TechCrunch Fintech
JANUARY 30, 2024
PayPal has begun company-wide layoffs, according to multiple reports, including an article published by The Information. It is not yet clear how many people will be affected by the job cuts but one source told TechCrunch it was expected to be in the “thousands.” TechCrunch has reached out to PayPal and will update this story […] © 2024 TechCrunch.
Bank Automation
JANUARY 30, 2024
Graphics processing units on today’s computers can only hold so much capacity — and financial institutions are looking to quantum computing to process ever-growing data sets and turbocharge AI.
TechCrunch Fintech
JANUARY 30, 2024
Block, the fintech company whose subsidiaries include Square, Cash App and Afterpay, is laying off staff at a tumultuous time for tech industry workers. That’s according to an internal memo from CEO Jack Dorsey, obtained first by Business Insider, which states that “the growth of [Block] has far outpaced the growth of … business and […] © 2024 TechCrunch.
Finextra
JANUARY 30, 2024
Without any trace of irony, Klarna is reviving a feature which enables customers to look back on their personal spending history over the past year and get nudges to better money management tools in the app.
Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting
Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical
Bank Automation
JANUARY 30, 2024
Technology and innovations advanced in leaps and bounds in 2023, including enhancements to AI, the introduction of generative AI and investment in data analytics.
Basis Theory
JANUARY 30, 2024
A token requestor ID (TRID) is a unique identifier that allows merchants to request network tokens from token providers and is a prerequisite for enabling network tokenization. Each merchant must obtain their unique TRID before moving forward with network tokenization through the card networks. And, because these IDs are issued independently of each other, merchants will need to register a TRID for each card network they plan to use network tokens with.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Electronic Payments Coalition
JANUARY 30, 2024
A recent report covered by The Guardian explains how corporate mega-stores, like Walmart and Target, are driving the majority of inflation in the US. Citing new research, the coverage shows more than half of the inflation currently impacting American families can be attributed to the increased profits of America’s largest corporate retailers. The Guardian notes mega-store and large retail brand “executives [bragged] to shareholders about keeping prices high and widening profit margin
Payments Dive
JANUARY 30, 2024
The digital payments company plans to cut about 2,500 jobs, according to multiple news reports, shrinking the company as it seeks to jump-start profitable growth.
Fintech News
JANUARY 30, 2024
Payments giant Visa has teamed up with Transak , a provider of cryptocurrency and NFT payment infrastructure. This is set to enhance Transak’s service of converting cryptocurrency to fiat currency, benefiting users in over 145 countries through the integration of Visa Direct. The introduction of Visa Direct into this process aims to improve transaction speed, potentially reducing the time for money transfers to under 30 minutes, a notable improvement over the longer durations typical in co
Payments Dive
JANUARY 30, 2024
If the state’s buy now, pay later legislation passes, new requirements piling on additional compliance burdens may lead some providers to pull their operations in New York, attorneys said.
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Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?
TechCrunch Fintech
JANUARY 30, 2024
Spend management startup Ramp has acquired AI-powered startup Venue as it expands its procurement offering. Venue was founded in 2022 by TK Kong, Young Kim, and Kevin Chan, and its aim was to “simplify how businesses review, approve, and manage the cost of vendors in use across their company.” The startup raised $1.2 million in […] © 2024 TechCrunch.
Fintech News
JANUARY 30, 2024
Canadian fintech firm Nuvei has announced its latest integration with Microsoft Dynamics 365 Business Central , an ERP (Enterprise Resource Planning) solution tailored for small and medium-sized businesses. This integration enables organisations worldwide to incorporate various payment methods, such as card payments and instant bank transfers, including ACH transactions in the U.S., into their existing Dynamics 365 Business Central module.
Payments Dive
JANUARY 30, 2024
Contrary to recent reports, grocers aren’t pulling machines from their stores in droves. But they know there’s significant work to be done to improve the experience and reduce shrink.
Fintech News
JANUARY 30, 2024
Etiqa Insurance Singapore has unveiled a new pet insurance policy in response to the growing number of pets and the corresponding rise in veterinary costs in the island-state. The new policy “Tiq Pet Insurance” covers a range of medical expenses due to accidents, illnesses, congenital, and hereditary conditions. Additionally, the policy also offers no-claim discounts and is tailored to meet the unique needs of different pets.
Speaker: Jennifer Wright and Nick Barron
2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt
Finextra
JANUARY 30, 2024
The surge in cybersecurity breaches and financial scams presents a significant challenge and it is a.
Fintech News
JANUARY 30, 2024
Bank Saqu, a newly launched Indonesian digital bank, has raked up 300,000 users within the first two months of its operation. The digital bank, a joint venture between Hong Kong’s WeLab and Astra Financial, was introduced in Indonesia as part of WeLab’s expansion in digital banking across Asia. Simon Loong The development was shared by WeLab’s Founder and Group CEO Simon Loong who said that “it took 40% less time to reach from 200k to 300k new customers compared to the la
Payments Dive
JANUARY 30, 2024
Payments players can expect this year to be heavy with regulatory and legislative moves, both at the federal and state levels.
Fintech News
JANUARY 30, 2024
WRISE Group, an independent multi-family office, has appointed Dhruba Jyoti (DJ) Sengupta as CEO of its newly established Middle East subsidiary, located in Dubai. This expansion is part of WRISE’s broader strategy to extend its reach into the United Arab Emirates and the wider Middle Eastern region, following their acquisition of the Category 3C license in 2022.
Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms
In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.
Finextra
JANUARY 30, 2024
The Justice Department has charged two individuals and accepted the guilty plea of a third for orchestrating a massive $1.89 billion cryptocurrency fraud scheme.
The Fintech Times
JANUARY 30, 2024
While open banking and open finance may seem appealing to some, barriers to adoption are keeping the technology from being widely accessible. Looking to remove this hurdle, Moneyhub has launched its latest API ‘Recipe’, Fact-finder. The ‘Recipe’ ensures plugging into existing systems and solutions is easy. Data and payments fintech, Moneyhub is enabling businesses to move beyond the time-consuming manual fact-finding process when onboarding new customers and clients.
Finextra
JANUARY 30, 2024
In the last decade, China has witnessed an unprecedented transformation in its payment landscape. Fr.
Finovate
JANUARY 30, 2024
Trucking industry software platform Trucker Path announced this week it has tapped online lending marketplace Lendio to embed small business lending tools within its mobile app. Lendio, will offer Trucker Path’s community of one million users a range of financing services, including asset or revenue-based financing, debt financing, lines of credit, and equipment financing. “Lendio brings much needed capital to trucking businesses, who have traditionally been underserved by banks,
Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes
Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.
Finextra
JANUARY 30, 2024
Web3 payments infrastructure provider Transak is working with Visa to let its users convert their crypto into local fiat currencies.
Finovate
JANUARY 30, 2024
Jack Henry has launched its cloud-native business banking solution, Banno Business. The new solution will help community and regional banks bring modern banking solutions to small and medium-sized businesses. A Finovate alum since 2010, Jack Henry was founded in 1976. Jack Henry unveiled its cloud-native business banking solution, Banno Business , last week.
Finextra
JANUARY 30, 2024
PayPal is set to axe around 2500 jobs - nine per cent of its workforce - as new CEO Alex Chriss bids to take on increasing competition and a falling share price.
Finovate
JANUARY 30, 2024
Ramp acquired procurement startup Venue. Venue will help Ramp improve its Procurement product with purchase orders that automatically sync up to accounting platforms, collaboration tools, and new approval workflows. Venue was founded in 2022. Terms of the deal were not disclosed. Business finance automation platform Ramp announced it has acquired procurement startup Venue and that it has made improvements to its Procurement product automations.
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The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.
Finextra
JANUARY 30, 2024
Join us in Amsterdam, where the industry's leading Financial Services innovators come together to connect and create the future of money. Buy your pass today!
Paymerang
JANUARY 30, 2024
In today’s fast-paced business environment, maintaining financial control is more critical than ever, especially in organizations with decentralized purchasing. When finance teams lack visibility into committed purchases until the invoice arrives, it not only hinders effective cash management but also opens the door to rogue spending and makes it difficult to adhere to departmental budgets.
Finextra
JANUARY 30, 2024
Boubyan Bank, the Islamic Bank founded in 2004 in Kuwait, has sealed a partnership with Snowdrop Solutions, a world-leading expert in data enrichment for consumer payments and financial transactions.
Fintech Finance
JANUARY 30, 2024
Two in three (66%) larger UK businesses say they are very familiar with open banking and users report an average annual saving of 150 hours usually spent on operational tasks such as processing invoices and financial data, recurring payments and processing refunds, new research reveals. Payit by NatWest surveyed 150 business leaders across UK organisations with an annual revenue of £2 million or more.
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Build a sustainable merchant services portfolio with practical strategies to ensure long-term success. Diversify across industries to spread risk and stabilize income, balancing high-risk and low-risk clients for a robust mix. Combine large and small merchants to create a resilient payment portfolio, leveraging each type's strengths. Foster long-term relationships through exceptional service and personalized support.
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