Payments Dive

JULY 10, 2024

The retailer’s customers will still have six payment options after the change takes effect in about a week.

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Checks Payments 158

Finextra

JULY 10, 2024

At EBAday 2024, Gilbert Verdian, Founder and CEO, Quant, explores how programmable payments can enhance the efficiency of both personal and business financial transactions. Highlighting the important role of the Regulated Liability Network (RLN) in the UK, the discussion turns to advancing programmable payments using both existing and tokenised bank deposits.

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Payments Regulations Transactions Innovation 98

Payments Dive

JULY 10, 2024

Fresh off its biggest acquisition ever, Payroc is pressing ahead with more acquisitions and preparations for an initial public offering.

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Fintech Review

JULY 10, 2024

Decentralised Finance (DeFi) platforms are revolutionising financial services, particularly in emerging markets where traditional banking infrastructure is lacking. These platforms leverage blockchain technology to create open, accessible, and secure financial systems that operate without the need for intermediaries like banks. As a result, DeFi is gaining traction rapidly due to its ability to provide financial services to those who have been historically underserved by conventional banking sys

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Finance Financial Inclusion Underserved Blockchain 97

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

Best Practices

Fintech News

JULY 10, 2024

With help from the Singapore Police Force, Maybank has intervened in 19 scam cases from March 2023 to June 2024, preventing the loss of S$1,215,600. One notable case occurred on 2 July at Maybank’s Choa Chu Kang branch, a 75-year-old retiree attempted to prematurely withdraw S$230,000 from his fixed deposit. Assistant Service Manager Lee Yong Jie noticed inconsistencies in the retiree’s reasons for the withdrawal and referred the case to Maybank’s digital banking fraud team.

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Scams Returns FinTech Continuity 109

Finextra

JULY 10, 2024

Lithuania has fined crypto outfit Payeer a record EUR9.3 million for Russia-related sanction violations and money laundering failures.

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Money Laundering 105

Finextra

JULY 10, 2024

Travelex, a market leading foreign exchange brand, has added a further seven currencies to its pre-paid currency card, the Travelex Money Card (TMC).

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Fintech Finance

JULY 10, 2024

AFFIN Group (“AFFIN” or “the Group”) today announced a partnership with ACI Worldwide , a global leader in mission-critical, real-time payments software, to modernise the Bank’s real-time payment capabilities. In attendance at the contract signing to represent YBhg. Datuk Wan Razly Abdullah was Encik Risham Akashah Bin Kamaruzaman, Group Chief Operating Officer of Affin Bank Berhad, and ACI Worldwide was represented by Mr.

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ISO 20022 Real Time Payments ISOs Payments 98

Fintech News

JULY 10, 2024

Sumsub, a global verification provider, has announced strategic partnerships with several resellers in Southeast Asia including Nexus Technologies in the Philippines, PT Secure Pasifik Teknologi in Indonesia, and Spectrum Edge in Malaysia. These partnerships aim to enhance fraud prevention efforts and strengthen the business environment in the region.

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Identity Theft APACS Deepfake Money Laundering 104

Fintech Finance

JULY 10, 2024

Papara , a leading fintech in Turkey, has partnered with Thales , the global leader in advanced Technologies, to deploy Thales’ innovative SketchMyCard solution. Papara users now have the freedom to design unique and personalised payment cards that reflect their individuality, creativity and lifestyle, complemented by Papara’s highly successful and well-designed range of payment cards.

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Transactions Volume FinTech Innovation 98

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.

Payments

Bank Automation

JULY 10, 2024

Demand for real-time payments continues to grow globally, and the launch of the Federal Reserve’s real-time payments rail, FedNow, one year ago offers another avenue to send and receive funds instantly. Real-time transactions are predicted to reach 575.1 billion by 2028, with a compound annual growth rate of 16.

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FedNow Volume Real Time Payments Payments 83

Finextra

JULY 10, 2024

enza, the innovative payments technology company liberating African banks from the constraints of legacy technology and operating models, and TerraPay a leading global money movement company, are excited to announce a strategic partnership to transform the payments landscape of Africa.

Innovation 80

Innovation Technology Payments 80

Bank Automation

JULY 10, 2024

Banco Santander and Google have teamed up to offer an AI course. The on-demand course is live on the bank’s Santander Open Academy Platform and is free to anyone over 16, according to a July 9 Santander release.

AI 80

AI Transactions On-Demand 80

Fintech Finance

JULY 10, 2024

FREENOW , the leading European taxi app, has integrated Alipay+ cross-border mobile payment solutions with its taxi cab services in seven European countries: Spain, Germany, Ireland, Italy, France, Greece and Austria. The partnership enhances the travel experience for Asian visitors to Europe, as the region benefits from peak tourism this summer. Alipay+, a suite of cross-border mobile payments and digitalization technology solutions and official sponsor of UEFA EURO 2024 , has developed a mini-

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Cross-Border SARS eWallet Mobile Payments 98

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.

Continuity

Finovate

JULY 10, 2024

The role of AI in financial services is rapidly evolving. Not since the heady days of the Internet boom has an emerging technology so powerfully captured the imagination of companies, investors, workers, and consumers around the world. As financial services companies search for ways to take advantage of AI to improve efficiency, better understand data, and engage more proactively and personally with their customers, it is all the more worthwhile for us to listen to those entrepreneurs, analysts,

Fraud Prevention 75

Fraud Prevention AI Automation Underwriting 75

Fintech Finance

JULY 10, 2024

In a letter sent to customers, Metro Bank have announced they are to remove personal credit cards from their product range. As part of an internal review by the bank, the letter to customers stated: “We’re continuing to look at the best ways to simplify and streamline our products to ensure that we always provide the best service and value for our customers” All Metro Bank customers who hold the personal credit product will be affected by this change and all cardholder accounts will

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Credit Cards Product Disputes Accounts 97

Finextra

JULY 10, 2024

The ongoing deline in fintech investment continues in the first half of 2024 but shows signs of bottoming out, acccording to new figures from Innovate Finance.

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FinTech Finance Innovation Continuity 75

Fintech Finance

JULY 10, 2024

Network International (Network) , the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced the introduction of new Business Payment Solutions for businesses, corporations, and travel industry companies in the UAE. Launched in partnership with Mastercard , the new solutions will enable Network International to tap into Mastercard’s global digital payment expertise including card offerings, expense management and virtual card innovations; enabling Netwo

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Visa Cross-Border Payments Cross-Border Payments 97

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AI

The Fintech Times

JULY 10, 2024

Offa , the Sharia-compliant bridge finance fintech, has launched a new service in accordance with Islamic finance principles. Muslim and non-Muslim property investors will now be able to make fast funding decisions via a paperless process as a result of its buy-to-let (BTL) finance offering. Muslims cannot charge interest and investment into sectors deemed harmful to society – such as alcohol, tobacco and the arms trade.

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Finance Process Acquirers Product 69

Fintech Finance

JULY 10, 2024

Thunes , a global money movement innovator, today welcomes LianLian Global , a leading Chinese e-commerce cross-border payment service provider, to the Thunes Global Network. The Chinese payment company is offering a new solution, the LianLian Global Payout Service (LGPS), that leverages Thunes’ fully compliant payment network to facilitate payouts to digital wallets and bank accounts in over 130 countries.

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Cross-Border Payments Cross-Border Payments Service Provider 96

Nanonets

JULY 10, 2024

This tutorial blog examines some of the use cases of key-value pair extractions, the traditional and current approaches to solving the task, and a sample implementation with code. You encounter KVPs more often than you might realize. Remember the last time you flipped through a dictionary? Each word (the key) is paired with its definition (the value).

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Database Process Use Case Correspondent 96

Fintech Finance

JULY 10, 2024

payabl., one of Europe’s leading PayTech companies, today announced the appointment of Esfira Zakas as its new Chief Marketing Officer (CMO). The newly created role supports payabl.’s ambitious plans to continue its rapid growth across Europe. Esfira has been promoted from Head of Marketing into the new role, evidencing payabl.’s commitment to leveraging internal talent and fostering inclusive leadership.

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Continuity FinTech Addressing Business Payments 96

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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.

Payments

The Fintech Times

JULY 10, 2024

Investment research budgets are increasing in 2024, particularly in the US, signalling a market rebound, but the potential implementation of the Financial Conduct Authority’ s (FCA) new payment rules could further reshape spending dynamics and competitive practices in Europe. Substantive Research , a provider of research and data analytics for the buy side, has published the findings of its latest survey into investment research pricing, budgeting and consumption.

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Research Rules On-Demand Consulting 64

Fintech Finance

JULY 10, 2024

Research released today by emerchantpay , a leading global payment service provider and acquirer, has revealed the factors influencing how consumers choose to pay online. Top concerns over security (60%) and privacy (41%) were closely followed by considerations for speed (38%) and efficiency (34%). Security, privacy, speed and efficiency are all offered by Open Banking payments – above and sometimes beyond the capabilities offered by other payment methods.

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Privacy Consumer Security Payments 94

The Fintech Times

JULY 10, 2024

IDnow , the European identity verification platform provider, is launching two new e-signature solutions, InstantSign and eID eSign, in a move hoping to significantly streamline lengthy signing processes. IDnow explained that InstantSign enables financial firms to enhance their existing ‘friction-heavy’ and ‘lengthy’ signing processes, such as loan contracts, by leveraging a reusable identity.

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Security Verification AML Identity Theft 64

Finextra

JULY 10, 2024

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the launch of a new public-facing Value at Risk (VaR) calculator.

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VARS Risk Posting 59

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End User

The Fintech Times

JULY 10, 2024

Looking to reduce friction for Dubai-based firms looking to globally expand into different markets, Dubai Chambers , the non-profit public entity that supports Dubai’s vision as a global player, has signed a memorandum of understanding (MoU) with VFS Global , the visa outsourcing and technology service specialist for governments and their diplomatic missions.

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Due Diligence Agreements Gateways Facilitators 59

Finextra

JULY 10, 2024

Responding to the growing need to simplify access to global healthcare for medical tourists, Mastercard and the Medical Tourism Association (MTA) have announced an exclusive partnership to modernize the end-to-end healthcare experience for patients and providers around the world.

Cross-Border 59

Cross-Border Visa Payments 59

The Fintech Times

JULY 10, 2024

Moonpay , an end-to-end solution provider simplifying access to the crypto economy, is entering into a new commercial partnership with PayPal -backed financial operating system Mesh , to enhance the process of depositing and transferring crypto from exchanges. MoonPay explained that the collaboration will enable users across the industry to purchase crypto using existing fiat and crypto from centralised exchanges including Coinbase.

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Economy PayPal Stablecoins API 59

Finextra

JULY 10, 2024

Index Ventures, a leading global venture capital firm, today announced $2.3 billion in new funds to forge relationships with exceptional entrepreneurs who are creating transformative, category-defining businesses.

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Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.

Embedded Finance