Wed.Sep 25, 2024

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NexGen Banking Summit

Open Banking Excellence

23-24th October 2024 Live Event Linkedin Twitter NexGen Banking Summit The NexGen Banking Summit , scheduled for October 23rd and 24th, 2024 at the Hilton Hotel in London, brings together industry leaders, banking institutions, and technology companies. This pivotal event explores how cutting-edge technologies—such as AI, biometrics, and open banking—are reshaping the financial landscape.

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Global payments ecosystem: How DigiDoe Ltd. is Leading the future of EMIs

The Payments Association

Businesses today need seamless and secure financial services. DigiDoe Ltd. offers cutting-edge AI-driven fraud prevention and compliance with multi-currency accounts for cross-border payments. We ensure your business thrives in the global market by providing secure, simple and scalable financial solutions.

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Yuno Launches Monitors to Tackle Payment Anomalies in Real Time

Fintech Finance

Yuno , the world’s leading payment orchestrator, today announces the launch of Monitors, an innovative new feature designed to detect and resolve payment anomalies in real time. This cutting-edge solution guarantees seamless transaction flows and safeguards businesses against revenue losses during outages. Monitors represents a significant leap forward in payment processing technology, providing businesses with unprecedented control over their transaction flows.

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Algbra Labs pioneers fintech-as-a-service for fast-tracking digital financial platforms: A case study of Shoal

The Payments Association

Algbra Labs' fintech-as-a-service (FaaS) simplifies building digital financial platforms, cutting costs and time, as seen with Standard Chartered's Shoal.

FinTech 88
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From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

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Commonwealth Bank of Australia Divests 5% Stake in Vietnam’s VIB

Fintech News

Commonwealth Bank of Australia ( CBA ) has announced the sale of approximately 5% of its shares in Vietnam International Commercial Joint Stock Bank (VIB). The transaction, executed on 24 September 2024, is expected to generate gross proceeds of approximately A$160 million (US$ 109.5 million) for CBA. CBA has been a shareholder in VIB since 2010, contributing to its development as a joint-stock commercial bank in Vietnam.

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AI at the Core: Introducing the FloQast Accounting Transformation Platform

FloQast

The accounting profession is at a crossroads. We’ve all seen the stats, and they’re alarming. 75% of CPAs set to retire in the next 10 years Accounting majors from 2021-2022 dropping 18% from the previous decade — and 7.8% year over year 55% of CFOs reporting that finding talent with required skills TOP concern So…why? Accountants are burning out, and that’s obvious.

AI 104

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How Visa stymied big tech rivals

Payments Dive

The U.S. lawsuit paints a picture of the dominant card network using lures and threats to stifle competition from competitors Apple, PayPal and others.

PayPal 88
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Corpay Cross-Border Named the Official FX Supplier of Everton Football Club

Fintech Finance

Corpay, Inc.*, (NYSE: CPAY) a global leader in corporate payments, is pleased to announce that Corpay’s Cross-Border business has entered into an agreement with Everton FC , one of the founding members of the Premier League to become their Official Foreign Exchange (FX) Supplier. Through this partnership, Everton will be able to utilise Corpay Cross Border’s innovative solutions to help mitigate foreign exchange exposure from their day-to-day business needs.

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Sleek Now Profitable in Singapore, Raises US$5 Million Debt Financing

Fintech News

Sleek, a platform offering incorporation and accounting services for SMEs and entrepreneurs, has announced it achieved profitability in Singapore during the second quarter of 2024. The company also secured US$5 million in debt financing from the Singapore-based Fintech Nation Fund to support its ongoing expansion. Sleek , now in its seventh year of operation, highlighted that the funding will fuel growth across its markets in Singapore, Hong Kong, Australia, and the UK.

Finance 96
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NETSTARS Partners with ACI Worldwide to Power the World’s Payment Ecosystem

Fintech Finance

NETSTARS Co., Ltd. (Head Office: Chuo-ku, Tokyo; President & CEO: Tsuyoshi Ri;hereinafter “NETSTARS”) has partnered with ACI Worldwide (Head Office: United States; CEO & President: Thomas W. Warsop, III; hereinafter “ACI”) to support the further international development of cashless payments in Japan. The two companies will join forces to offer a one-stop payment acceptance solution for payment service providers and merchant acquirers to create a seamless and secu

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15 Modern Use Cases for Enterprise Business Intelligence

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?

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PayPal Introduces PayPal Complete Payments in China

PayPal

PayPal unveiled PayPal Complete Payments, a safe and efficient all-in-one platform that integrates a range of customized products and solutions to support Chinese merchants in selling globally.

PayPal 82
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PSR Confirms Its Decision on APP Scams Reimbursement

Fintech Finance

Today, the PSR has confirmed the maximum reimbursement limit for victims of Authorised Push Payment (APP) scams starting from 7 October. Having given careful consideration to all the feedback and information received, the PSR board has decided that the maximum reimbursement limit for Faster Payments will be £85,000. The PSR’s requirements will provide world-leading protections to people who fall victim to scams – with over 99% of APP claims covered by the reimbursement cap.

Scams 96
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What is a Terminal ID Number?

Fi911

A terminal ID number, often abbreviated as TID, is a unique identifier assigned to a specific point-of-sale terminal or card reader. This number is essential for processing credit and debit card transactions, as it allows financial institutions and payment processors to track and manage each transaction originating from that particular terminal. The terminal ID ensures that all transaction information is accurately associated with the correct point of sale, enabling seamless payment processing a

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Proposed New Rules to Better Protect Customers of Payments Firms

Fintech Finance

Use of payments firms has grown in recent years, but the FCA says it continues to see poor safeguarding practices from firms. Funds held by payments and e-money firms are not directly protected by the Financial Services Compensation Scheme (FSCS). Instead, firms must safeguard funds which can mean customers lose money or experience delays to funds being returned if the firm fails.

Rules 96
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eCommerce in 2025: How Customer Experience Drives Online Retail Success

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

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YouBiz, CloudMile Offer Incentives for Cloud and AI Adoption in Singapore

Fintech News

YouBiz, a corporate card and spend management platform by YouTrip , has announced a strategic partnership with CloudMile, a provider of cloud and AI services. The collaboration aim to provide local enterprises with cost-effective AI and fintech solutions to enhance productivity and manage cloud subscription costs. Companies can tap into CloudMile’s cloud and AI services to optimise operations and improve efficiency.

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APRON Raises $30 Million Series B to Help More Small Business Owners Take the Pain Out of Payments

Fintech Finance

APRON , the business payments powerhouse, has raised a $30 million Series B funding round to help more small business owners make it by digitising and simplifying the payments process, and bring greater security to these companies’ cash flow. The investment was led by Zinal Growth, a growth-stage focused tech fund backed by the founder of Checkout.com.

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11 bank tech execs to watch in 2025

Bank Automation

Financial institution leaders have prioritized innovation and efficiency efforts in 2024 while navigating continually evolving technologies. This year, bank executives have been tasked with keeping up with generative AI and boosting their cybersecurity efforts in a fraud-ridden environment. And they have done so while maintaining compliance as they await impending regulations.

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Mastercard and KaiOS Partner to Simplify Acceptance for Millions of SMEs in Emerging Markets

Fintech Finance

KaiOS , the leading operating system that brings the best of the internet to affordable devices, today announced a partnership with Mastercard to integrate a range of digital payments solutions. Beginning in Cote d’Ivoire and Nigeria, Mastercard and KaiOS will deliver affordable payment acceptance devices and stimulate the growth of a more inclusive, connected global economy.

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7 Essential Criteria for Choosing the Right Payments Partner

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.

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Bank of Canada Puts CBDC Development on Ice: Is This Indicative of Global CBDC Demise?

The Fintech Times

While 134 countries and currency unions, representing 98 per cent of global GDP, are currently exploring a central bank digital currency (CBDC), the Bank of Canada has revealed it is officially putting efforts to introduce a digital version of the Canadian dollar on pause. Since 2020, interest in CBDC potential across the globe has skyrocketed. In May 2020, only 35 countries were exploring the idea of a CBDC at all.

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Sezzle evolves alongside BNPL industry

Payments Dive

The company now offers more products but also faces more regulatory pressure, Sezzle CEO Charlie Youakim told Payments Dive

BNPL 78
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MAS Taps Global Experts for New Cyber and Tech Resilience Panel

Fintech News

The Monetary Authority of Singapore (MAS) to enhance the financial sector’s resilience against both cyber threats and technology disruptions. Replacing its previous Cyber Security Advisory Panel formed in 2017, MAS has established the Cyber and Technology Resilience Experts (CTREX) Panel. This expert group will advise MAS on emerging tech risks and threats, while also recommending strategies to fortify the sector’s resilience.

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Transactions: EverBank to acquire Sterling Bank for $261M

Bank Automation

EverBank has announced plans to acquire Sterling Bank for $261 million, through a stock purchase agreement. Jacksonville, Fla.-based EverBank is set to acquire Sterling’s 25 branches, $900 million in loans and $2 billion in annual deposits, and aims to expand its operations in San Francisco and other localities in California, an EverBank spokesperson told Bank […] The post Transactions: EverBank to acquire Sterling Bank for $261M appeared first on Bank Automation News.

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Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

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.

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How to Migrate to a New Payments Platform Without Rocking the Ship

Fintech News

In the face of competition, many large financial institutions have outdated payment platforms that impede progress and give rivals an advantage. However, migration seems risky when millions of cardholders and thousands of merchants rely on the smooth running of their ship. OpenWay , a vendor of the Way4 digital payments platform, shares its experiences to explain why companies embark on migration regardless.

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Codat: US Businesses Hesitant to Ditch Cheques Despite Fraud Risks

The Fintech Times

A significant majority of US mid-sized businesses still use paper cheques, even with soaring cheque fraud research from Codat, a provider of business data and insights for banks, reveals. Cheque fraud nearly doubled between 2021 and 2022, with projected losses expected to exceed $24billion by 2024. Despite more secure digital payment methods like virtual cards gaining traction, many businesses continue to rely on cheques due to familiarity.

Risk 69
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FCA proposes rules to protect customers when payment firms go bust

Finextra

The UK's Financial Conduct Authority has proposed rules designed to better protect customers when payments and e-money firms go out of business.

Rules 72
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10x Banking: Banks Grapple with Legacy Tech as They Push for AI Integration

The Fintech Times

More than half of banks (55 per cent) view their current core banking solutions as the biggest obstacle to achieving their digital transformation objectives, according to new research from 10x Banking. The report, Core Banking without Compromise , surveyed over 200 senior IT decision-makers, shedding light on the challenges posed by legacy technology and the growing demand for modern systems.

AI 69
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Enhance Customer Value: Unleash Your Data’s Potential

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.

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SEB selects Broadridge for post-trade processing

Finextra

Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR) today announced that Skandinaviska Enskilda Banken AB (SEB) is leveraging Broadridge’s international post-trade processing solution to simplify and streamline its securities business across international and domestic markets.

Posting 64
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Why Are Only 1% of Financial Crimes Brought to Justice? RedCompass Labs Asks What Holds Banks Back

The Fintech Times

US banks believe they are at least eight months behind criminals, with the largest institutions believing the gap is as wide as 23 months, according to new research from RedCompass Labs , the payments modernisation company. Despite conceding that that criminals have an eight-month head start, 75 per cent of banks feel confident they can close this gap and 25 per cent feel they could ‘maybe’ catch up and reduce the abundance of financial crimes.

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Soc Gen strikes digital assets partnership

Finextra

French bank Societe Generale has announced a collaboration with crypto custodian and broker Bitpanda designed to accelerate the adoption of digital assets.

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Keyper Launches Rent Now Pay Later Marketplace for Monthly Rental Payments in Dubai

The Fintech Times

A new rental marketplace launched by property management platform Keyper is offering tenants in Dubai the option to pay their rent in 12 monthly instalments instead of a large upfront payment. The rent now pay later (RNPL) marketplace aims to ease the financial burden for tenants by providing pre-approved properties from several major real estate agencies in Dubai.

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Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio

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.