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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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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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.

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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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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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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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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.

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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.

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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.

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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.

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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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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.

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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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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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Checkout.com Unveils a Suite of Product Launches and Continued 40% Annual Revenue Growth

Fintech Finance

Checkout.com , a leading digital payments company, today announced several new product innovations at its global enterprise customer event, Thrive, held in Barcelona, Spain. The company offers a suite of modular payment solutions that help businesses reduce the complexity and cost of payment processing while increasing performance and revenues. The company’s Intelligent Acceptance product runs more than 60 million optimisations per day and has helped customers unlock $5.5bn in lost revenue (more

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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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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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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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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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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

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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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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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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.

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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.

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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.

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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.

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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.

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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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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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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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Xero Clients Can Now Offer BNPL Payments via Klarna

Finovate

Xero and Klarna have partnered to allow small businesses to offer buy now, pay later (BNPL) options at checkout, giving consumers more flexible payment choices. Under the partnership, Xero’s small business clients will have access to BNPL capabilities that may help boost revenue and enable more large-ticket sales. This collaboration has the potential to help Xero’s small business clients maintain healthy cash flow by getting paid upfront.

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Consulting at Davies Reveals a Risk of Complacency in UK Fintechs as Firms Don’t Adopt New Tech

The Fintech Times

The majority of UK firms are more inclined to play it safe when it comes to integrating technology reveals a new report from Consulting at Davies, the professional services and tech consulting firm. In its survey of 501 senior decision-makers within UK-based financial services companies, Consulting at Davies found that 59 per cent of firms are risk averse when it comes to adoption and applying new technology.

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Assetera picks Polygon to power blockchain-based platform

Finextra

Assetera, one of the first regulated capital markets for investing and trading of blockchain-based financial instruments in the EU/EEA, today announced it has selected Polygon Proof-of-Stake (PoS) blockchain to power the blockchain-based platform for compliant secondary market transactions of Real-World Assets (RWAs).

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

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.