Sat.Apr 20, 2024 - Fri.Apr 26, 2024

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Fed seeks 8,000 financial institutions for FedNow

Payments Dive

About 700 financial institutions have connected to the Fed’s instant payment network since last July, with at least 1,000 more in the pipeline, a FedNow official said this week.

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UK Banks Urged to Act Now Ahead of New Cross-Border Payments Legislation ISO 20022 to Prevent Exclusion from International Payment Networks

Fintech Finance

With just over 18 months to go until the ISO 20022 compliance deadline, leading Quality Engineering company, Roq , is urging UK financial institutions to take the necessary measures now to finalise their plans and focus on the execution of a programme that is, by all published metrics, some way behind the curve. Failure to meet the date has major ramifications for individual organisations and perhaps the UK’s financial services sector in part or whole.

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Resource Guide: Earn Continuing Professional Education Credits Through the Council

PCI Security Standards

The PCI Security Standards Council (PCI SSC) has published a resource guide with information on how to earn Continuing Professional Education (CPE) credits through the Council.

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Central banks embark on tokenisation project

Finextra

The Bank for International Settlements together with seven central banks is embarking on a major project to explore tokenisation of cross-border payments.

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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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Fed courts nonbanks for FedNow growth

Payments Dive

The Federal Reserve is stressing the importance of fintechs and core providers for the future expansion of its new instant payments system FedNow.

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Unveiling the Future: Insights from Token2049 on Crypto, Web3 and the Evolution of Finance

The Fintech Times

The Fintech Times recently attended Token2049, the premier crypto event held annually in Dubai and Singapore where founders and executives of leading Web3 companies and projects meet, network and share their views on the industry. There were several opportunities for us to catch up with industry leaders throughout the event, to understand the overlap between the traditional financial services sector and this fast-expanding world of crypto.

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National Bank of Iraq goes live with Temenos core banking and payments

Finextra

Temenos (SIX: TEMN) today announced that National Bank of Iraq (NBI), part of the Capital Bank Group, has successfully gone live with Temenos core banking and payments.

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Walmart removes self-checkout from select stores

Payments Dive

The retailer joins Target, Dollar General and other chains in recalibrating a reliance on self-service, and rethinking the whole checkout experience.

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Fraud in Focus: A Data-Driven Snapshot of 2023

The Payments Association

The 2024 assessment reveals evolving financial crime trends, including AI fraud and social media exploitation, providing crucial insights for payment firms to fortify consumer trust and operational security.

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Thailand’s T2P Taps Wise Platform to Offer Global Money Transfers for DeepPocket Users

Fintech News

T2P Co., Ltd., a payment solution provider in Thailand, has announced a new partnership with Wise Platform, which provides infrastructure for banks and financial services. According to Wise , this alliance marks T2P as the first fintech in Thailand to offer international money transfers without exchange rate mark-ups or hidden fees through its e-wallet app – DeepPocket.

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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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Apple offer to open up NFC payments access set for EU approval - Reuters

Finextra

EC antitrust regulators are set to approve an offer from Apple to open up the NFC chip technology that enables iPhone users to make contactless payments to third-party providers, according to Reuters.

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Why financial institutions should embrace ISO 20022

Payments Dive

Adopting ISO 20022 payment standards can help U.S. banks and credit unions unlock richer data and stay competitive in the global financial marketplace.

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SoftBank-backed TabaPay is buying the assets of a16z-backed Synapse, after it filed for bankruptcy

TechCrunch Fintech

After a tumultuous year, banking-as-a-service (BaaS) startup Synapse has filed for Chapter 11 bankruptcy and its assets will be acquired by TabaPay, according to the two companies. The deal is pending bankruptcy court approval. Founded in 2017, Mountain View-based TabaPay is an instant money movement platform that Softbank backed in a 2022 round of an […] © 2024 TechCrunch.

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KASIKORNBANK, J.P. Morgan Set to Reduce Cross-Border Payment Times to Minutes

Fintech News

Thailand’s KASIKORNBANK , in partnership with J.P. Morgan, has introduced Project Carina, a new initiative aimed at accelerating cross-border payments through blockchain technology, according to RYT9. Announced at Money20/20 Asia in Bangkok, the project integrates KASIKORNBANK’s Quarix blockchain with J.P. Morgan’s Onyx platform to significantly enhance the efficiency of international transactions.

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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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Sustainable development goals take G20 TechSprint centre stage

Finextra

The Bank for International Settlements (BIS) and the Banco Central do Brasil have put sustainable finance at the centre of the latest G20 TechSprint hackathon competition.

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Visa debit card volume growth keeps sliding

Payments Dive

The card network behemoth’s latest earnings report showed a contraction in card volume growth during the first three months of the year, and into April.

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Middle East Experiences Crypto Surge With 166% increase in Daily Crypto Traders, Reveals Bitget

The Fintech Times

Countries in the Middle East saw a 166 per cent increase in daily crypto traders in February earlier this year; Bitget Research , the research arm of the world’s crypto exchange and Web3 company Bitget, reveals in its latest report. In February 2023, six countries in the Middle East saw 300,000 daily active users on centralised crypto exchanges.

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Klarna Expands Global Partnership with Expedia Group, Offering Flexible Payments to US Consumers

Fintech Finance

Klarna, the AI powered global payments network and shopping assistant, today announced the expansion of its partnership with Expedia Group to the US market. Klarna is now bringing its flexible payments offering to millions of travelers, enabling them to book flights and stays using its popular interest-free Pay Now or Pay in 4 options across Expedia.com/Klarna and Hotels.com/Klarna.

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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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Emirates NBD carries out PoC for digitally native trade documents

Finextra

Emirates NBD has teamed with a trade finance platform and two fintechs on a proof-of-concept for a transaction involving digitally native trade documents with the application of participants' digital identity.

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Walmart offers a new BNPL option: report

Payments Dive

The fintech One now offers buy now, pay later financing at the store chain, presenting competition for Affirm, which has partnered with the retail giant since 2019.

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Australia and Thailand Forge Fintech Partnership at Money20/20 Asia

Fintech News

Fintech Australia and the Thai Fintech Association have formalised their partnership through a memorandum of understanding (MOU) to boost the fintech capabilities of both nations. The MOU signing ceremony took place in at the Money20/20 Asia event in Bangkok and saw key figures like Chonladet Khemarattana, President of the Thai Fintech Association, and Brian Collins, Deputy Chair of Fintech Australia, come together to ink the deal.

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Is 2024 the Year of Change? Disability, Inclusion and Awareness with Project Nemo

The Fintech Times

Sat around a kitchen table of an Airbnb in Vienna in October 2023, an unlikely trio united by a fiery passion to put right the inequalities in the world found themselves discussing inclusion and accessibility within fintech. Former payments CEO Joanne Dewar , disability advocate Kris Foster and graduate Ella Manley together realised that there was a major gap in awareness and understanding about disability inclusion across the board.

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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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The Bank of London turns on GenAI coding assistant

Finextra

The Bank of London is using a Generative AI assistant to speed up coding for companies testing embedded banking applications via the transaction bank's API suite.

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Fiserv rises on international, government sales

Payments Dive

The processing and payments technology giant is increasingly selling its services abroad, but also benefiting lately from sales to government entities at home.

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Igloo Expands Insurance Access in Vietnam Through New Partnerships

Fintech News

Igloo, a Singapore-based insurtech firm, has announced new partnerships with Zalopay, Lotte Finance, FE Credit, and digital insurer OPES to broaden insurance access in Vietnam, particularly for underinsured communities. These collaborations aim to introduce tailored insurance products that cater to the specific needs of modern Vietnamese consumers. Through its partnership with Zalopay , Vietnam’s second-largest e-wallet network, Igloo will offer Phone Screen Protection.

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Mastercard Takes On Scammers with AI-Driven Fraud Prevention Tools

The Fintech Times

Mastercard has unveiled a range of AI-powered security solutions and forged industry partnerships with Verizon, NatWest, Entersekt and Global Anti-Scam Alliance in a mission to tackle the rise of scams and impersonation fraud. By combining its identity, biometric, AI and open banking capabilities into the ‘Scam Protect’ suite of solutions, Mastercard hopes to safeguard consumers across a wide range of scams, from card-based and account-to-account payments to fraudulent account openin

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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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Coupa and Bottomline simplify business payments

Finextra

Coupa, the margin multiplier company, and Bottomline, a global leader in business payments, announced a strategic partnership to simplify and optimize payment processes for businesses. Coupa can now connect to Paymode-X, Bottomline’s business payments network that offers Premium ACH, to automate payments from buyers to suppliers.

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FedNow pricing aimed at avoiding market disruption

Payments Dive

The Federal Reserve aimed to “not upset the marketplace as a second mover” when it set fees for the new instant payments system last year, a Fed official said Wednesday.

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Thunes Acquires Tilia to Offer Wider Payment Solutions in the U.S.

Fintech News

Global payments company Thunes has entered into a definitive agreement to acquire Tilia LLC , a U.S.-based payment platform specialised in online games and virtual transactions. The financial terms of the deal were not disclosed, but the acquisition is pending regulatory approval. The acquisition aims to bolster Thunes’ growth and presence in the rapidly growing online gaming market across the United States.

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Notable Capital’s Hans Tung on the state of VC and the upside to down rounds

TechCrunch Fintech

To some investors, “down round” is a dirty phrase, but not to Notable Capital’s Hans Tung. Hans is a managing partner at Notable Capital, formerly GGV Capital, a venture firm focusing on investments in the U.S., Latin America, Israel, and Europe. Hans, whose portfolio includes the likes of Airbnb, StockX and Slack, sat down with […] © 2024 TechCrunch.

FinTech 101
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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.