Sat.Jun 15, 2024 - Fri.Jun 21, 2024

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Understanding the Cyber Risks in Video Communication

VISTA InfoSec

With the surge in remote work and virtual meetings, video communication is crucial for businesses and individuals. However, this convenience comes with significant cyber risks that can compromise sensitive information and privacy. Therefore, this article explores the common cyber threats in video communication and provides strategies to mitigate them.

Risk 277
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Shift4 acquires stake in German firm

Payments Dive

Shift4 is on an acquisition spree after making a new investment in the point-of-sale supplier, and closing of a purchase announced earlier this year.

Acquirers 158
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Swift bids to connects VoP schemes across Europe

Finextra

Bank-to-bank payment messaging network Swift is working to facilitate interoperability of Verifcation of Payee schemes across Europe as new research shows that 83% of SMEs across France, Germany, Italy and Spain rank upfront beneficiary checks as important to them in trading across borders.

SWIFT 132
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Coffee with the Council Podcast: Meet the Council’s New Head of Engagement

PCI Security Standards

Welcome to our podcast series, Coffee with the Council. I'm Alicia Malone, Senior Manager of Public Relations for the PCI Security Standards Council. Today we'll meet one of the Council's newest team members, our Head of Engagement, Diana Greenhaw. Diana comes to the PCI SSC after a successful 20-year career in payments that included stops at WorldPay, Visa, and Block.

Blocks 113
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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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Data Disaster: Los Angeles Public Health Department Suffers Biggest Data Breach

VISTA InfoSec

On June 17, 2024, the Los Angeles County Department of Public Health (DPH) disclosed a data breach impacting more than 200,000 clients, employees, and other individuals. The stolen data includes personal, medical and financial information. The DPH said the incident took place between February 19-20, 2024, was caused by a gang of cyber criminals who gained access to the log-in credentials of email accounts of 53 employees through a phishing email.

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5 key steps to creating and executing on an embedded finance roadmap

Payments Dive

By offering financial services tools and features, SaaS platforms can become stickier and more indispensable to SMBs.

More Trending

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UK Has Seen the Biggest Increase in Online Fraud in the Past 12 Months According to Ravelin Research

The Fintech Times

According to research from fraud prevention platform Ravelin , the UK economy and businesses that reside within it are at great risk, as the UK’s online fraud presence has increased the most out of 10 countries surveyed in the past 12 months. In its fourth edition of the Fraud and Payments Survey Ravelin has revealed that 84 per cent of UK merchants have confirmed an increase in online fraud.

Research 121
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Advanced Data Security: Safeguarding Your Business In The Digital Age  

VISTA InfoSec

Data is the driving force behind businesses in this digital age. From customer information and financial records to trade secrets and proprietary research, these digital assets are invaluable. As cyber threats evolve, safeguarding your organization’s data has become an utmost priority. Whether you’re a small business owner, a corporate leader, or an Information and Communication Technology (ICT) specialist, the consequences of a data breach are severe and far-reaching.

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Banking with Responsible and Generative AI

Finextra

Join FinextraTV as we talk with Ermes Dajko, Senior Cloud Solutions Architect at Temenos, about the transformative impact of generative AI in banking. Discover how Gen AI is revolutionising decision-making processes with practical use cases. Ermes also delves into compliance strategies, discussing how banks can ensure responsible AI usage while navigating regulatory requirements.

AI 119
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BBVA plans to start digital bank in Germany to rival JPMorgan

Bank Automation

Banco Bilbao Vizcaya Argentaria SA is planning to open a digital consumer bank in Germany, using existing technology to expand at relatively low cost. The project is led by Javier Lipuzcoa, the head of BBVA’s digital bank in Italy, according to people familiar with the matter.

Consumer 123
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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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Open Banking Could Become a Mainstream Payment Method in 5 Years Time Surpassing BNPL, emerchantpay Research Finds

Fintech Finance

New research released today by emerchantpay , a leading global payment service provider and acquirer, has found that there is strong market potential for merchants who prioritise the adoption of Open Banking payments early in their payment strategies. The survey of UK consumers found that one in two people are unknowingly using this payment method during checkout, with more than half (51%) of the UK population being unfamiliar with the term Open Banking.

BNPL 124
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Wealth Management Firms in Asia Embrace AI to Serve the Region’s Ultra-Wealthy

Fintech News

The global wealth management industry is undergoing a profound transformation, including in Asia, driven by the convergence of technological advancements like artificial intelligence (AI), shifting investor preferences, and evolving economic conditions. Capgemini’s World Wealth Report 2024, now in its 28th edition, reveals that high-net-worth individuals (HNWI) are reaching unprecedented numbers and wealth levels, with the Asia Pacific region emerging as a hotbed of growth and innovation.

AI 128
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Apple shuts down Apple Pay Later

Finextra

Apple is killing off its buy now, pay later service just a year after launch as it switches its focus to working with third parties for instalment loans.

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Cogo Enables ING Customers to View CO2 Emissions of Spending in Mobile Banking App

The Fintech Times

In a move to work towards a more sustainable financial and environmental future, ING Nederland , the financial service provider headquartered in Amsterdam, is partnering with Cogo , a carbon footprint management firm. Together, the two organisations are enabling customers of the bank to see the environmental impact of their spending. Step by step, all private customers can see the CO2 emissions of their expenses in the ING Mobile Banking App, thanks to Footprint Insight functionality from Cogo.

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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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Advancing Lending Operations: Supply Chain Financing Strategies

Finezza

Traditionally, suppliers and buyers stand on opposite sides of the negotiating table when closing a business deal. However, they may need to adopt a more collaborative approach in certain circumstances. For instance, they may come together to apply for a business loan. Known as supply chain financing, this unique product enables the supplier to produce […] The post Advancing Lending Operations: Supply Chain Financing Strategies appeared first on Finezza Blog.

Finance 107
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Generative AI in Payments: 4 Use Cases to Increase Revenue and Optimise Costs

Fintech News

Will Generative AI in payments accelerate financial institutions on their path to increased revenue and cost optimisation? The zero-humility ChatGPT says yes and offers multiple proofs from McKinsey, Forbes, EY, and other analysts. Even more reassuring, 54% of FSIs surveyed in EMEA, USA, and APAC are already embedding AI into their offerings or expanding their initiatives, and 61% plan to use Gen AI in 2024.

Use Case 121
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EBAday 2024: Collaboration is key to fraud management

Finextra

In one of the closing sessions of EBAday 2024 in Lisbon, panellists Marc Corbalan, VP of RTP analytics at Visa; Erwin Kulk, head of service development and management at EBA Clearing; Simone Löfgen, global head of payment platforms and managing director at Commerzbank; and Kannan Rasappan, founder and CEO of Banfico, explored innovations in cybersecurity in a panel titled ‘New approaches to fraud management’.

RTP 116
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How to Avoid a “Tick Box Exercise” When it Comes to DEI

The Fintech Times

This June at The Fintech Times, we’re focusing on diversity, equity and inclusion (DEI). No longer just a trending topic but an essential consideration to not only your business operations but in your offering as well, this topic feels more relevant now than ever before. The fintech industry is known for its innovative, agile reputation, and yet it still faces a significant diversity problem that threatens to halt its growth and stop that innovation moving.

FinTech 105
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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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ZORRZ Selects CLOWD9 to Drive Financial Inclusivity Through Innovative Virtual Credit Card

Fintech Finance

ZORRZ , the pioneering fintech driving financial inclusivity, has announced its strategic partnership with CLOWD9 , a B-Corp certified processing platform, to power its innovative BlueAccess Hybrid Credit Card platform. This collaboration aims to enhance ZORRZ’s mission of providing responsible access to credit for underserved communities. The ZORRZ BlueAccess Card is a first-of-its-kind collateralized virtual credit card designed to empower groups often excluded from mainstream lending, i

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Singapore’s Path Forward for Generative AI

Fintech News

The advancement of generative artificial intelligence (gen AI) has opened up new commercial, social, and technological opportunities. However the development of generative AI in Singapore is double-edged a new whitepaper by a consortium comprising the Monetary Authority of Singapore (MAS), financial institutions, tech firms and consultancies, says.

AI 115
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EBAday 2024: Instant payments and generative AI will be the most impactful for the industry

Finextra

Digitisation and the advantages that are available through modern technology were core topics for the afternoon sessions at EBAday in Lisbon, Portugal.

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Emirates Development Bank Partners with Commercial Bank of Dubai to Bolster International Trade

The Fintech Times

Emirates Development Bank (EDB), the financial engine of UAE economic development and industrial advancement, and Commercial Bank of Dubai (CBD), the UAE-based bank, are joining forces to enhance international trade services. This collaboration will combine the client base and financial operational capabilities of the Emirates Development Bank with the advanced trade finance expertise of the Commercial Bank of Dubai, in an effort to unlock new growth opportunities for businesses across the UAE.

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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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Nationwide Customer Data Shows Home and Away Footy Spend Soars as Euro’s Kick Off in Germany

Fintech Finance

As football fever grips the nation, supporters are showing their passion not just through enthusiastic support but through increased spending at home and abroad. Nationwide Customer Data from Nationwide’s Spending Report, which analyses current account and credit card spending, highlights customers spent £420,341 in Germany at the weekend (15/16 June) – a 140 per cent increase when compared to the same weekend a month earlier.

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Digital Care Rebrands as bolttech Poland After Acquisition

Fintech News

Digital Care, a device protection and services company based in Poland, rebrands as bolttech Poland. This follows bolttech’s acquisition of Digital Care for an undisclosed sum in October 2023. Founded in 2012, Digital Care has provided customer-centric solutions for device lifecycles in Poland and several markets across Asia, Europe, and Africa.

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EBAday 2024: Possibilities and boundaries of the OCT Inst scheme

Finextra

Moderating the last panel of the first day of EBAday, Rita Camporeale, vice chair of the European Payments Council led a conversation on the OCT Inst scheme with Daniele Astarita, principal solution consultant of real time payments at ACI Worldwide; Damien Godderis, head of payments industry engagement - payments & receivables - cash management at BNP Paribas; Xavier Herrero, manager operations groups at CaixaBank; and Michael Knetsch, tribe lead instant payments, cash management at Deutsche Ban

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Australian Bank Leverages MongoDB Atlas for Major Tech Transformation

The Fintech Times

Australia’s Bendigo and Adelaide Bank has teamed up with MongoDB to modernise its core banking technology. The bank is using the MongoDB Atlas multi-cloud developer data platform to accelerate customer-focused innovation. According to the pair, the bank chose MongoDB Atlas as the underlying platform for its tech stack because of the high levels of security and reliability, its ability to manage the bank’s real-time operational data on a unified platform, and because of an “intuitive

Database 105
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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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Why Hedge Fund Admin Software is Crucial to Your Back Office 

Fintech Review

By Repool staff. In the fast-paced world of hedge funds, emerging fund managers focus on big-picture strategy and day-to-day investment moves. However, what is often overlooked or regarded with disdain is the amount of compliance and account reconciliations needed in back-office operations. While it’s not glamorous work, it is essential for ensuring the long-term sustainability and viability of the hedge fund.

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Indonesia’s Digital Bank Superbank Now Available on Grab

Fintech News

Indonesian digital bank Superbank has officially launched its services on the Grab superapp, enabling users and partners to open bank accounts and utilize them directly for Grab services without needing an additional app. This integration aims to simplify financial transactions for Grab’s extensive user base, as reported by DealStreetAsia. Superbank offers a 6% annual interest on savings with flexible withdrawal options, and a 75% discount on GrabFood and GrabBike services along with exclu

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Lunar and SAS partner for debit card

Finextra

Today Danish neobank Lunar debuted a debit card with Scandinavian Airlines (SAS) that allows users to gain and use EuroBonus points.

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Study: Stratyfy’s AI Brings Better Credit Decisions and Increased Borrower Access

The Fintech Times

Stratyfy, a women-led fintech company, has revealed that its advanced AI technology can significantly enhance credit decisioning processes for small to midsize banks. Leveraging Equifax credit data, Stratyfy developed predictive models and strategies to show how its Probabilistic Rules Engine (PRE) compares to traditional decisioning methods in the US.

AI 105
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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.