Fintech Finance

NOVEMBER 18, 2024

The current cross-border payment system imposes high costs on businesses and economies worldwide, stifling economic potential and limiting financial inclusivity. Global corporations move $23.5 trillion across countries annually—around a quarter of global GDP—at an estimated cost of $120 billion in transaction fees annually. Any improvement in the efficiency of cross-border transactions would, therefore, lead to considerable benefits for businesses and individuals globally.

Cross-Border Payments 116

Cross-Border Payments Cross-Border Transactions Financial Inclusion 116

Payments Dive

NOVEMBER 19, 2024

Executives from the card networks were on the defensive Tuesday when members of the Senate Judiciary Committee berated them over high fees merchants must pay to accept credit card payments.

Visa 217

Visa Credit Cards Payments 217

PCI Security Standards

NOVEMBER 18, 2024

Welcome to our podcast series, Coffee with the Council. I'm Alicia Malone, Senior Manager of Public Relations for the PCI Security Standards Council. Recently, PCI SSC published a new information supplement called PCI DSS Scoping and Segmentation Guidance for Modern Network Architectures. This document was produced by the 2023 Special Interest Group, also called a SIG, who spent a year collaborating on this project, which was led by the Council's own Kandyce Young, Manager of Data Security Stand

PCI DSS 165

PCI DSS Data Security Security Participant 165

Finextra

NOVEMBER 20, 2024

Moss, a leading innovator in B2B spend management solutions, has partnered with Airwallex, the leading global payments and financial platform for modern businesses, to embed global bank transfers and expand operational capabilities, supporting Moss’ international growth ambitions.

B2B 131

B2B Global Payments Innovation Payments 131

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

Payments

Fintech News

NOVEMBER 19, 2024

Over 50 speakers have already been confirmed to take the stage at Money20/20 Asia 2025 in Bangkok, Thailand. The conference returns for its second edition from 22 to 24 April 2025 at the Queen Sirikit National Convention Center. More than 3,000 people from 85+ countries attended in 2024, and next year’s show promises to be even bigger and better. Thirty-six leading names, including OpenPayd, Terrapay, Thunes, Chubb, Trulioo, and Nium, have already signed up as sponsors.

APACS 115

APACS Cybersecurity On-Demand Innovation 115

Payments Dive

NOVEMBER 20, 2024

After a year as CEO of the digital payments pioneer, Alex Chriss is spearheading an expanded role in commerce for the company.

PayPal 197

PayPal Payments Digital Payments 197

Finextra

NOVEMBER 18, 2024

Airwallex, the Australian-founded leading financial platform for modern businesses, today announced that it is launching Airwallex for Startups in New Zealand, to help Kiwi startups to accelerate their growth.

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Fintech News

NOVEMBER 17, 2024

Crypto.com has acquired a brokerage and trading firm Fintek Securities regulated by the Australian Securities and Investments Commission. This acquisition will allow Crypto.com to expand its offerings for its eligible users in Australia to include deposit products, derivatives, securities, foreign exchange, and managed investment schemes. This move follows the firm’s recent acquisition of the US-based, SEC-registered firm Watchdog Capital, LLC, marking the second acquisition aimed at bolst

Acquirers 118

Acquirers Security Regulations Product 118

Payments Dive

NOVEMBER 20, 2024

"Nonprofits and charities need every penny they can get to make effective change in times of crisis, yet big banks and credit card companies continue to take their cut," writes one policy analyst.

Credit Cards 147

Credit Cards Continuity 147

Bank Automation

NOVEMBER 18, 2024

Banks and credit unions prioritized digital integration in 2024, with 75% saying they increased their technology spend, according to a recent survey. More than 100 bank and technology company leaders were surveyed nationwide for research company Bank Director’s 2024 Technology Survey, released in September, which showed that throughout the year, banks and credit unions made […] The post 75% of FIs increased tech spend this year appeared first on Bank Automation News.

Credit Union 116

Credit Union Automation Research Technology 116

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Finextra

NOVEMBER 20, 2024

Australia's top banks are piloting a fraud and scams intelligence-sharing network using behavioural- and device-based technology from security vendor BioCatch.

Scams 131

Scams Security Technology 131

TechCrunch Fintech

NOVEMBER 20, 2024

An incident disclosure shared with Finastra's banking and financial customers confirms a hacker stole files from a company system. © 2024 TechCrunch. All rights reserved. For personal use only.

Data Breach 106

Data Breach Breach FinTech Cybersecurity 106

Payments Dive

NOVEMBER 21, 2024

The e-commerce giant began letting needy families shop on its website with their federal benefits cards earlier this month.

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Payments 151

Fintech News

NOVEMBER 17, 2024

Maritime Commercial Joint Stock Bank (MSB) has chosen Backbase ‘s Engagement Banking Platform to modernise its digital banking services. The bank will work with Backbase and its partner, SmartOSC , to implement the platform and create a unified, customer-centric experience for its 5.4 million retail and 100,000 enterprise customers. This move is part of MSB’s ongoing digital transformation strategy to streamline its offerings and enhance customer service.

Regulations 109

Regulations Product Innovation Transactions 109

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

FloQast

NOVEMBER 20, 2024

Efficient account reconciliations is a cornerstone of modern accounting practices, demanding precision and speed to keep pace with today’s financial landscape. With the launch of FloQast AI Transaction Matching , a vital component of the FloQast Accounting Transformation Platform , accountants now have a solution that is tailored to address their specific needs, focusing on making reconciliation processes simpler and more accurate.

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Reconciliation AI Transactions Accounts 97

The Fintech Times

NOVEMBER 19, 2024

The UK public is largely unaware of new regulations forcing UK banks to reimburse victims of payment scams, weeks after coming into effect, anti-fraud fintech Tunic Pay has revealed. On 7 October, the Payment Systems Regulator (PSR) mandated that all UK banks must repay customers who are victims of payment scams up to £85,000 per case. However, a Tunic Pay survey of 2,000 UK adults, conducted by independent market research consultancy Opinium , reveals that less than three in ten (29 per cent)

Scams 102

Scams Rules Payments Regulations 102

Payments Dive

NOVEMBER 21, 2024

In finalizing the new rule to oversee digital wallet providers Thursday, the Consumer Financial Protection Bureau said it made important changes to its initial proposal.

Rules 97

Rules CFPB Payments Consumer 97

Fintech News

NOVEMBER 20, 2024

PayPal has announced that its disbursement partners can now use PayPal USD (PYUSD) to settle cross-border money transfers via Xoom, its digital remittance platform. Xoom, a PayPal service, offers digital remittance services in over 160 countries, providing users with a convenient platform to send money, pay bills, and reload phones. This move aims to reduce the cost and increase the speed of international money transfers by leveraging blockchain technology.

Cross-Border 101

Cross-Border Cross-Border Payments PayPal Financial Inclusion 101

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Payments

Fintech Review

NOVEMBER 20, 2024

In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-border payment technology. Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments. The SOE optimises transaction routes and provides near-instantaneous settlement for financial institutions globally.

Cross-Border Payments 99

Cross-Border Payments Cross-Border Multi-Currency FinTech 99

Finextra

NOVEMBER 21, 2024

Microsoft Brazil, 7COMm and Chainlink are to work with Banco Inter on a trade finance application as part of the second phase of the central bank's trials of its digital currency, Drex.

Finance 94

Finance Central Bank Digital Currency 94

Payments Dive

NOVEMBER 22, 2024

The regional Fed bank, which has purview for the proposed merger, demanded more information from the bank as it considers whether to approve the deal.

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Fed 97

Fintech News

NOVEMBER 19, 2024

Prudential has officially launched its global AI Lab in Singapore, aiming to integrate artificial intelligence (AI), generative AI, and machine learning across its operations. The lab, launched in partnership with Google Cloud, will focus on developing AI solutions to improve customer experience, enhance business efficiency, and strengthen advisory capabilities.

AI 103

AI Fraud Detection Risk Use Case 103

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

Fintech Finance

NOVEMBER 22, 2024

Mastercard and Fundbot , a UAE-based fintech firm specializing in supply chain financing, have announced a collaboration to accelerate business-to-business (B2B) payment flows across all industries. The two companies will launch a streamlined payments platform that seamlessly links buyers and suppliers. Rolled out initially in the UAE and Saudi Arabia, the innovative tech-driven solution will boost the user experience by including added-value capabilities, such as Fundbot’s dynamic discount prod

Visa 87

Visa B2B Payments Industry Trends 87

Finovate

NOVEMBER 18, 2024

Qover, an insurtech based in Brussels, Belgium, has partnered with Mastercard to provide return shipping cost protection when retailers do not offer free returns. The service is available to Mastercard credit cardholders in Belgium and Luxembourg; Qover plans to expand the service to additional European countries. Qover made its Finovate debut at FinovateEurope 2018 in London.

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Visa Returns Automation Credit Cards 102

Finextra

NOVEMBER 19, 2024

Islamic financial services provider Hejaz has launched Australia’s first-ever halal financial app to finally provide Australia’s growing Muslim community with convenient and simple access to a broad range of Shariah-compliant financial products and services.

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Service Provider Product 97

Fintech News

NOVEMBER 20, 2024

Global technology and innovation partner Zühlke took part in the Singapore Fintech Festival (SFF) 2024, demonstrating its commitment to driving impactful change in the financial technology landscape. Zühlke offered forward-thinking perspectives on the adoption of AI, digital money, and the future of work for talents. As a Knowledge Partner of Insights Forum , the invitation-only event organised by the Global Finance & Technology Network (GFTN), Zühlke contributed through expert insights and

AI 92

AI Finance APACS Regulatory Compliance 92

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Fintech Finance

NOVEMBER 21, 2024

Raimac Financial Technology , a game-changer for companies looking to offer flexible payments, has today announced a strategic partnership with Cashflows , the platform that makes it easy for businesses to accept payments. This partnership positions Cashflows as one of the first companies in the UK to implement Raimac’s advanced programmatic payment technology.

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Payments BNPL Automation Finance 92

Payments Dive

NOVEMBER 22, 2024

More people are falling for real-time payment scams as the use of such speedy systems increases, a FICO survey showed.

Real Time Payments 88

Real Time Payments Scams Payments 88

Finextra

NOVEMBER 18, 2024

The Spanish banking community has become the first EU market to enable instant cross-currency payments under the European Payment Council's OCT Inst (One-Leg Out (OLO) Instant Credit Transfer scheme.

Cross-Border Payments 97

Cross-Border Payments Cross-Border Payments 97

Fintech News

NOVEMBER 20, 2024

GXS Group is set to launch its business banking services in early 2025, starting with Singapore, as part of its efforts to expand offerings and serve underserved segments across Southeast Asia. The services will initially target sole proprietorships and micro-businesses. This will include business operating accounts and unsecured credit lines with flexible features like daily interest crediting, no early repayment fees, and savings for early loan repayments.

Underserved 99

Underserved Transactions FinTech Accounts 99

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