Sat.Apr 06, 2024 - Fri.Apr 12, 2024

article thumbnail

Gen Z clings to new payment tools

Payments Dive

Gen Zers will abandon a transaction in one out of two cases if their preferred payment method isn’t available, says an EY payments specialist, citing the firm’s survey results.

article thumbnail

Proxies Explained: The First Line Of Defense In Cybersecurity

VISTA InfoSec

Cybersecurity is vital in today’s fast-paced digital world, where keeping your private information safe is as crucial as the technology itself. Proxies are key players in this arena, not just for the tech-savvy but for everyone online. They work quietly behind the scenes, rerouting your internet traffic to keep your activities private, speed up your browsing, and even unlock content that’s out of reach due to geographic restrictions.

article thumbnail

Citi focuses on streamlining, automation in Q1

Bank Automation

Citigroup is focused on simplifying its infrastructure and overall technology through automation and cloud migration as it upped tech spend 6% year over year to $2.2 billion in the first quarter.

article thumbnail

TransferGo raises $10M to expand its remittance business in Asia, doubling valuation

TechCrunch Fintech

TransferGo, the UK-based fintech best known as a consumer platform for global remittances, has raised a $10 million growth funding round from Taiwan-based investor Taiwania Capital, with a view to expanding in the Asia-Pacific region. It last raised a $50M Series C funding round in 2021. TransferGo claims the new investment doubles its valuation to […] © 2024 TechCrunch.

FinTech 127
article thumbnail

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

article thumbnail

Visa, Mastercard CEOs throw hearing off track

Payments Dive

Senate Judiciary Committee Chairman Dick Durbin postponed a plan to call credit card chieftains on the capitol carpet at a Tuesday hearing, but he’s still aiming to get them to Washington.

Visa 174
article thumbnail

Cyber attacks cost financial firms $12bn says IMF

Finextra

Financial services firms have been hit with $12bn in losses over the last two decades as a result of cyber attacks, according to a recently published report from the International Monetary Fund (IMF).

127
127

More Trending

article thumbnail

How is Banking-as-a-Service Driving Financial Inclusion Across the Globe?

The Fintech Times

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. As the space rapidly develops, we look to highlight the latest developments, initiatives and challenges embedded finance has to offer and overcome across the globe. Banking-as-a-Service (BaaS) describes the concept that enables non-bank platforms to access banking capabilities traditionally only offered by licensed banks.

article thumbnail

Fiserv CEO compensation rose last year to $28M

Payments Dive

Compensation for Fiserv CEO Frank Bisignano climbed 57% over 2022, as the value of stock awarded to him surged and he received a $3 million cash bonus.

158
158
article thumbnail

ECB preps DLT trials for wholesale central bank money settlement

Finextra

The European Central Bank has put together a host of participants for exploratory work on the use of distributed ledger technology to settle wholesale transactions in central bank money.

article thumbnail

Why JPMorgan’s chief data and analytics officer sits on operating committee

Bank Automation

JPMorgan Chase’s chief data and analytics officer sits within its operating committee to keep up with ongoing AI investment and implementation bankwide. Appointed in June 2023, Chief Data and Analytics Officer Teresa Heitsenrether serves on the $3.

AI 127
article thumbnail

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?

article thumbnail

Fintech representation in YC’s Demo Days is definitely shrinking

TechCrunch Fintech

Welcome to TechCrunch Fintech! This week, we’re looking at just how many fintech companies made it into Y Combinator’s Winter 2024 cohort, how much funding slid in the first quarter, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:00 a.m. PT, subscribe […] © 2024 TechCrunch.

FinTech 116
article thumbnail

Amazon debuts app for palm payment

Payments Dive

The Amazon One app can be used to enter various locations, identify individuals, pay for items and access loyalty rewards.

Payments 158
article thumbnail

Chips migrates to ISO 20022 message format

Finextra

The Clearing House's Chips private-sector high-value clearing and settlement system has migrated to the ISO 20022 messaging format.

ISO 20022 143
article thumbnail

3 criteria for innovation at Citigroup

Bank Automation

Financial institutions are looking to new technology, growing their innovation teams and investing in AI and generative AI. Citigroup goes beyond the technology when starting innovation projects, looking to its clients and existing capabilities. When the $1.

article thumbnail

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

article thumbnail

A Revival of Fintech Funding in 2024 is Just a Pipe Dream… Or is it?

The Fintech Times

Research from CB Insights , the business analytics platform, has revealed that global fintech funding in Q1’24 shows worrying trends for the rest of the year. Nonetheless, the industry has shown resilience and many still believe this to be the comeback year for fintech following 2023’s decline – we want to find out why. The research published indicates that since 2021, fintech funding has dropped considerably.

FinTech 115
article thumbnail

Digital wallets must take hold in B2B

Payments Dive

“Digital wallets, once primarily associated with consumer transactions, have now firmly established their presence in the B2B realm,” writes a Mastercard manager.

B2B 122
article thumbnail

Lloyds Bank cuts risk dept headcount

Finextra

UK high street bank Lloyds Bank is reducing the size of its risk management department because it is seen as a “blocker” to the bank’s “strategic transformation”.

Risk 122
article thumbnail

JPMorgan Chase invests in wholesale payments tech

Bank Automation

JPMorgan Chase is investing in innovation and technology within its wholesale payments operations amid rising demand for global payments capabilities. The $3.7 trillion bank is leaning into payment systems, Chief Financial Officer Jeremy Barnum said today during the bank’s first-quarter earnings call.

Payments 124
article thumbnail

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.

article thumbnail

How PayJoy built a $300M business by letting the underserved use their smartphones as collateral for loans

TechCrunch Fintech

Lerato Motloung is a mother of two who works in a supermarket in Johannesburg, South Africa. After her phone was stolen, Motloung had to go without a mobile phone for nine months because she could not afford a new one. Then, in February 2024, she saw a sign about PayJoy, a startup that offers lending […] © 2024 TechCrunch. All rights reserved.

article thumbnail

CFPB, DOJ boost teamwork on cases

Payments Dive

The bureau will refer “potentially criminal conduct,” including “anti-competitive mischief,” to the DOJ for action, CFPB Director Rohit Chopra said Monday.

CFPB 103
article thumbnail

CMA outlines competition concerns with AI Foundation Models

Finextra

The Competition and Markets Authority (CMA) has identified key risks to fair competition in AI Foundation Models (FMs), growing concerns as AI rapidly develops in the financial industry.

AI 116
article thumbnail

Truist parts ways with another CIO

Bank Automation

The shakeup at Truist Financial continues. Truist Financial Chief Information Officer Scott Case has left the Charlotte, N.C.-based bank, a source close to the matter told Bank Automation News. Case took on the role of CIO at Truist in December 2019, according to his LinkedIn profile. He joined Truist through the SunTrust–BB&T merger.

article thumbnail

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.

article thumbnail

Unmasking the Threat of Deepfake Scams in the Financial Sector of Asia

Fintech News

In the contemporary digital world, the proliferation of deepfake technology and generative AI heralds an era fraught with online scam challenges, notably within the financial sector in Asia. This burgeoning technology, characterized by its ability to create indistinguishably fraudulent audio and visual content, not only complicates the process of identity verification but also emboldens cybercriminals, precipitating substantial financial losses.

Deepfake 126
article thumbnail

Top Fintech Innovators Revealed: Fintech Awards London 2024 Shortlist Unveiled

The Fintech Times

The Fintech Awards London 2024 Shortlist has been revealed, unveiling the brightest stars in the dynamic world of financial technology. With an impressive array of nominees representing innovation, creativity and resilience, this year’s shortlist showcases the notable achievements shaping the future of finance. From disruptive startups to established industry leaders, the shortlisted companies have demonstrated dedication and ingenuity in shaking up the fintech sector.

FinTech 112
article thumbnail

EWA providers seek to steer state legislation

Payments Dive

Payactiv, DailyPay and other earned wage access providers teamed up in calling on the governor of Kansas to pass legislation similar to laws recently enacted in three other states.

Laws 97
article thumbnail

Podcast: Cloud migration ‘a must’ for FIs

Bank Automation

Financial institutions are prioritizing cloud migration as cost reduction and innovation continue to be top of mind. “We definitely see cloud migration as a must,” Rodrigo Silva, regional director for the Americas at Temenos, tells Bank Automation News on this episode of “The Buzz” podcast.

article thumbnail

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.

article thumbnail

Revolutionising Cross Border Payments in the APAC Ecosystem

Fintech News

In the Asia-Pacific (APAC) region, the economic growth narrative is interwoven with technological innovation, propelling the B2B payments market into new realms of possibility. With a valuation that leapt from US$478.23 billion in 2022 to a projected US$1.14 trillion by 2031, charting a CAGR of 10.4 percent, this market’s trajectory mirrors the region’s broader aspirations for economic integration and digital transformation.

article thumbnail

Afreximbank Joins Forces With Sterling Bank to Launch Supply Chain Finance Product in Nigeria

The Fintech Times

African Export-Import Bank (Afreximbank) has partnered with Nigeria-based financial institution Sterling Bank to launch its supply chain finance product ‘Payables Finance’ across Nigeria. Under this arrangement, Afreximbank will provide financing to corporates and banks in US Dollars and Euros, while Sterling Bank will manage financing in Nigeria.

Finance 111
article thumbnail

Lucinity’s AI-Powered Platform Delivers Innovations in Workflow Automation

Finovate

Regtech innovator Lucinity is starting to draw attention. The company, headquartered in Reykjavik, Iceland, made its Finovate debut last year at FinovateSpring in San Francisco. At the conference, Lucinity demonstrated its AI-enabled copilot, Luci , which enhances financial crime compliance via insight generation, report writing, and automation. The solution uses GenAI to streamline tasks for compliance professionals, enabling them to make informed, data-driven decisions and to address higher or

article thumbnail

Barclays invests in Funding Xchange

Finextra

Barclays has led a Series B financing round for Funding Xchange (FXE), a provider of white-label software for lenders to SMEs. The size of the round was not disclosed.

Finance 111
article thumbnail

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.