Sat.Feb 17, 2024 - Fri.Feb 23, 2024

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Mastercard to be dinged by Discover deal

Payments Dive

While both Mastercard and Visa will be impacted by Discover Financial Services’ plan to be acquired by card issuer Capital One, the former is likely to bear the brunt of the blow.

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Singapore warns banks to prepare for quantum computing cyber threat

Finextra

The Monetary Authority of Singapore has told the country's financial institutions to make sure they are prepared for the rising cybersecurity risks posed by quantum computing.

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What Impact Is AI Going to Have on Cross Border Payments Security?

The Fintech Times

Payments are arguably the face of fintech. When you think about financial technology, it is easy to think about solutions which are making payments faster, easier and more accessible. In January 2024, we focused on generative artificial intelligence (AI) and how it has emerged onto the fintech scene following its boom in 2023. Artificial intelligence has many uses, and while it can be used for good, it can also be abused by bad actors.

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Envestnet data and analytics revenue falls 7% YoY

Bank Automation

Envestnet data and analytics revenue fell during its fiscal fourth quarter amid rumblings in December of a Yodlee sale. The wealthtech giant’s data and analytics revenue fell 7% year over year to $38.6 million during the quarter, according to its earnings presentation.

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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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Capital One to acquire Discover in $35.3B deal

Payments Dive

The transaction would give a big boost to a bank well-known for its credit card component, yet lend regulatory gravitas and investment dollars to a struggling card network.

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Tap, click and pay: how digital payments seize the day

Finextra

The use of digital payments around the world continued to grow in 2022, while the number of cash withdrawals and small-denomination banknotes declined, according to BIS figures.

More Trending

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Gen Z’s impact on credit is bigger than you may think

Tearsheet

Simon Khalaf is CEO of Marqeta. Gen Z has completely changed the narrative for many aspects of our society, including how they approach work and communication – as I know well, thanks to my own teenage daughter teaching me an entirely new vocabulary. Gen Z has also made a profound impact on the financial landscape so far. Contrary to common stereotypes, Gen Z exhibits a high level of fiscal responsibility and aversion to accumulating debt.

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CFPB may take legal action against Block

Payments Dive

The bureau has informed the digital payment company it’s weighing legal action related to a Cash App probe.

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Digitisation is a priority for ESG initiatives – Paymentology

Finextra

ESG has a new meaning in 2024, with more and more financial institutions becoming increasingly transparent in their sustainable principles, and governments pushing harder for green regulation within the industry.

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Biometrics are UK Consumers’ Favourite Security Measure as Desire For Fraud Protection Increases

The Fintech Times

The need and desire for fraud protection has evolved. Once simply viewed as a necessary overhead, good fraud prevention measures are now a very strong way of obtaining new customers and keeping existing ones. In fact, nearly three in four consumers (73 per cent) rank good fraud protection as a top three consideration when opening a new account according to FICO research.

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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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Security in Payment Processing: Protecting Your Business and Your Customers

National Processing

Secure payment processing is more vital than ever, and for reasons most people don’t realize. The main reason— security issues cost businesses their reputation. This lowers trust and causes them to lose customers, which are hard to replace, as any business owner knows. Studies have long shown that selling to existing customers is much […] The post Security in Payment Processing: Protecting Your Business and Your Customers appeared first on National Processing.

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OCC’s Hsu calls for federal payments licensing

Payments Dive

The head of the OCC called on Congress to replace the current state-by-state money transmitter licensing system for payments companies with a federal regulatory framework.

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Fintech firm Revenir AI pioneers hassle-free mobile VAT reclaim for travellers

Finextra

UK fintech startup Revenir AI has developed a white label app for banks to help travellers claim back VAT on purchases made abroad automatically using their phones.

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NatWest and Cogo Remove Complexity in Carbon Disclosure Process for SMEs

The Fintech Times

Despite many SMEs understanding the importance of green initiatives, and being aware of the current climate crisis and the impact they are having, many feel they do not have the skills necessary to make a difference. To ease these concerns, NatWest , the UK bank, has joined forces with Cogo , the carbon management platform, to build a carbon literacy toolkit.

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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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Facing Challenges: Credit Unions Struggle with Earnings

Payments Next

By Douglas Hall, Founder & CEO, EQUE 2023 proved challenging for US credit unions. As the economic landscape shifted, these financial institutions The post Facing Challenges: Credit Unions Struggle with Earnings first appeared on Payments NEXT.

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Top Funded Fintech Startups in Indonesia in Early 2024

Fintech News

Who are the top funded fintech startups in Indonesia as of early 2024? With a rapidly growing economy and a tech-savvy population, Indonesia has become a hotbed for fintech innovation and startups, peering into the most well-funded fintech startups in ASEAN’s largest country can provide hints on what verticals investors are most bullish on in this region.

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Frankfurt wins race to host new EU anti-money laundering agency

Finextra

Frankfurt has won the race to host the EU's new Anti-Money Laundering Authority (AMLA), beating out competition from eight other cities, including Dublin, Madrid and Paris.

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CRIF Unveils its ESG Analytics Solution to Help FIs Access Sustainability Data

Finovate

European consumer and business credit data provider CRIF launched its ESG Analytics solution this week. The technology will give banks and financial institutions in the U.K. the ability to quickly and accurately assess the environmental, social, and governance (ESG) profiles of their U.K. and Europe-based suppliers, partners, and customers. ESG Analytics draws on more than 130 key indicators from data sources in the U.K. and Europe.

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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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Mastercard Backs Growing Philippines Gaming Market With New Atome Partnership

The Fintech Times

Atome , the digital financial services platform for Southeast Asia, is partnering with payments giant Mastercard , helping Atome cardholders in the Philippines convert rewards points into gaming credits via the ‘Mastercard Gamer Xchange’ (MGX). MGX, a new turnkey solution, facilitates a convenient exchange to help consumers convert their Atome reward points into gaming credits across nearly 4,000 of the world’s most popular gaming titles.

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Three Singapore Banks Step Up to Combat Rising Cost of Living for Junior Staff

Fintech News

Three of Singapore’s leading banks have announced substantial financial aid packages in a move to support junior employees during times of economic inflation. This initiative, kick-started by DBS, followed by OCBC, and then UOB, is in response to the latest guidelines issued by Singapore’s National Wages Council. The aim is to alleviate the financial pressures faced by lower-income employees due to the rising cost of living.

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Zilch launches 'Pay over 3 months' BNPL product

Finextra

UK buy now, pay later firm Zilch has expanded its consumer credit offering with the launch of a longer-duration zero-interest payment option designed for bigger ticket purchases abaove £75.

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Capital One-Discover deal may spark antitrust concern

Payments Dive

While the $35 billion acquisition is expected to prompt antitrust concerns related to consumer card lending, regulators may see competition benefits in the card network arena.

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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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Opt Out: Wise Calls for Government Action to End Hidden Fees Impacting UK SMBs

The Fintech Times

UK small and medium-sized businesses (SMBs) lost a whopping £2.8billion in hidden international banking fees last year, according to Wise, the international money transfer company. This substantial loss is deterring a significant portion of SMBs from venturing into new markets, with over a quarter citing the exorbitant cost of international banking services as a major obstacle.

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Sumsub to Showcase Digital Identity Verification Solutions at Seamless Asia

Fintech News

Singapore is one of the world’s leading hubs for fintech innovation. But with innovation comes risk – especially around identity verification and fraud prevention. That’s why forward-thinking payment platforms like dtcpay rely on partners like Sumsub. By implementing Sumsub’s no-code identity verification platform, dtcpay simplified Know Your Client (KYC) and onboarding to provide a smooth, secure user experience.

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Banks "barking up the wrong tree" over CBDC depsit flight says ECB

Finextra

The European Central Bank says banks are "barking up the wrong tree" when they fret over the impact of deposit flight from a future digital euro, arguing instead that stablecoins and electronic money institutions pose more of a threat to the deposit base.

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Cross-border payments remain focus for Fed

Payments Dive

Tools that “automate processes, reduce costs and promote effective safeguards across jurisdictions” may help improve cross-border payments, a Federal Reserve official said last week.

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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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Novia Global Lands in UAE Receiving Licence from DFSA

The Fintech Times

Novia Global provides a platform service for advisers, private banks, trust companies and their clients. Already authorised and regulated in the UK by the Financial Conduct Authority (FCA), the company is now expanding to the UAE. Novia Global has received a licence from the Dubai Financial Services Authority (DFSA), enabling it to set up an office in the Dubai International Financial Centre (DIFC).

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OpenWay Earns Top 5 Spot in Juniper Research’s Digital Wallet Solutions Ranking

Fintech News

Global payments software provider OpenWay , renowned for its Way4 platform , has been recognised by Juniper Research as a top-five market leader in digital wallet solutions. This underscores OpenWay’s role in enabling financial institutions, including banks, processors, and fintechs, to establish extensive payment ecosystems that comply with PCI standards, offering both card and wallet services with a wide array of functionalities.

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TerraPay partners with Diamond Trust Bank Uganda

Finextra

TerraPay, a leading global cross-border payments network company, and Diamond Trust Bank Uganda (DTBU), a prominent member of the Diamond Trust Bank Group, today, announced a strategic partnership to expand international money transfers and strengthen financial inclusion in Uganda. Together, both firms will deliver unparalleled benefits to customers worldwide.

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Capital One-Discover deal carries $1.38B termination fee

Payments Dive

The fee would apply if Discover chooses another buyer or if either board has a change of heart, but not if regulators block the deal.

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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.