VISTA InfoSec

JULY 1, 2024

American chip giant Advanced Micro Devices, Inc. (AMD) announced that it has launched a probe of a data breach carried out by a cybercriminal group called Intelbroker that led to several private documents and information being stolen which occurred early this month. In a statement to media outlets, the company spokesperson said that it is working closely with the authorities and a third-party hosting partner to investigate the impact of the breach.

CHIPS 257

CHIPS Cybersecurity Data Breach Breach 257

Payments Dive

JULY 2, 2024

Research from the investment bank Jefferies suggests generative artificial intelligence could be used in the payments industry to improve fraud detection and make transactions happen faster.

Fraud Detection 178

Fraud Detection AI Payments Research 178

Fintech News

JUNE 30, 2024

Nearly three-quarters of banks globally continue to run on legacy core banking systems, which fail to deliver on transformation goals. However, new reports by the International Data Corporation (IDC), commissioned by Thought Machine, reveal that 98% of banks are planning to upgrade their core banking systems to accelerate digital transformation within the next three years.

On-Demand 144

On-Demand Innovation Product Risk 144

The Fintech Times

JUNE 29, 2024

The first stage of the European Union ‘s Markets in Crypto Assets Regulation (MiCA) will come into play on 30 June. However, a new report by Acuiti , the management intelligence platform, and conducted by Eventus , the trade surveillance software provider, has found that a move to establish market surveillance systems is underway as firms find themselves underprepared.

Stablecoins 138

Stablecoins Regulations Compliance Cryptocurrency 138

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

Bank Automation

JULY 5, 2024

ConnectOne Bank built its own data lake and data warehouse in-house to allow for access to insights for all departments. One of the first assignments for the $9.8 billion Englewood Cliffs, N.J.

Technology 132

Technology 132

Payments Dive

JULY 3, 2024

The Consumer Financial Protection Bureau has long wanted buy now, pay later loans to be listed on consumer’s credit reports. So why didn’t it include that in a March rule for the industry?

BNPL 151

BNPL Rules Consumer 151

Fintech News

JULY 2, 2024

The International Finance Corporation (IFC) , a member of the World Bank Group, is evaluating a US$150 million loan package for KB Finansia Multi Finance (FMF) in Indonesia and KB J Capital (KBJ) in Thailand. According to a disclosure accessed by DealStreetAsia , the financing will include an A loan of up to US$75 million in Indonesian rupiah equivalent for FMF, partially guaranteed by KB Kookmin Card Co (KBC), and another US$25 million loan without a guarantee.

Card Issuer 115

Card Issuer Finance Issuers Credit Cards 115

Bank Automation

JULY 1, 2024

Data insights company S&P Global is developing internal- and external-facing generative AI tools to boost efficiencies — and it hopes to monetize the technology by offering it to customers.

AI 129

AI Technology 129

Payments Dive

JULY 3, 2024

The tech company, whose tools are used by numerous stores, cut employees in its sales, engineering, professional services, data and product management teams last week.

Product 148

Product 148

Finextra

JULY 1, 2024

Monzo has introduced a trio of security controls to help customers diminish the prospect of fraudulent payments out of their accounts from phone theft, shoulder surfing or impersonation scams.

Scams 119

Scams Accounts Security Payments 119

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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?

Use Case

Fintech News

JUNE 30, 2024

The Monetary Authority of Singapore (MAS) , alongside international financial institutions, has successfully completed the first phase of the Global Layer 1 (GL1) initiative. The regulator is now focusing on developing standards, market practices, and governing principles for digital infrastructure supporting tokenised assets. The MAS Global Layer 1 initiative includes partnerships with global industry associations and financial institutions to develop common standards in fixed income, foreign e

Central Bank 115

Central Bank Non-Bank Risk Participant 115

Tearsheet

JULY 1, 2024

The evolution in payment technologies and experiences is directly impacted by changes in consumer preferences, particularly among younger generations. To explore these changes and their potential impact on businesses, I spoke with Thomas Priore – CEO, Priority , a company specializing in integrated payments and banking solutions. Thomas Priore – CEO, Priority This interview covers several key areas of interest in the payment landscape.

BNPL 105

BNPL Online and Mobile Banking Encryption Payments 105

Payments Dive

JULY 1, 2024

A proposed Visa-Mastercard settlement failed partly because a judge overseeing the case determined large merchants wouldn’t benefit as much as smaller merchants.

Settlement 147

Settlement Visa Large Merchants 147

Finextra

JULY 1, 2024

BlackRock is to acquire private market data firm Preqin for £2.55 billion in an all-cash deal expected to close before year end.

Acquirers 121

Acquirers 121

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

Fintech News

JUNE 30, 2024

Silverlake Axis, a Singapore Mainboard-listed provider of enterprise and digital financial services solutions, has announced that Cassandra Goh Shiou Ling will assume the role of Group CEO. Effective 1 July 2024, Goh succeeds Andrew Tan Teik Wei, marking an earlier-than-expected transition. Goh was expected to take on the Group CEO role in 2025. Goh aims to continue the growth trajectory set by her predecessor, Andrew Tan, who will remain with the company to provide strategic guidance until 31 D

Continuity 112

Continuity Innovation FinTech Posting 112

The Fintech Times

JULY 3, 2024

With the next general election imminent in the UK, reports suggest that the Labour Party have drafted plans to force tech firms to reimburse victims of fraud originating on their platforms, in an effort to combat the growing threat of authorised push payment (APP) fraud. Polls indicating voting intention across the UK continue to suggest opposition party Labour is far out in the lead just one day before voters submit their ballot sheets.

Scams 105

Scams Financial Crimes Due Diligence Crime 105

Payments Dive

JULY 1, 2024

Research from online payments processor Stripe found that providing BNPL increases the average size and total number of sales.

BNPL 157

BNPL Processors Research Payments 157

Finextra

JULY 1, 2024

Join FinextraTV at the Temenos Community Forum 2024 as William Moroney, President International, Temenos and Izzidin AbuSalameh, Group COO, Capital Bank of Jordan, speak about the biggest challenges facing the banking industry today. Despite substantial progression over the last two decades, the pair explore how customer intimacy through digital interactions must be prioritised as the sector is moving towards reducing branches.

AI 104

AI Technology 104

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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.

Payments

Fintech News

JULY 3, 2024

The Siam Commercial Bank (SCB) is set to modernise its core banking system through a new partnership with Sunline , a global provider of banking technology services. This is said to be SCB’s first IT architecture revamp in over a decade. This collaboration aims to enhance SCB’s IT architecture, improving financial transaction processing for deposits and loans with better efficiency, stability, security, and scalability to meet increasing transaction volumes.

Transactions 116

Transactions Volume Technology Security 116

BlueSnap

JULY 2, 2024

Choosing a white-label payment platform to power embedded payments lets software companies own seamless, branded payment solutions for their clients without having to take on the full responsibility for payments. However, selecting a platform with global capabilities can play an instrumental role in your success and growth in the payment business. The post How Global White-Label Payment Platforms Help Grow Embedded Payments Revenue appeared first on BlueSnap.

Embedded Payments 103

Embedded Payments Payments Payment Solutions Posting 103

Fintech Finance

JULY 2, 2024

Klarna , the AI-powered global payments network and shopping assistant, today announced it’s partnered with Adobe Commerce to enable merchants to easily implement Klarna’s Buy Now Pay Later (BNPL) services, along with other flexible payment options. This allows Klarna to expand payment flexibility to consumers. “Our relationship with Adobe Commerce offers thousands of merchants a flexible, seamless, and smooth way to accept payments,” said Erin Jaeger, Head of North America at Klarna.

BNPL 110

BNPL Payments Payment Networks AI 110

Finextra

JULY 1, 2024

snappi, the pioneering Greek neobank, announces that it has received a universal banking license from the European Central Bank (ECB), following the proposal of the Bank of Greece.

Central Bank 98

Central Bank 98

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 News

JULY 1, 2024

Ant International has acquired Amsterdam-based payment service provider MultiSafepay, integrating it into its Antom division, a payment and digitisation services provider. The financial details of the deal was not disclosed. The acquisition aims to enhance payment solutions and digital services for small and medium-sized enterprises (SMEs) across Europe.

Acquirers 111

Acquirers Payments Payment Solutions Small Business 111

Bank Automation

JULY 2, 2024

Robert Schulze, head of pricing and risk model infrastructure at UniCredit Bank, will speak at Bank Automation Summit Europe 2024 about AI in financial services. The summit takes place Oct. 7-8 at Hilton Frankfurt in Frankfurt, Germany, bringing together industry experts to discuss banking automation, AI, regulation, payments and more.

Automation 98

Automation AI Regulations Risk 98

Fintech Finance

JULY 2, 2024

Leading financial services business Cardstream has announced its partnership with Mastercard to roll out its new Click to Pay service to Cardstream customers globally. Click to Pay gives merchants the option to benefit from an embedded and optimised checkout within existing integrations. This removes the requirements for manual card detail entry and improves the guest checkout experience as consumers can store and handle their cards in a single profile, which is updated automatically.

Visa 105

Visa Contactless Payments Ubiquitous Technology 105

Fintech Review

JULY 2, 2024

Regulatory Technology, or RegTech, has emerged as a crucial ally for financial institutions navigating the intricate landscape of compliance. In 2024, advancements in RegTech are revolutionizing how firms manage regulatory requirements, leveraging innovations such as AI-driven monitoring and big data analytics to enhance efficiency and transparency.

Compliance 98

Compliance Regulatory Compliance AI Interoperability 98

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Fintech News

JULY 3, 2024

The Bank for International Settlements (BIS) and its partners have revealed the comprehensive blueprint for phase three of Project Nexus, which seeks to address longstanding challenges in international money transfers by leveraging the power of domestic instant payment systems (IPS). The ambitious initiative is targeting to transform cross-border payments in Southeast Asia (ASEAN) initially, before the broader Asia Pacific (APAC) region and, eventually, the world.

Cross-Border Payments 110

Cross-Border Payments Cross-Border Instant Payments Central Bank 110

Finextra

JULY 2, 2024

Money transfer fintech Wise says some of its customers may have been caught up in the recent hack on Evolve Bank & Trust.

FinTech 116

FinTech 116

Fintech Finance

JULY 3, 2024

Pleo , one of Europe’s leading spend management platforms, is celebrating another year of triple digit SaaS growth, leading to group revenue increase of over 50% for FY23. This growth was fuelled largely by a surge in its customer base up 39% from the previous year, reaching to date, over 33,000 active companies. The number of active users also saw an increase of 37% compared year on year.

Multi-Currency 104

Multi-Currency Finance Continuity Facilitators 104

Payments Dive

JULY 1, 2024

The Supreme Court ruled Monday that a case challenging a debit card interchange rate set by the Federal Reserve can proceed.

Federal Reserve 103

Federal Reserve Debit Card Rules 103

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