Sat.Jun 22, 2024 - Fri.Jun 28, 2024

article thumbnail

Securing Your Wealth: How Cybersecurity Affects Investment Decisions

VISTA InfoSec

The frequency and sophistication of cyber threats make cybersecurity a critical factor in any company. Therefore, investors should be more vigilant, recognizing that a company’s cybersecurity posture can significantly impact its financial health and stability. This article highlights the need for robust cybersecurity strategies and how these can determine investment decisions.

article thumbnail

Unlocking profit potential in the payments back-office 

Payments Next

By Kate Knudsen, Senior Program Director at BHMIAs the payments space changes rapidly, banks, merchants, and processors are updating front-end platforms to The post Unlocking profit potential in the payments back-office first appeared on Payments NEXT.

article thumbnail

Judge sways away from Visa-Mastercard settlement

Payments Dive

On Tuesday, Judge Margo Brodie denied a preliminary settlement proposal made by the card networks Visa and Mastercard, and merchants who sued them in federal court nearly two decades ago.

article thumbnail

De-banking in cross-border payments: Why the system needs reform

The Payments Association

Banks are de-banking payment providers, causing major disruptions in cross-border transactions and impacting financial inclusion

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

Barclays, HSBC and Nationwide customers hit by payment delays

Finextra

Thousands of Barclays, HSBC, Nationwide and Virgin Money customers have been hit by a payments problem that has seen some people not receiving their salaries.

Payments 144
article thumbnail

Podcast: Retail POS lending is an opportunity for lenders, Pagaya president says

Bank Automation

Point-of-sale financing as an alternative payment method is a growing opportunity for lenders, technology company Pagaya’s President Sanjiv Das says on this episode of “The Buzz” podcast. According to auto lender and Pagaya partner Ally Financial, POS financing is expected to reach a value of more than $81 billion by 2030.

More Trending

article thumbnail

Navigating the Challenges of the Digital Payments Landscape

The Payments Association

The digital payments landscape is evolving rapidly due to technological advancements and changing consumer preferences. Key challenges include ensuring payment security amidst increasing cyber threats, which necessitates the use of robust encryption, tokenization, and fraud detection systems. Simplifying complex payment processes through integrated solutions can enhance efficiency and reduce costs.

article thumbnail

Evolve Bank confirms data stolen by ransomware gang

Finextra

Days after claiming that it had hacked the US Federal Reserve, the Russia-linked LockBit ransomware gang has posted stolen customer data from Evolve Bank & Trust on the dark web.

article thumbnail

Qover Launches AI Solution to Settle Insurance Claims in Just Minutes of Approval

The Fintech Times

Claim settlements in the insurance industry can take a long time. Looking to reduce the wait time following approval to mere minutes, insurtech Qover is launching a new AI-enabled solution. The new AI solution will be overseen by Qover employees to ensure pain points in the insurance claims settlement journey are eased, as it looks to be easily integrated into any brand or risk carrier’s existing systems, the new service will improve the speed Traditional insurance experiences can often ha

AI 117
article thumbnail

Amex banks on spending at high-end restaurants

Payments Dive

Analysts say American Express wants to cash in on the restaurant industry’s success and give customers admission to hard-to-access premium experiences.

166
166
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

MUFG and Krungsri Finnovate Invests US$195 Million in Thailand’s Ascend Money

Fintech News

Mitsubishi UFJ Financial Group (MUFG) is leading a US$195 million investment in Thailand’s digital payment and financial service provider, Ascend Money , alongside Krungsri Finnovate. Ascend Money, backed by Thailand’s Charoen Pokphand Group, has 30 million active users and a strong presence in consumer payments and financial services. The company partners with major businesses like True Corp and 7-Eleven.

article thumbnail

Digital euro would maintain freedom to choose how Europeans pay - ECB

Finextra

With Europe inching towards the issuance of a digital euro, the ECB has embarked on a charm offensive, taking to media outlets across the continent to reassure citizens that the new payments option will compliment, not replace, cash and provide them with greater freedom of choice.

Payments 130
article thumbnail

Taiwan’s FinTechSpace and Bahrain FinTech Bay Forge New Fintech Alliance

The Fintech Times

FinTechSpace, backed by Taiwan’s Financial Supervisory Commission and co-funded by the Taiwan Financial Service Roundtable, has partnered with Bahrain FinTech Bay (BFB) to kick off a new era of fintech collaboration. The partnership aims to leverage Bahrain’s advanced digital infrastructure and regulatory frameworks to enhance fintech innovation and cooperation.

FinTech 110
article thumbnail

BNPL to shift toward larger-ticket expenses: CEO

Payments Dive

The short-term financing option, which already costs more than cards for merchants, will eventually retreat from daily purchases, Priority CEO Tom Priore predicted.

BNPL 158
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

Samsung Next Invests in Curve’s Differentiated Payment Features that Accelerate Digital Wallet Adoption

Fintech Finance

Curve , the leading digital wallet, today announced a strategic investment by Samsung Next. This new investment takes Curve’s total raised funds to over $250 million and will be used to further enhance its products and offerings to financial consumers. With digital wallets expected to comprise half of all e-commerce spending in the UK, worth an estimated £203.5 billion by 2027, competition in the digital wallet market is intensifying.

article thumbnail

Central banks must raise game in face of AI - BIS

Finextra

Central banks should embrace artificial intelligence to sharpen their analytical tools in pursuit of financial and price stability, according to the Bank for International Settlements.

article thumbnail

Snowblind Malware Emerges as Major Threat to Banking App Security

The Fintech Times

A dangerous new strain of malware has emerged, posing a severe threat to banking app users and leading to significant financial losses and fraud, cybersecurity experts have warned. Promon, a provider of mobile app security solutions, has named the first-of-its-kind malware ‘Snowblind’ It makes use of a novel attack vector, exploiting functionalities in the Android operating system to bypass anti-tampering mechanisms.

Security 110
article thumbnail

Bank of America zeroes in on banking app innovation

Payments Dive

The team behind the bank’s CashPro app aims to stay a step ahead of rivals, including with payment approval features.

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

The Hidden Catalyst to Scaling an e-Wallet that Serves 200 Million Users in Indonesia

Fintech News

DANA stands at the forefront of the rapidly evolving digital landscape of Indonesia, revolutionising the way people conduct financial transactions. Founded in 2018, DANA has swiftly become one of the nation’s leading e-wallet and payment services, boasting an impressive user base approaching 200 million in 2024. With a vision to create a cashless society in Southeast Asia’s largest economy and to empower millions with innovative financial services, as the ubiquitous digital payments service in I

Database 121
article thumbnail

Chase is the first bank in all lower 48 US states, what next?

Finextra

Andrea Principe, managing director – Northeast division director – consumer banking, Chase, took to the stage at Future Branches in Boston to explore how while the banking industry faces challenges in sustaining core deposits, deepening customer trust, and building relationships, it is important to learn from failures, reengage with customers, and provide exceptional in-person experiences.

Consumer 120
article thumbnail

Airwallex Launches Support Programme for Singapore’s Startup Community

The Fintech Times

Airwallex has introduced its ‘Airwallex for Startups’ programme in Singapore, targeting the city-state’s community of more than 55,000 startups. This initiative follows rollouts in Hong Kong and Australia and includes networking activities, mentorship opportunities with industry leaders and exclusive product offers. Startups can also apply to win Airwallex’s SG$10,000 Level-up Business Grant to fast-track their growth. “Startups are the backbone of innovation and progress

article thumbnail

Affirm may see payment volume bump from Apple Pay: Mizuho report

Payments Dive

The partnership is estimated to represent a $12 billion opportunity for buy now, pay later provider Affirm, according to an analyst note last week.

Volume 148
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

Vietnam’s BIDV Partners with OpenWay for Payment System Overhaul

Fintech News

Vietnam’s Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has announced a partnership with OpenWay , a payment technology provider, to replace its existing card management and payment systems. This initiative is a significant step in BIDV’s comprehensive digital transformation strategy. OpenWay’s Way4 digital payment software platform will be at the forefront of this upgrade, aimed at enhancing BIDV’s infrastructure and streamlining its operat

Payments 113
article thumbnail

US RegTech Norm Ai raises $27 million

Finextra

Norm Ai, a US RegTech that has built an AI platform for converting regulations into computer code, has raised $27 million in Series A funding from a host of financial institutions.

AI 115
article thumbnail

Profitability Holds the Key for Fintech’s Revival, Not Growth at All Costs

The Fintech Times

A few years ago, many fintech leaders saw ‘growth at all costs’ as the most important factor for their business to survive. After all, the fintech market was booming. In the wake of this hype though, many firms were forced to call it quits. Nonetheless, the industry remains resilient as between 2021 and 2023, fintech revenues grew by 14 per cent.

article thumbnail

Travelers want to use credit cards, but often can’t

Payments Dive

Spending by travelers and tourists is often done in cash or by debit card, even if most travelers would prefer to pay another way.

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

How Transaction Data Analysis Promotes Trust and Accountability in Lending

Finezza

As the lending industry becomes more competitive, transparency and accountability in decision-making are critical for a productive and long-term relationship between stakeholders. Customers want to make informed decisions and feel empowered when making a choice. In this scenario, transaction data analysis can strengthen the relationship between lenders and borrowers.

article thumbnail

MuchBetter launches 'free' contactless payments ring

Finextra

Wearable paytech provider MuchBetter has launched a contactless payments ring in Italy that is free - as long as users load it with €100 through the associated app.

article thumbnail

Solana Foundation Simplifies Blockchain Transactions with New Tools

The Fintech Times

The Solana Foundation has introduced two new developer tools, Solana Actions and blockchain links (blinks), to make blockchain transactions more accessible and seamlessly integrated into everyday digital platforms. Solana is a blockchain built for mass adoption, utilised for a range of use cases including finance, NFTs, payments, and gaming. Solana Actions enables users to execute onchain transactions across various platforms, such as websites, social media, and even physical QR codes.

article thumbnail

Vertical software platforms are closing the financing gap for SMBs

Payments Dive

Discover how vertical software platforms are stepping in to fulfill the financing needs of SMBs.

Finance 158
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.