More authentication leads to fewer approvals
Payments Dive
OCTOBER 15, 2024
Research from payments software firm Stripe shows credit and debit card transactions using an advanced security tool are less likely to be approved.
Sat.Oct 12, 2024 - Fri.Oct 18, 2024
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Payments’ Role in Combating E-commerce Fraud Growth
Payments Next
OCTOBER 16, 2024
Philip Plambeck, Senior Vice President, International, Computop For retailers, fraud is a serious issue they are actively trying to battle. And it’s The post Payments’ Role in Combating E-commerce Fraud Growth first appeared on Payments NEXT.
Cambodia Now Accepts QR Payments from International Travellers via Alipay+
Fintech News
OCTOBER 14, 2024
Cambodia has rolled out the integration of Alipay+ with its national QR code system, KHQR for seamless international payments. This launch enables users of 12 international payment apps, including Alipay, AlipayHK, GCash, and Touch ‘n Go, to pay at over one million merchants in Cambodia using KHQR, the country’s standardised QR code. More merchants are expected to be progressively added, further expanding payment accessibility in the country.
Monzo launches new premium plan as business customers surpass 500,000
Finextra
OCTOBER 16, 2024
With 500,000 businesses now on its books, digital challenger Monzo has launched a new subscription-based premium product plan, opening up a host of new services.
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
Walmart pitches Fiserv’s Clover to business clients
Payments Dive
OCTOBER 17, 2024
The retailer is offering the mega-processor’s Clover equipment and account services to its business clients at a discount through next January.
Concourse is building AI to automate financial tasks
TechCrunch Fintech
OCTOBER 15, 2024
In a typical organization, finance is one of the most important functions. Yet teams are often bogged down by manual workflows. According to a survey by Paylocity, an HR software provider, 38% of finance teams spend more than a fourth of their time on manual jobs, like reviewing invoices. Matthieu Hafemeister, an ex-fintech investor at […] © 2024 TechCrunch.
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U.S. Bank invests in branch modernization in Q3
Bank Automation
OCTOBER 16, 2024
U.S. Bank increased its technology spend in the third quarter to further digitalize capabilities within its branch network. “Our strategy focus is to create density in the highest growth areas within our current footprint, rather than use branches to expand out of our footprint,” U.S. Bank President Gunjan Kedia said during today’s Q3 earnings call. […] The post U.S.
BRI Partners with Nium to Expand Real-Time Cross-Border Payment Solutions
Fintech Finance
OCTOBER 18, 2024
Nium , the leading global infrastructure for real-time cross-border payments, is thrilled to announce a partnership with Bank Rakyat Indonesia (BRI) to provide Indonesian customers with real-time international money transfer capabilities. This collaboration aims to enhance the cross-border offerings for BRI’s individual and corporate customers, delivering more accessible and cost-effective financial services across Indonesia.
Payments investments rise worldwide
Payments Dive
OCTOBER 15, 2024
Although venture capital investment in young payments firms grew globally during the third quarter, compared with the same period last year, that wasn’t the case for U.S. firms.
Navigating the Fintech Frontier: Essential Risk Metrics Every Fintech Leader Must Know
The Fintech Times
OCTOBER 18, 2024
Risk management is a necessity in fintech, as well as a legal obligation. However, the depth and quality of this management can become a significant competitive advantage. As digital financial services continue to disrupt traditional banking models, fintech companies are increasingly operating across borders, facing complex regional regulations and diverse market conditions Olegs Cernisevs, CTO, Blackcatcard Doctor of Science and Blackcatcard CTO Olegs Cernisevs sheds light on the pivotal role o
15 Modern Use Cases for Enterprise Business Intelligence
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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?
Morgan Stanley gen AI exec Picariello to be fireside speaker at Bank Automation Summit U.S. 2025
Bank Automation
OCTOBER 16, 2024
Bank Automation News is pleased to announce Koren Picariello, an executive director at Morgan Stanley and head of generative AI strategy and execution for Morgan Stanley Wealth Management, will be featured in a fireside chat at Bank Automation Summit U.S. 2025 on Monday, March 3, at 10 a.m. CT. The summit takes place March 3-4 […] The post Morgan Stanley gen AI exec Picariello to be fireside speaker at Bank Automation Summit U.S. 2025 appeared first on Bank Automation News.
Tide and Adyen unite to enhance small businesses payments with Tap to Pay on iPhone
The Payments Association
OCTOBER 18, 2024
Tide, the UK’s leading business financial platform, has partnered with Adyen, the global financial technology platform of choice for leading businesses, to enable small businesses to accept in-person contactless payments using only an iPhone and the Tide iOS app. Tide is making Tap to Pay on iPhone available to all new and existing Tide merchants with an iPhone*.
Singapore Reports S$6.7 Million in Losses from Rising Gov’t Impersonation Scams
Fintech News
OCTOBER 14, 2024
The Singapore Police Force (SPF) and the Monetary Authority of Singapore (MAS) have issued a joint warning about a sharp increase in government impersonation scams. At least 100 cases reported and losses exceeding S$6.7 million in September 2024 alone. These scams involve fraudsters posing as bank officers, often from major banks like DBS, OCBC, UOB, or Standard Chartered, to deceive victims.
Scaling Up: How Challenger Banks Are Adapting to Stay in the Game
The Fintech Times
OCTOBER 12, 2024
Challenger banks have shaken up the financial industry, but with growth comes new challenges. As they scale, these digital-first banks are rethinking their strategies to stay competitive. To understand how these banks are navigating this change, we spoke with industry experts who reveal the key strategic adjustments helping them stay ahead. Speed and agility at the core Nida Sattar, product director for payments at Allica Bank Nida Sattar, product director for payments at Allica Bank , a busines
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
Citi reduces costs, invests in tech
Bank Automation
OCTOBER 15, 2024
Citi posted cost reductions in the third quarter as it benefits from ongoing simplification efforts. The $1.7 trillion bank’s total operating expenses clocked in at $13.3 billion, down 2% year over year, according to the bank’s Q3 2024 earnings supplement. The bank’s technology spend, however, increased 1% YoY to $2.3 billion. The savings were driven […] The post Citi reduces costs, invests in tech appeared first on Bank Automation News.
Discover what 200 board members think about today’s boardroom
The Payments Association
OCTOBER 17, 2024
‘Navigating a new era for the non-executive director’ is now available to download. The report is based on the insights of 200 UK board members surveyed in May this year. BDO undertook this research in partnership with executive search firm Norman Broadbent to explore the realities of the NED role today. Key research findings. The most valued NEDs are strategic thinkers with strong industry expertise 25% say they need more NEDs, but 98% say their board struggles to attract the right
Insurtech Firm Qoala Cuts Losses by 36% as Revenue More Than Doubles in 2023
Fintech News
OCTOBER 13, 2024
Southeast Asian insurtech platform Qoala reported a 36% reduction in net losses for 2023, according to its latest regulatory filings accessed by DealStreetAsia. The Indonesia-based company recorded a net loss of US$14.3 million for the year ending 31 December 2023. Qoala, which provides various insurance products, including health, life, and travel coverage, saw its revenue more than double in 2023, increasing by 144.5% to reach nearly US$18 million.
Premier Bank, Mastercard, and Tappy Technologies Launch Tokenization-Passive Payment Wearables, Revolutionizing the Future of Payments
Fintech Finance
OCTOBER 17, 2024
Premier Bank , in collaboration with Mastercard and Tappy Technologies , has launched Tap2Pay, making Premier Bank the first Somali Bank in Africa to launch tokenized-passive payment wearables. This solution marks a major milestone in the continent’s payment ecosystem, introducing secure, contactless transactions through cutting-edge wearable technology.
Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio
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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.
Revolut tops fraud leaderboard by a country mile
Finextra
OCTOBER 15, 2024
The BBC has found that Revolut was named in more reports of fraud in the last financial year than any of the major High Street banks.
PayPal drops fundraiser tool on app
Payments Dive
OCTOBER 18, 2024
The payments pioneer is discontinuing a program through which app users could post fundraising drives, often for personal needs. Other options for donating will remain.
Northern Ireland Fintech Leaders Set Sights on Singapore
Fintech News
OCTOBER 14, 2024
Ahead of the 2024 Singapore Fintech Festival (SFF) , a delegation of seven innovative tech companies from Ireland and Northern Ireland will be heading to Singapore for a trade mission from November 04 to 08, 2024. This mission, led by economic development agencies Invest Northern Ireland and Enterprise Ireland, aims to provide promising Irish companies with the opportunity to explore market opportunities in Singapore, make new business connections and grow their exports.
Macro Global and Trust Payments Expand Strategic Partnership to Offer Transformative Cross-border Payment Experience
Fintech Finance
OCTOBER 16, 2024
Macro Global , a leading global FinTech company, today announced a strategic partnership with Trust Payments , a leader in payments powering truly innovative customer-centric commerce solutions worldwide, which will make it simpler for cardholders to send money anywhere. This collaboration brings together Macro Global’s expertise in cross-border payments technology with Trust Payments’ cutting-edge acquiring solution and the TRU Connect Payment Gateway , delivering a superior customer experience
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.
Avoiding Hallucinations: Using Confidence Scores to Trust Your LLM
Nanonets
OCTOBER 18, 2024
Introduction Large Language Models (LLMs), no matter how advanced or powerful, fundamentally operate as next-token predictors. One well-known limitation of these models is their tendency to hallucinate, generating information that may sound plausible but is factually incorrect. In this blog, we will - dive into the concept of hallucinations, explore the different types of hallucinations that can occur, understand why they arise in the first place, discuss how to detect and assess when a model is
PLAY Partners With TapNation to Introduce Millions to Web3 Through Mobile Games
The Fintech Times
OCTOBER 18, 2024
PLAY , a platform integrating Web3 technologies into gaming, has partnered with TapNation, in a move hoping to bring mobile games to the forefront of the Web3 movement. Through the new partnership, PLAY plans to expand its ecosystem by integrating blockchain features into popular TapNation mobile games. With 60 million monthly active users and 1.4 billion downloads across over 50 games, TapNation plans to deliver Web3-powered features using PLAY’s Software Development Kit (SDK).
Singapore Fintech Festival 2024: Highlights, Top Speakers and Must-Attend Sessions
Fintech News
OCTOBER 16, 2024
The Singapore Fintech Festival (SFF) 2024 is returning for its 9th edition from 6 to 8 November, with the Insights Forum taking place beforehand on 4 and 5 November. Building on its success in 2023, which attracted over 66,000 participants from 150 countries, SFF 2024 will feature a distinguished lineup of global central bankers, regulators, industry leaders, entrepreneurs, investors, innovators, and influencers.
BVNK and Circle Partner to Expand USDC Utility for Global Business Payments
Fintech Finance
OCTOBER 17, 2024
BVNK , the payments infrastructure provider, and Circle , a global financial technology firm, today announced a partnership aimed at accelerating the utility of USDC for BVNK’s global customer base. BVNK will integrate USDC more deeply into its payment offerings, enabling businesses to leverage USDC’s speed and stability for a variety of payment use cases.
Enhance Customer Value: Unleash Your Data’s Potential
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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.
Yield Farming and Liquidity Mining: Assessing Risks and Rewards
Fintech Review
OCTOBER 16, 2024
Yield farming and liquidity mining have become key components of the decentralised finance ( DeFi ) ecosystem. These strategies allow crypto holders to earn passive income by lending or staking their assets. While the potential returns are attractive, the risks involved can be significant. At Fintech Review we explore yield farming and liquidity mining, analysing the rewards and inherent risks associated with these strategies.
Can Financial Institutions Keep Up with the $33 Billion Fraud Surge?
Finextra
OCTOBER 15, 2024
Reflecting on insights from last month’s Visa Payments Forum, Tareq Muhmood, SVP, Value Added Services, Europe, Visa, addresses the dramatic rise in global fraud—from $800 million in the early '90s to $33 billion in 2023. As financial institutions grapple with the increasing complexity of fraud in the digital age, the need for adopting advanced technologies like AI and real-time data analysis becomes clear.
BIS Introduces Project Aperta for Secure Cross-Border Data Sharing in Finance
Fintech News
OCTOBER 17, 2024
The Bank for International Settlements (BIS) has launched Project Aperta , an initiative aimed at improving open finance interoperability, reducing frictions, and cutting costs in global finance. The project focuses on connecting the domestic open finance infrastructures of different jurisdictions, enabling secure, encrypted data sharing via APIs. Initially, it will focus on trade finance for SMEs, targeting products like letters of credit, trade credit insurance, and supply chain financing, wit
The Digital Lending Revolution: Startups vs. Big Banks
Finezza
OCTOBER 14, 2024
Despite their best efforts, established banks often suffer from manual approaches and outdated processes. Vis-a-vis modern customer expectations of a quick approval time and flexible digital lending, these barriers usually force borrowers to seek alternate solutions. Fintech startups and lending businesses aim to close this exact gap. But the question is, how well-stacked are the […] The post The Digital Lending Revolution: Startups vs.
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.
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