Sat.Dec 02, 2023 - Fri.Dec 08, 2023

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Navigating the embedded finance revolution: Strategies for simplifying legacy bank technology

Payments Next

By Michael Engel, Managing Director & VP Software | Banking, Diebold Nixdorf The race to seamlessly integrate financial services into everyday consumer The post Navigating the embedded finance revolution: Strategies for simplifying legacy bank technology first appeared on Payments NEXT.

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Durbin bashes United Airlines in CCCA fight

Payments Dive

Sen. Dick Durbin took to the Senate floor Thursday to push for a vote on the Credit Card Competition Act, taking a swipe at United Airlines along the way.

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AI In Europe: What The AI Act Might Mean

Fintech Weekly

AI regulation might prevent the European Union from competing with the US and China.

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Singapore and China to Begin e-CNY Pilot, Explore Cross-Border Payment Linkage

Fintech News

Singapore and China have agreed to collaborate on a pilot programme that uses the e-CNY, China’s central bank digital currency (CBDC), for cross-border transactions. This programme is designed to ease payments for travelers from both countries during their overseas visits. This pilot programme is part of a series of initiatives announced following the 19th Joint Council for Bilateral Cooperation (JCBC) in Tianjin.

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Future-Proofing Enterprise Commerce: Why Extensibility Wins with Shopify

Speaker: Benjamin Woll

Enterprise commerce is evolving fast, and brands relying on rigid, one-size-fits-all solutions risk losing agility. But modernization doesn’t have to mean disruption. In this webinar, we’ll explore how an extensible, modular approach empowers brands to integrate new capabilities, enhance performance, and scale efficiently—all while leveraging Shopify’s strengths.

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Fintechs go shopping

TechCrunch Fintech

Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! We’re back and making up for lost time after taking off for Thanksgiving. Here we go! Webull, Yieldstreet and NomuPay […] © 2023 TechCrunch.

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Addressing Threat Prioritization Challenges Within the Financial Payments Industry

Fintech Weekly

At the recent Payment Card Industry Security Standards Council (PCI SSC) Community Meetings in North America and Europe, the premiere conference for everything related to the payment card and financial payment industry, several topics were top of mind for participants and attendees. For instance, many discussions around emerging payment technologies ease assessment across various PCI standards, as well as conversations about the challenges businesses and assessors face in implementing ongoing ch

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What ChatGPT Got Wrong about Top 5 Fintech Trends of 2024

Finovate

I’ve received dozens of 2024 fintech trends prediction pitches in my email inbox over the past month. And while many of them are insightful, I wanted to see what our AI overlord ChatGPT had to say about the matter. My prompt read, “What are your predictions for the top five newest and hottest trends in fintech for 2024?” Here is how the AI responded: Predicting the exact trends for 2024 is speculative, but here are potential emerging trends in fintech: Embedded Finance : Furthe

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FPC 2024 Fall Member Meeting

Faster Payments Council

Save the date for the FPC Fall 2024 Member Meeting taking place in Denver, CO on September 30-October 1 at the Denver Hyatt Regency Convention Center Hotel.

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Amex CEO weighs in on Apple card reports

Payments Dive

The card issuer’s premium designation isn’t compatible with all potential card issuing partners, Amex CEO Steve Squeri said Tuesday.

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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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Indian food delivery service promotes online ordering with an NFC coaster

NFCW

SNACKSTATION: The coaster’s NFC tag and QR code give customers access to a new snack menu Bangalore-based food delivery service Swiggy Instamart in India has launched a promotional drinks coaster equipped with NFC and a QR code that enables consumers to access a selection of snacks and beverages by tapping or scanning it with their mobile device.

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How Financial Institutions?Can Navigate the ‘Operational Resilience' imperative

Finextra

Whether your source of news is the FT, the BBC or the Daily Mail, headlines of data related business.

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Airwallex Taps Generative AI to Speed Up KYC, Reduces False Positives by 50%

Fintech News

Payments company Airwallex has introduced a generative AI tool to improve its customer onboarding process. The new tool, which utilises large language models (LLMs), aims to expedite the company’s “Know Your Customer” (KYC) assessments. According to Airwallex, the introduction of this generative AI technology has led to a 50 percent decrease in false-positive alerts during the KYC due diligence phase.

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Tipalti investigating ransomware attack

Payments Dive

The AlphV ransomware group claimed responsibility for the attack on Saturday and threatened to extort the business payments company's customers with allegedly stolen data.

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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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Luxury brand uses RFID tags and QR codes to link perfumes to digital twins

NFCW

ENGAGEMENT: QR codes enable customers to access information about the perfumes and their authenticity French brand Bastille Parfums has added RFID tags and QR codes to bottles of its luxury perfumes to enhance supply chain traceability, product tracking, fraud prevention and customer engagement by linking individual products to a unique cloud-based digital twin.

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Cash usage grow for first time in a decade

Finextra

Cash usage in the UK has grown for the first time in a decade as consumers shy away from overspending on plastic payment cards during the ongoing cost of living crisis.

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Beyond Onboarding: Maximising Customer Value through Risk Decisioning in APAC

Fintech News

Discussions about risk decisioning platforms often center around onboarding and loan origination. However, investing at the start of the journey is just one aspect of the puzzle. Growth relies not only on attracting new customers but also on maximising the value of existing ones. While sophisticated, automated onboarding/origination solutions are crucial, it’s equally vital to focus on the tools used for the entire decision-making process.

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Breaking down payments challenges: Fintechs vs traditional finance

Payments Dive

Leaders are confronting growing challenges across their payment operations.

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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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Lloyds Bank adds NFC passport scanning to mobile banking app

NFCW

ID CHECK: Customers scan their passport’s NFC chip to verify their identity when opening an account ID CHECK: Customers scan their passport’s NFC chip to verify their identity when opening an account ID CHECK: Customers scan their passport’s NFC chip to verify their identity when opening an account UK consumers applying to open an account with Lloyds Bank via the bank’s mobile app can now verify their identity and upload key personal data to support their application by scannin

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Samsung pushes mobile wallet take-up with Mastercard partnership

Finextra

Samsung is joining Mastercard's new Wallet Express programme, making it easier for banks and card issuers in the UK to offer their customers the electronic giant's own multi-faceted mobile wallet offering.

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Global ESG Fintech Investment Expected to Exceed US$ 100 Billion This Decade

Fintech News

Despite high-interest rates, plunging fintech valuations, and a slowdown in external deal activity, the environmental, social and governance (ESG) fintech sector is proving resilient and continuing to thrive as evidenced by the ESG fintech investment reaching an all-time high just recently. This is spurred by the urgent imperative to transition to a low-carbon emission model and commitment of large corporations to ESG standards, a new report by KPMG in Singapore and the Monetary Authority of Sin

FinTech 114
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Request for Comments: Draft PCI 3DS Core Security Standard v2.0 and Draft PCI 3DS Data Matrix v2.0

PCI Security Standards

From 6 December to 19 January 2024, eligible stakeholders are invited to review and provide feedback on the draft PCI 3DS Core Security Standard v2.0 and draft PCI 3DS Data Matrix v2.0 during a 6-week request for comments (RFC) period.

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The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto and John Vurdelja

Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever

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Škoda adds support for contactless in-vehicle fuel payments in six European countries

NFCW

PAY TO FUEL: The service is available in all Škoda cars with a Columbus or Amundsen infotainment system PAY TO FUEL: The service is available in all Škoda cars with a Columbus or Amundsen infotainment system PAY TO FUEL: The service is available in all Škoda cars with a Columbus or Amundsen infotainment system Drivers of Škoda ICE vehicles in Austria, Belgium, Denmark, Germany, Luxembourg and Switzerland can now make contactless in-car payments for fuel directly through their dashboard touchscre

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Amazon ditches Venmo

Finextra

Shares in PayPal fell on Thursday after Amazon said it was removing Venmo as a payment option.

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Bringing cash to ecommerce: Online retailers set to effortlessly accept cash payments with Monavate and Kasssh

Fintech Finance

As cash payments in the UK rise for the first time in a decade, payments technology and solutions provider Monavate has worked with e-commerce payments innovator Kasssh and recently launched a trailblazing cash payment solution for online shoppers in the UK. E-commerce operators can now tap the previously unaddressable segment of UK consumers who favour cash payments, by effortlessly plugging Kasssh’s solution, developed with Monavate, in their existing payments infrastructure, using newly avail

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NatWest Boxed: The Rise of BaaS – Embracing the Embedded Finance Revolution

The Fintech Times

Amid the ongoing digital revolution and shifting customer preferences, embedded finance is reshaping the financial industry. Banking has transcended its traditional confines, forging innovative partnerships that prioritise convenience and accessibility. Andrew Ellis is the CEO of NatWest Boxed , a partnership between Vodeno and NatWest offering banking-as-a-service.

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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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Cassandra Goh Set to Lead Silverlake Axis as New Group CEO in 2025

Fintech News

Silverlake Axis, a Singapore-mainboard listed fintech and digital banking solutions provider, has announced a major leadership change. Cassandra Goh Shiou Ling, currently the Deputy Executive Chairman of Silverlake Axis , is set to become the new Group CEO on 1 January 2025. This move comes as part of a transition process, following the decision of Andrew Tan Teik Wei to step down from his role as the current Group CEO at that time.

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Flutterwave secures 13 new money transmission licences in the US

Finextra

Flutterwave, Africa's leading payments technology company, has announced its acquisition of money transfer licenses for 13 U.S. states to enable faster, more affordable, and secure transfer of money from the United States to Africa and back.

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PayPal Ventures Co-Leads Mine’s $30 Million Series B Funding Round

PayPal

Funding will propel Mine's mission to redefine data privacy and governance management for companies globally.

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