Sat.Dec 21, 2024 - Fri.Dec 27, 2024

article thumbnail

Benefits of Closed-Loop Payment Systems for Businesses and Consumers

Finextra

In a business environment, convenience often dictates consumer choices. Thats why payment methods p.

article thumbnail

XTransfer, OCBC Team Up to Provide Enhanced Financial Services for SMEs

Fintech News

Cross-border payment firm XTransfer and OCBC Bank have announced a partnership to provide small and medium-sized enterprises (SMEs) with enhanced financial services for international trade. The collaboration focuses on payment processing, foreign exchange, risk management, and wealth management solutions tailored to SMEs. The partnership will leverage OCBCs regional network in markets including Singapore, Hong Kong, Malaysia, and Indonesia.

article thumbnail

Revenue-based financing startups continue to raise capital in MENA, where the model just works

TechCrunch Fintech

In an era where it has become tougher to raise venture capital, many companies have turned to non-dilutive, revenue-based financing (RBF) as an alternative. As a result, plenty of startups have risen to meet that challenge, none more so than in the MENA region, which has taken to the model like a duck to water. […] 2024 TechCrunch. All rights reserved.

Finance 94
article thumbnail

Fiserv to Enhance its Embedded Finance Capability with Acquisition of Payfare Inc.

Fintech Finance

Fiserv , Inc. (NYSE: FI), a leading global provider of payments and financial services technology, today announced it has entered into a definitive agreement to acquire Payfare Inc. (TSX:PAY), a provider of program management solutions with a particular focus on new economy workforces. The transaction is subject to obtaining shareholder and court approvals and other customary closing conditions and is expected to close in the first half of 2025.

article thumbnail

The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto

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

article thumbnail

North Korea hackers behind 60% of all crypto stolen in 2024

Finextra

Crooks stole $2.2 billion in cryptocurrency in 2024, with hackers associated with North Korea accounting for $1.3 billion, according to a study from Chainalysis.

article thumbnail

Mastercard Completes Acquisition of Recorded Future in US$2.65 Billion Deal

Fintech News

Payment giant Mastercard has completed its acquisition of Recorded Future, a cybersecurity firm specialising in threat intelligence and AI-powered analytics. The acquisition, valued at US$2.65 billion, was first announced in September this year. Mastercard stated that the acquisition will bolster its cybersecurity services, which focus on assessing cyber risks, protecting the digital ecosystem, and building trust for businesses and individuals worldwide.

Visa 105

More Trending

article thumbnail

Weyay Bank Launches “AFAQ” for Instant Bank Transfers Between GCC Countries at Cost-Efficient Rates

Fintech Finance

In a new step to enhance its financial services and expand its regional scope, Weyay Bank announces the launch of the AFAQ service, which is a qualitative leap in the field of bank transfers between the Gulf Cooperation Council countries. AFAQ, by linking the payment systems of the Gulf countries, enables financial transfers in the local currencies of these countries to be made faster and at lower cost compared to the traditional methods usually used in transfers.

article thumbnail

What’s happened to regulatory compliance in 2024, and how could this shape 2025 strategies?

Finextra

Its been quite the year for regulatory compliance in 2024. For one, several major regulations were.

article thumbnail

Thredd Expands Leadership Team with Four Key Appointments

Fintech News

Thredd, a global payments processor, has announced the appointment of four senior executives to its leadership team. This move is part of Thredd ‘s efforts to strengthen its platform, products, and regional support for fintech firms and programme managers worldwide. Patricia Haynes joins as Senior Vice President of Platform, bringing her expertise in technology operations and risk management from roles at Zopa and LexisNexis Risk Solutions.

APACS 82
article thumbnail

In Profile: Thomas Gillan, CEO of BR-DGE

The Fintech Times

Founded in Edinburgh in 2018, BR-DGE is a payment orchestration provider on a mission for hyper-growth. The company enables enterprise merchants, financial institutions, platforms and payment providers access payment tools and products via a single integration. In this week’s In Profile, we chat with Thomas Gillan , CEO of BR-DGE, to explore the company’s approach to simplifying payment processes for large-scale merchants and to discuss the advancing role of payment orchestration tec

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

Klarna to Be Automatically Enabled for All New Customers Under New WooCommerce Distribution Agreement

Fintech Finance

Klarna , the AI-powered global payments network and shopping assistant has expanded their partnership with Woo , the flexible, open-source ecommerce solution built on WordPress, by making Klarna a default payment option for merchants using WooPayments. Under the expanded partnership Klarna will become a network of choice, offered as a default payment method to WooPayments merchants globally, alongside traditional card payments.

article thumbnail

EPC issues RFP for API Test Toolbox for verification of payee

Finextra

The European Payments Council has issued a request for proposal (RFP) for an API Test Toolbox for the Verification of Payee scheme.

RFP 64
article thumbnail

Visa Finalises Featurespace Acquisition to Bolster AI Fraud Detection

Fintech News

Visa has finalised its acquisition of Featurespace, a company specialising in real-time artificial intelligence technology for payment protection. The acquisition is expected to bolster Visa s fraud protection capabilities and enhance security for its customers worldwide. Featurespaces advanced fraud detection and risk-scoring capabilities will be integrated into Visas existing portfolio of fraud prevention solutions.

article thumbnail

Infinant Secures $15 Million in Series A Funding

Finovate

Digital banking solutions provider Infinant has raised $15 million in Series A funding. The round was led by FINTOP Capital and JAM FINTOP BankTech, and featured participation from Raido Capital Partners, Woodforest Financial Group, and Bankers Helping Bankers. “Financial institutions are realizing significant and responsible growth by diversifying their deposit gathering and payment channels by decoupling from the core and distributing their products across new platforms,” Infinant

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

Cashfree Payments Launches Affiliate Partner Program To Build a Trusted Partner Ecosystem

Fintech Finance

Cashfree Payments , Indias leading payments and API banking platform, today announced the launch of its Affiliate Partner Program. The new initiative opens up exciting opportunities for freelancers, web development agencies, marketing firms, startup accelerators, influencers, and other digital ecosystem players to collaborate with Cashfree and earn revenue by referring its cutting-edge payment gateway solutions to businesses looking to grow online.

article thumbnail

Fiserv boosts embedded finance offering with Payfare acquisition

Finextra

Fiserv is boosting its embedded finance capabilities with the acquisition of Payfare, a provider of workforce payments for gig economy companies.

article thumbnail

5 Stories That Shaped Singapore’s Fintech Scene in 2024

Fintech News

In 2024, Singapore continued to solidify its position as a global fintech leader. The year saw nearly universal adoption of cashless payments and milestones in cross-border payment linkage initiatives, notably through Project Nexus. New crypto regulations came into effect, introducing requirements relating to anti-money laundering (AML) and countering the financing of terrorism (CFT) and financial stability, and reflecting Singapores commitment to fostering innovation in the crypto and tokenizat

FinTech 79
article thumbnail

Central Bank of Brazil Approves PayRetailers Acquisition of Transfeera

The Fintech Times

The Administrative Council for Economic Defense (CADE) and the Central Bank of Brazil (BCB) have officially approved PayRetailers , the payments processor in Latin America and Africa, to acquire Transfeera , a fintech focused on payment solutions for businesses. As PayRetailers looks to expand its presence in Brazil, it hopes the acquisition of Transfeera will enable it to gain direct access to Pix , the real-time payment system in Brazil.

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

Varo Bank Introduces Zero Fee Cash Deposits at Participating CVS Locations

Fintech Finance

Varo Bank , the first all-digital nationally chartered bank in the U.S., has announced a collaboration with Green Dot Corporation (NYSE: GDOT) and CVS Health (NYSE: CVS) to enable deposits for no fee for millions of Varo Bank customers at over 7,500 participating CVS Pharmacy locations nationwide.1 Utilizing Green Dot’s embedded finance platform (Arc) and expansive money movement network, the “Green Dot Network,” Varo customers can now deposit cash at participating CVS Pharmacy

article thumbnail

How fraudsters target UK consumers in the digital age

Neopay

In today’s increasingly digital world, fraudsters continue to adapt and exploit vulnerabilities, with Authorised Push Payment (APP) scams posing one of the most significant threats to consumers. These scams, where individuals are tricked into sending money to fraudulent accounts, cause financial loss and emotional devastation, eroding trust in payment systems and the broader digital ecosystem.

article thumbnail

Why the Sub-model Architecture in Machine Learning is the next frontier in Fintech

Finextra

The landscape of credit lending to small and medium-sized businesses (SMBs) has undergone a signific.

FinTech 59
article thumbnail

Paymob Merchant Network Across Egypt Introduces Apple Pay to Bolster Sales Figures and Security

The Fintech Times

Paymob , the financial services enabler in the Middle East and North Africa (MENA), now enables consumers to use Apple Pay to make purchases in-store, in-app and online, following the recent launch of the payment method in Egypt. The Paymob merchant network will accept Apple Pay across Egypt, offering customers a seamless, secure and private payment experience.

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

ACH vs. Credit Cards: Comparing Payment Methods

EBizCharge

As transactions evolve, merchants often find themselves torn between Automated Clearing House (ACH) payments and credit card processing. Understanding how these payment methods operate and the benefits and disadvantages of each can help you determine which is best for your business to significantly enhance your bottom line. ACH vs. credit card payments: A comprehensive comparison ACH and credit cards are two popular options for electronic payments.

article thumbnail

Unlocking the Full Cycle: Why Accounts Receivable Automation Complements Your AP Strategy

Nanonets

Automation has revolutionized the way finance teams operate, with accounts payable (AP) automation being the go-to first step for businesses looking to improve efficiency and cut costs. Companies like Nanonets and Centime have made AP processes smarter, faster, and more streamlined through cutting-edge technology, while also paving the way for more comprehensive financial solutions.

article thumbnail

Extended trading hour – Differentiated value proposition for brokerage firms

Finextra

Prologue Extended trading, also known as electronic trading hours, refers to the buying and selling.

59
article thumbnail

Machine Learning Models: Debunking Myths for Fraud Detection

Fraud.net

Learn the truth about machine learning models, and how they deliver accurate fraud prevention for businesses of all sizes.

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

BlueSnap’s Top 10 Digital Payment Articles of 2024

BlueSnap

In 2024, businesses saw the global economy stabilize and worldwide inflation begin to ease. This has been a year of resilience for many industries, and being sure your payments are set up for success is key for the growth that many businesses are preparing for in the new year. The post BlueSnaps Top 10 Digital Payment Articles of 2024 appeared first on BlueSnap.

article thumbnail

This Week in Fintech: TFT Bi-Weekly News Roundup 24/12

The Fintech Times

The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Thursday 24 December 2024. Partnerships Bitget, the cryptocurrency exchange, has forged a strategic partnership with Fiat24, a Swiss-regulated fintech company. The collaboration focuses on exploring PayFi solutions for major cryptos like Ethereum (ETH) and Bitget Token (BGB), as well as stablecoins such as USD Coin (USDC).

FinTech 59
article thumbnail

Finextra's year in review

Finextra

With 2024 drawing to a close, we take a look back at our most popular news items and community engagement activities over the course of the past year.

59
article thumbnail

Future-Proofing Fraud Prevention: Trends and Strategies with AI

Fraud.net

Explore future trends in fraud prevention and how AI helps businesses stay ahead of emerging threats and evolving tactics.

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.