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Can Financial Institutions Keep Up with the $33 Billion Fraud Surge?

Finextra

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.

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5 Key Trends Shaping Fintech in India, According to PwC

Fintech News

Despite facing funding challenges and navigating complex market conditions, the fintech sector in India continues to grow and evolve, with several emerging fintech trends in India poised to shape the future of the industry.

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Banks Embrace Cloud, AI to Innovate and Tap Partnership Opportunities

Fintech News

The banking industry is shifting towards innovation, collaboration and customer-centricity, driven by the adoption of technologies including cloud computing, data analytics, artificial intelligence and machine learning (AI/ML), changing customer preferences, and a rapidly evolving regulatory landscape, a new report by Amazon Web Services (AWS) says.

AI 109
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barq Signs Agreement With Mastercard to Empower Businesses With Advanced Payment Acceptance Technology

Fintech Finance

barq , an innovative Saudi financial services startup, has partnered with Mastercard to empower its customers with a range of industry leading payment acceptance solutions through Mastercard Gateway. It provides its partners with the reach, security and innovation to compete in the world of digital payments.

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A Revival of Fintech Funding in 2024 is Just a Pipe Dream… Or is it?

The Fintech Times

Research from CB Insights , the business analytics platform, has revealed that global fintech funding in Q1’24 shows worrying trends for the rest of the year. Nonetheless, the industry has shown resilience and many still believe this to be the comeback year for fintech following 2023’s decline – we want to find out why.

FinTech 116
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Nearly Half of All Cross Border Payments Will Be Instant by 2028 Reveals Juniper Research

The Fintech Times

Instant payment innovation cutting costs for businesses The research anticipates the adoption of ISO 20022 , a universal standard for instant payments’ financial messaging. The study predicts it will drive third-party providers to build additional value-added services that create efficiencies for businesses.

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Visa to Acquire Featurespace

Fintech Finance

Since its inception out of Cambridge University’s engineering department, Featurespace has developed innovative algorithmic-based solutions to analyze transaction data and detect even the most elusive fraud cases. The post Visa to Acquire Featurespace appeared first on FF News | Fintech Finance.