Fintech News

APRIL 14, 2024

In the rapidly evolving financial services landscape, the journey from entrenched legacy systems to cutting-edge digital payment platforms is a technological upgrade and a fundamental transformation. This transition embodies a shift towards fostering innovation, operational excellence, and superior customer engagement.

Payment APIs and Integration 128

Payment APIs and Integration Payments Innovation On-Demand 128

Fintech Finance

MARCH 5, 2024

Banking Circle ’s latest enhancement to its Agency Banking solution provides Financial Institutions (FI’s) and Payment Service Providers (PSP’s) with a faster and cheaper access point to local payment schemes to expand into further markets. member, such as Banking Circle.

IBAN 52

IBAN Innovation Payment APIs and Integration Cross-Border Payments 52

Fintech Finance

JULY 12, 2024

Datapro , a leading provider of core banking systems and digital solutions, recently collaborated with Mastercard to expand the integration of Mastercard Cross-Border Services, a solution within the Mastercard Move portfolio of money transfer solutions.

Cross-Border Payments 97

Cross-Border Payments Cross-Border Visa Payment APIs and Integration 97

The Fintech Times

SEPTEMBER 23, 2024

Middle Eastern electronic payment company, Damen , and BKN301 Group , the London-based digital payments and Banking-as-a-Service provider for the MENA region, have joined forces to implement a new feature for paying gas bills using NFC technology into the ‘Damen Cash’ app. per cent from 2024 to 2029.

Payment APIs and Integration 57

Payment APIs and Integration Financial Inclusion Web 3.0 Embedded Finance 57

PYMNTS

MAY 1, 2020

These systems enable FIs to generate greater insights into consumers’ banking and payment behaviors, Munyuki added, and that data can create more personalized or unique services to help them compete. The FSS understands that innovations often lead to heightened systemic, operational and cyber risks, as well,” he noted. “[It]

Privacy 98

Privacy API Innovation Payment APIs and Integration 98

Fintech News

MAY 27, 2024

It was a contactless payment on POS using a card issued by Eurasian Bank JSC on the Way4 digital payments software system. The regulator decided to issue and redeem Digital Tenge centrally and allow reputable market participants to facilitate CBDC workflows related to accounts, cards, and payments.

CBDC 117

CBDC Transactions Payment APIs and Integration Cross-Border 117

Fintech News

JULY 3, 2024

The Bank for International Settlements (BIS) and its partners have revealed the comprehensive blueprint for phase three of Project Nexus, which seeks to address longstanding challenges in international money transfers by leveraging the power of domestic instant payment systems (IPS). How Does Project Nexus Work? trillion by 2025.

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Cross-Border Payments Cross-Border Instant Payments Central Bank 111

Fintech Finance

AUGUST 21, 2024

Today, Skyfire Systems, Incorporated announced the launch of the world’s first payment network built to enable fully autonomous transactions across AI Agents, LLM’s, data platforms, service providers, and other goods and services. Agentic AI commerce will surpass every payment innovation we’ve known, from credit cards to PayPal.

AI 92

AI Payment APIs and Integration Verification Payments 92

Fintech Finance

OCTOBER 22, 2024

PayQuicker, the leader in global payouts orchestration, today announced the launch of its Common Bank Application, an innovative solution designed to modernize the bank approval process for clients. Integrated Support: Provides built-in, real-time support to help resolve any questions quickly and ensure smooth onboarding.

Payment APIs and Integration 90

Payment APIs and Integration Cross-Border Central Bank Process 90

The Fintech Times

FEBRUARY 24, 2024

Payment services and data enrichment platform Tink has joined the SEPA Payment Account Access (SPAA) scheme, which aims to transform account-to-account (A2A) payments in the EU. It has entered the official register to become one of the first participants of the European Payments Council ’s newly launched SPAA scheme.

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Payment APIs and Integration Payments Real Time Payments Participant 62

Fintech News

AUGUST 13, 2024

In a recent webinar hosted by the Fintech News Network, experts from the Bank for International Settlements (BIS), Wise, Airwallex, and LexisNexis Risk Solutions explored the latest trends and developments in cross-border payments, emphasizing the pioneering role of Southeast Asia in this rapidly evolving landscape.

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Cross-Border Payments Cross-Border Payments Instant Payments 122

Open Banking Excellence

MAY 2, 2024

Today, Georgia is a centre of fintech innovation and home to a pioneering Open Banking ecosystem. In doing so, it bridged Western and Eastern cultures, serving as a conduit for the propagation of innovations and knowledge.” Our banks are agile and innovative. It is a competitive market.

Interoperability 147

Interoperability Payment APIs and Integration Central Bank Cross-Border 147

PYMNTS

MARCH 4, 2017

The B2B payments industry is finally beginning to hustle when it comes to technological innovation. This industry is on the cusp of some major innovation, too, as FinTechs roll out services that banks can offer to their own customer clients via APIs. But there are issues abound.

API 78

API Payment APIs and Integration Innovation Privacy 78

Fintech Finance

JUNE 25, 2024

Finzly”), a leader in innovative payment and financial solutions, today announced a partnership with Frost Bank , a subsidiary of Cullen/Frost Bankers, Inc. businesses and consumers are rapidly adopting faster and instant payment services. Finzly, Inc. According to a May 2024 Federal Reserve survey, U.S.

FedNow 78

FedNow RTP Instant Payments Payment APIs and Integration 78

PYMNTS

MARCH 4, 2017

The B2B payments industry is finally beginning to hustle when it comes to technological innovation. This industry is on the cusp of some major innovation, too, as FinTechs roll out services that banks can offer to their own customer clients via APIs. But issues abound.

API 76

API Payment APIs and Integration Innovation Privacy 76

Fintech News

MAY 16, 2024

The State of Open Banking in Southeast Asia The paper notes that across Southeast Asia, financial institutions are recognizing the potential advantages of open banking, including improved customer experiences and access to innovative products. Simultaneously, industry participants are embracing the trend at a fast pace.

Payment APIs and Integration 126

Payment APIs and Integration API Facilitators Interoperability 126

Fintech Finance

JUNE 5, 2024

one of Europe’s leading PayTech companies, today announced the integration of four major local payment methods in Latin America – PIX, Boleto, OXXO and SPEI – to its portfolio of local payment methods, significantly enhancing coverage across the region. This move underscores payabl.’s This move underscores payabl.’s

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Payment APIs and Integration Central Bank Economy Payments 52

Fintech Finance

JUNE 25, 2024

Wero , the new European payment solution developed by the European Payment Initiative (EPI) will be available to Computop customers from the moment it launches e-commerce payment in mid-2025. While payments between individuals will be available in 2024, online retailers will be able to offer wero payments by mid-2025.

Payment APIs and Integration 94

Payment APIs and Integration Cross-Border Payments Cross-Border Value Added Service 94

The Fintech Times

FEBRUARY 29, 2024

As more firms look to enter the blockchain and decentralised space, easy integrations and the ability to develop applications are an absolute must. Axelar network’s integration with the XRPL aims to help bolster the XRPL DeFi ecosystem by providing essential liquidity for stablecoins and large-cap assets.

Interoperability 132

Interoperability Blockchain Payment APIs and Integration Risk Mitigation 132

The Fintech Times

OCTOBER 11, 2024

Bridging the worlds of fiat currencies and blockchain, Visa , the digital payments firm, has launched its new Visa Tokenized Asset Platform (VTAP). The VTAP solution is available on the Visa Developer Platform for participating financial institution partners, to create and experiment with their own fiat-backed tokens in a VTAP sandbox.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Near Real-Time Participant 52

The Fintech Times

NOVEMBER 16, 2024

Digital wallets, open banking and instant bank transfers are set to become the main forces transforming the payments landscape in the coming year, according to new research by payabl , the European financial service provider. As Europe’s SEPA Instant payment deadline approaches on 9 January 2025, industry readiness remains uncertain.

Fraud Prevention 57

Fraud Prevention Compliance Regulatory Compliance AI 57

PYMNTS

DECEMBER 14, 2017

Banks and FinTechs may have had frosty relations in the past , but new open API ecosystems are now enabling former competitors to collaborate and grow their respective businesses. Specifically, these financial institutions (FIs) must learn how to collaborate and innovate at a considerably faster pace. API economics 101.

API 69

API Economy Payment APIs and Integration Third Party Vendors 69

PYMNTS

FEBRUARY 6, 2020

Meanwhile, the Monetary Authority of Singapore (MAS) continues to drive financial services innovation through the availability of banking licenses for FinTech firms, with a focus on exploring the opportunities for application programming interfaces (APIs) to expand the market’s Open Banking capabilities.

Payments Data 73

Payments Data Payment APIs and Integration Credit Union NACHA 73

Finovate

OCTOBER 29, 2024

Array’s solutions can be implemented through embedded or private label sites, as well as via its API, and turn 18-month builds into 6-12 week deployments. Enabling companies to seamlessly integrate broad debt management functionality into their digital platforms, Payitoff has managed 200,000+ loans valued at more than $1.5

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Acquirers Consumer Payment APIs and Integration Privacy 105

Fintech News

NOVEMBER 12, 2024

The ninth edition of the Singapore Fintech Festival (SFF) wrapped up on 8th November, concluding a dynamic week-long of celebration of fintech that brought together tens of thousands of participants from around the world. On the international front, cross-border payments have presented a different set of challenges.

FinTech 82

FinTech Cross-Border Payments Cross-Border Payment APIs and Integration 82

PYMNTS

MARCH 11, 2020

Cashfree , one of India’s biggest business payments platforms, has announced that it has launched a new suite of payment products aimed at lending companies and non-banking financial companies (NBFCs), to facilitate easier loan disbursals across all platforms, according to a press release.

API 52

API Payment APIs and Integration Non-Bank Settlement 52

PYMNTS

OCTOBER 16, 2020

Venture capital funding landed at accounts payable (AP) and cybersecurity technology firms, among other innovators that raised money this week. Finexio says its integrated AP and procurement software installed client base has in excess of 150,000 bank accounts, creating more than $25 billion in AP spend. million (about $14.86

Cybersecurity 69

Cybersecurity Innovation B2B Payment APIs and Integration 69

Stax

JUNE 20, 2024

The SaaS space is one of the most dynamic industries out there, which is why smart comapnies team up with strategic partners to drive growth and innovation. One common type involves integration partnerships, where software products integrate seamlessly with larger cloud platforms, enriching the overall user experience.

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ISVS Payment APIs and Integration Compliance API 88

Fintech News

DECEMBER 17, 2023

Traditional banking systems, burdened by age and complexity, can cripple innovation, restrain time to value, and strain customer relationships. It hinders innovation and slows time to value for those keen on embracing open finance, composable banking, and other modern technologies. Why become part of a financial services ecosystem?

Payment APIs and Integration 141

Payment APIs and Integration Money Laundering Due Diligence SWIFT 141

PYMNTS

MARCH 3, 2020

Whether embracing development and adoption of new payment rails or developing solutions for legacy versions, the latest in payments innovation is all about speed – even for corporate payments. New research reveals that B2B payments are is expected to account for the largest portion of faster payments volume in the U.S.,

Innovation 52

Innovation Faster Payments Instant Payments Payment APIs and Integration 52

PYMNTS

JULY 2, 2019

The bank said its application programming interface (API) can help engineers integrate the bank’s programs into their own offerings. The installment plans will be offered at checkout, and would allow consumers to divide plans into equal payments over a set amount of time, while leveraging existing Visa payment accounts.

API 53

API Payment APIs and Integration FinTech Point-of-Sale (POS) 53

PYMNTS

MAY 10, 2017

When it comes to finding the latest, greatest API solution does it help to invite outsiders into the sandbox? As more companies seek to engage in international trade, API-based solutions are being seen as a way to address some of the frictions that arise with cross-border transactions. More hackathon participants, more API solutions?

API 72

API Payment APIs and Integration Cross-Border B2B 72

PYMNTS

MAY 11, 2017

For financial institutions investing in application program interface (API) solutions to help customers gain access to new services, it pays to open up the sandbox to others. Other financial institutions and businesses are also seeking to invest in API solutions to engage with their customers. Hacking the Future of APIs.

API 57

API Payment APIs and Integration Online and Mobile Banking Small Business 57

Finovate

APRIL 4, 2024

The Banking-as-a-Service (BaaS) solutions provider unveiled the new embedded banking solution in an announcement today that highlights how Account Galaxy can help banks participate in embedded banking. Account Galaxy offers two main use cases to facilitate BaaS functionality: advanced payment processing and flexible accounting capabilities.

Accounts 52

Accounts Non-Bank FedWire Payment APIs and Integration 52

Fintech Finance

APRIL 18, 2024

The innovative app is designed to offer financial institutions more choice in how they deliver the secure and sustainable contactless payment solutions that companies increasingly expect. Mobile wallet usage is growing, with the Asia-Pacific region accounting for over half of the digital payment transactions globally2.

Visa 52

Visa Contactless Payments Payment APIs and Integration Commercial Card 52

Fintech Finance

MAY 7, 2024

In a recent study conducted by Forrester on behalf of Fabrick titled, “Embrace Embedded Finance for Seamless Payment Success: A Spotlight on Europe,” valuable insights were obtained regarding the state of Embedded Finance across Europe.

Embedded Finance 52

Embedded Finance Finance Payment APIs and Integration Embedded Payments 52

PYMNTS

APRIL 9, 2020

Reports have said the move by the payments messaging company positions the firm take on payments giants Visa and Mastercard. ” Reports noted the importance of SWIFT expanding into the SMB payments arena beyond high-value complex corporate transactions. Sila Raises Funding to Nix ACH. The company recently announced $7.7

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Payment APIs and Integration Central Bank SWIFT FinTech 83