Fintech News

DECEMBER 5, 2024

Thai regulators approved the first cross-border payment solution using stablecoins in October, while the Philippine central bank launched a peso stablecoin pilot earlier this year. During the event, participants, including non-Thai attendees, were able to convert dollar stablecoins to baht stablecoins without foreign exchange fees.

Stablecoins 135

Stablecoins Cross-Border Payments Cross-Border Blockchain 135

Fintech Finance

JULY 16, 2024

The Financial Stability Board (FSB) published today, for public consultation, its proposed recommendations to promote greater alignment in data frameworks related to cross-border payments and consistency in the regulation and supervision of bank and non-bank payment service providers.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Consulting Regulations 98

VISTA InfoSec

MAY 24, 2024

It is done to check whether only allowed data traffic is allowed between the card and the card and non-card data networks. It must also cover the non-card data environment. Ensure the Merchants and Service Providers have filled the PCI Self-Assessment Questionnaires (SAQs) to comply with the PCI DSS requirements. of PCI DSS.

PCI DSS 240

PCI DSS Small Business Assessments Compliance 240

Finezza

FEBRUARY 9, 2024

The lending business has become much more competitive over the last few years, with banks, Non-Banking Financial Companies (NBFCs), neo-banks, and even newer players, such as payment apps, vying to expand their customer base.

Non-Bank 108

Non-Bank Posting Payments 108

Fintech News

MAY 15, 2024

Singaporean multinational technology company Grab Holdings released its unaudited financial results for the first quarter ended 31 March 2024, revealing a significant increase in customer deposits in its digital bank business. As of 31 March 2024, around 80% of GXS Bank’s FlexiLoan customers were also Grab users.

Non-Bank 136

Non-Bank Credit Risk Compliance Risk 136

Fintech News

NOVEMBER 6, 2024

Jeel, the digital innovation arm of Riyad Bank, and audax Financial Technology , backed by Standard Chartered, have announced a strategic partnership to modernise Saudi Arabia’s banking sector. It also offers adaptability for non-bank entities, extending the benefits of digital transformation beyond traditional banking.

Non-Bank 104

Non-Bank Underwriting Real Time Payments Facilitators 104

Fintech News

AUGUST 12, 2024

These trends include ecosystem banking, generative artificial intelligence (GenAI), and embedded finance, a new report by PwC India and ASSOCHAM says. Generative AI driving banking and fintech trends in India Generative is one of India’s biggest fintech trends highlighted in the report.

Embedded Finance 113

Embedded Finance FinTech Non-Bank Cross-Border 113

Tearsheet

FEBRUARY 7, 2024

Dong Min Kim, Director of Google Wallet, shared some payment insights with Tearsheet, “As digital wallet adoption continues to grow, consumers want their wallets to include additional non-payment essentials we need to navigate our daily lives, including identification, health insurance cards, transit passes, and more.”

Debit Card 119

Debit Card Online and Mobile Banking Non-Bank Credit Cards 119

Fintech News

MARCH 18, 2024

The company’s Mastercard Move service, connecting nearly 10 billion endpoints globally, including bank accounts and digital wallets, is part of this effort. It allows financial institutions to offer their customers international payment options to over 180 markets and a network covering more than 150 currencies and 3.5

Visa 118

Visa Cross-Border Cross-Border Payments Security 118

Fintech News

JUNE 23, 2024

GXS Bank, a digital bank supported by Grab Holdings and Singtel, reported a substantial increase in losses for the financial year ending 31 December 2023, as reported by DealStreetAsia. Despite this, the bank experienced a remarkable sixfold increase in net interest income, according to recent regulatory filings. million.

Non-Bank 114

Non-Bank Accounts FinTech Posting 114

Stax

DECEMBER 20, 2023

Set rate processing Subscription rate processing TL;DR Interchange fees are not collected by your payment processor or bank; they go directly to the card-issuing banks. Interchange fees vary significantly depending on the card issuer, the issuing bank, type of transaction and/or merchant type.

Credit Cards 167

Credit Cards Debit Card Processors Non-Bank 167

The Fintech Times

APRIL 3, 2024

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. Whether it be retailers, ride-hailing apps, super-apps, or other non-bank service providers, embedded finance appears to be making its way into every sub-sector.

Embedded Finance 126

Embedded Finance Finance Non-Bank Embedded Payments 126

The Fintech Times

FEBRUARY 16, 2024

New research from Economist Impact supported by Temenos has revealed that almost half of European banks are investing in fintech start-ups while 36 per cent are building their own greenfield digital bank or fintech company. It set out to understand emerging trends in the banking industry.

AI 139

AI Multi-Currency Non-Bank Underserved 139

Fintech News

OCTOBER 1, 2024

Datuk Yee was appointed as a Non-Independent Non-Executive Director of Maybank in November 2023, and then to the Maybank Singapore board in August 2024. His career spans audit, equity research, and investment banking. Maybank Singapore Limited has named Datuk Yee Yang Chien as its new Chairman, effective 1 October 2024.

Non-Bank 103

Non-Bank Audit Research Innovation 103

Open Banking Excellence

MAY 23, 2024

Following this announcement, the Konsentus Q1 2024 TPP tracker has revealed an overall growth in the European third parties that are regulated to provide Open Banking services around their domestic market, as well as an overall increase in TPPs authorised to initiate payments and transactions on an account holder’s behalf.

Cross-Border 130

Cross-Border Cross-Border Payments Non-Bank Regulations 130

Fintech News

JUNE 10, 2024

PT Bank BTPN’s flagship digital bank, Jenius , has teamed up with Perx Technologies , a SaaS lifestyle marketing platform provider, to enhance its customer engagement strategy. This partnership is looking to maximise customer lifetime value through continuous and non-transactional engagement.

Non-Bank 114

Non-Bank Returns Economy Innovation 114

Finezza

JUNE 14, 2024

In the last five years, the lending industry has grown increasingly competitive, with banks, lending platforms, payment apps, and non-banking financial companies (NBFCs) competing for a piece of the pie.

Non-Bank 97

Non-Bank Posting Payments FinTech 97

The Payments Association

OCTOBER 25, 2024

Challenger processors outperforming incumbents According to the report, new card processing models are gaining significant momentum, driven by technological innovation and the growing influence of non-bank entities like retailers and gig economy platforms. in 2021 to 4.0%

Processors 88

Processors Process Payment APIs and Integration Non-Bank 88

Open Banking Excellence

NOVEMBER 14, 2023

It has been almost six years since the Second Payment Services Directive (PSD2) came into force and laid the foundations for Open Banking in the EU and UK. Together, these new rules will enable Europe to push forward into Open Finance – the next stage of Open Banking. PSD3 and PSR1 will introduce higher levels of regulation.

Non-Bank 130

Non-Bank Rules Authentication Regulations 130

Fintech News

FEBRUARY 28, 2024

Most non-bank entities typically hold Type 2 licenses limiting transactions to 1 million JPY. We look forward to empowering banks and businesses worldwide to do more commerce with Japan by providing the speed, efficiency, and transparency of payments that has long been missing from this important global market.”

Regulations 123

Regulations Non-Bank Funds Transfer Transactions 123

Fintech News

MARCH 27, 2024

This suspension, now extended until 30 September 2024, pertains to the use of non-approved channels by remittance companies for transferring funds to the People’s Republic of China (PRC).

Continuity 119

Continuity Non-Bank Authorization Origination 119

Fintech Finance

NOVEMBER 12, 2024

Sibstar , the UK’s leading debit card and app for people living with dementia, has today announced the appointment of GoHenry co-founder and CEO, Louise Hill, as a Non-Executive Director. The post Sibstar Appoints GoHenry Co-Founder and CEO Louise Hill as Non-Executive Director appeared first on FF News | Fintech Finance.

Debit Card 98

Debit Card Financial Literacy Non-Bank Financial Inclusion 98

Open Banking Excellence

AUGUST 6, 2024

Non-members should email billie.pursey@thepaymentsassociation.org to register (subject to approval). Helen Child Founder and CEO at Open Banking Excellence The post PA Edinburgh appeared first on Open Banking Excellence. For venue accessibility information please visit: [link] I want to Attend!

Non-Bank 130

Non-Bank FinTech Posting Payments 130

The Fintech Times

MAY 26, 2024

A key part of open banking is regulated third-party providers (TPP). They act as intermediaries between the bank and the customer. Open banking’s growth has got to a point now that more TPPs are able to offer their services outside of their domestic markets. A similar trend is reported for payment services growth.

Cross-Border 129

Cross-Border Non-Bank Regulations Payments 129

Finezza

NOVEMBER 18, 2024

According to a recent Business Standard report, non-banking financial companies (NBFCs) focusing on microfinance may face higher credit costs due to increasing loan delinquencies. Did you know that rising loan delinquency rates can lead to significant opportunity costs and damage the reputation of Microfinance Institutions (MFIs)?

Non-Bank 100

Non-Bank Posting 100

Fintech News

MAY 8, 2024

The dialogue focused on various pivotal areas including sustainable finance, fintech innovation, non-bank financial intermediation, and cross-border payment connectivity. Notably, the UK discussed the progress of its Transition Plan Taskforce’s disclosure framework and upcoming regulatory expectations for listed companies.

Finance 113

Finance Regulations Cross-Border Payments Cross-Border 113

Fintech News

MAY 27, 2024

Central bank digital currencies (CBDCs) have largely existed in the virtual realm, with transactions initiated primarily through web and mobile interfaces. It was a contactless payment on POS using a card issued by Eurasian Bank JSC on the Way4 digital payments software system. The country stands out in this regard.

CBDC 121

CBDC Transactions Payment APIs and Integration Cross-Border 121

The Payments Association

AUGUST 14, 2024

The adoption of ISO 20022, a global standard for financial messaging, is progressing but facing challenges, especially for traditional banks with outdated systems. With a looming March 2025 deadline in Europe, banks must quickly adapt or risk non-compliance. Read more

ISO 20022 88

ISO 20022 ISOs Non-Bank Compliance 88

Fintech News

JANUARY 31, 2024

This collaboration comes as a solution for consumers affected by a recent ban on fund transfers to China through non-bank and non-card channels. Singapore’s payment service provider AXS has announced a new partnership with fintech company Aleta Planet to offer remittance services to China.

Money Laundering 107

Money Laundering Cross-Border Non-Bank Funds Transfer 107

Fintech Finance

NOVEMBER 18, 2024

The CaaS model will provide banks, non-financial institutions, universities and fintechs with a comprehensive suite of digital payments services. Meanwhile, consumers will enjoy easy access to tailored digital financial products, such as youth and family banking.

Visa 105

Visa Non-Bank Payments Financial Inclusion 105

Fintech News

NOVEMBER 11, 2024

Revenue of digital financial services in Southeast Asia by vertical, Source: 2024 e-Conomy SEA, Google, Temasek and Bank and Company, Nov 2024 Digital lending: the main driver of fintech revenue In particular, digital lending remained the biggest revenue driver in Southeast Asia’s DFS industry. fold between 2022 and 2024 to US$11 billion.

NOV 133

NOV Non-Bank Debit Card P2P 133

Fintech News

MARCH 3, 2024

More than 61,000 Singaporean bank accounts have utilised the “Money Lock” feature since its launch in November 2023, with over S$5.4 DBS Bank now allows customers to apply Money Lock to their existing accounts, avoiding the need for multiple accounts. billion set aside for protection against digital theft.

Scams 113

Scams Non-Bank Authorization Security 113

Fintech Finance

JULY 23, 2024

UK consumers are leading the charge on digital financial services adoption amid rising demand for more innovation and convenience in payments and banking, according to a study from Marqeta (NASDAQ: MQ), the global modern card issuing platform powering some of today’s most innovative embedded finance solutions. Download the full report here.

Embedded Finance 97

Embedded Finance Digital Payments Research Consumer 97

Fintech Finance

AUGUST 6, 2024

Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced it has signed a five-year deal with Varo Bank , N.A., Varo is the first bank to receive a de novo national bank charter as a consumer techbank in the U.S.

Issuers 119

Issuers Processors Embedded Finance Non-Bank 119

Fintech News

MARCH 25, 2024

Singapore’s digital bank Trust has rolled out AutoPay, a feature aimed at simplifying the process of credit card repayments for its users. This development allows Trust Bank ‘s users to set up automatic repayments for their credit cards with just a few clicks, provided they have a savings account.

Credit Cards 112

Credit Cards Non-Bank Governance Government 112

Fintech News

DECEMBER 11, 2023

This PoC involved executing real-time cross-border test transactions between various Central Bank Digital Currency (CBDC) systems. The project tested the feasibility of conducting multilateral cross-currency transfers through the UDPN, involving both Distributed Ledger Technology (DLT) and non-DLT-based CBDC technologies.

CBDC 112

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 112

Fintech Finance

DECEMBER 5, 2024

Mambu, a leading cloud banking platform, has announced the acquisition of Numeral , a French payment technology provider for banks and fintechs. It also offers a unique strategic fit to the foundation of the cloud banking leader’s long-term expansion efforts. The size of the market opportunity for bank payments is striking.

Payment APIs and Integration 97

Payment APIs and Integration Technology Acquirers Instant Payments 97