Fintech Finance

SEPTEMBER 11, 2024

Now celebrating its 20th anniversary edition, the report predicts instant payments will account for 22% of all non-cash transaction volumes by 2028 globally. Non-cash transactions boom; APAC leading adoption Non-cash transaction volumes rose to 1,411 billion in 2023 and are on track to reach 1,650 billion in 2024.

Instant Payments 98

Instant Payments Accounts Innovation Non-Bank 98

Fintech News

MAY 19, 2024

The bank, listed in Ho Chi Minh City, intends to offer the shares at 34,500-36,000 dong (US$1.36-US$1.40) This move values the bank at approximately 53.5 The sale faces significant hurdles due to regulatory limits on foreign ownership in Vietnamese banks, capped at 30%. trillion dong (US$2.1

Non-Bank 117

Non-Bank Caps Agreements Facilitators 117

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

The Fintech Times

OCTOBER 16, 2024

Etihad Credit Insurance (ECI), the UAE Federal export credit company, and the Multilateral Investment Guarantee Agency (MIGA), an institution of the World Bank Group , have expanded their cooperation and coordination to drive foreign direct investments (FDI), along with co-insurance and reinsurance activities. per cent increase over 2022.

Non-Bank 52

Non-Bank Agreements Economy Addressing 52

Finezza

DECEMBER 4, 2023

Non-Banking Financial Companies (NBFCs) are making a behind-the-scene yet significant impact on the Indian economy. Despite not having a traditional banking license, they promote financial inclusion, support economic development, enhance innovation, and deepen financial markets.

Financial Inclusion 103

Financial Inclusion Non-Bank Economy Innovation 103

Fintech Finance

OCTOBER 17, 2024

Traditional banks and money transfer operators, once dominant players, are now losing market share to agile global fintechs, local remittance providers, superapps, and even non-financial firms such as retailers and telecommunications companies.

Cross-Border 56

Cross-Border Non-Bank Processors Issuers 56

FICO

MARCH 22, 2022

The pandemic impacted the financial situation of SME’s in various ways, including the need to suddenly adopt digital banking channels, arrange repayment deferrals and of course an increased need for lending; a need which is increasingly being targeted by new lenders offering a simplified digital lending process.

Posting 52

Posting APACS Origination Small Business 52

Finezza

AUGUST 15, 2024

The growth of Non-Performing Assets (NPAs) continues to be a top concern for digital lenders, today. According to reports, Indian banks continue to face challenges in recovering debt. India’s 39 Debt Recovery Tribunals (DRTs) and five Debt Recovery Appellate Tribunals (DRATs) struggle to cope with the volume of cases.

Non-Bank 59

Non-Bank Volume Continuity Posting 59

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

FICO

JANUARY 6, 2021

Posts dealing with debt collection were among the most popular on the FICO Blog last year, for obvious reasons. Here were the five most popular posts in this category last year: #1. Bruce Curry brought his experience to bear in a series of posts, beginning with this one. there will be large books that need to be worked.

Posting 98

Posting Credit Risk Risk Returns 98

Finezza

JANUARY 4, 2024

A combination of superior risk assessment, fraud detection capabilities, and quick and accurate underwriting turnaround can transform a lender’s success rate with borrowers and reduce non-performing assets. Access to superior data plays an important role in this process.

Transactions 94

Transactions Fraud Detection Risk Assessment Underwriting 94

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 135

Non-Bank Credit Risk Compliance Risk 135

Finezza

AUGUST 25, 2024

The traditional banking setup has seen a complete overhaul with increasing technological advancements. All this has been made possible by embedded finance, which allows the integration of financial services into non-financial services. It may seem like a new world, from loans in 59 minutes to digital wallets.

Embedded Finance 52

Embedded Finance Finance Security Non-Bank 52

Fintech Finance

OCTOBER 1, 2024

Merchant Information, a solution within Tink’s Consumer Engagement offering, means banking app transactions are shown with a clear brand name, logo, location, and merchant contact details – reducing the need for consumers to contact their bank to enquire about transactions they don’t recognise.

Transactions 98

Transactions Consumer Non-Bank Fraud Prevention 98

Fintech News

AUGUST 20, 2024

A mix of Thai and regional business groups, including SeaMoney Thailand, SCB X, CP Group, Gulf Energy, and VGI, are preparing to apply for virtual bank licences from the Bank of Thailand, according to the Bangkok Post. The application deadline is 19 September.

Non-Bank 85

Non-Bank Caps Posting Service Provider 85

The Fintech Times

APRIL 9, 2024

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. Banking-as-a-Service (BaaS) describes the concept that enables non-bank platforms to access banking capabilities traditionally only offered by licensed banks.

Financial Inclusion 121

Financial Inclusion Underserved Non-Bank Embedded Finance 121

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

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 109

Embedded Finance FinTech Non-Bank Cross-Border 109

Open Banking

OCTOBER 9, 2024

Once again, the OBL team will be at Open Banking Expo at the Business Design Centre, Upper Street, London N1 0QH on 15-16 October. We look forward to meeting members of the ecosystem – old and new – to discuss the future of open banking as it transitions to open finance and smart data.

Non-Bank 64

Non-Bank Rules Participant Finance 64

Fintech Finance

SEPTEMBER 17, 2024

With over 30 years of banking and payments experience, Elliff has a strong track record of innovating and building intrapreneurial ventures and high-growth businesses while at NatWest Group and JP Morgan Chase. The post Mike Elliff Joins Chargebacks911 as Chief Revenue Officer and CEO of EMEA appeared first on FF News | Fintech Finance.

Disputes 98

Disputes Multi-Currency Issuers Fraud Prevention 98

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 110

Non-Bank FinTech Accounts Posting 110

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 110

Non-Bank Returns Innovation Economy 110

PYMNTS

JANUARY 26, 2021

Think about major multinational companies, government organizations, airports and banks and the way employees, guests, mail, FedEx, UPS or anyone is allowed to come on the premises, Mashiyev said, and it's evident that a lot of businesses are still signing people in by paper and pen and using what he calls “the caveman solution.”.

Posting 116

Posting Automation Best Practices Compliance 116

Fintech Finance

OCTOBER 11, 2024

Citi is the first global bank to enable cross-border payments to Mastercard debit cards using Mastercard Move, tapping into the speed, security and transparency of the Mastercard network. Mastercard Move’s overall reach spans more than 180 countries and 150+ currencies, with access to more than 95% of the world’s banked population.

Cross-Border Payments 95

Cross-Border Payments Cross-Border Visa Debit Card 95

Finezza

MAY 13, 2024

The lending landscape is continually growing, with a mix of banks, neo-banks, Non-Banking Financial Companies (NBFCs), and payment apps offering a mix of consumer and business loans.

Non-Bank 52

Non-Bank Continuity Posting Consumer 52

Finovate

OCTOBER 17, 2024

Worldline has launched Bank Transfer by Worldline , an account-to-account payment tool. The new pay-by-bank solution enables retailers to accept bank draft payments and handle high-value transactions, including B2B payments, across 10 European countries. because it facilitates cross-border payments.

Accounts 52

Accounts Cross-Border Payments Cross-Border Payments Tools 52

Finovate

OCTOBER 8, 2024

Plaid has launched a pay-by-bank tool for bill payments in the U.S., allowing consumers to securely pay bills directly from their bank account without manually entering their account details. Pay-by-bank is back in the news cycle today– this time in the United States. Pay-by-bank offers two major benefits to billers.

Non-Bank 59

Non-Bank Risk Assessment Processors Returns 59

Fintech News

MAY 8, 2024

As digital technologies continue to transform the financial landscape, central banks worldwide are exploring the potential of Central Bank Digital Currencies (CBDCs). The pilot results showed that RCBDC could support access and integration for bank and non-bank FSPs, addressing existing pain points in the payment infrastructure.

CBDC 120

CBDC Bots Real Time Gross Settlement (RTGS) Non-Bank 120

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

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. Post-promotion, a S$300 minimum will be enforced. The post Singapore’s AXS, Aleta Planet Offer UnionPay-Powered China Remittances appeared first on Fintech Singapore.

Money Laundering 104

Money Laundering Cross-Border Non-Bank Funds Transfer 104

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 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. The post Mastercard Partnership with Alipay Offers Faster, Secure Remittances to China appeared first on Fintech Singapore. billion account holders.

Visa 114

Visa Cross-Border Cross-Border Payments Security 114

Finovate

SEPTEMBER 25, 2024

It is no secret that banks are under pressure from a variety of sources: fintech upstarts, the rise of embedded finance, an increasingly dynamic regulatory environment, the pace of technological innovation–to say nothing of competition with one another. For community banks, the pressure can be all the more intense.

Community Banks 52

Community Banks Treasury Non-Bank Embedded Finance 52

Fi911

AUGUST 28, 2024

While issuing banks do not have to clarify their decisions, acquiring banks and merchants gain valuable insights into the necessary documentation for representment. Issues like buyer’s remorse, fraud committed by relatives, or problems with non-returnable products lack appropriate chargeback codes.

Disputes 52

Disputes Non-Bank CHIPS Authorization 52

Fintech Finance

JUNE 17, 2024

Mastercard and Thought Machine , a cloud-native banking technology company, are advancing their partnership to deliver high-quality payments and core banking (critical back-end technology for product and account management and the customer ledger) capabilities to financial institutions looking to modernise their technology stack.

Visa 105

Visa Non-Bank Debit Card Payments 105

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

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). MAS said that it will continue to closely monitor the situation and practices of remittance companies.

Continuity 117

Continuity Non-Bank Authorization Origination 117