Fintech News

SEPTEMBER 11, 2024

The bank saw its crypto trading volume triple in early 2024, driven by increasing institutional demand. In line with this growing interest in stablecoins, Singapore’s largest bank, DBS, has been exploring the listing of stablecoins on its digital exchange.

Stablecoins 136

Stablecoins Issuers Cryptocurrency Payments 136

Fintech Finance

AUGUST 15, 2024

So far, over 1,000 banks and credit unions have signed on with either the RTP or FedNow networks, or both, and instant payment volume continues to grow. Today, Modern Treasury’s customers move over $1 billion in instant payments volume annually. is growing.

Instant Payments 105

Instant Payments Treasury RFP RTP 105

Clearly Payments

NOVEMBER 6, 2024

The payment processing market in the United States has demonstrated robust growth, driven by rising consumer demand for digital payments, advancements in financial technology, and the expansion of e-commerce. Total Transaction Volume : The U.S. Credit Card Transaction Volume : Credit card payments specifically accounted for around $5.6

Process 99

Process ISOs Credit Cards Online and Mobile Banking 99

The Payments Association

DECEMBER 18, 2024

These innovations unfold amid growing demand for AI, security, and resilience in financial services. With no reduction in pace, although with a strong focus overall on implementation, there is again a huge volume of financial regulatory developments on the horizon for 2025, many with impacts on the whole financial services sector.

Legal 88

Legal Payments Instant Payments Regulations 88

Fintech News

JULY 24, 2024

billion in client assets, experienced two-fold increase in crypto spot trading volumes and a 500% rise in crypto derivatives trading, as well as a significant rise in loan volumes, exceeding 360% year-to-date. The company, which manages approximately US$4.5 said Martin Burgherr, Sygnum’s Chief Clients Officer.

Volume 106

Volume Regulations Settlement Bitcoin 106

The Payments Association

OCTOBER 28, 2024

This approach allows them to quickly respond to changing market demands and consumer preferences, rolling out new features and enhancements on a much shorter timescale than the traditional waterfall development models used by legacy payment processors.” The demands of modern payments have created challenges for outdated systems.

Process 100

Process Payment APIs and Integration Processors Payments 100

PYMNTS

AUGUST 7, 2020

Global travel may be down, and border restrictions remain in-place, but that doesn’t mean cross-border payment volumes have taken a hit. As a result, cross-border eCommerce spend remains elevated, with Visa seeing steady volume growth since mid-April — a trend fueled by an estimated 30 percent growth rate in retail spending, Visa said.

Cross-Border 120

Cross-Border Issuers Cross-Border Payments On-Demand 120

Fintech Finance

OCTOBER 17, 2024

The global stablecoin payment volumes have been growing quickly, increasing tenfold since 2020, reaching $2.5 To meet the demand from BVNK’s customers, the collaboration will streamline payment operations, reduce costs, and ensure faster transaction times across borders. trillion in June 2024.

Business Payments 105

Business Payments Stablecoins Use Case On-Demand 105

The Payments Association

DECEMBER 19, 2024

The Payments Association sat down with Trust Payments Group CEO Laurence to gain his insight into why its time for payment providers to think broader, embrace innovation, and help businesses meet the demands of an increasingly dynamic and connected world.

Payments 88

Payments Fraud Prevention On-Demand Service Provider 88

Fintech News

AUGUST 26, 2024

Millennial and gen Z individuals are seeking products tailored to their on-demand lifestyle. This demand has led insurtech companies to develop products that are bite-sized, usage-based, and customizable coverage. Across the region, insurers are rising to the challenge by offering innovative products and services.

On-Demand 143

On-Demand Product Transactions Adjustments 143

Stax

DECEMBER 12, 2024

They enable secure, efficient in-store and online payment processing and offer flexible payment options that customers demand today. Merchant service accounts and how they work Merchant service providers assess your credit history, business type, and expected transaction volume during application. Mobile payment solutions.

Small Business 88

Small Business Online and Mobile Banking Volume Checks 88

Fintech News

JANUARY 7, 2024

The stolen assets are then transferred to wallets under their control, often converted to cryptocurrencies like USDT or Tron, and then exchanged for hard currency using high-volume OTC brokers. billion stolen in the past two years alone, North Korea’s hacking prowess demands continuous vigilance and innovation from business and governments.

OFAC 113

OFAC Law Enforcement Money Laundering Cryptocurrency 113

Fintech News

JANUARY 7, 2024

Finastra’s Kondor treasury solution will enable us to increase trading volume, improve transaction quality, shorten transaction operation time, and support the development of diversified demand for trading derivatives and more complex structured transactions.”

Treasury 112

Treasury Risk Management Agreements Volume 112

Fintech Finance

AUGUST 29, 2024

Trulioo , an industry-leading identity platform with proven global coverage for person and business verification, today announced a 142% year-over-year increase in remittance-related transaction volume through its platform. We are proud to hold the trust of leading remittance brands in a rapidly expanding global industry.”

Cross-Border Payments 95

Cross-Border Payments Cross-Border Transactions Verification 95

Fintech News

MAY 21, 2024

Institutional Investors Surging Demand for Digital Assets The SBI DAH report highlights a notable surge in institutional demand for digital assets. A recent report by SBI Digital Asset Holdings (SBI DAH) sheds light on the growing interest and adoption of these innovative financial instruments among institutional investors.

Settlement 138

Settlement Cryptocurrency Blockchain Digital Currency 138

FloQast

NOVEMBER 20, 2024

Efficient account reconciliations is a cornerstone of modern accounting practices, demanding precision and speed to keep pace with today’s financial landscape. These challenges are often exacerbated by time-consuming manual matching processes and inconsistencies in data.

Reconciliation 94

Reconciliation AI Transactions Accounts 94

Fintech Finance

JUNE 17, 2024

Based in Germany, Vectron has ~65,000 POS locations across Europe, representing ~€25 billion in volume opportunity with minimal payment monetization today. We see an incredible amount of demand for a similar all-in-one solution across Europe,” states Shift4 CEO Jared Isaacman.

Point-of-Sale (POS) 98

Point-of-Sale (POS) Acquirers Advisors Legal 98

The Fintech Times

JANUARY 18, 2024

Neo also saw cleared volume double in just under a year, reaching over €7billion in 2023 alone, highlighting the growing demand from businesses for alternative banking options. As a result, 92 per cent of SMEs are having conversations about virtual account solutions such as digital wallets to help solve these problems.

Multi-Currency 109

Multi-Currency Cross-Border Payments Bank Identification Code Cross-Border 109

Fintech Finance

NOVEMBER 7, 2024

Breakthrough payment orchestration provider BR-DGE has appointed Chun Ong as its new Chief Operating Officer, as the company scales rapidly to meet unprecedented demand for its pioneering and modular services. As we scale, we want to ensure our values, culture and commitment to our customers remain unchanged.

On-Demand 98

On-Demand Payments Consulting Laws 98

NFCW

JULY 9, 2024

CONSUMER PREFERENCE: Customer demand is driving the uptick in contactless card shipments: Nine in ten of the 3.2bn smart payment cards and modules shipped in 2023 included support for contactless payments “as consumers in all markets embrace touch free payments and tap-to-pay goes mainstream”, the Smart Payment Association reports.

Contactless Payments 97

Contactless Payments Payments On-Demand CHIPS 97

Fintech News

JULY 7, 2024

The proliferation of super apps, diverse fintech solutions, and widespread digital transformation are creating demands on tech infrastructure, with traditional solutions often falling short of meeting the evolving needs of businesses and consumers. Global Shopping Festival in China, it helps process millions of transactions every second.

Database 122

Database Economy On-Demand Innovation 122

Fintech Finance

AUGUST 21, 2024

After processing $58 billion in transaction value globally and achieving 79 percent year-over-year growth in Total Payments Volume (TPV) in 2023, Trustly looks to reinforce its product team by bringing on D’arcy to lead several upcoming product expansions for Open Banking Payments. Trustly, Inc., I’ve known Adam for years.

Payments 96

Payments On-Demand Product Finance 96

Fintech Finance

DECEMBER 6, 2024

Moonrise is positioned to meet the growing demand for scalable, innovative solutions. This is about meeting growing market demand from challenger banks and fintechs alike while driving meaningful transformation in the Nordic financial ecosystem.

On-Demand 85

On-Demand Payments FinTech Innovation 85

Fintech Finance

SEPTEMBER 5, 2024

Trustly aims to scale its payment products in collaboration with Fifth Third to meet the growing demand for seamless, reliable payment experiences. Fifth Third’s commercial payments business currently processes $17 trillion in annual payments volume and serves 25% of the Fortune 100.

RTP 96

RTP Innovation ACH Embedded Payments 96

Fintech Finance

NOVEMBER 5, 2024

Payment failures, fraud, and inefficiencies are especially prevalent in B2B hotel transactions due to factors like high transaction volumes and tech incompatibility between payment systems. For travel distributors and merchants, improved acceptance and reduced payment costs enable increased collaboration with hotel and accommodation partners.

Cross-Border Payments 97

Cross-Border Payments Cross-Border Payments B2B 97

Fintech Finance

AUGUST 21, 2024

This collaboration will also introduce one of the few integrated payment and POS/PMS solutions in Mexico, addressing the region’s growing demand for innovative and contactless payment solutions. The post Shiji and FreedomPay Announce Partnership to Transform Mexican Hospitality Payment Solutions appeared first on FF News | Fintech Finance.

Payment Solutions 98

Payment Solutions Point-of-Sale (POS) Contactless Payments Payments 98

Fintech News

MARCH 3, 2024

The move follows a period of major growth for Airwallex in the Americas as the company reported a 460 percent increase in revenue and over a 1,000 percent surge in transaction volume year-over-year. He will be reporting to Kai Wu, Chief Revenue Officer. said Zhang. said Ravi Adusumilli, EGM Americas, at Airwallex.

On-Demand 94

On-Demand Volume Continuity Economy 94

Fintech News

SEPTEMBER 17, 2024

According to a recent report by PwC India, retail digital payments have surged 90-fold over the last 12 years, with transaction volumes expanding at an impressive annual rate of 40%, while the value of these transactions increased by 35% each year. India’s digital payment landscape has seen remarkable growth over the past decade.

Digital Payments 108

Digital Payments Credit Cards Payments Online and Mobile Banking 108

Fintech News

DECEMBER 4, 2023

Adrian Przelozny Adrian Przelozny, Group CEO of Independent Reserve said, “As crypto becomes more mainstream in Australia and across the globe, we’re seeing increasing demand from businesses and consumers to use digital currencies to buy and sell goods and services. Bitcoin and stablecoin volumes outpaced both Mastercard and Paypal last year.

Digital Currency 107

Digital Currency Cryptocurrency Stablecoins Bitcoin 107

Fintech Finance

OCTOBER 31, 2024

Following strong demand from both local and international payment providers, Lunar opened its Nordic payment infrastructure to partners in June 2023. Collectively, these partnerships handle over €250 billion in global transaction volume, with Lunar processing over 10,000 transactions daily.

Payment Solutions 97

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

Clearly Payments

FEBRUARY 23, 2024

In the payments industry, understanding and effectively measuring performance are crucial for businesses to stay competitive and meet customer demands. These metrics can span across different functional areas, including transaction volume, processing times, customer satisfaction scores, fraud rates , and many more.

Processors 89

Processors PCI DSS Payments Volume 89

Fintech Finance

OCTOBER 8, 2024

WadzChain’s hybrid blockchain is designed to cater to all types of payments needs including micropayments, high-volume payments, disbursements, benefits and many more. The blockchain is perfect for diverse businesses and use cases, from small startups to large enterprises. It is the foundation for cutting-edge payment innovations.

Global Payments 124

Global Payments Blockchain TPS Interoperability 124

The Fintech Times

NOVEMBER 18, 2024

Volante Payments Intelligence addresses the increasing volume and complexity of the payments landscape, driven by the proliferation of real-time payments, the adoption of ISO 20022 , and the digitisation of payment flows.

ISO 20022 64

ISO 20022 Technology Real Time Payments ISOs 64

Fintech Finance

OCTOBER 23, 2024

Respondents cited difficulties in meeting the mandated 10-second 24/7 service level agreement (SLA) and coping with the increased message volumes. It’s clear that this will be a demanding period with pressure mounting to meet deadlines and avoid potential fines.” A mix of pre-screening and real-time screening follows at 25%.

Instant Payments 105

Instant Payments ISO 20022 Regulations Fraud Detection 105

Fintech Finance

JUNE 12, 2024

launch, which has also now rolled out to 100% of users, demonstrated strong demand for PayPal as a payment option to buy crypto with impressive results: Popularity : PayPal has quickly become the third most popular payment method in the U.S., overtaking Google Pay, and only slightly behind cards and Apple Pay.

PayPal 98

PayPal Cryptocurrency Debit Card Volume 98

Fintech News

APRIL 14, 2024

The digital era demands flexibility, rapid innovation, and a seamless customer experience—qualities that traditional systems struggle to provide with their high maintenance costs and integration complexities. At its heart, this journey is about redefining the essence of banking and financial services in a digital-first world.

Payment APIs and Integration 130

Payment APIs and Integration Payments Innovation On-Demand 130

Fintech Finance

OCTOBER 28, 2024

This expansion of the facility and an increase in its maximum size just four months after the initial securitisation announcement reflects the acceleration in Zilch’s transaction and lending volumes.

On-Demand 104

On-Demand Payment Networks Volume Participant 104