UK Post Office axes MoneyGram services in wake of cyber attack
Finextra
OCTOBER 1, 2024
The UK's Post Office is no longer offering MoneyGram services in the wake of a serious cyber security incident at the American money transfer giant.
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BPI and TCH wade into Corner Post litigation
Finextra
OCTOBER 17, 2024
The Bank Policy Institute (BPI) and The Clearing House Association filed a motion to intervene today in Corner Post, Inc. Corner Post, a North Dakota truck stop, is challenging the Federal Reserve’s 2011 rules governing debit interchange revenue established pursuant to the “Durbin Amendment” in the Dodd-Frank Act.
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Thailand Post Set to Join Virtual Banking Race After Board Nod
Fintech News
AUGUST 27, 2024
Thailand Post is positioning itself to join the virtual banking licensing race following approval from its board, according to a report by the Bangkok Post. This approach would diversify Thailand Post’s services and expand financial access to more segments of the population.
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Real-time data drives consumer decisions post rate cut
Bank Automation
SEPTEMBER 24, 2024
Now […] The post Real-time data drives consumer decisions post rate cut appeared first on Bank Automation News. Banks have already been strengthening their client relationships by leaning on data and analytics to offer clients specific products that help them save for retirement or home purchases.
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How to Package and Price Embedded Analytics
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Just by embedding analytics, application owners can charge 24% more for their product. How much value could you add? This framework explains how application enhancements can extend your product offerings. Brought to you by Logi Analytics.
SEB selects Broadridge for post-trade processing
Finextra
SEPTEMBER 25, 2024
NYSE: BR) today announced that Skandinaviska Enskilda Banken AB (SEB) is leveraging Broadridge’s international post-trade processing solution to simplify and streamline its securities business across international and domestic markets. Global Fintech leader Broadridge Financial Solutions, Inc.
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MoneyGram 'shocked' by UK Post Office move to end relationship
Finextra
OCTOBER 2, 2024
US money transfer giant MoneyGram has responded to the UK Post Office's decision to terminate a long-term relationship between the two following a cyber security incident.
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LSEG buys Axoni post-trade tech business
Finextra
SEPTEMBER 16, 2024
The London Stock Exchange Group (LSEG) has acquired the Veris post-trade processing business and related intellectual property from Axoni. Financial terms were not disclosed.
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Broadridge upgrade takes aim at cyber threats and resilience in post-trade processing
Finextra
OCTOBER 15, 2024
NYSE: BR) has launched a range of enhanced services and solution capabilities for international post-trade processing. In response to the increased sophistication and prevalence of cyber threats, and board mandates on operational resilience, Broadridge Financial Solutions, Inc.
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Atom Bank posts first pre-tax profit
Finextra
JUNE 18, 2024
Atom Bank has posted its first pre-tax profit, boosted by a 40 per cent increase in its loan book to £4.1bn, with a 55 per cent jump in residential mortgage balances to £3.2bn.
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PayPal taps Fiserv exec for top new post
Payments Dive
DECEMBER 6, 2023
PayPal’s new CEO is making executive suite changes, creating a president of global markets post and tapping a payments industry veteran for the role.
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SpectrAxe joins Osttra post-trade network
Finextra
JULY 18, 2024
SpectrAxe, the pioneering central limit order book (CLOB) for over-the-counter (OTC) FX options, is partnering with OSTTRA, a leading provider of post-trade solutions, to offer a comprehensive end-to-end service from price discovery through to execution, booking, and risk management in the FX options market.
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Dave posts first quarterly profit since 2016 inception
Bank Automation
MARCH 5, 2024
For the first time since it was founded in 2016, digital bank Dave posted a profitable quarter. Dave reported fourth-quarter adjusted EBIDTA of $10 million compared to a loss of $13 million in Q4 2022, according to the bank’s earnings release today.
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CrowdStrike IT outage helps Post Office reports record cash transactions in July
Finextra
AUGUST 12, 2024
New figures released today reveal Post Offices handled a record £3.77 billion in cash deposits and withdrawals in July.
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Broadridge Unveils Gen AI-Powered OpsGPT to Navigate Post-Trade Complexities
Fintech News
JANUARY 14, 2024
Broadridge Financial Solutions has unveiled OpsGPT to assist operations users, analysts, and management teams in navigating the complexities of post-trade activities. It seamlessly integrates with Broadridge’s existing post-trade solutions, facilitating global access across multiple asset classes.
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Galileo Launches Post-Purchase Installment Payment Offering
Finovate
MARCH 20, 2024
Galileo has expanded its BNPL tool to allow banks and fintechs to offer cardholders post-purchase installment payment options. The SoFi-owned company launched an API for its bank and fintech clients that will enable them to offer their cardholders post-purchase installment payment options. Curve, a U.K.-based billion deal.
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Post Bank, JCB ink acquiring agreement in Russia
Payments Source
NOVEMBER 25, 2020
Moscow-based JSC Post Bank has established a merchant acquiring agreement with JCB International to allow JCB cardholders to withdraw cash from all of the bank's ATMs and make payments at Post Bank point-of-sale terminals in Russia.
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Flywire posts net loss despite customer wins
Payments Dive
AUGUST 11, 2022
The payments software company posted a second-quarter loss despite client wins being higher than usual and revenue jumping more than 50 percent.
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Finra fines M1 Finance over misleading social media influencer posts
Finextra
MARCH 18, 2024
M1 Finance has been fined $850,000 by the Financial Industry Regulatory Authority (Finra) for social media posts made by influencers on the fintech's behalf.
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An Post signs with Safecypher to drive down card-not-present fraud
Finextra
JULY 30, 2024
Safecypher, one of Europe’s leading card payments security companies, has launched a new advanced anti-card fraud technology in partnership with An Post.
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SBI Securities selects Broadridge for post-trade services
Finextra
APRIL 15, 2024
has selected Broadridge’s post-trade solution to launch its equities brokerage services to clients in the UK, through its subsidiary SBI Shinsei International Limited. Global Fintech leader Broadridge Financial Solutions, Inc. NYSE:BR) today announced that SBI SECURITIES Co.,
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M1 Finance Receives FINRA Fine for Misleading Social Posts
Finovate
MARCH 19, 2024
FINRA stated that around 1,700 influencers posted content, some of which was unfair and contained exaggerated, unwarranted, promissory, or misleading claims. The offending posts occurred because M1 Finance did not review or approve the influencers’ content before they posted it. FINRA, a U.S.
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DTCC collaborates Cboe Clear Europe to deliver enahnced post-trade workflows
Finextra
JUNE 11, 2024
DTCC, the premier post-trade market infrastructure for the global financial services industry, today announced it is working with Cboe Clear Europe to deliver an enhanced post-trade workflow for over-the-counter (OTC) cash equities trades to help increase settlement efficiencies across UK and European markets.
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Galileo adds post-purchase installment payments to BNPL offering
Finextra
MARCH 19, 2024
NASDAQ: SOFI), announced today an expansion of their Buy Now, Pay Later offering that allows banks and fintechs to offer cardholders new post-purchase installment payment options via their existing debit or credit card account. Galileo Financial Technologies, a leading financial technology company owned by SoFi Technologies, Inc.
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Klarna posts Q1 results
Finextra
MAY 31, 2024
Today, the AI-powered global payments network and shopping assistant, Klarna announces profitable start and continued growth outpacing ecommerce, reporting its Q1 2024 financial results.
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bunq’s UK Ambitions: Strategic ‘Patience’ in Post-Brexit Reentry
The Fintech Times
JUNE 30, 2024
” The post bunq’s UK Ambitions: Strategic ‘Patience’ in Post-Brexit Reentry appeared first on The Fintech Times. We just need to continue to work hard on our application and allow the regulator to do their job. “We cannot wait to be back, stay tuned!”
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How fintechs can help small businesses recover and grow post COVID-19
Payments Dive
SEPTEMBER 29, 2020
Mobile Payments Today interviewed Victor Ho, CEO of Fivestars Marketing regarding how fintechs can help small businesses thrive in a post-pandemic environment.
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Have banks, fintechs compete to bring banking services to post offices
Payments Source
AUGUST 18, 2020
A pilot program that would let banks, credit unions and challenger banks bid to offer financial services within rural and inner-city post offices could be a first step in serving the underbanked while also helping to shore up the U.S. Postal Service's finances.
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Creativity and innovation will be the post-pandemic keys to customer retention
Payments Dive
AUGUST 4, 2020
Once the world has transitioned into a post-pandemic phase, businesses that realize health and safety will still be paramount to customers will be the ones determined to find creative and innovative ways to maintain and retain customers.
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An Post and Safecypher partner to combat CNP fraud
The Paypers
JULY 30, 2024
UK-based fraud prevention startup Safecypher has partnered with Irish post office An Post to drive down Card-Not-Present (CNP) payment fraud.
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Illimity posts €23 million net profit
Finextra
AUGUST 8, 2024
The Board of Directors of illimity Bank S.p.A. illimity” or the “Bank”), chaired by Rosalba Casiraghi, met yesterday to approve the results of the illimity Group as at 30 June 2024.
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Digital IDs from Lloyds, Yoti and the Post Office gain proof of age accreditation
Finextra
JUNE 25, 2024
Three digital ID apps from Yoti, Lloyds Bank and the Post Office have been accredited by the UK’s national Proof of Age Standards Scheme (Pass).
Post Investment: Can Fintech Rebuild on Value, Not Hype?
The Fintech Times
FEBRUARY 12, 2024
That being said, FTX has since collapsed due to fraud, while WeWork went bankrupt and Uber posted its first profitable quarter this year – despite being founded in 2017. The post Post Investment: Can Fintech Rebuild on Value, Not Hype? However, to the strategically minded, every crisis is an opportunity.
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Galileo Expands Buy Now Pay Later Solution to Include Post-Purchase Options for Credit and Debit
Fintech Finance
MARCH 19, 2024
(NASDAQ: SOFI), announced today an expansion of its Buy Now, Pay Later offering that allows banks and fintechs to offer cardholders new post-purchase installment payment options via their existing debit or credit card account. By expanding pay over time opportunities, post-purchase financing is ushering in a new era of responsible lending.”
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How to Achieve Post-Busy Season Success in Accounting
FloQast
MAY 22, 2024
This year, I encourage you to use this post-busy season time to go deeper. The post How to Achieve Post-Busy Season Success in Accounting appeared first on FloQast. Strategic Career Planning Accounting departments often conduct annual reviews.
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Zip posts loss under new leadership
Payments Dive
AUGUST 30, 2023
After overhauling the business to stem cash burn and turn a profit, BNPL firm Zip’s annual loss narrowed over last year.
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Pleo posts strong full year revenue growth
Finextra
JULY 3, 2024
Pleo, one of Europe’s leading spend management platforms, is celebrating another year of triple digit SaaS growth, leading to group revenue increase of over 50% for FY23.
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Post Office offers cash deposits from Monzo customers
The Paypers
APRIL 10, 2024
UK-based Post Office has enabled cash deposits for digital bank Monzo ’s customers across all of the former’s facilities in the UK.
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Rakuten to raise $2.4 billion as Japan Post, Tencent invest
Payments Source
MARCH 12, 2021
and Japan Post Holdings Co., Rakuten Inc. plans to raise 242 billion yen ($2.2 billion) by selling shares to investors including Tencent Holdings Ltd., Walmart Inc. bankrolling expansions into AI, finance and mobile.
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Entrust launches Post-Quantum Ready PKI platform
The Paypers
JANUARY 11, 2024
Payments, identities, and data company Entrust has announced the launch of its Post-Quantum Ready PKI-as-a-Service (PKIaaS PQ) platform.
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Restaurants’ coronavirus tech could stick around post-lockdown
Payments Source
MAY 26, 2020
The coronavirus shutdowns have tossed businesses into disarray in numerous ways, most notably the tricky transactions that come with operating a restaurant as a drive-through for the first time.
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Orange Money and Jordan Post join forces
The Paypers
APRIL 17, 2024
Orange Money and the Jordan Post Company have signed an agreement to boost digital financial services in Jordan.
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Facebook Agrees To Labeling Program For UK Instagram Posts
PYMNTS
OCTOBER 16, 2020
Facebook’s Ireland and United Kingdom unit has agreed to change the way Instagram works to “make it much harder for people to post an (advertisement) on Instagram without labelling it as such,” Britain’s top antitrust regulator announced Friday (Oct.
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Six contactless technologies for restaurants in a post-pandemic world
Payments Dive
JUNE 26, 2020
Restaurants looking to recover from the COVID-19 pandemic should consider a series of contactless ordering and payment technologies that will help bring customers back in a secure and healthy environment.
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