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Why the U.S. has reached a real-time tipping point

Finextra

The last I checked, it was the Waiting For Godot Moment In Finance :). 16 hours See all opinions External This content is provided by an external author without editing by Finextra.

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Indonesia’s Superbank Hits 1 Million Users, Fueled by Grab Integration

Fintech News

This allows them to open accounts, save, and make payments directly within the Grab app without the need for an additional app. Superbank offers products like flexible deposit accounts offering up to 7.5% interest per year and savings accounts with no administrative fees.

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Finastra Teams Up with Prelim to Enhance Account Onboarding

Finovate

Prelim made its Finovate debut in 2022. Finastra will integrate Prelim’s technology into its Finastra Phoenix core solution to enhance the deposit account opening experience for both retail and commercial accountholders. Prelim made its Finovate debut at FinovateSpring 2022. Headquartered in the U.K.,

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5 Key Drivers Behind Thailand’s Fintech Growth

Fintech News

Data from the Wing Vasiksiri and Ravenry report show Ascend Money’s TrueMoney is currently leading the market, boasting more than 26 million users in 2022. Today, the segment represents the most crowded vertical in the fintech Thailand scene. By the end of this year, that number is projected to surge past 30 million. billion (US$36.5

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RTP Picks Up Pace With Corporates, While CBDCs Raise Banker Doubts

PYMNTS

The country is currently in the development phase of the central bank digital currency (CBDC), with the report noting that Sweden is set to decide by November 2022 whether to pursue the technology. Banks are raising concerns that adoption of the eKrona could lead to mass withdrawals of funds in deposit accounts.

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Understanding Overdraft Programs (Part 1)

FICO

Courtesy overdraft is a service offered with a deposit account to provide liquidity to a bank customer when their balance has insufficient funds to cover incoming payments from a debit card, ATM, check or an ACH (Automated Clearing House) payment. However, we do not believe that is the direction for deposit account overdraft. .

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FICO World 2023: Four Enterprise Fraud Management Takeaways

FICO

billion in estimated authorized user/scam losses in the US in 2022, £485 million lost in the UK in 2022, 125 million scam victims in Brazil in 2021 (a shocking 59% of the population). There is also growing impact to traditional card portfolios, not just demand deposit accounts (DDA) and real-time payments channels.