Finextra
MAY 22, 2024
A team of ex-Revolut employees have released Zeal, a DeFi wallet and debit card combination that enables direct cryptocurrency spending on everyday items, eliminating the need for conversion to fiat currency.
Bank Automation
MAY 22, 2024
JPMorgan Chase has identified three uses for generative AI to boost efficiency. “AI, and particularly large language models, will be transformational,” Chief Operating Officer Daniel Pinto said during the bank’s Investor Day on May 20, noting that the bank has been investing in AI for “a number of years.” The $3.
Finextra
MAY 22, 2024
British financial regulators have fined Citigroup £61.7 million over a $444 billion fat finger error that led to a $1.4bn sell off of equities in European markets.
Bank Automation
MAY 22, 2024
Fintech Lili, which provides a business platform for small and medium-sized businesses, has teamed up with Amazon Web Services to deploy a generative AI-driven chatbot for its customers.
Speaker: Jason Cottrell and Gireesh Sahukar
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Finextra
MAY 22, 2024
Google Pay has received a revamp to make it easier for shoppers to see card benefits, use BNPL on more sites, and ditch CVV codes in favour of biometrics at checkout.
Fintech News
MAY 22, 2024
Artificial Intelligence (AI) is revolutionising the financial sector, transforming how institutions operate and cater to their clientele. As AI becomes increasingly integrated into finance, it is reshaping how we manage and interact with our money daily. Financial institutions navigating the digital age must recognise AI’s immense potential and harness its power to drive growth, or risk getting left behind.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech News
MAY 22, 2024
Mastercard has announced the implementation of generative AI technology to significantly accelerate the detection of compromised cards, enhancing protection for cardholders and securing the payment ecosystem. Fraudsters frequently steal millions of payment card numbers through methods like spyware, malware, and card skimming, often selling partial card details on illegal websites.
Finextra
MAY 22, 2024
The US Consumer Financial Protection Bureau has ruled that buy now, pay later lenders should be treated in the same way as credit cards.
Fintech News
MAY 22, 2024
Crypto exchange Coinbase has launched the Tech Against Scams coalition, teaming up with industry leaders like Match Group (the parent company of Tinder and Hinge), Meta, Kraken, Ripple, Gemini, and the Global Anti-Scam Organisation (GASO) to tackle online fraud and financial schemes. The Tech Against Scams coalition focuses on preventing online fraud and financial schemes targeting consumers across various industries.
Finextra
MAY 22, 2024
President Biden and SEC chair Gary Gensler have both criticised a new cryptocurrency bill ahead of a US House of Representatives vote.
Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting
Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical
Fi911
MAY 22, 2024
When merchants accept credit card or debit card payments, the hope is that the funds from that sale will remain in their account as revenue. What happens when a transaction needs to be reversed, though? In this article, we will delve into the topic of credit card payment reversals. Understanding payment reversals is crucial for both consumers and businesses, as they can impact financial stability and consumer trust.
Finextra
MAY 22, 2024
The collapse of BaaS platform Synapse has forced teen finance app Copper to suddenly discontinue its bank deposit accounts and debit cards, leaving some customers unable to access their funds.
Fintech News
MAY 22, 2024
Over the past years, financial crime tech has risen to prominence, driven by increasing complexity and frequency of financial crimes, stricter regulations and compliance requirements, and technological advancements. The Global State of Scams 2023 Report by the Global Anti-Scam Alliance (GASA) and ScamAdviser reveals a severe global increase in scams.
Finextra
MAY 22, 2024
Majority, the platform offering mobile banking, international services and more to migrants in the US, today announced $20M in funding after a year of record growth, despite the tumultuous fintech market.
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
The Fintech Times
MAY 22, 2024
InvoiceMate , a blockchain and AI-powered invoice financing enabler has agreed to support the retail supply chain across the UAE alongside retail technology provider 24SEVEN , as part of a new partnership. By partnering, InvoiceMate and 24SEVEN will potentially strengthen financial inclusion for thousands of SMEs by combining retail and payment data with blockchain financing solutions.
Finextra
MAY 22, 2024
DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service, has announced the hiring of two new executives: Kyla Murphy, as Chief Product Officer and Lauren Veisz as Head of Operations.
Fintech Finance
MAY 22, 2024
As fraudsters seek new ways to exploit technology, Mastercard is using generative AI to double the speed at which it can detect potentially compromised cards, further protecting cardholders and securing the ecosystem. Fraudsters steal millions of payment card numbers through spyware, malware, and other clandestine practices such as card skimming. In a bid to sell this data to other criminals, they place part of the 16-digit numbers on illegal websites.
Finextra
MAY 22, 2024
Jaja Finance (“Jaja”) has today become one of the first UK fintechs to launch a Generative Artificial Intelligence (Gen AI) chat assistant using Anthropic’s state-of-the-art Claude 3 model family, accelerating the fintech’s journey to becoming the UK’s leading digital lender.
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Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?
Basis Theory
MAY 22, 2024
Tokenization is a PCI-compliant way to secure and mask sensitive cardholder data in what is called payment tokens. These payment tokens can take one of three forms, with the means, approach, and benefits of each diverging from one another.
Fintech Finance
MAY 22, 2024
HPS , the leading global provider of payment software and services, is thrilled to announce the official opening of its new office and delivery center in Pune, India, marking a significant milestone in the company’s global expansion strategy. The new office, strategically located in Pune, reflects our Group’s commitment to enhancing its global presence and strengthening its capabilities in delivering exceptional services to clients worldwide.
The Fintech Times
MAY 22, 2024
In recent years, digital currencies have been all the rave. However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. This May, The Fintech Times is looking to showcase some of these new methods and explore how the digital asset ecosystem is evolving.
Finextra
MAY 22, 2024
Mastercard is using generative AI to double the speed at which it can detect potentially compromised cards.
Speaker: Becky Parisotto and John Vurdelja
Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever
Bank Automation
MAY 22, 2024
At Bank Automation News, we want to ensure we are providing the most relevant, useful articles, reports, data and content to our readers. The financial services industry is constantly evolving, and we need your help to ensure we stay on the right path.
Payments Dive
MAY 22, 2024
American Express and Capital One cardholders can now see what rewards they would earn from purchases when checking out with Google Pay, the tech giant said in a blog post.
The Paypers
MAY 22, 2024
Singapore-based crypto payment gateway Alchemy Pay has set to launch Web3 Digital Bank, its new solution for multi-fiat accounts.
Finextra
MAY 22, 2024
Adopting distributed ledger technology in the pursuit of faster settlement times could hit liquidity and increase transaction costs, warns research from the World Federation of Exchanges (WFE).
Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms
In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.
The Fintech Times
MAY 22, 2024
Global fintech SumUp has launched direct debits, in a move it hopes will provide merchants with an even more streamlined payment experience. The new direct debit payments feature is immediately available for UK-based merchants that use a SumUp Business Account, an all-in-one, zero-fee solution introduced in 2021. A full UK current account that gives merchants total control of their finances on the move, the Business Account is managed via smartphone and enables merchants to spend, save, and mana
Finextra
MAY 22, 2024
The Intercontinental Exchange has been hit with a $10 million penalty for the failure of its subsidiaries - including Nyse - to quickly report a cyber intrusion to the Securities and Exchange Commission.
The Paypers
MAY 22, 2024
The Hong Kong Monetary Authority ( HKMA ) and the People’s Bank of China ( PBoC ) have advanced the e-CNY pilot for cross-boundary payments, expanding its scope in Hong Kong.
Finextra
MAY 22, 2024
Join FinextraTV in conversation with Robert Downs, Global Head of Corporate & Syndicated Lending, Finastra and Prakash Pattni, Managing Director - Digital Transformation, IBM Cloud for Financial Services, IBM, as we explore a plethora of topics including digitalisation gaps, cloud innovation, data and knowledge management, regulation, and competition and how they all intersect with each other to modernise lending.
Speaker: Jennifer Wright and Nick Barron
2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt
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