Wed.Dec 11, 2024

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Vietnam and Cambodia Launch Cross-Border QR Payment Linkage

Fintech News

The State Bank of Vietnam (SBV) and the National Bank of Cambodia (NBC) announced the successful implementation of a cross-border QR payment system between the two countries. The pilot project, which began in mid-2022, has been completed as scheduled. This initiative allows Vietnamese and Cambodian visitors to use their domestic currencies, VND and KHR, for payments at various merchants in each other’s country.

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Google Cloud and Swift Pioneer Advanced AI and Federated Learning Tech to Help Combat Payments Fraud

Fintech Finance

To better combat fraud in cross-border payments, Swift, the global provider of secure financial messaging services, is working with Google Cloud to develop anti-fraud technologies that use advanced AI and federated learning. In the first half of 2025, Swift plans to roll out a sandbox with synthetic data to prototype learning from historic fraud, working with 12 global financial institutions, with Google Cloud as a strategic partner.

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Circle and Binance Partner to Accelerate USDC Stablecoin Adoption

Fintech News

Circle Internet Group and world’s largest crypto exchange Binance have formed a strategic partnership to expand the use of USDC, a stablecoin pegged to the US dollar. Binance will integrate USDC more deeply into its platform, offering over 240 million of its global users more options to trade, save, and use USDC for payments. The crypto exchange will also hold USDC as a significant asset in its corporate treasury.

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BofA’s CashPro® App Will Surpass a Record $1 Trillion in Payment Approvals for the Year

Fintech Finance

By the end of 2024, Bank of America corporate clients will have made over $1 Trillion in payment approvals on the banks CashPro App, the mobile application that companies use to manage their treasury operations. This will represent a more than 25% year-over-year increase in payments approved via the app, illustrating that clients are further utilizing the technology for its enhanced security and convenience.

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Breaking The Commerce Bottleneck: Your SAP Exit Plan Starts Now

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.

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KAST Raises US$10M Seed Funding to Build Global Stablecoin Platform

Fintech News

KAST, a fintech platform focused on stablecoins, has raised US$10 million in a seed funding round led by HSG (HongShan Capital Group) and Peak XV Partners. The round also saw participation from angel investors and partners of DST Global and Goodwater Capital. The funding will support KAST s initiatives in product development, licensing, international expansion, and hiring.

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Leading Fintech Armalytix Partners With Birchall Blackburn Law to Streamline Property Transactions

Fintech Finance

Armalytix , an award-winning fintech company that helps firms establish their clients financial position for compliance, affordability and more, has partnered with Birchall Blackburn Law, a highly respected law firm in conveyancing. With a proven track record in transforming financial data collection across different sectors, Armalytix has developed a sophisticated platform that streamlines Source of Funds (SoF) verification, addressing long-standing challenges in legal financial processing.

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Klarna Payment Options Now Available at Checkout on Apple Pay In-App and Online in Canada

Fintech Finance

Klarna , the AI-powered global payments network and shopping assistant, is now available to users in Canada checking out on Apple Pay online and in apps with iPhone and iPad on iOS 18 and iPadOS 18 or later.1 Beginning today, eligible Apple Pay users in Canada will have access to Klarna’s flexible payment offerings, including pay later in four installments with no interest, or over longer periods with competitive APRs.2 Klarna is the first BNPL provider to come to Apple Pay in Canada, and

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The National Payments Vision should mean a rethink on safeguarding

The Payments Association

What is this article about? The FCA’s proposed safeguarding reforms in light of the UK’s National Payments Vision and associated challenges. Why is it important? It highlights the need for a strategic, proportionate approach to safeguarding that aligns with broader regulatory and consumer protection goals. What’s next? The FCA and HM Treasury must reflect on the National Payments Vision to refine safeguarding reforms, ensuring customer benefits at a reasonable cost.

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FinTech Software and Payments Veteran Simon Black Joins ClearCourse Board

Fintech Finance

ClearCourse , a leading provider of industry-specific software and payments for UK SMEs, is pleased to announce the appointment of FinTech, Software and Payments veteran Simon Black as Non-Executive Director. Simon has a track record of leading technology companies through rapid periods of growth and brings a wealth of experience in strategy, branding, M&A and fundraising.

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Loop Launches Global Visa Card to Help SMEs Simplify International Finance Management

The Fintech Times

Canadian businesses will now be able to spend and settle credit balances in multiple currencies following the launch of the Loop Global Visa Card, by Loop , the global financial platform helping firms manage their international finances. Thousands of Canadian businesses use Loop, and with the launch of the new card, small and medium enterprises (SMEs) will now be able to manage cross-border payments while streamlining global operations.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

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Computop Supports Wero Acquirers in Payment Processing

Fintech Finance

Computop , the leading German payment service provider, known for connecting large retail companies to international payment methods, is entering a new business area with payment processing for acquirers. This move will also promote the market launch of the new European Wero Wallet. EPI (European Payment Initiative), the operator of Wero, relies on acquiring banks for the acceptance of Wero payments.

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Alternative Payment Methods

Clearly Payments

Alternative Payment Methods (APMs) have become a big part of todays evolving fintech landscape, as consumers seek faster, more convenient, and secure ways to pay. As digital transformation continues, new payment methods have grown beyond traditional credit and debit cards, reshaping the way businesses accept payments and how customers choose to make them.

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Gen Z Will Reach Record-High Usage of Buy Now, Pay Later (BNPL) Services This December, According to New Report

Fintech Finance

An anonymous data analysis of US social finance app Frich s community of 700k+ Gen Zers reveals that the second week of December sees the highest use of buy now, pay later services such as Klarna. BNPL spending next week is expected to rise beyond last year’s mid-December spike, as Gen Z heads into Christmas with higher debt levels compared to 2023.

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MNT-Halan Expands Into 4th GCC Country as it Lands in the UAE

The Fintech Times

MNT-Halan , the Egyptian fintech unicorn has achieved a new milestone in its Middle East expansion as it lands in the UAE. Underserved communities and businesses will now be able to benefit from a variety of accessible financial solutions by MNT-Halan. The first offering to launch in the UAE is Halan Advance, a fast, secure, and user-friendly salary financing solution, with additional services from its ecosystem set to follow.

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From Rigid To Resilient: Why Enterprises Need Modular Commerce Now

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.

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ThetaRay and Microsoft Launch New GenAI Financial Crime Detection Suite

Finovate

ThetaRay launched GenAI Financial Crime Detection Suite. The new suite is powered by Microsoft’s Azure OpenAI Service, which gives developers REST API access to OpenAI’s language models. The GenAI Financial Crime Detection Suite enables financial institutions to improve AML efforts, streamline compliance, and proactively manage risk indicators.

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Clear Junction Reveals Gap in Payment Industry’s Preparedness for MiCA Regulation

The Fintech Times

Many payment industry leaders are struggling with the complexities of the Markets in Crypto-Assets Regulation (MiCA), with 37 per cent citing uncertainty over which regulatory requirements apply to their businesses. This finding comes from a poll conducted during Clear Junction ‘s ‘MiCA Masterclass’ webinar, held in collaboration with financial services compliance consultancy fscom.

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3 Fintech Trends You’ll Hear a Lot About in 2025

Finovate

With only a few weeks to go until 2025, it is time to take a look at some of the trends we can expect to see more of in the next 12 months. There are a handful of topics that seem to be dominating the conversation in fintech as we wrap up 2024, and here’s what you’ll need to know as we head into 2025. Crypto I have to apologize for this one, because I know that many readers don’t want to hear anything about crypto.

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SuperFi Launches Bill-Payment Cashback Initiative with Support from Greater London Authority

The Fintech Times

SuperFi , a social impact fintech startup, has partnered with the London boroughs of Newham, Haringey, and Tower Hamlets to launch an initiative that rewards residents for paying their bills on time. The scheme, which aims to alleviate financial distress and prevent problem debt during the cost-of-living crisis, receives funding from the Greater London Authority s Tackling Poverty Challenge.

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15 Modern Use Cases for Enterprise Business Intelligence

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?

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Google Cloud joins with Swift in fight against fraud

Finextra

Bank-to-bank Payment network Swift is working with Google Cloud to develop multi-jurisdictional anti-fraud technologies that use advanced AI and federated learning

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Quality Over Quantity: Holiday Spending Shifts to Fewer High Ticket Items Reveals Tink

The Fintech Times

According to new research by payments services and open banking platform, Tink , climate-conscious consumers are investing in higher-quality goods, even if it means purchasing fewer items in total. The Tink report analysed the views of 2,000 UK consumers and over 500 UK high end merchants and found that 60 per cent of consumers would rather opt for higher-quality but fewer items, rather than many lower-quality items.

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Volante Technologies Releases Fourth Annual Mid-Tier Banking Report, Showing Record Investment Into Payments Modernization

Fintech Finance

Volante Technologies , the global leader in Payments as a Service (PaaS), today announced the release of its fourth annual survey of mid-tier banks. The report, produced in collaboration with Datos Insights, provides deep insights into how mid-tier banks can accelerate payments modernization to meet growing customer demands and remain competitive in the dynamic financial ecosystem.

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Bank of America hits payments milestones with CashPro App, Paze

Bank Automation

Bank of America on Dec. 10 revealed that its CashPro App will surpass $1 trillion in payment approvals by yearend up 25% from 2023. December is likely to see the highest volume of payment approvals due to holiday shopping and travel, according to a release from the $2.5 trillion bank. CashPro App launched in […] The post Bank of America hits payments milestones with CashPro App, Paze appeared first on Bank Automation News.

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The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

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

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LexisNexis Risk Solutions Agrees to Acquire IDVerse

Finovate

LexisNexis Risk Solutions has signed an agreement to acquire document authentication and fraud detection solutions provider IDVerse. Terms were not disclosed. The acquisition will enhance LexisNexis Risk Solutions’ ability to combat emerging threats such as AI-generated fraud and deepfakes. As OCR Labs, IDVerse won Best of Show in its Finovate debut at FinovateAsia 2017.

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Navigating the complex landscape of payment fraud

The Payments Association

Digital payments demand advanced fraud prevention, blending AI and human intelligence to counter evolving threats while ensuring seamless user experiences. The digital payment ecosystem is at the intersection of technological innovation and financial security, posing unprecedented challenges in protecting financial assets and maintaining customer trust.

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The ML flywheel: How we continually improve our models to reduce card testing

Stripe

Card testing is one of the most significant fraud threats to Stripe, its users, and the broader financial ecosystem. Stripes machine learningbased approachbased on rapid detection and retraininghas led to successful card testing attacks on Stripe decreasing by 80% over the last two years.

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Five payments trends to watch closely in 2025

The Payments Association

2025 payment trends focus on digital wallets, instant payments, AI, fraud prevention, and consumer convenience, driven by evolving regulations and innovation. As the payments landscape evolves, businesses face increasing pressure to adapt to technological advancements and changing consumer expectations. What was once cutting-edge has quickly become standard, and the pace of innovation shows no signs of slowing.

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7 Essential Criteria for Choosing the Right Payments Partner

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.

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Creating Sustainable Smart Cities: In Conversation With Laura Jepson, Deloitte

The Fintech Times

With over 3,000 participants at the Financial Sustainability Forum 2024 in Dubai, there were a lot of great conversations to be had. One that stood out to us was with Laura Jepson, lead public sector sustainability practice, Middle East, Deloitte, who explored the challenges of developing smart cities in a sustainable way across the region. In a conversation with Mark Walker , editorial director, The Fintech Times , Jepson said: MW: Can you tell us a bit about yourself and your role within the c

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Navigating LLM-powered app development in 2024

Finextra

With its rapid growth taking off in late 2022, the field of AI has been flourishing ever since.

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In a competitive landscape, RTPs move to stand out

Stripe

To compete with other payment methods for consumer preference, real-time payments are expanding their bundle of services to include subscriptions, credit, and in-person transactions.

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Why Only 20% of Your Data is Valuable

Finextra

One factor to apprehensive AI adoption is the overwhelm organisations feel when approaching their data, especially those that are not yet digital first. While attending Finextras inaugural NextGenAI event, Jonathan Ede, Director of Data Technology, CACI joined the studio to discuss his belief that only 20% of data is valuable. This in mind, he explains, enables organisations to approach AI and digitisation much more effectively and efficiently, whilst listing the pillars of AI: strategy, data an

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eCommerce in 2025: How Customer Experience Drives Online Retail Success

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