Mon.Sep 30, 2024

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Fed dissects consumer use of digital payments

Payments Dive

While most U.S. households have a bank account, just under half use a nonbank payment service, Kansas City Federal Reserve Bank research says.

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Data Protection Officers and Their Key Responsibilities

VISTA InfoSec

Data breaches, cyberattacks and misuse of personal information are severe threats challenging the privacy of customers data, they can not only damage a companys reputation but can also lead to heavy fines if compromised. To overcome these challenges, data protection laws are established. Data protection laws safeguard personal information and establish important guidelines on collection, storage, processing, sharing and disposal of personal data.

CCPA 130
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KASIKORNBANK to Launch Thailand’s First Licensed Digital Asset Custodian

Fintech News

KASIKORNBANK ( KBank ) has introduced orbix CUSTODIAN, which is set to become Thailand’s first licensed digital asset custodian. The new service, aimed at supporting local digital asset businesses, has received its license from the Ministry of Finance and operates under the supervision of the Securities and Exchange Commission (SEC). KBank is now finalising its systems ahead of an official launch in early 2025. orbix CUSTODIAN aims to provide secure, transparent digital asset custody servi

Economy 120
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Age Verification in Latin America 

Segpay

These days, kids consume hours of online content through social media, YouTube, TikTok and Gaming. Parents can’t monitor children’s online surfing 24/7. The protection of minors from inappropriate content, harmful products and services has become a global concern and Latin America is no exception. Age verification helps to create a safer internet environment.

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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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Matrixport Acquires Swiss Crypto Asset Manager to Expand European Footprint

Fintech News

Matrixport, a Singapore-based cryptocurrency financial services platform, has acquired Crypto Finance Asset Management (CFAM), a Swiss crypto asset manager. Previously part of the Deutsche Börse-owned Crypto Finance Group, CFAM has been renamed Matrixport Asset Management (MAM). The acquisition, which received regulatory approval from the Swiss Financial Market Supervisory Authority (FINMA), strengthens Matrixport’s position in the European market.

Acquirers 120
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Mastercard and Amazon Payment Services to Enable Digital Payment Acceptance Across Middle East and Africa

Fintech Finance

Mastercard and Amazon Payment Services have signed a multi-year commercial partnership agreement to digitize payment acceptance in Middle East and Africa, across countries including Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, South Africa and UAE. As part of the collaboration, the leading payment service provider (PSP) will adopt Mastercard Gateway – a single touchpoint for payment processing – as a payment solution available in 40 markets in the region.

Visa 110

More Trending

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Australia launches initiative to address tech talent shortage

Finextra

The Tech Council of Australia (TCA) has launched a initiative designed to address the battle for tech talent.

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Swedish Fintech Firm Vilja Expands into ASEAN, Chooses Malaysia as HQ

Fintech News

Vilja Solutions, a provider of cloud-based core banking platform, has selected Kuala Lumpur as its ASEAN headquarters, marking its expansion into the region. Around 60 digital banking industry leaders from Malaysia gathered at the event, joined by Swedish and Malaysian government representatives. Swedish Ambassador to Malaysia, H.E. Niklas Wiberg expressed support for Vilja’s initiative and highlighting the importance of promoting innovation that drives economic growth and financial inclusion.

FinTech 109
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PayU GPO Strengthens Nigerian Presence with New Country Manager Appointment

Fintech Finance

Today, PayU GPO, the leading online payment service provider operating in over 50+ emerging markets, announces the appointment of Ugochukwu Eze as Country Manager in Nigeria. Ugochukwu Eze – who has extensive fintech experience spanning 17 years – has served as PayU’s Director/Product Manager in Nigeria for nearly a decade, leading in the conceptualization and development of customer centric solutions critical to the market.

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ANZ Becomes First Australian Bank to Join MAS-Led Project Guardian

Fintech News

ANZ has become the first Australian bank to join Project Guardian , an initiative led by the Monetary Authority of Singapore (MAS). The project aims to explore broader access to tokenised real-world assets, such as commercial paper, in financial markets. ANZ will collaborate with Chainlink Labs and ADDX, a Singapore-based private market exchange platform, to test the interoperability of these assets between different blockchains.

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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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PayerMax and Saudi Awwal Bank Forge Strategic Partnership to Support Digital Payments

Fintech Finance

In a strategic move to enhance the digital payment ecosystem in Saudi Arabia, PayerMax , a leading global provider of payment solutions has announced a strategic partnership with Saudi Awwal Bank , a leading bank in the Kingdom of Saudi Arabia Kingdom. This partnership aims to redefine the digital payments landscape and streamline the onboarding experience for local merchants, facilitating seamless global transactions.

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Fintech Rundown: A Rapid Review of Weekly News

Finovate

We have breezed through September, and are now not only ready to take on a new month, but also a new quarter. Stay tuned to see what it will bring! Challenger banks Chime selects Morgan Stanley to manage its 2025 IPO. Qonto announces plans to expand to four new European markets: Austria, Belgium, the Netherlands, and Portugal. Lending Abrigo makes its Abrigo Small Business Lending commercially available.

FinTech 98
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EPI Launches Wero, Its European Digital Payment Wallet in France

Fintech Finance

European Payments Initiative (EPI) , a a European player committed to offering a sovereign payment alternative to all consumers in the region, today announced the launch of Wero. The European instant account-to-account payment solution will be available to French customers of BNP Paribas, Groupe BPCE, Crédit Agricole, Crédit Mutuel Alliance Fédérale, Crédit Mutuel Arkéa, La Banque Postale and Société Générale, as well as many of their subsidiaries.

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How to build an embedded finance program from the ground up

Tearsheet

Financial products have become an integral part of strategy for retail brands, and for good reason: embedded finance allows brands to go from being behind the counter to connecting more deeply with how consumers spend, store, and save their money. The embedded finance starter pack: Payments For brands looking to dive deeper into financial services, payment solutions are often the most common mode of entry.

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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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Chubb’s Digital Payments and Cyber Scams Survey Finds Growing Impact of Fraud on Consumers; Harms Trust in Payment Methods

Fintech Finance

Chubb , a world leader in insurance, today released the results of its new global survey, “ The Impact of Cyber Scams on Trust in Digital Payments ,” revealing the growing impact of cyber fraud on consumers, the misconceptions regarding cyber protections, and the significant changes in consumer purchasing behavior driven by escalating worries over cyber breaches.

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Introducing Stripe’s new API release process

Stripe

Starting today, we’re introducing a new release cadence and versioning system for all API endpoints that combines twice-yearly major updates with monthly feature enhancements. This set release schedule gives you the predictability and clarity that you need to better plan your engineering cycles.

API 88
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Jack Henry and Victor Offer Embedded Payments Platform for Regional and Community Financial Institutions to Better Support Business Customers

Fintech Finance

Jack Henry (Nasdaq: JKHY) announces the expansion of its collaboration with Victor Technologies , Inc., a subsidiary of MVB Edge Ventures, Inc. and part of MVB Bank, Inc. The companies launched an embedded payments management platform to help Jack Henry’s financial institution clients capitalize on Payments-as-a-Service (PaaS) market opportunities. MVB Bank, Dart Bank, and BayFirst National Bank are using the platform today.

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A new era of stablecoins: Ripple USD Begins testing on the XRP Ledger Mainnet

The Payments Association

Ripple is excited to announce we have begun beta testing Ripple USD (RLUSD) on the XRP Ledger (XRPL) and Ethereum mainnet. This is a significant milestone and a step closer to bringing more high-quality assets to the XRPL, driving new opportunities, liquidity, and institutional use cases for users, developers, and applications. The mainnet version of Ripple USD is also available on Ethereum, with plans to expand to additional blockchains and decentralized finance (DeFi) protocols over time.

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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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allpay cards and Enfuce Join Forces to Accelerate Fintech Innovation with MyCard Solution in the UK

Fintech Finance

allpay cards is thrilled to announce a new partnership with Enfuce , one of the fastest-growing fintechs in Europe, to support their innovative MyCard solution in the UK. This strategic collaboration allows allpay cards to deliver seamless card manufacture and personalisation services for Enfuce’s UK clients, further strengthening their commitment to offering cutting-edge solutions to the fintech sector.

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In the mind of the merchant: Top challenges and priorities for the next 12 months

The Payments Association

What is this article about? The challenges and priorities facing merchants in the evolving payments landscape over the next 12 months. Why is it important? It highlights key trends, such as open banking, tokenisation, and fraud prevention, which are crucial for merchants to remain competitive and secure. What’s next? Merchants need to continue adapting to new payment methods, collaborate with industry peers, and stay agile in balancing innovation and regulatory compliance.

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FCA and BoE open digital securities sandbox

Finextra

The UK's two main financial regulators, the Bank of England (BoE) and the Financial Conduct Authority (FCA), have announced the opening of its Digital Securities Sandbox (DSS).

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Inclusive innovation: how banks and credit unions can democratize payments

Payments Dive

Open Finance helps banks democratize and secure payments. Here’s what you need to know.

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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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Open banking: Where next for the UK following the King’s Speech?

Finextra

In 2017, the UK introduced open banking, a concept born from an initiative by the Competition and M.

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FIS partners with Commerce Bank to launch end-to-end loyalty platform

The Paypers

Fintech FIS has provided an end-to-end loyalty programme management platform for US-based Commerce Bank , allowing customers to redeem loyalty points and the point of sale.

FinTech 69
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ANZ joins MAS-led asset tokenisation project

Finextra

ANZ is the latest bank to join the Monetary Authority of Singapore's multi-year Project Guardian initiative to explore asset tokenisation applications.

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inDrive income-based loans for drivers in Colombia with R2

The Paypers

Global mobility app inDrive has launched inDrive Money, a financial product in Colombia that offers drivers income-based loans via the app in partnership with fintech R2.

FinTech 68
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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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Ireland to grant National Cyber Security Centre emergency powers

Finextra

Proposed legislation is set to give Ireland's cybersecurity agency the power to monitor all of the country's internet traffic when there is a "pressing national security threat".

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The Barriers, Innovations and Future of Digital Banking: October at The Fintech Times

The Fintech Times

In October, The Fintech Times will shine a spotlight on some of the most pressing issues shaping the future of digital banking, open finance and fintech innovation. To keep you updated, we’ve engaged with industry experts to explore the challenges and opportunities within open finance, the growing importance of sustainability and the evolving role of artificial intelligence in banking.

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Man pleads guilty to illegally operating crypto ATM network

Finextra

In a UK first, a man has pleaded guilty to illegally operating a network of crypto ATMs without FCA registration.

ATM 69
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First Citizens, SVB taking integration slowly

Bank Automation

First Citizens Bank and Silicon Valley Bank are slowly integrating their tech stacks while keeping their individual digital road maps relatively separate. “There has been a period of isolation where First Citizens wanted us to complete our digital journey and road map,” Milton Santiago, head of global digital solutions at SVB, told Bank Automation News. […] The post First Citizens, SVB taking integration slowly appeared first on Bank Automation News.

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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