Mon.Apr 29, 2024

article thumbnail

Coffee with the Council Podcast: Help Shape the Future of Payment Security as a PCI SSC Participating Organization

PCI Security Standards

Welcome to our podcast series, Coffee with the Council. I'm Alicia Malone, Senior Manager of Public Relations for the PCI Security Standards Council. At our Community Meetings in 2022, the Council announced a significant change to its Participating Organization program. Today, I am joined by the Council's Senior Vice President of Education and Engagement, Mark Meissner who has been spearheading this effort, and is going to talk about some of these changes over the past couple of years, and how t

article thumbnail

Q&A with Jack Henry’s Nicole Harper on financial literacy

Bank Automation

Technology provider Jack Henry leans into its financial health training and offerings during April — Financial Literacy Month.

article thumbnail

IFC Invests US$150M to Support Indonesian MSMEs, Expand Digital Access in Thailand

Fintech News

The International Finance Corporation (IFC) has partnered with KB Kookmin Card (KBC), a South Korean credit card issuer, to enhance financial access for small businesses in Indonesia and promote digital inclusion in Thailand. The financing agreement allocates a total of US$150 million in loans to subsidiaries of KBC operating in the two countries, comprising approximately US$100 million in Indonesian rupiah to PT KB Finansia Multi Finance (KB FMF) and US$50 million in Thai baht to KB J Capital (

article thumbnail

BNP Paribas, Deutsche Bank embrace cost discipline in Q1

Bank Automation

European banks BNP Paribas and Deutsche Bank plan to pull back on expenses this year as they lean into their tech investments. “We are maintaining our cost discipline,” Deutsche Bank Chief Executive Christian Sewing said during the $578 billion bank’s first-quarter earnings call April 25.

article thumbnail

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.

article thumbnail

Monzo set to raise further £500 million

Finextra

UK digital bank Monzo is reportedly putting the finishing touches to a new £500 million fund raise with support from Hedosophia, an early backer of Airbnb and Uber.

121
121
article thumbnail

Mandiri Capital Indonesia Showcases Xponent Programme at Money 20/20 Asia

Fintech News

Mandiri Capital Indonesia (MCI), the venture capital arm of Bank Mandiri, is debuted its Xponent programme at the recent Money 20/20 Asia in Bangkok, aiming to enhance collaboration within the fintech sector. The programme, now in its fourth edition, connects startups and technology companies with Mandiri Group’s business units to foster growth and partnerships in the financial technology landscape.

More Trending

article thumbnail

Ravi Kaushik to Lead Flourish Ventures’ Fintech Portfolio in India and SE Asia

Fintech News

Flourish Ventures, an early-stage venture capital firm, has announced the appointment of Ravi Kaushik as its new Executive Director, Head of Asia Investments. In his new role, Kaushik will oversee the firm’s fintech investments and portfolio management across India and Southeast Asia. Previously, Kaushik was the CFO of Agro.Club, a global B2B grain marketplace, where he managed financial strategies and operations for the company’s 250 employees across five regions.

FinTech 111
article thumbnail

DigiShares and InvestBay Team Up to Tokenize and Democratize Real Estate Investing

Finovate

White-label tokenization platform for real estate DigiShares has partnered with Czech online real estate investing platform InvestBay. InvestBay will leverage DigiShares’ technology to tokenize real estate. Headquartered in Denmark, DigiShares made its Finovate debut at our online fintech conference in the spring of 2021. Denmark-based white-label tokenization platform for real estate DigiShares has partnered with Czech online real estate investing platform InvestBay.

article thumbnail

APAC Leaders Convene at Huawei Congress to Discuss Digital Growth

Fintech News

The Huawei Digital and Intelligent APAC Congress , co-hosted by Huawei and the ASEAN Foundation, recently concluded in Bangkok, drawing over 2,000 participants from 15 Asia Pacific nations. The event featured discussions on advancing digital and intelligent infrastructure in the region. Participants included government officials, scholars, and industry experts who explored strategies for enhancing the digital economy of Asia-Pacific, which is experiencing a period of major growth.

APACS 110
article thumbnail

Solo GP fund Andrena Ventures hopes to carry startup talent onto its next challenges

TechCrunch Fintech

Gideon Valkin's solo VC firm Andrena Ventures raised $12 million from backers including several VCs and entrepreneurs, and made its first investment into AI startup Nustom. © 2024 TechCrunch. All rights reserved. For personal use only.

AI 108
article thumbnail

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

article thumbnail

HSBC Group CEO Noel Quinn Announces Retirement

Fintech News

HSBC Group’s Chief Executive Noel Quinn is set to retire, marking the end of a near five-year stint at the helm of the banking giant. The bank said in a statement that it has achieved notable milestones, including record profits and robust returns, the strongest in over a decade under his leadership. Quinn’s tenure saw significant strategic shifts, including the divestitures of HSBC’s operations in Canada and Argentina , which streamlined the bank’s focus.

Returns 110
article thumbnail

Finastra’s Bacsactive-IP Solution Supports ScotPayments With Prevention of Payments Fraud and Error

Fintech Finance

Finastra , a global provider of financial software applications and marketplaces, today announced the go-live of its Bacsactive-IP Confirmation of Payee (CoP) service with ScotPayments , a centralized payments platform that supports the digital transformation of public services in Scotland. Finastra’s technology is helping businesses to proactively prevent fraud or accidental misdirection of funds.

article thumbnail

The Rise of Virtual Credit Card Fraud: What Lenders Need to Know

Finezza

With 67% of the 2000+ Fintech startups incorporated in the last five years alone, the world of digital payments in India is changing fast. Amidst this boom, virtual credit cards have revolutionised digital transactions with their ease of use. However, this innovation has also paved the way for a concerning rise in virtual credit card […] The post The Rise of Virtual Credit Card Fraud: What Lenders Need to Know appeared first on Finezza Blog.

article thumbnail

How Love’s is remaking stores and checkout

Payments Dive

The convenience store chain has installed some self-checkout machines to replace employee checkout counters, C-Store Dive said in reporting on the company’s $1 billion renovation program.

88
article thumbnail

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.

article thumbnail

Fintech funding drops to four-year low in Q1

Bank Automation

Fintech funding hit a four-year low in the first quarter of 2024, partly driven by the higher cost of capital and a change in priorities for investors. Global fintech funding clocked in at $7.

FinTech 78
article thumbnail

NRF objects to Visa-Mastercard settlement

Payments Dive

The National Retail Federation lashed out at a landmark Visa-Mastercard legal settlement Friday, calling the pact reached with some merchants last month “meager and temporary” relief.

article thumbnail

AMLYZE: Is the Global Anti-Money Laundering (AML) System Broken?

The Fintech Times

In the last two decades, anti-money laundering (AML) regulatory framework, processes and mechanisms have not changed much. As a result, fraudsters are capitalising on firms’ inadequacies to spot and deal with money laundering. Alexandre Pinot , co-founder and head of innovation and strategy at Vilnius, Lithuania, headquartered AMLYZE , the AML/CFT compliance firm explains where the gaps in the current AML system are.

article thumbnail

The Bank of London launches GenAI assistant

The Paypers

The Bank of London has announced the launch of its GenAI assistant to address general and technical difficulties in real-time and aid enterprise API integration.

API 77
article thumbnail

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?

article thumbnail

NatWest becomes first UK bank to issue IP-backed loan

Finextra

NatWest has extended its first mass market Intellectual Property-backed loan to UK software company Sci-Net.

75
article thumbnail

Alipay Sets Sights on Tourism in Asia, As New Partnerships Boost Travel to South Korea and China

The Fintech Times

Alipay has continued its efforts across the globe, with a focus on tourism in Asia; through partnerships with the Korea Easy Payment Foundation and Jeju Tourism Organization in South Korea, as well as the Huangshan Tourism Group in China. Alipay+ has signed a business agreement with the Korea Easy Payment Foundation (KEPF) and Jeju Tourism Organization (JTO).

SARS 72
article thumbnail

Danish fintech Ageras raises €82m for acquisitions

Finextra

Danish accounting software fintech Ageras is on the acquisition hunt after securing €82 million in funding.

FinTech 69
article thumbnail

Greg Palmer and the Finovate Podcast: Financial Literacy, Core Banking, and Deepfake Detection

Finovate

Finovate VP and host of the Finovate podcast Greg Palmer continues his conversations with Best of Show winning companies from FinovateEurope. Join Greg as he talks about the next generation of investment and wealth management content with Salman Hussain of Zeed , the value of flexibility in core banking with Richard Weston of Tuum , and the challenge of identity theft, deep fakes, and the escalating AI arms race with Gal Haselkorn of Corsound.ai.

article thumbnail

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

article thumbnail

Paysafe Introduces Pay by Bank, Enabling US Bettors Greater Payments Choice and Security

The Fintech Times

Payments platform Paysafe has launched Pay by Bank for iGaming and sports betting, a new solution enabling American players to instantly and securely fund wagers directly from their online bank accounts, as well as enabling them to quickly withdraw winnings to their bank accounts. This product expands the capabilities of the Paysafe ‘Gateway’, the iGaming payments solution connecting US operators to the market’s most comprehensive range of traditional and alternative payment methods

article thumbnail

1POINT6, a Fintech Dedicated to Managing Payments for Marketplaces, Obtains Payment Agent Status and Signs Up Its First Customer

Fintech Finance

1POINT6 , formerly Panto, announces that it has obtained payment agent status and signed its first customer less than 6 months after its co-creation by BNP Paribas and Studio 321 (October 2023). In partnership with BNP Paribas, 1POINT6 offers an avant-garde payment platform for marketplaces. Its brand name, a reference to the golden number, reflects the precision and efficiency of its API, which is broken down into six essential functionalities designed to transform the way payments are received

article thumbnail

How Is Embedded Finance Ensuring the Checkout Experience Is Financially Inclusive?

The Fintech Times

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. As the space rapidly develops, we look to highlight the latest developments, initiatives and challenges embedded finance has to offer and overcome across the globe. Having looked at everything in the banking-as-a-service (BaaS) space and online marketplaces, our final focus in April is on embedded finance in e-commerce and the checkout exper

article thumbnail

FSB Asia addresses cross-border payments, AI and climate change

Finextra

The Financial Stability Board (FSB) Regional Consultative Group for Asia (RCG Asia) met today in Colombo.

article thumbnail

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.

article thumbnail

Flutterwave and Acquired.com Join Forces to Tackle African Payments Providers’ Biggest Challenges

The Fintech Times

Flutterwave , Africa’s payments technology company, has joined forces with payment processing specialist, Acquired.com , to help users process domestic card payments on ‘Send App’, Flutterwave’s flagship remittance product. Send App enables customers to send money quickly and reliably to local bank accounts and mobile money wallets. Leveraging Acquired.com’s payment processing expertise, Send App will offer faster and more secure outward remittance transactions for UK and EU ca

article thumbnail

prestaShop intoduces Mastercard's Click to Pay

Finextra

In an era of rapid digitalization of financial services, PrestaShop, a world leader in e-commerce solutions, has joined forces with Mastercard to introduce Click to Pay: a payment solution designed to simplify and enhance the online payment experience for consumers across Europe.

Visa 64
article thumbnail

Shopware Integrates Brite Payments Open Banking Solution Allowing Instant and Direct Payments

The Fintech Times

Shopware , the e-commerce platform, has partnered with Brite Payments , the instant bank payments solution provider to allow its merchants’ customers to pay instantly, directly from their bank account. This has been made possible following the integration of Pay by Bank, an account-to-account (A2A) open banking-based payment solution provided by Brite.

article thumbnail

RBA releases report on interlinking fast payment systems for cross-border transfers

Finextra

The Reserve Bank of Australia (RBA) today released a report analysing the benefits, design choices and challenges associated with linking fast payment systems across countries.

article thumbnail

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