Wed.Aug 28, 2024

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Project Ensemble: Hong Kong Embraces Asset Tokenisation With New Sandbox

The Fintech Times

The concept of tokenisation has several meanings and promises to drive a seismic shift in global finance in a number of ways. Looking to harness this potential, the Hong Kong Monetary Authority (HKMA) launched ‘Project Ensemble’ in March earlier this year, a wholesale central bank digital currency (wCBDC) project, to support the development of the tokenisation market in the region.

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PCI SSC Releases ROC Template for PCI DSS v4.0.1

PCI Security Standards

The PCI Security Standards Council (PCI SSC) has released the PCI Data Security Standard (PCI DSS) Report on Compliance (ROC) Template for v4.0.1 to align with PCI DSS version 4.0.1, to address minor errors, and to reformat the template.

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Helicap Raises US$4.3 Million in Series B Led by Kenanga Investors

Fintech News

Helicap, a fintech investment platform, has raised US$4.3 million in its ongoing Series B funding round, as disclosed in regulatory filings viewed by DealStreetAsia. Kenanga Investors, a subsidiary of Malaysia’s Kenanga Investment Bank, emerged as the lead investor, contributing US$4 million to the round. Following this investment, Wira Ismitz Matthew De Alwis, CEO of Kenanga Investors, will join Helicap ‘s board of directors.

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Shoppers’ online fraud fears escalate

Payments Dive

Four in five consumers are worried about identity theft or someone stealing their credit card numbers, according to a report this month from the credit monitoring agency Experian.

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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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Jumio’s Identity Verification Solutions Now Available on AWS Marketplace

Fintech News

Jumio, a global provider of AI-driven identity verification and compliance solutions, is now available on the AWS Marketplace. AWS Marketplace is a digital catalog that offers a wide range of software from independent vendors, enabling its users to find, test, purchase, and deploy software. Jumio’s platform utilises various AWS services, including Amazon SageMaker and Amazon Rekognition, to deliver its solutions.

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Nearly One in Five Consumers Struck by Online Identity Fraud, According to ACI Worldwide Speedpay Pulse Report

Fintech Finance

Digital payment preferences are surging, according to the 2024 ACI Speedpay Pulse Report, published by ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology. More than three-quarters of Americans now prefer to pay their bills digitally, especially Gen Z and Millennials, who show a significant inclination toward mobile payments.

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Unlocking Efficiency and Reducing Stress: A Survey on Financial Automation in the DACH Region

FloQast

Accounting and finance teams around the world are grappling with new, more pressing challenges, including rising burnout, the need for faster operations, and a shrinking talent pool. Accounting departments across the DACH region are not immune to these challenges. Not only are they dealing with these global pressures, but they are also navigating the unique complexities of stringent regulatory demands and investor expectations.

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Trust Bank Unveils New Cashback Credit Card on 2nd Anniversary of Its Launch

Fintech News

Singapore’s digital bank Trust has introduced a new cashback credit card on the second-anniversary of its launch. The new Trust Cashback Card offers features such as instant cashback credit, real-time earnings tracking, and a consolidated billing option for customers who hold both the Trust Link and Cashback cards. The card also provides a quarterly bonus rate of up to 15% on selected spending categories and discounts of up to 20% from partners including Agoda, Caltex, CDG Zig, Deliveroo, and KF

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Galileo connects with Mastercard Smart Data

Finextra

Galileo Financial Technologies, a leading financial technology company owned by SoFi Technologies, Inc. (NASDAQ: SOFI), is now offering its fintech clients, with fintech Rho as the first to launch, the ability to connect their business customers to Mastercard Smart Data, a market-leading expense reporting and analytics suite.

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FlexM Gets In-Principle Nod from MAS for Payments License

Fintech News

FlexM, a fintech company known for its Fintech-as-a-Service (FaaS) platform, has received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license will allow FlexM to offer services including account issuance, e-money issuance, domestic money transfers, merchant acquisition, and cross-border money transfers.

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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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Galileo Enhances B2B Expense Management Offering with Mastercard Smart Data

Fintech Finance

Galileo Financial Technologies , a leading financial technology company owned by SoFi Technologies, Inc. (NASDAQ: SOFI), is now offering its fintech clients, with fintech Rho as the first to launch, the ability to connect their business customers to Mastercard Smart Data, a market-leading expense reporting and analytics suite. By integrating detailed transactional data directly from Mastercard, businesses can significantly reduce the time and complexity of managing corporate expenses.

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Flutterwave expands African footprint with Ugandan payments licence

Finextra

Flutterwave, a leading payments technology company, has received a Payment Systems Operator (PSO) license from the Bank of Uganda.

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Teya Launches Tap to Pay, Enabling Android Phones to Accept Contactless Payments

Fintech Finance

Today, Teya announced the launch of its new product – Teya Tap. The product allows business owners to accept payments directly with their Android phones, removing dependencies on physical card machines. Being able to accept contactless payments in the UK is highly important, with 85% of people in the country using contactless payments at least once a month (according to UK Finance).

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News & Views | Episode 165: PayQuicker Expansion, New Binance Campaign and Financial Management

The Fintech Times

On this week’s episode of News & Views, The Fintech Times Podcast team speak about PayQuicker partnering with cross-border payment infrastructure provider Thunes , Binance joining forces with the Macau Judiciary Police & why 33 per cent of Chetwood Financial’ s respondents believe their own financial management will put them in a better position this time next year.

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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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Flutterwave Expands African Footprint with Payment Systems License in Uganda

Fintech Finance

Flutterwave , a leading payments technology company, has received a Payment Systems Operator (PSO) license from the Bank of Uganda. This marks a key milestone in Flutterwave’s expansion across Africa, adding Uganda to its growing list of countries where it operates. Uganda’s digital payment landscape is transforming, driven by a youthful and vibrant population — over 78% ([link] of its citizens are under the age of 35.

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Omnichannel Tokenization

Basis Theory

In today’s personalized e-commerce environment, any friction in the payment process can be the difference between a successful sale and a missed opportunity. Online consumers expect to spend the least amount of time possible getting through the purchase process, but merchants want to manage their processing costs to maximize margins.

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Visa Launches Money Movement Advisory Practice in North America

Fintech Finance

Visa (NYSE: V), a world leader in digital payments, has announced the launch of its Money Movement Advisory Practice in the United States and Canada. The new value-added service, offered by Visa Consulting & Analytics (VCA), the payments consulting advisory arm of Visa, focuses on helping clients and partners navigate the increasingly sophisticated money movement industry and capture opportunities that are estimated at $200T1 globally.

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Banking Circle Makes Stablecoins More Accessible With Launch of EURI

The Fintech Times

In line with the European Commission ‘s Markets in Crypto Assets Regulation (MiCA), Banking Circle S.A. , the tech-driven payments bank, has launched its bank-backed stablecoin, EURI. The EURI stablecoin is the first MiCA-regulated digital asset that is issued and backed by a bank in the EU. Eurite will first be available via Binance followed by CoinUT Switzerland AG with more exchanges to follow.

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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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BankDhofar Selects Entrust to Enable Cardholders Across Different Banking Offerings With Digital Card and In-App Payment Capabilities

Fintech Finance

BankDhofar , the second-largest bank in Oman market value, has selected Entrust , a global leader in delivering identity-centric security solutions for governments and enterprises worldwide, to implement its Digital Card Solution (DCS) to provide customers with digital card capabilities for both the bank’s Islamic and conventional banking applications.

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Bank Automation News hosts webinar on future of open banking

Bank Automation

Bank Automation News will present the webinar “The future of open banking: Payments meet data,” on Tuesday, Sept. 17, at 11 a.m. ET. Register here for the webinar.

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GoCardless Announces GoCardless for Salesforce on Salesforce AppExchange

Fintech Finance

Bank payment company GoCardless has launched GoCardless for Salesforce on Salesforce AppExchange, a leading enterprise marketplace for partner apps and experts, empowering customers to access the GoCardless payments platform directly within Salesforce. Customers can tap into GoCardless’ full product suite including Instant Bank Pay, its open banking-powered payment feature and Direct Debit, automating the collection of one-off and recurring payments in over 30 countries.

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MoneyGram, Adyen add chief technology officers

Payments Dive

The payments companies are bolstering their tech leadership as big changes roil the industry and stoke competition.

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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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Stripe Boosts Cross-Border Commerce in Asia With AI-Powered Payments

Fintech Finance

Stripe , a financial infrastructure platform for businesses, today gave an update on the growth of the internet economy in Asia, highlighting Stripe’s expanded market coverage and AI-powered payments to support cross-border commerce. The updates were part of Stripe Tour Singapore , the company’s annual product showcase in the region. “Last year, cross-border payment volume in Asia on Stripe grew more than 30%.

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FedNow nears onboarding of 1,000 financial institutions

Bank Automation

ATLANTA — Instant payments rail FedNow is nearing the addition of its 1,000th financial institution, and the Federal Reserve credits the growing adoption to its network of fintechs that enable the integration. The Fed launched FedNow in July 2023 with 35 financial institutions.

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Rellevate Announces Partnership with Mastercard to Advance Digital Payments Capabilities in the U.S. Public Sector

Fintech Finance

Rellevate , Inc., a fintech empowering consumers with innovative services for flexible money access, has announced a partnership with Mastercard to continue scaling payments and disbursements services in the public sector. Rellevate’s leading digital banking, disbursements, and wallet solutions are designed to unlock access to payments technology for underserved communities.

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Nigeria is making efforts to combat online extortion scams

The Paypers

EFCC, Nigeria's anti-corruption agency, has announced it is ready to work with international law enforcement to combat online extortion scams.

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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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HPS Completes the Acquisition of CR2 Limited

Fintech Finance

HPS (CSE: HPS), a leading global provider of payment software and solutions, is pleased to announce the completion of the acquisition of 100% of the issued share capital of Ireland-based CR2 Limited (“CR2”), following the satisfaction of all the relevant customary regulatory conditions. The acquisition of CR2 by HPS was first announced on 24 May 2024.

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FCA rules and slow approval times risk the UK's aspirations to become a global crypto hub

Finextra

British ambitions to become a global crypto hub are being hindered by a conservative regulatory approach that has seen applications for registration by crypto firms drop by 51% over the past three years.

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Adyen and Inter IKEA Systems Announce Global Payments Partnership Online and In-Store

Fintech Finance

Adyen , the financial technology platform of choice for leading companies, announces a global partnership with Swedish home furnishing business IKEA. The new partnership with Adyen will allow IKEA to connect the dots between in-store and digital sales channels and offer better payment and loyalty experiences for customers. Understanding cross-channel loyalty with customer insights Utilizing Adyen’s single financial technology platform to gather customer payment data from both physical and digita

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New Capital City, Strong Fintech Adoption, and Plans for the Future: Fintech in Indonesia in 2024

The Fintech Times

Indonesia has experienced significant growth in recent years – so much so that it is building a completely new capital city to alleviate concerns. But Boasting a population of over 280 million people, Indonesia is the fourth most populated nation in the world. With a gross domestic product (GDP) per capita of $4,788, the Association of Southeast Asian Nations ( ASEAN ) member, is looking to continue to grow its economy.

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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