Wed.Oct 30, 2024

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OCBC Becomes First Singapore Bank to Use Blockchain for Intraday Lending

Fintech News

OCBC announced that it is the first bank in Singapore to offer intraday institutional lending using blockchain technology. This approach aims to maximise returns on excess liquidity through reverse repurchase agreements (reverse repos) conducted on J.P. Morgan’s Digital Financing application, powered by the Onyx Digital Assets platform. OCBC is the first external counterparty with this reverse repo capability on the platform.

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What Canadian Merchants Need to Know About International Payment Processing

Clearly Payments

As Canadian businesses look to expand internationally, one crucial component of successful growth is handling cross-border payments smoothly and efficiently. Selling products and services internationally means facing new challenges, especially regarding payment processing, regulatory requirements, currency exchanges, and fraud prevention. In this article, we’ll cover what Canadian merchants need to know as they scale their businesses internationally to USA and beyond, with a focus on key consid

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New Research Reveals Customers’ Growing Frustration with Payment and Cancellation Issues

Fintech Finance

The FTC’s new “click-to-cancel” rule, designed to simplify the process of ending subscriptions, has created a stir, putting additional pressure on subscription businesses to reassess their strategies. Payment processing platform Solidgate surveyed 1,000 adults and found that 1 in 4 had upsetting unexpected charges with their subscriptions and 80% wouldn’t recommend a subscription service to a friend if they had trouble canceling it, while 1 in 3 consumers cancelled a subs

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Financial inclusion boosted by AI, open banking, education

Bank Automation

Financial education, accessibility and overall inclusion has improved as technology has advanced in the past decade but many consumers remain unbanked or underbanked. The term “unbanked” refers to people who don’t use any financial institution; “underbanked” refers to those with insufficient access to financial services, according to Merriam-Webster.

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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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Tuum Appoints David Abbott as VP, Payments Business Unit and Strategic Accounts

Fintech Finance

Tuum , a next-generation core banking provider, is pleased to announce the appointment of David Abbott as Vice President, Payments Business Unit and Strategic Accounts. With over three decades of leadership experience in the global payments and financial services industry, Abbott will spearhead Tuum’s strategy to expand its payments offering and strengthen relationships with key strategic accounts globally.

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How regulators are paving the way for innovation in the payment space

Finextra

New trends in payments are emerging, with regulator-led innovations sparking 'coopetition' among governments, private companies, and big tech. In this FinextraTV interview, Thoughtworks' Head of Financial Services Practice Muralikrishnan Puthanveedu explains how these moves are creating a foundation for a thriving digital economy — advancing financial inclusion, consumer experience, and global prosperity.

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Capital One Collaborates With Worldpay to Improve Payment Security for Merchants

The Fintech Times

Global paytech solution provider Worldpay has forged a new partnership with Capital One , the American bank holding company, in a move to optimise payment fraud decisioning and enhance payment security and efficiency with a data sharing agreement. Merchants enrolled in the fraud detection and prevention solution from Worldpay, FraudSight, will automatically receive new benefits when accepting a payment made using a card issued by Capital One.

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Klarna and Worldpay Expand Partnership to Unlock Global Merchant Network

Fintech Finance

Klarna , the AI-powered global payments network and shopping assistant has expanded their partnership with Worldpay , a global industry leading payment services provider, to enable thousands of new merchants to offer Klarna to their customers. Under the expanded partnership Klarna will become a network of choice, offered as a default payment method, to Worldpay’s merchants globally, alongside traditional card payments.

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MoneyGram cites cash-to-digital conversion opportunity

Payments Dive

A MoneyGram executive speaking at the Money 20/20 conference cooed about the trillion-dollar opportunity to lure cash users to digital options, but didn’t mention the company’s recent systemwide outage.

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Coinbase to Integrate Visa Direct to Deliver Real-Time Account Funding for Customers

Fintech Finance

Visa (NYSE: V), a world leader in digital payments, today announced a partnership with Coinbase , a trusted place to buy, sell, and manage crypto. This partnership adds convenience and new services for Coinbase customers across the US and EU, including real-time, reliable, and secure money movement. By integrating with the Visa Direct network, Coinbase customers will be able to deposit funds into their Coinbase account in real-time1 using eligible Visa debit cards.

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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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Mutual Trust Bank Implements New Payment Gateway to Enhance E-Commerce Acquiring Capabilities

The Fintech Times

Bangladesh-based bank, Mutual Trust Bank PLC , has successfully migrated its e-commerce acquiring services to a payment gateway from UK-based paytech Compass Plus Technologies. Mutual Trust Bank has upgraded its service capabilities with the migrational, which has also enabled it to achieve 3DS 2.2 certification, ensuring secure, seamless transactions.

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Adyen Goes Live with Tap to Pay on iPhone in Additional European Markets

Fintech Finance

Adyen , the global financial technology platform of choice for leading businesses, has officially enabled Tap to Pay on iPhone in five new regions: Sweden, Austria, Czech Republic, Ireland and Romania. The functionality allows businesses, such as Fresha , the world’s #1 booking platform, marketplace and payments system for beauty and wellness, to use an iPhone to accept contactless payments, without the need to purchase or manage additional hardware.

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Cloud Banking Platform Mambu Inks Partnership with Kuady

Finovate

Cloud banking platform Mambu has teamed up with payments service processor Kuady. Mambu is powering Kuady’s digital wallet offering, which has just launched in Peru, Chile, Argentina, and Mexico. Headquartered in Berlin, Germany, Mambu made its Finovate debut at FinovateAsia in 2013. Courtesy of a new partnership with cloud banking platform Mambu , payments service processor Kuady has launched its digital wallet in Peru, Chile, Argentina, and Mexico.

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ANZ overhauls operations

Finextra

Australia's ANZ is overhauling its business to create a new unified operations unit and a group-wide data and analytics function.

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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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Proactive Credit Risk Management: Developing an Early Warning System

Finezza

As per a report, as of March 31, 2023, 2,623 borrowers classified as wilful defaulters in India owe Rs 1,96,049 crore to the banks in India. This highlights the inherent risks lenders face. Therefore, financial institutions (FIs) need robust credit risk management to minimise risk and boost returns and productivity. An early warning system can […] The post Proactive Credit Risk Management: Developing an Early Warning System appeared first on Finezza Blog.

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Top 9 Docsumo alternatives for data extraction

Nanonets

Docsumo is a document processing solution designed to help businesses automate data extraction and reduce manual data entry. It enables teams to automatically extract valuable information from various document types, including invoices, bank statements, insurance forms, and shipping documents. About Docsumo With its AI-powered platform and pre-trained models, Docsumo aims to improve document-heavy workflows, save time, and reduce errors.

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Global Payments sells AdvancedMD for $1.1B

Payments Dive

The payments processor divested the unit as part of a plan to streamline the company’s business, and it’s targeting more sales, CEO Cameron Bready said.

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Navigating the maze: Simplifying global regulations in application-to-person communications

The Payments Association

Compliance in payment communications is essential for trust and security; AI-driven solutions and customised frameworks help businesses meet regional regulations, ensuring secure global operations. In today’s hyper-connected world, where digital interactions dominate, businesses must navigate a landscape filled with regulations governing global communication.

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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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Transforming Accounting Workflows: How FloHub Centralizes and Automates Processes

FloQast

FloQast is making waves in the accounting world with the launch of our Accounting Transformation Platform. This isn’t just an upgrade — it’s a rethinking of how accounting teams can operate. With a suite of new products , including FloQast Journal Entry Management , FloQast AI Transaction Matching , and FloQast Consolidation , we’re setting the stage for a new era of efficiency and accuracy.

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What is a Non-Custodial Bank in Web3?

Fintech Review

As the landscape of digital finance continues to evolve, non-custodial banks are emerging as a revolutionary solution, especially within the Web3 ecosystem. These banks allow users to maintain full control of their funds, unlike traditional banks that hold or manage their clients’ assets. Non-custodial banking aligns perfectly with the principles of decentralisation and transparency that are at the heart of Web3 technologies, making it an ideal fit for businesses and individuals looking to

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Visa CEO stands fast against DOJ

Payments Dive

Visa CEO Ryan McInerney took a defiant stance Tuesday regarding the Justice Department’s lawsuit against the card network company.

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Banco Santander, Lloyds Banking Group, and UBS Successfully Settle Pilot Uncleared Margin Transfers in the Sterling Fnality Payment System

Fintech Finance

Banco Santander , Lloyds Banking Group , and UBS have successfully completed the first uncleared bilateral margin payments using a digital representation of central bank funds on the Sterling Fnality Payment System (£FnPS). This real-world proof-of-concept proves that Fnality can be used to make bilateral margin payments using the £FnPS, and marks the first instance of a fully regulated Distributed Ledger Technology (DLT)-based payment system being used to settle margin for the purposes of real-

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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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Standard Chartered and Ant International use blockchain for settlement of treasury transactions

Finextra

Standard Chartered has used Ant Internal's Whale blockchain platform to deliver settlement of HKD-denominated intra-group transactions between various ANT entitites.

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BofA discloses CFPB probe of Zelle payments

Payments Dive

Bank of America is responding to a Consumer Financial Protection Bureau inquiry related to the bank’s processing of electronic payments through Zelle, the lender disclosed in a regulatory filing.

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Mastercard rolls out first of a suite of GenAI assistants

Finextra

Mastercard has launched a GenAI-based digital assistant designed to speed up customer onboarding.

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Fiserv CEO dishes on making mergers work

Payments Dive

In addition to pulling back the curtain on integrating Fiserv acquisitions, Frank Bisignano offered predictions on plastic cards and AI at a conference Monday.

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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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Klarna inks global deal with Worldpay

Finextra

BNPL provider Klarna has struck a deal become a default payment offering to Worldpay merchants around the world.

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NVIDIA launches its AI Workflow

The Paypers

NVIDIA has announced the launch of its AI Workflow, a product that was developed in order to detect fraudulent credit card transactions.

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MAS establishes Global Finance & Technology Network

Finextra

The Monetary Authority of Singapore has established The Global Finance & Technology Network (GFTN) a not-for-profit organisation to harness technology, pump-prime startups and foster innovation in the fintech ecosystem.

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Thunes partners with Circle to support stablecoin transactions

The Paypers

Cross-border payments platform Thunes has entered into a strategic collaboration with digital financial company Circle.

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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