Mastercard to cut 1,000 employees in restructuring
Payments Dive
AUGUST 19, 2024
The card network is shrinking its workforce as it restructures the company to focus more resources on some international markets.
Mon.Aug 19, 2024
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Gen AI reduces agent response time by 70% at Discover
Bank Automation
AUGUST 19, 2024
Discover Financial Services is tapping generative AI to speed up call center agent response and strengthen client experience. Using Google Cloud’s AI platform, Vertex AI, Discover has reduced response times for call center agents by 70%, Szabolcs Paldy, senior vice president of enterprise operations at Discover, told Bank Automation News.
Visa-Mastercard settlement claims deadline postponed
Payments Dive
AUGUST 19, 2024
Merchants seeking a piece of the $5.5 billion settlement now have until February 2025 to file claims, a federal judge overseeing the class action said.
Scotland FinTech Festival – Climate Roundtable Financial Technology Summit
Open Banking Excellence
AUGUST 19, 2024
22nd September 2024 Live Event Linkedin Twitter Youtube Climate Roundtable We are delighted to invite you to a Scotland Fintech Festival roundtable discussion at CodeBase, Edinburgh on the intersection of finance, fintech, and their impact on the customer and the climate journey. This event will bring together thought leaders and innovators to explore how these sectors can collaborate to create amplified value for customers while addressing critical climate challenges.
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.
The forgotten threat: In an automated world, check fraud still thrives
Payments Dive
AUGUST 19, 2024
Electronic payments have become the norm for most B2B transactions. Oddly enough, that has been accompanied by a rise in check fraud. Here's what businesses need to know.
Most Active Fintech Investors in Southeast Asia in the Past 2 Years
Fintech News
AUGUST 19, 2024
Fintech startups in Southeast Asia secured a total of US$899 million in funding in H1 2024, a 25% year-on-year (YoY) decrease from US$1.2 billion in H1 2023, a new report by data intelligence platform Tracxn says. The SEA Fintech – Semi Annual Report – 2024, released on July 05, 2024, underscores a continuing downward trend in fintech funding due to ongoing macroeconomic conditions and geopolitical issues, making H1 2024 the least funded half-year in the past three years.
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Singapore, Hong Kong Police, INTERPOL Bust Scam Syndicate After S$17.9M in Losses
Fintech News
AUGUST 19, 2024
A transnational money laundering syndicate operating in Hong Kong has been dismantled through a collaborative effort between the Singapore Police Force (SPF) , Hong Kong Police Force (HKPF), and INTERPOL. The syndicate was responsible for laundering proceeds from scams, including technical support scams in Singapore and other fraudulent activities in Hong Kong.
Apple Builds on NFC Accessibility With Secure Element Launch for Developers
The Fintech Times
AUGUST 19, 2024
In mid-July, Apple announced that it would be releasing its NFC chip to its rivals following pressure from the EU and its case against Apple, accusing the tech giant of monopolising the payments and technologies markets. In keeping with the agreed outcome, Apple is now enabling developers to offer in-app NFC transactions using Apple’s Secure Element.
Cambodia Launches Bakong Tourists App for Seamless Visitor Payments
Fintech News
AUGUST 19, 2024
The National Bank of Cambodia has introduced the Bakong Tourists app, designed to simplify payments for international visitors. Launched on 19 August 2024 in Siem Reap, the app allows tourists to make payments at over 3.3 million retail merchants across Cambodia using their mobile devices. By downloading the app and registering with an email, tourists can top up their accounts and use the KHQR code to pay for goods and services, reducing the need for cash and ensuring a seamless experience durin
D24 Joins Forces With Yuno to Drive Cross-Border E-Commerce
Fintech Finance
AUGUST 19, 2024
D24 , a premier payments solutions provider, enabling companies to access over 27 countries via alternative payment methods (APMS) and single API card processing, today announces a strategic partnership with Yuno , the leading global payments orchestration platform. This collaboration will make it easier for companies of all sizes to conduct online transactions seamlessly and streamline digital payments across more than 60 countries, helping them scale and enter new markets quickly.
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
Why is Southeast Asia’s Largest Bank Making a Play in Crypto-Assets?
Fintech News
AUGUST 19, 2024
There has been fresh investor interest in digital assets in recent times, thanks largely to supportive regulatory action. The approval of Bitcoin Spot Exchange Traded Funds (ETFs) by the US Securities and Exchange Commission earlier this year for one, has boosted sentiment while across the globe, governments are actively working towards spelling out new rules for this asset class, suggesting much potential for further growth and development.
Catharina Eklof Appointed as CEO of IDEX Biometrics
Fintech Finance
AUGUST 19, 2024
IDEX Biometrics has appointed Catharina Eklof as the new Chief Executive Office (CEO), effective as of today. Catharina Eklof has for the last three years served as Chief Commercial Officer for IDEX Biometrics and has been instrumental in the transformation from a component provider to a full biometric solution company. Catharina brings global experience in business transformation and has been driving profitable growth initiatives and led commercialization of new technology solutions across indu
Trust Bank Launches Two New Flexible Loan Options
Fintech News
AUGUST 19, 2024
Singapore’s digital bank Trust has expanded its range of financial products with the launch of two new loan offerings, Split Purchase and Balance Transfer. Both Split Purchase and Balance Transfer offer interest-free options with a small and transparent fee. The Split Purchase offering enables customers to spread payments for completed credit card transactions over 3, 6, or 12 months.
Interac Survey Shows Gen Z Is Driving a Surge in Mobile Spending
Fintech Finance
AUGUST 19, 2024
How would you like to pay? Seven in 10 Gen Z Canadian adults (69 per cent) have embraced the mobile wallet, and six in 10 (63 per cent) prefer to leave their physical wallet at home for short trips, according to a recent survey commissioned by Interac Corp. (Interac). Gen Z’s use of mobile wallets outpaces all other generations including Millennials (60 per cent), Gen X (44 per cent), Boomers (27 per cent) and the Silent Generation (10 per cent).
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.
Inside Brazil’s Fintech Revolution – How Pix is Pointing the Way Forward for Global Fintech
Payments Next
AUGUST 19, 2024
By Ralf Germer, Co-CEO & Co-founder, PagBrasil Four years ago, the Central Bank of Brazil introduced an instant payment system called Pix, enabling transactions The post Inside Brazil’s Fintech Revolution – How Pix is Pointing the Way Forward for Global Fintech first appeared on Payments NEXT.
Industry-first ‘The Payments Directory’ Launches as the Go-To Platform for Businesses Seeking Transparent and Tailored Financial Solutions Without the Need for a Broker
Fintech Finance
AUGUST 19, 2024
In a move that’s set to shake up the financial services industry, Merchant Advice Service has launched The Payments Directory; a first-of-its-kind, solution-led approach that will empower businesses to secure their next best merchant account, unbiased and with unmatched transparency, developed with input from experts who have previously worked on the development of MoneySuperMarket.
Stax Payments Appoints Valentin Neiconi as Chief Risk Officer
Stax
AUGUST 19, 2024
Risk and fraud executive brings over a decade of experience to elevate processes to drive more frictionless experience for merchants and partners. Stay Payments , a leading payment technology provider, has appointed Valentin Neiconi as Chief Risk Officer. Neiconi brings more than 15 years of experience in risk and fraud management leadership to his new role, with a deep background in developing fraud risk solutions, risk data collection and analysis, and compliance.
Institutional custody considerations and challenges
The Payments Association
AUGUST 19, 2024
Choosing the right custody solution is vital for institutions to securely navigate the evolving digital asset landscape and future-proof their financial operations.
15 Modern Use Cases for Enterprise Business Intelligence
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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?
WSPN raises USD 30 mln to build next-gen stablecoin network
The Paypers
AUGUST 19, 2024
Worldwide Stablecoin Payment Network (WSPN) has secured USD 30 million in seed funding to to redefine the future of digital payments with Stablecoin 2.0.
Overcoming gender barriers in fintech leadership
The Payments Association
AUGUST 19, 2024
In an illuminating interview, Anastasija Tenca, Chief Operations Officer at Noda, discusses the challenges and barriers that women face in the fintech sector. Despite being a predominantly male-dominated field, Anastasija shares her experiences of overcoming stereotypes and discrimination through resilience and mentorship. She emphasizes the importance of gender equality initiatives, such as those implemented at Noda where the leadership team maintains a balanced gender representation.
Welcome to the Newest Associate Participating Organizations
PCI Security Standards
AUGUST 19, 2024
We are pleased to welcome the newest organizations that have joined as Associate Participating Organizations of the PCI Security Standards Council (PCI SSC). These organizations play a crucial role in supporting the evolution of the PCI security standards and programs and promoting the implementation of PCI security standards worldwide to protect payment data.
Circle introduces USDC contactless payments on iPhones
The Paypers
AUGUST 19, 2024
Fintech company Circle , the issuer of the USDC stablecoin, has set out to introduce a feature that will enable contactless payments using USDC on iPhones.
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
Bitwise makes European play with ETC Group acquisition
Finextra
AUGUST 19, 2024
US crypto index fund manager Bitwise Asset Management has expanded into Europe through the acquisition of London-based crypto exchange-traded product issuer ETC Group. Financial terms were not disclosed.
Chaos Labs secures USD 55 million to upgrade Defi risk management
The Paypers
AUGUST 19, 2024
Chaos Labs has secured USD 55 million in a Series A funding round to upgrade its on-chain risk management platform for decentralized finance (DeFi).
The Fintech Landscape of Hong Kong in 2024
The Fintech Times
AUGUST 19, 2024
A port city that transformed into a major global hub, Hong Kong has a long history that has solidified its status as one of the most important financial centres in the world. Since China took Hong Kong back from the British during the 1997 handover, the uniqueness of the Hong Kong Special Administrative Region (SAR) meant that under the ‘one country two systems’ policy, it continues to thrive thanks to its own strengths.
Reimagine banking: How to effectively modernise your core and de-risk at the same time
Finextra
AUGUST 19, 2024
How can banks adapt to modern industry and consumer demands?
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.
Bybit Lands in Argentina With VASP and Card Operator Approval
The Fintech Times
AUGUST 19, 2024
Argentina is making headway in its journey to become a crypto-friendly and progressive country. In April 2024, the country reviewed the legal framework for virtual assets declaring that providers must register and comply with the duty to report to authorities. Looking to do so, and in turn, advance the development of cryptocurrencies in the country, Bybit , the crypto exchange, has expanded into Argentina.
Bank of Ireland warns of worrying surge in investment scams
Finextra
AUGUST 19, 2024
Bank of Ireland is warning of a surge in investment fraud, describing it as the most concerning trend in evolving scam tactics.
Fintech’s Role in Accelerating South Korea’s Booming Economy
The Fintech Times
AUGUST 19, 2024
Over the past 75 years, South Korea’s economy has boomed, undergoing rapid industrialisation with a growth rate of seven per cent annually, according to the International Monetary Fund. Having earned its spot as one of the Four Asian Tigers, we explore what is propelling South Korea’s economy and fintech ecosystem. Following the Korean War, in which Korea was split in two, South Korea has since become one of the richest nations in the world.
B2B emerging markets payment platform Waza comes out of stealth with $8 million funding
Finextra
AUGUST 19, 2024
Waza, a payment and liquidity platform for emerging market businesses, has secured $8 million in equity and debt funding to make it easier for African businesses, traders, and other large organisations to manage and pay their suppliers globally.
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
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