Fintech News

NOVEMBER 10, 2024

The payment ecosystem is grappling with a rapidly evolving fraud landscape, characterized by a sharp rise in purchase return authorization (PRA) attacks, increasingly sophisticated ransomware schemes and the growing misuse of artificial intelligence (AI) by cybercriminals, a new report by Visa Payment Fraud Disruption (PFD) says. The State of Scams: Fall 2024 Biannual Threats Report, released end of October, highlights emerging threats and scams targeting the payment ecosystem, emphasizing the h

Ransomware 116

Ransomware Data Breach Scams AI 116

Payments Dive

NOVEMBER 10, 2024

In a new report, the card network detailed cyber schemes and scams that have led it to invest $11 billion over the past five years in improving its systems.

Scams 186

Scams 186

The Fintech Times

NOVEMBER 10, 2024

BKN301 Group , a London-based digital payments and banking-as-a-service (BaaS) solutions company, is organising a series of roadshows to drive financial inclusion. Following an inaugural roadshow held in Qatar (Middle East) earlier this year and a more recent one in Tbilisi – Georgia (Europe) in partnership with British Embassy Tbilisi, National Bank of Georgia, Banking Association of Georgia and Fintech Association of Georgia (FIA), BKN301 will next head to Cairo, Egypt in 2025.

Financial Inclusion 64

Financial Inclusion Digital Payments Payments FinTech 64

Finextra

NOVEMBER 10, 2024

Chinese tech conglomerate Tencent has teamed up with Visa to take its palm recognition technology for digital payments international, beginning with Singapore.

Payments 136

Payments Digital Payments Technology 136

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.

AI

Fintech News

NOVEMBER 10, 2024

QCP Trading, a provider of over-the-counter (OTC) spot trading services for digital assets, has been granted in-principle approval for a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). The company plans to offer spot trading for stablecoins and major digital tokens, backed by comprehensive on/off ramping services, 24/7 support, and same-day settlements through local banking partners.

Regulations 99

Regulations Payment APIs and Integration Settlement Stablecoins 99

Nanonets

NOVEMBER 10, 2024

Parseur is an AI-powered document processing tool that extracts data from emails and PDFs automatically. It helps businesses convert unstructured documents into organized, usable data without manual entry. Here's what Parseur does well: Reads text from PDFs and emails using AI and OCR Creates templates by pointing and clicking at the data you need Extracts information from tables automatically Works with documents in multiple languages Sends data to Excel, Google Sheets, or your other work

Automation 52

Automation Volume AI Rules 52

The Paypers

NOVEMBER 10, 2024

Payments orchestration platform payFURL has announced its integration with Payments2Us, with the collaboration allowing simplified payment processing in the Salesforce ecosystem.

Process 36

Process Payments 36

Finextra

NOVEMBER 10, 2024

Iwoca, one of Europe’s largest SME lenders, announces a new £200m package of debt funding from Citi and Waterfall Asset Management and doubles its SME loan offer ceiling to £1 million.

Security 59

Security 59

Fintech News

NOVEMBER 10, 2024

The Protection from Scams Bill, introduced by the Ministry of Home Affairs (MHA), will empower the Singapore police to temporarily restrict banking transactions when they believe someone is about to be scammed. This measure targets individuals who refuse to believe they are being scammed and will be used only as a last resort when other attempts to dissuade them have failed.

Scams 125

Scams Accounts Non-Bank Assessments 125

Finextra

NOVEMBER 10, 2024

The rapid expansion of artificial intelligence (AI) across industries has left no sector untouched,

AI 52

AI FinTech 52

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

Payments

Fintech News

NOVEMBER 10, 2024

Indonesia’s GoTo Group has joined forces with Tencent Cloud and Alibaba Cloud in an agreement aimed at accelerating Indonesia’s digital transformation. The agreement, witnessed by Indonesian President Prabowo Subianto at the Indonesia-China Business Forum, includes major investments in cloud infrastructure and digital talent development.

Agreements 122

Agreements Cybersecurity AI Economy 122

Finextra

NOVEMBER 10, 2024

In a major step toward improving financial well-being across the UK workforce, CreditLadder and Munny have entered a partnership to help employers empower their workforce by providing them with greater access to credit-building services, financial literacy and financial wellbeing support.

Financial Literacy 52

Financial Literacy 52

Fintech News

NOVEMBER 10, 2024

DBS Group, Singapore’s largest bank, is exploring acquisitions in Malaysia as part of its regional expansion strategy, according to sources. Reuters has learned that potential targets include a 29.1% stake in Alliance Bank Malaysia held by Singapore state investor Temasek, valued at approximately US$460 million. In addition, DBS is reportedly considering the purchase of retail banking assets from Kuwait Finance House in Malaysia, estimated to be worth over US$500 million.

Central Bank 113

Central Bank Agreements Finance Acquirers 113

The Fintech Times

NOVEMBER 10, 2024

Vault22, a financial wellness platform, has launched in South Africa with the goal of improving financial literacy and empowering users to manage and grow their wealth. The platform, which already has over 200,000 pre-registered users, offers a range of tools designed to support financial fitness, including spending monitoring, debt reduction guidance and opportunities for wealth growth through investments.

Financial Literacy 64

Financial Literacy Facilitators Finance Addressing 64

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.

B2C

Fintech News

NOVEMBER 10, 2024

Travelers from several countries in Asia and Europe can now use their mobile payment apps to pay at over 875,000 merchants across Nepal. This is enabled by a partnership between Nepal Clearing House Limited (NCHL) and Ant International , the operator of Alipay+. The collaboration, announced at the Singapore Fintech Festival 2024, allows users of Alipay+ to make payments by scanning NEPALPAY QR codes.

SARS 113

SARS Cross-Border Cross-Border Payments eWallet 113

The Fintech Times

NOVEMBER 10, 2024

Consumer credit reporting agency Equifax UK has launched a new digital customer onboarding journey to help utility and telecoms providers automate customer eligibility assessments for social tariff discounts. Through the solution, dubbed ‘Tariff Connect’, Equifax aims to make it easier for consumers to apply for social tariff discounts, helping them access discounts and special pricing plans available for households facing financial hardship.

Assessments 64

Assessments Consumer Continuity Innovation 64

The Fintech Times

NOVEMBER 10, 2024

Across the globe, consumers continue facing dramatic rises to their cost of living, leaving many scrambling to stay afloat. The same is true across Singapore, according to Lendela , a Singapore-based loan matching fintech, which found a deepening debt burden on Gen Zs and Millennials over the past two years. Lendela revealed that many Millennials (28 to 35) in Singapore are facing significant cost pressures, likely caused by repaying mortgages, home renovations, and starting a family, the most c

Credit Cards 59

Credit Cards Accounts FinTech Finance 59