Sat.Aug 03, 2024

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Generative AI: Way to Revolutionize Banking Financial Industry

Finextra

Any new technology advancement comes with benefits as well as challenges attached.

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Paymob and Shopify Join Forces to Accelerate Embedded Payments Opportunity in MENA

The Fintech Times

Paymob , the financial services enabler in the MENA, has started offering embedded checkout experiences to merchants in the region as it extends its partnership with Shopify , the commerce platform. The new partnership will see Paymob launch embedded card and wallet payments options for merchants. This will allow them to streamline the checkout process, ensuring customers don’t need to navigate an external payment gateway.

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Finzly and FPC Reveal How Firms Can Overcome Instant Payments Trials and Tribulations

The Fintech Times

What obstacles are financial institutions facing as they adopt instant payments? A new collaborative whitepaper from the US Faster Payments Council (FPC), a membership organisation devoted to advancing safe and easy-to-use payments in the US, and paytech Finzly, Inc. set to find out. The whitepaper , From Potential to Profit: Five Ways Financial Institutions Can Break Barriers to Benefit from Instant Payments , highlights legacy systems, fraud mitigation and implementation costs as key barriers

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Sage Shows Support for UK Startups with Virging StartUp Partnership

The Fintech Times

UK founders can often find themselves needing help in the early to mid part of their startup’s life. Looking to make this aid as accessible as possible, Sage , the accounting, financial, HR and payroll tech provider for small and mid-sized businesses (SMBs) has partnered with Virgin StartUp , the not-for-profit arm of Virgin, dedicated to helping UK founders start up and thrive.

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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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One Year On: Can Consumer Duty Boast a Positive Start, or Has its Impact Been Underwhelming?

The Fintech Times

The Financial Conduct Authority (FCA) introduced Consumer Duty, aiming to improve consumer protection standards across the financial industry. Firms had to comply with these rules by 31 July 2023. One year on, we take a look at its successes and failures. In 2023, the FCA described Consumer Duty as a ‘cornerstone’ to of three-year plan to improve standards across the UK.