Wed.Dec 04, 2024

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Singapore to Launch Two New e-Payment Solutions in Mid-2025 to Phase Out Cheques

Fintech News

The Monetary Authority of Singapore ( MAS ) and the Association of Banks in Singapore ( ABS ) announced that two new electronic payment solutions will be launched in mid-2025. The Electronic Deferred Payment (EDP) and EDP+ solutions will offer businesses and individuals more convenient ways to make payments while phasing out the use of cheques. The solutions were developed in collaboration with all Domestic Systemically Important Banks (D-SIBs)—Citibank, DBS Bank, HSBC, Maybank, OCBC Singapore,

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dLocal and Spreedly Strengthen Partnership to Expand Global Payment Access in Emerging Markets

Fintech Finance

dLocal , the leading payment platform connecting global merchants to emerging markets, today announced the expansion of its partnership with Spreedly, the world’s leading Open Payments Platform. The enhanced agreement will expand the companies’ collaborative efforts beyond Latin America into Africa and Asia-Pacific (APAC), offering customers access to dlocal’s over 900 alternative payment methods (APMs) and the extensive benefits of Spreedly’s vast payment ecosystem in these hi

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Crypto.com Gains Mastercard License to Launch Crypto Cards in Bahrain, GCC

Fintech News

Crypto.com has secured a principal network license from Mastercard , allowing it to issue cards directly on the latter’s network. The collaboration will support the introduction of a new crypto-linked card programme, starting in Bahrain with plans to expand across the Gulf Cooperation Council (GCC) region. The programme will leverage Crypto.com’s recently acquired Payment Service Provider license from the Central Bank of Bahrain.

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Simplifying PCI Compliance and Elevating Payment Security: IXOPAY Merges With Aperia Compliance

Fintech Finance

I am beyond excited to share a transformative milestone in our journey to redefine the payments industry. Today, IXOPAY proudly announces its merger with Aperia Compliance, a global leader in Payment Card Industry (PCI) validation and risk management. This strategic alliance unites two industry frontrunners, creating an integrated powerhouse committed to delivering secure, compliant, and scalable payment solutions like never before.

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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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Embedded Finance Is Making Payments Easier for Everyone Across Asia

Fintech News

Have you ever wondered how easy it has become to pay for a ride or order food through an app without pulling out a card or cash? Not because it’s free, but because the payments were seamlessly integrated into the apps you’re using. This is embedded finance at work, and it’s quietly transforming the way we interact with money – without most of us even realising it.

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Each UK SMB Lost £11,000 to Online Fraud in 2024

Fintech Finance

According to new research released today, on average, each of the 5.5 million SMBs in the UK lost almost £11,000 (£10,800) this year through fraud. With hackers, scammers, and unethical shoppers becoming increasingly sophisticated, smaller businesses are worryingly underprepared for attacks – with nine in ten senior c-suite execs concerned for their survival as a result.

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Introducing Journal Entry Management: Adding Controls and Streamlining Accounting

FloQast

In today’s fast-paced financial world, accounting teams are under pressure to ensure accuracy, compliance, and speed — all while managing increasingly complex data. The solution? FloQast Journal Entry Management. Part of FloQast’s Accounting Transformation Platform , this new tool is designed to simplify and automate journal entry workflows, reducing errors and saving time.

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Grab Chooses AWS as Preferred Cloud Provider

Fintech News

Grab, a superapp in Southeast Asia, has announced its collaboration with Amazon Web Services (AWS) as its preferred cloud provider. This partnership aims to support Grab ‘s technology-driven growth strategy across its diverse offerings, including mobility, deliveries, financial services, and digital banks. Grab, with millions of users and driver-partners, requires a robust and scalable infrastructure to manage its high volume of transactions and data.

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What Banks Can Learn from PayPal’s 2024 Payments Innovations

Payments Next

By Andy Newman, VP of Business Development, Wildfire Systems In 2024, PayPal demonstrated a forward-thinking approach to truly adding value for customers, The post What Banks Can Learn from PayPal’s 2024 Payments Innovations first appeared on Payments NEXT.

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Is Applied AI the Future of Payments Modernisation?

Finextra

AI is often seen as a catch-all term, but within it lies the transformative power of Applied AI—a targeted, focused approach with real-world impact. At Finextra’s inaugural ‘NextGenAI’ event, Raquel Gomes, Head of Innovation at Red Compass Labs, shared her passion for Applied AI in the FinextraTV studio.

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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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Justt Launches Upgrades to Streamline Chargeback Management

Finovate

Israel-based Justt has introduced platform upgrades, including multilingual dispute management and centralized chargeback approval, aimed at simplifying cross-border disputes and improving efficiency for global merchants. The new features allow merchants to set custom rules for recurring disputes and manage chargebacks centrally through Justt’s interface.

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Global Payments spots 6 trends for next year

Payments Dive

The payments processor predicts fraud-fighting tools, embedded payments and comprehensive point-of-sale systems will be center stage in 2025.

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PayRetailers Enhances Pix Solution to Aid Brazilian Betting Operators Amidst Incoming Regulations

The Fintech Times

PayRetailers , the payment processor in Latin America and Africa, has launched an enhanced Pix payment solution to assist betting operators in Brazil as they prepare for new sports betting regulations set to take effect on 1 January 2025. Through the updated PayRetailers Pix solution, the firm is aiming to help Brazil’s betting operators comply with new regulations that require payments to be processed through bank accounts registered to individual players.

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Transactions: AWS to build AI-driven solutions for TP ICAP

Bank Automation

London-based brokerage service provider TP ICAP is joining forces with Amazon Web Services to build AI-driven solutions as well as data and analytics services, according to a Dec. 3 release from AWS. AWS will develop an AI and innovation lab for TP ICAP and the companies will work together on tools specifically designed for TP […] The post Transactions: AWS to build AI-driven solutions for TP ICAP appeared first on Bank Automation News.

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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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Data protection enables responsible information sharing to combat scams and fraud

Neopay

In a world increasingly driven by digital interactions, scams and fraud remain significant challenges, with fraud accounting for 39% of all reported crime in England and Wales. Addressing these issues effectively requires organisations to share personal information responsibly, ensuring compliance with data protection laws while prioritising public safety.

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AI power centres are fresh targets for hackers - Experian

Finextra

Experian’s 12th annual Data Breach Industry Forecast includes five 2025 predictions for 2025 that show that global data breaches show no signs of slowing down.

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Independent Reserve Opens Singapore Office

Fintech News

Independent Reserve, an Australian-based crypto exchange, has opened a new office in the Central Business District in Singapore. The move highlights the company’s focus on Singapore as a key location for its operations in Asia’s expanding Web 3.0 and digital assets sector. Independent Reserve was among the first to secure a full digital payment token license from the Monetary Authority of Singapore (MAS) in 2021.

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Wells Fargo to sell San Francisco HQ to favour US East Coast - WSJ

Finextra

Exclusively reported by The Wall Street Journal, the bank's San Francisco Financial District office may be for sale later this month.

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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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FedNow racks up nearly $246M in annual expenses

Payments Dive

The Federal Reserve projects the real-time payment system’s costs will climb slightly next year, from the $245.5 million it expects to spend this year.

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The need for B2B modernization is becoming critical

Axway

Business and technology challenges are growing The way companies conduct business is changing and with it, the need for increased data exchange with business partners.

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5 most common fraud methods in 2024, according to AIB

Finextra

‘Smishing’ accounts for 94% of all fraud cases from January to October this year.

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La Banque Postale, WWF France introduce impact bank card

The Paypers

French postal bank La Banque Postale has teamed up with WWF France to introduce an impact bank card to advance the ecological transition in the region.

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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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The forces behind the rise of real-time payments

Stripe

Payment methods are tightly woven into the economic and social fabric of a country. In most countries, the dominant means of exchange has rarely pivoted—and yet in many places around the world, it’s changing right now with real-time payments. Here’s why.

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The Bank of Bhutan partners with TCS in order to upgrade its core banking system

The Paypers

The Bank of Bhutan has partnered with Tata Consultancy Services ( TCS ) in order to upgrade its core banking system using the TCS BaNCS Global Banking Platform.

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Media and Events Must Play Their Role to Ensure Greater Gender Diversity Finds The Heard

The Fintech Times

Gender diversity is a must have in the fintech industry, however, event organisers and journalists must ensure they are playing their part as 69 per cent of respondents don’t believe they are doing a good enough job according to The Heard , the women in fintech spokesperson index. In its first report about understanding attitudes towards public speaking in the industry, The Heard revealed that 23 per cent of women and non-binary people don’t take on public opportunities for fear of a

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Crypto.com to launch card in Bahrain and expand across GCC region

Finextra

After securing a principal licence with Mastercard, Crypto.com customers will now be able to use their card at over 150 million in-store and online locations worldwide.

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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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Coinbase introduces Apple Pay for fiat-to-crypto transactions

The Paypers

Coinbase has integrated Apple Pay into its Onramp tool, aiming to streamline fiat-to-crypto purchases for eligible users.

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WealthKernel and Griffin to offer savings accounts with an API-first approach

Finextra

WealthKernel, a leading digital investment infrastructure provider, has partnered with Griffin, the UK’s leading bank for fintechs. This partnership enables WealthKernel to embed and offer savings accounts to fintechs and wealth managers via its API.

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What You Need to Know About Digitizing Your Cash Cycle

Paystand

Table of Contents What is Cash Digitization? Digital Cash vs. Credit Cards Challenges with Traditional Payments Steps to Improve the Cash Cycle The Future of Payments Taking Action to Digitize Key Takeaways Cash Digitization: Streamlines payments, invoicing, and reconciliation for improved efficiency. Digital vs. Traditional Methods: Digital cash is faster, cost-effective, and reduces reliance on manual processes.

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Mastercard agrees to £200m settlement for fee overcharging

Finextra

It has been reported that claimants had been seeking £10 billion in compensation for alleged overcharging over several years.

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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