Finextra

AUGUST 21, 2024

Consumers in Switzerland can now send and receive payments in seconds following the market launch of instant payments across the banking industry.

Instant Payments 145

Instant Payments Payments Consumer 145

Bank Automation

AUGUST 21, 2024

Financial institutions are looking to AI and generative AI to mitigate the rising risk of cyberattacks as fraudsters take advantage of the technology.

Cybersecurity 132

Cybersecurity AI Mitigation Risk 132

Fintech News

AUGUST 21, 2024

Binance Holdings is set to expand its workforce by 1,000 employees in 2024, with a key emphasis on bolstering compliance teams, according to Bloomberg. The company plans to increase its compliance staff from 500 to 700 as part of this growth. This hiring push comes amid Binance ‘s rising regulatory expenditures, which have now surpassed US$261 million, including oversight due to a U.S. plea agreement.

Compliance 131

Compliance Law Enforcement Money Laundering Agreements 131

PCI Security Standards

AUGUST 21, 2024

The excitement is building as we get closer to this year’s North America Community Meeting ! To add to the anticipation, we’re giving you a sneak peek of some of the amazing sessions that will be featured in Boston, 10-12 September.

Participant 120

Participant 120

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

Payments Dive

AUGUST 21, 2024

Earned wage access providers that backed state laws friendly to the industry are preparing for a fight over the Consumer Financial Protection Bureau’s plan to treat such payments like loans.

CFPB 113

CFPB Rules Laws Consumer 113

Fintech News

AUGUST 21, 2024

DBS has launched a pilot project for programmable grant disbursements in collaboration with Enterprise Singapore (EnterpriseSG) and the Singapore Fintech Association (SFA). This initiative aims to streamline government disbursements to businesses, enhancing governance and efficiency while offering a better user experience. It also provides businesses faster access to government cash payouts.

Governance 113

Governance Government Blockchain Use Case 113

Fintech News

AUGUST 21, 2024

In the dynamic landscape of the Asian payments industry, a palpable shift is underway – one characterised by the rapid adoption of digital payment solutions. As we navigate the complexities of 2024, it becomes increasingly evident that traditional payment methods are gradually giving way to more digital alternatives. This transformative journey is propelled by a confluence of factors, each playing a pivotal role in shaping the future of payments across the region.

Payments Trends 109

Payments Trends Digital Payments Payments Instant Payments 109

Fintech Review

AUGUST 21, 2024

By Nir Netzer , a Venture Partner at Tenity and the Chairman of the Israeli Fintech Association – FinTech-Aviv. The global fintech sector is set for tremendous growth in 2024, driven by expanding market opportunities and new innovations. One major development is the integration of Generative AI into the fintech landscape. This will revolutionise financial services delivery.

FinTech 105

FinTech Financial Analysis AI Security 105

Fintech News

AUGUST 21, 2024

PEXX, a fintech startup specialising in stablecoin cross-border payments, has acquired Singapore-based blockchain media platform Chain Debrief. The acquisition, made for an undisclosed amount, follows PEXX’s recent US$4.5 million funding round led by TNB Aura and Antler. This acquisition allows PEXX to integrate Chain Debrief’s content, including articles, tutorials, and expert analyses, into its platform.

Blockchain 109

Blockchain Acquirers Cross-Border Payments Cross-Border 109

Fintech Finance

AUGUST 21, 2024

Wipay , a Spanish company specializing in payment technology and a leader in acquiring thanks to its innovation in redefining the transactional experience, has announced the arrival of the Pix Instant Payment System in Europe, the largest instant payment system in Brazil, in collaboration with PagBrasil , a leading fintech company. This strategic collaboration will make transactions more convenient and cost-effective for Brazilian tourists to these regions, offering a unique experience during th

Instant Payments 104

Instant Payments Payments Facilitators Transactions 104

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

AUGUST 21, 2024

More than 300 suspicious bank accounts were frozen, and over S$1.8 million was seized in a joint operation between the Anti-Scam Centre (ASC) and OCBC. The operation, conducted from May to August 2024, targeted accounts allegedly involved in facilitating scam-related activities, particularly those opened by foreigners. The Singapore Police Force had observed an increase in suspicious transactions involving these accounts, which were used to layer and obscure the origins of scam proceeds.

Accounts 109

Accounts Financial Crimes Scams Freeze Account 109

Fintech Finance

AUGUST 21, 2024

Klarna , the AI-powered global payments network and shopping assistant, has acquired Laybuy ’s assets in New Zealand, the birthplace of the payments provider, and plans to relaunch the service in the coming weeks. Laybuy, which ceased operations in June, is set to make a reenergized return in New Zealand under Klarna. With Klarna’s extensive expertise and global presence, New Zealand consumers and merchants will benefit from a revitalized platform with superior payment flexibility and user exper

Acquirers 102

Acquirers BNPL AI Returns 102

The Payments Association

AUGUST 21, 2024

PXP Financial joins Zebra's PartnerConnect programme to enhance mobile payment capabilities, leveraging Zebra's innovative solutions and global partner network.

Technology 88

Technology Mobile Payments Innovation Payments 88

Fintech Finance

AUGUST 21, 2024

As Chinese inbound tourism gains momentum with the extension of its visa-free policy to more countries and the recovery of international flights, Alipay , the leading digital payment and lifestyle platform in China, now supports 16 languages on its App, further enhancing the travel experience of international tourists exploring China. These languages include Chinese, English, French, German, Italian, Spanish, Portuguese, Arabic, Russian, Turkish, Malay, Indonesian, Thai, Korean, Japanese, and Vi

SARS 98

SARS Debit Card Mobile Payments eWallet 98

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

National Processing

AUGUST 21, 2024

National Processing Comparing Virtual Terminals to Traditional POS Systems Time to take a closer look at virtual terminals vs. POS systems. While you can’t go wrong with either (if you have a reliable payment processor), there are nuances to note. We have put together the most comprehensive comparison available just for you. Why?

Processors 88

Processors Payment Solutions Process Posting 88

Fintech Finance

AUGUST 21, 2024

Mastercard has announced the appointment of Winnie Wong as country manager, Thailand and Myanmar. Based in Bangkok, Winnie will oversee all Mastercard activities in the two markets, including business development, implementation of innovative, safe, and smart payments solutions for businesses and consumers, as well as the growth and delivery of commercial solutions to corporations and SMEs.

Visa 98

Visa Cross-Border Economy Financial Inclusion 98

Bank Automation

AUGUST 21, 2024

U.K. regulators are starting to look at the European Union’s Digital Operational Resilience Act, and are monitoring the resiliency and business continuity plans of critical industry enterprises, a trend that is leading to new transactions. Software company Cockroach Labs Chief Executive Spencer Kimball told Bank Automation News, that the U.K.

Regs 81

Regs Transactions Business Continuity Automation 81

Fintech Finance

AUGUST 21, 2024

Stripe , a financial infrastructure platform for businesses, today announced a partnership to power online payments and subscription billing for Stan , Australia’s leading local streaming service. The company, launched in 2015, is known for providing Australians with unlimited access to thousands of hours of entertainment including first-run exclusive shows, original productions, movies, kids programming, and sport, all ad-free.

Origination 98

Origination Payments On-Demand Authorization 98

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Finextra

AUGUST 21, 2024

Brazilian tourists in Spain and Portugal will soon be able to use the Pix instant payments system on their trips thanks to a partnership between PagBrasil and Wipay.

Instant Payments 80

Instant Payments Payments 80

Fintech Finance

AUGUST 21, 2024

Shiji , the global hospitality technology innovator, and FreedomPay , a leading provider of secure commerce technology, have announced a partnership that marks a significant expansion into the Mexican market. This partnership underscores Shiji and FreedomPay’s commitment to improving staff and guest experiences in the hospitality businesses across Latin America, aligning with the industry’s shift towards smoother payments and payment management.

Payment Solutions 98

Payment Solutions Point-of-Sale (POS) Contactless Payments Payments 98

The Paypers

AUGUST 21, 2024

Nigeria's Securities and Exchange Commission ( SEC ) is preparing to license issuers of virtual assets, including cryptocurrencies.

Issuers 78

Issuers Cryptocurrency Security 78

Fintech Finance

AUGUST 21, 2024

The Bank of Israel has announced the issuance of an identification code to a second global fintech company that has chosen to operate in Israel as a participant in a controlled payment system – Revolut Ltd. The company is operating along the “international outline” published by the Bank of Israel[1], which enables access to the payment systems based on a foreign license from a recognized country, as well as on meeting additional conditions.

Service Provider 98

Service Provider Participant Payments Settlement 98

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

Product

The Paypers

AUGUST 21, 2024

Private and secure messaging and voice communication app Rakuten Viber has announced the launch of in-app digital payments feature Viber Pay in the Philippines.

Digital Payments 78

Digital Payments Security Payments 78

Fintech Finance

AUGUST 21, 2024

Today, Skyfire Systems, Incorporated announced the launch of the world’s first payment network built to enable fully autonomous transactions across AI Agents, LLM’s, data platforms, service providers, and other goods and services. Skyfire creates an essential operating layer, delivering critical missing components for AI commerce, including secure wallet access, verifiable Agent identity, and an open payment protocol for service requests, purchasing decisions, and instant transactions with

AI 98

AI Payment APIs and Integration Verification Payments 98

Payments Dive

AUGUST 21, 2024

The buy now, pay later firm will partner with Stripe, adding another major payments player tie to a set of recent high-profile collaborations.

BNPL 78

BNPL Process Payments 78

Fintech Finance

AUGUST 21, 2024

Yellow Card , Africa’s leading stablecoin on/off ramp, has announced that it is integrating digital asset infrastructure provider Fireblocks to improve cross-border transactions for both businesses and individuals. By utilizing Fireblocks, Yellow Card seeks to remove obstacles for global corporate treasury, in accessing African markets, by offering secure and effective on-chain solutions.

Cross-Border 97

Cross-Border Transactions Cross-Border Payments Stablecoins 97

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.

Payments

The Fintech Times

AUGUST 21, 2024

As the real estate industry continues to embrace digital transformation, proptech innovations are playing a crucial role in helping property owners maximise profits and control expenses. From advanced data analytics to smart building technologies, these innovations offer powerful tools for enhancing operational efficiency and driving revenue growth.

Risk Mitigation 72

Risk Mitigation Payment APIs and Integration Mitigation Automation 72

Fintech Finance

AUGUST 21, 2024

Trustly, Inc., the global leader in Open Banking Payments, is proud to announce the appointment of Adam D’arcy as Chief Product Officer (“CPO”). After processing $58 billion in transaction value globally and achieving 79 percent year-over-year growth in Total Payments Volume (TPV) in 2023, Trustly looks to reinforce its product team by bringing on D’arcy to lead several upcoming product expansions for Open Banking Payments.

Payments 96

Payments Product On-Demand Finance 96

The Fintech Times

AUGUST 21, 2024

Bahrain is preparing for the second edition of Fintech Forward t his October, bringing together global fintech experts, financial institutions, governments and regulators. The event, organised by Economist Impact and hosted by investment promotion agency Bahrain Economic Development Board (EDB), with support from the Central Bank of Bahrain and ecosystem builder Bahrain FinTech Bay, will focus on key topics such as generative AI, blockchain, cybercrime, open banking and sustainable finance.

Returns 69

Returns Blockchain FinTech AI 69

Fintech Finance

AUGUST 21, 2024

Network International (Network) , the leading enabler of digital commerce in the Middle East and Africa, today announced a strategic referral arrangement with Citi. The arrangement aims to enhance the payment experiences for Citi’s corporate clients by leveraging Network’s comprehensive omnichannel payment solutions. The referral arrangement will empower Citi to offer its corporate clients superior payment management solutions including enhanced transaction efficiency, increased security, and se

Payment Solutions 96

Payment Solutions Innovation Treasury Payments 96

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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