Wed.Nov 20, 2024

article thumbnail

Xoom Enables Partners to Use PayPal USD for Faster Cross-Border Payments

Fintech News

PayPal has announced that its disbursement partners can now use PayPal USD (PYUSD) to settle cross-border money transfers via Xoom, its digital remittance platform. Xoom, a PayPal service, offers digital remittance services in over 160 countries, providing users with a convenient platform to send money, pay bills, and reload phones. This move aims to reduce the cost and increase the speed of international money transfers by leveraging blockchain technology.

article thumbnail

Empowering Financial Institutions: An Interview with the CEO of Almond FinTech

Fintech Review

In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-border payment technology. Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments. The SOE optimises transaction routes and provides near-instantaneous settlement for financial institutions globally.

article thumbnail

Zühlke Champions Generative AI, Digital Money for Future of Finance at SFF 2024

Fintech News

Global technology and innovation partner Zühlke took part in the Singapore Fintech Festival (SFF) 2024, demonstrating its commitment to driving impactful change in the financial technology landscape. Zühlke offered forward-thinking perspectives on the adoption of AI, digital money, and the future of work for talents. As a Knowledge Partner of Insights Forum , the invitation-only event organised by the Global Finance & Technology Network (GFTN), Zühlke contributed through expert insights and

AI 113
article thumbnail

The Lufthansa Group Partners With Global Payment Orchestration Platform to Enhance and Streamline B2B Payments 

Fintech Finance

FinMont , a leading global payment orchestration platform, is pleased to announce its partnership with The Lufthansa Group, one of the world’s leading airlines. The Group works with FinMont on its innovative payment platform, enhancing B2B payment processes. This new partnership will also incorporate Camino Network’s blockchain solution built specifically for the travel industry to document all transactions.

article thumbnail

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.

article thumbnail

PayPal CEO pushes beyond payments

Payments Dive

After a year as CEO of the digital payments pioneer, Alex Chriss is spearheading an expanded role in commerce for the company.

PayPal 207
article thumbnail

Afterpay’s BNPL Now Available on Google Pay, Offering Shoppers Even More Choice and Flexibility

Fintech Finance

Afterpay , a leading Buy Now, Pay Later (BNPL), announced today its flexible payment functionality will be available for consumers checking out online through Google Pay at select merchants. For consumers who are looking for more ways to pay this holiday season, they can now choose Afterpay at checkout to spread their purchases out in installments. According to an Afterpay survey, 1 in 3 shoppers considered using BNPL due to the convenience and flexibility it affords them, with Afterpay users ci

BNPL 98

More Trending

article thumbnail

Australian banks pilot fraud intelligence sharing network

Finextra

Australia's top banks are piloting a fraud and scams intelligence-sharing network using behavioural- and device-based technology from security vendor BioCatch.

Scams 134
article thumbnail

Why This Chinese Unicorn is Betting Big on Southeast Asia’s B2B Cross Border Payment

Fintech News

Cross-border payment firm XTransfer is leveraging its success in China to fuel an ambitious global expansion plan. With a focus on emerging markets across Southeast Asia, the Middle East, and Latin America, the company aims to support small and medium-sized enterprises (SMEs) in their international growth with fast and convenient payment solutions. Speaking to Fintech News Singapore during the Singapore Fintech Festival 2024, Bill Deng, Founder and CEO of XTransfer, shared the company’s future p

article thumbnail

Moss to embed global bank transfers with Airwallex

Finextra

Moss, a leading innovator in B2B spend management solutions, has partnered with Airwallex, the leading global payments and financial platform for modern businesses, to embed global bank transfers and expand operational capabilities, supporting Moss’ international growth ambitions.

B2B 132
article thumbnail

Singaporeans Increasingly Rely on Social Media for Financial Advice

Fintech News

A new study by MoneySmart reveals that social media has become the go-to source for financial advice in Singapore. Over half (51%) of adults rely on platforms like YouTube, Instagram, Facebook, TikTok, and WhatsApp for financial guidance. This marks a significant shift away from traditional sources like family, friends, and financial advisors. The study, which surveyed 1,000 Singaporean adults across all age groups, found that social media is influencing key financial decisions.

article thumbnail

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

article thumbnail

Fintech giant Finastra confirms it’s investigating a data breach

TechCrunch Fintech

An incident disclosure shared with Finastra's banking and financial customers confirms a hacker stole files from a company system. © 2024 TechCrunch. All rights reserved. For personal use only.

article thumbnail

Crypto.com and Triple-A Simplify Crypto Payments for Online Shopping

Fintech News

Crypto.com has partnered with Triple-A to allow users to make purchases from various online merchants directly with crypto. This service, starting in Singapore, lets users pay with crypto from their Crypto.com wallet without the need to convert it to local currency, and also earn crypto rewards on their purchases. Triple-A’s technology handles the conversion process seamlessly in the background.

Payments 121
article thumbnail

From Cash to Contactless: Understanding the Future of Payment Habits Across the UK

Fintech Finance

New research from NatWest has revealed the continued fast pace of change in the payments behaviours of people across the UK. As digital payments become more readily available, in 2024, only 8% of adults report that they still use cash and coins “all of the time,” according to new NatWest data. The research, surveying over 2,000 adults across the UK, highlighted the impact of digital alternatives, indicating that the vast majority of cash users are able and willing to use card or contactless paym

ATM 110
article thumbnail

MAS Streamlines Product Approval Process for Life Insurers

Fintech News

The Monetary Authority of Singapore (MAS) is streamlining the product approval process for life insurers while maintaining robust consumer protection. Amendments to MAS Notice 302 on Product Development and Pricing and MAS Notice 321 on Direct Purchase Insurance Products, effective 21 November 2024, introduce a tiered notification system based on the novelty of product features.

Product 111
article thumbnail

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.

article thumbnail

Cilab adds support for testing EMV contactless payments acceptance on NFC devices

NFCW

CILAB CI230: Now able to validate EMV interoperability and payment acceptance on NFC devices PARTNER NEWS: The Cilab ci230 high speed test bench now includes support for testing NFC device compliance with EMVCo’s new reduced range testing process for contactless payments acceptance on standard NFC devices. The Softpos test suite is able to validate interoperability and payment acceptance for TapToMobile, Tap on Phone, Tap on Mobile, Tap to Phone and Tap to Pay systems, Cilab says. “T

article thumbnail

Thunes Names Peter Cohen as Chief Compliance Officer

Fintech News

Thunes, a global payments company facilitating cross-border transactions, has appointed Peter Cohen as its new Chief Compliance Officer. Reporting to General Counsel Ruwan De Soyza, Cohen brings over two decades of experience in the payments industry to his role. He will be responsible for fortifying Thunes ‘ compliance framework and ensuring the company adheres to the regulatory standards worldwide.

article thumbnail

How FloQast AI Transaction Matching Simplifies Reconciliation for Modern Accountants

FloQast

Efficient account reconciliations is a cornerstone of modern accounting practices, demanding precision and speed to keep pace with today’s financial landscape. With the launch of FloQast AI Transaction Matching , a vital component of the FloQast Accounting Transformation Platform , accountants now have a solution that is tailored to address their specific needs, focusing on making reconciliation processes simpler and more accurate.

article thumbnail

The Evolution of Biometric Security Technologies 

Segpay

Biometric security has become a normal part of modern technology. Facial recognition, fingerprint scanning, and iris recognition have revolutionized how we verify identity, access information, and secure environments. As these technologies continue to evolve, they not only enhance security but also improve user experience. However, pressing concerns about privacy and fraud by cybercriminal networks must be addressed.

article thumbnail

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?

article thumbnail

Strategic Partnership: Tarabut & Geidea Sign MOU to Explore Game-Changing SME Financing Solutions in Saudi Arabia

Fintech Finance

Tarabut , the MENA region’s leading, regulated open banking platform, and Geidea , Saudi Arabia’s leading payments solutions provider, have entered a strategic partnership to explore and potentially develop tailored SME financing solutions, subject to regulatory approvals. Today, SMEs represent 1.3 million businesses in Saudi Arabia, and they face a financing gap of over SAR 300 billion.

Finance 98
article thumbnail

Harnessing B2B potential: The killer use case for embedded finance

The Payments Association

In today’s competitive market, embedded finance is no longer a passing trend; it’s a fundamental game changer. Corporate-embedded finance radically reshapes businesses, offering new revenue opportunities and redefining customer relationships. Companies that fail to integrate financial services into their ecosystems risk falling behind. This isn’t a peripheral add-on; it’s the future of commerce.

article thumbnail

Moss Partners With Airwallex to Enhance and Streamline Global Payments

Fintech Finance

Moss , a leading innovator in B2B spend management solutions, has partnered with Airwallex , the leading global payments and financial platform for modern businesses, to embed global bank transfers and expand operational capabilities, supporting Moss’ international growth ambitions. Moss, which provides real-time visibility and control over company spending and reduces administrative burdens on finance teams, needed to enhance its Bill Pay product with more coverage and additional currencies.

article thumbnail

Guavapay partners with American Express to expand merchant payment acceptance options

The Payments Association

Guavapay , a global fintech company, now allows MyGuava Business merchants to accept American Express® Cards as a payment method. Through this collaboration, MyGuava Business merchants using online payment gateways and POS terminals can offer their customers the option to pay with American Express. The agreement across the UK and Europe marks a significant milestone for Guavapay.

article thumbnail

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

article thumbnail

Curve Appoints Payments’ Specialist Edoardo Volta as SVP Partner Marketing and Business Development

Fintech Finance

Curve , the ultimate digital wallet, has announced the appointment of Edoardo Volta as SVP, Partner Marketing & Business Development. With a distinguished career spanning over 20 years, having held senior business development and partnership roles at Mastercard, Visa, and American Express, Edoardo brings exceptional expertise and strategic vision to Curve’s ambitious growth plans.

Visa 98
article thumbnail

More businesses are turning to AI in the fight against fraud

The Payments Association

An uptick in fraudulent activity is an unfortunate byproduct of the rapid growth in the eCommerce market. From payment card fraud and identity theft to chargeback fraud and refund fraud, scammers are continuously devising new ways to siphon money away from cardholders and merchants illegally. Of particular concern to merchants is first-party misuse of the chargeback process by cardholders. 72% of merchants surveyed for the recently published 2024 Chargeback Field Report say they have experienced

AI 88
article thumbnail

K3 MStore Partners With DNA Payments to Deliver Unified Payment Solutions for Visitor Attractions

Fintech Finance

K3 MStore , the leading all-in-one retail platform for visitor attractions, is proud to announce an exciting partnership with DNA Payments , one of the largest independent omnichannel payments companies in the UK and EU. This collaboration will offer a seamless and unified payment solution for visitor attractions, enabling organisations to effortlessly integrate their onsite and online payment systems.

article thumbnail

t3 delivers fast and safe payment platform migration for a major European banking group

The Payments Association

When Hungary’s largest commercial bank, OTP Group, decided to migrate its payment authorisation system to a new platform, it knew it needed a testing partner capable of going the extra mile. It needed a solution that: Would meet strict testing deadlines while eliminating the risk of transaction errors and regulatory compliance breaches Offered infinite test cases to demonstrate that the platform could handle all possible payment authorisation scenarios Allowed OTP Group engineers to create test

article thumbnail

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.

article thumbnail

Wirex Works with Banking Circle to Revolutionize Global Financial Operations

Fintech Finance

Wirex , a leading Web3 money app, is thrilled to announce a groundbreaking global alliance with Banking Circle , a leading provider of next-generation banking services. This strategic collaboration is set to dramatically enhance Wirex’s financial operations across the globe, empowering millions of users with cutting-edge banking solutions. Under the cooperation, Banking Circle will provide a robust range of banking services that are crucial to Wirex’s continued global expansion and t

article thumbnail

Smart Contracts: Key Essentials for AR Professionals

Paystand

Table of Contents What is a smart contract (vs. blockchain) What are the four major parts of a smart contract?

article thumbnail

ACI Worldwide Scamscope Projects APP Scam Losses to Hit $7.6 Billion by 2028

Fintech Finance

Authorized push payment (APP) scam losses are on the rise, expected to climb to $7.6 billion by 2028 across six leading real-time payment markets (U.S., U.K., India, Brazil, Australia and UAE), according to the latest Scamscope report from ACI Worldwide  (NASDAQ: ACIW), an original innovator in global payments technology, in partnership with GlobalData, a leading data and analytics company.

Scams 97
article thumbnail

LangChain vs LlamaIndex: Choosing the Right Framework for Your LLM Application

Nanonets

Introduction: Large Language Models (LLMs) are now widely available for basic chatbot based usage, but integrating them into more complex applications can be difficult. Lucky for developers, there are tools that streamline the integration of LLMs to applications, two of the most prominent being LangChain and LlamaIndex.  These two open-source frameworks bridge the gap between the raw power of LLMs and practical, user-ready apps - each offering a unique set of tools supporting developers in

article thumbnail

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