Finextra
OCTOBER 22, 2024
Europe's Target Settlement system is to join Project Nexus, a Bank for International Settlements initiative to connect domestic real-time networks across borders.
Fintech News
OCTOBER 22, 2024
HSBC Holdings’ new CEO, Georges Elhedery, has introduced the most extensive restructuring of the bank in over a decade, aimed at streamlining operations and addressing cost pressures. The plan merges HSBC’s global commercial and institutional banking operations and establishes a new international wealth and premier banking division. In addition, the bank is reorganising its regional structure, splitting its operations into two primary units: one focused on Asia-Pacific and the Middle East, and t
Finextra
OCTOBER 22, 2024
Consumers in the US will be given the right to instruct their banks to transfer their financial data to other institutions, under new open banking rules devised by the Consumer Financial Protection Bureau.
Fintech News
OCTOBER 22, 2024
In Asia-Pacific (APAC), fraud is becoming an increasingly serious challenge for financial institutions, an issue that has been exacerbated by the rapid adoption of digital transactions and online banking. To address these risks, financial institutions in the region are adopting new security measures and embracing cutting-edge technologies, a new research by NICE Actimize found.
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.
Finextra
OCTOBER 22, 2024
On the second day of Sibos, Benedicte Nolens, centre head of the BIS Innovation Hub moderated the session ‘Reality check: How far have CBDCs come?’, and the speakers outlined how central bank digital currencies (CBDCs) are in various processes of development in their countries.
Fintech News
OCTOBER 22, 2024
Indonesia’s Financial Services Authority ( OJK ) has revoked the business license of PT Investree Radhika Jaya ( Investree ), a peer-to-peer lending platform. The decision was made due to Investree’s failure to meet minimum equity requirements and other regulatory provisions. The company also experienced operational difficulties and declining performance that impacted its services.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
TechCrunch Fintech
OCTOBER 22, 2024
Interface.ai, a customer automation platform for banks and other financial institutions, today announced that it closed a $30 million funding round led by Avataar Venture Partners. $20 million of the round was equity, while the remaining $10 million was in the form of debt. It’s Interface’s first outside capital; the startup had been completely bootstrapped. […] © 2024 TechCrunch.
Finextra
OCTOBER 22, 2024
Regulators must define a “minimum set of data” to be shared between banks that would still “serve the purpose” of fraud detection and prevention, said Michele Gentile, head of group correspondent banking, APAC, UniCredit, at Sibos today.
Bank Automation
OCTOBER 22, 2024
Ashleigh Ashbrook, vice president of digital service experience at Michigan State University Federal Credit Union, will join the Bank Automation Summit U.S. 2025 speaker faculty. The summit, which takes place March 3-4 at the Hilton Nashville Downtown in Nashville, Tenn., will provide two days of insight from industry experts on ways financial institutions are benefiting […] The post MSUFCU’s Ashbrook to join speaker faculty at Bank Automation Summit U.S. 2025 appeared first on Bank Autom
Fintech News
OCTOBER 22, 2024
11 fintech startups from Singapore have been recognized in the inaugural NextGen Tech 30, a prestigious award celebrating Southeast Asia’s most promising high-growth technology companies. NextGen Tech 30 is said to be the first public-private initiative in the Association of Southeast Asian Nations (ASEAN) dedicated to identifying and supporting the top 30 up-and-coming growth-stage companies that are driving innovation and economic transformation across the region.
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
PCI Security Standards
OCTOBER 22, 2024
Welcome Concentrix, a new Principal Participating Organization (PPO) at the PCI Security Standards Council! In this special spotlight edition of our PCI Perspectives Blog, Concentrix’s Global Vice President, Rishi Rajpal, introduces us to his company and how they are helping to shape the future of payment security.
Fintech News
OCTOBER 22, 2024
Komainu, a regulated digital asset custodian, has announced its intention to acquire Propine Holdings , a Singapore-based digital asset custody provider. The deal, which is pending approval from the Monetary Authority of Singapore, will strengthen Komainu’s presence in Singapore and Southeast Asia, excluding Japan. This acquisition will allow Komainu to leverage Propine’s established infrastructure and regulatory compliance in Singapore.
Clearly Payments
OCTOBER 22, 2024
As a merchant, understanding how a PIN (Personal Identification Number) works with credit and debit card transactions is essential for running a secure and efficient payment process. Whether you operate a physical store or an e-commerce business, being informed about the role of PINs can help you prevent fraud, ensure smooth transactions, and provide a safer shopping experience for your customers.
Segpay
OCTOBER 22, 2024
Privacy-Friendly Cryptographic Security in Compliance with the Law Resistance to traditional ID-based age verification is growing. While user ID-based methods remain effective and compliant, they are often seen as invasive and raise privacy concerns. In response, less intrusive alternatives like blockchain-based age verification are emerging. These solutions aim to balance security, user-friendliness, and privacy protection.
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.
The Paypers
OCTOBER 22, 2024
dLocal has announced its partnership with USI Money in order to streamline cross-border payments for customers and clients in the region of Asia and Africa.
Finextra
OCTOBER 22, 2024
Nium, the leading global infrastructure for real-time cross-border payments, is thrilled to announce its strategic partnership with Doha Bank, a premier financial institution in Qatar.
Fintech Finance
OCTOBER 22, 2024
Chargebacks911 —the world’s leading chargeback technology platform—is building on the strong momentum for diversity and inclusion in FinTech in 2024, as it seeks to recruit new female mentors and mentees for its sister brand Fi911’s LIFT: Empowering Women in Fintech micro-mentorship programme aimed at helping women break into and excel in the finance, technology, and payments sectors.
Finextra
OCTOBER 22, 2024
A banking loophole leaving account holders vulnerable to fraud can be closed by a groundbreaking development merging open banking with Direct Debit sign up.
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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?
Evolve Payment
OCTOBER 22, 2024
Table of Contents We’ve all seen the convincing fake videos of politicians and prominent business influencers created by AI. These AI-created images, videos, and audio content, called deepfakes, showcase how advanced AI generation tools have become. AI deepfakes often have convincing video and voice manipulation, making them increasingly difficult to identify–and this technology is only becoming more advanced and easily accessible.
Fintech Finance
OCTOBER 22, 2024
Thunes , the Smart Superhighway to move money around the world, today announced the launch of its revolutionary QR Code Payments solution. This innovation allows Members of the Thunes’ Direct Global Network – including mobile wallets, neo-banks, and banks with mobile capabilities – to connect directly to China’s QR code payment systems operated by the Digital Currency Institute (DCI) and NetsUnion Clearing Corporation (NUCC).
Finextra
OCTOBER 22, 2024
At Sibos 2024, Sergey Nazarov, Co-Founder of Chainlink, highlighted the growing adoption of blockchain technology by asset managers, driven by efficiency gains in settlement, payments, and collateral management. Nazarov announced the launch of two key privacy-focused tools: the Blockchain Privacy Manager and CCIP Private Transactions, designed to ensure secure, private transactions across multiple blockchains.
Fintech Finance
OCTOBER 22, 2024
HSBC have launched a new cross border e-commerce payment solution for banks worldwide, enabling their merchant business customers trading on e-commerce sites to seamlessly receive EUR and GBP payments via their local bank account. Prior to HSBC’s introduction of this virtual account solution, businesses in certain jurisdictions were only able to access EUR and GBP funds using cross-border payments at greater cost to e-marketplace platforms and merchants, due to additional fees and FX rates.
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
Fintech Review
OCTOBER 22, 2024
Cryptocurrencies have rapidly gained prominence over the last decade, presenting both opportunities and challenges for individuals, businesses, and regulators alike. As digital assets become more widespread, taxation laws are being shaped and adapted to accommodate them. However, the taxation of cryptocurrencies is a complex matter, with varying approaches and inconsistent frameworks across jurisdictions.
Fintech Finance
OCTOBER 22, 2024
Nium , the leading global infrastructure for real-time cross-border payments, is thrilled to announce its strategic partnership with Doha Bank , a premier financial institution in Qatar. This collaboration marks Nium’s inaugural partnership in Qatar, underscoring its commitment to revolutionizing the landscape of international payments. Central to this collaboration is the commitment to offer fast, reliable, and cost-effective remittance services to residents of Qatar.
Finextra
OCTOBER 22, 2024
HSBC has launched a new cross-border virtual account proposition for banks worldwide, enabling their merchant business customers trading on e-commerce sites to receive EUR and GBP payments via their local bank account.
Fintech Finance
OCTOBER 22, 2024
MeaWallet , a leading digital payments enabler specialising in card tokenization, proudly announces its partnership with Toqio , a leading technology platform for B2B embedded finance for businesses, to enhance its digital card capabilities for corporate customers in the UK and Spain. The partnership enables Toqio to expand its tokenisation services and integrate push provisioning technology into its card offering, meaning its corporate customers in the UK and Spain can now adopt and distribute
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 Dive
OCTOBER 22, 2024
In a change from last year’s proposal, payment apps are included under the rule. Financial institutions with less than $850 million in assets are exempt.
Fintech Finance
OCTOBER 22, 2024
Temenos today launched a SaaS enterprise service for cross border payments, empowering Payment Service Providers (PSPs), including banks, electronic money institutions (EMIs) and fintechs, to swiftly launch and lower the cost of cross border payment services. Temenos Cross Border Payments Enterprise Service is for any organization currently supporting or seeking to support cross border payment flows.
The Payments Association
OCTOBER 22, 2024
Payment institutions, e-money institutions and credit unions that issue e-money (together, “Payments Firms”) are required to protect funds received in connection with making a payment or in exchange for e-money issued through safeguarding (“Relevant Funds”). This is a different approach from banks, the deposits of which are covered by the Financial Services Compensation Scheme (FSCS).
Fintech Finance
OCTOBER 22, 2024
TBC Bank Uzbekistan (TBC UZ), the country’s largest mobile-only bank, announces its long-term strategic partnership with Visa, set to broaden and expand its global payments and money transfers infrastructure. TBC UZ is part of TBC Uzbekistan, a leading digital banking ecosystem in Central Asia serving 16 million unique registered users. This collaboration with Visa lays the groundwork for introducing Visa cards and additional payment solutions via Visa Direct, a payments platform enabling fast
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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