Thu.Jun 06, 2024

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New York races to pass BNPL bill

Payments Dive

State lawmakers are negotiating three separate proposals related to the buy now, pay later industry ahead of the end of the legislative session on Thursday.

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Former Barclays CPO Megan Caywood Cooper launches AI wealthtech

Finextra

Megan Caywood Cooper, former Barclays chief product officer and Starling chief platform officer, has announced her new AI wealthtech Caywood, at Money 20/20 today.

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Taking the Preemptive Strike to Thwart Rising Scams and Fraud in ASEAN Banking

Fintech News

In recent years, the banking sector in the Association of Southeast Asian Nations (ASEAN) has witnessed a significant surge in scams and fraud activities. As the digital landscape continues to evolve, fraudsters are becoming increasingly sophisticated in their methods, posing a serious threat to both financial institutions and their customers. Recent phishing and fraudulent cases involving multiple banks in Singapore have highlighted the severity of this issue and the urgent need for banks to en

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Elavon to Enable Contactless Payments for SEPTA Commuters

Fintech Finance

Elavon , a wholly-owned subsidiary of U.S. Bank and one of the largest payments processors globally, is partnering with Southeastern Pennsylvania Transportation Authority (SEPTA) to offer contactless payment acceptance from any enabled card or mobile device across transit services. SEPTA is one of the ten largest transit systems in the United States.

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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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Exploring Responsible AI Adoption

Finextra

“AI banking, or Artificial Intelligence in banking, refers to the application of various AI technolo.

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How Recurring Billing Can Benefit Your Medical Practice

PayJunction

The healthcare insurance industry’s embrace of High-Deductible Health Plans ( HDHPs ) means an increasing number of patients are responsible for paying for most medical services before plan benefits fully kick in. Your medical practice should consider recurring billing to lessen the upfront financial burden on patients.

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BS2 Bank selects Nium for corss-border payments

Finextra

Nium, the global leader in real-time cross-border payments, today announced a partnership with BS2, a digital bank in Brazil specializing in fintech solutions for businesses.

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Deutsche Bank shares data with Swift for AI fraud solution

Bank Automation

AMSTERDAM — Deutsche Bank is one of multiple financial institutions sharing anonymized data with financial messaging service provider Swift. The process will test the use of secure data-sharing for AI-driven fraud prevention, Joanne Hannaford, chief information officer and chief product officer of corporate bank at Deutsche Bank, said at Money2020 Europe on June 4.

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Mastercard taps open banking to ease account opening and updating

Finextra

Mastercard has updated its Open Banking platform to enable people to automatically switch their direct deposits and update their recurring bill payments when they open or update an account.

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Amex dismisses impact of eBay’s rejection

Payments Dive

EBay will no longer accept American Express, but the credit card company said in a statement that the online auctioneer accounts for a minuscule portion of its total business.

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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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CFPB solicits stakeholders to form open banking framework

Bank Automation

The Consumer Financial Protection Bureau is soliciting financial services stakeholders to help form a framework for sharing data ahead of open banking in the United States.

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Waystar envisions $20B healthcare payments market

Payments Dive

The software provider offered its outlook as it seeks to take the company public and expand its business.

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US Treasury seeks feedback on use of AI in financial services

Finextra

The US Department of the Treasury is seeking public comment on the risks and opportunities posed by the use of AI in financial services.

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BNP Paribas and Numeral partner for payment integration

The Paypers

BNP Paribas and Numeral , a payments technology provider, have announced a partnership aimed at facilitating payment companies' incorporation of SEPA.

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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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Lord Christopher Holmes of Richmond MBE on what the AI Regulation Bill Means for Fintech

Finextra

At IFGS 2024, Lord Christopher Holmes provides his view on announcements such the Open Finance Task Force, which were revealed by Bim Afolami MP. Lord Holmes also dives deep into the AI Regulation Bill and how the industry can better align technology for financial inclusion and to benefit vulnerable customers.

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Revolut Introduces Wealth Protection to Thwart Phone Thieves

The Fintech Times

Revolut has stepped up its fight against crime with the launch a new biometric identification feature designed to protect customers’ savings from pickpockets and phone stealers. The UK fintech, which boasts more than eight million UK customers and 40 million globally, says the Wealth Protection feature helps protect customers who have had their unlocked phone stolen, or password and face recognition compromised, and stops criminals from withdrawing customers’ savings out of their accounts.

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Lawyers of Wirecard boss Braun down tools due to lack of funds

Finextra

Markus Braun, the disgraced ex-boss of Wirecard, has been forced to rely on state provided legal support after his former lawyer quit because of lack of funds.

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iProov's Dynamic Liveness solution earns FIDO Certification

The Paypers

iProov has announced that its Dynamic Liveness Solution has achieved global certification for face biometric identity verification from the FIDO Alliance.

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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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'Mastercard for Fintechs' to blaze a trail for startups across Western Europe

Finextra

Mastercard has launched 'Mastercard for Fintechs', a dedicated programme for startups in Western Europe, offering access to technology support and educational tools alongside a series of fintech events with the opportunity to compete for the chance to win €50,000.

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‘Mastercard For Fintechs’ Offers Education, Networking and €50,000 Prize to Innovative Startups

The Fintech Times

Mastercard has unveiled a new programme designed to support fintechs across Western Europe by providing them with tools, expertise and opportunities for growth. The ‘Mastercard For Fintechs’ initiative addresses the challenges fintechs face in securing. It includes a competition for fintechs at various investment stages, with local and final events across Europe, culminating in a grand prize of €50,000 in marketing support and other benefits.

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Robinhood to buy crypto firm Bitstamp for $200m

Finextra

Trading app Robinhood has agreed a $200 million cash deal to buy crypto exchange Bitstamp in an effort to expand outside of the US and accelerate its push into digital assets.

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Robinhood Agrees to Buy Crypto Exchange Bitstamp

Finovate

Robinhood has agreed to acquire digital currency marketplace Bitstamp for $200 million in cash. The acquisition will help Robinhood fuel its global expansion and serve institutional clients, a new market for the company. The acquisition announcement comes one month after Robinhood received a Wells Notice from the SEC for violating Sections 15(a) and 17A of the Securities Exchange Act.

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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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Digital receipt startup Slip raises £2.5 million

Finextra

Slip, a female-founded fintech startup which helps physical stores digitise receipts to unlock customer insights, has raised £2.5 million.

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Expert perspectives: Challenges of implementing a payment hub

Nomentia

What it takes to improve payment operations? For businesses to succeed in the global, digitalized business environment, maintaining financial stability, and effective cash and treasury management is non-negotiable. CFOs , treasurers , and finance professionals know all too well how pivotal effective payments are to financial resilience. As things stand, it’s no wonder payment hubs are looking like an ever more intriguing investment for proactive businesses to future-proof their payment operation

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US Bank inks deal with kids finance fintech Greenlight

Finextra

U.S. Bank announced today a partnership with Greenlight® Financial Technology, Inc. (“Greenlight”), the leading family fintech company on a mission to help parents raise financially-smart kids, to provide an innovative banking solution for families.

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Equifax accepted onto CCS's Open Banking DPS framework

The Paypers

Equifax has been accepted onto Crown Commercial Service ’s Open Banking DPS framework, aiming to further accelerate its development process.

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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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CFIT CEO Ezechi Britton MBE on How to Unlock Barriers to Fintech Growth

Finextra

At IFGS 2024, Ezechi Britton MBE, CEO of the Centre for Finance, Innovation and Technology explores their recently released report on the benefits of open finance, what needs to be done to implement successful change and how open finance will change UK fintech going forward.

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'Mastercard for Fintechs', launched to support the fintech ecosystem in Western Europe

The Paypers

Mastercard has launched its new Western Europe program called `Mastercard for Fintechs` in order to further develop and improve the fintech ecosystem.

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Adyen opens Toronto office

Finextra

Today, Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, announced the opening of its own office in Toronto.

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NetSuite SuiteWorld 2024: Experience the Premier Finance Event

Paystand

2023’s SuiteWorld showcased how to unlock more value from the suite and celebrated NetSuite's 25th anniversary. This year's edition will celebrate finance’s premier event’s 10th anniversary, featuring inspiring keynotes, thought-provoking panels, and a finance networking event to help speed up growth, improve productivity, and gain deeper insights into your business.

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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