Wharton Fintech

AUGUST 15, 2024

[link] In our latest episode of the Wharton FinTech podcast, I had the pleasure of speaking with Shan Aggarwal , VP of Corporate Development and Business Development at Coinbase and the Head of Coinbase Ventures. Shan’s journey from neuroscience to the crypto industry is as unconventional as it is inspiring. Since joining Coinbase in 2018, Shan has played a crucial role in expanding Coinbase Ventures’ portfolio to over 450 companies, including notable names like Uniswap , Zora , and Consensys.

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Cross-Border Payments Cross-Border Stablecoins Consulting 130

Payments Dive

AUGUST 15, 2024

If the banks that own Zelle’s parent battle the Consumer Financial Protection Bureau in court, they may find some federal judges open to their arguments, lawyers specializing in the area said.

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Zelle Consumer 122

Finextra

AUGUST 15, 2024

UK fintech Science Card has opened an e-money account to further its goal of supporting scientific projects across health, climate change and tech through customer spending.

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Accounts FinTech 119

Fintech Finance

AUGUST 15, 2024

Adyen , the global payments platform of choice for many of the world’s leading companies, today announced its expansion in India, following the grant of authorization from the Reserve Bank of India to operate as an Online Payment Aggregator in India for domestic and cross-border payments. The commitment to accelerate payment innovation in India includes a technology hub in Bengaluru (Bangalore) and the launch of local payment processing capabilities.

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Process Technology Cross-Border Payments Push-to-Card 111

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

Finezza

AUGUST 15, 2024

The growth of Non-Performing Assets (NPAs) continues to be a top concern for digital lenders, today. According to reports, Indian banks continue to face challenges in recovering debt. India’s 39 Debt Recovery Tribunals (DRTs) and five Debt Recovery Appellate Tribunals (DRATs) struggle to cope with the volume of cases. Though 60,000 new cases are reported […] The post Tackling NPA: How Advanced Lending Software Solutions Are Helping Indian Banks appeared first on Finezza Blog.

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Fintech Finance

AUGUST 15, 2024

Modern Treasury , essential infrastructure for the new era of payments, has announced that it has expanded instant payments support for mutual customers of six leading banks — Bank of America, Cross River, JPMorgan Chase, PNC Financial Services, U.S. Bank and Wells Fargo. Instant payments, powered by the first new payment rails in the U.S. in more than four decades, enable businesses to move money faster and gain real-time insights into money movement as they track payments from initiation to re

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Instant Payments Treasury RFP RTP 105

The Payments Association

AUGUST 15, 2024

The history of payments has seen significant innovations, from gold and coins to cheques, wire transfers, and electronic payments. The advent of mobile payments marked a major shift, offering seamless, on-the-go transactions, with the market expected to grow rapidly. This growth is fueled by increasing smartphone penetration and the convenience of contactless payments, which became particularly popular during the pandemic.

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Wire Transfer Transactions Contactless Payments Wire 100

Fintech News

AUGUST 15, 2024

Airwallex, a global payments and financial platform, has surpassed US$100 billion in annual processing volume, marking a 73% year-on-year increase. The company’s revenue run rate is now approaching US$500 million, with operations achieving cash flow positivity at the end of 2023. Airwallex attributed this growth to the company’s strong product-market fit, expansive global infrastructure, and ongoing market expansion.

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Fintech Finance

AUGUST 15, 2024

Zip (ASX: ZIP), a digital financial services company offering innovative, people-centered products, today announced its integration as a payment method for U.S. merchants using Stripe. With the new integration, eligible merchants can easily enable Zip as a payment method with a single click, which can help attract new customers and increase both conversion rates and basket sizes.

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Financial Inclusion BNPL Underserved Economy 98

Payments Dive

AUGUST 15, 2024

Chime, PayPal and Block, for example, spent more on lobbying in the first half of 2024 than for the same span last year, OpenSecrets reported.

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Blocks PayPal FinTech 88

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 Finance

AUGUST 15, 2024

People are now able to support UK innovations across health, climate change and tech by simply spending on their debit card, with the new Science Card account and Mastercard debit card. Through its free account, Science Card customers can choose which UK university project(s) they’d like to support and automatically contribute to these projects each time they use their Science Card.

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Debit Card Innovation Visa Research 98

The Payments Association

AUGUST 15, 2024

Last month, the UK's Payment Systems Regulator and Financial Conduct Authority launched a review into the rapidly growing use of digital wallets, with over 30 million Britons now using them regularly. Described as part of a "seismic shift" in payments, digital wallets are expected to process over $9 trillion globally by the end of 2024. While they offer convenience and lower transaction costs, challenges like regional adoption and security concerns remain.

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Fintech Finance

AUGUST 15, 2024

PayQuicker , a leader in global payouts orchestration, announced a collaboration with Thunes , a global money movement innovator, to expand its e-Wallet payout capabilities worldwide. The collaboration aims to address the increasing demand for more diverse, and flexible payout methods, especially in emerging markets where e-Wallets serve as essential financial tools.

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Payee Cross-Border Payments Cross-Border On-Demand 98

The Payments Association

AUGUST 15, 2024

Cross-border payments can give a business an entirely new scope of potential customers, the ability to facilitate payments globally is a game changer. However, some key elements are essential to making this work seamlessly.

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Cross-Border Payments Cross-Border Facilitators Payments 88

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

Fintech Finance

AUGUST 15, 2024

Airwallex , a leading global payments and financial platform for modern businesses, has surpassed $100 billion in annual processing volume, up 73 percent year-on-year. Airwallex has seen growing volumes across all products, including payments, FX, payouts, and issuing, and an annual run rate revenue approaching $500 million. These achievements come on the heels of Airwallex achieving cash flow positivity at the end of 2023 – a dividend of the company’s strong product market fit, ubiquitous globa

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National Processing

AUGUST 15, 2024

National Processing Future of Virtual Terminals: 16 Trends How does the future of virtual terminals and payment innovations look? Bright and full of promise for businesses and consumers. There are emerging payment technologies that will save money for all parties involved in payment transactions. And the rollout of new, security-focused digital payment solutions will help slow the onslaught of fraud that is at an all-time high.

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Emerging Payments Digital Payments Process Payment Solutions 88

Fintech Finance

AUGUST 15, 2024

Sionic , a leading provider of real-time, Pay-by-Bank Commerce (PbBC) services, today announced the launch of its comprehensive fraud detection and mitigation service built exclusively for real-time, bank-to-bank payments at checkouts, whether online, mobile or in-store. Using Google Cloud’s Vertex AI platform, Sionic is able to help financial institutions and retailers detect fraud more effectively.

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AI Fraud Detection Technology Real Time Payments 97

Basis Theory

AUGUST 15, 2024

Payment orchestration is used interchangeably with payment routing, and we’re clearly defining both in this post!

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Payments Posting 88

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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?

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Fintech Finance

AUGUST 15, 2024

Klarna , the AI-powered global payments network and shopping assistant, has launched two new products tapping into retail banks’ core business: everyday spending and saving. Launched in 12 countries across Europe and the US, this marks a significant step forward in Klarna’s mission to disrupt retail banking and become an every day spending partner to the world’s consumers.

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Payment Networks Credit Cards Returns Accounts 97

Axway

AUGUST 15, 2024

APIs can be a powerful asset in your MFT toolkit. Today, virtually everything communicates via REST APIs – they are light, efficient, and easy to use. They are easy to expose, understand, and update.

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API 52

Fintech Finance

AUGUST 15, 2024

Yuze , a leading UAE-based fintech, has secured a $30 million investment from Osten Investments to drive its expansion into new markets. This funding will enhance Yuze’s mission to provide advanced financial solutions to SMEs and independent professionals beyond the UAE. The investment will accelerate Yuze’s plans to offer tailored financial services to underbanked businesses, supporting global financial inclusion initiatives.

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Financial Inclusion Security Addressing FinTech 94

Axway

AUGUST 15, 2024

In the early 2000s, the tech landscape witnessed a shift as companies began recognizing the value of offering APIs to partners and third parties.

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API Product Governance Government 52

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

Payments Dive

AUGUST 15, 2024

“JPMorgan Chase is the industry leader when it comes to usurious overdraft fees,” Sens. Elizabeth Warren, D-MA, and Chris Van Hollen, D-MD, wrote in a letter sent Friday.

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Checks Accounts 78

Bank Automation

AUGUST 15, 2024

Valley Bank is using AI and automation to boost its efficiency without adding as much personnel. The $62 billion bank is using AI, machine learning and robotic process automation to limit “repetitive, manual tasks” for employees, Russell Barrett, senior executive vice president and chief operating officer, told Bank Automation News.

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AI Automation Process Technology 75

Finextra

AUGUST 15, 2024

Wealthtech entrepreneur John Wise and PE firm Stellex Capital Management have acquired S&P Global’s Fincentric business with a view to providing digital experiences and financial data distribution to the wealth, broking and asset management industries.

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Acquirers 75

Bank Automation

AUGUST 15, 2024

Since the start of the year, Wells Fargo has added new capabilities to its AI-driven virtual assistant, Fargo. Powered by Google Cloud, the digital assistant is now equipped with AI-driven insights to help bank clients better understand their spending habits and access actionable tips about their finances, according to the bank.

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AI Finance 75

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

Finextra

AUGUST 15, 2024

UK challenger banks once again outshone incumbents in the latest annual banking satisfaction survey conducted by the Competition and Markets Authority.

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Authorization 75

The Fintech Times

AUGUST 15, 2024

NOW Money , a fintech providing banking and payroll solutions to the underbanked migrant population in the Middle East, is on a mission to provide accessible and inclusive finance. However, achieving this alone is an incredibly difficult task. As such, the fintech has announced new partnerships with Commercial Bank International (CBI) and Network International (Network).

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Financial Inclusion Payroll Mobile Banking Innovation 59

Finextra

AUGUST 15, 2024

The UK's Payment Systems Regulator says it will assess the necessity and scope of mandated participation in Phase 1 expansion of Variable Recurring Payments (VRPs) following stakeholder feedback.

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Assessments Participant Payments Regulations 69

The Fintech Times

AUGUST 15, 2024

Andromeda Sales & Distribution , an India-based loan distribution network, is expanding into the Middle East in partnership with Wealth Link Solutions , following strong domestic performance. By joining forces with Wealth Link Solutions, Andromeda is aiming to address the home loan needs of the Non-Resident Indian (NRI) population in the Middle East, which totals around 9.55 million.

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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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