Sun.Aug 04, 2024

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Tech Mahindra and Finastra to Accelerate Corporate Bank Digitalisation

Fintech News

Tech Mahindra, a global technology consulting and digital solutions provider, has announced a strategic partnership with financial software provider Finastra to accelerate the digital transformation of corporate banks. Under this partnership, Tech Mahindra will become Finastra’s exclusive global implementation partner for its cash management platform and the preferred partner for its trade innovation and corporate channels solutions in the US, Canada, and Europe.

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Surprising findings from our analysis of 3DS transactions in the US

Stripe

Global businesses have told us they’re interested in replicating the fraud-prevention success seen in Europe by requesting 3DS. Last year, we had a front-row seat as several Stripe users chose to do exactly that, but the results in the US were very different from what we have seen in Europe.

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Trending Sources

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MAS Awards HashKey OTC License for Crypto Payments

Fintech News

HashKey Technology Services (HashKey OTC), the over-the-counter trading arm of HashKey Group, has been granted a Major Payment Institution license by the Monetary Authority of Singapore (MAS). This license enables HashKey OTC to provide digital payment token (DPT) services in Singapore. The approval follows an in-principle approval received in late February.

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Where are US stocks headed? Here are the key levels to watch

Bank Automation

The rout in the US stock market has brought the S&P 500 Index to a crucial inflection point, and chart watchers are scouring key technical thresholds for clues on whether the worst of the selloff is over.

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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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NTUC and Income Insurance Defend Allianz Sale, Call Former CEO’s Claims “Unfair”

Fintech News

NTUC Enterprise and Income Insurance have refuted claims made by former NTUC Income CEO Tan Suee Chieh in an open letter to the Monetary Authority of Singapore (MAS), in which he raised corporate governance issues and expressed concern over the potential erosion of NTUC Income’s social mission in light of its sale to Allianz. Last month, Allianz had announced plans to acquire a 51% stake in Singapore’s Income Insurance in a deal valued at approximately SG$ 2.2 billion (EUR 1.5 billion).

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NPCI cuts off hundreds of banks over IT vendor ransomware attack

Finextra

More than 200 cooperative and regional rural banks were briefly cut off from India's retail payments system last week by the National Payments Corporation of India (NPCI) amid concerns that C-Edge Technologies had been hit by a ransomware attack.

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API Banking in India: Intersection of Tech and Regulatory Frameworks

Finezza

The Indian financial ecosystem maintained a guarded position for several decades primarily depending on traditional technology systems. Fast forward to 2024, the outlook has changed drastically, paving the way for new financial products and services backed by cutting-edge tech and innovative solutions including Application Programming Interface (API).

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Nium Simplifies Money Moving for Businesses Across the Globe With Network Expansion

The Fintech Times

Real-time cross-border payments provider, Nium is expanding its local funding and collection capabilities enabling its customers greater access to a range of local currencies through wires and local payment rails. The announcement has seen Nium expand its capabilities to more than 40 countries and 15 currencies. This meets the growing demands of organisations as they look to meet the diverse requirements of different markets, including developing and emerging economies.

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EMTECH launches Beyond Compliance product

The Paypers

Central Banking Infrastructure company EMTECH has announced the launch of Beyond Compliance, a product that aims to optimise regulatory compliance for FSPs.

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News & Views Podcast | Episode 162: BNPL in the Philippines & Access to Incumbents

The Fintech Times

On this week’s episode of News & Views, The Fintech Times Podcast team speak about the BNPL market expecting to grow across the Philippines and how incumbents are adjusting their offerings to become more accessible with special guest, Adam Katz , CEO and founder at Kooltra. In this episode, The Fintech Times Podcast team are down a man as Tom is away.

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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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IDEMIA Secure Transactions publishes on customer payment card behaviour

The Paypers

Technology provider IDEMIA Secure Transactions reveals detailed customer payment card behavior insights in a newly released global survey.