Payments Dive

AUGUST 5, 2024

The company said it raised a record $24.2 billion from services in the most recent quarter, a 14% year-over-year increase.

Payments 159

Payments 159

VISTA InfoSec

AUGUST 5, 2024

The SOC 2 (Service Organization Control 2) audit and attestation process is something that has been devised by the American Institute of Certified Public Accountants (AICPA) in order to ensure that organizations which provide services have secure procedures to govern data so as not to compromise the welfare of their clients. For this reason, achieving SOC 2 compliance is crucial for service agencies especially those involved with sensitive customer data.

Audit 130

Audit Compliance Procedures Best Practices 130

Payments Dive

AUGUST 5, 2024

The Federal Reserve instant payments system may cut fees after it attracts more financial institutions, or in the face of competition, a Wolfe Research analyst said, citing a FedNow official.

FedNow 159

FedNow Federal Reserve Instant Payments Research 159

Fintech Finance

AUGUST 5, 2024

Fingerprint Cards AB (Fingerprints) today announced the appointment of David Eastaugh as the company’s Chief Strategy and Technology Officer. He will assume his position on August 19, 2024. David is a technology visionary in the fields of identity, data, and combating financial crime and fraud, with a diverse background that includes experience in startups, scale-ups, consulting, and corporations.

Technology 124

Technology Financial Crimes Verification Crime 124

Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón

Enterprise commerce is evolving fast, and brands relying on rigid, one-size-fits-all solutions risk losing agility. But modernization doesn’t have to mean disruption. In this webinar, we’ll explore how an extensible, modular approach empowers brands to integrate new capabilities, enhance performance, and scale efficiently—all while leveraging Shopify’s strengths.

B2C

Payments Dive

AUGUST 5, 2024

The bank flagged government inquiries over its handling of P2P disputes in May, and said Friday it would consider litigation if the agency issues an enforcement action.

Zelle 158

Zelle CFPB Disputes P2P 158

Fintech News

AUGUST 5, 2024

In 2023, e-commerce continued to expand in Southeast Asia, with the gross merchandise value (GMV) of the region’s top eight e-commerce platforms increasing by 15% year-over-year (YoY) to reach US$114.6 billion, according to Momentum Works’ “Ecommerce in Southeast Asia 2024” report. The figure represents a 2.1-fold increase from 2020, and showcases the rapid growth of e-commerce in the region.

AI 120

AI Cross-Border Product Small Business 120

Finovate

AUGUST 5, 2024

A major sell-off in the stock market is giving investors jitters as August begins in earnest. Funding news for companies in lending and wealth management leads the fintech news this week. Be sure to check back over the next few days for the latest updates and announcements. Lending U.K.-based SME lender Shawbrook partners with nCino to automate loan origination.

FinTech 111

FinTech Credit Union Advisors Cybersecurity 111

Finextra

AUGUST 5, 2024

Australia's Commonwealth Bank says it has cut customer scam losses in half in FY24 through a combination of new anti-scam technologies, cross-industry collaborations and customer education.

Scams 116

Scams Technology 116

Fintech News

AUGUST 5, 2024

Revolut, a global neobank with 45 million users, has introduced its business-to-business platform, Revolut Business , in Singapore, marking its first market in Asia. This platform aims to provide Singaporean companies of all sizes with efficient and affordable financial management tools, facilitating global business operations. Revolut Business is designed as a comprehensive financial management solution that reduces administrative tasks, allowing businesses to focus on growth.

Multi-Currency 111

Multi-Currency Debit Card On-Demand Facilitators 111

DeckCommerce

AUGUST 5, 2024

As the ecommerce industry grows by the minute, it has become clear to all business directors that efficiency in order management is crucial. As has happened with many other processes, automation has become a must to reach business goals and be competitive.

Automation 105

Automation Process Technology 105

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 News

AUGUST 5, 2024

YouBiz, a multi-currency corporate card and spend management platform by YouTrip , has introduced a new Chinese Yuan Renminbi (CNY) remittance corridor. This move addresses the growing need for efficient and cost-effective cross-border transactions between Singapore and China. China, Singapore’s largest trading partner, facilitated nearly S$80 billion in imports in 2023.

Multi-Currency 107

Multi-Currency Cross-Border Payments Cross-Border Funds Transfer 107

Finovate

AUGUST 5, 2024

Bilt Rewards received $150 million in a funding round led by Teachers’ Venture Growth. The new round brings the company’s total funding to $710 million. The funding comes six months after Bilt Rewards’ January investment round, which valued the company at $3.1 billion. Bilt Rewards , a rewards program that allows renters to earn points for paying rent on time, announced it has received $150 million in funding this week.

Participant 105

Participant Acquirers Payments FinTech 105

Fintech News

AUGUST 5, 2024

Singapore’s state-owned investment company Temasek announced the addition of three new external appointments, according to a Reuters report. Gabriel Lim Gabriel Lim , currently the Permanent Secretary (Policy) at Singapore’s Ministry of Trade and Industry, will join Temasek on 1 October as joint head of corporate strategy. In this role, Lim will help develop and implement Temasek’s 2030 strategy, while strengthening relationships with partners and stakeholders.

Consulting 107

Consulting Innovation FinTech Posting 107

Finextra

AUGUST 5, 2024

Nationwide is use its national network of branches to offer specialist dementia clinics to help tackle the country’s leading cause of death.

105

105

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

Fintech News

AUGUST 5, 2024

In the burgeoning world of fintech, talent acquisition and strategic hires play a critical role in setting the stage for future growth and stability. Southeast Asia and Hong Kong, two of the most vibrant fintech hubs in the region, are buzzing with activity as companies continue to strengthen their teams with top-tier professionals to gain expertise, agility, and a competitive edge.

FinTech 106

FinTech APACS Risk Management AI 106

Finextra

AUGUST 5, 2024

FinextraTV, Julia Thorn, Senior Marketing Manager, Financial Crime Compliance, LexisNexis® Risk Solutions and Robert Campbell, Programme Director of United for Wildlife, The Royal Foundation of The Prince and Princess of Wales, dive deep into their recently released report on how wildlife trafficking can be combatted with the power of collaboration.

Financial Crimes 105

Financial Crimes Crime Money Laundering Mitigation 105

Fintech News

AUGUST 5, 2024

Global payments platform Thredd announced the appointment of Brian Kieley as Chief Client Officer. Kieley, effective immediately, will oversee the client success function globally, managing teams in the UK, Europe, APAC, and the U.S. Kieley brings over 25 years of experience in the payments industry, having led client-facing teams and held senior executive roles at Visa, Marqeta, and Worldpay.

Cross-Border 105

Cross-Border APACS BNPL Payments 105

Fintech Finance

AUGUST 5, 2024

The expanded partnership between Adyen and BMW Group is the result of a successful global e-commerce collaboration where Adyen developed customized payment solutions to meet BMW Group’s customer engagement and shopping experience requirements. The integration of Adyen’s point-of-sale (POS) solutions into the BMW ecosystem now enables the BMW Group to provide a seamless and best-in-class payment experience also in an offline context for its customers at BMW Welt and the BMW Museum.

Point-of-Sale (POS) 98

Point-of-Sale (POS) Payments Payment Solutions Credit Cards 98

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Bank Automation

AUGUST 5, 2024

Big tech companies reported higher adoption of AI services in the second quarter, but investors want to see returns on those investments.

AI 78

AI Returns 78

Fintech Finance

AUGUST 5, 2024

Thredd , the global next-generation payments platform, today announced that Brian Kieley has joined the organisation as Chief Client Officer effective immediately. Kieley will lead the client success function globally, including teams across the UK, Europe, APAC and U.S. regions. “Brian has a long-standing reputation as a product, client relationship and operations leader within the payments industry,” said Jim McCarthy – CEO, Thredd.

Cross-Border 98

Cross-Border BNPL APACS B2B 98

Finextra

AUGUST 5, 2024

JPMorgan Chase is considering taking legal action against the Consumer Financial Protection Bureau (CFPB) over an ongoing probe into the abuse of Zelle payments by scammers.

Consumer Financial Protection Bureau (CFPB) 78

Consumer Financial Protection Bureau (CFPB) Zelle Legal CFPB 78

Fintech Finance

AUGUST 5, 2024

Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announces that it has entered into a definitive agreement to acquire Pay2All Instituição de Pagamento Ltda. (“Pay2All”), a licensed Payment Institution authorized by the Central Bank of Brazil. This strategic milestone is expected to enhance Nuvei’s capabilities in the Brazilian market and reinforces its commitment to the Latin American (LATAM) re

Payments Institute 97

Payments Institute Acquirers Central Bank Payments 97

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

Best Practices

Finextra

AUGUST 5, 2024

Qardy, the operator of a digital lending marketplace in Egypt and the Mena regions, has secured a $7-figure pre-Seed round of investment with participation from White Field Ventures and Vastly Valuable Ventures.

Security 75

Security Participant 75

NACHA

AUGUST 5, 2024

RESTON, Virginia, Aug. 5, 2024 – Nacha announced today that SouthState Bank has become its newest Direct Member. With SouthState Bank's addition, Nacha now has 46 Direct Members, which include financial institutions and Payments Associations.

NACHA 64

NACHA Payments 64

Finextra

AUGUST 5, 2024

Lloyds Banking Group has hired an executive from Amazon Web Services as its first director of artificial intelligence andd analytics.

AI 72

AI 72

The Fintech Times

AUGUST 5, 2024

The home-buying process can be challenging for many first-time buyers. This is especially the case when they’re not even aware of what can impact their mortgage application. Looking to educate consumers and take them through the process step-by-step, the Yorkshire Building Society , the UK building society and mortgage provider, is launching a new tool to help homeowners.

Process 64

Process Research Consumer Finance 64

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 5, 2024

Secure, reliable, resilient. These characteristics have long been associated with the world’s most.

Security 69

Security Payments 69

The Fintech Times

AUGUST 5, 2024

Korea-based full-stack digital insurance platform, Carrot General Insurance Corp (Carrot) has achieved a milestone as it becomes the first insurance firm to get the exclusive right to use behavioural-based insurance (BBI) in four years and four months. Issued by the General Insurance Association of Korea , Carrot will now be the only organisation to use BBI for the next six months.

Origination 59

Origination Product Innovation Continuity 59

Finextra

AUGUST 5, 2024

Neighborhood loyalty platform Bilt Rewards has lifted its valuation to $3.25 billion on the back of a $150 million funding round.

69

69

Finovate

AUGUST 5, 2024

In partnership with financial literacy platform Doshi, Yorkshire Building Society is offering online financial education to first-time prospective homebuyers. The new free tool, available on the YBS website to customers and non-customers alike, walks new homebuyers through the entire home-buying process. Doshi made its Finovate debut earlier this year at FinovateEurope in London.

Financial Literacy 59

Financial Literacy Non-Bank Credit Union Process 59

Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes

Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.

Continuity