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Today, alternative banking partner IFX Payments announces they have reached an agreement in principle to acquire Argentex Group PLC, a publicly listed FX options and electronic money institution, bringing together two established players in the UK Payments and FX space. This strategic acquisition is part of the business’s wider mission to become the number one service-led alternative banking partner in EMEA for corporates and Financial Institutions, creating value beyond the transaction.
Identity fraud is evolving into a global issue, growing both in frequency and complexity. Data from identity verification specialist Sumsub reveal that identity fraud incidents have more than doubled in the past three years, with account takeovers and deepfakes emerging as major concerns. Financial services have become a prime target. Between 2021 and 2024, identity fraud rates increased from 1.1% to 2.6% of all verifications analyzed worldwide by Sumsub, marking a staggering 136.4% increase.
RiseUp , the AI-driven financial insights tool, has partnered with European open banking infrastructure provider Yapily to help RiseUp customers turn insights into action by enabling fast and seamless payments between accounts. Founded in 2017, RiseUp harnesses the power of open banking and AI to help financial institutions instantly deploy deposit and lending conversion strategies.
Now in its sixth year, Hub71 , the Abu Dhabi global tech ecosystem, has revealed in its latest report, that as of 2024, startups within its ecosystem recorded $2.17billion (AED8.02billion) in funding; a 44.7 per cent year-on-year increase from $1.5billion (AED5.4billion) in 2023. The stats come from Hub71 ‘s 2024 impact report , Impactful Momentum , which analyses a variety of different topics, ranging from the biggest funding drivers in the region, Hub71’s impact, the biggest collab
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.
The digital payments pioneer delivered sizable pay packages last year after it hired new executives, including one landing $29.4 million in annual compensation.
Akurateco , a leading global white-label payment software vendor, has partnered with Paydefi , a decentralized payment infrastructure provider, to streamline crypto payment acceptance across industries. This integration allows businesses to accept cryptocurrencies effortlessly without modifying their existing systems, bridging traditional finance with Web3 innovation.
Amplify Credit Union has partnered with Illuma to implement IllumaShield voice authentication, enhancing security and streamlining member verification. IllumaShields passive audioprint technology verifies callers without security questions or special passphrases, leading to faster call center interactions and higher enrollment rates. By automating identity verification, Amplify Credit Union expects to reduce call handle times, cut operational costs, and deliver a more seamless, trusted member ex
Amplify Credit Union has partnered with Illuma to implement IllumaShield voice authentication, enhancing security and streamlining member verification. IllumaShields passive audioprint technology verifies callers without security questions or special passphrases, leading to faster call center interactions and higher enrollment rates. By automating identity verification, Amplify Credit Union expects to reduce call handle times, cut operational costs, and deliver a more seamless, trusted member ex
Benjamin Maxim this month was named as Michigan State University Federal Credit Unions first chief technology officer (CTO), where he will lead the East Lansing, Mich.-based credit unions technology, product, innovation and engineering strategy. Maxim began his career at the $8.3 billion MSUFCU in 2007 as a senior web developer and has held other leadership […] The post Movers and shakers: Maxim named first chief tech officer at MSUFCU appeared first on Bank Automation News.
PayPoint has announced new partnerships with major brands, Uber and Deliveroo, to expand its digital voucher service for retail partners. The partnerships will see retailers across the PayPoint network now offering customers the option to purchase new digital vouchers. It comes as PayPoint has seen a rise in popularity of digital vouchers, with more consumers looking for local and convenient stores as a one-stop-shop for errands, parcel services and gifting options.
The Federal Reserves instant payments network, FedNow, is gaining ground on The Clearing Houses Real Time Payments network and has added more FIs to its network than RTP since its launch in 2017. FedNows exponential growth was expected, Sean Viergutz, partner in the financial services division at consultancy PwC, told Bank Automation News. I think […] The post FedNow payment value grows 140% QoQ to $43B appeared first on Bank Automation News.
Modern Treasury , the payment operations platform for the Instant Economy, has announced its partnership with Blankfactor. The U.S.-based IT services consulting firm and subsidiary of Globant specializes in Payments, Banking, and Capital Markets. This partnership builds upon an existing collaboration and will strengthen Modern Treasury’s professional services offering, particularly for enterprise customers requiring specialized technical resources.
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
Chargebacks are often associated with fraud, and while there certainly is a reason for this, there is a good side to them, as they can massively increase customer loyalty and confidence to shop in an ever-digitising world. Nonetheless, firms must understand how to navigate them properly or risk facing growing fraud figures, and a new report from payments giant, Mastercard , in partnership with Datos Insights delves further into this topic.
Over 100 million users are experiencing simpler payments in China as Alipay , the digital payment platform, reflects on the success of Alipay Tap!, a QR code-based contactless payment and customer engagement solution, almost a year after its launch. Currently, many merchants in China use a scan-and-pay model, however, with Alipay Tap!, users tap their unlocked phone against a merchants terminal or an Alipay Tap!
Akurateco, a leading global white-label payment software vendor, has partnered with Paydefi, a decentralized payment infrastructure provider, to streamline crypto payment acceptance across industries.
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.
Despite inflation easing in recent weeks, demand for affordable short-term credit options remain high, and 15 per cent of the UK population will likely need to borrow to get by over the next six months, according to new research by responsible lender Creditspring. With around 7.6 million UK adults needing to borrow money in the next six months, Creditspring has revealed that, since its launch in September 2018, it has provided over 500million in affordable short-term loans to borrowers.
As business email compromise (BEC) cases rise, courts are split on who bears the loss. Learn how the imposter rule and alternative legal frameworks shape liability in BEC disputes.
To support the development of inclusive finance and innovative digital financial solutions in Ethiopia, Ethio telecom , the Ethiopian telecommunications corporation, has partnered with global payments giant, Visa. The partnership aligns with Ethiopia s national digital transformation agenda and reflects the shared ambition of Ethio telecom and Visa to shape the country’s digital economy through developed financial services.
The need for fast, reliable access to emergency funds is growing. Rising living costs, income volatility, and the lingering financial aftershocks of global crises have left millions of people with limited savings and few places to turn to in a pinch.
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?
Looking to diversify its distribution channels through its growing B2B business and provide AI-driven origination capabilities to a broader set of customers, Better.com , the AI-powered digital homeownership company, has partnered with Biz2Credit , the small business financing platform. Through this new collaboration, Better.com will provider Biz2Credit with its Home Equity Line of Credit (HELOC) and Home Equity Loan (HELOAN) products which will give Biz2Credit’s customers to receive $50,0
A new partnership has been announced between Bourgeois Bohme (BOBO), a financial platform for the new generation of high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs), and Google Pay and Garmin Pay , as the financial platform looks to make payments faster and more secure. With Google Pay, BOBO users can now add their cards to Google Wallet and tap to pay at millions of locations worldwide.
BOBO , a financial platform catering to High-Net-Worth Individuals and Ultra-High-Net-Worth Individuals, has announced the integration of Google Pay and Garmin Pay into its payment ecosystem.
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
Binance has plans to implement new compliance measures for South African users, requiring sender and receiver info for all crypto deposits and withdrawals.
Today, alternative banking partner IFX Payments announces they have reached an agreement in principle to acquire Argentex Group PLC, a publicly listed FX options and electronic money institution, bringing together two established players in the UK Payments and FX space.
With the Nomentia Treasury Management Release 2025.03 , were introducing new features that make asset valuation more flexible, improve payment information visibility, and simplify daily cash management workflows. These updates ensure treasury teams can work more efficiently with better access to critical financial data.
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.
Episode Six (E6), a leading global provider of enterprise-grade ledger and cards infrastructure, has been selected by Aspire to power its multi-currency corporate card offering for SMBs in Hong Kong and Singapore.
The Federal Reserve Board on Thursday announced the withdrawal of guidance for banks related to their crypto-asset and dollar token activities and related changes to its expectations for these activities.
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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