Congress members egg on US payments system expansion
Payments Dive
JULY 8, 2024
A bipartisan group is nudging the Federal Reserve to explain why it can’t speed up a plan to extend the operational availability of the U.S. payments system.
Payments Dive
JULY 8, 2024
A bipartisan group is nudging the Federal Reserve to explain why it can’t speed up a plan to extend the operational availability of the U.S. payments system.
Finextra
JULY 8, 2024
Crypto wallet provider Tangem is partnering with Visa on the launch of a payment card that will be integrated with the Swiss firm's self-custodial hardware wallet.
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Fintech News
JULY 8, 2024
Citigroup Inc. has laid off about 500 employees as part of a global restructuring effort, as reported by The Straits Times. The bank now has about 8,000 full-time and contract employees in Singapore, down from 8,500 in October. This reduction aligns with Citigroup ‘s broader strategy to “streamline its operations” by cutting management layers and roles concentrated in the Asia Pacific region.
Bank Automation
JULY 8, 2024
ConnectOne Bank invests in technology that generates data to boost efficiencies, but the systems are only beneficial if employees use them consistently. For example, the $9.8 billion Englewood Cliffs, N.J.
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.
The Fintech Times
JULY 8, 2024
Global venture funding experienced an upward trend for the second consecutive quarter, climbing eight per cent quarter-over-quarter to $65.7billion in Q2 2024. Despite this increase, the number of deals continued to decline, marking the ninth straight quarter of decreases with only 6,230 deals. This figure represents less than half the deal volume recorded at its peak in Q1 2022.
Fintech News
JULY 8, 2024
The Monetary Authority of Singapore (MAS) and the Singapore Fintech Association (SFA) have opened nominations for the Singapore Fintech Festival (SFF) Fintech Excellence Awards 2024. Now in its ninth year and supported by PwC Singapore, the awards aim to recognise innovative fintech solutions from both corporates and individuals globally. The focus will be on those leading the way in adopting new technologies to transform industry practices, enhance financial services, create growth opportunitie
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech News
JULY 8, 2024
Zheng Yu Dong announced that he will be stepping down as CEO of MariBank , a digital bank licensed by the Monetary Authority of Singapore (MAS) and a wholly-owned subsidiary of Sea Group, after a five-year tenure. According to a LinkedIn post , Zheng will continue to serve as an advisor to both MariBank and Sea. Sea Group has secured two digital banking licenses: one in Singapore to establish MariBank and another in Malaysia for the yet-to-be-launched YTL-Sea Digital Bank Project.
Fintech Finance
JULY 8, 2024
Yuno , the leading global payments orchestration platform, today announces a strategic partnership with Openpay, BBVA Group’s digital payments company, making it easier for companies of all sizes to conduct online transactions seamlessly and benefit from the country’s e-commerce boom. The partnership will create further synergies in the local payments ecosystem to streamline digital payments and help drive e-commerce to new heights in Mexico.
Fintech News
JULY 8, 2024
M-DAQ Global, a fintech firm supported by Affinity Equity Partners and China’s Ant Group, saw its consolidated net loss for the financial year ending 31 December 2023, rise to S$26.5 million (approximately US$19.7 million), as reported by DealStreetAsia. This is more than double the S$13.1 million loss reported in the previous year, according to recent regulatory filings.
Fi911
JULY 8, 2024
The rise of online shopping has made eCommerce fraud an increasingly prevalent and sophisticated threat, necessitating advanced security measures to protect both merchants and customers. But, what exactly are those threats? What, exactly, are we talking about when we talk about “eCommerce fraud?” eCommerce fraud refers to deceptive activities that occur during online transactions.
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
Fintech News
JULY 8, 2024
South African digital bank TymeBank has appointed Karl Westvig as its new CEO, effective 1 October 2024. Coenraad Jonker, the current CEO, will focus on his role as Executive Chairman of Tyme Group, overseeing the growth of the multi-country digital banking group. Westvig, presently TymeBank’s Chief Executive for Retail and Business Banking, brings extensive leadership experience in lending and fintech.
Fintech Finance
JULY 8, 2024
Africhange, a global remittance services provider, has launched its operations in the UK, offering more efficient, cost-effective and reliable solutions for individuals to send and receive money internationally. Starting with the UK-Nigeria corridor and expanding to include Ghana and Kenya before the end of the year, Africhange’s new Authorised Payment Institution License will underpin the delivery of a range of payment solutions, including remittance services, for UK users.
Fintech News
JULY 8, 2024
OCBC has unveiled OCBC PartnerCare , a new financial and personal wellness programme tailored for over 35,000 property agents in Singapore. This initiative aims to bolster OCBC ’s network of property agents, who significantly contribute to its home loans business. Valued at up to S$5,000 annually per agent, the programme offers preferential home loan rates, discounts on Great Eastern insurance plans, bonus interest on referral fees credited to an OCBC 360 account, and access to wellness events.
Fintech Finance
JULY 8, 2024
PayerMax , a leading global payment solutions provider, is proud to announce its decision to expand into the Kingdom of Saudi Arabia (KSA) and its noteworthy commitment to the KSA by establishing its regional headquarters in Riyadh. PayerMax participated in the Regional Headquarters Program (RHQ) established by the Ministry of Investment and obtained a RHQ licence this month.
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.
Finezza
JULY 8, 2024
Open banking is a significant development that enables secure data sharing and collaboration between financial institutions, technology companies, and customers. It breaks down traditional barriers in finance by facilitating secure collaboration and data sharing between all stakeholders. As a result, this empowers customers, fuels competition, and drives innovation in financial services.
Fintech Finance
JULY 8, 2024
Tappit , the global payment, rewards and data ecosystem for travel, retail, sports, events, stadiums, and Journey Mentor , the leading travel-tech SaaS company that have created proprietary easy-to-use solutions to solve the travel industry’s challenges, announce a five-year partnership to design and deliver a data-driven loyalty and customer experience programme.
DeckCommerce
JULY 8, 2024
Omnichannel eCommerce is a transformative strategy bridging the gap between digital and physical shopping experiences. This approach integrates multiple channels —online, mobile, and in-store— to provide customers with a seamless and cohesive shopping journey, regardless of how or where they choose to shop.
Fintech Finance
JULY 8, 2024
EdfaPay , a leading innovator in fintech services, is proud to announce expansion into Morocco after receiving an official license to operate in the country. This significant achievement aligns with EdfaPay’s vision to empower the global financial landscape. With this new license, EdfaPay is set to bring its cutting-edge financial solutions, including Soft POS, Payment Gateway, to merchants and customers across Morocco, with a commitment to leveraging expertise and sustainable technology w
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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?
Bank Automation
JULY 8, 2024
Ally Financial will launch a generative AI innovation challenge for startups on July 9, focusing on developing tech solutions for its customers and staff.
Fintech Finance
JULY 8, 2024
Icon Solutions today announces it has strengthened and expanded its strategic partnership with NatWest with the appointment of Ian Povey, CIO Payments Technology, and Lee McNabb, Head of Payments Strategy and Partnerships, as Board Observers. Ian is an experienced and internationally recognised payments product and technology executive. He oversees the modernisation of NatWest’s payments technology estate, with responsibility for the run, change and continuous availability of payments as a syste
Finextra
JULY 8, 2024
The Hong Kong Monetary Authority is to become the first central banking institution outside of the EU to participate in the European Central Bank's digital euro exploratory project.
Payments Dive
JULY 8, 2024
The Consumer Financial Protection Bureau has found some patients felt pressured by healthcare providers to use medical credit cards, according to an update on the federal agency’s efforts to protect consumers.
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
Finextra
JULY 8, 2024
NatWest is to make its digital identity service for document signing available to customers in the Nordics via Adone Acrobat sign.
Payments Dive
JULY 8, 2024
The card company has warned it could face an additional financial toll related to the misclassification legal matter, in which it overcharged merchants for years.
Finextra
JULY 8, 2024
With many consumers still feeling the squeeze of the cost-of-living crisis, retailers are increasing.
The Fintech Times
JULY 8, 2024
Mexico’s e-commerce sector is thriving and looking to ensure this success continues, Yuno , the payments orchestration platform has partnered with BBVA Group ‘s digital payments company, Openpay to simplify the online transaction process. In Mexico, the current number of e-commerce users is 67.9 million, however, this figure is set to increase by 55 per cent by 2027 according to Statista.
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.
Finextra
JULY 8, 2024
Commonwealth Bank of Australia has added travel bookings and car buying services to its mobile app.
Finovate
JULY 8, 2024
Partnerships in digital banking, identity management, and payments lead off the fintech news headlines as July begins in earnest. Be sure to check back all week long for updates and fresh announcements on the latest industry happenings. Payments Yuno forges strategic partnership with BBVA Group digital payments company, Openpay. Lending Ireland’s CreditLogic raises $3.8 million (EUR 3.5 million) from Riverside Acceleration Capital (RAC).
Finextra
JULY 8, 2024
A new digital financial services provider, called Ethos, has launched in the UK to offer Shariah-compliant services to Muslims.
The Fintech Times
JULY 8, 2024
Compound , a new save now, buy later fintech, is officially set for launch in the Middle East, with an aim to help customers save for a purchase with their favourite brands and get rewarded for doing so. Compound partners with brands to provide a unique savings-led shopping experience. Customers can proactively save with their preferred brands in advance, such as saving for a forthcoming vacation with their favourite airline.
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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