Bank Automation
JUNE 20, 2024
Morgan Stanley’s Jeff McMillan, head of firmwide artificial intelligence, is focused on developing and deploying AI throughout the operations of the $212 billion financial institution. The New York-based FI appointed McMillan to the newly created position March 14, he told Bank Automation News.
Fintech News
JUNE 20, 2024
Will Generative AI in payments accelerate financial institutions on their path to increased revenue and cost optimisation? The zero-humility ChatGPT says yes and offers multiple proofs from McKinsey, Forbes, EY, and other analysts. Even more reassuring, 54% of FSIs surveyed in EMEA, USA, and APAC are already embedding AI into their offerings or expanding their initiatives, and 61% plan to use Gen AI in 2024.
Finextra
JUNE 20, 2024
NatWest is to acquire the retail banking assets and liabilities of the banking arm of UK supermarket chain Sainsbury's.
NFCW
JUNE 20, 2024
The EU has agreed to accept Apple’s proposal to provide developers “with free access to its NFC technology on iOS devices and without having to use Apple Pay or Apple Wallet”, the Financial Times reports. The move follows a proposal of commitments made by Apple to the European Commission in January. This included an offer to provide a new set of APIs that approved developers would be able to use to provide a host card emulation-based alternative to Apple Pay. “The Europea
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.
Finextra
JUNE 20, 2024
In one of the closing sessions of EBAday 2024 in Lisbon, panellists Marc Corbalan, VP of RTP analytics at Visa; Erwin Kulk, head of service development and management at EBA Clearing; Simone Löfgen, global head of payment platforms and managing director at Commerzbank; and Kannan Rasappan, founder and CEO of Banfico, explored innovations in cybersecurity in a panel titled ‘New approaches to fraud management’.
The Fintech Times
JUNE 20, 2024
This June at The Fintech Times, we’re focusing on diversity, equity and inclusion (DEI). No longer just a trending topic but an essential consideration to not only your business operations but in your offering as well, this topic feels more relevant now than ever before. The fintech industry is known for its innovative, agile reputation, and yet it still faces a significant diversity problem that threatens to halt its growth and stop that innovation moving.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
PayPal
JUNE 20, 2024
Gynger, the first embedded financing platform for technology purchases, also announced the close of up to $100 million debt facility to fuel its growth as it pioneers the rapidly expanding tech purchasing landscape.
Fintech Finance
JUNE 20, 2024
Forter , the Trust Platform for digital commerce, released findings from a national consumer study that found the majority of respondents (61%) have shifted their online shopping habits as a result of higher prices, signalling a need for brands to evolve with their customers. Commissioned by Forter and conducted by Talker Research, the study revealed nearly nine in 10 respondents have seen their cost-of-living increase over the past five years.
Payments Dive
JUNE 20, 2024
The median loss paid in cash to government impersonation scammers in the first quarter was $14,740, far above the $1,000 median for all payment types.
Fintech Finance
JUNE 20, 2024
Research from Chargebacks911 , the leading chargeback technology platform, shows that people are increasingly using mobile wallets such as Apple Pay and Google Pay. The recently released Cardholder Dispute Index , supported by data from Pymnts Intelligence , explains the reason behind this: we all have mobile devices with us at all times and plastic credit and debit cards are easily left at home, lost or damaged, so it makes sense to make phones the centre of your financial life, especially when
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 Dive
JUNE 20, 2024
Senators this week introduced their version of a House bill aimed at derailing the Federal Reserve’s plan to lower the cap on fees that card issuers can charge merchants on debit card transactions.
Fintech Finance
JUNE 20, 2024
AMINA Bank , a licensed and FINMA-regulated digital assets bank, has today announced the launch of the AMINA Payment Network (APN). Designed to address the needs of the crypto banking world, APN helps to facilitate real-time payments to other APN members. This new service aims to keep users ahead and connected, ensuring seamless and timely financial transactions.
The Payments Association
JUNE 20, 2024
APP fraud is surging, with UK Finance reporting £42.6 million lost in early 2023, prompting calls for stronger consumer protections.
Fintech Finance
JUNE 20, 2024
Germans are increasingly turning to prepaid cards and adjusting their spending habits to manage the ongoing cost of living crisis and to avoid debt, according to a new survey conducted by research firm Opinium , commissioned by leading online prepaid payment firm Recharge. The survey of 2,000 German adults (18+) reveals that 26% (1 in 4) of Germans (18.4 million) use prepaid cards, a 62% increase since the cost of living crisis began. 32% of users (5.9 million) said they use prepaid cards to sta
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.
The Payments Association
JUNE 20, 2024
Unlimit’s leading suite of global alternative payment methods will allow Brazilian students to pay tuition fees using the currency and method of their choice through Convera GlobalPay for Students without incurring additional charges Read more
Fintech Finance
JUNE 20, 2024
ConnexPay, the world’s first all-in-one payments platform, today announced the addition of Kurt Adams to the company’s board of directors. A fintech industry veteran, Adams brings more than two decades of experience, most recently serving in executive roles at Optum Financial and Fleetcor ( now Corpay ). “When appointing a candidate to the ConnexPay board of directors, we look for proven industry experts who can guide ConnexPay into our next stage of growth and international expansion,” said Ben
National Processing
JUNE 20, 2024
What if we told you that you may be missing out on great uses for your (POS) point-of-sale system? These uses can drive more revenue and make your business run smoother. So it’s too bad many businesses only think of their POS as a way to take payments. Let’s clear that myth up […] The post Point-of-Sale Systems (6 keys to maximize your POS) appeared first on National Processing.
Fintech Finance
JUNE 20, 2024
Mangopay , a leading provider of modular and flexible payment infrastructure for platforms, is pleased to announce the appointment of Mark Fleming as Chief Commercial Officer. Mark will join CEO Romain Mazeries’ leadership team to spearhead Mangopay’s international expansion and growth into new client industries, furthering the company’s impact on the platform economy.
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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?
Stax
JUNE 20, 2024
The SaaS space is one of the most dynamic industries out there, which is why smart comapnies team up with strategic partners to drive growth and innovation. Enter ISVs, which play a crucial role in enhancing and extending the capabilities of SaaS solutions. An ISV partner is a software vendor that partners with an ISV and provides additional services or technology.
Fintech Finance
JUNE 20, 2024
Flutterwave , Africa’s leading payments technology company, has committed to partnering with Nigeria’s Economic and Financial Crimes Commission (EFCC) to establish and lead a state-of-the-art Cybercrime Research Center. This strategic initiative aims to intensify the fight against internet crime, enhance the security of business transactions, and provide a sustainable lifeline to youths across the country.
Bank Automation
JUNE 20, 2024
NatWest Group Plc has agreed to acquire J Sainsbury Plc’s banking business as the British lender looks to seize more market share in retail banking. Britain’s second-largest grocer agreed to pay NatWest £125 million ($159 million) as part of the transaction, the companies said in a statement on Thursday.
Fintech Finance
JUNE 20, 2024
The financial technology platform of choice for leading businesses, Adyen and SumUp , the global leader in financial technology for small merchants, have joined forces in a strategic partnership to offer a best-in-class payment experience and accelerated settlements for millions of small businesses worldwide. With this partnership, SumUp builds on its existing near-instant settlements offering for SumUp merchants and scales this benefit to millions of small and micro merchants in Europe and the
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
Payments Dive
JUNE 20, 2024
About half of payments players surveyed recently by the U.S. Faster Payments Council said they have integrated faster payment technologies.
Fintech Finance
JUNE 20, 2024
Adyen , the global financial technology platform of choice for leading businesses, today was recognized as a Leader in the IDC MarketScape: Worldwide Retail Online Payment Platform Software Providers 2024 Vendor Assessment[1] and IDC MarketScape: Worldwide Retail Omni-channel Payment Platform Software Providers 2024 Vendor Assessment[2]. Adyen was recognized for the following strengths – comprehensive solution, innovation, and focus on merchants. “The merchant processing landscape is
Finextra
JUNE 20, 2024
Scammers could crack 45% of passwords within a minute, using brute force or smart guessing attacks, warns security firm Kaspersky.
The Paypers
JUNE 20, 2024
Digital payments company WSPN has partnered with DigiFT , an on-chain exchange for real-world assets (RWA), to advance stablecoin adoption and Web3 solutions globally.
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
JUNE 20, 2024
Elmore Insurance Brokers and RegTech Green Swan Compliance have teamed up on the development of an Authorised Push Payment (APP) Fraud Reimbursement Insurance product for qualifying UK banks, Payment Service Providers, E-Money Institutions, and Authorised Payments Institutions.
The Fintech Times
JUNE 20, 2024
Allowing customers to earn rewards when they spend is a surefire way for firms to maintain a longstanding relationship with their user base. The latest firm taking advantage of this is Revolut , the global financial app, as it announces RevPoints, the pan-European debit loyalty card programme. With over 40 million customers worldwide, Revolut is now enabling its customers to turn everyday spending into rewards.
Finextra
JUNE 20, 2024
The Swiss National Bank is to expand its wholesale central bank digital currency pilot, Helvetia, for a further two years after promising results in early trials.
The Fintech Times
JUNE 20, 2024
Startups are at the core of every economy, and to ensure their survival, they often turn to partnerships and collaborations. Looking to make these more accessible and integrations more seamless, the Abu Dhabi Chamber of Commerce and Industry (ADCCI) signed a collaboration agreement with the Korea International Trade Association (KITA) in Seoul. The collaboration agreement was signed by Ahmed Khalifa Al Qubaisi , CEO of the ADCCI , and Lee In-ho , vice executive chairman of KITA’s board of direc
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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