April, 2024

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Remote Work Business Continuity: Best Practices

VISTA InfoSec

Incorporating remote work among companies has been one of the developments in recent years. In fact, a staggering 98% of employees express their desire to have this kind of dynamic in their jobs. The shift is here to stay as more and more organizations are adopting it as part of their work culture because of its many advantages. This integration is essential as employers move forward with their business continuity plans.

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Fed seeks 8,000 financial institutions for FedNow

Payments Dive

About 700 financial institutions have connected to the Fed’s instant payment network since last July, with at least 1,000 more in the pipeline, a FedNow official said this week.

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Coffee with the Council Podcast: Help Shape the Future of Payment Security as a PCI SSC Participating Organization

PCI Security Standards

Welcome to our podcast series, Coffee with the Council. I'm Alicia Malone, Senior Manager of Public Relations for the PCI Security Standards Council. At our Community Meetings in 2022, the Council announced a significant change to its Participating Organization program. Today, I am joined by the Council's Senior Vice President of Education and Engagement, Mark Meissner who has been spearheading this effort, and is going to talk about some of these changes over the past couple of years, and how t

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UK Banks Urged to Act Now Ahead of New Cross-Border Payments Legislation ISO 20022 to Prevent Exclusion from International Payment Networks

Fintech Finance

With just over 18 months to go until the ISO 20022 compliance deadline, leading Quality Engineering company, Roq , is urging UK financial institutions to take the necessary measures now to finalise their plans and focus on the execution of a programme that is, by all published metrics, some way behind the curve. Failure to meet the date has major ramifications for individual organisations and perhaps the UK’s financial services sector in part or whole.

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6 Innovative Strategies for Mastering Merchant Services Sales

Ready to boost your game and stand out in the competitive world of merchant services sales? Discover 6 innovative strategies that will help you rise above the crowd, from leveraging tech trends and perfecting referral programs to harnessing the power of testimonials and pop-up events. Learn how educating clients can turn you into a trusted advisor and uncover the secrets of building community ties that cement your reputation as a market leader.

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HSBC and PayPal tackle quantum-safe cryptography in payments

Finextra

HSBC and PayPal are among the founding member of a new working group investigating the adoption of quantum-safe cryptography in the payments industry.

PayPal 145
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UK Finance Taps R3 and Quant for Blockchain Prototype to Advance Digital Payments Infrastructure

The Fintech Times

The UK’s Regulated Liability Network has chosen R3 , a company specialising in enterprise distributed ledger technology and services, as well as Quant , a blockchain provider for finance, to develop the technology prototype for its experimental stage. This initiative, spearheaded by UK Finance and backed by EY , aims to advance regulatory solutions within the financial sector.

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Real-time consumer payments need standards to rise

Payments Dive

To make instant payments a reality for consumers, the payments industry must work together to develop a common framework for the transactions, top industry executives say.

Consumer 190
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Bitkub to Pursue IPO in 2025, Targets Expansion in Southeast Asia

Fintech News

Thailand’s crypto exchange Bitkub Capital Group plans to launch an initial public offering (IPO) by the end of 2025, aiming to expand its operations across Southeast Asia, particularly targeting emerging markets like Cambodia, Vietnam, and Laos. According to Nikkei Asia , this move is part of a strategic effort to establish a significant presence in regions currently underserved by major digital asset platforms.

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BNP Paribas, Deutsche Bank embrace cost discipline in Q1

Bank Automation

European banks BNP Paribas and Deutsche Bank plan to pull back on expenses this year as they lean into their tech investments. “We are maintaining our cost discipline,” Deutsche Bank Chief Executive Christian Sewing said during the $578 billion bank’s first-quarter earnings call April 25.

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Central banks embark on tokenisation project

Finextra

The Bank for International Settlements together with seven central banks is embarking on a major project to explore tokenisation of cross-border payments.

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The Pragmatic Path to Composability: Creating Efficient Commerce Systems

Speaker: Jason Cottrell and Brian Walker

Brands used to look for a commerce platform that could do everything. But over time, one vendor was no longer enough to meet a brand’s needs, so they added, and added, and added— and now it's essential that these vendors work well together. That’s composable, and it’s important to get it right. Customers and your board expect you to be in new channels and to adapt quickly to market change.

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How Has AI Impacted the Embedded Finance Space in Recent Years?

The Fintech Times

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. As the space rapidly develops, we look to highlight the latest developments, initiatives and challenges embedded finance has to offer and overcome across the globe. Artificial Intelligence (AI) has dominated discussion across all fintech sub-sectors for at least the last couple of years and continues to do so.

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Inside LemFi’s play to be fintech to the Global South diaspora

TechCrunch Fintech

The African tech ecosystem, buffeted by huge potential but also lots of economic, political and social instabilities, is no stranger to major drama affecting even its most promising-looking startups. But recently, LemFi, the Nigeria-based fintech that provides money transfer services to African migrants, is shaping up as an example of a bounce-back — and a […] © 2024 TechCrunch.

FinTech 125
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Gen Z clings to new payment tools

Payments Dive

Gen Zers will abandon a transaction in one out of two cases if their preferred payment method isn’t available, says an EY payments specialist, citing the firm’s survey results.

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Celebrating Innovation: Announcing the Winners of the Beelievers Awards- London Edition

Chargebee

Chargebee’s London-based user conference, beelieve, hummed with excitement as it united trailblazers and innovators from the subscription and revenue growth sector. A standout moment was the “beelievers” awards, honoring visionary leaders and organizations shaping the subscription landscape’s future. Let’s explore the winners in each category, highlighting their exceptional contributions to efficiency, transformation, retention, revenue growth, and leadership.

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Turn Payments Into Personalization: Unlock the Value of Transaction Data

Speaker: David Nisbet, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

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Citi focuses on streamlining, automation in Q1

Bank Automation

Citigroup is focused on simplifying its infrastructure and overall technology through automation and cloud migration as it upped tech spend 6% year over year to $2.2 billion in the first quarter.

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National Bank of Iraq goes live with Temenos core banking and payments

Finextra

Temenos (SIX: TEMN) today announced that National Bank of Iraq (NBI), part of the Capital Bank Group, has successfully gone live with Temenos core banking and payments.

Payments 136
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Unveiling the Future: Insights from Token2049 on Crypto, Web3 and the Evolution of Finance

The Fintech Times

The Fintech Times recently attended Token2049, the premier crypto event held annually in Dubai and Singapore where founders and executives of leading Web3 companies and projects meet, network and share their views on the industry. There were several opportunities for us to catch up with industry leaders throughout the event, to understand the overlap between the traditional financial services sector and this fast-expanding world of crypto.

Finance 129
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Stripe, doubling down on embedded finance, de-couples payments from the rest of its stack

TechCrunch Fintech

Stripe continues to hold the title of being the biggest financial technology business still in private hands, with a current valuation of about $65 billion and a whopping $1 trillion in total processed payment volume last year alone. But fintech is fragmented and a fast-moving target, and with competitors chipping away at its place, Stripe is […] © 2024 TechCrunch.

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Maximizing Success as an Independent Sales Agent: The Value of a Payment Partner

Maximize success as an independent sales agent with a supportive payment processor partner. This article reveals the challenges agents face with uncooperative processors, like slow responses and lack of support, leading to missed opportunities. Discover how a supportive partnership can transform your success, offering extensive training, marketing materials, and ongoing support.

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How Amex is entangled in the Visa-Mastercard settlement

Payments Dive

The settlement gives merchants the ability to surcharge for nearly all Visa and Mastercard credit card transactions, and puts pressure on American Express to allow the same.

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Thailand’s T2P Taps Wise Platform to Offer Global Money Transfers for DeepPocket Users

Fintech News

T2P Co., Ltd., a payment solution provider in Thailand, has announced a new partnership with Wise Platform, which provides infrastructure for banks and financial services. According to Wise , this alliance marks T2P as the first fintech in Thailand to offer international money transfers without exchange rate mark-ups or hidden fees through its e-wallet app – DeepPocket.

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JPMorgan CEO: 70% of applications to be cloud-native by yearend

Bank Automation

JPMorgan continues its cloud migration efforts as it works to move its applications and data to the cloud this year. “Getting our tech to the cloud. … It’s essential,” Chief Executive Jamie Dimon said today in his 2023 letter to shareholders. The $3.

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Q1 sees almost 500 fintech deals

Finextra

There were nearly 500 fintech financing and M&A deals in the first quarter of 2024, with insurtech, crypto and blockchain proving hot areas, according to data from Royal Park Partners (RPP).

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How Retailers Are Transforming Customer Experiences with Data & AI

Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and Guest Speaker Sucharita Kodali

Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.

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The New PSTI Act is a Good Start, But do Smart Devices Still Need Better Protections?

The Fintech Times

Internet of Things (IoT) devices continue to increase in popularity across the globe. However, many have proven fallible to cybercriminals who are increasingly finding new ways to breach their security. In fact, in the UK, IoT malware attack volume increased by 163 per cent in 2022, compared to the previous year, cybersecurity firm Sonicwall revealed in its 2023 ‘Cyber Threat Report’ In response, in December 2022, the Product Security and Telecommunications Infrastructure Act (PSTI A

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TransferGo raises $10M to expand its remittance business in Asia, doubling valuation

TechCrunch Fintech

TransferGo, the UK-based fintech best known as a consumer platform for global remittances, has raised a $10 million growth funding round from Taiwan-based investor Taiwania Capital, with a view to expanding in the Asia-Pacific region. It last raised a $50M Series C funding round in 2021. TransferGo claims the new investment doubles its valuation to […] © 2024 TechCrunch.

FinTech 123
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Fed courts nonbanks for FedNow growth

Payments Dive

The Federal Reserve is stressing the importance of fintechs and core providers for the future expansion of its new instant payments system FedNow.

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Shepherd: How Stripe adapted Chronon to scale ML feature development

Stripe

This blog discusses the technical details of how we built Shepherd and how we are expanding the capabilities of Chronon to meet Stripe’s scale.

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How Investors & Strategic Buyers Evaluate Integrated Payment Strategies

Explore how integrated payment strategies impact investor and buyer evaluations. Payments are more than a feature — they’re a key to long-term success and market differentiation. They help SaaS companies offer seamless user experiences and efficient operations. Investors and strategic buyers assess these integrated payment strategies as a measure of a company's growth potential and sustainability.

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Why JPMorgan’s chief data and analytics officer sits on operating committee

Bank Automation

JPMorgan Chase’s chief data and analytics officer sits within its operating committee to keep up with ongoing AI investment and implementation bankwide. Appointed in June 2023, Chief Data and Analytics Officer Teresa Heitsenrether serves on the $3.

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Apple offer to open up NFC payments access set for EU approval - Reuters

Finextra

EC antitrust regulators are set to approve an offer from Apple to open up the NFC chip technology that enables iPhone users to make contactless payments to third-party providers, according to Reuters.

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What Should We Expect to See From Embedded Finance in 2024?

The Fintech Times

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. As the space rapidly develops, we look to highlight the latest developments, initiatives and challenges embedded finance has to offer and overcome across the globe. As time passes, consumers are seeing the number of embedded finance offerings increase across the wide range of products and services they use.

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Klarna Expands Global Partnership with Expedia Group, Offering Flexible Payments to US Consumers

Fintech Finance

Klarna, the AI powered global payments network and shopping assistant, today announced the expansion of its partnership with Expedia Group to the US market. Klarna is now bringing its flexible payments offering to millions of travelers, enabling them to book flights and stays using its popular interest-free Pay Now or Pay in 4 options across Expedia.com/Klarna and Hotels.com/Klarna.

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Mapping Digital Transformation: Retail’s Strategic Shift

Speaker: Jennifer Wright, Michael Scholz, Jasmin Guthmann, and Scott Canney

Digital transformation in retail is so much more than new technology. You need to get your whole organization, from entry-level workers to executives, on board with the new tech, new skills, and culture changes that digital transformation brings. Leading this mindset shift can be a daunting task… but that’s where this webinar comes in! Join our panel of experts as they guide you through the challenges of digital transformation, preparing you to avoid common mistakes and make the most of incredib