Fintech News
OCTOBER 21, 2024
In Southeast Asia, e-wallets are rapidly emerging as the most used payment method, a trend that’s particularly pronounced in countries like Indonesia and the Philippines where a large proportion of the population still lack access to traditional banking services and where governments are pushing for greater usage of cashless transactions, a new study by Visa shows.
Payments Dive
OCTOBER 21, 2024
The payments processor can undercut rivals on price because it won’t be paying bank fees, say industry consultants.
Finextra
OCTOBER 24, 2024
At Sibos 2024, Angie Walker, Global Head of Banking and Capital Markets, Chainlink Labs, explored the topics of blockchain and tokenisation and how they are transforming the existing world as well as how the technology creates opportunities for the future. While historically, across money market and fixed income funds, high quality liquid assets have not been able to be moved, with tokenisation, these funds can be migrated seamlessly and instantaneously on the ledger.
VISTA InfoSec
OCTOBER 21, 2024
Cybersecurity matters a lot today, and it touches everyone around the globe. With hackers becoming smarter, protecting information has never been more critical. Now, imagine trying to stay safe online but not understanding the warnings because they’re not in your language. That’s where multilingual cybersecurity comes into play – it breaks down language barriers so everyone can understand how to protect themselves.
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
OCTOBER 21, 2024
Singapore-based regtech firm Tookitaki has secured funding from True Global Ventures (TGV) Opportunity Fund. The sum was not disclosed. This funding will support Tookitaki’s expansion across key Asian markets and bolster its financial crime prevention technology. Tookitaki’s platform, FinCense, uses AI to help institutions detect and address financial crime more effectively.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Finextra
OCTOBER 22, 2024
Europe's Target Settlement system is to join Project Nexus, a Bank for International Settlements initiative to connect domestic real-time networks across borders.
VISTA InfoSec
OCTOBER 21, 2024
As fraudsters are continuously finding new ways to strike, we’re continuously finding new ways to prevent them with controls such as encryption, multi-factor authentication, fraud detection software, etc. But not everyone is aware that it all begins with how electronic devices are designed. With the way Printed Circuit Boards (PCBs) are laid out and built, to be precise.
Faster Payments Council
OCTOBER 21, 2024
Join us for an upcoming webinar, sponsored by Endava, on Tuesday, December 10 from 1:00pm-2:00pmCT. In this webinar, industry leaders will explore operational considerations for implementing instant payment systems, featuring insights from financial institutions that have successfully implemented the receipt of instant payments. Attendees will hear firsthand accounts of the journey these institutions took, including key lessons learned and the impact on their operations.
Fintech News
OCTOBER 23, 2024
Emirates NBD has entered a strategic agreement with Singapore-based blockchain platform Partior to improve its cross-border payment capabilities. The partnership will allow Emirates NBD to offer clients faster, around-the-clock payment processing through Partior’s blockchain-based platform for clearing and settlement. As part of the deal, Emirates NBD will reportedly become the first bank in the region to facilitate settlement in UAE Dirhams, Saudi Riyals, and Indian Rupees on the platform.
Advertisement
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?
Finextra
OCTOBER 23, 2024
Norway's progress to become one of the world's first cashless economy has hit a roadblock under new rules passed by Parliament that oblige shops to accept cash payments alongside other mobile payment and card options.
VISTA InfoSec
OCTOBER 21, 2024
While you don’t always need a cryptocurrency wallet to trade blockchain assets, using a good wallet to facilitate exchanges is a matter of common sense. Wallets don’t just provide a convenient way to manage your crypto funds, but they also help keep your tokens safe from the malicious parties that are all too commonplace in the world of blockchain currencies.
Bank Automation
OCTOBER 25, 2024
Capital One invested heavily in integrating Discover Financial Services in the third quarter as it prepares to acquire the company, providing the transaction is approved by the Federal Reserve. The deal is expected to be finalized in early 2025 if it lands regulatory and shareholder approval, Richard Fairbank, chairman and chief executive at Capital One, […] The post Capital One spends $63M on integration of Discover appeared first on Bank Automation News.
Fintech News
OCTOBER 20, 2024
Nium, a global payments infrastructure provider, announced that financial institutions can now connect to its real-time payments network using their existing Swift infrastructure. This eliminates the need for complex and costly API integrations, making cross-border payments faster and more affordable. By utilising Swift MT and ISO 20022 messaging formats, Nium enables seamless connectivity for banks, facilitating quicker settlements and enhanced transparency.
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
Finextra
OCTOBER 21, 2024
Innovations in AI and embedded finance have kickstarted a recovery in fintech funding, according to Q3 figures compiled by Dealroom.
VISTA InfoSec
OCTOBER 21, 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.
Bank Automation
OCTOBER 24, 2024
Generative AI allows banks to analyze unstructured data, which makes up about 80% of all data within financial institutions — a capability not possible just two years ago. Unstructured data includes emails, audio, video, contractual information and more, Prag Sharma, global head of artificial intelligence for Citi’s center of excellence, said during FinTech Futures Oct. […] The post Gen AI boosts analysis of unstructured data appeared first on Bank Automation News.
Fintech News
OCTOBER 23, 2024
The BIS Innovation Hub (BISIH) Singapore Centre has announced the next phase of Project Nexus , aimed at making instant cross-border payments a reality. Central banks and instant payment system (IPS) operators from India, Malaysia, the Philippines, Singapore, and Thailand will collaborate with BISIH to move towards live implementation. Indonesia will continue its participation as a special observer.
Advertisement
Build a sustainable merchant services portfolio with practical strategies to ensure long-term success. Diversify across industries to spread risk and stabilize income, balancing high-risk and low-risk clients for a robust mix. Combine large and small merchants to create a resilient payment portfolio, leveraging each type's strengths. Foster long-term relationships through exceptional service and personalized support.
Finextra
OCTOBER 24, 2024
The European Central bank is implementing a cross-currency settlement service on the Eurosystem's Target Instant Payment Settlement (Tips) service.
VISTA InfoSec
OCTOBER 21, 2024
The risk of cyber attacks for companies is increasing and can significantly disrupt their operations, have negative financial consequences and damage their reputation. Small and medium enterprises (SMEs) are especially vulnerable to these attacks due to limited resources and a lack of cyber security expertise. Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity.
Bank Automation
OCTOBER 24, 2024
IBM’s generative AI business climbed more than $1 billion in the third quarter, reaching $3 billion as clients invest in the tech. “Clients are reprioritizing their IT budgets to prepare for generative AI,” IBM Chief Financial Officer James Kavanaugh said during the company’s Q3 earnings call on Oct. 23. NatWest, for one, announced an […] The post IBM gen AI business reaches $3B in Q3 appeared first on Bank Automation News.
Fintech News
OCTOBER 23, 2024
Australia has unveiled a three-year initiative to explore the potential of central bank digital currencies (CBDCs) with a focus on wholesale CBDC opportunities, industry outreach and regulatory improvements, Brad Jones, Assistant Governor (Financial System) at the Reserve Bank of Australia (RBA), told the audience at an industry event in September. Australia’s digital money work plan will kickstart with the public launch of Project Acacia, an initiative focusing on assessing the feasibility of n
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
OCTOBER 22, 2024
On the second day of Sibos, Benedicte Nolens, centre head of the BIS Innovation Hub moderated the session ‘Reality check: How far have CBDCs come?’, and the speakers outlined how central bank digital currencies (CBDCs) are in various processes of development in their countries.
VISTA InfoSec
OCTOBER 21, 2024
As businesses continue to evolve in their customer service strategies, Contact Center as a Service (CCaaS) solutions have emerged as an effective tool for enhancing customer experience. These cloud-based platforms offer flexibility, scalability, and access to advanced technologies, making them a popular choice for organizations of all sizes. However, transitioning to CCaaS requires careful planning to ensure a smooth implementation process.
Bank Automation
OCTOBER 22, 2024
Ashleigh Ashbrook, vice president of digital service experience at Michigan State University Federal Credit Union, will join the Bank Automation Summit U.S. 2025 speaker faculty. The summit, which takes place March 3-4 at the Hilton Nashville Downtown in Nashville, Tenn., will provide two days of insight from industry experts on ways financial institutions are benefiting […] The post MSUFCU’s Ashbrook to join speaker faculty at Bank Automation Summit U.S. 2025 appeared first on Bank Autom
Fintech News
OCTOBER 22, 2024
In Asia-Pacific (APAC), fraud is becoming an increasingly serious challenge for financial institutions, an issue that has been exacerbated by the rapid adoption of digital transactions and online banking. To address these risks, financial institutions in the region are adopting new security measures and embracing cutting-edge technologies, a new research by NICE Actimize found.
Advertisement
The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.
Finextra
OCTOBER 22, 2024
Consumers in the US will be given the right to instruct their banks to transfer their financial data to other institutions, under new open banking rules devised by the Consumer Financial Protection Bureau.
VISTA InfoSec
OCTOBER 21, 2024
The world can be just as much of a marvelous place, as it can be a dangerous one. And the same can be said about the online one, where you need to focus on your safety just as much but in a different way. For those wondering how to approach this, make sure to keep reading as we’ll be covering everything you need to know about cybersecurity. The Importance of Staying Informed As we become increasingly reliant on technology, more of us are spending extended periods of time online and attached to o
Fintech Finance
OCTOBER 24, 2024
Dwolla , a leading U.S.-based account-to-account (A2A) payment solution provider, today announced an expanded partnership with Plaid , a data network powering the digital financial ecosystem. Set to go live in early 2025, this premiere payments solution will integrate Plaid’s instant account verification (IAV) and network-powered risk assessment capabilities into Dwolla’s pay by bank platform.
Expert insights. Personalized for you.
142 
Let's personalize your content