Sat.Apr 20, 2024 - Fri.Apr 26, 2024

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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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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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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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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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Breaking The Commerce Bottleneck: Your SAP Exit Plan Starts Now

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.

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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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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.

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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.

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Walmart removes self-checkout from select stores

Payments Dive

The retailer joins Target, Dollar General and other chains in recalibrating a reliance on self-service, and rethinking the whole checkout experience.

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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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5 Habits of Highly Effective CFOs

The Finance Weekly

What could go wrong if your Chief Financial Officer (CFO) is not effective in their job? They could steer your company towards poor financial decisions, like risky investments, inaccurate budgeting, or insufficient cost control. Their absence of a clear financial strategy might also jeopardize the business, hindering the attainment of long-term growth and profitability objectives.

Finance 130
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From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

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KASIKORNBANK, J.P. Morgan Set to Reduce Cross-Border Payment Times to Minutes

Fintech News

Thailand’s KASIKORNBANK , in partnership with J.P. Morgan, has introduced Project Carina, a new initiative aimed at accelerating cross-border payments through blockchain technology, according to RYT9. Announced at Money20/20 Asia in Bangkok, the project integrates KASIKORNBANK’s Quarix blockchain with J.P. Morgan’s Onyx platform to significantly enhance the efficiency of international transactions.

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Why financial institutions should embrace ISO 20022

Payments Dive

Adopting ISO 20022 payment standards can help U.S. banks and credit unions unlock richer data and stay competitive in the global financial marketplace.

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Visa launches open banking with Tink in the US

Finextra

Visa has launched open banking in the US, using technology from recently acquired Swedish vendor Tink.

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SoftBank-backed TabaPay is buying the assets of a16z-backed Synapse, after it filed for bankruptcy

TechCrunch Fintech

After a tumultuous year, banking-as-a-service (BaaS) startup Synapse has filed for Chapter 11 bankruptcy and its assets will be acquired by TabaPay, according to the two companies. The deal is pending bankruptcy court approval. Founded in 2017, Mountain View-based TabaPay is an instant money movement platform that Softbank backed in a 2022 round of an […] © 2024 TechCrunch.

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15 Modern Use Cases for Enterprise Business Intelligence

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?

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Maybank Singapore Offers Goal-Based Investment From S$200

Fintech News

Maybank Singapore has introduced a new online investment service called Goal-Based Investment (GBI), designed to make investing more accessible. This service allows customers to start investing from S$200, making it an accessible unit trust investment option. The GBI platform enables users to set financial targets, evaluate their risk tolerance, and tailor investment strategies through Maybank’s website and app.

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Visa debit card volume growth keeps sliding

Payments Dive

The card network behemoth’s latest earnings report showed a contraction in card volume growth during the first three months of the year, and into April.

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Stripe lets merchants accept stablecoins

Finextra

After a six year hiatus, Stripe is returning to crypto, allowing merchants to accept stablecoins for online payments.

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Resource Guide: Earn Continuing Professional Education Credits Through the Council

PCI Security Standards

The PCI Security Standards Council (PCI SSC) has published a resource guide with information on how to earn Continuing Professional Education (CPE) credits through the Council.

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Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio

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.

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Thunes Acquires Tilia to Offer Wider Payment Solutions in the U.S.

Fintech News

Global payments company Thunes has entered into a definitive agreement to acquire Tilia LLC , a U.S.-based payment platform specialised in online games and virtual transactions. The financial terms of the deal were not disclosed, but the acquisition is pending regulatory approval. The acquisition aims to bolster Thunes’ growth and presence in the rapidly growing online gaming market across the United States.

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Walmart offers a new BNPL option: report

Payments Dive

The fintech One now offers buy now, pay later financing at the store chain, presenting competition for Affirm, which has partnered with the retail giant since 2019.

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Splitit enables banks to offer in-checkout instalment payments

Finextra

Card-linked instalment payments platform Splitit has launched FI-PayLater for banks and card issuers.

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Notable Capital’s Hans Tung on the state of VC and the upside to down rounds

TechCrunch Fintech

To some investors, “down round” is a dirty phrase, but not to Notable Capital’s Hans Tung. Hans is a managing partner at Notable Capital, formerly GGV Capital, a venture firm focusing on investments in the U.S., Latin America, Israel, and Europe. Hans, whose portfolio includes the likes of Airbnb, StockX and Slack, sat down with […] © 2024 TechCrunch.

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From Rigid To Resilient: Why Enterprises Need Modular Commerce Now

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.

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Australia and Thailand Forge Fintech Partnership at Money20/20 Asia

Fintech News

Fintech Australia and the Thai Fintech Association have formalised their partnership through a memorandum of understanding (MOU) to boost the fintech capabilities of both nations. The MOU signing ceremony took place in at the Money20/20 Asia event in Bangkok and saw key figures like Chonladet Khemarattana, President of the Thai Fintech Association, and Brian Collins, Deputy Chair of Fintech Australia, come together to ink the deal.

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Middle East Experiences Crypto Surge With 166% increase in Daily Crypto Traders, Reveals Bitget

The Fintech Times

Countries in the Middle East saw a 166 per cent increase in daily crypto traders in February earlier this year; Bitget Research , the research arm of the world’s crypto exchange and Web3 company Bitget, reveals in its latest report. In February 2023, six countries in the Middle East saw 300,000 daily active users on centralised crypto exchanges.

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Sustainable development goals take G20 TechSprint centre stage

Finextra

The Bank for International Settlements (BIS) and the Banco Central do Brasil have put sustainable finance at the centre of the latest G20 TechSprint hackathon competition.

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Fintech startup Ramp sees 32% bump in valuation, Mercury expands into consumer banking

TechCrunch Fintech

Welcome to TechCrunch Fintech! This week, we’re looking at Ramp’s big raise and valuation jump, Mercury’s move into personal banking, Klarna’s new credit card, global funding rounds and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:00 a.m. PT, subscribe here.

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7 Essential Criteria for Choosing the Right Payments Partner

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.

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SoftServe to Showcase Generative AI Innovations at Money20/20 Asia

Fintech News

SoftServe, a global IT consulting and digital services firm, is set to present its latest generative AI (Gen AI) technologies at the upcoming Money20/20 Asia conference. The event, scheduled for 23-25 April in Bangkok, Thailand, will highlight innovative applications of Gen AI designed to improve efficiency and customer service in the banking, financial services, and insurance (BFSI) sectors.

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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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The Bank of London turns on GenAI coding assistant

Finextra

The Bank of London is using a Generative AI assistant to speed up coding for companies testing embedded banking applications via the transaction bank's API suite.

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Fintech gaming startup Sanlo’s webshop tool could help developers avoid costly app store fees

TechCrunch Fintech

Sanlo, a fintech startup that helps gaming companies manage finances, announced Wednesday the closed beta launch of its webshop tool, giving select game developers and studios a plug-and-play solution that works alongside their existing tech stacks. Gaming companies can join the waitlist starting today. With Google and Apple charging a 30% fee for in-app purchases, […] © 2024 TechCrunch.

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Enhance Customer Value: Unleash Your Data’s Potential

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.