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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.
The Bank for International Settlements together with seven central banks is embarking on a major project to explore tokenisation of cross-border payments.
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.
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.
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.
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.
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.
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.
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
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.
Adopting ISO 20022 payment standards can help U.S. banks and credit unions unlock richer data and stay competitive in the global financial marketplace.
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?
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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