Sat.Jun 15, 2024 - Fri.Jun 21, 2024

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Understanding the Cyber Risks in Video Communication

VISTA InfoSec

With the surge in remote work and virtual meetings, video communication is crucial for businesses and individuals. However, this convenience comes with significant cyber risks that can compromise sensitive information and privacy. Therefore, this article explores the common cyber threats in video communication and provides strategies to mitigate them.

Risk 277
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5 key steps to creating and executing on an embedded finance roadmap

Payments Dive

By offering financial services tools and features, SaaS platforms can become stickier and more indispensable to SMBs.

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Trending Sources

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The Future of Digital Remittance in Asia

Fintech News

In today’s interconnected world, digital remittance in Asia and the movement of money across borders have become essential aspects of global finance. Billions of dollars traverse the globe every second, with a significant portion of these transactions originating from individuals, particularly migrant workers sending funds to their loved ones in their native countries.

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Swift bids to connects VoP schemes across Europe

Finextra

Bank-to-bank payment messaging network Swift is working to facilitate interoperability of Verifcation of Payee schemes across Europe as new research shows that 83% of SMEs across France, Germany, Italy and Spain rank upfront beneficiary checks as important to them in trading across borders.

SWIFT 132
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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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Advanced Data Security: Safeguarding Your Business In The Digital Age  

VISTA InfoSec

Data is the driving force behind businesses in this digital age. From customer information and financial records to trade secrets and proprietary research, these digital assets are invaluable. As cyber threats evolve, safeguarding your organization’s data has become an utmost priority. Whether you’re a small business owner, a corporate leader, or an Information and Communication Technology (ICT) specialist, the consequences of a data breach are severe and far-reaching.

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Shift4 acquires stake in German firm

Payments Dive

Shift4 is on an acquisition spree after making a new investment in the point-of-sale supplier, and closing of a purchase announced earlier this year.

Acquirers 158

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People taking their pension as a lump sum may be missing out – here’s how to avoid

Open Banking Excellence

Almost 60 percent of pension pots are taken in one go as a cash lump sum, according to new research. In sectors where many people work part-time and therefore have lower savings, this can even be around 90 percent, according to the latest retirement data from the Financial Conduct Authority (FCA) But those taking the money all at once may be losing out on various benefits and even be pushed into higher tax brackets.

Non-Bank 130
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Data Disaster: Los Angeles Public Health Department Suffers Biggest Data Breach

VISTA InfoSec

On June 17, 2024, the Los Angeles County Department of Public Health (DPH) disclosed a data breach impacting more than 200,000 clients, employees, and other individuals. The stolen data includes personal, medical and financial information. The DPH said the incident took place between February 19-20, 2024, was caused by a gang of cyber criminals who gained access to the log-in credentials of email accounts of 53 employees through a phishing email.

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Planful Reviews

The Finance Weekly

Financial planning and analysis (FP&A) is important in automating all of the manual tasks in the finance department and giving everyone greater insights into the data. FP&A not only supports business and financial decision-making but also provides management with insights into the organization’s strategic plans and investments. Essentially, FP&A is about optimizing financial management, aiding executives in making informed decisions, and establishing a strategy based on reliable and

AI 130
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Apple shuts down Apple Pay Later

Finextra

Apple is killing off its buy now, pay later service just a year after launch as it switches its focus to working with third parties for instalment loans.

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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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5 questions with … Morgan Stanley Head of AI Jeff McMillan

Bank Automation

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.

AI 126
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Open Banking Could Become a Mainstream Payment Method in 5 Years Time Surpassing BNPL, emerchantpay Research Finds

Fintech Finance

New research released today by emerchantpay , a leading global payment service provider and acquirer, has found that there is strong market potential for merchants who prioritise the adoption of Open Banking payments early in their payment strategies. The survey of UK consumers found that one in two people are unknowingly using this payment method during checkout, with more than half (51%) of the UK population being unfamiliar with the term Open Banking.

BNPL 124
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Generative AI in Payments: 4 Use Cases to Increase Revenue and Optimise Costs

Fintech News

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.

Use Case 122
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UK Has Seen the Biggest Increase in Online Fraud in the Past 12 Months According to Ravelin Research

The Fintech Times

According to research from fraud prevention platform Ravelin , the UK economy and businesses that reside within it are at great risk, as the UK’s online fraud presence has increased the most out of 10 countries surveyed in the past 12 months. In its fourth edition of the Fraud and Payments Survey Ravelin has revealed that 84 per cent of UK merchants have confirmed an increase in online fraud.

Research 122
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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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BBVA plans to start digital bank in Germany to rival JPMorgan

Bank Automation

Banco Bilbao Vizcaya Argentaria SA is planning to open a digital consumer bank in Germany, using existing technology to expand at relatively low cost. The project is led by Javier Lipuzcoa, the head of BBVA’s digital bank in Italy, according to people familiar with the matter.

Consumer 123
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Banking with Responsible and Generative AI

Finextra

Join FinextraTV as we talk with Ermes Dajko, Senior Cloud Solutions Architect at Temenos, about the transformative impact of generative AI in banking. Discover how Gen AI is revolutionising decision-making processes with practical use cases. Ermes also delves into compliance strategies, discussing how banks can ensure responsible AI usage while navigating regulatory requirements.

AI 119
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EU to agree to Apple’s open NFC proposal “in next few weeks”

NFCW

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

CHIPS 117
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Singapore’s Path Forward for Generative AI

Fintech News

The advancement of generative artificial intelligence (gen AI) has opened up new commercial, social, and technological opportunities. However the development of generative AI in Singapore is double-edged a new whitepaper by a consortium comprising the Monetary Authority of Singapore (MAS), financial institutions, tech firms and consultancies, says.

AI 117
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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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Coffee with the Council Podcast: Meet the Council’s New Head of Engagement

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. Today we'll meet one of the Council's newest team members, our Head of Engagement, Diana Greenhaw. Diana comes to the PCI SSC after a successful 20-year career in payments that included stops at WorldPay, Visa, and Block.

Blocks 116
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Lunar and SAS partner for debit card

Finextra

Today Danish neobank Lunar debuted a debit card with Scandinavian Airlines (SAS) that allows users to gain and use EuroBonus points.

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Contactless payment transaction values to double by 2029

NFCW

Adoption of softPOS payment solutions by smaller businesses will drive a 113% increase in contactless payment transaction values by 2029, Juniper Research predicts. The growth will see global transaction values rise from US$7.4 trillion in 2024 to US$15.7 trillion in 2029. “The launch of softPOS systems, where contactless payments can be accepted using a compatible smartphone, is breaking down cost barriers to small and micro-merchants’ adoption of contactless payments, increasing ac

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Suspects Extradited from Malaysia in S$34.1 Million Malware Scam Probe

Fintech News

Two men, aged 26 and 47, will appear in court on 15 June 2024, for their alleged involvement in malware-enabled scams targeting Singaporeans since June 2023. In 2023, at least 1,899 victims in Singapore were deceived into downloading malware, resulting in losses exceeding S$34.1 million. The malware allowed scammers to remotely access victims’ devices, stealing personal and banking information to perform fraudulent transactions.

Scams 116
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The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

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

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ZORRZ Selects CLOWD9 to Drive Financial Inclusivity Through Innovative Virtual Credit Card

Fintech Finance

ZORRZ , the pioneering fintech driving financial inclusivity, has announced its strategic partnership with CLOWD9 , a B-Corp certified processing platform, to power its innovative BlueAccess Hybrid Credit Card platform. This collaboration aims to enhance ZORRZ’s mission of providing responsible access to credit for underserved communities. The ZORRZ BlueAccess Card is a first-of-its-kind collateralized virtual credit card designed to empower groups often excluded from mainstream lending, i

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NatWest to acquire Sainsbury's Bank

Finextra

NatWest is to acquire the retail banking assets and liabilities of the banking arm of UK supermarket chain Sainsbury's.

Acquirers 118
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Cogo Enables ING Customers to View CO2 Emissions of Spending in Mobile Banking App

The Fintech Times

In a move to work towards a more sustainable financial and environmental future, ING Nederland , the financial service provider headquartered in Amsterdam, is partnering with Cogo , a carbon footprint management firm. Together, the two organisations are enabling customers of the bank to see the environmental impact of their spending. Step by step, all private customers can see the CO2 emissions of their expenses in the ING Mobile Banking App, thanks to Footprint Insight functionality from Cogo.

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Indonesia’s Digital Bank Superbank Now Available on Grab

Fintech News

Indonesian digital bank Superbank has officially launched its services on the Grab superapp, enabling users and partners to open bank accounts and utilize them directly for Grab services without needing an additional app. This integration aims to simplify financial transactions for Grab’s extensive user base, as reported by DealStreetAsia. Superbank offers a 6% annual interest on savings with flexible withdrawal options, and a 75% discount on GrabFood and GrabBike services along with exclu

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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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Advancing Lending Operations: Supply Chain Financing Strategies

Finezza

Traditionally, suppliers and buyers stand on opposite sides of the negotiating table when closing a business deal. However, they may need to adopt a more collaborative approach in certain circumstances. For instance, they may come together to apply for a business loan. Known as supply chain financing, this unique product enables the supplier to produce […] The post Advancing Lending Operations: Supply Chain Financing Strategies appeared first on Finezza Blog.

Finance 107
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EBAday 2024: Collaboration is key to fraud management

Finextra

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’.

RTP 116
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How to Avoid a “Tick Box Exercise” When it Comes to DEI

The Fintech Times

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.

FinTech 105
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ZA Tech Rebrands as Peak3, Secures US$35 Million Series A Funding

Fintech News

ZA Tech, a next-gen insurance core system SaaS provider, has rebranded as Peak3 following a US$35 million Series A fundraise led by EQT. Peak3 offers a cloud-native, modular insurance core and distribution system catering to life, health, and property and casualty insurance. Since ZA Tech ‘s establishment in 2018, it has partnered with global insurers like AIA, Generali, Prudential, and Zurich, as well as digital platforms such as Carro, Grab, Klook, and PayPay to enhance their embedded in

Security 114
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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.