Sat.Sep 21, 2024 - Fri.Sep 27, 2024

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Mexico in Focus: Open Banking and Financial Inclusion

Open Banking Excellence

Mexico in Focus: Open Banking and Financial Inclusion A briefing for banks and fintechs, with key insights and details of the opportunities available in LatAm’s third-largest nation. Open Banking represents an important possibility for both financial institutions and the Mexican population. Today, a significant portion of the Mexican population has limited or no access to traditional banking services.

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Moneygram faces backlog after outage

Payments Dive

The international wire transfer company has restarted some services after a cyberattack, but is battling to fulfill transactions after taking its systems offline for much of the week.

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Digital Fraud Attacks Rise 17% in Financial Services, Driven by Payment and Account Creation Fraud

Fintech News

Financial institutions around the world are facing a surge in fraud and cyberattacks. A new report by LexisNexis Risk Solutions explores the state of digital fraud, revealing a 17% increase in digital fraud attacks within the financial services sector in 2023. According to the report, human-initiated attacks in financial services rose to 1.2% last year, up 8% year-over-year (YoY).

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First Pacific Bank Expands Its Instant Payments Offerings With Finastra, Driving Growth

Fintech Finance

Finastra has announced that First Pacific Bank , a Southern California-based community bank that offers custom financial solutions for individuals and businesses, has selected Finastra Payments To Go to modernize its payments infrastructure. The cloud-based, SaaS payments hub solution will help the bank to deliver FedNow send and receive services 24/7, support ISO 20022 compliance, and enable its projected growth.

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eCommerce in 2025: How Customer Experience Drives Online Retail Success

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

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Bank of England to form AI consortium

Finextra

The Bank of England (BoE) is calling on financial services firms to join its artificial intelligence (AI) consortium designed to oversee the use of the technology within the sector.

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Visa faces possible DOJ lawsuit, news reports say

Payments Dive

The card network may soon be sued by the Department of Justice over its debit card practices, according to multiple news reports citing anonymous sources.

More Trending

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Bharat Web3 Association Backs Blockchain Potential in Australia and India With New Partnerships

The Fintech Times

India-based Web3 association, Bharat Web3 Association , is expanding into Australia, after signing agreements with the Digital Economy Council of Australia (DECA), the voice for businesses and innovators utilising blockchain and distributed ledger technology (DLT), and Asosiasi Blockchain Indonesia , a non-profit organisation looking to mobilise blockchain technology in the region.

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R3 and Ownera to offer digital and financial market interoperability for Corda

Finextra

R3, the financial markets digital solutions firm and Ownera, a leading provider of tokenization interoperability routers based on the open FinP2P protocol, have partnered to enable interoperability across the largest number of live production-grade use cases and networks for digital assets and digital currencies.

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Stripe shows signs of IPO, despite CEO comments

Payments Dive

The company, which offers payments processing software, has kept its plans close to the vest, but industry insiders say they’ve seen clues.

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Commonwealth Bank of Australia Divests 5% Stake in Vietnam’s VIB

Fintech News

Commonwealth Bank of Australia ( CBA ) has announced the sale of approximately 5% of its shares in Vietnam International Commercial Joint Stock Bank (VIB). The transaction, executed on 24 September 2024, is expected to generate gross proceeds of approximately A$160 million (US$ 109.5 million) for CBA. CBA has been a shareholder in VIB since 2010, contributing to its development as a joint-stock commercial bank in Vietnam.

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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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PayPal to Facilitate Cross-Border Trade in China

Finovate

PayPal is launching its PayPal Complete Payments platform in China, offering seamless cross-border payment solutions. The platform, which initially launched in the U.K., Canada, and Europe, helps merchants settle funds quickly and manage international payments. PayPal estimates the new tool will help Chinese merchants to reach over 400 million PayPal users globally.

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Mastercard Teams up With Safaricom to Unlock ‘New Opportunities’ for M-PESA Merchants in Kenya

The Fintech Times

Payments giant Mastercard has partnered with Kenyan mobile network operator Safaricom , to accelerate the adoption of payment acceptance and cross-border remittance services across Kenya. Through the Mastercard and Safaricom partnership, the two entities hope to benefit the 636,000 merchants in Kenya using M-PESA, Safaricom’s mobile money service and the preferred way to make a payment across Africa.

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Amazon, Google stake out bigger foothold in payments

Payments Dive

The tech giants are inserting themselves into more retail transactions to build loyalty and harvest customer data.

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GoPay Introduces AI Voice Assistant ‘Dira’ Powered by Google Cloud

Fintech News

Indonesia’s GoTo Group has unveiled Dira, an AI-powered voice assistant integrated into the GoPay app. Dira understands and responds to commands in Bahasa Indonesia, leveraging Google Cloud’s generative AI technologies, including Vertex AI, speech-to-text AI, and the Gemini 1.5 Flash large language model. GoPay is GoTo’s digital wallet and payment platform widely used across Indonesia.

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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.

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Firms struggling to find RoI for AI projects

Finextra

More than half of the companies investing in artificial intelligence (AI) projects have been unable to extract any tangible benefit, according to recently published research.

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Myanmar’s Digital Transformation: Fintech, Wave Money, and Financial Inclusion

The Fintech Times

Despite its political unrest and economic challenges, Myanmar has shown significant progress in the fintech sector, bringing financial services to underserved populations. But how has this development unfolded and what is the current state of fintech in the country? Myanmar, formerly known as Burma, has faced significant difficulties in recent years.

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Fiserv, Wells Fargo to end joint venture

Payments Dive

The venture between the payments processor and the bank will expire in April, prompting a cash payment from one to the other.

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audax and Synpulse Partner to Modernise Banking Infrastructure

Fintech News

audax, a digital banking technology solutions provider backed by Standard Chartered, and global consultancy Synpulse have partnered to modernise banking infrastructure for financial institutions. The collaboration focuses on integrating advanced digital banking technology with Synpulse’s expertise to enable banks to upgrade existing systems and transition to cloud-based platforms without disrupting operations.

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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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Unicorn or Cash Cow? The Finovate Podcast Offers Tips for Fintech Founders and More!

Finovate

Summer’s officially over. But you’ve still got plenty of time to catch up on episodes of the Finovate Podcast that you might have missed while on vacation or just taking a break from the fintech buzz. John Driscoll of Naked Development sat down with Greg Palmer to discuss the importance of building a company for the exit you want as a founder.

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How is Regtech Enabling More Robust Data Protection and Privacy Compliance?

The Fintech Times

2024 is proving another standout year for the regulatory space, finding itself under the spotlight, for better and worse reasons. This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer.

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FDX seeks to become open banking standard-setter

Payments Dive

The Consumer Financial Protection Bureau will decide whether an organization’s practices are transparent and balanced enough to set standards for open banking.

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Deputy PM Gan Kim Yong to Take Director Role on GIC Board

Fintech News

Gan Kim Yong will join Singapore’s sovereign wealth fund GIC ‘s Board as a Director, effective 1 October 2024. Gan Kim Yong He is currently serving as Singapore’s Deputy Prime Minister and Minister for Trade and Industry, and also chairs the Monetary Authority of Singapore. Gan is involved in the Strategy Group within the Prime Minister’s Office and is a member of both the Research, Innovation and Enterprise Council and the National Research Foundation Board.

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Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes

Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.

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Are You Ready for Agentic AI?

Finovate

You’ve seen the hype around Generative AI (GenAI). And perhaps you even have an AI strategy in place at your organization. But because the development of AI moves faster than any enabling technology we’ve seen in banking in the past, it’s important to think ahead to the next iteration. In this case, the next evolution of GenAI is Agentic AI.

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Nubank Leverages Regulatory Reporting Tech From Nasdaq to Ensure Compliance in Colombia

The Fintech Times

Nubank , the digital bank boasting over 100 million customers across South America, has selected a regulatory reporting solution from capital market tech provider Nasdaq , ‘AxiomSL’, to fulfil reporting obligations in Colombia and ensure compliance. The new agreement extends an existing partnership between Nasdaq and Nubank, with the bank leveraging technology to manage its fixed-income and money market operations.

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Visa to buy UK fraud fighting tech provider Featurespace

Finextra

Visa has signed a definitive agreement to acquire British AI-powered financial fraud fighting outfit Featurespace for an undisclosed sum.

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Sleek Now Profitable in Singapore, Raises US$5 Million Debt Financing

Fintech News

Sleek, a platform offering incorporation and accounting services for SMEs and entrepreneurs, has announced it achieved profitability in Singapore during the second quarter of 2024. The company also secured US$5 million in debt financing from the Singapore-based Fintech Nation Fund to support its ongoing expansion. Sleek , now in its seventh year of operation, highlighted that the funding will fuel growth across its markets in Singapore, Hong Kong, Australia, and the UK.

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.

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NPCI International to Develop UPI-Like Real-Time Payments Platform in Trinidad and Tobago

Fintech Finance

NPCI International Payments Limited (NIPL) has entered into a strategic partnership with the Ministry of Digital Transformation (MDT) of Trinidad and Tobago to develop a real-time payments platform similar to India’s ‘Unified Payments Interface’ (UPI). This collaboration marks a significant milestone, making Trinidad and Tobago the first Caribbean nation to adopt the globally renowned UPI.

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Should you hire a dev agency to build your Fintech product?

Fintech Review

By Rishabh Singh Jain from Byldd. Deciding how to build your product is one of the most critical choices you’ll make as a fintech founder. It’s not just about getting a working product out there. It’s about creating a secure, scalable, and compliant solution that meets the complex demands of the financial sector. The Challenge of Finding the Right Team: Co-founder, Freelancers, or Interns?

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PayPal uses stablecoin to invest in blockchain risk management startup

Finextra

PayPal has used its own stablecoin to make an additional investment in blockchain risk management specialist Chaos Labs.

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Lendela’s CMO Axel Frändén Steps Up as Deputy CEO

Fintech News

Singapore-based loan matching platform Lendela has appointed Axel Frändén , its former Chief Marketing Officer, as the new Deputy CEO. Frändén will retain oversight of marketing while expanding his responsibilities to support the company’s growth strategy across Singapore, Hong Kong, and Australia in his new role. With over a decade of experience in marketing and business development, Frändén is set to work closely with CEO Nima Karimi and senior management to drive operational efficiency

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.