Gen Z clings to new payment tools
Payments Dive
APRIL 12, 2024
Gen Zers will abandon a transaction in one out of two cases if their preferred payment method isn’t available, says an EY payments specialist, citing the firm’s survey results.
Sat.Apr 06, 2024 - Fri.Apr 12, 2024
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Santander brings Openbank digital brand to US
Finextra
APRIL 9, 2024
Santander is launching its Openbank digital offering across the United States and Mexico.
TransferGo raises $10M to expand its remittance business in Asia, doubling valuation
TechCrunch Fintech
APRIL 9, 2024
TransferGo, the UK-based fintech best known as a consumer platform for global remittances, has raised a $10 million growth funding round from Taiwan-based investor Taiwania Capital, with a view to expanding in the Asia-Pacific region. It last raised a $50M Series C funding round in 2021. TransferGo claims the new investment doubles its valuation to […] © 2024 TechCrunch.
Crypto Adoption in Southeast Asia is On the Rise
Fintech News
APRIL 8, 2024
Crypto in Southeast Asia is increasingly popular among investors. The region is home to a complex financial landscape that’s characterized by a significant portion of the population being underbanked or unbanked, alongside a digitally-savvy youth demographic with high mobile Internet connectivity. These dynamics set the stage for the burgeoning adoption of crypto-assets and decentralized finance (DeFi), hailed for their potential to enhance financial inclusion.
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.
Visa, Mastercard CEOs throw hearing off track
Payments Dive
APRIL 9, 2024
Senate Judiciary Committee Chairman Dick Durbin postponed a plan to call credit card chieftains on the capitol carpet at a Tuesday hearing, but he’s still aiming to get them to Washington.
Chips migrates to ISO 20022 message format
Finextra
APRIL 10, 2024
The Clearing House's Chips private-sector high-value clearing and settlement system has migrated to the ISO 20022 messaging format.
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Unmasking the Threat of Deepfake Scams in the Financial Sector of Asia
Fintech News
APRIL 7, 2024
In the contemporary digital world, the proliferation of deepfake technology and generative AI heralds an era fraught with online scam challenges, notably within the financial sector in Asia. This burgeoning technology, characterized by its ability to create indistinguishably fraudulent audio and visual content, not only complicates the process of identity verification but also emboldens cybercriminals, precipitating substantial financial losses.
Fiserv CEO compensation rose last year to $28M
Payments Dive
APRIL 8, 2024
Compensation for Fiserv CEO Frank Bisignano climbed 57% over 2022, as the value of stock awarded to him surged and he received a $3 million cash bonus.
What is Net Book Value?
The Finance Weekly
APRIL 6, 2024
Understanding the Net Book Value (NBV) of a company's assets is critical for knowing its financial health and potential for future growth. This accounting principle offers an insightful perspective into a business's worth , underlining the importance of financial reporting in today's market dynamics. By integrating NBV into financial evaluations, companies can provide a clear picture of their value, productivity, and liquidity.
Fintech representation in YC’s Demo Days is definitely shrinking
TechCrunch Fintech
APRIL 7, 2024
Welcome to TechCrunch Fintech! This week, we’re looking at just how many fintech companies made it into Y Combinator’s Winter 2024 cohort, how much funding slid in the first quarter, 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 […] © 2024 TechCrunch.
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
Citi focuses on streamlining, automation in Q1
Bank Automation
APRIL 12, 2024
Citigroup is focused on simplifying its infrastructure and overall technology through automation and cloud migration as it upped tech spend 6% year over year to $2.2 billion in the first quarter.
Amazon debuts app for palm payment
Payments Dive
APRIL 7, 2024
The Amazon One app can be used to enter various locations, identify individuals, pay for items and access loyalty rewards.
Cyber attacks cost financial firms $12bn says IMF
Finextra
APRIL 10, 2024
Financial services firms have been hit with $12bn in losses over the last two decades as a result of cyber attacks, according to a recently published report from the International Monetary Fund (IMF).
Bank of China lets taxi drivers accept central bank digital currency payments on NFC mobile phones
NFCW
APRIL 11, 2024
The Bank of China is conducting a pilot in the city of Shenzhen of a new service that makes it possible for merchants to accept contactless digital currency payments on standard NFC mobile phones. Taxi drivers taking part in the SoftPOS pilot use the bank’s e-yuan central bank digital currency (CBDC) app to enter the amount of a fare, Yicai Global reports.
15 Modern Use Cases for Enterprise Business Intelligence
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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?
JPMorgan CEO: 70% of applications to be cloud-native by yearend
Bank Automation
APRIL 8, 2024
JPMorgan continues its cloud migration efforts as it works to move its applications and data to the cloud this year. “Getting our tech to the cloud. … It’s essential,” Chief Executive Jamie Dimon said today in his 2023 letter to shareholders. The $3.
11 Fintech Events to Attend in APAC in Q2 2024
Fintech News
APRIL 12, 2024
In Asia-Pacific (APAC), the financial landscape is evolving rapidly amid technological advancements, changing customer expectations and the rise of fintech. This vibrant ecosystem is demanding finance and fintech professionals to stay updated with the latest trends and innovations. Against this backdrop, numerous fintech events are being organized across the region, serving as hubs for networking, knowledge-sharing, and showcasing cutting-edge solutions.
Revolut secures Mexican banking license
Finextra
APRIL 10, 2024
British-based fintech Revolut has set its sights on Mexico after securing a banking license in the country.
Digital wallets must take hold in B2B
Payments Dive
APRIL 12, 2024
“Digital wallets, once primarily associated with consumer transactions, have now firmly established their presence in the B2B realm,” writes a Mastercard manager.
Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio
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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.
Why JPMorgan’s chief data and analytics officer sits on operating committee
Bank Automation
APRIL 9, 2024
JPMorgan Chase’s chief data and analytics officer sits within its operating committee to keep up with ongoing AI investment and implementation bankwide. Appointed in June 2023, Chief Data and Analytics Officer Teresa Heitsenrether serves on the $3.
BIS: Stablecoins Offer Promise, but Need Consistent Regulation
Fintech News
APRIL 10, 2024
The Bank for International Settlements (BIS) has released a report, “Stablecoins: Regulatory Responses to Their Promise of Stability,” analysing the regulatory environments for stablecoins across seven distinct jurisdictions. Authored by Juan Carlos Crisanto , Johannes Ehrentraud , and Denise Garcia Ocampo , this report underscores the increasing prominence of stablecoins in the financial landscape, pointing out their potential to mirror the value of fiat currencies.
Fintech funding slides to 7-year low
Finextra
APRIL 8, 2024
Global funding in the fintech sector has fallen to its lowest level since 2017, according to newly published research.
How is Banking-as-a-Service Driving Financial Inclusion Across the Globe?
The Fintech Times
APRIL 9, 2024
This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. As the space rapidly develops, we look to highlight the latest developments, initiatives and challenges embedded finance has to offer and overcome across the globe. Banking-as-a-Service (BaaS) describes the concept that enables non-bank platforms to access banking capabilities traditionally only offered by licensed banks.
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.
3 criteria for innovation at Citigroup
Bank Automation
APRIL 8, 2024
Financial institutions are looking to new technology, growing their innovation teams and investing in AI and generative AI. Citigroup goes beyond the technology when starting innovation projects, looking to its clients and existing capabilities. When the $1.
TransferGo Raises US$10 Million to Fuel Asia Pacific Growth Plans
Fintech News
APRIL 11, 2024
TransferGo, an online money transfer platform operating in over 160 countries, recently announced it has raised US$10 million from Taiwania Capital, a Taiwanese venture capital firm. This funding is part of TransferGo ‘s strategy to expand its presence in the Asia-Pacific region and to enhance its range of products. The company, which has seen its valuation double since a funding round in September 2021, reports a 50% increase in revenue and reached profitability in 2023.
ECB preps DLT trials for wholesale central bank money settlement
Finextra
APRIL 8, 2024
The European Central Bank has put together a host of participants for exploratory work on the use of distributed ledger technology to settle wholesale transactions in central bank money.
How PayJoy built a $300M business by letting the underserved use their smartphones as collateral for loans
TechCrunch Fintech
APRIL 11, 2024
Lerato Motloung is a mother of two who works in a supermarket in Johannesburg, South Africa. After her phone was stolen, Motloung had to go without a mobile phone for nine months because she could not afford a new one. Then, in February 2024, she saw a sign about PayJoy, a startup that offers lending […] © 2024 TechCrunch. All rights reserved.
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.
JPMorgan Chase invests in wholesale payments tech
Bank Automation
APRIL 12, 2024
JPMorgan Chase is investing in innovation and technology within its wholesale payments operations amid rising demand for global payments capabilities. The $3.7 trillion bank is leaning into payment systems, Chief Financial Officer Jeremy Barnum said today during the bank’s first-quarter earnings call.
Revolutionising Cross Border Payments in the APAC Ecosystem
Fintech News
APRIL 11, 2024
In the Asia-Pacific (APAC) region, the economic growth narrative is interwoven with technological innovation, propelling the B2B payments market into new realms of possibility. With a valuation that leapt from US$478.23 billion in 2022 to a projected US$1.14 trillion by 2031, charting a CAGR of 10.4 percent, this market’s trajectory mirrors the region’s broader aspirations for economic integration and digital transformation.
Hong Kong set to approve first crypto ETF
Finextra
APRIL 11, 2024
Hong Kong's financial regulator is poised to give the green light to the first batch of bitcoin spot ETFs.
What Regulatory Challenges Should Banks and Fintechs be Aware of When Leveraging BaaS?
The Fintech Times
APRIL 8, 2024
This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. First, we turn our attention to the growth of Banking-as-a-Service (BaaS). BaaS enables non-banking institutions to connect with banks via APIs, to offer services traditionally restricted to licensed and fully-regulated banks.
Enhance Customer Value: Unleash Your Data’s Potential
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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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