Sat.May 04, 2024 - Fri.May 10, 2024

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Difference between Sales Planning and Revenue Planning

The Finance Weekly

The hunt for growth never stops in the fast-paced business world. Leading the growth in almost every company is the sales team. They basically connect what you need with the right product or service. For instance, let's talk about car sales. When you head to a car dealership, you have a car in mind. The salesperson usually dives into your life - asking about your family size, daily routine, and more to understand how you plan to use the car.

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Jack Henry, Visa see escalating FedNow volume

Payments Dive

While the Federal Reserve won’t specify payments volume on the new instant system, executives from certified service providers Visa and Jack Henry said they’re seeing an increase.

Volume 167
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Tenity and XDC invite applications for Web3 accelerator

Finextra

Tenity, a leading innovation ecosystem and vc-backed accelerator for early-stage startups, announced the launch of the XDC Accelerator Program and invited startups to build on the XDC Network.

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Test clocks: How we made it easier to test Stripe Billing integrations

Stripe

Stripe Billing allows businesses to manage customer relationships with recurring payments, usage triggers, and other customizable features.

Payments 139
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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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Here Are 2024’s Top VC Funding Rounds So Far

Fintech News

In Q1 2024, fintech venture capital (VC) funding experienced a notable decline, dropping by 16% compared to the previous quarter, new data released by market intelligence platform CB Insights show. The total funding amounted to US$7.3 billion, marking the lowest quarterly level since 2017. Quarterly fintech equity funding and deals, Source: State of Fintech Q1 2024, CB Insights, Apr 2024 The data, presented in the “State of Fintech Q1 2024” report, illustrates the continued downward trajectory i

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Merchants urged to file claims for $5.5B payment card settlement

Payments Dive

Requests for a slice of the Visa-Mastercard settlement are due by a May 31 deadline. Lawyers are racing to alert eligible businesses.

More Trending

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Grasshopper Bank begins rollout of SBA lending strategy

Bank Automation

Small businesses demand efficient access to capital and Grasshopper Bank is meeting the needs of its small business clients through its latest digital lending solutions.

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Money20/20 Asia Concludes Inaugural Event, Sets Stage for 2025 Return

Fintech News

The inaugural Money20/20 Asia conference wrapped up its three-day event at the Queen Sirikit National Convention Center in Bangkok from 23rd to 25th April, featuring fintech discussions, international networking and collaborations. The conference drew over 3,000 participants from 87 countries, including 24 nations across the Asia Pacific region. Notably, the event featured over 250 speakers from Asia, with 45% being female executives and more than 60% holding C-suite positions.

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CFPB, DOT take aim at airline rewards

Payments Dive

The two agencies raised concerns that airlines and card companies could arbitrarily devalue points accrued in their joint rewards programs, amounting to a bait-and-switch for customers.

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NAB to launch Pay by Bank for Australian merchants

Finextra

Australian Big Four bank NAB is partnering with Banked to launch Pay by Bank capabilities, leveraging Australian open banking rails PayTo to settle near-instant transactions.

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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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CFPB fines Chime $3.25M

Bank Automation

Chime Financial was fined $3.25 million by the Consumer Financial Protection Bureau today as the digital bank has failed to give timely consumer refunds. According to Chime’s refund policy, the company is required to issue consumer refunds within 14 days.

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Thai SEC Warns Against Listing Meme Tokens on Digital Asset Exchanges

Fintech News

Thailand’s Securities and Exchange Commission (SEC) has reiterated that digital asset exchanges are not allowed to list meme tokens, citing a lack of fundamental value and high risk of price manipulation. This move is aimed at maintaining order in digital asset trading and safeguarding investors from potentially unfair practices. Meme tokens, which often lack clear objectives or utility and are heavily influenced by social media trends, are seen as unstable investments.

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How to reduce risk and save cash with Pull-ACH

Payments Dive

Finance leaders are in a unique position to reduce costs and increase revenue by evolving payment processes.

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Visa applies generative AI to clamp down on brute force attacks

Finextra

Visa is introducing a generative AI tool to assign real time risk scores to transactions in a bid to stop enumeration attacks that use automated scripts and botnets to test for vulnerabilities.

AI 129
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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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UK challenger bank Monzo nabs another $190M as US expansion beckons

TechCrunch Fintech

Monzo has raised another £150 million ($190 million), as the challenger bank looks to expand its presence internationally — particularly in the U.S. © 2024 TechCrunch. All rights reserved. For personal use only.

FinTech 119
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Thailand-India QR Payment Link to Launch by Q3 2024

Fintech News

The Bank of Thailand is gearing up to introduce a QR code-based cross-border payment system between Thailand and India, anticipated to be operational by the third quarter of 2024, according to Bangkok Post. Announced by Dr Daranee Saeju, Assistant Governor, Payment Systems Policy and Financial Consumer Protection Group, Bank of Thailand at the recent Money20/20 Asia event in Bangkok, this move aims to enhance the speed and security of international transactions.

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Mastercard joint venture starts operations in China

Payments Dive

The collaboration with a Chinese entity began Wednesday, with processing of cards issued by banks in the country following years of preparations.

Visa 117
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US FS giants explore multi-asset settlement using share ledger tech

Finextra

A host of major US financial services firms - including Citi, JP Morgan, and Visa - are taking part in a Regulated Settlement Network (RSN) proof-of-concept that will explore multi-asset settlement using shared ledger technology.

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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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Daloopa trains AI to automate financial analysts’ workflows

TechCrunch Fintech

Daloopa, a startup building AI to extract info from financial reports and investor presentations, has raised cash in a new funding round. © 2024 TechCrunch. All rights reserved. For personal use only.

AI 118
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How Core Modernisation Is Paving the Way for Invisible Banking

Fintech News

In an era dominated by digital innovation, the banking sector is evolving rapidly to meet the modern consumer’s demands for seamless and integrated financial services. This movement towards “invisible banking” marks a departure from traditional banking practices, offering a glimpse into a future where banking is an invisible, yet integral, part of daily life.

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Dubai FinTech Summit 2024: Highlights from the Two-Day DIFC Event

The Fintech Times

From AI and blockchain to sustainable investing and digital economies, the second edition of the Du b ai FinTech Summit has put the spotlight on emerging fintech trends and their potential to drive financial progress in the region. The two-day event, organised by Dubai International Financial Centre (DIFC) – the global financial centre in the Middle East, Africa and South Asia region, took place at the Madinat Jumeirah Conference Centre and it was certainly a bustling, tightly-packed affai

FinTech 116
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Global mobile banking malware surges 32%

Finextra

Global mobile banking trojan attacks on Android users grew by a third in 2023, while cryptocurrency-related phishing also saw a sharp increase, according to a Kaspersky report.

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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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Startup neobank Mercury is taking on Brex and Ramp with new bill pay, spend management software

TechCrunch Fintech

Digital banking startup Mercury is layering software onto its bank accounts, giving its business customers the ability to pay bills, invoice customers and reimburse employees, the company has told TechCrunch exclusively. The additional features puts the company in even more direct competition with the likes of Brex and Ramp, two rival fintechs that have for […] © 2024 TechCrunch.

FinTech 107
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Martin Frick Succeeds Olivier Berthier as Moneythor CEO

Fintech News

Moneythor, a provider of personalisation solutions for financial institutions, announced the appointment of Martin Frick as its new CEO. Martin Frick succeeds Olivier Berthier, co-founder of Moneythor , who will now serve as Chairman. Berthier will continue to offer strategic guidance to sustain the company’s momentum. As CEO, Frick aims to accelerate the company’s growth and strengthen its market presence.

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Visa Combats Enumeration Attacks With New Generative AI-Powered Anti-Fraud Tool

The Fintech Times

Enumeration attacks, where threat actors use automated scripts or botnets to repeatedly submit card-not-present (CNP) transactions using different combinations of payment values, such as a primary account number (PAN), a card’s verification value (CVV2), expiration date and postal code, cause as much as $1.1billion annually in fraud losses. Recognising the significance of this type of fraud, payments giant Visa has updated its Visa Account Attack Intelligence (VAAI) with a new tool that uses gen

AI 111
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JPMorgan unveils IndexGPT investing tool

Finextra

JPMorgan Chase is using OpenAI’s GPT-4 model for a range of thematic investment baskets, according to Bloomberg.

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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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An Overview of Hidden Fees in Payment Processing

Clearly Payments

I hate hidden fees. I hate a lack of transparency in any business dealings. However, hidden fees exist, especially in payment processing. These fees sneak into contracts or billing statements, catching merchants off guard. We’re here to explain how hidden fees work, provide some statistics, and give some guidance on how to avoid hidden fees in your payment processing contracts.

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Lawrence Wong Addresses Regulatory Actions Following Terraform Labs’ Collapse

Fintech News

Deputy Prime Minister and Minister for Finance and Chairman of Monetary Authority of Singapore (MAS) Lawrence Wong, addressed the regulatory aftermath of the Terraform Labs’ collapse in a parliamentary session yesterday (8 May 2024). Terraform Labs, the company behind the Terra stablecoin, was a Singapore-registered startup not involved in activities requiring a license from the Monetary Authority of Singapore (MAS), and thus, was not licensed.

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Navigating Compliance Challenges with FloQast: Inside the New Enhancements to FloQast Compliance Management

FloQast

In the intricate dance of modern business, compliance programs serve as vital navigational guides, steering organizations through a labyrinth of regulations and risks. Compliance ensures transparency and market integrity for publicly traded companies, while private enterprises leverage potentially game-changing insights for strategic decision-making.

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Exploring UK Fintech: Growth, Disruption, and Future Trends

Finextra

At IFGS 2024, Clare Gambardella, Chief Customer Officer at Zopa Bank, breaks down the success factors driving the UK fintech scene. From regulatory agility to consumer demand and access to funding, we discuss what sets the UK apart, major tech disruptors such as contactless payments and open banking, and the evolving needs of the next generation of consumers.

FinTech 122
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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.