VISTA InfoSec

JULY 1, 2024

American chip giant Advanced Micro Devices, Inc. (AMD) announced that it has launched a probe of a data breach carried out by a cybercriminal group called Intelbroker that led to several private documents and information being stolen which occurred early this month. In a statement to media outlets, the company spokesperson said that it is working closely with the authorities and a third-party hosting partner to investigate the impact of the breach.

CHIPS 257

CHIPS Cybersecurity Data Breach Breach 257

Payments Dive

JULY 2, 2024

Research from the investment bank Jefferies suggests generative artificial intelligence could be used in the payments industry to improve fraud detection and make transactions happen faster.

Fraud Detection 178

Fraud Detection AI Payments Research 178

Fintech News

JUNE 30, 2024

Nearly three-quarters of banks globally continue to run on legacy core banking systems, which fail to deliver on transformation goals. However, new reports by the International Data Corporation (IDC), commissioned by Thought Machine, reveal that 98% of banks are planning to upgrade their core banking systems to accelerate digital transformation within the next three years.

On-Demand 145

On-Demand Product Innovation Risk 145

Bank Automation

JULY 5, 2024

ConnectOne Bank built its own data lake and data warehouse in-house to allow for access to insights for all departments. One of the first assignments for the $9.8 billion Englewood Cliffs, N.J.

Technology 132

Technology 132

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

Product

Open Banking Excellence

JULY 1, 2024

Open Banking in a Box, a new programme from Open Banking Excellence (OBE) , is leveraging the UK’s position as the world leader in open banking to help regulators globally develop their own open banking markets. The programme gives access to invaluable insights, expertise and practical advice honed from the UK’s experience in creating the blueprint for open banking.

Use Case 130

Use Case Cross-Border Regulations Best Practices 130

VISTA InfoSec

JULY 1, 2024

Ever wondered how to conduct security audits without wasting time? Security audits are crucial for protecting your business from threats. But they often feel like they take forever. The process can be overwhelming, especially if you’re trying to be thorough without sacrificing too much time. Luckily, it doesn’t have to be this way. This guide’ll share practical tips to help you conduct thorough security audits quickly and efficiently.

Audit 130

Audit Compromise Security Automation 130

Bank Automation

JULY 1, 2024

Data insights company S&P Global is developing internal- and external-facing generative AI tools to boost efficiencies — and it hopes to monetize the technology by offering it to customers.

AI 129

AI Technology 129

Finextra

JULY 2, 2024

The European Payments Initiative (EPI) has launched its mobile-first wallet and instant account-to-account payments system in Germany, with other counties set to follow in the coming months.

Payment Initiation 128

Payment Initiation Accounts Payments 128

Payments Dive

JULY 3, 2024

The Consumer Financial Protection Bureau has long wanted buy now, pay later loans to be listed on consumer’s credit reports. So why didn’t it include that in a March rule for the industry?

BNPL 151

BNPL Rules Consumer 151

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

Payments

Fintech News

JULY 3, 2024

The Siam Commercial Bank (SCB) is set to modernise its core banking system through a new partnership with Sunline , a global provider of banking technology services. This is said to be SCB’s first IT architecture revamp in over a decade. This collaboration aims to enhance SCB’s IT architecture, improving financial transaction processing for deposits and loans with better efficiency, stability, security, and scalability to meet increasing transaction volumes.

Transactions 122

Transactions Volume Technology Security 122

NFCW

JULY 1, 2024

The NFC Forum has detailed its vision for its planned introduction of Multi-Purpose Taps , which will enable multiple functions to be actioned via a single tap of an NFC device, in a new paper which is available to download from the standards body’s website. NFC Multi-Purpose Tap: One Tap, Unlimited Potential details what Multi-Purpose Tap is, how it can integrate into existing NFC architectures, and which ecosystems stand to benefit most. “The innovation is expected to not only furt

Contactless Payments 121

Contactless Payments Retail Payments Innovation Consumer 121

Finextra

JULY 1, 2024

BlackRock is to acquire private market data firm Preqin for £2.55 billion in an all-cash deal expected to close before year end.

Acquirers 121

Acquirers 121

Payments Dive

JULY 3, 2024

The tech company, whose tools are used by numerous stores, cut employees in its sales, engineering, professional services, data and product management teams last week.

Product 148

Product 148

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Use Case

Fintech News

JULY 2, 2024

The International Finance Corporation (IFC) , a member of the World Bank Group, is evaluating a US$150 million loan package for KB Finansia Multi Finance (FMF) in Indonesia and KB J Capital (KBJ) in Thailand. According to a disclosure accessed by DealStreetAsia , the financing will include an A loan of up to US$75 million in Indonesian rupiah equivalent for FMF, partially guaranteed by KB Kookmin Card Co (KBC), and another US$25 million loan without a guarantee.

Card Issuer 117

Card Issuer Finance Issuers Credit Cards 117

NFCW

JULY 3, 2024

The apparel industry alone will be responsible for issuing more than 62.5bn Digital Product Passports a year by 2030, ABI Research predicts, generating annual revenues of US$1.59bn for suppliers of supporting IT and software. “The European Union is leading the way with Digital Product Passports (DPPs) to provide comprehensive product data across the value chain,” ABI says. “High-impact sectors like batteries, vehicles, textiles, electronics, furniture, plastics, construction, a

Product 119

Product Regulatory Compliance Compliance Authentication 119

Finextra

JULY 1, 2024

Lloyds Banking Group has revealed 60 new branch closures for the remainder of the year and 2025.

119

119

Payments Dive

JULY 1, 2024

A proposed Visa-Mastercard settlement failed partly because a judge overseeing the case determined large merchants wouldn’t benefit as much as smaller merchants.

Settlement 147

Settlement Visa Large Merchants 147

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Payments

Fintech News

JULY 2, 2024

Neobank Revolut’s annual revenue in Singapore more than doubled compared to 2022, contributing to the group’s financial performance. This marks its second consecutive year of gross profitability. The group’s revenue increased by 95%, from US$1.1 billion in 2022 to US$2.2 billion in 2023. Profit before tax reached US$545 million, and net profit grew to US$428 million, up from US$7 million in 2022.

Financial Literacy 117

Financial Literacy Value Added Service Product Transactions 117

NFCW

JULY 3, 2024

OPEN PAYMENT: Venice public transport users can use contactless cards to pay for their fares Visitors to Venice can now use a contactless debit or credit card to pay for fares on any of the city’s public transportation services, including water buses, speedboats, motorboats, ferries, buses and trams. “The new EMV (Europay, Mastercard and Visa) open payment system allows passengers to pay with contactless credit and debit cards, offering easier access to AVM’s local public transport s

Contactless Payments 119

Contactless Payments Debit Card EMV Credit Cards 119

Finextra

JULY 1, 2024

Monzo has introduced a trio of security controls to help customers diminish the prospect of fraudulent payments out of their accounts from phone theft, shoulder surfing or impersonation scams.

Scams 119

Scams Accounts Security Payments 119

Fintech Finance

JULY 2, 2024

Klarna , the AI-powered global payments network and shopping assistant, today announced it’s partnered with Adobe Commerce to enable merchants to easily implement Klarna’s Buy Now Pay Later (BNPL) services, along with other flexible payment options. This allows Klarna to expand payment flexibility to consumers. “Our relationship with Adobe Commerce offers thousands of merchants a flexible, seamless, and smooth way to accept payments,” said Erin Jaeger, Head of North America at Klarna.

BNPL 111

BNPL Payments Payment Networks AI 111

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

Best Practices

Fintech News

JUNE 30, 2024

The Monetary Authority of Singapore (MAS) , alongside international financial institutions, has successfully completed the first phase of the Global Layer 1 (GL1) initiative. The regulator is now focusing on developing standards, market practices, and governing principles for digital infrastructure supporting tokenised assets. The MAS Global Layer 1 initiative includes partnerships with global industry associations and financial institutions to develop common standards in fixed income, foreign e

Central Bank 117

Central Bank Non-Bank Risk Participant 117

NFCW

JULY 2, 2024

EVIAN PILOT: Spectators can buy a QR code for £5 enabling them to refill their water bottle all day Sports fans attending this year’s Wimbledon tennis tournament can purchase a QR refill pass that gives them the ability to refill their water bottle at any of a number of Evian mineral water refill stations located around the All England Lawn Tennis Club , rather than buying their mineral water in a plastic bottle or using a free tap water refill station.

Innovation 119

Innovation Continuity Consumer 119

Finextra

JULY 3, 2024

Mizuho Financial Group is testing a generative AI application from IBM to help speed up recovery time from IT outages.

AI 119

AI 119

Fintech Finance

JULY 3, 2024

Pleo , one of Europe’s leading spend management platforms, is celebrating another year of triple digit SaaS growth, leading to group revenue increase of over 50% for FY23. This growth was fuelled largely by a surge in its customer base up 39% from the previous year, reaching to date, over 33,000 active companies. The number of active users also saw an increase of 37% compared year on year.

Multi-Currency 105

Multi-Currency Finance Continuity Facilitators 105

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.

Payments

Fintech News

JULY 3, 2024

The Bank for International Settlements (BIS) and its partners have revealed the comprehensive blueprint for phase three of Project Nexus, which seeks to address longstanding challenges in international money transfers by leveraging the power of domestic instant payment systems (IPS). The ambitious initiative is targeting to transform cross-border payments in Southeast Asia (ASEAN) initially, before the broader Asia Pacific (APAC) region and, eventually, the world.

Cross-Border Payments 114

Cross-Border Payments Cross-Border Instant Payments Central Bank 114

Tearsheet

JULY 1, 2024

The evolution in payment technologies and experiences is directly impacted by changes in consumer preferences, particularly among younger generations. To explore these changes and their potential impact on businesses, I spoke with Thomas Priore – CEO, Priority , a company specializing in integrated payments and banking solutions. Thomas Priore – CEO, Priority This interview covers several key areas of interest in the payment landscape.

BNPL 105

BNPL Online and Mobile Banking Encryption Payments 105

Finextra

JULY 2, 2024

Money transfer fintech Wise says some of its customers may have been caught up in the recent hack on Evolve Bank & Trust.

FinTech 116

FinTech 116