Sat.Jun 08, 2024 - Fri.Jun 14, 2024

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Just Published: PCI DSS v4.0.1

PCI Security Standards

To address stakeholder feedback and questions received since PCI DSS v4.0 was published in March 2022, the PCI Security Standards Council (PCI SSC) has published a limited revision to the standard, PCI DSS v4.0.1. It includes corrections to formatting and typographical errors and clarifies the focus and intent of some of the requirements and guidance.

PCI DSS 226
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Apple unveils new iPhone touch and pay feature

Payments Dive

The P2P ‘Tap to Cash’, which enables iPhone users to transfer money by holding their phones together, was unveiled along with a slate of other features Monday.

P2P 179
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Mastercard targets 100% e-commerce tokenisation in Europe

Finextra

Mastercard has set itself a target of hitting 100% e-commerce tokenisation in Europe by 2030, phasing out manual card entry and making online shopping safer and more accessible.

Visa 143
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Bank of Thailand to Test Programmable Payments in Enhanced Sandbox

Fintech News

Daranee Saeju, Assistant Governor of Payment System Supervision and Financial Service User Protection at the Bank of Thailand (BoT) , announced the launch of a new initiative to test programmable payment systems under the Enhanced Regulatory Sandbox framework. This initiative responds to the rapid and complex development of financial innovations, such as distributed ledger technology (DLT) and smart contracts, which are transforming financial services.

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Provide Real Value in Your Applications with Data and Analytics

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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InvestHK and Crypto Vallet Association Join Forces to Advance Blockchain and Web3 Development

The Fintech Times

Both Hong Kong and Switzerland are making strides in the development of blockchain and cryptographic technologies individually. However, looking to accelerate progress together, Invest Hong Kong (InvestHK) and the Crypto Valley Association (CVA) of Zug in Switzerland signed a memorandum of understanding (MoU) at the 2024 Crypto Valley Conference. The MoU aims to enhance the close supportive relationship between InvestHK and CVA, and boost cooperation between the fintech ecosystems of Hong Kong a

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Apple adds BNPL offerings from rivals

Payments Dive

The tech giant will allow installment plans from Affirm, as well from certain debit and credit cards, onto Apple Pay alongside its own BNPL service.

BNPL 190

More Trending

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29 Fintech Leaders Make Forbes 30 Under 30 Asia List This Year

Fintech News

Forbes has released its annual 30 Under 30 Asia list, recognizing the entrepreneurs, artists, athletes, and changemakers who are leading transformative initiatives across key industries in the Asia-Pacific (APAC) region. The Forbes 30 Under 30 Asia Class of 2024 features 300 notable nominees selected across ten categories: The Arts (Art and Style, Food and Drink); Entertainment and Sports; Finance and Venture Capital; Media, Marketing and Advertising; Retail and E-Commerce; Enterprise Technolog

FinTech 124
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Why is Diversity and Inclusion Important in Fintech? The Industry View with Finastra, NMI

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 119
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Cash use persists in US beyond pandemic

Payments Dive

Consumers remained committed to cash use last year, even as the share of card payments rose and online payments increased, according to an annual Federal Reserve study.

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Digital pound would not require new POS systems - BofE

Finextra

Existing point-of-sale terminals in the UK could be used to initiate digital pound payments, according to research from the Bank of England.

Research 137
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Residual Income Strategies: Building a Sustainable 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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Unpacking 3 Key Concepts From G20’s Enhanced Cross Border Payments Plan

Fintech News

Rapid globalisation and available technological advancements have spurred the demand for more efficient, transparent, and accessible cross-border payment systems. Multilateral payment platforms have emerged as a promising solution to address the needs of increasingly globalised users, who need to send and remit funds across borders for various reasons.

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Countdown to Fintech Week London Conference 2024 With Leading Voices in Fintech Sharing Insights

The Fintech Times

There’s just two days to go before this year’s flagship conference at Fintech Week London with stellar speakers set to share their insights, including London’s deputy mayor for business Howard Dawber and MP Lord Chris Holmes. Taking place on 13 June in the Park Plaza Victoria London, the 2024 conference will put the spotlight on the hot topics in the fintech sector, including the future of finance, artificial intelligence (AI), consumer centricity, payments, digital assets and data,

FinTech 116
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eBay to accept Venmo

Payments Dive

A week after dropping American Express, the online auctioneer said it will now accept payments through Venmo, which is popular among Gen Z and millennials

Venmo 172
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Santander customers warned about circumventing Facebook Marketplace scam prevention measures

Finextra

Santander has found that come customers are circumventing new measures to stop bank transfers for Facebook Marketplace payments in cases where a customer has not seen the item in person.

Scams 119
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How To Craft Your Perfect Retail Tech Stack

Speaker: Jason Cottrell and Brian Walker

The era of all-in-one platforms is over. Now, retail success depends on integrating a blend of diverse technologies to thrive. As customers and stakeholders expect agility and innovation, how can you meet these expectations efficiently without stumbling into complexity? Explore a customer-centric approach to navigating digital transformation in retail.

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Grace Park Joins Prudential as Chief Data, Analytics and AI Officer

Fintech News

Prudential plc has announced the appointment of Grace Park as its new Chief Data, Analytics & AI Officer, effective 7 June 2024. Grace Park Based in Singapore, Park will report to Chief Information Officer Ashley Veasey. In her new role, Park will focus on enhancing Prudential ‘s use of data and artificial intelligence (AI) to drive growth and improve efficiencies.

AI 112
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ING gen-AI chatbot pilots in the Netherlands

Bank Automation

ING is running a generative AI-driven chatbot pilot in the Netherlands before it plans to scale the technology. The pilot funnels only 2.5% of clients’ chats into its gen-AI chatbot, Chief Analytics Officer Bahadir Yilmaz told Bank Automation News at the recent Money2020 Europe event in Amsterdam.

AI 111
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Rivals Adyen, Stripe partner with Capital One to combat fraud

Payments Dive

The three companies announced last Wednesday that they are teaming up to launch a free service intended to combat fraud and reduce the amount of transactions that are improperly declined.

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Wells Fargo fires employees for 'simulating' keyboard activity

Finextra

Wells Fargo fired several employees for faking work by using "mouse jigglers" to simulate computer activity, according to Bloomberg.

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Secrets of a Successful Sale: Optimizing Your Checkout Process

Speaker: David Nisbet, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

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JULO Projects US$650 Million in Loans, Pursues Neobank Ambitions

Fintech News

Indonesian fintech company JULO reported that it is on track to disburse over US$650 million in loans by the end of 2024, while also setting its sights on becoming a neobank. From January to April this year, loan disbursements surged by 87.19% compared to the same period in 2023, reaching US$189 million. Since its launch in 2016, JULO has disbursed over US$1 billion in total, with nearly half of that amount disbursed in 2023 alone—a 50% increase from the previous year.

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Mbank and Policybazaar.ae Combine Efforts to Streamline UAE Insurance Landscape

The Fintech Times

Users of the UAE-based digital bank, Mbank , will now be able to explore, compare, and purchase car, health, travel, and life insurance products directly from its mobile application following a new partnership with Policybazaar.ae , the online insurance aggregator. The partnership will see Mbank leverage Policybazaar.ae ‘s online platform to offer its customers greater digital convenience.

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Fighting deepfakes via payments

Payments Dive

“Since many of these deepfake software services accept credit cards, payments providers are on the front lines of detecting these companies,” writes one corporate compliance officer.

Deepfake 142
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Apple launches Tap to Cash

Finextra

Apple has unveiled a Tap to Cash feature that lets people send each other money simply by tapping their iPhones.

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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.

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StanChart Launches New Investment Company for High-Net-Worth Clients

Fintech News

Standard Chartered Bank has created a new investment company in Singapore called Standard Chartered Funds VCC (SC Fund). This new corporate entity will allow the bank to offer a series of funds that provide clients with access to unique investment strategies. In partnership with leading global fund managers, Standard Chartered aims to combine the expertise of top fund managers with its own team of global asset class specialists.

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AuthenticID Launches Deep Fake and Generative AI Detection Solution

Finovate

Identity proofing and fraud detection company AuthenticID launched a new solution today to detect deep fake and generative AI injection attacks. An injection attack occurs when a fraudster injects a deepfake– which could be a synthetic document, video, facial image, or audio representation– into an identity verification workflow to spoof the system.

AI 105
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Landmark Visa, Mastercard settlement in peril

Payments Dive

The judge's likely rejection would scuttle a $29.79 billion deal that was two decades in the making.

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Santander BNPL platform to provide installment payments for Apple customers in Germany

Finextra

Santander's buy now, pay later platform Zinia has been selected by Apple in Germany to provide BNPL installment plans for consumer purchases both online and in person.

BNPL 109
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6 Innovative Strategies for Mastering Merchant Services Sales

Ready to boost your game and stand out in the competitive world of merchant services sales? Discover 6 innovative strategies that will help you rise above the crowd, from leveraging tech trends and perfecting referral programs to harnessing the power of testimonials and pop-up events. Learn how educating clients can turn you into a trusted advisor and uncover the secrets of building community ties that cement your reputation as a market leader.

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New OCBC Ignite Initiative to Boost Polytechnic Graduates in Banking Careers

Fintech News

OCBC has introduced OCBC Ignite, an accelerated banking career programme aimed at benefiting 500 polytechnic students over the next three years. This initiative, developed in collaboration with all five polytechnics in Singapore, seeks to enhance the employment prospects of polytechnic graduates in the financial sector. OCBC Ignite aims to double the bank’s annual intake of fresh polytechnic graduates.

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Chargebacks911: How AI Can Lead the Fight Against Fraud in Retail

The Fintech Times

Cybercrime is expected to cost the world $10.5trillion annually by 2025 but machine learning is helping merchants and financial institutions to fight back against criminal activity. Monica Eaton, CEO of Chargebacks911, an international chargeback management and prevention company which provides SaaS solutions for managing chargebacks, discusses why artificial intelligence (AI) has always been at the forefront against fraud.

AI 103
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Startup offers ‘credit-building’ debit cards for Gen Z

Payments Dive

Startup Fizz is marketing itself as a company helping college students build credit and manage daily spending.

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Fingerprints and Italy-Based WiBioCard Partner Up for Smart Card Solutions

Fintech Finance

Fingerprint Cards AB (Fingerprints ) and WiBioCard , an Italy-based smart card integrator specializing in web access authentication, verification and physical and logical access control have partnered to offer innovative smart card solutions for the global access market. WiBioCard has built a portfolio of different smart card products targeting large enterprises globally, integrating Fingerprints biometric technology.

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Using Data & Analytics for Improving Healthcare Innovation and Outcomes

In the rapidly evolving healthcare industry, delivering data insights to end users or customers can be a significant challenge for product managers, product owners, and application team developers. The complexity of healthcare data, the need for real-time analytics, and the demand for user-friendly interfaces can often seem overwhelming. But with Logi Symphony, these challenges become opportunities.