Sat.Jan 06, 2024 - Fri.Jan 12, 2024

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Fiserv seeks special purpose bank charter

Payments Dive

The designation would allow the payment processor to own transactions from end-to-end, removing the need for a bank partner.

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USDC issuer Circle files for IPO

Finextra

Circle Internet Financial, the issuer of the USDC stablecoin, has filed with the Securities and Exchange Commission for an initial public offering (IPO).

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European Central Bank set to Stress Test 109 Banks to Assess Cyberattack Response and Recovery

The Fintech Times

The European Central Bank (ECB) has revealed plans to carry out cyber resilience stress tests on 109 of the banks it directly supervises in 2024, to assess how they both respond to and recover from a cyberattack. Stress testing the banks will not analyse their ability to prevent it in the first place, the European Central Bank explained. Instead, in the stress test scenario, a cyberattack succeeds in disrupting a bank’s daily business operations.

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Thai PM Announces May Launch for US$14.3 Billion Digital Wallet Stimulus

Fintech News

Thailand’s Prime Minister Srettha Thavisin announced the anticipated May commencement of a substantial economic stimulus initiative, according to a Reuters report. This plan, a centerpiece of the ruling Pheu Thai party’s election campaign, involves disbursing approximately US$14.3 billion through a ‘digital wallet’ system. Under this scheme, around 50 million Thai citizens will each receive 10,000 baht (about US$285) to spend within their local communities.

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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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6 payments trends to watch in 2024

Payments Dive

Swipe fee battles, real-time payments, fraud prevention and acquisition plans will be among the hot topics pulsing through the industry this year.

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Pier banks $2.4M to launch ‘Stripe for credit’

TechCrunch Fintech

Developers add Pier’s APIs with a few lines of codes, and the company then manages the credit lifecycle from end-to-end, including origination, underwriting, compliance and servicing. © 2023 TechCrunch. All rights reserved. For personal use only.

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Quick Guide to SaaS Expense Forecasting

The Finance Weekly

How long will your money last? It's a crucial question for finance leaders in any business. It's not just about knowing your current financial situation, but also projecting into the future based on your plans. While company leaders can't control everything, such as market fluctuations and economic changes, they can influence expenses. This is why expense forecasting is valuable for CEOs, CFOs, and other executives when predicting a company's future financial performance.

Payroll 130
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X plans payments launch for this year

Payments Dive

“I would be surprised if it takes longer than the middle of [2024] to roll out payments,” X owner Elon Musk said during a conversation last month with Ark Invest CEO Cathie Wood.

Payments 179
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Baylor becomes first ‘Big 12’ US university to roll out NFC student IDs

NFCW

TAP AND GO: A student conducts a contactless transaction in Baylor’s Penland Dining Hall Baylor University in Waco, Texas has become the first of the ‘Big 12’ group of US universities to introduce NFC mobile credentials, enabling students living in on-campus residential halls to unlock their rooms, enter dining halls, make retail dining purchases, check out library materials, and access other campus services with the tap of an Android or iOS smartphone or smartwatch.

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Payments Innovation in Indonesia to Drive Economic Growth and Financial Inclusion

Fintech News

Payments innovation in Indonesia holds significant promise for contributing to the nation’s economy and helping bring about a more inclusive, accessible, and equitable financial system. This system is also supporting the country’s digital economy and connecting Indonesians across its large geographically dispersed set of islands. But to fully realize the sector’s potential, stakeholders must focus on nurturing a robust ecosystem by enhancing capital access, attracting and retaining top talent an

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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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Podcast: Gen AI can provide FIs up to 90% automation

Bank Automation

Financial institutions can look to generative AI to reach up to 90% automation, WorkFusion Chief Executive Adam Famularo tells Bank Automation News on this episode of “The Buzz” podcast.

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Visa cracks down on surcharge programs

Payments Dive

The card network company is boosting efforts to enforce surcharge rules, with non-compliance potentially resulting in fines up to $1 million, according to one card processor.

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NFC Forum to develop Digital Product Passport standard

NFCW

The NFC Forum has announced that it is in the process of developing a Digital Product Passport (DPP) standard that would allow electronic goods manufacturers to use NFC tags and chips to provide merchants and consumers with “reliable and robust access to information on how a product can be reused, remanufactured, or recycled throughout its lifecycle” The proposed NFC DPP standard will allow manufacturers to use NFC tags and chips to create a link between their products and in-depth D

Product 124
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Indonesian Neobank KOMUNAL Gears Up for Expansion with US$5.5M Funding

Fintech News

Indonesian fintech company KOMUNAL has secured US$ 5.5 million in a Series A+ funding round led by Sumitomo Corporation Equity Asia. The fundraise also saw participation from several venture capital firms including Jafco Asia, Skystar Capital, Sovereign Capital, and Gobi Partners. This funding boost comes after KOMUNAL’s operational profitability in the second half of 2023.

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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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Cybersecurity is the Number One Priority for the Financial Sector Again, Says Softcat

The Fintech Times

Over half of financial organisations (55 per cent) have prioritised cybersecurity above all else for the coming year, according to new research from IT infrastructure provider Softcat. Softcat has released its annual Business Tech Priorities Report , exploring the top tech investments the financial sector is prioritising in the year ahead. The findings form part of a report based on the views of more than 4,000 customers from 2,900 organisations in the UK and Ireland, across 27 industries in bot

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Visa debuts Web3 loyalty program

Payments Dive

As the card network behemoth ventures into the Web3 experience, some firms are scaling back there.

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Belkin follows iPhone users with NFC-enabled motorized phone stand

NFCW

Computer accessories maker Belkin has introduced an NFC-enabled motorized iPhone stand that allows the device’s camera to follow a person as they move around a room. The Auto-Tracking Stand Pro is the first device to use Apple’s DockKit framework , a feature which is specifically designed to allow device cameras to track objects and people using compatible motorized mounts.

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TOPPAN IDGATE Boosts Trust With Digital Identity Solutions for Banks

Fintech News

Effective digital identity solutions for banks are essential to prevent fraud and spoofing. This becomes intertwined with Anti-Money Laundering (AML) and behavior analysis in recent times. As we navigate this evolving landscape, staying up to date with trends becomes important. The rise of Artificial Intelligence presents a significant opportunity for innovative solutions in various sectors, including financial services.

AML 120
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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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Ant Group eyes up $200 million acquisition of Multisafepay

Finextra

China's Ant Group is reportedly preparing to acquire Dutch payments firm Multisafepay as it expands further into Western markets.

Acquirers 119
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California’s DFPI fines Credova $50K

Payments Dive

The buy now, pay later provider catering to gun sellers didn’t inform consumers of potential convenience fees, the state agency said.

Consumer 154
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How Should Fintechs Utilise AI in 2024?

The Fintech Times

Particularly since the release of OpenAI ‘s ChatGPT at the back-end of 2022, the world has sat up and taken notice of the potential of artificial intelligence (AI) to disrupt all industries in countless ways. To kick off 2024, The Fintech Times is exploring how the world of AI may continue to impact the fintech industry and beyond throughout the coming year.

AI 119
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Indonesian Agritech Semaai Raises US$4.7M, Sets Sights on Fintech Partnerships

Fintech News

Indonesian agritech startup Semaai has secured US$4.7 million in a pre-series A funding round led by CyberAgent Capital, bringing its total funds raised to US$ 7.6 million. The raise was also joined by Sumitomo Corporation Equity Asia, Ruvento, MyAsiaVC, and Heracles Ventures. With the newly acquired funds, Semaai plans to forge collaborations with fintech institutions, focusing on advanced financial solutions to support the agricultural community.

FinTech 120
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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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Early-stage fintech startups just got more funding sources

TechCrunch Fintech

We started the year with news of a couple of new venture funds that will be writing checks into fintech startups. © 2023 TechCrunch. All rights reserved. For personal use only.

FinTech 118
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Stablecoin issuer Circle files for IPO

Payments Dive

Circle, which issues the USDC stablecoin, has filed confidential paperwork with the Securities and Exchange Commission — one day after the SEC's approval of 11 spot bitcoin exchange-traded funds.

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Big Tech firms begin fight back over regulatory oversight of digital wallets

Finextra

A US lobby group representing the interests of Big Tech firms has hit out at proposals by the Consumer Financial Protection Bureau to regulate tech giants such as Apple and Google that offer digital payment apps and wallets.

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Finastra to Power LPBank’s Treasury Revamp in Vietnam

Fintech News

Vietnam’s Lien Viet Post Joint Stock Commercial Bank (LPBank) has partnered with financial software provider Finastra and NGS Equipment and Communication Joint Stock Company (NGS) to enhance its treasury operations. The move is aimed at improving the bank’s operational efficiency and governance through Finastra’s treasury solution, Kondor.

Treasury 120
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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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Gridserve opens contactless electric vehicle forecourt at Gatwick Airport

NFCW

GATWICK AIRPORT: The new contactless forecourt combines 30 EV charging bays and a ‘Just Walk Out’ powered convenience store Sustainable energy provider Gridserve has opened an electric vehicle charging station at London’s Gatwick Airport that combines thirty vehicle charging bays with a convenience store that uses Amazon’s Just Walk Out technology and a Costa Coffee outlet that allows drivers to pre-order and pay for a coffee that can then be delivered to their charging b

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PCI DSS Requirement 1 – Changes from v3.2.1 to v4.0 Explained

VISTA InfoSec

As we all know, data security is a constantly evolving field, and it’s essential to keep up with the latest standards and requirements. And mark your calendars, because the current PCI DSS v3.2.1 is set to retire on March 31st, 2024. That’s right, the PCI Security Standards Council (SSC) has announced the release of the new and improved PCI DSS v4.0, and compliance with this updated version is mandatory for organizations to maintain data security.

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PCI SSC Participating Organizations Share Why You Should Join the Council in 2024

PCI Security Standards

Collaboration is at the heart of the PCI Security Standards Council’s mission to help secure payment data globally. As a global forum, the Council brings together payments industry stakeholders to develop and drive implementation of data security standards and resources for safe payments worldwide. We seek involvement from all sectors of the payment card industry - merchants, service providers, banks, processors, hardware and software developers, point-of-sale vendors, etc. - to help secure paym

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5 Top Fintech Trends Set to Define Singapore in 2024

Fintech News

As the tech-driven economic landscape continues to evolve at a remarkable pace, Singapore remains at the forefront of this transformation, particularly in the realm of fintech. In 2024, some of the most prevalent fintech trends in Singapore showcase how the city-state continues to cement its position as a hub for innovation and technological advancements in the financial sector.

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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.