Sat.Jan 27, 2024 - Fri.Feb 02, 2024

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PCI DSS v3.2.1 is Retiring on 31 March 2024 – Are You Ready?

PCI Security Standards

With 31 March 2024 rapidly approaching, Lauren Holloway, Director, Data Security Standards, shares some key questions, answers, and resources to help entities successfully transition to PCI DSS v4.0.

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Aldi debuts Grabango checkout tech at Chicago-area store

Payments Dive

The retailer is working with artificial intelligence startup Grabango to offer the service for the first time in the U.S. at a location in the Chicago suburb of Aurora, Illinois.

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PAY360 Conference 2024

Open Banking Excellence

19th - 20th March 2024 Live Event Linkedin Twitter Youtube PAY360 Conference The award winning PAY360 is back! Join the largest gathering of the entire payments ecosystem under one roof. Why PAY360? It is free to attend for the entire payments ecosystem. Our goal is always to be the catalyst for alignment of the various forces in the industry. We programme the disagreeable into an agreeable format through our 2 day conference, ensuring a structured forum for debate amongst all stakeholders.

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Block becomes the latest fintech to lay off workers

TechCrunch Fintech

Block, the fintech company whose subsidiaries include Square, Cash App and Afterpay, is laying off staff at a tumultuous time for tech industry workers. That’s according to an internal memo from CEO Jack Dorsey, obtained first by Business Insider, which states that “the growth of [Block] has far outpaced the growth of … business and […] © 2024 TechCrunch.

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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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PCI DSS Requirement 5 – Changes from v3.2.1 to v4.0 Explained

VISTA InfoSec

Welcome back to our ongoing series on the Payment Card Industry Data Security Standard (PCI DSS). We’ve been journeying through the various requirements of this critical security standard, and today, we’re moving forward to explore Requirement 5 of PCI DSS v4.0. Understanding Requirement 5 of PCI DSS in Short: Requirement 5: Safeguard All Systems and Networks Against Malicious Software Subsections: 5.1 Defined and understood processes and mechanisms are in place to safeguard all systems an

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Next level AI: Quantum AI

Bank Automation

Graphics processing units on today’s computers can only hold so much capacity — and financial institutions are looking to quantum computing to process ever-growing data sets and turbocharge AI.

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More Trending

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PayPal begins more layoffs

TechCrunch Fintech

PayPal has begun company-wide layoffs, according to multiple reports, including an article published by The Information. It is not yet clear how many people will be affected by the job cuts but one source told TechCrunch it was expected to be in the “thousands.” TechCrunch has reached out to PayPal and will update this story […] © 2024 TechCrunch.

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Adrian Gunadi Steps Down as Investree CEO Amid Misconduct Claims

Fintech News

Indonesian lender Investree ‘s co-founder and CEO Adrian A Gunadi has tendered his resignation, effective 31 January 2024. This move comes amid allegations of misconduct and various challenges faced by the company, as reported by DealStreetAsia. Adrian Gunadi Gunadi’s resignation letter, a copy of which DealStreetAsia has accessed, confirms the irrevocability of his decision and states that he has no further claims against the company.

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Podcast: AI, RPA, fraud detection, data sharing enhancements in 2024

Bank Automation

Technology and innovations advanced in leaps and bounds in 2023, including enhancements to AI, the introduction of generative AI and investment in data analytics.

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73% SMEs Across Europe Prepare to Invest in Fintech and AI Services in 2024 Reveals Qonto

The Fintech Times

Aritificial intelligence has captured the world’s imagination throughout the last two years, and companies of all sizes are embracing – having recognised the long-term benefits the emerging technology could offer. In its latest report, financial management solution Qonto reveals how this trend translates for SMEs across Europe. In the Qonto report , European SMEs revealed their intention to massively invest in tech, such as AI, and digitisation in 2024, especially in Germany, Italy,

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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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PayPal uses stablecoin to invest in Mesh

Finextra

PayPal has used its own stablecoin to invest around $5 million in Mesh, an embedded finance startup for crypto payments.

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Fintech Ramp acquires another AI-powered startup

TechCrunch Fintech

Spend management startup Ramp has acquired AI-powered startup Venue as it expands its procurement offering. Venue was founded in 2022 by TK Kong, Young Kim, and Kevin Chan, and its aim was to “simplify how businesses review, approve, and manage the cost of vendors in use across their company.” The startup raised $1.2 million in […] © 2024 TechCrunch.

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Coffee with the Council Podcast: A Panel Discussion from Asia-Pacific Hosted by Yew Kuann Cheng

PCI Security Standards

Hello everyone. Welcome to another edition of our podcast series, Coffee with the Council. Hello from very sunny Singapore. I just enjoyed my cup of coffee. Or locally we will say “Kopi Siew Dai” or "coffee with milk, with less sugar". My name is Yew Kuann, and I'm the Regional VP for PCI Security Standards Council. My role involves driving engagements across Asia-Pacific, and I'm super excited about this very special edition of the podcast.

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Payday Lending: An Unnecessary Burden on Military Service Members

The Fintech Times

The financial wellbeing of military personnel is often impacted by various challenges, including predatory lending practices, which can have detrimental effects on their credit scores, personal lives and mission readiness. Alex Haig served in the US Army from 2006-11, including multiple deployments to Afghanistan. He currently serves as the vice president of DailyPay’s public sector, overseeing the company’s earned wage access strategic growth plans in the public sector including civil servants

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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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One-in-three consumers falling victim to APP fraud - Visa

Finextra

Soaring levels of authorised push payments fraud in the UK are turning consumers off digital banking, according to research conducted by Visa

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Finvest app will have you invested in US Treasury Bills in minutes

TechCrunch Fintech

Finvest is out to make the purchase, management and selling of U.S. Treasury Bills seamless, while also offering a high-yield cash management account with a 4.4% yield. © 2024 TechCrunch. All rights reserved. For personal use only.

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5 Top Payment Trends Impacting Asia in 2024

Fintech News

The Asian payment landscape is evolving rapidly in 2024, driven by advancements in technology, changing regulatory frameworks, and shifting consumer behaviours. This evolution presents a fascinating panorama of trends that are set to redefine the way financial transactions are conducted. Let’s delve deeper into these payment trends in Asia transforming the ecosystem. 2024 trends indicate that regulatory changes are playing a crucial role in shaping the payments landscape in Asia.

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UK Government Unveils New Cyber Threat Guidelines as 32% of Firms Suffer Attacks in Past Year

The Fintech Times

Cyber threats should be prioritised as a key business risk like financial and legal challenges, the UK government has urged as it releases new guidelines to help directors and business leaders boost their cyber resilience. Aimed at executive and non-executive directors and other senior leaders, the new Cyber Governance Code of Practice guidelines aim to ensure that cyber threat issues are a key focus for businesses, putting them on an equal footing with other threats like financial and legal pit

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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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Klarna directs users to financial management tools with revival of Money Story

Finextra

Without any trace of irony, Klarna is reviving a feature which enables customers to look back on their personal spending history over the past year and get nudges to better money management tools in the app.

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Payments companies’ job cuts may not be done

Payments Dive

PayPal, Block and Brex all started cutting employees in January in pursuit of efficiency and profits.

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WeLab’s Bank Saqu Onboards 300K Users in Indonesia Within 2 Months of Launch

Fintech News

Bank Saqu, a newly launched Indonesian digital bank, has raked up 300,000 users within the first two months of its operation. The digital bank, a joint venture between Hong Kong’s WeLab and Astra Financial, was introduced in Indonesia as part of WeLab’s expansion in digital banking across Asia. Simon Loong The development was shared by WeLab’s Founder and Group CEO Simon Loong who said that “it took 40% less time to reach from 200k to 300k new customers compared to the la

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PayPal Ventures Invests in Mesh

PayPal

PayPal Ventures' investment helps to reinforce Mesh's position as a leading player in embedded finance and highlights PayPal's commitment to fostering innovation in the digital payments landscape.

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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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Mastercard supercharges fraud detection with GenAI

Finextra

Mastercard is turbocharging its fraud detection technology with generative AI that can scan a trillion data points to predict whether a transaction is likely to be genuine or not.

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What next for payments in SaaS: Interview with Jack Mangnall

Fintech Review

Shape Technologies is revolutionizing the payments industry with its cutting-edge payments-platform-as-a-service, designed to empower payment service providers globally. Fintech Review sat down with Jack Mangnall, Cofounder of Shape Technologies, a dynamic player in the fintech space. Jack, with his extensive experience in client-facing operations and strong focus on innovative fintech solutions, has played a pivotal role in identifying technology gaps in the payments sector and addressing them

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DigiFT, Onfet, and Tranchess Drive Launch of the Digital Assets Association

Fintech News

Today marks the official launch of the Singapore-based Digital Assets Association (DAA), a new international organisation aimed at promoting the responsible development and integration of institutional digital assets. The DAA seeks to unite various sectors, including financial institutions, fintech companies, technology providers, and legal and regulatory experts, to address the evolving landscape of tokenised real-world assets.

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Legislative Insanity: Don’t Let Congress Ignore the Facts About the Durbin-Marshall Credit Card Bill

Electronic Payments Coalition

Insanity is doing the same thing over and over again but expecting different outcomes. Nearly 15 years since Congress imposed new mandates on your debit card, Senators Dick Durbin and Roger Marshall are trying to do the same thing to American’s credit cards. Report after report has resoundingly proven that government routing mandates on card payments hurt consumers, small businesses, and community financial institutions.

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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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Unmasking Digital Threats: The Dual Threat of Anonymity in Cybersecurity Breaches and Financial Scam

Finextra

The surge in cybersecurity breaches and financial scams presents a significant challenge and it is a.

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The Growth of Neobanks and the Impact on Payments

Clearly Payments

The banking landscape is undergoing a transformation, driven by the emergence of neobanks. These digital-only banks are challenging the traditional financial institutions by offering products and services that cater to the needs of tech-savvy consumers. In this article, we will explore the growth of neobanks in Canada and the USA, and examine their impact on the payments industry.

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Top Funded Fintechs in Singapore 2024

Fintech News

Singapore is often considered fertile ground for startups and in particular fintechs to raise funds. In the first half of 2023, fintech companies in the country secured a total of US$934 million in funding across 84 deals, a far cry from the US$3.3 billion raised during the same period the prior year. Therefore it is not surprising that the top funded fintechs in Singapore in 2024 are also often the top funded fintechs in Southeast Asia.

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The Role of Generative AI in the Banking Industry: A Call for Cautious Exploration

Fi911

The advent of generative AI (or “Gen AI”) presents a remarkable transformation opportunity for the banking sector in 2024. This cutting-edge technology holds the potential to reshape the financial industry. However, it’s important to acknowledge the cautious stance adopted by financial institutions as they navigate this uncharted territory. While the promises of Gen AI are significant, there’s a looming concern about scammers exploiting this technology.

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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.