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Payment trends in Asia are changing how businesses and people transact from the digital-first economies of China and Singapore to the quickly changing markets of Indonesia and Vietnam. The shift toward digitised payments brings heightened concerns about cybersecurity, fraud, and regulatorycompliance.
With digital payments becoming the norm, financial institutions are under pressure to modernise—and Bottomline is helping them do just that. A Q&A with Rotzer shares some insights on the company’s approach, combining technological innovation with a focus on regulatorycompliance and operational efficiency.
PingPong , the world-leading provider of embedded cross-border payment solutions for enterprises, today announces it will be using Form3 ‘s Verification of Payee (VoP) solution for SEPA account validation, giving PingPong a competitive edge by implementing compliance measures five months ahead of the October go-live date.
one of Europe’s leading financial services providers, reveals digital wallets and Open Banking as pivotal forces set to transform the payments landscape in 2025. The findings reflect an industry-wide shift toward faster, more adaptable payment methods that meet consumer expectations in an increasingly digital economy.
Fintech Galaxy , a regional leader in Open Banking and financial innovation, and ProgressSoft , a global provider of real-time payment solutions, have partnered to fast-track Open Banking adoption and regulatorycompliance across MENA.
APIs have played a central role in the digital evolution of banking. Initially, APIs were point-to-point connectors to enable simple integrations; with rapid innovations, they have now matured into a foundational layer supporting a wide range of use casesfrom customer onboarding and loan origination to card issuance and fraud detection.
Brankas , an open finance platform provider, has partnered with Vietnam-based technology firm Gimasys to deliver open banking solutions for the country’s financial sector. The partnership comes as the State Bank of Vietnam introduces new requirements for open APIs. ” Todd D.
For companies looking to scale, Independent Software Vendors (ISV) are a crucial tool that provides specialized software solutions that integrate seamlessly with existing business tools. ISV integrations offer numerous advantages, from improved functionality to a superior customer experience. The Benefits of ISV Integrations 1.
Embedded finance is rapidly changing the way consumers and businesses alike interact with financial services. As traditional banking processes are replaced by more integrated financial solutions, companies across industries are embedding payment processing, lending, insurance, and investment services directly into their platforms.
Fintech Galaxy , the open banking infrastructure provider founded in the UAE, is partnering with ProgressSoft , a real-time payment solution provider, to accelerate open banking adoption and regulatorycompliance across the Middle East and North Africa (MENA).
Payroc WorldAccess, LLC a leading North American merchant acquirer and payment technology provider, today announced the signing of a definitive agreement to acquire BlueSnap, a Boston-based global payment orchestration and AR automation platform. Real-time dashboards and out-of-the-box workflows simplify billing and collections.
Businesses can now leverage AstroPay’s established connections to multiple local and international payment schemes, along with its multicurrency wallet, card issuing capabilities, and regulatorycompliance framework across multiple jurisdictions. This is just the beginning, with many more markets and rails on the horizon.
From digital payments to decentralised finance (DeFi), these companies are solving real-world challenges like financial inclusion and cross-border transactions, while setting new global standards for innovation. billion payments Coda 2.5 billion payments, gamification Airwallex 5.5 billion payments Coda 2.5
In practice, this means banks expose certain data (like account balances or transaction history) through open APIs, but only when you, the customer, give consent. The result was an explosion of fintech apps offering budgeting, lending, payments, and investment services that leverage multiple banks’ data. Open Finance says: why not?
Trulioo , an industry-leading identity platform with proven global coverage for person and business verification, today announced its partnership with Trust Payments , one of Europe’s fastest-growing payment technology providers. The company meets rigorous EU and U.K.
AstroPay Platform is now open to all businesses, offering the same embedded finance infrastructure that powers its consumer wallet. It’s a turnkey financial backend: the licensed, compliant, payment-connected infrastructure already proven across dozens of markets and payment systems.
From India’s explosive usage rates to JPMorgan’s $18B tech investment, the article explores where generative AI is making the deepest impact—and what it means for the future of finance. A PYMNTS report in 2024 found 72% of finance leaders at banks say their departments utilize AI technologies in some form. specific insights include: 1.
Home Announcements Payments AstroPay launches platform to let companies embed financial services External This content is provided by an external author without editing by Finextra. It’s a turnkey financial backend: the licensed, compliant, payment-connected infrastructure already proven across dozens of markets and payment systems.
Digital wallets, open banking and instant bank transfers are set to become the main forces transforming the payments landscape in the coming year, according to new research by payabl , the European financial service provider. As Europe’s SEPA Instant payment deadline approaches on 9 January 2025, industry readiness remains uncertain.
Banking was singled out as leading all industries in GenAI integration, with the most use cases deployed per organization (on average). First-Mover Advantage: Banking’s AI Head-Start Banking (often grouped with finance/insurance) figures prominently among the industries with the highest AI adoption.
Marqeta is not just another payments company. By offering flexible, developer-friendly infrastructure, Marqeta empowers companies to launch, control, and manage customisable payment cards at scale. Marqeta set out to solve these problems by building a flexible API platform for issuing physical and virtual cards on demand.
Supply Chain Finance (SCF) offers a flexible solution to optimize working capital and support growth. Globally, the supply chain financing market is projected to reach USD 13.4 Modern day credit tech stack could revolutionize Supply Chain Financing, streamlining processes and enhancing financial mechanisms. billion by 2031.
Eastnets , a global leader in compliance and payments solutions, has launched its Managed SWIFT Service on AWS Cloud. Integratedpayment hub for advanced processing and workflow automation with ISO 20022 translation, duplicate detection, transaction monitoring and fraud prevention.
In recent years, the payments market has been marked by continuous dynamism, driven by disruptive innovations and the emergence of new paradigms based on open models. In this regard, over the years, CBI has developed several open banking and open finance services.
The Convergence of Modernization Drivers Regulatory Complexity and Compliance Burden Modern financial regulations demand system agility that legacy platforms cannot deliver. Open banking mandates, real-time payment requirements, and evolving data privacy regulations require architectures built for adaptability, not just stability.
However, rapid growth brings challenges including scaling operations, ensuring regulatorycompliance and maintaining robust IT infrastructure. These facilities offer flexible, scalable solutions with high availability, security and built-in regulatorycompliance, eliminating the burden of managing an entire data centre.
How payments are settled—that is, the currency in which funds are ultimately received—has profound implications for liquidity management, risk exposure, and treasury operations. Offering Multiple Payment Methods to Increase Conversion Merchants often provide several payment options to meet customers’ preferences and boost sales.
Vixio , a leading provider of regulatory intelligence solutions, is proud to announce that it has been named the winner of the Best RegTech Solution award at the prestigious Merchant Payments Ecosystem (mpe) Awards 2025 at the gala ceremony which took place as part of its annual conference in Berlin last week.
Borrowers can now apply for loans, track progress, and make payments through digital platforms and mobile apps, eliminating the need for physical branches and banking hours. By establishing an immutable and distributed ledger of loan transactions, blockchain offers tamper-proof records and simplifies loan payment tracking.
Mastercard today announced that Asia Pacific banks and fintechs can onboard to its network up to four times faster and streamline the launch of payment tools via Mastercard Cloud Edge, its cloud-based connectivity solution, offered in collaboration with cloud providers, including Amazon Web Services (AWS), an Amazon.com, Inc.
However, as the industry flourishes, so inevitably do the risks ranging from fraud to late payments. Affirm has introduced dynamic payment schedules in the US, while Riverty in Germany uses AI-driven tools to predict user behavior and optimize repayment plans. on an annual basis to reach US$560.1 billion in 2025.
He joins from Continental Finance and has held senior roles at RDC, AML RightSource, Forbes and Merrill Lynch. Singapore-based cash management platform Chocolate Finance has partnered with Snowdrop Solutions to enrich transaction data in its app, helping users better understand their spending.
Subscribe to FinTech Weekly's newsletter Read by executives at JP Morgan, Coinbase, Blackrock, Klarna and more Application programming interfaces (APIs) are crucial to how fintech platforms work. Separate banking and financial systems need efficient and standardized ways to communicate with each other, which APIs provide.
The UK governments decision to scrap the Payment Systems Regulator (PSR) and merge its functions into the Financial Conduct Authority (FCA) has divided opinion across the financial sector. The PSR had outlived its usefulness Tony Craddock, director general, The Payments Association Some see it as a long-overdue correction.
Now picture a back-office specialist who predicts settlement failures, flags reconciliation breaks, updates static data across systems, and ensures regulatorycompliance—all without human intervention. With real-time data and scalable computing, finance is emerging as their next frontier. Too good to be true, right? Think again.
Industry hires Guavapay, a provider of end-to-end payment solutions headquartered in London, UK, appoints Guy Noble as its new CEO for Guavapay UK. PayFuture , the payments technology platform connecting global businesses with emerging markets, has appointed Praful Morar as deputy CEO. This expands a relationship which began in 2014.
The combination is designed to help clients in the financial services sector and adjacent regulated industries to navigate increasingly complex compliance and risk environments - providing an industry-first data driven end-to-end regulatorycompliance and risk management platform.
How can banks update their approach to APIs, digital experiences, data insights, and the wider banking platform? How can these modern tools be integrated into existing systems? What key technological innovations should banks be investing in? The phrase "core modernisation" has become outdated.
” Data-driven advice Phil McGriskin , co-founder and CEO of Vitesse , a global treasury and payments provider for the insurance industry, shares some data highlighting the challenges facing insurance firms, and offers some advice. This includes everything from fast, transparent claims handling to modern payment experiences.
Regulatorycompliance risks : Financial institutions operate under strict regulatory frameworks that require model transparency and fairness. RegulatoryCompliance and Documentation Maintain detailed logs of model performance, drift detection results and the remediation actions taken.
When digitally signed, their authenticity and integrity can be verified without manual intervention. Whether embedded in enterprise systems (such as ERP, HR, and CRM) or integrated via suitable protocols, these agents make credential use seamless for businesses.
Integration Challenges: A Complex Undertaking: Integrating data from multiple sources can be incredibly complex and time-consuming. Organizations may lack the necessary infrastructure, skills, or resources to effectively integrate data across silos.
By integrating endpoint data into their strategies, financial institutions not only comply with stringent regulatory demands but also strengthen their overall resilience. In summary, experience-level data has evolved from a luxury to a critical necessity for operational resilience and regulatorycompliance in financial services.
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