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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.
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.
Global payments infrastructure provider Nium has launched Nium Verify, a real-time bank account verification service available in 50 markets. This helps to reduce payment failures, operational inefficiencies, and compliance risks in cross-border payments. ” said Alex Johnson, Chief Payments Officer at Nium.
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. ” — Riyadh Al Zamil, Chairman of Fintech Galaxy’s Board of Directors.
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.
The fintech unicorns in Asia are moving to reshape the very fabric of how people and businesses interact with money. 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.
In 2025, payments firms must prioritise compliance, open banking expansion, and stablecoin readiness to navigate regulatory shifts and drive growth. With regulatory scrutiny at an all-time high, payments firms must keep pace with evolving regulations to avoid financial penalties and reputational risks.
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.
RT2: Renewed real-time gross settlement marks transformation for UK payment providers 9 June 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? RT2, the UK’s new Real Time Gross Settlement service, and its transformative impact on the payments ecosystem. Why is it important?
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).
The partnership comes as the State Bank of Vietnam introduces new requirements for open APIs. Brankas brings its open finance infrastructure and security expertise, while Gimasys contributes deep local market knowledge and experience integrating core banking systems. ” Todd D.
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.
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.
Kazakhstan Sets Open API-Driven Strategy Towards 2025 Goal Open Banking stands at a critical juncture in early 2024 with markets both big and small set to start or continue their journeys. Regulator-led Pilot Focused on Open API Infrastructure Our pilot launched on Nov.
In the final quarter of 2024, Aleph , the technology-driven solutions provider enabling the growth of global digital marketing, announced the acquisition of LocalPayment , a fast-growing payment service provider (PSP) in Latin America (LatAm), to bring together local payment capabilities with digital advertising solutions.
The collaboration will help banks, fintechs, and financial institutions enhance fraud prevention without compromising the user experience. The integration of Sumsub’s compliance solutions will help financial institutions deal with the growing threat of fraud and financial crime.
Worldline [Euronext: WLN], a global leader in payment services, has signed a contract with Anadolubank Nederland N.V. for its cloud-based instant payments solution. This partnership will enable Anadolubank to seamlessly comply with the new EU Instant Payments regulation.
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.
However, rapid growth brings challenges including scaling operations, ensuring regulatorycompliance and maintaining robust IT infrastructure. For fintech startups, navigating these complexities without in-house expertise can lead to inefficiencies and risks. billion in the first half of 2024 , defying a global downturn.
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.
As 2024 draws to a close, it’s been an eventful year for the payments industry, marked by rapid innovation, unexpected challenges, and evolving consumer expectations. Experts at Aevi , the in-person payment orchestration firm, share their key takeaways, lessons learned, and perspectives on the trends shaping the future of paytech.
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.
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. It is offered by the payers PSPs to their users, both for domestic and cross-border payments in euro.
The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Tuesday 18 March 2025. 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. This expands a relationship which began in 2014.
Mastercard Cloud Edge, a cloud-based connectivity solution, created by payments giant Mastercard and cloud providers, including Amazon Web Services (AWS), will now enable Asia Pacific banks and fintechs to streamline the launch of payments tools as said financial institutions can now onboard onto Mastercard’s network up to four times faster.
Coinbase announced plans to launch Coinbase Business , a crypto operating account designed to help small businesses send, receive, and manage crypto payments with no fees. APY, and integrations with QuickBooks and Xero to streamline crypto-powered financial workflows.
Marqeta is not just another payments company. It is one of the key enablers of fintech, marketplaces, and digital platforms. By offering flexible, developer-friendly infrastructure, Marqeta empowers companies to launch, control, and manage customisable payment cards at scale. The Marqeta Platform: Products and Capabilities 1.
PayTabs Group , MEASA’s award-winning payment solutions powerhouse today announced it has partnered with Open Banking and financial innovation entity, Fintech Galaxy. PayTabs offers an expansive ecosystem with unique capabilities and global outreach, inviting fintech and financial institutions to tap into open banking’s potential.
Payment Rails is making its official step into the cross-border payments market through the launch of its application program interface (API) and payment platform, the company said Thursday (Dec. Artificial intelligence ensures regulatorycompliance and fraud protection.
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. Embedded finance is rapidly changing the way consumers and businesses alike interact with financial services.
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.
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.
There are a handful of topics that seem to be dominating the conversation in fintech as we wrap up 2024, and here’s what you’ll need to know as we head into 2025. What you need to do about it: Organizations operating in payments should investigate the costs and benefits of integrating stablecoins into their offerings.
As banks adapt to these transformative forces, attendees gain insights into innovative strategies, regulatorycompliance, and customer-centric approaches that will define the future of banking.
This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. BaaS enables non-banking institutions to connect with banks via APIs, to offer services traditionally restricted to licensed and fully-regulated banks.
The Singapore Fintech Festival (SFF) has announced the finalists for its 2024 Fintech Excellence Awards, organised in partnership with the Singapore Fintech Association (SFA) and supported by PwC Singapore. The company replaces traditional B2B payment methods (e.g. Four finalists were shortlisted in each category.
Looking to provide data consolidation and payment initiation services, PayTabs Group , the MENA based paytech has partnered with open banking firm, Fintech Galaxy. This partnership combines PayTabs payment orchestration infrastructure with Fintech Galaxy and its open banking capabilities to deliver solutions for SME’s and enterprises.
A Payment Orchestrator is a service that enables businesses to manage and optimize their payment processing by connecting to multiple payment providers and processors through a single platform. Core Functions of a Payment Orchestrator Here we’ll cover the core functions that drive the core value of payment orchestrators.
Digital payments are transforming global financial systems, reshaping how individuals and businesses transact. In the fintech space, digital payments represent a major driver of innovation. By integratingpayment solutions directly into non-financial platforms, companies can offer seamless user experiences.
They must navigate a web of challenges ranging from cyber threats and regulatorycompliance to the intricacies of global supply chains. Supplier risk, cyber risk, and regulatorycompliance, such as Know-Your-Customer (KYC) and anti-fraud, now play a big role in business decisions.
ComplyTek introduces an advanced transaction screening solution for instant payments , designed to ensure compliance and mitigate fraud within the critical 10-second processing window. Pre-Payment Security : Device fingerprinting, biometric authentication, and real-time monitoring to prevent identity fraud and account takeover.
Location Joburg Followers 5 Opinions 22 Follow Unfollow Open Banking has moved from regulatory idea to industry reality, driving transformation by enabling secure, permissioned data sharing between financial institutions and third-party fintechs. In fact, one can think of Ethereum smart contracts as public APIs for financial logic.
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.
Throughout June, The Fintech Times has focused on all things insurtech, from the sector’s biggest emerging trends, to the features still lacking that customers are asking for. “Preparing for tomorrow means integrating finance, claims, and treasury into a more intelligent, connected operating model.
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