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This powerful combination directly fueled our record growth, and our technology-driven operating model translated this into record profitability.” The post Revolut Posts US$1 Billion Profit for 2024, Singapore Marks Profitability Milestone appeared first on Fintech Singapore.
Mambu, a leading cloud banking platform, has announced the acquisition of Numeral , a French payment technology provider for banks and fintechs. The post Mambu Acquires Payment Technology Provider Numeral, Bolstering Its Market Position to Target New Growth Opportunities appeared first on FF News | Fintech Finance.
Eltropy has acquired collections technology provider Lexop for an undisclosed amount. Eltropy will integrate its AI-powered communication solution with Lexop’s compassionate debt resolution technology to help community financial institutions streamline collections, reduce delinquencies, and improve borrower experiences.
With a GDP per capita exceeding $3,100, higher than that of many South Asian neighbours, the country has resisted rapid technological adoption. Despite its historical lag in technology adoption, recent years have seen significant government efforts to expand ICT and telecommunications infrastructure.
Payments-as-a-Service firm Volante Technologies has launched a new solution to offer financial institutions visibility and operational control over their payments business. The post New Volante Technologies Launch Helps Banks Optimise Operational Efficiency and Track Performance appeared first on The Fintech Times.
Hans-Peter Weber, CEO at Secupay commented: “As regulated payment institution, we needed a trusted partner to enable us access to the latest technology to ensure the fast and reliable processing of cards designated for vital supplies to refugees. Our highly configurable platform can be adapted to accommodate any requirement.
Over three million migrant workers living in Malaysia will now be able to remit funds to their home countries in local currencies in near real-time, following a new partnership between Instapay Technologies , the digital payment platform, and payment juggernaut, Mastercard.
Fraud detection faces new challenges with advanced technologies like generative AI enabling more complex scams. Alteryas technology has reportedly helped reduce fraud by 60% for some crypto exchanges while improving operational efficiency. This acquisition follows Chainalysis’s recent purchase of Hexagate, a Web 3.0
We remain committed to our goal of helping SMEs efficiently engage in global trade and enhance their competitiveness on a worldwide scale through technology. The post XTransfer Gets Green Light for Singapore Payment License appeared first on Fintech Singapore. said Bill Deng, Founder and CEO of XTransfer.
A new survey of UK temporary recruitment businesses has revealed that inefficient technology and processes are significantly impacting workforce productivity. Three-quarters (74%) of payroll professionals say at least 11 hours per week are wasted due to outdated technology and inefficient workflows.
Morgan, Standard Chartered, and Temasek, Partior uses blockchain technology to enable real-time clearing and settlement. Patricia Sullivan “The payments business is currently undergoing an extensive period of disruption, primarily due to the rapid advancement of technology and drive for greater financial inclusion and transparency.
Its modern architecture incorporates Google Cloud technologies such as GKE Enterprise and BigQuery to optimise scalability and efficiency. ” Tu The Hien, Chief Technology Officer at Cake by VPBank , added, “Technology is the backbone of Cake’s rapid growth.
Swift, the global financial messaging service provider, is collaborating with Google Cloud to develop innovative anti-fraud technologies. The partnership will leverage advanced AI and federated learning techniques combined with privacy-enhancing technologies (PETs) and Trusted Execution Environments (TEEs).
The payment giant responded by deploying its own artificial intelligence and machine learning technologies to detect and prevent fraudulent activity before it could occur, regardless of where or how consumers were shopping. said Paul Fabara, Chief Risk and Client Services Officer at Visa.
OCBC announced that it is the first bank in Singapore to offer intraday institutional lending using blockchain technology. By utilising blockchain technology, the exchange of cash and securities becomes near-instantaneous, a significant improvement over traditional repo markets where the process can take at least one business day.
Saudi Arabia for Information Systems Technology to operate digital payment services via an electronic wallet in the Kingdom. It is worth noting that the electronic payment sector in the Kingdom has witnessed significant growth in recent years, driven by government investments and rapid technological advancements.
The partnership will leverage the combined strength of both the companies to transform the global payment system by deploying amalgamation of AI and blockchain technologies. W Chain and NeurochainAI are working to define payment’s future with brainier systems run by the latest technology.
Underscoring its global ambitions, dtcpay is the first Major Payment Institution (MPI) in Singapore to join the Luxembourg House of Financial Technology (LHoFT). The post dtcpay Announces Shift to Stablecoin-Only Payment Services by 2025 appeared first on Fintech Singapore.
The first location to offer this technology is Alchemist, a café in Singapore. The technology uses a dual-layer security approach that combines palm print and vein recognition, providing accuracy even in challenging lighting. The post Tencent and Visa Roll Out Palm Payment Trial in Singapore appeared first on Fintech Singapore.
Adyen , the global financial technology platform of choice for leading businesses, announces the launch of Adyen Uplift. The post Introducing Adyen Uplift: The Payment Solution Optimizing Every Transaction With AI appeared first on FF News | Fintech Finance. To learn more about Adyen Uplift, click here.
This collaboration transforms the existing technology relationship into a comprehensive partnership that includes an introducer agreement across all Aryza platforms globally. Since becoming a technology partner in 2022, GoCardless has played a vital role in Aryza’s payment solutions.
As part of the collaboration, Checkout.com will integrate its cutting-edge payment technology with noqodis robust digital platform, offering seamless and secure payment solutions. The post Checkout.com and noqodi Collaborate to Revolutionize Payment Services in the UAE appeared first on FF News | Fintech Finance.
BPC has proven to be a reliable technology partner, delivering a robust solution that propels Somalia’s payment ecosystem to a new level.” Providing next-generation technology is vital for enabling safe and efficient payment services.
Lunu Pay’s cutting-edge technology makes crypto payments accessible to retailers by automatically converting digital currencies into euros or other local currencies at the point of payment. The post Lunu Pay Partners With Ingenico to Revolutionise Crypto Payments in Retail appeared first on FF News | Fintech Finance.
PayFuture , a leading global payment technology provider, has launched its operations in Pakistan, creating new opportunities for international businesses to engage with one of South Asia’s most dynamic ecommerce markets.
” The app will use Mastercard’s virtual card and tokenisation technology – replacing a cardholder’s sensitive data with a unique card number. ” The post NatWest and Mastercard Launch Mobile Virtual Card Solution for Business appeared first on The Fintech Times. Virtual cards are a great example.
Crypto.com Pay is a secure and scalable technology, offering our customers yet another innovative way to interact with cryptocurrency – as the future of payments.” Featured image credit: Edited from Freepik The post Millions of Merchants to Accept Crypto Payments via Ingenico and Crypto.com appeared first on Fintech Singapore.
Patricia Haynes, Thredds new Senior Vice President of Platform, is a seasoned technology leader with extensive experience in highly regulated global environments and scaling up technology operations. The post Thredd Strengthens Global Leadership With Strategic Senior Appointments appeared first on FF News | Fintech Finance.
Artificial intelligence (AI) is helping organisations take their offerings to the next level, and reflecting on how it has done so over the last few years for itself, the US based financial institution, Bank of America has revealed that AI is now embedded across multiple business lines and areas including global technology, operations and training.
The mBridge project, initially supported by the Bank for International Settlements (BIS), continues to focus on using distributed ledger technology for efficient cross-border settlements, despite BIS “graduating out” of the four-year initiative.
With this programme, we aim to leverage Swifts existing infrastructure and Ant Internationals experience and technological capabilities in cross-border and digital payments to deliver more convenient and seamless cross-border transaction experiences to merchants of all sizes, all over the world.
Bill Qkr addresses these issues with Mastercard’s tokenization technology, which securely stores card details for recurring payments and allows for quick QR-code-enabled payments for variable bills. Bill Qkr’s launch partners are incorporating the technology to provide smoother payment options in their regions.
By incorporating Kuady’s technology, MeridianBet users in the region will benefit from secure, simple, and efficient payment options. Our focus on speed, simplicity, and security ensures that Kuady continues to set new standards in payment technology across Latin America and beyond.
To achieve this, the airline now offers Hands Ins split payment technology on its website, enabling customers to divide ticket costs between multiple travellers or credit cards at checkout. The post Air Europa Allows Split Payment for Tickets in the Online Purchase Process appeared first on FF News | Fintech Finance.
Patricia Haynes joins as Senior Vice President of Platform, bringing her expertise in technology operations and risk management from roles at Zopa and LexisNexis Risk Solutions. She has extensive experience in highly regulated environments and has worked on AML and compliance technology initiatives. said Jim McCarthy, CEO at Thredd.
With a series of organisational and strategic upgrades in 2024, Ant International , a leading global digital payment and financial technology provider, reported robust growth over the past year among all its four pillar businesses, Alipay+ , Antom , WorldFirst and Embedded Finance. connecting over 90 million merchants in 66 markets to 1.6
With the payments landscape transforming so rapidly, the opportunity to help banks and fintechs modernize their payments infrastructure with Tuum’s cutting-edge technology is what drew me to this role.” The post Tuum Appoints David Abbott as VP, Payments Business Unit and Strategic Accounts appeared first on FF News | Fintech Finance.
Drawing on his deep expertise in payments, commerce, and technology, Alex will deliver PXPs vision of unifying global payments through a single integration, creating a commerce ecosystem that makes business simpler, better, and more connected. Alex will play a key role in shaping and delivering that vision.
By bringing local currencies “onchain,” he said, blockchain technology simplifies onboarding, providing users with seamless access to digital financial systems without requiring them to fundamentally rethink their existing relationship with money.
With Tap to Pay on iPhone at checkout, the merchant will simply prompt the customer to hold their contactless payment method near the merchants iPhone, and the payment will be securely completed using NFC technology. Tap to Pay on iPhone also supports PIN entry, which includes accessibility options.
This move aims to reduce the cost and increase the speed of international money transfers by leveraging blockchain technology. With this step, Xoom and its partners, like Cebuana Lhuillier and Yellow Card, will be able to leverage PayPal’s payment technologies and the blockchain to further enable seamless money transfers across borders.”
Zack Chestnut “The additional markets for which Nium is able to provide data coverage will expand Confirm’s significant global reach even further, providing incremental value to inquiring participants on the network without requiring any incremental technology uplift. ” said Alex Johnson, Chief Payments Officer at Nium.
Post-Independence (1947 - 1990s): Building the Foundation After independence, India focused on strengthening its financial infrastructure and extending banking services. Liberalization and Early Digitization (1990s - 2000s): The Digital Dawn The economic liberalization of 1991 spurred financial sector reforms and the adoption of technology.
” With the majority of company resources invested in product and technology to deliver the highest acceptance rates for merchants, Checkout.com was recognized as a Strong Performer in The Forrester Wave™: Merchant Payment Providers Q1 2024 report , receiving a 5 out of 5 score in the payment performance optimization criterion.
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