The Fintech Times
MAY 18, 2024
Crypto exchange, Binance has played a massive part in solving a major crypto-assisted money laundering case in Taiwan involving nearly NT$200million (approximately US$6million). The crypto exchange’s Financial Crimes Compliance (FCC) department collaborated with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office in the case.
Finextra
MAY 18, 2024
On 4 April, Ripple announced its plan to launch its own stablecoin, next to XRP, pegged 1:1 to the.
Fintech News
MAY 19, 2024
Mastercard and Salesforce have announced a new integration aimed at enhancing the transaction dispute process. This collaboration seeks to provide consumers with a safer and more efficient shopping experience by streamlining the resolution of transaction disputes and reducing associated costs. The new integration will combine Salesforce’s Financial Services Cloud (FSC) with Mastercard’ s dispute resolution services, including Ethoca Alerts and Ethoca Consumer Clarity.
Finezza
MAY 19, 2024
In loan servicing and commercial lending, it is essential to efficiently manage paperwork, cash flow analysis, and other time-consuming tasks. Since loan administration requires excellent precision, timeliness and accuracy are essential. Typically, manual and ineffective management is observed, particularly in companies whose primary business isn’t corporate lending, like intent company loans and ancillary financing.
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The Fintech Times
MAY 19, 2024
The American Fintech Council (AFC), the industry association representing fintech firms and innovative BaaS banks, is joining forces with private equity firm Raido Capital Partners. Known for its expertise and experience in the fintech ecosystem, Raido Capital Partners will now collaborate with members of the American Fintech Council , providing insight and thought leadership.
Finextra
MAY 19, 2024
Kudos has raised $10.2 million in a Series A funding round led by QED Investors for its AI-powered smart wallet and shopping assistant.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
The Fintech Times
MAY 18, 2024
Eurosystem , the monetary authority of the eurozone, has been exploring the possible use cases of distributed ledger technology (DLT) to conduct wholesale settlement in central bank money. It has now completed its first experiment using DLT, giving the monetary authority a glimpse into the potential merits of the tech. Over the next six months, onboarded companies will conduct trials and experiments on three Eurosystem interoperability-type solutions proposed for central bank money settlement of
The Fintech Times
MAY 18, 2024
Although news emerged last week that the UK has exited recession, the cost of living crisis continues to have a very real impact on the lives of most. Now, UK adults are increasingly turning to prepaid cards and adjusting their spending habits to avoid debt, prepaid payment firm Recharge has revealed. A survey of 2,000 UK adults, conducted by research firm Opinium for Recharge, found that 21 per cent of Brits (equivalent to around 11.4 million) use prepaid cards, a 118 per cent increase since th
The Fintech Times
MAY 19, 2024
Over three million people across the UK may have been forced to borrow from illegal lenders in the last 12 months, according to new research from responsible lender Creditspring. A third (31 per cent) of people in the UK currently feel stuck and feel there is nothing they can do to improve their financial situation, Creditspring revealed. This situation has led to six per cent of UK adults borrowing from illegal lenders in the past 12 months alone.
Finextra
MAY 19, 2024
Half of young Brits have been left frustrated after finding their local branch closed when they needed it, according to research from Nationwide.
Speaker: Jason Cottrell and Brian Walker
Brands used to look for a commerce platform that could do everything. But over time, one vendor was no longer enough to meet a brand’s needs, so they added, and added, and added— and now it's essential that these vendors work well together. That’s composable, and it’s important to get it right. Customers and your board expect you to be in new channels and to adapt quickly to market change.
Fintech News
MAY 19, 2024
Data monetization in the banking sector has become increasingly prevalent in recent years, driven by evolving customer expectations, new data sharing rules and opportunities for new revenue streams. Twimbit, a Singaporean research and advisory firm, identifies data monetization as one of the biggest growth opportunities for banks in Asia-Pacific (APAC), which, alongside super-app platforms, financial marketplaces, banking-as-a-services and buy now, pay later (BNPL) arrangements, are projected to
The Fintech Times
MAY 18, 2024
US-based Commerce Bank has officially gone live with FedNow on Temenos Payments Hub delivered as Temenos SaaS, enabling real-time payments on the secure, scalable and continuously updated platform. The go-live with the FedNow service on the Temenos platform marks an additional milestone in the Commerce Bank modernisation strategy, progressively moving off legacy systems to a consolidated, future-ready, cloud-native platform.
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