The Payments Association

OCTOBER 22, 2024

What is this article about? New UK regulations requiring payment firms to refund fraud victims up to £85,000 within five days Why is it important? It aims to protect consumers from authorised push payment (APP) fraud but raises concerns about the adequacy of protection for larger fraud cases. What’s next? Financial institutions must adopt AI-driven solutions and collaborate closely to proactively combat evolving fraud threats.

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Basis Theory

OCTOBER 22, 2024

Understanding the different PCI compliance levels is the first step to reducing the challenges they might bring to your organization.

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Finextra

OCTOBER 22, 2024

Consumers in the US will be given the right to instruct their banks to transfer their financial data to other institutions, under new open banking rules devised by the Consumer Financial Protection Bureau.

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Fintech News

OCTOBER 22, 2024

Indonesia’s Financial Services Authority ( OJK ) has revoked the business license of PT Investree Radhika Jaya ( Investree ), a peer-to-peer lending platform. The decision was made due to Investree’s failure to meet minimum equity requirements and other regulatory provisions. The company also experienced operational difficulties and declining performance that impacted its services.

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Speaker: Jennifer Wright and Nick Barron

2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt

Best Practices

Finextra

OCTOBER 22, 2024

CardFlight (or the “Company”), a leading SaaS payment technology company, announced today that it has received a significant minority investment from WestView Capital Partners (“WestView”), a Boston-based growth equity firm focused on partnering with middle-market companies.

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Fintech Finance

OCTOBER 22, 2024

dLocal , the leading cross-border payment platform specializing in emerging markets, today announced its strategic partnership with USI Money , a prominent foreign exchange provider and money transfer operator. The Financial Stability Board highlights that high costs, slow speeds, and limited access are significant challenges in cross-border payments, particularly in emerging markets.

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Fintech Finance

OCTOBER 22, 2024

TBC Bank Uzbekistan (TBC UZ), the country’s largest mobile-only bank, announces its long-term strategic partnership with Visa, set to broaden and expand its global payments and money transfers infrastructure. TBC UZ is part of TBC Uzbekistan, a leading digital banking ecosystem in Central Asia serving 16 million unique registered users. This collaboration with Visa lays the groundwork for introducing Visa cards and additional payment solutions via Visa Direct, a payments platform enabling fast

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Finextra

OCTOBER 22, 2024

Chainlink announced today the results of an industry initiative that harnesses the combined advancements in AI, oracles, and blockchain technology to address the lack of real-time and standardized data around corporate actions.

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Fintech Finance

OCTOBER 22, 2024

MeaWallet , a leading digital payments enabler specialising in card tokenization, proudly announces its partnership with Toqio , a leading technology platform for B2B embedded finance for businesses, to enhance its digital card capabilities for corporate customers in the UK and Spain. The partnership enables Toqio to expand its tokenisation services and integrate push provisioning technology into its card offering, meaning its corporate customers in the UK and Spain can now adopt and distribute

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Finextra

OCTOBER 22, 2024

Regulators must define a “minimum set of data” to be shared between banks that would still “serve the purpose” of fraud detection and prevention, said Michele Gentile, head of group correspondent banking, APAC, UniCredit, at Sibos today.

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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.

Payments

Fintech Finance

OCTOBER 22, 2024

Canva , a global visual communication platform , has formed a partnership with EBANX , a global technology company specializing in payment services for emerging markets. The SaaS giant is aiming to grow in Latin America by providing local payment options for the customers. The payments strategy intends to increase digital inclusion in the region and includes local cards and alternative payment methods, such as Pix, the Brazilian instant payment phenomenon that is about to offer recurring feature

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Finextra

OCTOBER 22, 2024

In an interview with FinextraTV in the lead-up to Sibos 2024 in Beijing, China, Ainsley Ward, Vice President Payments Solutions, CGI, explores the topic of instant mandates and the implementation of Verification of Payee (VoP) across Europe. Cross border real time payments as a concept presents a new era of opportunity for the financial services industry because infrastructure is at a point where it can support this form of money movement and nearing the end of the ISO 20022 rollout in November

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Fintech Finance

OCTOBER 22, 2024

Arab Financial Services (AFS) , a pioneering digital payments solutions provider and fintech enabler in the Middle East and Africa, has raised $50 million in capital. This strategic investment, approved by AFS shareholders at an Extraordinary General Meeting earlier this year, will significantly enhance the company’s financial position and catalyze its ambitious growth plans.

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Finextra

OCTOBER 22, 2024

Noda, a leading provider of open banking, is thrilled to introduce Pay & Go, a solution designed to streamline the user journey for merchants who require registration, KYC verification, and payment processing.

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Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes

Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.

Continuity

Fintech Finance

OCTOBER 22, 2024

A banking loophole leaving account holders vulnerable to fraud can be closed by a groundbreaking development merging open banking with Direct Debit sign up. The innovative SmarterPay Secure Signup service from the independent Hull-based payment solutions provider for businesses, slams the door shut on fraudsters using account takeover to drain bank accounts.

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Finextra

OCTOBER 22, 2024

Nium, the leading global infrastructure for real-time cross-border payments, is thrilled to announce its strategic partnership with Doha Bank, a premier financial institution in Qatar.

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Fintech Finance

OCTOBER 22, 2024

Chargebacks911 —the world’s leading chargeback technology platform—is building on the strong momentum for diversity and inclusion in FinTech in 2024, as it seeks to recruit new female mentors and mentees for its sister brand Fi911’s LIFT: Empowering Women in Fintech micro-mentorship programme aimed at helping women break into and excel in the finance, technology, and payments sectors.

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Finextra

OCTOBER 22, 2024

A series of tough questions greeted a room of just-arrived attendees to AFP in Nashville, Tennessee before the keynote address from Malcolm Gladwell who delved into weighty matters, exploring anecdotes and examples from his new book Revenge of the Tipping Point.

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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.

AI

Fintech Finance

OCTOBER 22, 2024

Thunes , the Smart Superhighway to move money around the world, today announced the launch of its revolutionary QR Code Payments solution. This innovation allows Members of the Thunes’ Direct Global Network – including mobile wallets, neo-banks, and banks with mobile capabilities – to connect directly to China’s QR code payment systems operated by the Digital Currency Institute (DCI) and NetsUnion Clearing Corporation (NUCC).

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Neopay

OCTOBER 22, 2024

Fraud remains one of the biggest challenges facing the UK’s financial sector. The latest UK Finance Fraud Report for the first half of 2024 reveals both alarming trends and hopeful progress. As criminals continue to evolve their tactics, businesses and consumers alike must stay vigilant. At Neopay, we focus on helping businesses maintain compliance while implementing strong preventative measures.

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Fintech Finance

OCTOBER 22, 2024

Nium , the leading global infrastructure for real-time cross-border payments, is thrilled to announce its strategic partnership with Doha Bank , a premier financial institution in Qatar. This collaboration marks Nium’s inaugural partnership in Qatar, underscoring its commitment to revolutionizing the landscape of international payments. Central to this collaboration is the commitment to offer fast, reliable, and cost-effective remittance services to residents of Qatar.

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Finextra

OCTOBER 22, 2024

Tuum, a leading next-generation core banking provider, today announced a collaboration with Google Cloud to enhance the scalability, security, and performance of digital banking services across Europe, the Middle East, and Africa (EMEA).

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Advertisement

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.

Payments

Fintech Finance

OCTOBER 22, 2024

Temenos today launched a SaaS enterprise service for cross border payments, empowering Payment Service Providers (PSPs), including banks, electronic money institutions (EMIs) and fintechs, to swiftly launch and lower the cost of cross border payment services. Temenos Cross Border Payments Enterprise Service is for any organization currently supporting or seeking to support cross border payment flows.

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Finextra

OCTOBER 22, 2024

Pipe, a fintech company partnering with software platforms to deliver embedded financial solutions for SMEs, and bank payment company GoCardless today announced a partnership to reshape capital access for UK businesses.

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Fintech News

OCTOBER 22, 2024

Banking software provider Temenos has introduced a new service designed to make cross-border payments faster and more affordable. The Temenos Cross Border Payments Enterprise Service is available to banks, Payment Service Providers (PSPs), electronic money institutions (EMIs), and fintechs. It is designed to help organisations meet industry requirements and align with the G20’s goals for faster, lower-cost, and more transparent international payments by 2027.

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Finextra

OCTOBER 22, 2024

Tenity is pleased to announce its follow-on investment in Automated Data, a pioneering platform addressing the financial services industry’s critical challenge of fragmented and siloed data.

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In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

End User

Fintech Finance

OCTOBER 22, 2024

TerraPay , a global leader in cross-border money movement, has announced a strategic partnership with Tenpay Global , Tencent’s cross-border payment platform renowned for its innovative financial services through the Weixin ecosystem. This collaboration will enable international transfers directly to Weixin Pay users in China, reinforcing TerraPay’s commitment to delivering seamless, secure, and efficient remittance solutions.

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Finextra

OCTOBER 22, 2024

TBC Bank Uzbekistan (TBC UZ), the country’s largest mobile-only bank, announces its long-term strategic partnership with Visa, set to broaden and expand its global payments and money transfers infrastructure.

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Fintech Finance

OCTOBER 22, 2024

HSBC have launched a new cross border e-commerce payment solution for banks worldwide, enabling their merchant business customers trading on e-commerce sites to seamlessly receive EUR and GBP payments via their local bank account. Prior to HSBC’s introduction of this virtual account solution, businesses in certain jurisdictions were only able to access EUR and GBP funds using cross-border payments at greater cost to e-marketplace platforms and merchants, due to additional fees and FX rates.

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Finextra

OCTOBER 22, 2024

TerraPay, a global leader in cross-border money movement, has announced a strategic partnership with Tenpay Global, Tencent’s cross-border payment platform renowned for its innovative financial services through the Weixin ecosystem.

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Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.

Embedded Finance