June 10, 2024 @ 4:22 pm By Omar Faridi  |  

Pathward, N.A., a national bank with 20 years of payments experience, announced the results of its research on executive perspectives on embedded finance – the integration of financial services into non-financial offerings. The survey of senior U.S. executives reveals that “while embedded finance is widely… Read More

 Tagged embedded finance, Pathward

June 10, 2024 @ 4:20 pm By Omar Faridi  |  

Monex USA, a partner in global payment, corporate FX, and currency risk hedging services, announced plans to integrate with Payments Exchange from Fiserv (NYSE: FI), a global provider of payments and financial technology. This integration will allow financial institutions “that utilize Payments Exchange to work… Read More

 Tagged fiserv, monex, payments

June 10, 2024 @ 4:02 pm By Omar Faridi  |  

The Consumer Financial Protection Bureau (CFPB) finalized a rule outlining the qualifications to become a recognized industry standard setting body, which can issue standards that companies can use “to help them comply with the CFPB’s upcoming Personal Financial Data Rights Rule.” The rule identifies the… Read More

 Tagged cfpb, consumer financial protection bureau, data rights, open banking

June 10, 2024 @ 2:22 pm By Omar Faridi  |  

NPCI International Payments Limited (NIPL) and the Central Reserve Bank of Peru (BCRP) have announced a partnership to enable the deployment of a UPI-like real-time payments system in Peru. This collaboration marks a significant milestone, “making Peru the first country in South America to adopt… Read More

 Tagged international payments, NPCI, peru, upi

June 10, 2024 @ 10:13 am By JD Alois  |  

Last week, Chris Hemsley announced his exit as Managing Director of the Payment Systems Regulator (PSR). Replacing Hemsley is Interim Managing Director David Geale, who takes over today (June 10th). The PSR said that Hemsley was leaving the agency to become a director with Fingleton,… Read More

 Tagged chris hemsley, david geale, payment systems regulator, payments, psr, the payments association, uk, united kingdom

June 10, 2024 @ 8:48 am By Tony Zerucha  |  

This week, Turkish Fintech Papara, announced a partnership with DriveWealth. The union allows Papara’s 20 million users to invest in real-time in U.S. stocks on the Nasdaq and NYSE starting in October. Since 2020, the number of retail investors in Turkey has surged from 1.2… Read More

 Tagged drivewealth, Emre Kenci, investing, Michael Blaugrund, Papara, turkey

June 10, 2024 @ 8:39 am By Omar Faridi  |  

Visa (NYSE: V) recently released a new 2024 Consumer Segment Analysis report unveiling the top digital maturity trends shaping consumers’ financial behavior and how issuers “can keep pace with consumer expectations for seamless, secure digital payments.” Visa’s latest report, in collaboration with Ipsos, provides issuers… Read More

 Tagged digital currency, research, visa

June 10, 2024 @ 8:33 am By Omar Faridi  |  

Revolut, the global fintech with over 8 million UK customers and 40 million globally, is  introducing Wealth Protection, which is described as an extra layer of in-app identity verification, designed to prevent thieves from accessing customer savings within the Revolut app. Wealth Protection will help… Read More

 Tagged revolut, savings, uk, united kingdom, wealthtech

June 10, 2024 @ 6:42 am By Tony Zerucha  |  

Zingly, described as a collaborative customer experience (CCX) platform, launched this week with a $10 million seed round. Participants included Dell Technologies Capital, WestWave Capital, Scribble Ventures, Formus Capital, Geekdom Fund, Array Ventures, Firebolt Ventures, Burst Capital, and CX industry executives. The patented customer-facing technology… Read More

 Tagged chatbots, Customer Experience, Gaurav Passi, Zingly

June 9, 2024 @ 5:44 pm By Michael Wong  |  

Asialink Finance Corp, a provider of financial solutions to small and medium enterprises (SMEs) in the Philippines, has announced secured P4 billion (about $71 million) from Malaysian private equity firm Creador. This strategic infusion of funds will see Creador acquiring an 18% stake in Asialink,… Read More

 Tagged Asialink, Creador, online lending, Philippines, private equity, sme lending