May 19, 2024 @ 11:50 am By Omar Faridi  |  

Nu Holdings Ltd. (NYSE: NU), which claims to be one of the world’s largest digital banking platforms, released its First Quarter financial results. Financial results are presented in accordance with International Financial Reporting Standards (IFRS). David Vélez, founder and CEO of Nubank said: “In May… Read More

 Tagged banking, brazil, digital bank, latin america, nu holdings, nubank

May 19, 2024 @ 11:35 am By Tony Zerucha  |  

Pagos, a provider of payments optimization solutions, recently announced the launch of Pagos Copilot, an AI-powered tool for instant payment intelligence. “It’s easy for subpar performance to go unnoticed when you don’t have a wealth of payments industry knowledge because you don’t necessarily know what… Read More

 Tagged ai, Albert Drouart, Klas Bäck, Pagos, Pagos Copilot

May 19, 2024 @ 10:27 am By Omar Faridi  |  

Riskified Ltd. (NYSE: RSKD), a firm focused on addressing e-commerce fraud and risk intelligence, announced financial results for the three months ended March 31, 2024. Eido Gal, Co-Founder and Chief Executive Officer of Riskified said: “Our commitment toward profitable growth has yielded exceptional results, as… Read More

 Tagged e-commerce, fraud prevention, progress report, Riskified

May 19, 2024 @ 10:11 am By Omar Faridi  |  

FloQast announced a consulting relationship with PwC Australia, a global consulting firm. The alliance combines FloQast’s advanced Finance and Accounting Operations Platform with PwC Australia’s deep industry expertise “to transform key accounting and finance operations, including the financial Close, compliance management, and internal controls.” Today’s… Read More

 Tagged australia, fintech adoption, floqast, pwc

May 19, 2024 @ 9:56 am By Omar Faridi  |  

Temenos (SIX: TEMN) announced that Banque Internationale à Luxembourg (BIL), one of the largest universal banks in Luxembourg, has gone live with Temenos core banking and payments to increase agility and efficiency of its retail, corporate and private banking operations. The move gives BIL the… Read More

 Tagged digital financial services, europe, luxembourg, temenos

May 19, 2024 @ 9:56 am By Omar Faridi  |  

Atlantic Money, which claims to be the world’s first money transfer service with a fixed fee and real rates, announced the launch of its web platform. The new robust desktop experience caters “to Atlantic Money’s over 10,000 customers who transfer significantly higher volumes than typical… Read More

 Tagged atlantic money, Cross-Border Transactions, uk, united kingdom

May 19, 2024 @ 9:32 am By Omar Faridi  |  

Mark Branson, President of the German Federal Financial Supervisory Authority (BaFin), warns against trying to pay for the green and digital transformation of the European economy by weakening capital requirements. Branson said at the BaFin’s conference in Frankfurt am Main on 14 May: “Otherwise we… Read More

 Tagged bafin, europe, germany, regulations

May 19, 2024 @ 9:31 am By Tony Zerucha  |  

Biometric-based fraud is the number one threat financial services providers face today, warns Michael Marcotte, CEO at artius.ID, a digital ID and authentication firm. This intervention comes off the heels of the RSA cybersecurity conference, where academics, entrepreneurs and corporations discussed pressing security issues. Marcotte,… Read More

 Tagged artius.ID, biometrics, digital id, fraud, Michael Marcotte

May 19, 2024 @ 9:29 am By Michael Wong  |  

Woori Bank, a major South Korean commercial lender, has officially entered the competition to secure a license for the country’s fourth internet-only bank. The bank confirmed that it had submitted a letter of intent to join the Korea Credit Data (KCD) led consortium. This move… Read More

 Tagged banking, digital bank, south korea, Woori Bank

May 19, 2024 @ 8:37 am By Tony Zerucha  |  

Sift, the AI-powered anti-fraud platform securing digital trust for leading global businesses, recently announced the availability of trend data for two new fraud metrics in the Fraud Industry Benchmarking Resource. The Fraud Industry Benchmarking Resource is powered by Sift’s Global Data Network, which analyzes more… Read More

 Tagged account takeover, armen najarian, chargeback, fraud, Fraud Industry Benchmarking Resource, sift