March 31, 2024 @ 1:08 pm By Michael Wong  |  

Credit card major Visa Inc. is poised to enhance its fraud-prevention capabilities by incorporating three new artificial intelligence (AI)-powered tools into its product suite for business clients, according to a Bloomberg report. This move underscores the company’s commitment to leveraging advanced technology to bolster security… Read More

 Tagged credit card, cybersecurity, fraud, visa

March 31, 2024 @ 12:21 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) recently issued a Notice to extend, for a further six months until 30 September 2024, the suspension of the use of channels that are not specifically permitted (non-specified channels by remittance companies “when transmitting money to persons in the… Read More

 Tagged china, mas, remittances, singapore

March 31, 2024 @ 11:15 am By Omar Faridi  |  

Adena Hefets, the co-founder & CEO of Divvy Homes, a Proptech company on a mission to make homeownership accessible to everyone, notes that the firm is introducing DivvyUp, which will help clients prepare for homeownership with confidence. Since Divvy’s founding in 2017, they’ve been committed… Read More

 Tagged divvy, proptech

March 31, 2024 @ 6:22 am By Omar Faridi  |  

Ten emerging technology companies have been selected to participate in the 2024 FinTech Innovation Lab New York, a 12-week program founded and run by Accenture and the Partnership Fund for New York City that helps early- and growth-stage fintechs accelerate product and business development through… Read More

 Tagged digital financial services, fintech adoption, new york, united states

March 31, 2024 @ 2:34 am By Michael Wong  |  

Qatar has launched its “first national e-card with registered Qatari brand,” named Himyan, as announced by the Qatar Central Bank. This initiative aligns with the country’s Third Financial Sector Strategy, emphasizing the development of Qatar’s digital payments infrastructure. Himyan represents a significant advancement in the… Read More

 Tagged Himyan, Qatar Central Bank, Qatar National Vision 2030, Third Financial Sector Strategy

March 30, 2024 @ 10:32 pm By Michael Wong  |  

QNB Group, the leading financial institution in the Middle East and Africa, has announced the launch of “FAWRAN,” a revolutionary payment method designed to enhance the payment experience for its customers in Qatar. This innovative service allows for quick and secure transactions using just the… Read More

 Tagged FAWRAN, fintech, middle east, payments, qatar, qnb

March 30, 2024 @ 6:37 pm By Omar Faridi  |  

Global fintech SumUp has implemented Confirmation of Payee (CoP) in the UK, as the company takes additional steps to protect merchants and users from bad actors and fraud. CoP is a name-checking service, launched by Pay.UK in 2020, which “validates recipients’ account details before transfers… Read More

 Tagged confirmation of payee, payments, sumup, uk, united kingdom

March 30, 2024 @ 5:36 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, is partnering with Adobe Commerce to deliver flexible online and offline payments solutions to global enterprise merchants operating on Adobe Commerce. The payments partnership enables Adobe Commerce customers “to simplify and scale their… Read More

 Tagged adobe commerce, adyen, europe, fintech trends, payments

March 30, 2024 @ 10:37 am By Omar Faridi  |  

To ensure a “trusted” and secure digital identity for all Europeans, the European Council adopted a new framework for a European digital identity (eID). Mathieu Michel, Belgian Secretary of State for digitization, administrative simplification, privacy protection and the building regulation: The adoption of the European… Read More

 Tagged digital identity, europe, regulations, regulatory framework

March 30, 2024 @ 10:35 am By Omar Faridi  |  

Payments Canada is actively involved in promoting harmonization of the ISO 20022 message usage for high-value payment systems globally and is declaring its support for the High-Value Payments Systems Plus (HVPS+) ISO 20022 Payments Interoperability Charter. The charter sets out objectives and principles “designed to… Read More

 Tagged payments, payments canada