Bank Rakyat Indonesia taps Nium for international money transfers
Bank Rakyat Indonesia operates over 7,150 branches and reported approximately $4 billion in profit for 2023.
PayTech
Paytech news stories, resources and expert commentary on the payments tech sector worldwide.
Canada’s imminent regulatory changes require PSPs to register
The Bank of Canada explains the new regulations for Payment Services Providers (PSPs).
Wise joins Japan’s domestic payment network Zengin
Wise will be able to process real-time payments in Japan directly, without intermediaries.
FintechIO introduces new A2A payments platform Blip-Pay
Blip-Pay was unveiled at this month’s Open Banking Expo in London.
Daily News at Sibos 2024
Download your free copy of the Daily News at Sibos publication today!
Sibos 2024: A lack of payment interoperability is hurting businesses; here’s how to fix that
To achieve seamless payment interoperability, the industry needs a multi-pronged approach.
Sibos 2024: Embedded finance is driving the future of B2B commerce
Embedded finance is becoming a revolutionary force in B2B commerce.
ICYMI fintech funding round-up: Abhi, Emerge, Diesta, and Axyon AI
A handy round-up of the recent funding endeavours of fintech companies across the globe.
UK government looks to strengthen BNPL protections with launch of latest consultation
The consultation proposes clearer information for BNPL consumers, as well as stronger dispute rights.
Stripe reportedly in discussions to buy stablecoin infrastructure start-up Bridge in potential $1bn deal
Stripe confirmed plans to introduce stablecoin payments at the checkout in April.
Klarna sells UK loan portfolio to hedge fund Elliott Advisors in £30bn deal
Klarna says it will still own “all consumer-facing activities, including underwriting and servicing”.
State of play: card networks
The emergence of alternative payment rails has forced card networks to evolve to ensure their continued success.
Santander UK enters open banking payments partnership with Token.io
Customers will now be able to make direct A2A payments from external accounts to repay credit cards.
Sibos 2024: A delicate balancing act – addressing the ‘speed vs security’ dilemma in cross-border payments
In today’s world, customers are constantly demanding faster and more convenient cross-border payments.
Sibos 2024: Achieving the G20’s cross-border payments goals – embracing a balanced approach
How can the global financial industry ensure we meet the G20’s cross-border payment goals?
White paper: Combatting APP fraud – how to build a best-in-class fraud prevention solution
Strategies for banks to combat APP fraud, insights into payment security and protection against threats.
Aleph acquires majority stake in Argentinian PSP Localpayment
Rebranded as Localpayment by Aleph, the PSP is to launch in Africa, the Middle East and Asia.
Banked buys open banking paytech Waave to drive Pay by Bank solution in Australia
Banked has secured a partnership with Aussie pharmacy giant Chemist Warehouse through the acquisition.
LendingClub and Pagaya acquire intellectual property of shuttered fintech Tally
Tally closed in August, citing insufficient funding as the primary reason for its shutdown.
CellPoint Digital promotes Michael Sørensen to CTO
CellPoint Digital has also promoted Steven Osei, its global head of marketing communication, to CMO.
Former Deliveroo executive Adam Miller joins Swedish paytech Trustly as group CFO
Miller succeeds Jonas Palmquist, who has acted as Trustly’s group CFO since October last year.
UK’s PSR mandates “guaranteed minimum level of protection” against APP scams
The provisions will enable consumers to receive faster reimbursements in cases of APP scams.
Polish mobile payment system BLIK receives authorisation in Romania
BLIK will now facilitate transactions in the national currency and be available to all authorised Romanian PSPs.
TrueLayer extends Series E by $50m amid rising tax losses
The raise comes after TrueLayer’s tax losses rose nearly 40% to £55.6 million last year.
Banking Technology Magazine October 2024 issue out now
Cover story: QUANTUM LEAP OF FAITH – Preparing for the advent of Q-Day.
Swift gears up for 2025 live trials of digital asset transactions
The trials will see banks use Swift to transact interchangeably across asset and currency types.
Zepz secures $267m Series F led by Accel
The cash injection adds to a $292 million Series E round raised in 2021.
Austria’s IXOPAY appoints Ronnie Thomson as new CTO
The hire comes after IXOPAY merged with US data tokenisation firm TokenEx in April.
ICYMI fintech funding round-up: Plumery, Concreit, Connected Data, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Global survey report: Privacy in practice 2024
1,300+ data privacy professionals share their views on the pertinent topics in this free global research report.
HSBC launches embedded finance venture SemFi with Tradeshift
SemFi provides embedded payment, trade and financing solutions from HSBC.
Stax Payments snaps up BlockChyp for undisclosed sum
Stax says this acquisition will reduce “friction” and enhance partner and customer experience.
Fiserv ends joint venture in Wells Fargo Merchant Services
An SEC 8-K filing says Fiserv expects to receive a “cash payment or assets” for its 40% stake in WFMS.
Mastercard acquires Minna Technologies to upgrade subscription experience
Minna develops technology to help consumers manage subscriptions via banking apps and websites.
PayTech Awards USA 2024 winners announced!
Celebrating exceptional achievements and talent in the US payments industry.
Redpin strengthens leadership team with key additions
The newest team member is CTO Yoav Flam, formerly in the same role at HelloFresh.
September 2024: Top five fintech funding rounds of the month
FinTech Futures takes a look back at five of the top funding rounds to take place over September.
ICYMI fintech funding round-up: Outgo, Mifundo, Mesa, Simpler, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Visa to buy AI-powered fraud detection firm Featurespace
Visa says it expects to close the transaction in FY 2025.
September 2024: Top five payments stories of the month
FinTech Futures takes a look back at five of the top payments stories in September.
