iProov Sees Over 60% Surge in Transactions Driven by Soaring Demand for Cloud-Based Biometric Onboarding and Authentication
- 2 months 3 weeks ago
- Digital Identity
iProov, a leading provider of science-based biometric identity solutions, today delivered its quarterly business update, highlighted by a surge of 63% in transaction volume on its platform compared with the same timeframe last year. The identity verification market is showing consistent growth, fueled by the rapid digitization of services, and the escalating threat of sophisticated cyberattacks, particularly deepfakes that leverage generative AI...
Paymentology Launches Report on the Future of Cross-Border Money Movement in Collaboration with Fincog
- 2 months 3 weeks ago
- Payments
Paymentology, the leading global issuer processor, today announces the launch of its latest industry report, The Remittance Revolution: How to Win in Cross-Border Money Movement, developed in collaboration with renowned financial consultancy Fincog.
Zafin Strengthens Collaboration with Microsoft, Advancing Bank Modernization with Azure AI
- 2 months 3 weeks ago
- Banking
Zafin, a global provider of SaaS core modernization and transformation solutions for banks, announced today the extension of its worldwide strategic collaboration with Microsoft. This extension advances Zafin’s technological capabilities, continuing to position the company as a major player in core banking modernization and innovation, running on Microsoft Azure.
Thunes Expands Its Direct Global Network Into Egypt
- 2 months 3 weeks ago
- Infrastructure
Thunes, the Smart Superhighway to move money around the world, today announced a major expansion of its Direct Global Network into Egypt. This expansion brings mobile wallet and bank account payment capabilities to Thunes' Pay solutions, enhancing the company’s cross-border payment services in one of the Middle East and North Africa's most dynamic markets.
Gen Z Leads the Rewards Revolution, Finds ZBD Payments Study
- 2 months 3 weeks ago
- Payments
The ZBD Gen Z Payments Study, based on a survey of over 2,000 18 to 27 year olds in the US and UK, sheds fresh light on what this vitally important generation wants from its interactions with payments, banking and fintech providers. The deep-dive exploration of what shapes Gen Z’s payment behavior reveals that a staggering 86% of Gen Z believe that cashback and loyalty rewards are an important part of making a purchase, and 99% say financial...
Global Study from Checkout.com Reveals Generation Alpha’s Rising Influence in Digital Economy
- 2 months 3 weeks ago
- Infrastructure
A global study released today by Checkout.com, a leading global digital payments company, highlights the consumer buying behaviour which is powering today’s digital economy. The research, conducted across the UK, US, UAE and China, reveals a number of trends, including the growing spending power of Generation Alpha.
Broadridge Launches Instant Payments Service, Aligned with New EU Regulations
- 2 months 3 weeks ago
- Payments
Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced the launch of its highly resilient and scalable managed service for connectivity, message processing and workflow management for instant payments. The Broadridge service supports real-time money transfers, operating 24/7/365, with transaction processing times of under 10 seconds from payer to beneficiary.
Swift Cross-Border Payment Processing Speed Stretches Further Ahead of G20 Target
- 2 months 3 weeks ago
- Payments
Swift today published new data which reveals continued progress towards meeting the G20’s goal for the speed of cross-border payments, reporting that 90% of cross-border payments made over the Swift network reach the destination bank within an hour.
Finastra and LPBank Modernize Treasury Management Operations in Record Time
- 2 months 3 weeks ago
- Banking
Finastra, a global provider of financial services software applications, has announced the implementation of its front-to-back treasury solution, Kondor, at Fortune Vietnam Joint Stock Commercial Bank (LPBank) to modernize the bank’s treasury management operations and capabilities. This strategic collaboration is part of LPBank’s concerted effort to accelerate its digital transformation strategy and enhance its competitiveness in the market.
UK Finance Leaders Reveal Friction in Global Spend and Expense Management Holds Their Business Back
- 2 months 3 weeks ago
- Management
The vast majority of UK finance leaders (95 percent) struggle to manage their global spending due to disconnected management tools and manual processes, according to a new report released by Airwallex, the leading global payments and financial platform for modern businesses.
BVNK and Circle Partner to Expand USDC Utility for Global Business Payments
- 2 months 3 weeks ago
- Payments
BVNK, the payments infrastructure provider, and Circle, a global financial technology firm, today announced a partnership aimed at accelerating the utility of USDC for BVNK’s global customer base. BVNK will integrate USDC more deeply into its payment offerings, enabling businesses to leverage USDC’s speed and stability for a variety of payment use cases.
Helena Warne Joins Bibby Financial Services to Drive Growth for SMEs in Wales
- 2 months 3 weeks ago
- People Moves
Bibby Financial Services (BFS) has appointed Helena Warne as Business Development Manager for Wales to grow its funding support for businesses throughout the country. Helena brings over 25 years of financial services experience to her new role. At Lloyds Banking Group she covered the Wales region for seven years, specialising in Invoice Finance. And in her role as Area Director, Helena led a team of over 10 commercial banking relationship...
Nasdaq Integrates AI to Simplify and Accelerate Bank and Insurance Risk Calculations
- 2 months 3 weeks ago
- Risk Management
Nasdaq today announced it has developed an innovative new methodology to conduct investment portfolio risk calculations and produce predictive analytics, based on advanced machine learning capability. The functionality will be integrated into Nasdaq’s Calypso platform, which is used by banks, insurers, and other financial institutions globally to access capital markets, process front-to-back office treasury workflows, manage risk, and meet...
Consumers’ Capacity to Save Fell by 25.5% Over the Last Year as Recent Inflationary Pressures Continue to Take Their Toll
- 2 months 3 weeks ago
- Personal Finance
The latest proprietary insight from Moneyhub, the market-leading data and payments platform’s Financial Wellness Tracker, reveals that consumer capacity to save without making any changes to their overall spending behaviour fell 25.5% over the 12 months to end September 2024. Simultaneously, total cash held in savings dropped by 11.6% as the recent turbulent financial times continued to play out and inflation persistently remains above the...
Worldline Launches “Bank Transfer by Worldline,” a New Account-to-Account Payment Method in 14 European Countries by End of 2024
- 2 months 3 weeks ago
- Payments
Worldline, a global leader in payment services, today announces the launch of its account-to-account payment method named “Bank Transfer by Worldline”. The solution enables retailers to accept payments and completes the existing payment options offered to merchants. It also effectively addresses specific payment scenarios that traditional methods typically cannot accommodate, including invoices and high-value transactions. It delivers a seamless...
