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Sling Money Raises $15 Million Series A to Transform Global Payments

Sling Money, an app designed to make the global transfer of money instant, easy and low-cost, today announced a $15 million Series A round led by Union Square Ventures, Ribbit Capital, and Slow Ventures.

Thursday, August 15, 2024 - 10:52
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Financial IT
Alkami Integrates Credential Stuffing Protection Into Its Digital Banking Platform

Alkami Technology, Inc., a leading cloud-based 

Thursday, August 15, 2024 - 10:18
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/news/digital-banking/alkami-integrates-credential-stuffing-protection-its-digital-banking-platform
Financial IT
Apple: Developers to Enable In-App NFC Transactions With Secure Element on iOS 18.1

Apple has announced that with the release of iOS 18.1, developers will soon be able to integrate NFC contactless transactions directly within their iPhone apps using the Secure Element, independent of Apple Pay and Apple Wallet. This new capability, facilitated by the introduction of NFC and Secure Element (SE) APIs, will allow developers to offer a range of contactless services such as in-store payments, digital keys, corporate badges, loyalty cards, and event tickets. Future updates will also support government IDs.

Thursday, August 15, 2024 - 10:15
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Financial IT
Adyen Expands Payment Processing to India, Launches New Technology Hub

Adyen, the global payments platform of choice for many of the world's leading companies, today announced its expansion in India, following the grant of authorization from the Reserve Bank of India to operate as an Online Payment Aggregator in India for domestic and cross-border payments. The commitment to accelerate payment innovation in India includes a technology hub in Bengaluru (Bangalore) and the launch of local payment processing capabilities.

Thursday, August 15, 2024 - 10:10
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Financial IT
Oliver Wyman Announces Paul Ricard as Asia-Pacific Head of Insurance and Asset Management

Oliver Wyman, a business of Marsh McLennan (NYSE: MMC) and a leading global management consulting firm, announced today that Paul Ricard has been appointed as the new Asia-Pacific Head of Insurance and Asset Management, effective immediately. 

Thursday, August 15, 2024 - 10:06
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Financial IT
MAS Collaborates With Banks and Technology Partners on Quantum Security

The Monetary Authority of Singapore (MAS), DBS, HSBC, OCBC, UOB, SPTel and SpeQtral today signed a Memorandum of Understanding (MoU) to embark on quantum security collaboration and study the application of Quantum Key Distribution (QKD) [1] in financial services. QKD can help financial institutions (FIs) protect the exchange of cryptographic keys to address the cybersecurity threats posed by quantum computing.

Thursday, August 15, 2024 - 10:03
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/news/banking/mas-collaborates-banks-and-technology-partners-quantum-security
Financial IT
10x Banking and LTIMindtree Announce Global Partnership to Accelerate Banks’ Modernization Journeys
10x Banking, the next gen cloud-native core banking platform, and LTIMindtree, a global technology consulting and digital solutions company, today announced a global partnership agreement, making LTIMindtree a key global implementation partner for 10x’s transformational meta core banking platform . This collaboration will enable financial institutions to embrace the significant momentum in the market as banks look to adopt modern core banking systems to accelerate their digital transformation.
 
Thursday, August 15, 2024 - 09:59
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Financial IT
New Research Finds Consumers Demand Payment Choice, Worry About Cash Access, and Remain Optimistic About Their Financial Future

Over half of consumers worldwide (56%) have changed their spending habits from a year ago, not only becoming more price conscious but demanding payment choice, from debit cards and bank transfers to digital wallets and cash, according to new research from Paysafe, a global payment processor and digital wallet provider.

Thursday, August 15, 2024 - 09:57
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Financial IT
90% of Americans Worry About Rise in Fraud, 74% Think AI Will Increase Successful Fraud Attempts, Abrigo Survey Finds

Abrigo, a leading provider of financial crime prevention and risk management solutions for U.S. financial institutions, today announced compelling new survey results revealing how Americans feel about financial fraud, their fears about AI’s impact on fraud, and some misconceptions that endure. The vast majority of Americans (90%) are worried about the rise in fraud: More than half (51%) are “extremely concerned” and another 39% are “somewhat concerned.”

Thursday, August 15, 2024 - 09:55
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Financial IT
New Debit Card Launches to Help People Accelerate UK Scientific Discovery and Innovation via Everyday Spending

People are now able to support UK innovations across health, climate change and tech by simply spending on their card, with the new Science Card account and Mastercard debit card.

Through its free account, Science Card customers can choose which UK university project(s) they’d like to support and automatically contribute to these projects each time they use their Science Card.

Thursday, August 15, 2024 - 09:51
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Financial IT

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