The payments industry is set to celebrate its most prestigious event of the year: The Card and Payments Awards (TCPA) 2024. TCPA announces the shortlist for this spectacular event. Discover the frontrunners. 

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The Great Rebundling 

External fraud has entered the ORX Top 5 operational risks table, above business continuity and regulatory compliance. AI has been cited as key to driving this increase, as it fuels more sophisticated and harder to detect fraud schemes, successful at bypassing controls.

The findings were published in a report from ORX, the world’s largest operational risk association which works with over 125 banks and insurers globally.  

Liquidnet, a leading technology-driven agency execution specialist, and bondIT, a leading provider of next-generation investment technology, announced today their partnership to integrate bondIT’s Scorable Credit Analytics into Liquidnet’s Fixed Income electronic trading platform. The collaboration aims to empower traders to anticipate market trends, mitigate credit risk and make informed investment decisions faster.

Tamara, the leading fintech platform to shop, pay and bank in Saudi Arabia and the wider GCC region, has achieved the historic milestone of becoming the Kingdom’s first homegrown fintech unicorn by securing $340 million in a Series C equity funding round. 

A new report published today by Mobey Forum’s Payments Expert Group has identified the unique growth drivers and opportunities that embedded finance offers financial institutions.

Innovations in fintech continued to evolve over the course of 2023. Leading into 2024, Gen Z continues to lead the way with fintech service adoption as digital wallet use surges, and the adoption of AI advances the industry.

Alternative finance lender, Reward Finance Group, has further strengthened its presence in London and the South East by appointing a new business development director to support its continued growth.

Shami Sharma joins Reward having worked within the financial sector for over 40 years. He spent the majority of his early career in banking roles at Natwest and Metro Bank before moving more recently into the alternative lending space.

Mastercard and WestJet announce the long-term extension of their partnership agreement, expanding beyond powering transactions by innovating the travel and purchasing experience for customers while always prioritizing security and trust.

Amidst ongoing high interest rates and geopolitical flux, Demica, a leading fintech supporting the trade finance programmes of the world’s major banks and corporations, offers its 2024 forecast for the sector.