Worldline, a global leader in payment services, announces the appointment of Paul Marriott-Clarke as Head of Merchant Services business, effective 7 October 2024.

Paul Marriott-Clarke succeeds Marc-Henri Desportes, who has led the division since February 2024 alongside his other roles.

Temenos today announced the appointment of Barb Morgan, as Chief Product and Technology Officer. Reporting to Temenos CEO Jean-Pierre Brulard, Barb will join the company’s Executive Committee and lead the technology and product organization. Her appointment is effective immediately.

MyBank, the widely used account-to-account (A2A) payment method enabling individuals, companies and public authorities to make and receive payments directly through their online banking portal/app is announcing a new partnership with leading payments platform Paysafe. 

Trustly, the global leader in open banking payments, is excited to announce the appointment of Adam Miller as its new Group Chief Financial Officer (CFO).

Based in Stockholm, Adam joins Trustly from Deliveroo, where he served as CFO for over two years, successfully leading the company through its 2021 London Stock Exchange listing and navigating significant growth during the pandemic. 

In financial services, advances in AI have the potential to enhance a whole host of business processes, from predicting consumer behavior to fraud detection.  Yet, in the race to establish a competitive edge, some companies have rushed into AI deployments, resulting in some early teething problems. For instance, last year a major bank allegedly charged customers overdraft fees based on data from an AI-powered system, even when the customers were not actually overdrawn.

Starling grew quickly, from approximately 43,000 customers in 2017 to 3.6 million in 2023. However, measures to tackle financial crime did not keep pace with its growth.

Revolut, the global fintech with over 45 million global customers, is calling on Meta to commit to sharing reimbursement of fraud victims, arguing that its recently announced data-sharing partnership with UK banks and financial institutions falls woefully short of what’s required to tackle fraud globally.

FOMO Pay, a leading Singapore-based major payment institution announced a strategic partnership today with Visa, the world’s leader in digital payments. Through this collaboration, FOMO Pay will integrate Visa’s QR into the SGQR network, enabling cardholders to scan the QR code and pay with their Visa cards. FOMO Pay will enable SGQR merchants to accept Visa QR payments, enabling the use of Visa credit and debit cards for scan-and-pay in Singapore.  

Rising African countries are among the fastest-growing regions in consumer spending, according to data from the World Data Lab analyzed by EBANX, a global technology company specializing in payment services for rising markets. The giant Egypt will accelerate growth by 167%, while the smaller economies, like Ethiopia, will grow by an impressive 429% in the next decade. Kenya (115%), Morocco (107%), Ghana (106%), and South Africa (42%) are also mentioned in the analysis.

The number of UK financial institutions investing in artificial intelligence (AI) has doubled within a year, according to Lloyds Bank’s ninth annual Financial Institutions Sentiment Survey.  Almost two-thirds (63%) of respondents are investing in the emerging technology, up from one third (32%) in 2023.