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Adyen Recognized in IDC MarketScapes for Retail Online and Omni-Channel Payment Platforms Worldwide

Adyen, the global financial technology platform of choice for leading businesses, today was recognized as a Leader in the IDC MarketScape: Worldwide Retail Online Payment Platform Software Providers 2024 Vendor Assessment[1] and IDC MarketScape: Worldwide Retail Omni-channel Payment Platform Software Providers 2024 Vendor Assessment[2]. Adyen was recognized for the following strengths - comprehensive solution, innovation, and focus on merchants.

Friday, June 21, 2024 - 11:41
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Financial IT
PayPal Names Srini Venkatesan as Chief Technology Officer

PayPal Holdings, Inc. today announced the appointment of Srini Venkatesan as Chief Technology Officer (CTO), effective June 24, reporting to PayPal President and CEO Alex Chriss. In this role, Venkatesan will lead the development and implementation of technology across the entire PayPal ecosystem, including analytics and data science, artificial intelligence (AI) and machine learning, information security, infrastructure operations, and product engineering. 

Friday, June 21, 2024 - 11:36
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Financial IT
Singapore Publishes Updated Money Laundering National Risk Assessment

Singapore published today its updated Money Laundering (ML) National Risk Assessment (NRA), as part of Singapore’s continuing efforts to maintain the effectiveness of its anti-money laundering (AML) regime amidst the evolving risk landscape.

Friday, June 21, 2024 - 11:33
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/news/aml-and-kyc/singapore-publishes-updated-money-laundering-national-risk-assessment
Financial IT
ConnexPay Adds Kurt Adams to Board of Directors

ConnexPay, the world’s first all-in-one payments platform, today announced the addition of Kurt Adams to the company’s board of directors. A fintech industry veteran, Adams brings more than two decades of experience, most recently serving in executive roles at Optum Financial and Fleetcor (now Corpay).

Friday, June 21, 2024 - 11:26
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Financial IT
Four Financial Services Industry Leaders Join DTCC Board of Directors

DTCC, the premier post-trade market infrastructure for the global financial services industry, today announced that four new Board Members have joined its Board of Directors.

Friday, June 21, 2024 - 11:22
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/news/trading-systems/four-financial-services-industry-leaders-join-dtcc-board-directors
Financial IT
Gynger Secures $20M in Series A Funding Round led by PayPal Ventures

Gynger, the first embedded financing platform for technology purchases, announced today that it has raised $20 million in Series A funding, led by PayPal Ventures, with participation from Gradient Ventures, Velvet Sea Ventures, BAG Ventures and Deciens Capital.

Gynger will use the funding to scale its team and operations and accelerate its vision of transforming its embedded financing platform into a full-scale payments solution for buying and selling of technology.

Friday, June 21, 2024 - 11:18
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Financial IT
AI to Transform the Future of Finance: Citi GPS Report Projects $2 Trillion in Global Banking Profits by 2028

Artificial Intelligence (AI) is poised to revolutionize the finance industry, potentially driving global banking profits to an astonishing $2 trillion by 2028, according to a newly released Citi GPS report. This represents a 9% increase in profits over the next five years, marking a significant milestone in the financial sector.

Friday, June 21, 2024 - 11:12
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Financial IT
Fiserv Appoints Takis Georgakopoulos as Senior Advisor and Member of the Management Committee

Fiserv, Inc. a leading global provider of payments and financial services technology solutions, today announced that Takis Georgakopoulos will join Fiserv as a Senior Advisor, Executive Vice President, and a member of the Management Committee, effective September 3, 2024.

Friday, June 21, 2024 - 10:54
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/news/people-moves/fiserv-appoints-takis-georgakopoulos-senior-advisor-and-member-management
Financial IT
Over Half of Financial Institutions Use Faster Payment Technologies, According to Faster Payments Council

56% of financial institutions, payment providers and businesses have integrated faster payment technologies in their payment infrastructures, according to research from the Faster Payments Council (FPC).

Over a third, 35%, said they are planning to introduce faster payment technologies in the future, while 9% have no plans to.

Friday, June 21, 2024 - 10:47
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Financial IT
Innzpira: Revolutionising Risk Assessment in Banking with Predictive Psychology© and Machine Learning

Innzpira, a pioneering company in Predictive Psychology© and machine learning, announces a solution designed to revolutionise how banks and financial institutions assess client risk aversion.  This innovative approach enables financial entities to offer tailored products that align perfectly with the comfort levels and preferences of their clients, enhancing customer satisfaction and financial outcomes. Innzpira showcased this cutting-edge technology at London Tech Week 2024.

Friday, June 21, 2024 - 10:43
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Financial IT

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