September 2024: Top five payments stories of the month
FinTech Futures takes a look back at five of the top payments stories in September.
Cybersecurity
Banking Tech Insights: Limitless Banking – 14 November 2024, London
Save the date for Thursday 14 November 2024 for an exclusive half-day networking event in London.
Demystify Podcast: Demystifying the business use cases of AI and quantum computing with Sergio Gago of Moody’s
In this two-episode special, hosts Dave and Dharm chat with Sergio Gago, MD of AI and Quantum at Moody’s.
State of play: US fintech
Despite a decline in global funding rounds, it was evident at FinovateFall that US fintech continues to thrive.
US regulator OCC orders Wells Fargo to shore up AML and risk management procedures
The OCC has barred Wells Fargo from expanding into medium-to-high risk products and geographies without prior approval.
Mastercard puts down $2.65bn for AI-powered threat intelligence platform Recorded Future
Insight Partners first acquired the platform in 2019 for $780 million.
FinTech Futures: Top five news stories of the week – 6 September 2024
Our pick of the top fintech news stories this week includes Mastercard, Paylocity, Tarabut and more.
E-book: The promise and peril of the AI revolution – managing risk
Download this free e-book to gain further insights into building a resilient AI security programme.
Mastercard to pilot Payment Passkey Service in India
Indian payment players taking part in the pilot include Axis Bank, Juspay, PayU, and more.
Balancing innovation and risk as the cloud reshapes banking modernisation
Rising cybersecurity threats are causing banks to revaluate their relationship with the cloud.
Unveiling Q-Day: How quantum computing could revolutionise (and disrupt) our digital world
The potential risks of Q-Day are immense, and there’s much work still to be done.
US identity verification start-up IDPartner Systems to shut down
IDPartner Systems closes after three years in business.
Banking Technology Magazine September 2024 issue out now
Cover story: HOP INTO THE FUTURE – Banks must turn and face the change.
Mastercard set to lay off around 3% of global workforce
A Mastercard spokesperson says the majority of the impacted employees will be notified in Q3 2024.
State of play: cybersecurity in financial services
The current cybersecurity threat landscape remains dynamic and challenging for financial services firms.
Chaos Labs lands $55m Series A led by Haun Ventures
Chaos Labs will use its latest funding to develop new products and expand its risk management platform.
Apple set to open up access to NFC tech to third-party app developers
Developers in the UK, the US, Australia, Brazil, Canada, Japan, and New Zealand will be able to access the tech.
Experian snaps up behavioural analytics firm NeuroID
Experian will use NeuroID’s tech to enhance its fraud risk suite for clients.
UFS purchases Safe Systems to bolster compliance and security services
The combined companies currently service just under 400 financial institutions.
JP Morgan Payments expands in-store biometric payments throughout US with PopID
The solution first made its market debut last year.
Caribbean-based Proven Bank taps Ireland’s Fenergo for transaction monitoring solution
Fenergo says its solution is designed to reduce false positives and automate manual AML processes.
Video: Keyless co-founder Fabian Eberle discusses privacy-preserving biometrics
Keyless’ Fabian Eberle speaks with FinTech Futures about the growing adoption of privacy-preserving biometrics.
What the FinTech? | S.5 Episode 12 | The emerging technologies driving innovation in payments
In this podcast episode, we chat with George Maddaloni, CTO of Operations at payments giant Mastercard.
BBVA and Telefónica Tech team for cybersecurity push, launch dedicated centre in Mexico
BBVA says its goal is to be “prepared to respond to all types of attacks”.
Banking Technology Magazine July / August 2024 issue out now
Cover story: MONEY TALKS – Cash still playing an important role in society.
Innovation Federal Credit Union names Jason Cinq-Mars as new CIO
Cinq-Mars will oversee the credit union’s information, technology and security functions.
Video: FinovateSpring 2024 – what’s hot and what’s not in fintech
We ask three industry professionals what’s hot and what’s not in the fintech sector this year.
The rise of instant payments: protecting consumers from criminals in 10 seconds
How can financial institutions strike a balance between speed and safety with instant payments?
Video: Fintech insights – reimagining the customer experience
Steven Ramirez, CEO at Beyond The Arc, discusses the future of customer experience in financial services.
New start-up Fideo Intelligence launches offering data-driven fraud-fighting solutions
The start-up operates under identity resolution SaaS platform FullContact.
PayPal hires Srini Venkatesan as new CTO
Venkatesan succeeds Archie Deskus, who has served as CTO for the past eight months.
Abacus Group acquires Tribeca Technology Group to strengthen UK presence
The acquisition follows Abacus’ GoVanguard purchase last year.
The future of fraud detection: how AI revolutionizes your bottom line
Building a proactive fraud shield with AI for unstoppable banking.
Video: OMB Bank at FinovateSpring 2024 – Open banking trends and how to retain a bank’s customers
OMB Bank’s Stephen Bishop sits down with FinTech Futures to discuss the facilitation of open banking.
Account takeover fraud: the definitive guide
Discover account takeover fraud techniques, impacts, and prevention strategies in this free definitive guide.
White paper: Deepfakes and identity – ensuring authenticity in a synthetic world
Learn about detection solutions and how to safeguard digital identities in this comprehensive white paper.
Mastercard commits to phasing out manual card entry in e-commerce by 2030 with tokenisation, Click to Pay and payment passkeys
The payment network claims its latest technology convergence will result in “faster and safer checkouts”.
Dutch neobank Bunq enters partnerships with Mastercard and Nvidia
The bank is utilising Mastercard’s open banking platform and Nvidia’s accelerated computing and AI capabilities.
Commonwealth Bank of Australia to pilot NameCheck solution on JP Morgan’s Liink network
The collaboration aims to “help validate bank account details used in international payments to Australia”.
Protecting against deepfakes in the era of LLMs
FinTech Futures speaks with FinVolution about how the financial sector can tackle the threat of deepfakes.
