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Visa Foundation focused on empowering women entrepreneurs

/inclusion

Visa Foundation focused on empowering women entrepreneurs

Visa Foundation is supporting women in growing their small businesses and making them more resilient, increasing economic mobility and creating wealth for themselves.To learn more about the financial inclusion efforts made by the organisation, Finextra spoke to Najada Kumbuli, vice president and head of investments at Visa Foundation.

EBAday 2024: Navigating the oxymoron of cross-border real time payments

/payments

EBAday 2024: Navigating the oxymoron of cross-border real time payments

The second day of EBAday 2024 in Lisbon kicked off with exciting panel sessions discussing real-time payments.

EBAday 2024: Next steps in instant payments, regulation, and liquidity management

/payments

EBAday 2024: Next steps in instant payments, regulation, and liquidity management

At EBAday 2024 in Lisbon, experts came together to address new innovations and exciting prospects for the future of banking in Europe.

Central banks to test FX settlement in wCBDC

/payments

Central banks to test FX settlement in wCBDC

The Bank for International Settlements (BIS) is launching Project Rialto to explore how instant cross-border payments could be improved using a modular foreign exchange component combined with settlement in wholesale central bank digital currencies (wCBDC).

IFC and SocGen’s Romania deal marks sustainable finance milestone

/inclusion

IFC and SocGen’s Romania deal marks sustainable finance milestone

Societe Generale (SocGen) and the International Finance Corporation (IFC) have signed a Collaboration Framework Agreement to bolster sustainable finance in developing countries.

Checkout.com and Mastercard partner up to launch virtual cards for Online Travel Agents

/payments

Checkout.com and Mastercard partner up to launch virtual cards for Online Travel Agents

Digital payments provider Checkout.com has announced its partnership with payments giant Mastercard to provide Online Travel Agents with virtual cards.

NextGen Nordics 2024: BNPL just has a bad rep

/payments

NextGen Nordics 2024: BNPL just has a bad rep

At NextGen Nordics 2024 in Stockholm, experts engaged in a lively conversation on Buy Now Pay Later (BNPL) in a panel session.

ECB ready to penalise UniCredit for continuing business in Russia - Reuters

/markets

ECB ready to penalise UniCredit for continuing business in Russia - Reuters

The European Central Bank (ECB) is ready to impose sanctions on Italy’s UniCredit as the bank continues to participate in business with Russia.

Alpha Group to list on LSE main market

/wholesale

Alpha Group to list on LSE main market

UK-based fintech consultancy Alpha Group is set to move its listing to the London Stock Exchange's (LSE) primary market as part of its expansion.

Top 5 payment stories you missed in January 2024

/payments

Top 5 payment stories you missed in January 2024

Fintech is a busy world and sometimes we miss out on the biggest stories. Here are some of the top stories we saw in January 2024.

Wise accuses high street banks of hidden exchange rate fees

/retail

Wise accuses high street banks of hidden exchange rate fees

For GBP to EUR, Wise reports that HSBC has the highest fee for exchange rates (3.7%), followed by Lloyds at 3.6%, Barclays at 2.75%, and NatWest, TSB and Santander all at 2.5%.

AbbeyCross raises $6.5m for emerging markets FX platform

/wholesale

AbbeyCross raises $6.5m for emerging markets FX platform

AbbeyCross, a wholesale FX platform focused on improving the payment market infrastructure for emerging market currencies, has raised US$6.5 million in a seed funding round.

Nth Exception launches AI tool for ISO 20022 adoption

/payments

Nth Exception launches AI tool for ISO 20022 adoption

London-based fintech Nth Exception has launched Nucleus, a machine learning data fabric to ease financial institutions into ISO 20022 adoption.

HSBC trials quantum protection for AI-powered FX trading

/security

HSBC trials quantum protection for AI-powered FX trading

HSBC has piloted the use of quantum key encryption to protect client FX trading data from the threat of increasingly powerful cyber attacks.

COP28: UAE commits $30bn to climate finance

/sustainable

COP28: UAE commits $30bn to climate finance

The UAE has announced a $30 billion investment to launch a climate-focused investment vehicle at COP28, that will set the foundation to establish a more transparent climate finance system and provide funding and access to the Global South.

EU considers widening scope of cybersecurity regulation

/regulation

EU considers widening scope of cybersecurity regulation

The EU is contemplating the need to widen scope of cybersecurity regulation to impact Big Tech, banks, and airlines as more companies move to the cloud to drive innovation.

US Treasury proposes crypto mixer-crackdown to end anonymous transactions

/regulation

US Treasury proposes crypto mixer-crackdown to end anonymous transactions

The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has proposed a new rule that will increase transparency around crypto mixer transactions.

Visa launches global cross-border money movement package

/payments

Visa launches global cross-border money movement package

Visa has leveraged its acquisition of Currencycloud to launch a new global cross-border money movement service for banks, fintechs, FX brokers, corporates, and other payment institutions.

Inpay partners with Red Cross to reduce money transfer costs

/inclusion

Inpay partners with Red Cross to reduce money transfer costs

Cross-border payments fintech Inpay has announced a partnership with the Red Cross in Denmark to enable emergency funding across more countries.

UK to host global AI summit at historic Bletchley Park

/devops

UK to host global AI summit at historic Bletchley Park

Prime Minister Rishi Sunak has announced that the global summit on the safety of artificial intelligence (AI) will be hosted at the historic Bletchley Park in Milton Keynes, where Alan Turing and a group of codebreakers cracked the Enigma code during World War II.

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