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News and resources on payments systems, innovations and initiatives worldwide.

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Latest news

NatWest app glitch leaves customers unable to make payments

NatWest app glitch leaves customers unable to make payments

2

Stripe CTO Singleton steps down

Stripe CTO Singleton steps down

Mastercard debuts Payment Passkeys in India

Mastercard debuts Payment Passkeys in India

1

Stripe taps AI for cross-border commerce in Asia

Stripe taps AI for cross-border commerce in Asia

1

Comun raises $21.5m for immigrant-focused neobank

Comun raises $21.5m for immigrant-focused neobank

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Community

Edvards Margevics

Edvards Margevics Co-partner at CONCRYT

Are truly frictionless payments a pipe dream?

Patrick Bermingham

Patrick Bermingham CEO at Adflex

The AI Act: what impact will Artificial Intelligence really have on B2B payments?

2

Nikunj Gundaniya

Nikunj Gundaniya Product manager at Digipay.guru

Overcoming the challenges in implementing eKYC solution in your business

Ruchi Rathor

Ruchi Rathor Founder at Payomatix Technologies

Trends in Financial Services and the Role of AI

All /payments opinions
[Webinar] SEPA Inst Mandate: Impacts on Day 1, Day 90 – and beyond?Finextra Promoted[Webinar] SEPA Inst Mandate: Impacts on Day 1, Day 90 – and beyond?
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Company updates

All /payments company updates

10x Banking forms partnership with SunTec

Nium expands Lithuania hub

Bindo and JCB launch metal card

DNA Payments appoints new chief financial officer

Fiserv brings PayPal Fastlane and Venmo under the hood

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More news

Shift4 to acquire Givex for C$200 million

Shift4 to acquire Givex for C$200 million

3

Amazon invests $20 million in Indian BNPL firm Axio

Amazon invests $20 million in Indian BNPL firm Axio

1

UK climate fintech Zero secures partners ahead of launch

UK climate fintech Zero secures partners ahead of launch

2

Klarna to use AI to halve workforce

Klarna to use AI to halve workforce

5

Revolut signs global Visa Direct agreement for cross-border business transactions

Revolut signs global Visa Direct agreement for cross-border business transactions

2

Banking Circle launches euro-backed stablecoin

Banking Circle launches euro-backed stablecoin

8

All /payments news
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Trending

Banking Circle launches euro-backed stablecoin

Revolut signs global Visa Direct agreement for cross-border business transactions

Klarna to use AI to halve workforce

UK climate fintech Zero secures partners ahead of launch

Mastercard debuts Payment Passkeys in India

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Expert opinions

Edvards Margevics

Edvards Margevics Co-partner at CONCRYT

Are truly frictionless payments a pipe dream?

Gone are the days of signing for a payment – even entering a pin number can prompt exasperated eyerolls from consumers accustomed to completing transactions with a single tap. That expectation has now made its way online, with Open Banking making it increasingly possible to pay without entering card details. But with authorised push payment (APP)

/security /payments

Patrick Bermingham

Patrick Bermingham CEO at Adflex

The AI Act: what impact will Artificial Intelligence really have on B2B payments?

Visit any social media newsfeed and countless posts will tell you that AI means “nothing will ever be the same again” or even that “you’re doing AI wrong”. The sheer volume of hyperbolic opinions being pushed out makes it almost impossible for businesses to decipher between the hype and reality. This is an issue the European Union’s ‘AI Act’ (the ...

/ai /payments Artificial Intelligence and Financial Services

Nikunj Gundaniya

Nikunj Gundaniya Product manager at Digipay.guru

Overcoming the challenges in implementing eKYC solution in your business

The digital transformation of businesses has sped up the adoption of various technologies, and one of the most significant shifts has been the move towards eKYC solutions. This is very important for eKYC because it assists in preventing fraud, ensures regulatory compliance, and improves customer experiences. However, implementing eKYC solutio

/payments /inclusion

Ruchi Rathor

Ruchi Rathor Founder at Payomatix Technologies

Trends in Financial Services and the Role of AI

Trends in Financial Services and the Role of AI The financial services industry is undergoing a profound transformation, driven by rapid technological advancements, changing consumer expectations, and evolving regulatory landscapes. Among the various technologies reshaping this sector, Artificial Intelligence (AI) stands out as a key driver of inn...

/ai /payments Trends in Financial Services

Sergiy Fitsak

Sergiy Fitsak Managing Director, Fintech Expert at Softjourn

Top 10 Challenges in Cloud Migration: Strategies for Success in 2024

For many companies today, the question is no longer "Should we migrate to the cloud?" but "What should we migrate, and how quickly should we do it?" By understanding the challenges involved in large-scale cloud migrations, businesses can create more effective implementation strategies and avoid common pitfalls such as security...

/payments /retail Banking Strategy, Digital and Transformation

All community in /payments
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Trending

Patrick Bermingham

Patrick Bermingham CEO at Adflex

The AI Act: what impact will Artificial Intelligence really have on B2B payments?

Nikunj Gundaniya

Nikunj Gundaniya Product manager at Digipay.guru

Overcoming the challenges in implementing eKYC solution in your business

Ruchi Rathor

Ruchi Rathor Founder at Payomatix Technologies

Trends in Financial Services and the Role of AI

Sergiy Fitsak

Sergiy Fitsak Managing Director, Fintech Expert at Softjourn

Top 10 Challenges in Cloud Migration: Strategies for Success in 2024

Abhinav Paliwal

Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform

What does the term Omnichannel specifically mean in the context of financial services?

/payments

Research

Microservices Architecture: Future-Proofing Payments Technology

Impact Study

Microservices Architecture: Future-Proofing Payments Technology

It is high time for banks to move away from legacy thinking and embrace modernisation to remain competitive in the industry. Financial institutions have long been threatened by innovative, tech-savvy fintech firms that do not have to maintain decades-old back-office systems. Core banking systems within banks have evolved, but with additional pressure from incoming regulation and subsequent reporting, progression and modernisation has not kept pace with industry developments. In the US alone, the real-time payments market is expected to grow at a compound annual growth rate of 31% until 2030. An institution’s success in scaling their payment processing in response to this shift will rest heavily on how their systems are set up. Cloud-native payments processing is the most viable option to keep pace with innovation demand and competition; enabling banks to build upon flexibility, at low cost and risk. These enablers also make cloud infrastructure – both public and private – attractive for banks that have struggled to streamline, maintain and upgrade their legacy infrastructures. This research paper, produced in association with Diebold Nixdorf, explores the opportunities of microservices architecture. It discusses: Then & Now: Monolithic vs. microservices architecture Overcoming microservice challenges The benefits of a micro-approach Real-world examples and cases studies And more.

9 downloads

APIs, Automation, and AI

White Paper

APIs, Automation, and AI

An Arsenal to Defend Against Card Transaction Fraud Fraudsters are no longer individuals who are looking to infiltrate gaps or weaknesses in how our businesses are set up. They are expert technologists and strategists that steal customer data, take over accounts and break into tough security measures. Between 2023 and 2027, merchants are expected to lose a total of $343 billion to online payment fraud, driving home the point that the time is now for technology to be leveraged to reduce card transaction fraud, which is growing in numbers and complexity. APIs, automation, and AI are all integral to an effective fraud mitigation strategy in 2024. This Finextra whitepaper, produced in association with Mastercard, discusses how these technologies – if used in the right way – can support financial institutions evolve to emerging threats with increased speed and accuracy.

189 downloads

Payment Fraud in 2024: Who is Liable?

Impact Study

Payment Fraud in 2024: Who is Liable?

Fraud is a billion-dollar business in the Instant Payments era. Statistics show that ecommerce fraud is predicted to exceed $48 billion globally by the end of 2023 alone and could exceed $362 billion between 2023 and 2028.  In 2024, banks will not only contend with the changing liability landscape, but the upcoming adoption of ISO 20022 as well. Both represent a historical shift in the financial services industry. To prepare for a higher degree of liability in a data-rich environment, banks need to address the holistic landscape of fraud mitigation.  This Finextra impact study, produced in association with NICE Actimize, addresses the changing liability landscape and what banks need to do to prepare for regulatory changes and increased fraud protection.  We cover:  Shifting liability and the impact of new PSR regulation  ISO 20022’s impact on the financial industry  Financial industry priorities in 2024  And more. 

603 downloads

All /payments research
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FinextraTV

The Intersection of Wildlife Trafficking and Financial Crime

The Intersection of Wildlife Trafficking and Financial Crime

FinextraTV, Julia Thorn, Senior Marketing Manager, Financial Crime Compliance, LexisNexis® Risk Solutions and Robert Campbell, Programme Director of United for Wildlife, The Royal Foundation of The Prince and Princess of Wales, dive deep into their recently released report on how wildlife trafficking can be combatted with the power of collaboration. Exploring the objectives of the report, the pair doubled down on the importance of enforcement data and how this data can be used for good by looking for patterns that are more relevant to financial institutions than first thought. Further, financial institutions must consider wildlife trafficking as organised crime and as the money involved cannot be hidden under the bed - it moves through commercial entities such as airports and shipping ports - this form of money laundering must be mitigated.

2024 Payments Trends and Adding Value

2024 Payments Trends and Adding Value

How the Commercial Payments Market is Evolving

How the Commercial Payments Market is Evolving

Why Traditional AI should be used alongside Generative AI for Fraud Prevention

Why Traditional AI should be used alongside Generative AI for Fraud Prevention

Reimagining Your Core: How Banks Can Thrive Amidst Rapid Technological Change

Reimagining Your Core: How Banks Can Thrive Amidst Rapid Technological Change

All /payments on FinextraTV
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Events

September 2024

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September 2024

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Webinar

Real Time Goes Global: Expanding Revenue Potential Beyond Borders

How real-time will hit the big time and expand revenue potential for financial institutions of all sizes.

Speakers from: CGI Inc., Mastercard

Online 242

Webinar

Payment Scams and Fraud: Changing Bank Behaviour and Regulatory Frameworks

Is the financial services industry acknowledging that there is a shared responsibility between banks and consumers to protect accounts and payments?

Speakers from: LHV Bank, Outseer, Thistle Initiatives

Online 439

Webinar

Payment Orchestration: Remaining Relevant in Today’s Market

How can businesses offer a closed-loop, single vendor approach and an open-loop, multi-acquiring strategy at the same time?

Speakers from: ACI Worldwide, BNY

Online 405

Webinar

Banks and Credit Unions: How to Establish the Core Banking Blueprint

What upgrades in core architecture must growing institutions consider to enable productive client banking relationships?

Speakers from: i2c Inc., Ohpen, Ikano Bank

Online 216

4 Events in September
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October 2024

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October 2024

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Webinar

Winning Payment Strategies for High-Opportunity Industries

What fintech trends are shaping the future of high opportunity industries?

Online

1 Event in October
Show
All /payments events
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Long reads

What is embedded finance?
Hamish Monk

Hamish Monk Reporter at Finextra

What is embedded finance?

The Covid-19 pandemic was one of the key drivers (open banking the enabler) of global embedded finance adoption. According to Global Market Insights, the embedded finance market shot to $58 billion by 2022, and is estimated to clock-in a 29% compound annual growth rate (CAGR) until 2032 – by which point it could exceed $730 billion​. A new ecosys...

The top payment stories you missed in July
Dominique Dierks

Dominique Dierks Content Manager at Finextra

The top payment stories you missed in July

It was an eventful month in the financial sector. Catch up on six of our most-read news and updates from July 2024. Revolut is finally granted a UK banking license After three years of trying, Revolut has been granted a banking license, with restrictions, by the Financial Conduct Authority. Once the ‘mobilisation stage’ has been completed and the r...

Payments processing: Why banks should take a composable approach
Madhvi Mavadiya

Madhvi Mavadiya Head of Content at Finextra

Payments processing: Why banks should take a composable approach

Over the last two decades, many banks have faced the frustration of being locked into high operating costs. Minimal budgets cannot meet business needs for expansion or support the improvement of product offerings. This is partly due to regulatory requirements consuming the lion’s share of the budget and the high cost of maintaining legacy systems. ...

All /payments long reads

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