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Machine Learning Stabilizes Business Continuity During COVID

PYMNTS

This highlights an opportunity to increase operational efficiencies and meet customer demands.”. Consumers want access anytime, anywhere and with any device, creating a situation where businessescontinuity plans are challenged and stressed. Alert rates have stayed flat and fraud detection has gone unchanged.

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How Pay-on-Demand Could Free Millions From Financial Hardship Across Africa: CloudPay

The Fintech Times

Pay-on-demand, which utilises digital wallets and enables workers to access their accrued earnings through mobile devices, continues to grow in popularity across the globe. Pay-on-demand, sometimes referred to as Earned-Wage-Access (EWA), is a concept that is taking off across the globe.

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Tokenisation 2.0: Are we ready for the next generation of payment security?

The Payments Association

While still central to security, modern tokenisation addresses broader demands: interoperability across platforms, reduced operational costs, and improved customer experience. Unlike static gateway or acquirer tokens, network tokens adapt in real time to changes such as card reissuance or expiry, ensuring continuity in payment flows.

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Ramifications of the Ukraine Crisis for the Finance Function & How to Deal with It

The Finance Weekly

Whether or not the worst is yet to come, organizations and government agencies (especially those responsible for critical infrastructure) must be ready for a potential escalation in cyberattacks, as well as consumer and stakeholder demands for privacy protections.

Finance 269
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Fraudsters Turn to WhatsApp: Revolut Reveals UK Consumers Lose £2,437 From WhatsApp Scams

The Fintech Times

Revolut’s call for change Revolut is demanding: Shared reimbursement: Social media companies commit to sharing reimbursement for victims of scams originating on their platforms. Revoluts analysis showed that Brits are the most vulnerable to WhatsApp fraud , ranking the worst affected in Europe in 2024.

Scams 59
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Singapore Authorities Issue Warning on Akira Ransomware Threat

Fintech News

The Akira threat group targets a wide range of sectors, including education, finance, manufacturing, and healthcare, demanding ransoms based on the victim’s business profile. Maintaining routine backups of critical data is essential for ensuring business continuity.

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On-Demand Disruptors In T&E: Uber, Airbnb — And Craigslist?

PYMNTS

Businesses continued to spend less on traditional taxis and hotels, with “miscellaneous” spending increasing by an average of more than $12 last year compared to the year prior, making up nearly 13 percent of all corporate travel spend. Ridesharing isn’t the only on-demand economy making waves in corporate travel.