April, 2024

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Remote Work Business Continuity: Best Practices

VISTA InfoSec

Incorporating remote work among companies has been one of the developments in recent years. In fact, a staggering 98% of employees express their desire to have this kind of dynamic in their jobs. The shift is here to stay as more and more organizations are adopting it as part of their work culture because of its many advantages. This integration is essential as employers move forward with their business continuity plans.

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Fed seeks 8,000 financial institutions for FedNow

Payments Dive

About 700 financial institutions have connected to the Fed’s instant payment network since last July, with at least 1,000 more in the pipeline, a FedNow official said this week.

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Coffee with the Council Podcast: Help Shape the Future of Payment Security as a PCI SSC Participating Organization

PCI Security Standards

Welcome to our podcast series, Coffee with the Council. I'm Alicia Malone, Senior Manager of Public Relations for the PCI Security Standards Council. At our Community Meetings in 2022, the Council announced a significant change to its Participating Organization program. Today, I am joined by the Council's Senior Vice President of Education and Engagement, Mark Meissner who has been spearheading this effort, and is going to talk about some of these changes over the past couple of years, and how t

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HSBC and PayPal tackle quantum-safe cryptography in payments

Finextra

HSBC and PayPal are among the founding member of a new working group investigating the adoption of quantum-safe cryptography in the payments industry.

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Future-Proofing Enterprise Commerce: Why Extensibility Wins with Shopify

Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón

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UK Banks Urged to Act Now Ahead of New Cross-Border Payments Legislation ISO 20022 to Prevent Exclusion from International Payment Networks

Fintech Finance

With just over 18 months to go until the ISO 20022 compliance deadline, leading Quality Engineering company, Roq , is urging UK financial institutions to take the necessary measures now to finalise their plans and focus on the execution of a programme that is, by all published metrics, some way behind the curve. Failure to meet the date has major ramifications for individual organisations and perhaps the UK’s financial services sector in part or whole.

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Laos and Brunei Joins ASEAN’s Initiative for Real-Time Cross Border Payments

Fintech News

The Central Bank of Brunei Darussalam (BDCB) and the Bank of the Lao PDR (BOL) have formally joined the Regional Payment Connectivity (RPC) initiative. This expansion brings the number of ASEAN central banks involved in the RPC to eight, joining the ranks of Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam. The initiative, which began in late 2022, aims to make cross-border payments faster, more affordable, transparent, and inclusive, leveraging technologies like QR code-based

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Real-time consumer payments need standards to rise

Payments Dive

To make instant payments a reality for consumers, the payments industry must work together to develop a common framework for the transactions, top industry executives say.

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UK Finance Taps R3 and Quant for Blockchain Prototype to Advance Digital Payments Infrastructure

The Fintech Times

The UK’s Regulated Liability Network has chosen R3 , a company specialising in enterprise distributed ledger technology and services, as well as Quant , a blockchain provider for finance, to develop the technology prototype for its experimental stage. This initiative, spearheaded by UK Finance and backed by EY , aims to advance regulatory solutions within the financial sector.

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Central banks embark on tokenisation project

Finextra

The Bank for International Settlements together with seven central banks is embarking on a major project to explore tokenisation of cross-border payments.

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Same Day ACH and B2B Propel ACH Network Growth in the First Quarter

NACHA

Same Day ACH and B2B Propel ACH Network Growth in the First Quarter mkahn@nacha.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Unmasking the Threat of Deepfake Scams in the Financial Sector of Asia

Fintech News

In the contemporary digital world, the proliferation of deepfake technology and generative AI heralds an era fraught with online scam challenges, notably within the financial sector in Asia. This burgeoning technology, characterized by its ability to create indistinguishably fraudulent audio and visual content, not only complicates the process of identity verification but also emboldens cybercriminals, precipitating substantial financial losses.

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Inside LemFi’s play to be fintech to the Global South diaspora

TechCrunch Fintech

The African tech ecosystem, buffeted by huge potential but also lots of economic, political and social instabilities, is no stranger to major drama affecting even its most promising-looking startups. But recently, LemFi, the Nigeria-based fintech that provides money transfer services to African migrants, is shaping up as an example of a bounce-back — and a […] © 2024 TechCrunch.

FinTech 139
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Fed courts nonbanks for FedNow growth

Payments Dive

The Federal Reserve is stressing the importance of fintechs and core providers for the future expansion of its new instant payments system FedNow.

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How Has AI Impacted the Embedded Finance Space in Recent Years?

The Fintech Times

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. As the space rapidly develops, we look to highlight the latest developments, initiatives and challenges embedded finance has to offer and overcome across the globe. Artificial Intelligence (AI) has dominated discussion across all fintech sub-sectors for at least the last couple of years and continues to do so.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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Santander brings Openbank digital brand to US

Finextra

Santander is launching its Openbank digital offering across the United States and Mexico.

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PCI DSS Compliance For Banks

VISTA InfoSec

In today’s digital era, financial transactions are carried out using cards daily. It is of utmost importance for banks to ensure the safety and security of the cardholders’ data. The Payment Card Industry Data Security Standard (PCI DSS) compliance 4.0 offers essential guidelines and a framework to safeguard cardholders’ data and mitigate any potential data breaches that may occur in banks.

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Quickbooks Integrations for Better Connectivity and Reporting

The Finance Weekly

Right now, around 26.56 million businesses in the US use QuickBooks Desktop, while 5.3 million opt for QuickBooks Online (QBO). QuickBooks Online, the cloud-based version, really shines for many reasons and is popular with small business owners. It's way easier to use than the desktop one. What really sets it apart for a lot of companies is the ton of integrations available.

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TransferGo raises $10M to expand its remittance business in Asia, doubling valuation

TechCrunch Fintech

TransferGo, the UK-based fintech best known as a consumer platform for global remittances, has raised a $10 million growth funding round from Taiwan-based investor Taiwania Capital, with a view to expanding in the Asia-Pacific region. It last raised a $50M Series C funding round in 2021. TransferGo claims the new investment doubles its valuation to […] © 2024 TechCrunch.

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Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio

Build a sustainable merchant services portfolio with practical strategies to ensure long-term success. Diversify across industries to spread risk and stabilize income, balancing high-risk and low-risk clients for a robust mix. Combine large and small merchants to create a resilient payment portfolio, leveraging each type's strengths. Foster long-term relationships through exceptional service and personalized support.

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Amazon to drop ‘just walk out’ at some grocery stores

Payments Dive

The e-commerce giant will replace the grab-and-go tech with its smart shopping carts in its Amazon Fresh grocery stores, a tech media outlet reported.

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Unveiling the Future: Insights from Token2049 on Crypto, Web3 and the Evolution of Finance

The Fintech Times

The Fintech Times recently attended Token2049, the premier crypto event held annually in Dubai and Singapore where founders and executives of leading Web3 companies and projects meet, network and share their views on the industry. There were several opportunities for us to catch up with industry leaders throughout the event, to understand the overlap between the traditional financial services sector and this fast-expanding world of crypto.

Finance 130
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Chips migrates to ISO 20022 message format

Finextra

The Clearing House's Chips private-sector high-value clearing and settlement system has migrated to the ISO 20022 messaging format.

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Proxies Explained: The First Line Of Defense In Cybersecurity

VISTA InfoSec

Cybersecurity is vital in today’s fast-paced digital world, where keeping your private information safe is as crucial as the technology itself. Proxies are key players in this arena, not just for the tech-savvy but for everyone online. They work quietly behind the scenes, rerouting your internet traffic to keep your activities private, speed up your browsing, and even unlock content that’s out of reach due to geographic restrictions.

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Secrets of a Successful Sale: Optimizing Your Checkout Process

Speaker: David Nisbet, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

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5 Habits of Highly Effective CFOs

The Finance Weekly

What could go wrong if your Chief Financial Officer (CFO) is not effective in their job? They could steer your company towards poor financial decisions, like risky investments, inaccurate budgeting, or insufficient cost control. Their absence of a clear financial strategy might also jeopardize the business, hindering the attainment of long-term growth and profitability objectives.

Finance 130
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Stripe, doubling down on embedded finance, de-couples payments from the rest of its stack

TechCrunch Fintech

Stripe continues to hold the title of being the biggest financial technology business still in private hands, with a current valuation of about $65 billion and a whopping $1 trillion in total processed payment volume last year alone. But fintech is fragmented and a fast-moving target, and with competitors chipping away at its place, Stripe is […] © 2024 TechCrunch.

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Gen Z clings to new payment tools

Payments Dive

Gen Zers will abandon a transaction in one out of two cases if their preferred payment method isn’t available, says an EY payments specialist, citing the firm’s survey results.

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Shepherd: How Stripe adapted Chronon to scale ML feature development

Stripe

This blog discusses the technical details of how we built Shepherd and how we are expanding the capabilities of Chronon to meet Stripe’s scale.

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The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto and John Vurdelja

Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever

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National Bank of Iraq goes live with Temenos core banking and payments

Finextra

Temenos (SIX: TEMN) today announced that National Bank of Iraq (NBI), part of the Capital Bank Group, has successfully gone live with Temenos core banking and payments.

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5 Common Cybersecurity Blunders Often Made by Commercial Enterprises

VISTA InfoSec

Big businesses carving out their place in the digital age find themselves in a constant battle against cybersecurity threats. Despite their access to state-of-the-art technology and substantial financial resources, these commercial giants are not impervious to attacks. The complexity of their networks and the voluminous data they handle magnify their attractiveness as targets for cybercriminals.

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Best Finance Software for 2024

The Finance Weekly

Every modern enterprise, regardless of size, requires finance software to manage various aspects of its financial health. This includes tracking past financial activities, ensuring compliance and reporting, as well as forecasting future financial scenarios for better budgeting. However, with the abundance of finance software available today, selecting the right one can feel overwhelming.

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Klarna credit card launches in the US as Swedish fintech grows its market presence

TechCrunch Fintech

Klarna is launching its credit card in the United States, the Swedish fintech giant told TechCrunch in an exclusive interview. “It was one of our most asked for products,” said David Fock, Klarna’s chief product officer, “and will allow people to pay in the Klarna way but with a card.” By “Klarna way,” Fock means […] © 2024 TechCrunch. All rights reserved.

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eCommerce in 2025: How Customer Experience Drives Online Retail Success

Speaker: Jennifer Wright and Nick Barron

2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt