February, 2022

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This FP&A Factor will Cost US Businesses $7,800,000,000 in 2022

The Finance Weekly

Billions of dollars is a lot to lose, especially in regards to a largely avoidable mistake. A study by the University of Baltimore and Excel-based FP&A company, , DataRails , lays out the full economic costs of businesses sticking with manually prepared financial reports. Breaking down the Math. $6.1 billion is the first number that came out of the research and this represents the total amount of money lost by manual financial work.

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State Of Blockchain 2021 Report

CB Insights

Global blockchain deals and dollars shattered records in 2021. Funding grew 713% year-over-year as investors poured money into crypto and NFT startups. In our State Of Blockchain 2021 Report, we dig into global investment trends to spotlight takeaways like: What drove the biggest year in blockchain funding yet — and what’s on the horizon. The record unicorn count, unicorn birth trends, and the highest-valued startups to close out the year.

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Fraud Scams Skyrocket, But People Worry More About Pickpockets

FICO

When it comes to fraud, are people worried about the wrong things? New data suggest that people are concerned about fraud, but one of the biggest threats seems to be flying under the radar, at least for consumers. That threat is fraud scams – tactics and techniques that fraudsters are using to trick people into giving away their money. The financial impact of scams is staggering indeed: in the UK alone, authorised push payment (APP) scams accounted for £479 million in gross losses in 2020.

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API Reviews: Scaling Up API Governance

Axway

API reviews are part of the overall API lifecycle. They are used to check that an API’s design matches the API design guidelines.

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Breaking The Commerce Bottleneck: Your SAP Exit Plan Starts Now

Speaker: Jason Cottrell and Gireesh Sahukar

Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.

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Why is Competitor Analysis Crucial to Drive Business Growth?

Agile Payments

Why is Competitor Analysis Crucial to Drive Business Growth? In the fast-paced era of automation and technological advancement, staying ahead in the business space is challenging. Especially when the market arena is noisy and full of intense competition, getting insights on your competitors becomes crucial for your business growth.

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QR payments enabled between Indonesia, Malaysia, and Thailand

The Paypers

The central banks of Malaysia, Thailand, and Indonesia have enabled cross-border QR payments between these countries, as of the end of January 2022.

More Trending

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Building Resilience with Faster Payments

Faster Payments Council

Each year in February, we celebrate America Saves Week, an effort aimed at encouraging consumers to commit to saving. This year's event, which we recognized February 21-25, focused American consumers on "Building Financial Resilience." According to America Saves, "being financially resilient is more than having access to money; it includes being conscious of your own financial landscape, being aware of available resources, and being willing to seek out and take advantage of opportunities that wi

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SME lender for Southeast Asia, Funding Societies, raises $294M in equity and debt. Funding Societies competitors include KoinWorks and Investree.

CB Insights

Funding Societies , a digital financing platform for SMEs in Southeast Asia, has raised $144M in an extended Series C round that drew participation from K3 Ventures, Rapyd Ventures, SoftBank Group, and VNG, among others. The company also raised $150M in debt financing from undisclosed investors. HOW’S THE COMPANY PERFORMING? Singapore-based Funding Societies uses an AI-based credit assessment model to provide loans, credit cards, and expense management and B2B payment services to SMEs.

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Stop tinkering with APIs and start delivering secure business outcomes

Axway

You need a more scalable and consumable way to capitalize on opening key data and processes; you know that. You’re also committed to using APIs to do it.

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First-hand tips on how to increase website productivity

Agile Payments

First-hand tips on how to improve your website productivity. “You never get a second chance to make a good first impression”. What’s true in life and it’s especially true with how your website looks to new viewers. Just a ONE SECOND delay leads to your page losing 11% page views, a 16% drop in customer satisfaction, and a whopping 7% loss in conversion!

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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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European Commission proposes rules for data access across economic sectors

The Paypers

The European Commission has proposed new rules on who can use and access data generated in the EU across all economic sectors.

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2022 Is a Pivotal Year For CFOs

The Finance Weekly

As we approach 2 years since the start of the pandemic, it’s safe to say that most professional long term predictions have been shaky at best. The unpredictability of the pandemic along with market volatility in a global economy has made for some unprecedented financial challenges. In addition, unemployment is low, yet companies are still scrambling to retain and recruit employees.

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Seeking More: Faster Payments in the U.S. and Beyond

Faster Payments Council

This month, the FPC released the results of the third installment of the Faster Payments Barometer, the annual survey that gauges progress and perceptions around faster payments, use cases, trends, and challenges. Each year, the survey is telling: always providing an accurate pulse on where the industry stands with regard to faster payments in the United States. 2021's results spoke loudly, showing us that the industry is doing more but also wants even more when it comes to ubiquitous faster pay

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Corporate card startup Ramp hits $8B valuation with new financing from Founders Fund. Ramp competitors include Brex, Mesh, Pleo, Rho, and Jeeves.

CB Insights

Ramp , a provider of corporate credit cards, has raised $200M in a Series D round that drew participation from Founders Fund. How’s the company performing? New York-based Ramp offers credit cards to SMBs, and it also provides expense management, bill payment, accounting, and reporting services. The company’s clients include Ro, DoNotPay, Bristol Hospice, Walther Farms, ClickUp, and Applied Intuition.

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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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Bringing the open banking promise – and how to get there – into sharper focus

Axway

The practical notion of “open banking” is generally regarded as the exchange of data and services between financial institutions and third-party providers for the purpose of enhancing the capabilities and experiences of end-users.

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Payment Integration Mistakes - The MSB Factor

Agile Payments

It happens on a regular basis; prospective clients contact us because they have a SaaS application in development, usually nearing launch, and they need a solution to pay-out to people or companies that serve a role within the application's ecosystem, but who are not the primary beneficiary of the funds received from a credit card payment.

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OFAC employs further sanctions on Russian financial sector

The Paypers

US-based Office of Foreign Assets Control (OFAC) has expanded sanctions against Russia through blocking two state-owned financial institutions and restricting sovereign debt.

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How Can Banks Stop Authorised Push Payment Fraud?

FICO

A cross-party Treasury Select Committee has called on the UK government to do more to ensure that the victims of authorised push payment scams are reimbursed. Since May 2019, major UK banks have participated in a voluntary code - the Contingent Reimbursement Model (CRM), designed to provide funds back to the victims of authorised push payment fraud or APP fraud.

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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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U.S. Faster Payments Council Shares Results from 3rd Annual Faster Payments Barometer

Faster Payments Council

For Immediate Release Feb. 3, 2022 – The U.S. Faster Payments Council (FPC), in partnership with Glenbrook Partners, today released results from the 3rd annual Faster Payments Barometer. The FPC conducted the latest survey of payments system stakeholders to gauge progress and perceptions around faster payments, trends, use cases, and challenges in the United States.

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Snapshift, An HR Platform For Frontline Workers, Raises $45M. Snapshift Competitors Include Skello, Celayix, Legion, And Reflexis Systems.

CB Insights

Snapshift , an HR and workforce management platform, has raised $45M in a Series A that drew participation from Highland Europe, Bpifrance, and UL Invest. How’s the company performing? France-based Snapshift helps retail and hospitality SMEs manage payroll, scheduling, and productivity. The platform is currently used by over 6K customers including, Subway, Spar, Fitness Park, Amorino, Pizza Hut, and Columbus Café The company, which currently has more than 70 employees, aims to increas

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EasiRun and Axway partner up for successful modernization

Axway

EasiRun is a European provider of tools for application modernization and transformation, assisting enterprises with digital transformation in hybrid environments where Axway’s solutions are essential elements to their foundation.

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2021 ACH Transaction Volume Shows Strong Growth

Agile Payments

2021 ACH Transaction Volume.

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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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NordPass and Cowbell Cyber to augment SME protection

The Paypers

Cowbell Cyber has partnered with password manager NordPass to offer SMEs a security solution.

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The Rise of Money Mules in The Philippines

FICO

How COVID-19 became a catalyst for financial crime. The COVID-19 pandemic has reshaped global economies and left millions unemployed. During the peak of the pandemic, unemployment rates in the Philippines hit a 30-year record high. While things have since improved , this ongoing economic stress will likely make more people susceptible to the siren song of money muling, especially with movement restrictions that severely limit work opportunities.

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How to Use Payment Orchestration Platform

Ikajo

Considering the increase in demand for online shopping and a variety of payment options in recent years, e-commerce merchants should keep up with this pace. The speed of transaction and its fulfillment with no delay shapes customers’ buying experience and encourages them to return to the merchant again and again. It is in the best interest of merchants not only to provide an excellent service but also to use an infrastructure that can expand their business opportunities.

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Scalapay hits $1B valuation as it scales up its European BNPL offering. Scalapay competitors include Klarna, Alma, PayRight, and Divido.

CB Insights

Scalapay , a buy now, pay later (BNPL) company, has raised $497M in a Series B. The round drew participation from Tencent Holdings, Willoughby Capital Management, Deimos Capital, and Tiger Global Management, among others. HOW’S THE COMPANY PERFORMING? Italy-based Scalapay offers a BNPL platform that enables shoppers to pay for goods in installments.

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From Rigid To Resilient: Why Enterprises Need Modular Commerce Now

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

Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.

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The power of platforms to transform telecommunications – Part 3

Axway

This article is part 3 of a four-part series on the power of API-powered platforms to transform the telecommunications industry.

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A Guide to Wireless Credit Card Payment Processing

BNG Payments

Wireless Credit Card Processing A Guide to Wireless Credit Card Payment Processing Portable card machines are designed to operate via built-in Bluetooth capability, and connect wirelessly through the internet. Once a customer's payment is read by one of these terminals it will then contact their bank in order verify if there are enough funds available for purchase before complete transaction processing.

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UPI goes global with Nepal as its first integrated country

The Paypers

The National Payments Corporation of India ( NPCI ) has announced that Nepal has become the first country outside India to adopt UPI.

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Fraud Scams Skyrocket, But Consumers Are More Concerned About Pickpockets

FICO

When it comes to fraud, are people worried about the wrong things? New data suggest that people are concerned about fraud, but one of the biggest threats seems to be flying under the radar, at least for consumers. That threat is fraud scams – tactics and techniques that fraudsters are using to trick people into giving away their money. The financial impact of scams is staggering indeed: in the UK alone, authorised push payment (APP) scams accounted for £479 million in gross losses in 2020.

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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