January, 2023

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List of Layoff Announcements So Far in 2023

The Finance Weekly

While 2023 has just started, the economic turbulence that has carried over from 2022 is as strong as ever. We are only a few weeks into the year and there have already been some massive layoff announcements from big companies such as Amazon and Salesforce. In 2022, more than 120 large U.S. companies conducted major rounds of layoffs, cutting nearly 125,000 employees, according to , Forbes’ layoff tracker.

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6 payments trends to watch in 2023

Payments Dive

FedNow, embedded payments, deal-making, cybersecurity and more mature BNPL will be dominant themes, among others, in the industry this year.

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Analyzing a16z’s fintech investment strategy: Where did the VC place its biggest bets in 2022?

CB Insights

The fintech industry took a hard hit in 2022 as investors scaled back their investments amid market turmoil. However, some top investors like Andreessen Horowitz (a16z) remained active in the space across various deal stages, valuations, geographies, and sub-industries. Fintech is central to a16z’s investment strategy. In recent years, the firm has not only shored up its presence in more familiar sectors like banking, but also reached deeper into newer territory like blockchain.

FinTech 101
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Downgrading Credit Card

Payment Savvy

If you are one of the ten million-plus American businesses with a merchant processing credit card account, the chances are you are aware of an industry term known as interchange. As with many aspects of banking and merchant processing among credit card issuers, the term represents something slightly confusing (at best) and incredibly bewildering (at worse), with lots of banking jargon and terminology thrown into the language to confuse you a little further.

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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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Advantages of Authenticating Ownership of Bank Accounts

Agile Payments

Authenticating ownership of a bank account is a crucial step in ensuring the security and integrity of financial transactions. It is a process of verifying that the person claiming to own a bank account is indeed the rightful owner. This can be done through a variety of means, including providing personal identification, answering security questions, or providing a signature.

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Neobank Ruuky files for bankruptcy 

The Paypers

Germany-based neobank Ruuky has filed for bankruptcy because of a failed round of financing.

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More Trending

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These payments companies could be acquisition targets

Payments Dive

With industry acquisitions ramping up this year, payments analysts have pinpointed a pack of potential payments company targets.

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11 Tech Trends To Watch Closely in 2023

CB Insights

Inflation. Interest rates. Supply chains. Market volatility. Projected growth. After 2022’s countless shake-ups, many are hoping that the new year will usher in a renewed sense of dynamism — and maybe even optimism — in the tech world as “the new normal” shifts once again. If nothing else, the coming year will certainly prove that nothing in tech stays the same for long.

Research 101
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Rethinking API security to meet today’s threats

Axway

APIs are everywhere and hackers are licking their chops.

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Ways SaaS Can Streamline Your Business Planning Process

Agile Payments

Ways SaaS Can Streamline Your Business Planning Process

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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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Africa-based Flutterwave to reportedly buy Railsr

The Paypers

African payments fintech Flutterwave and existing Railsr shareholders have reportedly planned to acquire the UK-based Banking-as-a-Service company, according to Sky News.

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The Future of Financial Leadership: Aligning Operational and Strategic CFOs

The Finance Weekly

The CFO role traditionally has two high-level leadership archetypes: strategic and operational. Though both have many of the same responsibilities, each type carries different expertise. An operational CFO optimizes performance by combining data from various departments with financial data. A strategic CFO focuses on creating long-term plans to achieve the company's goals.

Finance 245
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PayPal to cut 7% of its workforce

Payments Dive

The digital payments pioneer said it’s cutting 2,000 employees as the company seeks to adapt to a new, more competitive environment.

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State of Fintech 2022 Report

CB Insights

Global fintech funding reached $75.2B in 2022 — marking a 46% drop from 2021, but up 52% compared to 2020. The funding slowdown was especially severe in the second half of the year, with Q4’22 funding clocking in at $10.7B — the lowest quarterly level since 2018. Overall, deals fell 8% year-over-year to reached 5,048 in 2022. Africa was the only major region to see deals increase compared to 2021.

FinTech 66
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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 open banking to North America in 2023

Axway

A recent announcement from Director Chopra of the Consumer Financial Protection Bureau (CFPB) openly declares the coming of a U.S. open banking rule, representing a significant shift in the financial services landscape.

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Open Banking Limited publishes Trustee End of Implementation Roadmap summary report

Open Banking

Charlotte Crosswell, Chair and Trustee of Open Banking Limited (OBL), has today published her End of Implementation Roadmap summary report , marking the conclusion of her mandate as Implementation Trustee. The report details Charlotte’s Trustee recommendations to the Competition and Markets Authority (CMA) on how to maintain the ongoing requirements of the Retail Banking Market Investigation Order (the Order).

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Tenable launches Tenable Ventures to support new cybersecurity technologies

The Paypers

US-based cybersecurity company Tenable has announced Tenable Ventures, a corporate investment programme that supports cybersecurity startups.

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UK Credit Cards: More Consumers Missing Second, Third Payments

FICO

Home Blog FICO UK Credit Cards: More Consumers Missing Second, Third Payments FICO's monthly report on UK credit cards shows some financial resilience on the part of consumers, but a trend toward payment slippage Darcy Sullivan Tue, 11/10/2020 - 12:17 by Liz Ruddick Principal Consultant expand_less Back To Top Tue, 01/24/2023 - 20:35 How was spending on UK credit cards in the run-up to Christmas — and what does it say about consumers' financial health?

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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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What payments can expect from Washington this year

Payments Dive

From buy now, pay later to peer-to-peer payment fraud, there’s no shortage of payments targets for lawmakers and regulators.

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Prioritizing 8 technologies helping wealth managers and financial advisors maintain a competitive edge

CB Insights

With the rise of retail investment platforms, the investment landscape has changed dramatically in the last decade. These solutions allow individuals to bypass institutional investors and control their own portfolios, offering a cheaper, faster, and more hands-on experience. DOWNLOAD THE STATE OF FINTECH 2022 REPORT Get the latest data on global fintech investment trends, the unicorn club, sectors from banking to payments, and more.

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Custodians of money to custodians of data and trust – an interview with David Birch

Axway

The following article is an adapted transcript based on the audio recording of Season 3, Episode 8 of the Mr. Open Banking podcast. The audio version is available here.

Finance 59
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Marion King appointed as new Chair and Trustee of the Open Banking Implementation Entity

Open Banking

The Open Banking Implementation Entity (OBIE) has today announced that Marion King has been appointed as its new Chair and Trustee and will commence her Trustee mandate on 1 February 2023. Marion’s appointment follows a robust recruitment process led by the Competition and Markets Authority (CMA). She will succeed Charlotte Crosswell, the current Chair and Trustee, who steps down on 31 January following completion of her Trustee mandate.

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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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Binance SWIFT partner to ban USD transfers below USD 100,000

The Paypers

Binance has announced that one of its SWIFT partners has decided to ban USD transfers below USD 100,000 as of 1 February 2023.

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Five Opportunities that ISVs Can’t Afford to Miss

PayJunction

A new year presents independent software vendors (ISVs) with fresh opportunities to invest in solutions, processes, and partnerships that help attract new customers, deepen existing relationships and generate new revenue streams. Hope is not a strategy, and success requires focus, measurable goals and due diligence so that ISVs can celebrate accomplishments and be prepared for the future.

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Durbin to reintroduce credit card competition bill

Payments Dive

The Democrat’s bill takes aim at the Visa-Mastercard duopoly, but faces an uphill battle for passage in a House controlled by Republicans.

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Analyzing Block’s growth strategy: How the fintech giant formerly known as Square is evolving beyond payments

CB Insights

Square provides commerce solutions and business software for millions of brands and small businesses. In December 2021, Square changed its corporate name to Block , separating the corporate entity from its subsidiary businesses that it calls its “building blocks.” Those include Square, Cash App , Spiral , Tidal , and TBD. Over the last 2 years, Block’s expansion activity through acquisitions, investments, and partnerships point to 2 clear goals for the evolution of the company

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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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API-enabled B2B will help “Open Everything” in the automotive industry

Axway

It is difficult to imagine an automotive industry without EDI.

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Risk and Lending Predictions 2023: Hyper-Personalisation and More

FICO

Home Blog FICO Risk and Lending Predictions 2023: Hyper-Personalisation and More Hyper-personalizing customer treatments, understanding borrowers' financial resilience and scenario simulation and testing will all be priorities for financial services FICO Admin Thu, 12/19/2019 - 16:29 by Doug Craddock Senior Principal Consultant expand_less Back To Top Thu, 01/19/2023 - 12:15 During the past two years the industry has seen a series of once-in-a-generation events take place with the global pandemi

Risk 52
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IBF Net launches Netverse on the Algorand blockchain

The Paypers

Indonesia-based IBF Net has launched the world’s first Metaverse on the Algorand blockchain in order to support digitalisation in the Islamic world.

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How to Create and Setup Online Ordering for Restaurants

BNA Smart Payment

Discover how to create and set up online ordering for restaurants inside this guide.

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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