The Finance Weekly

FEBRUARY 23, 2022

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.

Automation 208

Automation Process Economy Research 208

FICO

FEBRUARY 23, 2022

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.

Scams 98

Scams Fraud Detection Smishing Fraud Prevention 98

Agile Payments

FEBRUARY 23, 2022

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.

Automation 88

Automation Technology 88

The Paypers

FEBRUARY 25, 2022

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

Rules 78

Rules 78

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.

AI

The Finance Weekly

FEBRUARY 20, 2022

The corporate landscape throughout the world appears to be in a never-ending state of transformation. Supply chain shortages, major gaps in the workforce, and a never-ending pandemic are impacting each and every industry and contributing to this perpetual state of uncertainty. Is your business set up to handle these dynamic market conditions? Do you have the resources to adapt?

Finance 130

Finance Payroll Assessments Process 130

CB Insights

FEBRUARY 22, 2022

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.

Credit Cards 65

Credit Cards Assessments B2B Participant 65

The Paypers

FEBRUARY 25, 2022

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

OFAC 74

OFAC Blocks 74

FICO

FEBRUARY 25, 2022

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.

Scams 52

Scams Payee Romance Scams Payments 52

CB Insights

FEBRUARY 25, 2022

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.

BNPL 63

BNPL Volume Participant Research 63

Axway

FEBRUARY 21, 2022

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.

End User 59

End User Embedded Finance Finance 59

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

Payments

The Paypers

FEBRUARY 23, 2022

Transformative credit assessment platform, Uplinq , has partnered with fundii , an equity fundraising platform dedicated to tech startups across the Middle East and North Africa (MENA) region.

Assessments 74

Assessments 74

FICO

FEBRUARY 24, 2022

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.

Money Laundering 52

Money Laundering Financial Crimes Crime AML 52

CB Insights

FEBRUARY 22, 2022

Employment Hero , a human resources software provider, has raised $129M in a Series F funding round that drew participation from AirTree Ventures, OneVentures, and SEEK, among others. HOW’S THE COMPANY PERFORMING? Australia-based Employment Hero enables SMEs to manage employment processes, such as those related to payroll, employee benefits and retirement, employment contracts, and accounting.

Payroll 63

Payroll Participant Acquirers Research 63

Ikajo

FEBRUARY 24, 2022

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.

Payment APIs and Integration 52

Payment APIs and Integration Payments Gateways On-Demand 52

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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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The Paypers

FEBRUARY 22, 2022

FedEx Express , a subsidiary of global express transportation company FedEx, has announced a strategic partnership with US-based SaaS ecommerce platform BigCommerce.

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Axway

FEBRUARY 23, 2022

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.

API 52

API Security Process Consumer 52

CB Insights

FEBRUARY 23, 2022

Found , a digital bank for freelancers, has raised $60M in a Series B. The round drew participation from Founders Fund and Sequoia Capital. HOW’S THE COMPANY PERFORMING? California-based Found offers a suite of financial services for self-employed workers via its mobile app. Over the past year, the company has increased its customer base by more than 20x.

Participant 61

Participant Research Posting 61

FICO

FEBRUARY 23, 2022

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.

Scams 52

Scams Consumer Fraud Detection Smishing 52

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Payments

The Paypers

FEBRUARY 21, 2022

A data leak has revealed details of the accounts and hidden wealth of more than 18,000 foreign clients of Credit Suisse.

Accounts 69

Accounts 69

Axway

FEBRUARY 23, 2022

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.

API 52

API Security Process Consumer 52

Fintech Labs Insights

FEBRUARY 22, 2022

Since cryptocurrency is such a hot sector, we created a separate offshoot of our Fintech Unicorn list tracking crypto/blockchain startups involved in financial services ( see definitions below ). We are not including all crypto companies, only those that have financial services activity as a core part of their offering ( eg., crypto exchange, lender, accounting, blockchain infrastructure, and so on ).

FinTech 15

FinTech NOV NFTs Bitcoin 15

The Paypers

FEBRUARY 21, 2022

Brazil-based fintech Mercado Pago has announced that it will allow transactions by initiating a payment, based on the ITP number, created in the third stage of Open Banking.

Payments 69

Payments Transactions FinTech 69

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.

B2C

The Paypers

FEBRUARY 22, 2022

Sweden-based regtech company ZignSec has partnered with Asiapay to automate the latter’s digital onboarding process.

Automation 64

Automation Process 64

The Paypers

FEBRUARY 25, 2022

The National Bank of Ukraine has issued new rules outing how banks will operate after the Martial Law declaration on 24 February 2022.

Laws 62

Laws Rules 62

The Paypers

FEBRUARY 25, 2022

Google Pay India has announced that customers using the service in the country can now apply and receive personal loans through the company’s payment service app.

Payments 58

Payments 58

The Paypers

FEBRUARY 22, 2022

Cryptocurrency exchange Binance has joined the Association of Banks of Russia (ABR).

Cryptocurrency 56

Cryptocurrency 56

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.

Payments

The Paypers

FEBRUARY 22, 2022

Bank Negara Malaysia , the country’s central bank, has announced it will award up to five digital banking licenses out of the 29 applicants enrolled in the programme.

Enrollments 56

Enrollments Central Bank 56

The Paypers

FEBRUARY 21, 2022

Augmented reality platform Nextech AR has rolled out ARitize Swirls and ARitize Social Swirls to allow ecommerce sites to advertise with 3D banners and to use 3D/AR filters re on social media, respectively.

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The Paypers

FEBRUARY 22, 2022

Kenya-based Open Finance infrastructure startup Credrails has raised an undisclosed amount of seed funding as it works towards connecting the whole of Africa to its API.

Finance 53

Finance API 53

The Paypers

FEBRUARY 21, 2022

Mastercard has revealed the expansion of its new interactive business intelligence programme within the Middle East and Africa.

Visa 53

Visa 53

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