243 Results from 2020, /payments
Konstantin Rabin Head of Marketing at Kontomatik
Illegal financial activities are some of the most common issues the governments of different countries have to face and that is why there are more and more new ways and methods of dealing with this issue used by authorities in order to combat this form of illicit activity. Russia is none of the exceptions and is a hub of financial scams. And now t...
06 August 2020 /payments /regulation Financial Inclusion
Eugene Rudenko Marketing manager at Aetsoft
Among the lending firms that fall victim to hacker attacks, mid-large ones surprisingly become the primary targets. LexisNexis reports that only last year, 2,000 mid-large financial services firms and over 1,500 loan vendors suffered from hackers each month. For smaller companies, the figures are more modest: 1,000 and 640 monthly attacks, respect...
06 August 2020 /security /payments Trends in Financial Services
Kristen Jason Senior Product Marketing Manager at Alacriti
Credit unions play a critical role in the American economy as their non-profit structure and membership model that promotes financial well-being across the entire cooperative. Many credit unions offer both direct (e.g. mortgage and auto) and indirect (e.g. partnership with a car dealership) loans to their members, both direct and indirect. Of cou
05 August 2020 /payments /retail Digital Banking Trends
Gabe McGloin Head of Business Development EMEA at Verifi at Verifi Inc
Brands have been encouraging consumers to move their shopping online for years. As a result of the COVID-19 pandemic, this has happened all at once. Even as lockdowns ease around the world, many stores and outdoor venues will remain closed or running at a reduced capacity. In the meantime, it’s easy to predict that commerce will remain digital-fir...
31 July 2020 /payments /covid-19 Transaction Fraud Systems and Analysis
Retired Member
No one has been spared the impact of the COVID-19 pandemic, which has disrupted the jobs of millions of people across the world, prompting all businesses to rethink and adapt its strategy, ways of working and business models to a “new normal.” Travel is one example of a sector feeling the effects of the pandemic. However, now in July, as we begin...
31 July 2020 /payments /covid-19 Payments strategies 2015-2020-2030
Andrew Beatty Head of Wealth, Retirement & International at FIS
“The limits of my language mean the limits of my world,” said noted philosopher Ludwig Wittgenstein. He understood that any language contains walls, and that speaking a language restricts your thought and mind to a specific format. In this blog we consider whether banking is limited by its own lexicon. The Inuits are said to have 50 words for snow...
30 July 2020 /payments /retail Banking Strategy, Digital and Transformation
Jonathan Jensen Regulatory Policy Advisor at GBG
The challenge faced by every financial provider, including fintechs, is how to onboard customers as smoothly as possible. But what does best practice look like? In my experience, signing up for a new account can be an exercise in friction and frustration, not least because identity verification has been poorly implemented as an afterthought. A dig...
29 July 2020 /payments /identity Digital Identity Management
Last year, Thales announced the latest version of its payShield product family, the 10K. Since MYHSM’s inception we’ve been using the Thales 9000 for some of our services and were aware that a new model was on its way, but we were confident in Thales’ track record of ensuring backwards compatibility of the API. Turns out we were right! However, we...
29 July 2020 /payments /cloud Fintech
Gareth Mahoney Head of Compliance at Moorwand
Gareth Mahoney, Head of Compliance at Moorwand After uncovering a range of issues during recent visits to over 100 e-Money and payments institutions, the FCA published its latest ‘Dear CEO’ letter. The letter took a completely different approach to usual. Instead of focusing on a single area and then pushing for full compliance, the FCA broke dow...
27 July 2020 /payments /regulation
Jussi Karjalainen CEO at Valtatech
Key questions you need to ask yourself before embarking on your business’s journey to spend and payments automation Now, more than ever, businesses find themselves operating in an increasingly volatile, uncertain, complex, and ambiguous (VUCA) environment. The key question is how can businesses position themselves to not just survive in this envi...
27 July 2020 /payments /covid-19 Operational Risk Management
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