Mon.Oct 21, 2024

article thumbnail

A Quick Guide to Today’s Cybersecurity Landscape

VISTA InfoSec

The world can be just as much of a marvelous place, as it can be a dangerous one. And the same can be said about the online one, where you need to focus on your safety just as much but in a different way. For those wondering how to approach this, make sure to keep reading as we’ll be covering everything you need to know about cybersecurity. The Importance of Staying Informed As we become increasingly reliant on technology, more of us are spending extended periods of time online and attached to o

article thumbnail

Fiserv may grab competitive edge with new bank charter

Payments Dive

The payments processor can undercut rivals on price because it won’t be paying bank fees, say industry consultants.

article thumbnail

How to Appoint a Qualified Data Protection Officer(DPO)?

VISTA InfoSec

A Data Protection Officer (DPO) can be called as an ally for organizations that deals with large amount of Privacy related data in its core operation. They are appointed based on article 37 of GDPR, and help organizations stay compliant with data protection laws by overseeing data security policies, monitoring internal compliance, and providing expert advice for staffs managing the potential data privacy risks.

CCPA 178
article thumbnail

Fintech funding bucks the downward trend across Europe

Finextra

Innovations in AI and embedded finance have kickstarted a recovery in fintech funding, according to Q3 figures compiled by Dealroom.

article thumbnail

The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto

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

article thumbnail

The Role of PCBs in Cybersecurity

VISTA InfoSec

As fraudsters are continuously finding new ways to strike, we’re continuously finding new ways to prevent them with controls such as encryption, multi-factor authentication, fraud detection software, etc. But not everyone is aware that it all begins with how electronic devices are designed. With the way Printed Circuit Boards (PCBs) are laid out and built, to be precise.

More Trending

article thumbnail

Understanding the Dora Compliance: A Comprehensive Guide

VISTA InfoSec

Technology is always brimming with advancements, and it is more prominent in the financial sector. As financial institutions increasingly rely on digital infrastructure to enhance operations, customer experience, and security, they also face growing challenges in mitigating the risks that come with it, such as cyber threats, system failures, and other operational vulnerabilities.

article thumbnail

Sibos: The future of ‘evenly distributed’ tokenisation

Finextra

The National Bank of Kazakhstan will provide clients the “ability to spend crypto tokens” by the end of this year, announced Assel Marchenko, CTO and deputy of CEO, National Bank of Kazakhstan, at Sibos today.

128
128
article thumbnail

7 Important Theft Protection Features for a Cryptocurrency Wallet

VISTA InfoSec

While you don’t always need a cryptocurrency wallet to trade blockchain assets, using a good wallet to facilitate exchanges is a matter of common sense. Wallets don’t just provide a convenient way to manage your crypto funds, but they also help keep your tokens safe from the malicious parties that are all too commonplace in the world of blockchain currencies.

article thumbnail

Webinar: Navigating Instant Payments – Case Studies and Operational Insights for Receiving Instant Payments

Faster Payments Council

Join us for an upcoming webinar, sponsored by Endava, on Tuesday, December 10 from 1:00pm-2:00pmCT. In this webinar, industry leaders will explore operational considerations for implementing instant payment systems, featuring insights from financial institutions that have successfully implemented the receipt of instant payments. Attendees will hear firsthand accounts of the journey these institutions took, including key lessons learned and the impact on their operations.

article thumbnail

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

article thumbnail

How to Improve Compliance with Multilingual Cybersecurity Resource

VISTA InfoSec

Cybersecurity matters a lot today, and it touches everyone around the globe. With hackers becoming smarter, protecting information has never been more critical. Now, imagine trying to stay safe online but not understanding the warnings because they’re not in your language. That’s where multilingual cybersecurity comes into play – it breaks down language barriers so everyone can understand how to protect themselves.

article thumbnail

Thunes-Backed Regtech Firm Tookitaki Secures Funding for Asia Expansion

Fintech News

Singapore-based regtech firm Tookitaki has secured funding from True Global Ventures (TGV) Opportunity Fund. The sum was not disclosed. This funding will support Tookitaki’s expansion across key Asian markets and bolster its financial crime prevention technology. Tookitaki’s platform, FinCense, uses AI to help institutions detect and address financial crime more effectively.

article thumbnail

What is the Most Frustrating Experience in SOC 2 Audit and Attestation?

VISTA InfoSec

The SOC 2 (Service Organization Control 2) audit and attestation process is something that has been devised by the American Institute of Certified Public Accountants (AICPA) in order to ensure that organizations which provide services have secure procedures to govern data so as not to compromise the welfare of their clients. For this reason, achieving SOC 2 compliance is crucial for service agencies especially those involved with sensitive customer data.

Audit 135
article thumbnail

Fintech Rundown: A Rapid Review of Weekly News

Finovate

News in the payments space has been heating up this month, with announcements from Mastercard, Stripe, Token.io, Worldline, and Tyfone shaking things up. What’s next for payments? Stay tuned throughout the week to read the latest news this week as we post updates and evolutions. Bank technology Tompkins Community Bank selects NCR Atleos ATM-as-a-Service to strengthen self-service banking.

ATM 105
article thumbnail

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?

article thumbnail

Cyber security measures for small and medium enterprises (SMEs)

VISTA InfoSec

The risk of cyber attacks for companies is increasing and can significantly disrupt their operations, have negative financial consequences and damage their reputation. Small and medium enterprises (SMEs) are especially vulnerable to these attacks due to limited resources and a lack of cyber security expertise. Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity.

Security 130
article thumbnail

Thunes Enables Banks to Make Payments to 3 Billion e-Wallets Worldwide

Fintech News

Global payments company Thunes has launched a new service that enables banks to send payments directly to mobile wallets worldwide. By utilising their existing Swift connectivity, banks can now access Thunes’ Direct Global Network and process transactions to over 3 billion mobile wallets in 130 countries through 120 mobile wallet brands. This eliminates the need for separate technical integration and allows for faster, more transparent cross-border payments.

article thumbnail

Essential Guide to Seamless CCaaS Implementation 

VISTA InfoSec

As businesses continue to evolve in their customer service strategies, Contact Center as a Service (CCaaS) solutions have emerged as an effective tool for enhancing customer experience. These cloud-based platforms offer flexibility, scalability, and access to advanced technologies, making them a popular choice for organizations of all sizes. However, transitioning to CCaaS requires careful planning to ensure a smooth implementation process.

article thumbnail

Switzerland’s Path to Green Digital Finance Leadership by 2030

Fintech News

Switzerland shall have become a globally leading hub for green digital finance by 2030, further empowering positive environmental and economic impact. Committed and competent entrepreneurs are just as much needed as progressive, mission-driven corporates, and authorities that provide a secure and innovation-friendly framework. From this perspective, Switzerland is on the right path.

Finance 101
article thumbnail

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

article thumbnail

Data Protection Officers and Their Key Responsibilities

VISTA InfoSec

Data breaches, cyberattacks and misuse of personal information are severe threats challenging the privacy of customer’s data, they can not only damage a company’s reputation but can also lead to heavy fines if compromised. To overcome these challenges, data protection laws are established. Data protection laws safeguard personal information and establish important guidelines on collection, storage, processing, sharing and disposal of personal data.

CCPA 130
article thumbnail

Euroclear Acquires Stake in Singapore’s Marketnode

Fintech News

Euroclear has acquired a strategic stake in Marketnode , a Singapore-based digital market infrastructure operator. The investment supports Euroclear’s growth strategy in the Asia Pacific region, although the financial terms were not disclosed. Euroclear is a Belgium-based financial services company that specialises in the settlement of securities transactions, safekeeping, and asset servicing for bonds, equities, and investment funds.

article thumbnail

Commonwealth automates majority of underwriting with AI

Bank Automation

Commonwealth Credit Union is using Zest AI’s underwriting solution to speed up customer service and improve risk modeling and accuracy of underwriting. “Seventy percent to 83% of all our loan underwritings are automated now,” Chief Growth Officer Jaynel Christensen told Bank Automation News. The $2 billion credit union started working with Zest AI in 2021 […] The post Commonwealth automates majority of underwriting with AI appeared first on Bank Automation News.

article thumbnail

Santander launches Openbank digital brand in the US

Finextra

Santander has launched its Openbank digital offering across the United States, taking its presence in the country nationwide.

96
article thumbnail

7 Essential Criteria for Choosing the Right Payments Partner

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.

article thumbnail

What Is Tiered Pricing in Credit Card Processing?

Stax

Accepting credit card payments at your business is a surefire way of increasing customer satisfaction and retention. Don’t believe it? Here are the numbers to prove it. Over 80% of American adults owned at least one credit card in 2023. Also, credit cards contributed to 27% of the spending at point-of-sale (POS) systems worldwide. That’s over $10 trillion in transactions.

article thumbnail

Finastra Simplifies SME Lending with New Loan Servicing Solution

Fintech News

Global financial software provider Finastra unveiled its Loan IQ Simplified Servicing solution at Sibos 2024. The new solution is designed to streamline loan servicing for bilateral and SME loans by offering a simplified interface aimed at handling large volumes efficiently. By integrating this new functionality into its existing Loan IQ platform, financial institutions can manage their entire loan portfolios within a single system.

Volume 91
article thumbnail

Stripe to buy stablecoin company Bridge for reported $1.1 billion

Payments Dive

The CEO's for Stripe and Bridge confirmed the news on the social media platform X on Monday, but offered few details on the deal.

article thumbnail

Will DeFi Transform Financial Services by 2034?

Fintech News

My recent working paper , conducted in collaboration with Singapore Management University, reveals that over 40% of surveyed experts expect high or very high adoption of Decentralized Finance (DeFi) by 2034, marking a notable shift from today’s environment where there is no adoption beyond limited experimentation. To understand DeFi’s future impact, I surveyed 109 experts, including traditional finance professionals, DeFi industry practitioners, and DeFi-focused academic researchers

article thumbnail

Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes

Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.

article thumbnail

Network Tokens: Understanding the Technology Transforming Consumer Payments

Payments Next

By: Michael Seaman, CEO & Founder of Swipesum Network tokenization is a trending topic in the payments industry, transforming how transactions are The post Network Tokens: Understanding the Technology Transforming Consumer Payments first appeared on Payments NEXT.

article thumbnail

Three ways APP mandatory reimbursement can work for PSPs and victims of fraud and scams

The Payments Association

What is this article about? The UK’s increasing fraud and scam problem, focusing on new regulations mandating automatic reimbursement for APP fraud victims. Why is it important? The rule changes provide stronger consumer protection but also raise concerns about industry costs and potential fraud exploitation. What’s next? Collaboration between regulators, law enforcement, and the counter-fraud community is needed to ensure the effectiveness of the reimbursement scheme and to mitigate

Scams 88
article thumbnail

Embedded Lending Gains Momentum in India

Fintech News

In India, embedded lending is rapidly emerging as a preferred method to access credit, a trend that’s expected to accelerate in the coming years. A study conducted by Visa, reveals that about two-thirds of consumers and micro and small businesses (MSBs) in the country are strongly inclined to switch to providers that offer embedded lending solution, an interest that’s particularly pronounced among those who have used embedded lending in the past, indicating that positive experiences are fueling