January, 2023

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Visa stands by crypto

Payments Dive

At the card giant’s annual meeting Tuesday, CEO Al Kelly showed no signs of backing off crypto. He also suggested Visa’s management team may change after he exits as CEO.

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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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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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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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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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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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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.

More Trending

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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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The Finance Weekly 2022 Year in Review

The Finance Weekly

With the start of 2023, it’s important to look back on some of the highlights that occurred in the previous year. Once again 2022 was not a boring year, both for world events and finance in particular, and the growing number of readers and widely diverse range of topics attests to that. Here at the Finance Weekly, we compiled a list of the five most read articles of 2022: 1) Cloud FP&A Software Solution Comparison – The Complete Guide.

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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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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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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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Asialink partners with Lazada, Shopee to boost payments network

The Paypers

Philippines-based finance company Asialink has teamed with ecommerce platforms Lazada and Shopee to offer an easier way for clients to pay their loans, according to a recent statement.

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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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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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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.

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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

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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.

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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.

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Iran and Russia link their banks in new deal

The Paypers

The central banks of Russian and Iran have signed a deal to connect national interbank communication and transfer systems to spur trade and facilitate transactions.

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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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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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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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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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New Year’s Resolutions for API Product Managers

Axway

The New Year brings with it a multitude of good intentions, with many of us determined to improve our lives one way or another and to set aspirational goals so we can better our current self.

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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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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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China includes CBDC in its currency circulation report

The Paypers

The People’s Bank of China (PBC) has included in its currency circulation report the country’s central bank digital currency (CBDC), the e-CNY, also known as digital yuan.

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Amex acquires B2B automation company Nipendo

Payments Dive

The acquisition is the latest B2B move for the card company, which expects Nipendo’s capabilities to strengthen its position in that market.

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The 14 Biggest Payments & Card Industry Conferences & Events in 2023

Fintech Labs Insights

Here is our curated list of the best global payments industry events, conferences and trade shows scheduled in 2023. These are the largest events in the financial services industry geared towards payments and card technologists, program managers, marketers, developers and C-Suite execs at both legacy financial institutions and upstart payments firms and card issuers.

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Can anything challenge ACH?

Payments Dive

The ACH system has proven to be scalable, secure, ubiquitous and reliable, but complaints about processing times persist, writes Sila CEO Shamir Karkal.

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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.

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Will PayPal get a new CEO?

Payments Dive

The digital payment pioneer’s CEO Dan Schulman faces speculation about his exit. “We think he could move on from PayPal, legacy intact,” one analyst team wrote.

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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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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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Marqeta’s new CEO targets embedded finance

Payments Dive

Simon Khalaf, who takes the top job Tuesday, is counting on new embedded offerings to help expand the company’s services for corporate clients.

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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.