March, 2022

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Russia pivots to UnionPay for payments alternative

Payments Dive

With Russia shut out of U.S. and EU payment infrastructures, the country is pivoting to alternatives such as China's UnionPay card system and other channels that may take its trade and commerce through China.

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API security: 12 essential best practices

Axway

API security should never be taken for granted. With the increasing demand for data-centric projects, companies have quickly opened up to their ecosystem through SOAP or REST APIs.

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FPC 2022 Spring Member Meeting

Faster Payments Council

The Spring Member Meeting will bring together FPC members for two days filled with presentations on the most pressing issues in faster payments, panel discussions with industry experts, roundtables on timely topics, and engaging networking opportunities. This in-person event will take place on March 3-4, 2022 at the Loews New Orleans Hotel. Please note: the City of New Orleans Health Department currently requires all individuals to provide proof vaccine or negative antigen or PCR COVID-19 test t

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Celebrating International Women's Day: The Benefits and Advantages of Female CFOs

The Finance Weekly

Historically, there is a very small percentage of women in finance- even more so than other industries. Female CFOs account for only 12% of all executives in that position, while the number of women CFOs amongst Fortune 500 and S&P 500 companies is slightly , higher (15%). Although it is still a very low percentage in the grand scheme of things, the number has been increasing steadily for quite a few decades, and has more than doubled since the turn of the century.

Research 105
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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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FICO Response to the War in Ukraine

FICO

As a result of the attack on Ukraine, FICO is exiting all work in Russia. Consistent with directives by governments around the world, we are actively unwinding our business relationships in Russia and will not be pursuing new business in Russia. To support the humanitarian efforts underway, the FICO Cares team in EMEA has made a donation to the British Red Cross and FICO is making a donation to the American Red Cross.

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Japan freezes Russia Central Bank's assets

The Paypers

Japan has announced on 1 March 2022 that it joined the US and its international allies in imposing additional sanctions to the Russian Federation, amid the conflict in Ukraine.

More Trending

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Survey: Closing the gap between API development and API consumption

Axway

As the digital links that enable countless disparate applications to communicate with each other, APIs are the glue holding much of our connected world together. But just building an API doesn’t get the job done.

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3 ways blockchain is building the future of the internet

CB Insights

Web3 is one of the hottest buzzwords in venture capital today. But what exactly is it? The STATE OF Blockchain 2021. The global blockchain unicorn count jumped from 9 to 47 in 2021. Download our free report to get all the trends. hbspt.forms.create({. onFormReady: function ($form) {. window.ClearbitForHubspot.addForm($form); }, region: “na1”, portalId: “763793”, formId: “c9c54721-3946-4cf6-9d6d-94a3c02d8cf9” }); Web3 is a decentralized internet built on an ope

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Why Should Finance Teams Care About ESG Reporting?

The Finance Weekly

In the last 12 months, there has been a growing buzz in the market about environmental, social, and governance (ESG) reporting. What's behind it, and why should CFOs and finance leaders care about it? Continue reading to learn what ESG reporting is, what's new with ESG reporting standards, why Finance teams should care, and the five benefits of aligning ESG and financial reporting.

Finance 52
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Survey: When Do Fraud Controls Ruin the Customer Experience?

FICO

The last few years have thrown up many challenges for banks and card providers as everything has shifted online, one of the primary challenges being fraud scams. But the online shift has also created opportunities for financial institutions to demonstrate their strong fraud controls in the digital space. The rapid rise of scams and other crimes, as well as the increasingly diverse methods used by fraudsters, has only increased the pressure for banks to protect customers from scammers and detect

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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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Mollie launches Connect for Platforms for SaaS expansion across Europe

The Paypers

Netherlands-based payment service provider Mollie has rolled out Connect for Platform for online SaaS and marketplace platforms to integrate payment services.

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New BNPL study raises concern about 'debt spiral'

Payments Dive

Some consumers are charging buy now-pay later installment payments to their credit cards, and that should serve as a "warning flag" to regulators, said three economists who authored the research paper.

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Meet the Griffins: Darren Baggs delivers agile and comprehensive MFT support

Axway

We are back with our Meet the Griffins series where we present an outstanding employee who we feel embodies Axway’s culture and is an excellent example of commitment, achievement, motivation, and work ethic.

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The future according to Tiger Global Management

CB Insights

Tiger Global has shaken up venture capital with the pace and aggressiveness of its dealmaking. In 2021, the investment firm backed 335 deals — up 324% from 2020’s 79, and more than any other investor globally. That equates to 1.3 deals per business day. Tiger Global has only accelerated its dealmaking in 2022 so far, doing 2 deals per business day — in spite of a rocky few months of lower-than-average fund returns and a broader public-market tech stock selloff.

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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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Reaching the Full Potential of IFP&A

The Finance Weekly

A powerful trend in corporate finance in recent years has been a more dynamic approach to FP&A referred to as “Intelligent FP&A” (IFP&A). The key objective of this approach is to enable the fast reaction to constantly developing market conditions via a single unified process, founded upon intelligent insights into large volumes of data. However, fully grasping the concept of IFP&A is no easy task given the typical poor approach finance leaders have in teaching and defining it to

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?eská spo?itelna Modernizes Operations With Debt Collection Optimization

FICO

Improving customer outcomes. ?eská spo?itelna, the Czech Republic’s oldest and largest bank, has modernized its operations by optimizing its decisions around customers in early collections. The use of FICO prescriptive analytics, in this case, debt collection optimization, has improved customer satisfaction and reduced agent call minutes by 25 percent.

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Klarna launches Klarna Kosma division for Open Banking

The Paypers

As announced during this exclusive interview with The Paypers , Klarna has launched a new business unit that has its own brand — Klarna Kosma, as reported by TechCrunch.

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CFPB's Chopra blasts potential card hikes

Payments Dive

In a rare TV appearance, the director of the Consumer Financial Protection Bureau said that the payments industry isn't competitive enough and that fee hikes by the big card companies would add "insult to injury" at a time of inflation. He noted new fintech tools could ultimately be a benefit if they add competition.

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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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Predictions: Open Everything to step up to consumer expectations in 2022

Axway

Journalists around the world have been busy lately asking what the future may hold. As the last two years have been marked with uncertainty and dramatic, unpredictable changes, it’s an understandable impulse.

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Deskless worker management software Connecteam raises $120M. Connecteam competitors include Workjam, Skedulo, Deputy, Smart Access, Zipline, and ClickSoftware.

CB Insights

Connecteam, a deskless workforce management software provider, has raised $120M in a Series C round that drew participation from Insight Partners, Stripes Group, and Tiger Global Management, among others. HOW’S THE COMPANY PERFORMING? New York-based Connecteam helps companies manage deskless employees. The company states that its revenue expanded by 400% in 2021.

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3 CFO Tips for Understanding the Intricacies of Marketing

The Finance Weekly

In many cases, marketing teams are nervous about approaching the CFO in regards to the budget or new campaigns. On the other hand, CFOs need to answer to the CEO if something goes wrong or the budget goes awry. The combination of the two can create a scenario where a CFO wants to be conservative in spending while the CMO or heads of marketing want to expand their horizons in order to create and spend more.

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Explainability in Fraud Management — What to Focus On Now

FICO

While it may seem like an esoteric topic, explainability in fraud management is important – and it’s especially relevant when it comes to using AI and machine learning in fraud detection and prevention. At the core, explainability in fraud management means that we have an understanding of the methods used, how the systems work and how data points inform the decisioning that happens.

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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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Mambu: SMEs to face shrinking access to capital

The Paypers

Cloud banking platform Mambu has released a report stating that more than two thirds (67%) of small and medium sized enterprises (SMEs) globally have been unable to secure sufficient, or any, funding on at least one or more occasions.

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Wealthy BNPL consumers give Affirm a boost

Payments Dive

A new survey from one equity analyst suggests installment financing from the buy now-pay later company Affirm has appeal for rich and poor alike. "The demand for our service is going up because consumers are trying to ration their money,” Affirm CEO Max Levchin told CNBC.

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API News Roundup – February 2022

Axway

At Axway, we believe in an “Open Everything” world: that the best digital experiences will be built on open API platforms , as well as API-fueled MFT and B2B/EDI solutions, which make participation in an ever-expanding ecosystem frictionless.

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Real estate investing platform Roofstock reaches $1.9B valuation. Roofstock competitors include Fundrise, Doorvest, HomeUnion, AlphaFlow, Mynd, and Unison.

CB Insights

Roofstock , a property technology company, has raised $240M in a Series E. The round drew participation from SoftBank Group, Khosla Ventures, SVB Capital, and JLL Spark, among others. HOW’S THE COMPANY PERFORMING? California-based Roofstock enables retail and institutional investors to purchase and sell rental homes. The platform has processed more than $5B in transaction volume.

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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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Why are VCs Investing in The Office of the CFO?

The Finance Weekly

Over the last decade, the amount of capital deployed worldwide by venture capital investors and the number of start-ups receiving funding have grown substantially. Just in the , first half of 2021 , Global venture capital funding shattered records as more than $288 billion was invested worldwide. That’s up by just under $110 billion compared to the previous half-year record that was just set in the second half of 2020.

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How to Improve Collections Performance with Predictive Analytics

FICO

Debt collection teams continually faces budgetary scrutiny and are told to achieve more with less. No debt collection business wants to significantly expand headcount, overheads, or capital outlay. As a result, industry top-performers have sought to improve collections performance with predictive analytics, to help drive, faster, smarter and more efficient collections.

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CMSPI issues data and strategy for European merchants facing fraud challenges

The Paypers

UK-based payments advisory CMSPI has estimated that European merchants spent nearly EUR 7 billion on fraud prevention in 2021 and have issued context and strategies to optimise the process.

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CEOs Sound Off: Confronting a lack of diversity in payments

Payments Dive

Payments CEOs recognize the need to draw more women and people of color into the industry, and the need to promote them. To effect change, these CEOs are changing job descriptions, casting a wider net in recruiting and showcasing how they're different.

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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.