Sat.Apr 01, 2023 - Fri.Apr 07, 2023

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FedNow gives banks a leg up against fintechs

Payments Dive

The instant payment floodgates are about to open when FedNow launches in July, giving banks a chance to win back customers lost to fintechs, says one GFT Group executive.

FedNow 167
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Paving the Way: Inspiring Women in Payments - A Q&A featuring Nancy Zayed

PCI Security Standards

Nancy Zayed recognizes that there is a significant underrepresentation of women in science, technology, engineering, and math (STEM) professions with a variety of factors contributing to this imbalance. But, as the cofounder and Chief Technology Officer of her own software payment security company, she chose not to be influenced by these facts and instead became an example of how women can achieve success in these industries.

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Surviving the Silicon Valley Bank-pocalypse: Mastering Multi-Bank Management for Startups

Nanonets

Cash management, or effective treasury management, can often be the deciding factor for the success or failure of tech startups. To achieve success, it is crucial to manage cash flow, particularly the "burn rate," which refers to the rate at which money is spent before reaching profitability. To operate safely and efficiently in every stage of growth, companies need the right mix of liquidity options and a range of treasury management products and services.

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Advancing the Science of Optimization: FICO & Zuse Institute Berlin

FICO

Home Blog FICO Advancing the Science of Optimization: FICO & Zuse Institute Berlin FICO partners with Zuse Institute Berlin on critical research into mathematical optimization FICO Admin Tue, 02/18/2020 - 14:57 by Oliver Bastert Vice President, Product Management expand_less Back To Top Mon, 04/03/2023 - 11:45 As a result of the pandemic, interest in mathematical optimization has risen to new heights.

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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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Cash App founder dead after stabbing, police say

Payments Dive

No arrests have been made in the Tuesday morning death of Bob Lee, the chief product officer at crypto firm MobileCoin, police said.

Product 174
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Request for Comments: PCI P2PE v3.1 Standard

PCI Security Standards

P2PE Assessors, P2PE Application Assessors, Qualified PIN Assessors, Qualified Security Assessors, and Participating Organizations are invited to provide feedback on the currently published P2PE v3.1 Standard during a 30-day request for comments (RFC) period running from 4 Apr 2023 through 4 May 2023.

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3 applications of generative AI in financial services

CB Insights

Generative AI — which comprises artificial intelligence technologies and applications that generate entirely new content including text, audio, images, video, code, and data — is already seeping into the financial services industry. While big banks like Bank of America, Citigroup, and Goldman Sachs were quick to place restrictions on employee use of OpenAI ’s ChatGPT in February 2023, other financial firms have jumped at the opportunity to leverage the tech.

AI 77
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BlackRock CEO knocks US payments system

Payments Dive

The leader of one of the biggest asset managers in the world doesn’t think the U.S. payments system is keeping pace.

Payments 178
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Central Bank of UAE launches CBDC implementation strategy

The Paypers

The Central Bank of the UAE has launched its Central Bank Digital Currency (CBDC) Implementation Strategy in collaboration with R3 , G42 Cloud and Clifford Chance.

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Cracking the Alignment Problem in AI: Exploring ChatGPT's Responses to Controversial Prompts

Nanonets

If you’re a conversational AI or AI language model developer, one of the last things you want your artificial intelligence to do is to entertain inflammatory notions or ethical and moral quandaries. The AI Alignment field exists to regulate the response of chatbots like ChatGPT to ensure that they fulfill their intended purpose and avoid responding to inflammatory, unethical, or morally questionable prompts.

AI 94
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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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Analyzing Visa’s growth strategy: How the company is facilitating seamless customer experiences and expanding access to financial products

CB Insights

When it comes to digital financial products and services, customers expect a frictionless experience. To meet this need, leading global payment network Visa has forged hundreds of strategic business partnerships, invested in dozens of companies, and made a few acquisitions over the last 2 years. 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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EWS readies Paze to help banks take on digital wallet market

Payments Dive

Even with the backing of the nation’s largest banks, the platform, set for a June launch, will have adoption and security hurdles to overcome to grab a slice of the digital wallet market, industry experts say.

Security 125
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1Kosmos partners ForgeRock

The Paypers

US-based 1Kosmos has partnered with digital identity company ForgeRock to enable developers to add identity verification and biometric passwordless authentication to apps.

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Leveraging LLMs to Streamline and Automate Your Workflows

Nanonets

Whether you’re working in a small startup, or in a large transnational corporation, there’s a good chance that you’ve already heard of workflow automation. In fact, there’s probably an even greater chance that you’ve interacted with tools and elements that automate some part of your workload, to an extent. From aiding in tasks like sorting and indexing emails; inputting data in a sheet, or managing your work-vital digital documents, to entirely automating cruci

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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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Artelys Uses FICO Optimization To Manage European Power Grid

FICO

Home Blog FICO Artelys Uses FICO Optimization To Manage European Power Grid Ground-breaking TERRE market platform for energy exchange wins ESG Champion in FICO ® Decisions Awards Saxon Shirley Wed, 03/15/2023 - 05:44 by Nikhil Behl Chief Marketing Officer expand_less Back To Top Thu, 04/06/2023 - 08:15 Managing the World’s Largest Synchronous Electrical Grid Artelys , an independent company specializing in optimization, modeling and decision-support based in France, has created the TERRE market

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Stripe’s growth slows

Payments Dive

In an annual letter, the digital payments darling’s co-founders acknowledged a “significant deceleration” in payment volume for 2022 and a tougher environment for startups.

Volume 109
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Mastercard to continue betting on sustainability

The Paypers

Global card scheme and issuer Mastercard has recently announced it is boosting efforts to remove first-use, PVC plastics from its payment cards by 2028.

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What Is Image Recognition?

Nanonets

In this article, we’ll cover why image recognition matters for your business and how Nanonets can help optimize your business wherever image recognition is required. What is image recognition? Image recognition, also known as image classification, is a computer vision technology that allows machines to identify and categorize objects within digital images or videos.

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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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The rise of the specialist neobank

Tribe Payments

Have the neobanks won? By some measures, it’s a mixed picture. According to consultancy Simon Kucher , there are now over a million neobank accounts worldwide, but only a minority of these businesses are profitable. As of mid-2022, an analysis of the 25 largest Neobanks in the world showed that only two have achieved profitability.

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ConnexPay takes aim at bigger rivals

Payments Dive

The payments gateway startup, which handles acquiring and issuing, is positioning itself as a nimbler competitor to the likes of Stripe and Wex.

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Just 0.53% of investors paid crypto tax in 2022, study finds

The Paypers

A new research report conducted by Sweden-based tech company Divly has found that only 0.53% of investors declared and paid crypto tax in 2022 globally.

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What is a document management workflow?

Nanonets

In today's digital age, document management has become a critical aspect of managing business information. A document management workflow (DMW) is a systematic process of capturing, storing, managing, and tracking documents throughout their life cycle. A streamlined DMW can significantly improve a company's efficiency, productivity, and accuracy in managing documents.

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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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CFO Pros on the Move: March

The Finance Weekly

The state of the economy has been a topic of concern for many businesses for quite some time now. With the possibility of a recession looming over us for the past 18 months, companies are treading cautiously when it comes to their financial decisions. However, amidst this uncertainty, the need for qualified CFOs remains as crucial as ever. CFO Pros on the Move March 2023 Steve Nave | Funko Funko, the pop-culture toy company, has named , Steve Nave as its CFO and COO.

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North American Bancard taps Virtualitics’ AI tech

Payments Dive

The artificial intelligence and data analytics company aims to help North American Bancard protect its merchants from payment processing fraud, Virtualitics CEO Michael Amori said.

AI 88
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Singapore to help banks investigate potential crypto clients

The Paypers

Singapore authorities have revealed their intentions to investigate service providers from the digital asset sector looking to open a bank account.

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Supply Chain Automation: The Complete Guide

Nanonets

In today's globalized economy, supply chains are becoming increasingly complex, with numerous stakeholders, processes, and data points involved. From raw material sourcing and production to shipping and delivery, managing the supply chain can be a daunting task for businesses. This is where supply chain automation comes into play, offering a range of benefits, from increased efficiency and productivity to reduced costs and errors.

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Enhance Customer Value: Unleash Your Data’s Potential

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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Financial consolidation: leverage transition to enhance integrations and augment data quality

Axway

Two weeks ago, I had the opportunity to attend the “ Future of Conso ” event at the Ritz, Place Vendôme, in Paris.

Finance 52
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PayPal expands tie with Live Nation

Payments Dive

The digital payments pioneer, facing more competition in the checkout space, this week announced moves to serve large corporate customer Live Nation and small businesses.

PayPal 78
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OpenAI ordered to stop processing people's data in Italy

The Paypers

The Italian Data Protection Authority has blocked OpenAI ’s ChatGPT in the country citing the illegal collection of personal data.

Process 69
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How to Extract Data from Invoices Using Python: A Step-by-Step Guide

Nanonets

In today's fast-paced business environment, processing invoices and payments is a critical task for companies of all sizes. Invoices contain vital information such as customer and vendor details, order information, pricing, taxes, and payment terms. Manually managing invoice data extraction can be complex and time-consuming, especially for large volumes of invoices.

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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.