Sat.Dec 23, 2023 - Fri.Dec 29, 2023

article thumbnail

Volt and ekko Team Up for Real-Time Ocean Plastic Removal at Checkout

The Fintech Times

Global real-time payments platform Volt has forged a partnership with embedded sustainability fintech company ekko to empower consumers and retailers in the battle against ocean plastic pollution. Through this collaboration, ekko stands to gain significant advantages by integrating into Volt’s global real-time payments network, connecting with transactions spanning the UK, Europe, and Brazil.

article thumbnail

What are Merchant Accounts and How Do They Work?

Stax

Accepting payments is the most important functionality that a business needs to start selling. But to accept payments seamlessly and securely, you need a merchant account. A merchant account acts as a pathway between your business, your customers, and the issuer and acquiring banks to process electronic transactions like credit cards. Without a merchant account, it’s very difficult to ensure consistent cash flow or manage multiple sales channels effectively.

article thumbnail

Meeting PCI Requirements for Encryption

Basis Theory

The Payments Card Industry Data Security Standard (PCI DSS) outlines hundreds of requirements for storing, processing, and transmitting cardholder data. Any business that accepts payments from any of the major card networks must comply with this standard.

PCI DSS 88
article thumbnail

How Reducing Your DSO Can Solve Cash Flow Woes

Paystand

DSO measures the time it takes to receive revenue. A low DSO indicates prompt payments, and a high DSO suggests payment delays. Understanding DSO and comparing it to industry benchmarks is vital for financial decisions.

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

As Apple Enters Open Banking a Dangerous Paradox Comes to Light

The Fintech Times

Tech giants are wielding their significant resources and market dominance to reshape the financial landscape, introducing innovations that disrupt traditional banking models. In this article, finance commentator Igor Pejic, an expert on tech-driven shifts in banking and finance, delves into the specific actions and strategies employed by these tech giants that are causing ripples in the financial industry.

CHIPS 107
article thumbnail

How to Generate and Use Insights From Bank Transaction Data Analysis

Finezza

In consonance with the demand of a digitised market, a growing number of businesses are shifting toward a data-driven work culture. However, poor-quality data remains a pain point across industries. A 2023 survey by McKinsey indicates that 60% of technology executives considered poor data quality as the main roadblock to scaling their data solutions.

More Trending

article thumbnail

Finextra's top research reports of 2023

Finextra

With 2023 drawing to a close, we take a look back at our most downloaded whitepapers, sentiment papers and surveys over the course of the past year. These reports are Finextra-led and cobranded, based on editorially balanced, independent, referenced desk-based and online research.

article thumbnail

2024 Fraud Predictions With Confide, SEON, Fenergo, SAS, ComplyAdvantage

The Fintech Times

It’s a time of reflection and anticipation at The Fintech Times throughout December, as we look back at developments and trends over the last 12 months and forward to the year ahead. We’re excited to share the thoughts of fintech CEOs and industry leaders from across the globe to 2023’s key takeaways and what we should expect to be top of the agenda in 2024.

article thumbnail

Streamlining Lending Process With Bank Statement Analysis Report

Finezza

The lending process comes with some inherent risks; there is always a likelihood that the borrower may default on payments or delay paying instalments. So, lenders typically employ a combination of tools and strategies to manage and reduce the risk associated with lending. A bank statement analysis tool is one such solution that helps them […] The post Streamlining Lending Process With Bank Statement Analysis Report appeared first on Finezza Blog.

Process 66
article thumbnail

Listen: Top 3 Bank Automation News podcasts of 2023

Bank Automation

Among themes discussed on Bank Automation News’ most popular “The Buzz” podcast episodes this year are: Improving customer experience; Navigating ChatGPT for finance implications; and Preparing for FedNow Listen to the top 3 podcasts of 2023: Citi Treasury and Trade Solutions improves CX, grows revenue 34% Naveed Anwar, global head of digital and data […]

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

Effortless Accounts Payable Automation with Xero

Nanonets

Xero is cloud-based, SaaS accounting software for small business customers located in many countries. The Xero company, founded in 2006, is New Zealand-based. Xero’s software handles accounts payable as a traditional system requiring manual data entry. For Xero accounts payable automation, Xero customers integrate third-party AP automation software.

article thumbnail

SMEs in 2024 Predictions with American Express, wamo, Sonovate, Bluevine, Simply Asset Finance

The Fintech Times

It’s a time of reflection and anticipation at The Fintech Times throughout December, as we look back at developments and trends over the last 12 months and forward to the year ahead. We’re excited to share the thoughts of fintech CEOs and industry leaders from across the globe to 2023’s key takeaways and what we should expect to be top of the agenda in 2024.

Finance 69
article thumbnail

6 Things AP Departments Must Know About Virtual Cards

Paymerang

Paying suppliers with virtual cards is a hot topic in accounts payable (AP). Among businesses with annual revenues exceeding $1 billion, the adoption rate of virtual cards stands at 70 percent, Juniper Research reports. Virtual cards are particularly prevalent in the financial services industry, with 81 percent of organizations adopting the payment method.

article thumbnail

Editor’s Picks: Top AI features of 2023

Bank Automation

Each month, the Bank Automation News editorial team does a deep dive into topics relevant to the banking industry and, this year, AI dominated the headlines. From AI-driven credit decisioning to implementation and generative AI, FI executives shared how the technology is changing the industry.

AI 80
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

Finextra's top impact study reports of 2023

Finextra

With 2023 drawing to a close, we take a look back at our most downloaded impact study reports over the course of the past year. Our impact study reports are how-to, best practice guides that support those in the financial industry in their utilisation and optimisation of particular technologies, as well as providing an outlook at future trends to watch.

article thumbnail

UK Fintech News: 2023 Year in Review

The Fintech Times

Every Wednesday, we delve into the latest fintech updates from across the UK. Now, as we approach 2024, we take a look back on some of our highlights and important fintech moments from across the last year in the UK. Maybe UK tech and politics don’t mix? While the UK fintech sector looked to tackle the difficult funding landscape, amidst high interest rates, we saw a number of governmental actions – both positive and negative.

FinTech 69
article thumbnail

AI in Healthcare Claims Processing: The Complete Guide

Nanonets

In the intricate web of the healthcare ecosystem, claims processing stands as a critical juncture where the efficiency and accuracy of operations profoundly impact patient care, provider satisfaction, and overall system performance. Traditionally, this process has been plagued by manual errors, time-consuming verifications, and a plethora of administrative challenges, prompting the healthcare industry to seek innovative solutions.

AI 59
article thumbnail

How Do Finance Teams Function Best?

Paystand

Beyond the indispensable role of finance software, today we delve into the heartbeat of financial prowess—the people. From embracing diversity and fostering collaboration to adapting to change, we unveil the keys that elevate a finance team from good to exceptional.

Finance 52
article thumbnail

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.

article thumbnail

Tarabut partners with decentralised savings platform Hakbah

Finextra

Hakbah - the KSA-based fintech savings platform - announces a new partnership with Tarabut - MENA’s leading open banking platform, and an investor in the region’s digital transformation.

FinTech 59
article thumbnail

Fintech Insights: Janine Hirt, Theo Lau, Chelsea Boothroyd, Kimberley Waldron, Nicky Senyard

The Fintech Times

It’s a time of reflection and anticipation at The Fintech Times throughout December, as we look back at developments and trends over the last 12 months and forward to the year ahead. We’re excited to share the thoughts of fintech CEOs and industry leaders from across the globe to 2023’s key takeaways and what we should expect to be top of the agenda in 2024.

FinTech 64
article thumbnail

Strategies for Efficient Component Communication in Microservices Architecture

M2P Fintech

Efficient communication between components is crucial for the overall performance and responsiveness of a system in a microservices architecture. But how can you achieve optimal communication between the components? Dive into this blog as Maathavan Vinayak , our Engineering Director, guides you through the ways to achieve faster communication between inter-components in a microservices architecture to improve overall agility and efficiency.

API 52
article thumbnail

Navigating Global Business Expansion: The Crucial Role of eInvoicing Compliance

Chargebee

Scaling a business to new heights involves navigating a myriad of challenges depending on company size, regions they operate in, and so on. The journey is complex, with many strategies available to grow and diversify revenue, like venturing into new geographies, expanding the product line, and launching new business models. In today’s dynamic business landscape, one of the key challenges businesses face when expanding their operations globally is e-invoicing compliance.

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

Why Payment Security Should Start at Onboarding

BioCatch

When banks think of transaction authentication, they look at obtaining confirmation from the customer through an alternate channel. For example, if a customer wants to pay someone through internet or mobile banking, banks send a one-time passcode (OTP) to a registered mobile number or email belonging to the customer as an extra layer of security to verify it was the genuine customer who initiated the transaction.

article thumbnail

In the Face of Economic Adversity, UK Continues to Invest in Financial Digitalisation

The Fintech Times

The European Investment Bank has revealed that throughout the past year, over half of European firms have taken significant steps towards digitalisation, focusing on enhancing their digital presence. The latest report Digitalisation in Europe 2022-2023 has revealed that following the pandemic, 53 per cent of companies in Europe have expanded their online services.

article thumbnail

5 Ways to Remove Pages from PDFs

Nanonets

As we navigate through the intricacies of document management, it's not uncommon to encounter scenarios where a leaner, more focused PDF is desired. Perhaps you aim to trim down the file size for easier sharing, extract pertinent information for a concise report, or declutter and refine a document for a polished presentation. Whatever the reason, mastering the art of removing pages from PDFs equips you with a valuable tool in your digital toolkit.

article thumbnail

Top 5 Metrics for Efficient Growth in 2024: Recovering from a Tough Economy

Chargebee

As we transition into 2024, reflecting on 2023 events marked by rising interest rates, capital market challenges, and evolving customer behaviors, businesses are at a pivotal juncture. The past year’s trials have prompted a hard reset, compelling organizations to reassess their operating models for increased resilience. The shift from the conventional’ growth at all costs’ mindset to prioritizing first principles is evident in this landscape.

Economy 52
article thumbnail

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.

article thumbnail

Maximizing Profit Potential: Essential Considerations for P2P Payment App Development in 2024

Finextra

The Emergence of P2P Apps In our tech-driven world, convenience reigns supreme. Peer-to-peer (P2P) p.

P2P 64
article thumbnail

Em Conversa: Investing in Early-Stage B2B Founders in Brazil With NXTP

The Fintech Times

Em Conversa uncovers the secrets in Latin America (LatAm) that have caused the fintech market to boom, from being worth less than US$50million in 2016, to US$2.1billion in 2022. In November 2023, NXTP , the early-stage B2B venture investor in Latin America, announced the closing of its third and largest fund, NXTP III. With $98million in commitments, the fund focuses on partnering with the most promising technology founders in Latin America.

B2B 64
article thumbnail

Understanding Notion Pricing: A Comprehensive Guide for Users

Nanonets

Introduction Notion has rapidly emerged as a leading productivity and organizational tool, cherished for its flexibility and multi-functional capabilities. It's a go-to platform for individuals and teams looking to manage tasks, documents, projects, and much more in a single, unified space. As with any tool offering such a broad array of features, understanding its pricing structure is crucial for both personal users and businesses.

API 52
article thumbnail

Navigating Global Business Expansion: The Crucial Role of eInvoicing Compliance

Chargebee

Scaling a business to new heights involves navigating a myriad of challenges depending on company size, regions they operate in, and so on. The journey is complex, with many strategies available to grow and diversify revenue, like venturing into new geographies, expanding the product line, and launching new business models. In today’s dynamic business landscape, one of the key challenges businesses face when expanding their operations globally is e-invoicing compliance.

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.