Sat.Feb 26, 2022 - Fri.Mar 04, 2022

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BNPL popularity shows no signs of slowing, FIS report says

Payments Dive

The Jacksonville, Florida-based payments company expects buy now-pay later to be the fastest-growing e-commerce payment method through 2025 in the U.S. and Canada.

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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.

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Building Resilience with Faster Payments

Faster Payments Council

Each year in February, we celebrate America Saves Week, an effort aimed at encouraging consumers to commit to saving. This year's event, which we recognized February 21-25, focused American consumers on "Building Financial Resilience." According to America Saves, "being financially resilient is more than having access to money; it includes being conscious of your own financial landscape, being aware of available resources, and being willing to seek out and take advantage of opportunities that wi

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The Future Of Laravel Development

Agile Payments

The Future of Laravel Development in 2022 & Coming Years.

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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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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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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.

More Trending

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Fiserv Reduces Fraud Losses for Small to Midsize Banks with AI

FICO

Fiserv, a leading global provider of payments and financial services technology solutions, has developed a new fraud mitigation service that has reduced fraud losses, which were already low by industry standards, by 10 to 15% for its small to midsize credit union and bank clients. False declines — legitimate transactions wrongly flagged as fraudulent — decreased by an average of 20%.

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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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Amazon to shut its bookstores and other shops as its grocery chain expands

The Paypers

Retail giant Amazon.com announced its plans to close all 68 of its brick-and-mortar bookstores, pop-ups and shops carrying toys and home goods in the US and UK.

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Open banking: APIs give a global phenomenon regional appeal

Axway

In a previous blog installment , we aimed to provide a clearer picture of the promise of open banking, leaning more or less on a Eurocentric perspective to bring it into focus.

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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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Digital Banking Commandment: Respect Your Customers’ Data!

FICO

Following the highly successful The 11 Commandments of Digital Banking eBook , we are kicking off a series of 5 deeper dive blog posts that group the 11 Commandments below into common themes. Digital lift-and-shift is not a strategy! Friction – not inherently good or evil. Be personable in this impersonal channel. Respect the data. Engage me, teach me – feed my TikTok obsession.

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Bulgarian spend management company Payhawk hits $1B valuation. Payhawk competitors include Spendesk, Pleo, Moss, and Soldo.

CB Insights

Payhawk , a B2B spend management startup, has raised $100M in an extended Series B. The round drew participation from Lightspeed Venture Partners, Greenoaks Capital Management, Earlybird Venture Capital, and QED Investors, among others. How’s the company performing? UK-based Payhawk offers credit cards and spend management services for businesses.

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Lunar launches ecommerce payment solution

The Paypers

Nordic-based fintech Lunar has announced the launching of a solution that allows its customers to accept and track online payments.

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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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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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FP&A Maturity is the Future of Finance

The Finance Weekly

When you think about maturity, think about dark chocolate. While adults appreciate a rich flavor profile with hints of saltiness and bitterness, children, on the other hand, want something sweet. This , video below encapsulates exactly how they feel. It takes age and experience to truly enjoy dark chocolate. Store-brand milk chocolate may seem tooth-achingly, almost nauseatingly sweet once you've made the switch.

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Lawyer time tracking software Time by Ping raises $36.5M. Time by Ping competitors include Centerbase, Rocket Matter, and TimeSolv.

CB Insights

Time by Ping , a time automation company, has raised $36.5M in a Series B funding round that drew participation from ACME Capital, Anthos Capital, and Initialized Capital, among others. HOW’S THE COMPANY PERFORMING? California-based Time by Ping helps lawyers automate timekeeping. The company states that its annual recurring revenue more than tripled in 2021.

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Jiye Technologies launches B2B BNPL service for agriculture sector

The Paypers

Jiye Technologies , an agri-tech platform in Pakistan has announced a B2B buy-now-pay-later (BNPL) feature through a digital financing product for farmers and businesses across Pakistan.

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Open banking: APIs give a global phenomenon regional appeal

Axway

In a previous blog installment , I aimed to provide a clearer picture of the promise of open banking, leaning more or less on a Eurocentric perspective to bring it into focus.

API 52
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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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Leasy, a LatAm provider of auto loans for ride-hailing drivers, raises $17M in debt and equity. Leasy competitors include Kovi and Taximo.

CB Insights

Leasy , a fintech startup, has raised $17M in a mix of debt and equity. The company raised $2M in seed funding from Magma Partners, BuenTrip Ventures, and INCA Ventures, among others, and it raised $15M in debt from undisclosed investors. How’s the company performing? Peru-based Leasy provides automobile financing to ride-hailing drivers in Latin America.

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SaaS sales tax compliance software Anrok hits $100M valuation. Anrok’s competitors include Avalara, DAVO Technologies, TaxCloud, Taxware, and Vertex.

CB Insights

Anrok , a SaaS sales tax solution, has raised $20M in a Series A. The round drew participation from Index Ventures and Sequoia Capital. HOW’S THE COMPANY PERFORMING? California-based Anrok unifies sales tax monitoring, calculation, and payments processes across the enterprise financial stack. Anrok’s revenue has increased 7x over the past 6 months, and its team size has more than doubled.

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Perfios hits $2B valuation at a trailing price to revenue multiple of 203.4x

CB Insights

Perfios , a financial statement analysis software provider, has raised $70M in a Series C. The round drew participation from Bessemer Venture Partners and Warburg Pincus. HOW’S THE COMPANY PERFORMING? India-based Perfios enables financial institutions to collect and analyze structured and unstructured data in order to automate lending decisions.

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Cambodia-based Oriental Bank, BPC partner for digital banking

The Paypers

Oriental Bank , a new bank in Cambodia with a digital-first strategy, has announced that it has chosen global payment provider BPC to power its digital banking experiences.

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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.

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Practical API Security: The OWASP API Security Top Ten

Axway

API security is on everyone’s mind: after all, APIs always open up network-accessible interfaces that previously may not have been exposed.

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Practical API Security: The OWASP API Security Top Ten

Axway

API security is on everyone’s mind: after all, APIs always open up network-accessible interfaces that previously may not have been exposed.

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Visa and Mastercard block Russian financial institutions

The Paypers

Global payment processors and card issuers Visa and Mastercard have blocked multiple Russian financial institutions from their network, in compliance with the US government sanctions imposed over the ongoing war in Ukraine.

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ANZ merges digital and retail divisions

The Paypers

New Zealand-based ANZ has announced it is re-merging its digital and retail divisions into one unit, as the bank gets closer to launching its customer-facing app, ANZ Plus.

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.

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Revolut removes transfer fees for Ukraine-based banks

The Paypers

UK-based fintech Revolut has engaged a global security partner to provide emergency logistical support for its Ukraine-based employees, AltFi states.

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Apple Card picks up reintegration with Mint

The Paypers

Tech giant Apple has announced it will reintegrate with budgeting service provider Mint , almost two years after the official launch.

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Bank of Russia increases rates to highest point since 2003

The Paypers

The National Bank of Russia has raised its key interest rate to the highest point in the past two decades, reaching a new historic high of 20% from former 9.5%.

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Australia's big four banks shut down 3800 ATMs

The Paypers

Data has shown that almost 459 Australian branches have been shut down in the last few years, while thousands of ATMs were also removed.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.