Ben Goodyear CFO at Pipe
Payment facilitators (Payfacs) are used by millions of small businesses every day to run their operations. In a competitive market, the difference between Payfacs can be as small as a point or two of difference in fees. To stand out, Payfacs need to find differentiated ways to serve their customers to preserve their fees. The good news? Payment pr...
15 July 2024 /payments Embedded Finance
Jeremy Takle Founder and CEO at Pennyworth
Future banks should evolve to offer holistic financial solutions, moving beyond fragmented services and limited offerings. In this article, we’ll discuss how, by focusing on integrated solutions that help customers achieve their financial goals, banks can transform personal finance and enhance overall financial wellbeing for all. The financial lan...
15 July 2024 /wealth /retail Disruption in Retail Banking
Pallavi Kapale Senior Financial Crime Officer (2LOD) at Bank of China (UK) Limited
The Payment Services Regulations (PSR) approach will bring about a significant change for all the payment firms. Its aim is to proactively prevent Authorized Push Payment (APP) fraud from occurring. In APP fraud, customers are tricked into authorizing payments to fraudsters, making it difficult for banks to detect since the transaction appears leg...
15 July 2024 /regulation /crime Banking
Fraud accounts for atleast 40% of financial crime in the UK. In 2022, UK banks have identified over 39,000 accounts demonstrating behavior indicative of money muling[1]. NCA estimated that over GBP 10 billion is laundered via money mule activity in the UK annually[2]. The global increase in fraudulent activities is a growing concern for businesses...
Michael Rada HUMAN at IBCSD LAB s.r.o,
During the never ending ecosystem development of the FIRST INDUSTRIAL EVOLUTION EVER LED BY MAN (HUMAN), means INDUSTRY 5.0 new discoveries are found every single day. It happen thanks to 6R methodology and the ability to RECOGNIZE the ON-THE-GROUND-MINES Same as the new meaning of E=mc2 which keeps surprising so many globaly, the latest discovery ...
15 July 2024 /wealth /sustainable INDUSTRY 5.0
Veronika Tibilashvili Senior Consulting Department Manager at Lextensio
KYC (Know Your Customer) and Due Diligence are key elements for the successful operation of any business, especially in today's globalized world, where the risks of fraud and financial crimes are increasing. These procedures help companies avoid legal problems, preserve their reputation and protect their financial interests. What is KUS and Due ...
15 July 2024 /security /regulation Information Security
Eldad Tamir Founder and CEO at FINQ
Embarking on an investment journey can be exciting yet daunting, particularly for young and new investors. Starting early is crucial, allowing time to benefit from compound interest and to recover from market fluctuations. Recognizing the challenges faced by new investors is the first step towards overcoming them. Embrace long-term investing A lo...
14 July 2024 /ai /startups Artificial Intelligence and Financial Services
Kaustuv Ghosh Founder at Nxtgen Payment Infra. Prometheus Labs.
Let’s talk about AI and remittances. Despite the enormous size and tremendous importance of the money transfer industry, little is heard about how AI is used or is proposed to be used. There are the usual mentions of Generative AI and some references about future developments. One reason for the paucity in news could simply be that many firms pref...
14 July 2024 /ai /payments Asia Financial Services
Dmytro Spilka Director and Founder at Solvid, Coinprompter
Forex is the world’s most lucrative market, and with the rapid rise of digitalization on a global scale, we may be set to see more broker-dealers adopt a far more international focus as information barriers are broken down across borders. Digitalization is actively changing the way we navigate the financial landscape, and forex trading stands to b...
12 July 2024 /markets
Raktim Singh Senior Industry Principal at Infosys
Vision Transformers, or ViTs, are a groundbreaking learning model designed for tasks in computer vision, particularly image recognition. Unlike CNNs, which use convolutions for image processing, ViTs employ a transformer architecture inspired by its success in natural language processing (NLP) applications. ViTs convert image data into sequences, s...
12 July 2024 /ai /predictions Technology for Social Good
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