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More than ever, it's crucial to keep your customers safe from threats and ensure they have a smooth payment experience. This is where Know-your-customer (KYC) and Strong Customer Authentication (SCA) come into play. In this article, we'll delve into the ways in which these processes can help you design a smooth customer experience and secure paymen...
20 April 2023 /payments /retail Banking Strategy, Digital and Transformation
Although the UK was a pioneer with the Faster Payments Scheme (FPS) in 2008, we cannot afford to be complacent in adopting real-time payments compared to other economies in the G7 and beyond. And with the UK’s New Payments Architecture (NPA) on its way, it will start impacting direct FPS participants in the next 12 months. Vendor selection and tes...
19 April 2023 /payments /regulation
According to a 2022 study by ANIS (Employers’ Association of the Software and Services Industry) the Romanian IT market is dynamic and constantly growing, now reaching approximately 220.000 computer science and engineering specialists. Apart from their strong tech skills, the Romanian workforce also demonstrates very good business acumen and under...
18 April 2023 /people /devops
It started with open banking… but what does it really mean? Open banking enables customers to share their personal data with other external trusted organisations that can provide innovative apps and services tailored to their individual financial situation. Such applications may be provided by new startups and applications designed to help users ...
18 April 2023 Banking
Equity compensation is a significant part of the compensation package for many startup employees, especially those in early-stage companies. Startups often offer equity in place of higher salaries, as they may not have the cash flow to pay high salaries in the early stages of their growth. Equity compensation provides a stake in the company and
15 April 2023 /startups
These days, there are many travel programs available that allow people to move around from country to country with greater ease. This phenomenon has opened many different opportunities for people to explore. Over the years, many people have benefitted from migrating to new places. Some people do it because of their circumstances, while others do it...
15 April 2023 /wealth Bigger than Technology
Often, new technologies are lauded as the death of existing ones. This has been undoubtedly true in some areas. Think audio cassettes and CDs, Betamax and VHS, fax machines and email… and a host of other examples. Sometimes the market and product vendors can influence this decision but, mostly, consumers decide which technologies win based on the ...
14 April 2023 /payments /identity Biometrics
Yes.. I am talking about the AI applications - our myriad AI applications and upcoming ones whispering to humans about what to do…. how to do it…but not about the whisperers who interact with the AI chatbots. According to IDC predictions, the global AI market could reach over $500 billion by 2024 – a more than 50% increase
14 April 2023 /security /regulation Artificial Intelligence and Financial Services
Digital Payment Adoption Heightens Fraud Risks The COVID-19 pandemic has sped up the shift towards electronic payments, which is unlikely to reverse anytime soon, if ever. Credit cards were the most vulnerable payment method to online scams in 2022, with an estimated $1,034 billion in e-commerce sales. However, fraud has become more common than eve...
13 April 2023 /payments /retail Banking Strategy, Digital and Transformation
Identity fraud is a major concern within the banking sector. As technology continues to advance, so do the methods that fraudsters use to deceive banks and their customers. The use of biometrics and documents is becoming increasingly common in the fight against identity fraud. One of the main benefits of biometrics is that they are unique to each ...
11 April 2023 /retail Banking
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