October 13, 2020
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Mental health problems can affect anyone at any time. Which is why it’s so important to nurture a culture where your mental health comes first.
For #WorldMentalHealthDay Contis launched a week of activities to boost wellbeing and raise money for Mind Charity.
Even though it is hard to put a figure on the potential scale of virtual currency misuse, given the size of the market, it is no real surprise over the concern that unregulated systems could offer the anonymity needed for criminals to use virtual assets to launder their profits. At that point, regulators were duty bound to step in and the EU’s Fifth Money Laundering Directive (5MLD) now means that virtual currency exchanges and custodian wallet providers are subject to the same regulatory requirements as other financial services covered by the preceding 4th directive.
Small businesses undoubtedly play a significant role in communities across Ireland but they have also been some of the hardest hit by the negative impact of Covid-19. Insights from the “Visa Back to Business” study have revealed that almost 1 in 5 Irish small to medium enterprises (SMEs) believe that their future viability is at risk due to the commercial impact of COVID-19. Despite these concerns, the study also revealed that consumers across Ireland do really value independent businesses in their community with 63%1 of consumers admitting to wanting to support small businesses.
No Badge? No Problem.
Join us at our 3D stand for a virtually replicated tradeshow experience with swag, info and more – but from the comfort of your own seat.
26.10.20 – 29.10.20.
Coming soon: We’re arranging a star-studded line up of industry greats, we’re concocting carefully crafted content and we’re sourcing superb swag.
For one afternoon only, receive a generous dose of high value payments entertainment. For CTOs, COOs, CFOs, Product Managers. If you like payments, this is what you should be doing on an early December afternoon.
No decks. No awful webinar platforms. Just pure payments discussion. The theme this year: Where’s the hidden cost in payments?
ISO 20022 is the globally accepted format that improves the quality and structure of financial messages, provides rich data with each transaction, enabling everything from enhanced analytics to status tracking, sanction checking and automated invoice reconciliation – all whilst delivering an improved experience for end customers.
However, many banks and financial institutions have underestimated the complexity of the necessary changes of the migration as the transition isn’t just a simple upgrade of process. Existing infrastructure and legacy systems are not sophisticated enough to deal with the speed of integration and transition required.
Read this article to find out more
In this blog we discuss how Indirect Agency represents a real opportunity for previously excluded financial institutions. By offering real-time payments without compromising on speed, spend, performance and resources, it builds their customer base and challenges traditional players in the market. Making real-time payments accessible to everyone increases competition. It allows smaller banks and companies to enjoy the 24×7 faster payment rails for account-to-account payments. This access is made possible by using API Connectivity, which enables all users to send and receive money instantly through any digital channel.
Fraudsters have the upper hand
How to break the cycle
The COVID-19 pandemic has had a profound impact on all areas of society. The virulent nature of the disease has led to many changes in our daily lives and the payments industry has not been immune to the need for transformation.
Financial technology (fintech) has been visibly evolving in front of our eyes ever since banks went online. With an increasingly cashless society, apps and platforms have been created to help us better understand and manage our finances, while new banks have been created that offer us a slicker experience.
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Have you ever wondered what makes a bank a 21st century bank? A small hint; it isn’t the ginormous rigid and extremely expensive mainframes, it isn’t the systems that have to shut down every night for maintenance, and it definitely isn’t the glued-by-hope hollowed out cores.
The list can go on and on. What a good 21st century bank needs is security, scalability, flexibility, availability, and adaptability. So, where do you get it all, nicely packed and with a bow on top at a low cost?
At Cybertonica we Trust in Transaction. We make systems to make trust and frictionless commerce safe and secure for businesses and consumers. We know that outdated rules and operations occasionally introduce almost Kafka-like situations and thought it would help us to see the end customer and merchant point of view.
So we decided to collect stories from the people in our network and customers as well as their clients telling us how their e-commerce is going in this period – both the nightmares and the nice surprises.
We asked them to tell us about their online shopping experiences during the lockdown to paint a vivid picture for the merchants. From surprise champagne deliveries to account takeovers, we have some good stories lined up for you!
It is expected that the volume of #InternationalPayments will grow in the upcoming years. However, those #FinancialInstitutions that do not adapt to the changes in the current landscape may miss this opportunity against the big players. How to be prepared? Our Karen Penney, VP of Payment Products, shares her views.
Here are 5 ways to streamline #InternationalPayments and help fast track your path to the #NewNormal, by Scott Johnson, our Head of Product. https://bit.ly/3ikpKUW #Financial Institutions #Fintechs #BuildingSocieties
With the financial pressures from COVID-19 still unclear for many, new research commissioned by payments provider, PayPoint, throws the spotlight on small adjustments landlords and lettings agencies could make to help tenants manage their finances during this uncertainty and beyond.
For Good Causes clients are taking the fight back to COVID-19, with an alternative approach to celebrating Christmas 2020.
Steve Wilks describes a campaign that means companies can feel good about Christmas, and feel good about helping others feel better about it too.
Michal Smida, the founder and CEO of Twisto was a guest on our podcast series Inside the Vacuum and had an exciting conversation with Marcel Klimo around building the next generation of financial services.
Sometimes a fintech company needs to build a new critical feature under time pressure, which can become a very stressful moment for the CTO and Head of Delivery. Thanks to their current development velocity and estimation of the work, they know there is no physical way to build that feature with the capacity they have available. Maybe if they push their developers to the brink of exhaustion, they might be able to do this. This shouldn’t be the way to achieve goals, but rather only to deal with emergencies.
Future-proof your bank with cloud-native tech
How Thought Machine is helping established banks to transform their core platforms
Why deploying your bank to the cloud is very different from using a cloud-native core banking engine
Explore the digital payment market and trending super apps in Southeast Asia with Brano Vargic from Home Credit Vietnam
Financial technology (fintech) has been visibly evolving in front of our eyes ever since banks went online. With an increasingly cashless society, apps and platforms have been created to help us better understand and manage our finances, while new banks have been created that offer us a slicker experience.
How an Australian fintech love brand was born
Payment security taken to a new level
A peek into Indian fintech market and effective solution for accepting payments.
This is the time that will define the thinkers, movers, and shakers who will shape the rest of this century.
Is the European Union going to be the first major global economy to embrace the digital economy advancements, all the benefits it brings forward, and all the digital banking solutions that are coming along the evolution of tech services? What will the EU Single Digital Market bring up on the business horizon?
The transition to an almost purely digital economy is speeding up with every passing year and that is in part due to the leaps and advances in technology that are changing the way we live and conduct business.
Jem Shaw from our Patron, Choice International, attended the recent meeting on cross-border payments and international remittances at the Bank of England on behalf of
A look at the use cases driving investment in open banking.
As the virus closed everything down, my workload increased by 10-fold and I started to feel like a 1950’s housewife with a career on top!
As more companies move their core operations online, the questions of data privacy and data security and how to handle them from an institutional standpoint as well become even more critical for successful business growth.
Across the world, traditional banking is transforming into something else entirely and the full outline and scope of the future of the industry, while not yet fully understood, already presents some amazing opportunities for firms looking for an edge, business innovation and revenue growth.
Agile businesses adapt to the times, providing the market with needed services as they arise as well as new opportunities. This second aspect, helping clients realize new opportunities, is increasingly displacing the traditional model of banking facilitated capital allocation.
Few people have questioned whether e-commerce was the way of the future when it came to retail and shopping, but even fewer have asked what this brave new world will look like.
After all, as everyone moves online, other factors will play critical and distinguishing roles in determining who the winners and losers are from the e-commerce online future.
Grab your morning coffee and join us as we reveal insight from our flagship research of 2020. You’ll be joined by peers in the payments community as we uncover the latest opportunities and use-cases in the industry.
Date 1st October 2020 Time 09:30 – 10:30
Book your place → https://landing.modulrfinance.com/cost-of-hidden-inefficiencies-epa
Netcetera is Mastercard’s exclusive 3-D Secure testing partner to help retailers and other businesses ensure they are ready to comply with PSD2. Mastercard and Netcetera, the market leader for 3DS and EMVCo associate, are supporting merchants to improve their transactions and conversion rates. This is the first time that merchants are able to run tests in their live online shops.
Strategic thinking for post-pandemic payments
Luc Gueriane, Moorwand CCO, discusses: If the move to cashlessness is hurting so many, who is responsible for making sure innovation doesn’t come at the cost of inclusion?
UK-based end-to-end accounts and payments solutions provider Contis has forged a partnership with global payments platform Currencycloud.
Through this partnership, Contis can now offer foreign exchange and international money transfer services to its clients and account holders.
– Banking in Latin America
– Effect of Covid-19 on Latin American banking
– Key risks of bancarization in Latin America
EML and Laybuy are working together on Buy Now Pay Later (BNPL).
– How does SIM swapping work?
– SIM swappers struck – what next?
– The role of the bank in stopping SIM swapping fraud
– Behavioral biometrics analysis overcomes the failings of two-factor authentication
– Profiling cybercriminals, one simjacker at a time
– How unauthorized fraudsters use compromised customer data and phishing techniques to attack online banking platforms
– Leverage behavioral biometrics and AI to make real-time decisions
– Assess the risk of entities holistically, not only relying on PII
This guide offers an insight into how the insurance method of safeguarding can provide payment service providers with economic benefits, help to alleviate some of
Relying on a single provider for essential banking services can be catastrophic for your fintech. So how can you ensure to keep the payment tap on and payments flowing in the times of crucial failure of your banking provider
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