Financial IT’s Post

Financial IT summer edition is out now! ☀📰 In this issue John Noltensmeyer, our Chief Information Security Officer, talks about 'how culture provides resilience in the face of evolving threats'. 🔐 Since security threats are constantly evolving as new technologies emerge, so too do opportunities for malicious actors to develop new attack vectors and refine classic exploits. If you want to know how we at IXOPAY face these challenges and how the #fintech world is affected, you can read more here: Turn to page 24-25 and let us know what you think! 💭 #IXOPAY #news #security #technology

"Ultimately, the need for real-time payment reconciliations transcends mere operational efficiency - it is a matter of systemic and regulatory resilience. By prioritising the adoption of automated, real-time reconciliation systems, financial institutions can fulfil their obligations, mitigate risks, and contribute to a more stable and orderly market." - Alex Knight via Financial IT Summer Edition 2024. Read the full article on page 44. #FinTech #FinancialIT #Payments

Curious about the future of digital finance and identity in web3? Dive into the latest convo between idOS and Etherlink on how OpenFi is transforming traditional fintech 👇 https://lnkd.in/gja8z6w5

Happy Friday! As the week draws to a close, it's time to unveil the latest edition of Fintech in Five, where we spotlight the top five stories shaping the landscape of financial technology. From ground-breaking partnerships to industry insights, here's what's been buzzing in the world of fintech:   Clear Junction, a global leader in cross-border payments for regulated institutions, has joined the UK Cryptoasset Business Council (UKCBC) to support and empower the growth of the crypto ecosystem. The UKCBC serves as the leading voice for the UK’s crypto and Web3 ecosystem through active engagement with policymakers, regulators, and legislators.   Pav Gill, the whistleblower who helped demolish German payment processor Wirecard, has launched a new platform for employees and shareholders to express their concerns over corporate missteps without fear of retaliation or exposure. By enabling secure and confidential internal reporting, Confide® prevents concerns from being stifled by middle management or by the absence of safe reporting avenues.   Kani Payments, the disruptive global data reconciliation and reporting platform, today announces a strategic partnership with issuer processing and core banking platform Pismo. The new partnership with Pismo means that Kani’s award-winning SaaS platform will now be available to Pismo’s global client base, including large banks, marketplaces and fintechs.   Analysis from EV and fuel experts Allstar has revealed major variances in costs with those using street charging caught out. According to a major new study, electric car owners are paying over 20 times more to charge their vehicles in public compared to plugging in at home.   FinTech Aevi has partnered with Silverflow, a cloud platform for global card processing, to help acquirers reengage in direct payment processing. The collaboration aims to support banks with a modern, data-driven processing proposition, by leveraging an Android-led in-person payment solution.   What's been going on in your business this week? Reach out to social@skyparlour.com, we'd love to hear from you. Have a great weekend everyone!

What's hot and what's not in fintech? - In a long strategy session yesterday, we were trying to list the things that are hot and what’s not in fintech. So, what’s hot? Obviously crypto and AI. However, those are the headline buckets, what’s the detail? The detail is the use cases of crypto and AI. This is something I https://lnkd.in/etrBJC3c

Global Fintech Playbook: What Sets Black Banx Apart #BlackBanx #FintechInnovation #DigitalBanking #FinancialInclusion #CryptocurrencyIntegration #GlobalFinancialServices #InnovativeBanking #OnlineBankingSolutions #CustomerCentricService #FinancialEmpowerment

Fiat2Crypto: Fiat-Crypto Gateways Compared Choose the Right Fiat-to-Crypto Gateway for Your Needs Integrating a fiat-to-crypto gateway or onramp onto your website, wallet, or exchange can significantly enhance user accessibility and convenience. But with numerous options available, selecting the best fiat gateway requires careful consideration of several factors. At Fiat2Crypto, we simplify this process by reviewing and comparing some of the leading fiat-to-crypto gateways in the market. Featured Fiat Gateways Moonpay Features: User-friendly interface, supports multiple cryptocurrencies and fiat currencies. Fees: Competitive fee structure, transparent pricing. KYC: Streamlined KYC process, compliant with global regulations. Speed: Fast transaction processing times. Coverage: Available in multiple countries with diverse payment methods. Simplex Features: Instant transactions, supports major cryptocurrencies and fiat currencies. Fees: Transparent fees, variable depending on transaction volume. KYC: Robust KYC measures, compliant with regulations. Speed: Rapid transaction processing. Coverage: Wide geographical coverage, various payment options. Sendwyre Features: API-driven solution, customizable integration options. Fees: Competitive pricing, tailored fee structures for businesses. KYC: Customizable KYC procedures, adaptable to regulatory requirements. Speed: Efficient transaction processing. Coverage: Global reach, extensive payment method support. Banxa Features: Comprehensive fiat-to-crypto solutions, scalable for businesses. Fees: Clear fee structure, volume-based discounts. KYC: Secure KYC process, compliant with industry standards. Speed: Fast processing times. Coverage: Broad global coverage, supports various fiat currencies and payment methods. Mercuryo Features: Easy integration, supports a wide range of cryptocurrencies. Fees: Competitive fees, transparent pricing model. KYC: Simplified KYC process, adheres to regulatory standards. Speed: Quick transaction execution. Coverage: Global availability, supports multiple fiat currencies and payment options. Onramper Features: Seamless integration, customizable onboarding solutions. Fees: Flexible fee structure, tailored to business needs. KYC: User-friendly KYC procedures, compliant with regulations. Speed: Swift transaction processing. Coverage: Extensive geographical coverage, diverse payment method support. Choose Wisely Whether you're integrating a fiat-to-crypto gateway for a wallet, exchange, or online platform, Fiat2Crypto helps you navigate the options to find the ideal solution that meets your specific requirements. Explore our detailed reviews and comparisons to make an informed decision and enhance your cryptocurrency user experience today.

Decoding the Language of Financial Innovation #FinTech #FinancialLiteracy #FutureofFinance The world of FinTech thrives on innovation, and navigating its terminology can feel like deciphering a secret code. But worry not, this guide unveils the essential terms and abbreviations you need to understand the various components that power FinTech solutions. Financial Payments Systems: Payment Aggregator (PA): A digital middleman that consolidates multiple payment methods (credit cards, e-wallets) for merchants, simplifying online payments. API (Application Programming Interface): The middleman that allows different financial applications to talk to each other, enabling seamless money transfers and integrated financial services. ACH (Automated Clearing House): A network for electronic funds transfer between banks in the United States. It facilitates direct deposits, bill payments, and other electronic transactions. PCI DSS (Payment Card Industry Data Security Standard): A set of security standards designed to ensure the safe handling of credit card information. Smart Contracts Related Components: Blockchain: A distributed ledger technology that records transactions on a secure, tamper-proof network. Smart contracts reside on blockchains. Smart Contract: A self-executing contract written in code that automatically carries out its terms when predetermined conditions are met. DApp (Decentralized Application): An application built on a blockchain that operates without a central authority. Cryptocurrency: A digital form of currency secured by cryptography that operates independently of central banks. Often used within smart contracts. E-signature Related Components: Digital Signature: An electronic equivalent of a handwritten signature that verifies the authenticity of a document and the signer's identity. PKI (Public Key Infrastructure): A system for managing digital certificates used for secure electronic signatures and encryption. E-Sign Act (Electronic Signatures in Global and National Commerce Act): A U.S. law that grants legal validity to electronic signatures. Additional FinTech Terms: RegTech: Regulatory technology that uses automation and data analysis to streamline compliance processes for financial institutions. InsurTech: The use of technology to improve the delivery of insurance products and services. P2P Lending (Peer-to-Peer Lending): A form of lending that connects borrowers and lenders directly without a traditional financial institution acting as an intermediary. Robo-advisor: An automated investment platform that provides investment advice and portfolio management services based on algorithms. Understanding these terms empowers us to participate in conversations about financial innovation and unlocks the potential of FinTech in your life. evolves, expect new terms to emerge and existing ones to take on new meanings. Stay curious, keep learning, and unlock the exciting world of financial technology!

From AI revolutionizing customer service to the rise of sustainable finance and the resurgence of digital currencies, here's a glimpse into the future of finance. 1️⃣ Generative AI in Fintech: expect chatbots and personalized financial planning powered by AI models like ChatGPT. 2️⃣ Sustainable Finance: bigger focus on investments supporting green initiatives will give you the power to make a positive impact with your money. 3️⃣ Digital and Crypto Currencies: central bank digital currencies and the resurgence of cryptocurrencies like Bitcoin will be back in the spotlight. 4️⃣ Customer Experience: technology will elevate every customer touchpoint, making interactions smoother and more engaging. 5️⃣ AI-Powered Insurance: AI's data prowess will lead to fairer and more personalized insurance products. 6️⃣ Open Banking: you will be able to take control of your financial data through secure sharing, encouraging competitive innovation among service providers. 7️⃣ Cyber-Security and Fraud Detection: with cyber threats on the rise, investments in cybersecurity tools and skills will remain crucial. 8️⃣ Process Automation: AI will continue to streamline routine tasks, boosting efficiency in back-office processes. 9️⃣ Blockchain Banking: beyond cryptocurrencies, blockchain's use will expand into smart contracts, authenticating transactions, and more. 🔟 Regtech: technology integrating compliance and regulation tools will grow due to increasing complexity in financial regulations. Let us know in the comments what you think will be trending in the finance sector in 2024! #aipartnershipscorp #artificialintelligence #machinelearning #finance #future

Managing the convergence of regulatory tech And fintech Fintech companies enable instantaneous online money transfers, benefiting consumers but also posing challenges for regulators to monitor criminal activity. To maintain modern transaction speed and compliance with regulations, integrating fintech and regtech should be implemented to ensure seamless and secure transactions. Financial institutions must be proactive in monitoring transactions and customers, adapting to emerging threats, to prevent bad actors from staying ahead. Organizations are experimenting with blockchain-based tokens linked to specific individuals, which monitor financial activities across various platforms, rather than just tracking fund movement. https://okt.to/cmNw4d