Payments, Fintech

How Artificial Intelligence Will Change Payments

March 19, 2022

How Artificial Intelligence Will Change Payments
Both consumer and business payments have been moving full steam ahead, catapulted by innovations like big data, open banking, and other advancements in technology. Artificial intelligence (AI) has played a big role in the payments evolution thus far and will continue to be a main player moving forward. IDC projects that financial services companies will spend $11 billion on artificial intelligence next year. While financial services and payments certainly stand to benefit from the AI revolution, all industries will experience benefits from these developments. Accenture reports that AI can boost rates of profitability by 38% on average by 2035 and could lead to an economic boost of $14 trillion among 16 industries across 12 economies by that time, too

Spotlight

Oikocredit

Oikocredit is a worldwide cooperative and social investor, providing credit and equity to microfinance institutions and directly to trade cooperatives, fair trade organizations, renewable energy projects and small to medium enterprises (SMEs) in developing countries. Oikocredit’s strategic focus areas are inclusive finance, agriculture, renewable energy and Africa. As a social investor, Oikocredit's work is guided by the principle of empowering people to improve their livelihoods. Oikocredit offers a triple return to its investors: social, environmental and financial. In addition to earning a modest return, investors are secure in the knowledge that their money is being used to improve livelihoods, promote fair trade and respect the planet's natural resources. Oikocredit has investments in over 70 countries worldwide, with its international office based in Amersfoort, the Netherlands.

OTHER WHITEPAPERS
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The Gap in Financial Services and Customer Service Innovation

whitePaper | October 26, 2022

They claim that financial services institutions (FSIs) fall short in several areas, including anticipating needs, prioritizing financial wellness, and enabling customers to control their data.

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A Proposed Financial Intermediary Fund (FIF) for Pandemic Prevention, Preparedness and Response Hosted by the World Bank

whitePaper | May 17, 2022

COVID-19 has highlighted the urgent need for collective action to augment the existing global health security financing system and mobilize additional resources for increased investments in pandemic prevention, preparedness, and response (PPR). Avoiding future pandemics requires investing substantially more in PPR; these investments will help avert the much larger costs that the world would have to incur if we were to be caught unprepared for the next global health crisis. Countries must step up domestic investments in the core capacities needed to prevent and contain future pandemics, in accordance with the International Health Regulations. This must be complemented by enhanced external financing, particularly for developing countries. The joint World Bank-WHO paper on PPR financing needs and gaps1 prpeared for the G20 Joint Finance and Health Task Force (JFHTF) estimated that external financing amounting to an additional $10.5 billion per year, over the next five years, is needed for investments at the country, regional and global level to strengthen the capacity of low-income and middle-income countries. PPR is a global public good. Mobilizing the needed external financing to strengthen PPR in lowand middle-income countries and regions, that are the most fiscally stretched and in need of financial support, is the collective responsibility of the international community.

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test tag fun

whitePaper | October 6, 2020

nter the title in less than 150 characters in title case. E.g. “Telit Devcon IOT Innovation

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Security Essentials for FinTech Apps

whitePaper | November 29, 2022

Based on our experience of building financial and banking products, we can state that there are corners FinTech companies should never cut. The past shows that core security features and software compliance should be an integral part of any MVP coming to the market. Therefore, you either put it in the MVP backlog from the very beginning or use a prebuilt software that already comes with the core security components.

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BUILDING A CASH CULTURE DRIVEN BY AR EXCELLENCE

whitePaper | June 11, 2022

Prudent cash and liquidity management is critical in times like these. Cash management practices can make or break a business. Businesses that managed cash and liquidity prudently before the pandemic have remained resilient, while less-prepared businesses faced existential threats in the face of a liquidity crunch. As businesses emerge from the uncertainty of the pandemic and chart paths to revenue and profit growth, senior executives have a rare opportunity to rethink the way their business manages its cash. Modernizing the underlying accounts receivable (AR) systems and processes that a business uses to apply, manage, and forecast its cash can create a culture that can result in long-term cash excellence.

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INTERCONNECTEDNESS REVISITED

whitePaper | May 24, 2022

DTCC’s 2015 white paper, Understanding Interconnectedness Risks, underscored the importance of looking at the global financial system as a complex network of interdependent components. Building on efforts by academics and researchers to apply network theory and other insights to financial risk management, the paper highlighted how the failure of a large and highly interconnected entity can impact the financial system and the real economy to the point where it can cause worldwide financial instability.

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Spotlight

Oikocredit

Oikocredit is a worldwide cooperative and social investor, providing credit and equity to microfinance institutions and directly to trade cooperatives, fair trade organizations, renewable energy projects and small to medium enterprises (SMEs) in developing countries. Oikocredit’s strategic focus areas are inclusive finance, agriculture, renewable energy and Africa. As a social investor, Oikocredit's work is guided by the principle of empowering people to improve their livelihoods. Oikocredit offers a triple return to its investors: social, environmental and financial. In addition to earning a modest return, investors are secure in the knowledge that their money is being used to improve livelihoods, promote fair trade and respect the planet's natural resources. Oikocredit has investments in over 70 countries worldwide, with its international office based in Amersfoort, the Netherlands.

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