All types of businesses need some form of business-banking services and it is very important to choose a bank or a banking institution that offers a full range
March 30, 2021
Visa Inc. and fintech startup
Plaid recently called off their proposed $5.3 billion merger. In the digital payments realm, the news was greeted by cheers and jeers. Sure, some unicorn dreams got dashed with follow-on floodgates now seemingly switched off. But ultimately competition should flourish.
And even assuming Visa,
MasterCard, American Express, PayPal and
Square collectively capture the lion’s share of the transaction facilitation market, its sheer enormity still commands attention.
Take B2B payments: an estimated $120 trillion changes hands per year globally. With sums like that at stake – and considering the momentum of the past two years – fintech’s payments-related realms should expect to experience a flurry of activity in 2021.
Streaming video: Breaking down silos for data disruption
It’s no secret streaming video is on the rise. Just last week, Netflix announced it surpassed 200 million subscribers after its largest ever year of growth. Peacock, part of Comcast, launched just six months ago and now boasts 33 million subscribers. The list of streaming announcements goes on and on while competition gets fiercer by the day.
There’s talk about the need to break down data silos across nearly every single industry, but the streaming video industry faces challenges and opportunities which make it uniquely ripe for data disruption. The explosion of streaming video has led to a corresponding explosion of data, and for content providers, this data has the potential to shape decision-making, improve customer experiences, introduce operational efficiencies, and much more. However, the problem is that video s uniquely complex data ecosystem and lack of data standardization have made it nearly impossible to turn a
Singapore: MAS revises Technology Risk management guidelines
News Highlights: Singapore: MAS revises Technology Risk management guidelines
The guidelines are designed to promote the adoption of robust technology risk management practices in the financial sector.
On January 18, 2021, the Monetary Authority of Singapore (the MAS) revised guidelines (the guidelines) to account for the rapidly changing cyber threat landscape and the increased reliance of financial institutions on cloud technologies, Application Programming Interfaces (APIs) and rapid software development. The guidelines apply to all banks, payment service providers, brokerage and insurance companies.
The guidelines, which took effect immediately on the date of issue, are designed to support financial institutions by providing them with a framework of best practices for technology risk monitoring, practices and controls to address technology and cyber risks. The guidelines are not intended to be exhaustive or prescr