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Alipay and AlipayHK Cross-border Transactions Rebound During Chinese New Year as Travels Resume

China’s outbound and inbound travels showed fast and resilient rebounds during the recent long holiday to commence the year of the Rabbit, as witnessed by the strong growth of popular cross-border digital payments.

Between January 21 and 26, the year-on-year growth of outbound transaction volumes by Alipay users has surged by 150%, with the Hong Kong and Macao S.A.R.s being the most popular destinations for mainland consumers, based on the number of transactions during this Chinese New Year period.

Monday, January 30, 2023 - 09:52
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Financial IT
Five Priorities for Optimum Insurance Product Strategy & Profitable Growth

Cheaper, quicker, better the demands of an increasingly price-sensitive customer base are growing every year. Insurance products must be affordable, easy to purchase and offer value beyond simple protection if they are to attract the modern customer, but how can carriers achieve this whilst maintaining profitability?

To answer this question, Reuters Events put together a quick 10-minute read on what's hot in product design and the implications for North America's carriers.

Monday, January 30, 2023 - 09:32
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Financial IT
Consumer Optimism Remains Strong Despite Economic Headwinds, per 2022 Holiday Spending Report From ACI Worldwide

Despite a challenging economic environment, the 2022 holiday shopping season exceeded projections, according to eCommerce intelligence from ACI Worldwide, a leading global provider of real-time digital payments solutions, which analyzes millions of eCommerce transactions on an annual basis to assess year-over-year growth. From October through December 2022, eCommerce transactions saw a 21% increase, beating estimates by 6%. 
 

Monday, January 30, 2023 - 09:17
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Financial IT
Sygnia Expands Incident Response and Proactive Security Services to Include Managed Extended Detection and Response Service

Sygnia, a leading cyber technology and services company which provides high-end consulting and incident response support for organizations worldwide, today announced that it has expanded its incident response and proactive security services to include a managed extended detection and response (MXDR) service.

Monday, January 30, 2023 - 09:10
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Financial IT
Blockchain for Payments in 2023

Saturday, January 28, 2023 - 15:30
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Financial IT
How to Modernize Security for Financial Institutions

Businesses operating in the financial services sector are no strangers to attempted security breaches, especially in a post-pandemic landscape that’s seen targeted cyber-attacks rise by 238% globally. Financial institutions are not only expected to protect the vast monetary assets entrusted into their care, but also the fast-growing quantities of sensitive personal data relating to their customer-base.

Saturday, January 28, 2023 - 15:04
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Financial IT
10 Expenses Every Gig Economy Worker Must Budget For

Having the flexibility and freedom to choose your tasks and create your own schedule are just some of the gig economy benefits you get to enjoy. 

However, you must also take more responsibility when it comes to managing your finances. There are specific expenses you should prepare for as a gig economy worker in addition to the usual expenses you pay at a given time. 

Here are ten expenses that you and every other gig worker should budget for:

Saturday, January 28, 2023 - 15:02
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Financial IT
Financial Planning for Millennials: 7 Strategies for Young People to Build a Strong Financial Foundation for Their Future

Millennials have a reputation for being risk-takers, but they need to build a solid financial foundation for their future. The good news is that you can use plenty of strategies to do this. In this blog post, we'll look at seven strategies to help you build up your savings, prepare for retirement and set yourself up for success in life—all while keeping fees low and diversifying your investments so that bad times don't ruin everything!
Start Early

Saturday, January 28, 2023 - 11:49
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Financial IT
Crypto Wild West: 85% of UK Crypto Firms Fail to Meet Minimum FCA Standards

Around 85 per cent of crypto-asset firms who applied to the Financial Conduct Authority (FCA) were unable to demonstrate they met the minimum standards required for registration under its anti-money laundering and counter-terrorist financing regime.

Friday, January 27, 2023 - 17:24
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Financial IT
Three Urgent Demands Banks Must Meet for Effective Climate Risk Management

Climate change continues to be an existential threat to the future of humanity. 

Friday, January 27, 2023 - 17:20
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Financial IT

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