And we’re kicking off the week with new analysis and opinions on fintech with banking, Artificial Intelligence, ESG, crypto, and more. Dive into the latest fintech insights and have a great start to the week!

Debit card security takes spotlight as POS payment options grow (Payments Cards&Mobile)

“Debit card or credit?” Not too long ago, the question was a ubiquitous refrain from store clerks nationwide. If asked today, the question would be more complicated. That’s because US consumers have more choices than ever when paying at POS – and the list may soon grow again. Read more

Tooling up: can data analytics make a difference? (Payments Cards&Mobile) 

In our ongoing quest to get behind the hype, we consider Data Analytics and how much of a benefit this gives banks, service providers and retailers when it comes to payments. James Wood crunches the numbers… Recent advances in computing power and more efficient software development mean that some sophisticated services once reserved for large, wealthy corporates are now becoming more attainable, if not exactly going mainstream. Read more

Digital transformations: the impact of leadership conflict and the mask of corporate ambiguity (Fintech Futures) 
A certain amount of leadership conflict is to be expected in any large digital transformation programme. Sometimes, it is actively encouraged to avoid the leadership team descending into groupthink. This tension at the top often stems from the fact that senior leaders have reached these positions of authority precisely because they have very strong and very clear views on what they believe is right for the transformation initiative – they also have very strong and very clear views on most things. Read more

Sift’s new report shows a rise in AI-enabled fraud (The Paypers)

US-based fraud detection provider Sift has published a new report that showcases an increase in AI-enabled fraud. According to the latest data from Sift’s Q2 2023 Digital Trust & Safety Index, more than two-thirds of US consumers reported an upsurge in spam and scams. The rise in spam has been attributed to the introduction of consumer-oriented generative AI tools in late 2022. Read more

How can fintechs address the challenges of scaling overseas? (Fintech Magazine)
Oliver Carson, CEO of Universal Partners, examines the oft-overlooked challenges that exist for fintechs when scaling overseas. Expanding beyond national borders has become integral to any substantial growth strategy for businesses. Yet, while scaling overseas opens up a plethora of opportunities, it also poses new challenges. Among the most significant and often overlooked are the financial obstacles businesses encounter due to the complexities of foreign exchange and the administration of international banking. Read more

Money20/20: SMEs ‘must be supported’, ClearBank CEO says (Fintech Magazine)
ClearBank CEO Charles McManus speaks to FinTech Magazine at Money20/20 Europe about current banking uncertainties and supporting SMEs. FinTech Magazine catches up with ClearBank CEO Charles McManus at Money20/20 Europe to discuss the current fragilities and uncertainties in the global banking industry, why it is critical to support SMEs in different markets, and why events such as Money20/20 are great for fostering partnerships across the broad spectrum of financial services. Read more

The AI era of risk management is a win for financial inclusivity and stability (Tech Crunch)

Managing risk is fundamental to the health of any financial institution, as accurate risk management is essential for driving revenue and fueling new investments. But there are about 1.4 billion credit-invisible consumers in the world who lack sufficient traditional credit data. Through AI and deep learning innovations, fintech startups and financial institutions can now leverage troves of alternative data that go beyond traditional methods of risk management to price risk more quickly and accurately. Read more

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