Articles by Scott Raspa
Utilizing IT Cost Management for Business Value Creation
A person analyzing data with a pen and calculator.Photo byCanva Managing transformations in information technology is increasingly crucial for companies striving to maintain competitiveness and enhance operational efficiency. Consequently, a surge in the adoption of cloud solutions is observed among mid-sized, private equity-backed, and enterprise organizations.
Security audit of smart contracts: verifying DeFi
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Helicopter money 2.0
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Building Operational Resiliency in Payments
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BNPL and checkout crowding: How many payment options should you offer?
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Should brokerages consider the Metaverse as a potential advertising space?
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Web3 is the Future of Payments
Web3 payments are seeking to completely revolutionize the internet and how it’s run. How we send and receive money is no exception to Web3’s ambitions. You probably know yourself. Buying things on the internet or sending money to friends can be a long and difficult process, often with too many hoops to jump through. But can Web3 really revolutionize the payment space of the internet? And do any Web3 payment services already exist? What is Web3? But, firstly, what really is Web3?
BNPL and checkout crowding: How many payment options to offer?
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Buy high, sell low - why are people losing money?
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How Blockchain-Based Game Development Shaping the Future of Mobile Games?
Blockchain technology is rightly associated with cryptocurrencies. Yes, the technology first came to the notice with the emergence of Bitcoin. But that was just the beginning. Over the years, Blockchain continued to evolve and made its presence felt across many industries and became the most secure technology for handling critical data and facilitating transactions.
Implications of CV19 pandemic on citizen eID services in the future
Over the last 24 months the world has seen a dramatic shift in many behaviours of citizens, governments and organisations that we interact with. The needs of citizens to share and provide ID information & verification to facilitate tasks has increased significantly in the last 2 years, such as showing your CV19 status when attending a ticketed event. As we move to reduced levels of CV19 controls what could be some of the technology benifits seen to society from this awful period.
Digital Platforms: Recovery Tool for SMEs in the Asia Pacific
While the COVID-19 pandemic continues to disrupt businesses worldwide, the importance of staying connected becomes all the more apparent for small and medium-sized enterprises (SMEs) across the Asia Pacific region. When post-pandemic recovery starts, digital platforms would become a locomotive to assist them on the road to revival and success.
Why Banks need a Cloud Strategy for their COTS applications?
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From Neobanks to Embedded Finance: defining a new future for banking
The impact of the challenger banks on the financial services landscape has been widespread and deep. The dominance of the legacy banks has been challenged, and consumers have been shown that they no longer have to put up with poorly designed services and old-fashioned support. But the challengers are far from the final act in the ongoing fintech revolution - and Embedded Finance is the next step. What is Embedded Finance? Embedded Finance is a new model for fintech.
Why Regulatory Imposed Acquiring Price Comparison Tables Will Not Work In The UK
By Peter Jones, Chairman 16 November 2020 Regulatory investigations often try to improve the degree of competition within a market (see recent UK Payment Systems Regulator Interim review of UK Acquiring). A typical recommendation is to mandate suppliers to increase price transparency by publishing their prices, enabling consumers and small business to shop around, easily compare and switch suppliers. In many markets this is an effective way of encouraging competition.
4 steps to a successful data-driven cultural shift
Lavish amounts of data, competitors’ pressure and immense opportunities of data-driven business applications made companies heavily invest in data science initiatives. With many reputable software vendors and data science experts on the market, the transformation shouldn’t be that difficult, right? Unfortunately for many ambitious business leaders, the main challenge of the data-driven change is related to culture, not technology.
BUSINESS AGILITY in Banks - A need for Organizational and Leadership reset, plus looking beyond IT
Ability and need to be nimble, like a blade of grass that bends to the waves of wind in any direction is possibly the right metaphor to use in comparing our ecosystem, in which we work that is notoriously volatile, and the demand therefore is to continuously adopt to change that is constant.
6 Examples Of Embedded Finance Changing The Future
Embedded finance is the future of the financial services industry. It’s the merging of a non-financial service provider, such as a retailer or ride-sharing company, with a financial service, such as payment processing, lending, or insurance. As embedded finance becomes more widespread, it can be helpful to examine some embedded finance examples to see how it’s currently being used and where there is an opportunity for growth and potential.
Super app, or just another mobile payments app?
When we talk about mobile payment apps, many think of a mobile wallet app – one you can use to pay for goods and services with merchants who accept mobile payments. Mobile wallets can often offer different options within the payment process, such as the choice of different source cards or accounts, using NFC or QR codes to create a quick, easy payments experience online or in-store.
Opportunities within Embedded Finance
In a traditional setting, payment is separate from transactions. At the end of a taxi ride, a customer has to dig into their wallet and pull out the cash or credit card needed to settle up with the driver. Embedded finance merges payments and transactions. It creates a seamless experience for the customer by blending what were once separate financial processes with another service.
Where have all the Robos gone?
Four years ago, and continuing until very recently, robo advisory was all the rage. It was impossible to go to any wealth conference without at least one of the speakers expounding the virtues of the technology revolution and how it was going to disrupt ‘established wealth management’. Viewing the industry today, I feel a little cheated… on the surface nothing seems to have changed! So, I decided to have a closer look under the surface. Build it and they will come.
How to Create a Logo for Your New Startup
Running a small business requires a good ability to pay attention to small details, and to improve them as much as you can. You need to be much more focused on every individual client than a larger business, and the same applies to the various small aspects of the business itself. Your company’s logo might not seem that important when you’re just starting out, but the truth is that it matters more than ever at this point.
The benefits of embedded finance
As the fintech industry continues to change, accessible and straightforward interfaces for end users are key to helping financial institutions better engage their customers. One way many fintechs are creating a superior user experience for customers is with embedded finance. It’s a way to make financial processes like payments work seamlessly with other end-user platforms to make transactions easier and faster.
Improving Cash Access in the UK
Cash access is a huge issue in the UK today. To help address the issue, UK Finance established the Community Cash Access Pilot Scheme, to encourage innovative companies to provide new solutions for cash access. Now the Pilot Scheme Board has announced the innovations it has decided to support. A good example of the solutions selected is Sonect, the highly innovative Swiss Fintech. Sonect are to spearhead improvements in cash access in Burslem, Stoke-on-Trent.
7 reasons meet to customers face-to-face
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Is Embedded Finance the Future?
Embedded finance is financial services on the customer’s terms, from anywhere and at any time. They no longer need to visit their bank to get access to their money. In some cases, embedded finance (and more specifically embedded banking) eliminates the traditional bank entirely. Some companies are stepping in to provide banking and financial services, even if financial services do not traditionally fall under their umbrella. So what is embedded finance, and how does it work? What Is Embedded Finance?
Credit scoring - Art or science?
Financial services companies offering credits need to assess the risk they are taking when accepting a credit. This mainly consists of determining the probability that the borrower will not repay the credit, and the amount of money that will be lost in that case. Usually this risk is expressed by respectively the Probability of Default (PD) and the Recovery Rate or Loss Given Default (LGD).
How digital transfers are breaking down borders for foreign workers during the pandemic
When the COVID-19 pandemic started rapidly spreading in early 2020, many of the world’s largest remittance-sending nations, including the United Kingdom, United States, France and Italy, gradually imposed nationwide stay-at-home orders to slow the infection rate within their borders.
Bangladesh to face 4IR
Internet has opened a new horizon which was basically a seedbed of multiple revolution. We keep challenging our limitations and enhancing our productivity. Technology based capacity maximization brought ourselves to embrace a revelation whether we are ready or not. At the beginning of technological advancement, we started using internet as a tool of for completion of task, facilitating productivity, automation of difficult and time-consuming works.
Fintech Companies and Augmented Reality
Augmented Reality or AR is a new buzzword that has been flying around the world. But is it really that new? Technically, it’s not. The Science Fiction world has been working on hyping it up for a very long time. AR with the addition of virtual reality, or AR, has been played around millions of times already with one of the most prominent examples being the film trilogy The Matrix where the whole of humanity is living in a virtual reality created by the AI.
How Bank and Fintech Partnerships are Redefining the Future of Banking
Can fintech and banking play nicely together? Although traditional banks might have once eyed fintech companies with concern or suspicion, the stance of traditional financial service providers seems to be evolving. Traditional banks and financial service companies no longer necessarily look at fintechs as intruders in the field but instead often consider them valuable partners when these traditional companies want to reach new goals or increase engagement with their clients.
What is crypto-anarchism and how it evolved?
Crypto-anarchism is a type of anarchism in which cryptographically protected anonymization technologies, digital pseudonyms, and digital money are used to circumvent state control - surveillance, censorship, and taxation. How did crypto-anarchism originate? In the 1940s, Western intelligence agencies began to study the idea of the participation of the message recipient in the process of coding it.
3 reasons why lending companies should use open banking
The financial environment is changing significantly in Europe and beyond, putting pressure on the lending market. Current conditions raise demand for instant credit products which forces lenders to go digital. Lenders are faced with a serious challenge to ensure business continuity. They need to create a mechanism that allows the assessment of borrowers without the need for their physical presence. How can lenders accelerate and improve the existing processes by digitalisation?
6 Strategies for Banking the Unbanked
Although opening a bank account might be a rite of passage for people around the world, a significant portion of the global population either doesn’t have any form of bank account or doesn’t use a bank for a notable portion of their financial needs. People who are unbanked or underbanked tend to use alternative forms of financial services, such as check-cashing outlets, payday lenders, and money orders to handle their monetary needs.
Fintech in Brazil Has a Bright Future
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Four ways fintech can change the world for good
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Are your emails safe?
Understanding the different types of email security solutions by Scott Raspa, VP, Sales & Marketing, Graphus When we’re talking about cybersecurity, the first thing that comes to mind isn’t always emails. However, up to 91 percent of cyber attacks actually arrive in your inbox. These email-based attacks come in multiple forms: Phishing: this is an attempt to steal login credentials pretending to be a trusted site – like your bank or G Suite login.
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