Our bi-weekly news roundup collects some of the headlines in payments and fintech to watch, giving leaders across industries (or fintech enthusiasts) a quick glance at some of the news in the space. In Flywire’s 10+ years in delivering the most complex, high value payments, we’ve had a unique opportunity to work with many different organizations in the fintech and payments ecosystem. We’ve seen changes in how clients get paid, how their customers want to pay and how central the payments experience has become – not just across the industries we focus on, but every industry.
Headlines
FinTechs Plug SMB Trade Finance Gap with Digital Data-PYMNTS.com
SMBs can face critical cash flow challenges when going global. Fintechs are filling the gap in certain markets.
UK payments watchdog consulting on new APP reporting rules -Finextra
With authorized push payment (APP) scams increasing in the UK, the Payment Systems Regulator will increase scrutiny on banks for protection mechanisms.
SAP Fioneer’s Vishal Shah on the future of embedded finance - Fintech Magazine
Embedded finance has strong use cases in B2B payment flows, according to the head of SAP’s embedded finance solutions, but barriers still exist, including how it differs from existing financial service models.
Revenue cycles challenged by mandates of No Surprises Act- Healthcare Finance
Policy aimed at providing more transparency in healthcare payments for consumers could have a side effect of causing delays for hospitals in receiving disputed payments, which according to one expert could take years to resolve.
Next-Level Efficiency Opportunities for A/R and A/P - ALM | Treasury and Risk
There’s more collaboration between payment and treasury teams, creating a good environment for technology upgrades.
Thales Addresses Inclusivity With Its ‘Voice Payment Card’ - Businesswire
The new Voice Payment Card vocalizes the amount of each transaction before its validation, with the aim of adding another layer of protection for blind and visually impaired people against fraud.
Top 5 fintech trends & predictions for Africa in 2023 - BusinessInsider Africa
Fintechs will try to solve problems for unbanked populations, with African startups getting their “highest funding ever,” and emerging technologies beginning to gain a foothold, according to BDO.
Cross-Border Payments and Ecommerce Report 2022–2023 -The PAYPERS
In its fourth annual report, The PAYPERS focuses on the latest developments in cross-border payments including platforms, infrastructure, and orchestration. It also puts a lens on the UK, Asia-Pacific and LATAM.
From Flywire
Higher education bursars share advice on easing tuition payments
Flywire Director of Client Advocacy & Associations Jim Garrant talks to four universities finance leaders, who discuss how to ease wire transfer payments, 529 disbursements and more.
Behind the EHR: Healthcare’s hidden heroes of patient experience
Learn what 200+ healthcare IT professionals had to say about the state of healthcare IT.
Modernizing the patient financial experience at LifeBridge Health
Flywire EVP and GM of Healthcare John Talaga shares learnings from his discussion with LifeBridge Health’s SVP and Chief Revenue Officer.
Most health IT leaders taking on more responsibility but lack resources: Report- Becker’s Health IT
Becker’s Health IT covered Flywire’s healthcare IT professionals survey, which showed that most leaders are taking on responsibilities outside their role as it is traditionally defined.
The 2022 Top Places to Work in Massachusetts
Flywire landed a spot on the honored Boston Globe list this year.
The Source by Daily Pay: Episode 26: Money 20/20 Exclusive | Allison MacLeod, CMO, Flywire
Flywire CMO Allison MacLeod talks about Flywire's global payment and enablement programs at Money 20/20.
What’s next? Expert predictions on the future of social media for 2023 - Sprout Social
Flywire Social Media Manager Sam Mackowitz shares her advice for being authentic as a company in 2023.
Leaders in Payments Podcast - Mike Massaro
Tune in to hear Mike Massaro talk about his journey to CEO and where he sees the industry going in the next 2 to 3 years.
Report of the week
Future of Payments Survey Finds Increasing Consumer Trust Toward Digital Payment Methods
Some 7 in 10 of the 2,200 people across the U.S. and UK recently surveyed by PCI Pal, Worldpay and Savanta said they regularly use digital wallets to make online purchases, opting for them because they are faster and provide a simpler checkout process.
Stat of the week
$6 - the amount spent to process one invoice if you’re a “bottom performer” as identified by benchmarking firm APQC. Top performers spend $1.42.
Conversation starter
Yellen is First Female Treasury Secretary With Signature on U.S. Dollar - The New York Times
The new bills come etched with history, as signatures by Secretary Janet Yellen and Treasurer Chief Lynn Malerba, the first Native American to serve as treasurer, mark the first time signatures of two women have been on U.S. currency.