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
Why PCI DSS 4.0 Should Be on Your Radar in 2023 - The Hacker News
Released last year, the latest version of the payment security standards will bring new requirements that aim to strengthen client-side security. Compliance is getting harder, and organizations should start preparing for when the new standard goes into effect in 2024.
B2B payments provides growth in 2022 amid wider challenges- FXC Intelligence
In an interesting year for the fintech space, tech companies focused on B2B payments provided a bright spot, with FXC Intelligence pointing to “pure B2B players” like Nium and Flywire having strong years.
Oracle’s Ellison: ‘We have a much faster network than anybody else’ - CRN.com
Flexing its cloud and database prowess on its final earnings call of the year, Oracle’s Larry Ellison said the company is aiming to make B2B transactions look like B2C ones, with its sights set on automating B2B commerce for companies running Oracle Cloud software.
Global Growth Creates Compliance Challenge for Digital Brands- PYMNTS.com
This new report from Citi and PYMNTS.com looks at the challenges and opportunities for digital-native companies as they expand internationally.
Out-of-pocket health costs spiked in 2021 - Axios
Amidst all the talk of inflation in 2022, Axios points to some concerning stats about how much more Americans paid out of pocket for healthcare in 2021.
Travel in 2022 Explained in 11 Charts - Skift
Skift presents the state of travel in 2022 in graphs – looking at a range of metrics from financial performance and consumer travel plans, to inflation and spending patterns.
CBDC projects pick up the pace as 2023 kicks off - American Banker
The author highlights several CBDC projects underway that are likely to inform a path forward in these locations in 2023.
Four banking trends we’re tracking for 2023 - Insider Intelligence
Make room for more embedded payments products this year, such as embedded lending, white-label credit cards as a service and more.
From Flywire
14 top stories in fintech and payments 2022
We took a look through our “Last week, today” bi-weekly fintech and payments news roundups for the year, and some key themes and stories emerged. Here are the 14 biggest things that happened in (or to) payments and fintech in 2022.
Fintech for education: Helping agents navigate the world of digital payments
Fintech trends are affecting education agents – here’s what you need to know to stay ahead.
Healthcare IT roles are more complex, go way beyond managing technology
Healthcare IT professionals know that the job today involves a lot more than managing the EHR system, and has expanded well beyond traditional definitions. Respondents to our 2022 survey are being measured against additional metrics associated with operations, finance and revenue cycle management.
Travel in the Post-Covid World: A Look Ahead to 2023 - The Street
Flywire VP and GM of Travel Colin Smyth weighs in on the year that was in travel, and why travel advisors, experiences and more will continue to be valued in 2023.
Stat of the week
Businesses in the U.S. and Canada surveyed by AFP and J.P. Morgan who received payments by check in 2022 – a 6 percentage-point drop since 2019.
Report of the week
The final quarterly CFO survey of 2022 from Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta reveals a somewhat pessimistic outlook from CFOs, with inflation remaining their top worry, followed by quality of labor and tightening monetary policy.
New for 2023: Word of the week
Lisness - Luxury travel company Black Tomato coined the term that represents a “paradigm shift” in how to think about “bleisure or workations” - in which travelers plan a trip for leisure first, and create time to work.
Conversation starter
365 Best Inspirational Quotes for 2023 - Inc.com
As the title states, a little pep talk for every day. Skip ahead to June 27 for a zen-ish one with fintech underpinnings.