Incidents of payments fraud are escalating at an alarming rate as fraudsters continue to outpace technology developers and law enforcement in their level of sophistication. Risk mitigation and the institution of greater controls remain a top initiative for all organisations.
In response, gtnews’ parent the Association for Financial Professionals has released “Payback: Securing Your Payment Channels”, its new Payments Security Guide. Underwritten by MUFG Union Bank, N.A., the guide is a companion piece to the “2015 AFP Payments Fraud and Control Survey”.
Designed to help treasury and finance professionals identify any weak payment channels or routines, the guide offers practical and preventive measures to improve payments security. Featuring insights from the FBI Cyber Division, treasury professionals and AFP’s own subject matter experts, the AFP Payments Security Guide provides treasury and finance professionals with the tools they need to protect their organisations against today’s threats.
Of course, no matter how many protections you invest in, your company’s money and data will never be 100% secure. But just because the threat is real doesn’t mean you can’t prevent it from doing major damage to your business.
Download Payback: Securing Your Payment Channels here.
On day one of SIBOS, panellists unanimously agreed that doing nothing to modernise payments was no longer safe bet for transaction banking.
On day one of Sibos 2017, Stefan Dab, The Boston Consulting Group led a conversation examining the future of correspondent banking, and specifically the pain points corporate treasurers face in their cross-border payments operations and where technology can be developed to alleviate these.
Rising interest rates, excitement around blockchain use cases and cross-border payments were all hot topics at this year's AFP conference in San Deigo.
On-Demand Treasury Management Solutions continue to gain increased adoption in the US and EMEA regions.