With huge increases in cyber-crime, digital payments and home working over the past few years, people and companies are starting to sit up and pay attention to their own data and privacy. Techround have collated expert industry predictions for this very topic, including from payments expert and Kani CEO, Aaron Holmes.
Holmes started by saying “Raw data is ugly, it’s complicated and it’s scattered across many file sources, languages and formats. What’s more, big data is getting bigger and more complicated every day.”
“Trying to make sense of all this data can seem like a daunting task, especially for small fintechs or start-ups which lack the resources of their bigger competitors. According to Market Data Forecast, the global fintech market is expected to reach a value of around $324 billion by 2026, and competition will only get tougher over the next few years.”
“Without accurate and transparent data reporting and reconciliation, companies can face fines due to non-compliance with regulations and inaccurate audits, which could threaten the survival of the business.”
“In the fintech space, third-party data comes from multiple processor relationships, card scheme relationships and bank account relationships, often spanning different countries. New services like open banking also add new complexities to data layers, forging infrastructure connections between different entities, portals and APIs. While these services allow transactions to move much faster, every new touchpoint is a new data source that needs to be parsed, analysed and generated into accessible outputs.” Read the article here
The full Techround article includes thoughts and predictions from experts across the industry, including;
- Anthony Di Bello, Vice President, Strategic Development at OpenText
- Marc Linster, CTO at EDB
- James Manderson, VP of Customer Success at Braze
- Claudiu Cogalniceanu, Founder at FindMyData
- Therese Schachner, Cybersecurity Consultant at VPN Brains
- Daniel O’Neill, Director of MDR Security Operations at Bitdefender
- Nigel Cannings, CTO of Intelligent Voice
- Mark Ruchie, Chief Information Security Officer at Entrust
- Rupert Brown, CTO and Founder of Evidology Systems
- Aaron Holmes, CEO and Founder of Kani Payments
- Amir Hashmi, CEO of zsah
- Jeff Samuels, Chief Operating Officer at Iterable
- Cory Munchbach, COO at BlueConic
- Tony Lepage, Solution Architect of Mlytics
- Tamas Kadar, Co-Founder & CEO of SEON
- Bence Jendruzsak, Co-Founder & COO of SEON
- Lloyd Davies, Managing Director UK at Making Science
- Anthony Lamy, VP EMEA Client Partners at VidMob
- Alexander Azarov, CEO & Founder at Clickio
- Charlie Johnson, VP International at Digital Element
- Paul Wright, Managing Director UK, FR, MENA & TR at AppsFlyer
Read more here about how Kani are fueling growth for Fintechs and payments systems globally.