Category: Blog

The financial services landscape is undergoing a seismic transformation. To thrive, institutions will have to offer more than traditional banking products like accounts or payments and instead operate as comprehensive solution providers. The future will be shaped by those who can integrate advanced technologies to automate key processes, and deliver value-added services tailored to the… Continue reading Gaining A Competitive Edge In 2025: Value-Added Services For Financial Institutions

Navigating the evolving maze of cybersecurity requires caution, adaptability and a forward-thinking approach. New threats such as AI and deepfake technology represent significant hazards to organizations of all sizes. Traditional security systems that were once considered robust are now being sidestepped with startling ease.   Large institutions have always been prime targets for digital fraudsters, but… Continue reading The New Frontiers Of Cyber Fraud: Adapting To The Age Of AI And Deepfakes

The global economy relies heavily on financial institutions (FIs) to remain stable. But with the ever-shifting geopolitical landscape, FIs must be prepared to navigate rapid changes in sanctions. Governments are updating sanctions lists frequently, exposing FIs to severe risks if they are unable to quickly adapt to the changing compliance requirements. Timely preparation is essential… Continue reading Remaining Compliant in the Face of Rapidly Changing Sanctions

Money Services Businesses (MSBs) play a vital role in providing financial services to corporate and private clientele. They thrive on being able to better service and often better price the foreign exchange and cross-border payment needs of their clients as compared to traditional banks. In servicing such a specific product niche, some successful MSBs have… Continue reading Correspondent-Banking-as-a-Service is Carving a New Path Forward for MSBs

Open Banking has already taken root as a regulatory mandate in some countries, and the global regulatory community will inevitably catch up. Open Banking generally refers to banking customers’ ability to authorize third parties, such as their FX or cross-border payment provider, to access and collect exact pieces of data from their financial accounts. In… Continue reading Datasoft Introduces FxOffice BalanceCheck

For FX players, the KYC challenge is this: how do you meet the highest standards of compliance without attrition? It is hard enough to win new business but then to make a poor first impression with clunky onboarding or worse to lose the prospect altogether can be jarring. Datasoft Smartforms is a complete eKYC solution… Continue reading Introducing Datasoft Smartforms

New players entering the competitive and ever-evolving FX and Global Payments space can position themselves for success with the right banking partners, compliance standards and mix of technology. Rahim Harji, CEO of Datasoft Global, shares insights on competitive forces, compliance standards and technology trends new entrants should be prepared for. New FX Brokers and Money… Continue reading Playbook for FX and Global Payments Startups

Giants in the foreign exchange and global payments space that originated in the 1990s and early 2000s built their own proprietary core software platforms. These industry pioneers had little choice but to build given the absence of an affordable, complete and robust FX and Payments core software platform. The decision to build propelled growth and… Continue reading Build Versus Buy

The crash of 2008 proved that no institution is immune from a full-blown liquidity crisis.  While counterparty risk management processes have since evolved, insufficient collateralization programs for FX Forwards victimized Financial Institutions of all sizes during 2020 COVID-19 volatile markets.  Financial Institutions manage FX Forwards risk using several practices in addition to Netting Agreements and… Continue reading Risk Management in Adverse Markets: FX Forwards and Collateral

The financial services landscape is constantly evolving with companies innovating to make payment and transaction services simpler and more seamless. Financial technology companies (FinTechs) are at the forefront of this innovation and drive, introducing cutting edge products and superior services aimed at making various facets of the industry more efficient.  An era of ‘Open Banking’… Continue reading FX and Cross-Border Payments in the Open Banking Era