Persistent challenges: How legacy systems are holding payments firms back
Posted: 10/06/2024 | Read time: 4 minutes Nick Botha, our Global Payments Lead, discusses how relying on legacy systems and manual reconciliation processes is keeping firms from staying competitive in 2024. He explains how this prevents firms from being responsive enough to meet customer needs and regulatory change. In the past manual reconciliation…
AutoRek Safeguarding Demo Video
Our safeguarding solution is designed to transform the way you manage safeguarding and compliance. Purpose-built for modern firms, our innovative system automates the segregation of funds and reports, ensuring you meet all regulatory requirements effortlessly. Key Benefits include: Our solution lowers the expenses associated with safeguarding compliance. Free up your team to focus on…
Automation’s Impact on Payments Reconciliation
Nick Botha, our payments lead and Don Apgar, Director of Merchant Payments at Javelin Strategy & Research, discuss the importance of optimizing the payments reconciliation process and why automation can have a substantial impact on creating operational efficiency. Tune in to find out: How Reconciliation has become integral to the success or failure of a…
To meet customer expectations, PSPs must prioritise end-to-end reconciliations
Posted: 04/04/2024 | Read time: 3 minutes The payments sector’s success and growth over the past decade can largely be attributed to firms’ ability to meet and exceed customer’s expectations. Unlike established banks, fintechs are largely free from the legacy tech stacks that slow down banks from modernising. So Payment Service Providers (PSPs) can…
Automating recs: Keys to scale
Are you looking to build more efficient operations that handle regulatory change and company growth – without the rising operational costs? You don’t want to miss this podcast from PaymentsJournal. Our payments lead, Nick Botha, joined Brian Riley, Director of Credit and Co-Head of Payments at Javelin Strategy & Research. They discussed what’s in store…
Revealed: 86% of payments firms lack data quality needed for reporting
Posted: 23/02/2024 | Read time: 3 minutes New study exposes the challenges faced by payment firms regarding reconciliations and reporting, with 84% revealing they rely heavily on manual tasks and spreadsheets 23rd February 2024 – New research commissioned by AutoRek, a leading software provider to companies in the global financial services sector, has…
The global payments report 2024
2023 was another turbulent year in the payments space – defined by fierce competition, front-end innovation, and increased regulatory scrutiny. And the payments industry is poised for another year of remarkable growth and change in 2024. Over half of UK and US payments professionals expect their organisation to grow by at least 50% this year.…
Navigating the complexities of payment compliance
The regulatory demands on payments firms are growing – and requirements are becoming harder to navigate. To help you make sense of these requirements – and help you get to grips with what regulators expect from you – tune into this podcast featuring our Global Payments Lead, Nick Botha. Listen to Nick and host George…
Safeguarding best practices: Insights from the FCA, PwC & more
Posted: 15/12/2023 | Read time: 6 minutes In this blog, we share insights from the FCA, PwC, fscom, Privat3 Money, and our Global Payments Lead Nick Botha on safeguarding practices. Failing to comply with safeguarding regulations carries serious implications. Fines are increasing year-on-year and the FCA is cracking down on firms not doing enough…
Safeguarding 101: Everything payments & e-money firms need to know
Posted: 26/09/2022 | Updated: 14/12/2023 | Read time: 5 minutes Where the use of e-money and digital payments has increased, regulatory changes have quickly followed. In July 2020, the Financial Conduct Authority (FCA) published temporary guidance on safeguarding and prudential risk to offset the pandemic-induced disruption. It made it permanent in November 2022. The…