DashDevs Newsletter #27

Welcome to DashDevs Newsletter #27!

In this edition, we will discuss various key cybersecurity challenges facing the banking industry. We will also be sharing the best practices of KYC (Know Your Customer), reviewing the top cross-border payment vendors, and exploring the development of API. Additionally, we will be sharing information about the best remote management tools that can be used by businesses, and providing tips on developing an efficient pitch deck that makes investors believe in your project.

Let's get started!??

???? Cybersecurity In Banking: Main Threats And Challenges In 2024

The financial industry experiences a worldwide average cost of $5.9 million for data breaches. The greatest number of attacks falls on ransomware, followed by unencrypted data, cloud-based cyber attacks, social engineering, and supply chain attacks. The threats in the banking industry are growing, so it's crucial for organizations to establish a strong cybersecurity strategy. However, numerous challenges hinder this endeavor.

Our article examines these challenges in detail and offers solutions for overcoming them. Read it now!

????♀? KYC: How To Avoid Fraud In Fintech App

Many banks nowadays are opening accounts for people they have never met in person. This increases the risk of providing services to unscrupulous customers or cybercriminals. Know Your Customer (KYC) procedure verifies customers' identities and ensures they are who they claim to be. KYC also helps to block individuals identified as a politically exposed person (PEP), sanctioned people, or fraudsters.??

Our article provides detailed information on how to integrate KYC into fraud prevention strategies. Read now!

?? Top Cross-Border Payments Vendors

Digital payment has become a widely used method of transferring money domestically and internationally. Cross-border payments enable people to make purchases globally without any limitations on regions or currencies. As a result, more and more businesses have started to include cross-border online payments in their fintech or other digital products. But how to choose a perfect cross-border payment vendor for your business?

Our article will guide you through the process. Read now!

??? API In Banking: The Guide To Bank APIs

When developing a banking solution or any other fintech application, achieving interoperability, scalability, adaptability, security, and seamless data exchange with third-party services is crucial. APIs play a significant role in addressing all these aspects. Additionally, they reduce the time and cost of fintech development by enabling the use of pre-existing services instead of building them from the ground up.

In our article, we delve into the topic of APIs in banking and also clarify the differences from open banking. Read now!

?? Best Remote Management Tools For Teams

Many companies already have remote management tools to collaborate with employees around the globe. Despite that, businesses may still face significant difficulties when switching their entire staff to a work-from-home mode. This is particularly true for non-tech companies that are not accustomed to relying entirely on digital solutions when tackling everyday work issues.

Our article provides a comprehensive list of the best remote management tools for ay type of business. Read now!

?? Can Corporate Bureaucracy Be Tamed To Escape The Red Tape?

Bureaucracy can be a helpful tool, but it can also be detrimental if not used properly. It's important to apply its principles to the right processes, whether in business or government affairs. However, if you misuse bureaucracy, your organization may become mired in endless paperwork and regulations. So, how can you strike a balance between bureaucracy and well-defined processes?

Our article sheds light on this topic. Read now!

?? How To Craft An Effective Pitch Deck And Supercharge Your Fundraising Success

Are you an entrepreneur with a groundbreaking idea, a driven team ready to take your project to the next level, or a young startup seeking the resources to grow? If so, you may need to attract investments to start your growth path. Developing an efficient pitch deck can help you achieve this goal. But what is a pitch deck, and what do investors seek in it??

In our article, we answer these questions and provide ten tips on writing an efficient pitch deck. Read now!

And that's a wrap! We hope you've gleaned valuable insights about fintech and banking. Keep up with our page, delve deeper into our articles, and gain additional practical tips and useful knowledge to steer through the complexities of finance and technology.?

Keep an eye out for more expert updates from DashDevs dropping next week!??