VertifyData’s Post

It can be very difficult for banks to switch data providers. When you’re driving a wagon down a muddy road, it’s hard to break free of the well-worn tracks. We don’t want to undersell the challenges. SQX understands how daunting the transition process can be, so we’ve streamlined it as much as possible. Whether banks find SFTP or API more helpful, our data delivery process is always tailored to the bank’s needs. If you need some packed straw or a good pair of planks, we’ll do whatever it takes to get your wagon out of the rut. Want to hear more? Contact SQX, Securities Quote Xchange today! #fixedincome #data #banks

Many banks make this common mistake after they onboard their initial data source: They let their attention stray, and never reevaluate. Unfortunately, lack of attention can come at a steep cost. Big data vendors often charge inflated prices and provide subpar customer service. Since banks rarely audit their relationships with big data vendors, they find themselves—whether knowingly or not—stuck in a rut. Many banks are caught in a cycle of convenience over quality—they stick with the pricing provider they’ve “always used,” and are hindered from exploring more efficient and economical options. But what if there was a way to get out of the rut? Enter SQX, Securities Quote Xchange LLC. We aim to help banks optimize the way they receive data, by providing responsive customer service, complete transparency, and file delivery through SFTP or API. In short, we’re a data provider worth paying attention to. #data #banks #corporatefinance

In an industry where trust and security are of high priority, a central management software plays a crucial role in ensuring that financial institutions remain safe and secure. #NDIS provides an essential solution for maintaining the physical security of banks and financial institutions with its large variety of innovative features. Check out some benefits NDIS can provide below: #banksecurity #psimsoftware #centralizedmanagement

Want to make your Finance team really happy? 😀 #Yavrio connects your #MSD365 #BusinessCentral dashboard directly to your bank feeds for real-time visibility 👀 of your balances and industry-leading bank grade security. 🔒 Link in comments below 👇👇

Why Every financial institution required these Essential SMS Service Feature. Checkout our latest blog : https://lnkd.in/d39rwMMs #bankingtech #insuretech #otp #bulksms #smsgateway #apiintegration #bankingsoftware #communicationstrategy #rbi #npci #smsservice

Checkout our what you can get with Nanodems Physical Security Management Software NDIS. #banksecurity #psimsoftware #centralizedmanagement

Why Every financial institution required these Essential SMS Service Feature. Checkout our latest blog : https://bit.ly/4a27OIW #bankingtechnology #insuretech #otp #bulksms #smsgateway #apiintegration #bankingsoftware #communicationstrategy #rbi #npci #smsservice

How is a fake payment/wire request still a thing in 2023? How is it that a payment request can be forged and a payment made to a 3rd party so easily and is happening every day? It's because we still rely on good old email for handling that request with zero authentication and an easily faked platform. Any deal where there is a large $ amount involved should not be happening in email anyway - There is too much sensitive product data, too much IP being shared to secure it (on insecure it) in plain email. It should always move to a secure data room where not only documents can be shared but also the conversations, tasks, signatures and importantly, payment requests. That way when the deal is complete the payment request can come via the data room where it's authenticated and visible to the teams on both sides. Just add a new message, attach any documents and send - And because it's encrypted at the data room level the message, document and bank account info can't be modified outside of the room. Cybersec isn’t hard - we just make it that way. DropVault #investing #wirefraud #dataroom #infosec #dataprotection

How do CDR Bank Statements differ from your regular bank data feeds? The difference is night and day. The Consumer Data Right, or CDR, is a new and separate system, governed by Commonwealth Government regulations to ensure accuracy and security. By contrast, many bank data feeds rely on ‘screen-scraping’ – a workaround that uses login details to mimic the customer logging in and scrapes the data out. ACSISS Adviser allows consumers to direct their data to their Trusted Adviser (Tax or BAS agent), without it being edited. Next time you review your bank data sources, ask yourself “Do I want a workaround or a solution designed with my security and accuracy in mind?” #OpenBanking #CDR #ACSISSAdviser

🏸 Top 5 Best Practices for Optimizing Your Payment Processes 🏸 In my role as a Payment Advisor, I’ve seen firsthand how optimizing payment processes can significantly enhance a business’s efficiency and financial performance. Here are my top 5 best practices: 1.Adopt Multi-Channel Payment Solutions 2.Ensure Payment Security with Advanced Encryption 3.Consistently Review and Improve Payment Systems 4.Utilize Data Analytics for Strategic Decision Making 5.Stay Informed on Payment Regulations and Compliance What approaches have been effective for you? Let’s start a conversation! #PaymentOptimization #BusinessGrowth #PaymentStrategies #FinancialAdvisor #PaymentSolutions #paycron #Echeck #usa