The fraud and financial-crime prevention company’s machine-learning approach uses adaptive behavioral analytics to identify and root out improper payments.

See www.mckinsey.com/privacy-policy for privacy information

One of the key challenges finance departments face is connecting the various bits of data generated when money moves into or out of the business. This is especially true for small and midsize businesses. Although a profusion of digital payments providers has cropped up to help such companies, many systems generating data from money movement don’t talk to a company’s other systems—at least not well. In this episode of Talking Banking Matters, McKinsey payments sector leader Roshan Varadarajan speaks with Cosmin Pitigoi, CFO of Flywire, which offers a digital payment system has along with software integrations for linking payments to companies’ other systems.

Related insights

Global payments in 2024: Simpler interfaces, complex reality
Unlocking value from technology in banking: An investor lens
Extracting value from AI in banking: Rewiring the enterprise
How to get a core banking transformation right: Eight mistakes to avoid

Follow our banking and payments sector insights: Talking Banking Matters

Read our Financial services blog: Banking & Securities Matters

Discover our latest insights with our LinkedIn community of 9,000+ financial services professionals: McKinsey Financial Services

Find all of our Financial Services insights on McKinsey.com

See www.mckinsey.com/privacy-policy for privacy information

See www.mckinsey.com/privacy-policy for privacy information

In the payments industry, open banking and account-to-account payments have faced slower adoption in certain markets as they compete with card-based and peer-to-peer systems. In this episode McKinsey payments sector leader Roshan Varadarajan speaks with Johan Tjärnberg, the Group CEO of the open banking and account-to-account company, Trustly, about breaking down barriers to commerce and money movement.

Related insights

Global payments in 2024: Simpler interfaces, complex reality
Unlocking value from technology in banking: An investor lens
Extracting value from AI in banking: Rewiring the enterprise

Follow our banking and payments sector insights: Talking Banking Matters

Read our Financial services blog: Banking & Securities Matters

Discover our latest insights with our LinkedIn community of 9,000+ financial services professionals: McKinsey Financial Services

Find all of our Financial Services insights on McKinsey.com

See www.mckinsey.com/privacy-policy for privacy information

See www.mckinsey.com/privacy-policy for privacy information