TNGlobal Insider

Vietnam is well known for being one of the best offshoring destinations for its affordable but wide tech talent pool.

With the threat of payment fraud accelerating faster than ever, it's important that merchants stay vigilant and ahead of emerging fraud trends. Here are five ways to protect businesses from fraud attacks in 2021. 

Companies have to ensure that their blockchain initiatives are able to relieve persistent pain points and cases, where product source is key to value and pricing is strong. Those initiatives that deliver concrete financial returns, able to engage customers, gain significant loss reductions, and improve supply chain efficiency in the near term will succeed.

There has also been an increase in demand for ESG investments. The demand has led businesses to relook at their business models and move towards sustainable practices. This also adds pressure to businesses and leads them to claim that their products and services are “clean”, “organic”, “sustainable”.

Climate change causes changing harvest patterns that threaten the predictability of supply, while over-cultivation leads to the desertification of land. Food self-sufficiency, and farming in urban areas, could revolutionize our traditional modes of procuring food.

Innovation and sustainability come hand in hand. For sustainability to truly be sustainable, it actually requires the presence of a vibrant ecosystem that is able to introduce new technologies and perspectives to address the challenges we face today.

The emergency of climate change requires drastic changes. However, a lot of issues do not need a disruptive technology (often then contrary: old tech, low tech, symbiotic tech), but a disruptive change in behavior. Sobriety has a faster chance of success than developing alternative solutions to support the consequences of pursuing overconsumption.

With Open Finance, banks and lending platforms can credit score their lenders in a faster and more accurate manner. By accessing their cash flow statements, these lenders will have a clearer picture of an SME’s true ability to repay the loan.

Though it’s true that FinTech has made our lives much more convenient, it’s also true that the delay in its maturity can and has led to its exploitation. And with the adoption and promotion of cryptocurrency by an increasing number of businesses, Bitcoin and altcoins (cryptocurrencies other than Bitcoin) have become the hottest new vessel for criminals to…

Apply strategies to get customers on board, but never take them for granted once they are committed to your brand. It's a relationship of trust where you have to make the efforts, always. Once you start doing that, they will become your brand advocates.