Page 11 - GS230702

IndustryUpdate

ANNOUNCEMENTS PACE's white-box crypto EMVCo-certified

PACE Anti-Piracy reported its White-box Works soft-
MPC23 to unveil new channel ware toolkit for securing algorithms, cryptographic keys
partner opportunities and data has completed its EMVCo 2023 security evalu-
ation. PACE added its white-box cryptography product
MPC: The Digital Commerce Event revealed that tech is the only such solution to be approved under EMVCo’s
channel leaders will speak at the 13th annual MPC con- Software Protection Tool certification program.
ference coming up Aug. 23 to 25 in Atlanta. Attendees
will be able to meet industry leaders who will share EMVCo creates and manages the specifications and
perspectives on the network economy, which is grow- programs that enable seamless, secure card-based pay-
ing exponentially, according to experts who noted the ments for businesses and consumers worldwide. White-
combined global revenue pool may reach an estimated Box Works was evaluated against EMVCo’s Software-
$70 trillion by 2030. Based Mobile Payment security standards.

Marla Ellerman, MPC executive director and publisher
of Mobile Marketing & Technology, noted that with verti- RESEARCH
cal solutions top of mind among attendees, speakers
and exhibitors, these solutions can help technology Digital wallets to surpass $16 trillion by 2028
service brokers and agents close more deals more rap-
idly while opening adjacent upstream opportunities for A new study from Juniper Research found the total
strategic partnerships and growth. value of digital wallets transactions will rise from $9
trillion in 2023 to surpass $16 trillion in 2028, growing
NAB data scientist receives AI award by 77 percent. This trend is driven by growth across
developed and developing markets, as increased adop-
U.S.-based fintech solutions provider North American tion of advanced services such as buy now, pay later,
Bancard LLC reported that Dublin’s Analytics Institute microloans and personal financial management drives
honored Dr. Pawel Lee, PhD, a data scientist with NAB, end-user engagement, researchers stated.
with the Analytics Practitioner of the Year Award in
the institute's annual Analytics & AI Awards. Lee was The study also found that in a highly congested wallets
recognized for his work on using advanced machine landscape, diversifying their appeal to users is vital. A
learning capabilities for managing and mitigating risk. digital wallet is a software-based system that can act
as a storage mechanism for a user’s payment, identity,
The award, NAB said, aims to celebrate the success of loyalty or ticketing information.
Ireland's top analytics practitioners and acknowledge
their individual achievements in the data science indus- Payments innovation key to
try. NAB’s Enterprise Risk Management Data Science increased financial inclusion
Team was also a finalist for Team of the Year, for its
holistic approach in using data science throughout the The Payments Association released Navigating the ris-
payments risk lifecycle. ing cost-of-living: Payments innovation as a game-changer,
which explores the UK's cost-of-living crisis and pov-
Pavilion Payments a Las Vegas erty premium in great depth and examines how fintech
Host Committee Ambassador innovation, if harnessed correctly, can help mitigate the
impacts of the current economic hardship, support the
Pavilion Payments, an omnichannel payments provider government's welfare reform, and build a more inclu-
exclusively serving the gaming industry, is participating sive and resilient financial system in the UK.
in the Las Vegas Host Committee Ambassador Program
(LVHCAP). It is an inaugural program to support the Completed from interviews with payments companies,
community of Las Vegas during important events such third-sector bodies and local councils, the report iden-
as Super Bowl LVIII. In the lead-up to the Super Bowl, tifies communities that require more support during
the LVHCAP is aiming to recruit esteemed local leaders the cost-of-living crisis, including those on the lowest
in business, medicine, the arts, education, athletics and incomes, as well as the market solutions already avail-
more, who will serve as ambassadors for Las Vegas. able in supporting them.

As ambassadors, participants gain exclusive access to Utimaco finds limited trust in digital security
LVHCAP events, news and business-to-business net-
working opportunities, all while demonstrating their Utimaco released Circles of Trust 2023: Exploring
unwavering support for the Las Vegas community. Consumer Trust in the Digital Society, a white paper that
examines how consumers view trust in an increasingly
digital world. In 2022, researchers surveyed people in
the UK, Spain and Germany and found that consum-

11