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Kaspersky Presents PodKast on Advanced Cyber ​​Defense Strategies

Kaspersky has announced the next episode of its PodKast, which will air on August 28, 2024, at 10:00 AM.

In this unmissable episode, Fernando Andreazi, Solution Sales Manager at Kaspersky, will welcome special guest Julio Signorini, LinkedIn's Top Voice in IT Management. Together, they will explore the most advanced cyber defense strategies, focusing on integrating Managed Detection and Response (MDR) with Threat Intelligence.

Listeners will discover how this integration can revolutionize incident response and significantly strengthen organizations' security posture. This discussion promises to provide valuable insights for cybersecurity professionals and IT managers.

Don't miss this opportunity to learn from industry experts and stay ahead of the latest cybersecurity trends. Tune in to Kaspersky's PodKast on August 28th at 10:00 AM for a discussion that could transform your approach to digital security.

To register, click here .

PagBank reports record quarter with recurring net income of R$542 million (+31% y/y)

PagBank a full-service digital bank offering financial services and payment methods, announced its results for the second quarter of 2024 (2Q24). Among the main highlights of the period, the Company recorded a recurring net income , a record in the institution's history, of R$542 million (+31% y/y). Accounting net income , also a record, was R$504 million (+31% y/y).

About to complete two years as CEO of PagBank, Alexandre Magnani celebrates the record numbers, a result of the strategy implemented and executed since the beginning of 2023: "We have almost 32 million customers . These numbers consolidate PagBank as a solid and comprehensive bank, reinforcing our purpose of facilitating the financial lives of individuals and businesses in a simple, integrated, secure, and accessible way," says the CEO.

In acquiring, TPV reached a record R$124.4 billion, representing a 34% annual growth (+11% q/q), more than triple the industry's growth during the period. This figure was driven by growth across all segments, particularly in the micro and small business segment (MSMEs), which represents 67% of TPV, and new business growth verticals, particularly online , cross-border , and automation operations, which already represent a third of TPV.

In digital banking, PagBank reached R$76.4 billion in Cash-in (+52% y/y), contributing to the record volume of deposits , which reached a total of R$34.2 billion , with an impressive +87% y/y increase and 12% q/q, reflecting the +39%  y/y growth in PagBank account balances and the higher volume of investments captured in CDBs issued by the bank, which grew +127% in the last twelve months.

AAA.br rating from Moody's , with a stable outlook, the highest level on the local scale. In less than a year, both S&P Global and Moody's have given us the highest rating on their local scales: 'triple A.' At PagBank, our customers enjoy the same solidity as the largest financial institutions in the country, but with better returns and terms. This is only possible thanks to our lean cost structure and the agility of a fintech," notes Magnani .

In 2Q24, the credit portfolio expanded by +11% year-on-year, reaching R$2.9 billion , driven by low-risk, high-engagement products such as credit cards, payroll loans, and advance FGTS anniversary withdrawals, while also resuming the granting of other credit lines.

According to Artur Schunck, PagBank's CFO, accelerating volume and revenue, combined with disciplined costs and expenses, were the main drivers behind the record results. "We have managed to balance growth with profitability. Revenue growth has accelerated in recent quarters, and our investments in expanding sales teams, marketing initiatives, and improving customer service have not compromised profit growth, giving us the leverage to revise our TPV and recurring net income guidance upwards ," says Schunck.

With the first half of 2024 drawing to a close, the company raised its TPV and recurring net income projections for the year. For TPV, the company now expects growth of between +22% and +28% year-on-year, well above the +12% and +16% growth guidance shared at the beginning of the year. For recurring net income, the company now expects growth of between +19% and +25% year-on-year, above the +16% and +22% growth guidance shared at the beginning of the year. 

Other highlights 

Net revenue in 2Q24 was R$4.6 billion (+19% y/y), driven by a strong increase in higher-margin revenues from financial services. The number of customers reached 31.6 million , reinforcing PagBank's position as one of the largest digital banks in the country.

PagBank has been working on launching new products and services that will expand its increasingly comprehensive portfolio of solutions to facilitate its customers' business. The digital bank has just launched a service that to receive advance payments from other terminals , with same-day deposits into their accounts. This August, eligible customers will be able to access the service in their bank accounts.

"This will be a new way for merchants to access receivables centrally. With it, it's possible to view and anticipate all sales from any acquirer in the PagBank app, without the need to access multiple applications," explains Magnani. According to the CEO, in this first phase of the product, the company is offering features that include self-service contracting, same-day disbursement for PagBank customers, and customized negotiations by acquirer and amount.

Another newly released feature is multiple boleto payments , which allows you to make multiple payments simultaneously in a single transaction, reducing the time required to process each boleto individually. This solution primarily benefits individual or corporate account holders who want to pay multiple bills at once. And beyond these launches, many more are on the horizon.

" For our 6.4 million merchant and entrepreneur customers , these and other competitive advantages, such as zero fees for new merchants, instant advances to PagBank accounts, express ATM delivery, and Pix acceptance, are significant differentiators. We are focused on attracting and retaining customers and encouraging them to use PagBank as their primary bank, generating more value for the company and contributing to our sustainable growth ," adds Alexandre Magnani, CEO of PagBank.

To access PagBank's full 2Q24 balance sheet, click here .

Couple overcomes crisis, reinvents themselves and earns R$50 million from online furniture sales

From Recife, Flávio Daniel and Marcela Luiza, 34 and 32, respectively, are transforming the lives of hundreds of people by teaching them how to thrive through digital entrepreneurship. They transformed their own experience with Tradição Móveis stores, a business that began in brick-and-mortar retail 16 years ago and currently generates R$50 million in revenue. However, they underwent a digital transformation during the pandemic, when they were forced to migrate to online commerce. 

The furniture store was born from Daniel's desire to become independent. He worked in his father's furniture business in Recife and wanted to advance, so he decided to start his own business. 

However, lacking the money to invest, the young entrepreneur couldn't get credit from banks, much less from product suppliers. That's when he had the idea of ​​selling the damaged products that were sitting idle in his father's store, valued at R$40,000, at a lower price.

With the store open, the first sales began to appear and the entrepreneur, in addition to paying off his debt with his father, invested in new products and, little by little, as he obtained credit with manufacturers, he began offering more furniture options to customers.

Since opening the store, Daniel had been working with his then-girlfriend, Marcela Luiza, who soon became his wife and business partner. Coming from humble beginnings in the Destilaria do Cabo de Santo Agostinho neighborhood, she never imagined she would achieve professional success, especially given the challenges of being a woman running a business alongside her husband while juggling other responsibilities, homemaking, and raising children. "When I think back to where I came from and my journey, I say I'm the unlikely one, because everything didn't point me in the right direction, but we persisted, prospered, and achieved success," she says.

Pandemic vs. Online Sales 

The first foray into online sales began with a loss incurred after opening a store in another city, which resulted in a R$1 million debt. Selling through Facebook was the solution found to cover the shortfall.

Subsequently, the coronavirus pandemic forced the couple to completely change their approach to their work model. With the lockdown, they feared for the sustainability of their business and the retention of their employees – today the company employs 70 people. "But then we started selling remotely, through social media and WhatsApp. As a result, we experienced growth, and no one had to be laid off," recalls Daniel.

With the increase in online sales, the couple began investing in an online store, formatted through Tray, an e-commerce platform owned by LWSA. The company's digital solutions enabled the couple to sell more online and optimize business management with inventory control, invoice issuance, pricing, and marketing—all in a single environment. "We needed secure customer transactions and a reliable website, as well as organized sales and an online catalog, so we sought the technological solution our business needed," he explains. 

They currently operate their stores omnichannel, meaning they offer both physical and online sales through their online store and the company's digital channels. The business's success has led the couple to invest in social media content strategy, and together they have become not only entrepreneurs but also mentors for people who want to invest in or are running their own businesses but need knowledge to improve their performance. 

"The unlikely happens, so our tip for those who are entrepreneurs or intend to have their own business is to always seek knowledge, partnerships with platforms, with technology, and not forget to focus on the customer, who must always be at the center of the business to grow more and more and have recurring sales," says Marcela. 

With its own method, a digital platform transforms the management of franchise networks in Brazil

In the dynamic world of Brazilian entrepreneurship—where, according to data from the Brazilian Franchising Association (ABF), 51 million people want to start a business in the next three years—Central do Franqueado is transforming one of the most sought-after market segments with its own methodology. Called CentralON, the corporation's digital platform already serves over 200 clients and is exponentially optimizing the operational management of franchise networks in Brazil. 

The franchising sector generated R$240.6 billion in revenue in 2023, representing 13.8% growth compared to the previous year, according to the Brazilian Association of Franchisees (ABF). The food service segment, for example, led by foodservice, was one of the fastest-growing last year, reflecting its robustness and potential. Given this scenario, the Franchisee Center is positioned to drive the success of its franchisees.

The CentralON methodology of the Franchisee Center is a process divided into three stages:

  1. ONset : At this stage, there is a detailed analysis of the specific challenges of the franchise network and the right tools are selected to solve these problems.
  2. ONboarding : Here, the company monitors the implementation of solutions, ensuring that everything works effectively.
  3. ONgoing : The third phase focuses on the improvement cycle. The Franchisee Center conducts regular assessments and makes adjustments as needed to provide ongoing support to the network served.

"Every franchise has a unique journey, and our three-pronged approach is designed to illuminate our clients' path to results. The sector is growing rapidly, but we mustn't forget that competition is also growing at the same time. With this in mind, it's important to consider the best strategies to stay active," comments Dario Ruschel, CEO of Central do Franqueado .

Among the competitive advantages offered by the Franchisee Center are the promotion of connection, unification, and expansion of networks, independence, and a platform that simplifies management, from communication to quality control and support during the expansion process. The company also ensures compliance with the General Data Protection Law (LGPD), guaranteeing legal security and peace of mind for operations. 

Focused exclusively on chains with 50 or more units, the platform also stands out for its strong partnership with its customers. "Our DNA and our vision for transformation are some of our greatest differentiators. We believe that our core values ​​and closeness to our customers set us apart in the market. This allows us to offer customized solutions for the specific needs of each chain," emphasizes João Cabral, COO of Central do Franqueado .

Strategic partnership between Oakmont and Transmit Security strengthens the fight against fraud in Brazil

In a strategic move to strengthen anti-fraud operations in Brazil, Oakmont Group , a technology consulting and services firm, announces a significant partnership with Transmit Security , renowned for its customer identity and access management (CIAM) solutions. This collaboration aims not only to expand both companies' presence in the Brazilian market but also to raise the bar on security and efficiency in financial transactions.

Aline Rodrigues, Business Unit Leader at Oakmont Group, emphasizes the importance of this partnership. "When I was tasked with leading the fraud prevention business unit, we chose Transmit as our primary partner because of its ability to provide a complete view of the end-user identity lifecycle," Aline emphasizes. "Transmit differentiates itself by integrating multiple stages of the verification and validation process, making life easier for our customers and providing more robust fraud protection," she adds.

One of Transmit's key advantages is its ability to provide a single platform that integrates multiple verification solutions, from onboarding to continuous transaction validation. This eliminates the need for multiple vendors, making the process more efficient and less prone to errors. "Many companies in Brazil use different vendors for each stage of the verification process, which can lead to inconsistencies and increase vulnerability. With Transmit, we can orchestrate all these steps in an integrated and efficient manner," explains Aline.

"Our platform not only detects fraud, but also improves the customer experience and optimizes performance indicators. The collaboration with Oakmont allows us to offer these benefits to a wider audience in Brazil, leveraging Oakmont's local knowledge and expertise to effectively implement our solutions," adds Marcela Díaz, responsible for LATAM partnerships at Transmit Security.

The partnership stands out not only for the integration of fraud prevention solutions, but also for the advanced use of artificial intelligence (AI). Transmit's AI technology enables in-depth, real-time analysis of large volumes of data, identifying suspicious patterns and preventing fraud more efficiently. With machine learning algorithms, the platform can continuously adapt to new threats, offering an additional layer of security that evolves alongside the risk landscape. This innovative use of AI ensures more effective protection and a safer customer experience.

Transmit Security, present in several countries around the world, sees Brazil as a crucial market for its growth in Latin America. "We have a dedicated team in Brazil that works closely with Oakmont to adapt our solutions to the specific needs of the Brazilian market," says Marcela. "Our goal is to grow in partnership, participating in joint events and activities to increase our visibility and strengthen our presence in the market."

This partnership is already showing promising results, with several major financial sector clients adopting Transmit Security's integrated solutions. "We are focused on prospecting new clients and expanding our operations, always committed to offering the best technology and support to our partners and clients," concludes Marcela.

When is rebranding necessary? Check out 5 tips for a successful transformation

The process of redesigning and reformulating a brand's identity serves to modernize and reposition it in the market, aligning its values, mission, and vision, as well as better meeting customer expectations and standing out from competitors. "For a rebranding to be successful, it's necessary to study the scenario and develop a strategic plan for careful and successful implementation," advises Paula Faria, founding partner and CEO of Sua Hora Unha. 

Several factors may drive the need for this renewal, such as: competition for brand use; expanding the target audience and incorporating a wider audience; increased recognition; expansion and growth; innovations, among others. "Knowing how to identify the right moment for this change is essential because it ensures the company remains competitive and aligned with the needs and expectations of the sector," comments Faria. 

The businesswoman prepared a list of five tips to help you succeed in your transformation process. Check it out: 

How is the market? 

The first step is to conduct research and analyze the market. "You need to thoroughly understand what's happening in your field, what your competitors are doing, and the current perception of your brand. This way, you'll be well prepared for the next steps, so don't skip this step," reveals the partner.

Be objective

Establish a specific, measurable purpose for your rebranding. "Whether it's increasing visibility, reaching new audiences, or modernizing your company's image, set a goal to focus on achieving it," says Paula. 

Your second chance

This change is for your network to grow and succeed. Especially for those who weren't getting good results before, so embrace the repositioning as a second opportunity to do things differently and fix what you were missing. 

“It's important to make sure the new identity is consistent across all communication channels and materials,” says the CEO. 

Patience

Don't just follow your plan haphazardly; be calm and execute it carefully. Immediacy and lack of organization can cause you to miss crucial steps. "Create a detailed plan for the rebranding launch, including timeline, budget, and specific steps," advises Faria. 

Transparency

Maintain transparent communication with your employees, collaborators, and the public. "It's essential that your employees and customers understand the reasons for and benefits of the changes," he concludes.

How to develop an effective App Growth strategy for user growth?

Smartphone apps are essential to our daily lives. They serve a variety of purposes, including helping us do our monthly grocery shopping, ordering weekend pizza, watching TV shows and movies, and even scheduling and making medical appointments. It's hard to imagine a reality without the benefits and conveniences apps provide.

Currently, there are 5.7 million apps operating worldwide; 3.5 million of which are operating on the Play Store (Google's platform), and 2.2 million developed for iOS, Apple's operating system. In the vast world of apps, the competition for success in increasing users and app revenue is fierce; it is in this scenario that App Growth becomes necessary.

"App growth can be defined as a multifaceted strategy whose main objective is to increase an app's active users over time and sustainably, and consequently, boost revenue," comments Rafaela Saad, Sales Manager at Appreach.

How to prepare a solid App Growth strategy?

With the vast number of apps, the App Growth area has become even more strategic. It's crucial to differentiate yourself and consistently capture user attention. It's essential to acquire new users and engage your existing base to keep them coming back to your app and maximize your revenue.

An app growth strategy can be defined as a growth and marketing plan for your app. It will establish ways to increase your app's visibility, downloads, engagement, and sales. To achieve this, you need a very clear objective and KPIs (Key Performance Indicators) that contribute to achieving this goal.

"There are several complementary App Growth strategies, which can be organic or paid. Among these strategies, we can mention campaigns with influencers or affiliates, new user acquisition campaigns, and retargeting campaigns for re-engagement. It's worth noting that these strategies complement each other because each type can target a different part of the sales funnel," he comments.

The Importance of Data Analysis in App Growth

We live in an era of increasingly accessible data for business decision-making. However, it's important to be mindful of how you use this information when executing an app growth strategy. 

Analyzing internal data such as fraud rate, average ticket, ROAS, LTV, and performance per creative is extremely important for assessing the quality of app growth campaigns, while market and competitor benchmarking data (downloads, active users, paid campaigns, creatives, retention) helps understand market positioning and set realistic goals.

Creative ads make a difference

Ads are a crucial part of an App Growth strategy; they're the user's gateway to the brand and product. It's when they're exposed to the ad that the user decides whether or not to download the app.

"Developing a creative and well-developed brand line not only captures attention but also clearly and concisely communicates the app's benefits and unique features. This helps differentiate the product from the competition, ensures users quickly understand the value offered, and provides harmony to the brand's positioning," he says.

Cost-effectiveness should also be considered. Creative and well-executed ads improve conversion rates, resulting in a lower CAC. When users feel compelled by the ad, they're more likely to download and use the app, maximizing your return on investment.

Appreach Development in the App Growth Scenario

"Appreach has a multifaceted approach to app growth strategies. First, we understand that app growth depends on several factors, which can be directly or indirectly linked to growth strategies. Our work begins long before campaign activation. We first need to understand the client's business, their pain points, and objectives, and set realistic goals for both parties. We also understand each client's best workflow to deliver a smooth and seamless experience," he states.

The company's Data and BI team focuses on monitoring and analyzing the performance of advertising campaigns on a daily basis. The goal is to generate valuable insights and provide continuous feedback, enabling the identification of areas for optimization in marketing strategies. To support performance analysis and ensure transparency, reports and dashboards are made available as needed.

"In addition to the KPIs and channels directly related to campaigns, performance is influenced by several other factors. With this in mind, the Data and BI team also uses Market Intelligence and Benchmarking platforms to conduct comparative analyses with competitors. These analyses cover aspects such as creative performance, number of downloads, active users, retention rate, and investment in paid acquisition campaigns," he concludes.

AI in customer service? An expert explains how to use technology to improve the customer experience

With the evolution of customer service, consumers today expect instant response and an enhanced experience, regardless of industry, product, price, or communication channel. However, despite the benefits of adopting artificial intelligence (AI)-based technologies and tools, there is still a long way to go in terms of customer service and customer loyalty.

In this context, Willian Pimentel, Managing Director of Freshworks in Latin America, believes that the future of customer service will be brighter than ever, but requires industry leaders to think systematically about how, when, and where to apply AI to improve the experience.

"Rising customer expectations, which demand efficient and consistent service, similar to that offered by companies like Amazon, have reduced CX quality at a time of significant technological advancement. Customers want everything at their fingertips and expect minimal contact, so companies must adopt new tools to meet these expectations," says Pimentel.

This approach often results in poor customer experiences, according to Freshworks' Director. "For example, when AI is applied indiscriminately, it may handle initial calls well but fail to resolve more complex issues. Customers end up frustrated when their issues are misdirected or when AI solutions are insufficient."

For Willian Pimentel, it's crucial to apply AI systematically, starting with the simplest problems and gradually addressing the more complex ones. The expert explains that AI can perform excellent analyses and quickly understand customer issues, but when it makes mistakes, it can make many. "Therefore, human oversight is necessary to ensure that AI solutions are accurate and emotionally intelligent. This means allowing AI to handle simple, everyday problems while human agents handle the more complex ones," he commented.

As an alternative for companies that are lagging behind in customer service and want to quickly upgrade, the Freshworks executive emphasizes that they must first understand their specific challenges. "New SaaS companies can face complex problems that require careful management. Generative AI can help quickly build a robust knowledge repository and establish an effective AI classification system. This means categorizing problems based on their complexity and ensuring that simpler issues are resolved quickly, while more complex ones are flagged for human intervention." 

Pimentel also emphasizes that clear policies and procedures must be implemented: "In a B2C environment, this is essential for AI systems to provide effective support. For example, AI can handle simple problems following predefined protocols, but human agents must intervene when the AI ​​encounters problems that require more reasoning," he concluded.

Sólides Revolutionizes People Management with the Launch of AI-Powered Copilot

Sólides, a specialist in people management technology for SMEs in Brazil, announced today the launch of Copilot Sólides, an innovative Artificial Intelligence (AI) solution integrated into its platform. The new product offers more than 20 AI-enhanced features, covering all stages of people management, from recruitment to talent retention.

Wladmir Brandão, Director of Artificial Intelligence at Sólides, highlights: "Copilot Sólides is a fundamental step towards democratizing access to technology for SMEs, automating repetitive tasks and leveraging strategic initiatives that truly impact the business."

Unlike other AI solutions on the market, Sólides Copilot is visible and accessible to users, facilitating its daily adoption. Integrated into the Sólides ecosystem, it consolidates the company as a complete solution for SMEs, offering automation and optimization for all HR and HR processes.

Ale Garcia, co-founder of Sólides, emphasizes: "Our mission is to support, accelerate, and enhance the role of HR in companies. With Copilot Sólides, we are democratizing access to cutting-edge technology for SMEs."

The launch is particularly relevant considering that, according to Panorama Gestão de Pessoas Brasil, 87.9% of HR professionals see AI as an ally, but only 20% use it regularly.

Sólides, which already has more than 30,000 customers and impacts 8 million lives through its platform, seeks with this innovation to lead the digital transformation of HR and DP in the country, contributing to the attraction, development, and retention of talent in a sector crucial to the Brazilian economy.

How is innovation redefining the financial market?

Society and the financial sector are undergoing a revolution driven by technological advances, with artificial intelligence (AI) and machine learning being key elements. Applications and tools that would once have been considered futuristic and science fiction are increasingly becoming part of our daily lives, redefining customer experience, asset management, fraud prevention, and other crucial aspects of the field.

The growing demand for automation and predictive analytics in finance is one of the most pressing transformations. Processes that once took days and required countless people can now be completed in seconds. A very simple example is opening a personal bank account. It's unimaginable for young people today to think that it used to be necessary to wait in hours-long lines at the bank, wait for the manager to fill out numerous documents, submit ¾-inch photos, and then have to return to the branch 15 days later to find out whether the process was approved.

Along the same lines, improving the customer experience is one of the use cases we feel most strongly about on a daily basis when we think about integrating AI with machine learning , whether on the front end , with process automation, replacing manual tasks, improving customer service and implementing efficient chatbots, or on the back end , by speeding up analyses such as granting and approving loans.

Another highlight is the application of deep learning to credit risk assessment and management, as seen in the partnership between Citi and Feedzai. The use of Big Data and machine learning to predict customer churn and analyze assets also highlights the versatility of these technologies. Without these tools, business models such as online payments would be impossible, as card transactions are confirmed in seconds, with data traveling globally in an interconnected network powered by AI and ML to verify that a given transaction is being performed by the cardholder.

The transformation of AI and machine learning is also evident in stock market forecasting, with the use of artificial neural networks and algorithms to estimate fluctuations and discrepancies. The implementation of these technologies in credit scoring, exemplified by Equifax in the United States, highlights the scope of this issue.

Therefore, artificial intelligence and machine learning are fundamental catalysts in this entire scenario, providing efficiency, security, and insights for the financial sector.

In Brazil, the Central Bank is still paving the way for a revolution with the BC# agenda, which involves Pix, Drex, and Open Finance. Within this initiative, the use of AI and ML will be transformative for the country. Market logic will be reversed, with citizens ceasing to be "customers" and becoming "users," increasing competition between companies and service providers while simultaneously diversifying opportunities for consumers.

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