Javelin Strategy & Research

NOVEMBER 7, 2023

Banner Section Home Rss.xml 2024 Trends & Predictions Javelin’s Trends & Predictions reports look at the coming year across the range of Javelin Strategy & Research’s practice areas—digital banking, fraud & security, payments, and wealth management—and highlight the compelling challenges and opportunities likely to emerge.

Trends 45

Trends Fraud Digital Banking Strategy 45

The Financial Brand

JANUARY 1, 2024

This article Trends 2024: Banks Must Ramp Up Protections as Mobile Fraud Grows appeared first on The Financial Brand. An explosion of malicious software targeting mobile applications and their users will be security priority No.

Trends 35

Trends Fraud Mobile Branding 35

PYMNTS

DECEMBER 31, 2020

Debit card issuers face an ever-growing array of fraud schemes perpetrated against them and their account holders. Effective card offerings require financial institutions (FIs) to quickly and accurately detect myriad forms of fraud, forcing them into a delicate balancing act. Security challenges are mounting, too.

Fraud 273

Fraud Strategy Security Cards 273

PYMNTS

OCTOBER 19, 2020

The following Deep Dive explores cross-border payments’ challenges, including time-consuming government inspections, lack of transparency and the potential for fraud. Cross-border payments between businesses are expected to reach $35 trillion by 2022 and 2024 could see up to $240 billion in person-to-person (P2P) payments.

Technology 193

Technology Payments Security Survey 193

PYMNTS

JUNE 9, 2020

As much as 22 percent of consumers have now been targeted by COVID-19 digital fraud scams, driving a mounting need for new ways to mitigate digital fraud risks. billion by 2024. The success of this Series A funding underscores the broad market demand for digital AML/KYC technologies that have risen amid the pandemic.

Online 195

Online Report Compliance Fraud 195

PYMNTS

APRIL 26, 2017

While the fraud-fighting technology available six years ago didn’t stand a chance of protecting HiGear, the current car-sharing market , which is projected to be worth $16.5 billion by 2024, continues to experience similar fraud attacks. Additionally, today’s marketplace is increasingly technology-dependent.

Fraud 121

Fraud San Francisco Retail Branding 121

PYMNTS

JANUARY 27, 2020

billion by 2024. Such firms cannot grow safely without robust security measures blocking fraud and other abuses from their offerings. This task will become more difficult as real-time payments demand increases, causing PSPs to rapidly perform security procedures.

Strategy 155

Strategy Payments Fraud Tools 155

Fintech Labs Insights

FEBRUARY 26, 2024

With AI mentioned in every press release, trade publication article and marketing pitch, it’s hard to follow just who is actually using the technology in their production systems and financial services offerings. Online Digital Banks for Small Business (SMB) Feb 2024

Fintech 15

Fintech Fraud Cards Branding 15

PYMNTS

NOVEMBER 24, 2020

The new company seeks to expand into 49 states by the end of 2022, with a premium run-rate of $1 billion by the end of 2024, the company said. Metromile also licenses its cloud-based software to other insurance companies to help them increase efficiency, automate claims, reduce fraud losses and boost employee productivity.

Arizona 264

Arizona Pennsylvania Capital Washington 264

PYMNTS

JANUARY 16, 2020

A two-headed monster of rising churn and rampant fraud is menacing the growing subscription space, and many companies are spending big bucks to roll out innovative fraud-busting technologies to combat it. This means businesses must prioritize security, even if it means sacrificing transaction speed. billion in 2019 to $4.1

Customer Experience 131

Customer Experience Fraud Video Security 131

South State Correspondent

OCTOBER 25, 2023

After World War II, checks were the hot payment technology and helped fuel the boom that followed. The process was sped up by technology and legislation in the 70’s and 80’s so checks could be scanned and presented faster, but the process remained costly. Checking accounts in the U.S. That is an expensive item.

Fraud 195

Fraud ATM Payments Management 195

PYMNTS

APRIL 27, 2020

billion by 2024, and a separate study suggested that many customers were willing to use FinTechs as well as their primary banks to receive the level of technological support they desired. This type of strategy also allows FIs to implement digital technologies at more measured paces.

Digital Banking 248

Digital Banking Tools social media Mobile 248

PYMNTS

MAY 10, 2017

While the retail point-of-sale (POS) terminals market is currently sitting at $15 billion, Global Market Insights is expecting it to reach $45 billion by the year 2024. Due to consumers increasing use of cashless forms of payment for everyday transactions, there has been a rise in counter money laundering, frauds and terrorism.

Retail 120

Retail Marketing United States Fraud 120

PYMNTS

NOVEMBER 8, 2019

Thanks to smartphones equipped with facial and fingerprint recognition for security, many consumers now have up close and personal experience with newer forms of digital ID. percent between 2019 and 2024 to reach $65.3 The technology gives users greater convenience and security when shopping at mainstream retailers.

Innovation 120

Innovation Fraud Security Data 120

PYMNTS

JULY 10, 2019

With the digital identity market expected to reach $15 billion by 2024, major ID providers such as Google and Apple are racing to improve the identity verification experience. Switzerland’s Jura Hospital is currently testing a 3D finger vein scanner to more effectively secure patient data. Find the feature story in the Tracker.

Apple 158

Apple social media Knowledge Base Mobile 158

South State Correspondent

JUNE 27, 2023

For example, ISO 20022 defines the elements of a real-time payment, what constitutes a beneficial owner, or what happens during a transfer of securities for collateral (below). For example, ISO 20022 provides a set of messages (you can download HERE ) to handle ATM transactions, fraud, account names, and time periods.

System 195

System Data Examples Payments 195

PYMNTS

MAY 12, 2020

According to the Fed, the rollout of FedNow remains on track for 2023 or 2024. National Institutional Facilitation Technologies (NIFT) and B2B FinTech Haball are collaborating to develop a new digital payment rail to facilitate B2B transactions in Pakistan, the companies recently announced. Checks will be around for a while.

Payments 130

Payments Fraud Community Boston 130

PYMNTS

OCTOBER 11, 2019

The self-checkout system market is expected to increase from its current value of $2 billion to more than $4 billion by 2024, according to a new study. The technology, similar to that of Amazon Go stores, uses computer vision and artificial intelligence (AI) to identify what customers take from the shelves. Less so for cashiers.

Retail 117

Retail Study Minnesota Video 117

PYMNTS

OCTOBER 10, 2019

Rising Know Your Customer and other risk mitigation regulations have the financial services world eyeing digital identity technology. Already seeping into the consumer services world, digital identity technology is expected to hit a $12.8 billion valuation by 2024, according to the latest PYMNTS Digital Identity Tracker.

Strategy 124

Strategy Lending Knowledge Base Tools 124

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet. Nuff said.

Fintech 194

Fintech Community Regional Technology 194

South State Correspondent

MARCH 21, 2023

The ERC filing deadline is October 2024. ERC Assist provides clients with a technology platform that showcases bank innovation and demonstrates the bank is forward-thinking. Our group of CPAs and processors have a proven practice and have been through due diligence for information/data security.

Taxes 195

Taxes Community Bank Community Operations 195

PYMNTS

APRIL 15, 2019

Even so, retailers must protect against theft and fraud without adding friction for employees and customers in the age of automation. From Vengo Labs to Carvana , digital innovators in a variety of industries and spaces are reinventing the vending machine concepts with new technologies and features.

San Francisco 130

San Francisco Retail System New Jersey 130

NCR

DECEMBER 2, 2016

The rising importance of one of the most exciting technologies in financial services – biometric authentication – has been marked by Mastercard’s European rollout of Identity Check Mobile , a payment application that allows users to authorize online purchases using fingerprints or facial recognition.

Security 40

Security Payments Cyber Security Regulation 40

PYMNTS

SEPTEMBER 10, 2019

Despite all the discussion about verifying digital IDs without creating friction for the user, recent incidents like cybercriminals using AI to impersonate an energy company’s CEO to falsely request money could give security professionals nightmares. billion by 2024, despite the fact that digital IDs are still largely underused worldwide.

Wyoming 136

Wyoming District of Columbia Colorado Idaho 136

PYMNTS

OCTOBER 11, 2019

Consumers have noticed the rising levels of fraud in digital banking, while fraudsters are relying on technologies such as machine learning (ML) and artificial intelligence (AI). Inside Synchrony Financials’ AML Playbook (Feedzai Digital Banking Tracker). Fun, Cool, and Otherwise Interesting. Healthcare Looks To 5G For Cost Control.

Cards 116

Cards Online Houston Digital Banking 116

Fintech Labs Insights

APRIL 12, 2024

I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

Innovation 15

Innovation Fintech Online Mobile 15

FICO

JANUARY 5, 2023

While a final rule implementing section 1033 of the Dodd-Frank Act will not be issued until 2024, knowing that “rules of the road” are now on the way is sure to add more momentum to open banking initiatives. The SEC rules will require a new cyber security preparedness level that many organizations may not be meeting today.

Policies 52

Policies Company Regulation Risk Management 52

Accenture

AUGUST 26, 2019

In addition, a number of revolutionary ideas have recently hit the financial services industry, including digital and cryptocurrencies, as well as distributed ledger technology and blockchain. And it’s now spreading into RTGS systems, securities and trade finance as well.

Industry 174

Industry Payments System Guidelines 174

Cisco

MAY 25, 2021

Financial Services Bank, Insurance & Wealth industry participants are actively addressing how to balance and deliver a safe return to work, with the right mix between a Secure Remote Workforce and Trusted Workplace to ensure business resiliency for all types of work, independent of work locations.

Strategy 71

Strategy Mobile Study System 71