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OCC keeps focus on bank/fintech partnerships

CFPB Monitor

He observed that “[d]igitalization has put a premium on online and mobile engagement, customer acquisitions, customization, big data, fraud detection, artificial intelligence, machine learning, and cloud management” and that “these activities require expertise and economies of scale that most banks do not have.”

Fintech 146
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Sift Science Eyes Global Fraud Prevention With $53M In Funding

PYMNTS

The company uses big data and machine learning to detect fake accounts, payment fraud, account takeover and content abuse. With Sift Science, they no longer need to make this tradeoff – they can reduce risk while also improving customer experiences.”. For example, Palo Alto-based Simility received $17.5

Fraud 108
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Uncovering the Hidden Efficiencies in Loan and Deposit Operations

Gonzobanker

Smarter banks focus obsessively on how they deliver value and a winning experience for customers. To stay relevant, banks and credit unions need to continually evaluate their people (organization, staffing, roles), processes, technology and enterprise/departmental strategic objectives to ensure they are achieving optimal performance.

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How payments innovation could transform the retail industry

NCR

Evolution in technology has always had a big impact on how people live their lives, but this phenomenon has arguably been more pronounced in the 21 st century than at any other time in human history. Could digital wallets reinvent the customer experience? In September 2016, only 12 percent of people held this view.

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Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti

FICO

Product teams, business models and customer development strategy were all challenged in the last year as adaptation became the name of the game. The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models.

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Wave of change: Why corporate banks must become part of the digital enterprise

Bussman Advisory

Driven by unprecedented speed and adoption of new technologies and business models, and accelerated by game-changing regulatory directives like PSD2 and GDPR , this new world of banking will be one of open architectures and broad, integrated ecosystems. This is certainly the case with corporate banking. In Industry 4.0,

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Analyzing The Private Market Investment Strategies of P&C Insurers

CB Insights

Stated investment focus: Mobility & connected car, connected home & properties, insurtech & wealth management, digital health, cybersecurity & data intelligence. ” In this area, AmFam has made investments in startups including Cozy , a rent management startup, and mobile used car marketplace Instamotor. .”