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Bank wire fraud – How social engineering and technology perpetrate fraud losses

Abrigo

Takeaway 1 Bank w ire transfer fraud is increasing due to technological advances today. Takeaway 3 Education and technology tools are our best defense against b ank wire transfer fraud in our institutions. While wire transfers offer speed and efficiency, they have always carried inherent risks. Spread the word.

Fraud 195
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Small Business Rescue Program Faces Tech Challenges

PYMNTS

Amid processing and technology challenges that are holding back payments, the U.S. The Independent Community Bankers of America (ICBA) told the Small Business Administration (SBA) and the Treasury about the “massive delays” and “failed technology” that members were facing. More than 85,000 people asked for $22.2

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4 ways to track your bank’s marketing performance

Independent Banker

Measuring the success of your community bank’s campaigns can lead to greater ROI, increased conversion rates and a game plan for future initiatives. From mailers and e-newsletters to social media posts and events, there are countless ways to spread the word about your community bank and its offerings. By Taylor Hugo.

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Banks Break Free of Cookie-Cutter Social Media

American Banker

For some banks, gone are the days of just using social media to update followers on branch hours. Increasingly, banks are using sites like Twitter and Facebook for something much larger.

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Facebook Deal With Jio Faces Antitrust Scrutiny In India

PYMNTS

billion deal for a minority stake in the telecom startup Reliance Jio , giving the social media giant a larger foothold in the region. With communities around the world in lockdown, many of these entrepreneurs need digital tools they can rely on to find and communicate with customers and grow their businesses.

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Startups Settle In Sydney To Join Growing FinTech Ecosystem 

PYMNTS

Sydney was the natural choice as a base for Stake as a key financial hub in the Asia Pacific region,” Stake Co-founder and COO Dan Silver told PYMNTS.com in an interview. As such, startups such as Stake , which offers a way for investors to trade U.S. stocks, call the city home.

Fintech 101
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Facebook Faces Billions In Possible GDPR Fines

PYMNTS

As reported, the social media giant was hacked through a vulnerability in the Facebook source code, which gave the attackers the ability to steal access tokens, which they in turn used to keep Facebook subscribers logged in. That document focuses on budgets and regulatory efforts across the region. Crypto Regulations.