PYMNTS

JANUARY 27, 2021

This increased digital presence also brings a greater risk of digital fraud, however. Some schemes that are impractical to wage in person are simpler to perpetrate online because of a decreased security presence, the anonymity of transactions and fraudsters’ abilities to stage hundreds of attacks simultaneously.

Security 213

Security Innovation Fraud Study 213

PYMNTS

DECEMBER 17, 2020

Kakao Bank Corp. , a South Korean digital bank, has chosen Credit Suisse and KB Investment & Securities as its advisors for its upcoming initial public offering (IPO), Reuters reported. The bank's most current valuation is estimated to be around 10 trillion won ($9.1 billion).

Samsung 243

Samsung Digital Banking Security Fintech 243

Accenture

MARCH 24, 2017

With the introduction of PSD2, a new era of secure payments has begun in the European Union. PSD2 requires European banks and other payment service providers to allow customers’ accounts to be accessed via. The directive provides measures to protect the confidentiality and integrity of personalized security credentials.

Fraud 188

Fraud Security System Payments 188

Accenture

MARCH 24, 2017

With the introduction of PSD2, a new era of secure payments has begun in the European Union. PSD2 requires European banks and other payment service providers to allow customers’ accounts to be accessed via. The directive provides measures to protect the confidentiality and integrity of personalized security credentials.

Fraud 186

Fraud Security System Payments 186

Insights on Business

FEBRUARY 13, 2019

How do banks prepare for this new reality? For Bradesco, a large Brazilian bank, NEXT is the answer. Next is a digital bank, completely disassociated from the Bradesco brand. Next has access to all of Bradesco’s ecosystem, ATMs, call center, internet banking. Financial management. Protection (Security).

Albuquerque 152

Albuquerque Digital Banking Millennials social media 152

PYMNTS

JANUARY 19, 2021

National Australia Bank (NAB) has chosen Eedenbull to integrate its payment and spend management technology for SMB customers. NAB will add Eedenbull’s Q Business platform to its offering to help SMBs track and manage spend, as well as to automate compliance controls. As part of the bank’s modernization initiatives, Komer?

Fintech 341

Fintech National Groups Tools 341

FICO

JANUARY 25, 2021

Customer identity management is a term that is subject to a number of definitions. The goal of CIM is to meet regulatory rules and legislation, prevent fraud and financial crime, and manage risk—all while making it simple for customers to transact. Customer identity management operates today in an unpredictable environment.

Management 98

Management Fraud Customer Experience Compliance 98

PYMNTS

AUGUST 21, 2020

Digital banking is reaching unprecedented levels of popularity amid the pandemic, with 89 percent of American bank customers using mobile banking apps to manage their savings and checking accounts. Developments From Around The World Of Digital-First Banking. billion by 2024. billion by 2024.

Analytics 266

Analytics Fraud ATM Report 266

PYMNTS

JUNE 21, 2020

The new process also does away with manual paperwork and uses more efficient cash flow management to create a “seamless” process, according to the press release. Yvonne Yiu , head of global liquidity and cash management with HSBC, said the simplicity makes a difference for the customer.

Payments 359

Payments System Security Management 359

PYMNTS

AUGUST 24, 2020

Moving to cloud-supported infrastructure is one way these banks could shore up their products and keep customer interactions seamless. Banks looking to make this shift must consider that these systems, as well as the data that underpins them, operate in fundamentally different ways than traditional banking operations.

Digital Banking 226

Digital Banking Software System Innovation 226

PYMNTS

JULY 1, 2020

Or that, on average, 15 percent of an FI’s annual operating costs go toward maintaining core banking systems that are outmoded? Many of these legacy banks are also planning to integrate AI [artificial intelligence] tools, but their reliance on outdated infrastructure could be hindering their cloud migration plans. “The

System 268

System Digital Banking Tools User Experience 268

PYMNTS

JUNE 10, 2020

A recent survey found that 40 percent of respondents expect to bank in person at branches once it becomes safe to do so, implying that the remaining 60 percent may cling to digital services. They need to thoroughly vet new customers and comply with security obligations to prevent crime from proliferating. Tapping Mobile KYC .

Mobile 130

Mobile Security Examples Study 130

PYMNTS

SEPTEMBER 23, 2020

Banks in the EU have been racing to comply with the General Data Protection Regulation ( GDPR ) and the revised Payment Services Directive ( PSD2 ) since both measures were enacted in 2018. He explained that the cloud can help FIs swiftly respond to compliance and security challenges during the pandemic. Security Takes Center Stage.

Compliance 225

Compliance Regulation Guidelines Security 225

PYMNTS

OCTOBER 29, 2020

Small business lending platform BlueVine is the latest FinTech to take this path, having taken the wraps off of its banking solution this week with the launch of BlueVine Business Banking. Tennessee's First Horizon Bank revealed a new partnership with NCR to adopt the latter's D3 digital banking platform, the firms recently revealed.

US 203

US Fintech Tennessee Compliance 203

PYMNTS

SEPTEMBER 16, 2020

The shift is increasingly necessary as the digitization of payments and commerce continues to accelerate, especially with the tailwind of the pandemic in place. In the digital banking world, the customer expects a ‘customer-centric’ experience across channels,” Caldeira told PYMNTS.

Digital Banking 294

Digital Banking Software System Meeting 294

PYMNTS

SEPTEMBER 6, 2016

In a world where payments become more invisible the more digital they become, there’s never been a better opportunity to consider new ways to enable the digital transformation of financial services in a secure and compliant way. Or watch its digital disruption. Payments Security As A Digital Business Enabler.

Security 100

Security CA Payments Big Data 100

PYMNTS

DECEMBER 21, 2020

“It is not yet clear whether he participated actively in the theft or if he simply decided not to increase security measures after discovering it,” Ivano Gabrielli, director of the national center for cyber crimes (CNAIPIC), told Reuters. cryptocurrency exchange Exmo reported a “major” security breach on Mon. Meanwhile, U.K.

blockchain 206

blockchain Bitcoin Fraud Report 206

CFPB Monitor

APRIL 25, 2022

The January 2021 Operating Agreement . In January 2021, the OCC granted Anchorage conditional approval for a national trust bank charter. The preliminary approval had requirements, including that Anchorage enter into an Operating Agreement with the OCC. The Consent Order.

Compliance 78

Compliance Digital Banking Training South Dakota 78

PYMNTS

JANUARY 15, 2021

In total, investors placed nearly $600 million for firms in the B2B payments, T&E, financial management and other B2B spaces. Despite a slowdown in corporate travel, expense management and travel booking technology provider SalesTrip still managed to impress investors, which pumped $1.4 Malaysia's microLEAP has secured $3.3

Capital 167

Capital Fintech Operations Technology 167

Bobsguide

JULY 12, 2022

Auriga’s “The Cash Management Crunch Resolved by Auriga” white paper was acknowledged for its insights into cash management optimisation. For banks and ATM deployers who are pivotal to how access to cash is preserved, solutions that ensure effective cash management and logistics, while reducing operational costs, need to be deployed.

ATM 88

ATM Management Customer Experience Operations 88

PYMNTS

JANUARY 17, 2021

Cloud-based accounting software solution provider AlignBooks will be working with ICICI Bank , a private-sector bank, to deliver a new, simple digital banking experience for small- to medium-sized businesses (SMBs), CRN India reported.

Software 153

Software Resources Digital Banking Report 153

Gonzobanker

JULY 8, 2022

The operational world of cash, checks, deposit slips, passbooks, and teller terminals used to dominate bank tech budgets. Those were the days of green screen cores and server-based ancillary applications, and digital banking was a Star Trek thing of the future. Challenges Facing Today’s CIO. 2: Talent Shortage.

Resources 139

Resources Leadership Technology Management 139

PYMNTS

DECEMBER 2, 2020

The release stated the pandemic, with its greater need for secure, rapid and quick ID verification services, has bolstered the need for companies like Trulioo. In order to do this, we need to build trust with our customers, ensuring that their security and identities are protected when they sign up for our services.

Compliance 140

Compliance Security Operations Digital Banking 140

CFPB Monitor

SEPTEMBER 6, 2022

Kristen’s practice involves consumer, small business, and treasury management products and services; digital banking; emerging payments; servicing; innovative technology; information security; operations; marketing; and complex service contracts. She is resident in the firm’s Minneapolis office.

Groups 78

Groups Minneapolis National Lending 78

Cisco

APRIL 12, 2022

Branches are a valuable component of your brand, a physical and visible symbol of safety and security of your money. According to PwC’s 2021 Digital Banking Consumer Survey, two in three customers find branches to be meaningful channel to interact with their bank and 35% say that they would not use a bank that doesn’t have a nearby location.

America 109

America Customer Experience Operations Survey 109

Gonzobanker

JULY 20, 2022

The bottom line is this: most banks lack the true management leadership and operating disciplines necessary to execute successfully on digital. One of the fatal mistakes many institutions make is viewing digital as falling entirely within the domain of I.T. What Does a Digital Product Manager Do?

Digital Strategies 173

Digital Strategies Strategy Leadership Customer Experience 173

PYMNTS

AUGUST 7, 2019

As Bloomberg noted, Germany’s financial services industry is in flux, with Deutsche Bank having launched its own digital bank for business customers dubbed Fyrst, similarly targeting small and micro-firms (the service is available for businesses with up to 10 employees, reports said). would remain a Penta shareholder.

Security 100

Security Report Industry Digital Banking 100

Celent Banking

NOVEMBER 11, 2015

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. Mandated training of security will be required. Information security. Access controls and identity management.

Cyber Security 100

Cyber Security Regulation Security New York 100

Bobsguide

MAY 8, 2022

This designation recognises GFT for the delivery of effective solutions to help its clients manage critical issues pertaining to the industry, such as risk management, core systems implementations, data management, navigating compliance requirements, and establishing governance models. “It – A leading European retail bank.

Compliance 166

Compliance Risk Management Digital Banking System 166

PYMNTS

APRIL 2, 2020

This often means providing digital solutions and convenient banking options despite smaller technology and innovation budgets, however. Security is an ongoing concern as well, with countless fraudsters set on hacking CUs to obtain customers’ data. I believe [that] things have kind of really evolved.

United States 174

United States Security Innovation Mobile 174

PYMNTS

JULY 27, 2020

Financial institutions (FIs) are still struggling to respond to the rise in digital banking adoption spurred by the pandemic. The increase in digital banking use has also breathed new life into the discussions surrounding the technology FIs are employing to make sure they can offer this level of support. banking industry.

Digital Banking 202

Digital Banking Technology Apple Examples 202

PYMNTS

NOVEMBER 30, 2020

The release stated the partnership will let companies pay costs via a credit card, while accessing on-demand liquidity alongside cost management tools. Nets will provide the full-scale solution with a corporate credit and debit solution using digital services, enterprise card management and security tools, the release stated.

Cards 160

Cards Payments Tools Regional 160

PYMNTS

JULY 7, 2020

The Peoples Community Bank is broadening its existing relationship with banking technology provider Finastra , the firms revealed this week in a press release , with the financial institution (FI) looking to accelerate its own innovation and product rollouts. payment schemes. Surecomp Debuts as-a-Service Offering.

Community Bank 242

Community Bank Community Fintech Regional 242

PYMNTS

NOVEMBER 20, 2019

Otherwise, you are introducing a technology to a process that is broken to begin with and just automating it, so you are not getting the operational efficiencies and the pickup that you could potentially get out of it.”. I would say talent management is definitely top of mind.”. Scotiabank’s Three-Pronged Innovation Strategy.

Fraud 117

Fraud Data Management Analytics 117

PYMNTS

APRIL 10, 2020

Intimidated by the scale and cost of a massive technological overhaul, large financial institutions (FIs) may approach their digital transformation (DX) journeys gradually, targeting various areas of operations to modernize one-by-one. “Banks are technology companies,” Rio Tinto recently told PYMNTS.

Technology 360

Technology Company Operations Payments 360

Bank Innovation

MAY 9, 2018

Not according to Raghu Rajah, vice president of digital banking, engineering and product management at […]. By reading the expression on a customer's face, the way another human would. Seems unbelievable, right?

Tools 223

Tools Digital Banking Management Metro 223

PYMNTS

JUNE 8, 2020

The Securities & Exchange Commission ( SEC ) has moved to freeze the assets of a $12 million cryptocurrency mining and multi-level marketing (MLM) scheme, Coindesk reports. The group managed to get $12 million from 2,000 investors, Coindesk reports. The defendant in the case is Utah resident Daniel F.

blockchain 131

blockchain Analytics Utah cryptocurrency 131