Sat.Dec 14, 2019 - Fri.Dec 20, 2019

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How Open Banking, Faster Payments Change Banks’ Fraud Threat

PYMNTS

An explosion of FinTech innovation has jump-started traditional financial institutions’ (FIs) digitization efforts. Yet, each of these strategies to modernization is a double-edged sword, exposing a bank — and, thus, its partners and customers — to a new breed of fraud risks. In the U.K.,

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Western Union Taps Shelly Swanback To Lead Cross-Border Growth

PYMNTS

Swanback joins Western Union after a six-year career at Accenture where she helped establish the company as a market leader in digital services. . “I I am delighted to join Western Union, an iconic global brand, and work with its deeply experienced leadership to grow the business and propel its new platform strategy,” said Swanback. .

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Why FIs’ Future Means Smarter, Not Only Faster, Payments

PYMNTS

Here at PYMNTS, we are nothing if not keen chroniclers of change (and what it means for readers), and that’s why we recently took time to have a discussion with Deva Annamalai, director of innovation and payments strategy at Fiserv. Such apps promise to be a source of innovation in the new decade. Mobile Choices.

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2020s Payment Trends, Fighting Fraud With AI, Gas Station Cyberattacks Top This Week’s News

PYMNTS

FinTech firms have reportedly been accusing banks of preventing access to the financial data of end-users. With PNC Bank , in one case, clients noted they were unable to link accounts to Venmo. The bank has suggested that those Venmo users switch to Zelle per tweets from PNC. Visa Warns Of Rise In Gas Station POS Cyberattacks.

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The 2019 GonzoBanker Awards

Gonzobanker

THE BANKING AWARDS. Charles Scharf, CEO, Wells Fargo – We have to give a nod to the individual tapped to restore the reputation and culture of such a legendary bank. Bank Lifetime Achievement Awards. Naude is a coder by background with an infectious passion for what technology can do for the banking industry. annual list.

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Analyst: ‘Innovation’s Great, But We Haven’t Seen Fintech Act 2 Yet’

The Financial Brand

The impact of fintechs on retail banking is real but overplayed, says KBW's Fred Cannon. The post Analyst: ‘Innovation’s Great, But We Haven’t Seen Fintech Act 2 Yet’ appeared first on The Financial Brand. And startups are untested by a major slump.

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Why Unicorn valuations are bad for your company

Lex Sokolin

The SEC is frustrating this attempt for the NYSE , helping defend investment banking business as a result, but the direction of gravity is inevitable. Does $3 billion in venture funding really compare with a set of companies that print hundreds of billion in revenue by releasing the most innovative technology out there?

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