Sat.Jun 06, 2020 - Fri.Jun 12, 2020

Remove banking-2020-management
article thumbnail

Deep Dive: How FIs Can Upgrade Authentication Measures To Foil Fraudsters? Open Banking Attacks

PYMNTS

Open banking may soon become table stakes for financial institutions (FIs) — they need to act now and be able to offer it securely or risk getting left behind. Open banking connections enable third-party apps to provide more convenient, insightful and tailored services thanks to banking customer data. Tightening Authentication.

Security 151
article thumbnail

Bitcoin Daily: SEC Freezes Crypto Firm?s Assets, Alleging It Stole $12M From Investors; Hong Kong: 39 Pct Of New FinTechs There Are Blockchain Firms; Coinbase Eyes Selling Blockchain Analytics To IRS, DEA

PYMNTS

The group managed to get $12 million from 2,000 investors, Coindesk reports. But the defendants allegedly ceased paying out investors in November 2019 while still raising funds well into 2020. The purchase, according to the IRS document, would be useful to help keep ahead of crimes related to cryptocurrency and digital banking.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

B2B APIs Bring Connectivity, Security To The Cloud

PYMNTS

PYMNTS’ June 2020 B2B API Tracker® done in collaboration with Red Hat , observes that recent rapid adoption trends for APIs among banks and financial institutions (FIs) indicate a wolf at the door (Big Tech, challengers), but more so, the realization that customer experience (CX) is the new currency. MFA and APIs Make A Good Pair.

Security 130
article thumbnail

2020 | Challenging our Resilience

Tomorrow's Transactions

2020 has been dominated by the COVID-19 pandemic threatening our way of life, challenging our resourcefulness and resilience, on a global scale not experienced since the World War ended 75 years ago. Over the past years, cloud-based services have become popular as they provide and manage resilient resources on behalf of an organisation.

article thumbnail

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

million attacks, the threat marked a 148% increase compared to 2020 and was the most expensive year on record! As a result, data protection needs to be a concern for most banks, businesses, and information technology specialists. The days of a “once in a while” attack against businesses and organizations are over.

article thumbnail

Best Prepaid Debit Cards for Teenagers in 2020

MyBankTracker

A prepaid debit card is an excellent way to teach your children how to manage money. But, there’s no capacity to reload with cash even by depositing it into a TD Bank ATM. Funding can be provided only through a TD Bank debit or credit card. It’s a valuable tool to teach your children financial responsibility.

Cards 52
article thumbnail

The tech Sunrise Bank used to quickly dole out PPP loans

American Banker

After initially processing the loans manually, the Minnesota bank turned to "low code" software to build the electronic forms and workflows needed to approve loan applications. The result: a more than fivefold increase in the number of loans it could process in a day.