article thumbnail

The Rise And Fall Of Faster Payments Fraud

PYMNTS

Back in 2004, fraud was on the rise globally. In 2007, fraud losses decreased. As fraud losses tripled over the next three years, it became very clear that Stronger Authentication wasn’t strong enough. Fraud losses skyrocketed. Once again, banks needed a new type of solution. s mistakes. Setting the Scene.

Fraud 123
article thumbnail

Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The 187 Fintech Unicorns of the 21st Century (May 2021 update)

Fintech Labs Insights

72 (t) Forter: $3B US ecommerce fraud specialist. #97 India-based banking technology startup. To qualify, a company must have been founded in 2000 or later and have its primary business related to financial services including banking, savings, lending, investing, insurance, wealth management, SMB accounting and payroll.

article thumbnail

The 171 Fintech Unicorns of the 21st Century (April 2021 update)

Fintech Labs Insights

US-based fraud specialist. Top 26 Digital Lenders to U.S. Online Digital Banks for Small Businesses (SMB) May 2021. . #142 (tie) Clearcover : $1.0B US-based auto insurance provider. 142 (tie) Sift : $1.0B Full Fintech Unicorn List. values as of 1 May 2021). Value Date. 1 May 2021. United States. Ant Technology.