Jeff For Banks

DECEMBER 22, 2013

versus 68.5%, respectively) and its operating expenses as a percent of average assets compared to peer banks (1.66% versus 3.09%, respectively).So, So, as a branchless bank, BofI has leveraged its significantly lower operating expenses into profit. The branchless community bank operates in the Wilmington-Philadelphia market.

Community Bank 84

Community Bank Atlanta Community Strategy 84

PYMNTS

DECEMBER 9, 2020

Developing a quick, seamless and secure onboarding process for financial institutions (FIs), lending startups and other financial services providers has long posed its trials. V-CIP’s biggest advantage is the elimination of risks associated with secure transmission and storage of documents.

Video 175

Video Capital Lending Security 175

PYMNTS

DECEMBER 11, 2020

AML automation is a breakthrough technology for many businesses, enabling them to be compliant with federal regulations while avoiding the tedious and expensive manual effort of inspecting every transaction for potential violations,” the Tracker states.

cryptocurrency 219

cryptocurrency Fraud blockchain Security 219

PYMNTS

DECEMBER 26, 2019

Last week, Vietnamese group Vingroup announced a plan to shut down its eCommerce site Adayroi.com, which it formed in 2013, and merge its ePayment business side with its FinTech arm, VinID. The company is planning to completely exit retail to become a technology and industrial firm, focusing more on smart technology and new types of cars.

Retail 130

Retail Groups Maine Google 130

PYMNTS

SEPTEMBER 12, 2017

According to a Tech Crunch news report, the new numbers are an increase from 1 billion in 2013 and 2 billion that was reported in May 2016. ” Last fall, a report found that the Safe Browser Service made it easier for websites to fight security issues as soon as they appear.

Google 116

Google Security Operations Data 116

CB Insights

JUNE 17, 2020

From healthcare to education to entertainment to manufacturing, technology innovators are stepping forward to help answer that question. In some cases, the technological changes inspired by Covid-19 will come in the form of an acceleration of existing trends — for example, industrial automation and contactless payments. Teletherapy.

Industry 101

Industry Technology Online Video 101

PYMNTS

JANUARY 21, 2020

After a ruling by a location regulator that the firm wasn’t fairly engaged in competition, Uber Technologies Inc. Uber has come across strong resistance from taxi drivers after selecting Bogota as its inaugural South American operation in 2013. Colombia stayed behind.”.

Regulation 130

Regulation Taxes America Policies 130

PYMNTS

JUNE 26, 2019

The acquisition will boost growth, and improve the user experience in the Nordic region through the integration of Getaround’s connected car technology. The entire Nabobil team will join Getaround to continue operations and oversee expansion in the region. Founded in 2015, Nabobil has built a strong user base in Norway.

Regional 108

Regional User Experience US Operations 108

PYMNTS

JANUARY 29, 2019

prosecutors have filed criminal charges against China’s largest technology company, accusing it of stealing trade secrets and committing bank fraud. government charged Huawei Technologies , two affiliated companies and chief financial officer Meng Wanzhou with bank and wire fraud, as well as conspiracy in connection with business in Iran.

Fraud 130

Fraud Washington New York Conference 130

CB Insights

OCTOBER 2, 2018

Facebook, Amazon, Microsoft, Google, and Apple (FAMGA) are doubling down on data security. Effective data security features are critical to securing this information. However, Facebook and Amazon are not the only Big Tech companies with a need to innovate in data security. The Future of Data Security.

Security 58

Security Data US Google 58

PYMNTS

SEPTEMBER 18, 2018

The agency said that the person behind the operation, Katrina Moore, “promoted the sale of a variety of financial documents on the website she operated, FakePayStubOnline.com. Its operator, Steven Simmons, had a website called “NoveltyExcuses.com website from 2013 until October 2017, where for $19.95

Taxes 134

Taxes Fraud Operations Security 134

Abrigo

FEBRUARY 23, 2023

Takeaway 3 With effective technology, the bank can continue to grow its portfolio without necessarily adding staff. According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. I don’t want my veteran bankers writing a credit memo,” he said.

Community Bank 195

Community Bank Kansas City Community Lending 195

PYMNTS

OCTOBER 11, 2016

A letter sent to investors of Partner Fund Management said, “Through a series of lies, material misstatements, and omissions, the defendants engaged in securities fraud and other violations by fraudulently inducing PFM to invest and maintain its investment in the company.”. Theranos, a U.S. The firm faces civil and criminal investigations.

San Francisco 100

San Francisco Delaware Arizona California 100

PYMNTS

FEBRUARY 27, 2019

Even though biometrics offer notable security advantages, they do come with risks. The following Deep Dive examines the potential use cases for biometrics in national identification systems and the security pitfalls they could encounter. . A reported 3.6 billion people worldwide will carry digital IDs with embedded biometrics by 2021.

Security 159

Security National Wyoming Idaho 159

PYMNTS

JUNE 13, 2019

The new 5G mobile network technology is getting its first deployments, but that’s not the only communications game in town. A technology that tracks lost scooters people rent could play a role in the coming years in digital retail and payments, at least going by recent reports. Telco Alternative. Internet of Things.

Austin 164

Austin Maine Survey Mobile 164

PYMNTS

MAY 13, 2019

Cyber experts at Onapsis said last week that 1 million SAP systems were found to be vulnerable to hacking as a result of a security flaw. “Basically, a company can be brought to a halt in a matter of seconds,” said Onapsis CEO Mariano Nunez of the security flaw at the time.

Baltimore 128

Baltimore Wyoming Data Security 128

Tech and Finance

MARCH 15, 2016

A java security flaw that was supposedly fixed in 2013 is still vulnerable, according to a report by Security Explorations. Waratek, which provides a Runtime Application Security Protection (RASP) containers said it protects the full application stack using a pioneering virtual container technology that operates in the runtime.

Security 28

Security Policies Software System 28

PYMNTS

NOVEMBER 16, 2018

A press release issued this week said that BNB Bank, a community bank operating across the New York and Long Island metropolitan area, will integrate PayNet technology to enhance its underwriting process for small business loans. In another statement, BNB Bank EVP and Chief Lending Officer Kevin L.

Community Bank 134

Community Bank Community Lending Analysis 134

CB Insights

MAY 8, 2018

See how venture firms, corporates, regulators, and builders are shaping the future of blockchain technology. The rise of security tokens as a distinct asset class. The SEC (Securities and Exchange Commission) thinks that most tokens are securities. THE FUTURE OF BLOCKCHAIN TECH. Venture activity. Corporate activity.

blockchain 75

blockchain Trends Technology cryptocurrency 75

Insights on Business

APRIL 23, 2018

For over a generation, IBM and Citi have collaborated on a number of projects bridging the gap between technology and financial services among two long-established industry leaders. Technology moves fast. Right now, CIOs are struggling to keep up with developments in technology that impact and disrupt financial services.

Security 87

Security Data Analytics Industry 87

South State Correspondent

OCTOBER 25, 2023

After World War II, checks were the hot payment technology and helped fuel the boom that followed. The process was sped up by technology and legislation in the 70’s and 80’s so checks could be scanned and presented faster, but the process remained costly. Checking accounts in the U.S.

Fraud 195

Fraud ATM Payments Management 195

PYMNTS

APRIL 11, 2019

By some accounts, pornography played a central role in the rise of the internet (and provided significant funding for cable and telecom operators ). And when it comes to one of the emerging digital commerce technologies, virtual reality , pornography is serving as a trailblazer of sorts (to no one’s actual surprise, perhaps).

Online 129

Online Operations Fraud Analysis 129

PYMNTS

JANUARY 6, 2020

It may be immediate and far-reaching, disrupting lives and wreaking havoc across the basic technological and tangible infrastructure that underpins daily life. A posting tied to the image stated the page had been “hacked by Iran Cyber Security Group Hackers. The damage? The enemies? Unseen, behind screens. 3) by the U.S.

US 131

US Las Vegas Cyber Security Los Angeles 131

PYMNTS

JULY 9, 2019

“We looked to technology to assist us,” she said. Since each customer has their own unique card, the store can track shoppers with an assist from security cameras. And as with Farmhouse Market, these new offerings often operate at intersection of tech and health. The store, founded in 2015, works on a membership basis.

Retail 180

Retail Houston Minnesota Austin 180

CB Insights

OCTOBER 9, 2018

Despite the rise of e-commerce and mobile, the physical channel still plays an important role in consumer experience — and retailers are increasingly leveraging technologies to stay afloat. Cashier-less technology is one of the latest trends to dominate conversation. The technologies supporting a cashier-less environment.

Retail 71

Retail Technology San Francisco Mobile 71

PYMNTS

AUGUST 5, 2019

Expanding operations to reach customers like these requires that businesses not only offer appealing products and services, but also provide payment experiences that are both convenient for consumers and easy for the companies to manage. Other cases have seen banks explore distributed ledger technology to handle that messaging.

Payments 115

Payments Compliance Operations System 115

PYMNTS

SEPTEMBER 25, 2018

A report by the Bank for International Settlements (BIS) found that when it comes to credit done through nascent technological platforms, boons and risks are afoot. Beyond that, volume has exploded, with $284 billion extended in 2016 compared to $11 billion in 2013.

Fintech 172

Fintech Lending United States Regulation 172

PYMNTS

OCTOBER 25, 2019

Now, the fast-growing operation is tapping into one of the growing trends in payments and commerce by offering online financing for its many partners. To get a better handle on what’s going on — and why OYO is embracing hotel financing — PYMNTS recent talked with Abhinav Sinha, chief operating officer and operating partner at OYO USA.

Online 100

Online US Trends Operations 100

Abrigo

MAY 5, 2022

Banking Transformed Banking Transformed by the Financial Brand’s Jim Marous has new episodes several times a month and features executives from financial institutions, financial technology firms, authors, consultants, and other experts in the banking industry.

Community 195

Community Lending Maine Resources 195

PYMNTS

NOVEMBER 1, 2016

It has already secured $3 million in backing from a number of Silicon Valley venture capitalists who are involved in the virtual currency industry. Bitcoin, on the other hand, has been capturing an increasing amount of bank interest — particularly since the fall of Silk Road — especially the blockchain technology that lies at its center.

Bitcoin 100

Bitcoin blockchain Regulation US 100

PYMNTS

MARCH 1, 2018

By shifting some of its iCloud operations to the Chinese mainland, Apple ’s latest corporate actions have raised eyebrows and debate around data privacy. Thus far, according to data given over by the company, from mid-2013 through mid-2017, said Reuters, it gave no customer account content to authorities, spanning 176 requests.

Data 100

Data Apple User Experience Big Data 100

PYMNTS

DECEMBER 10, 2018

The REDCard has seen its growth slow appreciably since 2013, the year of the infamous Target breach. Between 2010 and 2013 , it’s been reported that the volume of sales on the REDCard grew from 6 percent to 19 percent – in other words, like gangbusters. But between 2013 and 2015, it’s been a different story.

Branding 184

Branding Cards Payments New Jersey 184

PYMNTS

MARCH 27, 2020

Vending machines have come a long way from their origins as coin-operated appliances that dispense sodas or candy. Fresh meal vending solutions provider Farmer’s Fridge launched in 2013 to meet that need, using vending machines to sell fresh and healthy food at scale. “I Focusing On Customer Service.

Milwaukee 130

Milwaukee Meeting New York City Data 130

PYMNTS

MARCH 16, 2018

Ever since 2013, when Amazon CEO Jeff Bezos said the eCommerce giant was working on a 30-minute drone delivery program called Prime Air, people have been saying that delivery is the big retail use case for drone technology. Amazon is reportedly pushing for safety approval on its drone designs in addition to precise operating rules.

Retail 151

Retail Technology Survey Course 151

PYMNTS

NOVEMBER 15, 2017

Every day the world hears about another blockchain project in the works or another distributed ledger technology consortium forming. According to reports in Cointelegraph this week, payments technology firm Mastercard filed a patent related to real-time payments using blockchain technology. Reports said the filing, dated Nov.

blockchain 130

blockchain Analysis Tools Technology 130

PYMNTS

AUGUST 1, 2018

Europol contended that the group has been operating since 2013 and has members in 40 countries around the globe. Cyber risk is an escalating management priority, as the use of technology in business increases and the threat environment gets more complex,” said John Drzik, president of Global Risk and Digital at Marsh.

Groups 101

Groups United States ATM Fraud 101

PYMNTS

JULY 25, 2019

N26 was founded in 2013, launched in 2015 and now serves 3.5 N26 is leveraging AI and customer data from 24 markets to better understand emerging fraud trends and learn how bad actors across different markets are using new technologies, however. “We operations. N26 officially entered the U.S. It is growing its U.S.

Fraud 164

Fraud Marketing US Resources 164