PYMNTS

FEBRUARY 27, 2019

A wide range of biometric solutions are being used to develop national identification systems around the world. Even though biometrics offer notable security advantages, they do come with risks. India began experimenting with the technology 10 years ago when it launched its national ID system, the Aadhaar program. A reported 3.6

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PYMNTS

JULY 22, 2019

Unfortunately, also adding heat this week was the world of fraudsters and hackers – with a few pretty sizable security blips and glitches. An analyst at Baird said the revelations were “unfortunate” but “manageable.”. personal identification numbers with income, as well as healthcare and social security information.

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PYMNTS

JANUARY 9, 2020

Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities. percent of card-present transactions within the nation were conducted via EMV card between July 2018 and June 2019.

Fraud 131

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PYMNTS

JUNE 1, 2020

million Direct-to-Phase II Small Business Innovation Research grant from the National Institute of Neurological Disorders and Stroke to advance the development of Tetranite, its bone adhesive biomaterial technology. Day Zero Diagnostics, founded in 2016 at Pagliuca Harvard Life Lab, was awarded $6.2

Boston 151

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PYMNTS

MAY 18, 2020

We now have one of the strongest capitalized tier-1 ratios in the country and intend on rapidly growing our national footprint, and expanding the products and services we offer to thousands of Australian [SMBs], whose needs have long been ignored by the major banks,” said David Hornery, co-CEO and co-founder, according to FinTech Magazine.

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PYMNTS

MAY 12, 2019

Securities and Exchange Commission ( SEC ) has approved the creation of the Long-Term Stock Exchange ( LTSE ). Created by Silicon Valley entrepreneur Eric Ries, LTSE will be a national securities exchange using a different approach to governance and voting rights, with the goal of taking away the short-term pressures on public companies.

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PYMNTS

FEBRUARY 20, 2020

Existing investors NEA, Highland Capital Partners, Redline Capital Management, Hercules Capital and Core Capital also participated in the funding round. In financial services , there is a high demand for ease of use and security, even for business customers. The company uses a rating system that aligns with the severity of risks. .

Baltimore 130

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PYMNTS

AUGUST 9, 2018

“Most brick-and-mortar businesses have security systems to protect their physical property and credit monitoring for financial security, but they don’t have a solution for online threat monitoring to manage their online presence and protect them from nefarious activity like phishing schemes.”

Tools 100

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PYMNTS

MARCH 12, 2019

The Australian Securities and Investments Commission (ASIC) is criticizing top Australian banks for what the regulator said is an inefficient process of reviewing internal systems that allowed the banks to charge excess fees to customers.

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PYMNTS

SEPTEMBER 17, 2018

The scams netted an alleged $25 million from 2014 to 2016. “In In terms of data illuminating larger trends, the National Cyber Security Alliance found that roughly 50 percent of smaller firms have been victim of a cyberattack. He and an accomplice operated from Nigeria, targeting the U.S., Noble personally gained $4.3

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Abrigo

JANUARY 3, 2024

As explained further below, financial institutions should comply with the 2016 regulatory definition of beneficial owners. The final access rule does not dictate how to receive consent and allows for flexibility based on differences in FIs across the nation. Be ready for AMLA-related changes. This checklist can help. Beginning Feb.

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PYMNTS

APRIL 6, 2017

The Germany-based company specializes in online receivables auctions, facilitating the selling of national and international trade receivables, reports said. According to reports, TrustBills is looking to expand internationally; in 2016, the firm saw a separate investment by DZ BANK. percent in FinTech company TrustBills.

National 100

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Independent Banker

JULY 31, 2022

In partnership with Nymbus, the bank’s custom digital platform is built on a secure cloud-native core banking system with an open API architecture. from 2016 until its sale in 2018. Costello has also held senior roles at Bank of Florida, City National Bank and Nations Bank during his 30-year banking career.

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PYMNTS

APRIL 3, 2019

Everex, which traces its genesis to 2016, has focused on distributed ledger technology for cross-border payments. Separately, in other company news, Canadian FinTech Buckzy Payments announced its launch earlier this week, eyeing international payments through what it has termed a “safe, secure and convenient ecosystem.”.

blockchain 231

blockchain Payments United States Innovation 231

PYMNTS

OCTOBER 25, 2017

But, a new report by cybersecurity company Thales e-Security suggests data breaches at financial institutions (FIs) are on the rise, and that information technology (IT) professionals who work for these firms are growing increasingly concerned about the issue.

Big Data 103

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PYMNTS

OCTOBER 18, 2016

Kaspersky Lab, the global security company, announced Monday (Oct. The No More Ransom initiative was launched on July 25, 2016, by Kaspersky Lab, the Dutch National Police, Europol and Intel Security, introducing a new level of cooperation between law enforcement and the private sector to fight ransomware together.

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Jeff For Banks

DECEMBER 12, 2016

Independent Bank Corporation (Nasdaq: IBCP) Independent Bank dates back to 1864 as the First National Bank of Iona. through its subsidiary BNC National Bank, offers community banking and wealth management services in Arizona, Minnesota, and North Dakota from 16 locations. It's size today, at $2.5 That's motivation! Well done! #5.

North Dakota 60

North Dakota Minnesota West Virginia Arizona 60

PYMNTS

AUGUST 31, 2017

The same month, Barclays fought off their own cyberattack, according to the National Crime Agency. HSBC also saw an attack against its personal banking website and mobile app in 2016, causing thousands of customers to be locked out of their accounts. Our cybercrime officers have analyzed reams of data on the way.

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PYMNTS

JUNE 11, 2018

The investment comes as Claroty, which came out of stealth mode in late 2016, had a strong year marked by 300 percent year-over-year growth in bookings and customers. But because they are considered critical infrastructure that is targeted by adverse nations, there is more of a need to safeguard the systems. “A

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PYMNTS

APRIL 21, 2017

Cybercriminals certainly had a habit of churning out headline-worthy attacks in 2016 — from the Mirai botnet’s infamous distributed-denial-of-service attacks on domain directory Dyn and the DNC hack to hackers targeting the SWIFT interbank system. ” (Not to be confused with zero-day exploits.)

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PYMNTS

APRIL 9, 2018

The incident, and similar breaches, reveal the limitations of cybersecurity, even as corporates worldwide continue to increase their investments in the latest-and-greatest security technologies. When it comes to data security, the potentially detrimental impact of an inadvertent insider on IT security cannot be overstated.”.

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Security Survey Data Trends 123

PYMNTS

APRIL 28, 2017

Analysts said the industry has seen its highest venture capital activity since Q1 of 2016, fueled by focus on late-stage investment rounds. With roots in India and California, iSos offers workplace solutions for the smart office, including cashless employee transactions and inventory management. Good news emerged from the U.S.

Fintech 192

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Abrigo

SEPTEMBER 22, 2021

PCD Disclosures Some disclosures are the same, but disclosures tied to PCD accounting and AFS debt securities are changing under CECL. I think it’d be wise for institutions to take that advice to heart,” said Graham Dyer, Partner in the National Professional Standards Group of Grant Thornton LLP. Learn more. Learn more. Learn more.

Security 195

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PYMNTS

FEBRUARY 4, 2019

Banks, credit unions and other financial institutions have a significant responsibility, one that goes far beyond managing customers’ financial assets: They’re tasked with safeguarding the financial services ecosystem against bad actors, money launderers and other criminals. Following a joint investigation with U.S.

How To 161

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PYMNTS

JANUARY 18, 2019

For citizens to engage with these services and trust them, seamless and secure digital identity tools will be essential. Though the technology may be a long way away, it will first require a secure and seamless digital identity solution before smart city citizens or officials are willing to trust it. Smarter Emergency Services.

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PYMNTS

JULY 22, 2016

It’s even more surprising given that 2016 could be the year that regulation begins to really kick in for these lenders — in the U.S., Investors seem confident in the industry’s startups and their ability to provide adequate risk management and underwriting for their loans; VCs provided more than $11.5 Alternative Lending.

Lending 100

Lending Regulation Big Data Risk Management 100

PYMNTS

APRIL 11, 2018

When Deloitte published its “ Blockchain: Opportunities for health care ” report in 2016, the consultancy identified three key pillars of potential blockchain disruption for the industry: smart contracts, value transfer and information authentication. Blockchain technology can facilitate these requirements.”. In the U.S., billion.

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blockchain Payments Data Management 100

PYMNTS

MAY 29, 2018

Investors were clearly optimistic about Ant’s future after watching it diversify into credit services, asset management and online banking since spinning off from Alibaba four years ago when the Chinese eCommerce giant went public (Ant also owns the Alipay payment platform). Reasons To Invest. It posted 9.18 billion yuan ($1.4

Capital 101

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PYMNTS

AUGUST 12, 2016

According to the company, the remaining 12 banks in the consortium will launch later in 2016. consortium was created to build a mobile payments initiative nationwide in an effort to move the nation toward one in which cash isn’t necessary. .” in a press release announcing the new customers.

Mobile 100

Mobile National Payments Technology 100

William Mills

SEPTEMBER 9, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. Demo: Customer Insight Dashboard for Regional Manager who can view their forward looking metrics such as customer attrition and look forward several quarters. Built the platform for networking, data management and analytics and reporting. William Mills and K.T.

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social media ATM Mobile Customer Experience 40

PYMNTS

JULY 8, 2016

The Asia-Pacific region undoubtedly led the way, with India securing the largest investment of the week (alternative SME lending) and other deals reaching Australia and China in the logistics, cross-border payments and SaaS segments. Check out our breakdown of all the deals below. ” Alternative Lending.

Capital 101

Capital Lending Industry Management 101

PYMNTS

APRIL 25, 2016

Plus, the latest analysis on alternative lending demand, expense management fraud and the gap between what CFOs have for their companies and what they need. billion worth of purchases went through Amex commercial cards in 2016’s Q1, American Express said in its latest quarterly earnings report. companies, reports said.

Fraud 100

Fraud Cards Lending Analysis 100

PYMNTS

AUGUST 15, 2019

A pair of late 2016 studies indicated that Japanese consumers, despite being digitally enthused, vastly preferred to make their payments in cash , with 70 percent of consumers across demographic groups reflecting that preference. percent) and paying for orders with cash in convenience stores (17.5 PayPay And Signs Of Mobile Acceleration.

Mobile 154

Mobile Payments National Marketing 154

BankBazaar

NOVEMBER 18, 2021

Here’s a piece on how it has managed to do so. The 25th of August in 2016 was a significant day. The government created the National Payments Corporation of India (NPCI) in April 2009 as a result of this background. The initiative was launched by the NPCI on April 11th, 2016, and UPI began in August. How it works?

Payments 78

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Independent Banker

DECEMBER 13, 2015

armed forces or servicemembers on active National Guard or Reserve duty, their spouses and their card-carrying dependents. 3, 2016, the rule will allow a creditor to rely on the servicemember’s statement or use its own method to assess the borrower’s eligibility. 3, 2016, compliance date. Beginning Oct.

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PYMNTS

MAY 22, 2017

“These are within expectations and entirely manageable.” Reuters, citing Symantec, reported more than 460,000 ransomware attempts in 2016, up 36 percent from 2015. The spokeswoman wouldn’t say if the insurers received any claims specifically from WannaCry.

Policies 100

Policies Company National Report 100

PYMNTS

NOVEMBER 11, 2016

The largest funding round was a blast from the past: a whopping $75 million landing at a company in India in an industry that saw most of its attention from venture capitalists last year — and which has been noticeably lacking in 2016. 7) that it secured $75 million from global private equity firm Warburg Pincus. Alternative Lending.

Capital 161

Capital Lending Trends Report 161