PYMNTS

JANUARY 27, 2021

Financial institutions (FIs) around the world are confronting these issues with numerous digital implementations , as 85 percent of banks are offering some form of digital account opening, for example. This increased digital presence also brings a greater risk of digital fraud, however.

Security 213

Security Innovation Fraud Study 213

PYMNTS

JULY 31, 2019

Even in 2019, there persists this idea in the mainstream that invention stems from the epiphany and late-night toil of the solitary scientist. Visa, of course, provides entry into that program, and acts as mentor, helping FinTechs navigate the multiple moving parts that is the dynamic landscape of digital payments and new tech.

Fintech 192

Fintech Innovation US Payments 192

Bank Innovation

APRIL 27, 2020

Rising Bank, the digital offshoot of St. Louis-based Midwest BankCentre, gained $130 million in deposits in 2019. With the success of the stand-alone digital bank, which launched in January 2019, Midwest BankCentre is now incorporating new technologies into its traditional online banking.

St. Louis 259

St. Louis Digital Banking US Online 259

PYMNTS

FEBRUARY 11, 2019

Monzo, a digital bank out of London, wants to expand past just mobile-based personal banking customers to small and medium-sized businesses (SMBs). . Tom Blomfield, the CEO of Monzo, asked customers in a tweet : “What one thing would you add to @monzo in 2019 to make it (more) awesome?”.

Digital Banking 115

Digital Banking Software Tools Innovation 115

Insights on Business

FEBRUARY 10, 2019

Welcome to Think 2019 in San Francisco, CA! Download the NEW IBM Events app for Think 2019. See the full Think 2019 conference guide. –> Explore IBM Banking and Financial Markets Solutions. 9:30 AM – 10:10 AM | Session ID: 6925A and 7504B Digitizing the Flow of Goods, Information and Money with Blockchain.

San Francisco 79

San Francisco blockchain Conference Video 79

PYMNTS

FEBRUARY 7, 2020

Bank of America can now integrate data from key third-party business applications on its Business Advantage 360 platform to offer a more complete financial picture for small businesses, according to an announcement. Since the February 2019 launch, over 1 million Bank of America business owner clients have engaged with the platform.

America 160

America Google Analytics California 160

Insights on Business

JANUARY 28, 2019

transform to become more agile, more digital and more customer-centric. Backbase is the leading solution provider in digital banking and a strategic alliance partner of IBM. Together, IBM and Backbase have helped many banks around the world transform to become more agile, more digital and more customer-centric.

San Francisco 87

San Francisco Analytics Albuquerque Security 87

PYMNTS

JANUARY 30, 2020

In today’s top news, Facebook reports a 51 percent increase in expenses for 2019 in its Q4 earnings release, Goldman focuses on expanding its digital consumer bank and Airbnb hires former Disney President Catherine Powell to head its Experiences division. Facebook Expenses Rise 51 Pct as Regulatory Pressure Increases.

social media 141

social media Payments ATM Fraud 141

PYMNTS

DECEMBER 11, 2020

Some pundits have expressed concern that holding up mergers and acquisitions could stifle innovation. The M&A landscape has been quiet due to the pandemic, with deal making down 70 percent from 2019, with just 40 transactions. percent of proposed mergers from 2008 to 2016.

social media 205

social media Digital Banking Groups Innovation 205

PYMNTS

SEPTEMBER 22, 2020

Consumers moved to digital banking in droves during the early months of the COVID-19 pandemic — it appears they are not moving back. Consumers pivoting to online banking are also more concerned over the privacy and security of their data, especially as fraud volumes creep up —and financial regulators are taking notice.

Compliance 191

Compliance Digital Banking Security Online 191

PYMNTS

NOVEMBER 20, 2019

billion user records have been exposed in the first half of 2019, and more than 20 breaches are reported every day. Scotiabank’s Three-Pronged Innovation Strategy. It is really for any new innovations and trends out there, which would include fraud and cyber.”. I would say talent management is definitely top of mind.”.

Fraud 117

Fraud Data Management Analytics 117

FICO

APRIL 2, 2019

This April, the world’s leading event in financial services innovation kicks off – LendIt Fintech USA 2019 in San Francisco on April 8 and 9th. Thousands of thought leaders across industries like financial inclusion, digital banking, and lending will share insights on the latest fintech industry market trends and future challenges.

Innovation 40

Innovation San Francisco Analytics Lending 40

PYMNTS

SEPTEMBER 17, 2019

About 40 percent of all ATO attacks now count as high-risk, meaning banks of all shapes and sizes must reexamine how they think about data protection, security and the tools they use to guard against emerging threats. Arou nd the Digital Banking World. digital bank Monzo. market debut. There were 4.1

Fraud 196

Fraud Digital Banking Delaware Tools 196

PYMNTS

DECEMBER 31, 2019

The PYMNTS December 2019 Next-Gen AP Automation Tracker details explosive innovation in real-time payments for business, driven in no small part by accounts payable (AP) professionals. Many thousands of SMBs continue to struggle with managing the paper check and postal mail cycle, and it’s not limited to smaller businesses.

Survey 135

Survey United States Technology Payments 135

PYMNTS

SEPTEMBER 24, 2020

The ongoing COVID-19 pandemic and its associated social distancing and stay-at-home orders have pushed untold services online for easier consumer access, with banking serving as a prime example. We’ll see more and more [of this] action as digital [banking] progresses.”. Fraud Threats To Digital Banking.

Video 205

Video Fraud Digital Banking System 205

PYMNTS

OCTOBER 1, 2020

More than 40 percent of United States businesses received at least some of their invoices in 2019 via a form of communication that many younger generations may have trouble identifying, let alone using: fax. One Nordic financial startup has reversed this trajectory and decided to get its own banking license. Around The BaaS World.

Payments 169

Payments Fintech Trends United States 169

PYMNTS

OCTOBER 8, 2020

Risk management platform Feedzai announced a 44 percent increase in growth for the first half of the fiscal year for 2020, which a press release says was one of the company’s most successful so far. Comparing it favorably to the first half of 2019, Feedzai says it closed deals in the U.S., EMEA, Asia and the Pacific and Latin America.

Report 247

Report Fraud Risk Management America 247

Cisco

APRIL 7, 2019

What isn’t always so clear, however, is what trends matter most and where banks should focus their attention to stay head of the curve. We’ve identified the top 4 trends that banks can’t ignore in 2019. #1. Mobile-first banking is an immediate driver of digital strategy. Consumers crave a customized experience.

Trends 64

Trends Cyber Security Big Data Analytics 64

PYMNTS

OCTOBER 24, 2018

In the first half of 2019, HSBC’s U.S. Every year millions of consumers take out a loan to pay for unexpected expenses, consolidate debt or for needed home improvements, among other things,” Pablo Sanchez, HSBC’s head of retail banking and wealth management in the U.S. Raman Bhatia, head of Digital, U.K.

Retail 115

Retail Online Digital Banking Management 115

Accenture

SEPTEMBER 22, 2019

An obvious reason is the inroads they’re making into the market, both domestically and globally: recent Accenture research finds that digital-only banks operating in the UK could amass a total of 35 million customers globally within the next 12 months, up from 13 million today. in the year to February 2019. Profitability.

Innovation 150

Innovation Metro Apple Marketing 150

PYMNTS

NOVEMBER 20, 2019

PSCU aims to stay ahead of payment innovations to help ensure that its owner credit unions members’ accounts are used most frequently. According to Visa , 95 percent of terminals have contactless-enabled capabilities and 80 percent of the top 10 merchants are accepting NFC payments as of October 2019.

Cards 117

Cards Risk Management Study Payments 117

Chris Skinner

JULY 23, 2017

The pedestrian replies: “oh, if you want to get there, I wouldn’t start from here”, and this is exactly how … DenizBank, Turkey … the visible bank One of the presentations I particularly enjoyed at the EFMA meeting was from Gürhan Çam, Senior Vice President- Digital Banking at DenizBank, Turkey.

Boston 171

Boston Bitcoin Innovation Conference 171

Alex Jimenez

FEBRUARY 27, 2019

IBM Think 2019 Campus. As noted in a previous post, I attended IBM’s Think 2019 conference in San Francisco earlier this month. The topics discussed varied from arcane technology topics to discussions about general innovation. The hot topics that I heard during these four days were: AI, Cloud, Diversity, and Innovation.

blockchain 40

blockchain Conference Security Innovation 40

PYMNTS

SEPTEMBER 28, 2020

The FinTech ecosystem within Saudi Arabia has been expanding steadily over the past decade, for example, with more than 60 FinTechs now operating, compared to the 20 companies operating within the country in 2019. The aim of doing so is to create a more robust framework for digital banking.

Online 151

Online Report Payments Regulation 151

PYMNTS

OCTOBER 16, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies. banks have to analyze AML regulations before even beginning to innovate, and the rules in question change often.

Compliance 123

Compliance Fraud Study Digital Banking 123

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. Importantly, Huntington has continued to focus on digital investments and its strong legacy of product management to remain a progressive regional bank. Paul Murphy, founder of Murphy & Co.

Fintech 194

Fintech Community Regional Technology 194

Javelin Strategy & Research

FEBRUARY 1, 2022

Bank of America ranked as “Best in Class” over 20 top U.S. Bank of America ranked as “Best in Class” over 20 top U.S. Bank of America ranked as “Best in Class” over 20 top U.S. FIs must find the sweet spot at the junction of consumer privacy, cybersecurity empowerment, and cybersecurity education to maintain long-lastin.

Report 40

Report Digital Banking Fraud Mobile 40

FICO

MAY 18, 2023

The innovative pay-as-you-go solution allows Dock’s clients, including banks, fintechs, and retailers, to intercept fraudulent transactions and protect their operations, while also improving the user experience. The fraud prevention solution is based on FICO® Falcon® Fraud Manager and FICO® Customer Communication Services (CCS).

Fraud 52

Fraud Technology social media Innovation 52

Gonzobanker

JUNE 7, 2023

The launch of Charlie points to an underserved niche in banking: older adults. In mid-May, a digital bank account for the 62+ crowd debuted in the United States. It’s only a matter of time for retirees to get a rewrite of digital banking. Already, older generations are using mobile banking and it’s on the rise.

Los Angeles 117

Los Angeles Fintech Digital Banking Tools 117

PYMNTS

JULY 15, 2020

“Existing Greenhouse by Wells Fargo customers can continue to manage their finances through the Greenhouse app.”. Wells Fargo appeared to aim Greenhouse at younger consumers or others with little traditional banking involvement when the bank unveiled the app in 2017. Millennial-Banking Apps Are Struggling.

Millennials 166

Millennials ATM Mobile Maine 166

PYMNTS

NOVEMBER 16, 2020

Indeed, delving into BBVA’s latest financial filings shows that provisions for credit losses through the first nine months of the year totaled a bit more than $1 billion, compared with $477 billion through the same period in 2019. with our digital offerings and use our expertise in finance, digital and innovation to help them improve their ?

Google 189

Google Course Strategy Innovation 189

PYMNTS

NOVEMBER 19, 2020

The space has added 107 million members over the past decade, with 17 million joining just in 2019. Many are still taking innovative approaches to rolling out new high-tech solutions by turning to third-party providers, however. For more on these stories and other CU headlines, read the Tracker’s News and Trends.

Alabama 228

Alabama Meeting Fraud Trends 228

Cisco

APRIL 7, 2019

What isn’t always so clear, however, is what trends matter most and where banks should focus their attention to stay head of the curve. We’ve identified the top 4 trends that banks can’t ignore in 2019. #1. Mobile-first banking is an immediate driver of digital strategy. Consumers crave a customized experience.

Trends 48

Trends Cyber Security Big Data Analytics 48

PYMNTS

OCTOBER 22, 2020

The panel included: Doug Bergeron , managing partner at Hudson Executive Capital ; Ian Drysdale , executive in residence at Great Hill Partners ; Amit Jhawar , venture partner at Accel and Rick Roberts , analyst and portfolio manager at Vulcan Capital. That dwarves the 2019 tally of 59 deals for gross proceeds of $13.6

Fintech 169

Fintech Capital Innovation Data 169

PYMNTS

MARCH 2, 2020

million individual and business members in 2019. They were not alone in 2019, a year when cybertheft records were set. Trust established via shared connections (typically an employer) is the reason that some people choose credit unions over banks. The Trust Factor.

California 130

California Fraud Pennsylvania Community 130

Gonzobanker

FEBRUARY 26, 2019

Luckily for the banks, there are many more of the latter than the former.” – Bank Innovation. Recent fintech deals across digital, lending, payments and infrastructure are telling a big story. That’s three times the change rate of core systems and twice the change rate of transactional digital banking systems.

Fintech 100

Fintech Analytics Lending Case Study 100

Chris Skinner

JUNE 8, 2017

I recently hosted Nick Ogden, the founder of WorldPay and serial entrepreneur, at our Nordic Finance Innovation meetings in Stockholm and Oslo. Nick is now launching the first new UK clearing bank for over 250 years called ClearBank.

Branding 206

Branding Meeting System Regulation 206