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).

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Fraud Technology social media Innovation 52

PYMNTS

DECEMBER 28, 2020

Consumers, businesses and financial institutions (FIs) cannot wait to bid adieu to 2020, which has been one of the most trying years in recent memory. Many CUs have since leaned into these efforts with digital innovations aimed at a range of issues, such as tackling fraud or enhancing members’ remote banking access.

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North Carolina Houston Fraud Innovation 197

PYMNTS

JANUARY 28, 2021

PYMNTS recently reported Federal Trade Commission (FTC) figures finding, “More than 200,000 Americans were scammed out of $145 million relating to the pandemic since the beginning of 2020.” This development comes as 68 percent of fraud experts report increases in cybercrime over the past year.”. More digital-first FIs are catching on.

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Fraud Survey Digital Banking Security 244

FICO

JANUARY 5, 2021

It’s no surprise that COVID-19 would be one of the subjects that drew readers to the FICO Blog last year, but for the Fraud Protection and Compliance category it wasn’t the only top draw. Two of our top five posts focused on digital transformation innovations in biometrics and customer identification.

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Fraud Compliance Survey Google 52

PYMNTS

OCTOBER 28, 2020

PSCU , the credit union service organization (CUSO), is teaming up with FICO Customer Communications Services (CCS) to develop a fraud alert tool for credit unions (CUs), PSCU said in a statement on Wednesday (Oct. In the event of possible fraud, members are alerted quickly and securely using their preferred method of communication.

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Fraud Tools Security Analytics 109

PYMNTS

AUGUST 9, 2019

million for the quarter, but Bottomline remained confident in growing revenues for FY 2020 thanks to new customer sign-ons that have yet to go live. We had notable customer wins across our banking and business payments platforms as customers continued to choose Bottomline for innovative and highly secure business payments solutions.

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Data Analytics Digital Banking Cards 134

PYMNTS

DECEMBER 31, 2020

Like their cousins in banking, credit unions (CUs) long enjoyed a relaxed pace of technological change. Consumers waited on financial institutions (FIs) to innovate in an odd relationship that put business needs before customers’ needs. It was all on their timetable. Not anymore. CUs Are Going Next-Gen.

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Survey Arizona Innovation Innovation Strategies 235

PYMNTS

JULY 14, 2020

“Organizations may have had to engage in relaxation strategies, which could inversely impact their fraud appetite, as they had to let more transactions through without reviewing them. Alert rates have stayed flat and fraud detection has gone unchanged. Complete fraud and customer service teams are working from home.

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Fraud Meeting Strategy Operations 311

FICO

MARCH 30, 2023

This got me thinking about how the seemingly innocuous shift to digital is impacting things on a macro level. Both from a cash and a fraud perspective, my curiosity was piqued, and I fell down the rabbit hole to learn more. Fraudsters Love Digital Real-Time Payments All this rapid change is great for one thing — fraud.

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Fraud ATM South Carolina Management 52

FICO

MARCH 9, 2022

The last few years have thrown up many challenges for banks and card providers as everything has shifted online, one of the primary challenges being fraud scams. But the online shift has also created opportunities for financial institutions to demonstrate their strong fraud controls in the digital space.

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Customer Experience Survey Fraud Cards 59

FICO

JANUARY 10, 2023

Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules. In a year that saw the word "scamdemic" coined, scams such as authorised push payment fraud were top of mind, along with various other fraud schemes. Few things change faster in the financial services space than fraud trends. FICO Admin.

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Fraud Cards Analytics Oakland 52

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. The discussions were healthier, more compliance-focused, and with little expectations that banks were going to offer crypto to their customers any time soon.

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Conference Las Vegas Fraud Case Study 221

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. FIs Or FinTechs: Who Will Power Banking’s Big Digital Shift? The pandemic has sped up the digital roadmap for everyone in financial services, providing for more innovation in the last few months than had been seen during several years.

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Maine ATM Innovation Millennials 130

PYMNTS

JANUARY 30, 2020

Digital banking efforts took center stage at Goldman’s Investor Day on Wednesday (Jan. Eric Lane, global co-head of the Consumer and Investment Management Division, said the company will debut a digital wealth management offering in 2020 and digital checking accounts in 2021. FICO’s Take on Debit Security.

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PYMNTS

FEBRUARY 26, 2020

The party always ends, however, and governments have caught up to all that wild innovation. For instance, in the February 2020 Merchants’ Guide to Navigating Global Payments Regulations , powered by identity firm Ekata , we discover that nearly 90 percent of Americans feel the Feds should be protecting consumer data.

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Regulation Case Study Fraud Study 130

PYMNTS

JANUARY 21, 2021

For credit unions (CUs), the digital trends that accelerated in 2020 amid the pandemic will gain even further traction this year. Platforms such as PSCU’s cloud-native Lumin Digital help CUs plug into new initiatives that improve members’ experiences.

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Analytics Fraud Trends Mobile 240

PYMNTS

NOVEMBER 23, 2020

Most of those solutions still rely heavily on checks and business credit cards — which are resource-consuming processes with higher risk[s] of misuse, fraud and theft,” Gitesh Athavale , head of product (cards) at Nium, told PYMNTS. That things came to a boil in 2020 is a matter for the financial history books at this point.

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System Management Tools Cards 165

PYMNTS

MARCH 2, 2020

After rumors of decline, CUs kicked off the roaring 2020s with higher metrics across the board – mortgage loans up by a staggering 81 percent, loan originations up almost 30 percent year over year, and non-real estate loans up by double digits. Seems that everybody likes credit unions—including cybercrooks. The Trust Factor.

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California Fraud Pennsylvania Community 130

PYMNTS

APRIL 30, 2019

Fidelity National bested first quarter estimates on the heels of transaction growth and increased spending by banks as they embraced upgrades to infrastructure amid transitions to digital banking and payments. These sales results will translate to accelerated recurring revenue growth for the remainder of the year and into 2020.

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Conference Innovation Digital Banking Payments 134

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. Well, it happened. It’s called Charlie , and its appeal is emotional.

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Los Angeles Fintech Digital Banking Tools 133

PYMNTS

OCTOBER 6, 2020

FinTech across the Middle East is also set to grow at a compounded annual growth rate of 30 percent, and expected to raise over $2 billion in venture capital funding by 2020.". The company stated that it is expanding in the region, seeking new business and also looking to provide more support for existing customers, such as Mashreq Bank.

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Fintech Regional Fraud Meeting 174

PYMNTS

JANUARY 28, 2020

It’s not that banks don’t want to go more digital and mobile, he said. The problem often stems from the environment in which they are operating — one that can put the brakes on innovation, even when innovation is key to thriving. Expectations for digital services aren’t being shaped by our industry,” Owens told PYMNTS.

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Fintech Digital Strategies Mobile Resources 169

Accenture

SEPTEMBER 22, 2019

By way of example, Monzo passed 2 million users in May 2019 and anticipates 3 million this year, while Revolut is targeting 10 million by 2020. But there’s another reason why the neo-challengers are so front-of-mind: They’re industry leaders in cultivating technology innovation and optimising customer service and experience.

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Innovation Metro Apple Marketing 150

PYMNTS

SEPTEMBER 28, 2020

The aim of doing so is to create a more robust framework for digital banking. The country’s Data Protection Law was announced in 2019 and officially came into effect in July 2020. This is also the aim behind several regulatory changes taking place in other MENA markets, notably Egypt.

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Online Report Payments Regulation 151

PYMNTS

NOVEMBER 23, 2020

We no longer go to the bank,” Potter told PYMNTS. When small businesses are looking for innovation … FinTechs have the ability to be [nimbler] and deliver the solutions that small businesses need. Very rarely … do you hear people talking about check fraud” anymore, she noted. We're not connected. They're more responsive.”.

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Data User Experience Fintech Lending 143

PYMNTS

OCTOBER 22, 2020

In addition, we developed an array of new DIY servicing capabilities, including enhanced functionality to facilitate payments, report fraud and send past-due notifications. In addition, we implemented several fraud detection enhancements that we deemed critical amid customers’ increased eCommerce spending.

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How To Fraud User Experience Cards 130

Fintech Labs Insights

DECEMBER 10, 2020

Here are the 36 demos (from 30 fintech startups**) that won the audience vote for Best of Show at the end of each event: Nov 2020: West Digital – 5 winning demos plus Q&A (50 minutes). Sep 2020: Fall Digital – 5 winning demos plus Q&A (50 minutes). Feb 2020: London – 6 winning demos (42 minutes).

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Fintech Labs Insights

DECEMBER 10, 2020

Here are the 36 demos (from 30 fintech startups**) that won the audience vote for Best of Show at the end of each event: Nov 2020: West Digital – 5 winning demos plus Q&A (50 minutes). Sep 2020: Fall Digital – 5 winning demos plus Q&A (50 minutes). Feb 2020: London – 6 winning demos (42 minutes).

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Fintech Video San Francisco social media 15

PYMNTS

JANUARY 17, 2020

Regulators have been watching the bank closely after the 2016 incident of bogus accounts and have reportedly handed down edicts that Wells Fargo has had trouble meeting because of obsolete resources and methods. How AI Helps Marketplaces Fight Off-Platform Fraud . New Tech Combines To Make Grocery Shopping More Innovative.

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Fintech Labs Insights

JUNE 30, 2020

Specifically: Feb 2020: London – 6 winning demos (42 minutes) Nov 2019: Dubai – 2 winning demos (14 minutes) Oct 2019: Singapore – 2 winning demos (14 minutes) Sep 2019: NYC – 9 winning demos (63 minutes) May 2019: San Francisco – 7 winning demos (56 minutes). FinovateEurope (Feb 2020). Amber Labs Product : Global Bitcoin Bank.

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Fintech Video San Francisco social media 15

Fintech Labs Insights

SEPTEMBER 25, 2020

So we’ve cobbled together the best of the last 16 months and created a 4-hour playlist for your enjoyment; consider it the best digital education you can get in a half-day. FinovateFall Digital (Sep 2020). Product : BankOS open banking platform. Product : Tools to improve digital adoption by both customers and employees.

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Fintech Video San Francisco social media 12

FICO

DECEMBER 2, 2021

Both the onboarding of returning customers and signing in of new visitors requires some form of verification to safeguard them from ID theft, prevent fraud and uphold regulatory requirements. The research shows biometrics are here to stay, thanks to regional innovation leaps and the global prevalence of the technology.

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Survey Regional Fraud Meeting 52

CB Insights

FEBRUARY 13, 2020

As a result of its product innovation efforts, Stripe has seen explosive growth in product adoption and valuation. A decade of online payments innovation. Fraud prevention tools. A decade of online payments innovation. TABLE OF CONTENTS. PayPal and Square emerge as leaders in the payments space. Virtual card issuance.

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Online Company Retail Payments 98

Gonzobanker

DECEMBER 17, 2021

Bank Deal of the Year. It was a cray cray year for mergers and acquisitions (M&As) in 2021 coming out of COVID slowdown in 2020. With prices rational and revenue pinched, there were some nice acquisitions by many banks. Bancorp for grabbing MUFG Union Bank. GonzoBanker of the Year – Bank. THE BANKER AWARDS.

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Fintech Strategy Leadership Lending 147

Banking 2020

NOVEMBER 12, 2014

The business case for banks is straightforward. They also know the fraud cost of password hacks and the opportunity cost of low adoption of mobile services. Eyeprint ID is already in market for consumers among 20 banks in Australia that are leveraging the digital banking platform provided by The System Works Group.

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System Security Groups Mobile 101

FICO

APRIL 21, 2020

Most financial activities – and entire loan application processes – can be handled electronically (including proof of identity, document verification, fraud identification, e-signatures, and more). Digital banking technologies are becoming more automated and less visible. We have the innovation and technology.

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Community Bank Community Lending Fraud 75

Javelin Strategy & Research

FEBRUARY 1, 2022

2022 Cyber-Trust in Banking Scorecard Javelin Report Date: September 27, 2022 Authors: Suzanne Sando , Alexander Franks Research Topic(s): Cybersecurity , Fraud & Security For consumers to trust their financial institutions, their expectations need to be met and exceeded. Bank of America ranked as “Best in Class” over 20 top U.S.

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Report Digital Banking Fraud Mobile 40