FICO

JANUARY 10, 2023

Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules. Here are the five most-viewed posts from 2022 on the FICO Blog related to fraud. Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots. Card Skimming Fraud Grows 700+% in First Half of 2022. 5 Ways Digital Payments Will Change FIs and Fraud in 2023.

Fraud 52

Fraud Cards Analytics Oakland 52

BankInovation

DECEMBER 8, 2021

KeyBank’s Laurel Road for Doctors, a digital banking platform tailored to physicians and dentists, has signed up 5,000 users since its March launch. Now, the $187 billion bank plans to apply its targeted-demographic strategy with a similar offering for nurses to launch in early 2022.

Strategy 98

Strategy Digital Banking Marketing Digital Strategies 98

PYMNTS

SEPTEMBER 22, 2020

Banks from the United States to Europe are closing bank branches as consumers embrace digital banking amid the pandemic. As of last year, Deutsche has been undergoing a restructuring effort that encompasses a decrease of its balance sheet, 18,000 employment reductions by 2022 and less investment banking activity.

Pennsylvania 210

Pennsylvania Nashville Indiana Tennessee 210

BankInovation

JANUARY 21, 2022

In this Weekly Wrap episode of "The Buzz" podcast, the Bank Automation News editors discuss insights from the latest big bank earnings reports, including how JP Morgan, Bank of America and Wells Fargo are leveraging digital banking and automation. trillion bank is increasing its 2022 technology […].

America 98

America Digital Banking Report Technology 98

PYMNTS

JANUARY 18, 2021

Grab Financial Group offers payments and financial services including lending, insurance and retail wealth management throughout Southeast Asia. Last month, Grab and Singtel announced they had received a license to set up a digital bank in Singapore. The bank is expected to launch in early 2022.

Fintech 198

Fintech US Groups Management 198

FICO

DECEMBER 5, 2022

Top 5 Surprises from FICO’s Fraud and Digital Banking Survey. Mon, 12/05/2022 - 15:10. Financial Institutions, such as banks, have expended great effort to improve digital security, yet bad actors are multiplying and attacks have increased in scope and frequency. FICO Admin. Tue, 07/02/2019 - 02:45.

Survey 52

Survey Fraud Digital Banking social media 52

Bobsguide

SEPTEMBER 22, 2022

London, UK – September 21, 2022 – Finastra is proud to be ranked one of the top providers in the 2022 IDC FinTech Rankings. The IDC FinTech Rankings, now in its 19th year, is the global standard list of fintech providers to the industry, and we congratulate the 2022 winners.”.

Fintech 74

Fintech Financial Technology Software Capital 74

American Banker

DECEMBER 14, 2023

Retail customers at large banks were a bit more satisfied this year than in 2022, a new J.D. However, more of those same customers are moving cash to — and seeking advice from — wealth management firms and online banks. Power study finds.

Study 36

Study Retail Online Management 36

PYMNTS

SEPTEMBER 21, 2020

As China prepares to debut digital currency, JD.com Inc., one of the biggest eCommerce businesses in China, has partnered with the central bank to advance the technology. CoinTelegraph.com reported the retailer has entered into a partnership with the Digital Currency Research Institute of the People’s Bank of China (PBoC).

DC 142

DC Video blockchain Technology 142

Gonzobanker

NOVEMBER 30, 2023

Finding growth has been a rough slog for banks and credit unions throughout 2023. Since the peak in the second quarter of 2022, deposits in the banking industry decreased $774 billion as of Q3. Since Q2 2022, the mix of CDs to deposits doubled from 8% to 16%.

Strategy 156

Strategy Industry Lending Marketing 156

Fintech Labs Insights

APRIL 20, 2022

Last week, we listed 72 features of digital bank accounts. It depends on the business, but here are 7 advanced features that many small businesses would value in their banking provider, but rarely find. Invoicing : Most (all) non-retail businesses must send invoices. That’s a lot to take in. Top 12 U.S.

Exercises 15

Exercises Digital Banking Fraud Security 15

BankInovation

AUGUST 29, 2023

trillion bank reported its tech expenses increased to $524 million, up from $476 million in Q3 2022, an increase of 10% year over year, according […] Scotiabank increased its investment in technology, personnel costs and advertising to grow business operations and remain competitive.

Operations 63

Operations Technology Report Digital Banking 63

Bobsguide

JULY 7, 2022

Financial institutions and retail brands gain a new embedded finance platform to help consumers access regulated loans at point-of-sale, powered by Banking as a Service. Finastra Banking as a Service: Outlook 2022 | Paving the way for embedded finance. Finastra Embedded Consumer Lending product brochure.

Lending 68

Lending Seattle Regulation US 68

Bobsguide

JULY 7, 2022

Dutch bank selects Finastra to future-proof its payments with a modern and functionally rich solution. Finastra’s payments hub will also help the bank migrate to the new ISO 20022 payments standard, due to go live in the eurozone for SWIFT messages in November 2022. .

Payments 68

Payments Innovation Compliance Lending 68

PYMNTS

MAY 3, 2019

This past week, PYMNTS went deep into Amazon’s new big retail bet, the new retail mathematics of the latest Avenger movie, and also the newest merger in the worlds of payments (scoring interviews with the main executives involve for the inside story). Payments 2022: Why Payments is Make-or-Break For Digital Platforms.

blockchain 108

blockchain Maine Retail Operations 108

Fintech Labs Insights

APRIL 12, 2022

Finding the right bank shouldn’t be. We’ve been on both sides of the table, 25 years running a small business, 5 years working in a bank, and 25 years advising banks on their digital retail banking and lending services. Cash deposit via retail network (eg. Receipt capture/upload*. Related: Top 12 U.S.

Digital Banking 15

Digital Banking Lending Fraud Cards 15

Bobsguide

MAY 25, 2022

London — May 16, 2022 — Mindtree , a global technology services and digital transformation company, and Finastra , a leading financial technology provider, today announced a partnership to bring Finastra’s Fusion Payments To Go payments technology to banks in the Nordics, the UK and Ireland, as a managed service.

Management 113

Management Payments Innovation Technology 113

Bobsguide

AUGUST 7, 2022

Cloud migration digitalizes the bank’s processes, enhances integrated ecosystems and enables new opportunity for growth in the UK. Its pioneering approach and commitment to open finance and collaboration is why it is trusted by ~8,600 institutions, including 90 of the world’s top 100 banks. About The Co-operative Bank.

Operations 68

Operations Strategy Innovation Policies 68

FICO

MARCH 30, 2023

In the UK more than 23 million people used basically no cash in 2022. The ATM population peaked at around 470,000 total devices in 2019 , but dropped to 456,000 in 2022. As banks close branches, even more ATMs are going with them. billion in losses to investment scams alone in 2022, more than double the losses from 2021.

Fraud 52

Fraud ATM South Carolina Management 52

Gonzobanker

JULY 8, 2022

The operational world of cash, checks, deposit slips, passbooks, and teller terminals used to dominate bank tech budgets. Those were the days of green screen cores and server-based ancillary applications, and digital banking was a Star Trek thing of the future. A national unemployment rate of 3.6% and a shocking 1.3%

Resources 139

Resources Leadership Technology Management 139

Bobsguide

JUNE 14, 2022

Paris, France – June 14 – 2022 – Finastra today announced a partnership with Lozenge Analytics, offering the capabilities to Fusion KTP customers. Its pioneering approach and commitment to open finance and collaboration is why it is trusted by ~8,600 institutions, including 90 of the world’s top 100 banks.

Analytics 60

Analytics Risk Management Compliance Management 60

Bobsguide

SEPTEMBER 23, 2022

New service will enable thousands of banks and financial institutions to offer faster cross-border payouts[1] for their customers via Visa Direct. Its pioneering approach and commitment to open finance and collaboration is why it is trusted by ~8,600 institutions, including 90 of the world’s top 100 banks.

Case Study 74

Case Study Innovation Payments Study 74

Bobsguide

AUGUST 30, 2022

and LONDON, August 22, 2022 — Finastra and FormFree ® , a market-leading fintech company that enables lenders to understand people’s true ability to pay (ATP®), have partnered to further streamline electronic borrower verification for mortgage lenders. ATHENS, Ga.

Lending 74

Lending Fintech US Data 74

FICO

JUNE 15, 2023

It’s about time we add some sensible friction to the real-time payment process as we race hellbent-for-leather down the digital freeway. raced by a milestone when the Fed raised interest rates for the tenth straight time since March 2022 in an ongoing race against inflation. They Didn’t Teach This in Econ 101 On May 3, the U.S.

Fraud 52

Fraud South Carolina Survey Management 52

Gonzobanker

JANUARY 4, 2023

Consider: Digital banking/channel migration plan – The institution’s digital banking plan involves every line of business that touches customers. But the business goals and the measurements of success lie with the retail banking, business banking, and lending groups. digital banking).

Technology 78

Technology System Software Groups 78

Gonzobanker

OCTOBER 12, 2022

Less than 10 years old, the Brazil-based digital bank counts 70 million clients across its three operating countries ( source ). For the past few years, we’ve seen digitally native consumers spending an increasing amount of time socializing, playing, and purchasing online (source: ARK Invest 2022 Research).

Fintech 97

Fintech United States Chicago Mobile 97

Bobsguide

JULY 7, 2022

Paris, France – June 28, 2022 – At a flagship award ceremony, Finastra , Sia Partners, Google Cloud, HSBC Continental Europe, Pépite France and Manaos announced the winners of the Finance and Innovation for Good competition. The overall winners are….

Innovation 68

Innovation social media Capital Digital Banking 68

Bobsguide

SEPTEMBER 29, 2022

Hong Kong / Macau – September 28, 2022 – ASL (HKEX stock code: 771), a leading global IT solutions and services provider, has partnered with Finastra, a global provider of financial software applications and marketplaces, to deploy Finastra’s Kondor treasury and capital markets solution in Hong Kong and Macau.

Software 68

Software Groups United States System 68

FICO

JUNE 21, 2022

Wed, 05/25/2022 - 03:43. Tue, 06/21/2022 - 14:50. New IDC research predicts that within the next two years around 30% of global Tier-1 banks will rely on relevant and responsible personalization as a key differentiator to retaining loyal customers. Key Steps on the Digital Decision Platform Journey. Saxon Shirley.

Management 52

Management Customer Experience Regional Strategy 52

Bobsguide

JUNE 22, 2022

London, UK, June 22, 2022 – Finastra today announced a strategic partnership with ITC Infotech to deliver Finastra’s Fusion Kondor cloud-based Treasury as a Service solution to its growing customer base in Europe.

Capital 60

Capital Technology Operations Regulation 60

PYMNTS

OCTOBER 22, 2019

“Digital-only banks [represent] quite a threat,” he said, noting one big area of increasing competition. They don’t have the expense and overhead that community banks do.”. With retail sales continuing to increase – they will hit some $6 trillion in the U.S.

Community Bank 116

Community Bank Community Operations Leadership 116

Gonzobanker

OCTOBER 5, 2022

Despite consumers’ stated likelihood to switch banks, just 13% of mobile banking customers switched their primary checking account from one institution to another between May 2021 and April 2022 according to the S&P Global survey. Data Doesn’t Lie, But Consumers Do (Kind Of).

Survey 78

Survey Mobile ATM Cards 78

Gonzobanker

OCTOBER 5, 2022

Despite consumers’ stated likelihood to switch banks, just 13% of mobile banking customers switched their primary checking account from one institution to another between May 2021 and April 2022 according to the S&P Global survey. Data Doesn’t Lie, But Consumers Do (Kind Of).

Survey 78

Survey Mobile ATM Cards 78

Gonzobanker

DECEMBER 1, 2022

However, the Federal Reserve Bank of San Francisco’s 2022 Diary of Consumer Payment Choice found that 20% of all payments were conducted using cash. We understand how many financial institutions hard at work on their digital transformation strategies have pushed the ATM channel to the back burner.

ATM 154

ATM Resources Management Capital 154

FICO

SEPTEMBER 27, 2022

Digitalization and Artificial Intelligence: 5 Keys to Success. Digitalization and artificial intelligence will radically change retail banking. What does this mean for banks? Mon, 09/26/2022 - 18:25. When you do this, AI moves beyond being just another buzzword, and opens up new potential in retail banking.

Analytics 52

Analytics Strategy Operations Google 52

Gonzobanker

DECEMBER 17, 2021

Then right back to the impossible in 2022. Bank Deal of the Year. Banks need to be prepared for the inevitability of this revenue impact and find ways to continue serving these customers. Amazon will accept Venmo beginning in 2022. Man, this is the bread and butter of retail banking and credit unions.

Fintech 143

Fintech Strategy Leadership Lending 143

PYMNTS

JULY 9, 2018

YouTube, Amazon and Twitter already offer unbundled access to NFL games , and analysts say that by 2022 , four short years from now, pretty much all TV networks will offer consumers the option of à la carte programming through a streaming option — something that nearly two-thirds of consumers surveyed in 2017 said they wanted.

Strategy 105

Strategy Millennials Online Branding 105