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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Javelin Strategy & Research

NOVEMBER 7, 2023

Banner Section Home Rss.xml 2024 Trends & Predictions Javelin’s Trends & Predictions reports look at the coming year across the range of Javelin Strategy & Research’s practice areas—digital banking, fraud & security, payments, and wealth management—and highlight the compelling challenges and opportunities likely to emerge.

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The Paypers

DECEMBER 5, 2023

BioCatch , a digital fraud and money laundering detection provider, has released its 2023 Digital Banking Trends in North America report

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FICO

NOVEMBER 1, 2022

Application Fraud – Does Canada Need a New Approach? FICO’s Fraud, Identity and Digital Banking Survey 2022 shows that customers in Canada want slick onboarding processes, where fraud controls work but don’t delay account opening. And what does that mean for the future of your fraud management solutions?

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Independent Banker

DECEMBER 31, 2022

“We’ve got capital market resets that are potentially happening, technology advancements and continued heightened digital expectations. As 2023 kicks off, community banks can respond to today’s payments landscape by addressing five key trends. Embrace digital transformation. Address fraud and security.

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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. Tue, 01/10/2023 - 11:30. Few things change faster in the financial services space than fraud trends.

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FICO

AUGUST 26, 2021

It’s a question FICO’s fraud head honcho, TJ Horan, pondered back in 2016 , when the nascent real-time person-to-person (P2P) payments service Zelle was relaunched by a small consortium of banks (see below). How to Fight Real-Time Payments Fraud. Packaged real-time payments fraud ruleset. “Do you Zelle?”

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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. Mobile, online and phone channels all have distinct fraud challenges and customer needs. The Cost of Compliance.

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FICO

JUNE 15, 2023

Wed, 03/08/2023 - 22:14 jessica shortt by TJ Horan Vice President, Product Management expand_less Back to top Thu, 06/15/2023 - 15:05 As someone who has made a career in the payments industry, I feel a little weird making this bold statement: it has become too easy to send money to other people. Is Sending Money Too Simple?

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Gonzobanker

OCTOBER 27, 2022

While there is no modification to requirements related to interchange fees, this change will negatively impact banks’ and credit unions’ payments revenue and, likely, increase their fraud-related costs. The pandemic helped accelerate consumers’ digital activity, and, as a result, CNP transaction volume has soared in the past two years.

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Cards Fraud Regulation Trends 78

FICO

FEBRUARY 12, 2023

Home Blog FICO Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models. Read the full customer development post 4.

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FICO

JANUARY 4, 2023

Despite Rapid Adoption of Digital Channels, Customer Trust Lags. FICO global survey finds customers want better fraud protection and more security from their digital banking channels. Wed, 01/04/2023 - 14:05. Accounts via Digital, Loans Not as Much. Digital Considered Less Secure. FICO Admin.

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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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PYMNTS

AUGUST 22, 2018

Recent research indicates that nearly 150 billion records will be accessible to cybercriminals and other bad actors via the Dark Web by 2023. To read more on these and other headlines from around the space, check out the Tracker’s News and Trends section.

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South State Correspondent

OCTOBER 28, 2022

While last year was dominated by crypto, this year, the themes were mainly around fraud and identity (both conferences). Almost every bank and brand we spoke with will increase their investment in these two areas for 2023. This was followed by a focus on banking-as-a-service, embedded finance, open banking, Web 3.0,

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Gonzobanker

DECEMBER 19, 2022

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. In December, the founder and CEO of Crypto Exchange company FTX was arrested in the Bahamas (yah, don’t ask) and charged with fraud and conspiracy.

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Fintech Labs Insights

FEBRUARY 26, 2024

19 Feb: Revolut cuts fraud by 30% | Security | Credit/Debit cards Revolut has implemented an advanced AI feature to protect its 35 million users from card scams, specifically targeting authorized push payment (APP) scams. Online Digital Banks for Small Business (SMB) Feb 2024

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PYMNTS

AUGUST 15, 2018

“The company monitors more than five billion transactions per month and generates real-time alerts when behavioral anomalies are detected, stopping fraud at the source and reducing the significant operational costs associated with managing the fraud.”. billion by 2023, up from $871 million this year. Expect more such activity.

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Fintech Labs Insights

JULY 18, 2023

billion (as of July 2023). Employee self-enrollment to streamline the onboarding process and reduce the administrative burdens Advanced security features to protect against fraud and unauthorized spending. This includes real-time fraud monitoring, secure data storage, and encryption of sensitive data. Related: Top 20 U.S.

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South State Correspondent

APRIL 24, 2023

What Is AutoGPT Released on March 30, 2023, AutoGPT is an open-source application that connects via an API to a paid version of ChatGPT, making ChatGPT semi-autonomous. Every customer with its own webpage, complete with educational content, and its own digital banking workflow.

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NCR

JUNE 12, 2017

This would also help retail banks to meet their compliance requirements, whether it’s AML, fraud or customer conduct risk. “Customers are adopting mobile and digital banking at a pace we’ve never seen before. The ATM remains one of the most visible and heavily used banking channels around the world.

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