BankInovation

JANUARY 5, 2024

Citi plans to invest in payments, liquidity, trade finance and security services fintechs in 2024 despite ongoing changing macroeconomic conditions, Bis Chatterjee, head of partnerships and innovation at Citi Treasury and Trade Solutions, told Bank Automation News.

Fintech 66

Fintech Innovation Security Payments 66

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.

Trends 45

Trends Fraud Digital Banking Strategy 45

BankInovation

FEBRUARY 8, 2024

In fact, check fraud is expected to reach $24 billion in 2024, according to a Jan. Industrywide, financial institutions are seeing an uptick in synthetic identities, scam activity and check fraud even as digital channel adoption grows. 3 newsletter from Frank McKenna, chief strategist for AI-driven fraud detection platform Point Predictive.

Fraud 66

Fraud America Security 66

Perficient

APRIL 3, 2024

Perficient insurance experts were interviewed for Forrester’s report, “ The Top Emerging Technologies In Insurance, 2024 ,” and discussed technologies expected to emerge in the insurance industry over the next five years, considering them now, and in the short-term, medium-term, and long-term future.

Technology 221

Technology Report social media Industry 221

Payments Dive

JANUARY 17, 2020

The use of facial recognition hardware in mobile devices is expected to surge in the next few years, reaching more than 800 million devices by 2024. Facial recognition software however will still dominate.

Mobile 351

Mobile Security Software 351

Perficient

JANUARY 23, 2024

This post has been updated to reflect FINRA Regulatory Notice 24-02, issued January 23, 2024. However, as remote work has become the new norm, the Securities Exchange Commission (SEC) has provided its approval to revise Rule 3110, easing the requirements for brokers choosing to work from home. What’s New?

Compliance 221

Compliance Regulation Industry Maine 221

The Paypers

APRIL 16, 2024

Financial infrastructure platform for businesses Stripe has announced that it secured USD 694.2 million in the tender offer from February 2024.

Security 45

Security 45

The Financial Brand

DECEMBER 27, 2023

This article Trends 2024: Bank Spending on RegTech Will Reach New Heights in 2024 appeared first on The Financial Brand. While overall bank tech spending remains flat, intensifying focus on security and fraud means that regtech will demand an ever bigger piece of the pie.

Trends 33

Trends Fraud Branding Security 33

Perficient

FEBRUARY 15, 2024

Looking Ahead With the enforcement deadline of April 29, 2024, fast approaching, financial institutions subject to NYSDFS Part 500 amendments must accelerate their compliance initiatives. Learn more about our Risk and Regulatory Solutions and discover how Perficient can fortify your business against regulatory challenges today.

New York 221

New York Compliance Regulation Analysis 221

The Financial Brand

JANUARY 1, 2024

This article Trends 2024: Banks Must Ramp Up Protections as Mobile Fraud Grows appeared first on The Financial Brand. An explosion of malicious software targeting mobile applications and their users will be security priority No.

Trends 33

Trends Fraud Mobile Branding 33

Perficient

FEBRUARY 15, 2024

Key Dates and Regulation Enforcement Enforcement of the new DFS500 amendments is slated to commence on April 29, 2024, marking the dawn of a new era in compliance, particularly in domains such as risk assessments and asset inventory management for information systems.

Compliance 221

Compliance New York Regulation Analysis 221

ATM Marketplace

DECEMBER 19, 2023

With 2024 fast approaching, it's time to take a look back at the top stories of 2023 for ATM Marketplace.

ATM 113

ATM Bitcoin Security 113

BankInovation

JANUARY 8, 2024

Citizens Financial Group’s Citizen Pay is developing a new product offering to further enhance the platform’s ability to facilitate secure transactions as demand for contactless payments and digital wallets continues to tick up for e-commerce.

Innovation 64

Innovation Security Payments Fintech 64

Abrigo

JANUARY 3, 2024

1, 2024, many companies must begin reporting information about who ultimately owns or controls them to a federal beneficial ownership registry. 1, 2024, many companies are required to begin reporting to the U.S. 1, 2024, have one year (i.e., 1, 2024) of the BOI Reporting Rule. Effective Jan. Department of Treasury 2.

Fraud 221

Fraud Regulation Report Compliance 221

BankInovation

JANUARY 8, 2024

Citizens Financial Group’s Citizens Pay is developing a new product offering to further enhance the platform’s ability to facilitate secure transactions as demand for contactless payments and digital wallets continues to tick up for e-commerce.

Innovation 52

Innovation Security Payments Fintech 52

The Paypers

APRIL 9, 2024

EBA CLEARING has announced its plan to provide Verification of Payee services to its users at a pan-European level starting from December 2024.

Security 36

Security Payments 36

PYMNTS

FEBRUARY 28, 2019

IoT Security Concerns. percent by 2024. Security Upgrades? That said, the PYMNTS research confirms what others, including Kaspersky and Zededa, have found on their own: It’s a long road to IoT security. More specifically, sensors stand as a major security risk as the IoT word continues to grow, the PYMNTS research found.

Security 198

Security Survey Course Data 198

TrustBank

AUGUST 1, 2023

The SECURE Act 2.0 If you recall, the original SECURE Act (Setting Every Community Up for Retirement Enhancement) was passed in 2019, but it needed some changes and add-on’s. The general idea of the SECURE Acts was to get people saving more for their retirement since the days of pensions are fading in the rear-view mirror.

Security 52

Security Taxes Washington Course 52

PYMNTS

SEPTEMBER 27, 2019

The latest IoT Tracker delves into new applications for IoT, as well as its limitations, with a focus on supply chains and security. What About Security? According to ABI Research, approximately $135 billion is expected to be spent worldwide on critical infrastructure for cybersecurity in 2024.

Security 193

Security Oregon Survey Industry 193

American Banker

DECEMBER 26, 2023

The additional disclosures came in advance of new regulations that are expected in 2024 from the Securities and Exchange Commission. JPMorgan Chase and Citigroup were among the banks that voluntarily reported new information this year about the impact of their operations on climate change.

Regulation 90

Regulation Security Operations Report 90

BankInovation

DECEMBER 8, 2023

As AI in the banking industry continues to grow, financial institutions must be confident in the accuracy and security of the technology, according to the Bank of England’s Dec. 5 Financial Stability Report.

Security 64

Security Industry Technology Report 64

Gonzobanker

JANUARY 4, 2024

In 2024, Smarter Banks will go on offense and differentiate with the customer experience. In the spirit of New Year’s resolutions, here are three ways “Smarter Banks” will flip the customer experience (CX) script in 2024. #1 2024 is an opportunity to go on offense and make CX a true point of competitive differentiation.

Customer Experience 149

Customer Experience Community Knowledge Base Tools 149

PYMNTS

AUGUST 7, 2019

5 billion: Number of people expected to be using government-issued IDs by 2024. Data: 250,000: Estimated number of data records lost or stolen every hour. 2015: The year the Fed launched its 500-person Faster Payments Task Force. 2,300 square feet: Area of the walk-in clinic set to open in November at the Mall of America.

Security 108

Security America Data Innovation 108

American Banker

JANUARY 18, 2024

But executives say the year ahead will be different, pointing to strong credit quality and a repricing of Key's securities portfolio. The Cleveland-based regional bank was not well positioned for the sharp rise in interest rates last year.

Cleveland 36

Cleveland Regional Security 36

Abrigo

MAY 30, 2023

1, 2024, and report for the first time by June 1, 2025. 1, 2024, is the earliest compliance deadline. financing arrangements such as accounts receivable with a business providing goods or services) Public utilities credit Securities credit Incidental credit defined in Regulation B as exempt (e.g.,

Compliance 195

Compliance Lending Data Regulation 195

The Banker

MARCH 12, 2023

The US SEC has set May 2024 as the implementation date for shortening the standard settlement cycle for US securities transactions, a challenging deadline for the industry to hit. By Marie Kemplay.

Industry 31

Industry Security US 31

Abrigo

FEBRUARY 9, 2024

You might also like this on-demand webinar, "AML/CFT hot topics for 2024: What to expect for financial crime." residential real estate sector but safeguarding our economic and national security.” Know the red flags for money laundering. Here is what you need to know. billion laundered between 2015 and 2020 through the U.S.

Training 195

Training Fraud Trends Report 195

American Banker

FEBRUARY 14, 2024

New regulations involving cryptocurrency and the results of key elections will impact the industry's success this year.

cryptocurrency 83

cryptocurrency Regulation Industry Cyber Security 83

Perficient

JANUARY 3, 2024

However, as remote work has become the new norm, the Securities Exchange Commission (SEC) has provided its approval to revise Rule 3110, easing the requirements for brokers choosing to work from home. WFH Background Before the pandemic, firms were required to submit branch office applications on behalf of all the “branches.” What’s New?

Compliance 221

Compliance Risk Management Regulation Industry 221

American Banker

JANUARY 8, 2024

Many of the attack vectors, including ransomware and phishing, will likely continue to plague the industry through 2024.

Industry 92

Industry Cyber Security Data Security 92

BankInovation

MARCH 21, 2024

In 2023, cyberattacks using valid credentials to gain access to user accounts increased 71% from 2022, according to IBM’s 2024 X-Force Threat Intelligence Index. Financial institutions must prioritize multifactor authentication as hackers take advantage of a lack of identity protection.

Security 64

Security 64

Perficient

FEBRUARY 2, 2023

Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners. To use this offering, cardholders enrolled a fingerprint to have securely stored on their card. million in 2024.

Industry 471

Industry Trends social media Payments 471

PYMNTS

JANUARY 24, 2020

Legacy security methods such as rules engines cannot keep pace with modern fraudsters, and artificial intelligence (AI)-based behavioral analysis, as well as better data sharing, are crucial to safer eCommerce. 62.3B: Expected size of the global payment processing solutions market by 2024.

Fraud 141

Fraud Analysis blockchain Data 141

PYMNTS

AUGUST 21, 2020

billion by 2024. Mobile banking is under constant attack from fraudsters, however, who are targeting both customers’ funds and personal data, such as account numbers, Social Security numbers, payment card data and login credentials. The Security Threats Facing ITMs And How FIs Can Protect Them.

Analytics 266

Analytics Fraud ATM Report 266

PYMNTS

DECEMBER 31, 2020

Security challenges are mounting, too. PIN-based debit transactions are some of the most secure, but this payment method is being used less and less, with consumers instead turning to eCommerce and in-person contactless payments during the pandemic. 3D Secure 2.0 3D Secure 2.0 The Face of Fraud. Understanding Customers.

Fraud 273

Fraud Strategy Security Cards 273

Abrigo

MARCH 8, 2024

In 2024, we face sophisticated schemes exploiting both technology and social engineering to target unsuspecting customers. Create and follow your internal processes for communications and security. While wire transfers offer speed and efficiency, they have always carried inherent risks. The best defense is a good offense.

Fraud 195

Fraud Technology Trends Training 195

South State Correspondent

JANUARY 25, 2024

What LLMs were in 2023, LAMs will be as big in 2024. For security reasons, banks will start to create “companion accounts” that will give the large action models particular access that the user controls to include a set of limits. In effect, banks will have an additional customer segment. LAMs also will be used internally.

Examples 370

Examples Security User Experience Data 370