Remove 2027 Remove Fintech Remove Fraud Remove Security
article thumbnail

Mastercard touts security of new account-opening solution

BankInovation

Mastercard has launched an enhancement to its Open Banking Account Opening solution to make it more secure as clients increasingly go digital.

article thumbnail

Instant payments more mainstream than ever, but at what cost?

Insights on Business

As these numbers are trending upward, the mobile payments and transaction industry, which one of its main selling points is simplicity, is ripe for fraud and criminal activity. Enter the mobile fraud detection and prevention industry. Investing in mobile payment security to fight cybercrime. Convenience, at a cost.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. Unfortunately, most banks don’t gather fraud data across payment channels or track “pre-crime events.”

article thumbnail

Legacy Banks Embrace APIs To Counter Competitive Cycle

PYMNTS

Legacy banks around the world have been under tremendous pressure in recent years to transform their business models, as upstart FinTech companies are removing the barriers to entry and credit access that have kept large numbers of growth businesses and consumers out of the market. Lingering Fraud Risk . billion. . Switch, Inc.,

article thumbnail

Former Worldbank CEO On ClearBank’s New Core Banking Infrastructure And Driving FinTech Innovation

PYMNTS

In May 2007, Voice Commerce, the voice biometrics company he founded in 2003, launched VoicePay, the consumer-facing application of the company’s secure voice-initiated transactions processing platform. that resulted in the reduction in the number of clearing banks to four, the incredible rise in FinTech innovation in the U.K.