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10 Bank Technology Trends to Follow for 2024

South State Correspondent

The underlying point here is that banks have traditionally used fraud data on an ad hoc basis. Equally important is for banks to either use a single set of fraud management tools across the organization or at least orchestrate the various fraud tools into a comprehensive unit.

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Here’s How to Become More Than the Branch Next Door

Gonzobanker

It’s sort of like asking Taylor Swift to give up singing to take a job handling financial fraud instead. In a risk-averse industry, it isn’t an easy task to try the unknown, especially at a time when profits are under attack. In our registration batch, a question from one banker says it all: “Can we actually differentiate?” Short answer: Yes.

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Wells Fargo Fallout, New Amazon Payments Top Week’s News

PYMNTS

Though many banks may be betting big on advanced technology to help them in the fight against financial fraud, their customers would feel more secure if they were given more control over their banking apps’ authentication processes. How kimkim Uses Faster Payments To Win Gig Worker Loyalty.

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Contactless Payments Fraud – A Sleeping Lion in a Trillion-Pound Market

FICO

trillion by 2028. If we look at the current numbers against the wider backdrop of card fraud, they are fairly low in comparison. For example, in the UK, data from UK Finance revealed that in 2020 there was a total of £574 million lost through card fraud. Of this, only £16 million represented contactless payment fraud.

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