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Alabama Tests Selfie Authentication To Fight Tax Fraud

PYMNTS

Identity company MorphoTrust USA looks to put a dent in tax fraud and theft by adding an additional layer of authentication security into the mix. The company recently announced a partnership with the Alabama Department of Revenue (ADR). MorphoTrust’s eID works via mobile app.

Alabama 101
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CFPB Rolls Out Innovation Regulator Network

PYMNTS

A network to better coordinate financial innovation among federal and state regulators is being launched by the Consumer Financial Protection Bureau (CFPB) in partnership with several states, the agency said in a press release. State regulators in every state were invited to join. .

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Old School, New School: TCU Pairs AI And Outreach To Personalize Members’ Experiences

PYMNTS

Many are still taking innovative approaches to rolling out new high-tech solutions by turning to third-party providers, however. CU members stand to benefit greatly from such solutions, as the study reported that 51 percent them of them have had their identities stolen and 68 percent have been targeted by debit or credit card fraud.

Alabama 228
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Deep Dive: Digital-First Banking’s Challenges And Benefits

PYMNTS

Digital-first transformations can improve personalization and operating efficiencies, but they also bring challenges, including adoption-related costs and new avenues for fraud. Recent innovations have enabled these machines to perform more functions than ever, including connecting with live tellers at off-site locations via webcams.

ATM 151
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Regions Bank Makes A Digital Push With The Help Of AI

PYMNTS

Birmingham, Alabama-based Regions Bank is one such bank that is taking a digital-first approach as it seeks to remain competitive. PYMNTS recently spoke with Bradley about how Regions Bank is transforming its 1,456 branch locations and the array of technologies it is leveraging to accomplish its innovative goals. A ROSIE future.

Regional 111
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BBVA’s Four-Step Guide To Digital-First Transformations

PYMNTS

BBVA USA , the Alabama-based subsidiary of Spanish multinational FI Banco Bilbao Vizcaya Argentaria and the 30th largest bank in the U.S., is currently undergoing a major digital transformation. It is shifting all of its 649 branch locations to a digital-first model to “create amazing experiences for the customers,” said Murat Ça?

Tools 169
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CFPB finalizes product sandbox proposal and changes to trial disclosure, no-action letter policies; discloses plans to propose interpretive letter program

CFPB Monitor

In addition, the CFPB has announced the creation of the American Financial Innovation Network (ACFIN) to facilitate coordination between the CFPB, other federal regulators, and state regulators and the CFPB’s issuance of the first NAL under the revised NAL Policy. First NAL under new policy.