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Banks and Credit Unions View Fintech Partnerships a Key Growth Strategy for 2020

Gonzobanker

Financial institutions are making fintech partnerships a key priority in 2020, according to a new study from Cornerstone Advisors. In What’s Going On In Banking 2020: Outlook for a New Decade , 65% of banks and 76% of credit unions say these partnerships will be an important part of their business strategies this year.

Strategy 110
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High-Frequency Trading: Is It The New Normal?

Banking 2020

For all the advances enabled by technology, many banking practices haven’t changed much—we do the same things we’ve always done, only more efficiently. Yet each advance, from instant online research to the wealth of mobile capabilities now available, has also delivered the potential for real transformation. Let’s hope we fit in.

Oakland 70
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Mexican consumers on hook for fraud losses looking to switch

Banking 2020

In particular it seems that online purchases are a big target for fraudsters as the country’s e-commerce market booms. Fraud prevention is considered a key issue by Mexican consumers who will increasingly look for sophisticated protection for their online purchases,” the authors write. Fraud rises.

Fraud 40
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5 Ways to Avoid Banking Security Risks

Banking 2020

It has been predicted that digitalization of banks and personal data is what is increasing risks and making banks vulnerable too. From websites which report bank and broker reviews to experts in security technology, many have the same prediction around money transfer online : the risks are now higher.

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Retail Banking: Putting 2015 in Context

Banking 2020

Which brings us to retail banking in 2015. Yes, of course we already see ads for financial institutions everywhere, but consumers today aren’t only on the subway and at sporting events, they’re online. They’re deeply immersed in the digital universe, and that means an entirely different kind of interaction.

Retail 88
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EMV migration myths: three lessons for the US market

Banking 2020

The perceived wisdom is that fraudsters, prevented from counterfeiting cards and using them in stores, simply turn online, where all they need are the card details. Better analytics, security features and fraud detection is in place today that means there is simply not the gap in the market for fraudsters that existed in the mid-2000s.

US 40
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High-Frequency Trading: Is It The New Normal?

Banking 2020

For all the advances enabled by technology, many banking practices haven’t changed much—we do the same things we’ve always done, only more efficiently. Yet each advance, from instant online research to the wealth of mobile capabilities now available, has also delivered the potential for real transformation. Let’s hope we fit in.

Oakland 42