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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 109
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Mexican consumers on hook for fraud losses looking to switch

Banking 2020

Mexico’s consumers are being hit by payment fraud losses, but they are prepared to do something about it. In particular it seems that online purchases are a big target for fraudsters as the country’s e-commerce market booms. They also cite a report from the Mexico Daily News showing that banks had experienced approximately 2.9

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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EMV migration myths: three lessons for the US market

Banking 2020

“Maintaining signature as a cardholder verification method for EMV chip cards might not have a similar positive impact on lost or stolen card fraud as experienced in chip-and-PIN countries,” noted Douglas King, an expert on the Retail Payments Risk Forum at the Atlanta Fed. CNP fraud will rise. Only it’s not that simple. billion in 2018.

US 40
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Banking Shift: 3 Ways the Debt Industry is Changing

Banking 2020

This leads to more technical and product minded people working on underwriting, servicing and collections solutions that can service consumers who were acquired online, receive services online, and pay debt online. Voices banking technology debt debt collection evolution trueaccord'