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Boston Fed Chief Rosengren Expects Jobless Rate To ‘Rise Dramatically’

PYMNTS

Boston Federal Reserve President Eric Rosengren said on Wednesday (April 1) that despite the best efforts of politicians and central bankers to contain COVID-19’s economic impacts, the U.S. The Boston Fed chief said the central bank has already moved to help lessen the coronavirus pandemic’s economic harm.

Boston 109
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Credit Unions, CUSOs Fighting Fraudsters

PYMNTS

The latest report explores how “…data analytics and advanced learning tools such as machine learning (ML) can help CUs safeguard their platforms and customers against potential threats.”. Financial institutions should leverage data analytics to their benefit. ” Phishing, Smishing and the Value of Education .

Fraud 239
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Top 5 Emerging Fintech Hubs in The U.S.

Bank Innovation

Silicon Valley, New York City, and Boston all have thriving fintech communities, and are definitely worth a trip for the invested fintech entrepreneur, but the U.S. is already seeing a cluster of other fintech hubs emerge. These cities boast strong tech communities, talent pools, good coffee, and cheaper rents.

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Today In Payments: $50B In Crypto Moved Out Of China; Uber Health To Deliver Meds

PYMNTS

New Report: How Behavioral Analytics Help FIs Block Fraud at the ITM. In August’s Digital-First Banking Tracker, Jason Powers, senior vice president at Ascend Federal Credit Union, explains how behavioral analytics at the ITM help keep fraudsters away. Federal Reserve’s Cunha on the State (and Timeframe) of Digital Dollars.

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New Report: SMS-Based Outreach Helps Merchants Authenticate Consumers, Boost Online Sales

PYMNTS

Technology giant IBM and Dublin-based client lifecycle management solutions company Fenergo recently partnered to use AI and analytics on the IBM Cloud to help FIs more easily onboard customers. The Tracker also examines the role tools and technologies such as advanced analytics can play as onboarding needs grow more sophisticated.

Online 272
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Santander Adds Three Lending Executives

PYMNTS

Smith is new to the bank and will be based in Boston, overseeing the strategic direction, product pricing and portfolio management of the Small Business Banking division, Santander stated in the announcement. She is an expert in analytics, Santander stated, and holds a B.A. Patrick Smith was named head of Small Business Banking.

Lending 160
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SoftBank Drops $100M Into Cybereason Software

PYMNTS

SoftBank is helping out Boston-based digital security firm Cybereason with a big $100 million investment. Cybereason turns machine learning and behavioral analytics loose to process data and flag security issues in real time. Businesses need to concentrate on what happens once the adversaries are inside.”.

Software 100