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

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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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B2B Investors Set Sights On Data, AI, Analytics

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Cross River, which did not disclose its valuation, said it will use the funding to invest in its compliance infrastructure and expand staff levels as it continues to collaborate with FinTech startups, allowing them to gain access to Cross River’s client base without needing to secure their own banking license.

Analytics 176
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New Report: SMS-Based Outreach Helps Merchants Authenticate Consumers, Boost Online Sales

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Businesses and financial institutions (FIs) are constantly examining ways to make their customers’ accounts more secure, especially as more consumers go online to make purchases and transact during the ongoing COVID-19 pandemic. A convenient, yet secure solution could be just a few taps away, however.

Online 272
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Credit Unions, CUSOs Fighting Fraudsters

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Advances in payments technologies are making consumer transactions more secure,” the report states. 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.”.

Fraud 239
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Today In Payments: $50B In Crypto Moved Out Of China; Uber Health To Deliver Meds

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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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Cybersecurity Firm Cybereason Snags Another $200M From SoftBank

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It also plans to build the world’s first full stack offering for truly autonomous security, as well as increase investment in its core organic R&D. Boston-based Cybereason has 500 employees, with offices in Tel Aviv, Tokyo, London and Sydney, as well as additional presence on all continents.

Boston 115
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SoftBank Drops $100M Into Cybereason Software

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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