article thumbnail

Deep Dive: Strategizing Transparent, Holistic Digital Banking Transformations

PYMNTS

The number of online banking customers is growing worldwide, and FIs’ consumers are coming to expect seamless digital experiences as a result. One study recently determined that the number of digital banking users is expected to exceed 3.6

article thumbnail

The growing interest in digital banks

Insights on Business

Traditionally, banking was a conservative industry with relatively high barriers to entry. Banking products and services were defined and controlled by the bank. At the same time, regulators in many countries also have relaxed regulations to encourage innovation in the banking industry.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why FICO Won Best Technology Provider for Data Analytics

FICO

Why FICO Won Best Technology Provider for Data Analytics. The FICO team were delighted to pick up the award for Best Technology Provider for Data Analytics at this black-tie event. These capabilities can be shared across different functions, giving users a 360-degree customer management tool, powered by advanced analytics.

article thumbnail

Are Your Analytics Hot – or Crazy?

Gonzobanker

Everybody’s talking about analytics these days and it’s not just in the predictable tech and fraud circles but in finance, marketing and lines-of-business. President John Dean from the early days of bank analytics 25 years ago – “ more loans, better loans, faster loans.” Analytics: The Hot Crazy Matrix. It’s everywhere.

article thumbnail

Fighting digital banking fraud – Part 2: Mitigate the threat

NCR

As we explored in the first part of this two-part guide, digital banking fraud is an escalating threat to financial institutions and their customers. Digital banking fraud can take many forms, such as identity fraud and account takeover , which are becoming increasingly common. million in 2016.

Fraud 74
article thumbnail

Top News In Payments: Facebook Expenses Rise 51 Pct; Goldman Targets $125B In Consumer Deposits

PYMNTS

In its Q4 2019 earnings release, Facebook reported a 51 percent spike in expenses for 2019, as the social media platform faces more questions from regulators and policymakers. Digital banking efforts took center stage at Goldman’s Investor Day on Wednesday (Jan. MoviePass, Parent Helios Seek Bankruptcy Protection.

article thumbnail

Non-Maturity Deposits – A New Machined Learned Framework For ALM

South State Correspondent

While there have always been problems in banks’ asset-liability models (ALM) and liquidity stress test models, the current environment exacerbates this problem. As a result, most banks are overestimating their liability sensitivity and, thus, their deposit value.