Remove Apple Remove Fraud Remove Innovation Remove User Experience
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Key takeaways from ThinkBIG 2024: Insights for banks and credit unions

Abrigo

Takeaway 2 The panel encouraged banks and credit unions to change their approach to compliance and technology, getting compliance involved sooner in new initiatives to encourage safe innovation. We are looking at everything from online account opening to our banking platform's user experience.

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Commander In Chief: Mitek Systems’ CEO Innovation Download

PYMNTS

He also offers advice for how to innovate in the field. Here is an excerpt of the conversation: PYMNTS: How would you define your company’s approach to innovation? PYMNTS: Where do you look for innovative ideas, and why? PYMNTS: What is the most innovative thing you’ve ever done? JB: Innovation often means taking a risk.

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The Great Credit Card Program Outsourcing Debate

PYMNTS

Payments is in a state of constant change, with decision points shifting as fast as each innovation, disruption and tweak in consumer behavior. For instance, with the recent launch of the Apple Card , Apple has sent a signal that they seek to offer a better user experience than banks.

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Restaurant Ordering Apps, Cloud Technology, Cash Hoarding Top This Week’s News

PYMNTS

In-house ordering apps are typical for large quick-service restaurant (QSR) companies, with only those who are willing to take risks and innovate standing out from the herd. It takes effort to balance seamless-but-fraud-free user experiences. Apple/Disney: Is Apple About To Make The Happiest Acquisition On Earth?

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Vocalink On The Grim Facts Behind Financial Crime’s $1.4T Toll

PYMNTS

Wily sorts, who go with the flow of innovation and see the sea changes inherent in payments. Squeezed out of tried-and-true methods of card fraud (thanks in no small part to EMV), the fraudsters are eyeing how to interfere with the money that firms legitimately send in the course of normal, daily business life. A note of caution rings.

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The Past, Present And Future Of Voice Banking

PYMNTS

Bank officials touted the innovation as a form of insurance against fraud, and so far, it seems to be just that. Despite the breach, the bank maintains that the technology has resulted in a significant reduction in fraud and is stronger than PINs and passwords or phrases. Wells Fargo jumped on the bandwagon a little later.

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From Fingerprints To Faces: Bank of America Explores Biometrics’ Next Phase

PYMNTS

After all, if no one wants to use a new piece of tech, it doesn’t matter how groundbreaking an innovation it might be — it probably won’t be around for long. That’s largely because the familiar method consumers have used to access their Apple smartphones is now starting to shift.

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