Why PPP fraud hit fintechs harder than banks
American Banker
NOVEMBER 11, 2020
Scammers may have had more success at duping fintechs than banks in obtaining Paycheck Protection Program loans. But there are reasons for this apparent disparity.
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Identity fraud is soaring. Here's how one lender is attacking it.
American Banker
JULY 2, 2020
Axcess Financial is using stronger authentication, studying up on bad actors and planning to use a federal service that automates verification of Social Security numbers.
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Beam chief says there’s another side to story of deposit mishandling
American Banker
NOVEMBER 4, 2020
Some customer fraud and a lack of cooperation from partners Huntington Bank and Dwolla prevented Beam Financial from returning funds to savers, says Aaron Du, the fintech's CEO. He says he’s trying to make things right, but Huntington and Dwolla are taking the dispute to court.
Small banks' battle to thwart unemployment scams
American Banker
JUNE 15, 2020
Peoples Bank in Arkansas and Main Street Bank in Massachusetts are getting smarter about spotting suspicious transactions tied to unemployment benefit fraud as well as warning customers what to watch out for.
Your Eyes are the Window to… Your Bank? Q&A with EyeVerify
Banking 2020
NOVEMBER 12, 2014
The business case for banks is straightforward. They also know the fraud cost of password hacks and the opportunity cost of low adoption of mobile services. Eyeprint ID is already in market for consumers among 20 banks in Australia that are leveraging the digital banking platform provided by The System Works Group.
Scorecard Reports
Javelin Strategy & Research
FEBRUARY 1, 2022
2022 Cyber-Trust in Banking Scorecard Javelin Report Date: September 27, 2022 Authors: Suzanne Sando , Alexander Franks Research Topic(s): Cybersecurity , Fraud & Security For consumers to trust their financial institutions, their expectations need to be met and exceeded. Bank of America ranked as “Best in Class” over 20 top U.S.
How to Build Banking Relationships That Last
Banking 2020
MAY 5, 2015
Ideally, they should make it easier for the customer to manage his or her money, while also building loyalty to the bank — and reducing costs or increasing revenue. Offering credit monitoring to customers allows them to stay in control of their credit profile, while also preventing bank losses.
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