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Strategies for fighting remote authentication fraud

Independent Banker

Experts say community banks can use education, biometrics and solid cybersecurity practices to fight this growing area of crime. Say a scammer calls a community bank customer and gains their trust by using information obtained from a major data breach. By Elizabeth Judd. Examples of remote authentication fraud. New account fraud.

Fraud 160
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Efficiency now: 8 smart strategy tips

Independent Banker

Fallout from recent global events presents an obstacle to generating revenue for community banks. As we enter budgeting season, the answers might be found in a mix of strategies. It’s certainly an interesting time to be a community bank, but there are still plenty of ways to make efficiencies with an eye on profitability. ?

Strategy 135
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Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction

PYMNTS

The Clearing House’s RTP finds expansion within the community bank arena, while abroad, the Bank of Thailand is planning its own infrastructure development to accelerate B2B payments. PYMNTS explores these stories and others in this week’s Payment Rail Innovation Tracker. RTP Gains Community Bank Traction.

Fraud 266
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18 Corporate Innovation Labs In Healthcare

CB Insights

One solution: in-house healthcare innovation labs. We put together a list of healthcare innovation labs from new entries to the field, as well as some of the oldest — and most familiar — names in health. Sometimes corporate innovation goes wrong , and we’ve written about corporate innovation theater before.

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Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

The COVID-19 pandemic is taking a tremendous toll on communities across America,” Brainard said. But she added that such innovation has raised “fundamental questions” about legal and regulatory safeguards. In a Thursday (Aug. 6) symposium highlighting the Fed’s approval of the FedNow system, Fed Gov.

America 189
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Saving Main Street: How A Business School Is Helping Toronto SMB Retailers

PYMNTS

In an interview with Karen Webster, Chris Carder , co-director of Entrepreneurial Studies at Schulich School of Business, outlines the story of how innovation can become teamwork. One of the local shops in Carder’s neighborhood was trying to come up with a strategy that would draw people to their business, which is half bakery and half pizza.

Maine 142
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2021 GonzoBanker Awards

Gonzobanker

We know the customer buying and use of financial services is being fundamentally changed by fintech, but our long-term strategies to invest/partner/buy/compete are very much works in progress. This is an innovation-seeking franchise that has built a solid brand and never got over its skis in execution. GonzoBanker of the Year – Bank.

Fintech 147