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Why community banks should partner with fintechs

Independent Banker

A recent report by Cornerstone Advisors found that bankers are either strongly interested in or already working with fintechs in three main areas: digital account opening (71%), mobile wallets (41%) and fraud/risk management (47%). Fraud and risk management. Elizabeth Judd is a writer in Virginia. Digital account opening.

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Darden Cyberattack Puts 567K Cards At Risk

PYMNTS

In a press release , the restaurant chain operator said it was notified on August 16, 2018, by federal authorities that a legacy point-of-sale system for some of its Cheddar’s Scratch Kitchen restaurants, a brand acquired by Darden last year, may have been compromised via a hack that involves restaurants in 23 states.

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Data privacy: How to keep customer data safe

Independent Banker

Respondents also indicated a 23% increase in purchase intent for brands and companies with responsible data practices. The privacy of customers’ personal information is at the forefront of every community banker’s decisions, says Steven Estep, ICBA assistant vice president of operational risk. Other regulation around consumer data.

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17 Of The Biggest Startup Frauds Of All Time

CB Insights

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. And others disappear forever. Outcome Health fights for its life.

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2021 GonzoBanker Awards

Gonzobanker

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. This is an innovation-seeking franchise that has built a solid brand and never got over its skis in execution. Goes to Larry Mazza and the crew at MVB Bank in West Virginia. Acronym of the Year.

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Amazon HQ2, JPM Coin And The Weird, Wild Week Of Payments’ Left Turns

PYMNTS

The Crystal City, Virginia HQ2 plans are still underway, as are plans for a new operations hub in Nashville. His commentary about bitcoin over the years has included the words “stupid” and “a fraud,” along with threats to fire any employee caught trading it. So can Apple save online journalism ?

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Finovate Debuts: Daon Brings Security and Convenience to Mobile Authentication

Fintech Labs Insights

“Last year, a Javelin report said that there was $9 billion lost due to card fraud. Headquartered in Reston, Virginia. In order to guarantee a consistent user experience across all operating systems and hardware, the platform approach is the only real solution. That’s a problem,” White said. Company facts.