American Banker

MARCH 5, 2024

False transaction disputes and other individual-level financial fraud cost the industry billions. It's time to join forces and even the odds.

Fraud 44

Fraud Data Fintech Industry 44

PYMNTS

SEPTEMBER 23, 2020

Financial crime is a pervasive threat to banks, credit unions, FinTechs and other financial institutions (FIs) the world over. A recent study from PwC found that 47 percent of companies had experienced fraud at least once in the past two years, with a grand total of $42 billion in funds stolen over this period of time.

Technology 208

Technology Report Fraud Study 208

PYMNTS

JUNE 15, 2018

Auto bank reconciliation will also be available to SMEs. In Africa, the biggest private bank in Kenya, CBA, has cemented a partnership with a FinTech there, Ennovative Capital, a Kenyan firm that licenses software to boost payments speeds. Using technology would cut costs that come in tandem with anti-fraud efforts.

Fintech 115

Fintech Compliance Software Taxes 115

PYMNTS

OCTOBER 10, 2019

Consumers have noticed the rising levels of fraud in digital banking, and they are not pleased. Financial institutions (FIs) need to keep watch for newer schemes as they seek to prevent different forms of fraud, such as money laundering, on their online platforms. Around the Digital Banking World.

Fraud 126

Fraud Digital Banking Strategy Security 126

PYMNTS

FEBRUARY 26, 2020

Back then, FinTechs asked for forgiveness instead of permission, rushing headlong into markets, disrupting them and operating in newly invented spheres of finance that regulators barely understood. It’s ushering in a new era of regulation and compliance – and there will be ramifications. Now, they’re laying down the law.

Regulation 130

Regulation Case Study Fraud Study 130

PYMNTS

OCTOBER 29, 2018

As a result of the passage and adoption of open banking regulations, like PSD2 in Europe, banks and other financial firms are sharing data more freely than ever before. New open banking tools mean new types of financial transactions, which could make fighting digital fraud even more difficult for banks.

Security 192

Security Fraud Tools Data 192

PYMNTS

OCTOBER 25, 2016

25) a partnership to integrate its Trusted Digital Identity online fraud prevention and compliance automation platform with Neoway’s Advanced Data solution. First, it will immediately put us at the forefront of the FinTech and digital banking in LATAM. IdentityMind Global announced Tuesday (Oct.

Analytics 100

Analytics Compliance Fraud Digital Banking 100

PYMNTS

DECEMBER 23, 2019

However, it is a quickly changing industry, thanks to digital banking. Its omnipresence is altering how members want to interact with their CUs, though regulatory and compliance issues often mean that members cannot reasonably expect the same lightning-fast interactions they might get from banks and FinTech firms.

Data 131

Data Lending Michigan Regulation 131

PYMNTS

NOVEMBER 13, 2020

In many ways, mobile banking’s rapid rise parallels that of banking-as-a-service (BaaS), which is enabling more financial institutions (FIs) to offer digital services with low implementation barriers to be competitive in what is a firmly digital-first environment at this point. The One-Stop Digital Banking Experience.

Payments 259

Payments User Experience Meeting System 259

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. RegTech has two aims: increasing the effectiveness and the efficiency of compliance.

Compliance 150

Compliance Regulation Innovation Fintech 150

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. RegTech has two aims: increasing the effectiveness and the efficiency of compliance.

Compliance 150

Compliance Regulation Innovation Fintech 150

PYMNTS

OCTOBER 27, 2019

27), far-flung verticals such as healthcare and seafood supply chains – and even FinTech – can be united under a key principle: Trust. Those guidelines include the need for consumer protection and regulatory compliance. The company is also opening its digital-first card program to FinTechs and digital banks.

blockchain 101

blockchain Guidelines Fintech Fraud 101

PYMNTS

MARCH 11, 2019

According to a report in Fintech Futures , the idea behind the project is to use permission-based blockchain technology so credit unions can reach more members that don’t have access to financial services. The blockchain network will be offered to all credit unions around the world later this year, noted the report.

blockchain 160

blockchain Regulation Community Bank Regional 160

PYMNTS

OCTOBER 27, 2019

27), far-flung verticals such as healthcare and seafood supply chains – and even FinTech – can be united under a key principle: Trust. Those guidelines include the need for consumer protection and regulatory compliance. The company is also opening its digital-first card program to FinTechs and digital banks.

blockchain 100

blockchain Guidelines Fintech Fraud 100

CB Insights

AUGUST 3, 2017

Latin America’s fintech scene is gaining momentum, with 80+ fintech deals closing for around $300M in 2016, and over 100 deals already closed in 2017. Track the LatAm fintech companies in this brief and many more on our platform. Track LatAm fintech companies. LatAm Fintech. Digital Banking.

Company 65

Company Fintech Comparison Marketing 65

Payments Source

NOVEMBER 9, 2018

A new group aims to foster collaboration between fintechs and state and federal officials in the fight against crime — without hindering legitimate business innovation.

Fintech 63

Fintech Groups Innovation Digital Banking 63

PYMNTS

JUNE 28, 2018

Fraud is a Top Worry. A poll of attendees found that fraud stands as “the main compliance concern of 31 percent of delegates, closely followed by correspondent relationships (27 percent), and OFAC and sanctions (23 percent).”.

America 102

America Security Miami Conference 102

Insights on Business

NOVEMBER 20, 2017

In Europe, directives like PSD2 and Pan European (SEPA) Instant Payments scheme are introducing new dynamics that are driving intermediation and emergence of Fintechs. Being a truly digital bank is real. Banks are making the leap to becoming a digital bank – and, on the horizon, transforming to a cognitive bank.

Payments 79

Payments Guidelines Digital Banking Industry 79

Tech and Finance

JUNE 16, 2020

It provides secure access to hundreds of identity networks around the world to help meet compliance requirements, mitigate the risk of fraud, and increase trust and safety online. Its missions is to build a framework of trust that powers a trustworthy, safe and inclusive digital system that is not constrained by geographic borders.

Compliance 35

Compliance Fraud Regional Meeting 35

Gonzobanker

DECEMBER 17, 2021

A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. Best Fintech Acquisition by a Bank. Fintech Acquiring Bank.

Fintech 147

Fintech Strategy Leadership Lending 147

PYMNTS

SEPTEMBER 6, 2016

In the last four years, we’ve had the adoption of bitcoin, Samsung and Apple Pay and the explosion of FinTech,” said Jenkins. Payments security is no longer the passenger but the driver of a great experience for the bank, the payments enabler and the consumer. Then, there was sudden exponential growth in innovation.

Security 100

Security CA Payments Big Data 100

William Mills

FEBRUARY 9, 2016

The expectations of customers and how they interact with their banks are changing faster than at any time in my career. Mobile banking or even digital banking are too narrow terms to reflect the shift required of our industry.

Innovation 41

Innovation Compliance Fraud Data 41

PYMNTS

MAY 21, 2020

Open banking initiatives and bank-FinTech collaborations continue to expand in an effort to improve financial services offerings for small and medium-sized businesses (SMBs). Built on the bank-FinTech collaborative model, startup Treasury Prime recently announced a $9 million Series A funding round for its API technology.

Fintech 173

Fintech Compliance Risk Management Lending 173

Celent Banking

APRIL 18, 2016

Both of our guest speakers – Nadeem Shaikh, Co-Founder and CEO of Anthemis Group, and Leanne Kemp, Founder and CEO of Everledger – thrilled the audience and opened everyone's eyes to the opportunities presented by Fintech and Blockchain respectively, while our colleague Will Trout spoke eloquently about consumer-led convergence.

US 100

US Case Study Risk Management America 100

FICO

MAY 6, 2022

Following the highly successful The 11 Commandments of Digital Banking eBook , we are completing our series of 5 deeper dive blog posts that group the 11 Commandments below into common themes: Digital lift-and-shift is not a strategy! Read my post: 11 Commandments of Digital Banking: The Customer Journey.

Digital Banking 52

Digital Banking System Data Customer Experience 52

CB Insights

FEBRUARY 13, 2020

These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. In an interview at CB Insights’ 2019 Future of Fintech conference, CFO and CPO William Gaybrick indicated that businesses are more constrained by developer resources than by capital. Source: Finix.

Online 98

Online Company Retail Payments 98

Fintech Labs Insights

MARCH 13, 2017

Finovate Debuts: ICAR Builds a Digital Identify Profile for Client ID Verification. eWise partners with TSWG to drive digital banking innovation. OutsideIQ partners with SAP Ariba to help corporations quickly screen vendors for risk and regulatory compliance. Around the web.

Risk Management 15

Risk Management Compliance Capital Fraud 15

Gonzobanker

MAY 30, 2017

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.” Or the refinement of a compliance report. It’s everywhere.

Analytics 79

Analytics Data System social media 79

Fintech Labs Insights

JUNE 6, 2016

Fintech deals by size from May 7 to 13, 2016: Avant (AvantCredit UK). Digital bank. The post Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13 appeared first on Finovate. Tags: SMB, accounting, bookkeeping, expense reporting, compliance, fraud protection. billion, more than twice the $6.7

Company 12

Company Fintech San Francisco New York City 12

Celent Banking

MAY 20, 2016

(Left to right, Martin Pilecky, CIO Alfa-Bank; Gary McAlum, SVP Enterprise Security Group USAA; Joan McGowan, Senior Analyst Celent). ALFA-BANK: SETS THE STANDARDS FOR BASEL COMPLIANCE IN RUSSIA. USAA worked with Daon Inc.

Security 113

Security Fraud Case Study Risk Management 113

CB Insights

AUGUST 23, 2018

Learn about the playbooks of today’s top banks as they digitally re-position their consumer products. Today, JPMorgan (JPM) is using its capital and scale to build an entirely digital bank. JPM’s digital push, a theme it refers to as “Mobile First, Digital Everything,” is showing positive early results.

Cards 76

Cards Mobile Strategy Branding 76

PYMNTS

MARCH 12, 2019

Among the latest headlines swirling in FinTech: Digital bank Revolut, based in the United Kingdom, has taken on an adviser, along with filling new positions, to bolster compliance teams at the firm. The data can help these companies make informed decisions about money laundering and potential fraud risk.

Regulation 148

Regulation Fraud Examples Data 148

PYMNTS

FEBRUARY 17, 2020

They want the lowest friction possible,” she said of merchants, “but the highest levels of compliance possible.” And here, she said, banking as a service providers such as NovoPayment (serving FIs), through its relationship with Visa, and specifically Visa Token Services, can help issuers tokenize their cards.

America 250

America Cards Mobile Regional 250

William Mills

SEPTEMBER 9, 2016

An App Store for FinTech applications. I like the idea but I am a bit concerned about the potential for fraud from both companies and investors. Addresses compliance, fraud experience and customer experience analytics. Social media is a special challenge since social media was not created with compliance in mind.

social media 40

social media ATM Mobile Customer Experience 40

Gonzobanker

DECEMBER 19, 2022

In December, the founder and CEO of Crypto Exchange company FTX was arrested in the Bahamas (yah, don’t ask) and charged with fraud and conspiracy. In 2021, there were more than 120 fintech IPOs in the U.S., 2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought.

Community 216

Community Fintech Industry Innovation 216

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. Paul Murphy, founder of Murphy & Co.

Fintech 195

Fintech Community Regional Technology 195

Fintech Labs Insights

JULY 22, 2015

At the upcoming FinDEVr , 60 leading fintech companies will present their developer-friendly APIs, SDKs, and other solutions to an audience of financial builders and their technical colleagues. It’s the one place to gather tips and techniques from a wide cross section of fintech players in just two days, all at an affordable price.

San Francisco 12

San Francisco Video Fintech Data 12