Remove Customer Experience Remove Operations Remove Regulation Remove User Experience
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Payments Providers Combat The Conflict Between Security, User Experience

PYMNTS

Lior Cohen, senior director of cloud security products and solutions at cybersecurity firm Fortinet , recently told PYMNTS why the digitization initiatives many payment service providers undergo in the name of better customer experience can exacerbate security risks.

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How Opening Bank Data Can Transform SMB Lending

PYMNTS

with open banking now more than 2 years old, the financial services industry has discovered that unlocking data can have a significant impact on the satisfaction of SMB borrowers, even facilitating easier bank switching for SMBs in search of a better user experience. “The roadmap to regulation has been in place [in the U.K.]

Lending 233
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The top lending & credit risk blogs of the year

Abrigo

As 2023 winds down, community banks and credit unions have worked hard to attract new customers and members and retain existing ones by streamlining processes and improving the end-user experience. But the benefits of automation are a key part of the customer experience. Read the buyer's guide to lending solutions.

Lending 221
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As regulations and risk grow, IBM Watson expands further into RegTech

Insights on Business

In today’s global marketplace, financial services firms must grapple with competition, increasing regulation and market volatility while also maintaining profitability and growth in a world disrupted by emerging technologies and fintechs. One significant challenge lies in how firms manage risk. OpenPages 8.0 Financial Risk .

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Geolocation Puts A Pin In Anti-Fraud Solutions

PYMNTS

Certainly, the use and availability of cryptocurrencies is another emerging area that is contending with its own unique set of compliance issues, but it is also one Wingert said appears to be closing gaps in regulation. Can you really know your customer if you don’t know their location?”

Fraud 270
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How Banks Can Compete With FinTechs Under PSD2

PYMNTS

Zachariadis predicts banks may need to adopt revenue models like those of technology companies in the future, generating earnings by providing access and taking more advantage of their users’ data. In a recent interview with PYMNTS, he explained why FIs must change their operating procedures to remain competitive with FinTechs.

Fintech 122
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The growing interest in digital banks

Insights on Business

Recently, new digital technologies – driven by cloud, mobile, social media and analytics – have significantly lowered entry barriers and put customers much more at the center of the banking relationship. At the same time, regulators in many countries also have relaxed regulations to encourage innovation in the banking industry.