PYMNTS

FEBRUARY 19, 2020

It’s not speed that’s driving corporates’ real-time payment roadmaps, however – convenience and data availability are at the top of their list of benefits. “Companies are beginning to understand the connection between payment flows and data flows,” he told Karen Webster in a recent discussion.

Payments 287

Payments Fraud Survey Fintech 287

PYMNTS

JUNE 23, 2020

The 50-year-old executive faces charges of accounting fraud and market manipulation designed to artificially inflate the financial technology company’s balance sheet to make it look more appealing to investors and customers, the Financial Times reported. It processes payments and sells data analytics services.

Fraud 318

Fraud Analytics Report Financial Technology 318

PYMNTS

OCTOBER 22, 2020

A major provider of financial technology to banks, Mitek Systems said its digital identity verification software will now incorporate near-field communication (NFC) technology as well. Mitek, a top developer of digital identity verification and mobile check deposit technology, announced on Thursday (Oct.

Technology 134

Technology Comparison Security Customer Experience 134

PYMNTS

JANUARY 9, 2019

While financial services (FinServ) innovations often emerge with built-in security measures, new market trends — including faster payments and open banking — are introducing new security threats to corporate treasury departments, according to cybersecurity company BioCatch. In the case of Same Day ACH in the U.S.,

Payments 141

Payments Fraud Security Data 141

PYMNTS

APRIL 1, 2020

These CUs must also make sure that introducing new features does not offer up any openings to the many opportunistic fraudsters looking to swipe precious data and financial information. percent reporting in the PYMNTS Credit Union Innovation Index that they would switch financial institutions (FIs) due to a lack of innovation.

United States 181

United States Innovation Online Tools 181

PYMNTS

JUNE 30, 2020

PSCU has transformed its business model and evolved from a transactional processor and reseller of a platform partner’s products to an integrated, value-add financial technology solution provider, and we look forward to delivering the benefits of this scale to Primax clients,” he said, according to the press release.

Cards 130

Cards Financial Technology Analytics Operations 130

PYMNTS

OCTOBER 16, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies. According to a KPMG study , 63 percent of financial institutions use transaction monitoring based on rules and machine learning.

Compliance 123

Compliance Fraud Study Digital Banking 123

PYMNTS

MAY 22, 2019

Wirecard, the global digital financial technology company, announced on Wednesday (May 22) that it has partnered with India’s government-owned UTI Infrastructure Technology and Services Limited (UTIITSL) to facilitate the issuing of physical and digital taxpayer identification cards.

Cards 122

Cards Taxes Fraud Technology 122

PYMNTS

JUNE 1, 2020

In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, banking and financial technology discussed one sure bet: “Digital optional” is no option as we move toward contactless commerce. So, there is a balance that needs to be struck.”.

Payments 172

Payments Fraud Security Technology 172

CFPB Monitor

NOVEMBER 22, 2022

Unlike the CFPB which has often given more emphasis to the potential consumer risks of financial technology-related advancements than the potential consumer benefits, the Treasury report takes a more even-handed approach. The CFPB should consider whether and how it might supervise data aggregators.

Fintech 78

Fintech Report Data Lending 78

PYMNTS

JUNE 23, 2020

In today’s top news, former Wirecard CEO Markus Braun was arrested Monday night over the firm’s recent accounting fraud scandal, and Airbnb’s CEO is again mulling a potential initial public offering (IPO). NEW DATA: How Credit Unions Are Innovating To Help Micro Businesses. Plus, Amazon’s Big Style Sale runs this week.

Payments 159

Payments Survey Innovation Fraud 159

CFPB Monitor

OCTOBER 11, 2018

earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion. Office, participated in a panel on data, privacy, and fraud prevention policy.

Policies 60

Policies Lending Data Online 60

PYMNTS

AUGUST 28, 2019

As the site reported, the plan states that stronger FinTech risk controls should be in place, and adds that FinTech can help improve the quality of financial services through the country. Fujitsu has noted that there has been a shortage of data specialists that can provide credit analysis in the country.

Fintech 172

Fintech Analysis Guidelines Data 172

PYMNTS

OCTOBER 11, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies to launder approximately $2 trillion annually.

Strategy 123

Strategy Innovation Fraud Security 123

PYMNTS

MARCH 16, 2018

Established in June 2015 , the Secure Payments Task Force has engaged more than 200 financial institutions, consumer groups, payment service providers, financial technology firms, merchants, government agencies and others interested in payment security improvement efforts.

Security 100

Security Payments Boston Fraud 100

PYMNTS

JULY 10, 2020

Speaking with PYMNTS, Muller highlighted the opportunity that the cannabis space has to adopt payments and other financial technologies that have leapfrogged over legacy solutions. According to Muller, data is often at the heart of this issue.

Innovation 210

Innovation Payments Tools Compliance 210

PYMNTS

NOVEMBER 14, 2018

The machine learning aspect will be used in an effort to uncover fraud. The auditor] also confirmed that data has been encrypted, that no other data has been stored and that all data is up to date.” Blockchain will bring data security and credibility to trade finance processes, said eCommerceDailyNews.

Taxes 141

Taxes blockchain Data Report 141

Insights on Business

DECEMBER 27, 2017

On the back end, banks are processing structured and unstructured data and turning that into actionable intelligence for customer acquisition and retention, while using the same data for modernized fraud prevention and detection. Mobile and peer-to-peer payments are not new for 2017. Banking the unbanked in India”.

Fintech 129

Fintech blockchain Fraud United States 129

South State Correspondent

AUGUST 22, 2023

The current Holy Grail of the industry is to provide clients with six to 12 months of an accurate forecast driven by improved data quality and effective machine-learned tools. In this manner, costs will be reduced for everyone, satisfaction will increase, and balances will go up because of higher transaction volume.

Management 195

Management Community Bank Survey Community 195

Abrigo

MAY 5, 2022

Banking Transformed Banking Transformed by the Financial Brand’s Jim Marous has new episodes several times a month and features executives from financial institutions, financial technology firms, authors, consultants, and other experts in the banking industry. Financial Businesses. Fraud Prevention.

Community 195

Community Lending Maine Resources 195

PYMNTS

FEBRUARY 25, 2019

As fraudsters get more brazen and inventive in the digital information ecosystem, many companies are realizing they can’t thwart these bad actors on their own, and must instead turn to new partnerships in their fight against fraud. A recent partnership in India aims to add further biometric security to the nation’s Aadhaar system.

Wyoming 134

Wyoming Idaho Maryland Colorado 134

Let's Talk Payments

JUNE 21, 2016

Plaid, a financial technology platform, raised $44 million in the Series B funding round led by. Among the overwhelming number of news one encounters every Monday, one caught our attention.

Data 75

Data Fintech Financial Technology Technology 75

Insights on Business

OCTOBER 16, 2018

The IBM team will present on a variety of topics ranging from AI to the future of payments to the current trends in financial services. For those in marketing, data and analytics roles who have business operations responsibility. The future of payment fraud prevention. Digital trust in financial services. 10:45-11:30 AM.

Fraud 117

Fraud Customer Experience Analytics blockchain 117

PYMNTS

OCTOBER 28, 2020

It’s pushing CUs to build out their innovation roadmaps based on the data they have about what their members want, need and are seeking. It is also why CO-OP is purposefully investing in its ecosystem of products and financial technology services that will help CUs close some of those digital and payments gaps he spoke of.

Payments 151

Payments Fraud Innovation Tools 151

Gonzobanker

AUGUST 17, 2022

Digital banking provider Alkami acquired data analysis and marketing campaign management provider Segmint Digital banking and payments provider Bottomline was acquired by Thoma Bravo for $2.6B. Keep an eye on the initial banks working on these projects. Digital Engagement Had Great Attendance and Extracurriculars.

Fintech 195

Fintech Lending Software Compliance 195

PYMNTS

OCTOBER 4, 2019

In July, for example, Fiserv announced that it had completed its acquisition of First Data. The two massive firms first inked the deal earlier this year, which had Fiserv buying First Data for $22 billion in an all-stock transaction. It’s not about smaller ones gobbling up bigger [players]. “The

Payments 176

Payments Cards Trends Fintech 176

CFPB Monitor

JULY 25, 2019

The Research and Innovation Division is tasked with keeping pace with changes in financial technology and developing a long-term plan for NYDFS’s regulatory efforts in the emerging industry. Lacewell’s remarks and the establishment of the new Division come as no surprise.

Innovation 60

Innovation Fintech New York Policies 60

PYMNTS

MAY 28, 2019

Indonesian ride-hailing and online payment company GO-JEK , for instance, is expanding its financial technology services through partnerships with peer-to-peer (P2P) lending firms Dana Cita, Aktivaku and Findaya. billion – of funds were lost to card fraud in 2018, up from $1.4 Just under $3 billion – or $2.7 billion in 2017.

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

JUNE 20, 2016

Plaid’s APIs allow developers to build financial services applications by providing high-quality transaction data to bank accounts’ authentication tools and comprehensive analytics to reduce fraud. We are excited to partner with Plaid and support the business as it continues to enable financial innovation.”.

Technology 101

Technology San Francisco Fintech Financial Technology 101

FICO

DECEMBER 8, 2020

Every year, the financial technology industry eagerly awaits the Chartis Research RiskTech100. This prestigious ranking of the top 100 players in risk technology is determined by Chartis Research , the leading provider of research and analysis on the global market for risk and finance technology. What an honor!

Innovation 52

Innovation Fraud Maine Analysis 52

CFPB Monitor

FEBRUARY 13, 2017

Big data report. In January 2016, the FTC issued a report warning that certain uses of big data consisting of consumer information may implicate various federal consumer protection laws. In June 2016, the FTC launched a series of forums exploring emerging financial technology and its implications for consumers.

Report 68

Report Big Data Lending Survey 68

PYMNTS

APRIL 3, 2018

How to bring mobile banking to the realm of the spoken word – beyond the mere recitation of account data, beyond call and response? It’s about juggling bills, planning, investing, saving and, in this day and age, guarding against fraud. Banking is, of course, about more than account balances.

Mobile 124

Mobile Fraud New Mexico Examples 124

PYMNTS

OCTOBER 30, 2018

As a refresher, and as has been seen by PYMNTS, it should be noted that the data is available for AI platforms to adopt and adapt, to bring robo-advisors to consumers, along with the “wow” factor of anticipating what users want and need. The security? Context In Context. Adjaoute gave an example.

Technology 161

Technology Maine Apple Data 161

Jack Henry

SEPTEMBER 6, 2019

As we move further into the economic cycle and a period of slower growth, it will become necessary for financial institutions to more closely monitor the condition of their business clients as well as their primary sources of repayment.

Big Data 60

Big Data Analysis Financial Technology Data 60

Independent Banker

OCTOBER 31, 2022

First, with AI’s ability to mimic human intelligence, community banks can quickly process huge amounts of data to ease customer friction. That’s because AI iteratively improves itself based on the information it collects, with computer systems processing data and learning patterns through advanced algorithms.

Community Bank 91

Community Bank Community Customer Experience Data 91

PYMNTS

JUNE 12, 2017

Strategic Treasurer and Bottomline Technologies recently published a joint report on the B2B payments landscape: B2B payments + WCM Strategies. PYMNTS dives into the report to examine the biggest data points. But how businesses reshape their payment practices varies. Globalization. Moving Forward.

Fintech 150

Fintech Survey Cards Payments 150

PYMNTS

DECEMBER 5, 2019

Particularly as enterprise digitization progresses, payment data will become ever more important to reconciliation and accounting, and as Leavitt explained, ACH and checks cannot always provide the volume and quality of remittance data that cards can. Delivering What Was Promised.

Cards 132

Cards Payments Technology Tools 132