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

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

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. Looking At Digital IDs — And Friction.

Payments 172

Payments Fraud Security Technology 172

PYMNTS

JULY 7, 2020

Due diligence is expected to begin shortly, in virtual data rooms, Jaffe added. On Monday, Wirecard executive Oliver Bellenhaus, 46, was arrested in Munich for his alleged central role in the massive worldwide fraud case enveloping the company. That’s only 10 percent of the total creditors are owed, the report said.

Fraud 191

Fraud Financial Technology Meeting Report 191

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. AML Strategies and Innovation Quirks.

Strategy 123

Strategy Innovation Fraud Security 123

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

AUGUST 28, 2019

Financial technology has made enormous strides in recent years, though it has been largely used only by institutions that can afford it. CCCU used a tool called Informatica to algorithmically cleanse and standardize Symitar’s data so each member has a unique identifier. Using the Member-Focused System for Data Analytics .

Analytics 115

Analytics San Diego Fraud Data 115

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 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

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

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

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

Insights on Business

DECEMBER 27, 2017

You would be hard-pressed to find tech industry jargon spoken and written about as much as the secure ledger technology known as blockchain. While it is currently revolutionizing a number of industries , blockchain might as well be the word of the year in technology. The future of financial services: The cognitive bank”.

Fintech 129

Fintech blockchain Fraud United States 129

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

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

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

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

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. Maura K Schoonmaker, IBM Program Director, System z Banking and Financial Markets. 10:45-11:30 AM.

Fraud 117

Fraud Customer Experience Analytics blockchain 117

PYMNTS

OCTOBER 28, 2020

In other words, payments are the pathway into CU members’ daily financial interactions, and thus the path to becoming customers’ primary financial relationship. 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.

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. Digital Engagement Had Great Attendance and Extracurriculars. Payments: Still Hot for Teacher (Wait, Song or Not, Can We Still Say That?).

Fintech 184

Fintech Lending Software Compliance 184

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

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

PYMNTS

OCTOBER 4, 2019

Recent developments not only back up his point, but demonstrate how much energy the M&A effort has in the world of payments, as more consumers around the world turn to digital and mobile channels — and come to expect speedier, more secure transactions and experiences. It’s not about smaller ones gobbling up bigger [players]. “The

Payments 176

Payments Cards Trends Fintech 176

PYMNTS

MAY 18, 2016

As President of Trulioo, Jon Jones is passionate about protecting consumers and businesses from all facets of fraud and subsequent loss — but he doesn’t believe that doing so effectively has to come at the expense of technological innovation. PYMNTS: What is oftentimes overlooked by decision-makers in your space regarding data?

Innovation 100

Innovation Technology Regulation Fraud 100

PYMNTS

MAY 28, 2019

The company recently filed paperwork with the Securities & Exchange Commission (SEC) to go public on the New York Stock Exchange. billion – of funds were lost to card fraud in 2018, up from $1.4 The FBI’s Internet Crime Complaint Center (IC3) said in a report, for instance, that online fraud, theft and exploitation led to $2.7

Apple 159

Apple Mobile Fraud Branding 159

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

JANUARY 24, 2018

It seems governments are a bit more open to distributed ledger technology (DLT), though that doesn’t mean blockchain companies get a free pass with regulators. I have instructed the SEC staff to be on high alert for approaches to ICOs that may be contrary to the spirit of our securities laws and the professional obligations of the U.S.

blockchain 133

blockchain Fort Worth Bitcoin Regulation 133

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

PYMNTS

FEBRUARY 3, 2017

So what’s the best way to effectively utilize that data? For government institutions, perhaps the answer lies in the ability to share information in a secure fashion between individuals and institutions. On blockchains, data can be shared widely, seamlessly and, when needed, anonymously.

blockchain 100

blockchain Technology Study Policies 100

FICO

SEPTEMBER 30, 2022

Cortnie Abercrombie is a world recognized expert in AI and data analytics and has been named in media articles as one of “12 Brilliant Women in Artificial Intelligence & Ethics to Watch,” one of the “Top 100 Innovators in Data and Analytics,” and one of “10 Big Data Experts to Know.” Nikhil Behl.

Meeting 52

Meeting Analytics Management Strategy 52

NCR

AUGUST 29, 2017

The transaction is authenticated using fingerprint recognition, combining maximum security with consumer convenience , according to Barclays. One of the potential advantages of this technology is making person-to-person payments easier for people with additional needs.

Payments 51

Payments ATM Apple Mobile 51

PYMNTS

JANUARY 2, 2017

The spring brought coverage of mobile advertising and payments on the go at food trucks as small, smart device-powered businesses, and in the fall, we looked at the biggest trends in digital security at the annual Money20/20 Conference in Las Vegas. DIGITAL IDENTITY TRACKER. In short, biometrics are here to stay,” McDowell told PYMNTS.

Retail 123

Retail Millennials blockchain Mobile 123

William Mills

FEBRUARY 7, 2017

Key trends in this year’s report include the continued evolution of payments technology, increased adoption of self-service and innovative branch automation technology, and further enhancements to mobile banking – all converging as part of an overlying strategy to improve the customer experience. Download the full report here.

Report 40

Report social media Customer Experience Industry 40

NCR

FEBRUARY 7, 2017

New fraud threats. With new technologies and consumer behaviors come new fraud threats. Mitigating against risk and ensuring secure and reliable customer access funds will rightly remain of paramount importance. What happens if a customer’s biometric data is stolen or compromised, for example? In summary.

Trends 40

Trends ATM Fraud Course 40

Insights on Business

SEPTEMBER 21, 2018

As a leader in the financial services industry and at the forefront of payments, mobile, commerce and financial technology, IBM will convene a terrific team of financial services experts and partners for a variety of activities at this year’s Money20/20 conference. The Future of Payment Fraud Prevention.

Conference 115

Conference Customer Experience Industry Trends 115

Independent Banker

OCTOBER 29, 2014

Meanwhile, a number of other financial technology firms received major funding and rolled out new alliances and products. Epperson, technology consultant. Banks still hold a trust advantage when it comes to safeguarding personal data and using data in the best interests of their customers,” agrees Teresa A.

Mobile 105

Mobile Community Bank Community Technology 105

Fintech Labs Insights

JUNE 18, 2015

As a payments platform, WePay conducts business in a battlefield of daily security concerns. We recently caught up with John Canfield, VP of Risk for WePay, to chat about how he combats fraud. It also provides regulatory and fraud risk protection. Finovate: How is WePay using machine learning to combat fraud?

Security 12

Security Payments San Jose Fraud 12