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Deep Dive: How Banks Are Innovating AML Strategies In The Face of Global Fraud

PYMNTS

Money laundering and similar forms of fraud have become more concerning for FIs as reports of cybercrime circulate globally. Recent scandals involving Deutsche Bank and Swedbank have made consumers reconsider their trust in FIs, many of which are scrambling to keep fraudsters out and bring consumers back. financial regulations work.

Strategy 109
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Compliance In The Clouds: How The Pandemic Is Affecting Banks' Cloud-Native Futures

PYMNTS

Banks in the EU have been racing to comply with the General Data Protection Regulation ( GDPR ) and the revised Payment Services Directive ( PSD2 ) since both measures were enacted in 2018. at least for Germany and Europe, the regulation is well-defined [for banks],” Schmidt said. Coming back to ‘What is the compliance aspect?’

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Mastercard And Ethoca Help Merchants, Issuers Improve Online Transaction Clarity

PYMNTS

This can lead to consumers contacting their banks, which could incur costs and waste time with unnecessary chargebacks. Mastercard, through its collaborative fraud and dispute resolution technology Ethoca , will now offer a new version of online statements with added logos and clear business names for each transaction.

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Today In Payments: DOJ Antitrust Case Against Google To Focus On Search; GoodRx IPO Shares Sell Above Target

PYMNTS

Many banks are turning to video-based onboarding procedures and artificial intelligence (AI) to counter the threat of identity fraud, but those technologies have their own blind spots when deployed alone, says Sameer Shetty, head of digital banking at Axis Bank. Online Gaming’s Winning Payouts Plan.

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Digital Banking: Integrate Your Data, Systems, and Processes

FICO

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.

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Wells Fargo: First Impressions Are Key When It Comes To Digital Onboarding

PYMNTS

Digital banking has become the new normal as social distancing guidelines and stay-at-home orders have drastically curbed financial institutions’ (FIs’) abilities to conduct in-branch services. Online account openings increased by more than 200 percent in April, while all mobile banking traffic rose by 85 percent.

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Deep Dive: Preventing Financial Crime Amid The COVID-19 Pandemic

PYMNTS

The ongoing COVID-19 pandemic is significantly affecting everyday life, with more than one-third of the world’s population subject to social distancing guidelines, stay-at-home orders or other regulations to prevent the virus’s spread. The risk of infection is not bank customers’ only concern during the outbreak, however.

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