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After The Disruption: Alt-Banking Goes Straight, Chases Bad Guys

PYMNTS

As alt-banking matures and FinTechs mushroom, challenger banks are losing their cool “disruptor cred” and blending into the banking landscape. Their rebel veneer fading, challenger banks and FinTechs are learning the price of being just another part of the financial ecosystem. Not as cool.

San Diego 131
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Mitek Unveils Update For Mobile Banking Deposits

PYMNTS

The technology update “will help customers get access to funds securely and quickly,” the San Diego, California-based firm said, adding that the new release will give financial institutions (FIs) “even more control over” the mobile deposit feature. The goal is to streamline and automate the onboarding process.

Mobile 130
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How Axos Bank Uses Multilayered Filtering To Keep Bad Bots Out And Good Bots In

PYMNTS

The days of Jesse James or Baby Face Nelson kicking down doors and making off with giant bags emblazoned with dollar signs may be over, but prospective thieves are turning to digital fraud methods that can ultimately steal just as much money — and go on for months or years without being noticed. Digital Fraud Evolves and Adapts.

Fraud 141
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The Best Opportunities for Retail Banks to Improve Customer Experience

Cisco

Customers will inevitably face data breaches, identity theft, and fraud. In these moments of helplessness, banks must provide customers with the confidence that comes with secure, comprehensive network visibility and a plan for threat mitigation. The vulnerability customers experience in these moments cannot be underestimated.

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The Best Opportunities for Retail Banks to Improve Customer Experience

Cisco

Customers will inevitably face data breaches, identity theft, and fraud. In these moments of helplessness, banks must provide customers with the confidence that comes with secure, comprehensive network visibility and a plan for threat mitigation. The vulnerability customers experience in these moments cannot be underestimated.

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COVID Crime: What Is Money Muling, and How Can We Fight It?

FICO

But I decided to dig a little further by reaching out to my network of payments and fraud professionals on LinkedIn to get their opinion. These fast, vast changes in deposit limits and transaction behaviors create opportunities for criminals looking to introduce ill-gotten funds into the legitimate banking system through money muling.

Fraud 52
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The 2015 GonzoBanker Awards

Gonzobanker

A major move forward for Fiserv scaling DNA into banking and a major corporate transformation completed by Roy Whitehead and the WAFD team. That, coupled with snail-slow merchant adoption and the explosive growth of card not present purchases, means it will be a while before we see material fraud benefits from EMV. The result?