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First Bank Takes Two-Pronged Approach To Fighting Internal, External Fraud Threats

PYMNTS

The banking industry is still grappling with the pandemic’s unprecedented effects, including a broad digital shift across numerous sectors. This increased digital engagement can create challenges, however, as it opens up new avenues for fraud in addition to making transactions more convenient for customers.

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Taking A Customer-Centric Approach To Fighting Fraud

PYMNTS

Banks that send postal mail cannot expect speedy replies, for example, and consumers who use desktop computers to check their email cannot receive alerts while away from their computers. Modern technologies have removed many of these communication hurdles, however. These days, we all have a mobile device we all carry,” Wilson noted.

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Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Labs Insights

Payments technology. Blockchain technology . Healthcare & insurance technology. Digital bank. Bridge Financial Technology. Tags: SMB, payments, mobile, merchants, acquiring, security, credit/debit cards. Total raised: $41 million. HQ: Bangalore, India. Source: Crunchbase. Total raised: Unknown.

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Fintech Fundings: 26 Companies Raised $270 Million Week Ending May 6

Fintech Labs Insights

Two Finovate alums scored big rounds: Zooz raised $24 million for its payment technology. Digital banking company. Latest round: $40 million Debt (Silcon Valley Bank). Digital bank. Payments technology. Digital banking company. Louis, Missouri. Louis, Missouri. Varo Money.