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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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Core Unicorn Deals Rattling the Future of Financial Technology

Gonzobanker

The unicorns of core banking systems have been running wild the past few weeks, and these frothy deals signal a future shift in how executives should view the world of financial technology. These levels of revenue and EBITDA multiples have never been seen in the history of core banking platforms.

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CUs Work Together To Stay Ahead Of The Competition

PYMNTS

Their traditional banking rivals are now supplemented by young, agile FinTechs that advertise the most advanced technology and much greater efficiency than their legacy counterparts, meaning that CUs must lean into their strengths to get ahead. The other is the latest technology. There’s No “I” in CU. he explained.

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TRENDING: The Overdue Overhaul For Insurance Settlements

PYMNTS

Mutual insurance provider Shelter Insurance — based in Columbia, Missouri — unveiled plans to improve the notoriously slow claims payout process with the debut of a digital claims payment feature on its online and mobile offerings, in partnership with Commerce Bank. Deep Dive: Same-Day Insurance Claims.

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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.

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William Mills Agency Adds Mary Curtis, Angelo Jones, Alyssa Maker, Jacob Hamilton

William Mills

William Mills Agency , a premier financial public relations and content marketing services company, has hired Mary Curtis as senior account agent; Angelo Jones as account associate; Jacob Hamilton as account coordinator; and Alyssa Maker as digital marketing coordinator.

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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.