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Affinity Federal Credit Union On The Importance Of Accelerating Digital Transformations

PYMNTS

The pandemic has fast-tracked that digitization, however, as concerns and restrictions have led members to reduce their branch visits and turn to contactless features to carry out their banking activities online. Headquarters Federal Credit Union, created to serve its employees. Prioritizing Upgrades.

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OnDeck’s ODX Digitizes Investors Bank SMB Lending Platform

PYMNTS

New Jersey-based financial institution Investors Bank has announced a collaboration with online small business lending firm OnDeck to digitize its own small to medium-sized business (SMB) lending operations. Funds can be disbursed into their Investors Bank account within minutes.

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Location Detection: Building The Bank Business Case For Better Geolocation Data

PYMNTS

It came as a surprise to us when some of our customers explained that when they used us in the territories where geolocation compliance product was necessary – New Jersey or Pennsylvania, compared to European markets or Canada, where it wasn’t required at all – the fraud rate went from about 3 percent of purchases to 0.2

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Now is a prime time for digital account opening

Independent Banker

When they can’t—or simply don’t want to—come to a branch, being able to open an account digitally is important, and increasingly in demand. customers expect to increase their use of digital banking channels once the COVID-19 crisis passes. Miller is a writer in New Jersey. Keep vigilant. Tiffany Lukk.

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BNY Mellon’s AI-Based Fraud Detection Initiative

PYMNTS

Fighting bad actors is particularly challenging for those in the banking industry, which lost more than $31 billion to fraud in 2018 and is projected to lose even more as cybercriminals become more sophisticated. Faster payments have also contributed, as banks now have less time to identify fraudulent transactions. “But

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Popular Bank Appoints Director of Wealth Management

PopularBank

Joe’s valuable and robust experience in the wealth management space and proven track record driving success will accelerate the evolution of our investments business and secure its position as one that is best-in-class among peers. Find out more about Popular Bank’s commitment to community service at PopularBank.com/About-us/.

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Popular Bank Implements Branch Realignment in the New York Metro Region to Enhance Focus on Communities and Small Business Support

PopularBank

Popular Bank will maintain a presence in most of its current communities, with 27 branches located throughout New York in Brooklyn, Bronx, Manhattan, and Queens, as well as in northern New Jersey. Of the 11 branches closing, eight are within two miles of another Popular Bank branch.