Fintech Labs Insights

OCTOBER 28, 2024

With the rise of digital banks (also known as neobanks, challenger banks, or fintechs), you now have more options. Or do you want to interact with state-of-the-art digital tools that might prevent all that mess in the first place? Or should you go hybrid with accounts of both types?

Conference 12

Conference Tools FDIC Digital Banking 12

PYMNTS

DECEMBER 14, 2018

Among those agencies, alphabetically speaking: the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the Financial Crimes Enforcement Network (FinCEN) and the National Credit Union Administration.

Compliance 148

Compliance Innovation FDIC Examples 148

Independent Banker

NOVEMBER 25, 2015

A mix of players, FinTech firms pose threats and opportunities. Call them disruptors, upstarts or the voguish FinTech companies. FinTech customers have no idea they are exposing themselves to identity and financial risk. Illustration by Getty images / Chris Ede. By Kelly Pike. Siphoning customers.

Community Bank 70

Community Bank Community Analytics Lending 70

CB Insights

JANUARY 5, 2021

Digital banks striving for greater financial inclusion within this demographic need to remain aware of stressors common among seniors, whether that be fraud, difficult digital experiences, or lack of human support entirely. Source: FDIC. For more, take a look at our State Of Fintech Q3’20 report. The unbanked/underbanked.

Digital Banking 98

Digital Banking US Online FDIC 98

Fintech Labs Insights

APRIL 20, 2023

That way if your funds are locked up for some reason, for example, a fraud attack, you have a backup source to meet short-term cash needs (payroll, accounts payable, etc). Not only does this provide up to $5M in FDIC insurance (20 x $250k), it means that one failure in its network won’t tie up a customer’s entire balance for even a few days.

How To 15

How To Training Tools Examples 15

CFPB Monitor

NOVEMBER 22, 2022

The report attributes the risk that such schemes will arise to bank/fintech relationships that “lack proper regulatory oversight or principles for responsible lending.”

Fintech 78

Fintech Report Data Lending 78

William Mills

SEPTEMBER 9, 2016

An App Store for FinTech applications. I like the idea but I am a bit concerned about the potential for fraud from both companies and investors. Addresses compliance, fraud experience and customer experience analytics. users fall victim to fraud.” Check back for new updates throughout the day. I need to learn more.

social media 40

social media ATM Mobile Customer Experience 40

CFPB Monitor

JULY 1, 2019

Other scores described in the petition include fraud scores, tenant scores, and employment scores, which are allegedly used to deny merchandise returns, housing, and jobs respectively. The petition does not raise the use of surveillance scores in credit underwriting decisions.

Analytics 84

Analytics FDIC Data California 84

FICO

JANUARY 9, 2017

The FDIC, Fed and OCC recently initiated the process for drafting new cybersecurity regulations for banks with assets exceeding $50 billion. fraud alerts) in accordance with the 1991 Telephone Consumer Protection Act (TCPA). 4 Payments Predictions for 2017 – Mobile, Fintechs and EMV (Still).

Regulation 40

Regulation Lending New York Leadership 40