PYMNTS

OCTOBER 16, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies. According to a KPMG study , 63 percent of financial institutions use transaction monitoring based on rules and machine learning.

Compliance 123

Compliance Fraud Study Digital Banking 123

PYMNTS

OCTOBER 11, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies to launder approximately $2 trillion annually. Of course, if people prefer typing passwords, they can do that instead.”.

Strategy 123

Strategy Innovation Fraud Security 123

PYMNTS

JANUARY 9, 2019

While financial services (FinServ) innovations often emerge with built-in security measures, new market trends — including faster payments and open banking — are introducing new security threats to corporate treasury departments, according to cybersecurity company BioCatch. In the case of Same Day ACH in the U.S.,

Payments 141

Payments Fraud Security Data 141

PYMNTS

AUGUST 28, 2019

Financial technology has made enormous strides in recent years, though it has been largely used only by institutions that can afford it. One CU making waves in the digital scene is California Coast Credit Union (CCCU), a San Diego-based financial institution (FI) with 185,000 members and $2.6 Securing Their Customers From Fraud.

Analytics 115

Analytics San Diego Fraud Data 115

PYMNTS

OCTOBER 28, 2020

It is also why CO-OP is purposefully investing in its ecosystem of products and financial technology services that will help CUs close some of those digital and payments gaps he spoke of. Dragt said fraud alerts and card controls can help, as they put lots of power into members’ hands. Creating A More Confident CU Member.

Payments 151

Payments Fraud Innovation Tools 151

PYMNTS

MARCH 16, 2018

Established in June 2015 , the Secure Payments Task Force has engaged more than 200 financial institutions, consumer groups, payment service providers, financial technology firms, merchants, government agencies and others interested in payment security improvement efforts.

Security 100

Security Payments Boston Fraud 100

South State Correspondent

AUGUST 22, 2023

In this article, we detail the five steps to building a treasury management strategy, provide some tools to execute those steps, and then provide a complimentary survey to assess your strengths and weaknesses.

Management 195

Management Community Bank Survey Community 195

PYMNTS

JANUARY 15, 2021

Though remote working kicked off nearly a year ago, it's only in recent months that organizations have been able to consider how to implement digital tools to drive long-term efficiencies. Now that financial technology is available to businesses, chief financial officers (CFOs) have more options in their toolkits to take action.

Payments 183

Payments Data Tools System 183

PYMNTS

JANUARY 20, 2021

Manual invoicing is your worst enemy,” said Ramachandran, highlighting its risks and challenges related to fraud, errors and inefficient auditing. Moving forward, said Fitzmaurice, will require focusing on the tools that can strengthen transparency and drive corporates toward their strategic goals.

Data 314

Data Strategy System Operations 314

Gonzobanker

AUGUST 17, 2022

Plaid acquired ID verification and KYC/AML compliance platform Cognito Mitratech Holdings acquired compliance risk and vendor management solution Continuity Mitek acquired KYC onboarding and analysis solution HooYu Equifax acquired post-transaction fraud solution Midigator.

Fintech 184

Fintech Lending Software Compliance 184

PYMNTS

AUGUST 12, 2019

Other tools also matter — including artificial intelligence, machine learning and other forms of sophisticated data monitoring and analysis. Such tools not only help provide better defenses against fraud, but also serve to bolster the overall customer experience which includes predictions and personalized offers.

Payments 188

Payments Fintech US Innovation 188

FICO

JULY 9, 2021

In general, the latest software solutions are expensive and in many cases beyond the reach of organizations of this size, which is where a technology partner can help. These solutions provide great benefits once an account has been originated, however they lack effective tools for the acquisition stage of the lifecycle.

Regional 52

Regional Software Analytics Resources 52

PYMNTS

JUNE 12, 2017

Their 2017 survey contains data points that all point to one conclusion: Companies are forced to reshape their payment strategies thanks to a combination of factors, including the rising threat of payments fraud, increased globalization and high payment volumes. But how businesses reshape their payment practices varies.

Fintech 150

Fintech Survey Cards Payments 150

PYMNTS

DECEMBER 5, 2019

The latest evolution of commercial card technology, however, aims to position cards as a digital tool for accounts payable teams to make supplier payments. That’s a huge advantage for card rails versus other options such as ACH, where there are claw-back provisions, recent fraud and some breaches.”.

Cards 132

Cards Payments Technology Tools 132

PYMNTS

JUNE 20, 2016

Plaid’s APIs allow developers to build financial services applications by providing high-quality transaction data to bank accounts’ authentication tools and comprehensive analytics to reduce fraud. What would you say was the biggest hurdle you had to overcome prior to Plaid’s April 2015 launch?

Technology 101

Technology San Francisco Fintech Financial Technology 101

PYMNTS

JANUARY 24, 2018

government to explore the potential of blockchain, proving the Feds haven’t written the technology off. The China Banking Regulatory Commission (CBRC) reportedly published a paper last week that discusses the regulation of various financial technologies, including blockchain. It also follows a more serious initiative by the U.S.

blockchain 133

blockchain Fort Worth Bitcoin Regulation 133

CFPB Monitor

OCTOBER 11, 2018

earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion. Office, participated in a panel on data, privacy, and fraud prevention policy.

Policies 60

Policies Lending Data Online 60

PYMNTS

JANUARY 2, 2017

Research from Halifax Savings found most 18-to-24-year-olds want real-time tools to help them keep track of their finances. However, if you offer consumers the tools they want, they will use them. With Phase 2 of the faster payments transition looming, what other technologies could hold promise in the space? billion by 2020.

Retail 123

Retail Millennials blockchain Mobile 123

Tech and Finance

JUNE 14, 2018

I publish occasionally at the Articulate Communications blog on issues of financial technology, banking and associated public relations and marketing topics. They include such stunning news as John Hancock on mindfulness and a bit on risk analysis that survey 499 residents of Tianjin, China on how they view self-driving cars.

Survey 28

Survey Millennials Fraud Mobile 28

CB Insights

MAY 15, 2019

As fintech plays a larger role in the financial ecosystem, companies are looking for ways to use tech to solve problems and find new opportunities in the space. One popular approach: in-house financial innovation labs. Teams work in collaborative groups to develop new financial apps and tools. Founded: 2015.

Innovation 78

Innovation blockchain Technology Groups 78

William Mills

MAY 11, 2016

The tool helps people to do research and generate investment options. ^SR. This is a very sophisticated fraud detection technology! ^SR. Now showing custom, personalized customer video which I assume is using data analysis combined with automated video production tools. The tool is called Advisor Now. Stay tuned!

Video 40

Video Lending social media Analytics 40

Gonzobanker

DECEMBER 19, 2022

In December, the founder and CEO of Crypto Exchange company FTX was arrested in the Bahamas (yah, don’t ask) and charged with fraud and conspiracy. Steve McLaughlin from Financial Technology Partners’ Money 2020 party. In January, we were discussing crypto and the need to formulate customer crypto strategies.

Community 216

Community Fintech Industry Innovation 216

William Mills

SEPTEMBER 7, 2016

B2B marketplace – Professional procurement tool that is open to everyone. Provides you a tool where you can engage, acquire and grow customers. First step, add all financial information. Consumer has a complete view of the financial information. About to show use case on credit card fraud.

Mobile 40

Mobile Cards Fraud Data 40

Fintech Labs Insights

JUNE 18, 2015

We recently caught up with John Canfield, VP of Risk for WePay, to chat about how he combats fraud. It also provides regulatory and fraud risk protection. Finovate: How is WePay using machine learning to combat fraud? Finovate: What other techniques does WePay use to fight fraud? 2) A merchant account platform, Connect.

Security 12

Security Payments San Jose Fraud 12

Gonzobanker

DECEMBER 14, 2023

The John Lovitz “Yeah My Wife Morgan Fairchild Award” – goes to fellow pathological liar and now former OCC Chief Financial Technology Officer Prashant Bhardwaj. Another lesson that sometimes the most important assets in relationship banking can walk out the door. The Monty Python “Biggus Dickus” Award – goes to Sen.

Fintech 194

Fintech Community Regional Technology 194

William Mills

MAY 10, 2016

One use case is to use a bot, via text messaging, to help customers when they have potential credit card fraud. This is a tool that helps you to leverage stock research and stock picking tools. Certainly an interesting application, but I’m not sure what differentiates from any other team collaboration tool.

San Jose 40

San Jose Customer Experience Mobile social media 40

William Mills

MAY 11, 2016

This looks like a polling tool, to get quick client feedback, mostly about current events. The fact that this is an automated tool means it lacks authenticity. This is a simple tool to update all of your credit cards, usually in the aftermath of a card security breach. This is a very sophisticated fraud detection technology! ^SR.

Video 40

Video Mobile social media Analytics 40

Fintech Labs Insights

SEPTEMBER 1, 2015

ebankIT is an Omnichannel Banking software company that delivers the latest innovative solutions in financial technology. FINANTEQ started to transform mobile trends into financial technology before ‘era of iPhone’ and constantly provides innovations in mobile space. Dynamics, Inc.

Company 12

Company Software Analytics Mobile 12

Fintech Labs Insights

OCTOBER 3, 2016

Brought account aggregation and PFM tools to Australian Superannuation fund, QSuper. Integrated with Salesforce Financial Services Cloud. Added to KBW Nasdaq Financial Technology Index. Partnered with BitSight Technologies to enhance its Know Your Third Party platform. Unveiled its Risk Insight API.

San Francisco 18

San Francisco Taxes Lending Colorado 18

William Mills

MAY 9, 2018

What if improving security was rewarding for consumers and super simple to do – while the payments ecosystem saw reduced fraud and new revenue opportunities? Synapse Financial Technologies, [link] @synapsefi. SMB new account opening and engagement is WAY behind consumer banking tools. Presenters: Sankaet Pathak.

Security 40

Security Samsung Strategy San Jose 40