PYMNTS

SEPTEMBER 19, 2019

This has become a larger problem for FIs as they must not only deal with protecting customers from fraud, but also guard against bad actors armed with 4.1 Account opening fraud is a favorite tactic among such cybercriminals, many of whom rely on these credentials to pose as legitimate customers. billion stolen credentials.

Fraud 144

Fraud Data Mobile Tools 144

PYMNTS

JANUARY 23, 2020

The January AML/KYC Tracker examines 5AMLD’s significance, as well as other efforts to thwart the fraud attempts challenging the financial sector. Mobile wallet users of India-based FinTech Paytm were recently targeted by scams in which fraudsters falsely claimed that the customers needed to resolve KYC problems. About The Tracker.

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PYMNTS

OCTOBER 18, 2018

How Banks Are Weaponizing Data To Fight Fraud. However, while these banking players are looking to cater to customer demand, the migration to digital banking could be making them more susceptible to fraud. To read the full story, download this month’s edition of the Digital Banking Tracker. . About the Tracker.

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PYMNTS

DECEMBER 13, 2018

In a way, the world has entered a new era of fraud (and fraud prevention). He described the current era as “Fraud 3.0.”. basically ran from the birth of Amazon to perhaps 2005 or so, when the verification of online shoppers’ physical addresses was a main feature of digital fraud prevention.

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PYMNTS

DECEMBER 12, 2018

Financial institutions are in the midst of becoming more mobile, with many of those legacy operations opting to — or at least considering — working more closely with FinTech providers to upgrade services, retain customers and acquire new ones. The debut of 5G promises to add another tool that can aid such efforts. Digital Demand.

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Fintech Mobile Analysis Technology 211

Insights on Business

DECEMBER 27, 2017

As we wrap up an unpredictable and sometimes tumultuous year in both the fintech industry and the world, we’re looking back at the last 12 months of IBM FinTech blogs to pick out some of the more popular and insightful posts of 2017. Some even say that blockchain will be the most influential FinTech technology of 2018.

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Fintech blockchain Fraud United States 129

PYMNTS

MAY 22, 2019

Faced with a growing number of transactions to process in real time, payment service providers (PSPs), financial institutions (FIs) and FinTech firms also need to make sure the security of these smarter payment systems is up to par.

Fraud 180

Fraud Payments Regulation Security 180

PYMNTS

NOVEMBER 19, 2019

The fact that fraud is on the rise is not new, nor is it surprising that banks are turning to artificial intelligence (AI) and machine learning to fight back. In the latest Digital Banking Tracker , PYMNTS looks at how banks are currently approaching their use of AI and machine learning in fraud protection and technology innovation.

Fraud 109

Fraud Digital Banking Innovation Data 109

Insights on Business

NOVEMBER 22, 2017

The same technology that has helped change the world of payments has also fueled fraud complexity, requiring an increasingly sophisticated anti-fraud response – payments fraud has become a €20Bn ($23Bn) worldwide problem for financial institutions while the fraud detection and prevention market will be worth €28.49Bn ($33.19Bn) by 2021 [1].

Fraud 125

Fraud Payments Innovation Industry 125

PYMNTS

SEPTEMBER 23, 2020

Financial crime is a pervasive threat to banks, credit unions, FinTechs and other financial institutions (FIs) the world over. A recent study from PwC found that 47 percent of companies had experienced fraud at least once in the past two years, with a grand total of $42 billion in funds stolen over this period of time. billion in 2019.

Technology 208

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PYMNTS

AUGUST 21, 2020

New Report: How Behavioral Analytics Help FIs Block Fraud at the ITM. Jim Cunha, senior vice president of secure payments and FinTech at the Federal Reserve Bank of Boston, tells Karen Webster why the Fed is working with MIT to explore digital dollars. The Main Street Rescue That Wasn’t (And Still Isn’t).

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cryptocurrency Maine Boston Analytics 159

PYMNTS

JULY 9, 2020

It will enable real-time spend tracking, new pre-approvals of expenses not found in traditional employee expensing, and enhanced fraud controls, according to the release. And companies will be able to handle virtual and physical card issuing from one platform.

Cards 229

Cards Resources Trends Leadership 229

PYMNTS

AUGUST 15, 2018

Businesses in nearly every industry need to worry about risks, especially when it comes to fraud and security. based Tandem Bank , is hoping to use AI to help consumers guard against frictions, such as fraud or unexpected hikes in bills. billion in emerging technologies, hoping to combat cybercrime and stop fraudsters in their tracks.

Fraud 103

Fraud Report US Digital Banking 103

PYMNTS

FEBRUARY 18, 2020

South Asia is the fastest-growing market in FinTech and eCommerce, according to Credify. The area is projected to be a $72 billion market for FinTech in 2020, at an CAGR of 72.5 The region also experiences some of the highest fraud rates, in both finance and eCommerce. An average of 1.6 An average of 1.6

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Insights on Business

MAY 15, 2019

They all have recently deployed or will soon be deploying the IBM Safer Payments fraud prevention solution on their preferred cloud infrastructure – IBM Cloud, Amazon Web Services (AWS) and Microsoft Azure, respectively. Fraud solution built for the cloud(s). What do a large Australian bank, a leading U.S.

Fraud 110

Fraud Resources Software Payments 110

Abrigo

MAY 5, 2022

Main Street Banking: A Podcast for Community Bankers 8. Breaking Banks Breaking Banks , billed as the #1 global fintech podcast and radio show, began in 2013 and is hosted by media firm Provoke.fm. Fraud Prevention. A quick look at top banking podcasts worth a listen, according to Abrigo : 1. Banking Transformed 2. BankTalk 3.

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South State Correspondent

SEPTEMBER 13, 2023

Most banks ignore instant payments or are still worried about fraud and research. 33% are still made via check that contains more than $8B of fraud per year. Check fraud is up some 84% and is only going to go up. What bank will want to be stuck processing few and fewer checks, also having to stomach the increasing fraud?

Payments 221

Payments Fraud Data Taxes 221

Celent Banking

JANUARY 28, 2016

Earlier this week, I was kindly invited to join the panel on “what’s hot in Fintech” at Citi’s Digital Money Symposium, and it was one of the central questions we debated as a group. My colleague Stephen Greer has also discussed Bank-Fintech relationships on these very pages, for example, see here and here.

Fintech 100

Fintech Innovation Retail Payments 100

FICO

AUGUST 24, 2021

As a fraud professional, you may feel as though your organization walks a tightrope, balancing minimal customer friction with maximum risk mitigation. Through the lens of the customer journey, we may need to combine a fraud decision and an authentication decision, or identity proofing and KYC compliance decisions. Adam: Exactly.

Fraud 52

Fraud Tools Compliance ATM 52

PYMNTS

OCTOBER 29, 2019

In the October Credit Union Tracker , PYMNTS explores the latest in the world of CUs, including friction between CUs and banks, partnerships with third-party FinTech providers, and the use of artificial intelligence (AI) and data analytics to keep CU technology on the bleeding edge. Developments From Around The Credit Union World.

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Data Maine Analytics Case Study 103

PYMNTS

DECEMBER 20, 2019

We have a deep, data-supported dive on fighting fraud with artificial intelligence (AI), an outlook on seven 2020 trendlines and news on gas station cyberattacks. FinTech firms have reportedly been accusing banks of preventing access to the financial data of end-users. Priceline Uses AI To Help Fight Fraud.

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Fraud Trends Payments Retail 100

PYMNTS

MARCH 28, 2019

The inaugural edition — based on input from 3,813 consumers, 102 CU executives and 49 FinTech executives — examines over 190 data points on how CUs pursue innovations related to data security, fraud and anti-money laundering. percent of CU executives base ROI on reducing data security and fraud risks. For example, 49.1

Fraud 139

Fraud Innovation Fintech Security 139

PYMNTS

JUNE 3, 2020

These APIs are constantly threatened by fraud, however. A new solution from Singapore-based Aspire , in partnership with credit card giant Visa and FinTech Nium, aims to simplify these verifications by providing cash flow monitoring and expense tracking services.

Payments 188

Payments Fraud Security Data 188

PYMNTS

JUNE 4, 2020

Financial institutions (FIs) are working during the pandemic to provide speedy digital services while fighting off the rise in fraud attempts. One company that provides fraud-fighting solutions to FIs recently began offering voice-based authentication to help banks verify customers based on their vocal pitches and rhythms.

Report 158

Report Fraud Security Fintech 158

PYMNTS

JANUARY 3, 2020

With a robust community of technological innovators, and a drive toward the digital economy, India currently stands as an exciting market in FinTech. According to Mittal, there are three main factors that small businesses in India need to succeed: a “strong network, access to finance and simplified business support functions.”

Fintech 120

Fintech blockchain Data Capital 120

PYMNTS

JANUARY 31, 2019

Instead, a deeper understanding of fraud — down to its genetic outline — is needed to be truly effective in fighting it. Fighting fraud is often a group effort, as can be seen in several global markets. In the UAE, for instance, a group of banks recently banded together to crack down on acts of check-related fraud.

System 197

System Fraud Digital Banking Groups 197

Chris Skinner

MAY 14, 2017

This week’s main blog headlines are … The legacy clock is ticking Further to my recent trip to Pakistan Business Recorder (their version of The Financial Times) interviewed me in depth about what is happening in FinTech. I’m very sceptical about competition in banking because I’ve been waiting for it to happen for too long.

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PYMNTS

MAY 3, 2016

Over the weekend, CBS brought FinTech to prime time during a segment of its “60 Minutes” broadcast on Sunday (May 1). Lesley Stahl, who hosted the segment, used Stripe as an example of how FinTech is transforming payments and, in particular, how they simplify the process new merchants face when attempting to accept payments online.

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Fintech Online Payments Fraud 100

PYMNTS

APRIL 1, 2019

At the end of the day, he noted, trust is the critical element at credit unions, and the main differentiator between credit union customers and other banking customers. And that thirst for innovation, Lynch noted, creates fertile ground for credit unions and FinTechs to work as collaborators going forward, though with caution.

Innovation 141

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PYMNTS

JANUARY 21, 2021

Financial institutions (FIs), FinTechs and other businesses that are looking to enable these rapid payments must therefore ensure that their security and fraud-fighting approaches are up to the challenge. The Deep Dive examines the various fraud schemes threatening these apps as well as how providers are working to strike back.

Fraud 231

Fraud Security Payments United States 231

PYMNTS

JUNE 9, 2020

As much as 22 percent of consumers have now been targeted by COVID-19 digital fraud scams, driving a mounting need for new ways to mitigate digital fraud risks. Other companies are adopting biometric identity verification solutions from third-party FinTechs.

Online 195

Online Report Compliance Fraud 195

PYMNTS

JUNE 25, 2020

Digital fraud and cybercrime are constant worries for financial institutions (FIs) of all sizes, with these businesses seeing an average of 30 cyberattacks per hour in 2019 for a total annual cost of $1.45 The new solution is designed to help businesses both prevent digital fraud and improve back-end efficiencies.

Fraud 228

Fraud Security Cards System 228

Chris Skinner

MARCH 19, 2017

This week’s main blog headlines are …. Will Apple Bank be the first new American #Fintech Bank? fintech stylee) I remember organising my first banking conferences in the 1990s and there was a regular mantra amongst the memes of the folks speaking on stage. It was a common theme … Branches more important than apps?

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PYMNTS

MARCH 21, 2019

Her observations cover a wide range of topics, but among the main themes is to look beneath the surface of technology, processes and innovation ideas. FinTech Partnerships. But as Ives tells it, companies that open their doors to FinTech will benefit from fresh thinking from experts who might have a different but useful point of view.

Innovation 178

Innovation Fintech Video Payments 178

William Mills

SEPTEMBER 15, 2016

Amidst the changes, BAI along with co-sponsor American Banker will continue to announce the finalists and winners of the “BAI Global Banking Innovation Awards,” as well as the “FinTech Forward Top 100 Companies” and “Companies to Watch” awards as it has during the retail delivery conference in years past.

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Maine Conference Industry Retail 40

PYMNTS

APRIL 30, 2018

Benjamin Franklin is best remembered as a signer of the Declaration of Independence in 1776 and a prolific inventor who created the lightning rod after flying a kite with a key on it in a thunderstorm.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

APRIL 27, 2020

In today’s top news, Amazon is trialing video onboarding calls to prevent merchant fraud, and hospitals face major financial hardship amid the coronavirus pandemic. Amazon Trials Video Onboarding Calls To Thwart Merchant Fraud. How FIs And FinTechs Are Expanding The Credit Card Paradigm. Here’s why.

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