PYMNTS

SEPTEMBER 15, 2017

The favored narrative about banks and FinTech startups is generally not a love story. Whereas FinTechs are undoubtedly newer and faster – risen from the digital age to put banks out of business – they aren’t always able to take deposits or keep some of those associated warranties. Usually, it is more of an all-out war story.

Fintech 198

Fintech System Lending Cards 198

PYMNTS

MARCH 3, 2020

Even millennials , who heavily lean on remote banking, still visit physical bank locations for more complex functions, such as loan applications. Digital-first transformations can improve personalization and operating efficiencies, but they also bring challenges, including adoption-related costs and new avenues for fraud. million.

ATM 151

ATM Fraud Study Regional 151

PYMNTS

JULY 25, 2019

In the July Digital Banking Tracker , PYMNTS examines how banks are using tools like artificial intelligence (AI) and automation to both fight against fraud and better engage customers. legacy banks and FinTech startups alike. The FinTech is South Africa’s first fully digital bank. Around the Digital Banking World.

Digital Banking 176

Digital Banking Innovation Fraud United States 176

PYMNTS

FEBRUARY 14, 2020

What is necessary, Xie said, is a different, more holistic paradigm for combating fraud — with a wide aim of not adding more authentication steps. Speed matters for FinTechs aiming to bring new products to market digitally and to target consumers not well served by traditional banking models. Uber reported its earnings last week.

Retail 141

Retail Cards Millennials Fraud 141

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.

Fraud 100

Fraud Trends Payments Retail 100

PYMNTS

JUNE 29, 2016

As a result, fraud prevention and security must be — and is — a top concern for digital companies. According to recently released research from PYMNTS , fraud attacks are on the rise, up 215 percent year over year. We look at our users and we try to see, are you who you say you are, and are you going to commit fraud against us?

Fraud 100

Fraud Security User Experience Company 100

PYMNTS

MARCH 12, 2019

The digital bank is designed to target millennial consumers who are more comfortable using digital services, and comes equipped with live chat features to support digitally native conversations. Tapping into Emerging Tech: How Wells Fargo is Fighting Fraud. About the Tracker.

Digital Banking 209

Digital Banking Fraud United States Security 209

PYMNTS

JANUARY 24, 2020

Anti-fraud efforts can seem like word salad with exotic ingredients being tossed around: strong consumer authentication ( SCA ), two-factor authentication (2FA), the second Payment Services Directive (PSD2) … you get the idea. Ask consumers what they want, however, and the acronyms vanish like a metaphor for things that vanish. Fair enough.

Mobile 166

Mobile Fraud Millennials Security 166

PYMNTS

JUNE 21, 2017

Whether it’s in-app tools that offer advice on monthly spending, new services to help parents teach their kids about money management or a publicity campaign aimed at raising public awareness of the threats posed by cyber fraud, the financial sector is making consumer education a priority. Building smarter, more informed consumers.

Report 131

Report Digital Banking Millennials Fraud 131

Abrigo

MAY 5, 2022

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. Some recent episode titles: “Secret Sauce for Deeper Relationships & What’s So Nifty About NFTs” and “Fintech Investment and Growth Opportunities.” Fraud Prevention. Learn More.

Community 195

Community Lending Maine Resources 195

PYMNTS

OCTOBER 30, 2019

Not only is that payments deal being extended, but the two businesses will create and roll out a FinTech accelerator. . These two developments foreshadow future changes to come in 2020s for retail and FinTech, Senior Vice President of Walmart Services and Digital Acceleration Daniel Eckert told Karen Webster shortly before the news broke.

Analytics 101

Analytics Study Payments Fintech 101

PYMNTS

SEPTEMBER 24, 2019

Legacy banks are similarly at work, with one major FI seeking to beat out FinTech competition by offering same-day access to credit card deposits. Millennials no longer rule the mobile services space. Many real-time payment systems only enable push payments because the rail’s designers believe this lowers the risk of fraud.

Mobile 246

Mobile Payments Apple Millennials 246

PYMNTS

MARCH 9, 2018

Today in PYMNTS data, Verifone’s first-quarter earnings largely met expectations, B2B FinTech firms are targeting millennials and small- and medium-sized businesses (SMBs) with digital financial services and blockchain appears to have real potential for market disruption. 206 million | Value of U.K.-based

blockchain 101

blockchain Data Millennials cryptocurrency 101

PYMNTS

JANUARY 17, 2017

And for that reason, credit bureaus, financial institutions and even eCommerce sites find they must look elsewhere for verifiable data or risk overlooking good but “thin-filed” consumers, including millennials. Outsmarting The Fraud. This leaves many without the “creditworthy” data that makes “thin files” thick.

Millennials 100

Millennials Data Fraud social media 100

BankNXT

DECEMBER 5, 2016

Shaun Weston talks to Sarah Clark from Mitek about mobile security and the habits of the millennial generation when it comes to mobile financial services. Sarah Clark from Mitek on millennial habits and mobile security on BankNXT.

Millennials 40

Millennials Security Mobile User Experience 40

PYMNTS

MAY 29, 2020

FIs Or FinTechs: Who Will Power Banking’s Big Digital Shift? FIs need to have the ability to find and thwart fraud, without accidentally sweeping up legitimate clients. Millennials Are Facing Their Second ‘Once-in-a-Lifetime’ Financial Crash . FinTechs Help Main Street Find Its Footing.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

AUGUST 21, 2020

FinTech players are also grabbing deposits. For instance, millennials and other younger consumers are increasingly drifting away from community banks and credit unions because they expect a high level of digital services. Square announced $1.3 billion deposits in April — a tripling over the company’s recent history.

Cards 224

Cards Mobile Community Bank Community 224

Insights on Business

JANUARY 31, 2019

On a recent visit to my local coffee shop, I realized how uphill a task this can be with millennials and Generation Z patrons who are joining the ranks of coffee aficionados. Can long-established banks fend off competition from fintech startups in their conquest capturing this mindset? That answer is yes.

Payments 107

Payments Fraud San Francisco social media 107

PYMNTS

NOVEMBER 27, 2019

That’s especially true as millennials come up through the ranks, and are both comfortable and confident in using technology. Lotz cautioned that “table stakes” essential to CUs’ self-service offerings include satisfying the expectation that consumers have control over fraud alerts and how their accounts are monitored.

Innovation 215

Innovation Millennials Technology Examples 215

PYMNTS

DECEMBER 27, 2019

With the possible exception of FinTechs that stand to gain from customer defections and perhaps some legacy banking competitors, no one is rooting against the CUs. Card account security, fraud and seamless digital experiences – daunting tasks facing all FIs – are especially urgent for CUs and their partners. Digital Unison.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

PYMNTS

OCTOBER 8, 2019

The Millennial Challenge. Among the greatest opportunities for CUs lie some significant challenges, too — namely, tapping into and serving the financial needs of millennials. Beyond the drive to retain and grow membership and tackle faster payments, Fagan said CUs must be ever-vigilant in the fight against fraud. “If

United States 102

United States Millennials Course Lending 102

PYMNTS

JANUARY 29, 2019

Innovation remains desired by the respondents of the Index — but perhaps not to the overwhelming degree one might expect in a world where FinTech and digital wallets, and all manner of mobile banking, seem to make daily headlines. Avoiding Complacency. Giving Them What They Really Want.

Innovation 176

Innovation Fintech Data Community 176

PYMNTS

NOVEMBER 19, 2019

That raises several questions for FIs, FinTech firms and payment service providers as they figure out how to best navigate this changing world. Another factor in all of this is the rise of FinTechs, often backed by favorable regulatory headwinds designed to promote more innovation in payments, including the sharing of data with legacy FIs.

Cards 140

Cards Apple Data Innovation 140

PYMNTS

JUNE 27, 2019

California-based FinTech Binji has just come out of stealth mode with a new consolidated card. A popular idea for FinTech, the card pairs a physical debit card with a link to a customer’s various digital bank accounts. Other companies are working to marry security with customer comfort. About the Tracker.

Customer Experience 109

Customer Experience Digital Banking Innovation Security 109

Insights on Business

OCTOBER 10, 2017

Trained by experts at Promontory, IBM has leading-edge solutions in Know Your Customer, Anti-Money Laundering, Conduct Surveillance and other forms of digital fraud. We’re leading with the industry’s first true cognitive solution to sharply reduce fraud losses while guarding the customer experience by minimizing false alarms.

blockchain 87

blockchain Customer Experience Compliance Fraud 87

CB Insights

SEPTEMBER 10, 2019

While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. Download the free report to find out how fintech is shaping the future of wealth management and investing. get the REPORT on next generation investors.

Millennials 77

Millennials Mobile Lending Cards 77

Accenture

SEPTEMBER 22, 2019

Neo-challenger banks have several advantages over their traditional counterparts—including having lower operational costs, because their tech stacks are cheaper to run, and offering a tailored online experience that appeals to Millennials. Trust is central to any bank’s relationship with its customers. What the future holds.

Innovation 150

Innovation Metro Apple Marketing 150

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

PYMNTS

MAY 31, 2017

Bank, said that cash remains the most common method of transactions and “what’s amazing about that is that millennials are the most likely users of cash. In an interview with PYMNTS’ Karen Webster, Troy Cullen, president of Elan Financial at U.S. And that’s creating a problem for smaller institutions.

ATM 100

ATM Millennials Cards Management 100

PYMNTS

JUNE 1, 2017

It is, of course, obvious that the internet has changed how the world gets its information and conducts its commerce, but the specters of fraud and data breaches are keeping the latter from reaching its true potential online. These are shockwaves in the industry,” he noted. .

Payments 110

Payments System Software Mobile 110

PYMNTS

JUNE 26, 2020

More than 10,000 financial institutions (FIs) around the world are implementing or exploring open banking , an emerging trend in the financial industry that allows banks and FinTechs to freely share their data, encouraging collaboration and the development of new customer-facing services.

System 198

System Data Security Examples 198

PYMNTS

NOVEMBER 14, 2019

While there is a discernible shift taking place among millennials, the bottom line is that virtually all employees just want to be paid on time and accurately,” said Guez, adding that faster payments support this demand. Technological Innovation. Faster payment technologies make payroll “faster and cheaper,” she said.

Payments 127

Payments Compliance Taxes Technology 127

PYMNTS

SEPTEMBER 6, 2016

In the last four years, we’ve had the adoption of bitcoin, Samsung and Apple Pay and the explosion of FinTech,” said Jenkins. Of course, it’s not just the FinTech industry and tech-savvy millennials who are fueling digital change. “Payments had been relatively static with innovation around cash, checks and credit cards.

Security 100

Security CA Payments Big Data 100

William Mills

AUGUST 17, 2016

While this year will be remembered for: fintech labs and partnerships with traditional FI’s; the rise of millennials; and a push for real-time payments; I’ve been thinking a lot about how to gauge disruption and how we should view the messengers. Alternative lenders are learning more about fraud to their dismay and access to capital.

Conference 40

Conference Innovation Las Vegas Colorado 40

NCR

AUGUST 22, 2017

Everyone in the financial services industry has heard clichés about banks facing strong headwinds fueled by everything from global economic turbulence, to the fickle expectations of millennials, to competitive pressures from agile fintechs – the new kids on the banking block. What’s in it for financial institutions?

Fintech 45

Fintech Innovation Millennials Customer Experience 45

PYMNTS

MARCH 12, 2018

If so, some measures come into play – aimed at shielding investors from fraud, and well, unleveled playing fields – that haven’t been in play. Elsewhere: In FinTech news across the pond, the European Commission is looking to put in place crowdfunding “passports” that would help foster growth among FinTech firms and across the region.

Regulation 117

Regulation Security Course blockchain 117

Jeff For Banks

MARCH 20, 2016

After its most recent capital raise in September, SoFi, a marketplace lender that focuses on millennials, has raised nearly $1.5 How good is their system compared to FICO, or other FinTechs that feel they are more evolved in credit risk management? And for fraud without a time limit. By comparison, over 100 year old and $7.7

Virginia 60

Virginia Risk Management Capital Comparison 60