BankInovation

MARCH 11, 2022

Money laundering, automated clearing house fraud and wire transfer scams are running rampant in the banking industry. billion on fraud detection systems in 2021 as continuous threats around real-time payments emerged in the space, according to an analysis from fintech and core provider Fiserv.

Fraud 96

Fraud Nebraska Management Data 96

PYMNTS

AUGUST 28, 2019

In China, the central bank has said that it will offer up a three-year development plan for the domestic FinTech sector. The reports state that the FinTech firms in that country “should take the approach of [Chinese president] Xi Jinping’s socialism with Chinese characteristics in the new era as the guide.”

Fintech 172

Fintech Analysis Guidelines Data 172

PYMNTS

DECEMBER 11, 2020

Synctera Brings 'FinTech As A Service' To Community Banks. FinTechs want to offer compliant banking services, while community banks want new ways to grow deposits. The FinTech as a Service launched Tuesday (Dec. PayPal has introduced QR code payments in iZettle’s point-of-sale app in the U.K. million in consumer losses.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

APRIL 8, 2020

As the nation’s traditional financial institutions struggle to cope, alternative lending platforms and other B2B FinTechs are exploring how to put their own technologies to good use.

Lending 245

Lending Fintech America Technology 245

PYMNTS

JUNE 21, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

Fraud 101

Fraud social media cryptocurrency National 101

PYMNTS

NOVEMBER 19, 2018

According to Crowdfund Insider , WBTC was created by a group of non-bank financiers and an insurance firm, including National Credit Insurance Brokers (Australia, New Zealand, Singapore), Incomlend (Singapore), GTR Ventures (Singapore, Hong Kong, U.K.) and Portal Finance (Chile, Colombia, Mexico).

blockchain 153

blockchain Fintech Fraud Community 153

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

Technology Report Fraud Study 208

Independent Banker

DECEMBER 1, 2021

Additionally, a recent survey by FIS shows that 37% of consumers began a new banking relationship with a major national or global bank that had a well-established online portal in the past 12 months. Benefits of FinTech partnerships. How to choose the right FinTech partner. Increasing role of technology.

Community Bank 91

Community Bank Community Fintech Guidelines 91

PYMNTS

JULY 3, 2018

As startups such as DadeSystems , FitPay and Jewel Paymentech expand across devices and functions, Tipalti , AvidXchange and Emailage announce new growth for their local, national and global footprints. In the life of a startup, there’s no better news than growth, be it across new verticals, devices or geographies. Chargehound.

National 101

National Charlotte Regional Operations 101

PYMNTS

OCTOBER 14, 2016

The same premise holds true today and poses a knotty question in online commerce and FinTech: How do you know the person on the other end of a transaction is really who they say they are? And even if you do confirm their identity, how do you know that person can be trusted?

Fraud 100

Fraud Online social media Risk Management 100

Gonzobanker

MAY 4, 2020

All the capital flowing into the digital fintech space is helping to solve banking industry challenges. As the industry’s appetite for digital technology grows, the capital that’s been flowing into mostly digital-focused fintech is solving real industry challenges right now. SoFi/Galileo: This $1.2 customer impact.

Fintech 109

Fintech FDIC Capital Community Bank 109

Insights on Business

MARCH 27, 2019

When Fidelity National Information Services (FIS), one of the world’s leading payment technology providers, required an effective offering to help its customers detect and prevent fraudulent P2P transactions in real time, including Zelle, it chose IBM Safer Payments. Faster payments mean faster fraud. P2P payments goes mainstream .

Fraud 93

Fraud Payments Video Customer Experience 93

PYMNTS

FEBRUARY 10, 2017

Rippleshot uses machine learning and data analytics to provide fraud detection solutions to banks and other financial service providers. Meanwhile, another cybersecurity company, Rippleshot, announced its own investment round to the tune of $2.6 Data Managament. Plaid Technologies. Other VC Activity.

Fintech 100

Fintech Capital Lending Data 100

PYMNTS

JANUARY 9, 2020

as there is in the rest of the world,” said Stephanie Martz, senior vice president and general counsel of the National Retail Federation (NRF) , the world’s largest retail trade association. percent of card-present transactions within the nation were conducted via EMV card between July 2018 and June 2019.

Fraud 131

Fraud Cards Retail Security 131

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

JANUARY 22, 2020

First Bankcard , a division of First National Bank of Omaha , has formed a strategic partnership with Provident Bank , First Bankcard announced Wednesday (Jan. O’Flanagan, executive vice president of consumer banking at First National Bank of Omaha. “We Macko, senior vice president, director of corporate cash management.

Omaha 131

Omaha Payments New Jersey Cards 131

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. Small- to medium-sized businesses (SMBs) are now a critical component of the government’s push for economic growth.

Fintech 120

Fintech blockchain Data Capital 120

PYMNTS

JUNE 18, 2020

The London-based trade group for Europe’s ePayments community is waiting for the European Banking Authority , the European Union (EU) banking regulator, to provide the 27-nation bloc with an update on Strong Customer Authentication (SCA). In addition, he said, barriers should be removed from eCommerce and more must be done to prevent fraud.

Groups 131

Groups Regulation Fraud Security 131

PYMNTS

MAY 16, 2016

Explore how B2B FinTech is on the cusp of change as we break down all of the statistics and surveys below. fleet managers consider fuel card fraud a major issue , found oil giant Shell in its first Fraud Matters report on the fleet card industry. 65% of U.K.

Fintech 108

Fintech Lending Fraud Cards 108

PYMNTS

DECEMBER 24, 2020

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. At a high level, that means helping crypto companies and FinTechs come to market with crypto payments across the Visa rails. Keeping An Eye On Fraud. It all depends on how you look at it — and where you look, of course.

cryptocurrency 258

cryptocurrency Bitcoin Course Boston 258

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. But there is a growing market of fintech companies serving the unique financial needs of Baby Boomers and older retirees — and for good reason. Download the free report to find out how fintech is shaping the future of wealth management and investing.

Millennials 73

Millennials Fintech Tools Fraud 73

PYMNTS

JUNE 24, 2020

The Monetary Authority of Singapore requested that Wirecard store client money that comes out of local operations in the financial institutions of the nation. The news comes as Markus Braun, the former chief executive of Wirecard, was arrested on June 22. The executive surrendered to prosecutors following a warrant issued by a judge.

Payments 159

Payments Retail Fraud National 159

PYMNTS

OCTOBER 16, 2019

Between $800 billion and $2 trillion USD is laundered each year, according to the United Nations Office on Drugs and Crime. The latest Digital Banking Tracker brings research and expert commentary from the FinTech and consumer banking space with a focus on anti-money laundering (AML) and solutions. The Cost of Compliance.

Compliance 123

Compliance Fraud Study Digital Banking 123

PYMNTS

FEBRUARY 21, 2017

“From a bank’s perspective, we need to process these papers manually, including checking for fraud, etc.” ” The executive pointed to its heightened security that can automate checking for check duplication and other areas of fraud with which the paper check struggles. .”

blockchain 102

blockchain Fraud Innovation Fintech 102

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. keep me informed.

Community 195

Community Lending Maine Resources 195

PYMNTS

JUNE 16, 2018

Russia’s corporate treasurers are working with the nation’s central bank on a blockchain initiative, reports in CoinDesk said Friday (June 15). Russia’s FinTech Association and 14 of the nation’s largest banks collaborated on the development of Masterchain, reports noted, citing a white paper.

blockchain 113

blockchain National New York cryptocurrency 113

PYMNTS

MARCH 14, 2019

. “Think globally, act locally” may be a useful strategy to further improving the global payments market: According to Kohli, national markets have the opportunity to adopt faster payments in their domestic payment systems, and national regulators can promote security and efficiency within national infrastructures.

Payments 193

Payments Innovation National Fraud 193

PYMNTS

OCTOBER 2, 2018

Squeezed out of tried-and-true methods of card fraud (thanks in no small part to EMV), the fraudsters are eyeing how to interfere with the money that firms legitimately send in the course of normal, daily business life. Among the more prevalent criminal methods focused on business, according to Divitt: new relationship fraud.

Fraud 149

Fraud Course System Big Data 149

PYMNTS

DECEMBER 15, 2017

This week, alternative finance companies raised more than $77 million in venture capital funding, accounting for nearly 70 percent of total funds raised by B2B FinTech startups this week. Dawn Capital led the latest funding round, reports said, while Fourth Swedish National Pension Fund and other backers also participated.

Fraud 115

Fraud Capital New York City Lending 115

Gonzobanker

MARCH 28, 2024

The digital players are working to differentiate based on stronger customer experience features and tight integrations in areas such as financial health, data-driven marketing and fraud/security. This is an area where speed-to-market competition will be important. #3.

Digital Banking 134

Digital Banking Customer Experience Strategy Exercises 134

PYMNTS

OCTOBER 18, 2019

Pay by Bank app offers a best-in-class digital payment solution that optimizes user experience while making transactions more secure and reducing fraud,” said Suren Nawalkar, senior vice president of consumer applications at Mastercard. as well as maintain the company’s critical national infrastructures. .

Retail 116

Retail User Experience ATM Security 116

Fintech Labs Insights

APRIL 12, 2024

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It’s still going under the stewardship of fintech famous Jim Marous, who modernized the name to Digital Banking Report (and recently opened the archives for free access).

Innovation 15

Innovation Fintech Online Mobile 15

NCR

NOVEMBER 21, 2016

In October 2015, the European Parliament passed the revised Payment Services Directive (PSD2), with EU member states given two years to make the required changes in national legislation to comply with the new rules. ” The fraud implications. The post PSD2 and its implications for fraud appeared first on Banking.com.

Fraud 40

Fraud Compliance Payments Exercises 40

PYMNTS

DECEMBER 12, 2019

If you compare it to other nations, in the U.S., requirements that FinTechs must obtain a bank charter to access payment rails directly. that aim to lower barriers for FinTechs to participate, she said. My personal viewpoint is the U.S. is behind, and not because of technology constraints,” Killam said. “If In the U.S.

Payments 181

Payments Regulation Marketing National 181

PYMNTS

OCTOBER 28, 2019

The firm was the first money transfer company to use Unified Payments Interface (UPI), which was developed by the National Payments Corporation of India under Reserve Bank of India (RBI) guidelines. Visa, Marqeta Team To Boost FinTech Expansion Across Asia Pacific. Amazon Taps Into Bill Payments With Alexa.

Payments 101

Payments Guidelines Fintech Regional 101

PYMNTS

JULY 1, 2019

Traditional banking options are not up to par in today’s digital world, and FIs and FinTechs need to be ready to support their clients with quick, transparent payment methods and easy currency conversions if they want to remain competitive. Canadian payments network Interac has experimented with blockchain for consumer payments.

blockchain 211

blockchain Payments Retail Innovation 211

PYMNTS

OCTOBER 5, 2020

Money laundering is a pervasive threat, with the United Nations estimating that up to $2 trillion is laundered each year, equivalent to 5 percent of the global gross domestic product (GDP). About The Tracker.

Online 141

Online Compliance Report Study 141