CFPB Monitor

SEPTEMBER 8, 2022

Since the beginning of Michael Hsu’s tenure as Acting Comptroller of the Currency, bank/fintech partnerships have been a focus of OCC concern. Mr. Hsu also raised concerns about unknown risks or “nasty surprises” arising out of bank-fintech arrangements.

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Fintech Risk Management Conference Lending 146

PYMNTS

SEPTEMBER 2, 2020

Checkbook has joined Visa 's FinTech Fast Track program and launched Virtual Cards , a program that will expand the reach of real-time payments, according to a press release. Virtual Cards were created by Checkbook to reduce the fear of losing a wallet or being a target of credit fraud, according to the release.

Cards 213

Cards Fintech California Fraud 213

PYMNTS

AUGUST 21, 2020

Robinhood’s $200 million fundraise this week may be the talk of the FinTech town, but B2B FinTechs saw their fair share of fresh investments, too. six FinTechs were able to secure a share of the next round of RBS grant money , with the winners including small business banking and biometrics company Onfido. In the U.K.,

Fintech 154

Fintech Austin Capital Fraud 154

PYMNTS

SEPTEMBER 10, 2019

Companies therefore must either invest in teams of AML specialists or in fraud-fighting technologies. . The September AML/KYC Tracker examines the latest fraud challenges and efforts to ensure tight security and compliance. . Deep Dive: How FinTechs, FIs Can Arm Up Against Fraud. Around the AML/KYC Worl d.

Security 185

Security Fintech Fraud Compliance 185

Independent Banker

JANUARY 31, 2022

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. of bankers are either strongly interested in or already working with fintechs in digital account opening. The benefits of fintechs. By Elizabeth Judd.

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Community Bank Community Fintech Risk Management 159

PYMNTS

OCTOBER 21, 2018

JPMorgan Chase is doubling down with its FinTech aspirations, gearing up to start development of a new FinTech corporate campus in the early part of 2019. JPMorgan Chief Executive Jamie Dimon views technology as a way to keep back the competition from FinTech startups that are luring over millennial customers in droves.

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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.

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PYMNTS

MARCH 27, 2020

The publication pointed to commentary from angel investor and entrepreneur Jason Calacanis, who predicted “that 50-80 percent of the venture-backed startups currently operating will shut down or go on life-support.” FInTech that raised $75 million in Series D funding for its small business credit card technology.

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Cards Fintech Capital California 181

PYMNTS

DECEMBER 19, 2019

An explosion of FinTech innovation has jump-started traditional financial institutions’ (FIs) digitization efforts. Yet, each of these strategies to modernization is a double-edged sword, exposing a bank — and, thus, its partners and customers — to a new breed of fraud risks. In the U.K., billion for small businesses alone.

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Fraud Payments Security Fintech 104

Independent Banker

FEBRUARY 28, 2022

We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. The digital world has opened vastly broader avenues for community banks to attract new customers—especially if they partner with fintechs in their endeavors.

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Fintech Marketing Community Bank Community 136

PYMNTS

JUNE 5, 2020

Providing robust services via mobile channels is especially important now, as the COVID-19 pandemic has caused businesses to operate remotely and consumers to stay at home as much as possible. FIs must be careful not to lower their fraud-fighting standards in their pursuit of open banking and be selective about the entities they allow in.

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Security Fintech Data Fraud 174

PYMNTS

JUNE 21, 2019

Moreover, PSCU’s SVP of Product Denise Stevens told PYMNTS in a recent interview, credit union operators can feel the direction the digital winds are blowing. The right first step forward is often a step back, Stevens noted, so operators can see beyond the individual projects to the total experiences they are trying to construct.

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PYMNTS

MARCH 20, 2020

Banking technology FinTech Finastra was hit with a security breach on Friday (March 20), and was forced to shutter key systems and send employees home, according to a report by KrebsonSecurity. Two sources forwarded internal notices about the outage.

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Fintech Security America Course 276

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.”

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Fintech Analysis Guidelines Data 172

PYMNTS

NOVEMBER 20, 2019

This rampant availability of users’ data makes it easier for bad actors to wreak havoc and commit fraud. She recently spoke to PYMNTS about how Scotiabank has revamped its fraud strategy in recent years. “I The increasing sophistication of fraud attacks has led Scotiabank to reassess how it employs AI, ML and automation.

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Fraud Data Management Analytics 117

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. Highlighted in the blog are the prominent benefits of blockchain technology, trust and security.

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Fintech blockchain Fraud United States 129

PYMNTS

DECEMBER 7, 2020

Today in B2B payments, Revolut launches a new solution for its business customers, and MonetaGo collaborates to combat trade finance fraud. Plus, Pioneer Bank sues over MyPayrollHR scandal, Procurement Partners secures new funding, and ImagineTime partners on FinTech for accountants. MonetaGo, GUUD Team On Secure Transactions.

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Fraud Capital Regional Security 159

PYMNTS

JULY 25, 2019

Customers have varying banking needs, but the global fraud phenomenon tends to have equal impacts. Challengers see fraud protection as especially important, particularly as they attempt to ween customers away from legacy FIs and their own nimbler FinTech competitors. Bringing a global fraud approach to a new local market.

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Fraud Marketing US Resources 164

PYMNTS

JULY 6, 2017

API technology is opening new doors for the world of financial services, a trend that cultivates cooperation and collaboration between FinTechs and banks, once considered competitors. But newer technologies on the market are making it more difficult for everyone to get on the same page about how to use the tool.

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Fraud Payments Groups Industry 198

PYMNTS

JANUARY 27, 2021

The banking industry faces many day-to-day business challenges, including competition with digitally native FinTechs and the ubiquitous social distancing restrictions brought on by the pandemic. This increased digital presence also brings a greater risk of digital fraud, however. The Fraud Threats Facing Digital-First Banks.

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Security Innovation Fraud Study 213

PYMNTS

NOVEMBER 2, 2018

As legal cannabis spreads, the industry is a big opportunity for FinTech, as industry players struggle to manage intense compliance requirements and limited access to traditional financial services. based B2B software-as-a-service and data solutions provider focusing on supporting corporates’ compliance and anti-fraud efforts.

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Fintech Capital Security Fraud 188

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. Fraud & Identity: By far, the largest number of vendors and conversations were over fraud and identity.

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Conference Las Vegas Fraud Case Study 221

PYMNTS

OCTOBER 28, 2020

Digital payments are prone to chargeback fraud, for example, and financial institutions (FIs) often report difficulties and high costs when updating their legacy systems to accommodate instant payment systems. This puts them at risk of losing customers to more agile FinTechs that lack these issues. billion by 2025, up from $74.4

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Payments Compliance Fintech Innovation 219

PYMNTS

OCTOBER 1, 2019

Commercial payments firm Bottomline Technologies is rolling out advancements to its invoice automation platform that uses artificial intelligence (AI), the company announced in a press release on Tuesday (Oct.

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Fintech User Experience Analytics Data 116

PYMNTS

JANUARY 28, 2020

Credit unions (CUs) face stiff competition from banks, FinTech firms and other players in the financial industry, but they have several intrinsic advantages. CUs are also leveraging the latest technologies, including cloud computing, to continue fostering the relationships with their customers. Around The Credit Union World.

Innovation 155

Innovation St. Louis Fraud United States 155

Insights on Business

FEBRUARY 11, 2019

According to recent information from Juniper Research , online payment fraud losses from e-commerce, airline ticketing, and money transfer and banking services are expected to reach $48 billion by 2023, more than double the $22 billion in losses estimated for 2018. Synthetic identities and new account fraud.

Fraud 111

Fraud Payments Data Study 111

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.

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PYMNTS

SEPTEMBER 6, 2018

The top of any FinTech’s to-do — and to-keep-doing — list. The age of technology is, of course, well upon us, with Software-as-a-Service (SaaS) a key conduit to making sure that at least some business operations — once the province of spreadsheets and reams of paper — can be streamlined. Plugging In To Plugins.

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Compliance Fintech Regulation Knowledge Base 133

PYMNTS

MAY 6, 2020

Financial fraud costs businesses an estimated $1.45 trillion, and it resulted in almost half of global organizations noting they were victims of fraud in 2018. This includes exploring emerging anti-fraud solutions and the challenges arising in this space as fraud grows more complex. One recent breach at U.S.

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Data Fraud Tools Technology 181

Independent Banker

DECEMBER 1, 2021

Increasing role of technology. However, data from PwC shows that community banks are finding complementary partnerships that evolve their operations and the service they provide customers. Benefits of FinTech partnerships. How to choose the right FinTech partner.

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Community Bank Community Fintech Guidelines 91

Insights on Business

NOVEMBER 22, 2017

The changes we see in the global payments landscape, driven by innovative technologies, are fundamentally changing the industry, but they come with a brand new set of challenges. On the other hand, technology capabilities are supporting increasingly complex, sophisticated and global fraud and cybercrime patterns. bn ($5.3Bn).

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Fraud Payments Innovation Industry 125

PYMNTS

FEBRUARY 24, 2020

These firms are finding that managing both systems in the cloud offers the flexibility and security needed to streamline invoicing and cut costs, while keeping operations running as smoothly and accurately as possible. Across The Next-Generation AP Automation Space. Growth encouraged the media company to switch to automated processes.

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Software Fraud System Survey 223

PYMNTS

AUGUST 19, 2020

With B2B payments being an increasingly attractive target for innovators, the landscape is growing crowded as more banks and FinTechs roll out their accounts payable (AP) automation solutions. At the same time, he explained to PYMNTS, industry collaboration can mean combining banks’ and FinTechs’ biggest strengths.

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Fintech Resources Payments Industry 319

PYMNTS

JUNE 8, 2020

The scheme by the “Modern Money Team,” as Putnam referred to the entire operation, was reportedly to offer investors “cryptocurrency trading packages” they had purchased, which could have ostensibly been used for “arbitrage” opportunities at Bitfinex. The group managed to get $12 million from 2,000 investors, Coindesk reports.

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Gonzobanker

SEPTEMBER 4, 2018

Long-neglected contact center operations are finally getting attention from the C-suite. Executives are quickly finding, however, that rather than gaining valuable efficiencies from their vendor partnerships, technology options represent a huge execution risk.

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ABA Community Banking

JANUARY 21, 2019

Concern over emerging technologies! The Economy Financial Research Feature Technology Risk Management AML & Fraud Tech Management Security Operational Risk Rate Risk Cyberfraud/ID Theft Feature3 Fintech. What was on top of the agenda at Davos this year?

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Technology Risk Management Fraud Fintech 40

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.

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