PYMNTS

SEPTEMBER 15, 2020

In an interview with Karen Webster, Vilash Poovala , founder and CEO of FinTech Oyster , said online financial platforms, powered by open banking, can serve as alternatives for business banking in a country where business banking seems an afterthought. The world needs a FinTech operating system.”.

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System Operations Fintech Taxes 258

PYMNTS

JULY 2, 2020

Children appear especially focused on this problem, which inspired a FinTech to offer biodegradable credit cards designed for use by minors. How FIs Adapt Fraud Detection During Times of Behavioral Upheaval. Find more about these and the rest of the latest headlines in the Tracker. Find the full story in the Tracker.

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Fraud Cards Florida Trends 222

PYMNTS

JUNE 6, 2019

Business consultancy CGI has announced a collaboration with invoice payments FinTech Ordo to develop a service that combats fraud for both payers and payees. A key focus of the collaboration is fraud and data security, the firms noted. ’s open banking regulations have presented for securing data.

Fraud 122

Fraud Payments Security Data 122

PYMNTS

SEPTEMBER 19, 2019

The threat of a data breach is now an ever-present part of life for customers and the banks that serve them. 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 AI, ML Innovations Necessary to Stop Account Opening Fraud.

Fraud 144

Fraud Data Mobile Tools 144

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

BankInovation

NOVEMBER 13, 2023

Financial institutions are using AI to mitigate fraud as fraudsters keep pace with evolving technology.

United States 62

United States Fraud Fintech Technology 62

BankInovation

JUNE 2, 2023

Investors have their sights set on startups presenting offerings in financial conductivity, identity verification, compliance and fraud.

America 52

America Fintech Compliance Fraud 52

PYMNTS

APRIL 19, 2018

The analytics software firm announced news on Wednesday (April 18) that Falcon Assurance Navigator, its solution to help identify fraud and spend waste in the procurement function, is now available on AWS, enabling end users to benefit from both tools, according to Doug Clare, vice president of product management at FICO. “By

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Tools Fraud Analytics System 101

PYMNTS

JANUARY 22, 2020

FinTech solution company Entersekt has upgraded its authentication technology in the DACH region of Europe, according to a release. Our choice of Netcetera and Entersekt meant we could add to our offerings a highly effective card-not-present authentication solution. Two major Austrian card issuers are also using the technology.

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Security Payments Cards Fraud 214

Celent Banking

SEPTEMBER 30, 2015

While Dan was the one really working (he presented on “How Big Data can change Financial Services”) I mingled around the participants of this vibrant ecosystem encompassing entrepreneurs, financial institutions, investors, and regulators among other stakeholders. Share with us please!

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America Fintech Big Data Regional 100

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.

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Report Fraud Security Fintech 158

PYMNTS

DECEMBER 26, 2019

Deutsche Bank, Mastercard and IDEMIA are teaming up to introduce what they said is the first card in Spain to tap motion code technology, FinTech Futures reported on Thursday (Dec. A study done by Bank Negara Malaysia showed that upwards of 92 percent of total fraud losses were connected to card payment fraud.

Cards 131

Cards Fraud Security Study 131

PYMNTS

SEPTEMBER 9, 2020

Swedish FinTech Klarna is aiming to raise $500 million as it looks to fuel the expansion of its growing digital payments and online shopping business in the U.S. How Music Retailers Keep Card-Not-Present Fraud From Sounding A Sour Note. billion musical instrument industry has a growing fraud problem.

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Boston Apple Company Payments 131

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.

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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

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?

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Fraud Security User Experience Company 100

PYMNTS

FEBRUARY 18, 2020

This opens the door to new avenues of attack by those who wish to steal data, hijack accounts and make off with ill-gotten gains, as Eric Kraus, vice president of risk, fraud and compliance at FIS , told PYMNTS in a recent interview. Traditional FIs, he said, have been wary of disintermediation by FinTechs. Fraud’s Shifting Landscape.

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Fraud Data Mobile Cards 166

PYMNTS

DECEMBER 20, 2019

The FinTech is the first foreign online-only payments platform to be licensed in China, where it will compete against locals like Alibaba and WeChat Pay. The plans are related to the tech giant’s heightened focus on AR for the future. PayPal Now Holds 70 Pct. Stake In China’s GoPay. Ant Financial Buys Stake In Vietnamese eWallet eMonkey.

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Fraud Payments Apple Google 130

Payments Source

FEBRUARY 12, 2020

Despite advances in anti-fraud technology, scams remain a major problem for the energy industry, as criminals continue to exploit vulnerabilities present within the current system.

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Security Fraud System Payments 120

Celent Banking

MARCH 4, 2017

It is my privilege to be part of the judging panel for Celent Model Bank Awards for 2017 for the following three categories: Fraud Management and Cybersecurity – for the most creative and effective approach to fraud management or cybersecurity. At the moment we are staying tight-lipped about who won the awards.

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Risk Management Fraud Management Case Study 100

Insights on Business

JUNE 18, 2018

At the SIFMA Fintech Conference this week these powerful technologies will be on display in the Big Apple. This presentation will outline the evolutionary pressures that are driving further advances in AI technology, and more importantly, the evolving role of AI in our lives. We are excited to see you all this week at SIFMA 2018.

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Conference Fintech blockchain Compliance 70

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

CFPB Monitor

MAY 18, 2021

Access to Fed services is sought by fintechs and other non-traditional financial services companies because a Fed account, and direct access to Fed financial services, would dispense with the need for the non-bank to use a traditional bank as an intermediary with the Fed. payments, deposit-taking, and lending).

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Fintech Guidelines Policies System 78

FICO

NOVEMBER 1, 2019

In the world of fraud detection, radically flexible enterprise-class platforms give large institutions the agility to fight fraud in the real-time payment types they’re spinning up to compete with fintechs. In this environment, speed to market is critical, placing banks in a triple bind between innovation, compliance and fraud.

Fraud 40

Fraud Payments Compliance New York City 40

Abrigo

MARCH 7, 2022

The world of FinCrime is more dynamic than ever, with fraud escalating thanks to an increase in mobile payments precipitated by the pandemic and security concerns rising over the Russian conflict in Ukraine. Fraud Prevention. Card Fraud. Fraud Prevention. 2022 Regulatory Focus. BSA Rules and Regulation. Cannabis Banking.

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cryptocurrency Regulation Fraud Policies 195

PYMNTS

JANUARY 25, 2021

"The new technologies and payments rails that connect consumers and merchants provide a unique opportunity to transform the prospects for small businesses everywhere, but also present huge challenges that we must lean into, not shrink from," notes Hughes in " A Look Forward: What Executives Wish for America and the World in 2021.

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Industry Payments Fraud How To 155

PYMNTS

JANUARY 9, 2019

Account takeover attacks, social engineering tactics and payments fraud all threaten businesses as attackers go after the high-value transactions typical of corporate finance, BioCatch explained in a blog post last week. “Wire transfer fraud is of particular concern for corporate treasury,” the company wrote.

Payments 141

Payments Fraud Security Data 141

CB Insights

FEBRUARY 21, 2019

Payments fraud remains a challenge for merchants and banks. Online “card-not-present” fraud is expected to hit a record $7.2B GET THE 106-PAGE FINTECH TRENDS REPORT. Download the free report to learn about the biggest trends from fintech in 2018 and ones to watch for 2019. Want the full expert post?

Fraud 36

Fraud Payments Trends Fintech 36

PYMNTS

APRIL 18, 2019

SCA’s goals are laudable by any measure, as the requirement seeks to reduce fraud and make online card-not-present (CNP) transactions more secure. The company also acquired Dublin-based Touchtech Payments, which provides SCA-ready authentication technology for Europe-based FinTechs and challenger banks. A September to Remember.

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Fraud Regulation Compliance Online 148

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.

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Mobile Fraud Millennials Security 166

PYMNTS

JANUARY 9, 2020

percent of card-present transactions within the nation were conducted via EMV card between July 2018 and June 2019. Mastercard found a 54 percent decrease in counterfeit fraud between April 2015 and April 2016, for example, while Visa saw a 58 percent year-over-year decline in counterfeit fraud in March 2017.

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Fraud Cards Retail Security 131

PYMNTS

JANUARY 30, 2019

These challenges of ensuring authentication and following ever-shifting AML guidelines present a conundrum for businesses looking to expand globally. The challenges faced by merchants, banks, FinTech firms, retailers and other players looking to expand globally are also creating a market for potential solutions to their KYC and AML needs.

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How To blockchain Compliance Regional 170

Insights on Business

APRIL 2, 2019

Exposure to operational risks, data breaches and fraud losses can rise as a consequence of adopting new payment types and channels. The future of payments will increasingly be shaped by fintechs who are quick to respond to market needs with new payment services that offer exceptional value and customer experience. The answer is yes.

Payments 125

Payments New York City Fraud New York 125

PYMNTS

SEPTEMBER 11, 2019

Fraudsters have been increasingly focused on mobile services, with one-third of all fraud attacks worldwide reportedly targeting mobile during the first half of 2018 — a 24 percent year-over-year increase. Such caution presents a high bar that app-based startups must overcome. Fighting Fraud Visibly and Invisibly.

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Security Fraud Mobile Cards 113

PYMNTS

NOVEMBER 13, 2020

Fraud is another consideration. BaaS solutions are often offered via plug-and-play formats that enable FIs, FinTechs and other parties to quickly integrate the specific capabilities they need without developing them in-house or overhauling their systems.”. The World Bank found that consumers globally are charged an average of 6.75

Payments 259

Payments User Experience Meeting System 259

PYMNTS

AUGUST 21, 2020

FinTech players are also grabbing deposits. Lesher said that’s a “clear and present danger,” lest smaller FIs fail to connect with a demographic that’s entering its prime spending years. By contrast, thieves usually get away with three or four transactions without such tools present. Square announced $1.3

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Cards Mobile Community Bank Community 224

PYMNTS

NOVEMBER 16, 2020

In order to transact through the system, users need to register "keys" with their bank or fintech. There are many, many incentives to card credit users to keep using their credit cards, which are not present in the ecosystem for PIX,” he said. Kavakama said the new system will also provide a new and improved anti-fraud system.

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Payments System Cards Fraud 328