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Deep Dive: How FIs Can Keep Their Digital-First Innovations Secure

PYMNTS

Banks’ use of such innovations is predicted to expand, too, with 60 percent of FIs saying they aim to gain customers and improve customer experiences using digital channels. Lackluster customer onboarding authentication is one of the weakest points in most banks’ anti-fraud security systems. How Authentication Prevents Fraud.

Security 213
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Mastercard On The ‘Digital-First’ Transformation Of Credit Cards Into Daily Money Management Tools

PYMNTS

The great digital shift is transforming credit cards into money management tools. 23), it is offering foundational digital guidelines to help several partners – including payment processors FIS, CoreCard, i2c, TSYS (owned by Global Payments) and others – to access card data in a speedy, secure manner.

Cards 249
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Citi Implements DLT to Manage Cash, Securities in Its Back Office

Bank Innovation

Citi is now using distributed ledger technology to manage collateral and send cash and securities in a single click, Citi announced last week.

Security 186
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How Customer Expectations Spur Innovation, Partnerships in Cross-Border Payments

Bank Innovation

For small business owners, freelancers, and gig economy workers, the minute you’re online — you’re global. Jody Perla, managing director at cross-border payments company Payoneer, told Bank Innovation this relatively new reality has led to increased customer and corporate expectations for seamless and transparent payments.

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These 12 Startups Are Competing in the Demo Contest at Bank Innovation Ignite

Bank Innovation

The 12 startups demoing to try to win the “best in show” award at Bank Innovation Ignite have been unveiled. Fintel Labs, iGTB, JUDI.AI, KapitalWise, OpenDoor Securities, and Operant.AI The startups are:[link] Avocado Payments, Budgit Inc., Community Capital Technologies, Denizen Financial, Diro Inc., Exagens Corp.,

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Bank Innovation Relaunches

Bank Innovation

Today, Bank Innovation releases its most significant redesign and relaunch since the site initially dropped online in 2009. We hope you love the new Bank Innovation. When we started Bank Innovation, while the crosswinds of the credit crisis were still swirling, we were the lone voice for innovation at banks.

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FICO’s Take On Debit Security

PYMNTS

Financial institutions (FIs) cannot simply expect the popularity of debit to persist unaided, however, and must continue to innovate to keep fraud rates at a minimum. Debit network PULSE recently sought to boost its security by adopting a FICO fraud detection platform that can help it quickly detect and respond to suspicious activities.

Security 182