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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. A recent study found that stolen identities were the top fraud source for FIs that experienced account-opening fraud over the past year, at 55 percent.

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Compliance Concerns Remain an Obstacle to Tech Upgrades, Study Finds

Bank Innovation

Despite the importance bank executives place on innovation, a significant number believe their banks lack the technology to invest in disruptors. Greg Watson, the […].

Study 170
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Piecemeal Order-To-Cash Innovation Won't Cut It For Cross-Border Commerce

PYMNTS

They will need to continue innovating these processes to stay on top of shifting B2B trends worldwide. It also examines what tools companies can tap to make these payments swiftly and securely. One study predicted that virtual or contactless card payments will grow to $4.8 Around The Global B2B Payments World.

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The secure digital platform for financial services innovation

Insights on Business

CxOs are somewhat divided about whether the innovation focus will be on new or established markets. Previously, they thought open innovation would predominate, but now a growing number of these executives anticipate more internal-driven innovation. Quest for secure digital platforms.

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Turkish delights in innovation

Chris Skinner

They manage the Fintech Istanbul program, and are the powerhouse behind many of the innovations we’ve seen in Turkey from mobile wallets to contactless payments. We may describe Turkish banking sector as strong, innovative, modern and well-regulated. Could you please tell us a bit about banking sector in Turkey?

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Credit Unions Find ‘Co-opetition’ Key To Closing The Innovation Gap

PYMNTS

A recent study found that CUs beat banks in eight financial well-being attributes, such as helping consumers reach financial goals, understanding financial well-being and putting consumers’ financial well-being ahead of banks’ interests. Security threats continue to trouble the industry, however. Around The Credit Union World.

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Deep Dive: How FIs Can Secure Mobile Onboarding Without Adding Frictions

PYMNTS

FIs that already provided mobile options were well-positioned to manage consumers’ and businesses’ finances during the pandemic, but others have had to look beyond their existing relationships to offer digital services. A 2018 study found that more than 50 percent of U.K. Tapping Mobile KYC .

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