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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.

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How One Nevada Credit Union Secures Its Self-Service Innovations

PYMNTS

Though still strong, this industry growth has slowed in recent years, with another survey finding that total loans only increased by 6.6 Credit unions, like any FI, are sitting on a trove of valuable personal information, such as credit card data and Social Security numbers, that hackers would do anything to get their hands on.

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Charles Potts: Fighting cybercrime one innovation at a time

Independent Banker

Every year, ICBA surveys the industry and its members to identify their top concerns as part of its innovation strategy. Our bankers face both challenges and opportunities as they work to stay ahead of cybercriminals, paying attention to innovative solutions and partners to mitigate cyber risk. Network security monitoring.

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BIS To Open Four New Innovation Hubs Over Next Two Years

PYMNTS

The Bank for International Settlements ( BIS ) Innovation Hub is planning on adding four new locations in Europe and North America, according to a press release. The Innovation Hub was launched in 2019 as a way for central banks to collaborate on various innovative solutions to problems, PYMNTS reported.

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Retail Innovation Has Changed — Can SMBs Keep Up?

PYMNTS

percent of retailers have said they innovate to improve customer loyalty. That, in fact, is one of the main findings in the new Retail Innovation Readiness Index from PYMNTS, powered by FinTech firm AEVI. Things have changed, though, he said — one reason why that innovation finding carries such weight. “I Innovation Divide.

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Speed, Security And Simplicity: The Three S’s Of Payments Innovation 

PYMNTS

59 percent: Share of executives surveyed that identified ePayables as a mechanism to increase speed of transactions. Data: 65: Share of credit union customers that report choosing a CU because they trust it as their primary financial institution. 9.06: Average weekly haul children pull in via their allowance.

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Deep Dive: How Loyalty Innovation Improves Member Relationships, Boosts Brand Awareness

PYMNTS

Although CU members want innovation in member loyalty and rewards, most credit unions are not delivering these programs up to the desired standards. Credit union members’ high expectations when it comes to loyalty innovation do not necessarily make or break their banking relationships. Loyalty Innovation Strategies .