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Fighting digital banking fraud – Part 1: Know the threat

NCR

This convenience offers many advantages to the consumer, but financial institutions and consumers need to recognize one of the biggest disadvantages of this technological expansion: the increased risk of digital banking fraud. Digital banking fraud affected 14 percent of consumers in 2016, up from 12 percent in 2015.

Fraud 74
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How Digital-First Credit Unions Can Break The Impersonality Barrier

PYMNTS

The financial world has become more and more entrenched in digital channels, much to customers’ delight — 59 percent of FI consumers want to open banking accounts online rather than do so at a branch. Nearly one-third of millennials would prefer to do their banking exclusively online and eschew branch locations entirely.

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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

As NYU Stern School of Business professor and digital transformation researcher Arun Sundararajan notes: “Crisis can be… a catalyst or can speed up changes that are on the way — it almost can serve as an accelerant.”. In the wake of the outbreak, everything from doctors appointments to schooling to workouts went online.

Industry 101
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Top 25 Online Digital Accounting Services for Small Business (SMB): Aug 2024

Fintech Labs Insights

And it’s an ideal service to consume digitally. When I started reporting on the space in the mid-90s, I thought banks would end up delivering the bulk of basic accounting functions through their online banking programs. But so far I’ve been proven wrong. 390,000 3 3 Patriot 100 20 Aug 2024 2002 Canton, OH 4.4

Online 15
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Top 34 Digital Lenders to U.S. Small Businesses (SMB) (July 2024)

Fintech Labs Insights

files recently, I ran across an Online Banking Report article I wrote in 1997 about Bank of Montreal’s pioneering online mortgage application. It was the first time anyone had put a mortgage app online and one of the first online credit apps of any kind.** Cleaning out some (paper!)

Atlanta 29
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Top 28 Digital Lenders to U.S. Small Businesses

Fintech Labs Insights

Bank of Montreal online mortgage app circa Jan 1998 (via Internet archive). It’s telling that Apply by Phone/Fax were more prominent than Apply Online. files over the weekend, I ran across an Online Banking Report article I wrote in 1997 about Bank of Montreal’s pioneering online mortgage application.

Atlanta 15
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Backbase and Mitek Partner to Remove Onboarding Friction

Fintech Labs Insights

A new partnership between mobile capture innovator Mitek and omni-channel digital banking solution provider Backbase will make Mitek’s document scanning and validation technology available via the Backbase Open Banking Marketplace. ’s oldest bank, C. and chosen by U.K.’s