Bank Innovation

MAY 21, 2018

Even more than winning on mobile, banks would like to minimize security threats. million in 2016. Banks lost $16.8 billion to fraudsters last year, according to a Javelin report, and the number of U.S. customers victimized by such attacks increased to 16.7 million, up from 15.4 Protecting customers is paramount for executives.

Study 258

Study Security Mobile Report 258

PYMNTS

JUNE 24, 2020

million) from new and existing investors in two funding rounds since applying for the banking license in 2016, and it added several former banking executives to create a board. -based fund, and its U.K. investment vehicle, Silverstripe. At the time, Zopa said it raised £60 million ($67.7

Security 215

Security Capital Cards Report 215

Bank Innovation

FEBRUARY 24, 2016

The panel of judges — Scarlett Sieber of BBVA; Sam Maule of Carlisle & Gallagher; Ryan Falvey of the Center for Financial Services Innovation; Matt Wilcox of Fiserv; and Phil Ryan of Bank Innovation — will decide which company is worthy of the “Best in Show” DEMOvation crown at Bank Innovation 2016.

Innovation 150

Innovation Seattle Fintech Company 150

PYMNTS

FEBRUARY 26, 2020

percent in 2016. 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. percent in 2019, compared to 10.5 Another perennial challenge the industry faces is the ever-looming threat of data breaches.

Nevada 192

Nevada Security Innovation Data 192

PYMNTS

DECEMBER 16, 2020

By harnessing the power of cloud-based architecture, financial institutions will be able to “safely and securely handle significant payment processing volume in near-real time.” . Founded in 2016, Form3’s cloud-native, API platform powers FIs to securely and efficiently run and scale their payments infrastructure. .

Payments 332

Payments Security Cards Strategy 332

PYMNTS

JUNE 4, 2019

Automotive cybersecurity company GuardKnox announced it has secured $21 million in a Series A round of funding, bringing its total raised to $24 million. FM Capital is proud to partner with the dynamic GuardKnox team delivering transformative cyber security solutions for the auto industry.”.

Security 148

Security Cyber Security Capital Industry 148

Bank Innovation

JUNE 4, 2018

Just last month, the bank agreed to pay $480 million to settle a lawsuit from investors accusing Well Fargo of securities fraud related to its fake-account scandal from 2011 to 2016 in which 2 million fake accounts were set up. “We Wells Fargo & Co. has had a very public battle with fraud. We have alerting to […].

Tools 220

Tools Fraud Security Data 220

Bank Innovation

FEBRUARY 13, 2020

The Gateway, established in 2016, allows customers to securely connect to third-party apps through aggregators like Plaid. Wells Fargo Gateway processed more than 1.5 billion digital interactions in 2019 between the bank’s customers and third–party apps.?

Security 243

Security Customer Experience Retail 243

Perficient

MARCH 2, 2021

The Federal Reserve is now expanding the definition of financial institutions to include: swap dealers and security-based swap dealers; 1. major swap participants (MSPs) and major security-based swap participants (MSBSPs); 2. major swap participants (MSPs) and major security-based swap participants (MSBSPs); 2. 1 See 7 U.S.C.

Regulation 309

Regulation Security System Marketing 309

Bank Innovation

APRIL 28, 2016

The companies selected from applications received from startups around the world are: CrossCues Dyme GoldBean Hermetic Security Spare We Are Briqs The companies, chosen after a Read More.

Innovation 150

Innovation Security Fintech Company 150

PYMNTS

DECEMBER 22, 2020

Facebook will increase its security offerings, especially for high-profile users, the social media giant announced Tuesday (Dec. The company will support the use of security keys on mobile devices so anyone logging into an account will need more than just a password, a Facebook official told PYMNTS.

social media 236

social media United States Security Mobile 236

PYMNTS

JANUARY 25, 2019

In 2016, customers took to social media to complain about a similar thing. Some customers complained that they’d been charged for orders they didn’t make, including one case in particular worth almost £1,000. This is not the first time that Deliveroo has dealt with this issue, either.

Data 178

Data Security social media Fraud 178

PYMNTS

OCTOBER 21, 2020

Securing P2P apps as well as other financial accounts will require banks to upgrade their security protocols and customers to take their security more seriously,” per the Playbook. The ubiquity of these apps belies serious security concerns,” the Playbook states. It’s a major focus of players in the space.

Fraud 140

Fraud Security Mobile Tools 140

Perficient

MAY 27, 2022

We’ll then move to the federal level, seeking regulatory guidance as to whether digital tokens are securities under the jurisdiction of the U.S. Securities and Exchange Commission (SEC) or commodities contracts over which the Commodity Futures Trading Commission (CFTC) has regulatory jurisdiction. State Regulations.

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

Bobsguide

MARCH 30, 2020

In 2016, the global fraud detection market was valued by Allied Marked Research at $13.6bn. Fast forward to today: according to Fortune Business Insight, the global market for anti-fraud solutions will grow from $19.3bn in 2018 to $110bn in 2026. The growth is exponential, and the banking,

Security 141

Security Fraud Marketing 141

PYMNTS

JANUARY 2, 2020

JPMorgan chief executive officer (CEO) Jamie Dimon had anticipated risks from data sharing and relayed his fears in a 2016 shareholder letter. Data security is an issue with far-reaching consequences.

Security 144

Security Fintech Data Policies 144

PYMNTS

FEBRUARY 7, 2020

Launched in early 2016, Moteefe began in 2016 and provides an entrepreneurial technology solution for influencers and others in the digital space. Specializing in on-demand production of merchandise, Moteefe , an e-commerce platform, has obtained $5 million in Series A funding, according to published reports Thursday (Feb.

Security 151

Security Branding Maine Capital 151

PYMNTS

AUGUST 13, 2020

When drivers pull into participating stations, they will see a notification on Waze prompting their Android or iOS device to securely pay through each company’s app. But in June of 2016, Google went ahead and merged this data anyway, effectively destroying anonymity on the internet.”. country manager, in a statement.

Rhode Island 346

Rhode Island Google Payments Florida 346

PYMNTS

MAY 6, 2020

The PPP loans were part of the government’s Coronavirus Aid, Relief, and Economic Security (CARES) Act. Wells Fargo has faced numerous federal probes since 2016. In February, the bank was ordered to pay $3 billion to settle a fake account scandal initiated by the Department of Justice (DOJ) and Securities and Exchange Commission (SEC).

San Francisco 245

San Francisco California New York Security 245

PYMNTS

NOVEMBER 13, 2020

Securities and Exchange Commission ( SEC ) on Friday (Nov. The SEC claims that Tolstedt publicly discussed and endorsed Wells Fargo’s “cross-sell metric” as a way of keeping track of the bank's financial success from mid-2014 to mid-2016. Stumpf agreed to settle the charges by paying a $2.5 Stumpf also already agreed to pay $17.5

Fraud 230

Fraud California Security Community Bank 230

PYMNTS

JUNE 29, 2020

In the ongoing scandal of Wirecard , under fire for fraud, the focus is now turning to auditors Ernst & Young (EY), which reportedly failed to report Wirecard’s “unorthodox financial arrangements” as far back as 2016, The Wall Street Journal (WSJ) reported.

Fraud 327

Fraud Risk Management Report Management 327

Bank Innovation

AUGUST 29, 2017

The bank will now offer secured SME mortgages to businesses, offering loans between £50,000 and £1.5 Its launch comes after Redwood received its bank license in April 2017, after filing in 2016 as Acorn Financial Partners. New small business challenger Redwood Bank has launched in the United Kingdom. million, Redwood announced today.

Security 199

Security Lending Payments 199

Bank Innovation

FEBRUARY 23, 2016

When we think of cool, James Dean doesn’t immediately come to mind. The app Songsterr does. We are proud fintech nerds, and for five years we have marked the Coolest Brands in Banking on Bank Innovation based not on the type of sunglasses worn by a CEO, but on the Read More.

Branding 150

Branding Innovation Fintech social media 150

Bank Innovation

JULY 3, 2019

Pagaya, which uses artificial intelligence to manage institutional money, is issuing a second $100 million actively managed asset-backed securities (ABS) offering, the U.S.-Israeli Since its founding in 2016, Pagaya has grown to $650 million in assets under […]. Israeli fintech firm announced today.

Management 186

Management Fintech Security 186

PYMNTS

APRIL 17, 2020

They can also use a PIN and fingerprint for security of their accounts. Google, for its part, rolled out a Wallet debit card in 2013 before closing it down in 2016. The card is Goldman Sachs’ newest inroad into the retail consumer business after establishing its digital Marcus brand in 2016.

Google 229

Google Cards Apple Branding 229

PYMNTS

JUNE 26, 2020

Sources told the Times that between 2016 and 2018 EY did not check with Singapore’s Oversea-Chinese Banking Corp. A senior auditor at another firm told the Times securing independent confirmation of bank balances was the first thing students learn at audit school.

Fraud 290

Fraud Report Security Company 290

PYMNTS

JANUARY 8, 2019

The new service, called Xfinity xFi Advanced Security, was developed to protect numerous smart devices from potential hackers and malware attacks. Also, the number of attacks against Internet of Things (IoT) devices is growing as well – 600 percent between 2016 and 2017. That’s why we developed xFi Advanced Security,” he said. “We

Security 191

Security Study Online Technology 191

PYMNTS

OCTOBER 12, 2020

The target was systems linked to the dissemination of Trickbot, a botnet that has been used by some sophisticated players since late 2016 to deploy ransomware , especially in attacks on financial institutions (FIs). Microsoft Corp. is well-known for making products to defend computers that run its software from attacks, but on Monday (Oct.

System 232

System Operations Security Technology 232

PYMNTS

FEBRUARY 13, 2017

A new report by Intel Security , released today (Feb. But enterprise cloud technology still has a ways to go before it is not only ubiquitous across corporations but operates the way an organization needs it to, said Raj Samani, Intel Security CTO for EMEA. I think the rate at which this has dropped is quite surprising,” Samani said.

Security 195

Security Survey Strategy Technology 195

PYMNTS

JUNE 24, 2020

Neil Campling, an analyst at Mirabaud Securities, told CNBC that the transaction was structured in such a way that SoftBank took no financial risk. The Netherlands accounting firm said it was unable to conclude whether revenues booked from three partner processing companies ever existed for 2016, 2017 or 2018, CNBC reported.

Fraud 262

Fraud Groups Report Security 262

Perficient

JULY 16, 2020

In addition, GDPR mandates security of the data. Since 2016 this has allowed for data sharing across borders. The verge reports on a new ruling from the EU that will change how or even if personal data from Europe can enter the United States. Many companies like Facebook share data between countries and servers between countries.

Data 309

Data United States California US 309

PYMNTS

NOVEMBER 7, 2016

Their predictions for 2016 turned out to be accurate, so it’s best to pay attention. Regardless of source and motive, it is essential that security specialists work to improve safety measures in place and create plans for if and when an attack on infrastructure occurs. The urgency is real.

Security 202

Security Strategy Mobile System 202

Bank Innovation

FEBRUARY 2, 2018

Danish credit card fraud significantly increased in 2016, Bloomberg said, and reports of online fraud in the country have increased 300% from reports in 2009. […]. As online banking becomes more popular, countries are grappling with cybersecurity.

Fraud 246

Fraud Digital Banking Cards Online 246

PYMNTS

SEPTEMBER 9, 2019

29 percent of small businesses spend less than $1,000 on IT security each year , data from Untangle revealed in its 2019 SMB IT Security report. SmallBizTrends reported last week that this data conflicts with Untangle’s other finding: that 80 percent of businesses surveyed agree IT security is a top priority.

Strategy 180

Strategy Security Technology Data 180

Chris Skinner

APRIL 11, 2017

I heard this in various White House meetings in 2016, and assumed all banks and bank people felt the same way. Here is his response … Dear Chris I don’t know of any facts to support the assertion that “In the USA, there is a move by the big banks to get Washington to outlaw access to bank data based on security.

US 299

US Policies Washington New York 299

PYMNTS

FEBRUARY 23, 2020

Since leaving that role in 2015, he has worked in other capacities for JPMorgan, chairing its international business between 2016 and 2019. Currently, he works as a non-executive director at the JPMorgan Securities PLC, one of the bank’s primary European legal arms.

Digital Banking 255

Digital Banking Lending Regulation Operations 255

PYMNTS

APRIL 7, 2017

Today, APIs have become a popular way for banks to share this financial data with other services and have given rise to more possibilities for FinTechs in how they meet their customers’ needs — and more debate about the security of such facilitated information-sharing.

Data 191

Data Technology Security Tools 191