Bank Innovation

MARCH 28, 2018

The Internet of Things is notoriously insecure — unsecured, or poorly secured IoT devices have contributed to a number of cyberattacks, and these are on the rise as the number of devices increases. There are more than 8 billion connected devices today, with over 20 billion estimated for 2020.

Security 268

Security Video Bitcoin blockchain 268

Abrigo

FEBRUARY 27, 2020

Key Takeaways FinCEN hires Digital Innovation Officer to prove commitment to innovation in BSA/AML. Abrigo embraces innovation with the introduction of artificial intelligence scenarios. Abrigo Embraces Innovation with Machine Learning Scenarios. Be at the forefront of innovation in BSA/AML. learn more.

Innovation 195

Innovation Software United States Compliance 195

PYMNTS

FEBRUARY 26, 2020

Credit unions (CUs) are performing well as the new decade dawns, with a recent study finding that CUs increased their loan originations by 29 percent from Q4 2018 to Q4 2019. This makes data security of utmost importance to CUs, but even attacks on unrelated third parties can be devastating to CU members. percent in 2016.

Nevada 192

Nevada Security Innovation Data 192

PYMNTS

NOVEMBER 9, 2018

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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Innovation Retail Maine Security 174

Abrigo

OCTOBER 22, 2024

Since we founded the day of recognition in 2018, it’s become an opportunity for the nation to show gratitude for FinCrime fighters’ work in the financial industry. Growing challenges and complexity Financial crime isn’t what it used to be; cybercriminals are more innovative, faster, and harder to catch.

Security 221

Security Fraud Community National 221

PYMNTS

DECEMBER 26, 2018

Akli Adjaoute, CEO of Brighterion , wrote this AI-focused piece as part of our 2018 year-end eBook. . 3, 2018, the U.S. Treasury’s FinCEN and Federal Banking agencies issued a joint statement encouraging innovative industry approaches to combating money laundering, terrorist financing and other illicit financial threats.

System 191

System Compliance eBook Examples 191

PYMNTS

JANUARY 30, 2020

This payment rail’s use is going strong in the United States, with debit card penetration reaching 78 percent in 2018. 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. The solution is.

Security 182

Security Fraud ATM Cards 182

PYMNTS

OCTOBER 29, 2018

While these initiatives are spurring more focused financial services innovations, they also come with challenges. These initiatives could also lead to an increase in security risks, since sharing data among a range of financial service providers creates new opportunities for it to fall into the wrong hands.

Security 192

Security Fraud Tools Data 192

PYMNTS

FEBRUARY 24, 2020

The one thing we all have to learn: it is not about the innovations themselves. We get very excited about our innovative capabilities, and we are extremely proud of all of our IP and patents in this area. Those innovations have illumination that there is value here beyond a great light,” said Karner.

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Innovation US Data Examples 221

PYMNTS

JULY 24, 2019

billion IoT devices by 2025, up from 7 billion in 2018. Despite IoT’s popularity, however, security a nd privacy issues continue to make headlines. In the July Intelligence of Things Tracker™ , PYMNTS explores the latest news in IoT, including partnerships, innovations, security risks, and oversight from world governments.

Security 172

Security Regulation Industry Study 172

Bank Innovation

MARCH 22, 2018

As data security and usage becomes more of a hot topic for businesses in 2018, most financial executives are feeling positively about the cybersecurity at their institutions, a report by IBM Resilient found.

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Study Survey Security Data 268

PYMNTS

OCTOBER 27, 2020

The acquisition builds on a strategic partnership and investment made in 2018, where Visa invested in the company back then. With the acquisition, Visa hopes to boost its 'network of networks' strategy, reducing the time to market and costs for issuers and processors who need to access innovative operating solutions, the release says.

America 297

America Innovation Strategy Regional 297

PYMNTS

APRIL 23, 2020

More banks are therefore moving away from legacy core systems to embrace cloud-native architectures to power automation and meet the speed expected by consumers, securely. The partnerships are part of a larger plan by Lloyds Bank to enhance its online banking offerings, an initiative that began in 2018. The bank has designated $3.7

Digital Banking 262

Digital Banking Security Innovation Google 262

Bank Innovation

MAY 7, 2019

Compliance startups and security firms are banking on artificial intelligence playing a key role in know-your-customer/anti-money laundering processes, rather than being just a trend in regtech. billion in 2018 and is projected to climb to $165 billion by 2025 and $300.5 billion by […].

Compliance 170

Compliance Security Trends Operations 170

Bank Innovation

SEPTEMBER 29, 2017

The hack has laid out the red carpet for startups focusing on data security. Based in London, Nuggets is a zero-knowledge security company that uses blockchain technology and biometric authentication to protect […]. EXCLUSIVE – With the Equifax hack, the perils of a data breach are no longer a hypothetical problem.

blockchain 199

blockchain Security Data Technology 199

Perficient

SEPTEMBER 15, 2020

Savvy healthcare innovators leverage the power of consumerization by first observing what works in domains outside of their own, and then adapting those successes to address their own challenges. What might you learn from studying emerging innovations used by virtual personal trainers, e-learning platforms, or even credit card companies?

User Experience 427

User Experience Innovation Branding Customer Experience 427

PYMNTS

FEBRUARY 11, 2019

Amid great technological change, health and beauty retailers are developing strategies to drive innovation. And many retailers are heeding the call: According to the PYMNTS Retail Innovation Readiness Index , 60 percent of health and beauty merchants are focusing on innovation. About the same share — or 60.9

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Innovation Retail social media Apple 166

Bank Innovation

MARCH 19, 2018

This was the message from the NextGen Mobile Payments panel at Bank Innovation 2018, where payment experts like Ashish Tajpuria, senior vice.Read More. With the advance of face, finger, and voice identification, biometric technologies will be integrated with IoT devices to provide a better customer payment experience.

Video 247

Video Payments Mobile Innovation 247

Perficient

OCTOBER 30, 2024

Pursuant to requirements and authorities outlined in the Anti-Money Laundering Act of 2020 (the AML Act), FinCEN is also taking several steps to create the necessary regulatory and examination environment to support AML/CFT-related innovation that can enhance the effectiveness and efficiency of the Bank Secrecy Act (BSA).

Regulation 221

Regulation FDIC Compliance Innovation 221

PYMNTS

APRIL 22, 2020

While there has been some innovation in wage payment mechanisms as more employers shift away from the paper check toward direct deposit and payroll cards, little has changed about the timing of those payments. ACH Innovation Breaks The Mold. I incorporated the business the next month, in April 2018.”.

Innovation 155

Innovation Payments Fintech System 155

PYMNTS

OCTOBER 8, 2020

Mobile ordering services, advanced drive-thrus and customer safety and security are the top customer priorities for restaurants amid the pandemic. Safety and Security. Securing payment data and other aspects of the customer experience is the keystone to driving customer demand during the pandemic and in the future.

Innovation 141

Innovation Fraud Mobile Security 141

PYMNTS

AUGUST 14, 2020

Ahead of an intended initial public offering (IPO), Alibaba Group Holding’s Ant Group has conducted a preliminary filing with the securities watchdog of China, Reuters reported. In a 2018 fundraising round, the firm was valued at $150 billion. Ant started talks with banks to bring back plans for an IPO in January.

Groups 262

Groups Security Report Regulation 262

PYMNTS

DECEMBER 8, 2020

"Our new financing will allow us to further distinguish our offerings and customer experience as an industry innovator," said Modal CEO and Founder Aaron Krane. American Honda has worked with Modal, formerly Drive Motors, since late 2018 to create branded online buying tools for Honda and Acura.

Oklahoma 253

Oklahoma Branding Tools Online 253

Bank Innovation

DECEMBER 15, 2018

Heads spun the next day, too, when the head of the Securities Investor […]. Heads spun when it announced in December its plan to offer no-fee checking and savings accounts that pay a 3% interest rate.

Fintech 170

Fintech Security Company America 170

PYMNTS

FEBRUARY 11, 2020

To help diners make the best use of their mobile devices to order meals, quick-service restaurants (QSRs) are tapping into mobile innovations. From Dunkin’ Brands to Grubhub , QSRs and ordering platforms are driving innovation with mobile ordering technology.

Mobile 144

Mobile Innovation Fraud Branding 144

PYMNTS

DECEMBER 26, 2018

These podcasts focus on innovation, best practices, learning from past failures and the like. And that serves, in turn, to open the door wider for tokenization and data accessibility in a way that remains secure. QSRs as Innovation Hotbeds. What does that mean? Lots and lots of new links. That will not change anytime soon.

blockchain 157

blockchain Payments Online Innovation 157

PYMNTS

APRIL 29, 2020

The proliferation of “smart agents” that handle these tasks is a glimpse of more innovation to come, as AI proves its worth to financial institutions (FIs) in the great reopening. The latter finding is a marked shift from our 2018 study, in which just 27.3 Our research shows that 92.9 percent are doing so in credit underwriting.

Payments 250

Payments System Management Security 250

PYMNTS

FEBRUARY 25, 2020

Chang’s rolled out its mobile ordering app in August 2018, but its rewards program has been in place since July 2015. This work is meaningless, though, if fraudsters can run amok in user accounts, and restaurants are not immune to emerging, innovative fraud. The Secret Sauce Of Security. Cooking Up A Fresh App .

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Security Mobile Chicago Trends 140

PYMNTS

FEBRUARY 14, 2018

We turned to 39 executives in the space with a simple question: What’s next for 2018? If 2017 was the year of disruption , what will 2018 be? Simply stated, 2018 will be the year of the satisfied customer – because the players that fail to satisfy will also fail to have customers. The winners in 2018?

US 199

US Payments Bitcoin Retail 199

PYMNTS

JUNE 20, 2018

In meetings and calls with analysts last week, executives from top banks such as Bank of America , JPMorgan Chase and Citi — along with payment companies such as Visa — explained how they are leveraging technology to drive innovation. CFO Vasant Prabhu said on the William Blair 2018 Growth Stock Conference Call on Wednesday (June 13).

Mobile 150

Mobile Innovation Payments America 150

PYMNTS

JANUARY 27, 2020

Data: 650 percent: Increase in the popularity of cauliflower crust pizza orders on Grubhub from 2018 to 2019. The latest digital ordering developments, however, include techniques to limit coupon fraud damages. All, this Today in Data. 42 percent: Share of consumers who use mobile order-ahead services to find coupons.

Mobile 151

Mobile Innovation Fraud Data 151

PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. Much has been said about the wealth effect of those who held and hold stock market securities, and much has been written about income disparity. Invention can become necessity.

Lending 148

Lending Innovation Fintech Cards 148

PYMNTS

JANUARY 4, 2019

According to The Economic Times , revenue reached Rs 260 crore in 2018 from Rs 21 crore the previous year. While the basic payment platform, coupled with the security features, are the same as in the U.S., we have added local modifications here, like two-factor authentication … as per regulatory requirements,” said the source.

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Innovation Online Google Technology 193

PYMNTS

APRIL 1, 2020

Customers today expect to be able to access financial services instantly, which can put pressure on CUs that need to stretch restricted technology budgets into innovative new features. percent reporting in the PYMNTS Credit Union Innovation Index that they would switch financial institutions (FIs) due to a lack of innovation.

United States 181

United States Innovation Online Tools 181

PYMNTS

JANUARY 27, 2020

Fraudsters’ attempts to access systems and steal valuable information are becoming more innovative, and research suggests they are also increasingly successful. percent increase from 2018. Ensuring Secure Workplace Practices. million in 2019 — a 1.5 Fighting the Phishers.

Fraud 249

Fraud Policies Security Resources 249

PYMNTS

JANUARY 17, 2020

Artificial intelligence (AI) is moving from cool concept toward everyday consumer reality, and signs of that innovation are increasingly appearing in the retail space. Take the issue of retail security as one example. Reducing network demands, the technology works even if cloud connection is lost.

Retail 149

Retail Security Fraud Illinois 149

PYMNTS

JANUARY 11, 2021

Storonsky said Revolut wants to develop “many more innovative products” that will advance “innovation and competition” across the financial services sector. Revolut was granted a European Union banking license in Lithuania in December 2018 and has begun operations in central Europe. billion valuation.

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cryptocurrency Leadership Bitcoin Fintech 216