PYMNTS

MARCH 23, 2018

In financial services today, security and innovation can work with each other, and against each other. But customers’ constant demand for cutting-edge products and services is adding to the load of already heavy security burdens. Passwords remain commonplace, despite the evolution of security technology.

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Bank Innovation

NOVEMBER 15, 2017

In addition to fireside chats, startup demos, and general sessions, Bank Innovation’s 2018 conference has added a pre-conference workshop on how to build an innovation team, added even more time […].

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PYMNTS

MARCH 5, 2019

million in 2018, according to a press release from the company. Cybercriminals have steadily been increasing their use of mobile malware , aiming to take advantage of those who do not have security solutions installed on their phones.”. In 2018, the number of mobile users who interacted with malware went up 774,000, reaching 9,895,774.

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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 […].

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PYMNTS

OCTOBER 8, 2018

Giancarlo also revealed that the Commission had imposed fines of more than $10 million in 10 cases in 2018, compared with an average of three big-money cases a year during the Obama administration. Total fines ordered through SEC enforcement activity fell 7.2 percent in 2017 to about $3.8

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PYMNTS

JUNE 29, 2020

Open banking is one of the most significant emerging trends in the financial industry, allowing banks and FinTechs to share financial data in a quick, easy and secure manner across a network of platforms. Security Risks Facing Open Banking. Securing Open Banking Systems.

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Security System Fraud Data 240

Payments Dive

FEBRUARY 12, 2020

In 2018 alone, ACH network volume reached nearly 23 billion payments –70 payments per person in the U.S. In the 12 months ending February 2019, payment volume across the ACH network increased 7.2%, reaching over 100 million ACH payments per banking day, a first for the ACH network. Account validation capabilities have not kept pace.

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Security Payments 274

Bank Innovation

DECEMBER 11, 2017

EXCLUSIVE- Blockchain technology and digital loans will continue to grow in 2018 as banks continue to work on their cybersecurity in the coming year, software provider Mitek predicts. It’s just logical that given the extent of recent data breaches, that we’re going to see more of the same.

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blockchain Fraud Software Fintech 314

PYMNTS

MARCH 6, 2020

The technology’s significance cannot be ignored, as a 2018 survey found that each company manages an average of 363 APIs. Each API an organization leverages gives hackers a new opportunity through which to exploit or infiltrate its network and systems — unless that API is properly secured.

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PYMNTS

JANUARY 4, 2019

Indian tech startups had a huge year in 2018, but the way the money is being distributed has some experts concerned about the future of the country’s financial ecosystem, according to reports. Early startups were a part of 304 deals in 2018 and raised $916 million. billion in funding – the most ever. In 2017, Indian startups got $10.4

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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. Debit network PULSE recently sought to boost its security by adopting a FICO fraud detection platform that can help it quickly detect and respond to suspicious activities. The solution is.

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Security Fraud ATM Cards 182

Bank Innovation

NOVEMBER 3, 2017

Two speakers have joined the speaker faculty of Bank Innovation 2018 for fireside chats: Avin Arumugam, senior vice president of Internet of Things at Visa, and Adam Ludwin, CEO of blockchain startup Chain. Arumugam was previously head of next-generation payment products at JPMorgan Chase, as well as senior products manager at PayPal.

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Innovation blockchain Management Payments 170

PYMNTS

JANUARY 28, 2020

WhatsApp, which boasts end-to-end encryption and high-level security, disclosed 12 vulnerabilities in 2019, seven of which were described as critical, according to a report by the Financial Times. Rogers added that the data “strongly suggests” that WhatsApp hadn’t been taking security of the app very seriously.

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PYMNTS

JUNE 23, 2017

Girl Scouts will soon get the chance to earn their first ever cyber security badges. The Huffington Post reports that Girl Scouts can earn the first of 18 cyber security Girl Scout badges beginning in September 2018. The program will reach as many as 1.8 The program will reach as many as 1.8

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Let's Talk Payments

JUNE 7, 2019

Increasing access to capital, consumer awareness, and acceptance to new ways of managing finances and other ecosystem drivers have been attractive for entrepreneurs in 2018 as well. Figure is a financial technology company that offers consumer credit products by leveraging blockchain, AI, and.

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Fintech United States blockchain Financial Technology 107

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.

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Security Regulation Industry Study 172

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.

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PYMNTS

DECEMBER 3, 2018

According to a report in the Wall Street Journal citing cyber security specialists, the breach in which the personal information of as many as 500 million customers was exposed began in 2014, going undetected until September of 2018.

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PYMNTS

JULY 1, 2019

The financial services landscape is moving to upgrade existing payment infrastructures or create new systems to deliver faster and more secure payments. Data: $79 billion: Estimated value of India’s remittances market in 2018. 40 trillion: Estimated value of funds transferred over SWIFT gpi in 2018.

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Security Payments Apple System 116

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. There were 1.4

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Fraud Security Mobile Tools 140

PYMNTS

OCTOBER 18, 2018

First Data’s 2018 Consumer Cybersecurity Study is based on data from 1,767 U.S. Advances in technology are opening new opportunities for fraudsters to obtain PII, and businesses must proactively respond by implementing technology solutions that keep consumer data safe and secure.”.

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Data social media Study Security 160

PYMNTS

DECEMBER 26, 2018

The following piece was written by Rob Eleveld, CEO of Whitepages Pro , as a contribution to our 2018 year-end eBook. . Payments 2018 was a year of accelerated disruption.

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eBook Fraud Data Payments 149

PYMNTS

OCTOBER 29, 2018

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. Banks, FinTech firms and other financial services firms would be wise to invest more time, effort and resources into open banking security systems.

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Security Fraud Tools Data 192

PYMNTS

DECEMBER 18, 2018

18) that it achieved 342 percent sales growth in 2018 compared with 2017 and that it has a four-year growth rate of 3,857 percent. In a press release, Onfido said 2018 was a landmark year for the company which not only enjoyed strong growth but named key members to its senior team and won accolades from within the industry.

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Fraud Industry Trends Company 128

PYMNTS

AUGUST 16, 2019

Capital One employees raised red flags over security risks before the company suffered a massive data breach. The sources pointed out that about one-third of its employees left in 2018. Safeguarding information is essential to our mission and to our role as a financial institution.

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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. For example, in the context of a wire transfer, first is the transaction layer securing individual transactions such as currency deposits/withdrawals, wire transfers and checks.

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System Compliance eBook Examples 191

PYMNTS

JANUARY 29, 2018

The 2018 predictions seem more like a laundry list of trends and tactics that’ve emerged over the last several years than a discussion of the profound impact these trends have had on the consumer and business payments experience. It’s seemingly all about tactics these days. Starting with mobile wallets. That doesn’t seem to be enough.

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Mobile Online Security Payments 168

PYMNTS

JANUARY 8, 2019

In a press release , Armonk, New York-based IBM said it led the industry in terms of artificial intelligence (AI), cloud computing, security and quantum computing-related patent grants. ” According to IBM in 2018, close to half the patents are related to AI, cloud computing, security, blockchain and quantum computing. .

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blockchain Security New York Leadership 100

BankUnderground

JULY 7, 2020

Chart 1: GDP-weighted “global” public real rates and previous series, 1311–2018. It has been argued that such contracts represent a useful approximation of a “risk free” financial asset over time, since they were secured by real estate, fully transferable, and exempted from any usury laws. Liquidity and market integration back then.

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CA Trends Exercises Data 141

Insights on Business

JUNE 18, 2018

Some important financial technologies are changing the way the world is doing business and that change is now reaching the securities industry. Below are just a few of the sessions surrounding IBM Banking and Financial technologies you won’t want to miss at SIFMA 2018. There will also be many great panel discussions at SIFMA 2018.

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Conference Fintech blockchain Compliance 70

PYMNTS

MARCH 24, 2019

According to a report in The Financial Times , the revelations by current and former employees at the Bremen call center in Northern Germany raise more questions about how the airline protects data security less than a year after it suffered a major data breach. The employees at one of the airline’s largest call centers outside of the U.K.

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Security Data System Technology 145

PYMNTS

JUNE 24, 2020

At the time, Zopa said it raised £60 million ($67.7 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.

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Security Capital Cards Report 215

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.

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Nevada Security Innovation Data 192

PYMNTS

DECEMBER 27, 2018

However, an awful lot is in fact different at the dusk of 2018 than it was at the dawn. The year 2018 saw massive changes in where consumers shop, how they pay, and what goods and services they want in their carts. Yet, as 2018 was coming to a close, Facebook was hit with just a bit more bad news. The Facebook Follies.

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PYMNTS

DECEMBER 28, 2018

Bruce Parker, founder and CEO of Modo , contributed the following piece as part of PYMNTS’ 2018 year-end eBook. So, uh, that’s not exactly how 2018 turned out. The year 2018 turned out to be less about dreaming and more about doing what needed to be done, glamorous or not. Here’s where the innovation really happened in 2018.

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PYMNTS

JANUARY 2, 2020

Data security is an issue with far-reaching consequences. the reported number of exposed consumer records that contained sensitive personally identifiable information jumped 126 percent between 2017 and 2018.

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Security Fintech Data Policies 144

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.

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blockchain Security Data Technology 199