Bank Innovation

APRIL 26, 2019

Capital One Financial plans to complete the exit from its data centers and to go fully into the public cloud by the end of 2020, Chairman and CEO Richard Fairbank said during the bank’s first-quarter earnings call on Thursday. based bank is expecting its full-year operating efficiency ratio to improve to 42% in […].

Capital 170

Capital Operations Data Digital Banking 170

PYMNTS

JANUARY 27, 2021

Some schemes that are impractical to wage in person are simpler to perpetrate online because of a decreased security presence, the anonymity of transactions and fraudsters’ abilities to stage hundreds of attacks simultaneously. Bot activity is the third major threat banks faced in 2020. The Fraud Threats Facing Digital-First Banks.

Security 213

Security Innovation Fraud Study 213

Abrigo

DECEMBER 19, 2019

Due to new and emerging technologies, changing regulations, and ever-evolving customer expectations, banks and credit unions across the country are taking an assortment of different strategies to achieve their growth goals in 2020. Resolve to make quicker loan decisions in 2020. If only it could be that simple. Learn more.

Lending 195

Lending Fraud Community FDIC 195

PYMNTS

NOVEMBER 30, 2020

While digital has been on the rise in seasonal shopping for the last several years, it entered the 2020 season on unusually strong footing. Before March 2020 66.2 As for what consumers really want, heading into the back half of the 2020 holiday shopping season? percent say they still are. percent to 25.7 percent to 10.9

How To 232

How To Online Google Cards 232

PYMNTS

OCTOBER 8, 2020

Risk management platform Feedzai announced a 44 percent increase in growth for the first half of the fiscal year for 2020, which a press release says was one of the company’s most successful so far. Comparing it favorably to the first half of 2019, Feedzai says it closed deals in the U.S., EMEA, Asia and the Pacific and Latin America.

Report 247

Report Fraud Risk Management America 247

PYMNTS

JULY 9, 2019

Those three words strike at the heart of identity, and mean so very much when it comes to the efficient operation of the global digital economy and its continuing growth, whether via retail, payments, financial services, healthcare or other areas. ID Data Points. Everything is moving toward digital.”.

Security 191

Security Online Fraud Samsung 191

PYMNTS

MAY 4, 2020

He will be tasked with developing strategy, direction and comprehensive success of Mastercard’s operations across 53 countries in Europe. Barnett is taking the place of the current president of 15 years, Javier Perez, who is retiring at the end of 2020. Perez joined the company in 1996 and was a driving force in the growth of payments.

Operations 141

Operations Regulation Regional Retail 141

PYMNTS

DECEMBER 24, 2020

market for initial public offerings (IPOs) had a banner year in 2020 despite the pandemic — or perhaps because of it. billion during 2020’s first nine months. percent during 2020’s first nine months to $1.75 Co-founded in 2011 by Facebook veteran Doug Hirsch (now GoodRx’s CEO), the company has operated in the black since 2016.

US 230

US Company Report Payments 230

PYMNTS

JULY 29, 2019

Apple won’t be the first major vendor offering a 5G smartphone, but all three iPhones scheduled for release in 2020 will accommodate the new cellular network. . Analyst Ming-Chi Kuo of TF International Securities said 5G will be on all the new phones, not just on the two highest-end models, CNBC reported on Monday (July 29). .

Apple 164

Apple Resources Report Mobile 164

PYMNTS

DECEMBER 31, 2020

Key Data Points: Consumers are performing 12 percent more activities at home in 2020 than they did in 2019 and making purchases during 12 percent of those activities, on average. Key Data Points: 60 percent of small restaurant operators have had their revenues decline since the pandemic began. 31 percent bank via app. percent to 11.5

Data 277

Data Innovation Payments Millennials 277

PYMNTS

DECEMBER 26, 2019

A year from now then, by December 2020, it’ll be interesting to see where we’ve been and where we thought we’d be — and what might come next. A year from now, the end of 2020 may be marked by a holiday season tied to robust holiday shopping done through mobile means and contactless payments amid a surge of contactless cards issued by banks.

eBook 137

eBook Payments Course Trends 137

Gonzobanker

JANUARY 17, 2020

Well GonzoBankers, the gang is back to work and we are all headed face-first into 2020 – a year with more uncertainty than most about how things will turn out. So, to get your Gonzo executive brains warmed up for a new year, I offer you 20 important banking realities for 2020 to guide your strategic execution efforts: 1.

Customer Experience 125

Customer Experience Fintech Regional Cards 125

PYMNTS

FEBRUARY 7, 2020

But this fallback option (less secure though it may be) will disappear, said Edwards, as authentication methods improve on the digital front. Various points along the continuum of healthcare also may operate with different systems. I believe the time has arrived for healthcare RFPs in 2020.”.

Payments 164

Payments Data System Security 164

PYMNTS

FEBRUARY 28, 2019

IoT Security Concerns. A company such as Zededa generally operates in an area called “edge computing,” which a recent article from PCMag.com defined as “an architecture in which data is processed closer to where it originates.” By 2020, according to a Gartner Research estimate , there will exist some 20.4 Security Upgrades?

Security 198

Security Survey Course Data 198

PYMNTS

DECEMBER 30, 2020

Many CUs found themselves quickly shifting to new solutions and operating procedures to accommodate branch closures or social distancing mandates, and the strategies they have developed to cope with this new reality have persisted even as they begin reopening. CUs had big plans to boost their digital innovations when 2020 began.

Trends 137

Trends Innovation Study Technology 137

Cisco

NOVEMBER 16, 2020

Ways to leverage IoT sensors, and networking & security solutions for remote work & branch ATMs. Secure and compliant remote work enablement. Aligning employee video conferencing and collaboration use with your security, risk, and compliance requirements. Create the Next Generation Agile, Secure and Intelligent Campus.

Security 138

Security Compliance Video ATM 138

PYMNTS

AUGUST 4, 2020

Financial institutions (FIs) plan to spend 15 percent more protecting their computer networks in 2020 than they spent in 2019, according to a report based on the results of a survey conducted by Deloitte & Touche LLP and the Financial Services Information Sharing and Analysis Center.

Survey 265

Survey Security Analysis America 265

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

FEBRUARY 20, 2020

One of the major factors weighed by owners when making that choice is how they will receive payments from guests, which is why it is critical for intermediary platforms to make sure home owners can receive payouts both easily and securely. alone expected to participate in this type of work in some form by the end of 2020.

Security 161

Security Regulation New Jersey Payments 161

Abrigo

SEPTEMBER 23, 2024

Takeaway 3 Taking responsibility for the security of your own data includes report monitoring, exercising caution with links, and using strong passwords. Nearly 170 million individuals were impacted, and compromised data included Social Security numbers, names, email addresses, phone numbers, and mailing addresses.

National 195

National Data Fraud Security 195

PYMNTS

OCTOBER 7, 2020

LINE’s digital exchange operator and blockchain division LVC is rolling out a way for users to loan out digital assets to BITMAX, such as ethereum and bitcoin, CoinDesk reported. In other news, about 75 digital currency exchanges have shuttered because of exit schemes, breaches or unknown reasons in 2020, 4crypto reported.

Bitcoin 171

Bitcoin Lending blockchain cryptocurrency 171

PYMNTS

DECEMBER 24, 2020

Consumers, in short, entered spring 2020 realizing that their old, largely physical habits for feeding themselves were a bad fit in a world where proximity between themselves and strangers was frowned upon as a public health liability. The Secret Sauce For Securing Foods Digital Future Is Forethought. “If

Industry 206

Industry Study United States Innovation 206

PYMNTS

JULY 18, 2020

It’s been 129 days since the NBA officially announced its shutdown and played its last regular-season game of 2020. And for those players, it really will be a small world after all – as players, coaches, team staff and anyone actively participating in the remainder of the 2020 season will be quarantined together.

Exercises 192

Exercises New York City Wyoming Hawaii 192

PYMNTS

JANUARY 24, 2020

In its oversubscribed series A funding round, OnPay , a Georgia-based payroll software startup, secured $6 million, the company said this week. The firm, based in South Africa, said it will use the funding to scale operations across Southern Africa, the U.S. Flutterwave. million euros (nearly $75 million) in fresh funding for the firm.

Fintech 198

Fintech Capital San Francisco Georgia 198

Banking Exchange

JANUARY 10, 2022

Fraud cases increased by 343 between 2020 and 2021 Risk Management Security Cyberfraud/ID Theft Operational Risk Feature3 Feature.

Fraud 145

Fraud Risk Management Security Operations 145

PYMNTS

NOVEMBER 30, 2020

State mandates have also forced some businesses to close or limit on-premises operations, prompting such merchants to connect with consumers online instead. Fraudsters have redoubled their attacks on eCommerce channels, however, making consumers more concerned about data security. Streamlining Onboarding Security.

Cards 151

Cards Security ATM Data 151

PYMNTS

JANUARY 21, 2020

As of 2020, about 25 percent of American renters are paying over 50 percent of their monthly income in rent , according to Apartment List. The average security deposit in the U.S. Their savings might cover the security deposit — barely, in some cases — but will more or less be consumed.

Security 132

Security Denver Los Angeles Wichita 132

CFPB Monitor

DECEMBER 22, 2020

Additionally, service providers to banking organizations would be required to notify at least two individuals at affected banking organization customers immediately after the bank service provider experiences a computer-security incident that it believes in good faith could disrupt, degrade, or impair services provided for four or more hours.

Security 78

Security Report FDIC Regulation 78

PYMNTS

FEBRUARY 24, 2020

The capital was secured by way of high customer demand and engagement, along with Revolut’s strong financial performance in the last two years. and roll out more banking operations across Europe. The round placed Revolut’s value at $5.5 Improving customer service is also a priority, a press release stated.

Capital 130

Capital Security Lending Fintech 130

PYMNTS

JANUARY 1, 2021

You hear a lot about the new normal and stuff like that, but I really see it as banking at the speed of life,” said CarrieAnne Cormier , senior vice president of Retail Operations and Strategy at Avidia. The past year has been one of the most trying in recent memory for lenders as well as consumers. Digital Identity.

Trends 259

Trends Video Retail Payments 259

PYMNTS

NOVEMBER 4, 2019

The International Organization of Securities Commissions (IOSCO) said existing securities rules could be applied to Libra, Facebook’s proposed cryptocurrency, according to a report by Reuters. That would mean that regulation already in place for securities, like reporting, disclosures and registration, could be applied to Libra. .

Security 100

Security cryptocurrency Regulation Analysis 100

Perficient

SEPTEMBER 29, 2020

The world is quite a different place than it was six months ago, and with the 2020 holiday season fast approaching, the pressure is on to meet revenue goals in what’s been an uncertain year. There’s the experience, there’s the business operations, and there’s the technology and data that has to drive it.

Marketing 294

Marketing Branding Data Industry 294

CFPB Monitor

AUGUST 25, 2022

On August 8, 2022, the District of Columbia Department of Insurance, Securities and Banking (the Department”) issued a Bulletin on money transmission (the “Bulletin”). In support of its position, the Department highlights the July 2020 decision of the U.S. Such entities require a money transmitter license to operate in the District.”

District of Columbia 78

District of Columbia Security Bitcoin cryptocurrency 78

PYMNTS

JANUARY 27, 2021

27) as part of its Q4 and full year 2020 earnings that total revenue surged 33 percent year-over-year for the three months ended Dec. 31, 2020, up 12 percent year over year. 31, 2020, up 12 percent year over year. billion for December 2020, up from 1.66 31, 2020, marking a rise of 14 percent year-over-year.

social media 197

social media Report Security Operations 197

PYMNTS

NOVEMBER 4, 2019

The International Organization of Securities Commissions (IOSCO) said existing securities rules could be applied to Libra, Facebook’s proposed cryptocurrency, according to a report by Reuters. That would mean that regulation already in place for securities, like reporting, disclosures and registration, could be applied to Libra. .

Groups 101

Groups Security cryptocurrency Regulation 101

Abrigo

SEPTEMBER 6, 2024

You might also like this webinar, "Tackling operational risks: Strategies for check fraud and ransomware prevention." billion laundered between 2015 and 2020 through the U.S. real estate between 2015 and 2020. Help them understand how these rules affect their operations and what steps they need to take to remain compliant.

Compliance 195

Compliance Training Fraud Regulation 195

PYMNTS

OCTOBER 2, 2020

Adhering to Payments Card Industry (PCI) Data Security Standards (DSS) is an unavoidable requirement for any and all eTailers that accept card payments, but a surprising number of firms are not up to speed on these standards. The need for digital security has never been more paramount than during the COVID-19 crisis.

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Compliance Data Report Meeting 243