Accenture

OCTOBER 14, 2024

In October 2024, Apple is set to open its NFC (Near-Field Communication) technology using the Secure Element (SE) to third-party platforms, ushering in a new era of competition and innovation in digital wallets.

Apple 195

Apple Innovation Retail Fintech 195

Jack Henry

FEBRUARY 20, 2024

The new year is here, and once again I’ve compiled a summary of predictions for cybersecurity in 2024. The following are what analysts and industry experts agree are the current cybersecurity trends and threats we must prepare for as we execute plans for the year.

Trends 88

Trends Industry Fraud Security 88

Abrigo

MARCH 8, 2024

Takeaway 1 Bank w ire transfer fraud is increasing due to technological advances today. Takeaway 3 Education and technology tools are our best defense against b ank wire transfer fraud in our institutions. While wire transfers offer speed and efficiency, they have always carried inherent risks. The best defense is a good offense.

Fraud 195

Fraud Technology Trends Training 195

Perficient

JANUARY 23, 2024

This post has been updated to reflect FINRA Regulatory Notice 24-02, issued January 23, 2024. The COVID-19 pandemic prompted several unprecedented shifts in society, notably impacting the workplace and necessitating the adoption of innovative technologies that facilitate collaboration and efficiency in a work-from-home (WFH) environment.

Compliance 221

Compliance Regulation Industry Maine 221

Javelin Strategy & Research

NOVEMBER 7, 2023

Banner Section Home Rss.xml 2024 Trends & Predictions Javelin’s Trends & Predictions reports look at the coming year across the range of Javelin Strategy & Research’s practice areas—digital banking, fraud & security, payments, and wealth management—and highlight the compelling challenges and opportunities likely to emerge.

Trends 45

Trends Fraud Digital Banking Strategy 45

Perficient

NOVEMBER 1, 2024

The following year, in December 2023, the US Treasury Department issued an RFI that sought input to inform its development of a national financial inclusion strategy; that RFI included questions related to the use of technologies such as AI in the provision of consumer financial services.

Regulation 221

Regulation US Community National 221

Perficient

OCTOBER 24, 2024

On June 6, 2024, the Office of the Comptroller of the Currency (“OCC”) Acting Chairman, Michael J. Hsu, addressed the 2024 Conference on Artificial Intelligence (AI) and Financial Stability, provided critical regulatory insights on the OCC’s thinking on AI.

Regulation 221

Regulation Risk Management Compliance Fraud 221

PYMNTS

OCTOBER 19, 2020

Cross-border payments between businesses are expected to reach $35 trillion by 2022 and 2024 could see up to $240 billion in person-to-person (P2P) payments. A recent survey found that one-third of businesses were worried about cross-border payments fraud, while 26 percent expressed data security concerns.

Technology 193

Technology Payments Security Survey 193

South State Correspondent

JANUARY 30, 2024

Marketing and technology (IT) are two budgets that have taken the most significant hit. In this article, we partner with Gartner to look at 2024 key IT metrics and provide strategic insight into how much your bank should be spending on IT. Technology-forward banks spend as much as 16.4% and 11.1%, with a median of 8.1%

Capital 195

Capital Operations Customer Experience Comparison 195

PYMNTS

FEBRUARY 28, 2019

It was led by “Energize Ventures and Lux Capital, each of whom invests heavily in companies, fundamentally advancing how society implements and utilizes advances in technology,” Zededa said in a statement. IoT Security Concerns. percent by 2024. Security Upgrades?

Security 198

Security Survey Course Data 198

Javelin Strategy & Research

NOVEMBER 8, 2024

With one report per practice area, we offer strategic insights across Digital Banking, Fraud & Security, Payments, and Wealth Management. Though the financial services industry is always working to develop the latest and greatest technology for fraud detection and prevention, there are more than a few opportunities on which financial ins.

Trends 40

Trends Report Fraud Digital Banking 40

PYMNTS

SEPTEMBER 27, 2019

The latest IoT Tracker delves into new applications for IoT, as well as its limitations, with a focus on supply chains and security. Technological advancements in packaging, processing and storage of seafood products are expected to drive the growth. What About Security? billion by 2025.

Security 193

Security Oregon Survey Industry 193

BankInovation

AUGUST 21, 2024

Financial institutions are looking to AI and generative AI to mitigate the rising risk of cyberattacks as fraudsters take advantage of the technology.

Technology 131

Technology Company Google Security 131

Abrigo

AUGUST 5, 2024

The basics of counterfeit check detection for banks and credit unions Check fraud is surging and technology advances aren't helping. Takeaway 2 Counterfeit checks often look like the real deal, but they usually miss security features. Watermarks : These are critical security features that are hard to fake.

How To 195

How To Fraud Training Software 195

The Financial Brand

JANUARY 1, 2024

This article Trends 2024: Banks Must Ramp Up Protections as Mobile Fraud Grows appeared first on The Financial Brand. An explosion of malicious software targeting mobile applications and their users will be security priority No.

Trends 35

Trends Fraud Mobile Branding 35

American Banker

MAY 1, 2024

Mark Warren and Thom Tillis have introduced the Secure Artificial Intelligence Act of 2024 to address the unique risks of AI.

Security 41

Security National Technology 41

Perficient

OCTOBER 28, 2024

Lenders are prohibited against discrimination and must meet the requirement to provide consumers with information regarding adverse action taken against them, as required pursuant to the Equal Credit Opportunity Act (ECOA).

Regulation 221

Regulation Fraud Tools Compliance 221

BankInovation

DECEMBER 8, 2023

As AI in the banking industry continues to grow, financial institutions must be confident in the accuracy and security of the technology, according to the Bank of England’s Dec. 5 Financial Stability Report.

Security 72

Security Industry Technology Report 72

Perficient

JANUARY 3, 2024

The COVID-19 pandemic prompted several unprecedented shifts in society, notably impacting the workplace and necessitating the adoption of innovative technologies that facilitate collaboration and efficiency in a work-from-home (WFH) environment. What’s New?

Compliance 221

Compliance Risk Management Regulation Industry 221

Abrigo

FEBRUARY 22, 2024

You might also like this upcoming webinar on Homeland Security fraud investigations. 4 statistics Poll responses highlight the need for check fraud prevention Abrigo recently polled banks and credit unions about their AML/fraud concerns for 2024. Read on for cutting-edge prevention methods.

Fraud 195

Fraud Trends Training Maine 195

American Banker

JULY 5, 2024

In this month's roundup of top tech news: U.S. Bank partnered with Greenlight to provide financial education resources, ransomware group LockBit released data belonging to Evolve Bank & Trust, banks consider the merits of open-source and closed-source generative AI and more.

Data 86

Data Resources Groups Cyber Security 86

Gonzobanker

JANUARY 4, 2024

In 2024, Smarter Banks will go on offense and differentiate with the customer experience. In the spirit of New Year’s resolutions, here are three ways “Smarter Banks” will flip the customer experience (CX) script in 2024. #1 2024 is an opportunity to go on offense and make CX a true point of competitive differentiation.

Customer Experience 108

Customer Experience Community Knowledge Base Tools 108

Perficient

FEBRUARY 2, 2023

Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners. To use this offering, cardholders enrolled a fingerprint to have securely stored on their card. million in 2024.

Industry 471

Industry Trends social media Payments 471

Abrigo

JULY 9, 2024

Takeaway 3 The rule also emphasizes that AML/CFT programs must be approved and overseen by the institution’s board of directors, and it encourages the adoption of new technologies. On June 28, 2024, FinCEN issued the long-awaited Proposed Rule to Strengthen and Modernize Financial Institution AML/CFT Programs.

Compliance 221

Compliance Fraud Regulation National 221

Perficient

JUNE 25, 2024

Hsu, addressed the 2024 Conference on Artificial Intelligence (AI) and Financial Stability, providing critical regulatory insights on AI. On June 6, Acting Comptroller of the Currency, Michael J. Hsu discussed the systemic risk implications of AI in banking and finance using a “tool or weapon” approach.

Case Study 221

Case Study Risk Management Analysis Innovation 221

American Banker

OCTOBER 31, 2024

This month's roundup features news about the rising concerns of Zelle fraud, JPMorgan Chase's AI arms race with Capital One and more.

Fraud 65

Fraud Capital Cyber Security Security 65

PYMNTS

FEBRUARY 10, 2020

Approximately 800 million facial recognition-equipped mobile devices are expected to be in circulation by 2024, in fact, with an additional 4.6 Banks are working on new biometric security solutions in response to this trend in customer preference. billion smartphones equipped with fingerprint recognition in the same timeframe.

social media 236

social media Colorado Louisiana Security 236

PYMNTS

JUNE 9, 2020

FinTech firms and government bodies are responding to the wave of cybercrime by developing new anti-money laundering (AML) and know your customer (KYC) technologies, particularly those leveraging biometric authentication factors. billion by 2024. Around The Digital ID World. About The Tracker.

Online 195

Online Report Compliance Fraud 195

PYMNTS

DECEMBER 31, 2020

Security challenges are mounting, too. PIN-based debit transactions are some of the most secure, but this payment method is being used less and less, with consumers instead turning to eCommerce and in-person contactless payments during the pandemic. 3D Secure 2.0 The Face of Fraud. Not all CP purchases are equally safe, however.

Fraud 273

Fraud Strategy Security Cards 273

Fintech Labs Insights

FEBRUARY 26, 2024

With AI mentioned in every press release, trade publication article and marketing pitch, it’s hard to follow just who is actually using the technology in their production systems and financial services offerings. Online Digital Banks for Small Business (SMB) Feb 2024

Fintech 15

Fintech Fraud Cards Branding 15

Perficient

OCTOBER 15, 2024

Banks process an astronomical amount of sensitive information daily—think trillions of transactions annually—and they need to manage that data efficiently and securely. Thankfully, in 2024, we’re spoiled with a variety of platforms designed specifically to handle this madness. It’s essential for survival.

Tools 221

Tools Data Compliance Regulation 221

PYMNTS

NOVEMBER 24, 2020

The new company seeks to expand into 49 states by the end of 2022, with a premium run-rate of $1 billion by the end of 2024, the company said. Morgan Securities, Wells Fargo and Northland Capital Markets. Morgan served as financial adviser to Metromile on the deal. INSU II was advised by Cantor Fitzgerald, J.P. 3, Ford Motor Co.

Arizona 264

Arizona Pennsylvania Capital Washington 264

PYMNTS

JANUARY 3, 2019

According to an article via the MIT Technology Review , this will be the year that blockchain becomes “boring,” with innovative projects that will “bear fruit” this year even amid the declines seen last year in the sector, and in cryptocurrencies. The new year brings time for reflection and projection.

blockchain 195

blockchain cryptocurrency Security Report 195

Abrigo

FEBRUARY 8, 2024

Takeaway 2 Client fraud education at financial institutions should include takeaways that explain how to protect themselves from phishing and tips for staying secure online. Fraud schemes, evolving with technology, are more sophisticated and more complex to detect. Fraudsters have adjusted their tactics as technology has changed.

Fraud 195

Fraud Resources social media Software 195

PYMNTS

APRIL 27, 2020

billion by 2024, and a separate study suggested that many customers were willing to use FinTechs as well as their primary banks to receive the level of technological support they desired. This type of strategy also allows FIs to implement digital technologies at more measured paces.

Digital Banking 248

Digital Banking Tools social media Mobile 248

PYMNTS

JANUARY 29, 2019

billion on the technology before the year’s end, and the country is far from the top spender. However, all that growth may be hampered by the fact that consumers are still wary of IoT when it comes to security. BlackBerry , for one, is now offering a suite of online tools to manage IoT security for clients. Around The IoT World.

Security 162

Security United States Online Software 162

American Banker

JANUARY 8, 2024

Many of the attack vectors, including ransomware and phishing, will likely continue to plague the industry through 2024.

Industry 92

Industry Cyber Security Data Security 92