How artificial intelligence can improve payments fraud prevention
Payments Dive
JULY 31, 2024
Generative AI could help spot fraudulent patterns in transaction data and reduce the cost of processing payments, says a McKinsey consultant.
Payments Dive
JULY 31, 2024
Generative AI could help spot fraudulent patterns in transaction data and reduce the cost of processing payments, says a McKinsey consultant.
TheGuardian
JULY 31, 2024
Federal government’s promise to force banks to reimburse scam victims criticised as ‘too vague’ and ‘a mess’ Get our morning and afternoon news emails , free app or daily news podcast The government’s proposed reforms to laws on financial scams let the banking system off the hook, are inferior to policies applied overseas, are complicated for victims and will not be legislated before Australians lose many more billions of dollars, according to consumer advocates.
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Payments Dive
JULY 31, 2024
Slowing card volume growth in the network giant’s earnings report this month revived questions about the longevity of its core business.
BankInovation
JULY 31, 2024
HSBC continued to invest in digitalizing its retail and transaction banking businesses in the first half of 2024. “The steps we’ve taken to change our retail business model and our continued investment in people and digitization have made wealth a key driver of revenue growth,” Chief Executive Noel Quinn said during today’s H1 earnings call.
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Payments Dive
JULY 31, 2024
Just Walk Out is rolling out an advanced AI model that the company says will make its system more accurate and efficient and less costly to implement.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
JULY 31, 2024
When it comes to innovation, “if it's moving too quickly for customer protection to keep pace, it’s not happening,” said Sibongile Ngako, who recently joined the fintech as chief compliance officer.
American Banker
JULY 31, 2024
Banks weigh in on the fallout from CrowdStrike's outage, Patelco Credit Union navigates an ongoing legal battle over ransomware attack, JPMorgan Chase's tech usage for fighting fraud and more.
Realwired Appraisal Management Blog
JULY 31, 2024
Some Chief Appraisers are nervous that they might get fired if they switch their appraisal management platform. No Chief Appraiser has ever been fired because they chose YouConnect. My promise? “I will personally give you half your annual salary if you get fired due to YouConnect not performing.” Why am I so confident?
American Banker
JULY 31, 2024
The London challenger bank has added deposits in an effort to keep customers from using banks and other fintechs; the Australian bank Westpac is offering cards to kids as young as 8; and more in our global payments and fintech roundup.
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The Paypers
JULY 31, 2024
UAE-based financial services enabler Paymob has expanded its partnership with Shopify by launching embedded card and wallet payments for merchants in the MENA region.
American Banker
JULY 31, 2024
In this month's roundup of top banking news, how the widespread CrowdStrike outage affected banks of all sizes, JPMorgan Chase's new tech bet for combatting rising fraud, what Project 2025 could mean for bankers and more.
The Paypers
JULY 31, 2024
The RBI central bank has announced its decision to grant fintech firms BillDesk, Amazon Pay, and Adyen a cross-border payment licence.
American Banker
JULY 31, 2024
The Kansas City, Missouri-based regional bank said it is making progress on its pending purchase of Heartland Financial USA in Denver. The deal is expected to close during the first quarter of 2025.
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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.
The Paypers
JULY 31, 2024
The Financial Conduct Authority (FCA) has initiated a review aimed at streamlining regulations for financial services firms.
American Banker
JULY 31, 2024
The card network reported double digital growth in cross-border spending and in its value added services.
The Paypers
JULY 31, 2024
Google has announced that Google Wallet will integrate with C6 Bank and PicPay accounts, allowing users to initiate payments via Pix without needing to open the financial institutions' apps.
American Banker
JULY 31, 2024
Generative AI is exciting, but has limited fraud-busting utility. Instead of rushing to implement gen AI-powered anti-fraud initiatives, banks should focus on strengthening their existing security measures.
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Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w
The Paypers
JULY 31, 2024
US-based Ripple has joined forces with the National Federation of Associations of Central Bank Servers ( Fenasbac ) to augment the Brazilian fintech landscape.
American Banker
JULY 31, 2024
The Federal Reserve chair said Fed researchers continue to explore central bank digital currencies to stay current on international payments developments, but emphatically denied that the central bank is considering creating one of its own.
The Paypers
JULY 31, 2024
Provider of AI-powered financial crime detection technology, ThetaRay , has recently announced the acquisition of next-gen European screening company Screena.
Image Works Direct
JULY 31, 2024
A few of our favorite things here at image.works are gaining knowledge, sharing our expertise and interacting with clients. Where is a better place to do that than at a conference?
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The Paypers
JULY 31, 2024
STICPAY , a global e-wallet service provider and payment gateway, has announced the integration of Visa and Mastercard debit and credit card payment processing into its platform.
American Banker
JULY 31, 2024
In addition to a new rule enabling more active review of large asset managers acquiring shares in FDIC-supervised banks, the FDIC board finalized living will guidance and requested public input on deposits.
The Paypers
JULY 31, 2024
Recent data provided by Open Banking Limited (OBL) has revealed that Open Banking technology is currently utilised by 10 million consumers and small businesses consistently.
American Banker
JULY 31, 2024
The lender denied its software uses artificial intelligence in fighting a 'digital redlining' case.
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Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se
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