Perficient

FEBRUARY 27, 2025

By adopting these strategies, banks can better manage the dynamic risk and regulatory environment , ensuring compliance while maintaining competitiveness and customer trust. These steps include identifying strategic partnerships and collaborating with fintech companies and non-financial platforms that align with their goals.

Banking Trends 221

Banking Trends Trends Digital Banking Customer Experience 221

PYMNTS

JULY 17, 2020

FinTech funding had already seen a dip in Q1 this year, but the pandemic may be further suppressing investor appetite. A new report provided by Buy Shares found global FinTech funding was less than $4 billion during Q2, compared to about $5.8 billion raised in the Q1, according to Forrester. Privacy.com. ’s Ravelin secured $20.6

Fintech 225

Fintech Capital Fraud Cards 225

Bank Innovation

SEPTEMBER 21, 2017

Fintechs have been exploring this idea for quite some time now, whether it be through fraud management, or using AI to execute trades across global equities algorithms business. EXCLUSIVE — Will the use of artificial intelligence push banking customers to better personal finance and saving habits?

Fraud 301

Fraud Fintech Management Online 301

Bank Innovation

JUNE 27, 2017

The opportunity ship has sailed for personal finance management, lending, or robo advisory sectors of fintech, according to Rebecca Lynn, co-founder of venture capital firm Canvas. So where are investors looking for new opportunities?

Fintech 191

Fintech Lending blockchain Compliance 191

PYMNTS

SEPTEMBER 10, 2019

Companies therefore must either invest in teams of AML specialists or in fraud-fighting technologies. . The September AML/KYC Tracker examines the latest fraud challenges and efforts to ensure tight security and compliance. . This is especially true given rising rates of mobile fraud attempts that put customers especially on guard.

Security 185

Security Fintech Fraud Compliance 185

PYMNTS

MAY 23, 2019

To that end, Jessica Moran, general manager of Paymode-X Business Solutions at Bottomline Technologies , noted the continued (and accelerating) collaboration between banks and FinTech firms. I cannot remember the last time we had a conversation with a corporate who didn’t say, ‘Oh yeah, you know, I experienced check fraud.’

Fintech 191

Fintech Fraud Technology Innovation 191

PYMNTS

SEPTEMBER 17, 2019

Banks lost about $4 billion to account takeover (ATO) fraud attempts last year and fraudsters have been reluctant to abandon the scheme as this year progresses. Fraudsters made off with account numbers and other personal details, which could later be used for different synthetic identity fraud or related schemes. digital bank Monzo.

Fraud 196

Fraud Digital Banking Delaware Tools 196

PYMNTS

OCTOBER 5, 2020

But in an interview with PYMNTS, Mary Beth Joiner , senior vice president of relationship management at Comdata Corporate Payments, said that there have still been pockets of resistance in making the great digital pivot. In the wake of the pandemic, B2B payments have had to evolve.

Payments 326

Payments Fraud Fintech Tools 326

PYMNTS

JUNE 23, 2020

Businesses must purchase various supplies and services to power their operations, but they often find it challenging to manage vendor payments. FI-FinTech Partnerships. banks appear to be taking these technology partners’ power to heart, as they made 180 percent more investments in FinTechs in 2018 than in the previous year.

Fintech 214

Fintech Examples System Resources 214

PYMNTS

APRIL 8, 2020

As the nation’s traditional financial institutions struggle to cope, alternative lending platforms and other B2B FinTechs are exploring how to put their own technologies to good use. The new service from eOriginal connects lenders and investors to a platform to manage loans and digitize the lending process. Biz2Credit.

Lending 245

Lending Fintech America Technology 245

PYMNTS

JUNE 12, 2020

As more organizations migrate to an online business model, their needs from FinTechs and other third-party service providers are in flux. This week’s B2B Venture Capital roundup reflects those changing needs, with B2B fraud mitigation efforts for online businesses emerging as the funding leader.

Fraud 142

Fraud Payments Capital Fintech 142

PYMNTS

OCTOBER 18, 2018

Access Bank , for example, said it would work with WhatsApp to give customers in Zambia the ability to manage financial accounts and complete transactions via the IM app. How Banks Are Weaponizing Data To Fight Fraud. Elsewhere in the space, FIs are seemingly more focused on social media integrations. About the Tracker.

Fraud 178

Fraud social media Data Trends 178

PYMNTS

NOVEMBER 2, 2018

As legal cannabis spreads, the industry is a big opportunity for FinTech, as industry players struggle to manage intense compliance requirements and limited access to traditional financial services. API management platform Cloud Elements landed an undisclosed investment from American Express Ventures, the companies said this week.

Fintech 188

Fintech Capital Security Fraud 188

PYMNTS

OCTOBER 6, 2020

Singapore-based FinTech platform Nium is expanding into the Middle East, the company announced on Monday (Oct. Ayoub Jemail has been assigned the role of general manager of business development for the region, the company stated in the announcement on its website.

Fintech 174

Fintech Regional Fraud Industry 174

PYMNTS

JULY 6, 2017

API technology is opening new doors for the world of financial services, a trend that cultivates cooperation and collaboration between FinTechs and banks, once considered competitors. And there are instances where, even if it is a legitimate account, fraud is occurring.”.

Fraud 198

Fraud Payments Groups Industry 198

Independent Banker

JANUARY 31, 2022

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. of bankers are either strongly interested in or already working with fintechs in digital account opening. The benefits of fintechs. By Elizabeth Judd. Quick Stat.

Community Bank 159

Community Bank Community Fintech Risk Management 159

PYMNTS

JUNE 5, 2020

Open banking provides opportunities such as upgraded customer convenience and customized financial solutions that can help consumers access bank account details, send payments, manage their budgets and more. We need to manage risk appropriately, but open banking is a good thing,” Davies said.

Security 174

Security Fintech Data Fraud 174

PYMNTS

MAY 21, 2020

Open banking initiatives and bank-FinTech collaborations continue to expand in an effort to improve financial services offerings for small and medium-sized businesses (SMBs). Built on the bank-FinTech collaborative model, startup Treasury Prime recently announced a $9 million Series A funding round for its API technology.

Fintech 173

Fintech Compliance Risk Management Lending 173

PYMNTS

AUGUST 21, 2020

Robinhood’s $200 million fundraise this week may be the talk of the FinTech town, but B2B FinTechs saw their fair share of fresh investments, too. six FinTechs were able to secure a share of the next round of RBS grant money , with the winners including small business banking and biometrics company Onfido. In the U.K.,

Fintech 154

Fintech Austin Capital Fraud 154

Gonzobanker

AUGUST 17, 2022

Most fintech companies are fine, but they’ve stopped blowing off econ class for mimosa brunches. Especially in fintech, which had the roughest semester last spring. Fintech is still alive and well, Gonzobankers, and fintech deals are still happening. Banks Bought More Fintechs (Until Sum mer Break Started!).

Fintech 192

Fintech Lending Software Compliance 192

PYMNTS

JUNE 6, 2019

Thus, accounts payable management is all too often more art than science. Enter integrated payables — which, done well, offer one way to mitigate the struggles of unnecessary costs, inefficiencies and fraud risks in business payments. The most basic building block of AP management can be a point of friction, she noted.

Management 179

Management Cards Payments Technology 179

BankInovation

FEBRUARY 15, 2022

The biggest misconceptions about artificial intelligence are that it’s too advanced, costly, and complex for teams to integrate and manage successfully. Quavo was the first Fintech to identify AI opportunities for fraud and dispute resolution processes. Not […].

Fraud 98

Fraud Management Software Fintech 98

PYMNTS

APRIL 4, 2019

FinTech firms are creating offerings to make it easier for retailers to handle their payments on the back end. A merchant could be integrated into multiple processors, with different portals and tools to manage its transactions. We take all of that data [and] put it into one set of data,” Billingsley said.

Fintech 176

Fintech Payments Examples Fraud 176

PYMNTS

AUGUST 20, 2020

A multitude of SMB investors are looking to help, but lending to digitally focused SMBs comes with its own hurdles, including fraud risks and inefficient lending procedures driven by stiff regulatory measures. One of the most pressing issues plaguing SMB lenders is the risk of fraud. Fraud targeting SMB lenders has increased by 7.3

Fintech 177

Fintech Fraud Lending Regulation 177

PYMNTS

DECEMBER 21, 2020

with money laundering, fraudulent banking and computer fraud, Reuters reported. “It In addition, the placement of data in a distributed register eliminates the risks of fraud with bank guarantees,” said Vadim Kulik, deputy president and chairman of the VTB Management Board, in the press release. They allege that F.F.

blockchain 206

blockchain Bitcoin Fraud Report 206

PYMNTS

MAY 22, 2019

Faced with a growing number of transactions to process in real time, payment service providers (PSPs), financial institutions (FIs) and FinTech firms also need to make sure the security of these smarter payment systems is up to par.

Fraud 180

Fraud Payments Regulation Security 180

PYMNTS

APRIL 27, 2020

They expect mobile integration, rewards, spend management tools — and perhaps most importantly, they expect card transactions to feel instant and seamless, regardless of the platform or marketplace on which they occur. This new reality creates challenges for card issuers, processors and others within the credit ecosystem.

Cards 226

Cards Fintech United States Case Study 226

PYMNTS

MARCH 28, 2019

What they are getting is that consumers want, and increasingly demand, a suite of services on the front end that make the financial management of their lives easier and more seamless. They can only prevent fraud or money laundering on the basis of what they’ve been programmed to flag. That is a trend emerging in all banks, he said.

Fintech 196

Fintech System Fraud Security 196

PYMNTS

MARCH 27, 2020

companies, including $75 million landing at one FinTech looking to bolster small business credit card payment adoption. California’s Pathlight announced a $7 million Series A funding round this week for its B2B technology that enables businesses to streamline day-to-day team management operations. Arkose Labs.

Cards 181

Cards Fintech Capital California 181

Alex Jimenez

DECEMBER 17, 2024

2024 proved to be a year where banking and fintech continued to mesh into a single industry. Collaboration Over Competition: Banks and Fintech Joining Forces This year, Ive emphasized how the relationship between fintech and banks has evolved from rivalry to collaboration. Whats Next? The growth of embedded finance.

Fintech 52

Fintech Trends Innovation Technology 52

CFPB Monitor

SEPTEMBER 8, 2022

Since the beginning of Michael Hsu’s tenure as Acting Comptroller of the Currency, bank/fintech partnerships have been a focus of OCC concern. Mr. Hsu also raised concerns about unknown risks or “nasty surprises” arising out of bank-fintech arrangements.

Fintech 146

Fintech Risk Management Conference Lending 146

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. percent of fraud attempts, according to one study. Securing Open Banking Systems.

Security 240

Security System Data Fraud 240

PYMNTS

JANUARY 7, 2020

Open Banking and bank-FinTech collaboration are the new norm for financial institutions around the world looking to upgrade their offerings for small businesses (SMBs). Banks Embrace FinTech For Business Lending. QIIB Eyes FinTech For Payments Security.

Lending 141

Lending Fintech Fraud Data 141

PYMNTS

JUNE 8, 2020

Retail dispute management system Chargeback announced Monday (June 8) that it has closed a $6.6 He said the firm’s dispute management system is basically deployed across all major credit card and alternative payment ecosystems, but that navigating network rules remains a complex task for retailers who face growing chargeback issues.

Retail 142

Retail Management Customer Experience System 142

BankInovation

MARCH 11, 2022

Money laundering, automated clearing house fraud and wire transfer scams are running rampant in the banking industry. billion on fraud detection systems in 2021 as continuous threats around real-time payments emerged in the space, according to an analysis from fintech and core provider Fiserv.

Fraud 96

Fraud Nebraska Management Data 96

South State Correspondent

NOVEMBER 20, 2024

Partnering with a variety of fintechs might be easy, but it also might be complex. It allows employees to not worry about interest rates by eliminating the risk and complexity of trying to manage a balance sheet. To be clear, complexity isn’t bad, it just has more risk and is harder to manage. We need one good one.

Strategy 195

Strategy Resources System Management 195

PYMNTS

APRIL 2, 2020

New Hampshire FinTech Bottomline Technologies has launched a free initiative to help the nation’s banks provide relief to small businesses hurt by the COVID-19 pandemic. In February, Bottomline released its 2020 Treasury Fraud and Controls Survey in partnership with Strategic Treasurer, a Georgia-based financial processing company.

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New Hampshire Fraud Georgia Survey 232