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10 Most Innovative CEOs in Banking 2017

Bank Innovation

Fintechs are partnering with banks, banks are using blockchain technology, artificial intelligence, and cryptocurrency and financial regulation is still undergoing massive changes. 2017 has been a […].

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Machine Learning Supercharges Banks’ Efforts To Fight Debit Fraud

PYMNTS

While fraud affects less than 1 percent of all card purchases, consumers who do lose funds from their bank accounts must go through lengthy and often stressful processes to get their money back. Leveraging Machine Learning, Rules-Based Analysis To Fight Debit Fraud. Around The Next-Gen Debit World. Read the full story in the Tracker.

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Safeguarding new banking products from fraud

Abrigo

6 Steps t o mitigate fraud risk tied to new products Your AML and fraud teams' input is key when it comes to offering new bank products. You might also like this infographic, "Beyond immediate fraud losses: How the costs and impacts of fraud snowball." download NOW Takeaway 1 Fraud losses totaled $485.6

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Partners Against Crime: Visa Leads Effort To Fight Fraud With New Dynamic CVV Codes

PYMNTS

The rising trend of digitization in commerce and the increased occurrence of card-not-present fraud were not created by the COVID-19 pandemic. Those dynamics have made the dangers of fraud far less abstract to consumers. Fraud, he said, is occurring at an unprecedented rate and scale and it was far from a small issue before.

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Why Fighting Fraud Means Looking Beyond The Transaction

PYMNTS

On the upside, this digital gold rush has created an opportunity for merchants to push about a decade’s worth of digital innovations out the door in weeks. He added that fraudsters have been showing up across the board in terms of fraud types attempted. Sevounts said Kount has also recently noticed an uptick in “card-testing fraud.”

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To Counter ATM Fraud, Banks Need to Deal with Technology Debt

Bank Innovation

This comes after a rush of physical ATM fraud—most of what is known as ‘jackpotting,’ a decades-old maneuver where criminals manipulate an ATM to funnel out all […]. EXCLUSIVE— While banks are making strides to improve their cybersecurity, it might be time to give the security on their physical devices, such as ATMs, an upgrade too.

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Startups to take the stage at Bank Innovation Ignite

Bank Innovation

Bank Innovation has hand-selected 10 companies to participate in its DEMOvation Challenge at Bank Innovation Ignite, which runs from March 2-3 in Seattle. The companies focus on a variety of use cases including customer acquisition, loan underwriting technology, conversational AI, fraud prevention, and other digital capabilities.