Sections
FI
-
3.0KAPIFifth Third’s Two Cents On Treasury APIs
Financial institutions (FIs) are locked in competition as they seek to serve the $38 trillion global business-to-business (B2B) payments sector, which could...
-
3.0KDataEnvestnet | Yodlee CEO: Helping FIs Prep For ‘Next-Gen’ Data Aggregation
The past few years have seen contentious relationships between financial institutions (FIs) — particularly larger ones — and data aggregators. At a...
-
1.7KB2B PaymentsAvidXchange Targets Banks’ B2B Payments Friction With AvidPay
Commercial payments technology company AvidXchange is connecting banking clients to its AvidPay B2B payments network through a new integration. The company announced...
-
2.0KPayment MethodsJack Henry Debuts Card-To-Card Bill Pay
Jack Henry & Associates has announced the launch of iPay CardPay, which enables its banks and credit unions “to provide near-real-time, card-funded...
-
3.1KB2B PaymentsBanking-As-A-Service Has Its Own ‘Build Vs Buy’ Conundrum
Banks’ digitization journeys have been a rocky road, to say the least. The spark of FinTech innovation in recent history has set...
-
2.6KFraud PreventionFighting Real-Time Payment Fraud In Layers, With Moats
Real-time payments, real-time risk. As consumers embrace real-time transactions, financial institutions (FIs) must recalibrate their fraud-fighting strategies. In an interview with PYMNTS,...
-
4.0KBankingPeople’s Bank Of China: Hundreds Of Country’s Banks At Risk
This past year has been difficult for Chinese banks, and the country’s central bank, People’s Bank Of China, said that about 13...
-
5.1KDataTCH Gives Banks An Open Banking Template
FinTech firms need access to the data housed within traditional FIs. To get there, and to end the screen scraping (beloved by...
-
3.3KAuthenticationNEW DATA: Banks Fail To Meet Consumer Desire To Drive Mobile Banking Authentication
Consumers have come to expect specific services and features from their banks. New research conducted by PYMNTS, however, reveals that banks and...
-
2.2KAMLFinCEN Releases Advisory On FATF’s List Of AML/CFT Deficiencies
The Financial Crimes Enforcement Network (FinCEN) has issued an advisory to announce an updated list of jurisdictions with anti-money laundering (AML) and...
-
2.5KAMLDeep Dive: The Benefits And Limitations Of Video-Based KYC For FIs
FIs cannot afford to be lax with KYC and AML procedures, and their handling of sensitive information means they are held to...
-
2.2KCredit UnionsDeep Dive: How CUs Can Close The AI Innovation Gap
Credit unions (CUs) have followed banks’ digital banking lead, churning out platforms, services and mobile apps for consumers to use speedy, convenient...
-
5.7KAppleApple Card And The FinTech, TechFin Conundrum
So far, the young life of the Apple Card has turned out pretty — perhaps even spectacularly — good, depending on the...
-
2.3KEarningsMetro Bank Chairman Leaves Board Amid Q3 Losses
Metro Bank Co-founder and Chairman Vernon Hill stepped down as chairman on Wednesday (Oct. 23) after the bank reported a net loss...
-
2.5KB2B PaymentsAML Compliance Isn’t Just Banks’ Burden
Regulatory pressures and market forces are pushing the world’s financial institutions (FIs) to ramp up their anti-money laundering (AML) strategies. As this...
-
2.2KB2B PaymentsWhat Faster Payments Means For SMBs’ Multi-Bank Relationships
Without regulatory mandates, the Open Banking wave is crashing on the shores of the U.S. financial services (FinServ) sector. Market pressures and...
-
2.6KCredit UnionsCredit Unions Shun Online Ads For Content To Acquire Customers
In August, Facebook instituted changes to its advertising policies as the result of a settlement it reached with anti-discrimination groups and the...
-
3.3KB2B PaymentsCannabis Cos’ Financial Struggles Spread Far Beyond The POS
When considering the financial services (FinServ) challenges of the legal cannabis sector, the biggest point of friction that almost always comes to...
-
5.8KPartnerships / AcquisitionsWhat’s The Best Way To Navigate The New World Of Payments?
These are indeed the days for mergers and acquisitions (M&A) in the world of payments, and that trend looks likely to hold...
-
5.2KFaster PaymentsFedNow And ISO 20022 Are Here — What Now For FIs And Faster Payments?
There are 54 faster payment schemes globally, with more on the way. Craig Ramsey, head of real-time payments at ACI Worldwide, tells PYMNTS...
-
5.2KSecurity & FraudHow FIs Can Win The Eternal — And Escalating — Cybersecurity Battle
Cyberthreats are increasing, and are playing out on a global stage. Credit cards are at risk, of course, but so are smart...
-
2.6KFaster PaymentsMeeting Older Generations’ Rising Demands For Mobile P2P
From sending money to college-aged children, to splitting lunch checks among friends, Gen X consumers are increasingly embracing mobile peer-to-peer (P2P). But...
-
9.1KInnovationREPORT: Why 78 Pct Of FIs Say They Struggle To Innovate
Banks today recognize that they must embrace innovation to survive in a world being rapidly transformed by digital technology. Successfully delivering the...
-
2.6KAMLDeep Dive: How FinTechs, FIs Can Arm Up Against Fraud
Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal...
-
2.8KDigital BankingHow Challenger Banks Are Giving Legacy Players Key Opportunities
Challenger banks are pushing traditional banks to reboot their customer experience. In the latest Digital Banking Tracker, Jamie Warder, head of digital...
-
2.5KLoansBarclays Launches £100K SME Loans
Barclays is now offering £100,000 unsecured lending for SMEs on its app and online banking platform. A recent survey by Barclays found...
-
6.1KSecurity & FraudHow To Cut The Phishing Lines That Bind Us
Fraudsters are ever bolder when it comes to phishing scams, which are up 76 percent year over year. The best approach to...
-
7.2KInnovationREPORT: Payment Tech Tops FIs’ Innovation Agendas
The financial world is awash in hot tech topics these days, from blockchain to artificial intelligence (AI). However, financial institutions (FIs) are...
-
4.7KFaster PaymentsHow Faster Pay Fuels the Trucking Industry
Truckers haul 71 percent of America’s freight tonnage, keeping retailers supplied and in business — but not without challenges. Slim margins, emergency...
-
4.8KRegulationWhy ING Is Taking A Platform Approach To PSD2 And Open Banking
As the second Payment Services Directive (PSD2) brings more third parties into the European financial world, banks are seeing a shift in...
-
4.5KDigital BankingNCR On D3 Acquisition And Banks Being ‘Digital-First’
In the financial services ecosystem, there are relatively invisible sources of power and fuel, those operations perhaps not well known in the...
-
3.7KDigital BankingDeep Dive: How Biometrics And AI Are Improving Banks’ Customer Experiences
Passwords are increasingly vulnerable in today’s day and age. Hacks and data breaches have become all too common, with fraudsters turning to...
-
5.5KInnovationWhy Drive, Not Size, Is Key To FI Innovation
Smaller banks and credit unions enjoy a reputation of offering more personalized services than large financial institutions (FIs). When it comes to...
-
2.8KCredit UnionsDeep Dive: Why CU-Issued Credit Cards Face An Uphill Battle
Customers weigh various factors when selecting their financial institutions (FIs). A recent study conducted by financial services provider Kasasa and The Harris...
-
3.5KBankingFor FI Account Openings, Serving The ‘Segment Of One’
A disconnect looms in financial services, one that can doom relationships between financial institutions (FIs) and customers from the beginning. Studies have...
-
4.1KSecurity & FraudAML/KYC’s Data Confidence Crisis
The last thing anyone wants to hear from a financial organization is that the people tasked with risk management are feeling less...
-
3.5KMobileHow Mobile Card Services Turn Location Into Loyalty
Location matters in real estate. It matters, too, when protecting credit cards against compromise. As Ondot CEO Vaduvur Bharghavan tells Karen Webster,...
-
4.9KPayments InnovationCiti: Why And How To Bring More Collaboration To Payments
There is no “i” in team — every coach’s mantra. Guess what, though? That’s only half the story when it comes to...
-
3.8KCFPBCFPB To Review Fed’s 2009 Overdraft Rule
The Consumer Financial Protection Bureau (CFPB) announced that is reviewing the Federal Reserve‘s overdraft protection rule to find out if it “should...
-
6.3KInnovationWhy FIs Are Laser-Focused On Corporate Credit Innovation
Innovation has been the name of the game for financial institutions (FIs) large and small in recent years. While the overall pace...
-
5.8KAPIAPI’s Rise In Open Banking And Cross-Border B2B Payments
Changing regulations are redefining the obligations of financial institutions, forcing them to rethink their strategies and implement new technological approaches. New legislation, such as PSD2,...
-
6.4KDigital BankingWhat FIs Don’t Know They Don’t Know About Their Customers
When it comes to long-term consumer relationships, few businesses can top banks. They tend to keep ties with consumers over decades —...
-
6.3KAPIHow APIs Safeguard Bank-FinTech Collaboration
Financial institutions (FIs) that don’t offer application program interfaces (APIs) are courting trouble. When FIs don’t enable secure data access via APIs,...
-
4.5KInnovationMost FIs Don’t Consider FinTech Firms As Competitors, But Maybe They Should
Along with digital transformation, innovation has been a buzzword for some time. These may seem like abstract concepts, but innovation has had...
-
8.0KMobileWill Consumers Bank With Their Telcos?
Last week, wireless carrier T-Mobile announced it would throw its hat into the mobile banking arena with the national rollout of T-Mobile MONEY....
-
5.4KB2B PaymentsReady Or Not, Faster Payments Will Impact Corporate Operations
Corporate payments still don’t have a clear role in driving the adoption of faster payment technologies and systems in the U.S. The...
-
126RegulationDeep Dive: The Netherlands Counter PSD2, GDPR Infrastructure Challenges
Governments and companies looking to comply with PSD2 have had to meet several deadlines, some of which are still approaching. For FIs...
-
5.9KArtificial IntelligenceWhat FIs Get (And Don’t Get) About AI
The jury is in. Almost every modern financial institution (FI) has at least one artificial intelligence (AI) or machine learning system in...
-
7.8KArtificial IntelligenceAI Enters The FI Fast Lane
It’s hard to find fault with one of the latest tests of artificial intelligence (AI). Medical diagnostic technology built by Google and a...
-
9.2KAlternative FinancesWill The Consumer’s Next Bank Be Amazon, PayPal Or Walmart?
FinTech firms may not be the only ones that traditional financial institutions (FIs) need to keep an eye on. About six in 10...
