Sections
financial institutions
-
1.9KCredit UnionsData: Credit Union’s Most Underutilized Asset
Data is where it’s at, and more credit unions (CUs) are waking up to the fact that without sophisticated analysis of customer...
-
3.9KDigital BankingBank Innovation That Heeds The Needs Of The ‘Digital Native’
In financial services, there is a big gap between recognizing the need for innovation and actually innovating. Joe DeRosa, executive vice president...
-
1.9KBankingDo Bigger Budgets Mean More Innovation?
Smaller banks and large financial institutions have been subject to a paradox where smaller banks are known to be more consumer-friendly, but...
-
2.4KArtificial IntelligenceWhy Aren’t More FIs Using AI To Fight Fraud?
Payment fraud is an ideal use case for machine learning and artificial intelligence (AI), and has been used by financial institutions (FIs)...
-
5.3KDigital BankingHow Friendly Friction Builds Better Banking Experiences
Consumers’ preferences are undeniably shifting digitally when it comes to banking and financial services. According to a recent study by Citibank, 31 percent...
-
10.4KDigital BankingWhy FIs Must Be ‘Too Good To Fail’
Financial institutions are flagging a bit when it comes to deployment of new technologies and financial products. One reason is infrastructure, where...
-
8.3KDigital BankingAnt Financial Launches Banking As A Service Platform
Ant Financial Services Group and Jiangsu-based Hoperun Information Technology announced Wednesday (March 7) a new banking product aimed at financial institutions. In...
-
4.6KRegulationFTC Wants Comment On Proposed Changes To Safeguards, Privacy Rules
The Federal Trade Commission (FTC) has requested comment on the proposed amendments of two rules that protect the privacy and security of...
-
5.3KSecurity & FraudMicrosoft: State-Sponsored Hackers Siphoned Money From Several FIs
Microsoft’s lastest cybersecurity report has revealed that state-sponsored hackers have attacked several financial services firms, managing to steal “large sums of cash.”...
-
3.1KToday In DataData As A Prescription For FIs And Healthy Healthcare Collections
Data is everywhere, and ripe for the mining. It can help financial firms offer better services and can help healthcare providers set...
-
3.5KBankingFSB: Tech Giants Will Shake Up Financial Industry
The Financial Stability Board (FSB), a global finance regulator, warned that the proliferation of eCommerce giants like Facebook, Amazon, Alibaba and Apple...
-
5.6KSecurity & FraudBSA Officials At FIs Targeted By Phishing Campaign
In a reported phishing campaign that began last month, Bank Secrecy Act (BSA) officials at credit unions in the U.S. are said...
-
4.9KAuthenticationDiebold Nixdorf On Why Banks Could Be Digital Identity’s Future
Digital identity in the last few years has gotten a major boost — as of 2018, 60 nations worldwide have embraced some version...
-
4.8KToday In DataToday in Data: Filling Needs, Fixing Vulnerabilities
The IoT market is growing exponentially – but in the lives of consumers, it’s on an industrial scale. The good news: It’s mostly a “more...
-
1.3KToday In DataToday In Data: Matching The Right Solution To The Right Problem
There is always a bit of a matching game going on in payments and commerce: As solutions proliferate, there’s a race to...
-
9.1KInvestmentsFinding The Investable Needles In The Startup Haystack
When it comes to financial services and financial technology startups, making the right investment decisions is not easy or obvious work. Thousands...
-
5.2KSecurity & FraudFIs Facing $100B A Year In Cyberattack Losses
The impact from a cyberattack on financial institutions (FIs) could reach as high as a few hundred billion dollars annually, chipping away...
-
8.8KBank RegulationRebundling The Unbundled Bank
FinTechs by the dozen. Apps by the dozen. Banks have competitive, operational and communication challenges in place, as Mitch Siegel, National FS...
-
3.6KBank RegulationAsian Banks Want Regulators To Allow More FinTech Solutions
As financial institutions grapple with compliance costs, a finance industry organization in Asia wants regulators to allow new technologies that could help...
-
4.0KB2B PaymentsThe Changing Face Of Trust For Treasurer-Bank Relationships
Trust is key for any transaction, particularly when it comes to dealings between a customer and a financial institution. A mix of...
-
3.7KToday In DataMeeting Customers Wherever They Are (Literally)
Why deliver oneself to a store — and face the hassle of heat, crowds and parking — when the store can deliver...
-
3.7KToday In DataAround The World With Payments And Commerce
The good news about living in a flat world is that it is increasingly connected and accessible — a big opportunity for...
-
3.5KToday In DataCaring Is Sharing (Data)
Everyone wants to rule the data world, but — as Gerhard Oosthuizen, CTO at Entersekt, recently pointed out — it’s not just about...
-
8.7KInnovationNEW DATA: Why Top FI Innovators Play In The Sand(box)
Who are the top-performing financial institutions (FIs)? According to recent research from PYMNTS, the industry’s innovation pacesetters are those who devote the...
-
4.2KB2B PaymentsFidelity Bank Offers New Products To SMEs In Ghana
Fidelity Bank Ghana announced it is boosting its support of the country’s Small and Medium Scale Enterprises (SMEs) through new products, specialized services,...
-
3.2KToday In DataBuilding Better Banks
The transition of the banking world to digital has been good for customers, who, on average, check in with their mobile banking...
-
3.3KPartnerships / AcquisitionsMitek Acquires AI Check Processor A2iA
Mitek Systems, Inc., a leader in digital identity verification solutions, announced that it has acquired A2iA, a leader in artificial intelligence (AI)...
-
7.3KPayment MethodsFiserv: Checks Aren’t Dead Yet — Here’s How Banks Are Responding
Don’t buy too much into rumors of their demise. At this rate, checks will thrive well into the 2030s. That’s the view...
-
3.7KRegulationTrulioo GM: FinCen, Technology And ID’ing Beneficial Owners
Customer due diligence rules are changing via FinCEN, with a focus on identifying and monitoring beneficial owners. Trulioo GM Zac Cohen notes...
-
8.2KLoansMapping The Black Box: A Look Inside Machine Learning’s Powers And Quirks
“Machine learning is the answer to the financial inclusion problem.” So said Douglas Merrill, founder of ZestFinance. It’s a bold statement, considering that...
-
10.1KInnovationHow To Future-Proof A Financial Institution
As Muhammad Ali once said, “Float like a butterfly, sting like a bee.” Translated for the financial services sector, this idiom might...
-
10.2KDigital BankingNEW DATA: Why 80 Percent Of FIs Struggle To Innovate Like Top Performers
When it comes to innovation, credit unions may just be the most innovative of all, while banks big and small fail to...
-
4.2KDigital PaymentsEntersekt: Banks And The ‘Transaction Pipe’ Trap
When a customer uses a credit or debit card at the point of sale, Entersekt chief commercial officer Dewald Nolte told PYMNTS in a...
-
14.6KBankingConsumers Paid $34.3B In Overdraft Fees In 2017
Overdraft fees have reached their highest level since 2009, which was at the end of the Great Recession. Consumers paid $34.3 billion...
-
3.2KAPICloud Elements CEO: Too Many APIs, Not Enough Integration
APIs – that is, application program interfaces, or bits of code that allow two software programs to communicate with one another –...
-
5.4KDataGiving FIs The Edge With Better Data Access
The problem financial institutions (FIs) have with data, Worldpay’s VP of Integrated Payments, Data and Fraud Products, Nicole Jass, told PYMNTS in...
-
6.7KStartup Check-InCascade To Power Crypto Card Loading
This time last year, if a customer asked Cascade about cryptocurrency loading, the startup had to tell them, “We don’t do that.”...
-
5.9KSecurity & FraudFed Task Force Releases Payment Lifecycles And Security Profiles
Through the collaborative efforts of those with backgrounds in payments and security, the Federal Reserve’s Secure Payments Task Force has published “Payment...
-
4.8KCredit UnionsCO-OP CEO: Building A Credit Union Innovation Mindset
Demand is a trickle-up phenomenon. As consumers ask more of their financial institutions (FIs), the organizations serving those FIs must also step...
-
5.5KSMBsWhy SMB Lenders Need Straight Through Data
Securing bank financing for a small business (SMB) is neither fast nor easy, but the people running those SMBs need it to...
-
10.6KDigital BankingNEW DATA: Why 100% Of Mid-Sized FIs Fail To Climb The Innovation Curve
Mid-sized financial institutions looking to stay competitive could learn a thing or two from both their larger and smaller counterparts. Because when...
-
10.9KInnovationPicking America’s Next Top FI Payments Innovator
When it comes to bank innovation, size doesn't matter: any financial institution, large or small, can be a top performer with the...
-
4.8KFaster PaymentsAussie’s New Payments Platform (Called New Payments Platform) Goes Live
The Reserve Bank of Australia and its Payments System Board announced on Tuesday (Feb. 13) the launch of a new payments infrastructure –...
-
8.1KPayment MethodsWhy Faster Payments Need Flexible Tech
Flexible tech. The kind that scales as businesses scale, that goes where the payments go — where the technology resides in the cloud...
-
2.4KFraud PreventionFed Says Payment Fraud Losses Top Of Mind For FIs
Payment fraud losses are top of mind for financial institutions around the country, the Federal Reserve Bank of Minneapolis reported. Based on...
-
5.3KInnovationThe Payments Known Unknowns/Unknown Unknowns Battleground
Long ago, former Secretary of Defense Donald Rumsfeld said that “There are things we know we know. We also know there are...
-
11.6KInnovationNEW DATA: The Four Things That Define A Top FI Payments Performer
The financial services industry is no stranger to innovation, but it increasingly appears that change in the space is being driven by outsiders instead...
-
6.6KInnovationFIs: The Makings Of A Top Payments Innovator
In what way is payments innovation like football? For starters, both are strategic endeavors that require a good coach, a good team...
-
9.2KBankingBuilding And Keeping Trust, With Banks
In any relationship, trust matters. Ever more so with banking relationships in the digital age of commerce, where faces never meet...
-
9.0KSecurity & FraudOnline Banking: An Unwitting Accomplice To Multi-Channel Fraud Attacks
Star One Credit Union didn’t think it had an online fraud problem. The year was 2006, and although there was plenty of...
