An expanding number of challenger banks have eschewed the industry’s traditionally slow and steady innovation approach. These banks are offering digital or mobile-only platforms powered...
Nine out of 10 banks still rely on old-school mainframe systems for their core needs, a technological challenge that can result in legacy financial institutions...
Consumers want omnichannel banking access so they can easily switch between in-person branch visits, call center services and mobile apps as needed. They might pop...
Financial crime is a never-ending concern for banks, credit unions (CUs) and other financial institutions (FIs), with trillions of dollars and untold terabytes of personal...
The pandemic — and specifically, the lockdowns resulting from it — has spurred criminals to shift their cyber fraud schemes to exploit new avenues of...
One of the coronavirus pandemic’s less-anticipated consequences in the U.S. has been an escalation in fraud and identity theft. The Federal Trade Commission (FTC) estimates...
Financial fraud costs businesses an estimated $1.45 trillion, and it resulted in almost half of global organizations noting they were victims of fraud in 2018....
Silicon Valley FinTech startup Digits announced a $22 million Series B funding round led by GV — formerly known as Google Ventures — to launch...
Fraudulent claims in the U.S. account for more than $80 billion in payments a year, with legitimate customers paying higher premiums to make up for...