Connect with us
[ad_1] Regulatory technology and fraud prevention are two areas that financial institutions should be investing in now to reduce losses and overhead costs. As state and...
[ad_1] Open banking and authentication fintechs caught the eye of attendees at Finovate Spring 2023 this week, with several voted Best of Show by the audience....
[ad_1] Optical character recognition (OCR) has been around for decades, and it’s still a technology that banks regularly use to scan and process paper or PDF...
[ad_1] Debt collection is challenging even during times of economic expansion, so when a recession looms, banks and lenders (and the customers you serve) are in...
[ad_1] Generative AI has beneficial uses for financial institutions, but fraudsters have taken note, employing the technology to create thousands of fake identities. The emergence of...
[ad_1] Tech-forward Cross River Bank reached a consent agreement with the Federal Deposit Insurance Corp. in March following a cease-and-desist order from a standard review in...
[ad_1] Financial institutions are looking to risk mitigation and regulatory compliance technology following the industry turbulence brought on by the recent collapses of Silicon Valley Bank,...
[ad_1] The Federal Reserve raised interest rates by a quarter percentage point and hinted it may be the final move in the most aggressive tightening campaign...
[ad_1] Silicon Valley Bank and federal regulators alike let poor management slide for several years — leading to the largest banking failure since 2008. SVB lacked...
[ad_1] The collapse of Silicon Valley Bank opened a door of opportunity for fraudsters to take advantage of bank clients who have recently moved money or...
[ad_1] The fall of Silicon Valley Bank has bank clients looking to financial institutions for deposit security, and banks must have the technology to bring peace...
[ad_1] JPMorgan Chase is investing in quantum computing technologies research to discover its potential uses for deep hedging within financial services. Deep hedging can be used...
[ad_1] Cybercriminals never let a good crisis go to waste. One online security concern that has resurfaced following the recent turmoil in banks like Credit...
[ad_1] As business reconsiders their budgets this year, many are already taking extra cuts in 2023. We’ve already seen some layoffs at major banking and financial...
[ad_1] Cyberattacks are on the rise, with attempted payment fraud in the buy now, pay later segment seeing a 211% year-over-year increase, attempted payment fraud in...
[ad_1] Adoption of embedded banking by both businesses and customers is on the rise, and it is helping to reduce the risk of payment fraud along...
[ad_1] Payment fraud continues to plague the financial services industry. According to the American Bankers Association, fraud against bank deposit accounts totaled $25.1 billion in 2018[1]. ...
[ad_1] A handful of financial institutions have made waves in international news due to lawsuits and multi-million-dollar fines. The issue is that they chose, whether intentionally...
[ad_1] Non-compliance with audit standards and requirements is detrimental to a bank or lender. For standards such as PCI, non-compliance can result in financial penalties or...
[ad_1] The automated clearing house payment system reaches all U.S. bank accounts and is an extremely cost-effective way to move money. This helps explain the ACH...