PYMNTS

JULY 13, 2020

This fraud type occurs when bad actors seize control of victims’ bank or online merchant accounts and spend ill-gotten funds, and it is likely to become more frequent until FIs can demonstrate that their defenses are strong enough to deter criminals’ attempts. Understanding ATOs. Detecting And Thwarting Attacks.

Leverage 58

Leverage Accounting Securities Banking 58

PYMNTS

SEPTEMBER 23, 2019

Bank of America has announced that it has joined the Marco Polo Network , the leading trade and working capital finance network. The network — and its more than 25 member banks — aims to unlock a potential $1.5 trillion opportunity in global trade finance, according to a press release.

Leverage 59

Leverage Finance Banking B2B 59

PYMNTS

OCTOBER 15, 2020

These difficulties are due to a process called correspondent banking, in which transactions must also be funneled through multiple financial institutions (FIs) before they reach their final destinations. Banks and FinTechs are entering into new partnerships to take advantage of this gro wing demand for cloud technology.

Banking 91

Banking Leverage Treasury Securities 91

PYMNTS

JUNE 5, 2020

Open banking provides opportunities such as upgraded customer convenience and customized financial solutions that can help consumers access bank account details, send payments, manage their budgets and more. Open banking-facilitated apps can offer tailored support, reducing the need for in-person services.

Securities 69

Securities Banking Leverage Accounting 69

Future CFO

JULY 18, 2023

Higher interest rates raise risks for non-bank financial institutions globally, said Moody’s recently. Given higher interest rates and lower growth, distress in the largely unrated non-bank financial institution (NBFI) sector globally could have spillover credit impacts on many other sectors, the credit rating agency noted.

Banking 52

Banking Leverage Risk Management Financial Systems 52

PYMNTS

JANUARY 28, 2021

With 6 in 10 financial institutions (FIs) turning to digital channels for customer acquisition and the mobile experiences those customers now expect, digital-first banking is much on the minds of consumers, regulators and, most assuredly, bad actors. Quick And Seamless Security. It’s on banks to deter them.

Banking 97

Banking Budgeting Securities Leverage 97

PYMNTS

NOVEMBER 26, 2020

Many banks, utility companies and government agencies have been leveraging two-factor authentication (2FA) for several years. It appears that these stepped-up verification approaches are warranted, too, as tales of security breaches that have ensnared unsuspecting internet users are rampant. Leveraging phone-based verification.

Securities 69

Securities Leverage Retail Numbers 69

PYMNTS

APRIL 29, 2020

New solutions continue to roll out as a result of open banking frameworks around the world and banks’ increasing willingness to collaborate with FinTechs. This week’s look at the latest in bank-FinTech collaborations reveals two new open banking initiatives from FinTechs designed to address back-office friction for banks.

Banking 95

Banking Foreign Exchange Invoicing Finance 95

PYMNTS

DECEMBER 7, 2020

You’d be forgiven for thinking that, in banking, the deal is dead. NCR Digital Banking Senior Vice President and General Manager Doug Brown told Karen Webster there will be an acceleration of deal making on the other side of the pandemic, particularly as financial institutions (FIs) recalibrate and expand their digital efforts.

Mergers and Acquisitions (M&A) 113

Mergers and Acquisitions (M&A) Banking Invoicing Leverage 113

PYMNTS

JUNE 25, 2020

This fear of cybercrime comes at a time when banks are exploring open banking systems en masse, which is only exacerbating security concerns. The application programming interfaces (APIs) that fuel open banking are popular targets for cyberattacks, with 473.5 Building Consumer Trust With Open Banking Security.

Banking 91

Banking Leverage Securities Technology 91

PYMNTS

APRIL 22, 2020

Work from home, play games (online) from home, bank from the comfort of your couch — because the bank branches are closed, of course. Jonathan Knudsen , senior security strategist at Synopsys , said in an interview with PYMNTS that a secure, standardized security framework can help various ecosystems move toward 5G with confidence.

Securities 78

Securities Manufacturing Leverage Healthcare 78

PYMNTS

DECEMBER 31, 2020

Here’s another icy factoid from the year of COVID: up to 20,000 bank branches are expected to close before the pandemic is declared done. And the new Tracker goes further, stating that 62 percent of European Union consumers are interested in nixing branch banking for a digital-only experience. Safer, Interactive In-Branch Banking.

Banking 122

Banking Leverage Securities Retail 122

PYMNTS

JULY 22, 2019

The RHB Rewards Motion Code, as the bank calls the new offering, offers an alternative to standard cards with a static CVV code that only changes when the card is replaced. A study done by Bank Negara Malaysia showed that upwards of 92 percent of total fraud losses were connected to card payment fraud. “RHB

Securities 43

Securities Banking Leverage Numbers 43

PYMNTS

JULY 10, 2020

Open banking comes in several flavors, yet its rise requires robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, Zac Cohen , chief operating officer at identity verification firm Trulioo told Karen Webster in a recent interview. In recent years, we’ve seen the heavily regulated version of open banking in the E.U.,”

Banking 108

Banking Securities Leverage Accounting 108

PYMNTS

MARCH 3, 2020

As part of a broader effort to bring the newest innovations to its operations, the National Bank of Fujairah PJSC (NBF) has teamed with blockchain firm Ripple to enable cross-border payments via the RippleNet platform. The technology allows the bank to tap into Ripple ’s cross-border network and improve its user experience.

Banking 100

Banking Treasury Invoicing Leverage 100

PYMNTS

JUNE 8, 2020

PYMNTS’ June 2020 B2B API Tracker® done in collaboration with Red Hat , observes that recent rapid adoption trends for APIs among banks and financial institutions (FIs) indicate a wolf at the door (Big Tech, challengers), but more so, the realization that customer experience (CX) is the new currency. Cloud Havens and Changing Keys.

B2B 52

B2B Securities Risk Management Banking 52

PYMNTS

AUGUST 3, 2020

banks and credit unions (CUs) have signed on to offer checking and savings accounts through Google Pay. We are thrilled to be collaborating with Google to offer our student customers enhanced digital bank accounts,” Luvleen Sidhu , BankMobile’s co-founder and CEO, said on Monday (Aug. Six additional U.S.

Accounting 95

Accounting Banking Budgeting Leverage 95

PYMNTS

SEPTEMBER 24, 2020

The ongoing COVID-19 pandemic and its associated social distancing and stay-at-home orders have pushed untold services online for easier consumer access, with banking serving as a prime example. Without in-person interactions with bank staff, account takeovers (ATOs) and customer impersonations are much easier for fraudsters to accomplish.

Banking 82

Banking Accounting Leverage Numbers 82

PYMNTS

MARCH 2, 2020

The hacker exploited a misconfigured security firewall to breach the system and covered her tracks so well that Capital One did not notice the issue for three months. The cloud security space needs to completely rethink its options if such strong systems can still be breached. Traditional Cloud Security Measures Are Not up to Snuff .

Securities 89

Securities Leverage Banking Technology 89

PYMNTS

SEPTEMBER 16, 2020

PSD2 and open banking regulations were forged to accelerate competition in the financial services arena, and this week, a look at the latest initiatives reveals the opportunity for new market entrants to rival incumbents in the small business banking arena. Payoneer Debuts Program For Banks. Banking and accounting for U.K.

Banking 56

Banking Concentration Reconciliations Invoicing 56

PYMNTS

SEPTEMBER 3, 2020

For companies, instant disbursements are cheaper and more secure than their paper-based counterparts. McFarland said the problem is with treasury banks — necessary parties to these transactions — struggling to meet the infrastructure requirements. It makes it difficult for [treasury banks] to adapt along with that technology.

Treasury 98

Treasury Banking Leverage Securities 98

PYMNTS

OCTOBER 29, 2020

With more and more FinTechs introducing their own banking services, the competition is heating up. Small business lending platform BlueVine is the latest FinTech to take this path, having taken the wraps off of its banking solution this week with the launch of BlueVine Business Banking. First Horizon Bank Adopts NCR Technology.

Banking 81

Banking Compliance Securities Leverage 81

PYMNTS

JUNE 23, 2020

The firm began to explore alternative digital payment methods after many of its clients began expressing needs for faster, more secure payment options, Senior Vice President of Finance and Treasurer Michael Kelly explained in an interview with PYMNTS. Wire transfers can be processed too quickly for some firms’ needs, on the other hand.

Leverage 52

Leverage B2B Prioritization Securities 52

PYMNTS

OCTOBER 21, 2020

In an interview with Karen Webster, the European Banking Federation’s ( EBF ) Alexandra Maniati , Director of Cybersecurity & Innovation, said the European banking industry is, increasingly, embracing the cloud to pivot to new financial services and products across the Continent. Moving into the Digital Age .

Banking 126

Banking Currencies Leverage Technology 126

PYMNTS

NOVEMBER 16, 2020

Digital identity has become a crucial part of the telecommunications industry as the proliferation of smartphones and the personal data they hold makes security paramount. Such security methods can be critical to preventing fraud that targets mobile users, of which one of the most prevalent types is SIM swap fraud.

Leverage 71

Leverage Numbers Securities Accounting 71

PYMNTS

APRIL 4, 2019

Consumers’ preferences are undeniably shifting digitally when it comes to banking and financial services. According to a recent study by Citibank , 31 percent of consumers use their mobile banking app more than any other — placing mobile banking behind only social media and weather for most frequented mobile destinations.

Banking 67

Banking Leverage Securities Education 67

Future CFO

APRIL 14, 2024

Strengthening application security and protecting sensitive data. Mitigating risks associated with bank accounts and trading activities. We invite you to download your copy today and embark on a journey toward a more secure, fraud-resistant future. Fostering a culture that prioritises vigilance and integrity.

Leverage 52

Leverage Securities Accounting Banking 52

PYMNTS

APRIL 10, 2020

The advent of the digital age means that, say, a millennial opening that bank account can receive products or services from their FI that touch on financial well-being and educational services. Enhancing those interactions with the FI requires a mindset and technology shift on the part of the bank, maintained Samy.

Banking 67

Banking Education Leverage Securities 67

Boston Startup CFO

APRIL 12, 2024

We will assist you in navigating the complexities of grant funding, ensuring proper financial management and compliance with funding requirements, providing accurate financial reporting, and maximizing the impact of your research and development projects, helping you secure continued funding and successfully advance your innovative initiatives.

Investments 40

Investments Finance Leverage Compliance 40

PYMNTS

NOVEMBER 3, 2020

Lingering economic uncertainty and growing fraud rates in multiple markets are prompting consumers to sharpen their focus on privacy and security. It also details how open banking’s expansion can help businesses build trust with new or existing customers seeking more secure ways to shop. The Pandemic And The Privacy Question .

Banking 77

Banking eCommerce Securities Leverage 77

PYMNTS

NOVEMBER 23, 2020

Blockchain and a bank charter might do much to boost financial inclusion. While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments.

Banking 86

Banking Leverage Compliance Technology 86

PYMNTS

MARCH 25, 2020

Digital fraud continues to flourish, with recent surveys finding that security breaches have increased 67 percent since 2014 and 11 percent since 2018. Organizations and security developers are investing billions of dollars in fighting these fraud attempts. In contrast, a fake website targeting online banking services costs $67.91.

Banking 59

Banking Leverage Securities Investments 59

PYMNTS

MAY 23, 2019

The B2B space is ripe for transformation, where outdated payment processes mark accounts payable (AP), and where technology can make all the difference as corporates choose their banking partners to satisfy their payment needs. Banks And FinTech Firms Together. Where We Are Now.

Banking 76

Banking Accounts Payable Leverage B2B 76

PYMNTS

NOVEMBER 6, 2020

has sought a national bank charter from the Office of the Controller of the Currency (OCC), which will let it meet “promises of efficiency, affordability and financial inclusion,” according to a Friday (Nov. For banks and other financial institutions, the tide is shifting toward an embrace of blockchain for handling transactions.

Banking 65

Banking Compliance Currencies Leverage 65

PYMNTS

JUNE 4, 2020

Some players in the space are now suggesting that open banking could be a tool to help FIs accelerate the know your customer (KYC) processes. FIs that enable open banking make application program interfaces (APIs) available to third parties, which can then use the APIs to seamlessly draw on customer data. Around The AML/KYC Landscape.

Banking 63

Banking Securities Risk Management eCommerce 63

PYMNTS

MARCH 26, 2020

To regain some of that ground, Connie Davis, senior vice president at FIS , told PYMNTS in a recent interview, FIs — particularly credit unions (CUs) and community banks — must transform the way they think about digital offerings and connected experiences. That means they can compete more effectively against digital-only competitors.

Banking 99

Banking Leverage Accounting Technology 99

PYMNTS

MAY 1, 2020

Challenger banks targeting small businesses with a range of digital-native services became a bright spot in this week’s roundup, though logistics and expense management also landed on the board. based challenger banks are few and far between. Wise is one of them, and reports said the company has just secured $5.7

Banking 66

Banking B2B Accounts Payable eCommerce 66