PYMNTS

DECEMBER 29, 2020

Debit solutions draw on funds consumers already have in their bank accounts, and while this makes them reassuring to debt-wary consumers, it can have implications if these details are snatched by fraudsters. Getting security right also means balancing customers’ security and privacy concerns. Around The Next-Gen Debit World.

Banking 121

Banking Leverage Securities Economics 121

PYMNTS

NOVEMBER 27, 2020

Remote onboarding has overtaken (some might say overwhelmed) banks and merchants all year long as a deluge of faceless applicants opened accounts and cards. Per the November Tracker , “Many banks, utility companies and government agencies have been leveraging two-factor authentication (2FA) for several years. Phone Call For You.

Securities 107

Securities Prioritization Numbers Accounting 107

Future CFO

DECEMBER 11, 2024

The banking sector has been known for its resilience and adaptability and must continue to innovate to thrive. With 2025 just around the corner, several key trends are reshaping the banking and financial services landscape. Banking executives must navigate a complex environment filled with challenges and opportunities.

Banking 52

Banking Risk Management Compliance Investments 52

CFO News Room

NOVEMBER 29, 2022

What’s unique about Anh, though, is how, as a solo advisor, she differentiates her firm by leveraging the combination of a high-touch concierge approach to client service with a unique investment management approach through the use of very carefully chosen structured notes to differentiate her portfolio design from other advisors.

Leverage 130

Leverage Planning Concentration Tax Planning 130

PYMNTS

SEPTEMBER 21, 2020

Gross negligence – or evidence of a battle waged by banks that requires new, high-tech weaponry? To that end, and as reported by BuzzFeed , documents submitted by banks to the U.S. The headlines blare a chorus: Banks are not doing their jobs. In terms of dollar amounts, Deutsche led the pack at $1.3 billion in fines.

Banking 139

Banking Leverage Technology Compliance 139

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

JANUARY 27, 2021

The banking industry faces many day-to-day business challenges, including competition with digitally native FinTechs and the ubiquitous social distancing restrictions brought on by the pandemic. The Fraud Threats Facing Digital-First Banks. Bot activity is the third major threat banks faced in 2020.

Securities 85

Securities Banking Leverage Construction 85

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

FISPAN

FEBRUARY 9, 2022

Now more than ever, banks have a myriad of digital opportunities to explore a better banking future. Driven by growing consumer demands, increasing regulatory changes, and the proliferation of API integrations, Open Banking has proven to be a promising market for Financial Institutions (FIs) worldwide.

Banking 97

Banking Leverage Accounting Economics 97

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

Global Finance

JULY 29, 2024

Nonbanks have eaten into traditional banks’ marketplace. Can the older banks retake lost ground by simply becoming more agile? Once upon a time, banking was simple: Take deposits, use depositors’ money to make loans, and transfer payments between clients and earn a commission. All three pillars are now under assault.

Banking 104

Banking Profit and Loss Financial Systems Technology 104

PYMNTS

DECEMBER 6, 2020

MonetaGo , which specializes in blockchain technologies, and GUUD Company , which focuses on making international trade smooth, have teamed up on international financial transaction security, MonetaGo announced in a press release. Both companies are based in Singapore. Going paperless has to happen.”.

Securities 82

Securities B2B Leadership Finance 82

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

Global Finance

OCTOBER 11, 2024

Global Finance presents its 31st annual list of best banks worldwide. Banks face an uphill battle as supply chains remain disrupted, regional conflicts continue to build, and the fear of bank failure returns. Industry leadership, advancements in digitalization and corporate citizenship also factored in.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

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 Accounting Leverage 108

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 Securities Budgeting Leverage 97

PYMNTS

MAY 1, 2020

Open banking developments were impacting customers’ interactions with their banks before the COVID-19 pandemic. have passed laws or implemented programs over the past two years to put more focus on digital banking and data security, fundamentally changing how online transactions work. with ease, control and security.”.

Banking 98

Banking Securities Leverage Finance 98

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 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

Global Finance

JULY 16, 2024

Throughout its 30-year history, Converse Bank has been a trendsetter in Armenia. This began with it as the first bank since the country became independent to be set up with foreign investment – led by principal shareholder Eduardo Eurnekian, an Argentine-Armenian businessman. Being a pioneer seems to be in Converse Bank’s DNA.

Banking 98

Banking Currencies Leverage Accounting 98

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

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

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

Global Finance

FEBRUARY 5, 2025

He was formerly corporate finance director at SBM Offshore and vice president, Oil & Gas Asia, at NIBC Bank. Transitioning from my previous roles in banking and at SBM Offshore in oil and gas to a CFO role with a broad portfolio was a significant step. Building and leveraging a network is incredibly important.

CFO 64

CFO Corporate Finance Finance Communication 64

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

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 Technology Accounting 99

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

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

Global Finance

JANUARY 9, 2025

Incorporated in Hong Kong in 1918, BEA is a leading global bank listed on The Stock Exchange of Hong Kong, and operates one of the largest local branch networks. In the Chinese Mainland, BEAs presence dates back to the opening of the Banks Shanghai branch in 1920. Morgan, BlackRock, Janus Henderson, Schroders, and BEA Union Investment.

Foreign Exchange 52

Foreign Exchange Currencies Banking Investments 52

PYMNTS

NOVEMBER 24, 2020

Businesses and financial institutions (FIs) are constantly examining ways to make their customers’ accounts more secure, especially as more consumers go online to make purchases and transact during the ongoing COVID-19 pandemic. A convenient, yet secure solution could be just a few taps away, however.

Sales 108

Sales Leverage Securities Banking 108

Strategic Treasurer

MAY 12, 2022

Survey Shows Non-Bank Financial Institutions Prioritizing Security, Compliance, Efficiency. AI and ML Investments Expected to Grow, Supporting Security and Fraud Prevention. Atlanta, GA] May 12, 2022 — Today, Strategic Treasurer and Kyriba release the results of the Non-Banking Financial Institution (NBFI) Survey.

Prioritization 52

Prioritization Compliance Securities Banking 52

E78 Partners

NOVEMBER 25, 2024

As businesses grow and expand globally, E78’s commitment to efficient, secure, and adaptable transaction services ensures clients can manage financial transactions with ease and precision. Digital transformation enables the execution of intricate financial transactions instantly across countries and with improved security.

Securities 52

Securities Restructuring Valuation Financial Modeling 52

Future CFO

MARCH 5, 2025

When 2024 ended, its trends and themes for the Finance function certainly did not ceaseas digital transformation , ESG, and cyber security costs continue to dominate the stage for chief financial officers to watch. As for their methods, Law explains that effective upskilling goes far beyond the traditional classroom setting. "We

Finance 91

Finance Problem Solving Technology Communication 91

PYMNTS

MAY 27, 2020

And according to five observers across the spectrum of traditional financial institutions (FIs), payment networks and digital-only banks, opportunities are there for digital-first and hybrid models alike to succeed — so long as they harbor a relentless focus on identifying and solving customer problems. The Great Stress Test.

Banking 94

Banking Healthcare Accounting Securities 94

PYMNTS

JANUARY 26, 2021

Fraud and other forms of cybercrime are perennial challenges for digital-first banks and businesses of all types, as their extensive web presences open additional doors that allow bad actors to infiltrate their operations. Digital-first FIs like First Bank instead leverage multiple layers of defense, tailoring each to a specific threat.

Banking 70

Banking Education Leverage Securities 70

PYMNTS

MARCH 10, 2020

A recent study found 32 percent of security incidents in 2019 involved phishing and 29 percent involved stolen credentials, both of which would have been much more difficult had secure digital ID systems been in place. Businesses and organizations are already taking steps to close this security gap. billion by 2025, with $1.6

Securities 109

Securities Leverage Banking Technology 109

Future CFO

OCTOBER 25, 2023

Scams and frauds in banking are undeniably not a new thing anymore as fraudsters have found more ways to do crimes, given that phones and the Internet have served as medium for the unwanted to happen. The post Leveraging machine learning to detect financial fraud appeared first on FutureCFO.

Leverage 52

Leverage Auditing Finance Financial Data 52