PayThink

Having new guidelines and more regulations will allow for more transparency and give the opportunity for legitimate businesses to invest and strengthen their position in the market, writes Sushil Prabhu, CEO of OpenCrowd.

Why now? Will it work? How will their rivals respond? The megadeal between the two East Coast regionals offers up plenty of grist for speculation.

It’s past time for every organization handling sensitive data to lock down their security, and to stop relying personally identifiable information to verify users, writes Ryan Wilk, vice president of customer success for NuData Security.

Management success isn’t about adopting the latest technology craze or exuding charisma, it’s about prioritizing employees and customers.

Unintentional friendly fraud happens more often as a result of poor consumer and poor issuer (bank) education, and a lack of consistently applied policies, according to Monica Eaton-Cardone, COO of Chargebacks 911.

As major vendors consolidate, financial institutions should be looking to adopt emerging technologies, rather than relying solely on legacy firms to provide services.

Both banks and credit unions in fact do a lot today to better the world. Collectively, they pour billions of dollars into their communities and causes that align with their respective mission, writes Elena Pierce, COO of In/PACT.

Fintechs and payment startups are creating a range of solutions to SME financing, from crowdlending and invoice-backed factoring to digitalization and formalization of business processes, according to OmniBnk's Andrés Abumohor.

Young consumers don't have long credit records, but they do make lots of recurring payments that can feed credit risk decisioning, according to Barrett Burns, president and CEO of VantageScore Solutions.

Despite recent chatter about a delay, there’s reason to believe the Current Expected Credit Losses accounting standard will go into effect next year. Regulators should do more to help smaller institutions prepare.