Data and information management

Most fintech startups fall into one of two camps: those that want to compete with banks and those that want to save banks from themselves. Ripple is the rare exception that wants to do both.

Not all data providers are created equal, and credit unions must carefully evaluate any new partner’s technology, processes and more.

Consumer frustration with passwords is nearing a peak, with average users currently registered via password to more than 90 online accounts, and one in four consumers forgetting at least one password daily, according to a new study from Mastercard.

One might assume, wrongly, that the successful fintech entrepreneurs are millennials who are only creating lifestyle apps for their age bracket.

Private companies incorporated in Delaware could start issuing and tracking shares of stock on a distributed ledger this summer.

At the Analytics and Financial Innovation conference, two credit union consultants offered tips on how credit unions can achieve greater buy-in for implementing data analytics.

Federal law established oversight of banks’ security measures, but the lack of similar requirements for retailers creates a blind spot in defending against hacks.

At the Michigan Credit Union League’s annual conference, PayPal CEO Dan Schulman offered an overview of cyberthreats while praising the movement – an industry he considers a partner, rather than a competitor.

Counterfeit card fraud remains a fairly lucrative activity for criminals, mainly because the EMV chip migration the U.S. still has many gaps. As such, there was never a clear spike in card-not-present fraud since the anti-counterfeiting design arrived in the country, according to the card brands.

Hoping to convince e-commerce merchants to let Facebook target offers to customers, the social media giant is placing a strong emphasis on “dynamic ads” that include payment buttons.

Given the breach epidemic, it's time for retailers to consider the security of the vendors that sell point of sale systems, according to RiskVision CEO Joe Fantuzzi.

The selling of anonymized customer data may be legal, but it raises ethical questions about the use and protection of that information.

The ransomware attack caused fear across banks, retailers, health care and governments in May. But worse attacks may be on the horizon.

By making it easier and safer to share data with third parties, Wells Fargo's Brett Pitts says he is strengthening the bank's relationships with customers.

Merchants increasingly sing the praises of analyzing customer payment data to learn more about spending habits and deliver customized offers through mobile devices. American Express is kicking off a project to do the same with corporate travel data.

In a partnership designed to protect online customers from attacks, digital security providers ThreatMetrix and Gemalto will provide holistic authentication options to an array of financial services providers.

Researchers continue to prove that they can beat biometrics. However, the authentication method is still far superior to knowledge-based questions so long as banks also deploy other standard security practices.

Some of the biggest risks facing any large bank come from within, such as human error or mischievous traders. Risk management consultant and author Andrew Waxman discusses how cognitive psychology and augmented intelligence offer help.

With such massive amounts of data bolstered by ubiquitous modes of distribution, the most meaningful fintech investment opportunities center around enabling a new truth equilibrium.

It's time for credit unions, industry stakeholders and the movement's 107 million members to speak up and tell Congress to get serious about protecting members' data from retailer data breaches.