Banks are finding that they rarely save money off the top when they migrate applications to the cloud. The more substantial benefits are about productivity and speedier development.

Crooks can use deepfakes and other machine learning tools to circumvent traditional authentication security methods. Payment experts discuss how firms can protect themselves.

A company spokesperson said the company reviews fraud-related issues and refers them to law enforcement "as appropriate."

A survey of 135 financial services companies conducted by LexisNexis Risk Solutions, a subsidiary of LexisNexis, found that a vast majority reported increased levels of fraud in 2023.

First Electronic Bank is using technology from Spring Labs to analyze its fintech partners' customer communications and identify problems.

Membership requirements, expense and the nonprofit ethos largely keep credit unions from participating in the banking-as-a-service space. But a few, such as North Bay Credit Union in California, have carved out a niche.

SpringFour, which partners with banks and lenders to deliver financial resources to their end users, will join the C&R Software umbrella, where it hopes to expand into other markets beyond financial services.

People filmed themselves depositing bad checks, then quickly transferring or withdrawing the funds. Then they shared screenshots of their negative balances.

Credit card company is seeking to secure online payments using tokens based on consumers' biometric information.

Mr. Cooper will be filing a motion to dismiss a data breach-related class action by Sept.13, documents show.

The company's software helps financial institutions convert PDFs into portable financial data formats, and scans PDFs for signs of fraud.

In August's roundup of top tech news: Banks and retailers wrestle with the unseen consequences of artificial intelligence, Mastercard lays off roughly 3% of its workforce and more.

Truist, TAB Bank and MoneyGram headlined some of the biggest changes in executive leadership in the banking, fintech and payments industries.

Tech companies and banks are trying to shrink the carbon footprints of the large language models they create, host and deploy. Can they move fast enough?

Texas Dow Employees Credit Union publicly acknowledged on Monday that it suffered a data breach in May of last year.

Ally Bank is hosting a new series of virtual workshops where it hopes people will speak frankly about their emotions tied to money.

Shutting down Telegram could disrupt fraudsters targeting banks, according to experts. With charges against CEO Pavel Durov, the idea appears more than hypothetical.