Technology
Technology
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As U.S. counterfeit card fraud declines with the advance of EMV, researchers say fraudsters seeking richer ground are reviving a familiar card scam based on creating fake credentials, known for many years as synthetic identity fraud.
May 18 -
Some banks seek to dominate the digital-identity business, but they stand to benefit even if their efforts fall short.
May 17 -
As financial institutions look closer at the increasingly detailed consumer credit data available, they are learning consumers are more apt to pay off personal loans before mortgages, auto loans and credit cards.
May 17 -
Google's new "Actions on Google" platform eliminates what is possibly the biggest source of friction in mobile commerce: Getting consumers to download an app and set up an account for purchasing.
May 17 -
Banks and nonbanks are typically foes, but banks made 34 nonbank M&A deals through mid-May, emerging as buyers in two-thirds of them. Many buyers are eager to pad fee income by adding investment, specialty finance or insurance firms; sellers are typically looking to cut costs. Here is a roundup of such deals this year.
May 17 -
Fifteen participants will be chosen for the two-year innovation curriculum.
May 17 -
Fintech still has a ways to go to change the financial world, but it already offers solutions to income insecurity that can be truly transformational right now.
May 17 -
Cashing in digital currency for government-backed paper may not be so easy; JPM CEO is taken to task by shareholders for his close ties to President Trump.
May 17 -
New York established the nation’s first cybersecurity regs for FIs, but the recent WannaCry ransomware attacks provide lessons for CUs well beyond the Empire State.
May 17 -
Cybersecurity professionals are having hard time keeping up with the vulnerabilities exposed on a daily basis in networks handling payments or personal data, according to new research from Bay Dynamics.
May 17 -
Product searches can be confusing, which can increase card abandonment and cut into sales. Virtual assistants and other customer service improvements can solve the problem, writes Arjun Mendhi, a director at Infinite Analytics.
May 17 -
Numerated Growth Technologies has a platform that lets banks make lending decisions in as little as five minutes. The spinoff will be run by Dan O'Malley, Eastern's former chief digital officer.
May 17 -
As financial institutions look closer at the increasingly detailed consumer credit data available, they are learning consumers are more apt to pay off personal loans before mortgages, auto loans and credit cards.
May 17 -
Royal Bank of Canada is applying blockchain technology to its loyalty program, in an effort to make its rewards more tangible and accessible.
May 17 -
In an extensive interview, Philadelphia Fed President Patrick Harker talks about the challenges facing community banks, the biggest threat to the financial system and the possibility of interest rate hikes later this year.
May 16 -
Steve Allocca is expected to play a key role in the online lender’s efforts to restart loan growth.
May 16 -
Bank of America is giving its "erica" chatbot more time to learn the nuances of language and banking basics. A profanity filter is one recent addition.
May 16 -
American Express Co. is the latest to add voice controls for card services via the Amazon Alexa digital assistant.
May 16 -
Banks have resisted the need to switch their core systems, but how long can a financial institution continue to operate on a foundation of dust?
May 16 -
Investors have poured $15 million into Nymi to help the Toronto startup commercialize its wearable authentication technology.
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