Provenir Takes Home Top Honors in the Global BankTech Awards,  Named ‘Best Credit Risk Solution’ for Two Years Running

Provenir Takes Home Top Honors in the Global BankTech Awards,  Named ‘Best Credit Risk Solution’ for Two Years Running

ByAdmin Fintech

The prestigious global awards program recognizes the world’s preeminent and ground-breaking technology vendors pioneering transformation in the financial services industry Parsippany, NJ –Provenir, a global leader in AI-powered risk decisioning software, today announced that it has been named winner of the “Best Credit Risk Solution by a Vendor” category in the annual Global BankTech Awards 2024. This…

How Banks Can Avoid Tech Bloat to Boost Efficiency, Security, and Innovation

How Banks Can Avoid Tech Bloat to Boost Efficiency, Security, and Innovation

ByAdmin Fintech

By Brendan Deakin, General Manager, U.S. Market, Provenir Today’s technology can be not only a vital enabler to progress and growth, but also a potential hindrance to efficiency. With the accumulation of outdated, redundant, or overly complex tech systems, larger financial institutions, including major banks, can feel the pressures of “tech bloat”. Tech bloat in…

Money laundering in the APAC region: Digital banking scammers outsourcing the laundering process

Money laundering in the APAC region: Digital banking scammers outsourcing the laundering process

ByAdmin Fintech

By Richard Booth, Asia Pacific vice-president at BioCatch While scam losses in Australia decreased by 18% in 2023, the total number of reported scam cases grew from 240,000 to 300,000. At BioCatch – the global leader in behavioural biometric intelligence – we’ve seen fraudsters armed with increasingly sophisticated, AI-powered toolkits continue to improve the quality…

Open Banking could become a mainstream payment method in 5 years time surpassing BNPL, emerchantpay research finds
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Open Banking could become a mainstream payment method in 5 years time surpassing BNPL, emerchantpay research finds

ByAdmin Fintech

LONDON, Wednesday, 19th June – New research released today by emerchantpay, a leading global payment service provider and acquirer, has found that there is strong market potential for merchants who prioritise the adoption of Open Banking payments early in their payment strategies. The survey of UK consumers found that one in two people are unknowingly using Open Banking during checkout, with more…

Banking facelift: How biometrics is reshaping CX in digital channels

Banking facelift: How biometrics is reshaping CX in digital channels

ByAdmin Fintech

By John Duggan, EVP of Sales, APAC at Daon Facial recognition, especially when combined with step-up authentication, provides an identity assurance paradigm that is not only resilient, but futureproof. For organizations in banking and financial services, embracing biometric authentication is more than a strategic move: it’s an executive mandate to strengthen trust and increase accessibility…

The future of mobile banking: Innovations in security and authentication

The future of mobile banking: Innovations in security and authentication

ByAdmin Fintech

By Edgar Zayas, BioCatch Director of APAC Global Advisory Digital and mobile banking have revolutionised the way we manage our finances. Gone are the days of waiting in line at a brick-and-mortar branch. With just a few taps on our smartphone, we can check balances, transfer funds, and pay bills. The pandemic and its various…

Decision intelligence in banking starts with clean data 

Decision intelligence in banking starts with clean data 

ByAdmin Fintech

By Jamie Hutton, Chief Technology Officer of Quantexa  According to McKinsey, nearly 60% of financial services companies have embedded at least one AI capability. Among the most common are process automation, virtual agents, or text understanding. But to truly benefit from the technology, the sector needs to broaden implementations from siloed one-off products or services…

How Does BMO Digital Banking Login Work?

How Does BMO Digital Banking Login Work?

ByAdmin Fintech

Learn how BMO digital banking login works. Explore features, benefits, and security measures for a seamless online banking experience with BMO. Introduction Digital banking has transformed the way we manage our finances, offering unprecedented convenience and access. BMO (Bank of Montreal) digital banking is a prime example of this innovation, providing customers with a range…

The synthetic identity crisis calls for digital ID certificates with reliability scores

The synthetic identity crisis calls for digital ID certificates with reliability scores

ByAdmin Fintech

By Wes Kussmaul, Founder of The Authenticity Institute and creator of the world’s first online Encyclopedia. In her November 9 article “Credit Repair Firms Driving $20B Synthetic ID Fraud Crisis”in the publication Bank Infosecurity, Suparna Goswami (gsuparna) notes that “Firms Help Customers Create False IDs and Promise to Improve Their Credit History.” Thomson Reuters reports…

The Dangers of Using Public Wi-Fi for Electronic Funds Transfer

The Dangers of Using Public Wi-Fi for Electronic Funds Transfer

ByAdmin Fintech

Discover the potential risks of using public Wi-Fi for electronic funds transfer. Learn how to protect your financial information from cyber threats. Introduction Electronic funds transfer (EFT) has revolutionized how we manage our finances, offering unparalleled convenience and speed. However, using public Wi-Fi for digital banking tasks, including EFT, poses significant security risks. This article…