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Tag: Risk & Security

Transactions: Kasasa partners with community FIs on search tool

Financial technology provider Kasasa is partnering with 50 community banks around the U.S. on Finder, a new tool that allows banking customers to search...

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Banks and fintechs should perform ‘trust exercises’ amid OCC scrutiny of BaaS

It may just be that banking-as-a-service (BaaS) providers and fintechs have grown into unique and now mature collaborators that justify updated and revised requirements...

Banks can leverage automation, regulation for cyberattack prevention

Financial institutions can avoid becoming the next victim of a costly cyberattack by leveraging automation and existing legislation. Automation can help to mitigate risk...

Shaky economy alters fintech investment

Investments in fintechs dropped in the first half of 2022 compared with high funding volume in 2021 as interest rates continue to rise. However,...

Regtech SteelEye eyes US expansion

Fresh off a $21 million funding round, London-based regulatory technology provider SteelEye is expanding into the U.S. as it anticipates increased demand for compliance...

Bank of America launches biometric sign-in for CashPro

Bank of America on Monday announced the launch of QR and biometrics sign-in capabilities through its CashPro app, enhancing the identification and authentication process...

KeyBank deploys RPA to halt fraud in real time

Financial institutions are looking to snuff out fraudulent banking transactions in real time as consumers increasingly fall prey to online scammers. To combat this,...

Klarna plans to cut staff, growth plans after losses mount

Klarna Bank AB, months after announcing major job cuts and taking a $39-billion hit to its valuation, is planning to restructure parts of its...

Ally Financial uses RPA, AI to combat synthetic identity fraud

SEATTLE — Ally Financial is using robotic process automation (RPA) and artificial intelligence (AI) to identify the fraudulent paystubs commonly used in conjunction with synthetic identities.  ...

Lenders must satisfy regulators’ cloud inquiries, Truist’s Elliott says

SEATTLE — Lenders migrating to the cloud must fully understand their technology in order to satisfy potential inquiries from regulators, Bryce Elliott, Truist’s Chief Information...

4 authentication and messaging startups lenders should watch

NEW YORK CITY — Data and customer authentication and messaging platforms are proving to be at the fintech forefront as 33 fintechs demonstrated their...

Paystub Fraud is on the Rise

A contributory database where lenders share knowledge helps the industry reduce fraud. Recent trends highlight the importance of lenders collaborating to address fraud before...

Ransomware resiliency for storage and backup: trends, threats and tips

It’s all about the data. One thing is clear: the business value of data continues to grow, making it a bank’s primary piece of intellectual...

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