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Why Credit Isn’t Working For Financial Inclusion

PYMNTS

But for many financial institutions, the use of credit as a determining factor on whether to provide access to banking products or not transforms the decision from one based on identity to one based on credit – a choice that can subsequently lock millions out of the financial world. Today, the path taken by many banks in both the U.S.

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How Machine Learning Fights “Hypnofraud”

FICO

Often, the ploy contains the threat that the account holder will be arrested if funds are not sent immediately. In 2017, the UK market experienced a reported 34,743 unauthorized fraud case attempts from remote banking channels (internet, mobile and phone banking), valued at a total of £417.5

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What’s Trending So Far In 2016

PYMNTS

Online Checkout Conversion. Consumers are moving to the Web to do their shopping, and the tool of choice that they are using is their mobile phone (or tablet). To add insult to injury here, the Census Bureau’s accounting for online sales as a percentage of retail sales may not be keeping up with the reality of what consumers are doing.