PYMNTS

AUGUST 21, 2020

Digital banking is reaching unprecedented levels of popularity amid the pandemic, with 89 percent of American bank customers using mobile banking apps to manage their savings and checking accounts. billion by 2024. About The Tracker.

Blocks 106

Blocks Identity Theft ATM Online and Mobile Banking 106

Fintech Finance

FEBRUARY 24, 2025

As the worlds fastest-growing real-time payments market, the Middle East is experiencing a surge in mobile wallet adoption, mobile banking, and progressive government-backed payment systems.

Fraud Detection 59

Fraud Detection Cross-Border Economy Fraud Prevention 59

The Payments Association

DECEMBER 18, 2024

With millions of people relying on mobile phones but lacking access to traditional banking services, digital wallets provide crucial financial servicesoffering everything from secure transactions to mobile banking options.

Cross-Border 88

Cross-Border AI Push-to-Card Real Time Payments 88

M2P Fintech

APRIL 17, 2025

Initially, APIs were point-to-point connectors to enable simple integrations; with rapid innovations, they have now matured into a foundational layer supporting a wide range of use casesfrom customer onboarding and loan origination to card issuance and fraud detection.

API 52

API Payment APIs and Integration Non-Bank Fraud Detection 52

FICO

NOVEMBER 10, 2020

As someone who has worked in fraud detection and mitigation for more than 30 years, I wanted to share some important facts on how banks and card issuers protect their customers from fraudulent transactions: with multiple defenses that are often invisible, and more importantly, often intentionally frictionless. Emphases added.).

Credit Cards 98

Credit Cards Consumer Card Issuer Issuers 98

FICO

MARCH 29, 2021

Although daily UK open banking transaction volume slipped immediately following, the overall volumes have steadily climbed upward, with current average daily volumes far exceeding those seen before the event. Example UK bank view of open banking daily transaction volume from January 2019 to January 2020.

Fraud Detection 52

Fraud Detection Volume Addressing Transactions 52

Payments Source

MAY 15, 2020

Criminals developing EventBot malware built it to take advantage of businesses and humans turning to mobile banking and payments in the current coronavirus crisis — but also to update itself on the fly to become more insidious in the future.

Mobile Payments 84

Mobile Payments Mobile Banking Payments Fraud Detection 84

PYMNTS

DECEMBER 14, 2020

On the fraud front, for example, banks and FIs learned that “Using AI for real-time fraud detection is akin to having a fingerprint scanner that takes customers’ biometric data every second,” the Playbook states. “An

AI 87

AI Risk Assessment Online and Mobile Banking Credit Risk 87

Fintech Finance

FEBRUARY 19, 2025

GenAI can also support fraud detection by flagging unusual transaction activities, predicting user payment preferences and auto-filling details to speed up the checkout process while also generating personalized loyalty programs. Instead, they are redirected to their online/mobile banking platform to confirm the payment transaction.

Innovation 59

Innovation Online and Mobile Banking Security Fraud Detection 59

FICO

AUGUST 24, 2020

Second, after I figured out how to use mobile deposit the first time, I asked myself, “Why did I ever go to the bank? Mobile deposits are so easy!”. Mobile banking and payments activity has surged globally since March 2020, driven by factors including temporary bank branch closures and a rise in contactless payments.

Online and Mobile Banking 52

Online and Mobile Banking Mobile Deposit Funds Availability Contactless Payments 52

Bank Automation

MARCH 13, 2024

Greylock Federal Credit Union has selected Alkami to improve its digital banking offerings. billion credit union will implement the Alkami Digital Banking Platform to provide online and mobile banking to its retail and business clients, according to Alkami’s March 5 release.

Credit Union 78

Credit Union Online and Mobile Banking Transactions Mobile Banking 78

The Fintech Times

DECEMBER 21, 2023

. “By enabling instant and secure money transfers between banks and individuals, FedNow aims to modernise and enable a more efficient US payment infrastructure. In 2024 I expect to see a surge in real-time transfers as more customers demand a seamless banking experience.” .

Cross-Border Payments 115

Cross-Border Payments Cross-Border Online and Mobile Banking Payments 115

Fintech News

JANUARY 18, 2024

In the banking sector, for example, already generative AI can automate and optimise processes like customer service, fraud detection, and bespoke financial advice, enhancing customer experience and operational efficiency. Moreover, OCBC has leveraged AI in bolstering its anti-money laundering measures.

AI 106

AI Financial Crimes Crime SWIFT 106

Fintech Review

APRIL 11, 2025

This includes services like mobile banking, peer-to-peer payments, investment platforms, and blockchain applications. Essential for open banking. AI and Machine Learning : Used for credit scoring, fraud detection, chatbots, and personalised recommendations. At its core, fintech challenges the status quo.

FinTech 52

FinTech Online and Mobile Banking Payment APIs and Integration Cross-Border 52

PYMNTS

MAY 25, 2016

“We know mobile is key to the future of payments, and we expect Wells Fargo Wallet to provide us a richer understanding of the quickly evolving landscape.”. Wells Fargo confirmed that all payments made via the Wells Fargo Wallet will be monitored by the bank’s risk and fraud detection systems, as well as protected by Zero Liability.

Fraud Detection 40

Fraud Detection Ubiquitous Mobile Banking Mobile Payments 40

PYMNTS

FEBRUARY 18, 2020

Banks that earn consumers’ trust by securing their mobile data and transactions will likely see plenty of growth, as 40 percent of U.S. consumers now use mobile banking. Fraud orchestration will be key for these FIs given that 93 percent of such attempted transactions were flagged as fraudulent, however.

Authentication 52

Authentication Identity Theft Multifactor Authentication Fraud Prevention 52

PYMNTS

NOVEMBER 25, 2019

Each new generation of malware and Trojans is exponentially more sophisticated in evading detection to ensure a longer life of stealing personal and account information. LaSala pointed to data from Kaspersky Labs that show the number of mobile banking Trojans increased by 138 percent between 2017 and 2018.

Account Takeovers 56

Account Takeovers Fraud Detection Encryption Regulations 56

FICO

JULY 31, 2018

The total size of the cyber-enabled threats will come to the fore as PSD2 reporting comes into play across Europe, but early indications from the UK show that cyber-enabled digital fraud is set to overtake plastic fraud by 2020.". These are the pillars of our approach to fraud detection and fraud management.".

Irrevocability 45

Irrevocability Fraud Detection Payments Real Time Payments 45

PYMNTS

OCTOBER 11, 2019

Mobile, online and phone channels all have distinct fraud challenges and customer needs, after all. “We We offer the ability to log into online and mobile banking services using face ID and fingerprint ID. Banks also need to match fraudsters’ technologies if they want to defend their platforms.

AML 49

AML Money Laundering Online and Mobile Banking AI 49

PYMNTS

DECEMBER 20, 2017

“We have limits to the dollar amounts that people can transfer, [and] we’re doing fraud monitoring at individual banks and across the whole faster payments network, so there’s a real combination of different security strategies. We have multiple layers of technology and of fraud detection put into our network.”.

AI 83

AI Real Time Payments Faster Payments Payments 83

PYMNTS

OCTOBER 11, 2018

The challenge, Fagan noted, is keeping up that high level of consumer satisfaction in the digital age, as consumers now expect a certain level of service when it comes to mobile banking, payments, and loyalty or security. The fraud detection system obviously needs to first stop the attempted break-in at that single touchpoint.

Credit Union 56

Credit Union Fraud Detection Online and Mobile Banking Account Takeovers 56

M2P Fintech

JANUARY 3, 2024

Regulatory Compliance To stay compliant, banks need to adhere to central bank regulations on transaction security, data security, and privacy, among others. Core banking systems must have integrated compliance features that can adapt to evolving standards and regulations for robust security and fraud detection.

Payment APIs and Integration 59

Payment APIs and Integration CRM Online and Mobile Banking Privacy 59

PYMNTS

OCTOBER 10, 2019

The iPhone’s adoption of passcodes, thumbprints and Face ID to unlock the device, for instance, led to online and mobile banking solutions embracing Face ID to sign into their systems, too.

Small Business 49

Small Business Authentication Online and Mobile Banking Risk Mitigation 49

M2P Fintech

JANUARY 21, 2025

Effective Fraud Detection: By integrating machine learning into advanced fraud detection mechanisms, it effectively identifies and prevents fraudulent activities. AllCloud AllClouds Loan Origination System focuses on delivering speed, accuracy, and scalability for lending businesses.

Origination 52

Origination Payment APIs and Integration Underwriting Automation 52

Stax

JULY 9, 2024

Peer-to-peer electronic payment methods link to the payer and payee’s bank account to withdraw and deposit funds, providing a way for users to easily perform a funds transfer. In most cases, mobile banking apps do not have the capability to transfer money between users that don’t share the same bank account.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

FICO

SEPTEMBER 10, 2020

In response, many banks in the US have raised daily limits on mobile check deposit to $7,500 per week, while online brokerages such as E*Trade allow customers to deposit $250,000 per day via mobile check deposit. Over the last few months I’ve talked a lot about the convergence of fraud and compliance infrastructure.

Crime 52

Crime Money Laundering Online and Mobile Banking Romance Scams 52

FICO

AUGUST 3, 2022

Innovative Customer Communications for Fraud. Removing friction from legitimate customer interactions – and getting disputed transactions back on track – calls for customer communications that are integrated with fraud detection. Global Fraud Trends: What’s Happening and What’s Next?

Financial Crimes 52

Financial Crimes Crime Scams Bots 52

PYMNTS

SEPTEMBER 13, 2018

The number of consumers visiting bank branches is set to decline by 36 percent over the next five years, while mobile banking usage is projected to increase by 121 percent. Consumers turning away from bank branches and toward new connected channels are doing so in search of increased ease and convenience.

Security 44

Security AI Online and Mobile Banking Authentication 44

The Fintech Times

FEBRUARY 19, 2024

Mobile banking and digital wallets empower individuals who may have been excluded from traditional banking systems, enabling them to participate in the formal economy and build financial resilience. Financial inclusion and accessibility The move towards a cashless society also promises to foster financial inclusion.

Financial Inclusion 59

Financial Inclusion Online and Mobile Banking Digital Currency Economy 59

Fintech Labs Insights

JUNE 22, 2016

Operational Risk Magazine names Clari5 from CustomerXPs Best Fraud Detection Product at the 2016 OpRisk Awards. Banking CIO Outlook names Tyfone a Top 10 Mobile Banking Solution Provider for second year in a row. On Finovate.com.

Fraud Detection 17

Fraud Detection Mobile Banking Compliance Risk 17

FICO

APRIL 29, 2022

Keep track of your transactions, which is easier than ever with mobile banking apps that send you notifications and alerts. I would also apply “take it easy” to putting new apps on phones and scanning QR codes, which scammers are increasingly using to perpetrate fraud. Check yourself before you wreck yourself.

Retail Payments 52

Retail Payments Zelle Consumer Romance Scams 52

PYMNTS

SEPTEMBER 11, 2019

STACK implements various behind-the-scenes procedures — tokenization, identity verification and automated fraud detection, for example — and provides customer-facing options that give users a sense of control and transparency.

Security 45

Security Online and Mobile Banking Procedures Deepfake 45

Fintech Labs Insights

OCTOBER 11, 2016

Malauzai Software teams up with Guardian Analytics adding new fraud detection functionality to mobile banking apps. Q2 launches Centrix Dispute Tracking System Fraud Alerts module. Around the web. UAE Exchange partners with Jumio for identity verification. Read our interview with Jumio CEO Stephen Stuut.

Fraud Detection 15

Fraud Detection CRM Disputes Verification 15

Fintech Labs Insights

JULY 16, 2015

BehavioSec’s BehavioMobile offers fraud detection by monitoring device rhythm and interaction patterns that are unique to each end user. Finanteq’s white-label SUPERWALLET helps banks take full advantage of their potential by integrating m-commerce and remote services with mobile banking apps.

Online and Mobile Banking 26

Online and Mobile Banking Payment APIs and Integration Advisors Push-to-Card 26

The Fintech Times

MAY 22, 2024

In this regard, the industry has been leveraging AI and machine learning capabilities for more than a decade now and we are seeing a clear benefit to our customers in areas like payment authorisations, real-time fraud analysis, fraud detection and reducing false positives.”

Scams 59

Scams Finance Push-to-Card Romance Scams 59

Payments Source

NOVEMBER 27, 2018

banks move toward faster payments, they should heed the lessons U.K. banks learned about criminals after launching their real-time transaction system, says Varo Money's fraud strategy leader.

Faster Payments 62

Faster Payments Transactions Payments Real Time Payments 62

Fintech Labs Insights

JULY 21, 2016

Digital bank startup. Tags: SMB, expense management, employees, accounting, bookkeeping, fraud detection, risk management. Source: FinDEVr. Latest round: $40 million Series B. Total raised: $52.7 HQ: Berlin, Germany. Source: Crunchbase. Invoice lender to small businsesses. Latest round: $30 million Debt. Latest round: $2.9

FinTech 16

FinTech Underwriting P2P Online and Mobile Banking 16