We are living in a time where technology advances at rapid speeds, the internet is more widely used than ever before, and people are in constant communication with one another. As a result, we are experiencing an uptick in threats to privacy and data security like cybercriminals, malware and of course, data breaches. Now more … Read more
Investigating claims of transaction errors or fraudulent activity is time consuming and expensive. Finscend, a 2020 ICBA ThinkTech accelerator participant, is applying artificial intelligence to the problem. Aaron Lazor, Finscend CEO and co-founder, explains. [Continue]
Holding remote meetings out of sudden necessity created headaches for banks of all types and sizes. For any bank obligated to conduct annual general meetings, the popular remote meeting platforms don’t cut it. Enter Lumi, a United Kingdom-based tech company helping U.S. companies regain their meeting mojo. [Continue]
The increased use of digital banking tools spurred by the social distancing regulations and closing of branches during the coronavirus pandemic creates greater opportunity for hackers — and they are increasingly targeting online and mobile channels to carry out various forms of identity fraud. [Continue]
Fraud trends are ever-growing and ever-changing. Just when we have a handle on a current trend, a new one emerges. It’s important to be as vigilant as possible in identifying new trends, while at the same time not impacting your cardholders’ valid purchases. [Continue]
In the mad rush to make workplaces remote, not to mention daily life, most of us fumbled our way through learning how to Zoom. Or, we quickly learned Google Meet or GoToMeeting. All of these platforms offer essentially the same service. But are they secure enough for bankers to discuss sensitive topics like home mortgages and wealth management with their customers? [Continue]
Clear Capital is a Reno, Nev.-based real estate valuation and analytics technology company that has served mortgage lenders since 2001. BankBeat spoke to Kenon Chen, executive vice president of corporate strategy, about what valuation analytics look like in a changing marketplace. [Continue]
In today’s uncertain workplace reality, C-suite executives at financial institutions seem to have an endless list of urgent priorities requiring their attention. Recent reports have shown that there is an urgent, evolving worry that financial institutions must confront: cybersecurity, and specifically, the threat of ransomware. [Continue]
Engage People is a fintech startup providing rewards programs that link together customers, small businesses and banks. Len Covello, chief technology officer of the global technology provider, explains how reaching people with technology changes during and after the events currently shaking the world. [Continue]
Community banks by definition are traditionally bound by geography that cloud banking deems irrelevant. Now foreign tech firms are reaching into the United States and jumping into the increasingly competitive field of all-things-cloud. [Continue]