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Trustly debuts near-instant payments
In collaboration with Cross River Bank, the company’s platform enables various U.S. businesses – including trading companies, insurance companies, sports betting platforms and retailers – to offer their U.S. customers near-instant payments to their bank accounts. Get the details at: Tech Talk.
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BaaS alters the roles of banks and fintechs
Despite its somewhat confusing and evolving definition, there is no question that Banking-as-a-Service is here to stay and opportunities abound for banks, fintechs and non-financial companies alike. Get the details at: Tech Talk.
PayPal rolls out single-platform banking app
PayPal is launching a super app that offers consumers an all-in-one platform to manage personal finances, including early-access direct deposit, high-yield savings, shopping tools, bill payments, rewards and more. Get the details at: Tech Talk.
The banking industry cybersecurity threat
Working from home poses new threats to financial institutions as cybersecurity and digital transformation go hand in hand. With businesses undergoing rapid digital transformation, security needs to be simultaneously reinvented, especially when handling sensitive information or user data, which become prime targets for cybercriminals. Get the details at: Tech Talk.
CaaS: Leap of faith?
Many banks are now looking enviously at other sectors that have successfully adopted a software as a service (SaaS) model where the software is deployed on the service provider’s side, and the client accesses it through a web browser or similar secure portal. Could this work in a Compliance as a Service model? Get the details at: Tech Talk.
Consumer lending tech for banks
Acuity announced the launch of its retail lending services to support commercial and retail banks in the loan origination, processing, underwriting, closing and post-closing space. Get the details at: Tech Talk.
Four tech-driven forces threaten banks
As the migration to digital services accelerates, a report from Moody’s Investors Service seriously suggests that four forces could determine how much time traditional financial institutions have left. Get the details at: Tech Talk.
Personalizing services for digital banking
Research shows consumers are craving a level of personalization in their banking that signals unmet needs, and the share of customers who say they trust their banks has dropped sharply from only two years ago. This may indicate where the digital channel is failing some consumers by overlooking the human touch. Get the details at: Tech Talk.
APP fraud losses overtake card crime
In previous years the largest fraud losses have been unauthorized frauds mainly committed using payment cards. This year, however, criminals focused their activity on APP fraud, in which a customer is tricked into authorizing a payment to an account controlled by a criminal. Get the details at: Tech Talk.
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