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Resisting refunds for unauthorized Zelle payments
Regulation E, the report noted, makes it so banks have to make clients whole if their money is stolen via an electronic payment another person has initiated. However, this was written before payment apps existed. Get the details at: Tech Talk.
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BaaS: Embedded finance for FIs
Chris Dean, co-founder and CEO of Treasury Prime, told Karen Webster that banking as a service can advance financial services in the U.S. to a level that meets and exceeds other nations. Get the details at: Tech Talk.
Is SNBL more sustainable than BNPL?
In response to BNPL, there is a countermovement called "Save Now Buy Later" (SNBL). This movement aims to provide the same user-friendly embedded (payment) experience as BNPL, but without pushing people into credit. Get the details at: Tech Talk.
Fintechs and banks should collaborate
Rather than competing, fintechs and traditional banks might possibly create more value by working together. Get the details at: Tech Talk.
Banks can incorporate a digital‑only strategy
People have changed the way they make decisions about their banking relationships. Ten years ago, for example, someone choosing a bank would more than likely select the one with the branch closest to their home or office. But with bank branch visits declining, people will likely want different things from their bank a decade from now Get the details at: Tech Talk.
PaaS: a new technological approach
Amid growing concerns about security, fraud, and regulatory change, PaaS providers are helping banks and businesses address these issues and decrease payment infrastructure costs by as much as 70%. Get the details at: Tech Talk.
The thought behind Composable Banking
Sue Laws, SVP, BSG, Americas, Temenos, speaks at TCF 2022 about banking trends in the US, how customer demands driving trends like embedded finance and buy-now-pay-later, the importance of digital transformation and how US banks should approach IT modernization. Get the details at: Tech Talk.
FIs must double down on open source
While the financial services sector has hardened its cyber defenses compared with other industries and become one of the earliest adopters of zero-trust security, institutions must continue to embrace open source technology while actively engaging in risk mitigation. Get the details at: Tech Talk.
An open finance model for the world
A platform approach has evolved, where a centralized API provider enables interconnectivity between financial institutions and third-party providers (TPPs) to create open finance on a national or regional basis. Get the details at: Tech Talk.
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