financial institutions

Banks Say Better to Be Proactive Than Reactive When Making Payments Real Time
Banks Say Better to Be Proactive Than Reactive When Making Payments Real Time
March 07, 2024  |  Faster Payments

Faster payments solve many traditional pain points endemic to legacy payment methods. But although several hundred financial institutions (FIs) have signed on to the two...

READ MORE >
Bottomline Updates Insider Fraud Prevention Tool
Bottomline Updates Insider Fraud Prevention Tool
February 22, 2024  |  Fraud Prevention

Business payments company Bottomline has debuted an updated fraud prevention kit. The company announced its enhanced Insider Threat Management solution Thursday (Feb. 22), saying it...

READ MORE >
Half of FIs Rely Entirely on External Data Encryption Tools to Detect Fraud
Half of FIs Rely Entirely on External Data Encryption Tools to Detect Fraud
February 08, 2024  |  Fraud Prevention

Over 40% of financial institutions (FIs) have reported higher-than-average volumes of fraud and financial crime, according to insights detailed in “FIs Depend on AI/ML Partners...

READ MORE >
Forvis Launches Platform to Help Financial Institutions Price Commercial Loans
Forvis Launches Platform to Help Financial Institutions Price Commercial Loans
February 05, 2024  |  Loans

Forvis has unveiled a platform designed to assist lenders with pricing commercial loans. The new LoanPricingPRO platform uses real-time metrics to help financial institutions manage and grow...

READ MORE >
Banks and CFOs Need Data-Sharing Plans to Fight Fraud
Banks and CFOs Need Data-Sharing Plans to Fight Fraud
February 02, 2024  |  Fraud Prevention

The fraudsters are wily, determined, acting in packs and probing for weaknesses. The best defense might be a collaborative approach — one where CFOs and...

READ MORE >
Mastercard and BOK Financial Expand Payments Partnership
Mastercard and BOK Financial Expand Payments Partnership
January 30, 2024  |  Partnerships

Mastercard has launched an expanded payments partnership with Oklahoma’s BOK Financial. The collaboration, announced Tuesday (Jan. 30), makes Mastercard the exclusive payments network for BOK’s debit and commercial portfolios,...

READ MORE >
Ransomware Attacks Spotlight Need for FIs to Gauge Third-Party Risk 
Ransomware Attacks Spotlight Need for FIs to Gauge Third-Party Risk 
January 24, 2024  |  Security & Fraud

The fraudsters grow ever-wilier, the attacks more brazen. And effective. A blog post this week from the Atlanta Federal Reserve noted that “at least” 60 credit...

READ MORE >
ModernFi Raises $18.7 Million to Expand Deposit Management Tools
ModernFi Raises $18.7 Million to Expand Deposit Management Tools
January 23, 2024  |  Investments

ModernFi has secured $18.7 million in funding to bring its deposit management tools to financial institutions of all sizes.  With the banking sector experiencing higher interest...

READ MORE >
Attack Vectors 2024: Identity Theft and Digital Banking 
Attack Vectors 2024: Identity Theft and Digital Banking 
January 12, 2024  |  Fraud Prevention

In the payments and financial landscape, staying still often means falling behind.  And falling behind in today’s rapidly digitizing environment can be dangerous.  That’s because...

READ MORE >