The Federal Reserve recently released a white paper sharing insights on combating the risk of synthetic identity fraud. As we noted in an earlier article on the subject, this type of fraud is particularly difficult for traditional detection methods to flag, and it represents the fastest-growing type of financial crime in the United States. It’s a problem uniquely built for … [Read more...] about Addressing the Challenges of Synthetic Identity Fraud
Technology
FinTech Reaches a Digital Tipping Point
The world of digital transactions is in the middle of a meteoric rise, spurred by major lifestyle changes in the face of Covid-19. Ecommerce has developed more in the past three months than in the ten years prior, and that growth still hasn’t plateaued. How do FinTechs take advantage of that growth and adjust for the future? That was the theme of Plug and Play Ventures’ … [Read more...] about FinTech Reaches a Digital Tipping Point
Consumer Design and Data: Notes from Money20/20
During a typically busy Money20/20 day of running from one meeting to another, I had a chance to listen to several presentations concerning customer experience and how to use technology and data to make it great. Both are significant challenges to all businesses, but especially financial institutions of all sizes. The experience of financial services customers and how to … [Read more...] about Consumer Design and Data: Notes from Money20/20
NACHA Promotes Blockchain-Backed B2B Payments Directory
B2B payments have historically caused problems in the financial services industry. Vendor onboarding, keeping current payment information, and ensuring the proper remittance are massive, time-consuming tasks that are only growing more complicated as real-time payments become a bigger factor. NACHA, through their October 1 acquisition of the Business Payments Directory … [Read more...] about NACHA Promotes Blockchain-Backed B2B Payments Directory
New Solutions to Old Problems in Today’s WealthTech Ecosystem
Aligning business with technology can be daunting. The ever-present drumbeat of advancement can be hard to keep up with, particularly in the face of institutional inertia. But, implemented well, FinTech represents a real opportunity for all financial businesses big and small to not only keep ahead of client and shareholder expectations, but to meet them more easily. Speakers … [Read more...] about New Solutions to Old Problems in Today’s WealthTech Ecosystem
FinTech Favorites
FINTECH ARTICLES OF THE WEEK 06/05/17 This week's report focuses on some of my long-time favorite sources of banking and FinTech news and insight. I follow the industry through reports from media organizations and industry experts I respect and trust. I started thinking about my sources and methods after reading Ron Shevlin's post "FinTech influencer lists have jumped the … [Read more...] about FinTech Favorites