PYMNTS-MonitorEdge-May-2024

banking

Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. One key step towards financial independence is having a solid banking account.

Passkeys Replace Passwords as Banks Seek Better Authentication Options
Passkeys Replace Passwords as Banks Seek Better Authentication Options
October 07, 2024  |  Authentication

In the 21st-century financial services sector, security is paramount, and threats abound. As sophisticated cyber threats, from deepfakes to cloud vulnerabilities, spread from every corner...

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Big Banks Joust With Neobanks for Lower-Income Consumer Accounts
Big Banks Joust With Neobanks for Lower-Income Consumer Accounts
October 04, 2024  |  Banking

There’s a commonality in financial services — for brick-and-mortar players and for several FinTechs, though the approach may differ: Serving the needs of lower-income households....

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Fifth Third: Banks Emerge as Vital Partners in Navigating Healthcare’s Digital Transformation
Fifth Third: Banks Emerge as Vital Partners in Navigating Healthcare’s Digital Transformation
October 04, 2024  |  Healthcare

The healthcare landscape is as complex and slow moving as it is vital. But in an industry notorious for its slow tech adoption, healthcare providers...

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FDIC: High-Touch Beats High-Tech in Small Business Lending
FDIC: High-Touch Beats High-Tech in Small Business Lending
October 03, 2024  |  Loans

In small business lending — regardless of the size of the bank doing the lending itself — a high-touch approach and in-person visits to the...

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HSBC and Tradeshift Target B2B Embedded Lending Opportunity With New Venture
HSBC and Tradeshift Target B2B Embedded Lending Opportunity With New Venture
October 03, 2024  |  Alternative Finances

HSBC has launched an embedded finance venture aimed at its business clients. SemFi is a joint venture between HSBC and B2B global trade network Tradeshift, designed to...

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The Latest Data on Real-Time Payments Global Expansion
The Latest Data on Real-Time Payments Global Expansion
October 03, 2024  |  Real-Time Payments

Real-time payments are growing in popularity the world over, with governments, banks and corporates all doing their part to make these transactions the new norm....

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Thredd CEO: Unbundling of Banking Changes the Merchant Acquiring Game
Thredd CEO: Unbundling of Banking Changes the Merchant Acquiring Game
October 03, 2024  |  Payments Innovation

For decades, the “classic” four-party model dominated card payments — where the quartet was comprised of the cardholder, the merchant, the acquirer and an issuing...

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Russian Court Freezes $372 Million in BNY and JPMorgan Chase Assets
Russian Court Freezes $372 Million in BNY and JPMorgan Chase Assets
October 02, 2024  |  International

Reuters reported late Wednesday that a Moscow court has frozen $372 million in assets held by Bank of New York Mellon and JPMorgan Chase. The...

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FinTechs and FIs Find Common Ground on Scaling Real-Time AML Compliance
FinTechs and FIs Find Common Ground on Scaling Real-Time AML Compliance
October 02, 2024  |  Digital-First Banking

Recent announcements and partnerships have shown core banking’s appeal — not just for traditional FIs, but FinTechs too — as anti-money laundering (AML) efforts must...

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