PYMNTS-MonitorEdge-May-2024

Banks

Banking, Credit Cards, Home Loans & Auto Loans. Personal. Small Business. Wealth Management is just some of the main things a Bank will offer in terms of services.

Fraudsters Shift Tactics to Customers, Challenging Financial Institutions to Innovate
Fraudsters Shift Tactics to Customers, Challenging Financial Institutions to Innovate
November 22, 2024  |  Fraud Prevention

With financial institutions (FIs) fortifying their defenses and evolving their strategies against digital payment fraud, criminals are turning to a new weak spot: the customers...

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Bridging the Digital Divide: How Banks Can Meet Customer Expectations in Lending
Bridging the Digital Divide: How Banks Can Meet Customer Expectations in Lending
November 22, 2024  |  Banking

Banks and credit unions may feel like they offer a best-in-class digital experience — and the readiness to offer new services and options — when...

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Regulators Tell House Committee They’ll Pause New Banking Rules
Regulators Tell House Committee They’ll Pause New Banking Rules
November 20, 2024  |  Bank Regulation

There’ll be a moratorium on new banking rules — at least for a bit. A trio of the top financial services industry regulators told the...

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OCC’s Hsu Supports Chartering Regime for Nonbanks
OCC’s Hsu Supports Chartering Regime for Nonbanks
November 20, 2024  |  Regulation

Acting Comptroller of the Currency Michael J. Hsu said he supports “federal payments regulation and a chartering regime for nonbanks.” In a written statement on...

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Revolut CEO: Growing Without Banking License Was ‘Wrong Decision’
Revolut CEO: Growing Without Banking License Was ‘Wrong Decision’
November 20, 2024  |  Bank Regulation

Is U.K. FinTech startup Revolut pursuing a banking license in the U.S? CEO Nik Storonsky reportedly hinted as much when speaking to an audience of...

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Citi Sees Blockchain at Center of Borderless Commerce Initiative
Citi Sees Blockchain at Center of Borderless Commerce Initiative
November 20, 2024  |  Blockchain

If the payments landscape had a holy grail, it would be seamless cross-border payments. Unlike domestic payments, which are shifting toward a real-time, 24/7 model,...

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Financial Institutions Face Surge in Check Fraud
Financial Institutions Face Surge in Check Fraud
November 19, 2024  |  News

Banks, credit unions and brokerages are reportedly racing to keep up with a surge in check fraud as tips for committing the crime are being...

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Temenos Offers On-Site GenAI From Nvidia for Banks
Temenos Offers On-Site GenAI From Nvidia for Banks
November 19, 2024  |  artificial intelligence

Banking software provider Temenos says it has begun offering its “on-premises” generative artificial intelligence (AI) to banks. The tool, built with Nvidia’s AI platform, is...

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Payhawk Teams With J.P. Morgan Payments to Offer Banking Services
Payhawk Teams With J.P. Morgan Payments to Offer Banking Services
November 19, 2024  |  Partnerships

Expense management firm Payhawk launched a partnership with J.P. Morgan Payments. The collaboration will see Payhawk use J.P. Morgan Payments’ APIs to let customers store,...

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