PYMNTS-MonitorEdge-May-2024

financial institutions

FIs Depend on AI/ML Partners to Fight Next-Gen Fraudsters
FIs Depend on AI/ML Partners to Fight Next-Gen Fraudsters
December 06, 2023  |  Fraud Prevention

PYMNTS Intelligence recently found that more than 40% of financial institutions (FIs) see increasing fraud and financial crime. This advancing wave likely poses a significant...

READ MORE >
58% of Consumers Consider Convenience When Applying for Credit Products
58% of Consumers Consider Convenience When Applying for Credit Products
November 28, 2023  |  Consumer Insights

Consumers face a multitude of choices when it comes to credit products, and their decision-making process is influenced by several key factors — their assessments...

READ MORE >
Entrust Launches New Digital Account Opening Solution for Financial Institutions
Entrust Launches New Digital Account Opening Solution for Financial Institutions
November 28, 2023  |  Digital Banking

Entrust has launched a new digital account opening solution for banks and credit unions. The new Entrust Digital Account Opening Solution is designed to overcome...

READ MORE >
Banks Play Important Role in Helping Paycheck-to-Paycheck Consumers Build Savings
Banks Play Important Role in Helping Paycheck-to-Paycheck Consumers Build Savings
November 28, 2023  |  Consumer Finance

Amber Carroll, senior vice president of membership and lifecycle strategy at LendingClub, told PYMNTS that U.S. consumers face a cash drain — but proactive planning can...

READ MORE >
Alkami Offers Banking Clients Plaid API Access
Alkami Offers Banking Clients Plaid API Access
November 12, 2023  |  B2B Payments

Digital banking solutions provider Alkami is offering clients access to Plaid’s application programming interface (API). The new offering, announced Thursday (Nov. 9) lets Alkami’s financial institution (FI) clients benefit from...

READ MORE >
Visa Completes Pilot Test of CBDC in Hong Kong
Visa Completes Pilot Test of CBDC in Hong Kong
November 02, 2023  |  CBDC

Visa, in collaboration with HSBC and Hang Seng Bank, has successfully completed a pilot test in Hong Kong to study tokenized deposits using central bank digital currencies (CBDCs)....

READ MORE >
Fiserv: Collaboration and Communication Help FIs and FinTechs Navigate Uncertain Regulatory Landscape
Fiserv: Collaboration and Communication Help FIs and FinTechs Navigate Uncertain Regulatory Landscape
November 02, 2023  |  Regulation

The steady drumbeat of legislation and regulation echoes through federal buildings in Washington, D.C. and through state capitols across the country.  Kim Ford, senior vice...

READ MORE >
Nearly Half of FIs Tap Deep Learning Systems to Fight Fraud
Nearly Half of FIs Tap Deep Learning Systems to Fight Fraud
October 31, 2023  |  Fraud Prevention

Artificial intelligence (AI) has become increasingly prevalent across various industries, offering a wide range of capabilities. In the payments industry, AI has proven to be...

READ MORE >
Speed and Better Branding Needed to Boost Pay-by-Bank Adoption
Speed and Better Branding Needed to Boost Pay-by-Bank Adoption
October 27, 2023  |  Payment Methods

The popularity of account-to-account (A2A) transfers, which involve direct electronic fund transfers between two bank accounts, has surged over the past decade, largely driven by...

READ MORE >