Tag: banking
Customer Engagement Banking & the ROI of Digital Account Opening
The concept of customer engagement banking is not entirely new. In fact, noted author and speaker Geoffrey Moore is known for saying that this “decade will be about systems of engagement.” It’s the “systems” portion...
3 Keys to Winning with Digital Banking Technology
In today’s digitally competitive financial industry, staying on top of emerging digital banking technology trends is a necessity for banks looking to win and retain business customers. The good news is that although many small...
Three Ways Banks Can Reduce Payment Fraud
According to the Association of Financial Professionals, 78% of organizations experienced attempted or actual payments fraud in 2017. These breaches put banks at increased risk as fraudulent transactions are processed through their payment systems. It’s...
API Standardization vs. Flexibility with B2B Payments: NACHA and Bottomline Technologies Sound Off
APIs are not new, but the rapid growth of technology in B2B payments has encouraged banks to embrace them as a means of connecting more seamlessly and effectively with technology and customers. In a fintech...
Opinion: House Anti-Money Laundering Bill Reform Threatened as Beneficial Ownership Registry Creation Tabled
The world of anti-money laundering beneficial ownership regulations has seen its ups and downs as of late. As of May 11 when the Financial Crime Enforcement Center (FinCEN) issued its “Customer Due Diligence Requirements for...
Becoming a Strategic Partner for Business Customers: a 4-Minute Guide for Banks
While it’s often overlooked, managing payments is a strategically important function for business. To be successful, organizations need to make sure that they’re effectively managing their payments to capture all available revenue sources, maximize working...
Identify & Eliminate Fraud Collusion, Part 5
So at this point you’ve done all the dirty work necessary to (mostly) lock down your network. You’re monitoring activity in real time, taking the context of behaviors into consideration, and you’re looking at the...
Managing Multiple Payment Schemes With Cloud Technology
Living in a digital world where technology and connectivity have become integral to every aspect of our personal and business lives, the ability to keep pace and adapt can be a real challenge. There has...
Choosing the Right Anti-Money Laundering Provider: Getting the Answers You Need to Make a Smart Choice
A lot of change is affecting the banking industry, which is always followed by new and tougher regulations, often related to anti-money laundering. In January alone a regulation was discussed by the Senate regarding a...
Effectively Bridging Legacy Technology in a Digital World: A Guide for Financial Institutions
The recent Banking Barometer, conducted by the Swiss Bankers Association (SBA),suggests that banks in Switzerland are facing major challenges: rising regulatory costs, negative interest rates, shrinking margins, increasing customer demands and last but not least, digitalisation....