| CO-OP On The Fraud-Fighting Balancing Act For credit unions, hitting the right balance between good customer experience and robust fraud-fighting procedures is tough work thatâs only getting tougher, according to CO-OP Financial Servicesâ SVP Fraud Products, Fotis Konstantinidis. As machine learning and AI are coming of age (technologically speaking), theyâre also coming to the rescue when it comes to that balancing act. Fighting off fraudsters, he noted, is only the start of what AI can offer credit unions. |
| Why Gig Workers Need Their Own Bank Freelancing isnât all about being footloose and fancy-free. Navigating paperwork, banking and invoices has its challenges, after all â especially in France, where administrative tasks can be particularly onerous. Fresh off a funding round, French startup Shine wants to be the freelancer's co-pilot, CEO Nicolas Reboud tells PYMNTS. |
| IdentityMind On The Need For FinTech Compliance Marketplaces KYC could stand for "Know Your Culpability." IdentityMind has its sights set on bringing a "one-stop shop" for compliance efforts to firms across a number of verticals â even in the nebulous evolving world of the ICO. FinTech firms step gingerly amid a changing regulatory landscape, says CTO Jose Caldera, but the firm's webstore might bring KYC to mean "Know Youâre Covered." |
| | Faster Payments Tracker™ | | TRENDING: Challenger Bank Finds Instant Rewards In Faster Payments For FIs, offering faster payments can be a game changer. However, enabling them isnât always simple â FIs must choose whether to build a direct, expensive, labor-intensive connection to faster payment schemes or partner with, and become reliant on, a connected FI to gain access. In the latest Faster Payments Tracker, PYMNTS speaks with Starling Bank on why direct connection is a must for challenger banks. Independence from legacy banks and new partnerships with major financial innovators are just some of the rewards. |
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