2 September 2016

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Banking, Partner

For US banks, the question of modernization is no longer when, but how

  • 90% of North American banks consider technology to be the biggest trend impacting their industry.
  • But modernization is easier said than done. Payments is a good place for banks to start.
Nelly Rezny, Temenos | November 30, 2023
Payments

How Government-to-Person payments can address the 5.9 million big unbanked problem in America

  • As of 2021, around 6 million Americans were unbanked and this problem disproportionately affects Black and Hispanic households, of which 10% have no checking or savings account.
  • Government-to-Person (G2P) payments may be a way to bring unbanked communities into the fold in a way that counters lack of trust and incentivizes participation.
Rabab Ahsan | November 30, 2023
Podcasts

The state of bill pay with Solutions by Text’s Nick Babinsky

  • Consumers struggle with one-time payments, frequently forgetting to pay their bills on time.
  • Banks, billers, and payers can find success when simple texts are used as reminders and onboarding to payment flows.
Zachary Miller | November 29, 2023
Keeping the bad guys out, Partner

Why ‘know your business’ is critical for FIs everywhere — and how banks, fintechs, and marketplaces can benefit from emerging solutions

  • Bad actors are continuing to improve their technology and tactics to commit financial fraud.
  • FIs can use Know Your Business (KYB) compliance as a competitive advantage if they're willing to invest in business verification data.
Enigma | November 29, 2023
Banking, Keeping the bad guys out

Banks having to monitor Politically Exposed Persons is the thirteenth Herculean labor

  • An integral part of a bank's KYC and AML work is focused on ensuring that Politically Exposed Persons (PEPs) cannot abuse the bank’s services for their own gain. Things slip through, though.
  • But oversight overeagerness on the part of FIs can create issues for those associated to PEPs as well as prevent the FI from focusing on genuine detection.
Rabab Ahsan | November 28, 2023
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