Fintech companies are luring new customers by offering alternatives to conventional financial solutions with cryptocurrencies, online loans, and robo-advisors. Unfortunately these new opportunities are more susceptible to fraud and security…
Category: Industry
AI and Compliance: Can Technology Tackle the Challenge?
In this era of digital transformation, consumers expect more options, greater flexibility, and faster service. The onus is on banks and financial institutions to keep pace with consumer demands and…
Philly Forces Stores To Accept Cash
The press is filled with stories about the digital payment landscape and declarations that cash will soon be a relic of the past. In March of this year, the city…
Tech Giants Set Their Sights on Digital Payments Space
As the growth and usage of smartphones continue, more and more people are using their devices to make purchases and do their banking. According to Javelin Strategy & Research, 58%…
Traditional Banking: Facing-Off with Fintech
Sparked by the 2008 global financial crisis, the emergence of fintech technology is beginning to be felt by traditional banks. According to a study by the consulting firm Accenture, a…
What do CFPB’s Changes to Payday Lending Mean for Digital Payments?
Payday loans offer borrowers short-term money at a high annual interest rate. In 2017, the Consumer Financial Protection Bureau (CFPB) under the Obama administration enacted the Payday Lending Rule. The…