Mary Wisniewski’s Post

This is a great concept. As probably the majority of social engineering techniques prey on people's emotions and vulnerabilities, this is a great example of how not only to save people's money but also educate people, so they can help their friends. "But beyond texting the customer, emailing them and notifying via the app, we provide education. So in this scenario, there’ll be a text saying if you’re sending something to someone new; make sure that you confirm who they are using a channel that the recipient didn’t contact you from to confirm. In this scenario, our customer emails her granddaughter Jane, and says: “Is this you?” And of course, Jane says: “No, I haven’t lost my phone. It’s not me. It’s a scam.” And our customers able to cancel that transaction within that six-hour window."

"Digital innovation across our financial industry is evolving at the pace of Moore’s law on steroids — reshaping the structure of our markets, transitioning buying power to the consumer, and dislocating segments of the customer value chain once dominated by traditional banks." Click on TechCrunch to read Fenergo's Chief Revenue Officer, Chris Zingo's piece about how FedNow will expose fintech’s gaps - and how to close them. #compliance #regtech #fintech #financialservices #financialinstitutions  #payments #bankingnews

F|T: The FinTech Times – Minerva chases anti-money laundering big leagues | BetaKit: Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read F|T before anyone ...

Thoughts on the Fintech Meetup panel on How fintech is transforming #AML and #KYC Riddle me this - why is it that when #banks and other #financialservices organizations give a customer's money to a #fraudster, it's the customer's problem? It's the #financial organization that has been fooled and defrauded by a false #identity. They were duped and are a victim of #identitytheft not the individual or business. When we hold the financial institutions fully accountable for enabling #identityfraud and covering the losses, a whole range of #digitalidentity and #riskassessment platforms and tools - including #biometrics will be rapidly adopted. David Birch Sanjib Kalita Anil Aggarwal

Attended #BostonFintechweek with some great sessions. During the Future of Open Banking in Fintech, speaker made an interesting comment that "faster payments leads to faster fraud". Not surprising, speakers mentioned important concerns being #dataprotection #Fraud and #regulatorycompliance. #BaaS and #SaaS create partnerships between traditional financial institutions and fintech to provide "the trust and reliability of a Bank" and the "speed and innovation of a neobank/fintech". How you structure your processes and controls on both sides of this relationship impacts your #success.

🚀 Meet Yapily at MoneyLIVE: Uniting Leaders and Innovators! MoneyLIVE Payments Europe in Amsterdam is the place to be this November 21-22. Be sure to meet with Yapily's own Ioana Jecan and Mandjou Ndiaye who will be there, engaging with other top leaders and decision-makers. We're looking forward to discussing key themes like the cardless revolution, the future of fraud and AML detection, and the potential of super apps in Europe. Connect with us to discuss how open banking is driving these changes and what it means for your business. Let’s make the most of this gathering to shape the future of payments! #Payments #Yapily #Fintech #MoneyLive #MLPAYMENTS23

Happy Thanksgiving! As #FinancialCrime soars, let us be thankful that #EmergingTechnologies are gaining ground, and the #fintech sector continues to rapidly expand. This Datos Insights Risk Insights & Advisory Fintech Spotlight looks at five fintech #vendors active across a range of product categories and services catering to #banks, all intended to serve as partners, not direct competitors, in the banking space. The vendors profiled include GeoComply, ThreatMark, Quantifind, Quavo Fraud & Disputes, and Zerify. https://buff.ly/3ulbPbO

Fintech founders & investors — this is a must watch: Charles Birnbaum and Eric Kaplan share the state of fintech fraud. As the pace of money movement accelerates, we expect to see more payment-first business models, a new wave of fraud, and infrastructure to facilitate the patchwork of faster payments in the U.S. 🎥 Watch, read, learn ⤵️ https://lnkd.in/g42eC5U3

🎙️ LET'S TALK - current state of banking fintech/BaaS relationships! 📱 I've been putting this video off for several weeks to see if the news cycle would calm down, but that doesn't seem to be the case. Interesting developments coming out every day! I hope you enjoy my raw, unedited, hot takes on where I think the space is today and where I think it is going. #LetsTalkwithZane #communitybanking #FinTech

In today's rapidly evolving financial landscape, users looking to switch from traditional banks to neobanks are seeking a banking experience that's nothing short of seamless. The transition should be swift, and the first impression matters greatly. How can neobanks achieve this? P.S. This is my first carousel post, and I'm thrilled to share it with you 😊 #Neobanks #FinTech #BankingAlternative #OnboardingExperience #FinancialServices #DigitalBanking #BankingSimplicity #NeobankJourney