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Tag: Financial transactions


Capital and Risk, Operational

CFPB publishes new report highlighting risks related to financial transactions in video games

April 8, 2024

Via: FinTech Futures

Titled Banking in Video Games and Virtual Worlds, the new study reveals that gaming consumers in America spent nearly $57 billion on hardware, software, and in-game transactions in 2023. Gamers are often exchanging real dollars for virtual currencies or other […]


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Risk Mitigation in Corporate Remittance: Strategies for Ensuring Financial Security

September 12, 2023

Via: TechBullion

Today, companies from different countries need to send money to each other. This helps them trade and do business smoothly across the world. It’s an essential way to keep financial transactions running smoothly between countries.When companies do business with other […]


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How to Move Older Customers to Digital Banking Channels

October 28, 2022

Via: Bank Director

The Covid-19 pandemic altered how Americans conduct financial transactions, with many making a permanent shift to digital channels. However, one age group still is a holdout. Baby boomers, ages 58 to 76, didn’t flock to digital channels, especially mobile banking, […]


Capital and Risk, Operational

Finding illicit financial transactions by ignoring them

February 9, 2022

Via: FinTech Futures

While analysing past behaviour might be successful in catching certain serial offenders, criminals that want to launder money anticipate this way of working and typically will not stick to a pattern. Still, anti-money laundering (AML) and fraud systems are designed […]


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Open banking – a new stage in financial inclusion

January 19, 2022

Via: FinTech Futures

While in some parts of the world banks and clients form long-term relationships which persist even over generations, there are still a lot of people out there fitting under the qualificatives of “unbanked”, “underbanked”, and “underserved”. Financial exclusion doesn’t affect […]


Capital and Risk, Operational

Volkswagen Bank choose OneSpan for cybersecurity

September 3, 2019

Via: Banking Technology

The partnership will see Volkswagen use OneSpan’s mobile application security to protect its financial transactions and secure compliance with the Second Payments Services Directive (PSD2). OneSpan, which works with half of the top 100 global banks, has created a bespoke […]


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Blockchain and disruption in the financial world: Will banks survive?

February 12, 2019

Via: Finextra

The world of banking as we know for many years is in a fundamental transformation process, triggered by new technologies. The most important is blockchain that is said to fundamentally change the way financial transactions are handled today. It is […]


Capital and Risk, Operational

Cyber challenge can be met, says Swift

September 27, 2016

Via: Banking Technology

Swift has committed to help its members combat the cyber threat “in challenging times”, delegates heard during yesterday’s opening plenary session. Security will be a feature every day of the conference because “the cyber threat is here to stay”, said […]