European authorities are taking steps to crack down on illicit activities happening throughout financial institutions. Earlier this week, Dutch authorities fined ING Group 775 million euros which equate to about…
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Cyberattacks targeted at financial institutions and big businesses have reached record numbers. Cyber attackers, both financially and politically motivated, are setting their sights on sectors that reap the most reward…
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What do cattle in Wyoming, house hunting in Illinois, and taking a trip to the Department of Motor Vehicles (DMV) have in common? You may be surprised to hear that…
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“Alexa, play relaxing music.” “Alexa, where is the nearest Chinese food?” “Alexa, play Netflix.” Over 47 million U.S. adults now own virtual assistant speakers like Alexa, Siri, and Google that…
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Collecting and analyzing data on customers is no easy task. Traditional data collection methods can take up to 8 months due to manual coding used to collect, push, and interpret…
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Consumers are in a messaging frenzy. Over 2 billion messages are exchanged monthly over Facebook messenger. By 2019, it’s estimated that over 3.6 billion people will engage in the use…
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Communication is changing. Customers no longer walk to their corner bank or call their long-time teller for information on their account, they go online. From banking apps to artificial intelligence,…
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From 1920’s mobsters to cryptocurrency hacking, financial crimes have been prevalent throughout the decades. Today, financial institutions have technology that helps combat these crimes and ensure compliance. A recent study…
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Digital banking is no longer seen as cutting-edge technology but as an expected service. Many banks have adopted digital technology and continue to improve their services with chatbots, AI, and…
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Globally, it’s estimated that $1 to $2 trillion annually are due to money laundering, which equates to between 2 and 5 percent of the worldwide GDP. In the 2015 National…