Thursday, April 3, 2025

Consumers and Small Businesses Still Grapple with Persistent Check Fraud

2024-04-09 14:00:00  |  banking consumers small business 

... rd, CEO of Abrigo, emphasizes the necessity for banks and credit unions to employ advanced, AI-powered technologies to combat this growing issue effectively. Abrigo's Fraud Detection platform aims to address this need by providing innovative solutions for fraud detection and prevention. Emerging Challenges and Solutions The survey also highlights an increased targeting of the U.S. Mail and postal service carriers for check fraud, a trend that surged since the COVID-19 pandemic. Despite this, 35% of respondents were unaware of mail theft as a method for check fraud, and 47% admitted to using ...

Credit Union Loan Account Balances Rising

2023-06-01 11:00:00  |  credit unions lending 

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Emerging Trends In Banking And Finance

2021-10-14 12:00:00  |  banking demographics 

... rtant customer group for most banks and credit unions over the next decade, as nearly $70 trillion in wealth transfers to them from their parents. But, as our research shows, what worked for mom and dad will not be enough to win and keep this younger demographic as a customer," said Jake Tyler, CEO at Finn AI. "Traditional FIs need to bring the trust and personal touch they delivered in branch and phone to boomers into their mobile experience, which is where most younger consumers bank. Tools like live-chat combined with virtual assistants and automated chat can help them deliver this and comp...