The payments security landscape has seen tremendous change in recent years. And an increase in consumers’ online consumption—coupled with an unnerving uptick in payment fraud—has caused financial institutions to embrace the evolution of payment security.
81 percent of consumers use digital channels to engage with their bank. That statistic is telling for financial institutions of any size and highlights the importance of maintaining a digital banking strategy. But what specific digital solutions and services will reap the greatest rewards for your institution?
Online board portals have the ability to stretch beyond the boardroom to benefit your company’s entire staff, and put powerful technology at your fingertips.
A new regulation has surfaced that will directly affect banks providing RDC (remote deposit capture) and mRDC (mobile remote deposit capture) as a service to their customers. And with a due date of July 1, 2018, adherence to this new regulation is coming up fast.
On May 11, financial institutions will be required to perform enhanced due diligence on new accounts for legal entity customers and to demonstrate an understanding of the nature and purpose of their customer relationships as a fifth pillar of their anti-money laundering (AML) programs.