17 Australian banks launched a new digital platform called the Fraud Reporting Exchange (FRX) that enables near real-time prevention tactics, which are particularly helpful for authorized push payment (APP) fraud, where victims get swindled into willingly sending money to bad actors under false pretenses. It’s mateship in action: A group of banks including HSBC, ING, […]
Tag: Collaboration
The who’s who of the banking world has teamed up to build a fintech that replaces the syndicated loan market’s spreadsheets, fax machines, and phone calls with a real-time and transparent new digital service. A handful of top banks are ready to say goodbye to the inefficient and fragmented process of syndicated loan dealmaking, where […]
Working with fintechs can help financial institutions quickly launch innovative features and delight customers. While there’s no magic formula to crafting successful relationships, we’ve put together a playbook to help you build better partnerships. Big FinServs need to get better at partnering with startups. Upwards of 75% of banking leaders say they feel “pressured” to […]
Collaboration is key to a safer financial system for all: Through data pooling and anonymous benchmarking, banks can better manage their operational risk and controls. Big banks are embracing a platform that promotes industry-wide standards for operational risk management. JPMorgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group all just contributed to a $24 million […]