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Korean banks let consumers make ATM cash withdrawals and deposits with their smartphones using QR codes

NFCW

SCAN: Availability is being expanded from NFC on Android phones to QR Codes on all smartphones Consumers in Korea can now make cash withdrawals and deposits at ATMs by scanning a QR code with their Apple or Android smartphone rather than needing to use a physical bank card.

ATM 95
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The Role Of ATMs In Bank Omnichannel Strategy

PYMNTS

Since smartphones haven’t learned how to print paper money, people still must turn to ATMs for that. In fact, the number of ATMs in the U.S. Providing customers with an ATM experience that is both useful and simple is anything but simple on the bank’s end. The ATM Opportunity. The ATM Challenge.

ATM 50
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Study Shows Alarming Rise in Smartphone Identity Theft Among UK Consumers

The Fintech Times

Its research reveals that 78 per cent use their smartphones for mobile banking, 85 per cent for accessing email, 71 per cent for managing social media and 51 per cent. One in four individuals have experienced digital wallet theft and one in five face unauthorised access to personal bank accounts via mobile apps.

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How Up Is Tapping Cloud Solutions For Flexible, Technology Oriented Banking

PYMNTS

Placing one’s core banking infrastructure on the cloud can keep customers’ details secure as well as help banks communicate clearly with users if data breaches or other service disruptions occur.

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Russia Joins The Faster Payments Revolution

PYMNTS

FPS was developed and piloted with the collaboration of a dozen Russian banks and payment service providers, including Alfa Bank, Gazprombank, Raiffeisenbank and TB, all of which belonged to the Fintech Association founded by the Central Bank of Russia.

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The Best Banks in Asia 2024, Ranked by Forbes

Fintech News

Corporate Banking provides corporate loans, trade financing, deposit services, agency services, wealth management, consulting, remittance, custody, and guarantee services. Retail Banking serves individual customers with personal loans, deposits, bank cards, wealth management, remittance, and securities agency services.

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Deep Dive: Preventing Fraudsters From Exploiting FIs? Omnichannel Blind Spots

PYMNTS

Such tools could involve using machine learning (ML)-based solutions that monitor customers’ activities across devices and with ATMs to create comprehensive pictures of their normal behaviors. This type of fraud is particularly dangerous because it can easily go undetected.