Outdated systems contribute to rising fraud threats Clients of banks and payment systems are increasingly becoming victims of fraud. In 2023, nearly 36% of all U.S. banking customers experienced some form of fraud, losing more than $10 billion, three times more than in 2020. Fraudsters exploit vulnerabilities in legacy systems using phishing, account takeover, and … Read more
Home Banking Innovation With Purpose: Q&A With TD Bank Group’s Montresa McMillan Montresa McMillan, senior vice president of Enterprise Digital Strategy, Innovation & Payments and Strategy, and Change & Operational Excellence at TD Bank Group, explains why customers, colleagues and communities are at the heart of innovation. Global Finance: How does TD approach innovation and … Read more
Global Finance’s sixth annual list of the world’s best innovation labs highlights the power of collaboration. In Brazil, the Pix payment system lets people, corporations, and governments transfer and accept funds instantly, 24 hours a day—even when banks are closed. Released in late 2020 by the Banco Central Do Brasil, Pix has been lauded for … Read more