Advance to Technology Driven Community Banking

2019 ICBA Capital Summit – the finest platform for community bankers is going to take place at the Grand Hyatt Washington Hotel from April 28 to May 1, 2019. The Capital Summit for Independent Community Bankers of America (ICBA) is the place to be, if regulatory and tax relief, mortgage reform, and agricultural lending are at the forefront of your mind or you look forward meeting with the lawmakers or Farm Credit System lenders. It will present you the right podium for updates on FinTech innovations, as ICBA will also host a FinTech panel to discuss the latest in community bank innovation.

The ICBA Capital Summit is an ideal forum for influencing the change in the community bank space. This is your chance to make a difference for your business, for your customers and for your community.

Banks Serving Their Community

Community banks are established to furnish the primary requirements of the small businessmen and the people of the local community. Community bank’s primary mission is to serve the banking needs of its surrounding area. For more than 125 years, this continues to be the same and acting as a driving force behind the community bank today. Community banks run with the primary objective to maintain a major share of the local banking market.

Global Fraud Challenges Faced By Banks

Businesses globally are hard hit by steadily escalating cross-channel fraud. Cards, Same Day ACH, Checks, and online payment channels all are becoming vulnerable to fraud attack. Financial institutions (FIs) of all assets sizes are facing the same challenge to keep the constant fraud threats at bay. Worldwide card fraud in 2018 was $28.8 Billion and is predicted to touch $42.3 Billion by 2026. The prediction signals towards a major speed breaker for the banks. Identity theft is fueling Card-Not-Present fraud as cyber criminals are using AI (Bot) to gather legitimate credentials. The average cost of data breaches globally hit $3.86 Million in 2018. Additionally, check fraud losses are estimated to exceed $18 Billion each year.

Carving Competitive Advantage for Community Banks

Your bank needs to leverage technology and Artificial Intelligence (AI) to achieve ambitious growth and surpass the competition. It is getting more important than ever as 82% of US commercial banks plan to increase financial technology investment over the next 3 years. To help banks deal with the sharpening fraud threats QPS offers FRED®, a comprehensive fraud prevention platform to address fraud threats faced by community banks, ensuring higher customer engagement and profitability.

FRED embraces innovative architecture and smarter controls that will help you take accurate decisions. QPS with its extensive experience of working with community banks across all asset sizes provides a competitive edge to banks to match the benefits and services provided by larger banks.

With round-the-clock protection and innovative fraud detection approach, QPS has saved more than $12 Million in 2018 for credit unions only.

QPS Making Community Banks Secure

Diverse payment platforms have propelled the demand for innovative and result-driven fraud prevention services. QPS with its financial crime analytics and futuristic fraud prevention solutions help FIs, credit unions and community banks to deal with the predominant fraud threats pertaining to credit & debit cards, checks, online transactions, ACH, Same Day ACH and other payment channels.

QPS offers 24*7*365 days comprehensive fraud detection & prevention solutions integrated with Fin-Tech to provide end to end cross-channel fraud prevention and 100 % anomaly detection. QPS’ globally acclaimed anti-fraud solution empower FIs to operate efficiently and control fraud costs, helping them serve their customers, increasing their revenue and enrich the customer experience.

Give the Best to Your Community

If you are heading to ICBA Capital Summit then this is right time to know more about QPS fraud prevention approach and FRED, a new age fraud prevention platform. Team QPS will be glad to meet you during the summit and share more insights on how QPS will help your bank enhance ROI and embrace cybersecurity in 2019.

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