PYMNTS

MAY 21, 2020

FIs are working on a number of technologies to fight these financial crime attempts, however. This fraud could account for up to $20 billion of the $660 billion program, although the Small Business Administration (SBA) said that it would not hold banks responsible for issuing fraudulent loans and would instead prosecute fraudsters itself.

Fraud 131

Fraud Tools Training Taxes 131

Independent Banker

OCTOBER 1, 2022

Financial fraud and cyber attacks aren’t a one-age-fits-all scenario. Community banks can find ways to mitigate age-related fraud through technology, as well as by educating their customers of their particular risks. Reports about fraud losses: Millennials vs. people 40+. Source: Federal Trade Commission, 2019.

Fraud 133

Fraud social media Millennials Examples 133

FICO

MARCH 6, 2020

In September 2019, Fico and Visma announced their partnership to Offer SaaS Anti Financial Crime Solutions in Western Europe. FICO brings AI and advanced analytics to risk management, fraud detection, collections and much more. FICO brings AI and advanced analytics to risk management, fraud detection, collections and much more.

Compliance 81

Compliance Technology Fraud Analytics 81

FICO

JANUARY 19, 2022

From TBML to BNPL to NFTs, 2021 found fraud and financial crime professionals dealing with a plethora of new challenges and criminal schemes. Our five most popular posts of the year dealt with trade-based money laundering, non-fungible tokens, buy now pay later scams, courier scams and good old credit card fraud. Here are excerpts.

Fraud 52

Fraud Cards Report Analytics 52

PYMNTS

FEBRUARY 3, 2020

For at least the last five years — futurists and smart technology boosters have been touting the inevitable rise of the smart city. The city of tomorrow ought to be a community that will never be completed, but will always be introducing and testing and demonstrating new materials and systems,” Page noted at an industry event in 2019. “A

Security 237

Security Baltimore Atlanta Portland 237

PYMNTS

NOVEMBER 4, 2019

This week, three new cases of accused internal fraud emerged, showcasing the variety of ways employees can steal company cash. The ETA warns that cyber fraud threats are hampering small businesses’ growth opportunities. 41,000: the average payout of a ransomware attack , new data from Coverware revealed.

Fraud 101

Fraud Pennsylvania Data Cards 101

PYMNTS

DECEMBER 28, 2018

It was also a busy year for banking technology provider Avoka, which announced it reached an agreement to be acquired by Temenos only weeks ago. Avoka CMO Don Bergal told PYMNTS what global markets can expect in 2019 in terms of bank KYC happenings. ” Banks’ 2019 KYC Challenges. See what Bergal had to say below.

Compliance 186

Compliance Regulation blockchain Taxes 186

PYMNTS

JANUARY 27, 2020

Legacy technology issues abound these days, but for sheer scale (and a good giggle) always look to the government. Technology saved taxpayers big money there. But as the report details, state and local governments have a growing awareness and understanding of disbursements technology that offers speed and accuracy.

Payments 130

Payments Illinois Texas Tennessee 130

PYMNTS

JANUARY 24, 2020

Government disbursements can range from child support payments and annual tax returns to pension and retirement fund payouts. The IRS has accepted digitally filed tax documents and issued digital refunds for years, and it received approximately 29 million electronic returns via direct deposit between February 2018 and February 2019.

Payments 130

Payments US Fraud Innovation 130

PYMNTS

SEPTEMBER 12, 2019

The latest AMC/KYC Tracker examines current efforts to stop money laundering, fight fraud and improve customer identity authentication in the financial services space. Cloud-based KYC activities were among the new technologies most used by U.S. Smaller companies were less likely to report investing in and using AML technologies.

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

PYMNTS

FEBRUARY 21, 2019

The task traditionally involves the official IRS mileage reimbursement rate (which, for 2019, stands at $0.58 For that, thank digital and mobile technologies, and the ability to analyze data in such a way as to find those seemingly small, but meaningful differences in the cost of driving throughout various locations.

Taxes 128

Taxes San Francisco New York City Case Study 128

PYMNTS

AUGUST 6, 2019

With government agencies working to combat tax evasion and fraud, eInvoice mandates mean a reduced risk of invoice fraud and greater visibility into trade and transactions. on the benefits of an eInvoicing mandate, noting that it would address the nation’s current tax challenges. However, further reforms are needed.

Regional 108

Regional Taxes System Guidelines 108

PYMNTS

JUNE 29, 2020

The report said firms such as Pockit, the London-based financial technology company that offers an alternative to traditional banks, and U Account, the Sheffield, England digital bank, a subsidiary of subprime lender Morses Club PLC that provides finance to poorer clients, are among those hardest hit. authorities.

Taxes 223

Taxes Report Financial Technology Digital Banking 223

PYMNTS

JANUARY 30, 2020

An employee’s accidental use of her corporate card to pay for groceries isn’t a crime, but it does fall under the heading of “ friendly fraud ,” which creates friction for the accounting department. PYMNTS research found that 42 percent of B2B payments were made via paper check in 2019, for example. Tax Time, and Time as a Commodity.

Management 130

Management Las Vegas Cards Taxes 130

PYMNTS

JANUARY 24, 2020

Amazon is making new moves in payments, 2019 holiday sales trends are helping to set the table for 2020, a virus is infecting the world of commerce and stationery sales might find signs of new life in this digital world. There were also New York Post reports that the technology might make an appearance at Whole Food checkouts this year.

Payments 150

Payments New York Mobile United States 150

CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. Some companies just push their luck a little too far.

Fraud 78

Fraud Las Vegas Company Video 78

PYMNTS

OCTOBER 18, 2019

dollar-backed digital currencies for the payment of government taxes, fees and services. Technology is the future. If you look at five of the six largest companies in the world today, they are technology companies,” said Premier David Burt. “We In other news, Bermuda will now accept one-to-one U.S.

blockchain 101

blockchain Samsung Bitcoin Innovation 101

FICO

NOVEMBER 15, 2022

FICO is transitioning its Siron ® compliance business to IMTF, a Swiss global leader in regulatory technology, and a partner in the Siron business for more than 20 years. Tue, 07/02/2019 - 02:45. FICO Admin. by TJ Horan. expand_less Back To Top. Tue, 11/15/2022 - 11:25. Read the news announcement. TJ Horan. TJ holds a B.S.

South Carolina 52

South Carolina Compliance Analytics Software 52

PYMNTS

MARCH 5, 2019

In the February 2019 Payments and The Platform Economy Playbook , a collaboration between PYMNTS and YapStone, the sharing economy was in focus. Expectations can differ from region to region regarding timing of payments, taxes, currencies, regulatory differences – and we look at all of those variables.”.

Regional 148

Regional Mobile Security Fraud 148

PYMNTS

JANUARY 1, 2021

This tracker brought NCR Corporation together with Avidia Bank and was notable for the stat that showed that one-third of bank customers said they would visit physical branches more often if they could compete with the ease of mobile banking, and banks are deploying or workshopping a number of technologies to make this convenience a reality.

Trends 259

Trends Video Retail Payments 259

PYMNTS

JANUARY 10, 2019

Some might think of eCommerce as a global force, where technology underpins transactions done 24/7, and where even the smallest businesses can see significant top-line gains as they tap new markets. One is account takeover — well-documented in this space — and the second type is merchant fraud.

United States 158

United States Regulation Compliance Strategy 158

Abrigo

DECEMBER 20, 2021

Millions of dollars in suspicious activity were not reported to FinCEN in a timely or accurate manner, including those connected to tax evasion, illegal gambling, money laundering, and other financial crimes. . Inadequate staffing: The lack of technological and human resources will result in deficiencies in an AML program.

Resources 195

Resources Texas Analysis System 195

PYMNTS

AUGUST 5, 2019

Consumers worldwide appear increasingly receptive to subscription offerings, with a recent survey of those in 12 countries finding the share of adult respondents who have subscription services rose from 53 percent in 2014 to 71 percent in 2019. Other cases have seen banks explore distributed ledger technology to handle that messaging.

Payments 115

Payments Compliance Operations System 115

CB Insights

FEBRUARY 13, 2020

In an interview at CB Insights’ 2019 Future of Fintech conference, CFO and CPO William Gaybrick indicated that businesses are more constrained by developer resources than by capital. In August 2019, the company closed out its Series F funding round from Sequoia, Andreessen Horowitz, and General Catalyst at a $35B valuation.

Online 98

Online Company Retail Payments 98

FICO

FEBRUARY 27, 2019

Asia’s reputation for financial probity may take a long time to recover fully and it seems that our region’s bankers agree that we are just at the start of a compliance technology and process overhaul that may take many years to complete,” said Dan McConaghy, president of FICO in Asia Pacific. How APC Will Fight Financial Crime in Panama.

Compliance 45

Compliance Regional Survey Analytics 45

PYMNTS

JANUARY 31, 2020

The price of bitcoin may be less than half of what it was at its peak, and the enthusiasm for trading in it may have fallen off over the last year, but there is one group for whom bitcoin will always be the last word in payments technology. That doesn’t mean, she noted, that cryptocurrency or blockchain technology is dead or has no future.

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Bitcoin Payments Los Angeles blockchain 100

CB Insights

OCTOBER 26, 2020

Even so, September 2020 was one of the strongest months for IPOs since Uber went public in May 2019. At the same time, financial upstarts have built technologies that could eventually cut into the relationship-driven work that investment banks are used to doing. Investment banking revenues hit a 13-year-low in 2019.

Management 78

Management Capital Company Marketing 78

Vitalik Buterin

NOVEMBER 22, 2019

At the end, I’ll include my new picks for hard problems of 2019. These are probably the most important technologies: Random sampling , allowing a small randomly selected committee to statistically stand in for the full validator set: [link]. Other synthetic token projects, such as UMA , are rapidly gaining steam as well.

cryptocurrency 143

cryptocurrency blockchain System Maine 143

CB Insights

SEPTEMBER 10, 2019

The generation’s disenchantment with traditional banking institutions is driven by a number of frustrations, including difficulty resolving problems (55%), standing in long lines (37%), and technology failure (33%). It had over 2M users as of July 2019. Dave’s ambitions extend beyond helping its 3.5M

Millennials 77

Millennials Mobile Lending Cards 77

CB Insights

JUNE 6, 2019

Accusations of fraud and mismanagement, and criticisms of the government’s decision to invest in Solyndra, were rampant in the days following news of Solyndra’s impending bankruptcy proceedings — but the core mistake here involved ignorance of a key aspect of Solyndra’s business. No AdMob, no product.

Apple 78

Apple Branding Google Company 78