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. These typically reference the largest of the local delivery companies or even the central mailing services within the attack region. Here are excerpts. TBML: What Is Trade-Based Money Laundering?

Fraud 52

Fraud Cards Report Analytics 52

Abrigo

MARCH 3, 2021

In February, FinCEN released an advisory, Financial Crimes Targeting COVID-19 Economic Impact Payments ( FIN-2021-A002 ), alerting financial institutions to the potential for fraud, ransomware attacks, or similar types of criminal activity related to COVID-19 stimulus relief related to the Economic Impact Payments (EIPs). Reporting EIP fraud.

Fraud 195

Fraud Payments ATM Trends 195

BankUnderground

APRIL 6, 2022

Noting many challenges to GSC resilience, Seric et al (2021) examine how firms involved in GSCs can help mitigate the effects of supply disruptions. Even though the pandemic waxed and waned regionally it has been global in nature. The years 2020 and 2021 were bursting with exogeneity. What should be done about this?

Policies 96

Policies National Analysis System 96

Independent Banker

MARCH 31, 2022

It’s imperative for industry leaders to understand the extent to which the pandemic reset employee expectations,” Samsung declared in a 2021 finance and banking report. Malzahn recalls that years ago, as a private banker, she would visit customers’ homes to deliver cash or demonstrate how they could pay their bills online.

Missouri 142

Missouri Community Bank Community Management 142

South State Correspondent

MAY 31, 2023

At around $75 per year for unique visitors, it’s multiple times more expensive to service customers compared to other alternatives such as online, mobile, or phone. What used to take $160 million in deposits to break even back in early 2021 now takes closer to $40 million.

Data 195

Data Branch Strategies Strategy Mobile 195

FICO

DECEMBER 14, 2020

As noted in my 2021 debt collection predictions , and in previous posts, what we are experiencing is nothing less than a debt tsunami. When we look forward to March 2021 we are likely to be impacted by the aggregate of: Seasonal post-December peak – high credit utilisation, worry later about how it will get paid.

Guidelines 52

Guidelines Payments Data Examples 52

FICO

JULY 6, 2020

Whilst that peak did not appear — due to the combination of protected incomes, use of saving and a reduced spend on travel, luxury and social related discretionary expenses — financial vulnerability will become widespread in all markets as a consequence of inflation, increased tax and interest rates and skyrocketing energy costs.

Analytics 52

Analytics Strategy Data Management 52

CB Insights

MAY 10, 2018

When BeverageCo sought to take advantage of digital, they had many isolated initiatives (such as online advertising and a corporate Facebook page) underway, but lacked traction in any of them. Integrity Research estimates annual expert network spending will pass $1B before 2021. By 2017, that number was $800M and rising.

Strategy 78

Strategy Management Analytics Tools 78

CB Insights

OCTOBER 26, 2020

Dream Exchange, which describes itself as the first minority-owned exchange in the world, intends to launch in 2021 and aims to create a more inclusive trading environment for smaller companies and empower minority communities. Miami International Holdings launched its own exchange, Miax Pearl Exchange, in February. INITIAL COIN OFFERINGS.

Management 78

Management Capital Company Marketing 78