PYMNTS

JUNE 13, 2019

Countering digital fraud is a lot like playing whack-a-mole: As soon as one fraudster is taken out, two more pop up where they’re least expected. The popularity of digital banking services has created ample opportunities for bad actors, leaving banks scrambling to protect themselves against the rising tide of fraud. It helps.”.

Fraud 128

Fraud Analytics New Jersey Data 128

PYMNTS

MAY 7, 2020

Emerging uses of adaptive AI and other new tech is set out in the new FI Fraud Decisioning Playbook , a PYMNTS and Simility collaboration, as financial institutions (FIs) and their clients ready for reopening by modeling good customer behavior to help identify bad actors. Learn by Example.

Fraud 248

Fraud Tools Data Examples 248

PYMNTS

MARCH 14, 2019

Corporate treasurers are increasingly concerned about a complex regulatory environment, according to the latest analysis from Strategic Treasurer and TD Bank. ” and an overall rise in complexity of current regulations. and challenging monetary policy, which contributed to an overall decline in corporate confidence.

Fraud 115

Fraud Survey Taxes Regulation 115

Insights on Business

FEBRUARY 11, 2019

This is magnified by the necessity of a tailored approach while implementing payment fraud prevention as well. The purpose-built real-time ‘dual-access’ datastore for payment fraud prevention. In the past, fraud patterns generally did not change much over time. IBM Safer Payments leads to increases in accuracy, speed.

Fraud 70

Fraud Management Resources Analysis 70

FICO

JULY 1, 2022

Global Fraud Trends: What’s Happening and What’s Next? Here are the highlights from the fraud trends breakout session at FICO World 2022 with a panel of fraud professionals from Brazil, Turkey and North America. Ulisses Okamoto , Fraud Risk Management Superintendent at Itaú Unibanco (Brazil). Tue, 07/02/2019 - 02:45.

Fraud 52

Fraud Trends South Carolina Risk Management 52

FICO

NOVEMBER 30, 2017

In my previous post on application fraud, we explored the drivers behind the rapid acceleration of identity-based fraud , which includes identity theft / third-party fraud, synthetic identity fraud, and first-party fraud. Managing fraud is a balancing act that starts with knowing your fraud risk appetite.

Fraud 82

Fraud Analytics Compliance Management 82

FICO

JANUARY 10, 2023

Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules. In a year that saw the word "scamdemic" coined, scams such as authorised push payment fraud were top of mind, along with various other fraud schemes. Few things change faster in the financial services space than fraud trends. FICO Admin.

Fraud 52

Fraud Cards Analytics Oakland 52

Abrigo

APRIL 7, 2022

Today’s financial marketplace is challenged by increasing regulation, high expectations for fast and mobile financial services, and new fintech companies joining the already competitive arena. If your institutions are a good match, the financial analysis of an acquisition is usually straightforward. Consolidation Trends.

Compliance 195

Compliance Policies Fraud Analysis 195

FICO

OCTOBER 12, 2017

In an earlier blog I wrote that NOW is the right time for payment service providers to prepare their fraud operations for PSD2. Here are three areas that can be considered now to build the foundations for the future development of your fraud operations under PSD2.

Fraud 56

Fraud Management Analysis Operations 56

Abrigo

MAY 19, 2023

In addition, they should be familiar with pertinent laws and regulations affecting credit and lending activities. Some banks have enough critical mass to rotate junior teammates from credit analysis to workout to loan review for 6-month exposures to each of these areas before sending them on to lending assignments.

Training 195

Training Lending Risk Management Guidelines 195

PYMNTS

JANUARY 24, 2019

With third-party due diligence and supply chain security as increasingly critical components of organizations’ procurement operations, compliance executives are finding important positions in their firms’ purchasing processes. That’s only if analysis of that data can be done correctly, however.

Compliance 191

Compliance Risk Management Training Analysis 191

FICO

JANUARY 5, 2021

It’s no surprise that COVID-19 would be one of the subjects that drew readers to the FICO Blog last year, but for the Fraud Protection and Compliance category it wasn’t the only top draw. What else made for the hottest reads in 2020 for fraud and financial crime? Here were our top 5 posts: #1: Fraud And Financial Crime Convergence.

Fraud 52

Fraud Compliance Survey Google 52

Abrigo

OCTOBER 14, 2022

Takeaway 3 Utilize regulatory guidance to understand regulators' expectations, which are likely to include consistent stress testing. They are having to outsource a lot and increase their operating expenses without any offsetting revenue and while dealing with supply chain issues.” Get to know regulator expectations and priorities.

Risk Management 195

Risk Management Management Policies Lending 195

PYMNTS

JULY 21, 2020

But according to the PIRG Fund’s analysis, the CFPB has also shirked its duty somewhat during the pandemic by weakening protections against predatory payday lenders. And the ongoing pandemic is only accelerating this trend, says Paula Arregui, chief operating officer for Mercado Pago. PIRG Education Fund.

Fintech 140

Fintech Groups Payments Mobile 140

PYMNTS

DECEMBER 9, 2018

In a press release, TokenEx pointed to a new analysis by SecurityScorecard that shows the alarming rate at which retailers aren’t prepared. That’s according to TokenEx , which recently hosted a webinar to help retailers better understand tokenization.

Retail 194

Retail Report Compliance Security 194

PYMNTS

JANUARY 29, 2019

In the meantime, what should businesses that want to operate in that new world do besides sit around and wait? That said, it doesn’t mean payments and commerce operators interested in the sports betting space need to sit by helplessly as the political process takes it course, he explained. More about that in just a bit, though.

Online 169

Online Las Vegas New Jersey Fraud 169

CFPB Monitor

JUNE 30, 2022

In addition, the OCC warns that banks face an “elevated” risk of cyber attacks and fraud or cybersecurity risks related to digital assets. The OCC devotes a paragraph to discussion of BSA/AML and OFAC concerns related to “environmental crimes.” The OCC then zeroes in on another perennial concern: fraud in government relief programs.

Compliance 78

Compliance Fraud Technology Operations 78

FICO

SEPTEMBER 18, 2018

It’s a harsh truth that while data and technology in the fraud business abound, true domain expertise is a scarce resource. Meet Andy Procter , one of FICO’s fraud specialists. Today we are excited to pick Andy’s brain on the hot topic of how to fight identity-based application fraud.

Fraud 51

Fraud How To Policies Strategy 51

PYMNTS

JULY 18, 2018

How exactly fraud attacks and fraud prevention will change in the post-PSD2 world remains unclear, but change is certain, according to observers. In fact, call center fraud already costs companies $0.58 The report covers ways in which call center operations are fighting fraud — including in Europe, the home of PSD2.

Fraud 104

Fraud Security Payments System 104

PYMNTS

APRIL 29, 2019

By leveraging innovation, we continue our strategic journey to drive digitization throughout our worldwide operations,” John Ahearn, global head of trade for Citi Treasury and Trade Solutions, said in the press release. “We It will expand its offering by using AI to automate more manual processes. managed services CIO, in the press release.

Analytics 123

Analytics Compliance Innovation Operations 123

PYMNTS

JUNE 26, 2019

Anti-money laundering, data security, mobile/digital payments, fraud-fighting and payment tech rounded out the top five — with each ranking as a lead priority for over 50 percent of credit union executives. And in some of those objectives — particularly in fraud detection and prevention — those uses are happening, iterating and thriving.

Analytics 118

Analytics Data Tools Fraud 118

FICO

SEPTEMBER 20, 2018

It’s a harsh truth that while data and technology in the fraud business abound, true domain expertise is a scarce resource. Meet Andy Procter , one of FICO’s fraud specialists. Today we are excited to pick Andy’s brain on the hot topic of how to fight identity fraud, specifically for application fraud.

Fraud 45

Fraud How To Policies Strategy 45

FICO

JANUARY 25, 2021

I will define it here for financial services and regulated companies as the business strategy and processes by which an organization establishes who a customer is and ensures that activity on their accounts is carried out by them. Customer identity management operates today in an unpredictable environment. Criminal network analysis.

Management 98

Management Fraud Customer Experience Compliance 98

Insights on Business

JULY 30, 2019

Regulators in the US and across the globe are supporting and even encouraging experimentation with new ways to handle financial crime detection, operations and management. Responders were financial services professionals involved in financial crime analysis and investigations, including AML and customer due diligence (CDD).

Study 107

Study Survey Regulation System 107

PYMNTS

JANUARY 26, 2017

But while B2B payments continues to lag behind the B2C market in terms of innovation, analysts note that all sides will be facing challenges from regulation this year. Still, cybercrimes like wire fraud and the business email compromise scam will remain prevalent in the industry. Regulation Throws FinTech Off-Guard.

Innovation 100

Innovation Payments Regulation Fraud 100

Abrigo

MARCH 25, 2020

Key Takeaways Banking regulators say short-term, COVID-19-related loan modifications shouldn't automatically be categorized as TDRs. Regulators also announced other guidance tied to reporting and risk-based capital rules. Regulators also announced other guidance tied to reporting and risk-based capital rules.

FDIC 150

FDIC Regulation Exercises Community 150

FICO

JUNE 12, 2020

In comparison to others in the Asia Pacific region, regulation has evolved due to last year’s Royal Commission, updates to the privacy act as well as changes enacted by global bodies such as the FATF (Financial Action Task Force). Like other advanced financial sectors, Australia has a complex and evolving regulatory environment. and the U.K.

Fraud 52

Fraud Compliance Regional System 52

PYMNTS

MAY 10, 2019

In a new PYMNTS interview, David Barnhardt, executive vice president of product at GIACT , which offers fraud detection and account validation tools, talks about an upcoming change by NACHA, national administrator of the ACH network, to make internet-initiated debit transactions (WEB debits) safer and more seamless.

Payments 178

Payments Fraud Security Customer Experience 178

PYMNTS

MARCH 18, 2019

As such, the regulators and FIs seeking to crack down on these activities have their work cut out for them. . FIs that fail to catch illicit activities miss opportunities to hamstring such operations and unwittingly help fund them. Rethinking Security Strategies . Financial and Ethical Security Strategies.

Compliance 181

Compliance Regulation Chicago Tools 181

FICO

FEBRUARY 24, 2022

The growing problem of money mules in the Philippines now has bankers and experts calling for additional regulations to criminalize the misuse of bank accounts and e-wallet accounts to try and stamp out the issue. What Exactly Is Money Muling? To complicate things further, money mules are sometimes victims of scams themselves.

Fraud 52

Fraud Analytics Regulation Trends 52

Insights on Business

JULY 30, 2019

Regulators in the US and across the globe are supporting and even encouraging experimentation with new ways to handle financial crime detection, operations and management. Responders were financial services professionals involved in financial crime analysis and investigations, including AML and customer due diligence (CDD).

Study 79

Study Survey Regulation System 79

PYMNTS

FEBRUARY 21, 2018

Perhaps it isn’t surprising that analysts are now musing about how to avoid a repeat of the Punjab National Bank fraud scandal, and some are looking towards blockchain to do so. As regulators begin to consider blockchain regulations, many have signaled a desire not to hamper innovation while doing so. Saudi Arabia.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

OCTOBER 6, 2020

Money laundering is a never-ending threat to payments providers of all types, but especially to those that operate online. Since we are acting in the financial space, there's a lot of regulation that everybody needs to follow,” said Amit Sagiv , co-head of Wix Payments, the payments processing arm of web development company Wix. “We

Analytics 163

Analytics Data Analysis Payments 163

Abrigo

NOVEMBER 9, 2022

How has CECL implementation impacted their operations and reserves for credit losses? The 2022 CECL implementation survey is the fourth such analysis since 2017 by Abrigo, which has worked with hundreds of financial institutions on CECL implementation. CECL's impact on operations. Another 10% have already engaged a third party.

Survey 195

Survey Software Resources Meeting 195

PYMNTS

OCTOBER 21, 2019

Furthermore, according to the latest edition of PYMNTS’ PSD2 Tracker , only 40 percent of merchants operating in the European Union that are aware of SCA reported being ready by that date. The goal is for merchants to think about how they will manage the SCA transition, and to develop a fraud and exemption strategy. 14, 2019 deadline.

Strategy 100

Strategy Compliance Fraud Payments 100

PYMNTS

JANUARY 22, 2020

A year ago (when the rollout was still officially on the calendar for September of 2019), merchants, acquirers and issuers all over the European Economic Area (EEA) were widely confused over what the new regulations entailed, and how exactly they were supposed to prepare for them. As the Sept.

Data 141

Data Guidelines Regulation Compliance 141

Abrigo

JUNE 5, 2023

In addition, even before the recent banking troubles, regulators have emphasized the financial institution’s responsibility to provide leaders with information on key areas of planning, operations, and risk management. Regulators review them to assess safety and soundness.

Report 195

Report Risk Management Capital Data 195