PYMNTS

FEBRUARY 24, 2020

The country takes privacy, particularly financial privacy, seriously, passing its Cyber Security Law in 2016, followed by the Personal Information Security Specifications in 2018 and the MLPS 2.0 Banks are familiar with upgrades to their internal and local compliance standards, but China represents a different kind of challenge.

Regulation 160

Regulation Policies Data Compliance 160

Payments Source

MAY 29, 2018

But experts say retailers' prioritization of EMV compliance contributed to other payment card security gaps, leading to the current high level of merchant data breaches. A direct correlation between the chip migration and rampant merchant data breaches is hard to prove.

Data 67

Data Compliance Security Retail 67

Gonzobanker

NOVEMBER 17, 2016

The underlying theme my Cornerstone compadres and I picked up over the four-day event was the financial industry’s growing resolve to create “frictionless, personalized payments.” Retailer perspective sessions emphasized improving the consumer’s buying experience versus the payment experience.

Payments 60

Payments Las Vegas Risk Management Cyber Security 60

Perficient

APRIL 2, 2021

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. Financial institutions may also use AI to enhance credit monitoring (including through early warning alerts), payment collections, loan restructuring and recovery, and loss forecasting.

Regulation 309

Regulation Industry Risk Management Analysis 309

Payments Source

JANUARY 4, 2018

Compliance checks today are not continuous or automatic, even in the largest of global enterprises. Traditionally, compliance audits are performed by organizations just once a year when, in reality, they need to be continuous in order to be effective, writes Manoj Asnani, lead of product and design for Balbix.

Retail 130

Retail Compliance Cyber Security Security 130

FICO

APRIL 12, 2017

IDC predicts that in 2017, behavioral analytics across compliance, fraud, and cyber detection and prevention will be in place at 15% of banks, helping them to avoid losses, regulatory fines and sanctions. Power at scale: Enhancing fraud, compliance and cyber security defenses . Benefits beyond cost savings.

Analytics 49

Analytics Fraud Compliance Comparison 49

FICO

DECEMBER 15, 2022

Scams is a first-party crime where the payment is made by the customer, not a fraudster. Fortunately we have an ample and valuable research repository of data in the FICO® Falcon® Intelligence Network , a consortium of global payment data provided by more than 9,000 contributing companies. Scott received his Ph.D. See all Posts.

Analytics 52

Analytics San Diego Fraud Cyber Security 52

SWBC's LenderHub

JUNE 21, 2021

Experts predict it will rapidly advance the regulatory landscape by offering technological compliance solutions for the highly regulated financial services industry. Regulatory technology, or RegTech, was developed in the wake of the FinTech revolution and has been continuously expanding since the financial crisis of 2008.

Industry 78

Industry Compliance Regulation Technology 78

Payments Source

NOVEMBER 30, 2018

An invisible payment becomes a lot more visible when it’s compromised, making Marriott’s data breach a threat to one of the most important innovations in retail, which should scare everyone from Uber to Amazon.

Payments 71

Payments Marketing Retail Innovation 71

PYMNTS

JUNE 20, 2017

But Big Data lands new capabilities in the hands of corporate treasurers and other executives that yields active, real-time assessments of risks from multiple angles, from counterparties to compliance. A weak data management strategy could heighten the risk of non-compliance.

Big Data 119

Big Data Data Risk Management Compliance 119

Tech and Finance

DECEMBER 30, 2018

Cyber security pros and risk analysts should be better than the average person at detecting fraud, but a little over three percent submitted their personal identification information to sign up for an app described as “Shazam for voice identification.”.

Fraud 31

Fraud Company Cyber Security United States 31

FICO

JUNE 9, 2022

However , t he adoption of AI and ML in money laundering detection has been slow due to mandated regulator scenarios that put at odds proof of compliance and, necessarily, an effective program. Scott is most recently focused on the applications of streaming self-learning analytics for real-time detection of cyber security attacks.

Analytics 52

Analytics San Diego Cyber Security Data 52

NCR

MAY 3, 2016

But as attacks continue to become more targeted and sophisticated, IT teams are struggling against a range of agents, from common hackers to nation-states, to keep their networks and their vaults secure. Securing the Vault. Establish an enterprise-wide security policy. Enforce your security policy. The Turning Point.

Policies 40

Policies Security ATM System 40

NCR

DECEMBER 7, 2016

AI also looks set to make its mark in the payments sector. A survey by Pelican, a financial services solutions provider, found that nearly three-quarters (72 per cent) of payments professionals across 32 countries thought AI had strong potential to address some of the inefficiencies in their payment processing activities.

Innovation 40

Innovation Cyber Security Fraud Industry 40

Payments Source

MAY 21, 2018

European financial institutions and central banks, along with critical European banking and payments infrastructure providers, face an increasing onslaught from hackers that has prompted two major responses from the EU.

Payments 62

Payments Cyber Security Compliance Security 62

American Banker

FEBRUARY 14, 2024

New regulations involving cryptocurrency and the results of key elections will impact the industry's success this year.

cryptocurrency 83

cryptocurrency Regulation Industry Cyber Security 83

Fintech Labs Insights

APRIL 27, 2016

.” Innovation in Cyber Security / Anti-Fraud: Global Gateway by Trulioo – FinovateFall 2015. “FinTech continues to be at the forefront of innovation, and that requires equally innovative RegTech solutions for risk management, security, and fraud,” Zac Cohen, Trulioo General Manager said.

Innovation 12

Innovation Fintech San Jose Cyber Security 12

Gonzobanker

DECEMBER 22, 2015

It’s nice to see somebody passionate about using new payments technology to make banking easier and cheaper for the financially disadvantaged. To those community bankers claiming their growing Compliance departments say no to everything. A slew of new chief payments officers were appointed in 2015 to drive this critical revenue source.

Community Bank 60

Community Bank Apple Community Technology 60

PYMNTS

MAY 8, 2017

The firm released its 2016 Financial Institutions Security Risks report last week, which found that even for non-U.S. financial institutions, the cost of a single security incident could top nearly $1 million. Further, Kaspersky Lab found that 63 percent of FIs believe regulatory compliance doesn’t necessarily guarantee security.

Data 101

Data US Guidelines Cyber Security 101

Payments Source

JULY 16, 2018

Overreliance on the smartphone risks mistaking device authentication for user authentication.

Mobile 62

Mobile Cyber Security Online Compliance 62

FICO

AUGUST 28, 2020

Until recently, most consumer-facing organizations have relied on username and passwords to secure accounts. Plus, consumers don’t like passwords as a security measure. Our recent survey found that only 40 percent of people are prepared to use username and passwords for security, while password management causes people real problems.

Management 52

Management Security Cyber Security social media 52

Fintech Labs Insights

OCTOBER 3, 2016

Helped facilitate payments to expert freelancers on OnFrontiers network. Won Best Corporate/Government Payments Programme at Emerging Payments Awards. Connected digital payments hub with Finovate alum Klarna’s checkout solution. Listed in Silicon Review as one of the 20 fastest growing security companies.

San Francisco 18

San Francisco Taxes Lending Colorado 18

Payments Source

AUGUST 28, 2018

Digital ID platform developers are competing to sign up partners to deploy their technologies to replace vulnerable usernames and passwords with a single sign-in. The challenge is to sign up a sufficient volume of partners to make these platforms attractive for consumers and businesses.

Technology 64

Technology Cyber Security Compliance Security 64

FICO

JANUARY 5, 2023

For Public Companies, Cybersecurity Compliance with New SEC Rules will be a Top Priority. The proposed rules appreciably increase corporate accountability on cyber risk, starting from the boardroom and cascading down throughout the organization. 5 Ways Digital Payments Will Change FIs and Fraud in 2023. See all Posts.

Policies 52

Policies Company Regulation Risk Management 52