PYMNTS

JANUARY 30, 2019

What’s more, companies must also work to remain compliant with the laws in place across the different regions where they operate. These challenges of ensuring authentication and following ever-shifting AML guidelines present a conundrum for businesses looking to expand globally. How FrontFundr Keeps Its Investment Platform Fraud-Free.

How To 170

How To blockchain Compliance Regional 170

FICO

FEBRUARY 9, 2022

This shift has created significant opportunities for local banks, however with this growth comes the inevitable threat of increased fraud, exacerbated by the Covid pandemic and the explosion in ecommerce and card-not-present fraud. Expansion Brings Fraud Challenges.

Fraud 52

Fraud Cards Analytics System 52

FICO

FEBRUARY 18, 2020

But has this shift in consumer habits created a growing rideshare fraud problem? TNCs have gradually changed transportation preferences within the card-not-present (CNP) Taxicab and Limo service category. Interestingly, spikes in fraud rate occur beyond the 31% mark in more risky, less-populated regions in the US.

Fraud 52

Fraud Cards US Regional 52

PYMNTS

APRIL 18, 2019

SCA’s goals are laudable by any measure, as the requirement seeks to reduce fraud and make online card-not-present (CNP) transactions more secure. Exemptions can be requested by merchants that show evidence of low fraud rates, he noted. A September to Remember. Merchants have been sleepwalking into SCA,” Princen explained.

Fraud 148

Fraud Regulation Compliance Online 148

FICO

JUNE 14, 2021

In this post, I’ll provide a quick overview of how BNPL works, and share my thoughts on how BNPL fraud can occur and where the financial liability lays. . Citi, Citizens Bank, Regions Bank, Fifth Third and Synovus are the largest banks currently participating in point-of-sale financing. Strategies and Tools for Fighting BNPL Fraud.

Fraud 52

Fraud Cards Millennials Utah 52

PYMNTS

JUNE 28, 2018

But the recent thefts, along with other attempted and completed cyberattacks, demonstrate why payments officials in the region are expressing fresh concern about financial security there. Fraud is a Top Worry. Evidence of that comes from Swift’s Latin America Regional Conference , held earlier this month in Miami.

America 102

America Security Miami Conference 102

PYMNTS

NOVEMBER 25, 2020

Crafting AI models that make sure people are who they say they are and prevent fraud, while eliminating identity bias and other pitfalls, comes with its own set of challenges, he said. Traditionally, that begins with an individual presenting a government-issued ID to confirm identity.

social media 353

social media Data Examples Training 353

FICO

MARCH 11, 2020

This type of fraud is known as subscription fraud or first party fraud, where a consumer is opening an account for a subscription service (e.g., This type of fraud can constitute 10-20% of the bad debt. In this blog post I will look at: The growing problem of subscription fraud. This is not subscription fraud.

Fraud 52

Fraud Industry Analytics Strategy 52

PYMNTS

JULY 22, 2019

“If a firm needs to digitally onboard someone and verify them, we can help that company do that fairly seamlessly,” Samer Atassi, regional director, Latin America and Caribbean for Jumio, told PYMNTS in a recent conversation. Part of that, he added, is across-the-board high standards when it comes to compliance and verification.

Innovation 161

Innovation Payments Regional America 161

FICO

JANUARY 23, 2019

FICO recently hosted 60 banking fraud professionals from 33 organizations and 8 countries at its Asia Pacific Fraud Forum. Attendees were keenly interested in how artificial intelligence and machine learning continues to be a key technology in the fight against fraud and financial crime. Banking Fraud - The Need for Speed.

Fraud 40

Fraud Analytics Compliance Data 40

FICO

JUNE 17, 2021

Surely, not all of these mechanisms are as secure as each other, so there is a relationship between payment methods and fraud risk. Let's take a look at the options I was presented with and what that really means to both the consumer and the fraudster. When presented with the above list, it is easy to be overwhelmed, as I was.

Fraud 52

Fraud Payments Retail Cards 52

PYMNTS

SEPTEMBER 30, 2020

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. Consumers’ changing views are prompting MENA financial authorities to reexamine how their present regulations handle online privacy.

Regulation 175

Regulation Data Regional Examples 175

Abrigo

JULY 14, 2023

How has the commercial real estate market performed, and how it is performing today by collateral type in your region/market? emailing, uploading to other documents, creating pdfs, and presentation features that allow for direct presentation to management and board groups)? Industry borrower data.

Strategy 195

Strategy Data Analytics Analysis 195

Abrigo

OCTOBER 3, 2014

Thomas focused on three key issues directly affecting the present and future of the accounting industry – increased regulations, a shifting workforce, and changing continuing education – as well as some thoughts on the opportunities these challenges offer.

New Jersey 271

New Jersey social media Industry Regulation 271

PYMNTS

OCTOBER 8, 2019

On the one hand, this is good news, Bayliss told PYMNTS in a recent interview, because a phased supervisory period presents an opportunity for all the stakeholders in the payments and commerce ecosystem to make sure they are technologically and operationally prepared to roll out the best possible version of technology that supports SCA.

Compliance 156

Compliance Security Industry Regulation 156

FICO

OCTOBER 17, 2018

If your business uses FICO analytics and software to manage risk, fight fraud, improve profitability, increase financial inclusion or comply with regulations, you are already ahead of the curve. Winners can come from any region or industry. Fraud Control - UBS Card Centre. Regulatory Compliance - 4Finance.

Analytics 40

Analytics Fraud Compliance Regional 40

PYMNTS

JULY 21, 2020

The digitization and acceleration of back-office financial workflows have presented the opportunity for organizations of all sizes to become more agile, with more data available to treasurers for clearer, real-time visibility into cash positions. These hurdles are, indeed, massive challenges.

Management 160

Management Innovation System Fraud 160

PYMNTS

OCTOBER 21, 2019

Ensuring SCA compliance should be part of a larger effort to determine that a payments strategy is secure, cost-effective and satisfies user expectations for convenience and trust. The goal is for merchants to think about how they will manage the SCA transition, and to develop a fraud and exemption strategy. Friction So Far.

Strategy 100

Strategy Compliance Fraud Payments 100

PYMNTS

MAY 24, 2019

“The Innovation Hours Program will provide financial technology (FinTech) and regulatory technology (RegTech) companies and financial institutions the opportunity to present their new and emerging innovative products and services to FinCEN,” the organization said in the release. FinCEN expects to hold events in the Washington, D.C.

Innovation 124

Innovation US Metro Washington 124

PYMNTS

DECEMBER 23, 2020

The freelance market is also expanding in Europe, with one study indicating that gig economy workers conduct approximately 20 percent to 30 percent of all jobs in the region. Wire transfers are a common method through which these workers receive cross-border payments and these payments can present numerous problems, even if they go smoothly.

Payments 270

Payments Study Examples Report 270

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. billion bank in the Mid-Atlantic region.

Fintech 194

Fintech Community Regional Technology 194

Insights on Business

NOVEMBER 26, 2018

I challenge that notion, and also present three key ways that the new approach to financial crime and compliance management moves away from the current, endless Sisyphean cycles and is a fulfillment of what many of your existing solutions promised: a better approach. Webinar: AML Compliance comparison and effectiveness.

Compliance 123

Compliance Customer Experience Strategy Groups 123

Alex Jimenez

NOVEMBER 4, 2023

Regulation and Compliance: Not one of the more exciting topics, but there seems to be a growing emphasis on FinTech regulation and compliance, particularly around industry stability and consumer protection. Financial Inclusion: The need for the industry’s support of underserved populations and regions came up often.

Conference 84

Conference Meeting Trends Fintech 84

Jack Henry

APRIL 30, 2014

In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks. Regional Coalitions. Secret Service Electronic Crimes Task Force (ECTF).

Fraud 88

Fraud Cyber Security ATM FDIC 88

FICO

NOVEMBER 23, 2021

Armando Junior, general manager, risk and compliance at Dock (previous winner) . At Conductor, he helped the payments and banking-as-a-service platform increased fraud detection by 25 percent. Armando has over 15 years of experience in financial services with a specialization in credit products for large lenders. by Nikhil Behl.

Meeting 52

Meeting Analytics Risk Management Management 52

PYMNTS

FEBRUARY 28, 2018

That includes anti-money laundering (AML) compliance, know your customer (KYC), fraud mitigation, marketing, privacy, document review, Office of Foreign Assets Control (OFAC) compliance, reporting and more. Being a program manager means handling everything other than card issuing, authorization and transaction processing.

blockchain 100

blockchain System cryptocurrency Regional 100

PYMNTS

DECEMBER 11, 2019

In Norway, banking group Eika Group announced an investment in and collaboration with EedenBull in an effort to help traditional financial institutions in the region strengthen financial services to business clients. The company emphasized the opportunity open banking presents to promote automation for the SMB community.

Fintech 132

Fintech Groups Data Strategy 132

FICO

NOVEMBER 11, 2020

René is currently responsible for the market and liquidity risks teams and the risk modeling team, overseeing credit, market and liquidity models, contributing to policy design and governance at Banreservas; the largest bank in the Dominican Republic and one of the largest in the region. by Nikhil Behl.

Meeting 52

Meeting Analytics Big Data Management 52

PYMNTS

MARCH 10, 2017

One of the many challenges that typically arises when it comes to cross-border eCommerce payments is potential card-not-present fraud occurrences. More needs to be done to make it easier to partner with mid-tier or second-tier banks in this region. PYMNTS: What do you see impacting this space in 2017 and beyond?

blockchain 108

blockchain Payments Retail Technology 108

FICO

MARCH 18, 2020

With acceptance of biometrics becoming mainstream, and the need for fraud protection ever front of mind, how can banks use biometrics in order to be more effective and efficient? Fraud—do you need to change your approach to thwart a change or increase in attacks. Intelligent Orchestration of Multi-Factor Authentication.

Fraud 52

Fraud Analytics Samsung Comparison 52

FICO

DECEMBER 23, 2020

Improving access to quality data will be prioritized to take advantage of the opportunities presented by artificial intelligence and machine learning. Business intelligence to analyze the morass of data and alerts generated will be a key theme for the region and a global necessity as adoption of AI increases.

Compliance 52

Compliance Regulation Data Risk Management 52

Fintech Labs Insights

OCTOBER 6, 2016

NetGuardians enables banks to beat fraud and automate compliance. Detect banking fraud before it happens and identify fraudsters with 100% reliability across the entire banking system. Presenters. Eric Margarin, Asia Regional Director. Pick up your tickets today and save your spot. Reduces false positives.

Big Data 20

Big Data Fraud Regional Analytics 20

CB Insights

FEBRUARY 13, 2020

These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. Fraud prevention tools. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items. Funding, valuation, and investors. Leadership and board members.

Online 98

Online Company Retail Payments 98

Independent Banker

JULY 31, 2022

Fallout from recent global events presents an obstacle to generating revenue for community banks. Banks that lack proper controls are liable, contends Ghiglieri, to internal and external fraud losses—as well as litigation expenses and regulatory penalties. Recruiting is easier in some regions than others. By Elizabeth Judd.

Strategy 135

Strategy Community Bank Louisville Community 135

PYMNTS

OCTOBER 1, 2018

The SEC found LCA, LendingClub and Laplanche guilty of fraud for improperly using LCA assets to benefit LendingClub Corporation, LCA’s parent company for which Laplanche was both founder and CEO. The SEC Finding. LCA and Laplanche, along with former CFO Dolan, were also charged with improperly adjusting fund returns. said U.S.

Lending 135

Lending Fraud Management San Francisco 135

Gonzobanker

DECEMBER 17, 2021

From nowhere, sizable regional players are being created. Performance and multiples continue to be solid, outperforming most regional banks. Fiserv DNA continues to rack up successes in large credit unions, savings banks, and even a few regional commercial banks. Has to be M-O-E. Bank Merger of the Year.

Fintech 143

Fintech Strategy Leadership Lending 143

PYMNTS

SEPTEMBER 24, 2020

But as merchants and issuers look to enter new markets, including the Asia Pacific region (APAC), they must be mindful of the challenges posed by fraudsters. At the same time, online businesses actually invested less in fraud prevention tools as their general budgets tightened due to external pressures. People are desperate.

Mobile 245

Mobile Management Fraud Training 245