FICO

SEPTEMBER 16, 2020

FICO’s Integrated AML Compliance Survey has revealed that while the vast majority of banks in more than 11 countries around the Asia Pacific region believe that AI will strengthen anti-money laundering efforts, many remain unsure how to operationalize the advanced technology. Investment in compliance technology.

Survey 52

Survey Compliance Regional System 52

FICO

SEPTEMBER 12, 2019

A new independent survey by research firm Ovum has found that banks in multiple regions plan to integrate their fraud and financial crime compliance systems and activities in response to new criminal threats and punishing fines — but not all at the same speed. said TJ Horan, vice president of fraud solutions at FICO.

Fraud 49

Fraud Management eBook Compliance 49

FICO

SEPTEMBER 8, 2022

Payments Fraud in Asia Post Pandemic. Why consumers are moving to banks with the best fraud and scam prevention. Senior Consultant, Fraud and Financial Crime. The growth of real-time payments and fraud in Asia. The appeal of these banking innovations has also made it a honeypot for fraud. Saxon Shirley.

Fraud 52

Fraud Payments Survey Security 52

FICO

MARCH 10, 2022

I’ve been writing recently about the results of our recent global consumer fraud survey. But like most things, it’s not as simple as it sounds, as large customer groups are likely to switch banks if they are dissatisfied with their response to a fraud management incident (more on that in a moment). a biometric).

Fraud 52

Fraud Survey Cards Customer Experience 52

PYMNTS

NOVEMBER 14, 2017

In a survey of corporate treasurers and CFOs at top corporations around the globe, 13 percent said they had already partially or totally switched their financial services provider to gain access to newly released FinTech tools. East & Partners found regional trends in corporate treasurers’ demand for FinTech solutions, too.

Tools 179

Tools Fintech Survey Analysis 179

FICO

MAY 28, 2021

At the beginning of the year, we commissioned a survey of 1,000 adults in each of fourteen countries to canvas them about their attitudes to opening a range of different financial accounts digitally using websites and apps. In these countries, the preference for using apps rather than websites, largely extends across all age groups surveyed.

Survey 52

Survey Digital Banking Trends Comparison 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. 1 to adjust their standards in compliance. The Data Privacy Twist .

Regulation 175

Regulation Data Regional Examples 175

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

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. . consumers who used buy now, pay later missed more than one payment, according to a survey conducted in November 2020 by Credit Karma. Strategies and Tools for Fighting BNPL Fraud.

Fraud 52

Fraud Cards Millennials Utah 52

PYMNTS

AUGUST 6, 2019

Latin America is often considered to be the world leader in electronic invoicing thanks to government mandates, but the Asia Pacific region is quickly gaining steam in its eInvoicing efforts, too. And beyond government efforts, FinTechs in the private sector are also promoting eProcurement digitization in the region. On Monday (Aug.

Regional 108

Regional Taxes System Guidelines 108

FICO

MAY 25, 2017

As the fallout out continues to ripple across the world, we decided to ask 37 executives from financial institutions across the Asia Pacific about tax evasion and how they thought it would impact the region. A further one in five senior fraud managers surveyed said they expect the increase to be up to double last year’s levels.

Taxes 40

Taxes Survey Compliance Regional 40

FICO

DECEMBER 2, 2020

FICO carried out a survey earlier this year with 500 Malaysian adults to find out. When we look at how Malaysians prefer to open digital accounts, it’s noticeable that while they lag some of the other countries surveyed in terms of their willingness to use websites, they are ahead of the curve when it comes to using apps. .

Survey 72

Survey Regional Compliance Fraud 72

FICO

FEBRUARY 27, 2019

Recent Asian money laundering scandals continue to shake up the financial world, and the ripple effect is still keenly felt across the region. Respondents had a difference of opinion on the most effective way to increase money laundering compliance. Financial Crime Compliance Predictions 2019: Stop the Scandals! McConaghy added.

Compliance 45

Compliance Regional Survey Analytics 45

PYMNTS

MAY 22, 2018

A bill that would give regional banks a break on regulation was before the U.S. Groshans said that such financial institutions as Zions, Regions Financial, Citizens Financial, Huntington, American Express and Keycorp would benefit from the law. The Economic Growth, Regulatory Relief, and Consumer Protection Act , S.

Regulation 100

Regulation Regional Community Innovation 100

PYMNTS

MAY 23, 2017

Written in conjunction with Forbes, the report, which surveyed C-Suite executives from U.S. Raimundo Diaz, head of Americas at TMF Group, and Jason Gerlis, regional director of North America at TMF Group, both chatted with PYMNTS about the findings in the report. is getting very hot on compliance,” he said. is extremely low.”.

US 100

US Compliance Taxes Trends 100

FICO

MARCH 7, 2023

The EU AI act warns of financial consequences of non-compliance could be as high as €30 million (US$33m), or 6% of global revenue – far more severe than those incurred by non-compliance of GDPR. Matt joined FICO from Barclays where he was global director of Fraud. Less than 20% of AI budgets are being spent on it.

Regulation 52

Regulation America Compliance Fraud 52

PYMNTS

JUNE 12, 2017

Their 2017 survey contains data points that all point to one conclusion: Companies are forced to reshape their payment strategies thanks to a combination of factors, including the rising threat of payments fraud, increased globalization and high payment volumes. But how businesses reshape their payment practices varies. Globalization.

Fintech 150

Fintech Survey Cards Payments 150

FICO

FEBRUARY 9, 2023

As the PSR’s response to authorized push payment fraud moves towards becoming law, what will the results be? million stolen through fraud in the UK last year, payment scams (or authorised push payment fraud or APP scams) accounted for 41%. A quarter of all losses to payment fraud is under £100. And what can banks do?

Fraud 52

Fraud social media Examples Regulation 52

FICO

NOVEMBER 8, 2022

Strong Fraud Protection Could Draw More Customers - Survey. Fraud protection is now firmly on the radar for consumers and has risen substantially as a deciding factor - it could even be a competitive advantage for banks. In the UK, trade bodies have called for fraud levels to be considered a national security threat.

Fraud 52

Fraud Survey Security eBook 52

PYMNTS

DECEMBER 11, 2019

Recent reports in Accountancy Age said SMBs are largely unaware of open banking, with Intuit Quickbooks finding in a survey of U.K. The tie-up will see the Malaysian bank, which targets SMBs, integrate Ephesoft Transact into its own back-office operations to strengthen its fraud detection and compliance processes.

Fintech 132

Fintech Groups Data Strategy 132

FICO

NOVEMBER 2, 2017

A new report from LexisNexis on Future Financial Crime Risks (September 2017) highlights the stress felt by UK banks around financial crime compliance. Given the rapid change in financial compliance regulations, it’s easy to see why the 170 financial crime professionals surveyed felt overwhelmed. Do you have any advice?

Compliance 53

Compliance Regulation Data Management 53

PYMNTS

MAY 12, 2017

In fact, an estimated ~79 percent of businesses continue to use wire transfers to settle payments, according to a survey conducted by the Association of Financial Professionals. Meanwhile, Currencycloud draws transaction data to run anti-money laundering and other compliance checks.

Payments 109

Payments Compliance Guidelines Comparison 109

FICO

MARCH 18, 2020

We recently commissioned a survey of 5,000 people across 10 countries to better understand how people view security when they open or use their accounts. Independent survey of 5,000 adults, carried out on behalf of FICO, Feb 202. Fraud—do you need to change your approach to thwart a change or increase in attacks.

Fraud 52

Fraud Analytics Samsung Comparison 52

FICO

MAY 3, 2023

In the 2023 FICO Global Scams Survey , we asked consumers worldwide what they think banks could do better to combat scams and create a better customer experience for victims. Action: When customers are aware of fraud schemes and how they work they are less likely to fall for them, but reminders or alerts are helpful.

Fraud 10

Fraud Survey Customer Experience Management 10

FICO

MARCH 6, 2020

Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales. In this excerpt from that article, Jürgen elaborates on the importance of compliance. . At FICO, I am responsible for planning and implementing growth strategies to develop new markets, and the expansion of our compliance business globally.

Compliance 81

Compliance Technology Fraud Analytics 81

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

FICO

DECEMBER 13, 2019

We have just published our latest interactive map of European card fraud , based on data from Euromonitor International , and the results may seem confusing. While banks across Europe have stopped more fraud than ever, the total fraud losses in the 19 countries surveyed rose for the first time since 2015. What’s going on?

Fraud 52

Fraud Cards Trends Regional 52

NCR

OCTOBER 17, 2017

With industry-specific compliance requirements driving security spending and deployment, it’s natural to assume that best practices for securing access to sensitive data are different from vertical to vertical. The analysis revealed that many of the same attack vectors bridged all regions as well as all industries. Best Practices.

Security 45

Security Analysis Regional Industry 45

PYMNTS

DECEMBER 14, 2017

In fact, in the last 24 hours, the virtual currency has seen investigations into illegal exchanges, regulators around the world issuing warnings about its volatility, worries about fraud and also real estate transactions intended to be made only in bitcoin.

Bitcoin 122

Bitcoin Data Compliance Survey 122

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

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. Payments may move through many intermediaries, too, each adding time to the processing journey.

Payments 115

Payments Compliance Operations System 115

FICO

APRIL 20, 2021

As part of our survey of 14,000 people across 14 countries, we set out to uncover customers’ attitudes to digital account openings for financial services. The highest figure of those surveyed willing to open a personal or checking account digitally was seen in New Zealand, at 78%. Source: FICO Survey. Learn More. South Africa.

Survey 52

Survey eBook Mobile Regional 52

Gonzobanker

DECEMBER 19, 2022

In December, the founder and CEO of Crypto Exchange company FTX was arrested in the Bahamas (yah, don’t ask) and charged with fraud and conspiracy. 1 issue raised by CEOs in our surveys, bankers had to craft a new and compelling post-Covid value proposition to attract it. Now that’s what you call a change of momentum. What a year.

Community 216

Community Fintech Industry Innovation 216