Insights on Business

MAY 6, 2019

Payment fraud detection has always had a bit more latitude than its counterparts in anti-money laundering, customer due diligence and even trade surveillance compliance. Unlike the latter areas, fraud prevention is an area not as heavily governed by regulations or specific rules of what a financial institution should or should not allow.

Fraud 102

Fraud Regulation Compliance Analytics 102

Abrigo

SEPTEMBER 11, 2023

Takeaway 2 AI can lead to more accurate and consistent outputs or predictions, better risk management, and improved customer experiences. DOWNLOAD Takeaway 1 With generative AI technology improving by the day, the question is not if the banking industry will utilize it, but when.

Risk Management 195

Risk Management Data Technology Fintech 195

Abrigo

NOVEMBER 22, 2021

Consumer lending compliance — like other aspects of enterprise risk management at financial institutions — saw a huge impact from the COVID-19 pandemic. Examiners, therefore, will routinely consider whether consumer lending underwriting and pricing guidelines, policies, and procedures comply with these requirements. Learn More.

Compliance 195

Compliance Lending Risk Management Regulation 195

Abrigo

MARCH 24, 2023

Step two Identify inherent risk vs. residual risk Inherent risk is any activity or factor posed to the credit union, notwithstanding applying any management or risk mitigation tools. This example is a situation with a "high" inherent risk and "strong" mitigating controls.

Fraud 195

Fraud Compliance Examples Analysis 195

Abrigo

DECEMBER 2, 2021

Using information from the core deposit study, bank or credit union management better understands depositor behavior and has critical information to develop pricing strategies and manage funding costs. You can also incorporate the results into the asset/liability management model and develop stress testing scenarios down the road.

Conference 195

Conference San Antonio Lending Fraud 195

CFPB Monitor

MAY 18, 2021

The Board of Governors of the Federal Reserve System recently issued and invited public comment on proposed guidelines to be used by Federal Reserve Banks to evaluate requests for master accounts and/or access to Federal Reserve Bank (Fed) financial services, in order to support a more “transparent and consistent” approach to such requests.

Fintech 78

Fintech Guidelines Policies System 78

Abrigo

DECEMBER 7, 2021

Inherent risk is any activity or factor posed to the financial institution, notwithstanding applying any management or risk mitigation tools. After adjusting the inherent risk for the institution’s risk management controls, residual risk represents the bank or credit union’s current risk.

How To 195

How To Fraud Analysis Compliance 195

Independent Banker

DECEMBER 1, 2021

Protecting your business and customer base – Investing in a partner with a strong focus on risk, compliance, and identity fraud prevention can give you peace of mind that your Know Your Customer (KYC) procedures are compliant, along with other regulatory guidelines. If you’re looking for all of the above, BHG is the answer.

Community Bank 91

Community Bank Community Fintech Guidelines 91

PYMNTS

APRIL 30, 2019

In a podcast with PYMNTS’ Karen Webster, Rob Eleveld, CEO of Whitepages, took note of how PSD2 and its strong customer identification (SCA) guidelines (which take effect in September) will shift checkout flows for transactions in Europe. PSD2 will change – indeed is changing – online commerce in Europe and beyond. The 150-Millisecond Rule.

Fraud 171

Fraud Online Cards Payments 171

Abrigo

FEBRUARY 25, 2022

If your BSA officer does not have the authority to make final decisions on regulatory policies, urge your senior management and board to grant them more decision-making power. But there is plenty that banks, credit unions, and NBFIs can do to prepare before guidelines are finalized. Learn more about BSA/AML trends. keep me informed.

Regulation 195

Regulation Policies Compliance Washington 195

PYMNTS

MARCH 7, 2016

Banks may face tougher guidelines when it comes to how much they are required to spend to cover the risks that cyberattacks, fraud and fines pose to their operations. Basel regulations are international, voluntary guidelines for financial regulators to assure banking stability through stress tests and other measures.

Regulation 100

Regulation Guidelines Capital Operations 100

Perficient

JANUARY 16, 2024

Background On October 19 th , 2023, the Office of the Comptroller of the Currency (OCC) published an article highlighting new enforcement actions and clarifying explicit rules regarding misconduct, particularly as it relates to financial abuse by senior-level management.

Compliance 221

Compliance Guidelines Policies Risk Management 221

PYMNTS

JUNE 27, 2016

Caldera considers these segments “high risk” since the transactions they enable are more susceptible to fraud and money laundering. As a result, he says, regulators are on “high alert” and can impose harsh penalties when financial institutions don’t follow proper risk management strategies. What That Really Means.

Regulation 101

Regulation Guidelines Risk Management Operations 101

FICO

JANUARY 4, 2018

fraud alerts) in accordance with the 1991 Telephone Consumer Protection Act (TCPA). However, change is on its way with the departure of Wheeler on January 20, 2017, the eventual confirmation of two new FCC commissioners and a much-anticipated decision by the DC Circuit on the industry’s appeal of the FCC’s most recent TCPA guidelines.”.

Analytics 58

Analytics Data DC Millennials 58

PYMNTS

JANUARY 27, 2017

Those tangible items can also be gateways to fraud. In an age where bits and bytes are continually encroaching on the things we carry, the question becomes: How are our digital identities shaped, and just who (or what) should hold the key to managing those identities? But there are no hard and fast guidelines in the U.S.

blockchain 100

blockchain Security Guidelines Fraud 100

PYMNTS

FEBRUARY 3, 2017

To really do it right, according to Bilafer, it’s key to look hard at a handful of major areas: onboarding/enabling, payout/settlement, payments processing, risk management, compliance and value adds. When you start looking at risk and compliance, we have people who believe they know their clients and merchants.

Payments 100

Payments Fraud Compliance Guidelines 100

FICO

JANUARY 5, 2023

The Consumer Financial Protection Bureau (CFPB) has indicated it will publish rules , not guidelines, aimed at strengthening consumers’ control over and providing portability of their financial account data, sometime in 2023. The Office of Management and Budget has reported that final SEC cyber rules are expected to be issued in April 2023.

Policies 52

Policies Company Regulation Risk Management 52