Bank Innovation

OCTOBER 15, 2018

On the eve of the Money20/20 2018, where among the speakers are owners and top managers of Amazon, Virgin, Microsoft, and other giants, we interviewed Artem Timoshenko, the CEO of Maxpay, a payment processor with extensive risk management and fraud prevention expertise, on a few of the key trends in Fintech this year.

Fintech 150

Fintech Innovation Risk Management Fraud 150

PYMNTS

NOVEMBER 6, 2020

COVID-19 has shifted consumers away from card-based payments experiences, while P2P has accelerated a change enabling merchants to own the payments experience itself, Debbie Guerra , executive vice president of merchant and payments intelligence solutions at ACI , told PYMNTS in a recent interview. Payments Flexibility .

Payments 274

Payments Cards Fraud Retail 274

PYMNTS

FEBRUARY 19, 2020

Global cloud treasury and finance firm Kyriba has introduced the Kyriba Payments Network to deal with the developing chief financial officer (CFO) mandate to streamline payments and fight payments fraud, the company said in a press release on Wednesday (Feb.

Las Vegas 130

Las Vegas Payments Fraud Risk Management 130

PYMNTS

DECEMBER 13, 2020

Jenn Quindoza , controller/risk manager for the Collegiate School, said the school was pleased with the outcome, especially for its ability to approve and post invoices. Our budget managers now have instant access to processed invoices, and they love that it’s paperless," she said, according to the release.

Virginia 281

Virginia Fraud Risk Management Payments 281

PYMNTS

DECEMBER 17, 2020

Global payments platform Adyen is teaming up with the vertical payments startup Flywire to support the expansion of payments and receivables around the globe. Customers can also tap RevenueProtect, Adyen’s risk management and fraud prevention product. .

Payments 181

Payments Risk Management Fraud Industry 181

PYMNTS

JANUARY 23, 2020

MUFG Union Bank is now offering business customers real-time payments on The Clearing House (TCH) RTP network, MUFG announced on Thursday (Jan. The RTP network provides instantaneous payments that allow customers the convenience of using funds right away. The RTP network is the first payments framework created in the U.S.

Payments 141

Payments Fraud United States Analytics 141

BankInovation

JANUARY 17, 2024

In 2023, financial institutions continued to look to third-party vendors for innovative solutions to enhance their offerings. banks are most eager to partner in the following three areas: Payments and money movement; Fraud and risk management; and Mobile […] A December report by Scottdale, Ariz.-based

Arizona 63

Arizona Risk Management Fraud Innovation 63

PYMNTS

OCTOBER 8, 2020

Risk management platform Feedzai announced a 44 percent increase in growth for the first half of the fiscal year for 2020, which a press release says was one of the company’s most successful so far. The deals sometimes concerned big players, including “some of the largest and most innovative companies in the world (e.g.

Report 247

Report Fraud Risk Management America 247

PYMNTS

MAY 10, 2019

Among the highest ideals for digital payments – driving innovation in transactions and customer experience – is, of course, the concept of seamlessness. In short, the new rule might require companies that deal with ACH payments to retool their fraud detection systems. How much effort will that require, then?

Payments 178

Payments Fraud Security Customer Experience 178

PYMNTS

MARCH 22, 2018

Fraud detection startup Sift Science has raised $53 million in a series D round, bringing its total amount raised to $107 million. Founded in 2011, Sift Science plans to use this latest round of funding to grow its fraud detection and prevention product globally. Clients include Twitter, Airbnb, Twilio, Instacart, Zillow and Yelp.

Fraud 108

Fraud Atlanta Capital Big Data 108

PYMNTS

DECEMBER 30, 2016

Mike Vigue, vice president, product strategy, cyberfraud and risk management at B2B payments firm Bottomline Technologies , warns that ongoing use of paper checks, fraudulent emails and general ignorance of cyberthreats will continue to place businesses — and their payment activities — at the center of thieves’ targets.

Fraud 145

Fraud Security Survey Technology 145

Independent Banker

JANUARY 31, 2022

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. Swashbuckling, nimble, well-funded and unapologetically entrepreneurial, fintechs are offering innovations that allow community bankers to dream big in a host of ways.

Community Bank 159

Community Bank Community Fintech Risk Management 159

FICO

MARCH 30, 2023

Both from a cash and a fraud perspective, my curiosity was piqued, and I fell down the rabbit hole to learn more. Notes and coins are only expected to make up about 6% of payments in the UK within the next 10 years. Fraudsters Love Digital Real-Time Payments All this rapid change is great for one thing — fraud.

Fraud 52

Fraud ATM South Carolina Management 52

PYMNTS

DECEMBER 22, 2016

In an interview with Karim Ahmad, TSYS executive vice president of global product and innovation, PYMNTS’ Karen Webster delved into the very nature of change, marking what once might have been a staid industry. I’m a pretty prosaic guy when it comes to … innovation,” said Ahmad.

Innovation 100

Innovation Payments Regulation Industry 100

PYMNTS

JANUARY 20, 2020

FinTechs are helping merchants coordinate all of the different components that a payment entails with payments orchestration. Modo CEO Bruce Parker told PYMNTS that the term signifies “the ability to keep track of all of the different moving parts of a payment” throughout its entire lifecycle. reconciliation).

Payments 145

Payments Risk Management Fintech Innovation 145

Insights on Business

JUNE 19, 2019

Today, IBM received recognition by Risk.net for both “Financial Crime Product of the Year” for IBM Safer Payments as well as “Best Vendor for Innovation.” And though we’re not here for the awards, this type of recognition does help validate that our new approach to how financial crime threats is not only innovative.

Innovation 116

Innovation Compliance Fraud Strategy 116

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. It is obviously in the best interest of an institution, and its customers, to catch as much fraud as possible. Why does model governance matter for fraud?

Fraud 102

Fraud Regulation Compliance Analytics 102

PYMNTS

DECEMBER 8, 2020

Stimulus payments are again in the headlines and on the horizon. But how consumers will get those payments — hundreds of millions of payments, covering hundreds of billions of dollars — well, that’s open to some discussion. Then of course, there was the fraud problem to contend with. That points to the need to go digital.

Payments 183

Payments Fraud Taxes Tools 183

PYMNTS

APRIL 10, 2019

The Association of Financial Professionals released new data this week that revealed the threat of payments fraud continues to climb, particularly for large enterprises, as scams like ACH fraud and the Business Email Compromise climb to record levels. But the latest analysis of U.S. But the latest analysis of U.S.

North Carolina 136

North Carolina Risk Management Leadership Survey 136

PYMNTS

SEPTEMBER 2, 2020

Growth equity firm TCV has acquired spend management tech firm Oversight , according to a press release emailed to PYMNTS, and will help Oversight expand its product innovation for enterprise risk management solutions.

Management 151

Management Risk Management Fraud Innovation 151

FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Synthetic Identities and Application Fraud. Innovative Customer Communications for Fraud. Tue, 07/02/2019 - 02:45. by TJ Horan.

Fraud 52

Fraud Analytics Trends Innovation 52

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). by TJ Horan.

Fraud 52

Fraud Trends South Carolina Risk Management 52

PYMNTS

JULY 23, 2019

In April 2018, the RBI set a six-month deadline for payment firms to comply with data localization. . The Hyderabad center, PayPal’s third technology center in India, will focus on data science, risk management and machine learning to help businesses protect themselves from fraud.

Data 134

Data Fraud Risk Management Google 134

PYMNTS

NOVEMBER 19, 2020

This week’s round-up of the latest innovations in payment rails for B2B payments shows a key focus on real-time transactions and embrace of emerging, faster payment rails. Payments Canada President and CEO Tracey Black said RTR will help both businesses and consumers drive long-term economic growth.

blockchain 260

blockchain Payments Fraud Management 260

PYMNTS

DECEMBER 9, 2020

Managing credit risk used to be a reactive process. Bank customers would fall behind on their payments, and their banks might react by imposing fees or having a case manager work with them to bring their accounts back up to speed. This was not only costly for customers, but also financially dubious for their banks.

How To 245

How To Management Report Strategy 245

PYMNTS

MARCH 14, 2019

Strategic Treasurer and TD Bank found in their survey that the majority of respondents said manual processes are their biggest operational challenges today, more so than issues like fraud, regulatory changes or staffing. Most also said payments management is the most time-consuming process, followed by cash forecasting.

Fraud 115

Fraud Survey Taxes Regulation 115

Insights on Business

AUGUST 6, 2019

Payments modernization initiatives around the globe have long been a topic of huge interest and are at different stages of implementation in different countries. Time and again, it has proven to be a catalyst for transformation that has fueled innovation. Payments modernization has arrived. Tackling the hard realities.

Payments 96

Payments Risk Management Innovation Analytics 96

FICO

MARCH 25, 2022

While it may seem like an esoteric topic, explainability in fraud management is important – and it’s especially relevant when it comes to using AI and machine learning in fraud detection and prevention. In other words, a fraud management system isn’t a black box. Proprietary or shared fraud detection models?

Fraud 52

Fraud Management System Course 52

PYMNTS

OCTOBER 31, 2016

With fraud expected to hit $7.2 billion by 2020, companies — particularly eCommerce retailers — are considering mobile and online innovations in payments and IoT security technology to help thwart cyberattacks. According to LexisNexis research, card-not-present fraud losses alone are forecasted to increase by $3.2

Fraud 100

Fraud Security Retail Mobile 100

Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

Fraud 93

Fraud Training Cards Data 93

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. FedNow: Along with lots of sessions and talk around instant payments and its various use cases.

Conference 221

Conference Las Vegas Fraud Case Study 221

Abrigo

SEPTEMBER 11, 2023

Takeaway 2 AI can lead to more accurate and consistent outputs or predictions, better risk management, and improved customer experiences. But the real lifestyle upgrade came when you had fintechs like Xoom and PayPal that made payments happen in near real-time.

Risk Management 195

Risk Management Data Technology Fintech 195

NCR

AUGUST 10, 2017

This tech-driven transformation of the payments and retail sectors is set to continue, so what impact could the most cutting-edge innovations have in the years to come? Research has suggested that, among some consumers, the appetite is already there for IoT and AI to play a bigger role in commerce and payments. billion by 2025.

Industry 75

Industry Retail Innovation Payments 75

FICO

DECEMBER 4, 2018

I’m excited to announce that FICO has been named as a category leader in the Chartis Financial Crime Risk Management Systems for Enterprise Fraud report. The Chartis report Vendor Analysis: FICO (Financial Crime Risk Management Systems: Enterprise Fraud; Market Update 2018) provides further analysis of FICO’s rating.

Fraud 45

Fraud Risk Management Analytics Analysis 45

PYMNTS

JUNE 9, 2017

In an interview with PYMNTs after a webinar by the pair titled, “Financial Services Innovation — The Risk of New vs. Nothing,” John Epperson, principal at Crowe Horwath LLP, and Jason Henrichs, managing director at FinTech Forge , discussed the challenges and rewards of embracing change, even as firms are mindful of what works.

Innovation 109

Innovation Compliance Technology Data 109

Insights on Business

AUGUST 6, 2019

Payments modernization initiatives around the globe have long been a topic of huge interest and are at different stages of implementation in different countries. Time and again, it has proven to be a catalyst for transformation that has fueled innovation. Payments modernization has arrived. Tackling the hard realities.

Payments 70

Payments Risk Management Innovation Analytics 70

FICO

SEPTEMBER 20, 2022

Fighting Fraud with Responsible AI: My Talk with Dr. Scott Zoldi. FICO fraud expert TJ Horan talks fraud management and responsible AI with FICO's Chief Analytics Officer, Dr. Scott Zoldi. As for me, I’m a software guy and payments professional doing my best to roll with the changes in an ever-shifting fraud landscape.

Fraud 52

Fraud Analytics Strategy System 52