CFPB Monitor

JULY 28, 2022

In October 2021, using its authority under Section 1022 of the Consumer Financial Protection Act (CFPA) to send market monitoring orders, the CFPB requested information from six large technology platforms offering payment services. He identified “preparing for real-time payments” as the CFPB’s “primary focus” in the payments arena.

Regulation 78

Regulation Lending Fraud Meeting 78

FICO

JULY 18, 2022

FICO leverages machine learning (ML) in solutions ranging from fraud detection to marketing. FICO has long-supported financial service institutions in fulfilling their obligations to comply with applicable adverse action notice requirements under regulations such as the Equal Credit Opportunity Act (ECOA). Tue, 07/02/2019 - 02:45.

Analytics 52

Analytics Lending Data Industry 52

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

JUNE 22, 2017

JP Morgan’s fine highlights the broader problem that many global banks had been facing, which was ignoring the warning signings of fraud and money laundering. This tool demonstrates AI’s transformative benefits in anti-money laundering (AML) and fraud detection.

Tools 55

Tools Compliance Innovation social media 55

FICO

AUGUST 15, 2018

Consider the risk modeling scorecard, which has been traditionally lauded by businesses and regulators alike for its predictive capabilities. FICO machine learning capabilities have been around for more than 25 years, initially in fraud and credit risk, and extending to other operational and customer lifecycle use cases.

Analytics 53

Analytics Analysis Data Operations 53

CFPB Monitor

FEBRUARY 8, 2021

Cordray referenced an April 2020 white paper he co-authored that outlined immediate actions the CFPB could take to address the pandemic.) Chopra “his own person” and expects him to take the CFPB in new directions. He expects Mr. Chopra to vigorously pursue ways for the CFPB to support consumers financially injured by the pandemic.

Leadership 78

Leadership Lending Groups Policies 78

FICO

APRIL 8, 2020

The technology available in most smartphones allows quality photographs of documents to be taken to validate identity. If the device profile has also changed, you know there is a potential SIM swap fraud and prevent access or invoke step-up authentication. You should not be processing data you don’t need for your stated intent.

Management 52

Management Examples Meeting Security 52

PYMNTS

APRIL 30, 2018

Now, it’s true that some companies — including some very big names across many important sectors of the economy — are taking measured steps and experimenting with blockchain tech — aka distributed ledger technology (DLT) — in the support of use cases that address tough problems. And to learn. Marketplace Lending.

Fintech 183

Fintech blockchain Lending Digital Banking 183

FICO

JUNE 26, 2018

But the global adoption of such schemes, alongside the problems suffered by early adopters, has turned the focus to real-time payments fraud. As discussed in my earlier post , real-time payments make multiple types of fraud more attractive and enable the fast movement and laundering of criminal proceeds. Who Is Liable?

Fraud 63

Fraud Payments Regulation Customer Experience 63

PYMNTS

MAY 3, 2016

The retail merchant marketplace is an ever-changing landscape — and new technologies and evolving consumer preferences are forcing the space to change faster than ever before. In its latest white paper, titled “Omni-Channel Payments for Merchants: Myth or Reality?,”

Fraud 100

Fraud Retail Compliance Survey 100

FICO

APRIL 19, 2021

And with that comes regulation. While the exact status of regulations is still emerging from the Biden/Harris Administration , one thing is for sure: identification of all parties involved in transactions will reduce the risk of money laundering and other illicit activities. Read FICO’s Crypto AML White Paper.

cryptocurrency 52

cryptocurrency Bitcoin Compliance Resources 52

William Mills

SEPTEMBER 9, 2016

I believe SEC regulations require a company to go public if they have more than 500 shareholders. I like the idea but I am a bit concerned about the potential for fraud from both companies and investors. Addresses compliance, fraud experience and customer experience analytics. Regulated Financial Institution.

social media 40

social media ATM Mobile Customer Experience 40

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. Let’s see if better technology and delivery tools get the idea farther down the road this time. Regulator Award. Not even close. . 2015 Executive Call-out. Dan Schulman, CEO of PayPal.

Community Bank 60

Community Bank Apple Community Technology 60

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet.

Fintech 194

Fintech Community Regional Technology 194