PYMNTS

SEPTEMBER 9, 2016

With the Same Day ACH rollout coming in just two weeks and other faster payments initiatives taking off, financial institutions are taking significant steps to ensure the transition to a faster processing environment, including improving their payment security platforms to keep fraudsters at bay. The Mountain View, Calif.-based

Fraud 100

Fraud Analytics Data Payments 100

PYMNTS

NOVEMBER 10, 2016

The consultant, François de Combret, is a former Lazard Frères managing director who was close to senior government officials in Guinea, the paper reported. Securities and Exchange Commission, the U.K.’s s Serious Fraud Office and the Australian Securities and Investment Commission, to the emails. as well as the U.S.

Payments 115

Payments Fraud Security Groups 115

PYMNTS

JULY 11, 2018

Falkowski was sentenced to 30 months in a federal prison for being the brains behind a $1 million fraud scam. To protect himself, he created faulty invoices to trick QVC into paying for his fraud. The fraud happened from 2008 until he was fired in 2013, noted the report. QVC former director James D.

Company 102

Company New York City Fraud Retail 102

PYMNTS

NOVEMBER 28, 2019

The transactions were carried out via 194 SEB accounts including around 475 million Swedish crowns ($49 million) connected to the so-called Magnitsky affair, named after Russian lawyer Sergei Magnitsky, who was arrested in 2008 after accusing Russian official of tax fraud.

Taxes 108

Taxes Fraud Report US 108

PYMNTS

SEPTEMBER 12, 2019

The latest AMC/KYC Tracker examines current efforts to stop money laundering, fight fraud and improve customer identity authentication in the financial services space. Between 2008 and 2018, approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance. The Cost of Compliance.

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

PYMNTS

JANUARY 23, 2020

People facing charges include former community bank manager Carrie Tolstedt, former chief administrative officer Hope Hardison and former chief auditor David Julian, the sources told Bloomberg. The incident was among the biggest scandals in the banking industry since the 2008 crisis. Aside from the OCC’s probe, the U.S.

Regulation 131

Regulation Community Bank Community Security 131

PYMNTS

FEBRUARY 4, 2019

Banks, credit unions and other financial institutions have a significant responsibility, one that goes far beyond managing customers’ financial assets: They’re tasked with safeguarding the financial services ecosystem against bad actors, money launderers and other criminals.

How To 161

How To Regulation Compliance Meeting 161

NCR

MARCH 16, 2017

The growth of EMV technology around the world is perhaps one of the biggest steps the industry as a whole has taken to tackle fraud. Of this, less than a tenth of fraud actually occurred in Canada itself, which the organization credited largely to the completion of the migration to EMV technology that started back in 2008.

CA 49

CA Fraud ATM Cards 49

PYMNTS

OCTOBER 1, 2018

Both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have officially ended a two-year investigation of LendingClub, its subsidiary LC Advisors (LCA), its founder and former CEO Renaud Laplanche and its former CFO Carrie Dolan. On Friday (Sept. The SEC Finding.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

APRIL 6, 2017

And that for far too long, more focus has been placed on password security and management — accessing information — rather than on the effective protection of digital identities — making sure that only the people who should have access to data or systems, get it. And not to mention the most secure.

Security 120

Security Management System Online 120

Insights on Business

SEPTEMBER 12, 2018

If there is fraud on your account, your financial institution will make you whole, as long as you were not negligent and make them aware of the incident in a reasonable time frame. The initial response to fraud in the UK was to lower payment thresholds so much that the system was rendered virtually useless.

Payments 96

Payments Las Vegas Los Angeles Fraud 96

PYMNTS

JULY 2, 2019

The 2008 global financial crisis forced traditional banks to pull back from small businesses (SMBs) considered too risky and unprofitable to finance, leaving a gap in the market for alternative lenders and FinTech firms to fill.

Fintech 125

Fintech Resources Capital Trends 125

Fintech Labs Insights

APRIL 12, 2024

I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

MAY 29, 2020

How are CUs utilizing videoconferencing capabilities on interactive teller machines (ITMs) to maintain their branch operations during the pandemic, and how is biometric technology helping them offer more secure, quicker and touchless ATM services? Consumers expect secure and fast access to digital tools.

Maine 130

Maine ATM Innovation Millennials 130

Insights on Business

SEPTEMBER 12, 2018

If there is fraud on your account, your financial institution will make you whole, as long as you were not negligent and make them aware of the incident in a reasonable time frame. The initial response to fraud in the UK was to lower payment thresholds so much that the system was rendered virtually useless.

Payments 70

Payments Las Vegas Los Angeles Fraud 70

FICO

NOVEMBER 1, 2022

Application Fraud – Does Canada Need a New Approach? FICO’s Fraud, Identity and Digital Banking Survey 2022 shows that customers in Canada want slick onboarding processes, where fraud controls work but don’t delay account opening. And what does that mean for the future of your fraud management solutions?

Fraud 52

Fraud Survey Customer Experience Data 52

PYMNTS

JANUARY 30, 2017

For example, during the 2008 recession, when many builders went back to their roots as carpenters or other individual craftsmen, Buildertrend expanded the scope of its platform to support more of these use cases. We feel very comfortable with the security measures that we’ve taken alongside our partners,” he said. “We

Trends 100

Trends Payments Software Technology 100

NCR

APRIL 12, 2016

Perhaps the biggest shift has been in the fraud space. Mr Koch said: “Chip and PIN was introduced a decade ago to combat the rising levels of counterfeit and stolen card fraud in the UK. Counterfeit card fraud losses duly tumbled, down £81.9 million a year between 2004 and 2014.

Fraud 40

Fraud Cards Payments Industry 40

BankUnderground

JUNE 25, 2020

They maintain data centres in these hubs in order to store and process it in a consistent and secure way, and have it analysed by specialist teams. For example, cost savings from locating data management functions in jurisdictions with comparative advantages in them may be passed on to consumers in the form of lower cost financial services.

Data 105

Data Big Data Regulation Risk Management 105

Fintech Labs Insights

DECEMBER 20, 2016

And once a company is able to tell good users from bad, he said, “all the other technological attacks that are available, such as identity theft, account takeover, new account fraud … become very easy to deal within this framework.”

Security 12

Security Fraud Risk Management Technology 12

FICO

JUNE 22, 2017

At the time, Madoff had been running an elaborate Ponzi scheme through the wealth management arm of his business that reached $65 million by the time of his arrest in 2008, deliberately hiding the money intricately within the financial system. billion in 2014.

Tools 55

Tools Compliance Innovation social media 55

CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. Some companies just push their luck a little too far. Total Funding: $1.1B.

Fraud 78

Fraud Las Vegas Company Video 78

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. Stripe Connect and billing services help companies manage marketplaces, subscriptions. Stripe Billing optimizes subscription and invoice management. Source: Finix.

Online 98

Online Company Retail Payments 98

Jeff For Banks

DECEMBER 12, 2015

Aside from interest rate risk, vendor management is high on the list. If looking for a FinTech (seven) partner, follow your vendor management procedures. But among robo advisors, Betterment is emerging as the top FinTech (eight) startup, having opened it's virtual doors in 2008. Perhaps I should have mentioned blockchain.

Fintech 60

Fintech Capital Cards Bitcoin 60

CB Insights

OCTOBER 26, 2020

In the world of asset management, the biggest players are now dedicated firms like Vanguard. Total assets under management (AUM) at the top asset managers now dwarfs total AUM at the top banks. The disruption of asset management. Task management platform Asana went public via DPO in September 2020.

Management 78

Management Capital Company Marketing 78

Fintech Labs Insights

APRIL 27, 2016

Fintech Leader of the Year: Zopa Executive Chairman and Co-Founder, Giles Andrews – FinovateSpring 2008. ” Innovation in Cyber Security / Anti-Fraud: Global Gateway by Trulioo – FinovateFall 2015. ” Innovation in Cyber Security / Anti-Fraud: Global Gateway by Trulioo – FinovateFall 2015.

Innovation 12

Innovation Fintech San Jose Cyber Security 12

Fintech Labs Insights

JUNE 25, 2015

And there are few fintech success stories bigger than 2008 alum, Credit Karma , which scored $175 million this week at a reported $3.5 Payments risk & compliance management. Tax & accounting practice management. Fraud detection. Online investment manager. billion valuation. Source: The Oregonian.

Puerto Rico 12

Puerto Rico St. Louis Fintech Company 12

Fintech Labs Insights

SEPTEMBER 8, 2015

But in the aftermath of the 2008-to-2012 downturn and all the negative press about the “credit crunch” (both real and imagined), business owners are less confident that their bank will come through for them when they need it. Security and transaction alerts. Fraud loss guarantee for first $5,000, then $x/mo per $10,000.

Strategy 12

Strategy Fraud Security Community Bank 12

William Mills

MAY 11, 2016

CreditHQ helps businesses manage cashflow. Managing cash flow – targeted at small business in partnership with banks. Here’s another solution for document management and origination. ^SR. It’s all done through the smartphone, with bank-level security. ChipShield also has an integrated password management vault.

Video 40

Video Mobile social media Analytics 40

Abrigo

DECEMBER 19, 2019

In 2008, there were 7,061 FDIC-insured commercial banks in the U.S. Mergers become a more viable option for smaller banks struggling to secure more deposits. Many legacy companies] are often simply ill-prepared to develop new products and services in the midst of uncertainty,” said MIT Sloan Management Research. Fraud Trends.

Lending 195

Lending Fraud Community FDIC 195

William Mills

MAY 11, 2016

This approach makes a lot of sense– but not sure if it would meet the governance and compliance considerations of most banks and investment management firms. ^SR 01:08 pm NuData Security – @NuDataSecurity – [link]. Formed in 2008; is the connection to a web site a human or a bot? FundManger.io Solutions).

Video 40

Video Lending social media Analytics 40

Banking 2020

JUNE 11, 2015

EMV is intended to replace the magnetic stripe with a more secure chip-based technology. PIN authentication is the most effective approach to maximize fraud protection, however, the authentication method is up to the credit card issuing bank. However, fraud prevention comes at a price. Business Impacts: Card-Present Businesses.

Cards 40

Cards Fraud System Security 40

CB Insights

SEPTEMBER 10, 2019

Download the free report to find out how fintech is shaping the future of wealth management and investing. As millennials head deeper into adulthood and make more money, the personal finance space is adapting to their unique money management attitudes in a few key ways: From in-person to online. It acquired 1.5M

Millennials 77

Millennials Mobile Lending Cards 77

FICO

APRIL 17, 2021

It’s just part of the company’s DNA, a culture that attracts people who live for mathematics, analytics , simulation , optimization , decision modeling , and decision management. Margin Call is based on the 2007-2008 financial crisis. In the film, volatility levels in mortgage-backed securities are exceeding historical levels.

Data 139

Data Analytics Management Meeting 139

FICO

JANUARY 18, 2023

These factors and others led our experts in debt collection to address ways that lenders can manage the rising number of people in the collections queue. Such cases might include employees, deceased customers, fraud, first-payment defaulters or customers without valid contact data. Digital Debt Collection and Early Collections.

Strategy 52

Strategy Analytics Data Resources 52

CB Insights

JUNE 6, 2019

But what Solyndra’s investors and the government didn’t see — or didn’t understand the importance of — was that the price of polysilicon was on the decline as early as 2008. By December 2011, it was under $30/kg. The price collapse of competitor material polysilicon destroyed Solyndra’s value proposition.

Apple 78

Apple Branding Google Company 78

Fintech Labs Insights

OCTOBER 9, 2014

On Wednesday, fintech ruled the Hunt again, with new security-minded credit card, Final , gaining more than 900 upvotes, 600 more than the next closest newcomer, Clearbit. The card is upping the security ante by incorporating easy-to-use disposable (aka temporary) card numbers for ecommerce (card not present). What is Final?

Cards 25

Cards social media Security Fraud 25