PYMNTS

FEBRUARY 27, 2018

trillion in 2016, but companies aren’t always able to see where their dollars are going. The latest report from eNett International , “ It Pays To Know: Fraud In Travel Payments ,” warns that payments fraud is plaguing the global travel space, though, in this case, the issue is imbedded deep within the travel supply chain itself.

Fraud 104

Fraud Marketing Payments Analysis 104

FICO

FEBRUARY 23, 2022

When it comes to fraud, are people worried about the wrong things? New data suggest that people are concerned about fraud, but one of the biggest threats seems to be flying under the radar, at least for consumers. That threat is fraud scams – tactics and techniques that fraudsters are using to trick people into giving away their money.

Fraud 52

Fraud Survey Customer Experience Retail 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).

Fraud 52

Fraud Survey Cards Customer Experience 52

Celent Banking

APRIL 18, 2016

Celent Model Bank 2016 winners are: Model Bank 2016 Categories. Cash Management and Trade Finance. Security, Fraud, and Risk Management. Celent recognized two companies as Model Bank Vendors for 2016: EdgeVerve Systems. Award Winners. Digital Banking Transformation. Citizens Bank, US. DenizBank, Turkey.

US 100

US Case Study Risk Management America 100

PYMNTS

AUGUST 30, 2019

Today in the payments news roundup, travel technology firm Amadeus is teaming with Visa’s CyberSource to bolster anti-fraud measures for the industry. Amadeus Taps Visa’s CyberSource For SCA Compliance. Travel technology company Amadeus is teaming with Visa’s CyberSource to bolster anti-fraud measures for the travel industry.

social media 101

social media Payments Fraud Taxes 101

PYMNTS

SEPTEMBER 9, 2016

PYMNTS recently spoke with Luis Rojas, vice president of product management for Guardian Analytics , an online banking security firm, about the effect of a faster processing environment, the potential for increased fraud and how to mitigate that risk. The Mountain View, Calif.-based Risky Business.

Fraud 100

Fraud Analytics Data Payments 100

PYMNTS

SEPTEMBER 29, 2020

Jumio said it plans to integrate Beam’s AML screening and transaction monitoring services into its KYX platform to help flag financial crime and streamline regulatory compliance. Another key component of the platform is helping companies manage various KYC and AML regulations in different jurisdictions across the world.

San Francisco 153

San Francisco Compliance Regulation cryptocurrency 153

CFPB Monitor

JULY 6, 2016

In its Summer 2016 Supervisory Highlights , which covers supervision work generally completed between January and April 2016, the CFPB highlights violations found by its examiners involving automobile origination, debt collection, mortgage origination, small-dollar lending, and fair lending. million to more than 257,000 consumers.

Lending 68

Lending Regulation Compliance System 68

FICO

JULY 31, 2019

As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it. The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management. Let’s take a look at these four steps.

Cyber Security 70

Cyber Security Management Security Risk Management 70

FICO

JUNE 15, 2021

All too often, elders today are the targets of residential real estate fraud and scams. Although the laws requiring reporting of financial abuse vary from state to state, the CFPB issued a report in 2016 identifying best practices to assist banks and credit unions with their efforts to prevent abuse. by Darryl Knopp.

Fraud 98

Fraud Capital Marketing Analysis 98

FICO

AUGUST 1, 2018

Luckily, Decision Management (DM) technology has been invented and has come a long way since AC/DC released this epic anthem in 1975. With solutions like the FICO Decision Management Platform (DMP), the journey from novice to rockstar can be faster than a speed metal riff. trillion. Merchant Onboarding: The need for speed.

Management 58

Management DC Examples Customer Experience 58

PYMNTS

OCTOBER 10, 2018

One of the biggest problems with wire, particularly in the B2B payments space, is its target for fraud, and the Federal Bureau of Investigations (FBI) says instances of business wire fraud, commonly referred to as the business email compromise, are climbing. Thieves attempted to steal $5.3

Fraud 116

Fraud Compliance Innovation Payments 116

FICO

MARCH 31, 2016

As FICO’s premiere client conference, FICO World 2016 , heads to the nation’s capital at the end of next month, it is not surprising that regulatory compliance strategies and solutions will be a hot topic of discussion. Model management continues to present financial institutions with new compliance obstacles.

Compliance 40

Compliance DC Washington Regulation 40

PYMNTS

JUNE 15, 2018

In the Middle East , RAK Bank has said it will offer Sage accounting software to business banking customers, in an agreement that helps those firms manage value-added tax (VAT) compliance mandates. Using technology would cut costs that come in tandem with anti-fraud efforts. That number now stands at 8,600 individuals.

Fintech 115

Fintech Compliance Software Taxes 115

PYMNTS

JULY 17, 2019

The second Payment Services Directive ( PSD2 ) groundwork laid out in 2016 is about to come to fruition in a few months – Sept. Firms must soon put more stringent fraud decisioning processes in place, and strong customer authentication (SCA) protocols must be built into checkout flows for online transactions that begin in Europe.

Retail 162

Retail User Experience Compliance Regulation 162

ZootBlog

JANUARY 14, 2016

Over the past several years as banks focused on staying in compliance with myriad new regulations, innovation slowed—nearly to a standstill. In 2016 equilibrium will start to take place as the financial industry embraces the tremendous potential technology holds for them and innovation finds its way back.

Innovation 73

Innovation Industry blockchain Customer Experience 73

PYMNTS

FEBRUARY 6, 2017

But in June 2016, after Bottomline Technologies’ Universal Aggregator service became one of only five FinTechs awarded the “trust mark” certificate, it was granted direct technical access to Faster Payments. The team at NCR showed real partnership in supporting our new designs, and with two U.K.

Payments 100

Payments ATM Technology Analytics 100

PYMNTS

OCTOBER 1, 2018

The SEC found LCA, LendingClub and Laplanche guilty of fraud for improperly using LCA assets to benefit LendingClub Corporation, LCA’s parent company for which Laplanche was both founder and CEO. By using funds managed by LCA to benefit its parent company, LCA and Laplanche failed to do so.”. The SEC Finding.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

NOVEMBER 15, 2018

Opus, the provider of global compliance and risk management solutions, announced Thursday (Nov. the percentage of companies that faced a data breach because of a vendor or third party was higher at 61 percent, which is up 5 percent from last year and 12 percent from 2016. Opus said that in the U.S., Opus said that in the U.S.,

Data 195

Data Risk Management Resources Survey 195

FICO

DECEMBER 21, 2016

That means 2017 should be a risky year from a compliance standpoint. Firms should be investing in new sources of data and data aggregation tools to help improve KYC compliance, onboarding, and customer risk profile monitoring.". Today, it’s really only Tier 1 banks that use analytics in AML, KYC and tax compliance areas.

Compliance 40

Compliance Analytics Taxes Groups 40

PYMNTS

MARCH 26, 2018

Complex tax law has been linked to the rise in eInvoicing in B2B commerce, according to Julie Park, managing director of VAT and customs duty at The VAT Consultancy. Tax fraud is a massive threat of corporates. The publication said VAT fraud costs the EU $1.9 Take the market’s VAT legislation, for example.

Taxes 102

Taxes Fraud Compliance Regulation 102

NCR

NOVEMBER 21, 2016

It’s a regulatory shift that has been described as “ one of the biggest changes that the banking sector has ever faced “ The updated rules will have repercussions including more openness to new players in the payments market, as well as some significant implications in terms of fraud. ” The fraud implications. .

Fraud 40

Fraud Compliance Payments Exercises 40

Gonzobanker

OCTOBER 14, 2016

Compliance vs. Marketing Smack down. Steve Ramirez’s session “What Marketers Need to Know About UDAAP” convinced us that the marketing/compliance conversation isn’t much of a conversation. Marketers largely don’t know how to negotiate with, and/or push back on compliance. Potential for API’s.

Compliance 60

Compliance Conference Fintech Mobile 60

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. Following a joint investigation with U.S.

How To 161

How To Regulation Compliance Meeting 161

FICO

JULY 14, 2016

Is your company seeing great success using analytics and decision management? We're looking for success stories for the 2016 FICO Decisions Awards. Jim Bander, national manager, Decision Science, Toyota Financial Services (2015 winner). research director, Compliance, Fraud and Risk Analytics, IDC – Financial Insights.

Analytics 40

Analytics Conference Compliance Fraud 40

PYMNTS

DECEMBER 8, 2016

businesses are attracted to digital invoicing for a slew of financial benefits: faster, more efficient accounts payable and reconciliation processes, a reduction in the threat of errors due to manual data entry and ability to capture early payment discounts thanks to an accelerated invoice management process. In the U.S., Still, U.S.

Compliance 100

Compliance Regulation Taxes Fraud 100

PYMNTS

JANUARY 20, 2017

The idea, which came to light in summer 2016, has received $1.1 Identify fraud and compliance management, like KYC and AML, are also high-value propositions for the tool. Backers of the initiative include Edway Group Ltd., ChronoBank.io wants to create a system for employers to access and rank potential employees.

blockchain 100

blockchain Tools Capital Bitcoin 100

Celent Banking

JUNE 8, 2016

They find them a helpful tool to reduce fraud, reduce false positives (i.e. Effective October 14, 2016, Visa is mandating all the US issuers to offer their cardholders an option to enroll into transaction alerts. Quite a few issuers around the world already offer transaction alerts to their cardholders.

Cards 100

Cards Branding US Mobile 100

William Mills

SEPTEMBER 9, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. I like the idea but I am a bit concerned about the potential for fraud from both companies and investors. Demo: Customer Insight Dashboard for Regional Manager who can view their forward looking metrics such as customer attrition and look forward several quarters.

social media 40

social media ATM Mobile Customer Experience 40

PYMNTS

SEPTEMBER 19, 2017

The latest report from Finastra , the FinTech conglomerate recently formed through the merger of Misys and D+H, and financial research firm Celent finds that banks are poised to see a 4 percent growth rate in corporate banking revenue through 2020, double the growth rate seen between 2010 and 2016.

Innovation 108

Innovation Survey blockchain Lending 108

William Mills

MAY 11, 2016

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 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 Use the blockchain to manage identity, that’s one of the aims of DigiByte.

Video 40

Video Lending social media Analytics 40

William Mills

MAY 10, 2016

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 2016. One use case is to use a bot, via text messaging, to help customers when they have potential credit card fraud. There is a growing focus on customer experience and related compliance issues. Check back for new updates throughout the day.

San Jose 40

San Jose Customer Experience Mobile social media 40

William Mills

MAY 11, 2016

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 2016. CreditHQ helps businesses manage cashflow. Managing cash flow – targeted at small business in partnership with banks. ^KT. Here’s another solution for document management and origination. ^SR. David Carr (Innovation Manager).

Video 40

Video Mobile social media Analytics 40

Accenture

JULY 19, 2017

Circulated in draft in 2016 for consultation, the EBA published its final draft in February 2017, followed by amendments requested by the European Commission, subsequently rejected by the EBA in June 2017. Implement an API management system and publish APIs.

Security 174

Security Online Compliance Fraud 174

FICO

JULY 5, 2017

We're looking for companies that are achieving outstanding success using FICO analytics and decision management solutions. Customer Onboarding and Management. Debt Management. Decision Management Innovation. Fraud Control. Regulatory Compliance. Julie Conroy, Research Director, Aite Group.

Analytics 40

Analytics Miami Conference Innovation 40

PYMNTS

FEBRUARY 28, 2018

Being a program manager means handling everything other than card issuing, authorization and transaction processing. That includes anti-money laundering (AML) compliance, know your customer (KYC), fraud mitigation, marketing, privacy, document review, Office of Foreign Assets Control (OFAC) compliance, reporting and more.

blockchain 100

blockchain System cryptocurrency Regional 100

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