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 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. The Palo Alto-based firm on Tuesday (Sept. The announcement comes on the heels of Jumio’s Sept.

San Francisco 153

San Francisco Compliance Regulation cryptocurrency 153

PYMNTS

DECEMBER 14, 2016

In a press release, Socure said it will use the capital to scale operations, accommodating the 300 percent growth it has seen in 2016. Socure ’s mission is to assist companies of all sizes in adapting their protection to meet the ever-evolving nature of fraud.

Fraud 100

Fraud Compliance Capital Leadership 100

Abrigo

JULY 17, 2019

Cybercrime is on the rise within financial institutions and other businesses and continues to be at the forefront of the minds of those in the fraud prevention field. Although not all of the following types of fraud are fully internet-based, the IC3 statistics represent the cybercrime side of these crimes.

Fraud 150

Fraud Training Software System 150

PYMNTS

MARCH 18, 2019

FIs that fail to catch illicit activities miss opportunities to hamstring such operations and unwittingly help fund them. Worldwide, banks paid out approximately $321 billion between 2009 and 2016, for example, because they failed to comply with money laundering, terrorist financing and other regulations. .

Compliance 181

Compliance Regulation Chicago Tools 181

PYMNTS

AUGUST 25, 2016

To attend this live digital discussion on Wednesday, September 21, 2016 at 1:00 PM (EST), please complete the registration form shown below: [contact-form-7]. For more than a decade, Rich has been involved in developing fraud mitigation, compliance and Big Data strategies.

Compliance 100

Compliance Fraud Big Data Innovation 100

William Mills

FEBRUARY 9, 2016

Every area of the FI needs to consider how to make better decisions, improve services, make faster decisions, address compliance, use data, market services, increase efficiency, reduce fraud and so on, all while doing more with less and typically having less face-time with customers. Click here to download.

Innovation 41

Innovation Compliance Fraud Data 41

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

DECEMBER 26, 2018

and China, local Chinese vendors operating in Yiwu International Trade City are upbeat about 2019. Morgan Stanley Fined By FINRA For Compliance Lapses. The firm agreed to pay $10 million after FINRA contended it had lapses in compliance for more than five years from January of 2001 until April of 2016.

Compliance 108

Compliance cryptocurrency Regulation Security 108

PYMNTS

APRIL 10, 2019

Bittrex was ordered to stop operating in New York and close shop within 60 days. Corporate responsibility is in our DNA and our commitment to regulatory and compliance guidelines is second to none,” Bittrex said. He was arrested in 2016 and pleaded guilty to money laundering and access device fraud on June 27, 2017.

Bitcoin 116

Bitcoin New York cryptocurrency United States 116

PYMNTS

MARCH 26, 2018

Tax fraud is a massive threat of corporates. Reports in Bloomberg last year said Amazon and eBay are facing criticism for their inability to remove sellers from their platform that have been found guilty of VAT fraud or error in the EU. The publication said VAT fraud costs the EU $1.9 billion every year. billion every year.

Taxes 102

Taxes Fraud Compliance Regulation 102

PYMNTS

MAY 5, 2017

The news of the Sabre breach investigation comes just a few days after omnichannel tech and operations company Radial released some alarming new fraud insights from the retail space which should work to further fan the fire beneath cybersecurity and authentication initiatives for businesses operating online.

Cards 113

Cards Fraud Security Retail 113

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. Zenefits skirts compliance regulations. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. Table of contents.

Fraud 78

Fraud Las Vegas Company Video 78

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. The build-back from the revelations of 2016 was a bit more of a lengthy process. The SEC Finding. The Rundown on the Run-up to the Decisions.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

JANUARY 31, 2019

The con man pleaded guilty to misrepresenting his company in 2016, then later withdrew his plea and disappeared while on pre-trial release. These bad actors often make off with investment funds for personal benefit or funnel them into illegal operations. attorney Ryan Raybould.

Tennessee 108

Tennessee social media Fraud Guidelines 108

PYMNTS

DECEMBER 8, 2016

Not so for other parts of the world: Government mandates are looking to reduce corruption and fraud and enhance reporting capabilities through eInvoicing requirements. In Europe, analysts at the Organization for Economic Cooperation and Development found that eInvoice mandates are helping Europe to promote tax compliance and detect fraud.

Compliance 100

Compliance Regulation Taxes Fraud 100

William Mills

SEPTEMBER 7, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. 09:47 am Finovate Fall 2016 Day 1 Recap. End of Day 1, check back later today for our video recap of Finovate Fall 2016! Andrew just needs to review the account and forward on to compliance for their review. Check back for new updates throughout the day.

Mobile 40

Mobile Cards Fraud Data 40

PYMNTS

JUNE 27, 2017

So we also added a new focus: applying document and artificial intelligence/machine learning to develop enterprise-class solutions for identity verification in digital channels that meet the market need for a great user experience, risk mitigation and regulatory compliance. billion in 2016, according to Javelin.

Innovation 145

Innovation System Mobile Trends 145

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

PYMNTS

DECEMBER 28, 2016

2016, it’s no wonder that payments is an integral part of the company’s operations. Esposito said that, with payments being such a critical part of marketplaces, he wanted to make sure, even before taking the job with Etsy, that payments wasn’t just a back-office operation and that it would be a strategic part of the company.

Payments 104

Payments Fraud Innovation Online 104

Gonzobanker

OCTOBER 24, 2018

If bankers still feel a “family” affinity to Wells, let’s look at a timeline since 2016 well documented by Yahoo! Finance and CNN : September 2016 – In the ultimate cross-sale, Wells Fargo created two million bogus accounts without customer consent. Admittedly, it is a way to keep the branch staff busy.)

San Francisco 143

San Francisco Industry America Compliance 143

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. Addresses compliance, fraud experience and customer experience analytics. We are launching a pilot for the 2016-17 Australian grains harvest.

social media 40

social media ATM Mobile Customer Experience 40

PYMNTS

MAY 12, 2017

The cross-border B2B payments market, on the other hand, is fraught with friction, despite being much larger in size — accounting for nearly 80 percent of global cross-border payment revenue, according to a 2016 report by McKinsey & Company. To keep up, businesses need to focus on three pillars of compliance, Laven said.

Payments 109

Payments Compliance Guidelines Comparison 109

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 This is a very sophisticated fraud detection technology! ^SR. This is great.

Video 40

Video Lending social media Analytics 40

William Mills

MAY 11, 2016

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 2016. Diana Chin (HR & Operations). Started talking about the challenge of having to change credit cards all the time (due to fraud). Helps with mobile onboarding and anti-money laundering compliance. ^SR. Virtual reality?

Video 40

Video Mobile social media Analytics 40

PYMNTS

JUNE 12, 2017

Their 2017 survey contains data points that all point to one conclusion: Companies are forced to reshape their payment strategies thanks to a combination of factors, including the rising threat of payments fraud, increased globalization and high payment volumes. But how businesses reshape their payment practices varies. Payments Rails.

Fintech 150

Fintech Survey Cards Payments 150

PYMNTS

FEBRUARY 13, 2018

A chief financial officer and his or her team can not only spend hours managing B2B payment operations, but employees can also introduce risk into every step along the way. It is quite clear that it’s time for the payables operation to take advantage of automation,” said Oren Zeev, founding partner of ?Zeev Early Payments.

Branding 103

Branding Payments Operations Resources 103

PYMNTS

JANUARY 31, 2017

“As the market and regulatory environments have evolved in recent years, active treasury management has emerged as a best practice that is integral to operational efficiency, regulatory compliance and, for those who manage it effectively, an additional source of alpha.”.

Strategy 100

Strategy Management Regulation Analytics 100

PYMNTS

FEBRUARY 21, 2018

If the startling indictments from Special Counsel Robert Mueller ’s probe into Russian meddling into the 2016 elections show one thing in the payments world, it is this: It can be easy to open a bank account. At least it seemed so for the Russian operatives named in the indictment, who traipsed somehow or other into the realm of U.S.

Compliance 101

Compliance social media System Online 101

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

PYMNTS

JANUARY 26, 2017

The good news is that risk and compliance solutions work. As payments and commerce increasingly move online, the industry has focused heavily on creating powerful risk and compliance solutions to stave off illicit activities. G2 found a criminal network operating illegal online pharmacies in Europe.

Bitcoin 100

Bitcoin cryptocurrency Compliance Branding 100

CFPB Monitor

SEPTEMBER 12, 2019

The Bureau expresses its agreement with commenters on its sandbox proposal “that the present lack of an interpretive letter or advisory opinion program represents a gap in the Bureau’s plans for providing compliance assistance to stakeholders under the Federal consumer financial laws.” Product Sandbox. NAL Policy.

Policies 60

Policies Compliance Regulation South Carolina 60

BankUnderground

JUNE 25, 2020

First, global financial services firms maintain central hubs for storing and analysing data generated by their cross-country operations. In some cases, firms ‘insource’ these functions to intra-group entities operating in lower-cost jurisdictions. . This has been driven by three factors. 15 of this report ).

Data 110

Data Big Data Regulation Risk Management 110

FICO

JULY 31, 2019

These steps can help businesses in the US and other countries not only meet regulatory compliance requirements but ensure they understand and can manage the risk of their vendor and partner networks. Where does the vendor operate (e.g., Would there be compliance exposure in the event of a breach at the supplier? regions, cloud)?

Cyber Security 70

Cyber Security Management Security Risk Management 70

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. Sigma aims to streamline business operations. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items.

Online 98

Online Company Retail Payments 98

Fintech Labs Insights

FEBRUARY 21, 2017

Today’s funds come from Madrid-based Mundi Ventures, a technology-focused VC firm that also operates in Barcelona, London, and Seattle. The movie-like playback gives banks an auditable record for compliance purposes. At FinovateFall 2016, the company showcased its regulatory compliance tool that facilitates client communication.

social media 15

social media Seattle Compliance User Experience 15

Fintech Labs Insights

JUNE 22, 2016

Operational Risk Magazine names Clari5 from CustomerXPs Best Fraud Detection Product at the 2016 OpRisk Awards. Thomson Reuters unveils compliance solution, Checkpoint State Clear Comply. On Finovate.com. Banking CIO Outlook names Tyfone a Top 10 Mobile Banking Solution Provider for second year in a row.

Compliance 17

Compliance Fraud Innovation Fintech 17