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). a biometric).

Fraud 52

Fraud Survey Cards Customer Experience 52

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

PYMNTS

MARCH 18, 2016

” Innovation Project 2016 — where hundreds of leaders across the payments, commerce, tech and security ecosystems joined together under one roof with one mission: navigating the balance between the leading and the bleeding edge. “If you don’t disrupt yourself, someone else will.” So, how did Day 2 end up?

Innovation 100

Innovation Security Industry blockchain 100

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

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

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

FEBRUARY 4, 2019

A series of regulations was established to encourage a safer, more transparent financial services environment following the 2008 financial crisis. Failure to meet AML/KYC requirement challenges can be costly for FIs, too, with regulators issuing heavy fines for lax security practices or failure to devote sufficient resources to oversight.

How To 161

How To Regulation Compliance Meeting 161

FICO

MARCH 31, 2016

During this period of Congressional gridlock, much of the activity in Washington DC impacting the financial services industry remains focused on the development and implementation of new regulations. Here’s a very brief overview of what we’ll cover: Stress testing is a key area of emphasis for regulators around the globe.

Compliance 40

Compliance DC Washington Regulation 40

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. company looking to do work abroad, it means you can’t ignore these various regulations, either. And if you’re a U.S. In the U.S., “Ironically, the U.S.

Compliance 100

Compliance Regulation Taxes Fraud 100

PYMNTS

DECEMBER 26, 2018

The Securities and Exchange Commission and various state regulators have been investigating more than 90 cryptocurrency cases in which investors lost money. Morgan Stanley Fined By FINRA For Compliance Lapses. India Targets eCommerce Sites With New Rules.

Compliance 108

Compliance cryptocurrency Regulation Security 108

PYMNTS

DECEMBER 29, 2016

In a recent interview with PYMNTS, Mike Galarza, founder and CEO of AP automation firm Entryless, touted 2016 as the year that corporates stopped relying on banks. “As Fraud Prevention Remains Paramount. The list of cyberattacks on banks from 2016 is long. FinTech Continues Its Disruption.

Security 181

Security Fintech Boston Fraud 181

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

FICO

DECEMBER 21, 2016

That means 2017 should be a risky year from a compliance standpoint. To help in those efforts, regulators are requiring firms to improve their KYC programs with more detailed data and advanced analytics. Today, it’s really only Tier 1 banks that use analytics in AML, KYC and tax compliance areas. We expect that to change.

Compliance 40

Compliance Analytics Taxes Groups 40

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

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

PYMNTS

MAY 19, 2017

On top of the risks of invoice and payment fraud when dealing with unfamiliar organizations, businesses risk compliance with local regulations when dealing with new partners internationally. Process compliance and visibility are key elements of Basware’s solution.

Data 100

Data Big Data Compliance Fraud 100

Abrigo

AUGUST 6, 2019

At the recent NYU Law Program on Corporate Compliance and Enforcement , FinCEN Director Kenneth A. Like other FinCEN advisories, they contain common typologies, red flags to look for, and guidance on complying with FinCEN regulations to address those threats and vulnerabilities.

System 264

System Las Vegas San Antonio San Diego 264

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

Gonzobanker

OCTOBER 24, 2018

Name the rule, reg or newly formed regulator, and the common bond is that they were all born out of bankers not policing their own industry. If bankers still feel a “family” affinity to Wells, let’s look at a timeline since 2016 well documented by Yahoo! Dodd-Frank. Admittedly, it is a way to keep the branch staff busy.)

San Francisco 143

San Francisco Industry America Compliance 143

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

FICO

JULY 14, 2016

We're looking for success stories for the 2016 FICO Decisions Awards. Awards will be presented in six categories: Analytic Excellence , Customer Onboarding and Management , Debt Management , Decision Management Innovation , Fraud Control and Regulatory Compliance. Dr. Dalvinder Singh, editor, Financial Regulation International.

Analytics 40

Analytics Conference Compliance Fraud 40

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. They’re on the hook with regulators should something go wrong, after all. attorney Ryan Raybould. The stakes are high, Couture said.

Tennessee 108

Tennessee social media Fraud Guidelines 108

William Mills

SEPTEMBER 9, 2016

William Mills Agency will be live blogging at Finovate Fall 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. Regulated Financial Institution.

social media 40

social media ATM Mobile Customer Experience 40

PYMNTS

JUNE 26, 2018

GDPR , the European Union’s new General Data Protection Regulation, went into effect in May and is at the top of the to-do list for many, with 40 percent calling it a top time-consumer. As for cyber-political influence, more than half of respondents believed that Russian cyber initiatives heavily impacted the outcome of the 2016 U.S.

cryptocurrency 125

cryptocurrency Data Security Survey 125

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

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. However, PSD2 compliance is independent of these challenges, which do not impact the need to be compliant in January 2018.

Security 174

Security Online Compliance Fraud 174

CFPB Monitor

SEPTEMBER 12, 2019

In addition, the CFPB has announced the creation of the American Financial Innovation Network (ACFIN) to facilitate coordination between the CFPB, other federal regulators, and state regulators and the CFPB’s issuance of the first NAL under the revised NAL Policy. Product Sandbox. NAL Policy.

Policies 60

Policies Compliance Regulation South Carolina 60

CFPB Monitor

MARCH 24, 2016

The CFPB’s press release describes the recommendations as “an extensive set of voluntary best practices” and, in his prepared remarks , Director Cordray stated that the recommendations “are not binding regulations; they are simply suggestions we urge institutions to consider in serving their customers.”

Report 60

Report Compliance Regulation Training 60

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. Madhu said that there are notable differences in the verification and compliance processes in banking here and abroad.

Compliance 101

Compliance social media System Online 101

PYMNTS

FEBRUARY 28, 2018

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. Jewel Paymentech extended one of its existing products, One Sentry Marketplace, in 2016 to help address these issues.

blockchain 100

blockchain System cryptocurrency Regional 100

BankUnderground

JUNE 25, 2020

Broadly, the Bank of England receives two main types of quantitative data from regulated firms. Second, and separately, regulators also have access to more granular data on specific types of financial agreements and transactions. A McKinsey report in 2016 estimated that the flow of data across borders contributed $2.8

Data 113

Data Big Data Regulation Risk Management 113

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. In 2016, we found it on 11 percent of violating sites.”.

Bitcoin 100

Bitcoin cryptocurrency Compliance Branding 100

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

JUNE 28, 2016

Peter Galvin, Thales’ VP of strategy and marketing, said that the number of companies reporting extensive use of encryption increased by 7 percent in the 2016 study, increasing to 41 percent – the largest increase the report has seen.

Security 109

Security Study Data Management 109

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

Fintech Labs Insights

AUGUST 4, 2016

A look at the companies demoing live to 1,500+ fintech professionals on September 8 & 9, 2016. Qumram creates an indisputable audit trail of all digital activity (web, social, mobile), that satisfies financial services regulators including SEC, Department of Labor, EU MIFID-II, and more. Register today. . Why it’s great.

Video 12

Video Customer Experience America Compliance 12

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. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items. Funding, valuation, and investors. Leadership and board members.

Online 98

Online Company Retail Payments 98