PYMNTS

MARCH 14, 2019

Both corporates and banks have said Know Your Customer ( KYC ) regulations are their most pressing compliance concerns, with nearly three-quarters of businesses with more than $1 billion in revenues pointing to KYC as their top challenge. and challenging monetary policy, which contributed to an overall decline in corporate confidence.

Fraud 115

Fraud Survey Taxes Regulation 115

FICO

OCTOBER 1, 2018

Companies that are achieving outstanding results using analytics and decision management solutions from FICO are invited to submit nominations for the 2018 FICO® Decisions Awards. The post FICO Decisions Awards 2018 Now Open appeared first on FICO. Tanya Andreasyan , editor at Banking Technology. Anna Milne , editor at Finextra.

Analytics 40

Analytics Conference Compliance Innovation 40

William Mills

FEBRUARY 22, 2018

Bankers as Buyers explores what banks will likely invest in this year and provides ideas and concepts from leading industry analysts, banking consultants and financial technology professionals on the top trends impacting the financial industry in 2018, including: Mobile Developments. Future Innovations.

Millennials 40

Millennials Digital Strategies Fraud Mobile 40

William Mills

JANUARY 25, 2018

William Mills Agency, the largest independent public relations and content marketing firm specializing in the financial industry, released its 15th annual financial services industry report, Bankers As Buyers 2018 today. Fraud Prevention. Compliance. Future Innovations. The report’s table of contents. Introduction.

Report 40

Report Technology Innovation Atlanta 40

Insights on Business

DECEMBER 6, 2018

In the emerging world of person-to-person (P2P) payments, establishing a frictionless (and “ fraud-less” ) experience is even more critical, since a bad experience early in the transaction will lead consumers to the many competitive alternatives in the market. Fraud prevention: The first line of defense.

Fraud 79

Fraud Payments Security Technology 79

PYMNTS

JANUARY 22, 2020

Lerdal was vice president of fraud operations and compliance for PULSE. He was instrumental in leading the enhancement of PULSE’s DebitProtect fraud-detection service. In November, PULSE said it adopted the FICO Falcon Platform to bring new and innovative fraud detection services to its network of more than 4,100 debit issuers.

Operations 131

Operations Management ATM Fraud 131

PYMNTS

JANUARY 22, 2020

Lerdal was vice president of fraud operations and compliance for PULSE. He was instrumental in leading the enhancement of PULSE’s DebitProtect fraud-detection service. In November, PULSE said it adopted the FICO Falcon Platform to bring new and innovative fraud detection services to its network of more than 4,100 debit issuers.

ATM 130

ATM Operations Management Fraud 130

PYMNTS

JANUARY 29, 2020

A significant number of firms — notably small- to medium-sized businesses (SMBs) — still use such systems, as 25 percent of smaller firms stated in 2018 that their payroll involved pen-and-paper methods. A 2018 report found that 21 percent of the fraud SMBs see is expense reimbursement fraud from their own employees.

Taxes 141

Taxes Fraud Tools System 141

Insights on Business

AUGUST 10, 2018

Given IBM’s experiences helping clients accelerate their digital transformation journey with Cloud and AI, we’re particularly excited that “Enabling the digital economy” is the Sibos 2018 conference theme. IBM at Sibos 2018. Stay tuned for more blogs on Sibos 2018! Using IBM QRadar Advisor with Watson, Cargills Bank Ltd.

Conference 70

Conference Regional Examples Payments 70

Abrigo

MARCH 7, 2022

The world of FinCrime is more dynamic than ever, with fraud escalating thanks to an increase in mobile payments precipitated by the pandemic and security concerns rising over the Russian conflict in Ukraine. Takeaway 3 Financial institutions should review the common AML program deficiencies and address issues before their next audit or exam.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

FICO

FEBRUARY 18, 2020

But has this shift in consumer habits created a growing rideshare fraud problem? By 2018, we have seen players such as Uber and Lyft, which dominate the rideshare industry, reach 90% of card-not-present payments in the Taxicab/Limo service category in the US. Fighting Back Against TNC and CNP Fraud.

Fraud 52

Fraud Cards US Regional 52

FICO

DECEMBER 14, 2021

But European fraud and financial crime have continued to evolve. In the UK, Action Fraud reported several hundreds of cases of people receiving emails claiming to be from the NHS, offering them a vaccine passport, prompting them to click on a link and input their personal and financial details. Investment in Scam-Fighting AI.

Fraud 52

Fraud Management Data Trends 52

PYMNTS

DECEMBER 14, 2018

News came earlier in the month that several federal agencies have come out — together — in support of banks embracing innovation in their compliance efforts. Thus, said the agencies, banks should eye technology, and should endeavor to “consider, evaluate, and where appropriate, responsibly implement innovative approaches in this area.”

Compliance 148

Compliance Innovation FDIC Examples 148

FICO

NOVEMBER 1, 2019

In the world of fraud detection, radically flexible enterprise-class platforms give large institutions the agility to fight fraud in the real-time payment types they’re spinning up to compete with fintechs. In this environment, speed to market is critical, placing banks in a triple bind between innovation, compliance and fraud.

Fraud 40

Fraud Payments Compliance New York City 40

PYMNTS

OCTOBER 5, 2020

Maintaining compliance can be tricky for merchants, however, as they may struggle to comprehend all aspects of these rules or find cost-effective ways to adhere to them. Compliance Complexities. This is a sharp decline from 2018, when 42 percent of such providers said the same. Orchestrating A Solution.

Cards 207

Cards Data Compliance Payments 207

Abrigo

JUNE 10, 2020

LaFontaine failed to take sufficient action when presented with significant AML program deficiencies in the Bank’s SAR-monitoring system and the number of staff to fulfill the AML compliance role by his AMLO [AML Officer],” the document said. If you don’t have compliance from the top down, document it, and look for another job,” she says.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

OCTOBER 30, 2020

billion of these payments in 2018 alone for a total of $97.04 Slow compliance checks and sluggish processing times are commonplace, especially on the legacy systems still used by many banks around the world. Automating Compliance. Cash payments are quickly falling to the wayside, with only 26 percent of all U.S.

Operations 228

Operations Payments Compliance System 228

Abrigo

JANUARY 8, 2020

Key Takeaways The most popular BSA/AML and fraud blog posts in 2019 related to staying on top of regulatory changes. BSA and compliance officers wanted to read about SARs, risks tied to cannabis-related businesses, and preparing for CAMS exams. Fraud Prevention. Artificial Intelligence in BSA/AML. Artificial Intelligence.

Software 195

Software System Fraud Examples 195

Bank Innovation

DECEMBER 3, 2018

The European Payments Council’s 2018 Payment Threats and Fraud Trends Report concluded that the organization and sophistication of recent cyber attacks have shown “a […].

Fraud 170

Fraud Trends System Payments 170

FICO

NOVEMBER 20, 2019

The only way is to innovate, learn and adapt. That is how UBS Card Center, which processes some 25% of card transactions in Switzerland, keeps fraud rates down and cardholders happy. And for the past 20 years, UBS have been using the FICO® Falcon® Platform and working in partnership with fraud experts from FICO. by FICO.

Video 40

Video Fraud Cards Analytics 40

FICO

MARCH 24, 2021

The graph below shows the trend of TBML-related SARs filed with FinCEN between 2014 and 2018. Trade finance has traditionally been a resource-intensive manual process because global trade still depends on paper documents, making it susceptible to documentary fraud. Maintain a strong Tone at the Top (“Culture of Compliance”).

Compliance 98

Compliance Study Trends Fraud 98

FICO

FEBRUARY 28, 2018

But how can it best be used to fight application fraud? It was not much before Deep Blue, in 1992, that FICO pioneered the use of artificial intelligence and machine learning to fight credit card fraud. Fraud losses on US credit cards were reduced by over 70% since the introduction of FICO’s real-time anti-fraud analytics.

Fraud 69

Fraud Analytics Regulation Examples 69

PYMNTS

FEBRUARY 25, 2020

This week’s look at the latest in payment rail innovation finds solution providers largely embracing the opportunity to develop new technologies for legacy payment rails. Some firms are focusing on the payer — looking to combat fraud or cross-border payments friction — with their tools. Rapyd Wields The Visa Network.

Payments 140

Payments Fraud Cards Tools 140

PYMNTS

DECEMBER 28, 2018

Researchers this year released new data on banks’ KYC adherence that highlights just how imperative it is that the financial services industry is able to more adequately address the challenges of compliance. The Big KYC Trend From 2018. See what Bergal had to say below.

Compliance 186

Compliance Regulation blockchain Taxes 186

FICO

DECEMBER 4, 2018

I’m excited to announce that FICO has been named as a category leader in the Chartis Financial Crime Risk Management Systems for Enterprise Fraud report. The Chartis report Vendor Analysis: FICO (Financial Crime Risk Management Systems: Enterprise Fraud; Market Update 2018) provides further analysis of FICO’s rating.

Fraud 45

Fraud Risk Management Analytics Analysis 45

FICO

JANUARY 23, 2019

FICO recently hosted 60 banking fraud professionals from 33 organizations and 8 countries at its Asia Pacific Fraud Forum. Attendees were keenly interested in how artificial intelligence and machine learning continues to be a key technology in the fight against fraud and financial crime. Banking Fraud - The Need for Speed.

Fraud 40

Fraud Analytics Compliance Data 40

FICO

MAY 20, 2021

I’m very pleased to announce the release of the FICO® Falcon® Fraud Manager Retail Banking Consumer v3.0 model, which adds a Scam Detection Score to Falcon’s existing third-party fraud detection score for retail banking transfers. How Scams Differ from Third-Party Fraudulent Transfers. Using Behavior-Sorted Lists to Detect Scams.

Fraud 52

Fraud Retail Analytics social media 52

PYMNTS

OCTOBER 29, 2018

While these initiatives are spurring more focused financial services innovations, they also come with challenges. These pieces of legislation introduced new rules about how companies and entities address issues of accountability, documentation, privacy reviews and design, and also impose high fines for non-compliance. Protecting APIs.

Security 192

Security Fraud Tools Data 192

William Mills

JANUARY 25, 2018

Every year we strive to build a report that identifies the trends and major drivers in banking innovation. Some of the major drivers of technology spending will remain constant from year-to-year, most notably, keeping up with and managing compliance, reducing risk from fraud, and shifting strategies for various delivery channels.

Report 40

Report Bitcoin Strategy Innovation 40

William Mills

OCTOBER 13, 2017

Attendees could customize their day – picking and choosing from 70 different sessions on five separate stages featuring a wide range of topics including payments, fraud, fintech, marketing/product development, channel optimization, sales, compliance, business banking, artificial intelligence (AI) and community-based banking.

Atlanta 41

Atlanta Innovation Conference Georgia 41

Abrigo

MARCH 11, 2022

Thanks to an increase in mobile payments precipitated by the pandemic and rising security concerns due to the Russian conflict in Ukraine, the world of financial fraud prevention is more dynamic than ever. Innovation and Technology Another regulatory focus in 2022 is financial institutions' technology needs, including NBFIs.

Regulation 195

Regulation cryptocurrency Policies Management 195

FICO

OCTOBER 17, 2018

If your business uses FICO analytics and software to manage risk, fight fraud, improve profitability, increase financial inclusion or comply with regulations, you are already ahead of the curve. Our 2018 awards are now open. Decision Management Innovation - Credit Guarantee Corporation. Fraud Control - UBS Card Centre.

Analytics 40

Analytics Fraud Compliance Regional 40

PYMNTS

MARCH 4, 2020

The bank also inadequately staffed the BSA compliance function. . “Mr. FinCEN encourages technological innovations to help fight money laundering, but technology must be used properly.” . In February 2018, FinCEN collaborated with the Office of the Comptroller of the Currency (OCC) and the U.S.

US 130

US Regulation cryptocurrency Resources 130

Insights on Business

MAY 3, 2019

As the payments ecosystem in Canada continues to expand and evolve, IBM is looking forward to participating with industry leaders, innovators and challengers at the upcoming the Payments Canada Summit , taking place in Toronto on May 14-16, 2019. Payment fraud has become a world-wide $20B per year problem and is growing.

Payments 87

Payments Fraud Security Innovation 87

Abrigo

AUGUST 6, 2019

Financial criminals are working hard, using technology and innovation to their advantage, to stay one step ahead of FinCEN and financial institutions. At the recent NYU Law Program on Corporate Compliance and Enforcement , FinCEN Director Kenneth A. He further stated that we must be responsible with such innovation.

System 264

System Las Vegas San Antonio San Diego 264

Tech and Finance

MAY 18, 2018

SAS has created a new global Fraud and Security Intelligence Division to help organizations better detect and combat threats from fraudsters and hackers. The division will further focus and sharpen the SAS efforts to combat fraud and cybersecurity. And to meet those demands, we need to have a sophisticated and robust solution.”.

Fraud 28

Fraud Security Analytics Compliance 28

PYMNTS

NOVEMBER 30, 2017

12, 2018, deadline for implementation passes. One of those challenges is ongoing discussions over some guidelines within the regulation, Deutsche Bank noted, particularly those pertaining to fraud reporting and security. However, it would not be wise to refrain entirely from planning and preparing their implementation,” the bank added.

Guidelines 109

Guidelines Regulation Compliance Data 109