PYMNTS

JULY 2, 2018

Despite a regulation crackdown and other issues, investors have continued to fund cryptocurrency startups in 2018, with ICOs raising $11.8 This year’s surge comes as ICOs have faced stricter scrutiny from regulators like the U.S. This year’s surge comes as ICOs have faced stricter scrutiny from regulators like the U.S.

Regulation 101

Regulation cryptocurrency Fraud Analysis 101

Abrigo

MARCH 11, 2022

Expert insights on 10 regulatory topics that NBFIs should consider this year Review this list of what regulators are looking for in 2022 to help your NBFI pass exams with flying colors. Takeaway 2 Planning now and informing executive management of expected changes will enable NBFIs to move forward with anticipated rules and guidance.

Regulation 195

Regulation cryptocurrency Policies Management 195

PYMNTS

MAY 22, 2020

Cardano’s idea could create a fiat-like experience for users, and it could open up possibilities like authenticating and managing luxury goods, like the ability to identify a Louis Vuitton bag, for instance. With new microchip tech by Cardano , cryptocurrency users would be able to access payment services without an internet connection.

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blockchain cryptocurrency Wyoming Regulation 192

PYMNTS

AUGUST 2, 2019

Data storage firm Seagate revealed that it has moved its anti-fraud blockchain project with IBM into the pilot stage. Launched in 2018, the project monitors products sent via several steps to the customer, including product returns, to prevent counterfeit drives from being sent back.

blockchain 148

blockchain Fraud Data Report 148

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 an overall rise in complexity of current regulations.

Fraud 115

Fraud Survey Taxes Regulation 115

PYMNTS

MARCH 28, 2018

With concerns that technology companies can face more regulation, tech stocks were declining all over the globe — with the tech-heavy Nasdaq falling 2.9 That has led to concerns that more regulation of the entire tech sector is coming. That has spurred investigations into the matter by regulators and lawmakers in the U.S.

Regulation 108

Regulation Google Regional Marketing 108

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. And banks are footing the bill.

Fraud 52

Fraud Management Data Trends 52

PYMNTS

SEPTEMBER 23, 2020

Banks in the EU have been racing to comply with the General Data Protection Regulation ( GDPR ) and the revised Payment Services Directive ( PSD2 ) since both measures were enacted in 2018. FIs in Fidor’s native Germany should by now be familiar with the standards set by GDPR, PSD2 and other regulations aimed at online banking.

Compliance 225

Compliance Regulation Guidelines Security 225

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. SMBs need to remain compliant with increasingly complex financial regulations. Taxes And The Automation Benefit.

Taxes 141

Taxes Fraud Tools System 141

PYMNTS

AUGUST 30, 2020

government's Economic Injury Disaster Loan (EIDL) program, plagued by delays and fraud, has created attention for a firm that netted around $800 million in fees while subcontracting the work out to the nation's largest mortgage lender, The Wall Street Journal (WSJ) reported.

Ohio 271

Ohio Virginia Fraud Lending 271

PYMNTS

FEBRUARY 5, 2020

In addition, manual processing currently used can lead to misapplied payments while opening the door to fraud. He added that “Phixius changes all of that” by using congruent regulations and “leveraging blockchain technology.”. percent over 2018. trillion, up almost 9 percent from 2018. billion payments, up 7.7

Data 130

Data blockchain Fraud Customer Experience 130

Abrigo

JUNE 10, 2020

The regulators don’t care what your budget is,” Luttrell says. But inadequate staffing appears in regulatory consent orders more often than many people would expect, and regulators are not sympathetic when it comes to violations as a result of underemployment in compliance. Get adequate resources. Focus BSA/AML resources on risk.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

JULY 27, 2020

as questions swirled around allegations of fraud. Also on Monday, a high-ranking German regulator has called for major changes in response to the Wirecard scandal. But the company filed for insolvency last month after it reported debt of nearly $4 billion when it revealed $2.1 billion went missing from two Philippines banks.

Company 165

Company Pennsylvania Payments America 165

PYMNTS

MARCH 26, 2018

Wells Fargo, weeks after it was hit with a rare enforcement action from the Federal Reserve, is overhauling its risk management processes and announced internally that four top risk management executives would be retiring. Three board members are on track to be replaced by April and a fourth by the end of 2018.

Risk Management 100

Risk Management Management Compliance Groups 100

Abrigo

JANUARY 27, 2020

The National Credit Union Administration (NCUA) has been working on their share of goal setting, as they have released their 2020 supervisory priorities for credit unions, regulation updates, and the agency’s modernization programs. “We Examiners will be working with credit union management to discuss plans to implement CECL.

Risk Management 195

Risk Management Regulation Management Report 195

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 26, 2019

Patil told the victims that the KBC coin was worth $0.0056, but that it would rise to $1 by March of 2018. He is believed to have been running the scheme since around the crypto surge at the end of 2017, but the fraud was filed with police just last week.

cryptocurrency 165

cryptocurrency Fraud Maine Tools 165

Abrigo

MARCH 24, 2021

Anti-Money Laundering Act of 2020 BSA professionals should prepare for changes as new regulations and guidance from FinCEN unfold. Takeaway 2 While the AMLA is now law, regulations, guidance, and other information still needs to be written. These include conducting studies, writing regulations, and publishing guidance.

Regulation 195

Regulation Training Study Policies 195

PYMNTS

JANUARY 24, 2019

Dun & Bradstreet Global Head of Compliance and Supply Products Brian Alster said that, as the once-separate procurement and compliance efforts within organizations continue to converge, technology is going to play an increasingly critical role for businesses to manage the bombardment of risks, including fraud, non-compliance and cyberattacks.

Compliance 191

Compliance Risk Management Training Analysis 191

PYMNTS

DECEMBER 28, 2018

It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). Financial services regulations are notorious for their complexity and ever-changing demands for financial institutions and corporates, but another fuel for development in the KYC space was the FinTech community.

Compliance 186

Compliance Regulation blockchain Taxes 186

FICO

APRIL 18, 2018

FICO today unveiled several solution upgrades that will help banks, lenders, fintechs and other institutions fight fraud and financial crime. These solutions bring unparalleled efficiency and machine learning capabilities to fraud, risk and compliance professionals. FICO ® Card Compromise Manager 2.0

Fraud 53

Fraud Analytics Miami Florida 53

PYMNTS

JANUARY 6, 2019

In other news, Vaishali Mehta, who worked as a senior compliance manager at Coinbase, has left the company to become the head of compliance for TrustToken , which produces the TrueUSD stablecoin. I really related to TrustToken’s vision to foster a new financial future which is resilient to fraud, failure and greed.”.

blockchain 160

blockchain Bitcoin Compliance Regulation 160

PYMNTS

FEBRUARY 28, 2019

In the new Payments And The Platform Economy Playbook series, powered by Yapstone , PYMNTS examines the latest developments in the platform economy, and seeks to offer a roadmap for managing risks, optimizing rewards and creating a trusted business environment. Around the Payments and Platform Economy World. About the Playbook.

Payments 183

Payments User Experience Training Case Study 183

Accenture

JULY 19, 2017

PSD2 itself comes into force on 13 January 2018, and while there has always been a well-flagged gap from this date to when the RTS for SCA/SC come into force, the confusion over finalizing the RTS has led some PSPs to question if PSD2 itself will be delayed. Implement an API management system and publish APIs.

Security 174

Security Online Compliance Fraud 174

PYMNTS

SEPTEMBER 11, 2019

Fraudsters have been increasingly focused on mobile services, with one-third of all fraud attacks worldwide reportedly targeting mobile during the first half of 2018 — a 24 percent year-over-year increase. STACK’s mobile app provides budget management and spending accounts, among other services. Facing Future Fraud.

Security 113

Security Fraud Mobile Cards 113

FICO

NOVEMBER 19, 2019

The Contingent Reimbursement Model is a UK payments industry initiative designed to compensate victims of authorised push payment fraud (APP fraud). UK Finance reported almost 85,000 cases in 2018, an increase of 44% over the previous year. Frequently the customer was the one left with a hole in their finances.

Fraud 40

Fraud Payments Analysis Industry 40

PYMNTS

OCTOBER 13, 2017

We find that declining reputation of the company, when you are seeing lots of complaints, is often a leading indicator of fraud,” said Hennessy. And, further, some regulations are taking shape that make such oversight easier. There are certain red flags that might be early indicators of risk. “We

Management 116

Management Examples Data Online 116

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

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. A DIY Approach To AML/KYC. Following a joint investigation with U.S.

How To 161

How To Regulation Compliance Meeting 161

PYMNTS

SEPTEMBER 17, 2020

The site reported that 1,932 BTMs were in the world in December 2017, while there were 4,009 by the close of 2018. There, people need to change a nation's money for cryptocurrency that isn’t regulated by a government or connected with it. But they have grown in popularity in markets that are not stable. 27 at a digital event.

Bitcoin 178

Bitcoin ATM Security cryptocurrency 178

PYMNTS

MAY 17, 2018

The behavior under investigation took place in 2017 and early 2018 “as Wells Fargo was trying to meet a deadline to comply with a regulatory consent order related to the bank’s anti-money-laundering controls,” The Wall Street Journal said.

Data 145

Data Regulation Meeting Risk Management 145

PYMNTS

JULY 28, 2020

Fifty-eight percent of worldwide eCommerce transactions were made using these platforms in 2018, for example, and consumers have since become even more accustomed to them. Complying With Payments Regulations. Global marketplaces must follow numerous regulations when issuing payments.

Marketing 159

Marketing Regulation National Operations 159

PYMNTS

NOVEMBER 30, 2017

The EU is also gearing up for additional, overlapping regulations that could confuse financial services players regarding how (and when) to become PSD2-compliant. 12, 2018, deadline for implementation passes. PSD2 and the GDPR are overlapping regulations, both pertaining to data protection and emphasis on consumer ownership of data.

Guidelines 109

Guidelines Regulation Compliance Data 109

PYMNTS

MARCH 6, 2019

” Accounting strategies can not only boost transparency for regulators and visibility for a firm’s own leadership, but regulators say they can also promote security. ’s 9,000 publicly listed companies spiked in 2018 after consistent declines since 2006. .” Last October, the U.S. In the U.K., In the U.S.,

Report 139

Report Leadership Regulation California 139

PYMNTS

JANUARY 23, 2020

A Wells Fargo regulator is planning to slap former company executives with civil charges associated with their position in its retail banking scandals, people familiar with the matter told Bloomberg on Thursday (Jan. The OCC’s investigation shows regulators that individuals will be accountable along with the company itself.

Regulation 131

Regulation Community Bank Community Security 131

PYMNTS

SEPTEMBER 4, 2018

Such questions are addressed in a new PYMNTS story that features an interview with Sebastien Clamagirand, general manager of secure payment and identity at NXP Semiconductors. Indeed, new payment regulations seem to be pushing payment cards toward the future. The main message he offered?

Cards 110

Cards Payments United States Maine 110

PYMNTS

OCTOBER 22, 2018

The report excluded data on shop-at-home purchases and includes information about frauds reportedly directly to the FTC between January and September of this year. In all, losses to this emerging and increasingly occurring form of fraud reached $40 million in 2017, doubling the $20 million in losses reported 2015. Some major U.S.

Data 134

Data Fraud Cards Regulation 134