Bank Innovation

MARCH 2, 2018

The 16 registered cryptocurrency exchanges currently operating in Japan will soon form a self-regulating body, after a $530 million heist of digital coins in the region led to investor concerns, Reuters reported today.

cryptocurrency 199

cryptocurrency Regional Regulation Operations 199

PYMNTS

NOVEMBER 30, 2020

While the business email compromise (BEC) scam is a global pain point for businesses, this week's B2B Data Digest looks at the latest figures in B2B payments fraud and finds BEC heating up in one particular region: Australia and New Zealand. In total, about $104.5 million erroneous payment resulting from a BEC scam.

Fraud 177

Fraud Cyber Security Data Software 177

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.

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Conference Regional Examples Payments 70

PYMNTS

FEBRUARY 6, 2020

technology by “any means necessary” and that there are about 1,000 related investigations currently ongoing in the country, through its 56 regional offices, according to a report by Reuters. . Zhu Hua and Zhang Shilong were both accused of conspiracy to commit computer intrusions, wire fraud and aggravated identity theft.

United States 151

United States US National Fraud 151

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. Related scams have also been on the rise.

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Fraud Management Data Trends 52

PYMNTS

JANUARY 9, 2020

Europe was the first region to adopt EMV technology, and sees a transaction rate of more than 99 percent. percent of card-present transactions within the nation were conducted via EMV card between July 2018 and June 2019. Recent findings have shown that 76.7 comes in dead last, however, as only 59.2 It may seem strange that the U.S.

Fraud 131

Fraud Cards Retail Security 131

FICO

APRIL 16, 2019

Almost three in four banks in Asia Pacific anticipate that fraud in their country will increase in 2019, according to a recent poll by FICO. These were identified as the two key concerns, as well as the biggest challenges to stopping fraud in 2019. Over 50 percent of global online retail sales in 2018 originated from the region.

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Fraud Survey Regional Cards 40

PYMNTS

OCTOBER 9, 2019

H owever, nothing is easy in life (your parents were right) and that nugget of wisdom served as a central theme of a recent PYMNTS discussion with Rakan Alhassan, operations and marketplace director at UReed. percent) while seasonal workers had lower usage throughout 2018, which dipped in Q4 2018. Among the main challenges?

Regional 122

Regional Trends Cards Millennials 122

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.

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PYMNTS

MARCH 12, 2019

. $172 billion: The value of peer-to-peer (P2P) transfers consumers made via their bank accounts in 2018. 10 : The number of countries in the region in which Grab operates. 67 percent: The share of Australian citizens expected to use real-time payments by 2023.

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Taxes Regional Data Mobile 122

PYMNTS

NOVEMBER 9, 2018

And, as previously reported, the company has disclosed that it has agreed to pay $125 million as part of settlements with the Federal Trade Commission and the Justice Department tied to fraud allegations. Compliance Efforts, Continued.

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Compliance Fraud Operations Management 160

PYMNTS

MAY 23, 2018

A February 2018 study from the Federal Reserve Bank of Minneapolis found that 75 percent of American financial institutions incurred losses due to fraud last year. Governments and regulators around the world are also stepping into the fight against fraud. DPAs Prepare for Looming GDPR Deadline .

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Trends Strategy Minneapolis Fraud 125

PYMNTS

MARCH 20, 2020

Sweden’s oldest retail bank will face a hefty $386 million fine for a scandal that erupted last year over the bank’s poor handling of money laundering issues in the Baltic region, according to Reuters Thursday (March 19). The scandal, which was revealed at the end of 2018, also involved Danske Bank, a peer of Swedbank’s.

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United States Regional Retail Report 139

PYMNTS

FEBRUARY 14, 2020

The creation of digital IDs also has the beneficial effect of helping governments and companies combat financial fraud and money laundering activities. directive has its challenges in a world where, so far, there are no global or even regional standards as to what data can be collected to create, maintain or verify identities.

How To 205

How To National Fraud Data 205

PYMNTS

APRIL 1, 2020

billion non-prepaid debit card transactions in 2018, solidifying debit as a staple payment type. Debit cards secured with PINs came into wide use in the 1990s, and regional card networks often processed such payments at the time. shoppers made 72.7 Consumers only see a small part of what is involved in using this method, however.

Cards 141

Cards Payments Security Fraud 141

PYMNTS

OCTOBER 21, 2019

Furthermore, according to the latest edition of PYMNTS’ PSD2 Tracker , only 40 percent of merchants operating in the European Union that are aware of SCA reported being ready by that date. The goal is for merchants to think about how they will manage the SCA transition, and to develop a fraud and exemption strategy. 14, 2019 deadline.

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Strategy Compliance Fraud Payments 100

PYMNTS

OCTOBER 15, 2018

One vendor at past festivals, who sold nuts to concertgoers, said that the company that operated the festival, as well as others in the region — WCMC, which in turn is owned by IMG — allowed vendors to keep cash proceeds from sales. Many of those vendors have filed fraud complaints with the Oregon Department of Justice.

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US Payments Oregon Report 124

PYMNTS

FEBRUARY 2, 2018

In Latin America, he continued, “We are cautiously optimistic that economic growth in that region in 2018 will be similar to 2017.”. As for Vocalink, Banga focused on the company’s image-based clearing system, which launched corporate fraud alert products with Royal Bank of Scotland (RBS) as the first customer.

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Taxes cryptocurrency Regional Branding 100

PYMNTS

OCTOBER 22, 2018

And New England isn’t the only place enjoying the autumn chill as it sets in — although we are perhaps enjoying it more colorfully with the region’s famed foliage. 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.

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Data Fraud Cards Regulation 134

PYMNTS

FEBRUARY 21, 2018

A regional government in Russia is now working with state-backed VEB, reports in CoinDesk said this week, as authorities explore how to use blockchain “to improve the quality of management decisions.”.

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blockchain Los Angeles Regulation Oregon 130

CB Insights

FEBRUARY 13, 2020

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. Stripe Atlas (business incorporation tool) and Stripe Sigma (business analytics and reporting) can help simplify business operations.

Online 98

Online Company Retail Payments 98

PYMNTS

AUGUST 23, 2019

Working together to solve these challenges was the main takeaway from a PYMNTS discussion between Karen Webster and Heather Lee, financial crime compliance and sanctions strategy at SWIFT , the global financial messaging co-operative. And to that end, we’ve seen growing engagement and co-operation across the industry.”. Rapid Growth.

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Compliance Security Payments Community 192

PYMNTS

OCTOBER 2, 2018

Avant is really two businesses operating under one roof — connected in crucial ways, but separate in function. Until recently, Goldstein noted, that financial institution (FI)-facing Software-as-a-Service (SaaS) business (the second business) mostly operated in the background behind the better-known part of the platform.

Lending 134

Lending Alabama Online System 134

PYMNTS

NOVEMBER 29, 2019

The Greater Boston Food Bank (GBFB) is among the nonprofits working to feed local communities this holiday season is the which provides food services to 190 towns as well as cities in the eastern Massachusetts region. How Ticketmaster Uses AI To Sort Fans From Fraudsters (DataVisor Digital Fraud Tracker). Of the 94 million U.S.

Google 129

Google Mobile Data Capital 129

FICO

NOVEMBER 11, 2020

In 2018, he was recognized as an “Analytics Visionary” by Consumer Goods Technology. Ignazio Provinzano, Head of Risk Operations at Swisscard (previous winner). Ignazio is currently responsible for a team of over 100 employees in the Risk Operation Department at Swisscard, a leading credit card company in Switzerland.

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Meeting Analytics Big Data Management 52

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

PYMNTS

FEBRUARY 23, 2018

Albertsons will convert its existing pharmacies to Rite Aid stores, while current Rite Aid locations will operate as standalone pharmacies. Together, the company will operate around 4,350 pharmacy counters and 320 clinics across 38 states and Washington, and will be worth around $83 billion. That comes as 16.7 That comes as 16.7

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Retail America Course United States 116

PYMNTS

DECEMBER 4, 2019

As of the end of 2018, for instance, Google research found that 36 percent of international travelers “would likely pay more for services if a travel brand tailored its information and trip experiences to personal preferences or past behavior.” For OTAs and tour operators, taking payment up front is one thing. and Europe.

Leadership 131

Leadership Industry Google Groups 131

PYMNTS

DECEMBER 4, 2019

As of the end of 2018, for instance, Google research found that 36 percent of international travelers “would likely pay more for services if a travel brand tailored its information and trip experiences to personal preferences or past behavior.” For OTAs and tour operators, taking payment up front is one thing. and Europe.

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Leadership Industry Google Groups 130

FICO

APRIL 19, 2018

FICO WORLD 2018, MIAMI, Florida. FICO has further improved the FitAgent user experience with new controls, views and insights around payments, customers, accounts and communication that put the customer at the center of a lender’s operations. FICO ® World 2018 runs through April 19 in Miami Beach, Florida.

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Miami Analytics Florida Management 40

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 SEC Finding. LCA and Laplanche, along with former CFO Dolan, were also charged with improperly adjusting fund returns. said U.S. So, Now What?

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Lending Fraud Management San Francisco 135

Jeff For Banks

NOVEMBER 24, 2019

She effectively ran the bank and its operations. Another depressed town due to the general economic malaise that bedraggled the region when the steelmaking industry moved elsewhere. However, it seems unlikely that McConnell didn't orchestrate the fraud. They feared he would discover the fraud. I'm not making this up.

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National West Virginia Virginia Pennsylvania 78

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. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. Some companies just push their luck a little too far. Total Funding: $1.1B.

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Fraud Las Vegas Company Video 78

CB Insights

OCTOBER 10, 2018

One of the biggest challenges these companies face is that many operate without a bank charter or license. Existing startups like the UK’s Revolut are also looking to expand in the region. of monthly spend across 28 countries in Europe as of September 2018. valuation and crossed 1M accounts in September 2018.

Retail 78

Retail Cards Millennials Mobile 78

FICO

AUGUST 30, 2018

This is a guest blog from Jonathan Williams , an expert in payments, identity and fraud prevention, working for advisory firm Mk2 Consulting. In July, the European Banking Authority (EBA) published their guidelines for reporting fraud under Payment Services Directive 2 (PSD2).

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Fraud Report Guidelines Conference 40

CB Insights

OCTOBER 26, 2020

While the rules against prop trading have more recently been loosened, the restriction has still changed how investment banks operate. Even as the regulation pendulum swings back toward more limited oversight, how investment banks operate is fundamentally changing. Table of contents. The disruption of the IPO. Source: Getty.

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Management Capital Company Marketing 78

Abrigo

DECEMBER 19, 2019

In 2018, the number of banks declined by almost a third to 4,708 institutions. For many community and regional banks looking to compete with larger financial institutions and grow their bank, the answer has been mergers and acquisitions. Fraud Prevention. Fraud Trends. Fraud Prevention. Fraud Prevention.

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Lending Fraud Community FDIC 195