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 The agency published its 2020 supervisory priorities to help credit unions prepare for their next exam.

Risk Management 195

Risk Management Regulation Management Report 195

Abrigo

DECEMBER 30, 2019

Key Takeaways Using exam findings from 2019 can help strengthen your BSA program in 2020. Regulatory hot topics and exam findings from 2019 give us a good road map for 2020 exam preparation. He suggests using this data to reverse engineer your exam experience for 2020 and start the year on a proactive note. Fraud Prevention.

Training 195

Training Compliance Leadership Fraud 195

PYMNTS

DECEMBER 10, 2020

And in banking, financial institutions can incorporate artificial intelligence into their consumer credit strategies at a time when a retroactive approach to credit risk management has become less feasible amid COVID-19. 80%: Share of banking interactions done online in 2020. All this, Today in Data.

Risk Management 256

Risk Management Fraud Data Strategy 256

FICO

JANUARY 8, 2020

“ It’s like déjà vu all over again ,” is one of my favorite Yogi Berra-isms, and as I look across the domain spaces served by FICO to write my 2020 predictions, it’s definitely déjà vu all over again. Specifically: Cybersecurity risk awareness is on another expansion wave, as a best-practice component of third-party risk management (TPRM).

Compliance 52

Compliance Fraud New York City Analytics 52

FICO

JUNE 23, 2022

The Role of Data in Managing Fraud and Financial Crime Today. Here are the highlights from the fraud management data discussion I had at FICO World 2022 with Julie Conroy, Head of Risk Insights and Advisory at Aite-Novarica Group. How Did the Pandemic Change Fraud? Tue, 07/02/2019 - 02:45. by TJ Horan.

Fraud 52

Fraud Management Data Compliance 52

PYMNTS

MARCH 10, 2020

As P2P gained ground, he said, “A lot of the fraud was related to consumer education and the bad guys using the tool in a way that it wasn’t intended. Beyond that, he added, business-to-consumer (B2C) would likely see an uptake of real-time payments, especially for disbursements. Building Trust .

United States 230

United States Payments Fraud Risk Management 230

Banking Exchange

DECEMBER 5, 2019

We need to be selective in how we use spare time to improve our BSA/AML programs Compliance Compliance Management BSA/AML Feature Feature3 Cyberfraud/ID Theft Risk Management Human Resources Management AML & Fraud.

Risk Management 78

Risk Management Compliance Resources Fraud 78

FICO

JULY 1, 2022

Global Fraud Trends: What’s Happening and What’s Next? Here are the highlights from the fraud trends breakout session at FICO World 2022 with a panel of fraud professionals from Brazil, Turkey and North America. Ulisses Okamoto , Fraud Risk Management Superintendent at Itaú Unibanco (Brazil). by TJ Horan.

Fraud 52

Fraud Trends South Carolina Risk Management 52

CB Insights

OCTOBER 20, 2021

In 2020, 50 private blockchain companies from 14 countries made it to the CB Insights Blockchain 50. Since announcing the list in December 2020, the Blockchain 50 winners have kept busy. Since the release of the Blockchain 50 in December 2020, two winners have gone public. GET THE LIST OF BLOCKCHAIN 50 COMPANIES. First name.

blockchain 88

blockchain Company Management Risk Management 88

FICO

MARCH 30, 2023

Both from a cash and a fraud perspective, my curiosity was piqued, and I fell down the rabbit hole to learn more. Fraudsters Love Digital Real-Time Payments All this rapid change is great for one thing — fraud. Globally, APP fraud and related scams continue to be a problem for banks and their customers. Where Did My Cash Go?

Fraud 52

Fraud ATM South Carolina Management 52

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. Fraud & Identity: By far, the largest number of vendors and conversations were over fraud and identity. Maybe a topic for next year?

Conference 221

Conference Las Vegas Fraud Case Study 221

CB Insights

MAY 17, 2023

Loan underwriting is a slow and complex process, due to insufficient data for credit scoring, stringent risk management requirements, and highly manual processes. Fraud is also a concern.

Company 70

Company Risk Management Fraud Examples 70

Abrigo

JUNE 8, 2022

Takeaway 3 Anti-Money Laundering and Fraud monitoring software can help combat this serious crime. billion in 2020, increasing from $2.6 Anti-Money Laundering and Fraud monitoring software should be able to alert to changes in a customer’s financial behavior, such as spikes in outgoing wire, ACH, or cash activity. Fraud Trends.

Training 195

Training Fraud National Resources 195

FICO

JUNE 14, 2021

In this post, I’ll provide a quick overview of how BNPL works, and share my thoughts on how BNPL fraud can occur and where the financial liability lays. . For these reasons, BNPL loans, which are convenient and fast, can be an excellent spend management tool. Who Shoulders the Risk? A BNPL Primer. during the pandemic.

Fraud 52

Fraud Cards Millennials Utah 52

FICO

DECEMBER 15, 2020

It is true that the pandemic has accelerated the majority of digital trends and challenges this past year; I believe the “COVID effect” will persist strongly into 2021, which brings me to three broad predictions: Consumer spending patterns will remain in flux, requiring financial institutions to keep their guard up as fraud patterns change quickly.

Fraud 52

Fraud Compliance Management Software 52

PYMNTS

JULY 23, 2019

The Hyderabad center, PayPal’s third technology center in India, will focus on data science, risk management and machine learning to help businesses protect themselves from fraud. The company acquired the fraud prevention platform Simility in 2018, which offered merchants customized fraud tools.

Data 134

Data Fraud Risk Management Google 134

Abrigo

OCTOBER 15, 2020

Key Takeaways Economic relief payments are often subject to fraud – PPP is no exception. BSA Officers should be aware of PPP red flags to identify potential fraud. Economic relief payments are often subject to fraud, and the Paycheck Protection Program (PPP) is no exception. Other PPP Fraud Indicators. C&I Loans.

Fraud 150

Fraud Lending Los Angeles Taxes 150

The Paypers

MARCH 4, 2021

Cloud-based risk management platform Feedzai has announced its Financial Crime Report Q1, 2021.

Report 35

Report Risk Management Fraud Management 35

Abrigo

DECEMBER 2, 2021

Based on some industry trends and regulatory priorities, here are a few ideas for spending surplus budget funds to help grow your financial institution next year or mitigate risk. The influx of money from government relief programs like the Paycheck Protection Program (PPP) in 2020 and 2021 left financial institutions flush with cash.

Conference 195

Conference San Antonio Lending Fraud 195

PYMNTS

OCTOBER 31, 2016

With fraud expected to hit $7.2 billion by 2020, companies — particularly eCommerce retailers — are considering mobile and online innovations in payments and IoT security technology to help thwart cyberattacks. According to LexisNexis research, card-not-present fraud losses alone are forecasted to increase by $3.2

Fraud 100

Fraud Security Retail Mobile 100

PYMNTS

MAY 10, 2019

In a new PYMNTS interview, David Barnhardt, executive vice president of product at GIACT , which offers fraud detection and account validation tools, talks about an upcoming change by NACHA, national administrator of the ACH network, to make internet-initiated debit transactions (WEB debits) safer and more seamless. New NACHA Rule.

Payments 178

Payments Fraud Security Customer Experience 178

PYMNTS

SEPTEMBER 2, 2019

com to invest in automated authentication processes, according to Russell Medley, 888’s director of fraud and risk management. at more than $40 billion by 2020. That’s pushing companies like casino site 888.com According to an analysis released in January, “New Jersey’s online sportsbooks accounted for $241.05

NJ 108

NJ New Jersey Rhode Island Online 108

PYMNTS

JUNE 8, 2020

PYMNTS’ June 2020 B2B API Tracker® done in collaboration with Red Hat , observes that recent rapid adoption trends for APIs among banks and financial institutions (FIs) indicate a wolf at the door (Big Tech, challengers), but more so, the realization that customer experience (CX) is the new currency.

Security 130

Security Policies Fraud System 130

CFPB Monitor

APRIL 1, 2021

fraud detection and financial crime monitoring). Augmenting risk management and control practices. The agencies observe that the potential risks associated with using AI are not unique to AI, such as creating operational vulnerabilities and consumer protection risks (fair lending, UDAAP, privacy). Uses of AI.

Risk Management 78

Risk Management Training Lending FDIC 78

FICO

JANUARY 15, 2021

The FICO Blog posts last year reflected that – we wrote about everything from the impact on collections, proactive lender communications with consumers, issues with fraud, and of course, how FICO® Scores were impacted. Here are the top five posts from 2020 related to the FICO Score: FICO Resilience Index Now Available For Lenders To Pilot.

Report 59

Report Payments Cards Data 59

FICO

DECEMBER 10, 2020

Just like with everything else in 2020, COVID-19 affected AI; demand for AI, data, and digital tools soared as the pandemic has put an unexpected, protracted strain on many enterprises. This is despite one-half of survey respondents reporting having strong model governance and management rules in place to support ethical AI usage.

Analytics 98

Analytics Fraud Data Software 98

CFPB Monitor

NOVEMBER 22, 2022

The Federal Reserve, FDIC, and OCC should finalize the interagency guidance for banks on managing risks associated with third-party relationships that was proposed in July 2021. This includes IDIs acting as lenders in bank/fintech partnerships.

Fintech 78

Fintech Report Data Lending 78

Abrigo

SEPTEMBER 2, 2020

In Abrigo’s 2020 Business Lending Readiness Survey , conducted in late Q4 2019, community financial institutions revealed numerous ineffective, poorly automated areas within their banks or credit unions, including manual data entry, re-keying customer information numerous times, and using Excel spreadsheets to manage the borrower pipeline.

Lending 259

Lending Community San Antonio Survey 259

Abrigo

FEBRUARY 25, 2022

Anti-Money Laundering Act (AMLA) of 2020 ?is If your BSA officer does not have the authority to make final decisions on regulatory policies, urge your senior management and board to grant them more decision-making power. Now that the? Fact Sheet ?clarifying Learn more about BSA/AML trends. keep me informed.

Regulation 195

Regulation Policies Compliance Washington 195

Abrigo

SEPTEMBER 2, 2020

In Abrigo’s 2020 Business Lending Readiness Survey , conducted in late Q4 2019, community financial institutions revealed numerous ineffective, poorly automated areas within their banks or credit unions, including manual data entry, re-keying customer information numerous times, and using Excel spreadsheets to manage the borrower pipeline.

Lending 195

Lending Community San Antonio Survey 195

PYMNTS

DECEMBER 14, 2020

Smart technologies have enormous potential to improve both human life and the health of the planet,” stated the World Economic Forum’s 2020 Wild Wide Web report. However, many unintended consequences have also surfaced,” the study added, noting that “cyberattacks have become a common hazard for individuals and businesses.”. . –

Google 192

Google Security Washington Risk Management 192

FICO

FEBRUARY 17, 2023

Consumers in India processed 48 billion digital transactions across bill payment, wealth and loan management, insurance, shopping, and entertainment as far back as 2020. For more of my latest thoughts on digital transformation, fraud, financial crime and FICO’s entire family of software solutions, follow me on Twitter @FraudBird.

South Carolina 52

South Carolina Fraud Management Payments 52

PYMNTS

JANUARY 23, 2019

com to invest in automated authentication processes, according to Russell Medley, 888’s director of fraud and risk management, according to PYMNTS research. at more than $40 billion by 2020. That’s pushing companies like casino site 888.com Another report pegs the total spending via online sportsbooks in the U.S.

Online 143

Online New Jersey Las Vegas Risk Management 143

Abrigo

DECEMBER 22, 2023

The most popular financial crime blogs in 2023 Check fraud, the SAFER Banking Act, and BSA exam topics were among Abrigo's top blogs on AML/CFT and fraud this year. You might also like this infographic on the true costs of fraud at financial institutions. Here are Abrigo’s 10 top AML and fraud blogs in 2023.

Fraud 221

Fraud Training Compliance Trends 221

FICO

SEPTEMBER 18, 2020

For the second year running, FICO has been named as category leader in the recently published Chartis ‘Cyber Risk Quantification Solutions 2020: Market Update and Vendor Landscape’ report. As the report shows, the market for Cyber Risk Quantification Solutions (CRQ) continues to show rapid growth.

Cyber Security 52

Cyber Security Risk Management Analytics Data 52

Independent Banker

DECEMBER 31, 2021

If 2020 was the year no one expected, 2021 was a year of resetting expectations. Like most other community bankers, you spent many long nights processing Paycheck Protection Program (PPP) loans, planning how to do business in a pandemic and much more throughout 2020 and 2021. 30, 2020, to Sept. Illustration By blindSALIDA.

Community Bank 144

Community Bank Community Lending Louisiana 144

Gonzobanker

DECEMBER 20, 2019

billion of assets under management. Hats off the Schools Financial’s board and management for acknowledging that even multi-billion dollar credit unions can drive value via merging with someone bigger. We salute CEO Frank Weidner, CIO David Mason and Strategic Insights Manager Mike Lindberg for taking this big strategic step.

Idaho 148

Idaho Conference Data Marketing 148