CFPB Monitor

AUGUST 1, 2022

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space. In the introduction to the RFI, the FHFA noted President Biden’s March 2022 executive order.

Financial Technology 78

Financial Technology Technology Fintech Compliance 78

Bobsguide

MARCH 24, 2022

Finastra and CloudMargin Collateral Management as a Service offering accelerates compliance with UMR regulation. It’s estimated that the new Phase 6 of UMR, due to come into effect in September 2022, will affect 1,000 additional entities for the first time. For further information please contact: Caroline Duff. About Finastra.

Compliance 60

Compliance Management Regulation Software 60

Abrigo

DECEMBER 17, 2021

Takeaway 1 Having a cohesive vision from the top down is critical to a culture of innovation and the successful adoption of new software. . It’s great that more financial institutions are welcoming technological innovations, but banks and credit unions must consider the long-term impact of their partnerships. DOWNLOAD WHITEPAPER .

Fintech 195

Fintech How To Innovation System 195

South State Correspondent

JANUARY 4, 2023

A potential economic slowdown, slower rate rises, an inverted yield curve, and deposit stress likely make 2023 a trying year compared to 2022. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital. Develop a more innovative process.

Community Bank 195

Community Bank Capital Training Lending 195

Abrigo

NOVEMBER 17, 2023

billion to fraud in 2022, a 44% increase over the prior year and a trend that has continued into 2023. As overseers tighten the leash with stringent regulations aimed at protecting consumers, the cost of compliance grows. This is the first-time fraud has been addressed at a high level as part of AML compliance, but it makes sense.

Fraud 195

Fraud Training Trends Compliance 195

Bobsguide

JUNE 14, 2022

Users will benefit from advanced treasury and risk management capabilities. Paris, France – June 14 – 2022 – Finastra today announced a partnership with Lozenge Analytics, offering the capabilities to Fusion KTP customers. E caroline.duff@finastra.com. About Finastra.

Analytics 60

Analytics Risk Management Compliance Regional 60

Bobsguide

APRIL 27, 2022

The signature of this alliance plays an important role in the strategic vision of Prometeia to gradually expand into the German and Central European market, where SAP FSDP is used by an increasing number of banks to feed Risk analytics and regulatory reporting solutions. To know more: www.prometeia.com and risk.community@prometeia.com.

Data 148

Data Analytics Risk Management Management 148

FICO

NOVEMBER 15, 2022

FICO is transitioning its Siron ® compliance business to IMTF, a Swiss global leader in regulatory technology, and a partner in the Siron business for more than 20 years. Tue, 11/15/2022 - 11:25. Siron’s anti-financial crime solutions provide organizations with analytics-driven applications for end-to-end financial crime compliance.

South Carolina 52

South Carolina Compliance Analytics Software 52

Bobsguide

AUGUST 7, 2022

London, UK – August 3, 2022 – Finastra announced today that The Co-operative Bank has selected Finastra Kondor in the cloud, available via Microsoft Azure, to upgrade its treasury infrastructure and automate manual reporting and processes. E caroline.duff@finastra.com. About Finastra.

Operations 68

Operations Strategy Innovation Policies 68

FICO

JULY 1, 2022

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. Fri, 07/01/2022 - 13:40. This year at FICO World 2022 there was ample opportunity to analyze just how much the pandemic has changed the fraud and financial crime landscape.

Fraud 52

Fraud Trends South Carolina Risk Management 52

FICO

MARCH 30, 2023

In the UK more than 23 million people used basically no cash in 2022. The ATM population peaked at around 470,000 total devices in 2019 , but dropped to 456,000 in 2022. billion in losses to investment scams alone in 2022, more than double the losses from 2021. Where Did My Cash Go? I uncovered some fascinating insights.

Fraud 52

Fraud ATM South Carolina Management 52

Gonzobanker

DECEMBER 17, 2021

Then right back to the impossible in 2022. This is an innovation-seeking franchise that has built a solid brand and never got over its skis in execution. A deal like this has huge integration risk, and it’s good to have Stephen Steinour and team leading the way. We can’t wait to see next year’s successes. THE BANKER AWARDS.

Fintech 147

Fintech Strategy Leadership Lending 147

FICO

SEPTEMBER 20, 2022

Tue, 09/20/2022 - 11:50. Scott’s a busy guy; when not spearheading the development of innovations like the FICO® Scam Detection Score or FICO’s anti-money laundering (AML) scores , he literally wrote the playbook on how organizations can achieve Responsible AI. Learn more about the global fraud trends identified at FICO World 2022.

Fraud 52

Fraud Analytics Strategy System 52

FICO

DECEMBER 15, 2021

In 2022 consumers will increasingly expect to be able to service all of their requirements, however complex, online. This data can be used by all areas of the bank that interact with customers, from marketing and customer service to risk management and collections. Lenders Will Take a New Approach to Measuring Affordability.

Lending 52

Lending Data Risk Management Regulation 52

FICO

MAY 3, 2023

Jonathan Williams from the UK Payment Systems Regulator will be giving an overview of the UK's experience, how it is tackling financial crime and achieving true innovation, and what emerging and potential markets can take away from the UK’s experience. Fortunately managing APP fraud is an area of expertise for FICO. TJ holds a B.S.

Fraud 52

Fraud Strategy Analytics South Carolina 52

FICO

OCTOBER 7, 2022

Fri, 10/07/2022 - 14:10. Learn how our responsible AI helps drive innovation in our fraud detection and prevention solutions. Since then, TJ has held a variety of technical and management roles in the fields of analytics, fraud and risk management, and decision management at industry leading companies such as HNC Software and SAS.

Fraud 52

Fraud South Carolina San Francisco Regulation 52

Gonzobanker

DECEMBER 14, 2023

Award – goes to CNBC’s Jim Cramer , who lamented that banks should have been innovating offerings like those delivered by PayPal and Square. The Ali vs. Foreman Award – goes to hedge fund manager Steve Eisman and Second Curve Capital ’s Tom Brown , who are polar opposites in the bank investment landscape. billion, Kalamazoo, Mich.).

Fintech 195

Fintech Community Regional Technology 195

FICO

JANUARY 5, 2023

The CFPB's New Open Banking Proposal Will Accelerate Exciting Product Innovations. For several years now, FICO has recognized the potential of new scoring innovations leveraging consumer financial account data. The CFPB’s Section 1033 rulemaking will only fuel further innovations as open banking takes a stronger hold in the U.S.

Policies 52

Policies Company Regulation Risk Management 52