Perficient

FEBRUARY 29, 2024

Through the analysis of diverse data sets, automation of loan processing, and consideration of varied factors, financial institutions are not only increasing customer satisfaction and reducing operational costs but also fostering resilience in the face of evolving economic landscapes.

Trends 221

Trends Industry Analytics Compliance 221

PYMNTS

JANUARY 24, 2019

With third-party due diligence and supply chain security as increasingly critical components of organizations’ procurement operations, compliance executives are finding important positions in their firms’ purchasing processes. That’s only if analysis of that data can be done correctly, however.

Compliance 191

Compliance Risk Management Training Analysis 191

PYMNTS

AUGUST 23, 2019

And blockchain analysis firm Chainalysis announced the launch of suspicious cryptocurrency transaction alerts in Chainalysis Know Your Transaction (KYT). It is the first compliance alerts solution available across 15 cryptocurrencies.

blockchain 124

blockchain Analysis cryptocurrency Bitcoin 124

Abrigo

JANUARY 13, 2021

High-risk transactions identified To combat PPP fraud, the SBA Office of Inspector General (OIG) has collaborated with the U.S. Takeaway 2 To thwart PPP fraud, the SBA has collaborated with the U.S. Takeaway 2 To thwart PPP fraud, the SBA has collaborated with the U.S. Combatting Fraud. Stay up-to-date on PPP fraud.

Fraud 195

Fraud Community Lending Analysis 195

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. A team of analysts can only handle so many potential fraud cases at a time, after all. . resources.

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

DECEMBER 23, 2019

” As a regulatory initiative aimed at combatting financial crime, KYC requirements are growing ever-more complex, leading corporates and their banks to demand new technologies and services that can address their compliance challenges. .” Canada, Mexico, Sweden, Australia and South Africa. million fine was issued by the U.K.’s

Fraud 131

Fraud Maryland Payments New York 131

FICO

MARCH 16, 2018

Social Network Analysis (SNA) tools hold the potential to help tax and revenue agencies identify non-compliance and tax fraud. These tools have been proven to be effective in fraud detection¹, but to date haven’t been utilized to any large degree at tax agencies. Social Networking Analysis Explained.

Analysis 45

Analysis Taxes Fraud Compliance 45

PYMNTS

JUNE 2, 2020

As Kount Executive Gary Sevounts noted in a recent conversation, this combination has left payments players worldwide trapped between two sources of pressure: They’re responding to a global pandemic and the attendant increase in fraud, while at the same time preparing for a major regulatory change. The Path Ahead.

Compliance 137

Compliance Fraud Security Regulation 137

CFPB Monitor

JUNE 30, 2022

Of special note, the OCC also believes compliance risk is “heightened” for Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and Office of Foreign Assets Control (OFAC) compliance because of world events and compliance staffing concerns. BSA/AML Compliance Risks. Cybersecurity Risks.

Compliance 78

Compliance Fraud Technology Operations 78

PYMNTS

NOVEMBER 8, 2019

The rule officially took effect in September, and EU countries have begun helping merchants and consumers work toward compliance. PSPs must, therefore, strike the right balance between authentication and seamlessness, while keeping up with how different European countries are tackling SCA compliance.

Compliance 101

Compliance Online Fraud Regulation 101

Perficient

APRIL 2, 2021

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. fraud detection and financial crime monitoring). email, text, audio data), with the aim of identifying fraud or anomalous transactions. Textual analysis.

Regulation 309

Regulation Industry Risk Management Analysis 309

PYMNTS

NOVEMBER 12, 2020

“Consumers benefit from the real-time transaction risk analysis with fast and frictionless online shopping, leading to a simple and secure user experience.” . The SIA and INFORM initiative is part of the compliance with the new Payment Services Directive (PSD2) and also helps protect shoppers from online fraud. .

Payments 165

Payments Compliance Fraud User Experience 165

Insights on Business

MAY 6, 2019

Payment fraud detection has always had a bit more latitude than its counterparts in anti-money laundering, customer due diligence and even trade surveillance compliance. It is obviously in the best interest of an institution, and its customers, to catch as much fraud as possible. Why does model governance matter for fraud?

Fraud 102

Fraud Regulation Compliance Analytics 102

Insights on Business

JUNE 28, 2018

A recent explosion of AI applications is taking place in financial institutions, particularly in the area of risk and compliance. So how is AI helping risk and compliance processes? Risk and compliance departments suffer from massive data loads and exhausting regulatory requirements. That still sounds complicated, doesn’t it?

Compliance 70

Compliance Case Study Analysis Analytics 70

PYMNTS

SEPTEMBER 20, 2016

19) that its Payment Fraud Manager tool detected more than 90 percent of fraud while reviewing only 2 percent of the transactions. According to the company, the new ACH predictive model uses a data consortium model to help stop fraud before a payment leaves the originating financial institution.

Fraud 100

Fraud Tools Management Payments 100

PYMNTS

JANUARY 10, 2018

Oversight Systems has updated its Insights On Demand software-as-a-service (SaaS) solutions to provide managers with quicker ways to identify expense report fraud. businesses lose $1 billion every year due to employee expense fraud. In an announcement on Tuesday (Jan. Oversight cited data from JPMorgan, which estimated U.S.

Fraud 100

Fraud Tools Policies Risk Management 100

PYMNTS

FEBRUARY 27, 2018

Regardless of the reason, these methods can pose problems, including reduced spend visibility, making it difficult to both track and enforce policy compliance and to perform back-office functions, such as reconciliation and reimbursement as well,” said GBTA Foundation Director of Research Monica Sanchez in a statement when the report was published.

Fraud 104

Fraud Marketing Payments Analysis 104

FICO

NOVEMBER 21, 2022

First-Party Fraud Must Be Stopped Across the Customer Lifecycle. While those in the financial services industry would term this first-party fraud, it is evident that a significant minority of people don’t think of such behaviour as unacceptable. Diverse Data Analysis Is Needed. FICO Admin. Tue, 07/02/2019 - 02:45.

Fraud 52

Fraud Survey Data Analysis 52

PYMNTS

NOVEMBER 12, 2020

“Consumers benefit from the real-time transaction risk analysis with fast and frictionless online shopping, leading to a simple and secure user experience.” . The SIA and INFORM initiative is part of the compliance with the new Payment Services Directive (PSD2) and also helps protect shoppers from online fraud. .

Payments 130

Payments Compliance Fraud User Experience 130

Abrigo

DECEMBER 7, 2021

Without supporting documents, the analysis of the institution's risk cannot be adequately supported. All working papers should be attached to the file, regardless of how critical that analysis was to the process. Once again, all supporting documentation of your analysis must be retained. Document the BSA/AML risk assessment.

How To 195

How To Fraud Analysis Compliance 195

Abrigo

MARCH 24, 2023

The credit union’s risk analysis can only be adequately supported with supporting documents. All working papers should be attached to the file, regardless of how critical that analysis was to the process. Once again, all supporting documentation of your analysis must be retained.

Fraud 195

Fraud Compliance Examples Analysis 195

PYMNTS

JUNE 22, 2017

There’s another way, though, in which the fear of fraud bears down on the enterprise. A new report from Vesta Corporation finds fraud positions itself in the way of innovation and growth, even compliance. to understand how payments fraud is limiting corporates’ path to success. cents per every $100 transacted.

Fraud 108

Fraud Innovation Survey eBook 108

PYMNTS

SEPTEMBER 6, 2018

Lackluster reporting increases the risk of non-compliance with Department of Labor regulations, while legacy systems make fraud and inflated paychecks an easy crime. Two of the largest ways, errors and fraud, are “huge issues,” said Dean Mathews, founder of time tracking solutions provider OnTheClock.

Fraud 109

Fraud Compliance Mobile Tools 109

FICO

SEPTEMBER 8, 2022

Payments Fraud in Asia Post Pandemic. Why consumers are moving to banks with the best fraud and scam prevention. Senior Consultant, Fraud and Financial Crime. The growth of real-time payments and fraud in Asia. The appeal of these banking innovations has also made it a honeypot for fraud. Saxon Shirley.

Fraud 52

Fraud Payments Survey Security 52

Abrigo

APRIL 7, 2022

If your institutions are a good match, the financial analysis of an acquisition is usually straightforward. When two financial institutions come together, the AML and fraud compliance functions will need to be consolidated. The next step is to decide how the banks match up culturally. Proactive Planning. Get organized.

Compliance 195

Compliance Policies Fraud Analysis 195

Abrigo

JANUARY 3, 2022

Have you combined your BSA & Fraud Departments, or are you considering it? Ensure Compliance. AML quality control is particularly essential as more financial institutions combine AML/BSA and fraud programs. You might like this webinar. Is your AML quality control doing its job?

Texas 195

Texas Compliance Fraud Training 195

PYMNTS

JUNE 19, 2020

A payments orchestration layer can serve as an intermediary between a merchant and its various PSPs while extending services that support payments analysis, regulatory compliance, cybersecurity, anti-fraud protection and more. At the same time, eCommerce purchasing volumes are surging, with the month of April seeing a 23.5

Payments 188

Payments Compliance Resources Fraud 188

PYMNTS

OCTOBER 13, 2016

Regulation and compliance can be a tough space for many to wrap their heads around. Sunil Madhu , founder and CEO of Socure , joined Karen Webster to give context to some of the compliance concepts trending in the industry and also share his thoughts on what’s coming next down the regulatory pipeline. Compliance Decoded.

Compliance 100

Compliance blockchain Regulation Data 100

FICO

NOVEMBER 30, 2017

In my previous post on application fraud, we explored the drivers behind the rapid acceleration of identity-based fraud , which includes identity theft / third-party fraud, synthetic identity fraud, and first-party fraud. Managing fraud is a balancing act that starts with knowing your fraud risk appetite.

Fraud 82

Fraud Analytics Compliance Management 82

CFPB Monitor

APRIL 7, 2022

The FDIC has issued the March 2022 edition of Consumer Compliance Supervisory Highlights which includes a description of some of the most significant consumer compliance issues identified by FDIC examiners during consumer compliance examinations conducted in 2021.

FDIC 78

FDIC Compliance Lending Regulation 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). Tue, 07/02/2019 - 02:45.

Fraud 52

Fraud Trends South Carolina Risk Management 52

Abrigo

DECEMBER 2, 2021

Learn how a core deposit analysis helped improve this institution's forecasts. One way to find out is by allocating surplus budget money to a core deposit analysis. During the pandemic, fraud activity has increased, and fraudsters have found new ways to scam bank customers and credit union members. Fraud Prevention.

Conference 195

Conference San Antonio Lending Fraud 195

PYMNTS

MARCH 14, 2019

Corporate treasurers are increasingly concerned about a complex regulatory environment, according to the latest analysis from Strategic Treasurer and TD Bank. The 340 survey respondents, based mostly in North America and Europe, revealed their rising concerns over political gridlock in the U.S.

Fraud 115

Fraud Survey Taxes Regulation 115

FICO

DECEMBER 9, 2020

In my previous post I looked at what was driving synthetic identity fraud and discussed the difficulties in classifying both first-party fraud and synthetic identity fraud. An inherent challenge with first-party fraud is sorting out fictional customers from real ones without reducing business. What to Do.

Fraud 52

Fraud Strategy Analysis Analytics 52

Abrigo

JULY 14, 2023

Before finalizing this goal, management should consider the following: Historical trends Current CRE concentrations Market analysis Loan pricing considerations Real estate industry performance and Peer comparisons. This exercise may reveal the need for bigger-picture data analysis. CRE concentration report.

Strategy 195

Strategy Data Analytics Analysis 195

Gonzobanker

SEPTEMBER 21, 2023

CSI partnered with Dragonfly for treasury management and with Hawk AI for fraud and anti-money laundering solutions. The two firms previously agreed to sell Black Knight’s Empower LOS to Constellation Software as part of their merger agreement (see further analysis and impact ). an embedded payments platform for fintechs.

Fintech 103

Fintech Software Illinois Lending 103

PYMNTS

AUGUST 15, 2019

PSD2 compliance challenges continue to roll in, with strong customer authentication (SCA) requirements headed merchants’ way next month. That can lead to confusion and misunderstandings, with the latest analysis from Ekata revealing 25 percent of merchants across the European Union unaware of the upcoming SCA requirements.

Payments 122

Payments Analysis Cards Compliance 122