FICO

MARCH 11, 2020

This type of fraud is known as subscription fraud or first party fraud, where a consumer is opening an account for a subscription service (e.g., This type of fraud can constitute 10-20% of the bad debt. In this blog post I will look at: The growing problem of subscription fraud. This is not subscription fraud.

Fraud 52

Fraud Industry Analytics Strategy 52

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. Strategies and Tools for Fighting BNPL Fraud. A BNPL Primer.

Fraud 52

Fraud Cards Millennials Utah 52

FICO

JANUARY 19, 2022

From TBML to BNPL to NFTs, 2021 found fraud and financial crime professionals dealing with a plethora of new challenges and criminal schemes. Our five most popular posts of the year dealt with trade-based money laundering, non-fungible tokens, buy now pay later scams, courier scams and good old credit card fraud. Here are excerpts.

Fraud 52

Fraud Cards Report Analytics 52

Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

Fraud 93

Fraud Training Cards Data 93

Gonzobanker

AUGUST 17, 2022

Digital banking provider Alkami acquired data analysis and marketing campaign management provider Segmint Digital banking and payments provider Bottomline was acquired by Thoma Bravo for $2.6B. Keep an eye on the initial banks working on these projects. Digital Engagement Had Great Attendance and Extracurriculars.

Fintech 184

Fintech Lending Software Compliance 184

PYMNTS

APRIL 29, 2020

Managing a slew of PSP integrations is no easy or quick task, but businesses can turn instead to payment orchestration platforms (POPs) to ease the way. POPs can also provide merchants with other, related assistance like risk analysis and support fo r managing transaction flows.

Online 192

Online Payments Report Fraud 192

PYMNTS

JUNE 2, 2017

Online fraud falls — a LOT: Contrary to popular opinion — and perhaps contrary even to logic — the fraud fight has given a round to the good guys, even if the battle is far from over. Online fraud is down 34 percent, overall, at the end of Q1 2017 versus a year ago. percent annually through 2020, to top $8.1 trillion that year.

Fraud 109

Fraud Conference Online Samsung 109

PYMNTS

JULY 21, 2020

At the same time, however, these innovations have also introduced unfamiliar disruptions to antiquated workflows, creating new challenges for treasurers to understand how to readjust their processes and cash flow management strategies as their role within the enterprise grows more complex and valuable. ” Challenge Turned Opportunity.

Management 160

Management Innovation System Fraud 160

PYMNTS

JANUARY 17, 2018

Trend Lab was established in less than three months by its Founder and CEO Tin Mok, reports said, who wants to enhance FinTech across Hong Kong and the Asia-Pacific region. Hong Kong has emerged as a hotbed for FinTech innovation, especially when it comes to technologies like blockchain.

Trends 116

Trends Big Data blockchain Regional 116

Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

Fraud 70

Fraud Training Cards Data 70

Abrigo

DECEMBER 19, 2019

To grow the loan portfolio, financial institutions are automating the entire life of a loan , starting with the application and origination process, to underwriting and credit analysis, all the way through loan pricing and onboarding process. Fraud Prevention. Fraud Trends. Fraud Prevention. Fraud Prevention.

Lending 195

Lending Fraud Community FDIC 195

PYMNTS

JUNE 2, 2016

APEX Analytix , which focuses on supply chain management and optimizing the use of working capital, late last month announced the newest release of its FirstStrike SmartVM, which is software geared toward sourcing, scrubbing and simultaneously cleaning data that flows across corporate clients’ transoms about their suppliers.

Data 100

Data Analytics Fraud Taxes 100

FICO

FEBRUARY 1, 2023

Despite many families so far managing to maintain their financial commitments — loans, credit card and mortgage repayments, as well as essential bills like utilities and rent — there are fears that rising inflation and interest rates may see a significant number struggle to make ends meet. A cloud-based platform is vital.

Management 52

Management Fraud Strategy Analysis 52

FICO

JUNE 12, 2020

In comparison to others in the Asia Pacific region, regulation has evolved due to last year’s Royal Commission, updates to the privacy act as well as changes enacted by global bodies such as the FATF (Financial Action Task Force). Like other advanced financial sectors, Australia has a complex and evolving regulatory environment. and the U.K.

Fraud 52

Fraud Compliance Regional System 52

PYMNTS

NOVEMBER 20, 2020

As Red Dot Managing Partner Yaniv Stern told Karen Webster in a recent interview, the venture capital firm’s new eastern outlook is all about post-pandemic recovery and growth. For instance, Red Dot recently took a stake in EverC , which deals with fraud detection and compliance on the merchant side. “We

Capital 192

Capital United States Strategy Conference 192

PYMNTS

OCTOBER 21, 2019

The new SCA Impact Playbook explores how subscription-based merchants can prepare for SCA and manage conversion, churn and card-based risk. The goal is for merchants to think about how they will manage the SCA transition, and to develop a fraud and exemption strategy. The Three Cs: Conversion, Churn and Card-Based Risk.

Strategy 100

Strategy Compliance Fraud Payments 100

FICO

NOVEMBER 23, 2021

FICO has announced its panel of independent judges for the 2022 FICO® Decisions Awards , which honor businesses achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. He has an MBA from the Indian Institute of Management.

Meeting 52

Meeting Analytics Risk Management Management 52

PYMNTS

MAY 23, 2016

In this week’s Data Digest, we look at the latest statistics on the parts of the enterprise that could sneak up on corporate money managers. 300,000 in hidden fees can hit travel companies when paying suppliers , according to analysis from eNett. The reason?

Operations 100

Operations Regional Survey Management 100

PYMNTS

JUNE 23, 2017

.’s AimBrain deploys biometric authentication technology to combat fraud for FinTechs and financial institutions. With more than $5 million in new funding, the company will be able to reach more customers with its services, which include customer verification via voice and even analysis of how a customer interacts with a device.

Fintech 171

Fintech Marketing New York City Capital 171

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.”. We hope to get the legislation ready this year.”. Saudi Arabia.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

FICO

DECEMBER 2, 2020

Customer journeys driven through a well-designed banking app with mobile phones used for face and document image capture, fingerprint capture, device recognition and keystroke analysis augers well for both account applications and the ongoing authentication of customers returning to use their accounts through their banking app.

Survey 72

Survey Regional Compliance Fraud 72

Jack Henry

APRIL 30, 2014

In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks. Regional Coalitions. Information Sharing and Analysis Centers (ISACs).

Fraud 88

Fraud Cyber Security ATM FDIC 88

FICO

MARCH 6, 2020

I also manage the partner channels and programs for our financial crime compliance solutions. In 2014, I joined Tonbeller as Head of Sales & Channel Operations and became Management Board member shortly thereafter. FICO brings AI and advanced analytics to risk management, fraud detection, collections and much more.

Compliance 81

Compliance Technology Fraud Analytics 81

FICO

NOVEMBER 11, 2020

FICO has announced its panel of independent judges for the 2021 FICO® Decisions Awards which honor clients achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. Marcel Le Gouais, managing editor at Credit Strategy.

Meeting 52

Meeting Analytics Big Data Management 52

PYMNTS

MAY 2, 2016

Finally, there is new analysis on the risks tied to the buyer-supplier relationship, but this time, the risk is felt on the supplier side. The Asia-Pacific region, however, is hot on its heels, with rapid growth forecasted for this time period. 240 million is lost to invoice fraud a year by businesses in the U.K.,

Lending 100

Lending Security Fraud Regional 100

PYMNTS

NOVEMBER 29, 2019

We have a deep dive on accounts payable (AP) automation, analysis on “Google Checking” and news on the T-Mobile data breach. How Spend Tools Feed Food Banks’ Need For Accountability (Bento for Business Spend Management Playbook). How Ticketmaster Uses AI To Sort Fans From Fraudsters (DataVisor Digital Fraud Tracker).

Google 129

Google Mobile Data Capital 129

FICO

MARCH 18, 2020

With acceptance of biometrics becoming mainstream, and the need for fraud protection ever front of mind, how can banks use biometrics in order to be more effective and efficient? Fraud—do you need to change your approach to thwart a change or increase in attacks. Intelligent Orchestration of Multi-Factor Authentication.

Fraud 52

Fraud Analytics Samsung Comparison 52

FICO

FEBRUARY 18, 2021

Here are our five recommendations for credit risk managers. Therefore, we recommend that further detailed analysis of customer portfolios and more granular segmentation and modeling be applied to identify those customers already affected. Consider all your customer risk segments. New segments could include: Rescued but still at risk.

Policies 59

Policies Analysis Risk Management Data 59

Abrigo

OCTOBER 9, 2019

The scenarios can include increases in interest rates, changes in cap rates by regions (this helps when evaluating collateral components), changes in rents, vacancies, or expenses, and CRE collateral stress. Fraud Prevention. Portfolio Risk & CECL. Stress Testing: Are the Results Guiding Your CECL Decision-Making? Learn More.

Data 150

Data Exercises Software Tools 150

CB Insights

AUGUST 3, 2017

Our analysis delves into companies that focus on the financial services industry, including commercial banking and credit offerings, insurance, asset management, accounting, business management, personal finance, and regulatory & compliance services. Anti-Fraud : Companies offering payment fraud solutions.

Company 65

Company Fintech Comparison Marketing 65

FICO

AUGUST 10, 2022

Using AI, machine learning and predictive analytics, it streamlines originations, enabling smarter customer relationships and better customer management. Matt Cox is vice president and general manager of Europe, the Middle East and Africa for FICO, overseeing operations across the region. Matt Cox. See all Posts.

Lending 52

Lending Fraud Meeting Data 52

FICO

JANUARY 27, 2022

Managing risk and improving the customer experience during a pandemic presented credit professionals with new sets of challenges. For two-missed-payment rates, all regions have seen much lower results compared to last year and before the pandemic. For example, is application fraud or suspicious behaviour being flagged up accurately?

Analytics 52

Analytics US Trends Data 52

FICO

FEBRUARY 25, 2019

After a 2018 that had its highs and lows, what might 2019 have in store from a credit risk management standpoint? No clear explanation for this downward shift in repayment odds has emerged our research has found that this shift is consistent regardless of factors such as geographic region, age, and card payment behavior (e.g.,

Trends 63

Trends Fraud Data National 63

Let's Talk Payments

MARCH 1, 2016

We have been actively exploring FinTech ecosystems in Europe and hubs like London and Germany in particular. The next stop in our FinTech ecosystems haul will be France. The largest.

Regional 40

Regional Fintech Company Innovation 40

Insights on Business

NOVEMBER 26, 2018

I challenge that notion, and also present three key ways that the new approach to financial crime and compliance management moves away from the current, endless Sisyphean cycles and is a fulfillment of what many of your existing solutions promised: a better approach. But, often, this is not the case.

Compliance 123

Compliance Customer Experience Strategy Groups 123

FICO

NOVEMBER 2, 2017

Frank Holzenthal: To solve this from a technical standpoint, using a workflow management tool designed for exactly this kind of work means consistent audit trails, complete documentation, automatic reminders and follow ups, as well as automatic reassignment of responsibilities when staff are out sick, on vacation or changing employers.

Compliance 53

Compliance Regulation Data Management 53

CB Insights

FEBRUARY 21, 2019

Some big incumbents are already betting on the tech: Real estate giant RE/MAX has entered into several partnerships to explore blockchain use cases, while Hilton Worldwide has begun using a blockchain-based property management system. Property management. Title management. Property Management. Table of Contents.

blockchain 78

blockchain Fraud Technology Management 78