PYMNTS

MAY 19, 2017

Even as some countries move away from physical currency in favor of more modern payment methods, demand in larger nations means the Asia-Pacific region is still clinging to cash. Other key takeaways from the new PYMNTS.com Global Cash Index™ Asia-Pacific Analysis: China and India collectively spent $4.7 trillion in cash in 2015.

Report 136

Report Regional Analysis Payments 136

Abrigo

DECEMBER 20, 2021

CBOT had no analysis, documentation, or justification for exempting these customers. Automated templates for case closures : A preset list of reasons for closure was used by CBOT with no analysis or documentation as to why the reason for closing the case was used. and CDD will be top of regulators' minds for some time.

Resources 195

Resources Texas Analysis System 195

PYMNTS

MARCH 27, 2017

As far as cryptocurrencies have come in recent years, a number of security and fraud risk elements still remain. Recently, the nation’s cybercrime police unit claimed to have successfully prosecuted drug traffickers based on bitcoin transaction information sourced by a specialized software developed by the Danish National Cyber Crime Center.

cryptocurrency 100

cryptocurrency Security Bitcoin blockchain 100

Abrigo

JUNE 2, 2021

The guidance emphasizes a risk-focused approach to examinations and refocuses the regulators to scope each exam according to the unique financial institution, not to use a one-size-fits-all approach. Although this advisory is dated 2014, it is top-of-conversation among regulators even today. 6 Critical Areas. Culture of compliance.

How To 195

How To Training Compliance Policies 195

PYMNTS

FEBRUARY 21, 2018

Perhaps it isn’t surprising that analysts are now musing about how to avoid a repeat of the Punjab National Bank fraud scandal, and some are looking towards blockchain to do so. As regulators begin to consider blockchain regulations, many have signaled a desire not to hamper innovation while doing so. Saudi Arabia.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

Abrigo

MARCH 25, 2020

Key Takeaways Banking regulators say short-term, COVID-19-related loan modifications shouldn't automatically be categorized as TDRs. Regulators also announced other guidance tied to reporting and risk-based capital rules. Regulators also announced other guidance tied to reporting and risk-based capital rules.

FDIC 150

FDIC Regulation Exercises Community 150

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.

Payments 178

Payments Fraud Security Customer Experience 178

PYMNTS

MARCH 18, 2019

As such, the regulators and FIs seeking to crack down on these activities have their work cut out for them. . Approximately 2 percent to 5 percent of the world’s gross domestic product (GDP) – $800 billion to $2 trillion – is laundered each year, according to a report from the United Nations Office on Drugs and Crime (UNODC).

Compliance 181

Compliance Regulation Chicago Tools 181

PYMNTS

FEBRUARY 14, 2019

corporate structures that are tied to money laundering don’t meet the ownership regulation, but haven’t faced any punishment since the rules aren’t enforced, reported the Financial Times. The National Crime Agency in the U.K. Nearly half of the U.K. ’s corporate registry.

Regulation 115

Regulation Analysis Meeting National 115

PYMNTS

JULY 5, 2018

Reports are surfacing that, since the European Union’s General Data Protection Regulation took effect on May 25, customers exercising their rights under the law are contacting companies with questions about how their online data is being handled, and to request copies of that data. Breathing Room. Brazil Law?

Regulation 102

Regulation Data Exercises Online 102

CFPB Monitor

OCTOBER 25, 2022

A DFS analysis of the dealer markups of the contracts purchased by Rhinebeck during the relevant time period found that Black, Hispanic, and Asian borrowers, on average, paid more in discretionary dealer markups than non-Hispanic white borrowers at statistically significant rates ranging from 15% to 39%.

New York 78

New York Lending Community Bank Community 78

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 BSA Rules and Regulation. The new year often brings a time of reflection and goal setting.

Risk Management 195

Risk Management Regulation Management Report 195

PYMNTS

JANUARY 31, 2020

Even customer behavioral analysis can fall short of sensing some thieves, according to Doug Clare, vice president of fraud product management at the consumer credit score, analytics software and fraud detection platform provider FICO. 29), has Penn National Gaming Inc. billion during the recently completed year.

Cards 131

Cards Technology social media Meeting 131

PYMNTS

AUGUST 10, 2018

The new findings gathered by Juniper Research and published in its report, “The Future of Cybercrime & Security: Threat Analysis, Impact Assessment & Leading Vendors 2018-2023,” shows that there will be a staggering increase of 175 percent in cybercrime in 2023. The research also found that the U.S. by 2023.

Analysis 108

Analysis Data Analytics National 108

PYMNTS

MAY 9, 2016

The firm published its 2016 Small Business Fraud Report , emphasizing the risks that small businesses face in back-office fraud. Small businesses are also found to be adopting anti-fraud tools more slowly than larger companies, researchers said. Dive into the data below to make up your own mind. .

America 100

America National Capital Survey 100

PYMNTS

DECEMBER 12, 2017

Booth has been arrested twice for retail return fraud related to gift cards and is now in recovery from heroin and oxycodone addiction at Gateway with Smith. Retail return losses total between $9 billion and $15 billion per year, according to a 2017 survey by the National Retail Federation. Kristin Booth, 23, agreed with her.

Retail 105

Retail Fraud Cards Florida 105

PYMNTS

OCTOBER 10, 2019

Rising Know Your Customer and other risk mitigation regulations have the financial services world eyeing digital identity technology. Separate analysis from Valley National Bank, however, anticipates that artificial intelligence and biometrics are on the side in banks’ small business authentication strategies.

Strategy 124

Strategy Lending Knowledge Base Tools 124

PYMNTS

SEPTEMBER 2, 2019

While the debate continues as to whether the Fed’s service will help or harm the nation’s faster payments adoption, what’s clear about the regulator’s plan is that the country is indeed quickly moving toward real-time payments — and commercial transactions cannot be left behind.

Payments 186

Payments Cards Tools Technology 186

PYMNTS

FEBRUARY 15, 2017

Aiming to beef up security in connected and driverless cars , a group of lawmakers have introduced a bipartisan bill in the House of Representatives that would put the National Highway Traffic Safety Administration (NHTSA) in charge of studying security issues for cars and trucks that are connected and eventually driverless.

Study 120

Study Security CA National 120

FICO

FEBRUARY 1, 2023

Regulators have been pressing for banks and lenders to ensure they’re working at the speed and scale of their market — or even faster. Importance of Broader Data Sets and Real-Time Analysis to Informing Pre-Delinquency Strategies Added to the challenges of early detection is the impact of BNPL and point-of-sale finance.

Management 52

Management Fraud Strategy Analysis 52

FICO

AUGUST 10, 2022

Affordability became a top priority for regulators across the board. In the UK, new regulations relating to mortgage lending practices were introduced - including the mortgage affordability stress test. At the same time, regulators across the globe have increased pressure and scrutiny on lenders. See all Posts.

Lending 52

Lending Fraud Meeting Data 52

FICO

JUNE 11, 2018

For the past 22 years, the National Automotive Finance (NAF) Association has produced a report for the non-prime auto financing market which serves as a key source of benchmarking for those who participate in or support non-prime automotive financing. This is especially true of origination and collections, but also fraud.

Industry 53

Industry Fraud Survey Analytics 53

Tomorrow's Transactions

NOVEMBER 7, 2014

The nice people at the Fraud Advisory Panel invited me along to their expert stakeholder roundtable on “Protecting Consumers and Reducing Opportunities for Cybercrime”. The event had three main themes: The future of UK financial regulation and British competitiveness post-FSA. But we need new tools to help. Anyway, to the point.

Analysis 58

Analysis Bitcoin Fraud Cyber Security 58

FICO

MARCH 22, 2022

Account takeover fraud (ATO) occurs when an unauthorized person takes control of an account. While individuals are frequently the victims of account takeover fraud, businesses, particularly small businesses, can be as well. Fraud exists within a supply chain. How Can Financial Institutions Tackle Account Takeover Fraud?

Fraud 52

Fraud Examples Data Security 52

Abrigo

JANUARY 3, 2024

financial system, and regulators will expect it. According to the National Institute on Drug Abuse (NIDA), deaths involving synthetic opioids, primarily fentanyl, continued to rise, with 70,601 overdose deaths reported in 2021. from Mexican drug cartels. The illegal trafficking of humans is a multi-million-dollar industry.

United States 221

United States San Antonio Training Fraud 221

PYMNTS

DECEMBER 8, 2020

Cybercriminals are constantly one step ahead of government regulators, developing new and inventive schemes faster than the authorities can quash them. Some exchanges even deliberately avoid having KYC systems by obfuscating their country of origin to make it harder for regulators to impose national compliance guidelines.

cryptocurrency 261

cryptocurrency Mobile Compliance Analysis 261

PYMNTS

SEPTEMBER 21, 2020

The reality of the global financial system is that there will always be attempts to launder money and evade sanctions; the responsibility of banks is to build effective screening and monitoring systems, and we work closely with regulators and law enforcement to bring perpetrators to justice.”. In one example, reported on Monday (Sept.

Fraud 347

Fraud Report System FDIC 347

Abrigo

APRIL 18, 2022

Takeaway 3 As global interest in digital assets continues to rise, expect to see more regulation and even centralization of digital currency. Bitcoin and other digital assets have remained volatile without regulation, with generally more risk-tolerant investors using cryptocurrencies as an alternative payment method. Rapid Growth.

Fraud 195

Fraud cryptocurrency United States Leadership 195

Abrigo

NOVEMBER 22, 2021

Major consumer loan compliance regulations. Major consumer loan compliance regulations cover everything from taking applications and approving or rejecting the credit to collecting payments and reporting to the government on various aspects of the loans. Regulation Z, which implements the Truth in Lending Act (TILA).

Compliance 195

Compliance Lending Risk Management Regulation 195

Abrigo

MARCH 31, 2023

You might also like this webinar: "CECL implementation FAQs: Progress as 2023 approaches" listen Takeaway 1 The National Credit Union Administration emphasized interest rate, liquidity, and credit risk as main concerns. Takeaway 2 Credit unions may still have questions about regulatory expectations for CECL after adopting the new standard.

Risk Management 195

Risk Management Policies Capital Maine 195

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. The COVID-19 pandemic cast a huge shadow on the financial services worldwide.

Report 59

Report Payments Cards Data 59

PYMNTS

JANUARY 7, 2019

One of the main ideas behind Real ID is to make it easier to authenticate a person’s identity, and to do so according to a single, de facto national standard. As recent PYMNTS research has demonstrated, call centers are turning to biometrics to combat fraud via not only facial recognition , but other features.

Security 183

Security National Pennsylvania United States 183

CB Insights

FEBRUARY 21, 2019

In this analysis, we dig into how blockchain technology could change the real estate industry, and the areas where we’re already seeing its impact. Blockchains operate through decentralized peer-to-peer platforms, building resilience against the spread of corrupted information and boosting resistance to fraud. Table of Contents.

blockchain 78

blockchain Fraud Technology Management 78

Abrigo

JANUARY 13, 2023

national priorities. . Human smuggling is the facilitation, for financial or other material gains, of irregular entry into a country where the migrant is not a national or resident, according to the United Nations. BSA Rules and Regulation. Fraud Prevention. Fraud Trends. BSA Rules and Regulation.

social media 195

social media Training San Antonio National 195

PYMNTS

NOVEMBER 19, 2018

laws for anti-money laundering (AML) regulate digital currencies, per CoinDesk. He also noted that the Financial Action Task Force (FATF) “urges all nations to make clear that global anti-money laundering standards apply to virtual currency products and service providers.”. As it stands, the U.S.

Regulation 148

Regulation Bitcoin Study cryptocurrency 148

CFPB Monitor

FEBRUARY 17, 2021

companies regulated by the CFPB appear to take consumer issues reported to the Bureau seriously, and if any are slow to respond, it would be a small fraction of only 3% of CFPB-regulated entities. The CFPB has all of the data from the original complaints that it can draw upon to provide better data for such an analysis.

Regulation 78

Regulation Study Community Leadership 78

South State Correspondent

APRIL 15, 2024

Road trips, client meetings, briefings, and visits to call centers, branches, and regulators allow leaders to observe and assess the bank and the market. Use data, analysis, and decision making to figure out the truth, and not to justify existing thinking. This helped stabilize and strengthen the US financial system.

Community 195

Community Community Bank Leadership America 195