FICO

JANUARY 12, 2022

Should you centralize or converge fraud and financial crimes operations and technology? While some companies may find they can easily gain operational efficiencies, others may have good reasons to keep fraud and financial crimes operations separate. That largely depends on your organization. Flexibility and Explainability.

Fraud 52

Fraud Technology Management Trends 52

PYMNTS

SEPTEMBER 24, 2020

Every bank can offer ACH and card payments, but application programming interfaces ( APIs ), gathering data from disparate parts of the financial ecosystem, are helping make the bank account the focal point of the corporate’s universe, embedded into the ERP. Those executives will expect improved risk management services from their banks.

Payments 237

Payments Data Fintech User Experience 237

Perficient

MAY 17, 2022

Total outstanding debt in the sector grew by $84bn to $1.46tn, outpacing the increase seen in student and credit card debts combined.” We believe now is the perfect time for auto lenders to address their debt collection operations. Auto-loan originations in the U.S.

Strategy 294

Strategy Customer Experience Study Technology 294

FICO

SEPTEMBER 20, 2022

FICO fraud expert TJ Horan talks fraud management and responsible AI with FICO's Chief Analytics Officer, Dr. Scott Zoldi. There can sometimes be a big disconnect between the leading edge of analytic innovation, where Scott lives, and the everyday trenches of the war on financial crimes, where I am. FICO Admin. by TJ Horan.

Fraud 52

Fraud Analytics Strategy System 52

PYMNTS

SEPTEMBER 14, 2016

In a world where transactions now take seconds rather than minutes, hours or days to process and approve, the prevention controls must be exercised in real time with intelligence applied across the medium of channels that might be used in today’s digital world, including cards and online banking transactions. million in 2007 to £52.5

Fraud 100

Fraud Payments Customer Experience Exercises 100

Independent Banker

OCTOBER 28, 2014

Drew McMullen, a partner and managing director for Sense Corp. Community banks are using some basic analytics processes for reporting on account sizes, credit risk and elementary customer segments,” agrees Karan Bhalla, managing director for IQR Consulting in Santa Rosa, Calif. in Maplewood, Mo., Reporting data.

Data 88

Data social media Community Bank Community 88

FICO

JULY 1, 2022

Director, Product Management at FICO, and included panelists: Julie Conroy , Head of Risk Insights and Advisory at Aite-Novarica Group (US). Ulisses Okamoto , Fraud Risk Management Superintendent at Itaú Unibanco (Brazil). Kerem Özdamar , Fraud Risk Analysis & System Development Manager at Garanti BBVA (Turkey).

Fraud 52

Fraud Trends South Carolina Risk Management 52

FICO

FEBRUARY 12, 2018

For all the talk in the UK about disruptors and fintechs and new entrants to the credit market, and about how banks and card issuers need to manage customers in arrears, there’s one group that seems strangely absent from this focus: retailers. There are world-class collections operations in the retail space, of course.

Retail 63

Retail Management Analytics Compliance 63

PYMNTS

MARCH 26, 2019

While international growth may seem an opportunity too good to pass up for a small business, Laurent Descout, CEO and founder of corporate cash management FinTech Neo , says hard-hitting fees exacerbate the often damaging threat of currency and exchange rate volatility, leading some firms to give up on global aspirations. “On

Strategy 173

Strategy Management How To Risk Management 173

Independent Banker

NOVEMBER 25, 2015

It’s a worrisome and complicated dynamic that’s putting competitive pressure on community banks, but it’s also creating opportunities through data analytics, partnerships and the ability to innovate to meet evolving customer demands. “We This puts consumer data, and potentially credit ratings, reputations and bank accounts, in jeopardy.

Community Bank 70

Community Bank Community Analytics Lending 70

NCR

AUGUST 31, 2016

The web and mobile – go-to interaction channels for consumers – are of central focus for banks, credit unions and credit card companies: they’re key to creating a positive consumer experience, yet they are also vulnerable to cyber attacks by fraudsters.

Fraud 65

Fraud Analytics Cards Mobile 65

Gonzobanker

DECEMBER 22, 2020

An early innovator in commercial workflow and analytics, upcoming CIOs could learn a ton from John on how to partner and engage constructively with lines of business. Best Use of Card Rewards for Seat Upgrades We saw a Great Dane in the Comfort Plus section of the plane. The Best Card Loyalty Reward Goes to ugh… CASH!

Idaho 170

Idaho Community Industry Strategy 170

Independent Banker

NOVEMBER 13, 2014

Drew McMullen, a partner and managing director for Sense Corp. Community banks are using some basic analytics processes for reporting on account sizes, credit risk and elementary customer segments,” agrees Karan Bhalla, managing director for IQR Consulting in Santa Rosa, Calif. in Maplewood, Mo., Reporting data.

Data 70

Data social media Community Bank Community 70

Gonzobanker

AUGUST 6, 2014

RISK MANAGEMENT – If the cell phone number has been recently changed, the text message requests the customer to call the contact center to receive a verbal release code to give to the teller. Or maybe the customer just needs a debit card to access the funds. Now we’re talking revenue.

Risk Management 96

Risk Management eBook Management Technology 96

Gonzobanker

APRIL 28, 2020

With over 30% of non-interest income coming from card interchange, banks are seeing a major decline in swipe spend and are facing a serious hit to earnings from just the spending drop alone. Priority #3: Realign Business Priorities and Operations. Priority #4: Revitalize Sales and Marketing.

Strategy 78

Strategy Meeting Leadership Operations 78

Gonzobanker

DECEMBER 20, 2019

Second Curve analyst Zack Maxfield opened a TD Bank checking account on his phone in nine minutes while he waited to speak with a teller at one of the bank’s branches, but waited an hour to fund the account and order a debit card. The 2019 Industry Oh Sh*t Moment Award – Goes to Apple and Goldman Sachs for the Apple Card launch.

Idaho 148

Idaho Conference Data Marketing 148

PYMNTS

OCTOBER 31, 2016

Disappointed millennials rejected by credit card companies. In the last 12 months the marketplace has actively wondered if millennials are shunning credit cards, if they are unable to qualify for credit cards or if they’ve just sworn them off entirely. Investments pushed Amazon’s operating margin down to 1.8 Amazon’s $0.52

Data 100

Data Millennials Chicago Lending 100

FICO

MAY 27, 2021

Many of our award winners rose to the task with new solutions and capabilities built on analytic decisioning investments that helped them to pivot to new operating models and constraints. Decision Management Innovation. Decision Management Innovation. Prasanna Dhoré , Chief Data & Analytics Officer, Equifax.

Analytics 52

Analytics Fraud Management America 52

FICO

JUNE 14, 2021

For many options, borrowers first create an account with each BNPL firm they want to use, providing their debit card or bank information as the payment mechanism. For these reasons, BNPL loans, which are convenient and fast, can be an excellent spend management tool. They can then choose the BNPL option at checkout. Testing the Limits.

Fraud 52

Fraud Cards Millennials Utah 52

FICO

MARCH 25, 2022

To kick off the topic, Sid and I considered the essential questions of any fraud and risk management operation: Which technologies, techniques and methods will best work for the business? Can your fraud management shift along with those changes?” Proprietary or shared fraud detection models?

Fraud 52

Fraud Management System Course 52

FICO

JUNE 23, 2022

Julie and I kicked off our discussion with two essential questions: “How does the pandemic change the way banks operate, from a fraud perspective?” The pandemic had a significant impact on some organizations, as we had overseas first lines [of fraud operations] shut down for periods of time. The audience graciously laughed on cue.)

Fraud 52

Fraud Management Data Compliance 52

Gonzobanker

MAY 8, 2020

So far, bankers have taken comfort in the soundbite that “this crisis is different” because of the strong capital levels and risk management rigor that has developed since the Great Recession. Banks have an opportunity to be analytic and real for consumers and small businesses right now. Systematically drive payments revenue.

Lending 103

Lending Analytics Analysis Capital 103

FICO

AUGUST 3, 2022

They helped delegates understand how FICO’s social network analytics can be deployed to find the hidden links between entities, visualize the networks of criminal behavior and facilitate the prioritization and investigation of cases. Criminals are making use of automation to industrialize their fraudulent attacks, including card fraud.

Fraud 52

Fraud Analytics Trends Innovation 52

FICO

FEBRUARY 9, 2023

I’m curious as to how they balance their goals of delivering growth while managing the headache of rising interest rates, inflation and tightening budgets. They’re also operating against an increasingly competitive backdrop amid consumer expectations for faster, smarter, suitably tailored and personalized experiences.

Analytics 52

Analytics South Carolina Management US 52

FICO

JUNE 12, 2019

Demand for cyber risk quantification (CRQ) solutions is coming from insurers – keen to assess the risk in counterparties’ infrastructure – and more general financial services firms, which want to assess the risk in the systems they rely on for their operations.”.

Analysis 40

Analysis Risk Management Security Training 40

Gonzobanker

DECEMBER 22, 2014

Rise of the Analytics Organization in a Dog-Eat-Dog World – Brush off your resumes Gonzoanalysts, at our client roundtables we heard about analytics organizations being formed and analysts and managers being hired to head them. And won’t address the biggest area of fraud growth, which is card-not-present.

Los Angeles 101

Los Angeles Apple Risk Management California 101

FICO

MAY 18, 2020

For example, card clients saw a 10x increase in their provisions on their card portfolios. For operations, the IFRS 9 accounting standard represents a once-in-a-generation change for collections. For example, some major high street banks are looking at operating models completely differently than ever before.

Regulation 52

Regulation Operations Management Data 52

FICO

JANUARY 19, 2023

Here are my three predictions for risk management and customer treatment in 2023. It’s a trend that’s being driven by the relentless focus on customer experience thanks to the agile fintechs and disruptors operating across numerous markets. How credit and debit card spending and borrowing are changing over time.

Lending 52

Lending Strategy Analytics Data 52

FICO

DECEMBER 21, 2016

Analytics will be the new black. Of course, as an analytics provider, we would say that. To help in those efforts, regulators are requiring firms to improve their KYC programs with more detailed data and advanced analytics. Analytics clearly provide a better quality of outcome, but that’s not their only advantage.

Compliance 40

Compliance Analytics Taxes Groups 40

Gonzobanker

APRIL 28, 2016

They aren’t necessarily sexy or cool, but cockroaches are extremely efficient and manage to thrive even in harsh environments. They evolve their operations to find the optimal workflow and supporting processes to overcome every new obstacle. Bonus points for querying and analytical capabilities.

Regulation 60

Regulation Management Community Bank System 60

Insights on Business

AUGUST 28, 2019

They’ll do odd stuff like take money out of an ATM and put it back in to drive up their apparent activity, or run up a credit balance on a card, or all take out home equity lines of credit (HELOC’s) for the same amount, etc. Design “policy rules” in cooperation with higher powers in risk management. Another very good question.

Fraud 93

Fraud Training Cards Data 93

Insights on Business

AUGUST 28, 2019

They’ll do odd stuff like take money out of an ATM and put it back in to drive up their apparent activity, or run up a credit balance on a card, or all take out home equity lines of credit (HELOC’s) for the same amount, etc. Design “policy rules” in cooperation with higher powers in risk management. Another very good question.

Fraud 70

Fraud Training Cards Data 70

CB Insights

JULY 20, 2017

Data Security: These companies offer products and services that help financial institutions comply with regulations around securing data including but not limited to The Payment Card Industry Data Security Standard (PCI-DSS). Behavioral Analytics. Behavioral Analytics. Behavioral Analytics. Behavioral Analytics.

Security 30

Security Company Compliance Marketing 30

Gonzobanker

DECEMBER 17, 2021

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Simultaneously the bank invested in Paladin Fraud, Trabian Technology, and Chartwell Compliance to provide compliance and risk management solutions in the complex and connected web of fintech partnerships.

Fintech 142

Fintech Strategy Leadership Lending 142

CB Insights

JULY 16, 2017

HCS went through a major management shakeup in November 2016 when former AIG head of commercial insurance strategy and innovation Greg Wolyniec joined as president and CEO, while AIG president of liability and financial lines Alexander Baugh was named chairman of HCS’ board of directors.

Strategy 28

Strategy Marketing Analytics Innovation 28

CB Insights

DECEMBER 5, 2017

These include wireless home monitoring startup Notion (XL Innovate, Liberty Mutual Strategic Ventures), on-demand homeshare insurance startup Slice Labs (XL Innovate, Munich Re/HSB Ventures), virtual auto claims operations firm Snapsheet (USAA, Liberty Mutual), and contract-related insurance startup Bunker (American Family Ventures, Hiscox).

Strategy 28

Strategy Marketing Analytics Innovation 28

NCR

DECEMBER 7, 2016

These innovations are already changing how the industry operates and how businesses engage with their customers, and are only set to become more important in the years to come. Luvo will answer simple questions – such as ‘How do I authorize my card to be used overseas?’

Innovation 40

Innovation Cyber Security Fraud Industry 40