PYMNTS

NOVEMBER 17, 2020

But, as three banking security experts told Karen Webster, that same trillion-dollar loss represents a significant authentication opportunity for financial institutions (FIs) if they leverage risk-based authentication and behavioral analytics to help shape and safeguard the great digital shift. Deputizing The Consumer.

Fraud 195

Fraud Mobile social media Security 195

PYMNTS

NOVEMBER 20, 2019

This rampant availability of users’ data makes it easier for bad actors to wreak havoc and commit fraud. She recently spoke to PYMNTS about how Scotiabank has revamped its fraud strategy in recent years. “I The increasing sophistication of fraud attacks has led Scotiabank to reassess how it employs AI, ML and automation.

Fraud 117

Fraud Data Management Analytics 117

FICO

DECEMBER 5, 2018

Digital banking channels are increasingly popular, and behavioral profiling of customers is vital in preventing new types of fraud. The open banking revolution makes understanding each customer’s behavior even more important in preventing fraud by considering all the aspects of transactions. favorite beneficiaries.

Analytics 45

Analytics Fraud System Data 45

FICO

MAY 18, 2023

The innovative pay-as-you-go solution allows Dock’s clients, including banks, fintechs, and retailers, to intercept fraudulent transactions and protect their operations, while also improving the user experience. The fraud prevention solution is based on FICO® Falcon® Fraud Manager and FICO® Customer Communication Services (CCS).

Fraud 52

Fraud Technology social media Innovation 52

NCR

JULY 31, 2017

As we explored in the first part of this two-part guide, digital banking fraud is an escalating threat to financial institutions and their customers. Digital banking fraud can take many forms, such as identity fraud and account takeover , which are becoming increasingly common. million in 2016.

Fraud 74

Fraud Digital Banking social media Security 74

FICO

NOVEMBER 8, 2022

Strong Fraud Protection Could Draw More Customers - Survey. Fraud protection is now firmly on the radar for consumers and has risen substantially as a deciding factor - it could even be a competitive advantage for banks. In the UK, trade bodies have called for fraud levels to be considered a national security threat.

Fraud 52

Fraud Survey Security eBook 52

FICO

JANUARY 10, 2023

Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules. In a year that saw the word "scamdemic" coined, scams such as authorised push payment fraud were top of mind, along with various other fraud schemes. Few things change faster in the financial services space than fraud trends. FICO Admin.

Fraud 52

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FICO

DECEMBER 7, 2020

With the FICO Platform, FICO has re-architected our industry-leading FICO® Falcon® Fraud Manager and the FICO® Siron® Anti-Financial Crime compliance suite, converging the functionality of both of these market-leading solutions under a completely new code line to run as a single, cloud-based software platform.

Fraud 52

Fraud Analytics Compliance Software 52

PYMNTS

APRIL 28, 2020

“They’re responding to what’s going on in their environments,” noted Salzer, “whether it may be the particular statistics for hospitalizations and COVID-19-related deaths or governmental orders that may apply to their branches and operation centers.”. Digital banking will also become more widespread. “As

Digital Banking 248

Digital Banking Online Fraud Customer Experience 248

FICO

MAY 6, 2022

Following the highly successful The 11 Commandments of Digital Banking eBook , we are completing our series of 5 deeper dive blog posts that group the 11 Commandments below into common themes: Digital lift-and-shift is not a strategy! Read my post: 11 Commandments of Digital Banking: The Customer Journey.

Digital Banking 52

Digital Banking System Data Customer Experience 52

FICO

MARCH 11, 2021

Delivering leading AI-driven fraud prevention to a new business model. Conductor, the leading payments and banking-as-a-service platform in Latin America, has increased fraud detection by 25 percent and reduced overall payments fraud by 18 percent. You can read more about this story in the full media release.

Fraud 52

Fraud Analysis Cards Payments 52

FICO

FEBRUARY 12, 2023

Home Blog FICO Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models. what’s happening in the moment). or “Good Afternoon!”

Digital Banking 52

Digital Banking eBook Analytics Customer Experience 52

FICO

JANUARY 9, 2019

As advanced analytics permeated nearly every industry in 2018, FICO’s thought leaders continued to push it into new areas. Here were the top 5 posts in the Analytics & Optimization category last year. Advancing the Field of Prescriptive Analytics. The Financial Industry’s Digital Transformation. Read the full pos.

Analytics 40

Analytics Fraud Training Data 40

FICO

FEBRUARY 5, 2018

How is application fraud evolving? And what should fraud leaders be doing to manage fraud risk in a digitally connected world? To answer those questions, we spoke with a man with 25 years of experience in fraud management, Bob Shiflet. This balancing act ultimately requires banks to set a fraud risk appetite.

Fraud 60

Fraud Management Analytics Strategy 60

PYMNTS

JUNE 20, 2019

The FI has used data analytics since its inception but began an initiative to centralize and expand its program just three years ago, according to Chief Information Officer Tony Hildesheim. Using data analytics to detect fraud . As with many CUs, fraud detection is one of the biggest challenges Redwood faces today.

Data 108

Data Analytics Fraud System 108

PYMNTS

FEBRUARY 26, 2020

Back then, FinTechs asked for forgiveness instead of permission, rushing headlong into markets, disrupting them and operating in newly invented spheres of finance that regulators barely understood. That may be inaccurate, but it’s clear that the Chinese are exerting a higher level of control over digital banking activities than ever before.

Regulation 130

Regulation Case Study Fraud Study 130

FICO

JANUARY 5, 2021

It’s no surprise that COVID-19 would be one of the subjects that drew readers to the FICO Blog last year, but for the Fraud Protection and Compliance category it wasn’t the only top draw. Two of our top five posts focused on digital transformation innovations in biometrics and customer identification.

Fraud 52

Fraud Compliance Survey Google 52

PYMNTS

JUNE 26, 2020

Digital banking has become the new normal as social distancing guidelines and stay-at-home orders have drastically curbed financial institutions’ (FIs’) abilities to conduct in-branch services. Online account openings increased by more than 200 percent in April, while all mobile banking traffic rose by 85 percent.

Digital Banking 220

Digital Banking Guidelines Trends Online 220

PYMNTS

FEBRUARY 11, 2020

This new feature leverages our deep knowledge and proven capabilities in fraud detection and prevention, data analytics, direct messaging and reporting to help Canadian businesses manage their payment process with greater ease and confidence,” said Peter Maoloni, vice president of Product & Platform Delivery for Interac Corp.

Analytics 144

Analytics Fraud Management Payments 144

PYMNTS

MARCH 2, 2020

Banks worldwide are leveraging various tools and technologies as they move toward digital-first branch locations. Cloud computing, advanced ATMs and data analytics are just some of the offerings being employed by financial institutions (FIs) to meet customers’ demands for digital experiences. Digital-First Challenges .

Tools 169

Tools Alabama ATM Digital Banking 169

PYMNTS

DECEMBER 15, 2020

Scott said that’s because many consumers are realizing that payments done through digital and contactless conduits are, in a word, easier. Beware Of Fraud . Scott noted that it’s become important for CUs to sharpen their anti-fraud efforts to protect members and give them peace of mind as they transact digitally.

Course 186

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PYMNTS

SEPTEMBER 8, 2020

The result is a slew of unstructured data coming in from a variety of sources; financial service providers must try to make sense of it in order to maintain regulatory compliance and mitigate the risk of fraud. Middesk aims to help these firms streamline and digitize this process. On Tuesday (Sept. On Tuesday (Sept.

Fintech 198

Fintech Compliance Fraud social media 198

PYMNTS

MARCH 3, 2020

Banks looking to make the most out of these rare visits must use the latest technologies. Digital-first transformations can improve personalization and operating efficiencies, but they also bring challenges, including adoption-related costs and new avenues for fraud. million compared to unsecured companies’ $5.16

ATM 151

ATM Fraud Study Regional 151

PYMNTS

JUNE 27, 2018

CBX uses APIs , machine learning, predictive analytics and other technologies to automate and customize operations for corporate banking and B2B transactions. The goal of the technology is to determine, via business data, the “best-next” actions for banking clients.

Big Data 171

Big Data Analytics Case Study Data 171

Gonzobanker

JULY 8, 2022

The operational world of cash, checks, deposit slips, passbooks, and teller terminals used to dominate bank tech budgets. Those were the days of green screen cores and server-based ancillary applications, and digital banking was a Star Trek thing of the future. The New CIO Skillset. With a stronger I.T.

Resources 139

Resources Leadership Technology Management 139

PYMNTS

OCTOBER 27, 2019

Mastercard also said it has unveiled a new business initiative dedicated to helping healthcare partners, including payers and providers, to reduce costs and fight fraud. Against this backdrop, the company will begin using the Mastercard Test and Learn analytics tool within the healthcare setting. Healthcare. The Partnership Ecosystem.

blockchain 101

blockchain Guidelines Fintech Fraud 101

South State Correspondent

JUNE 27, 2023

Bank data is much the same. You can survive as long as you use the same ecosystem, such as your core system and digital banking platform. This creates a standard set of business “objects” that are specific to banking. Data will be able to be leveraged across products and silos and banking automation will become easier.

System 195

System Data Examples Payments 195

PYMNTS

OCTOBER 27, 2019

Mastercard also said it has unveiled a new business initiative dedicated to helping healthcare partners, including payers and providers, to reduce costs and fight fraud. Against this backdrop, the company will begin using the Mastercard Test and Learn analytics tool within the healthcare setting. Healthcare. The Partnership Ecosystem.

blockchain 100

blockchain Guidelines Fintech Fraud 100

Gonzobanker

JANUARY 4, 2023

Consider: Digital banking/channel migration plan – The institution’s digital banking plan involves every line of business that touches customers. Risk plan – Operational risk management is a company-wide discipline that has become the focus of regulators, boards, and the “C” level. digital banking).

Technology 78

Technology System Software Groups 78

FICO

NOVEMBER 15, 2022

Digital banking is used by an estimated 93% of the UK adult population and is forecast to increase further within the next two years. By 2024, 435 million Europeans are predicted to be using online and mobile banking – up from 398 million today. Watch the webinar Putting Your Analytics Into Action. Matt Cox.

Analytics 52

Analytics Fraud Case Study National 52

PYMNTS

MAY 5, 2017

The news of the Sabre breach investigation comes just a few days after omnichannel tech and operations company Radial released some alarming new fraud insights from the retail space which should work to further fan the fire beneath cybersecurity and authentication initiatives for businesses operating online.

Cards 113

Cards Fraud Security Retail 113

PYMNTS

SEPTEMBER 6, 2016

Citing the 2014 North America Consumer Digital Banking Survey by Accenture, amazingly, 50 percent of people would use banking services from a Square app if they were offered one, and 41 percent would use banking services from PayPal. This is what connects a bank’s services with third parties.

Security 100

Security CA Payments Big Data 100

PYMNTS

OCTOBER 11, 2018

PSCU works with credit unions individually, and as a collective network, with an emphasis on bringing forward “leading-edge technologies,” solutions and programs that optimize credit union operations. And that data, Fagan noted, is extremely useful in a variety of contexts — like fraud mitigation.

Fraud 140

Fraud Training Cards Tools 140

PYMNTS

NOVEMBER 23, 2020

In other words, SMBs’ use of FinTech products outside of legacy financial institutions’ ecosystems is cutting off those traditional lenders from the COVID-era data flows and analytical insights SMBs now need. As Potter noted, “transactional data is not coming through the banks as it used to. Deluxe itself has 4.5

Data 143

Data User Experience Fintech Lending 143

PYMNTS

NOVEMBER 15, 2019

Banks that do not provide even the simplest of products risk falling behind. . Many banks are taking digital-first approaches to meeting these demands, leveraging technologies such as AI, ML and data analytics to automate and improve customers’ banking experiences.

ATM 127

ATM Video Survey Chicago 127

Cisco

APRIL 7, 2019

While banks work to build the right customer experience across channels, emerging technologies like voice-first banking and intelligent chat bots gain footing. It’s clear intelligent assistants will begin to play a significant role in consumer digital banking transactions. Smarter Analytics for Banks (McKinsey).

Trends 64

Trends Cyber Security Big Data Analytics 64

FICO

MARCH 17, 2017

While the financial benefits of the model for banks are obvious, the big question is, how do banks approach this massive undertaking? And especially the more traditional banks who have only just started to integrate many aspects of digital into their operations and offerings?

Analytics 40

Analytics Fraud Mobile Cards 40