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The fraud triangle: What it is and how to apply it to your customers

Abrigo

Would you like other articles like this in your inbox? Use the fraud triangle to prevent fraud at your institution The concept of the fraud triangle is frequently used in business, accounting, and criminology. How can you put it to use at your financial institution? The FTC received fraud reports from 2.4 But why exactly is that the case?

Fraud 195
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The most-read AML/CFT & fraud blogs of the year

Abrigo

Download now Takeaway 1 AML/CFT and fraud professionals often keep up to date on industry trends by reading Abrigo's blog. Abrigo, a leading technology provider of software solutions for financial institutions, published more than 30 risk management articles on its industry-focused blog in 2023.

Fraud 221
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10 Big and Small Ideas From Gartner and Money 20/20 – Recap

South State Correspondent

Instead of shopping online and scrolling through a catalog of products, consumers would like to see something on Reels or Tik Tok and buy there. Our teams just returned from back-to-back weeks at the Gartner Symposium in Orlando and Money 20/20 in Las Vegas. Small Idea – It’s Our Kid’s Technology. cyber, infrastructure, and regulation.

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How Banks Are Using AI for Document Intelligence

South State Correspondent

In this article, we detail the state of document intelligence for banks and highlight how it leverages the latest in artificial intelligence (AI) and workflow automation. The challenge is that most of the data in documents are “dark data” or unstructured data that is hard to find, analyze and manipulate.

Training 448
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Growth Loops – The New Way To Grow Bank Product Sales

South State Correspondent

As a result, bankers love the idea of a sales funnel – put enough prospects at the top of the funnel, and a certain number of customers will fall out the bottom. Unfortunately, there are many problems with sales funnels, and in this article, we will show why banks should be thinking in terms of “Growth Loops” instead.

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10 Data-Driven Ideas To Increase Branch Engagement

South State Correspondent

The concept that we allow the customer to choose how they want to bank often enables the bank to be passive in its position and give up agency. In this article, we look at cell phone tracking data for about 1,000 branches across the industry to derive insights to help banks increase branch engagement and boost branch profitability.

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For faster loan origination, stop doing this

Abrigo

How to close more loans by speeding up lending and credit analysis Seeking a quicker loan origination workflow is worth it. This article explains why seeking a quicker loan origination system workflow can be worth it, and it outlines, step by step, where opportunities for improvement lie in traditional lending processes.

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