American Banker

JUNE 1, 2023

He says a recent American Banker investigative article "ignores the fact that Comerica took steps to protect Direct Express users when it became aware that a third-party vendor had not followed program protocols for reviewing customer inquiries.

Dallas 36

Dallas Cards Management Company 36

South State Correspondent

MAY 30, 2024

In the article, we explore the myths around eligibility and provide many banks with a path forward. Our team has worked with approximately 55+ banks and secured over $82 million in credits. Inability to hold in-person meetings—with customers, partners, regulators, industry representatives, and more.

Georgia 195

Georgia Alabama New Jersey Taxes 195

South State Correspondent

APRIL 23, 2023

Analysts, regulators, legislators, and bankers have been attributing the root cause of SVB’s failure in the past month. Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run.

Management 195

Management Security Risk Management social media 195

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Of course, banks and credit unions are highly regulated industries, and this is increasing. They must not only comply with regulations aimed at protecting the safety of the FI but also those protecting the customers/members.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Of course, banks and credit unions are highly regulated industries, and this is increasing. They must not only comply with regulations aimed at protecting the safety of the FI but also those protecting the customers/members.

Technology 195

Technology Fraud Compliance Regulation 195

Perficient

DECEMBER 14, 2020

In the previously cited article, it is projected that an additional 20% of enterprises will prepare for IT workload disruptions by protecting data in the public cloud. Cloud Computing will be Increasingly Regulated.

Technology 348

Technology Trends Software Resources 348

Abrigo

APRIL 18, 2022

Would you like other articles like this in your inbox? Takeaway 3 As global interest in digital assets continues to rise, expect to see more regulation and even centralization of digital currency. For purposes of this article, digital assets are defined as a representation of value only available in electronic form.

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

Abrigo

JULY 13, 2023

Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. Would you like other articles like this in your inbox? Takeaway 1 Investment fraud schemes known as pig butchering scams contributed to $3.3

Fraud 195

Fraud cryptocurrency Training social media 195

Perficient

MAY 12, 2023

Anyone reading this article on an online device is reaping its benefits. It requires high-performance, secure networks that can integrate with legacy environments to support critical processes with 24/7 availability, high speed, and very fast responsiveness. What is Industry 4.0? is starting. The path to Industry 4.0 Industry 4.0

Management 275

Management Industry Innovation Operations 275

Abrigo

AUGUST 27, 2021

Would you like others articles like this in your inbox? Hannakah Rubin , CAMS also contributed to this article Recent statistics show cyber-enabled fraud is on pace to reach new highs for this type of illegal activity. BSA Rules and Regulation. BSA Rules and Regulation. BSA Rules and Regulation. Takeaway 2 The U.S.

Fraud 195

Fraud Training Regulation Video 195

Abrigo

MARCH 8, 2024

Would you like other articles like this in your inbox? Tightening security Preventing pig butchering schemes So, how do we, as financial institutions and concerned citizens, stop clients, businesses, friends, and family from becoming a victim? Educate yourself about imposter scams and the methods used to gain your information.

Fraud 195

Fraud Technology Trends Training 195

PYMNTS

NOVEMBER 11, 2020

The European Data Protection Board (EDPB) adopted recommendations to assist data exporters with evaluating countries to ensure that they are adhering to the bloc’s level of protection under the EU General Data Protection Regulation ( GDPR ) and finding further measures as needed. The board identified five main Article 46 GDPR transfer tools.

Data 202

Data Compliance Exercises Tools 202

Abrigo

MARCH 11, 2022

Expert insights on 10 regulatory topics that NBFIs should consider this year Review this list of what regulators are looking for in 2022 to help your NBFI pass exams with flying colors. Takeaway 3 NBFIs should review common deficiencies in AML programs that regulators are citing and fix issues before their next audit or exam.

Regulation 195

Regulation cryptocurrency Policies Management 195

CFPB Monitor

OCTOBER 28, 2019

Final regulations adopted by the New York Department of Financial Services (NYDFS) to implement the state’s new student loan servicing law became effective on October 16, 2019 upon the publication by the NYDFS of a Notice of Adoption in the State Register. The new law , known as Article 14-A, was enacted on April 1, 2019.

New York 60

New York Regulation Policies Meeting 60

Abrigo

MAY 30, 2024

Would you like other articles on BSA/AML training in your inbox? This demographic shift, particularly in the developing world, brings attention to the unique challenges older persons face, including those related to human rights and financial security. Elder fraud, a severe form of EFE, continues to grow at an alarming rate.

Fraud 221

Fraud Training Trends National 221

Abrigo

JUNE 15, 2023

Protect the financial institution from money laundering through real estate FinCrime professionals should be able to detect when real estate is being used for money laundering, especially given heightened Russian sanctions Would you like other articles like this in your inbox? national security and the integrity of the U.S.

Training 195

Training Regulation Compliance System 195

PYMNTS

JANUARY 19, 2018

Fizzle of the Week: Cryptocurrency Regulation. The saga over bitcoin and its relationship to various regulators has become something of the payments answer to a romantic comedy. But the idea that regulators can wave a wand and make bitcoin go away? So, time to panic in bitcoin land? Easy come, easy crypt-go, it seems.

Bitcoin 123

Bitcoin Regulation cryptocurrency Taxes 123

Abrigo

MARCH 7, 2022

Experts weigh in on regulatory hot topics for 2022 Review these 10 insights into what regulators are looking for in 2022 to help your financial institution pass exams with flying colors. Takeaway 1 Regulators have increased their focus on BSA in the first quarter of 2022, and the crisis in Ukraine will put OFAC in the spotlight.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

Abrigo

SEPTEMBER 20, 2023

Would you like other articles like this in your inbox? Armed with newly pilfered social security numbers , names, and birthdates, they aim to submit these fraudulent forms before the taxpayers do. Takeaway 1 Fraudsters file illegitimate tax returns early, hoping people wait to submit their legitimate ones.

Taxes 195

Taxes Fraud Trends Exercises 195

Accenture

JULY 19, 2017

The PSD2 regulatory technical standards for strong customer authentication (SCA) and secure communication (SC) are proving difficult to finalize. The security, authentication, fraud monitoring and secure communication methods (covered in the RTS) are the bank/PSP’s choice, between January 2018 and the RTS date (in 2019).

Security 174

Security Online Compliance Fraud 174

PYMNTS

JANUARY 25, 2019

The Irish Data Protection Commissioner (DPC) is Twitter’s lead regulator in the European Union. This inquiry will examine a discreet issue relating to Twitter’s compliance with Article 33 of the GDPR.”. On Friday (Jan.

Data 190

Data social media Compliance Survey 190

Abrigo

SEPTEMBER 3, 2021

Would you like others articles like this in your inbox? Where fraud prevention, AML, and IT security historically stayed in separate pillars of financial institutions, it is now imperative that each of the divisions communicate regularly, and cross-monitor for these threats.

Training 195

Training Software Fraud Security 195

Abrigo

MAY 8, 2024

Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. Another reason for reluctance about generative AI is the highly regulated nature of banking. See how to implement generative AI with speed and safety in this article by McKinsey & Co.

Examples 221

Examples Fraud Resources Risk Management 221

PYMNTS

FEBRUARY 1, 2019

According to the Financial Times ( FT ), the German financial regulator and prosecutors in Munich have opened up a preliminary investigation into the payments company. Shares in Wirecard fell as much as 25 percent after the article was published, and closed down 13.4 The German financial regulator, BaFin , announced on Thursday (Jan.

Regulation 144

Regulation Marketing Compliance Report 144

PYMNTS

AUGUST 3, 2020

” Wirecard declined to comment for the FT article. It is unclear whether the bank knew its services were being used to skirt anti-money laundering regulations, the paper reported. .” The FT added: “Since then, more than 30 people have been sentenced for mafia-related crimes linked to the case.”

Regional 362

Regional Online Fintech Regulation 362

Perficient

FEBRUARY 1, 2021

In today’s blog, we’ll discuss some of the latest and greatest features around Teams collaboration, meetings, calling, and security/compliance! For instructions on starting your first approval, check out Microsoft’s support article here ! Security and Compliance Updates. Secure Score for Teams.

Meeting 322

Meeting Compliance Cards Security 322

Abrigo

JULY 16, 2021

Would you like others articles like this in your inbox? Takeaway 2 Regulations haven't been written, but there are steps community financial institutions can take now to prepare. While these are general today, the AMLA requires that regulations be written around each Priority, as appropriate. financial system. How to prepare.

Community 195

Community Regulation Training Policies 195

Abrigo

JULY 29, 2021

Would you like others articles like this in your inbox? Security and Exchange Commission launched investigations into political corruption and started legislative efforts to thwart such acts in the United States. For this reason, FinCEN included this as a priority and a core national security concern for the United States.

United States 195

United States Training Community Policies 195

PYMNTS

JULY 21, 2019

and state regulators, although the dollar amount could change depending on how many people file claims, the WSJ article said. Among the biggest hacks in history, the impacted data included names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers.

Data 156

Data Exercises Security Policies 156

PYMNTS

MARCH 7, 2018

Reuters reported news that the price of the marquee name in cryptocurrencies dipped as low as $9,450 in intraday trading when the Securities and Exchange Commission (SEC) announced there were “potentially unlawful” systems operating that allow the trading of cryptocurrencies.

Bitcoin 108

Bitcoin cryptocurrency Regulation Security 108

PYMNTS

JANUARY 29, 2020

The company’s articles of incorporation reference “the digital nature of the shares (tokens) and the use of the blockchain as the technology to keep the shareholders registry.”. The prospectus said that the company is offering 8,399,000 “common equity share security tokens” on the ethereum blockchain. 29) by Coindesk.

blockchain 133

blockchain Groups cryptocurrency Bitcoin 133

Independent Banker

APRIL 30, 2022

For this and other reasons, now is a good time to review and refresh articles, bylaws and committee charters to ensure resilience and bolster risk management. The key COVID-19 issue in this workforce pivot was ensuring that Oregon Pacific could secure customer and proprietary data with employees working from their kitchen tables.

Oregon 91

Oregon Community Bank Community Meeting 91

Abrigo

NOVEMBER 17, 2023

The true cost of fraud goes beyond the initial reported fraud losses Would you like other articles like this in your inbox? Institutions must invest not only in advanced security measures and skilled personnel but also in client education and community engagement to combat fraud effectively. Measuring the cost of fraud losses.

Fraud 195

Fraud Training Trends Compliance 195

Abrigo

MAY 12, 2022

Would you like other articles like this in your inbox? Takeaway 3 Be proactive by attending training, reading articles, and staying abreast of the newest trends and FinCEN advisories. A personal data breach is a leak/spill of personal data released from a secure location to an untrusted environment. These measures can help.

Fraud 195

Fraud Training cryptocurrency Software 195

PYMNTS

DECEMBER 5, 2018

The funding will be used to hire staff, “build out our infrastructure and secure the appropriate steps are taken to develop a regulated market for digital assets,” said ErisX Chief Executive Officer Thomas Chippas, according to Reuters. We found a proliferation of press releases, white papers and persuasively written articles.

blockchain 166

blockchain Bitcoin cryptocurrency Analysis 166

Abrigo

APRIL 20, 2016

With the pressures of changing regulations and data security continuing to increase, banks and credit unions must remain vigilant when it comes to their data. Ensuring that data is of high quality, accessible and secure is key to keeping up with this changing environment. They recommend dividing key stakeholders into two groups.

Data 150

Data Compliance Regulation Security 150

PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Reuters quoted central bank Vice Gov. Any FinTech disruptor, when it becomes so big, represents systemic risk,” he told Webster.

US 168

US Regulation Groups System 168