FICO

SEPTEMBER 20, 2022

Fighting Fraud with Responsible AI: My Talk with Dr. Scott Zoldi. FICO fraud expert TJ Horan talks fraud management and responsible AI with FICO's Chief Analytics Officer, Dr. Scott Zoldi. As for me, I’m a software guy and payments professional doing my best to roll with the changes in an ever-shifting fraud landscape.

Fraud 52

Fraud Analytics Strategy System 52

Gonzobanker

APRIL 23, 2020

It’s important that the institution understands which businesses might be labeled as high risk (e.g., those with onsite private ATMs, pawn shops, jewelry stores, and other cash-intensive businesses). The post Managing Commercial Real Estate in a COVID-Ravaged Landscape appeared first on Gonzobanker.

Management 80

Management Tampa Analytics Data 80

Abrigo

DECEMBER 7, 2021

Inherent risk is any activity or factor posed to the financial institution, notwithstanding applying any management or risk mitigation tools. After adjusting the inherent risk for the institution’s risk management controls, residual risk represents the bank or credit union’s current risk.

How To 195

How To Fraud Analysis Compliance 195

PYMNTS

OCTOBER 30, 2019

“Risk is always a concern when you are making a payment, when you aren’t face to face,” McFarland said. But where companies need to keep their focus is on the idea that risk and fraud are also associated with old, slow ways to pay. One, she pointed out, is that being slow doesn’t make a payment fraud-proof.

Payments 104

Payments Risk Management Security Fraud 104

Jack Henry

APRIL 30, 2014

Cyber-Attacks on Financial Institutions ATM and Card Authorization Systems. In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks.

Fraud 88

Fraud Cyber Security ATM FDIC 88

PYMNTS

MAY 29, 2018

That’s according to Tony Ball, senior vice president and general manager of identity and access management for Entrust Datacard , during an interview with Karen Webster for the PYMNTS “ Economy of Trust ” podcast series. Financial institutions and data managers will pay “a heavy price for not having taken this seriously.”.

Security 123

Security Online Data Regulation 123

PYMNTS

AUGUST 30, 2018

All of which are true, Byrne said, so long as one has pounds in their pocket – because many of the merchants in markets don’t take cards, and will politely direct customers to the nearest ATM when they try to pay with one. As Webster pointed out, that does mean that myPOS has to carry some risk – particularly in the event of a chargeback.

ATM 105

ATM Cards Payments Case Study 105

FICO

MARCH 26, 2018

In many financial institutions, different products and/or channels are often managed by different teams. For fraud management, this means the people managing card fraud are not engaged in managing ACH payment fraud, and the person worrying about customer experience is not the person awake at night with fraud worries.

Fraud 86

Fraud Management Strategy Analytics 86

Abrigo

AUGUST 19, 2022

In other words, the statement asks financial institutions not to profile or stereotype certain types of customers into groups of high or low risk without multi-factor consideration. Regulators' most recent statement is reminiscent of FinCEN's June 2022 statement on BSA due diligence for independent ATM owners or operators.

ATM 195

ATM Regulation Fraud Policies 195

Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

Fraud 93

Fraud Training Cards Data 93

PYMNTS

JULY 16, 2018

It will also operate separately from Citizens Bank’s current retail offerings, which include approximately 3,300 ATMs and around 1,150 branches in 11 states in the New England, the Mid-Atlantic and the Midwest. The Citizen Access digital bank will also be marketed separately from Citizens’ current branch footprint.

Cards 100

Cards Data Digital Banking Retail 100

Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

Fraud 70

Fraud Training Cards Data 70

Independent Banker

DECEMBER 13, 2015

Risk levels have a five-point range. The second part measures cybersecurity maturity levels within five domains: cyber risk management and oversight; threat intelligence and collaboration; cybersecurity controls; external dependency management; and cyber incident management and resilience. How is it secured?

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

Risk levels have a five-point range. The second part measures cybersecurity maturity levels within five domains: cyber risk management and oversight; threat intelligence and collaboration; cybersecurity controls; external dependency management; and cyber incident management and resilience. How is it secured?

Tools 70

Tools Community Community Bank Security 70

NCR

AUGUST 10, 2017

Research has suggested that, among some consumers, the appetite is already there for IoT and AI to play a bigger role in commerce and payments.

Industry 75

Industry Retail Innovation Payments 75

Fintech Labs Insights

NOVEMBER 18, 2014

Name one thing done in a branch that can''t be done more efficiently and/or more effectively through digital means or an ATM (assuming that the customer believes they can get resolution equally from either method)? Consumers actually do gravitate towards one source if they believe it''s delivering value across disparate items.

Lending 30

Lending Mobile Online Digital Banking 30

Gonzobanker

DECEMBER 22, 2015

Idea Bank in Poland for its roaming fleet of ATM-equipped automobiles with an Uber-like app available for bank customers to order cash drop-offs. Bank project management offices. A phenomenally successful $50+ billion private/wealth management bank with a customer list to die for probably won’t hurt on the reference list.

Community Bank 60

Community Bank Apple Community Technology 60

William Mills

MAY 9, 2018

Our Actionable Intelligence Management solutions help banks and mortgage companies streamline and automate manual processes, seize new business opportunities and manage compliance, all while transforming the customer experience. Product Demoed: Agile Mortgages. Key Executives. Key Investors. Kodak Alaris. One, [link]. Kodak Alaris.

Security 40

Security Samsung Strategy San Jose 40

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. Importantly, Huntington has continued to focus on digital investments and its strong legacy of product management to remain a progressive regional bank. Nobody is quite sure which side this seesaw will land on.

Fintech 195

Fintech Community Regional Technology 195