Abrigo

OCTOBER 22, 2019

Financial institutions should be proactive with their fraud prevention on the dark web. . In recent years, cybercriminals implanted malicious skimming code directly on e-commerce shops and online content management and payment platforms as a way of stealing payment card data at scale. Merchants of all sizes are being targeted.

Fraud 150

Fraud Cards Data Payments 150

PYMNTS

FEBRUARY 24, 2016

But the reality is that the greatest security threat facing retail companies, according to a number of recent surveys, often comes from within. In the relative good news department, the NRF highlights one retailer in particular that is on the right track in addressing potential internal fraud: IKEA.

Retail 100

Retail Fraud Survey Branding 100

FICO

JUNE 25, 2019

When designing a strategy for detecting and preventing fraud, everyone always comes to the same conclusion—there is no silver bullet. Consequently, experienced fraud management executives are constantly experimenting and evaluating new data sources, scores, models, algorithms and technologies for that competitive edge.

Fraud 40

Fraud Comparison Compliance Industry 40

PYMNTS

JUNE 8, 2020

The Securities & Exchange Commission ( SEC ) has moved to freeze the assets of a $12 million cryptocurrency mining and multi-level marketing (MLM) scheme, Coindesk reports. The group managed to get $12 million from 2,000 investors, Coindesk reports. The defendant in the case is Utah resident Daniel F.

blockchain 131

blockchain Analytics Utah cryptocurrency 131

FICO

JUNE 25, 2019

When designing a strategy for detecting and preventing fraud, everyone always comes to the same conclusion—there is no silver bullet. Consequently, experienced fraud management executives are constantly experimenting and evaluating new data sources, scores, models, algorithms and technologies for that competitive edge.

Fraud 40

Fraud Comparison Industry Customer Experience 40

FICO

JUNE 24, 2019

When designing a strategy for detecting and preventing fraud, everyone always comes to the same conclusion—there is no silver bullet. Consequently, experienced fraud management executives are constantly experimenting and evaluating new data sources, scores, models, algorithms and technologies for that competitive edge.

Fraud 40

Fraud Comparison Industry Customer Experience 40

PYMNTS

OCTOBER 8, 2019

In light of the widespread lack of preparedness across the European Economic Area (EEA), Mari Anne Bayliss, director of EMEA solutions management and strategy at CyberSource , felt it was not surprising that — as of the Sept. Hungary, by comparison, has announced a shorter time frame than the U.K. The Big Change That Needs To Happen .

Compliance 156

Compliance Security Industry Regulation 156

PYMNTS

AUGUST 24, 2017

3D-Secure 2.0 In this case, though, that upgrade comes to a security protocol designed to strengthen security around online credit card transactions, but which has seen little change since its inception 17 years ago. Like Web 2.0, Mobile 2.0, and Vegetables 2.0 (And, And, yes, that’s a thing. In-App Purchases.

Security 102

Security CA User Experience Mobile 102

PYMNTS

JUNE 8, 2020

Open banking may soon become table stakes for financial institutions (FIs) — they need to act now and be able to offer it securely or risk getting left behind. FIs therefore cannot afford to drag their feet on implementing open banking, but many may be concerned that third-party access to customer data will exacerbate security challenges.

Security 151

Security Fintech Data Comparison 151

PYMNTS

JULY 11, 2017

Research suggests companies are turning to corporate cards for their security as well. It also cited research from the 2017 B2B Payments and Working Capital Management Survey, which found more than a quarter of businesses plan to spend in excess of $250,000 on payments technology.

Cards 100

Cards Comparison Groups Report 100

PYMNTS

SEPTEMBER 14, 2018

Hotel price comparisons are also included in the feature, allowing users to see their prices stacked up against others on a gradient: low, typical and high. Download the inaugural Payments Powering Platforms Tracker to read the interview with Sutter, along with the latest payments security headlines.

Payments 108

Payments Google Comparison cryptocurrency 108

Independent Banker

AUGUST 31, 2022

Mistakes, system glitches and fraud happen. TISA requires banks to use uniform disclosures to aid comparison shopping by informing consumers about the fees, annual percentage yield, interest rate and other terms for deposit accounts. Fraud and unauthorized use happen. By Mary Thorson Wright. Mistakes and glitches happen.

Community Bank 91

Community Bank Regulation Community Training 91

PYMNTS

JUNE 13, 2019

On that list of topics, he noted, is the ongoing discussion of how to improve safety and security in both card-present and card-not-present transactions, how to modernize their regulatory regime around security and data sharing, and how to deal with an extremely diverse population in terms of technological and commerce sophistication.

Cards 187

Cards Security United States Technology 187

Insights on Business

AUGUST 22, 2018

The complexity and sheer volume of regulatory change calls for a solution that delivers an end-to-end approach to GRC and enables compliance and legal professionals to manage risk more effectively. Most importantly, it efficiently manages risk while executing the compliance and control process for changes from within and outside the firm.

Compliance 79

Compliance Innovation Technology Policies 79

PYMNTS

SEPTEMBER 14, 2016

The total investment activity came down to a less-than-impressive $204 million, which pales in comparison to past weeks when we’ve seen $1 billion or more. The Department of Justice recently set up a team to investigate cybersecurity and what it considers to be a threat to national security stemming from driverless cars. trillion–$11.1

Big Data 100

Big Data Fraud Software Analytics 100

FICO

MARCH 18, 2020

We recently commissioned a survey of 5,000 people across 10 countries to better understand how people view security when they open or use their accounts. With acceptance of biometrics becoming mainstream, and the need for fraud protection ever front of mind, how can banks use biometrics in order to be more effective and efficient?

Fraud 52

Fraud Analytics Samsung Comparison 52

PYMNTS

MARCH 15, 2016

Four security firms currently investigating the matter say “yes.” That is an apparent pickup from 2014, though the comparisons are imperfect since 2104 saw a change to the current data collection method. According to forthcoming data from the FBI , 2,453 reported ransomware incidents occurred in 2015. million total.

US 100

US Software Apple Comparison 100

Gonzobanker

MARCH 6, 2020

Peer comparison metrics can be a valuable tool for evaluating staffing levels relative to production and portfolio volumes. Loan and deposit operations processes often utilize myriad systems to manage daily work. A key area where they can do this is in the loan and deposit operations units. Technology: The ‘Must Have’ List Is Growing.

Operations 93

Operations System Groups Technology 93

Insights on Business

NOVEMBER 1, 2018

Enterprise Fraud Management is being reinvented. Assessing revolutionary risk and compliance management solutions with outdated factors and antiquated perspectives may prevent you from seeing the bigger picture. The system is open to map any input from authentication, security, money mule analyses, or 3rd party alerts.

Fraud 107

Fraud Management Software Data 107

PYMNTS

DECEMBER 1, 2017

The day before, the news broke that cybercriminals had managed to steal the data of 57 million customers and drivers. At the time, Uber – at the directive of its chief security officer – hid the breach and paid hackers about $100,000 to destroy the data. By comparison, U.S. drivers’ license numbers.

New York 144

New York Data Regulation Washington 144

CB Insights

JULY 25, 2019

Download the free report to find out how fintech is shaping the future of wealth management and investing. Money management tools are helping people stay independent. Fintech cos are trying to prevent fraud. Money management tools are helping people stay independent . get the REPORT on next generation investors.

Millennials 73

Millennials Fintech Tools Fraud 73

FICO

DECEMBER 21, 2018

The good news is that 2019 will also provide a tipping point: these same organizations will be shocked into taking a more clear-eyed assessment of their cyber security posture, and strong actions to improve their cyber defenses. I’ve long thought that securing services through biometric credentials is, at best, a flawed notion.

Cyber Security 40

Cyber Security Comparison Policies Data 40

FICO

JULY 7, 2016

We need the right intelligence and security onboard, in the devices, in order for them to become aware when they might be manipulated or failing. Self-learning streaming models based on continuous inputs are a mainstay of the financial world––in fighting payment card fraud , for example––and, increasingly, cybersecurity.

Analytics 63

Analytics Examples Security Fraud 63

Jeff For Banks

MARCH 20, 2016

By comparison, over 100 year old and $7.7 How good is their system compared to FICO, or other FinTechs that feel they are more evolved in credit risk management? And for fraud without a time limit. After its most recent capital raise in September, SoFi, a marketplace lender that focuses on millennials, has raised nearly $1.5

Virginia 60

Virginia Risk Management Capital Comparison 60

MyBankTracker

FEBRUARY 23, 2021

Instead of heading to a branch, they let you manage your money completely online. Fees are usually fewer while the money management features are plentiful. Secure your card instantly. One cool feature included with Chime Spending Accounts helps with fraud prevention. Chime Credit Builder Visa Secured Credit Card.

ATM 52

ATM Cards Mobile Online 52

NCR

APRIL 4, 2016

These would include open data about products and services as well as shared data about bank transactions that individuals or businesses can choose to share themselves through secure and controlled means. Essentially it’s talking about the sort of changes we’d expect to see rolled out with PSD2.

Examples 40

Examples Cards Data Comparison 40

BankBazaar

JULY 17, 2019

Instant & Secure: This is one of the fastest and most secure ways to get your insurance policy. Comparison: Portals of insurance companies allow you to get all the information you need about all the insurance plans available in the market. How cool is that? Additional Reading: How A Smoker Can Buy Health Insurance.

Policies 60

Policies Online Comparison Millennials 60

FICO

APRIL 13, 2022

For consumers, contactless payments have given them convenience, ease and security. Will contactless payment open up potential new security issues? If we look at the current numbers against the wider backdrop of card fraud, they are fairly low in comparison. What about for fraudsters? Against a total of £9.46

Fraud 52

Fraud Marketing Payments Cards 52

FICO

APRIL 20, 2021

In comparison, 2018 saw 66.8 As customer adoption to open banking accelerates across the UK and Europe, there is no better time than now to pause and make sure all the necessary controls are in place for the continued growth, including an enterprise fraud strategy. . This is the essence of an enterprise fraud strategy.

Fraud 52

Fraud Strategy Management Compliance 52

CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. Some companies just push their luck a little too far. Total Funding: $1.1B.

Fraud 78

Fraud Las Vegas Company Video 78

FICO

JUNE 9, 2022

Artificial intelligence (AI) and machine learning (ML) technologies have long been effective in fighting financial crime, used more than 30 years for fraud detection. The archetype components define the customer attributes in a behavior space so the model can identify and quantify abnormalities based on the relative comparison with peers.

Analytics 52

Analytics San Diego Cyber Security Data 52

FICO

JANUARY 8, 2021

For FICO, customer development means working with customers through all the stages of the lifecycle – from marketing to originations to customer management. So, any use of CDRs to track where infected people have been, and then trace the people they may have come into contact with, needs to be carefully managed with regard to privacy.”.

Analytics 52

Analytics Analysis Lending Management 52

Fintech Labs Insights

SEPTEMBER 19, 2016

million went to Finovate alum Pindrop to further its phone-based fraud solutions. $5 Digtial currency management for small businesses. Wealth management. Financial services price comparison portal. Pindrop Security. Phone-based fraud solutions. P2P real estate investment management. Total raised: $60.9

San Francisco 12

San Francisco New York City Fintech Company 12

Fintech Labs Insights

SEPTEMBER 21, 2015

The total included one new alum, Praesidio , which will be presenting its security and fraud control integrations at next month’s FinDEVr. Cloud-based security for financial institutions. Financial services comparison site. Risk management for P2P lending. Direct debit management services.

New York City 12

New York City San Francisco Company Fintech 12

Fintech Labs Insights

SEPTEMBER 25, 2015

Risk management. Financial services comparison portal. Financial services comparison portal. Tags: Investing, information, trading, analytics, investors, wealth management. Source: Crunchbase. Gold trading platform. HQ: Bejing, China. Latest round: $16.8 million Series B. Total raised: $16.8+ Source: Crunchbase.

San Francisco 12

San Francisco Company Fintech San Jose 12

FICO

JANUARY 11, 2021

Identity-based fraud takes many forms: application fraud , bust-out fraud , account takeover , synthetic identities and identity theft. In response, many institutions have deployed layered controls to ensure they are interacting with genuine customers and help stop identity fraud.

Fraud 52

Fraud Customer Experience Survey Mobile 52

Fintech Labs Insights

MARCH 1, 2016

Snoopwall landed a cool million for its security solutions. Data security for financial institutions. Fraud protection for e-commerce. Money transfer price comparisons . Tags: Consumer, investing, real estate, wealth management. Three Finovate and FinDEVr alums raised new cash and one exited: PayActiv raised $9.2

New York City 12

New York City Company Fintech San Francisco 12