PYMNTS

FEBRUARY 28, 2020

Credit unions possess vast troves of personal information such as credit card data and Social Security numbers that could devastate members if leaked. At least two local CUs — First Choice Federal Credit Union and Inspired Federal Credit Union — even filed class-action lawsuits against Wawa for not adhering to best security practices.

Data 131

Data California Security Pennsylvania 131

PYMNTS

JUNE 10, 2016

. “What we’re seeing is that [FIs] are putting in place a more rigorous process to make sure suppliers that are onboarded also have very strict and rigorous risk management protocols in place,” Cotter said. Whereas, for a lot of FIs, risk management has definitely become a board-level issue.”

Management 100

Management Risk Management Software Analytics 100

PYMNTS

SEPTEMBER 26, 2019

And that AI’s potential, wherever it is applied, is going beyond the constraints of the systems and tools of the past — to a future that manages to both have fewer risks and create less friction for the consumer. Payments is in some sense a risk management business end to end.

Fraud 158

Fraud System Tools Data 158

PYMNTS

AUGUST 10, 2017

From user interface technology to security and risk management, the only constant in the financial space is that nothing stays the same for long. How do you manage security and risk? When you transfer money across borders, AML compliance becomes very important.

How To 136

How To Risk Management Technology US 136

FICO

DECEMBER 15, 2020

Digital transformation, including the convergence of fraud and financial crimes compliance infrastructure, will accelerate even more. New ways of doing business will make KYV (Know Your Vendor) a top priority for compliance organizations. Change Creates Opportunity for Banks to Thwart Fraudsters. Change Will Still Reign.

Fraud 52

Fraud Compliance Management Software 52

Independent Banker

AUGUST 26, 2015

Federal, state and even local regulators, all eager to jump on the paperless bandwagon, have adopted their own specifications for paperless signatures, often based on conflicting definitions. Finding the balance between ease of use, security and audit ability is critical.

Community Bank 70

Community Bank Minneapolis Community Online 70

PYMNTS

JUNE 7, 2018

It’s not enough to be very good at one element of the business – firms have to be good at operational functions, risk management, capital management, compliance and product to keep from being dragged down by bad loan performance. Factoring is a tough product and hard to manage entirely online,” he noted.

Lending 124

Lending Tools Management Risk Management 124

Gonzobanker

NOVEMBER 17, 2016

While consumers and payment providers may hope for frictionless payments, the execution path will require new capabilities and deployments in fraud mitigation, cyber security, open APIs, and enhanced interoperability. Megatrend #2 – Secure and Compliant is a Non-Negotiable. How ironic is that in the journey to frictionless?

Payments 60

Payments Las Vegas Risk Management Cyber Security 60

FICO

JULY 30, 2019

Data sharing for these purposes should be non-competitive: fraud is everybody’s problem, but still relies on a common definition of what data to share, where to securely host the data, how regularly it should be updated and what mechanisms are available to access the consortium data. Is it the fraud team?

Fraud 52

Fraud How To Analytics Analysis 52

CB Insights

NOVEMBER 21, 2019

Our definition of fintech includes (1) technology companies that provide services to the financial services industry, and/or (2) technology companies that create, distribute, and administer financial products themselves. Wealth management. We expect this cohort to evolve as new players emerge and others falter or exit.

Fintech 93

Fintech Marketing US Technology 93

PYMNTS

JUNE 6, 2018

It’s not enough to be very good at one element of the business – firms have to be good at operational functions, risk management, capital management, compliance and productto keep from being dragged down by bad loan performance. Factoring is a tough product and hard to manage entirely online.”

Lending 100

Lending Tools Management Risk Management 100

Abrigo

MAY 8, 2024

Seeing generative AI use cases can help bankers, risk managers, and financial crime professionals better understand it. They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience.

Examples 195

Examples Fraud Resources Risk Management 195

FICO

MAY 18, 2020

This view has been supported by the European Banking Authority, the European Central Bank, the European Securities and Market Authority and the Prudential Regulation Authority. Sme are looking at extending the 90 days past due definitions. Consider discounting at an effective interest rate - delaying loss helps and timing matters.

Regulation 52

Regulation Operations Management Data 52

CFPB Monitor

APRIL 28, 2022

Contrast this with the final rule issued by the Federal Reserve, FDIC, and OCC last November, which requires covered banking organizations to report within 36 hours after determining the occurrence of certain significant computer-security incidents. Compliance date: May 1, 2022. Who Reports. Reporting Timeline. Status/Effective Date.

Report 147

Report FDIC Regulation Security 147

Lex Sokolin

DECEMBER 25, 2019

Other things like Compound are essentially a securities lending marketplace?—?you Having interest rates native to the crypto economy is very helpful, but we are still shy of lending based on actual underwriting and off-chain risk. If you withdraw your Ether, you get charged an interest rate determined by an open governance community.

blockchain 52

blockchain Bitcoin Software Lending 52

Fintech Labs Insights

OCTOBER 30, 2016

Deloitte recently asked what we should make of “regtech” in a new report titled, “RegTech is the new FinTech: How agile regulatory technology is helping firms better understand and manage their risks.” OutsideIQ ( F16 ) enables FIs to uncover regulatory risk using a combination of machine learning and human analysis.

blockchain 12

blockchain Trends Fintech social media 12

PYMNTS

JANUARY 12, 2017

McShirley pointed out that linked2pay offers a bank platform with a built-in registration for merchants that helps banks review the compliance, security and fraud aspects to help institutions construct a profile of potential new clients and better understand their risks. I’m definitely not for the status quo,” said McShirley.

Payments 100

Payments Risk Management Community Bank Community 100

Abrigo

SEPTEMBER 14, 2022

The data is intended to help the CFPB enforce fair lending laws and could also be used by the government and small business lenders to identify the needs of businesses, said Michelle Lucci, Abrigo Regulatory Compliance Manager. It isn’t just a compliance program problem or a data management problem. Points of Note.

Lending 195

Lending Data Regulation Community 195

PYMNTS

JANUARY 27, 2017

In your wallet is a driver’s license and possibly a Social Security card. All told, bits of paper and plastic that help definitively state that you are who you say you are. amid compliance initiatives, he continued, there is usually collaboration across the U.S. Maybe a credit card or two. And in the U.S.,

blockchain 100

blockchain Security Guidelines Fraud 100

FICO

NOVEMBER 1, 2022

Biometrics have become a favourite security choice – 36% have a strong preference to use them to secure their financial accounts and another 40% like them. 78% rate fingerprint security as either good or excellent. First-party fraud is a real risk (particularly given the stresses of the cost-of-living increases).

Fraud 52

Fraud Survey Customer Experience Data 52

Gonzobanker

DECEMBER 22, 2014

EVP: I definitely think we should build here as long as we can be assured that we can get the talent that we need long term. The Unsung Hero Award – To the security analysts and officers who actually discovered and escalated the breaches at Target, Home Depot and other institutions that have been hacked. Risk Management. ???

Los Angeles 101

Los Angeles Apple Risk Management California 101

FICO

JANUARY 19, 2022

Trade-based money laundering (TBML) is a growing risk, as seemingly legitimate transactions are exploited by criminal groups to launder funds and finance terrorist activity. In its simplest definition, trade-based money laundering is the process of disguising the proceeds of crime and moving value (i.e., by FICO.

Fraud 52

Fraud Cards Report Analytics 52

Gonzobanker

DECEMBER 22, 2015

To those community bankers claiming their growing Compliance departments say no to everything. How about fighting harder with better examples and holding compliance officers as accountable as everybody else. FFIEC’s Cyber Security Self-Assessment Tool. And definitely include a meme. Somebody-Call-the-Whaambulance Award.

Community Bank 60

Community Bank Apple Community Technology 60