FICO

MAY 8, 2020

OTPs by text are a well-established form of authentication and ubiquitous for use in payments and banking – it’s not surprising that this familiarity has made many people comfortable with them. However, while they are still a valuable form of authentication, they do have weaknesses and criminals have can intercept texts with SIM swap frauds.

Security 83

Security Digital Banking Study Survey 83

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. The discussions were healthier, more compliance-focused, and with little expectations that banks were going to offer crypto to their customers any time soon.

Conference 221

Conference Las Vegas Fraud Case Study 221

FICO

NOVEMBER 10, 2020

I am always glad to see headlines like this one, which ran last summer in The New York Times: “ How to Reduce Credit Card Fraud.” Every Transaction Is Assessed for Fraud. FICO’s patented and proven fraud analytic capabilities have helped organizations save $90 billion+ per year. Steps Ahead of Financial Criminals.

Fraud 98

Fraud Cards Analytics Mobile 98

PYMNTS

OCTOBER 10, 2019

Consumers have noticed the rising levels of fraud in digital banking, and they are not pleased. In fact, one recent study found that 71.2 Financial institutions (FIs) need to keep watch for newer schemes as they seek to prevent different forms of fraud, such as money laundering, on their online platforms.

Fraud 126

Fraud Digital Banking Strategy Security 126

PYMNTS

FEBRUARY 26, 2020

The debate around data privacy is getting a new boost as discussions of open banking get real. For a case study in the new privacy rules at scale, people are looking to China and its Multi-Level Protection Scheme 2.0 It’s ushering in a new era of regulation and compliance – and there will be ramifications.

Regulation 130

Regulation Case Study Fraud Study 130

PYMNTS

DECEMBER 10, 2020

Banks and other FIs must be certain that their clients are who they claim to be and adhere to AML compliance — or be held accountable. . Video-based KYC is an effective digital technology used increasingly to confirm customers? One study revealed that 73 percent of U.S. Reducing FI Onboarding Time, Costs .

Video 201

Video Digital Banking User Experience Tools 201

FICO

JANUARY 5, 2021

It’s no surprise that COVID-19 would be one of the subjects that drew readers to the FICO Blog last year, but for the Fraud Protection and Compliance category it wasn’t the only top draw. Two of our top five posts focused on digital transformation innovations in biometrics and customer identification.

Fraud 52

Fraud Compliance Survey Google 52

FICO

MAY 19, 2020

History tells us that things like natural disasters, times of economic instability, and fears of recession or unemployment provide the perfect environment for increased fraud and financial crime. So, I thought I would outline my top 5 fraud manager considerations during COVID-19. Examples include fake emails from CDC, WHO, and FEMA.

Fraud 52

Fraud Management Handbook Cards 52

PYMNTS

NOVEMBER 13, 2020

In many ways, mobile banking’s rapid rise parallels that of banking-as-a-service (BaaS), which is enabling more financial institutions (FIs) to offer digital services with low implementation barriers to be competitive in what is a firmly digital-first environment at this point. The One-Stop Digital Banking Experience.

Payments 259

Payments User Experience Meeting System 259

PYMNTS

DECEMBER 11, 2020

“Speedy, secure onboarding is vital at a time when consumers have to use digital banking to prevent health risks,” per the Tracker. Online account openings increased by as much as 15 percent when social distancing mandates were implemented, and one study revealed that 73 percent of U.S.

Video 204

Video Security National Digital Banking 204

PYMNTS

SEPTEMBER 30, 2020

It will also examine how merchants can better understand these rules and compete within an ecosystem where online privacy and digital banking perceptions are shifting. Cybersecurity and data privacy have always been critical facets of open banking regulations as fraud tends to increase alongside growing online transaction volumes.

Regulation 175

Regulation Data Regional Examples 175

Gonzobanker

JUNE 25, 2021

So hats off to executives at community-based institutions who, according to Cornerstone Advisors’ What’s Going On In Banking 2021 study, said improving customer experience and service delivery was their No. Maintain a sharp focus on compliance and safeguards against fraud, but find the fast path to put the customer first.

Customer Experience 94

Customer Experience Fraud Policies Training 94

Celent Banking

APRIL 18, 2016

The award winners come from four continents and nine countries and range from credit unions and microfinance institutions to the world's largest banks. Celent Model Bank 2016 winners are: Model Bank 2016 Categories. Digital Banking Transformation. Citizens Bank, US. Garanti Bank, Turkey.

US 100

US Case Study Risk Management America 100

FICO

MAY 8, 2020

To understand customers’ perceptions of what matters in digital banking including account openings, FICO recently commissioned an independent consumer survey of nearly 5,000 people across ten countries including: Brazil. Not Meeting Digital Banking Needs - Could Lead to Loss of New Business. Philippines. Conclusion.

Customer Experience 52

Customer Experience Study Digital Banking Fraud 52

FICO

AUGUST 26, 2021

It’s a question FICO’s fraud head honcho, TJ Horan, pondered back in 2016 , when the nascent real-time person-to-person (P2P) payments service Zelle was relaunched by a small consortium of banks (see below). In 2017 a study by Visa and Accenture sized the North American opportunity for real-time payments at $18.5T “Do you Zelle?”

Fraud 52

Fraud How To Payments US 52

FICO

DECEMBER 7, 2020

With the FICO Platform, FICO has re-architected our industry-leading FICO® Falcon® Fraud Manager and the FICO® Siron® Anti-Financial Crime compliance suite, converging the functionality of both of these market-leading solutions under a completely new code line to run as a single, cloud-based software platform.

Fraud 52

Fraud Analytics Compliance Software 52

Celent Banking

MAY 20, 2016

(Left to right, Martin Pilecky, CIO Alfa-Bank; Gary McAlum, SVP Enterprise Security Group USAA; Joan McGowan, Senior Analyst Celent). ALFA-BANK: SETS THE STANDARDS FOR BASEL COMPLIANCE IN RUSSIA. For more information on these initiatives, please see the case study abstract on our website. USAA worked with Daon Inc.

Security 113

Security Fraud Case Study Risk Management 113

Fintech Labs Insights

AUGUST 16, 2016

Early this summer, we started reviewing applications from companies excited to present their latest fintech tools, technologies, APIs, platforms, case studies, and tutorials at FinDEVr Silicon Valley 2016. OCR Labs combats risk and fraud for banking, financial, insurance, telco and government through its OCR, FR and verification technology.

Analytics 12

Analytics Data Fintech Case Study 12

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. Seriously, given what we see in origination process reviews, we almost understand this. Somebody-Call-the-Whaambulance Award.

Community Bank 60

Community Bank Apple Community Technology 60

CB Insights

MAY 15, 2019

Companies are turning to accelerators, funds, and labs to try to find the next big thing that will reduce fraud, speed up transaction times, and catch on with consumers. Working with FCAT, the charity searched for third-party vendors and iterated testing on compliance with legal and regulatory requirements to be able to accept Bitcoin.

Innovation 78

Innovation blockchain Technology Groups 78