Abrigo

MARCH 11, 2022

Thanks to an increase in mobile payments precipitated by the pandemic and rising security concerns due to the Russian conflict in Ukraine, the world of financial fraud prevention is more dynamic than ever. Regulatory topics for NBFIs to watch for. Be assured that regulatory bodies share information and stay updated on other consent orders.

Regulation 195

Regulation cryptocurrency Policies Management 195

PYMNTS

APRIL 30, 2018

The deadlines for compliance with new European data regulations are right around the corner, and the impact of these changes won’t be limited to the European Union. Otherwise, the merchant will not be able to protect itself from fraud or the cardholder from being exposed to fraud in the future.”. What’s a Merchant to Do?

Fraud 138

Fraud Regulation Data Compliance 138

PYMNTS

MAY 15, 2018

Beyond the static password, there are a few methods that organizations have been implementing in recent years to try to stay ahead of the fraud problem. The names of most people’s childhood pets and favorite teachers are now for sale on the black market. Trend spotting enables providers to be proactive about new types of fraud.

Fraud 129

Fraud Training Security Compliance 129

PYMNTS

NOVEMBER 7, 2019

Each country has put a unique twist on SCA, which means PSPs are now juggling fraud developments, individual regulatory concerns, protection needs and unsuspecting consumers and retailers in each European market. Only 63 percent of compliance laggards said the same.

Regulation 123

Regulation Survey California Retail 123

FICO

DECEMBER 20, 2018

The annual exercise of staring into our crystal balls and making predictions for the coming year has begun. Siloed business units and technology stacks for credit risk, marketing, fraud and compliance work extraordinarily well for maintaining the status quo, but poorly when it comes to large-scale transformation.

Trends 73

Trends Lending Fraud Exercises 73

FICO

JANUARY 30, 2019

There’s a pervasive view that compliance for money laundering remains a cost-centre activity, and is primarily a “check-the-box” exercise to keep the auditors and regulators satisfied. As business volumes and data complexity increase exponentially, AML compliance has taken on a bigger role.

Compliance 45

Compliance Regulation Fraud System 45

FICO

JANUARY 9, 2019

In the first post of my multi-part series on how banks are solving common challenges in acquiring and retaining new customers, I looked at the challenges and opportunities financial institutions need to address in improving marketing performance. Fully enable digital account opening, but stop identity fraud. Market laggards try anyway.

Fraud 45

Fraud Strategy Analytics Exercises 45

CFPB Monitor

APRIL 11, 2022

The CFPB’s lawsuit names as defendants 1st Alliance Lending LLC and three individuals consisting of the company’s CEO, President of Production, and President of Capital Marketing. The duties performed by the SCs/HLCs required them to hold a mortgage originator license in every state in which 1 st Alliance operated.

Connecticut 78

Connecticut Company Regulation social media 78

CB Insights

NOVEMBER 2, 2017

Over 143 million Americans will be at risk of financial fraud for years following the Equifax cybersecurity breach, while an estimated 3 million Wells Fargo customers unknowingly had their digital identity stolen to open fraudulent trading accounts. The volume of regulation has created more surface area for compliance gaps.

Compliance 72

Compliance Regulation blockchain Software 72

FICO

NOVEMBER 2, 2017

A new report from LexisNexis on Future Financial Crime Risks (September 2017) highlights the stress felt by UK banks around financial crime compliance. Given the rapid change in financial compliance regulations, it’s easy to see why the 170 financial crime professionals surveyed felt overwhelmed. Do you have any advice?

Compliance 53

Compliance Regulation Data Management 53

Gonzobanker

OCTOBER 14, 2016

Linkner took the audience through an exercise where Sam came up with a (hopefully) good banking industry idea while role playing Neil Young for 5 minutes. And feisty startup marketing system provider Onovate now up to 40 clients in just a few years. Compliance vs. Marketing Smack down. That was immersive and refreshing.

Compliance 60

Compliance Conference Fintech Mobile 60

FICO

MARCH 6, 2020

Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales. In this excerpt from that article, Jürgen elaborates on the importance of compliance. . At FICO, I am responsible for planning and implementing growth strategies to develop new markets, and the expansion of our compliance business globally.

Compliance 81

Compliance Technology Fraud Analytics 81

Abrigo

DECEMBER 13, 2023

Above-the-line/below-the-line testing is a statistical exercise that rigorously analyses transaction monitoring parameters to identify the optimal settings for suspicious activity monitoring for your institution’s unique risk profile. Ensure AML/CFT compliance with this webinar, "Credit unions - monitoring, managing, and reporting risk."

Training 221

Training Fraud Software Regulation 221

Independent Banker

JULY 31, 2022

In 2022, things changed with whiplash speed, as the Fed hiked interest rates to quell inflation, the mortgage refinance market dried up and the effects of macro changes, from the Russian invasion of Ukraine to a talent shortage, began to be felt keenly. Rethinking branches isn’t a one-size-fits-all exercise. Strengthen controls.

Strategy 135

Strategy Community Bank Louisville Community 135

Abrigo

JANUARY 31, 2023

Takeaway 2 Banks should be proactive in understanding fraud trends and FinCEN priorities to prepare for future rulemaking. While a BSA/AML program is now officially referred to as an AML/CFT Program, “BSA Officer” is a title required by law and remains unchanged, as does compliance with the BSA. That represents nearly 2.8

Fraud 195

Fraud Training Regulation Trends 195

PYMNTS

JANUARY 7, 2019

Wearables – watches, shoes and clothing – can alert users to the need to replace them while providing tips on diet and exercise. Fewer than 5 percent of all FIs reported using AI – true AI – to personalize offerings to their consumers, manage fraud or even allocate resources to collecting debt from consumers with the capacity to repay.

Mobile 205

Mobile Innovation Apple Study 205