PYMNTS

FEBRUARY 4, 2020

Numerous regions then announced internal deadlines for compliance that often diverged from their neighbors’ deadlines. These questions and concerns caused certain European markets to temper their financial and privacy innovations, which could hamper Open Banking’s worldwide growth. SCA Questions Stall Innovation.

Fraud 144

Fraud Regulation Compliance Innovation 144

Insights on Business

OCTOBER 31, 2019

In the continued evolution of the IBM Governance Risk and Compliance (GRC) product line, I am pleased to announce that effective today, Algo FIRST (FIRST) is rebranded to IBM FIRST Risk Case Studies. What else changes with the rebranding to IBM FIRST Risk Case Studies? . About FIRST Risk Case Studies. Not yet a customer?

Case Study 79

Case Study Study Compliance Risk Management 79

PYMNTS

JUNE 13, 2019

If it seems like cases of fraud and hacking are always in the news, that’s because new incidents pop up practically every day. According to the new Digital Fraud Tracker , total losses due to fraud equaled $4.2 According to the new Digital Fraud Tracker , total losses due to fraud equaled $4.2

Fraud 110

Fraud Security Retail Tools 110

PYMNTS

OCTOBER 28, 2020

Digital payments are prone to chargeback fraud, for example, and financial institutions (FIs) often report difficulties and high costs when updating their legacy systems to accommodate instant payment systems. The digital payments industry is seeing record profits, with a study expecting it to hit $120.7 billion by 2025, up from $74.4

Payments 219

Payments Compliance Fintech Innovation 219

Bank Innovation

MAY 2, 2018

Security and fraud risk remain the top priority for retail banks seeking to update their payments infrastructure, a study released this week by ACI WorldWide and Ovum found.

Security 150

Security Innovation Payments Study 150

Insights on Business

OCTOBER 31, 2019

In the continued evolution of the IBM Governance Risk and Compliance (GRC) product line, I am pleased to announce that effective today, Algo FIRST (FIRST) is rebranded to IBM FIRST Risk Case Studies. What else changes with the rebranding to IBM FIRST Risk Case Studies? . About FIRST Risk Case Studies. Not yet a customer?

Case Study 70

Case Study Study Compliance Risk Management 70

PYMNTS

OCTOBER 7, 2020

Vertical payments firm Flywire has partnered with BELTA, the Brazilian Educational & Language Travel Association, in a move that grows the availability of its cross-border payment services for students from Brazil who are studying in other countries. 7) announcement. 7) announcement. Canada, Ireland, U.K.

Groups 200

Groups Study Fraud Leadership 200

FICO

NOVEMBER 16, 2022

Enterprise Fraud Solution Buyers Want More Agility, More Data. Our recent global survey reveals the investment priorities and functionality requirements for enterprise-level fraud solution buyers. We asked about priorities, plans and requirements for enterprise fraud prevention and detection solutions , and the results are fascinating.

Fraud 52

Fraud Data Survey Regional 52

Insights on Business

FEBRUARY 11, 2019

According to recent information from Juniper Research , online payment fraud losses from e-commerce, airline ticketing, and money transfer and banking services are expected to reach $48 billion by 2023, more than double the $22 billion in losses estimated for 2018. Synthetic identities and new account fraud.

Fraud 111

Fraud Payments Data Study 111

FICO

DECEMBER 15, 2020

I’m thrilled that FICO has been named as the Category Leader for Innovation in the recently published 2021 Chartis RiskTech 100. Additionally, FICO was recognized as one of the top six overall risk management technology vendors and won Category Leader for AI Applications and Financial Crime-Enterprise Fraud.

Innovation 52

Innovation Risk Management Analytics Management 52

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

PYMNTS

AUGUST 13, 2020

PAAY said its EMV 3DS offering lets merchants decrease chargeback costs, bolster authorization rates and maintain compliance as they provide an easy as well as frictionless experience for users. The company reports that retailers selling through eCommerce are experiencing record sales numbers, but fraud rates are also on the uptick.

Technology 248

Technology User Experience Fraud Comparison 248

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

FEBRUARY 26, 2020

The party always ends, however, and governments have caught up to all that wild innovation. 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

FICO

MARCH 24, 2021

In part 1 of the series on trade-based money laundering (TBML) , we established a definition of the term, explored some recent studies and highlighted some typical techniques employed by the criminals. Maintain a strong Tone at the Top (“Culture of Compliance”). Plan for upticks in particular areas of AML compliance activity.

Compliance 98

Compliance Study Trends Fraud 98

FICO

NOVEMBER 21, 2022

FICO awarded first place in six categories on risk and compliance technology in the 2023 Chartis RiskTech100 ® Report, including Innovation for the sixth year in a row. I am thrilled to announce that the annual 2023 Chartis RiskTech100® Report ranking risk and compliance technology companies is live! asokolowski.

Report 52

Report Risk Management Compliance Analytics 52

PYMNTS

DECEMBER 14, 2018

News came earlier in the month that several federal agencies have come out — together — in support of banks embracing innovation in their compliance efforts. Thus, said the agencies, banks should eye technology, and should endeavor to “consider, evaluate, and where appropriate, responsibly implement innovative approaches in this area.”

Compliance 148

Compliance Innovation FDIC Examples 148

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

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

JUNE 11, 2019

Tax agencies have a limited amount of resources to pursue tax compliance activities (collections and audit). Tax Compliance - Why Use Analytical Models at Tax Agencies? Tax Compliance - Predictive Analytical Models. Tax Compliance - Tax Analytics Opportunities for Audit. Three Types.

Taxes 58

Taxes Analytics Compliance Resources 58

FICO

FEBRUARY 9, 2022

This shift has created significant opportunities for local banks, however with this growth comes the inevitable threat of increased fraud, exacerbated by the Covid pandemic and the explosion in ecommerce and card-not-present fraud. Expansion Brings Fraud Challenges.

Fraud 52

Fraud Cards Analytics System 52

FICO

MARCH 30, 2021

While the phrase has become a bit hackneyed (I did grit my teeth a bit while I wrote that first sentence), this past year the pandemic truly impacted not just major parts of our personal lives, but how we handle our fight against fraud and financial crime. . FICO Solutions. FICO solutions tackle all these pain points and more.

Fraud 52

Fraud Data Resources Study 52

Celent Banking

MARCH 4, 2017

It is my privilege to be part of the judging panel for Celent Model Bank Awards for 2017 for the following three categories: Fraud Management and Cybersecurity – for the most creative and effective approach to fraud management or cybersecurity. At the moment we are staying tight-lipped about who won the awards.

Risk Management 100

Risk Management Fraud Management Case Study 100

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. About the Tracker.

Fraud 126

Fraud Digital Banking Strategy Security 126

PYMNTS

MAY 31, 2017

In a press release, the credit card company said that with the upgrade, financial institutions and merchants would be better able to authenticate consumers and reduce fraud on transactions made via a mobile or desktop browser, app or connected devices. As part of the upgrade, Visa said it was enhancing its systems to support 3-D Secure 2.0,

Security 192

Security System Fraud Tools 192

FICO

MARCH 18, 2020

In that blog I introduced FICO’s patented Multi-Layered Self-Calibrating (MLSC) fraud model , which we have successfully deployed to overcome regional- and usage-specific variations in normal prepaid card spending behaviors, and find more prepaid card fraud. Prepaid models US Prepaid and GIM Prepaid 1.0 Outliers Are Always in Flux.

Fraud 52

Fraud Cards ATM Groups 52

FICO

NOVEMBER 19, 2019

One of the hottest hot beds of innovation is artificial intelligence to combat financial crime, fraud and cyber risks while helping financial services organizations comply with security, privacy and data protection regulations. It may seem like an oxymoron, but I think it’s because FICO has made a habit of innovating.

Innovation 40

Innovation New York Compliance Fraud 40

FICO

NOVEMBER 24, 2021

The 2022 Chartis RiskTech100® Report is live, and I am proud to announce that FICO ranked 6th overall in the annual report and was named the category winner for: Innovation (5th consecutive year). Financial Crime – Enterprise Fraud. The comprehensive study looks at the world's major solution providers in risk and compliance technology.

Report 52

Report Analytics Company Innovation 52

Abrigo

FEBRUARY 25, 2022

Overall, banks, credit unions, and NBFIs should modernize their BSA/AML programs with appropriate risk-based innovative solutions to streamline those processes and use resources efficiently and effectively. FinCEN will produce a study to show what model validation should be like for financial institutions. keep me informed.

Regulation 195

Regulation Policies Compliance Washington 195

FICO

NOVEMBER 20, 2019

The only way is to innovate, learn and adapt. That is how UBS Card Center, which processes some 25% of card transactions in Switzerland, keeps fraud rates down and cardholders happy. And for the past 20 years, UBS have been using the FICO® Falcon® Platform and working in partnership with fraud experts from FICO. by FICO.

Video 40

Video Fraud Cards Analytics 40

PYMNTS

APRIL 27, 2020

One study recently determined that the number of digital banking users is expected to exceed 3.6 billion by 2024, and a separate study suggested that many customers were willing to use FinTechs as well as their primary banks to receive the level of technological support they desired.

Digital Banking 248

Digital Banking Tools social media Mobile 248

Gonzobanker

JANUARY 18, 2024

A sneak peek into Cornerstone Advisors’ forthcoming What’s Going On In Banking study shows that the percentage of banks looking to get into the banking as a service (BaaS) space is down from previous years. Fintechs have an increasing appetite for new products, better tech integration and diligent compliance. Big surprise, eh?

Fintech 88

Fintech Customer Experience Tools Payments 88

Abrigo

MARCH 24, 2021

These include conducting studies, writing regulations, and publishing guidance. The AMLA also requires a study into art dealers to determine if they should be brought into the BSA. Foreign Threats The AMLA requires FinCEN to perform a study on money laundering risk posed by China. China has remained the major focus of the U.S.

Regulation 195

Regulation Training Study Policies 195

FICO

JANUARY 28, 2022

Many entries this year demonstrated innovative use of technology and creative thinking to respond to the challenges of the pandemic. Everything from managing new fraud patterns and customers who need financial assistance to remote working, furloughed staff and incorporating new sanitary measures. Fraud Management – ELO.

Meeting 52

Meeting Fraud Florida Compliance 52

FICO

JANUARY 29, 2021

Submissions included complex optimization problems, the automation of previously manual business processes and using the power of AI and machine learning to stop fraud and improve lending. Decision Management Innovation – eDriving. Fraud & Security - Conductor Brazil. Regulatory Compliance – Alfa Bank & Eurobank (tie).

Meeting 98

Meeting Analytics Florida Fraud 98

PYMNTS

NOVEMBER 7, 2019

Earlier studies found a surprising lack of both consumer and merchant awareness about the European Union’s Strong Customer Authentication (SCA) and second Payment Services Directive ( PSD2 ) regulations. Only 63 percent of compliance laggards said the same. Post-SCA deadline, a lack of readiness persists. The Benefits of SCA .

Regulation 123

Regulation Survey California Retail 123

Insights on Business

JULY 30, 2019

In turn, many financial institutions have already begun exploring how they can improve the still time-consuming, labor-intensive and inaccurate processes of alert triage, enhanced due diligence reviews, payment fraud prevention and modeling and conduct surveillance investigation. Changing views on AI are an opportunity for improvement.

Study 107

Study Survey Regulation System 107