FICO

APRIL 8, 2022

Data Orchestration for Fraud Prevention. There has been an awful lot of unsettling news about scams and fraud lately. As it happens, orchestration (of both data and process) is one of the most potent weapons in fighting scams and fraud. Scams Are Front Page News. Scams Are Front Page News. A crescendo, even.

Fraud 52

Fraud Data Management Examples 52

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.

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Fraud Cards Analytics Mobile 98

FICO

APRIL 29, 2022

With any change, fraud comes hand-in-hand. Some of the changes are related to new digital payments methods like P2P apps, tap-to-pay, and cryptocurrency, which are all growing options in retail environments. All these evolutions mean a changing landscape for retail fraud and scam trends.

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Fraud Retail Payments cryptocurrency 52

FICO

JULY 1, 2022

Global Fraud Trends: What’s Happening and What’s Next? Here are the highlights from the fraud trends breakout session at FICO World 2022 with a panel of fraud professionals from Brazil, Turkey and North America. A lot has changed since the last pre-pandemic FICO World conference, held in November 2019 in New York City.

Fraud 52

Fraud Trends South Carolina Risk Management 52

Perficient

AUGUST 16, 2023

Lessons To Be Learned While Heartland Tri-State Bank of Elkhart is, by far, the smallest to fail in the past year, with the next closest in size being Signature Bank in New York (Signature failed on March 12 th , 2023 with $110 billion of assets and $88.6 billion in deposits), the failure still poses lessons for bank executives.

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United States Kansas FDIC Risk Management 221

PYMNTS

SEPTEMBER 30, 2020

In today’s top news in digital-first banking, global card issuing platform Marqeta debuted its Tokenization-as-a-Service (TaaS) offering, while the Bank of New York Mellon (BNY Mellon) has named a new executive for global market infrastructure. The news follows Jumio’s Sept.

Marketing 130

Marketing New York Cards Conference 130

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. They help manage and shape strategy in volatile economic and industry conditions.

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Report Risk Management Capital Data 195

FICO

FEBRUARY 16, 2023

A cluster of states in the northeastern US accounted for an additional 29%, and included New York, New Jersey, Pennsylvania, Maryland and Virginia. When looking at total fraud cases related to skimming, we saw that 70% were tied to POCs in 5 states: California (38%), New York (16%), Pennsylvania (6%) and Florida/Washington (5%).

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Cards US Data Fraud 98

ABA Community Banking

DECEMBER 3, 2015

It comes down to reality Management Duties Compliance Blogs AML & Fraud BSA/AML.

New York 40

New York Fraud Compliance Management 40

FICO

NOVEMBER 1, 2019

Here, achieving success often involves adopting technologies that let established firms connect their past with their future, in ways that catapult robust-but-inflexible legacy infrastructure into new markets and contexts. However, fast time to market only accentuates fraud risk, because real-time payment systems are catnip to fraudsters.

Fraud 40

Fraud Payments Compliance New York City 40

FICO

DECEMBER 7, 2021

Our collective reliance on phones has a number of implications for fraud, and in 2022 I predict that fraudsters will be so dialed in to our mobile lifestyles they will ply their trade in more ways and places than ever—including space. We can make a New Year’s resolution to stop checking our phones 63 times a day. What can banks do?

Fraud 52

Fraud Cards Payments Course 52

PYMNTS

NOVEMBER 22, 2019

Richard Ashton, deputy general counsel for litigation, enforcement and system matters, said at a conference in New York that the Federal Reserve is considering an audit of tech firms’ compliance policies and governance structures. Can we look at their overall compliance management program?”.

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Security Policies Conference Compliance 116

PYMNTS

FEBRUARY 13, 2019

The move targets one of the largest pain points of Know Your Customer (KYC) compliance for businesses and their financial institutions (FIs): the complexity linked to corporations that use multiple banks across multiple jurisdictions. law enforcement led to 13 arrests in New York in 2017. ”

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Compliance Regulation Charlotte Data 160

Abrigo

JUNE 10, 2020

LaFontaine failed to take sufficient action when presented with significant AML program deficiencies in the Bank’s SAR-monitoring system and the number of staff to fulfill the AML compliance role by his AMLO [AML Officer],” the document said. If you don’t have compliance from the top down, document it, and look for another job,” she says.

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Resources Regulation Compliance Policies 195

Independent Banker

APRIL 30, 2022

Operations play a role across multiple facets of community banking, including account onboarding, payments and transactions, fraud analysis, compliance and regulatory guidelines. As bankers, we learn this during our first day in management training. Partner with a bank-enabling technology service provider. Minimizing friction.

Innovation 91

Innovation Community Bank New York City Community 91

FICO

JUNE 1, 2023

Thu, 06/01/2023 - 09:03 Saxon Shirley by TJ Horan Vice President, Product Management expand_less Back to top Thu, 06/01/2023 - 09:00 Up until just a few years ago, artificial intelligence (AI) was something you mainly heard about in movies like 2001: A Space Odyssey , Terminator and Chappie.

Training 59

Training Fraud Customer Experience South Carolina 59

PYMNTS

NOVEMBER 3, 2017

It was a busy time for B2B venture capital this week, and while funding ranged across verticals from expense management to SaaS, there was a clear theme in investment rounds: high-tech data analytics. Data Management. Expense Management. Talent Management. Trilio Data. A $5 million Series A funding round will boost U.S.-based

Analytics 189

Analytics Data Capital San Francisco 189

FICO

JUNE 4, 2019

This is the theme of FICO's major global conference, FICO World 2019 , November 4-7 in New York. Industry veterans and innovators will share insights, know-how and advice for using analytics in financial services, banking, automotive finance, mortgage lending, telecommunications, insurance and regulatory compliance.

Analytics 40

Analytics New York Conference Case Study 40

FICO

MAY 28, 2019

This is the theme of FICO's major global conference, FICO World 2019 , November 4-7 in New York. Industry veterans and innovators will share insights, know-how and advice for using analytics in financial services, banking, automotive finance, mortgage lending, telecommunications, insurance and regulatory compliance.

Analytics 40

Analytics New York Conference Case Study 40

Celent Banking

NOVEMBER 11, 2015

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. Access controls and identity management. Vendor and third-party service provider management. Information security.

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Cyber Security Regulation Security New York 100

FICO

JUNE 28, 2021

Here’s what it might look like: An elderly gentleman almost pleading with the branch manager on the other side of a Plexiglas divide, asking her to send a wire for $12,000. Then, “I can’t help you wire the money, sir,” the branch manager calmly responds. Please, I need it! Wire it right now!” This is a scam. Hang up the phone.”.

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Video Software Fraud New York 52

PYMNTS

FEBRUARY 21, 2019

In a new PYMNTS webinar, Karen Webster and Danielle Lackey, chief legal officer at expense management provider Motus , spoke about those changes, and how companies can get with this trend to save money and even make employees happier. Mileage Misconceptions. You are going from zero visibility to having visibility,” Lackey said.

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Taxes San Francisco New York City Case Study 128

Insights on Business

JUNE 18, 2018

Innovators and industry leaders across the marketplace will discuss the impact of technologies like artificial intelligence and machine learning and how they are being used to give security firms new insights from risk management to compliance. Another technology in discussion will be the ever prevailing blockchain technologies.

Conference 70

Conference Fintech blockchain Compliance 70

Celent Banking

JULY 6, 2016

I have so many to manage, I use Trend Micro’s Password Manager to ease the pain. In a June 21 New York Times article , Tom Shaw, vice president for enterprise financial crimes management at USAA was quoted as saying, “We believe the password is dying. At ATMs – it contributes to skimming fraud.

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Branch Design Survey New York ATM 113

Independent Banker

DECEMBER 31, 2021

will continue its mission to fund microloans to new small businesses in New York City’s low-income neighborhoods, says president and CEO Carlos P. In this environment, many community banks are looking for alternative methods of making money, including starting new businesses under their holding companies. In fact, 16.5%

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Community Bank Community Lending Louisiana 144

CFPB Monitor

OCTOBER 11, 2018

The summit speakers included Grovetta Gardineer, the Senior Deputy Comptroller for Compliance and Community Affairs at the OCC. Gardineer raised concerns about the application of bespoke capital, liquidity, and risk management requirements for SPNB charter applicants. For an analysis of the DFS lawsuit, click here.).

Policies 60

Policies Lending Data Online 60

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. An immense amount of R&D investment is being focused in this area, producing a stream of new products.

Innovation 40

Innovation New York Compliance Fraud 40

FICO

MAY 8, 2019

a leading payments technology company, has achieved significant results by creating a centralized underwriting management solution on the FICO® Decision Management Platform (DMP). For its achievements, Worldpay won the 2018 FICO® Decisions Award for Customer Onboarding & Management. Worldpay, Inc.,

New York City 51

New York City Management Innovation New York 51

Celent Banking

APRIL 18, 2016

Last week many of us at Celent were in New York attending our Innovation and Insight Day on April 13th. Cash Management and Trade Finance. Security, Fraud, and Risk Management. It is Celent's flagship event during which we announce Model Bank and Model Insurer winners and celebrate their achievements.

US 100

US Case Study Risk Management America 100

Gonzobanker

DECEMBER 19, 2022

In December, the founder and CEO of Crypto Exchange company FTX was arrested in the Bahamas (yah, don’t ask) and charged with fraud and conspiracy. SoFI gets a commercial bank that brings deposits, compliance, AND business lending. The New Name for Community Award. Now that’s what you call a change of momentum.

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Community Fintech Industry Innovation 216

FICO

AUGUST 16, 2022

Card Skimming Fraud Grows 700+% in First Half of 2022. Credit card and debit card skimming fraud is back with a vengeance in the US, while other fraud types are seeing global growth. Senior Director, Product Management. Card Skimming Fraud – Old Threat, New Growth. Fighting Back Against Card Skimming Fraud.

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Fraud Cards Oakland ATM 52

CB Insights

FEBRUARY 13, 2020

These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. Fraud prevention tools. Stripe Connect and billing services help companies manage marketplaces, subscriptions. Stripe Billing optimizes subscription and invoice management. Source: Finix.

Online 98

Online Company Retail Payments 98

PYMNTS

APRIL 18, 2017

In the effort to shore up cyber defenses among financial companies, regulations are looming in New York state. Certification must be made annually about compliance. As New York goes, so does the financial services industry in a sense. There is both the technical and the human aspect of payments fraud,” he said. “At

New York 166

New York New York City Fraud Regulation 166

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. Zenefits skirts compliance regulations. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. Table of contents.

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Fraud Las Vegas Company Video 78

NCR

MAY 3, 2016

New variants of the malware surfaced last fall delivered through phishing attacks, and new criminal groups emerged as recently as this past February, employing similar tactics of spear phishing to embed customized malware and gain control over bank machines. Securing the Vault. Enforce your security policy.

Policies 40

Policies Security ATM System 40

Gonzobanker

DECEMBER 17, 2021

CAP COM and SEFCU in New York come to together to create an $8 billion cooperative organization. Congrats to Randy and a great management team. We have to give the nod here to Jim Hayes , who was selected by $50 billion State Employees Credit Union to become the new CEO, the first outsider in eons. Has it worked?

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Fintech Strategy Leadership Lending 143

PYMNTS

SEPTEMBER 21, 2020

The consortium reports that suspicious activity reports were filed by a few large banks: In terms of a report “tally,” Deutsche Bank filed 982, Bank of New York Mellon had 325, Standard Chartered Bank filed 232 and J.P.Morgan Chase had 107. percent of FIs believe AI is an effective tool for stopping fraud before it happens.

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Fraud Report System FDIC 347