PYMNTS

DECEMBER 7, 2020

Today in B2B payments, Revolut launches a new solution for its business customers, and MonetaGo collaborates to combat trade finance fraud. Through 100 percent invoice integration, the service boasts improvements to savings, and offers a compliance audit feature that can help vendors cut spending.

Fraud 159

Fraud Capital Regional Security 159

PYMNTS

NOVEMBER 9, 2018

MoneyGram shares sank as much as 25 percent during intraday trading on Friday (November 9), as the company reported results that reflected the impact of new compliance rules to stop fraudulent transactions, which has hurt top line momentum — and which will continue. Compliance Efforts, Continued.

Compliance 160

Compliance Fraud Operations Management 160

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

FICO

SEPTEMBER 5, 2022

European Card Fraud in 2021: Winners, Losers and Scams. The United Kingdom and the Nordic region continue to lead Europe in terms of digital transformation and fraud loss reduction - but non-card scams are rising fast. Senior Consultant, Fraud and Financial Crime. Source: FICO European Fraud Map . Darcy Sullivan.

Fraud 52

Fraud Cards Regional Trends 52

FICO

DECEMBER 12, 2022

Network International & FICO Bring MEA Enterprise Fraud Detection. With FICO Falcon Fraud Manager, Network International uses AI and machine learning technology to score transactions across a rapidly expanding array of payment options. FICO Admin. Thu, 12/19/2019 - 16:29. by Alexandre Graff. expand_less Back To Top.

Fraud 52

Fraud Regional CA America 52

PYMNTS

MARCH 11, 2020

The Bank of Thailand has permitted the six banks to use this KYC method to verify customers during onboarding and will consider permitting more banks to use the method if these financial institutions (FIs) report positive results. FIs in the United Arab Emirates are also looking to get ahead of fraud with improved digital KYC practices.

Fraud 150

Fraud Payments Guidelines Regulation 150

FICO

OCTOBER 18, 2022

FICO Fraud Expert Naomi Palmer Wins Women in Credit Award. Naomi Palmer, a fraud consultant at FICO, won silver in the ‘Team Player of the Year’ category. Naomi is an outstanding consultant who has helped clients around the world combat fraud and protect their customers. How FICO Can Help You Improve Your Fraud Programmes.

Fraud 52

Fraud Regional Trends Examples 52

FICO

SEPTEMBER 12, 2019

A new independent survey by research firm Ovum has found that banks in multiple regions plan to integrate their fraud and financial crime compliance systems and activities in response to new criminal threats and punishing fines — but not all at the same speed. said TJ Horan, vice president of fraud solutions at FICO.

Fraud 49

Fraud Management eBook Compliance 49

FICO

FEBRUARY 16, 2022

FICO published our 2021 Digital Consumer Banking and Fraud Survey today that emphasizes consumer perspectives on customer experience and fraud prevention management. . US customers and their banks are familiar with different types of fraud including card, identity, and payment related frauds. This could be why U.S.

Survey 52

Survey Fraud US Customer Experience 52

FICO

FEBRUARY 16, 2022

FICO published our 2021 Digital Consumer Banking and Fraud Survey today that emphasizes consumer perspectives on customer experience and fraud prevention management. . US customers and their banks are familiar with different types of fraud including card, identity, and payment related frauds. This could be why U.S.

Survey 52

Survey Fraud US Customer Experience 52

PYMNTS

MAY 17, 2018

Regional lender in Japan, Suruga Bank , apologized this week and admitted that staff may have knowingly processed loan documents that were falsified for a struggling property investment scheme, adding to the list of corporate scandals plaguing the country, reports in Bloomberg said. Meanwhile, Prime Minister Shinz?

Compliance 108

Compliance Lending National Fraud 108

FICO

MARCH 10, 2022

I’ve been writing recently about the results of our recent global consumer fraud survey. But like most things, it’s not as simple as it sounds, as large customer groups are likely to switch banks if they are dissatisfied with their response to a fraud management incident (more on that in a moment). a biometric).

Fraud 52

Fraud Survey Cards Customer Experience 52

FICO

DECEMBER 14, 2021

But European fraud and financial crime have continued to evolve. In the UK, Action Fraud reported several hundreds of cases of people receiving emails claiming to be from the NHS, offering them a vaccine passport, prompting them to click on a link and input their personal and financial details. Data Breach Reporting Use.

Fraud 52

Fraud Management Data Trends 52

FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Here’s an excerpt of what Adam reported: 1. Synthetic Identities and Application Fraud. Tue, 07/02/2019 - 02:45. by TJ Horan.

Fraud 52

Fraud Analytics Trends Innovation 52

PYMNTS

JANUARY 30, 2019

What’s more, companies must also work to remain compliant with the laws in place across the different regions where they operate. In addition, how can they remain confident that they are in compliance with existing AML laws? How FrontFundr Keeps Its Investment Platform Fraud-Free. News From The AML/KYC Ecosystem .

How To 170

How To blockchain Compliance Regional 170

Abrigo

JULY 14, 2023

Creating data analytics and reports alone are not the strategies; rather, they are the critical inputs to assist decision-makers in developing and executing those strategies. Staff producing the reports must communicate with management and inquire what management wants to glean or achieve from the data insights. Industry borrower data.

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Strategy Data Analytics Analysis 195

Abrigo

AUGUST 22, 2019

Ongoing training is at the very heart of a satisfactory Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program in financial institutions. One option that makes it easy for BSA officers to complete required training is to attend regional meetings. Cost for these regional meetings is $100, and dates and locations are: Sept.

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Training Las Vegas Alabama Minneapolis 150

FICO

JUNE 12, 2020

In comparison to others in the Asia Pacific region, regulation has evolved due to last year’s Royal Commission, updates to the privacy act as well as changes enacted by global bodies such as the FATF (Financial Action Task Force). banks reporting they have strategic convergence plans. . Reporting lines: 8% very integrated.

Fraud 52

Fraud Compliance Regional System 52

FICO

DECEMBER 21, 2020

Predicting the future is an annual pursuit at FICO, and this year my 2021 fraud predictions for the European region reflect how some of the broad trends that shaped 2020 will mutate into specific fraud challenges in the coming year. Prediction 1: Scams Will Become the Leading Fraud Type — and Not Just in the UK.

Fraud 52

Fraud Trends Comparison Compliance 52

PYMNTS

NOVEMBER 14, 2017

A new report by business banking market research and analysis firm East & Partners suggests corporations aren’t opposed to changing banks as a direct result of new FinTech solutions businesses want to use. Researchers announced East & Partners’ new report, “Financial Technology and the Corporate,” on Monday (Nov.

Tools 179

Tools Fintech Survey Analysis 179

PYMNTS

DECEMBER 12, 2019

Players in the sharing economy must contend with an increasingly complex online payments ecosystem as they move into new regions and attract participants to their platforms. Fraud, Payment Regulations Are Affecting Seamless Payments. Outdoorsy users looking to rent their RVs list them on the online platform for local renters to book.

Payments 137

Payments Fraud Regulation Innovation 137

PYMNTS

OCTOBER 4, 2017

In a press release, Trulioo said the tool can help verify if a business is real in order to enable companies to detect cybercrime, fraud and other criminal activity, like tax evasion or money laundering.

Tools 116

Tools Company Fraud Compliance 116

PYMNTS

MARCH 11, 2019

According to a report in Fintech Futures , the idea behind the project is to use permission-based blockchain technology so credit unions can reach more members that don’t have access to financial services. The blockchain network will be offered to all credit unions around the world later this year, noted the report.

blockchain 160

blockchain Regulation Community Bank Regional 160

PYMNTS

AUGUST 6, 2019

Latin America is often considered to be the world leader in electronic invoicing thanks to government mandates, but the Asia Pacific region is quickly gaining steam in its eInvoicing efforts, too. And beyond government efforts, FinTechs in the private sector are also promoting eProcurement digitization in the region. On Monday (Aug.

Regional 108

Regional Taxes System Guidelines 108

FICO

JUNE 14, 2021

In this post, I’ll provide a quick overview of how BNPL works, and share my thoughts on how BNPL fraud can occur and where the financial liability lays. . As reported by Reuters , Australia-based Afterpay said it saw active U.S. Strategies and Tools for Fighting BNPL Fraud. A BNPL Primer. BNPL saw significant growth in the U.S.

Fraud 52

Fraud Cards Millennials Utah 52

FICO

MARCH 11, 2020

This type of fraud is known as subscription fraud or first party fraud, where a consumer is opening an account for a subscription service (e.g., This type of fraud can constitute 10-20% of the bad debt. In this blog post I will look at: The growing problem of subscription fraud. This is not subscription fraud.

Fraud 52

Fraud Industry Analytics Strategy 52

PYMNTS

MARCH 12, 2018

Fraud experts warn it could be a business-shuttering mistake to assume a small or medium-sized business (SMB) is less susceptible to fraud than large enterprises. At the time, the company’s Regional Advisory Practice Director Alan Flower told reporters that SMBs will likely be most affected by a lack of compliance.

Data 100

Data Compliance Fraud Bitcoin 100

Abrigo

JULY 22, 2022

And while their privacy and security are excellent, cryptocurrency networks do not yet have regulations in place in case of hacks or fraud , so consumers who fall victim to financial crime have no recourse to recover. Characteristics of crypto fraud and money-laundering. Fraud Prevention. It is estimated that $2.8

cryptocurrency 195

cryptocurrency FDIC Regulation Fraud 195

FICO

SEPTEMBER 16, 2020

FICO’s Integrated AML Compliance Survey has revealed that while the vast majority of banks in more than 11 countries around the Asia Pacific region believe that AI will strengthen anti-money laundering efforts, many remain unsure how to operationalize the advanced technology. Investment in compliance technology.

Survey 52

Survey Compliance Regional System 52

PYMNTS

APRIL 18, 2019

That country enforced a similar regulation in 2014, and businesses reported a subsequent overnight conversion drop of more than 25 percent due to the extra payment steps required. SCA’s goals are laudable by any measure, as the requirement seeks to reduce fraud and make online card-not-present (CNP) transactions more secure.

Fraud 148

Fraud Regulation Compliance Online 148

Insights on Business

NOVEMBER 19, 2018

Meanwhile, according to Euromoney , banks are leveraging artificial intelligence to detect and track fraud across their networks to help limit overall risk. For one regional bank working with IBM, this means a focus on credibility that capitalizes on the bank’s credit risk and specialty lending services. Thinking Outside the Box.

Compliance 177

Compliance Regional blockchain Technology 177

FICO

AUGUST 16, 2019

First-party fraud refers to an applicant or customer’s intention to commit fraud, whether through use of a true, manipulated or synthetic identity. It’s difficult to define the problem and many banking professionals debate the merits of who “owns” the first-party fraud problem — the credit risk group or the fraud group.

Fraud 40

Fraud Analytics Groups Management 40

PYMNTS

JUNE 28, 2018

One of the recent cyberattacks against Latin American financial institutions, this one targeting Mexico’s central bank, resulted in the theft of a reported $15.2 Fraud is a Top Worry. Evidence of that comes from Swift’s Latin America Regional Conference , held earlier this month in Miami. The Wider Costs of Cyberattacks.

America 102

America Security Miami Conference 102

CFPB Monitor

MARCH 24, 2016

The CFPB has issued an advisory and a report with recommendations for banks and credit unions on how to prevent, recognize, report, and respond to financial exploitation of older Americans. ” On May 6, 2016, from 12:00 PM to 1:00 PM ET, Ballard Spahr attorneys will conduct a webinar on the advisory and report.

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Report Compliance Regulation Training 60

PYMNTS

AUGUST 16, 2016

Compliance with AML, KYC and sanctions requirements continues to be a key focus area for financial institutions under pressure to implement a robust and agile compliance program that ensures legal requirements are met at both a regional and global level,” said Rob Hartley, VP of product at Trulioo , in a press release announcing the enhancements.

Compliance 100

Compliance Meeting Fraud Regional 100

PYMNTS

NOVEMBER 22, 2019

Ongoing security concerns have prompted the Federal Reserve to further scrutinize big tech firms that serve the banking industry, The Wall Street Journal (WSJ) reported on Thursday (Nov. Can we look at their overall compliance management program?”. 21), citing a senior official.

Security 116

Security Policies Conference Compliance 116

Bank Innovation

MARCH 2, 2018

The 16 registered cryptocurrency exchanges currently operating in Japan will soon form a self-regulating body, after a $530 million heist of digital coins in the region led to investor concerns, Reuters reported today.

cryptocurrency 199

cryptocurrency Regional Regulation Operations 199