PYMNTS

JULY 1, 2020

The Office of the Comptroller of the Currency (OCC) said in a report this week that it will examine how the coronavirus is impacting compliance by financial institutions (FIs). Additional steps may be necessary to properly segment and secure bank networks if employees use personal devices to connect to bank systems,” the OCC wrote.

Compliance 166

Compliance National Fraud Operations 166

PYMNTS

SEPTEMBER 24, 2020

Staying abreast of these various compliance shifts can be costly and challenging for banks, but doing so is necessary to ensure that financial institutions’ (FIs) operations can run smoothly and ward off cyberattacks. Compliance, Cybercrime And The Cloud . Failing to secure such information could open up FIs to fraud.

Compliance 151

Compliance Fraud Regulation Security 151

PYMNTS

NOVEMBER 11, 2019

Governments are tightening know your customer (KYC) and anti-money laundering (AML) requirements on various industries out of increasing concern over fraud threats. Retail brokerage company Exness recently adopted such solutions from provider Sum&Substance to help the former manage compliance for its two entities.

Video 161

Video Fraud Compliance Security 161

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

SEPTEMBER 11, 2019

Fraudsters have been increasingly focused on mobile services, with one-third of all fraud attacks worldwide reportedly targeting mobile during the first half of 2018 — a 24 percent year-over-year increase. Fighting Fraud Visibly and Invisibly. STACK’s mobile app provides budget management and spending accounts, among other services.

Security 113

Security Fraud Mobile Cards 113

PYMNTS

APRIL 22, 2019

An increasing number of customers want to onboard with retailers and banks through their mobile phones, putting greater pressure on businesses to provide robust, digital know your customer (KYC) checks and other security measures. How DraftKings Keeps Fraud Out of Fantasy S ports. Around the Digital Consumer Onboarding World.

Fraud 143

Fraud Security Online Video 143

Abrigo

JANUARY 3, 2024

FIs must certify that the BOI will be held securely and that the FI has received approval from the reporting entity to access their ownership details. FinCEN is conducting outreach to educate businesses by holding national briefings and issuing fact sheets, Q&A, and videos. Beginning Feb. financial system and our global reputation.

Fraud 221

Fraud Regulation Report Compliance 221

PYMNTS

SEPTEMBER 6, 2018

Compliance and risk? Automating that compliance is now a “need to have.”. Compliance and risk officers have the unenviable task of finding out, sometimes after the fact, that not all the boxes are checked — if they even knew the boxes were there for checking in the first place.

Compliance 133

Compliance Fintech Regulation Knowledge Base 133

FICO

APRIL 8, 2021

Over the last year, the global pandemic has profoundly impacted fraud trends , with financial criminals feasting on a desperate stew of consumer loneliness, financial difficulties, boredom and desperation. Stay in the Know with my Latest Fraud Video. By furnishing mules in the U.S. by Liz Lasher.

Video 72

Video Fraud Florida Cards 72

PYMNTS

SEPTEMBER 23, 2020

A recent study from PwC found that 47 percent of companies had experienced fraud at least once in the past two years, with a grand total of $42 billion in funds stolen over this period of time. There were 223,163 cases of identity theft that year across all generations, with 42 percent of them consisting of bank and credit card fraud.

Technology 208

Technology Report Fraud Study 208

PYMNTS

MARCH 11, 2020

The Reserve Bank of India recently released guidelines outlining an approved method that private companies could use for conducting KYC checks online by using videos. FIs in the United Arab Emirates are also looking to get ahead of fraud with improved digital KYC practices. Download the Tracker to read the Feature Story.

Fraud 150

Fraud Payments Guidelines Regulation 150

PYMNTS

MARCH 29, 2019

Unfortunately, smoothly and securely connecting employers and freelancers from around the globe is no easy task. Gig work marketplaces must tackle these concerns on top of meeting various governments’ security and compliance regulations – and do so quickly, or they’ll turn their user base away. . Global Security .

Security 101

Security Video Fraud Tools 101

FICO

NOVEMBER 20, 2019

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. The only way is to innovate, learn and adapt. by FICO.

Video 40

Video Fraud Cards Analytics 40

PYMNTS

NOVEMBER 14, 2019

This means a more complex anti-money laundering (AML) and know your customer (KYC) compliance strategy. PYMNTS’ latest AML/KYC Tracker explores the emergence of video conference KYC, an important tool to address the demand for digital account opening, particularly when working with new clients in other parts of the world.

Digital Banking 147

Digital Banking Video Strategy Tools 147

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. Accessibility of Deep Fake Technologies.

Fraud 52

Fraud Management Data Trends 52

PYMNTS

OCTOBER 26, 2016

From Wi-Fi hotspots to printers, unsecured routers to digital video recorders — connected devices can be vulnerable to hacks and, when compromised, are being used by hackers to launch significant distributed denial-of-service (DDoS) attacks. to provide additional layers of security. Going Beyond PCI.

Security 100

Security Payments Data System 100

PYMNTS

SEPTEMBER 12, 2019

The latest AMC/KYC Tracker examines current efforts to stop money laundering, fight fraud and improve customer identity authentication in the financial services space. The Cost of Compliance. The projected 2020 cost of AML compliance across all U.S. financial institutions (77 percent) for AML compliance.

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

PYMNTS

JULY 17, 2020

Indian FI IDFC First Bank recently announced that its customers could now remotely onboard via video-based KYC, sparing them from making on-site visits. How AI-Powered Risk Engines, Biometric Authentication Secure Alipay Against Scammers. Find these and all the rest of the latest headlines in the Tracker. About The Tracker.

Report 160

Report Tools Security Mobile 160

PYMNTS

JULY 16, 2019

Homeowners can monetize spare rooms and visitors can secure accommodations before arriving in new cities. Platforms facilitating these transactions must foster trust between property owners and renters if they want to be successful, but creating that confidence requires protecting both parties against fraud and bad actors.

social media 145

social media Security Fraud Strategy 145

FICO

JANUARY 23, 2019

FICO recently hosted 60 banking fraud professionals from 33 organizations and 8 countries at its Asia Pacific Fraud Forum. Attendees were keenly interested in how artificial intelligence and machine learning continues to be a key technology in the fight against fraud and financial crime. Banking Fraud - The Need for Speed.

Fraud 40

Fraud Analytics Compliance Data 40

Gonzobanker

AUGUST 17, 2022

Engagement platform Personetics also secured $85M from Thoma Bravo Digital banking provider Apiture announced a fundraising round led by Live Oak Bank, Pinnacle Bank, and BHG Financial Digital banking provider Backbase raised $128.6M Industry expert John Meyer digs deeply into the implications of this industry-changing rollup deal here.

Fintech 195

Fintech Lending Software Compliance 195

PYMNTS

NOVEMBER 15, 2019

S urvey found that banking customers are increasingly placing a higher value on convenience, personal data security and appealing products. ATMs have become more advanced in recent years, offering unprecedented convenience and security with cameras, passcodes and biometric fingerprint and retina scanners.

ATM 127

ATM Video Survey Chicago 127

PYMNTS

OCTOBER 18, 2019

In the United States, according to some sources such as Javelin , more than one million children were victimized by identity theft — and the fraud costs their families more than $540 million. In an interview with Karen Webster, Zac Cohen, general manager of Trulioo , said kids’ Social Security numbers represent a relatively easy target.

Fraud 106

Fraud Security social media Tools 106

PYMNTS

MAY 15, 2018

The Pros and Cons of Standard Security Choices. 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. Plus, data breaches have left a lot of those security responses exposed. A Portrait of IDV Nirvana.

Fraud 129

Fraud Training Security Compliance 129

Jack Henry

SEPTEMBER 11, 2014

The same principles apply to information security awareness for a financial institution’s (FI’s) stakeholders (employees, board members, and customers). That is, given the same preventative measures, an FI may reduce the number and extent of information security breaches due to fraud. Annual Physicals.

Security 76

Security Exercises Cyber Security social media 76

Abrigo

NOVEMBER 11, 2021

Monitoring this type of activity is where the keen eye of AML and fraud investigations professionals is crucial and where AML software can provide significant support. . Cybercriminals may target organizations with weaker security controls and a higher propensity to pay the ransom due to the criticality of their services. Learn More.

Fraud 195

Fraud cryptocurrency System Trends 195

Abrigo

NOVEMBER 11, 2021

Monitoring this type of activity is where the keen eye of AML and fraud investigations professionals is crucial and where AML software can provide significant support. . Cybercriminals may target organizations with weaker security controls and a higher propensity to pay the ransom due to the criticality of their services. Learn More.

Fraud 195

Fraud cryptocurrency System Trends 195

PYMNTS

NOVEMBER 20, 2019

The approximately 1-minute video is, on its surface, just a strangely mechanical but also human-like recitation of various encouraging slogans culled from what a machine learned from at least seven years of Nike commercials. The latest example of that comes courtesy of CNBC. According to a report this week (Nov. AI Payments.

Tools 126

Tools Video Marketing System 126

PYMNTS

MARCH 29, 2019

The goals of any digital identity verification process or technology include stopping fraud in its tracks, preventing fake accounts from ever being opened and, at the most basic level, maintaining (and even building) a client’s reputation for trustworthiness. Yet, verify they must, McGibbon told Webster. The Sovereign Model.

Handbook 171

Handbook Compliance Online Data 171

FICO

SEPTEMBER 9, 2021

Andras is Vice President and Principal Analyst at Forrester Research, where he is a leading expert on identity management as well as cloud security and enterprise fraud management. All four films are also available in one 30-minute video. Seven-minute interview). The Future of Customer Identity Proofing and Authentication.

Video 52

Video Strategy Fraud Management 52

PYMNTS

NOVEMBER 10, 2020

Longer term, in the drive to make crypto spendable, beyond the rails themselves, McCarthy said that compliance and security standards must be robust. Crypto has been held up by critics as a conduit to fraud and money laundering. We leverage that information before you get onboarded to get a card.

cryptocurrency 324

cryptocurrency blockchain Bitcoin Security 324

FICO

JULY 10, 2020

With this uptick in usage leaving many wondering just how secure this payment method is, I thought it was important to answer some commonly asked questions. Are contactless payments secure? Contactless is just as secure as other payment methods. Here at FICO, we are driven by our core vision to keep people safe from fraud.

Payments 52

Payments Fraud Samsung Security 52

PYMNTS

OCTOBER 7, 2020

He said only focusing on one lever like approval rates can end up leading to worse cost of payments or worse fraud. When used in aggregate and de-identified format to comply with privacy standards, such payment data can provide businesses with valuable insights while meeting compliance requirements and maintaining high security standards.

Data 258

Data Analytics Payments Operations 258

Abrigo

MAY 8, 2024

You might also like this webinar, "The check's in the mail: Understanding and preventing check fraud." Takeaway 2 Generative AI models emulate data put into them to generate apparently new content such as text, images, audio, or video. This can include images, videos, audio, text, and other digital content.”

Examples 195

Examples Fraud Resources Risk Management 195

Abrigo

JUNE 30, 2020

That required a range of adjustments to address safety and security risks. For example, at financial institutions that continue to rely on paper-based BSA/AML systems, the need to send BSA staff home likely meant staffers had to drag files home with them, said Terri Luttrell, Compliance & Engagement Director at Abrigo.

Meeting 195

Meeting Training Conference Software 195

Abrigo

MARCH 21, 2023

You might also like this video on managing interest rate risk. As mentioned earlier, the best strategy to prepare for an oncoming rising rate environment is to secure and lock in funding before there is “blood in the water.”

Risk Management 195

Risk Management Management Strategy Lending 195

Abrigo

NOVEMBER 22, 2021

Consumer Lending Laws & Compliance Financial institutions offering consumer loans need to know about these major consumer lending laws and recent compliance issues. Takeaway 1 Risk tied to consumer lending compliance has been elevated as a result of the pandemic and associated operating challenges. Pandemic Issues.

Compliance 195

Compliance Lending Risk Management Regulation 195