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Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

Perficient

fraud detection and financial crime monitoring). email, text, audio data), with the aim of identifying fraud or anomalous transactions. These technologies are also used to better target marketing in retail and customize trade recommendations in wealth management. Risk Management. Credit Decisions.

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Four Steps for Managing Third-Party Cyber Security Risk

FICO

As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it. The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management.

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FICO Cyber Risk Score Is First on AWS Marketplace

FICO

This version of the FICO Cyber Risk Score exceeds the published performance results of competitors by a factor of more than 5X, further solidifying FICO’s position as the most accurate security rating on the market. A new report from Chartis Research named FICO as a category leader in cyber risk quantification.

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FICO Named Category Leader for Cyber Risk Quantification

FICO

For the second year running, FICO has been named as category leader in the recently published Chartis ‘Cyber Risk Quantification Solutions 2020: Market Update and Vendor Landscape’ report. As the report shows, the market for Cyber Risk Quantification Solutions (CRQ) continues to show rapid growth.

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Some Fintech Podcasts To Add To Your List

William Mills

Topics include fintech, risk management, blockchain, fraud detection and more. This podcast brings opinions, insights and more and is hosted by BAI managing editor Lou Carlozo. Tearsheet features thought leaders, executives, and technologists in the financial industry who are all focused on the future of finance.

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Frictionless Payments Take Center Stage at Money 20/20

Gonzobanker

While consumers and payment providers may hope for frictionless payments, the execution path will require new capabilities and deployments in fraud mitigation, cyber security, open APIs, and enhanced interoperability. The company’s marketing message is that their merchant POS devices can be as smart as consumer devices.

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Are you onboard with AI?

NCR

By using the latest cutting-edge AI technology, financial services providers can innovate and significantly reduce time to market. ” Fighting fraud with machine learning. Banks today can access intelligent fraud detection and prevention solutions that use machine learning to improve detection rates and reduce false positives.