FICO

DECEMBER 10, 2020

In 2021 I believe AI will cross the chasm, becoming a reliable and safe, mainstream business technology — but maybe not how, or for reasons why, you might expect. As for the last point, domain-specific machine learning microservices provide instant access to machine learning technology that is pre-built for a specific problem.

Analytics 98

Analytics Fraud Data Software 98

PYMNTS

SEPTEMBER 11, 2017

B ut once the secrets are public knowledge, you clearly cannot trust that information anymore — by definition, it is no longer a secret.” . The faster companies move to those relatively advanced techniques, said Blake Hall, the lower the risk of being the victim of fraud and breaches — and the risk to businesses. .

Fraud 136

Fraud Data Course Security 136

Insights on Business

JUNE 28, 2018

Some of the biggest applications of AI today in banking and finance are in front-end customer service like chatbots or virtual agents, or in the securities sector by identifying credit card fraud and helping to detect money laundering/creating digital trust, and lastly in the simple task of automating redundant processes.

Compliance 70

Compliance Case Study Analysis Analytics 70

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Monitor credit reports and bank account activity to timely identify and prevent fraud and identity theft.

Data 91

Data How To Community Bank California 91

Abrigo

MAY 8, 2024

You might also like this webinar, "The check's in the mail: Understanding and preventing check fraud." WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. This short be 2 lines max.

Examples 221

Examples Fraud Resources Risk Management 221

Gonzobanker

NOVEMBER 17, 2016

This year’s Money 20/20 event in Las Vegas drew a massive attendance with 11,000 individuals, 4,500 companies, tons of new technology, and a mind-blowing expanse of collective brain power. Alipay, China’s “Global Lifestyle Super App,” is definitely on Cornerstone’s radar.

Payments 60

Payments Las Vegas Risk Management Cyber Security 60

FICO

NOVEMBER 1, 2022

Application Fraud – Does Canada Need a New Approach? FICO’s Fraud, Identity and Digital Banking Survey 2022 shows that customers in Canada want slick onboarding processes, where fraud controls work but don’t delay account opening. And what does that mean for the future of your fraud management solutions?

Fraud 52

Fraud Survey Customer Experience Data 52

Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

Fraud 93

Fraud Training Cards Data 93

FICO

NOVEMBER 7, 2022

Fighting Scams and Authorized Push Payment Fraud in the US. US regulators seem poised to update the status quo for bank liability for authorized user/authorized push payment fraud, but just how big is the potential? In multiple geographies around the world, there has been a strong focus on authorized push payment fraud.

Fraud 52

Fraud US Payments South Carolina 52

Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

Fraud 70

Fraud Training Cards Data 70

Social Assurance

APRIL 13, 2021

Let me break it down for you with some simple definitions, followed by data that explains why AI is important. Then I’ll end it with how the use of technology is currently, or will eventually, help your financial brand. View our Resources on Marketing Technology. What is Artificial Intelligence (AI)? Efficiency Ratio.

Branding 15

Branding Fraud Arizona Data 15

FICO

JANUARY 19, 2022

From TBML to BNPL to NFTs, 2021 found fraud and financial crime professionals dealing with a plethora of new challenges and criminal schemes. Our five most popular posts of the year dealt with trade-based money laundering, non-fungible tokens, buy now pay later scams, courier scams and good old credit card fraud. Here are excerpts.

Fraud 52

Fraud Cards Report Analytics 52

FICO

MARCH 26, 2018

In many financial institutions, different products and/or channels are often managed by different teams. For fraud management, this means the people managing card fraud are not engaged in managing ACH payment fraud, and the person worrying about customer experience is not the person awake at night with fraud worries.

Fraud 86

Fraud Management Strategy Analytics 86

FICO

FEBRUARY 12, 2023

The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models. It’s difficult, but embracing new technology means that we have the opportunity – nay, the imperative – to focus on humanizing the customer experience.

Digital Banking 52

Digital Banking eBook Analytics Customer Experience 52

Fintech Labs Insights

OCTOBER 30, 2016

Deloitte recently asked what we should make of “regtech” in a new report titled, “RegTech is the new FinTech: How agile regulatory technology is helping firms better understand and manage their risks.” OutsideIQ ( F16 ) enables FIs to uncover regulatory risk using a combination of machine learning and human analysis.

blockchain 12

blockchain Trends Fintech social media 12

PYMNTS

MAY 19, 2017

In the complex payments space, it’s often innovate-or-die, especially when it comes to cross-border payments methods and payments technologies. BS: At the core of our existence, WEX is focused on building solutions that lie at the intersection of payments, data and technology. We are always focused on managing security and fraud risk.

Innovation 123

Innovation Payments Technology Security 123

PYMNTS

JANUARY 12, 2017

Even with the best technologies, banks are still risk-averse by nature.”. As for faster payments, banks first want to fully understand the risk they are taking with a particular merchant before they invest in extending new offerings, McShirley said. I’m definitely not for the status quo,” said McShirley.

Payments 100

Payments Risk Management Community Bank Community 100

PYMNTS

MARCH 5, 2018

Amid the risk mitigation challenges faced by internationally trading businesses, B2B payments are accelerating, which has also shifted risk exposures. Technology is moving to enhance payments security, but there is now a smaller window of time for fraud and other risks to be identified before a transaction settles.

Payments 105

Payments Strategy Fraud Survey 105

PYMNTS

JANUARY 27, 2017

All told, bits of paper and plastic that help definitively state that you are who you say you are. Those tangible items can also be gateways to fraud. So, he said, “there are government-level initiatives in trying to define various levels of categories, of attributes” for different concepts of risk. Maybe a credit card or two.

blockchain 100

blockchain Security Guidelines Fraud 100

Gonzobanker

AUGUST 17, 2016

With an increasing industry focus on finding opportunities for revenue growth, BI comes up all the time in conversations of both strategy and technology. Anyone running a BI team knows that managing technology is easier than setting specific priorities across the enterprise. The technology solutions available are ever changing.

Leadership 60

Leadership Tools Big Data Risk Management 60

Gonzobanker

DECEMBER 22, 2014

EVP: I definitely think we should build here as long as we can be assured that we can get the talent that we need long term. THE TECHNOLOGY AWARDS. And won’t address the biggest area of fraud growth, which is card-not-present. The Technology Company that Caused the Most Project Heartache in Bank I.T. Technology Services.

Los Angeles 101

Los Angeles Apple Risk Management California 101

Gonzobanker

DECEMBER 22, 2015

It’s nice to see somebody passionate about using new payments technology to make banking easier and cheaper for the financially disadvantaged. Let’s see if better technology and delivery tools get the idea farther down the road this time. Vendor management. “I THE TECHNOLOGY AWARDS. Technology of the Year Award.

Community Bank 60

Community Bank Apple Community Technology 60