PYMNTS

MARCH 11, 2020

FIs in the United Arab Emirates are also looking to get ahead of fraud with improved digital KYC practices. Taking A Local Approach To Fighting Money Laundering, Fraud Worldwide. They also must keep their honest merchant customers protected from fraud. Deep D ive: Identifying ID-Free Individuals With Mobile Data, Biometrics.

Fraud 150

Fraud Payments Guidelines Regulation 150

PYMNTS

NOVEMBER 6, 2019

Wirecard is having auditing giant KPMG expand the scope of its review of Wirecard financials as the company continues to defend against allegations of fraud. 6) said Wirecard is having KPMG expand its audit review and expects authorities in Singapore to clear the company of any claims of fraud. Reports in Reuters on Wednesday (Nov.

Fraud 100

Fraud Conference Report Operations 100

PYMNTS

OCTOBER 21, 2019

His comments come after FT published documents last week allegedly provided by whistleblowers that “appear to indicate a concerted effort to fraudulently inflate sales and profits at Wirecard businesses in Dubai and Ireland, as well as to potentially mislead EY, Wirecard’s Tier 1 auditor.”.

Fraud 103

Fraud Operations Groups Report 103

Independent Banker

FEBRUARY 28, 2022

Kathy Strasser of IncredibleBank is evaluating marketing campaign management platforms. We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. Their ability to market and add banking functionality … is a natural fit.”.

Fintech 136

Fintech Marketing Community Bank Community 136

PYMNTS

DECEMBER 13, 2019

The inclination of younger cohorts to plan like mad and (over)spend on getaways is well-documented. Platforms are doubling down on security in the wake of embarrassing data breaches and steady consumer fraud complaints, but it’s a fluid situation. This is perhaps most prevalent in the travel space.

Fraud 130

Fraud Millennials Comparison Online 130

PYMNTS

APRIL 4, 2018

MonetaGo is rolling out India’s first blockchain network, a solution aimed at addressing the risk of fraud in the trade finance market. According to MonetaGo Chief Executive Jesse Chenard, between 1 and 2 percent of invoice financing around the globe is subject to fraud.

blockchain 118

blockchain Fraud Tools Report 118

PYMNTS

SEPTEMBER 8, 2020

The investigation will look into whether Intuit engaged in deceptive or misdirecting practices when it marketed TurboTax's paid products to people eligible to file their taxes for free. That came after the IRS agreed not to make its own free tax tool when Intuit and other similar companies agreed to provide their own.

Marketing 150

Marketing Taxes Tools Report 150

Perficient

FEBRUARY 29, 2024

Banking Rewards and Loyalty Programs Throughout the year, banking rewards and loyalty programs will take on increased significance, highlighting the critical role of personalization in enhancing customer retention and maintaining competitiveness in the face of external pressures such as money markets.

Trends 221

Trends Industry Analytics Compliance 221

PYMNTS

MAY 18, 2018

After reviewing 1,450 documents downloaded from three popular websites that track coin offerings, the Wall Street Journal discovered 271 with red flags that included plagiarized documents, pledges of guaranteed returns and missing or non-existent employees. million in a public offering in March. million in a public offering in March.

Bitcoin 102

Bitcoin Fraud Examples Security 102

PYMNTS

AUGUST 3, 2020

For example, fraud across all financial products in the U.K. And what we’ve got our minds on now is very much what else we can bring to the market that would provide an advantage to our customers.”. Using AI And Other Tools To Fight Fraud . rose 33 percent in April. Three Ways To Verify Identity .

Fraud 225

Fraud Online Data Tools 225

PYMNTS

JULY 16, 2020

German market watchdog Federal Financial Supervisory Authority, or BaFin , has come under fire for its actions in the Wirecard scandal, as the regulator reportedly failed to investigate warnings about the payments firm and instead cast more scrutiny on accusers, The Wall Street Journal (WSJ) reported.

Report 169

Report Fraud Regulation Marketing 169

Insights on Business

MAY 6, 2019

Payment fraud detection has always had a bit more latitude than its counterparts in anti-money laundering, customer due diligence and even trade surveillance compliance. Unlike the latter areas, fraud prevention is an area not as heavily governed by regulations or specific rules of what a financial institution should or should not allow.

Fraud 102

Fraud Regulation Compliance Analytics 102

Perficient

DECEMBER 14, 2023

One of the examples is managing the 12-b1 fees, which are marketing and distribution costs in mutual funds. Identification of invoice exceptions to prevent fraud. Document Intelligence ’s AI model captures and analyzes the data and uses predictive ML models to assign confidence scores to the extracted data to ensure reliability.

Training 221

Training Strategy Exercises Data 221

Perficient

DECEMBER 14, 2023

One of the examples is managing the 12-b1 fees, which are marketing and distribution costs in mutual funds. Identification of invoice exceptions to prevent fraud. Document Intelligence ’s AI model captures and analyzes the data and uses predictive ML models to assign confidence scores to the extracted data to ensure reliability.

Training 221

Training Strategy Exercises Data 221

Abrigo

MARCH 22, 2023

A well-known example of a TBML system is the Black Market Peso Exchange , where U.S. Read now Means and methods How trade-based money laundering works In recent years, investigations have documented how terrorist organizations work with transnational organized crime groups to facilitate terrorist financing.

Training 195

Training Fraud New Jersey Regulation 195

Abrigo

OCTOBER 15, 2020

Key Takeaways Economic relief payments are often subject to fraud – PPP is no exception. BSA Officers should be aware of PPP red flags to identify potential fraud. Economic relief payments are often subject to fraud, and the Paycheck Protection Program (PPP) is no exception. Other PPP Fraud Indicators. C&I Loans.

Fraud 150

Fraud Lending Los Angeles Taxes 150

PYMNTS

APRIL 16, 2019

A German markets regulator has filed a complaint with prosecutors alleging that shares of Wirecard were manipulated by someone who potentially had prior knowledge of a forthcoming damaging article written by the Financial Times , according to Reuters. . Wirecard’s stocks fell after the Jan.

Regulation 116

Regulation Marketing Compliance Fraud 116

FICO

JULY 15, 2021

The challenge for financial institutions of fighting fraud and tackling financial crime has never been greater. As the market for global payments and financial services grows, criminals develop new strategies and technologies to make illicit gains. The new community is driven by some of the finest minds in fraud detection.

Community 52

Community Fraud Online Trends 52

PYMNTS

NOVEMBER 27, 2019

Cybercriminals are thus increasingly turning to online platforms to perpetuate card-not-present (CNP) fraud. Customers and retailers are not the only ones being targeted, either: Fraudsters are also using automated bots to trick advertisers into paying money for false marketing impressions. Around The Digital Fraud World.

Fraud 151

Fraud Philadelphia social media Trends 151

Abrigo

AUGUST 18, 2020

Key Takeaways BSA officers need to stay aware of emerging fraud trends that are a result of the pandemic. Consider a risk-based lookback for your PPP portfolio to fight fraud. Be aware of emerging fraud schemes. Any time there is a large-scale , global issue, you can expect to see a rise in fraud, and COVID-19 is no different.

Fraud 195

Fraud Lending Trends Compliance 195

PYMNTS

JANUARY 15, 2018

Switzerland alternative lending company Tradeplus24 is entering the Australian market through a collaboration with Trade Ledger , the companies announced. Technology can remove barriers to more sophisticated underwriting that currently exists due to the document-intense nature of trade, he said. Reports Friday (Jan.

Lending 100

Lending Marketing Fraud Technology 100

Abrigo

AUGUST 18, 2020

Key Takeaways BSA officers need to stay aware of emerging fraud trends that are a result of the pandemic. Consider a risk-based lookback for your PPP portfolio to fight fraud. Be aware of emerging fraud schemes. Any time there is a large-scale , global issue, you can expect to see a rise in fraud, and COVID-19 is no different.

Fraud 195

Fraud Trends Compliance Technology 195

PYMNTS

SEPTEMBER 25, 2019

The stage is set, then, for fraudsters to conduct their nefarious activities at scale, through synthetic ID fraud and other means. Regulations designed to combat fraud have yet to keep pace with the fraudsters themselves, noted Ritter. Asking for an ID document upfront, paired with a selfie, stands as a strong deterrent to fraudsters.

How To 189

How To Security Fraud Mobile 189

Abrigo

APRIL 30, 2020

Key Takeaways Borrowers must document how their PPP loans are used Borrowers must maintain employee and compensation levels At least 75% of the loan must be used for payroll and other permissible expenses Borrowers must have "economic need" for a PPP loan. Loan proceeds aren't documented.

Los Angeles 273

Los Angeles Lending Resources Software 273

PYMNTS

DECEMBER 14, 2020

We've built Amazon Payment Services using Amazon technologies that help you monitor payment performance and offer protection against fraud,” Soudodi said in the letter. “We We also revamped API documentation to make it more intuitive and listened to feedback from the community of developers we have worked with.

Payments 199

Payments Fraud Video Regional 199

PYMNTS

JUNE 23, 2017

’s AimBrain deploys biometric authentication technology to combat fraud for FinTechs and financial institutions. The Series A investment was announced alongside the news that Accel’s Sonali de Rycher will also join the company’s board, and the funding will help Soldo expand beyond its key markets in the U.K.

Fintech 171

Fintech Marketing New York City Capital 171

PYMNTS

SEPTEMBER 20, 2019

Plot Thickens as FBI Probes Alleged MyPayrollHR Fraud. The group’s connected commerce behaviors are well-documented in the annual PYMNTS/Visa How We Will Pay 2019 study. Bank: Machine Learning Is Banks’ Best Bet Against Fraud. PayPal Lowers Installment Credit Threshold to $30 – $99 Purchases. Trackers and Reports.

Fraud 108

Fraud Payments Bitcoin Lending 108

PYMNTS

JANUARY 19, 2021

The larger issue is remote onboarding becoming the dominant form of account creation, and how to secure a world where in-person meetings are out, and documents can be faked. That same report noted “an encouraging drop of 24 percent in ID-based fraud rates in 2020 from 2019. billion in 2020 alone.”. Digital A Lifesaver For HR Pros.

Fraud 151

Fraud Survey Video Mobile 151

Abrigo

MAY 15, 2020

Key Takeaways Like other federal relief programs, the PPP has become subject to fraud. The first federal charges of PPP loan fraud have been made – and they're unlikely to be the last. From 9/11 to Hurricane Sandy, and now, during COVID-19, federal relief funds aimed to help people rebuild after a disaster becomes subject to fraud.

Lending 195

Lending Rhode Island Fraud Los Angeles 195

PYMNTS

MAY 10, 2016

But Tungsten Head of Compliance Lucy Ashdown offered her take on the company’s research to discuss why FinServ firms might be seeing more invoice fraud than other industries. officials to combat fraud, Ashdown also discussed who carries the torch of responsibility when it comes to fighting this kind of security lapse in the enterprise.

Fraud 100

Fraud Compliance Security Industry 100

PYMNTS

JULY 2, 2020

billion Wirecard AG fraud fiasco. Auditors should be required “to find fraud rather than stumble over it,” Donald Brydon , appointed last year to overhaul audit standards in the United Kingdom, told the Financial Times. Many are now debating the role of auditors in fraud mitigation.

Fraud 142

Fraud Regulation Payments Report 142

PYMNTS

JUNE 22, 2020

The Securities and Exchange Commission has filed a lawsuit to freeze the assets of two brothers allegedly engaged in “an offering fraud” and in misappropriating investor funds. Fraud relating to cryptocurrency has been on the rise in recent years as the form has become more mainstream. The complaint was filed in the U.S.

Bitcoin 175

Bitcoin cryptocurrency Pennsylvania Fraud 175

PYMNTS

APRIL 15, 2019

The marketplace operators sell the data to cybercriminals who use it for identity theft, online fraud and other crimes – and the data is worth anywhere from $5 to $200. Using the data, however, is a bit complex for thieves, as it is only possible via a Chrome extension created by the Genesis market makers. Attorney Justin E.

Fraud 129

Fraud Data Security Ohio 129

PYMNTS

AUGUST 29, 2019

Digital fraud continues to be one of the most pressing issues that marketplaces face today. Experts estimate that total fraud losses in 2018 totaled $3.9 Developments Around The Digital Fraud World. Businesses are turning to a variety of solutions to fight fraud, including leveraging blockchain technology.

Fraud 158

Fraud blockchain System Cards 158

PYMNTS

JULY 19, 2020

Documents reviewed by FT showed the investigation by KPMG, one of the Big Four accounting firms, had been commissioned by Wirecard last fall to address concerns over the company’s accounting practices. . Reporting solely on KPMG’s forensic investigation carries the danger of misinterpretation,” they noted. .

Report 154

Report Fraud Operations Payments 154

PYMNTS

APRIL 1, 2020

.” Professionals working from home and relying on their personal cell phones to conduct business presents new challenges in combating B2B payments fraud, while empty offices have also threatened the B2B ecosystem’s ongoing use of paper checks with no one available to print or sign the documents.

Marketing 160

Marketing Retail Fraud Examples 160

Gonzobanker

SEPTEMBER 21, 2023

Core connectivity and API providers CFM and NXTsoft merged, acquiring document workflow provider IMM and rebranding as Kinective. Alogent acquired document imaging and tracking solution provider AccuSystems. CSI partnered with Dragonfly for treasury management and with Hawk AI for fraud and anti-money laundering solutions.

Fintech 103

Fintech Software Illinois Lending 103