Abrigo

JULY 14, 2023

For example, say your management and board’s strategy for the upcoming year is to grow the CRE loan portfolio by 10%, and the institution needs to consider expanding into new markets to achieve this goal. Where are the majority of your borrowers and collateral located, and where should the institution concentrate its marketing efforts?

Strategy 195

Strategy Data Analytics Analysis 195

PYMNTS

MARCH 28, 2019

The inaugural edition — based on input from 3,813 consumers, 102 CU executives and 49 FinTech executives — examines over 190 data points on how CUs pursue innovations related to data security, fraud and anti-money laundering. percent cited fraud protection and 33 percent cited data security as their key priorities for the same timeframe.

Fraud 139

Fraud Innovation Fintech Security 139

PYMNTS

AUGUST 9, 2020

The PFSA said it “would like to remind you that the cryptocurrency market in Poland is not a regulated or supervised market. PFSA does not license, supervise or exercise any other powers with regard to cryptocurrency trading activities,” Cointelegraph reported.

blockchain 224

blockchain Bitcoin New York cryptocurrency 224

PYMNTS

OCTOBER 3, 2017

New research from RSM, which provides consulting services to middle-market firms, finds that U.K. market calls “mandate fraud.”. million because of mandate fraud, which, like the business email scam, involves a scammer emailing a supplier or business to trick them into making a payment into a fraudulent account.

Fraud 103

Fraud Training Exercises Cards 103

Insights on Business

FEBRUARY 13, 2019

Cyber fraud – including executive digital impersonation. He outlined four key steps to effective implementation: Exercise and test your strategy and plan. It takes a long time to produce a proper exercise. –> Explore IBM Banking and Financial Markets Solutions. Phishing attacks. Insider risk. Supply chain risk.

Cyber Security 137

Cyber Security Security Exercises social media 137

Gonzobanker

MARCH 28, 2024

The digital players are working to differentiate based on stronger customer experience features and tight integrations in areas such as financial health, data-driven marketing and fraud/security. This is an area where speed-to-market competition will be important. #3. Due diligence is your friend.

Digital Banking 134

Digital Banking Customer Experience Strategy Exercises 134

PYMNTS

JUNE 8, 2018

Those games might revolve around the question of whether to raise prices by a certain percentage, for instance, or seek to anticipate the effects of a competitor breaking into the market. Other companies that took part in the exercise included BAE Systems , Lockheed Martin , Northrop Grumman and Raytheon , “all of whom are members of the U.S.

Exercises 151

Exercises Louisiana Cyber Security Tools 151

NCR

NOVEMBER 21, 2016

It’s a regulatory shift that has been described as “ one of the biggest changes that the banking sector has ever faced “ The updated rules will have repercussions including more openness to new players in the payments market, as well as some significant implications in terms of fraud. ” The fraud implications.

Fraud 40

Fraud Compliance Payments Exercises 40

PYMNTS

JULY 21, 2019

The Justice Department discovered that Ying knew about the data breach before it was public and exercised all of his stock options. Investigators were unable to find the stolen data on digital black markets, leading to suspicions that spies, not fraudsters, were ultimately behind the breach.

Data 156

Data Exercises Security Policies 156

FICO

MARCH 24, 2021

During this period, financial institutions filed 7,044 SARs specifically designated as suspected TBML/BMPE (Black Market Peso Exchange) activity, versus the more than 9.6 Trade finance has traditionally been a resource-intensive manual process because global trade still depends on paper documents, making it susceptible to documentary fraud.

Compliance 98

Compliance Study Trends Fraud 98

PYMNTS

NOVEMBER 23, 2016

Members of FS-ISAC began participating in the “Hamilton Series” exercises to help develop rapid response capabilities to debilitating cyberattacks industrywide. The industry thought it was important to do this as part of business continuity planning, and that it needed to be an industry-led initiative.”.

Groups 100

Groups Data Exercises Guidelines 100

PYMNTS

NOVEMBER 2, 2018

Whether driven by regulation or market competition, the financial services sector in several jurisdictions is progressing toward open banking, interconnectivity and a freer flow of data between customer accounts and third parties. It’s when 100 of their clients see simultaneous hacks that the real problem occurs. ”

Security 194

Security Data Strategy Trends 194

Abrigo

MARCH 11, 2022

Thanks to an increase in mobile payments precipitated by the pandemic and rising security concerns due to the Russian conflict in Ukraine, the world of financial fraud prevention is more dynamic than ever. Regulatory topics for NBFIs to watch for. Be assured that regulatory bodies share information and stay updated on other consent orders.

Regulation 195

Regulation cryptocurrency Policies Management 195

BankBazaar

MARCH 15, 2024

Understanding the emotional triggers behind our spending can help us develop healthier financial habits and exercise greater control over our impulses. They provide a convenient means of payment, offering protections such as fraud liability and purchase protection.

US 78

US Cards Exercises Tools 78

CFPB Monitor

DECEMBER 6, 2022

We do not believe that, for example, swapping out merchant gift cards for another merchant’s gift cards would be a modification; however, eliminating airline ticket purchases from a travel card that marketed the use of points/miles for airline ticket purchases would likely be a modification. .

New York 78

New York Cards National Compliance 78

PYMNTS

MAY 15, 2018

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. The names of most people’s childhood pets and favorite teachers are now for sale on the black market. Trend spotting enables providers to be proactive about new types of fraud.

Fraud 129

Fraud Training Security Compliance 129

PYMNTS

MARCH 30, 2018

With fresh concerns about government regulation of cryptocurrency surfacing, Bitcoin and other digital tokens continued the recent declines in value, erasing $550 billion in value for the global cryptocurrency market since the start of 2018. After all, one of the appeals of digital tokens is that they are not regulated and are anonymous.

cryptocurrency 115

cryptocurrency Bitcoin Regulation social media 115

FICO

JUNE 12, 2020

This region, and Australia in particular, is under scrutiny in light of recent, high-profile money laundering cases and instances of noncompliance spanning the banking sector, casinos, clubs and the property market. Convergence—that is, bringing together fraud and AML functions—will be key, as well as moving on from rule-based AML systems.

Fraud 52

Fraud Compliance Regional System 52

PYMNTS

APRIL 30, 2018

Ethoca ’s Keith Briscoe, chief marketing and product officer; Julie Fergerson, SVP industry solutions; and Corey Levin, general counsel touched on the salient points in a recent webinar with Karen Webster. Otherwise, the merchant will not be able to protect itself from fraud or the cardholder from being exposed to fraud in the future.”.

Fraud 138

Fraud Regulation Data Compliance 138

Independent Banker

JULY 31, 2022

In 2022, things changed with whiplash speed, as the Fed hiked interest rates to quell inflation, the mortgage refinance market dried up and the effects of macro changes, from the Russian invasion of Ukraine to a talent shortage, began to be felt keenly. Rethinking branches isn’t a one-size-fits-all exercise. Strengthen controls.

Strategy 135

Strategy Community Bank Louisville Community 135

Accenture

NOVEMBER 20, 2017

In “Paradise Lost”, 17th-century English poet John Milton describes two types of warriors: One group are “employed in sporting games and exercises” and “sing in the valleys”, while the other group “rend up both rocks and hills”, “make wild uproar” and “ride the air in whirlwind”.

Trends 170

Trends Payments America Strategy 170

FICO

DECEMBER 20, 2018

The annual exercise of staring into our crystal balls and making predictions for the coming year has begun. Siloed business units and technology stacks for credit risk, marketing, fraud and compliance work extraordinarily well for maintaining the status quo, but poorly when it comes to large-scale transformation.

Trends 73

Trends Lending Fraud Exercises 73

PYMNTS

SEPTEMBER 15, 2017

It noted that ICO projects are often in early stages of development, exist in an unregulated space, offer no investor protection and suffer from price volatility, fraud potential and inadequate documentation. Dimon said he would fire any JPMorgan employee found to be speculating in that market. This week, U.K.’s

Bitcoin 177

Bitcoin cryptocurrency blockchain Regulation 177

FICO

JUNE 11, 2018

For the past 22 years, the National Automotive Finance (NAF) Association has produced a report for the non-prime auto financing market which serves as a key source of benchmarking for those who participate in or support non-prime automotive financing. The final report showcases the status of the non-prime market in the U.S.

Industry 53

Industry Fraud Survey Analytics 53

PYMNTS

JULY 10, 2020

Regulation Vs. Market Forces. it’s been an organic-but-inevitable exercise, driven primarily by innovation and consumer demand.”. As financial institutions (FIs) work with FinTechs, they need to know that these tech-nimble startups are not only enabling access to customers’ account data but also in a manner that embraces KYC and AML.

Data 272

Data Innovation Fintech Illinois 272

PYMNTS

JULY 5, 2018

Reports are surfacing that, since the European Union’s General Data Protection Regulation took effect on May 25, customers exercising their rights under the law are contacting companies with questions about how their online data is being handled, and to request copies of that data.

Regulation 102

Regulation Data Exercises Online 102

FICO

JANUARY 9, 2019

In the first post of my multi-part series on how banks are solving common challenges in acquiring and retaining new customers, I looked at the challenges and opportunities financial institutions need to address in improving marketing performance. Fully enable digital account opening, but stop identity fraud. Market laggards try anyway.

Fraud 45

Fraud Strategy Analytics Exercises 45

Abrigo

OCTOBER 9, 2019

Charge offs were close to zero for most banks since 2013, according to call report data from S&P Market Intelligence. Institutions utilize current, forecast, and historical market data to put scenarios in context and, in some cases, combine scenarios to assess their impact. Fraud Prevention. Portfolio Risk & CECL.

Data 150

Data Exercises Software Tools 150

PYMNTS

NOVEMBER 7, 2019

Each country has put a unique twist on SCA, which means PSPs are now juggling fraud developments, individual regulatory concerns, protection needs and unsuspecting consumers and retailers in each European market. The next step could be increased interest in open banking capabilities.

Regulation 123

Regulation Survey California Retail 123

FICO

MARCH 6, 2020

At FICO, I am responsible for planning and implementing growth strategies to develop new markets, and the expansion of our compliance business globally. FICO brings AI and advanced analytics to risk management, fraud detection, collections and much more. Just a few weeks ago, a market study estimated the cost of compliance for U.S.

Compliance 81

Compliance Technology Fraud Analytics 81

CFPB Monitor

APRIL 11, 2022

The CFPB’s lawsuit names as defendants 1st Alliance Lending LLC and three individuals consisting of the company’s CEO, President of Production, and President of Capital Marketing.

Connecticut 78

Connecticut Company Regulation social media 78

PYMNTS

FEBRUARY 8, 2019

He used Twitter as example, pointing out that even for its founder, it was no doubt difficult in 2006 — when that social media messaging service launched — to anticipate the full global impact it would have on payments, commerce, marketing, politics and even culture. Red envelopes, in fact, stand as only one example of that trend.

Examples 194

Examples social media Exercises Course 194

PYMNTS

FEBRUARY 9, 2017

With more than $15 trillion in the stock market, improving the liquidity of investments is seen by many financial professionals as an essential step toward greater efficiency and reduced risk. E, and absent Reg E, they had no mechanism to deal with customer allegations of fraud or error. And they have something else in common.

Security 100

Security Risk Management Conference Industry 100

PYMNTS

FEBRUARY 5, 2018

After a rocky start, PayPal’s technology street cred became its risk/fraud engine, which helped it take on and manage the attendant buyer/seller risk that came along with PayPal’s new business model. And it will give sellers more choice over the payments options they can accept — and less expensively. Seems hard.

Online 112

Online Payments Fraud Cards 112

FICO

JANUARY 30, 2019

There’s a pervasive view that compliance for money laundering remains a cost-centre activity, and is primarily a “check-the-box” exercise to keep the auditors and regulators satisfied. These issues were all discussed at our recent FICO Asia Pacific Fraud Forum. However, that has evolved in recent times.

Compliance 45

Compliance Regulation Fraud System 45

PYMNTS

MAY 8, 2020

That is why, he noted, despite predictions that people would buy Pelotons for Christmas and then put them up on Craigslist in January, the experience is in fact enjoyable and compelling and keeps people coming back more than a standard exercise bike or treadmill might.

Lending 187

Lending Payments Exercises Report 187

Gonzobanker

OCTOBER 14, 2016

Linkner took the audience through an exercise where Sam came up with a (hopefully) good banking industry idea while role playing Neil Young for 5 minutes. And feisty startup marketing system provider Onovate now up to 40 clients in just a few years. Compliance vs. Marketing Smack down. That was immersive and refreshing.

Compliance 60

Compliance Conference Fintech Mobile 60