PYMNTS

JUNE 4, 2020

Financial institutions (FIs) are working during the pandemic to provide speedy digital services while fighting off the rise in fraud attempts. FIs have long provided digital services, but many have designed these experiences for the customer demographics that most prefer online and mobile channels. Around The AML/KYC Landscape.

Report 158

Report Fraud Security Fintech 158

PYMNTS

NOVEMBER 10, 2020

Gaming FinTech Mazooma has formed a partnership with FinTech data network Plaid to bring an instant transfer solution to the iGaming and sports betting industry, according to a Tuesday (Nov. bank connections are an ideal complement to Mazooma's ACH processing platform, risk management features and compliance protocols," he added.

Payments 137

Payments Georgia Atlanta Risk Management 137

ABA Community Banking

MARCH 20, 2019

49 percent of the global companies interviewed had been victims of fraud or economic crime Compliance Risk Management Tech Management Security Feature3 Fintech Technology Online Compliance Management Compliance/Regulatory Cyberfraud/ID Theft AML & Fraud Feature BSA/AML.

Meeting 72

Meeting Regulation Risk Management Compliance 72

PYMNTS

SEPTEMBER 15, 2017

The favored narrative about banks and FinTech startups is generally not a love story. Whereas FinTechs are undoubtedly newer and faster – risen from the digital age to put banks out of business – they aren’t always able to take deposits or keep some of those associated warranties. Usually, it is more of an all-out war story.

Fintech 198

Fintech System Lending Cards 198

PYMNTS

APRIL 5, 2016

To help combat these risks, he emphasized that banking organizations must continue to keep pace with the evolution of these risks and evolve as “new innovations and expectations of convenience introduce new challenges to security.”.

Boston 100

Boston Fintech Innovation Conference 100

PYMNTS

OCTOBER 16, 2019

The latest Digital Banking Tracker brings research and expert commentary from the FinTech and consumer banking space with a focus on anti-money laundering (AML) and solutions. Scandal and fraud tarnishing banks’ reputations aside, the impact that AML compliance controls have had on these banks’ bottom lines can’t be underestimated.

Compliance 123

Compliance Fraud Study Digital Banking 123

FICO

NOVEMBER 21, 2022

Financial Crime – Enterprise Fraud. Innovation – AI and Decision Management Platform (*New category win for FICO). FICO is honored to be recognized for excellence in risk management and compliance and would like to congratulate all the winners for their best-in-class contributions across the risk management space.

Report 52

Report Risk Management Compliance Analytics 52

PYMNTS

MAY 30, 2018

Jing’s only stipulation around these partnerships was that they must meet a level of innovation sufficient to deliver value to end users — providing secure, convenient and efficient financial services for business customers, and driving improvements for consumers in online and offline payment service environments. FinTech Kabbage.

Risk Management 100

Risk Management Fintech User Experience Management 100

PYMNTS

JUNE 8, 2020

Growth] in API usage has resulted in B2B transactions’ unparalleled acceleration, but banks must still contend with fraud threats,’ the Tracker states. These systems will likely not stop fraud entirely but may be enough to keep bad actors from impeding API adoption around the world,” the June Tracker states.

Security 130

Security Policies Fraud System 130

PYMNTS

DECEMBER 8, 2020

Then of course, there was the fraud problem to contend with. It’s important to solve for risk management and the rails (and the fact, too, that multiple agencies have been involved, such as the Bureau of Fiscal Services). Edwards noted that many checks bounced, and fraud still is a problem.

Payments 183

Payments Fraud Taxes Tools 183

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. Gardineer raised concerns about the application of bespoke capital, liquidity, and risk management requirements for SPNB charter applicants. Office, participated in a panel on data, privacy, and fraud prevention policy.

Policies 60

Policies Lending Data Online 60

Gonzobanker

JULY 8, 2022

CIOs are expected to be able to leverage and deploy myriad state-of-the art digital solutions, including digital banking, cash management, online deposit and loan account opening, next-gen payments experiences, and remote employee access to critical systems. The New CIO Skillset.

Resources 138

Resources Leadership Technology Management 138

PYMNTS

OCTOBER 10, 2016

That’s due to the capabilities of risk management, fraud detection and prevention and compliance within data analytics solutions. But check volume jumps when businesses offer both online and physical store fronts, which receive up to nine checks daily.

Big Data 100

Big Data Analytics Data Survey 100

Independent Banker

NOVEMBER 25, 2015

A mix of players, FinTech firms pose threats and opportunities. Call them disruptors, upstarts or the voguish FinTech companies. See “Closing the Gap” in the November 2015 issue, online at www.independentbanker.org.). FinTech customers have no idea they are exposing themselves to identity and financial risk.

Community Bank 70

Community Bank Community Analytics Lending 70

Fintech Labs Insights

MARCH 1, 2016

Although we saw one high-flying fintech unicorn crash to earth this week , the fintech sector continued to attract significant capital with 21 companies raising $214.8 Seven weeks into the new year, fintech companies have raised $4.7 Here are the fintech deals by size from 20 Feb to 26 Feb 2016: LoanZen. million debt).

New York City 12

New York City Company Fintech San Francisco 12

Independent Banker

DECEMBER 31, 2021

Some of the lines that community banks plan to add include fraud and ID theft protection services, treasury management solutions, wealth management, property and casualty insurance, credit cards and specialized loan products. will continue to work with fintechs, says president and CEO Steve Dehnert.

Community Bank 144

Community Bank Community Lending Louisiana 144

PYMNTS

JULY 1, 2020

In a PYMNTS interview , NICE Actimize Head of Fraud Strategy Rob Tharle shed light on a nasty downside to the proliferation of open banking around the globe. Moving to open banking with APIs [application programming interfaces] has impacts on fraud systems. Amex Joins Revolut’s Open Banking Platform. In the U.K., Back in the U.S.,

Fintech 141

Fintech Strategy Fraud User Experience 141

FICO

OCTOBER 7, 2022

Buy Now, Pay Later: BNPL Fraud and Regulatory Update. Buy now, pay later or BNPL financing is experiencing tremendous growth, but that growth can bring potential growing pains like fraud and regulatory scrutiny. As payments professionals well know, change creates opportunities for fraud. Meanwhile … BNPL Fraud Is on the Rise.

Fraud 52

Fraud South Carolina San Francisco Regulation 52

Gonzobanker

NOVEMBER 17, 2016

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. For now, this appears to be only another option for customer payment fulfillment. Keep your eyes on this innovator.

Payments 60

Payments Las Vegas Risk Management Cyber Security 60

Fintech Labs Insights

SEPTEMBER 21, 2015

The money flow into fintech continued unabated this week with more than a half-billion ($557 million) raised by 24 companies. Year-to-date fintech firms have raised $13 billion. The total included one new alum, Praesidio , which will be presenting its security and fraud control integrations at next month’s FinDEVr.

New York City 12

New York City San Francisco Company Fintech 12

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.” Compared to “insurtech” – regtech firms have been prominent players in the fintech firmament for years.

blockchain 12

blockchain Trends Fintech social media 12

PYMNTS

JULY 24, 2017

It also reduces operating costs and the potential for check fraud. The executive explained that Fiserv’s new disbursements product is an amalgamation of skills in digital money movement, risk management, the firm’s commitment to innovation and the almost 200 patents it holds. Second, social tokens aren’t always the solution.

Payments 101

Payments Mobile Marketing Examples 101

PYMNTS

JUNE 9, 2017

In an interview with PYMNTs after a webinar by the pair titled, “Financial Services Innovation — The Risk of New vs. Nothing,” John Epperson, principal at Crowe Horwath LLP, and Jason Henrichs, managing director at FinTech Forge , discussed the challenges and rewards of embracing change, even as firms are mindful of what works.

Innovation 109

Innovation Compliance Technology Data 109

Fintech Labs Insights

SEPTEMBER 25, 2015

Funding to the fintech sector maintained pace this week with another quarter-billion ($234.3 Risk management. Online investment advisory. Online invoice marketplace. The post Fintech Fundings: 17 Companies Raise $235 Million Week Ending Sep 25 appeared first on Finovate. Source: Crunchbase. million Series B.

San Francisco 12

San Francisco Company Fintech San Jose 12

NCR

DECEMBER 7, 2016

Royal Bank of Scotland will start using it for online communication from December 2016. ” Fighting fraud with machine learning. Machine learning has many potential applications in the financial services industry – in areas such as risk management, evaluating creditworthiness and product targeting, for example.

Innovation 40

Innovation Cyber Security Fraud Industry 40

Fintech Labs Insights

DECEMBER 21, 2015

.” Calling this year’s Demo Days “the biggest and most competitive Citi Mobile Challenge yet,” Citi FinTech CEO Heather Cox added, “we issued an open call to developers to submit bold, transformative banking solutions, and their response was overwhelming.” Bill Clerico is CEO and co-founder.

Mobile 12

Mobile Risk Management Regional User Experience 12

PYMNTS

JANUARY 20, 2020

Visa’s culture that risk management is everyone’s responsibility, Fabara said, is a competitive advantage and a strategic weapon in the payment ecosystem’s fight against an ever-more sophisticated fraudster. It has motivated a different approach for fighting fraud in the 2020s and beyond.

Security 168

Security Fraud Risk Management Payments 168

Fintech Labs Insights

JUNE 18, 2015

Founded in 2009, WePay offers online marketplaces, crowdfunding platforms, and small businesses two main products: 1) A white-labeled payments processing platform, Clear. We recently caught up with John Canfield, VP of Risk for WePay, to chat about how he combats fraud. It also provides regulatory and fraud risk protection.

Security 12

Security Payments San Jose Fraud 12

Fintech Labs Insights

DECEMBER 20, 2016

“(NuDetect) continuously verifies a user’s online identity based upon analyzing the user’s natural interactions,” Robert Capps, VP of Business Development of NuData, explained from the FinDEVr stage.

Security 12

Security Fraud Risk Management Technology 12

FICO

FEBRUARY 12, 2023

An incorrect customer address poses 
little actual risk of fraud, but verifying it or making customers retype their address adds unnecessary friction to the process. Product teams, business models and customer development strategy were all challenged in the last year as adaptation became the name of the game.

Digital Banking 52

Digital Banking eBook Analytics Customer Experience 52

PYMNTS

MAY 5, 2017

Formerly known as Creditera, Nav, which offers small businesses an online platform through which they can find financing, announced a $13 million addition to its previously announced $25 million Series B funding round, bringing the total raised for this round up to $38 million.

Fintech 137

Fintech Big Data Capital Data 137

PYMNTS

MARCH 4, 2020

In a statement, a spokesperson for Amex said the company has “rigorous, multilayered monitoring and independent risk management processes in place, which we continuously review and enhance to ensure that all sales activities conform with our values, internal policies and regulatory requirements.”

Cards 141

Cards Google Management Fintech 141

PYMNTS

AUGUST 1, 2017

The Consumer Financial Protection Bureau warned companies Monday (July 31) about tricking consumers into expensive pay-by-phone fees.

Payments 102

Payments Cards Examples Company 102

Fintech Labs Insights

NOVEMBER 18, 2014

It all could have been done in a few minutes online or via mobile had that option been available. Myth 2 >> Desktop online banking is still needed for "serious" work Truth : Banking by the desktop has peaked too. And that doesn''t include the travel time for two trips to the branch (we forget to bring a SECOND picture ID).

Lending 30

Lending Mobile Online Digital Banking 30

FICO

MARCH 6, 2020

A partnership aimed at helping banks, payment providers and fintechs meet the ever stronger regulatory demands while reducing effort and expense. . FICO brings AI and advanced analytics to risk management, fraud detection, collections and much more. Fraud and money-laundering are closely connected. What do you do?

Compliance 81

Compliance Technology Fraud Analytics 81

Gonzobanker

DECEMBER 20, 2019

There is an understanding that technology and fintech are going to cause radical change, but the how, how big and when are still very unclear. If you think of teams that take early system adoption risk, manage it well and get an edge on the competition as a result, you probably don’t think first of a $1 billion credit union in Kalamazoo.

Idaho 148

Idaho Conference Data Marketing 148

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. That’s enough to send normal people into the fetal position.

Fintech 194

Fintech Community Regional Technology 194