Independent Banker

OCTOBER 1, 2022

Financial fraud and cyber attacks aren’t a one-age-fits-all scenario. Community banks can find ways to mitigate age-related fraud through technology, as well as by educating their customers of their particular risks. We look at community banks’ options for fighting this type of crime. By Katie Kuehner-Hebert. Rehman Khan, Travelers.

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PYMNTS

OCTOBER 29, 2018

The payment and commerce opportunities of such technology is obvious, and the wearables market is helping to guide the way toward the potential (likely?) 29) by Kaspersky Labs and the University of Oxford Functional Neurosurgery Group noted, the technology is quickly gaining ground. mainstreaming of chip implants.

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Abrigo

JANUARY 31, 2023

Takeaway 2 Banks should be proactive in understanding fraud trends and FinCEN priorities to prepare for future rulemaking. Increased fraud According to the Federal Trade Commission , consumers lost more than $5.8 billion to fraud in 2021, a 70% increase over the prior year. That represents nearly 2.8

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Accenture

OCTOBER 3, 2017

But much of it originated from the group of voracious digital competitors circling banks’ traditional territory. The drive towards open banking gives them a direct line into a potentially lucrative market. And, crucially, it’s a market where they’re well placed to deliver the flexible, personalized experiences consumers demand.

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CFPB Monitor

JULY 19, 2022

On July 13, 2022, the House Committee on Oversight and Reform, Subcommittee on National Security held a hearing entitled “Protecting Military Servicemembers and Veterans from Financial Scams and Fraud.” Malini Mithal testified that the FTC received over 200,000 reports of military fraud in 2021, totaling over $267 million in losses.

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PYMNTS

MAY 8, 2019

The blockchain group is reportedly working on a stablecoin , which is a digital currency tied to either one or a group of traditional currencies, something that would make it less susceptible to swings in prices. Tomer Barel, who spent almost 10 years watching risk and fraud for PayPal, was also hired.

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PYMNTS

JANUARY 17, 2020

The subscription eCommerce market is a favorite among consumers and businesses, growing more than 100 percent annually for the past five years. Subscription’s promises of recurring revenue streams for companies and convenience for customers offer powerful benefits, but an unwelcome group is also subscribing to such services: fraudsters.

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FICO

FEBRUARY 27, 2023

Nikhil Behl Vice President of Worldwide Marketing for FICO. You can read more about our judges in this blog post. Nikhil has over 15 years of e-commerce and technology experience and has worked at large established tech companies such as Hewlett Packard as well as numerous Silicon Valley startups.

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PYMNTS

DECEMBER 24, 2020

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. At a high level, that means helping crypto companies and FinTechs come to market with crypto payments across the Visa rails. Keeping An Eye On Fraud. It all depends on how you look at it — and where you look, of course.

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PYMNTS

SEPTEMBER 13, 2017

Reuters reported that the Beijing First Intermediate People’s Court sentenced Ding Ning – chairman of Anhui Yucheng Holdings Group, which rolled out Ezubao in 2014 – to life in prison. million for a bevy of crimes, including engaging in fraud fundraising, illegally possessing a gun and smuggling precious metals.

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PYMNTS

JUNE 19, 2020

Amazon and Italian luxury brand Maison Valentino filed a lawsuit against a retailer Thursday (June 18), alleging the company sold counterfeit goods as the trade in the so-called “gray market” continues to draw attention. The counterfeits [are] kind of flooding the markets,” he told Federal News Network. “It

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PYMNTS

JULY 23, 2019

The social media giant is now compelled to address a growing number of fabricated exchanges associated with its digital asset, The Washington Post reported on Tuesday (July 23). A growing list of websites, as well as Facebook pages and groups, claim to sell Libra tokens on Facebook and Instagram.

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PYMNTS

SEPTEMBER 16, 2019

The requests come on top of a busy week in antitrust investigations where, as has been widely reported, a group of 50 attorneys general stood on steps of the United States Supreme Court on Monday and announced an investigation into Google’s advertising practices. Google’s own regulatory and tax issues extend well beyond domestic markets.

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Gonzobanker

AUGUST 17, 2022

Thankfully, there was still a smartphone and social media to commiserate. Digital banking provider Alkami acquired data analysis and marketing campaign management provider Segmint Digital banking and payments provider Bottomline was acquired by Thoma Bravo for $2.6B. Keep an eye on the initial banks working on these projects.

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PYMNTS

JUNE 5, 2019

Think of the Apple iPhone, and thoughts are likely to turn to matters involving social media, selfies, family photos, mobile commerce and even payments. The six people authorities say ran the ring would then sell the stolen phones on the black market, getting away with the scam for years.”. Targeting Dead People.

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FICO

JUNE 9, 2016

Millennials, now the largest demographic group in America, are possibly the most misunderstood, elusive market ever, a notion underscored by The Wall Street Journal ’s article about the existence of $20,000-per-hour “Millennial consultants.” Millennials reward positive fraud outcomes. In Millennial parlance, that’s “harsh.”.

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PYMNTS

JANUARY 30, 2020

Another hair in the soup is Generation Z’s increasing preference toward social media marketplaces that eschew established eCommerce platforms entirely, forcing these businesses to change tactics. Ridesharing giant Uber is also exploring new ways to expand its market footprint. About the Playbook.

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PYMNTS

JULY 10, 2019

With the digital identity market expected to reach $15 billion by 2024, major ID providers such as Google and Apple are racing to improve the identity verification experience. Facebook made waves last month when it announced Libra, a cryptocurrency set to launch next year.

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PYMNTS

NOVEMBER 27, 2019

The social media company made multiple bids for Fitbit in October, with a final offer of $7.30 The firm is said to have its eye on new companies in emerging markets that focus on online financing and payments. consumers who bought concert tickets last year, approximately 11 million fell victim to some type of fraud.

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FICO

FEBRUARY 1, 2017

Funnily enough, this scene parallels the problems discussed at a FICO roundtable on ‘How to Fight Auto Loan Fraud’ held this week at the AFSA Vehicle Finance Conference & Expo. The misuse of SSNs from children and the elderly was also seen as a growing loophole for fraud and abuse.

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PYMNTS

MARCH 20, 2020

The drop in the stock market has led some banks to run out of big bills as clients reportedly arrived take as much money out of their accounts as they could. It takes effort to balance seamless-but-fraud-free user experiences. NYC Bank Runs Short Of Big Bills As Customers Hoard Cash.

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FICO

FEBRUARY 1, 2017

Funnily enough, this scene parallels the problems discussed at a FICO roundtable on ‘How to Fight Auto Loan Fraud’ held this week at the AFSA Vehicle Finance Conference & Expo. The misuse of SSNs from children and the elderly was also seen as a growing loophole for fraud and abuse.

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Vitalik Buterin

APRIL 20, 2018

Recently I had the fortune to have received an advance copy of Eric Posner and Glen Weyl’s new book, Radical Markets , which could be best described as an interesting new way of looking at the subject that is sometimes called “ political economy ” - tackling the big questions of how markets and politics and society intersect.

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PYMNTS

FEBRUARY 6, 2020

Netflix also said it would not add advertising to its platform to boost revenue, despite seeing continued weakness in the United States market. New York officials, however, recently delivered good news to victims of a magazine scam that Orbital Publishing Group oversaw. Deep Dive: How Subscription Success Helps Drive Sharing Economy.

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Lex Sokolin

MARCH 31, 2021

The second company, Feedzai, does fraud checks at the account opening and payment transaction layer, as well as helps with AML using machine learning. The company doesn’t position itself around solving “fraud” or other scary words used in the traditional regtech industry. Other forms of social capital are just as valuable?—?from

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Insights on Business

JANUARY 31, 2019

As I was sipping my cappuccino, I observed a group of teens storm in the store, pull up the seats to form a huddled semicircle, and turn on volume of their music to drown out the in-store local music. With immediate payments and new business models going mainstream, the payment fraud defenses will be stretched.

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FICO

SEPTEMBER 30, 2022

Douglas Blakey is group editor banking and payments at GlobalData and has edited Retail Banker International and Electronic Payments International since 2010. He is chief of judges for the annual Retail Banker International Awards and lead market advisor for GlobalData's retail banking research division. Nikhil Behl.

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FICO

OCTOBER 21, 2020

I recently spoke with Rich Zellner, president of Automotive Resource Group, Inc. They are reaching out via social media to expand the store’s footprint. RZ: At many dealerships, sales people are transitioning off the floor and into rapidly growing digital marketing departments.

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NCR

FEBRUARY 12, 2018

Indeed, a recent survey by Accenture found that in the UK, the likes of online retailers, tech firms and social media companies have a lot of work to do if they are to convince customers to share their details. However, banks have also been warned not to get complacent about the potential threat posed by alternative providers.

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PYMNTS

MARCH 11, 2016

Of course, that data has, at times, been used for targeted marketing campaigns. Nothing further would extend to social media sites that are already around, such as Facebook or Twitter. Thus far, the opt-in policy has garnered some praise among advocacy groups.

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Insights on Business

FEBRUARY 13, 2019

Cyber fraud – including executive digital impersonation. –> Explore IBM Banking and Financial Markets Solutions. Also follow the social media platforms to stay informed with the latest updates : . IBM Think LinkedIn Group. Phishing attacks. Insider risk. Supply chain risk. IBMFintech Twitter.

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FICO

OCTOBER 21, 2020

I recently spoke with Rich Zellner, president of Automotive Resource Group, Inc. They are reaching out via social media to expand the store’s footprint. RZ: At many dealerships, sales people are transitioning off the floor and into rapidly growing digital marketing departments.

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Gonzobanker

DECEMBER 14, 2023

and Summit Financial Group, Inc. Merger of Equals Deal of the Year (Credit Union) – Spire Credit Union and Hiway Credit Union put 2+2 together to make a $4 billion institution in the Minnesota market. The “Giant Sucking Sound” Award – goes to the swell of funds leaving banking and ballooning money market mutual funds.

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NCR

MAY 22, 2017

Fighting fraud. For the banking sector, one of the most appealing promises big data holds is its ability to transform their fraud detection and prevention activities. More accurate fraud detection is only the tip of the iceberg, however, when it comes to improving the banking customer experience. Putting customers first.

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South State Correspondent

OCTOBER 20, 2022

We don’t care if it is an ATM, a new branch design, a fraud database, a deposit account opening product, or a core system, time matters. Financial institutions are also now making greater use of personalized websites and marketing, offering “suggested next steps” to customers AND employees during particular transactions.

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Cisco

APRIL 2, 2018

The leaders of financial institutions are seeing that their customers want to manage their money in the same way they now shop, communicate and learn; using digital tools, social media and mobile apps. improvement in market share. increase in revenue, an 11.3% rise in productivity, and a 6.3%

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PYMNTS

JUNE 5, 2017

It has done its best to circulate the information on its website and through social media channels. Chipotle will be liable for any fraud that results. Our work also found that such a system could meet some, but not all, of the core international principles for financial market infrastructure.”.

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