Abrigo

OCTOBER 16, 2023

Takeaway 2 Participation in BaaS models, staffing changes, poor training, and failure to reassess policies post-pandemic are risk factors for credit unions Takeaway 3 Compliance officers should always be thinking about how BSA, AML, and fraud concerns impact their credit union and , ultimately , their members.

Training 195

Training Compliance Fraud Policies 195

Perficient

FEBRUARY 28, 2024

Perficient’s insurance experts, who were interviewed for this report, echo this sentiment, emphasizing the need for insurers to embrace innovation to stay relevant. Those who heed the call to transform and innovate will carve out a prosperous future, while those who resist change may find themselves struggling to stay afloat.

Innovation 251

Innovation Regional Strategy Trends 251

Accenture

SEPTEMBER 3, 2020

These include: regulation and monetary policy, consumer protection, fraud and Anti-Money Laundering (AML), the national economic outlook, the financial sector’s outlook (for international agencies and global regulators), emerging technologies and innovation (for….

Policies 221

Policies Regulation Fraud National 221

PYMNTS

SEPTEMBER 29, 2020

The agency has been conducting its "Innovation Hours Program" since May, in which it invites businesses to present new products and services that are being adopted in the finance world. All of these questions go back to the policies and procedures in place to mitigate risk," he said, according to the remarks. 1 and Sept.

Fraud 257

Fraud cryptocurrency Conference Policies 257

PYMNTS

OCTOBER 21, 2020

Spend controls were the focus of innovation in the commercial card space this week thanks to feature and program launches. This week’s commercial card innovation tracker includes a rollout of the next generation of authorization controls from Comdata Inc., as well as the launch of the Flex by Finaxar initiative from Finaxar.

Cards 130

Cards Innovation Management Fraud 130

PYMNTS

FEBRUARY 4, 2019

Artificial intelligence has started — slowly — to make its presence felt in payments and commerce, including in fraud prevention, via early deployments of the technology and cutting-edge AI algorithms. Those growth rates are not the whole story when it comes to AI research and innovation, however. percent, agriculture (32.3

Innovation 194

Innovation Study Fraud Technology 194

PYMNTS

JULY 19, 2018

The Consumer Financial Protection Bureau (CFPB) has announced that Paul Watkins, a lawyer, will lead the agency’s newly created Office of Innovation. “I The Office of Innovation was recently created by Mulvaney to focus on a new priority for the agency: encouraging consumer-friendly innovation.

Innovation 100

Innovation Arizona Policies Leadership 100

PYMNTS

MARCH 18, 2019

Authenticating.com is working to combat identity fraud by combining different solutions to securely automate and outsource identity verification and fraud prevention as a service. billion in losses due to cybercrime, with various forms of identity fraud topping the list.

Fraud 108

Fraud Knowledge Base Regulation Data 108

PYMNTS

OCTOBER 8, 2020

The deals sometimes concerned big players, including “some of the largest and most innovative companies in the world (e.g. The deals sometimes concerned big players, including “some of the largest and most innovative companies in the world (e.g. Feedzai has seen the increase in fraud and scams with the pandemic.

Report 247

Report Fraud Risk Management America 247

PYMNTS

DECEMBER 14, 2020

The platform will also help central banks that want to collaborate with innovators on new technology. EMTECH's technology aims to give banks an "action-ready toolset for new and inclusive monetary policy, and the guardrails for efficient transfer of an estimated $90 trillion in cash payments," per the release.

Policies 234

Policies Innovation Lending Fraud 234

PYMNTS

JANUARY 27, 2020

Fraudsters’ attempts to access systems and steal valuable information are becoming more innovative, and research suggests they are also increasingly successful. The following Deep Dive delves into the steps companies can take to ensure their employees are knowledgeable about phishing and are at the front lines of anti-fraud efforts.

Fraud 249

Fraud Policies Security Resources 249

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

PYMNTS

NOVEMBER 10, 2017

For any organization with an attitude of, “It can’t happen to me,” here’s a wakeup call: Corporate fraud is common and on the rise. One of the easiest areas for internal fraud to occur is in employee expensing. But always, in every organization, there are a few who are commuting fraud.

Fraud 112

Fraud Compliance Policies Technology 112

PYMNTS

JULY 24, 2020

The financial industry is responding with innovation at the individual company level, but also collectively, with financial institutions (FIs) teaming up. A recent study from the American Bankers Association found that losses from fraud attempts against bank deposit accounts totaled $25.1 Are fraud-fighters winning?

Fraud 187

Fraud Analytics Guidelines Industry 187

Abrigo

MARCH 7, 2022

The world of FinCrime is more dynamic than ever, with fraud escalating thanks to an increase in mobile payments precipitated by the pandemic and security concerns rising over the Russian conflict in Ukraine. Regardless, financial institutions should continue to shore up policies and procedures around CRBs. 2022 Regulatory Focus.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

PYMNTS

MARCH 14, 2019

and challenging monetary policy, which contributed to an overall decline in corporate confidence. Strategic Treasurer and TD Bank found in their survey that the majority of respondents said manual processes are their biggest operational challenges today, more so than issues like fraud, regulatory changes or staffing.

Fraud 115

Fraud Survey Taxes Regulation 115

PYMNTS

JULY 17, 2017

Fraud isn’t perpetrated by a random assortment of individuals; it’s organized crime. It’s “fraud as a Service.” It’s a very unfair match, if you ask Skye Spear, VP of eCommerce fraud-fighting firm Signifyd. “I Classic fraud deflection is rules-based. Fraud is dynamic. The Many Faces of Fraud.

Fraud 109

Fraud Data Delaware New York City 109

Insights on Business

AUGUST 22, 2018

IBM RegTech Innovations. Regulatory change is growing in size and IBM’s innovative end-to-end GRC solution , powered by Watson, is enabling the financial services industry to meet this challenge. An innovative, end-to-end approach. IBM’s innovative technology , powered by Watson, offers that end-to-end approach.

Compliance 79

Compliance Innovation Technology Policies 79

PYMNTS

NOVEMBER 11, 2020

Kount , which works in fraud prevention and identity trust, has rolled out its new Event-Based Bot Detection solution, which will provide a more comprehensive level of security for eCommerce, according to a press release emailed to PYMNTS.

Fraud 147

Fraud Security Policies Innovation 147

Abrigo

DECEMBER 5, 2023

This includes training staff on BSA/AML policies and fostering a culture of compliance. Financial institutions need individuals who understand the legal requirements and can lead, innovate, and adapt in an ever-changing environment. You might also like this webinar , "Pros and cons of combining BSA and fraud departments."

Training 221

Training Compliance Regulation Software 221

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

Abrigo

NOVEMBER 2, 2021

financial system. One of AMLA's primary objectives is for financial institutions to spend time doing what is truly necessary for detecting criminal activity and not spin their wheels with policies and procedures on tasks that bring no benefit to law enforcement. Evaluate BSA/AML processes for innovative technology needed for streamlining.

Compliance 195

Compliance Regulation Resources Policies 195

CFPB Monitor

JULY 25, 2019

True to her word, NYDFS announced the creation of a new Research and Innovation Division led by Matthew Homer, who was most recently Head of Policy and Research at Quovo. Lacewell’s remarks and the establishment of the new Division come as no surprise.

Innovation 60

Innovation Fintech New York Policies 60

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. Paul Watkins, recently named by CFPB Acting Director Mulvaney to serve as Director of the Bureau’s Office of Innovation , was also a speaker at the summit. Office, participated in a panel on data, privacy, and fraud prevention policy.

Policies 60

Policies Lending Data Online 60

CFPB Monitor

SEPTEMBER 12, 2019

The CFPB has finalized its proposed revisions to its Policy to Encourage Trial Disclosure Programs” (TDP Policy) and policy on “no-action” letters (NAL Policy) and has also finalized its proposal to create a new “product sandbox” policy. The CAS Policy does not provide for exemptions. Product Sandbox.

Policies 60

Policies Compliance Regulation South Carolina 60

Perficient

JANUARY 27, 2022

Technological innovation has recently ushered in a wave of digital assets with money-like characteristics, including cryptocurrencies based on the combination of cryptographic and distributed ledger technologies, which together provide a foundation for decentralized, peer-to-peer payments. Stablecoins pegged to the U.S.

cryptocurrency 294

cryptocurrency Payments Policies Fraud 294

PYMNTS

JULY 17, 2020

With the pandemic spurring overnight digital transformation and innovation, the roles that fraud prevention, customer experience and AI play in commerce have grown faster than ever. Unsophisticated fraud prevention strategies couldn’t adapt as the pandemic changed both how people shopped and what they bought.

eBook 222

eBook Customer Experience Fraud Mobile 222

PYMNTS

SEPTEMBER 21, 2020

The firm provides small businesses ranging from personal trainers to general contractors with policies. The second tool is named “COVID-19 Best Fraud Prevention and Cybersecurity Practices.”. Alphabet-owned Capital G is reportedly in discussions to head up the $250 million funding round for the insurer.

Resources 223

Resources Capital Fintech Cards 223

PYMNTS

JANUARY 29, 2020

The government’s policy and its regulations should be well known before enforcement happens, the policy said. If an agency intends to enforce its laws in new and innovative ways, it must first notify industry stakeholders of its intent to do so and the way in which existing law applies,” it said. Tanvi Ratna, CEO of Policy 4.0,

Bitcoin 132

Bitcoin Regulation blockchain Delaware 132

PYMNTS

SEPTEMBER 15, 2020

In other news, European Central Bank (ECB) policy makers received a present of the globe’s first so-called “collectible digital coin” by email, Bloomberg reported. And, MicroStrategy Incorporated ’s Board of Directors has implemented a new “Treasury Reserve Policy,” according to a U.S.

Bitcoin 238

Bitcoin Texas blockchain Florida 238

Abrigo

MAY 5, 2022

Podcasts for Bank & Credit Union Execs & Staff Are Plentiful; Here Are 10 Good Ones These banking podcasts discuss current events, strategic and policy issues, competition, digitalization advice, and more. Weekly episodes highlight innovators and industry players driving innovation in the financial services industry.

Community 195

Community Lending Maine Resources 195

PYMNTS

FEBRUARY 26, 2020

The party always ends, however, and governments have caught up to all that wild innovation. Merchants that are interested in entering the Chinese market must consider two important concepts: open banking and fraud,” noted Dan Jiao, director of Asia-Pacific sales at Ekata. Now, they’re laying down the law.

Regulation 130

Regulation Case Study Fraud Study 130

Abrigo

FEBRUARY 8, 2022

Takeaway 1 NBFIs are agile and innovative and are competing head-to-head with traditional financial institutions. NBFIs are agile and innovative and are competing head-to-head with traditional financial institutions. Here are 10 basics to ensure a sound program. You might also like this downloadable Customer Due Diligence Checklist.

Compliance 195

Compliance Training Regulation Fraud 195

Abrigo

FEBRUARY 25, 2022

Takeaway 2 Enhance policies, procedures, and processes for areas that will gain regulatory scrutiny? . The year 2021 saw a continuation of pandemic policies and changes, a new administration in Washington , and regulatory reform from the Financial Crimes Enforcement Network ( FinCEN ). What to Watch. Learn more about BSA/AML trends.

Regulation 195

Regulation Policies Compliance Washington 195

CFPB Monitor

JULY 14, 2022

On July 8, with limited fanfare, the Department of Treasury issued a request for public comment regarding the March 9, 2022 Executive Order entitled “Ensuring Responsible Innovation in Digital Assets” (the “Order”). leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation.”

United States 78

United States Leadership Policies Regulation 78

Abrigo

JULY 16, 2021

Takeaway 1 FinCEN published its first list of priorities for AML/CFT policy, as required by the Anti-Money Laundering Act of 2020 (AMLA). Regulators will expect that each Priority has been incorporated into the institution’s policies and procedures. financial system. Would you like others articles like this in your inbox?

Community 195

Community Regulation Training Policies 195

Abrigo

DECEMBER 30, 2019

Are you proactively monitoring the Dark Web to better protect against fraud? Some specific internal control common findings center around policies and procedures. Fraud Prevention. Fraud Trends. Fraud Prevention. Fraud Prevention. Learn more. Have Proper Internal Controls. Holiday Sales on the Dark Web.

Training 195

Training Compliance Leadership Fraud 195