FICO

JANUARY 12, 2022

The changing global regulatory landscape and ever-shifting fraud vectors are just two of the biggest challenges facing financial institutions. I recently sat down with Sidhartha Dash, Research Director at Chartis Research, for a conversation about the technology and trends in enterprise fraud management.

Fraud 52

Fraud Technology Management Trends 52

FICO

MARCH 25, 2022

While it may seem like an esoteric topic, explainability in fraud management is important – and it’s especially relevant when it comes to using AI and machine learning in fraud detection and prevention. In other words, a fraud management system isn’t a black box. My Take on Explainability.

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Fraud Management System Course 52

FICO

JULY 1, 2022

Global Fraud Trends: What’s Happening and What’s Next? Here are the highlights from the fraud trends breakout session at FICO World 2022 with a panel of fraud professionals from Brazil, Turkey and North America. Ulisses Okamoto , Fraud Risk Management Superintendent at Itaú Unibanco (Brazil). by TJ Horan.

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Fraud Trends South Carolina Risk Management 52

PYMNTS

APRIL 10, 2019

The Association of Financial Professionals released new data this week that revealed the threat of payments fraud continues to climb, particularly for large enterprises, as scams like ACH fraud and the Business Email Compromise climb to record levels. Maturing Risk Strategies. But the latest analysis of U.S.

North Carolina 136

North Carolina Risk Management Leadership Survey 136

PYMNTS

DECEMBER 30, 2016

Mike Vigue, vice president, product strategy, cyberfraud and risk management at B2B payments firm Bottomline Technologies , warns that ongoing use of paper checks, fraudulent emails and general ignorance of cyberthreats will continue to place businesses — and their payment activities — at the center of thieves’ targets.

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Fraud Security Survey Technology 145

FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Synthetic Identities and Application Fraud. Innovative Customer Communications for Fraud. Tue, 07/02/2019 - 02:45. by TJ Horan.

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Fraud Analytics Trends Innovation 52

PYMNTS

DECEMBER 9, 2020

Taking this retroactive approach to credit risk management was never efficient, but it has become even less feasible amid the pandemic. Consumers are more susceptible than ever to falling short on their monthly bills, leaving banks searching for more proactive ways to mitigate the risk of defaults.

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How To Management Report Strategy 245

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.

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Fraud Regulation Compliance Analytics 102

FICO

MARCH 30, 2023

Both from a cash and a fraud perspective, my curiosity was piqued, and I fell down the rabbit hole to learn more. Fraudsters Love Digital Real-Time Payments All this rapid change is great for one thing — fraud. Globally, APP fraud and related scams continue to be a problem for banks and their customers. Where Did My Cash Go?

Fraud 52

Fraud ATM South Carolina Management 52

FICO

SEPTEMBER 20, 2022

Fighting Fraud with Responsible AI: My Talk with Dr. Scott Zoldi. FICO fraud expert TJ Horan talks fraud management and responsible AI with FICO's Chief Analytics Officer, Dr. Scott Zoldi. As for me, I’m a software guy and payments professional doing my best to roll with the changes in an ever-shifting fraud landscape.

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Fraud Analytics Strategy System 52

FICO

DECEMBER 4, 2018

I’m excited to announce that FICO has been named as a category leader in the Chartis Financial Crime Risk Management Systems for Enterprise Fraud report. The Chartis report Vendor Analysis: FICO (Financial Crime Risk Management Systems: Enterprise Fraud; Market Update 2018) provides further analysis of FICO’s rating.

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Fraud Risk Management Analytics Analysis 45

PYMNTS

MAY 10, 2019

Among the highest ideals for digital payments – driving innovation in transactions and customer experience – is, of course, the concept of seamlessness. In short, the new rule might require companies that deal with ACH payments to retool their fraud detection systems. How much effort will that require, then?

Payments 178

Payments Fraud Security Customer Experience 178

PYMNTS

NOVEMBER 19, 2020

This week’s round-up of the latest innovations in payment rails for B2B payments shows a key focus on real-time transactions and embrace of emerging, faster payment rails. Rapyd Combats Fraud Across Payment Rails. Plus, blockchain makes new inroads in the B2B arena. Canada Taps Vocalink for Real-Time Rail.

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blockchain Payments Fraud Management 260

FICO

JANUARY 8, 2020

Specifically: Cybersecurity risk awareness is on another expansion wave, as a best-practice component of third-party risk management (TPRM). At long last, fraud and compliance infrastructures are starting to converge. Fraud and Compliance Infrastructures Converge. by Doug Clare.

Compliance 52

Compliance Fraud New York City Analytics 52

PYMNTS

OCTOBER 31, 2016

With fraud expected to hit $7.2 billion by 2020, companies — particularly eCommerce retailers — are considering mobile and online innovations in payments and IoT security technology to help thwart cyberattacks. According to LexisNexis research, card-not-present fraud losses alone are forecasted to increase by $3.2

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Fraud Security Retail Mobile 100

PYMNTS

OCTOBER 16, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies. Mobile, online and phone channels all have distinct fraud challenges and customer needs. The Cost of Compliance.

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Compliance Fraud Study Digital Banking 123

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. Fraud & Identity: By far, the largest number of vendors and conversations were over fraud and identity.

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Conference Las Vegas Fraud Case Study 221

PYMNTS

DECEMBER 9, 2020

But Joe Bloemendaal , digital strategist with Mitek Systems , told PYMNTS in a recent interview that companies can prepare for regulatory changes in ways that build trust and even lead to new revenue streams. Fraud, of course, is on the rise, so that will push the drive toward innovation and establishing digital identities.

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Regulation Security Data Course 234

PYMNTS

SEPTEMBER 6, 2017

In a survey of treasurers across more than 200 companies in various parts of the globe, Deloitte found that the corporate treasurer continues to be positioned as a risk-management function of organizations: 97 percent said that the treasurers’ role in liquidity risk management is important.

Risk Management 108

Risk Management Survey Management System 108

PYMNTS

NOVEMBER 6, 2020

For instance, machine learning and other advanced technologies can boost fraud- and risk-management capabilities. We're starting to see a shift back to the merchant wanting to enable those journeys and [being] able to deliver the best value by knowing who the customer is,” Guerra said.

Payments 274

Payments Cards Fraud Retail 274

Insights on Business

AUGUST 6, 2019

Time and again, it has proven to be a catalyst for transformation that has fueled innovation. But modernizing payment systems does much more than just meeting customer demands. It drives banks to launch new services and products that allow innovative collaboration with partners in a complex ecosystem resulting in new revenue streams.

Payments 96

Payments Risk Management Innovation Analytics 96

Abrigo

SEPTEMBER 2, 2020

Capitalizing on PPP innovations for a better experience. These institutions used customer-facing innovations such as online loan applications , electronic signature capabilities, and remote document upload features to allow borrowers to complete PPP applications online at their convenience. Loan Origination System. SBA Lending.

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Lending Community San Antonio Survey 259

Abrigo

JANUARY 22, 2024

6 Steps t o mitigate fraud risk tied to new products Your AML and fraud teams' input is key when it comes to offering new bank products. You might also like this infographic, "Beyond immediate fraud losses: How the costs and impacts of fraud snowball." download NOW Takeaway 1 Fraud losses totaled $485.6

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Fraud Training Risk Management Software 221

PYMNTS

APRIL 30, 2019

Writ large, said Eleveld, the payments industry will likely see card-not-present fraud shift from Europe to more distant shores, where less strict authentication processes are in order. Geographically speaking, in a post-PSD2/SCA world, eCommerce fraud may shift, he said, to places like Latin America and the Asia Pacific region.

Fraud 171

Fraud Online Cards Payments 171

Abrigo

DECEMBER 30, 2019

This is a must-have risk management concept. Also, the failure to devote enough staff for proper BSA compliance may lead to systemic failures. BSA officers should be confident in their position and ready to share this advisory with leadership and the Board if the institution is at risk. Learn more.

Training 195

Training Compliance Leadership Fraud 195

PYMNTS

MARCH 22, 2018

That’s where there’s a ton of innovation being applied in machine learning and artificial intelligence to essentially make … more personalized and data-driven recommendations and experiences to consumers. Consider the fraudster who buys something but picks it up in-store, moving beyond the confines of card-not-present fraud.

Retail 100

Retail Data Fraud Risk Management 100

PYMNTS

DECEMBER 8, 2020

Then of course, there was the fraud problem to contend with. Trying to get $269 billion into the bank accounts of 160 million Americans in a short timeframe is a Herculean task for any payments system, but there are ways to address the gaps and the cracks. Edwards noted that many checks bounced, and fraud still is a problem.

Payments 183

Payments Fraud Taxes Tools 183

PYMNTS

JUNE 4, 2018

Among critical issues the AI Express program was designed to address are: anti-money laundering, fraud risk management, cybersecurity, credit risk prediction and operational efficiencies. According to the company, that gives it the ability to act within milliseconds to detect and manage fraud.

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Fraud Risk Management Security Resources 121

CFPB Monitor

JULY 27, 2020

recognizes that, as the financial markets become increasingly technological, there will likely be increasing need for banks and other service providers to leverage new technology and innovative ways to provide traditional services on behalf of customers. The letter states that the OCC.

National 113

National cryptocurrency Risk Management Regulation 113

Insights on Business

AUGUST 6, 2019

Time and again, it has proven to be a catalyst for transformation that has fueled innovation. But modernizing payment systems does much more than just meeting customer demands. It drives banks to launch new services and products that allow innovative collaboration with partners in a complex ecosystem resulting in new revenue streams.

Payments 70

Payments Risk Management Innovation Analytics 70

PYMNTS

JANUARY 20, 2020

In the past, however, the industry would think of fraud and risk management as separate processes and managing the data associated with payment details as well as credentials as a separate task. And many have left that system alone, as they didn’t want to touch it or break it. reconciliation).

Payments 145

Payments Risk Management Fintech Innovation 145

Abrigo

SEPTEMBER 2, 2020

Capitalizing on PPP innovations for a better experience. These institutions used customer-facing innovations such as online loan applications , electronic signature capabilities, and remote document upload features to allow borrowers to complete PPP applications online at their convenience. Loan Origination System. SBA Lending.

Lending 195

Lending Community San Antonio Survey 195

CFPB Monitor

APRIL 1, 2021

fraud detection and financial crime monitoring). Augmenting risk management and control practices. Detecting cyber threats and malicious activity, revealing attackers, identifying compromised systems, and supporting threat mitigation. Comments on the RFI must be received by June 1, 2021. Uses of AI.

Risk Management 78

Risk Management Training Lending FDIC 78

Gonzobanker

JULY 8, 2022

Today, banks have no choice but to look more like tech companies: tech companies are offering banking services, innovative financial institutions are deploying banking as a service (BaaS) offerings, and digital transformation is dominating the strategic priorities of most financial institutions. Innovation Leader. The New CIO Skillset.

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Resources Leadership Technology Management 146

FICO

SEPTEMBER 30, 2022

FICO has announced its panel of independent judges for the 2023 FICO® Decisions Awards , which honor businesses achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. Neeti Aggarwal, CFA senior research manager, The Asian Banker.

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Meeting Analytics Management Strategy 52

Insights on Business

OCTOBER 16, 2018

Maura K Schoonmaker, IBM Program Director, System z Banking and Financial Markets. For those interested in payments systems and infrastructure. Many FIs are re-evaluating if their current systems can survive global disruption and higher client service expectations. The future of payment fraud prevention. 1:00-1:45 PM.

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Fraud Customer Experience Analytics blockchain 117

PYMNTS

SEPTEMBER 15, 2017

I love good banks, and I love good bankers, but we are not the likely source of innovation in financial services,” Taylor noted. “It It is very hard to innovate when you have that many responsibilities and warranties to uphold. A Broken System. That means the system [is] not … relevant to a growing part of our country.

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Fintech System Lending Cards 198