The Paypers

JANUARY 7, 2022

US-based LexisNexis has released its True Cost of Fraud Study: Financial Services & Lending 2021 report.

Fraud 45

Fraud Report Study Lending 45

PYMNTS

JULY 27, 2018

watchdog in charge of investor oversight proposed tough new regulations regarding peer-to-peer (P2P) lending platforms, in a bid to help consumers wade through the new landscape, according to a report by Reuters. The proposed rule changes come in the wake of a 2016 study of regulations that govern the sector, which dates back to 2014.

Lending 102

Lending Regulation Fintech Study 102

PYMNTS

OCTOBER 4, 2019

Chase On Using Machine Learning To Crack Fraud’s Goldilocks Conundrum. The global threat of fraud shows no signs of slowing down. Losses related to fraud are valued at $14.7 billion, according to the most recent DataVisor Fraud Index Report. Mastercard: Fraud-Fighting’s New Mantra — Test, Protect, Prevent.

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FICO

DECEMBER 1, 2020

I’m delighted to announce that FICO has been named as the Category Leader for Financial Crime - Enterprise Fraud in the recently published 2021 Chartis RiskTech 100. It discusses the need to deploy effective enterprise-wide solutions for fraud and financial crime management that can adapt to changing customer behaviour.

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Fraud Risk Management Analytics Management 59

FICO

SEPTEMBER 6, 2017

In this podcast for Lend Academy, FICO Blog author Dr. Scott Zoldi talks about his role as FICO's Chief Analytics Officer, the company's AI innovations and how they are being applied in credit risk, fraud management and more. Scott discusses: Why his background in theoretical physics was perfect for studying fraud and credit risk.

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Lending Fraud Data Analytics 95

Abrigo

DECEMBER 2, 2021

Using information from the core deposit study, bank or credit union management better understands depositor behavior and has critical information to develop pricing strategies and manage funding costs. In a competitive lending environment, many banks and credit unions are concerned about losing good-quality loans if they over-price them.

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PYMNTS

OCTOBER 7, 2019

Fraud never sleeps, and the corporate finance department cannot afford to stay behind on the ever-changing strategies of fraudsters. Mixing Internal and Internal Fraud. However, the case is also a unique instance of fraud stemming from both within an organization and from a third party. percent for small banks.

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CFPB Monitor

MARCH 28, 2022

As we approach the two-year anniversary of the passage of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), the scope and costs of fraud in connection with its relief programs continues to mount. To date, prosecutions for PPP fraud have targeted borrowers and often involve the most brazen fraudsters.

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Fraud Compliance Lending Policies 146

PYMNTS

NOVEMBER 23, 2020

AI is not only being adopted to improve workflows and grow revenues, but has also been enlisted in the fight against fraud.”. The surge of digital orders carried a toxic tide of fraud, and many companies turned to supervised machine learning to deal with it. This establishes identity trust or risk in real time.

Mobile 289

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PYMNTS

APRIL 25, 2016

Plus, the latest analysis on alternative lending demand, expense management fraud and the gap between what CFOs have for their companies and what they need. alternative lending sector signals a massive increase in demand among SMEs , according to Amicus Finance. billion valuation for the U.K.

Fraud 100

Fraud Cards Lending Analysis 100

PYMNTS

NOVEMBER 24, 2020

A Kaspersky survey indicated that 47% of banking customers in the META region (Middle East, Turkey and Africa) were victims of some type of bank fraud in the first six months of this year. It offers a single app in eight African markets for digital services, including bill payments, remittances, lending and more.

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Digital Banking Security User Experience Fraud 145

NCR

JULY 28, 2017

This convenience offers many advantages to the consumer, but financial institutions and consumers need to recognize one of the biggest disadvantages of this technological expansion: the increased risk of digital banking fraud. million instances of fraud and two million computer misuse offenses in England and Wales alone. .

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Fraud Digital Banking Survey Security 74

Perficient

JANUARY 16, 2023

Buy/build and gap analysis studies are integral in helping determine where embedded finance may reap the most benefits. . This can include offering lending services or creating embedded bank accounts for other businesses or consumers. The first one is investing in an additional offering within your brand’s digital platform.

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blockchain Software Customer Experience Strategy 275

PYMNTS

FEBRUARY 27, 2020

As William Carter, deputy director and fellow for the technology policy program at the Center for Strategic and International Studies, recently told PYMNTS , “China is viewed externally as a country where privacy is not expected and not thought about, but I do not think that accurately reflects how it is viewed within China.”

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Fintech Fraud Data Lending 192

PYMNTS

APRIL 25, 2016

Visa is determined to make EMV faster, Starbucks wants to make getting that cuppa joe faster, too, and is crushing it with mobile order ahead and the CFPB might be moving closer to having a fast exodus of the payday lending business once its rules drop. Overall, year over year, online fraud attacks have spiked 215 percent.

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Lending Mobile Cards Fraud 100

PYMNTS

JANUARY 23, 2020

Study: Tech Unicorns Overvalued By Nearly 50 Percent. Worldpay On Modernizing Security Defenses To Foil eCommerce Fraud. Amid FICO Changes, Does Lending Slowdown Loom? In 2020, while new IPO listings will be pursued and investors will clamor for shares in previously private companies, the age of the unicorn may be far from over.

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Fraud Community Bank Analytics Study 131

PYMNTS

JULY 31, 2019

A study conducted last year found that 71 percent of U.S. percent noted anti-fraud initiatives. . Numerous FIs have implemented AI solutions to ensure that transactions remain fraud-free over the last few years, but the technology can also improve member engagement through chatbots and virtual assistants. .

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Fraud Security Lending Data 122

PYMNTS

JULY 6, 2020

Wirecard continues to dominate the headlines in the realm of corporate fraud thanks to $2 billion missing from the company’s books, but it’s not the only company at the center of questionable activity. 34 percent of furloughed employees were asked to commit furlough fraud , according to a survey from U.K.-based

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Fraud Missouri California Report 148

Abrigo

SEPTEMBER 9, 2019

The same is true of financial institutions when they consider technology investments to transform their lending and credit operations. It involves mapping out the current lending or credit process from start to finish. Fraud Prevention. Lending and Credit Automation: Before and After. Credit Risk. Learn More.

Technology 150

Technology Lending Software Customer Experience 150

Independent Banker

DECEMBER 31, 2022

A recent Salesforce study indicates that 88% of customers say the experience a company provides is as important as its product or services. According to a Lending Tree survey, 43% of Americans have used BNPL, up from 31% year-over-year. Address fraud and security. Fraud is running rampant. Interconnected developments.

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Trends Payments Community Bank Texas 140

PYMNTS

APRIL 13, 2020

DataVisor has seen the fraud emails trickle in already — and some of them are very clever. Fraudsters have studied up on the process, Xie noted; they know when SMBs are expecting contact about their loans and even the times of day they are expecting to receive them. Always be ready to battle the unknown,” Xie said.

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Security Fraud System Course 168

Abrigo

JULY 22, 2022

But lawmakers and regulators are concerned about the lack of stability and consumer protections that the traditional financial services industry provides. The growth prompted President Biden to sign an executive order directing relevant government agencies to study its risks and benefits. Fraud Prevention. Fraud Prevention.

cryptocurrency 195

cryptocurrency FDIC Regulation Fraud 195

Abrigo

MARCH 21, 2023

The blue line shows the effective funds rate, or the average rate at which institutions are actually lending and borrowing funds from one another. Failing to have a thorough deposit study performed that provides those assumptions could be leaving dollars on the table for the institution and its stakeholders. billion – a 39.7%

Risk Management 195

Risk Management Management Strategy Lending 195

Gonzobanker

JUNE 14, 2023

Cross River Bank recently found itself in hot water with the FDIC when the agency declared that the bank engaged in unsafe or unsound banking practices in relation to its compliance with fair lending laws and regulations, specifically the Equal Credit Opportunity Act and the Truth-in-Lending Act. If only it were so easy.

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Compliance FDIC Strategy Fintech 109

PYMNTS

MAY 16, 2016

The alternative lending market is showing signs of defeat against traditional bank loans, and SMEs are strengthening their demands for more than the typical solutions currently offered by traditional FIs. In B2B payments, that means changes in how businesses access, protect and ultimately make their money. 65% of U.K. 65% of U.K.

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Fintech Lending Fraud Cards 108

PYMNTS

DECEMBER 19, 2019

The Truth in Lending Act , signed into law in 1968, grants U.S. Restaurant chargebacks largely fall into one of two categories: legitimate requests and friendly fraud. Customers falsely claim that their orders were incorrect or the result of fraud and file chargeback requests to receive money. Why Do Chargebacks Occur?

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Fraud Cards Mobile Tools 134

CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. Some companies just push their luck a little too far. Total Funding: $1.1B.

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Fraud Las Vegas Company Video 78

PYMNTS

NOVEMBER 13, 2018

We encourage our nation’s payments leaders to lend their voices to the future of faster payments by joining the FPC and sharing their insights and expertise to further this important work.”. The good news: The study also showed that the most innovative businesses are set to adopt real-time payments.

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Payments Survey Innovation Guidelines 192

Celent Banking

APRIL 7, 2017

Lending Product. Fraud Management and Cybersecurity. Each of the award winning initiatives is published as a case study and available to Celent research clients by following the links above. In the meantime, enjoy the case studies and let's celebrate the Model Bank winners of 2017! Credit Suisse AG, Switzerland.

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Case Study Boston Risk Management Study 189

South State Correspondent

AUGUST 22, 2022

Commodore’s demise is a case study of how NOT to care about your customers and why business intelligence through proper data architecture is critical. ” Once the data is cleaned and homogenized, it can be used throughout the organization, such as a CRM system, core system, in marketing, payments, lending, or any other product.

Data 195

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PYMNTS

MAY 2, 2016

Then, there is the risk of corporate lending. 240 million is lost to invoice fraud a year by businesses in the U.K., The good news, said Tungsten, is that FinServ businesses are more attuned to this threat than other sectors, with more companies in this industry than others reporting invoice fraud as a top threat.

Lending 100

Lending Security Fraud Regional 100

Cisco

JANUARY 26, 2022

A recent Cornerstone Advisors study conducted in Q2 2021 concluded that today’s consumers – including younger age groups – desire both human interactions and improved digital experiences in their financial lives. The extreme circumstances of the COVID-19 pandemic do not appear to have changed the desire for financial relationships.

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Meeting Customer Experience Study Tools 100

Abrigo

JUNE 15, 2023

Credit: Brian Koppel, Reel to Real Filming Locations blog According to a Global Financial Integrity (GFI) study , an estimated $2.3 In the Netflix series, Ozark, Ruth Langmore purchased a hotel to launder drug money. billion was laundered between 2015 and 2020 through the U.S. real estate market alone.

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PYMNTS

MARCH 2, 2018

The rise of alternative lending and familiarity of growing names like OnDeck is beginning to shift public perception of the merchant cash advance, however. “The lending world has evolved,” Mallinger explained, adding that today, MCAs don’t necessarily mean sky-high interest rates and fees. .

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Capital Lending Louisiana Data 119

FICO

NOVEMBER 21, 2022

Financial Crime – Enterprise Fraud. In support of FICO’s win, Sid Dash, research director at Chartis Research studying risk and compliance technology companies stated, "FICO secured the top spot in the innovation category for the sixth consecutive year. Artificial Intelligence Applications. Retail Credit Analytics. See all Posts.

Report 52

Report Risk Management Compliance Analytics 52

PYMNTS

MARCH 11, 2016

Among the advantages are the ability to offer installments, offering local-based credit cards (that don’t even use the Visa or MasterCard brand), the option to offer better approval ratings locally, avoiding international charges for the consumer, and superior fraud management. CASE STUDIES. FRAUD AND CHARGEBACK INSIGHTS.

America 100

America Payments Fraud Case Study 100

NCR

FEBRUARY 20, 2017

There has also been research suggesting that emerging financial services like online lending are particularly at risk from cybercriminals. In its latest Cybercrime Report , security technology firm ThreatMetrix warned that one million cyberattacks targeted online lending transactions last year.

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