Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

Fraud 93

Fraud Training Cards Data 93

FICO

JULY 13, 2020

But for criminals, working individually or in fraud rings, these vehicles (or any vehicle, for that matter), present an attractive opportunity: finance the vehicle, sell it illicitly, and pocket the cash. An estimated 10% to 15% of auto finance companies’ bad debt book actually classifiable as first-party fraud.

Fraud 52

Fraud Analysis United States Risk Management 52

Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

Fraud 70

Fraud Training Cards Data 70

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.

How To 245

How To Management Report Strategy 245

Abrigo

MAY 5, 2022

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. Main Street Banking: A Podcast for Community Bankers 8. Fraud Prevention. Lending & Credit Risk. BankTalk 3.

Community 195

Community Lending Maine Resources 195

PYMNTS

MARCH 6, 2019

In the March Credit Union Tracker , PYMNTS explores how credit unions (CUs) and credit union service organizations (CUSOs) are working to cater to the unique financial needs of their members, while also focusing on continually combating fraud. PSCU is one CUSO focused on proactively fighting fraud. Around the Credit Union Landscape.

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Fraud Security Resources Florida 134

FICO

JUNE 1, 2023

Thu, 06/01/2023 - 09:03 Saxon Shirley by TJ Horan Vice President, Product Management expand_less Back to top Thu, 06/01/2023 - 09:00 Up until just a few years ago, artificial intelligence (AI) was something you mainly heard about in movies like 2001: A Space Odyssey , Terminator and Chappie.

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Training Fraud Customer Experience South Carolina 59

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. One company that provides fraud-fighting solutions to FIs recently began offering voice-based authentication to help banks verify customers based on their vocal pitches and rhythms.

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Report Fraud Security Fintech 158

PYMNTS

JULY 20, 2017

Digital Shadows , the industry leader in digital risk management, revealed its findings on the changing habits and tactics of organized credit card fraud gangs, discovering a new trend in the form of remote learning “schools.”. In just two of the most popular ‘carding’ forums, 1.2

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Study Online Course Cards 124

PYMNTS

JANUARY 3, 2019

Well, let’s start with the bad news first, even at the risk of robbing some of the joy and optimism that comes with the new year. As bad as one might think the risks of cybercrime are (fraud, hacking, data breaches , customer and revenue loss, lawsuits and fines), the reality is probably worse. Collaboration is also vital.

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National Security Risk Management Fraud 169

PYMNTS

OCTOBER 30, 2019

“Risk is always a concern when you are making a payment, when you aren’t face to face,” McFarland said. But where companies need to keep their focus is on the idea that risk and fraud are also associated with old, slow ways to pay. One, she pointed out, is that being slow doesn’t make a payment fraud-proof.

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Payments Risk Management Security Fraud 104

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.

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Fraud Online Cards Payments 171

FICO

JUNE 15, 2023

Now, I can practically send, transfer, or pay by accident by simply looking at my smartphone, which can make fraud prevention a real challenge. The main reason behind this is nearly 80% of consumers like how easy real-time payments are to use.

Fraud 52

Fraud South Carolina Survey Management 52

Alex Jimenez

NOVEMBER 4, 2023

Risk Management and Fraud Prevention: The continued increase in fraud and the growth of real-time payments drove many discussions about how to improve risk management. Attendees didn’t face rows of small booths with small branding to get lost in. The application of AI was highlighted many times.

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Conference Meeting Trends Fintech 84

Celent Banking

SEPTEMBER 3, 2015

This year we decided to publish a complimentary report, Becoming a Celent Model Bank: A Guide to Winning Celent’s Main Award for Financial Institutions. Cash Management and Trade Finance. Security, Fraud and Risk Management. Why did we do this? Digital Banking Transformation. Digital Payments and Cards.

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New York Risk Management Maine Fraud 100

Jack Henry

APRIL 30, 2014

In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks. Cyber-Attacks on Financial Institutions ATM and Card Authorization Systems.

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Fraud Cyber Security ATM FDIC 88

PYMNTS

NOVEMBER 8, 2018

There are three key areas of improvement that CFOs told Kyriba they would like to see among their organizations’ treasury teams: enhanced risk management, cash management and working capital management.

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Analysis Capital Survey Management 116

PYMNTS

NOVEMBER 19, 2019

The credit cycle will turn, and you’ll have a generation of credit risk managers who’ve not been through a recession yet. Cards are still one of the main engines of payments, and that’s not changing anytime soon. Do FIs want to navigate card programs through that?”.

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Cards Apple Data Innovation 140

PYMNTS

JULY 25, 2018

Russell Medley, director of risk management and fraud for gaming website 888.com The main challenge, I think, is that online gaming is very immediate,” he said. com , which offers access to online casino and poker games in 176 countries, said that the myriad regulations present a challenge. It’s quite tricky in the U.S.,

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Online Regulation Fraud New Jersey 100

PYMNTS

DECEMBER 10, 2019

The tools we use to detect, score and prevent fraud — particularly card-not-present fraud in digital transactions — have improved exponentially in the last half-decade. As of today, 85 percent to 95 percent of synthetic fraud identities are easily slipping past risk detection systems that are failing to flag them.

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Fraud System Data Tools 158

NCR

NOVEMBER 8, 2016

Evaluation of Risk. The overall risk management framework of any institution, including banks, should include cybersecurity considerations. For example, social engineering through phishing e-mails is one of the main causes of cyber breaches to an organization’s systems. Employees are the best first line of defense.

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Cyber Security Security Risk Management Training 63

PYMNTS

MAY 2, 2016

In his position as Vice President of Global Risk Management for TNS , Umer Ayub understands this reality firsthand. My global risk management team and I support all of TNS’ business divisions globally, which ensures a diverse set of responsibilities and a varied working day.

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Risk Management Compliance Management Meeting 100

FICO

FEBRUARY 17, 2023

Consumers in India processed 48 billion digital transactions across bill payment, wealth and loan management, insurance, shopping, and entertainment as far back as 2020. For more of my latest thoughts on digital transformation, fraud, financial crime and FICO’s entire family of software solutions, follow me on Twitter @FraudBird.

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South Carolina Fraud Management Payments 52

Insights on Business

DECEMBER 19, 2018

In addition, the Federal Reserve and a host of other regulators have released guidance on not only how to address the opportunities of artificial intelligence in financial crime as well as risk management, but what is expected once they look to apply innovative technologies. Heightened supervision expands the aperture.

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Regulation Innovation Compliance Risk Management 111

BankUnderground

JUNE 25, 2020

Broadly, the Bank of England receives two main types of quantitative data from regulated firms. There is a global market for these vendors, and a wide range of functions are provided, especially back-office functions such as HR and accounting services, as well as specialised risk management and product development activities.

Data 110

Data Big Data Regulation Risk Management 110

PYMNTS

JUNE 27, 2016

Caldera considers these segments “high risk” since the transactions they enable are more susceptible to fraud and money laundering. As a result, he says, regulators are on “high alert” and can impose harsh penalties when financial institutions don’t follow proper risk management strategies. What That Really Means.

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Regulation Guidelines Risk Management Operations 101

Insights on Business

JUNE 28, 2018

Some of the biggest applications of AI today in banking and finance are in front-end customer service like chatbots or virtual agents, or in the securities sector by identifying credit card fraud and helping to detect money laundering/creating digital trust, and lastly in the simple task of automating redundant processes.

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Compliance Case Study Analysis Analytics 70

PYMNTS

APRIL 18, 2017

Despite a compliance market packed with providers and the investment from companies to ensure they stay on the right side of regulations, instances of money laundering and fraud are still prevalent and not going anywhere any time soon. But is all the money being invested really getting the job done?

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Compliance Data Austin Management 111

FICO

JANUARY 24, 2018

Barbican’s Cyber Business Group Leader, Graeme King, explained, “Risk and IT can be disconnected in respect of to cyber insurance. There can sometimes be miscommunication between the IT function, which controls the items introducing risks, and the risk management group, which buys insurance cover to protect against these risks.

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Conference Customer Experience Maine Exercises 55

PYMNTS

MAY 29, 2018

The basic rule of personal security has changed little since ancient times: A person’s home — or hut, cottage, hovel or flat — is that person’s castle, the main location where relatives and valuables are secured from nefarious forces outside the door. Not any longer. The issue of online trust permeates those actions.

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Security Online Data Regulation 123

PYMNTS

MARCH 11, 2016

An increase in the number and severity of Know Your Customer (KYC) compliance policies — which are key to combatting identity theft, financial fraud, money laundering and terrorist financing — only adds to the challenge and complexity of efficiently and effectively acquiring new customers.

Data 100

Data Customer Experience social media Fraud 100

PYMNTS

SEPTEMBER 3, 2018

In June, CNBC reported that Holmes was indicted on criminal wire fraud charges— though she remains chairman of the Theranos board, despite the charges. One of the main hurdles new apps face is building trust and a sizable audience,” said eMarketer Forecasting Analyst Cindy Liu. million users in the U.S. more than Venmo’s 22.9

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Branding Cards Fraud Marketing 100

Bussman Advisory

SEPTEMBER 11, 2017

We see two main areas of concern. In a world of trillions of nanosecond micropayments and smart contracts, we think banks will increasingly be seen as trusted providers and fraud risk managers, for instance. This is bad for the clients. It is also dangerous for the banks. Out in the cold.

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Industry Innovation Fintech Leadership 64

FICO

FEBRUARY 9, 2023

Since then, TJ has held a variety of technical and management roles in the fields of analytics, fraud and risk management, and decision management at industry leading companies such as HNC Software and SAS. Those that did are set to continue to do well because, once again, resilience is everything. TJ holds a B.S.

Analytics 52

Analytics South Carolina Management US 52

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.

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Security Payments San Jose Fraud 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

PYMNTS

MAY 1, 2019

The use cases (or, as described earlier, candles) are still in early innings, he noted, and hundreds of Visa AI-powered applications are thus far mainly tied to fraud and risk management – and can even detect and address operational issues (such as those tied to network disruptions) before they become problematic.

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Data Technology Operations Examples 210