PYMNTS

SEPTEMBER 24, 2020

Staying abreast of these various compliance shifts can be costly and challenging for banks, but doing so is necessary to ensure that financial institutions’ (FIs) operations can run smoothly and ward off cyberattacks. GDPR has been a blueprint for many online data and privacy regulations rolled out around the world. EU and U.K.

Compliance 151

Compliance Fraud Regulation Security 151

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. The topics were perfect, and there were some great case studies, but the substance was standard, bordering on underwhelming.

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Conference Las Vegas Fraud Case Study 221

PYMNTS

FEBRUARY 26, 2020

Back then, FinTechs asked for forgiveness instead of permission, rushing headlong into markets, disrupting them and operating in newly invented spheres of finance that regulators barely understood. For a case study in the new privacy rules at scale, people are looking to China and its Multi-Level Protection Scheme 2.0

Regulation 130

Regulation Case Study Fraud Study 130

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.

Fraud 108

Fraud Google Apple Chicago 108

PYMNTS

AUGUST 20, 2020

million SMBs operate across the country and account for 64 percent of new jobs. Only 35 percent of such businesses make it past their first decade in operation. One of the most pressing issues plaguing SMB lenders is the risk of fraud. Fraud targeting SMB lenders has increased by 7.3 They represent 99.9

Fintech 177

Fintech Fraud Lending Regulation 177

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.

Fraud 52

Fraud Analytics Strategy System 52

PYMNTS

SEPTEMBER 24, 2020

FIs that offer remittances must also comply with a variety of regulations intended to help ensure that terrorists and other criminals are unable to abuse the services to finance illicit operations and hide ill-gotten funds. Maintaining compliance with these important regulations can be challenging, but FIs cannot afford to slip up.

Compliance 223

Compliance Tools Fraud Regulation 223

PYMNTS

MARCH 3, 2020

A recent study found that 75 percent of this generation’s members visit financial institutions (FIs) at least once per month. Digital-first transformations can improve personalization and operating efficiencies, but they also bring challenges, including adoption-related costs and new avenues for fraud.

ATM 151

ATM Fraud Study Regional 151

PYMNTS

SEPTEMBER 28, 2020

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. Regulators in countries like Egypt have only recently rolled out their data protection rules.

Online 151

Online Report Payments Regulation 151

Abrigo

JUNE 23, 2020

As most operations have shifted to a digital-first world due to the coronavirus pandemic, institutions have had to adjust and adapt new technologies to stay competitive and thrive during these times. We understand the trust you put in us when you use our BSA/AML and fraud software and we make the same investment in your program’s success.

Software 195

Software Community Fraud Resources 195

PYMNTS

DECEMBER 17, 2019

Headlines are filled with reports of service outages and data breaches , and both banks and consumers are contending with rising fraud concerns as digital banking takes off. Fraud threatens everyone, yet customers rely on their banks for protection. Bigger Banks And The Problems With Data Security.

Technology 142

Technology Fraud Data Security 142

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.

Compliance 109

Compliance FDIC Strategy Fintech 109

PYMNTS

DECEMBER 11, 2020

As goes banking, so goes fraud. PYMNTS December 2020 AML/KYC Tracker® done in collaboration with Trulioo probes the heightened fraud climate accompanying the mobile-digital shift, zeroing in on key aspects of prevailing in the digital fraud wars. It has ever been thus.

cryptocurrency 219

cryptocurrency Fraud blockchain Security 219

PYMNTS

JANUARY 23, 2020

Every day is now a delivery day at FedEx,” Raj Subramaniam, president and chief operating officer at FedEx, said in a statement, announcing expanded home delivery to include Sundays. A Wells Fargo regulator is planning a civil suit against 10 former company executives for their roles in its retail banking scandals.

Fraud 131

Fraud Community Bank Analytics Study 131

FICO

JANUARY 5, 2021

It’s no surprise that COVID-19 would be one of the subjects that drew readers to the FICO Blog last year, but for the Fraud Protection and Compliance category it wasn’t the only top draw. What else made for the hottest reads in 2020 for fraud and financial crime? Here were our top 5 posts: #1: Fraud And Financial Crime Convergence.

Fraud 52

Fraud Compliance Survey Google 52

FICO

JULY 31, 2019

Fraud management and AML compliance are both about tackling financial crime, but often they are managed by different teams, each with their own processes and technology. It’s also true that fraudsters do not operate in siloes when they transfer the money from their frauds into cash by laundering it through a network of money mules.

Fraud 40

Fraud Compliance Study Management 40

Insights on Business

JULY 30, 2019

Regulators in the US and across the globe are supporting and even encouraging experimentation with new ways to handle financial crime detection, operations and management. As regulators see the initial application of AI in some firms, they will begin expecting it at others. Your peers are already exploring the benefits of AI.

Study 107

Study Survey Regulation System 107

PYMNTS

MAY 23, 2018

A February 2018 study from the Federal Reserve Bank of Minneapolis found that 75 percent of American financial institutions incurred losses due to fraud last year. Governments and regulators around the world are also stepping into the fight against fraud. Notable Digital ID News. DPAs Prepare for Looming GDPR Deadline .

Trends 125

Trends Strategy Minneapolis Fraud 125

PYMNTS

FEBRUARY 28, 2019

Platforms need to pay careful attention to fraud across dozens of markets, meaning the ability to detect and manage fraud will only become more crucial as the sharing economy grows. To read the Case Study, download the Playbook. Read these and the rest of the latest headlines in the Tracker. About the Playbook.

Payments 183

Payments User Experience Training Case Study 183

PYMNTS

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. Smooth B2B operations depend on robust data gathering, but many companies rely on manual methods to collect information and complete supplier enrollment.

Data 166

Data Management Taxes Meeting 166

PYMNTS

JULY 9, 2019

Those three words strike at the heart of identity, and mean so very much when it comes to the efficient operation of the global digital economy and its continuing growth, whether via retail, payments, financial services, healthcare or other areas. Everything is moving toward digital.”. This info is easily available on the Dark Web.

Security 191

Security Online Fraud Samsung 191

Insights on Business

JULY 30, 2019

Regulators in the US and across the globe are supporting and even encouraging experimentation with new ways to handle financial crime detection, operations and management. As regulators see the initial application of AI in some firms, they will begin expecting it at others. Your peers are already exploring the benefits of AI.

Study 79

Study Survey Regulation System 79

PYMNTS

SEPTEMBER 6, 2019

Investors have clearly signaled that attention must be paid to operating leverage. Beating the fraudsters: Visa said that since their inception, chip cards have reduced counterfeit fraud by 87 percent. Counterfeit fraud dollars for all U.S. Smaller firms seem especially vulnerable. Chip cards are accepted by 3.7

cryptocurrency 100

cryptocurrency Fraud Operations Capital 100

Gonzobanker

MAY 4, 2022

Regulations – The practical application of regulations to specific situations at the institution requires deep “inside” knowledge. They will then need to learn where the data “nuggets” are, i.e., the information that will be actionable and have real impact on operations and performance. And they vary by FI.

Training 142

Training Survey System Data 142

PYMNTS

JUNE 4, 2020

There was already disparity in how patients were receiving funds from providers and the methods they wanted to use, with one pre-outbreak Ingo Money study noting that less than 10 percent of U.S. The COVID-19 pandemic has meant months of nonstop work for doctors, nurses, other medical professionals, regulators and insurers.

Study 130

Study Payments Tools Online 130

PYMNTS

MARCH 9, 2020

We may, as a society, have been dealing with cybercrime, fraud and illegal trafficking for a while, but now, those activities are converging on a global stage. But if you think about trafficking,” he said of the flow of illegal firearms, “there’s a huge financial backbone to these operations. People are looking to make money.

Data 177

Data United States Chicago Community 177

FluentBanking

APRIL 18, 2020

It is important to know thoroughly about the syllabus and regulations of any course before enrolling in that. The examinees will also be asked to answer case study based/practice oriented questions. Question setting pattern The question setting patterns will be both narrative as well as practice oriented based on case studies.

Regulation 52

Regulation Case Study Security Management 52

PYMNTS

SEPTEMBER 6, 2019

The sharing economy is a two-way street that operates on trust between suppliers and customers, and that trust is even more important for high-value exchanges like home shares. According to this study, though, platforms’ fear of adding friction to signup and login processes may be overblown. Regulations and Compliance.

Security 125

Security Data Online Regulation 125

PYMNTS

MARCH 18, 2019

A new study by the Organisation for Economic Co-operation and Development (OECD) shows that trading in pirated and counterfeit goods has risen significantly, according to a report in the Financial Times. The increase has the effect of stifling a global economy driven by innovation and new ideas.

Report 124

Report Innovation Study Security 124

PYMNTS

DECEMBER 11, 2020

Invisible” is the operative word here, as the tsunami of remote onboarding triggered by COVID lockdowns has given fraudsters yet more cover to add to their anonymity. Online account openings increased by as much as 15 percent when social distancing mandates were implemented, and one study revealed that 73 percent of U.S.

Video 204

Video Security National Digital Banking 204

BankUnderground

JUNE 25, 2020

Broadly, the Bank of England receives two main types of quantitative data from regulated firms. Second, and separately, regulators also have access to more granular data on specific types of financial agreements and transactions. The UK is a leading hub for data centres (eg see case study on p.15 15 of this report ).

Data 110

Data Big Data Regulation Risk Management 110

PYMNTS

JUNE 20, 2019

According to the new Credit Union Tracker , as of March 2019 there were an estimated 5,572 CUs in operation and in the same month 324,000 consumers joined CUs. In the study, 91.7 percent of those focused on data analytics said they also focused on fraud management solutions in the previous three years, compared to only 60.6

Innovation 100

Innovation Cards Analytics Video 100

PYMNTS

NOVEMBER 8, 2019

Not only that, but fresh PYMNTS research sheds light on fraud and facial recognition. It’s a concept Rob Orgel, now the new president and chief operating officer at Flywire , told Karen Webster was foundational to his decade-long career at Apple. In other words, it is no longer enough to respond to a fraud attack after it occurs.

Apple 100

Apple Cards Fraud User Experience 100

Abrigo

MAY 12, 2022

Protect your financial institution from cybercrime With cybercrime constantly evolving, what can businesses and financial institutions do to prevent fraud? Cybercrime is a threat to businesses and institutions of all sizes and is at the forefront of the minds of those in the fraud prevention field. These measures can help.

Fraud 195

Fraud Training cryptocurrency Software 195

PYMNTS

DECEMBER 12, 2018

watchdog, released the findings of a study Wednesday (Dec. In a press release announcing the results, the FCA said that despite growing public awareness about cybersecurity and increased regulation placed on companies, the board members of scores of companies have a limited understanding of the risks.

Security 124

Security Management Study Compliance 124

PYMNTS

JANUARY 28, 2019

According to an investigation by Sixgill, $250,000 of Fortnite items were sold on eBay in the last 60 days, with operations being conducted around the globe in Chinese, Russian, Spanish, Arabic and English. According to a reports, the antitrust-regulating European Commission has been working for some time to stamp out fees that U.S.

Video 128

Video Data Google Cards 128

PYMNTS

APRIL 5, 2019

One of the legal operations that are springing up in the states that have approved the above-board sale of marijuana products? Pot, given its long history as an illegal drug, understandably still carries the stigma of criminality and fraud. But that’s not the case with legal pot operations, according to Wilson.

Payments 185

Payments Retail Industry Software 185