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

DECEMBER 19, 2022

Takeaway 1 Effective AML/CFT programs require ongoing training to keep AML and fraud staff compliant. Training materials for anti-money laundering & fraud professionals. Below are some of the most popular resources to help fight money laundering and fraud in 2022. Complimentary AML info. From crypto to cannabis.

Resources 195

Resources Training Fraud Compliance 195

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. Talent Management, Economic Disruption. Maturing Risk Strategies.

North Carolina 136

North Carolina Risk Management Leadership Survey 136

FICO

APRIL 7, 2020

As fraud practitioners, it’s easy to see the immediate impact on our lives – from reduced operational capacity, to the proliferation of COVID19 scams , to the need to modify our strategies as consumer spending habits have suddenly shifted. What does fraud risk mitigation look like in an increasingly digital world?

Fraud 52

Fraud Exercises Risk Management Strategy 52

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. They help manage and shape strategy in volatile economic and industry conditions.

Report 195

Report Risk Management Capital Data 195

Abrigo

DECEMBER 5, 2023

You might also like this resource: "Building a strong future: Succession planning strategies for you AML program." Financial services experience: Practical experience in the banking or financial sector, especially in compliance, risk management, or auditing roles, is invaluable for a BSA Officer.

Training 221

Training Compliance Regulation Software 221

FICO

MAY 10, 2023

Orchestration enables banks to execute processes related to customer experience and fraud prevention. As customer journeys and fraud management processes become more integrated and digitized, the outcomes from their automated decisions can influence other decisions made along the chain. Its answer was surprisingly clear.

Fraud 52

Fraud Management Customer Experience Analysis 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.

Fraud 52

Fraud Analytics Strategy System 52

Gonzobanker

JUNE 14, 2023

While nearly half of financial institutions surveyed for Cornerstone Advisors’ 2022 and 2023 What’s Going On In Banking studies had BaaS on their radar for a future strategy, those currently pursuing a BaaS strategy, in the process of developing a strategy or considering a strategy all declined year over year.

Compliance 109

Compliance FDIC Strategy Fintech 109

PYMNTS

SEPTEMBER 15, 2020

Rising eCommerce volumes and an embrace of the direct-to-consumer (D2C) sales model has led merchants to shift their own payment strategies — and seek out banking providers that can address those changing needs. All parties in the payment ecosystem.

Payments 299

Payments Risk Management Management Compliance 299

PYMNTS

MAY 20, 2020

For merchants and financial institutions (FIs), the “new normal” of commerce — done increasingly online — means that battling fraud is a bit like feeling an elephant. The pandemic has paved the way for fraudsters to try new avenues of attack, and is laying bare the limitations of the fraud prevention tools currently deployed.

Fraud 208

Fraud Examples Data Tools 208

FICO

JUNE 14, 2021

In this post, I’ll provide a quick overview of how BNPL works, and share my thoughts on how BNPL fraud can occur and where the financial liability lays. . Other providers, such as credit card companies, operate differently; those offering BNPL typically charge a fixed monthly fee instead of interest. A BNPL Primer. In the U.S.,

Fraud 52

Fraud Cards Millennials Utah 52

ABA Community Banking

FEBRUARY 11, 2019

37% said the ability to adapt to processing faster electronic payments is an obstacle Human Resources Feature Technology Risk Management Security Operational Risk Cyberfraud/ID Theft Feature3 Survival Strategies Blockchain Business of Blockchains.

Training 53

Training Survey Risk Management blockchain 53

NCR

MARCH 1, 2016

As a result of the recession and market volatility, there has been a concerted effort in recent years throughout the banking industry to focus on a holistic approach to an institution’s overall risk management in order to achieve and sustain stability. Operational risks transcend all departments of a bank.

Risk Management 40

Risk Management Management Operations Meeting 40

PYMNTS

JANUARY 24, 2019

With third-party due diligence and supply chain security as increasingly critical components of organizations’ procurement operations, compliance executives are finding important positions in their firms’ purchasing processes. Automated risk management solutions can be helpful in theory.

Compliance 191

Compliance Risk Management Training Analysis 191

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. AI Express’ capability is built directly into the multi-layered security strategy of the Mastercard network.

Fraud 121

Fraud Risk Management Security Resources 121

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.

Report 158

Report Fraud Security Fintech 158

PYMNTS

JUNE 5, 2020

Open banking provides opportunities such as upgraded customer convenience and customized financial solutions that can help consumers access bank account details, send payments, manage their budgets and more. How To Quickly Fight KYC Fraud. FinTechs can supplement their customer data by tapping third-party repositories as well.

Security 174

Security Fintech Data Fraud 174

FICO

DECEMBER 2, 2020

The world’s economy has changed, consumer behavior has changed and your operations have changed — at FICO World 2021, we’ll explore best practices and ideas for the new normal. We welcome session submissions on topics related to customer success with decision management, risk management, fraud and financial crime, and advanced analytics.

Risk Management 52

Risk Management Conference Strategy Analytics 52

FICO

NOVEMBER 23, 2021

He has held various roles in product development, risk management, software development and consulting for banks, hedge funds and software firms, including Standard Chartered Bank, TCG Group, HCL and Cognizant. Sid’s analyst research is focused on the intersection between risk management and high-performance analytics.

Meeting 52

Meeting Analytics Risk Management Management 52

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

Study 124

Study Online Course Cards 124

PYMNTS

JUNE 25, 2020

Just as with business continuity strategies, developing a resiliency plan must include an enterprise-wide scope and take into account the many unknowns that create only one certainty: Volatility will continue. Mitigating Risk. Planning for the future within an organization means mitigating risks that may or may not come to fruition.

Strategy 151

Strategy Management Tools Cards 151

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

Fraud 221

Fraud Training Risk Management Software 221

PYMNTS

JUNE 17, 2020

Keeping the trade engines moving is vital to the recovery of the global economy, but even as deals are struck and sales are made, businesses aren’t guaranteed the cash flow to sustain their operations. Finally, there is transaction risk, which addresses the threat of false documentation of shipping fraud.

Fraud 171

Fraud Capital Data Payments 171

PYMNTS

OCTOBER 23, 2020

The company operates a business verification platform allowing corporate customers, including B2B buyers and suppliers, to verify their business partners and mitigate risk. Detected operates a platform that uses data points to confirm a business's identity, location and other metrics that are continually updated.

San Francisco 158

San Francisco Compliance Capital Management 158

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. Some recent episode titles include: “Should Bankers Fear Apple’s Future Growth Strategy?” Fraud Prevention. Learn More.

Community 195

Community Lending Maine Resources 195

PYMNTS

NOVEMBER 19, 2019

Among the biggest debates is how to construct and operate the best card program possible – a decision that served as the foundation for a new PYMNTS interview with Jim Geeslin, head of strategy for Elan Financial Services , an agent credit card issuer. They differ in terms of assumed risk and FIs’ control over their card programs.

Cards 140

Cards Apple Data Innovation 140

FICO

SEPTEMBER 29, 2022

The ability to deliver risk-aware, pre-screened customer offers in near-to real-time is everything for telcos. It drives a ‘just-in-time’ mindset towards delivering greater security with real-time, fully risk-aware and pinpoint-perfect customer acquisition offers. But it’s all about trust.

Analytics 52

Analytics Data Risk Management Customer Experience 52

Insights on Business

OCTOBER 16, 2018

For those in marketing, data and analytics roles who have business operations responsibility. We’ll discuss the right platforms to handle payment volumes, putting APIs in place and preventing fraud in payments and more. Craig Rector, IBM Offering Management, Commercial Payment Solutions. The future of payment fraud prevention.

Fraud 117

Fraud Customer Experience Analytics blockchain 117

FICO

FEBRUARY 1, 2023

Importance of Broader Data Sets and Real-Time Analysis to Informing Pre-Delinquency Strategies Added to the challenges of early detection is the impact of BNPL and point-of-sale finance. Read the post Even in a Crisis, the Best Collections Strategy Is to Avoid Collections.

Management 52

Management Fraud Strategy Analysis 52

PYMNTS

MARCH 25, 2020

Maximizing portfolios means maximizing relationships across a full product line strategy to engage consumers, she noted, enabling FIs to achieve top-of-wallet status and to offer products with multiple revenue drivers, like credit. In dealing with multiple vendors, FIs often operate less efficiently. The Levers.

Cards 108

Cards Risk Management Management Strategy 108

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.

Regulation 101

Regulation Guidelines Risk Management Operations 101

PYMNTS

JANUARY 5, 2017

“Simply put: Crooks love checks,” Mike Vigue, VP of product strategy, cyberfraud and risk management at B2B payments company Bottomline Technologies, told PYMNTS. The latest to do so is Blair Jeffery, chief operating officer at digital payments firm Noventis.

Payments 100

Payments Survey Fraud Software 100

PYMNTS

APRIL 30, 2020

Supplier risk management is often a resource-intensive practice and rarely a target of technological investments. As a result, corporates will often let their vendor relationship management processes fall by the wayside. This lack of attention given to supplier risk meant wasted spend and fraud. Unprecedented Risk.

Risk Management 148

Risk Management Management Analysis Strategy 148

Gonzobanker

MAY 7, 2018

limited marginal operating expenses needed to do larger commercial and commercial real estate deals. As our cost of funds rise, loan growth rates plateau and margins in areas like payments and mortgage face continued stress, scaling to new levels of true operating efficiency will be a huge priority for bank executives. million to $6.1

Leadership 87

Leadership Operations Lending Strategy 87

Abrigo

DECEMBER 22, 2023

The most popular financial crime blogs in 2023 Check fraud, the SAFER Banking Act, and BSA exam topics were among Abrigo's top blogs on AML/CFT and fraud this year. You might also like this infographic on the true costs of fraud at financial institutions. Here are Abrigo’s 10 top AML and fraud blogs in 2023.

Fraud 221

Fraud Training Compliance Trends 221

Gonzobanker

JULY 8, 2022

The operational world of cash, checks, deposit slips, passbooks, and teller terminals used to dominate bank tech budgets. They need to have skilled resources that can manage all of the institution’s technologies, including a chief technology officer who owns and manages the infrastructure, networks, and lines of business applications.

Resources 146

Resources Leadership Technology Management 146