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. Training materials for anti-money laundering & fraud professionals. Ongoing training is vital for an effective AML/CFT program.

Resources 195

Resources Training Fraud Compliance 195

Perficient

DECEMBER 14, 2023

With the onset of digital technologies, the transformation of manual tasks into automated processes is a game changer. Automated Invoice Processing, at its core, leverages technology to streamline and automate the entire invoicing workflow. Identification of invoice exceptions to prevent fraud. End-to-end invoice processing.

Training 221

Training Strategy Exercises Data 221

Perficient

DECEMBER 14, 2023

With the onset of digital technologies, the transformation of manual tasks into automated processes is a game changer. Automated Invoice Processing, at its core, leverages technology to streamline and automate the entire invoicing workflow. Identification of invoice exceptions to prevent fraud. End-to-end invoice processing.

Training 221

Training Strategy Exercises Data 221

Abrigo

DECEMBER 5, 2023

BSA training and experience must be extensive to meet regulatory expectations of a BSA Officer being competent and able to execute all duties effectively. This includes training staff on BSA/AML policies and fostering a culture of compliance. You might also like this webinar , "Pros and cons of combining BSA and fraud departments."

Training 221

Training Compliance Regulation Software 221

PYMNTS

AUGUST 22, 2019

FinTech firms are tapping into automation and training to stay on top of the latest security developments, while keeping an eye on evolving trends in the payments space. Fraud, for instance, is an ongoing threat, with nearly three-fourths of U.S. financial institutions reporting growing losses attributed to online and mobile fraud.

Fraud 142

Fraud Fintech Training Security 142

Perficient

FEBRUARY 29, 2024

Driven by technological advancements, regulatory changes, and shifting consumer preferences, the banking industry must evolve and respond accordingly. Operational Resiliency In an environment marked by heightened regulatory scrutiny and evolving customer expectations, operational resilience stands as a paramount concern for banks.

Trends 221

Trends Industry Analytics Compliance 221

PYMNTS

JUNE 20, 2019

Retailers focused on combating fraud have credit cards in the cross-hairs of their efforts. But ramping up the war on card fraud can introduce a new risk to companies: false positives. This isn’t merely an issue for the B2C world, however. The False Positive Threat.

Fraud 182

Fraud Payments Cards Strategy 182

PYMNTS

OCTOBER 16, 2020

Numerous quick-service restaurants (QSRs) have deployed these technologies to support their operations, tailor their customer service approaches and even boost sales, but many players, including several big names, have been reluctant to invest in such innovations. How AI Can Aid In Fraud Detection, Sales. QSRs Leverage AI.

Analytics 273

Analytics Data Fraud Tools 273

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. A team of analysts can only handle so many potential fraud cases at a time, after all. . resources.

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

APRIL 16, 2020

Not only do industry giants have innate name recognition, but they also have colossal advertising budgets and access to cutting-edge mobile ordering technology and features that small operations cannot match. Bad actors are taking advantage of the chaos and bringing about an upswing in digital fraud. Fighting Fraud.

Fraud 130

Fraud Chicago Resources Mobile 130

PYMNTS

JULY 14, 2019

Design and Cayenne Technology reportedly created the Online Bid Solution (SOL), which is said to be a technology based on the blockchain. And the operator of BitFunder, a defunct trading platform that was denominated in bitcoin, and WeExchange was sentenced for obstruction of justice as well as securities fraud, CoinDesk reported.

blockchain 140

blockchain Bitcoin Fraud social media 140

PYMNTS

MARCH 5, 2020

Zycus , which provides a comprehensive, end-to-end source-to-pay software suite in which it uses artificial intelligence (AI) technology, now has a new series of BOTs from its Zycus Merlin AI Suite, according to a press release. Zycus has been working in AI technology for over 20 years, and its first patent was filed in 2002 using the tech.

Training 243

Training Fraud Software Technology 243

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. Effective Fraud Management Requires Explainable Technology.

Fraud 52

Fraud Management System Course 52

PYMNTS

FEBRUARY 1, 2017

At the same time, the risk of fraud has never been higher and is still increasing — and the true costs of card-not-present fraud hit both the top and bottom lines of retailers simultaneously, while doing damage to reputations as well. When it comes to fighting fraud, there is a two-tiered model that is emerging. percent.”. “And

Fraud 100

Fraud Retail Cards Samsung 100

PYMNTS

OCTOBER 9, 2020

Leigh Reichel , new chief financial officer of cybersecurity firm INKY Technology Corp. told PYMNTS that the FBI has found email fraud already costs businesses and individuals $3.5 The pandemic has caused many companies to amend their operations and procedures, and scammers have been right there trying to exploit the changes.

Branding 292

Branding Fraud Software Security 292

Abrigo

OCTOBER 17, 2023

Specifically, examiners are directed to assess how banks are implementing significant changes in the following four areas: Leadership Operations Risk management frameworks Business activities (including the use of third parties to support critical activities). Below are six such advantages.

Management 195

Management Lending Risk Management Strategy 195

PYMNTS

JUNE 23, 2016

Though victims of fraud attacks may never be able to beat cybercriminals at their own game, it’s clear that knowledge is power. ” In this month’s installment of the Anatomy of a Fraud Attack series with Kount , we take a look at an increasingly favorite type of fraud among cybercriminals: carding or card testing.

Fraud 138

Fraud Cards Data Tools 138

PYMNTS

JANUARY 17, 2020

Platforms responsible for person-to-person (P2P) transactions, such as RV sharing website RVshare , rely heavily on consumer trust, which can be immediately erased if an instance of fraud leaves customers without goods or money. Is fraud a risk? RVshare’s Multi-Tiered Anti-Fraud Approach.

Fraud 130

Fraud Tools Training Maine 130

PYMNTS

JULY 30, 2019

Such tools are no longer at the far reaches of the universe, and today’s technologies would make the Enterprise’s crew feel right at home. Wingstop, a fast-casual buffalo wings chain with 1,031 locations worldwide, tends to be an early adopter for new technologies. Orderscape is also working on voice-activated ordering technologies.

Technology 119

Technology Mobile Google Software 119

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

PYMNTS

NOVEMBER 9, 2018

” The suit alleges that by leaving holes in their security protocols, and failing to train and monitor employees adequately, the phone providers assisted criminals in remotely taking over smartphone SIM cards, allowing them to access financial records and account information to steal cryptocurrency and other assets. .

Mobile 172

Mobile cryptocurrency Fraud Security 172

PYMNTS

APRIL 15, 2019

The marketplace operators sell the data to cybercriminals who use it for identity theft, online fraud and other crimes – and the data is worth anywhere from $5 to $200. They might just say, ‘I need to update my direct deposit information,’” Erik Nyberg, director of information technology at KVC, told CNBC. “Or

Fraud 129

Fraud Data Security Ohio 129

PYMNTS

NOVEMBER 14, 2018

Anyway, when it comes to “maybes” — the absence of certainty, the mushy middle that, in business, can mean revenue loss and flat growth — too many of them can provide openings for fraud. But even with artificial intelligence and machine learning helping human experts spot attempts at fraud, such certainty is not always possible.

Training 187

Training Fraud Operations Industry 187

PYMNTS

SEPTEMBER 23, 2020

The pandemic’s effects on online banking and cloud solution usage may significantly affect how such technologies are deployed — and what standards are set for their use — in the near future. The technology’s speed and seamlessness have long appealed to banks, but many are now also eyeing the cloud to keep their data secure.

Compliance 225

Compliance Regulation Guidelines Security 225

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. ” Organizations must do more with less, and they must do it quickly, he continued. .

Compliance 191

Compliance Risk Management Training Analysis 191

Independent Banker

APRIL 30, 2022

But with so much emphasis placed on customer-facing products and technologies, innovating back-office operations can fall to the bottom of the priority list. We believe operations is the “engine” that drives every aspect of banking and, ultimately, the bottom line. Unbundle your end-to-end operations and conduct a SWOT analysis.

Innovation 91

Innovation Community Bank New York City Community 91

South State Correspondent

JANUARY 23, 2023

With the capital raised by Elon Musk, Microsoft, and others, this year, banks look to license the technology utilizing a paid professional version and leverage the tool through the Microsoft Office Suite to accomplish a variety of tasks more efficiently. For that matter, it can turn any data set into a desired model.

Tools 370

Tools Examples Analysis Data 370

PYMNTS

JANUARY 14, 2021

Many companies took various facets of their operations digital, too, including their payments operations and other processes that relied on staff coming into the office. Under the measure, it would be mandatory for companies that are leveraging the technology to tell potential employees what they plan to do with the information.

Video 184

Video Tools New York City New York 184

Abrigo

MAY 15, 2020

Key Takeaways Like other federal relief programs, the PPP has become subject to fraud. The first federal charges of PPP loan fraud have been made – and they're unlikely to be the last. From 9/11 to Hurricane Sandy, and now, during COVID-19, federal relief funds aimed to help people rebuild after a disaster becomes subject to fraud.

Lending 195

Lending Rhode Island Fraud Los Angeles 195

PYMNTS

MAY 25, 2020

Banks are largely considered essential businesses and allowed to continue their operations, but it has hardly been business as usual for financial institutions. Digital fraud and other forms of financial crime are also on the rise due to the uncertainty and confusion surrounding the crisis. COVID-19-Related Fraud.

Fraud 167

Fraud social media Security Guidelines 167

PYMNTS

JUNE 15, 2017

Axis was created as an IT company in 1984, but it soon moved its eggs to the network technology basket, starting with network printers. If someone is hanging around the storefront for too long, the camera feed triggers the speakers to tell the suspect to come back during operating hours.

Fraud 101

Fraud Security Video Retail 101

PYMNTS

MARCH 3, 2020

Companies are thus looking to technologies like artificial intelligence (AI) and machine learning (ML) to help mitigate this. Each of the six firms will continue to retain individual operations at present. Other travel costs, such as airline or train tickets, also remain top categories for this type of spend. About The Tracker.

Management 130

Management Software Fraud Seattle 130

Independent Banker

MAY 31, 2022

Fraud and cyber attacks are on the rise, and at great expense to the industry. Here are some ideas for strengthening fraud defenses. Fraud and cybercrimes continue to increase, causing challenges for community banks. Fraud-fighting recommendations. Illustration by Cnythzl/iStock. By William Atkinson.

Community Bank 134

Community Bank Community Fraud Texas 134

PYMNTS

NOVEMBER 21, 2018

Algorithms are taking on more of the data and security work for financial institutions (FIs), with technologies such as data mining and business rules management systems (BRMS) finding popularity among banks and credit unions. According to the PYMNTS research, data mining stands as one of the most popular algorithmic technologies among U.S.

Data 192

Data System Technology Fraud 192

FICO

JANUARY 23, 2019

FICO recently hosted 60 banking fraud professionals from 33 organizations and 8 countries at its Asia Pacific Fraud Forum. Attendees were keenly interested in how artificial intelligence and machine learning continues to be a key technology in the fight against fraud and financial crime.

Fraud 40

Fraud Analytics Compliance Data 40

Independent Banker

DECEMBER 31, 2022

In response, community banks have an opportunity to revisit hiring policies and training programs. The use of digital technology and artificial intelligence has changed the workplace dramatically in recent decades, but the pandemic accelerated this shift by forcing remote working and driving online commerce. Training for success.

Training 98

Training Community Bank Community Knowledge Base 98

FICO

MARCH 14, 2023

The Risks of Retraining For example, perhaps the AI operator is satisfied with the detection of cross-border ATM fraud at a score threshold of 800, and with dollar-value rules that block transactions at $200 when both the score and dollar thresholds are met. How can this be rectified?

Training 52

Training San Diego Strategy Analytics 52