FICO

DECEMBER 5, 2018

Digital banking channels are increasingly popular, and behavioral profiling of customers is vital in preventing new types of fraud. The open banking revolution makes understanding each customer’s behavior even more important in preventing fraud by considering all the aspects of transactions. Understanding Recurring Behavior.

Analytics 45

Analytics Fraud System Data 45

Insights on Business

AUGUST 6, 2019

Recently, IDC published a white paper, sponsored by IBM, outlining the ten hard realities that FIs and payments services providers must overcome to benefit from modernization, and how they can turn these perceived threats into opportunities. Cost savings are possible as operations become more efficient.

Payments 70

Payments Risk Management Innovation Analytics 70

PYMNTS

AUGUST 18, 2017

Between account takeovers, business logic abuse, loyalty and reward points fraud and other cybersecurity attack methods, companies are not only suffering financial damages but brand image damages too. Here are a few of the top things every eTailer should know about fraud in 2017. Card Not Present Fraud Is A Big Threat.

Security 131

Security Fraud Analytics Tools 131

PYMNTS

SEPTEMBER 19, 2017

In 2016, corporate banking made up 38 percent of overall operating income across 20 of the world’s largest banks,” explained Patricia Hines, senior analyst at Celent, in a statement. Whether via the use of best-of-breed solutions or best-of-suite offerings, banks must be open to new technologies, like blockchain. “A

Innovation 108

Innovation Survey blockchain Lending 108

NCR

JULY 12, 2017

The data revolution is one of the biggest technology changes facing banks at the moment, and efforts to effectively harness data should be at the forefront of any financial institution’s strategy. But let’s not underestimate the potential that technology brings forth. The benefits of being data-driven.

Data 80

Data Analytics Big Data Community Bank 80

PYMNTS

OCTOBER 17, 2018

If history is even a rough guide to the future, you can bet that some of the case studies, technology and techniques gained from what promises to be a major operational effort will make their way into the payments and commerce mainstream — which, of course, has its own daily issues with data breaches, hackers, fraud and authentication.

Payments 100

Payments Maine Case Study System 100

Insights on Business

FEBRUARY 11, 2019

Launched in November 2017 , IBM Cloud Private (ICP) aims to provide users with the right mix of private and public cloud technologies. It leverages open source technologies like containers, Kubernetes, Helm and Cloud Foundry to deliver the benefits of public cloud but with the control of private.

Compliance 87

Compliance Security Big Data Analytics 87

FICO

AUGUST 15, 2018

When today’s businesses create a list of must-haves in the race to alter and ultimately transform how they operate, machine learning is one of those checkbox necessities. Tools like Blaze Advisor and Decision Modeler are built for this approach; however, even the best technologies alone aren’t enough.

Analytics 53

Analytics Analysis Data Operations 53

CFPB Monitor

FEBRUARY 8, 2021

He indicated that Mr. Uejio’s prior experience at the CFPB has allowed him to become well-versed not only in operational issues such as personnel and budget but also as to policy issues. Cordray shared his thoughts on how each of them is likely to approach his new role at the CFPB.

Leadership 78

Leadership Lending Groups Policies 78

FICO

JUNE 22, 2017

JP Morgan’s fine highlights the broader problem that many global banks had been facing, which was ignoring the warning signings of fraud and money laundering. This tool demonstrates AI’s transformative benefits in anti-money laundering (AML) and fraud detection. This post originally appeared on the SIIA blog.

Tools 55

Tools Compliance Innovation social media 55

FICO

JANUARY 8, 2021

Aashish carried the analogy further, saying that to play a strong hand in the COVID-10 era requires: Unbiased risk assessment of current processes, technology, supply chain (a business’s current hand). Mobile Operators and Coronavirus: Ideas To Help Slow The Spread. Investment to redefine for new normal (continued table stakes).

Analytics 52

Analytics Analysis Lending Management 52

FICO

MAY 19, 2021

What Is First-Party Fraud? From banks to telcos to debt collection agencies, what looks like unrecoverable bad debt may in fact be first-party fraud. For many people, the word “fraud” evokes images of shadowy criminals using stolen identities and purloined credit card information to commit financial crimes. by Matt Cox.

Fraud 52

Fraud Groups Analytics Compliance 52

FICO

MAY 19, 2021

For many people, the word “fraud” evokes images of shadowy criminals using stolen identities and purloined credit card information to commit financial crimes. Perhaps surprisingly, consumers sometimes use their own personal information to commit fraud. Both of these crimes are first-party fraud.

Fraud 52

Fraud Groups Analytics Compliance 52

William Mills

MAY 11, 2016

Banks are not experts in IT, so now they can leverage plug-and-play technology functionality. Corezoid is advocating for a “process focused” view of bank technology, by use of APIs. Download our latest white paper that discusses what it really takes to develop a successful Fintech startup. Maria Gurina (Bus.

Video 40

Video Lending social media Analytics 40

PYMNTS

OCTOBER 31, 2018

Late this month, a study from Nexus found that across 200 businesses surveyed, more than half of large and mid-sized companies queried are looking to adopt blockchain in an effort to mitigate operational risks in the wake of Brexit. As reported in July via white paper, the U.K.

blockchain 201

blockchain Fraud Data Study 201

FICO

JANUARY 3, 2019

In my previous post , I described how fraud analytics for open banking work. Following an introduction to behavioral analytics , this post focuses on how the data refined through behavioral profiles are combined in an unsupervised machine learning model to produce a score indicative of fraud or non-fraud. Learn More.

Analytics 40

Analytics Fraud Groups Examples 40

William Mills

MAY 11, 2016

Race Data brought bank client on stage who is thrilled with the product, he also states that the technology gives context to bank call center employees as well. ^KT. Diana Chin (HR & Operations). Katerina Frolovicheva (MD, Technologies Innovations). This certainly adds a lot of technological capacity to the community bank.

Video 40

Video Mobile social media Analytics 40

William Mills

SEPTEMBER 9, 2016

I like the idea but I am a bit concerned about the potential for fraud from both companies and investors. From their web site: Based in San Francisco, MarketX was founded by a group of experienced professionals from finance, legal, and technology backgrounds. Addresses compliance, fraud experience and customer experience analytics.

social media 40

social media ATM Mobile Customer Experience 40

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet.

Fintech 195

Fintech Community Regional Technology 195

William Mills

SEPTEMBER 7, 2016

03:04 pm Experian Fraud & Identity – https://www.experian.com/decision-analytics/identity-and-fraud/fraud-and-identity.html – @Experian – Adam Fingersh – GM and SVP, Fraud and Identity Solutions & John Sarreal. Perhaps there is a big bank in Canada that has embraced their technology.

Mobile 40

Mobile Cards Fraud Data 40

CB Insights

MAY 15, 2019

Companies are turning to accelerators, funds, and labs to try to find the next big thing that will reduce fraud, speed up transaction times, and catch on with consumers. DBS leaders expect to see more than 5,000 people actively innovating DBS’ services and operations at DAX each year. Founded: 1999 and 2005.

Innovation 78

Innovation blockchain Technology Groups 78