FICO

AUGUST 16, 2019

First-party fraud refers to an applicant or customer’s intention to commit fraud, whether through use of a true, manipulated or synthetic identity. It’s difficult to define the problem and many banking professionals debate the merits of who “owns” the first-party fraud problem — the credit risk group or the fraud group.

Fraud 40

Fraud Analytics Groups Management 40

Abrigo

FEBRUARY 8, 2024

Client fraud education to prevent banking losses Financial institutions play a crucial role in safeguarding customers and members from fraud. Fraud education is key. You might also like this infographic: 5 Fraud typologies impacting you and your customers or members. DOWNLOAD Takeaway 1 U.S.

Fraud 195

Fraud Resources social media Software 195

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. Big Mindsets.

National 169

National Security Risk Management Fraud 169

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. They can attract capital just like real banks and do damage to prudent savers moving precious assets from, for example, an impacted regional bank to a fake one that convincingly poses as legitimate.

Fraud 52

Fraud South Carolina Survey Management 52

Independent Banker

NOVEMBER 24, 2015

Current best practices in fighting wire fraud. With wire fraud on the rise, community banks have to step up precautions to protect themselves and their customers. Wire fraud incidents nearly doubled to 27 percent in 2014, from 14 percent a year earlier, according to the 2015 AFP Payments Fraud and Control Survey.

Community Bank 70

Community Bank Fraud Atlanta Community 70

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.

Fraud 171

Fraud Online Cards Payments 171

Alex Jimenez

NOVEMBER 4, 2023

Wealth Management: While Money20/20 has historically been a payments-focused conference, there was quite a bit of discussion on innovations in wealth management, with an emphasis on generational wealth transfer and the overall impact of technology. There were a couple of sessions that focused on payments in Africa.

Conference 84

Conference Meeting Trends Fintech 84

Insights on Business

NOVEMBER 19, 2018

Both fintech firms and traditional enterprises are on the brink of significant disruption as companies leverage the rapid insights generated by AI in banking to drive demonstrable outcomes in customer experience, risk management and cost efficiency. The caveat: There are winners and losers in this forward-thinking revolution.

Compliance 177

Compliance Regional blockchain Technology 177

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. Regional Coalitions. Secret Service Electronic Crimes Task Force (ECTF).

Fraud 88

Fraud Cyber Security ATM FDIC 88

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

DECEMBER 4, 2017

The startup rolled out this enhanced security offering in September so merchants would be able to take advantage of it for the holidays, a time when heightened transaction volume and velocity can make it easier to overlook fraud attempts. Jewel Paymentech.

Payments 112

Payments Risk Management Data Branding 112

PYMNTS

NOVEMBER 28, 2018

An economist with Nordnet, an investment company in the region, said investors have prepared for a fine in the area of $4.5 The possible financial consequences of a fine are relatively small in relation to the damage already inflicted and the risk of U.S. The bank’s shares were barely affected by the scandal, trading 0.7

Risk Management 108

Risk Management Training Regional Report 108

PYMNTS

SEPTEMBER 14, 2016

Ant Financial has 450 million customers and services spanning online payments, peer-to-peer lending and wealth management funds. Alipay is already accepted by more than 70,000 offline retailers in more than 70 countries and regions. All could see this new authentication technology in the future because Ant is not wasting any time.

Samsung 100

Samsung Risk Management Technology Regional 100

Abrigo

FEBRUARY 6, 2024

4 Reasons better check fraud prevention is a good investment Check fraud is on the rise. Learn how you can save time and money in the long run by updating check fraud prevention capabilities today. At the same time, check fraud is increasing dramatically. At the same time, check fraud is increasing dramatically.

Fraud 222

Fraud Training Trends Regional 222

FICO

JULY 31, 2019

As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it. The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management. regions, cloud)?

Cyber Security 70

Cyber Security Management Security Risk Management 70

PYMNTS

SEPTEMBER 22, 2016

Thomson Reuters World-Check Risk Intelligence is a structured database on politically exposed persons (PEPs) and heightened-risk individuals and organizations globally. “For For any regulated firm to thrive in the long term, consistent investment needs to be made in the risk, compliance and control functions.

Compliance 100

Compliance Data Risk Management Regulation 100

PYMNTS

MARCH 25, 2020

This can include communications to recognize customer milestones, adjust fees, provide offers or send alerts for risk management activities related to delinquencies and fraud. In dealing with multiple vendors, FIs often operate less efficiently. “So

Cards 108

Cards Risk Management Management Strategy 108

Abrigo

OCTOBER 9, 2019

The scenarios can include increases in interest rates, changes in cap rates by regions (this helps when evaluating collateral components), changes in rents, vacancies, or expenses, and CRE collateral stress. Portfolio Risk & CECL. Credit Risk. Fraud Prevention. Portfolio Risk & CECL. Learn More.

Data 150

Data Exercises Software Tools 150

PYMNTS

MAY 2, 2016

The Asia-Pacific region, however, is hot on its heels, with rapid growth forecasted for this time period. 240 million is lost to invoice fraud a year by businesses in the U.K., Methods of cyberattack highlighted by committee members included phishing, ransomware and invoice fraud. That value represents a 23.5

Lending 100

Lending Security Fraud Regional 100

FICO

FEBRUARY 25, 2019

After a 2018 that had its highs and lows, what might 2019 have in store from a credit risk management standpoint? The parallel shift implies that the ability of the FICO Score to rank-order repayment risk remains high: instead, there is a factor impacting new bankcard repayment beyond what is captured in the credit report.

Trends 63

Trends Fraud Data National 63

FICO

FEBRUARY 1, 2023

Matt Cox Matt Cox is vice president and general manager of Europe, the Middle East and Africa for FICO, overseeing operations across the region. He is a seasoned executive with 20 years global experience within the financial services industry, specializing in fraud and financial crime across all products and services.

Management 52

Management Fraud Strategy Analysis 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 93

Fraud Training Cards Data 93

FICO

FEBRUARY 18, 2021

Here are our five recommendations for credit risk managers. Consider all your customer risk segments. These details need to include not only the impact of the crisis, but policy changes made in response, which, in turn, affect portfolio performance, risk model validations, and policy analysis. Want to learn more?

Policies 59

Policies Analysis Risk Management Data 59

PYMNTS

OCTOBER 1, 2018

The SEC found LCA, LendingClub and Laplanche guilty of fraud for improperly using LCA assets to benefit LendingClub Corporation, LCA’s parent company for which Laplanche was both founder and CEO. The SEC Finding. LCA and Laplanche, along with former CFO Dolan, were also charged with improperly adjusting fund returns. said U.S.

Lending 135

Lending Fraud Management San Francisco 135

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

Fintech Labs Insights

MAY 30, 2017

million in new capital , Swiss anti-fraud specialist NetGuardians now has more than $14 million in total funding. Pictured (left to right): NetGuardians Digital Marketing Manager Mine Fornerod and Regional Director for Asia, Eric Margaryan demonstrating FraudGuardian at FinovateAsia 2016. With an infusion of $8.7 (CHF

Fraud 15

Fraud Regional Risk Management Conference 15

Gonzobanker

DECEMBER 17, 2021

From nowhere, sizable regional players are being created. Performance and multiples continue to be solid, outperforming most regional banks. Congrats to Randy and a great management team. Fiserv DNA continues to rack up successes in large credit unions, savings banks, and even a few regional commercial banks.

Fintech 144

Fintech Strategy Leadership Lending 144

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. Adyen’s IPO comes as other companies in the region have struggled this year to sell shares due to a volatile stock market and political uncertainty. million users, up from 9.2

Branding 100

Branding Cards Fraud Marketing 100

FICO

JANUARY 19, 2022

From TBML to BNPL to NFTs, 2021 found fraud and financial crime professionals dealing with a plethora of new challenges and criminal schemes. Our five most popular posts of the year dealt with trade-based money laundering, non-fungible tokens, buy now pay later scams, courier scams and good old credit card fraud. Here are excerpts.

Fraud 52

Fraud Cards Report Analytics 52

FICO

DECEMBER 23, 2020

Business intelligence to analyze the morass of data and alerts generated will be a key theme for the region and a global necessity as adoption of AI increases. As my colleague in Asia-Pacific Timothy Choon so eloquently stated, “Data everywhere – but where’s the intelligence?”

Compliance 52

Compliance Regulation Data Risk Management 52

Fintech Labs Insights

DECEMBER 21, 2015

.” Pictured (left to right): April Rassa, Director of Product Marketing, and John Canfield, VP of Risk Management for WePay demonstrating the Veda Risk Engine/Risk API at FinovateSpring 2014. WePay specializes in leveraging machine learning to help merchants fight fraud. Bill Clerico is CEO and co-founder.

Mobile 12

Mobile Risk Management Regional User Experience 12

FICO

DECEMBER 21, 2016

Just as in adjacent spaces — fraud, cybersecurity — analytics help investigators pick the most suspicious activities based on study of a wide range of factors. Kibble, Homeland Security Investigations regional attaché to the Netherlands for the U.S. Bigger criminal enterprises will take over illicit migration.

Compliance 40

Compliance Analytics Taxes Groups 40

PYMNTS

NOVEMBER 30, 2017

The startup supports financial institutions across the Asian Pacific region as these banks and other traditional players scramble to keep up with competition from newer, nimbler FinTech companies. The startup’s omnichannel management platform helps shield merchants from fraudsters by blocking fraud attempts in real time.

Risk Management 116

Risk Management Regional Analytics Fraud 116

FluentBanking

APRIL 18, 2020

The Admit Cards of the candidates of Dhaka city will be sent by the Institute to the Local Office/Zonal Office/Regional Office/Administration Department of the Head Office of their respective bank/financial institution. Where there are offices of Bangladesh Bank, the Admit Cards will be sent by the Institute to those offices.

Regulation 52

Regulation Case Study Security Management 52

Abrigo

DECEMBER 19, 2019

For many community and regional banks looking to compete with larger financial institutions and grow their bank, the answer has been mergers and acquisitions. Fraud Prevention. Fraud Trends. Fraud Prevention. Fraud Prevention. Lending & Credit Risk. Portfolio Risk & CECL. Learn More.

Lending 195

Lending Fraud Community FDIC 195

FICO

MARCH 6, 2020

With the acquisition of Tonbeller in 2015, FICO expanded its fraud portfolio and moved into the growing market for financial crime and compliance solutions to bring the benefits of advanced analytics to a field dominated by rule-based systems. Fraud and money-laundering are closely connected. Can you elaborate on that?

Compliance 81

Compliance Technology Fraud Analytics 81

Gonzobanker

DECEMBER 20, 2019

If you think of teams that take early system adoption risk, manage it well and get an edge on the competition as a result, you probably don’t think first of a $1 billion credit union in Kalamazoo. Might be time to. The workplace a millennial will most confuse with Silicon Valley – Live Oak Bank in North Carolina.

Idaho 148

Idaho Conference Data Marketing 148