FICO

APRIL 10, 2019

As companies learn their FICO Cyber Risk Score, it raises the question: What are our recommendations for cyber risk management? Managing cyber risk is about managing behavioral risk and skills gaps, as well as technical flaws.

Risk Management 40

Risk Management Management Security Guidelines 40

Perficient

AUGUST 3, 2023

Generative AI ingests data and understands guidelines incredibly well; therefore, businesses across industries are jumping to take advantage of all the possible ways the tool can help save them money and create elevated, uber-personalized customer experiences.

Industry 83

Industry Risk Management Customer Experience Fraud 83

Insights on Business

JUNE 27, 2018

Asset liability management (ALM) and liquidity risk (LR) are top of mind for banks as the pressure from today’s regulatory environment heats up. They have a critical need for technology that can provide insight into risks embedded in their banking books. Regulatory pressure is creating a financial data analytics crisis.

Big Data 151

Big Data Data Risk Management Analytics 151

CFPB Monitor

MAY 18, 2021

The Board of Governors of the Federal Reserve System recently issued and invited public comment on proposed guidelines to be used by Federal Reserve Banks to evaluate requests for master accounts and/or access to Federal Reserve Bank (Fed) financial services, in order to support a more “transparent and consistent” approach to such requests.

Fintech 78

Fintech Guidelines Policies System 78

PYMNTS

MAY 5, 2020

“Institutions should not just rely on one piece of data to validate the identity of a person when opening accounts,” said Pangretic, adding that it is imperative for banks to gather credible identity information from multiple points and then train employees to identify red flags while following KYC guidelines.

Cards 197

Cards Fraud Guidelines Mobile 197

PYMNTS

SEPTEMBER 4, 2019

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms.

Lending 134

Lending Fintech Guidelines Meeting 134

Insights on Business

FEBRUARY 14, 2019

In particular, next generation governance, risk and compliance has been a key topic with sessions focused on how advanced technologies such as AI, advanced analytics and cloud deliver innovative financial services solutions. “How is IT risk different when IT services are outsourced? .”

Compliance 125

Compliance Risk Management Case Study Meeting 125

Independent Banker

DECEMBER 1, 2021

Increasing role of technology. Protecting your business and customer base – Investing in a partner with a strong focus on risk, compliance, and identity fraud prevention can give you peace of mind that your Know Your Customer (KYC) procedures are compliant, along with other regulatory guidelines.

Community Bank 91

Community Bank Community Fintech Guidelines 91

PYMNTS

APRIL 16, 2020

Currencycloud is connecting regional banks to advanced FX and global payments technologies, while the firm’s founder, Nigel Verdon, is also targeting Banking-as-a-Service with his new startup, Railsbank. But many of these businesses are also looking ahead to drive financial services efficiencies beyond coronavirus disruption.

Data 167

Data Lending Regional Fintech 167

Insights on Business

OCTOBER 16, 2018

The IBM Open Banking Platform includes modular tools based on industry standards including the Banking Industry Architecture Network (BIAN), Information Framework (IFW), and other open banking guidelines. Built on Kubernetes and optimized for IBM Cloud Private, it’s powered by IBM API Connect and Watson technologies.

Capital 157

Capital Tools System blockchain 157

PYMNTS

JUNE 27, 2016

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. The regulations were vague, and were more like guidelines. But, there was an issue with that initiative, he points out.

Regulation 101

Regulation Guidelines Risk Management Operations 101

Insights on Business

OCTOBER 11, 2018

Banks moving core applications to the cloud need to follow certain guidelines and standards for the migration/transformation and overall banking ecosystem to work successfully. Some of these standards are getting established by regulatory bodies, such as the PSD2 regulation in Europe, which covers payment initiation and account access.

Meeting 111

Meeting Customer Experience System Guidelines 111

Gonzobanker

JUNE 26, 2020

Disaster recovery plans usually focus on the information technology infrastructure, systems and applications of an organization with the goal of getting them back up and running as fast as possible once a disaster occurs. Great business continuity plans follow a few simple guidelines. Get Ready … Stay Ready.

Survey 158

Survey Exercises Guidelines Operations 158

FICO

JANUARY 5, 2023

The Consumer Financial Protection Bureau (CFPB) has indicated it will publish rules , not guidelines, aimed at strengthening consumers’ control over and providing portability of their financial account data, sometime in 2023. For those in the financial services industry, 2023 will be the year when U.S. focused on AI principles and standards.

Policies 52

Policies Company Regulation Risk Management 52

PYMNTS

APRIL 30, 2019

In a podcast with PYMNTS’ Karen Webster, Rob Eleveld, CEO of Whitepages, took note of how PSD2 and its strong customer identification (SCA) guidelines (which take effect in September) will shift checkout flows for transactions in Europe. PSD2 will change – indeed is changing – online commerce in Europe and beyond.

Fraud 171

Fraud Online Cards Payments 171

PYMNTS

JANUARY 27, 2017

In China, he proffered by way of example, there is a multi-purpose score calculated for things like credit decision and risk management derived data from Tencent networks and through conduits such as Alibaba, Alipay and Ant Financial. But the advent of technologies such as blockchain may help streamline things. And in the U.S.,

blockchain 100

blockchain Security Guidelines Fraud 100

Insights on Business

MAY 6, 2019

While it’s clear from conversations with fraud managers that this expectation is growing, it’s not as apparent why now. In the US, both AML and fraud detection models were already subject to review under the Office of Comptroller of the Currency’s 2011 “Supervisory Guidance on Model Risk Management.”

Fraud 102

Fraud Regulation Compliance Analytics 102

Gonzobanker

AUGUST 14, 2019

AWS publishes extensive documentation and guidelines outlining how its cloud customers must secure their data. Although SSRF is a known vulnerability that AWS could address , Amazon relies on properly configured networks to block an attack. As a result, AWS shifts the responsibility to the customer.

Capital 94

Capital Data Security Guidelines 94

Lars Markull

JULY 1, 2020

This is at the center of most Open Banking regulations and can be achieved with the right design and guidelines. . While this is a service that any bank can offer on top of their own bank account, only with Open Banking technology will it be possible for users to easily get visibility into all of their financial accounts in one place.

Risk Management 69

Risk Management Data Examples United States 69

FICO

JANUARY 4, 2018

About the latter, he wrote, “The Federal Communications Commission has not provided much relief for those seeking legal clarity when using modern technology to communicate important non-telemarketing messages to customers’ mobile phones (e.g., Using Alternative Data in Credit Risk Modelling.

Analytics 58

Analytics Data DC Millennials 58

Lars Markull

JULY 1, 2020

This is at the center of most Open Banking regulations and can be achieved with the right design and guidelines.  While this is a service that any bank can offer on top of their own bank account, only with Open Banking technology will it be possible for users to easily get visibility into all of their financial accounts in one place.

Risk Management 52

Risk Management Data Examples United States 52

Jeff For Banks

MAY 20, 2017

Both institutions were over the CRE concentration guidelines, so putting them together would exasperate this risk, so the regulatory thinking must have been. Risk mitigants tend to lag growth, especially fast growth. Look at technology companies. Last December, Astoria Financial Corp.

Lending 60

Lending Regulation Community Community Bank 60

Gonzobanker

MAY 27, 2016

Instead, I used them to help my colleagues understand and address weaknesses in their own personal technology usage in order to strengthen the company’s wireless network and strengthen their mobile devices’ security settings. Yes, I was able to collect credentials on a modern wireless network, but I didn’t use them for malicious intent.

Mobile 63

Mobile Meeting Security Guidelines 63

Independent Banker

DECEMBER 13, 2015

Using technology allows the bank to compete against larger lenders, and using technology and personal service to build relationships with both dealers and borrowers is key to the success of the bank’s auto-loan program, he says. And in the current rate environment, it is good for interest rate risk management.”.

Community Bank 70

Community Bank Lending Community Security 70

Independent Banker

NOVEMBER 24, 2015

Using technology allows the bank to compete against larger lenders, and using technology and personal service to build relationships with both dealers and borrowers is key to the success of the bank’s auto-loan program, he says. And in the current rate environment, it is good for interest rate risk management.”.

Community Bank 70

Community Bank Lending Community Security 70

Jeff For Banks

MARCH 14, 2020

Following CDC guidelines and state recommendations to reduce risk, such as not attending large gatherings. Daily disinfecting of frequently touched surfaces such as phones, keyboards, handles, etc. Coughing and sneezing into our elbows. Trying desperately to not touch our faces. Do you know how hard this is?

ATM 78

ATM Policies US Management 78

FICO

DECEMBER 9, 2019

The pressure on the CSM to drive value from the placed or purchased portfolios will simply increase, and those working with minimal analytics or technology will find it hard to compete. AI and machine learning will continue to lag in adoption.

Analytics 52

Analytics Regional Strategy Regulation 52

Tomorrow's Transactions

DECEMBER 19, 2016

As for the last few years, I’ve put together a “live five” of technology-driven changes in the secure transactions field that will have a real business impact over the coming year. The NIST guideline goes on to talk about using push notifications to applications on smart phones, which is how we think it should be done. Goodbye 2016.

Mobile 30

Mobile Retail Trends Security 30