BankInovation

FEBRUARY 10, 2022

The surge in digital and mobile banking adoption has led to an increase in fraudsters deploying more account takeover (ATO) attacks. Digital is a low-risk, high-reward environment for cyberattacks, Andy Renshaw, senior vice president at fraud and risk management company Feedzai, told Bank Automation News.

Fraud 98

Fraud Mobile Risk Management Management 98

Banking Exchange

NOVEMBER 7, 2022

Report by Oliver Wyman details how banks can deal a ‘body blow’ to online fraud Risk Management Technology Feature3 Feature Cyberfraud/ID Theft Security Mobile Online Cards Digital.

Risk Management 78

Risk Management Fraud Online Mobile 78

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. We need to manage risk appropriately, but open banking is a good thing,” Davies said.

Security 174

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Banking Exchange

OCTOBER 2, 2019

Proactive Threat Interference® provides protection not offered by other cybersecurity approaches Risk Management Risk Adjusted Technology Compliance Security Online Mobile Operational Risk Compliance Management Feature3 Feature Cyberfraud/ID Theft.

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Banking Exchange

OCTOBER 26, 2021

Financial institutions and the businesses they serve need to add an additional layer of technology and step up their strategy Risk Management Technology Duties Human Resources Feature Feature3 Cybersecurity People Cyberfraud/ID Theft Security Tech Management Outsourcing/Cloud Mobile Online Operational Risk Covid19.

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Banking Exchange

MAY 17, 2021

More than half of consumers have become more concerned about fraud since Covid-19 Risk Management Technology Cyberfraud/ID Theft Operational Risk Feature Feature3 Mobile Tech Management Online Cards Security Checks/Remote Deposit Capture Payments.

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Banking Exchange

FEBRUARY 8, 2021

Pandemic sees increase in amount lost to fraud, according to new data Risk Management Feature3 Feature Security AML & Fraud BSA/AML Big Data Covid19 Online Mobile Cards.

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PYMNTS

APRIL 15, 2020

The advent of COVID-19 , Fiserv ’s Vice President of Risk Analytics and Strategy Kannan Srinivasan and Vice President of Fraud and Financial Crimes Management Gasan Awad told PYMNTS, didn’t introduce these things – but it did create a perfect storm of factors that is now pushing these fraudsters into overdrive. Powering A Fast Pivot.

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Payments Source

SEPTEMBER 25, 2018

Merchants increasingly fall short of security standards as digital commerce innovation pressures risk management.

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PYMNTS

NOVEMBER 26, 2019

Compliance with market standards and regulations allows us to provide our clients with legal security and convenience of using the exchange, with the participation of a friendly banking system and the availability of payment operators,” BitBay said. Department of Justice on illegal financial issues affecting national security.

Bitcoin 141

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Banking Exchange

JUNE 7, 2019

Advances in digital identity authentication are providing a better customer experience while shrinking the window for losses Technology Retail Banking Tech Management Mobile Online Cards Security Checks/Remote Deposit Capture Core Systems Cyberfraud/ID Theft Risk Management Customers Financial Research Feature Financial Trends Feature3.

Fraud 107

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Abrigo

JULY 27, 2023

Regtech is simply the use of technology such as AI, machine learning, natural language processing, and blockchain to improve the way businesses manage regulatory compliance. Consider what compliance and risk functions your organization would use as a starting point when integrating technology. Talk to a specialist to learn more.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Regtech is simply the use of technology such as AI, machine learning, natural language processing, and blockchain to improve the way businesses manage regulatory compliance. Consider what compliance and risk functions your organization would use as a starting point when integrating technology. Talk to a specialist to learn more.

Technology 195

Technology Fraud Compliance Regulation 195

Banking Exchange

APRIL 8, 2020

Fraudsters are posing as health officials or charity workers in order to cheat people into handing over money Risk Management Technology Customers People Mobile Online Cards Security Operational Risk Cyberfraud/ID Theft Compliance/Regulatory Feature3 Fintech Feature Financial Trends.

Risk Management 78

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PYMNTS

JANUARY 26, 2021

Signal is also looking to build up its privacy provisions by allowing users to create unique usernames, rather than being identified by their mobile phone number, Platformer reported. “It’s hard to be totally hypothetical.”. Diokno, Philippines’ Central Bank (BSP) governor in the release.

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ABA Community Banking

SEPTEMBER 24, 2015

Device loss, misuse of apps increasingly intense Risk Management Mobile Security Cyberfraud/ID Theft.

Security 40

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FICO

APRIL 3, 2019

TPRM stands for third-party risk management, and it’s an absolutely vital concept in cybersecurity. Today, nearly every vendor or partner you do business with poses a potential security threat to your business. The FICO® Cyber Risk Score is based on billions of cyber risk indicators that are monitored at Internet scale.

Mobile 58

Mobile Risk Management Regulation Security 58

CFPB Monitor

SEPTEMBER 8, 2022

He observed that “[d]igitalization has put a premium on online and mobile engagement, customer acquisitions, customization, big data, fraud detection, artificial intelligence, machine learning, and cloud management” and that “these activities require expertise and economies of scale that most banks do not have.”

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FICO

MAY 10, 2023

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. This is especially true for fraud and risk management as schemes become more complex. Here are four fundamental steps to get started.

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Fraud Management Customer Experience Analysis 52

PYMNTS

NOVEMBER 22, 2016

Consumers can expect to be presented with hundreds of potentially malicious mobile apps on one of the biggest shopping days of the holiday season. According to the research study, cybercriminals leverage five of the leading eCommerce brands to exploit consumers doing Black Friday shopping across mobile and web.

Mobile 100

Mobile Branding Risk Management Study 100

PYMNTS

MAY 27, 2020

Criminals making such attacks hope that FIs will fail to realize that contact center staff reports of suspicious callers should prompt closer monitoring of other channels, such as online and mobile banking. Around The FI Fraud Decisioning World. Otherwise, the fraud could continue unnoticed. FIs can also help in the fight against CNP fraud.

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PYMNTS

JUNE 4, 2020

The June AML/KYC Tracker ® explores these and other methods that financial services companies are adopting as they work to make their security efforts both faster and more accurate. FIs have long provided digital services, but many have designed these experiences for the customer demographics that most prefer online and mobile channels.

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NCR

NOVEMBER 11, 2016

The risk of human fallibility – The weakest link in mobile banking risk management might be the customer, according to global finance industry association Mobey Forum.

ATM 56

ATM Mobile Security Risk Management 56

PYMNTS

JULY 23, 2018

This one may be familiar: Wide receiver and cryptographer walk into a bar and … set the data security landscape on its ear. Neal himself had been hacked while in college and became interested in data security and technology. Keep the key untouchable, then the end result is enhanced security across any number of avenues.

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Dallas Security Data Company 134

PYMNTS

SEPTEMBER 14, 2018

FinTechs are gaining traction in cross-border payments, and solutions are proliferating in the space to help firms manage foreign exchange (FX) risk as they also seek speed and security across payments. Along with real-time conversions comes the need for real-time FX volatility management.

Payments 122

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PYMNTS

MAY 5, 2020

Mobile transactions have become the latest opportunity for fraudsters,” he said. The good news, Pangretic added, is that consumers and businesses are getting better at detecting fraudsters trying to ply their trade across mobile and online transactions. Interacting With The Cardmember.

Cards 197

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PYMNTS

NOVEMBER 6, 2020

She added that consumers increasingly live their lives tethered to mobile devices, and that those devices have become conduits for P2P payments. For instance, machine learning and other advanced technologies can boost fraud- and risk-management capabilities.

Payments 274

Payments Cards Fraud Retail 274

Banking Exchange

NOVEMBER 11, 2019

Allegation that the Apple Card provided husband a credit limit several times higher than his wife’s credit limit Payments Technology Risk Management Social Media People Customers Tech Management Mobile Online Cards Security Big Data Feature3 Fintech Feature.

Apple 60

Apple Cards social media Big Data 60

Banking Exchange

OCTOBER 14, 2019

Banks should not learn the wrong lessons, however Payments Technology Risk Management Financial Trends Cards Online Mobile Security Checks/Remote Deposit Capture Tech Management Operational Risk Compliance/Regulatory Cyberfraud/ID Theft Blockchain Fintech Feature Feature3.

cryptocurrency 60

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PYMNTS

FEBRUARY 27, 2019

Slovenia is due to see an instant payments platform launch from Bankart this month, while Malaysia has a new solution of its own, enabling instant credit transfers to bank accounts using details such as mobile phone numbers or national IDs. Deep Dive: Security in the Time of Faster Payments. Get the full story in the Tracker.

Nebraska 144

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PYMNTS

SEPTEMBER 29, 2017

But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance. Managing Risk. Managing liquidity and credit risk are definitely of main concern to FIs.

Fintech 141

Fintech Risk Management Compliance Management 141

PYMNTS

DECEMBER 2, 2019

Singtel Innov8, TMI (Telkomsel Indonesia), Cathay Innovation, Kejora-InterVest, Mirae Asset Securities, Reinventure and DST Partners also participated in the “oversubscribed” funding round — one of the largest for a FinTech startup in Southeast Asia.

Lending 131

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PYMNTS

JUNE 18, 2020

In other news, blockchain firm Binance has become a member of the Internet and Mobile Association of India’s (IAMAI) crypto-asset exchange committee, according to an announcement.

Bitcoin 141

Bitcoin blockchain Payments Risk Management 141

PYMNTS

OCTOBER 8, 2020

Risk management platform Feedzai announced a 44 percent increase in growth for the first half of the fiscal year for 2020, which a press release says was one of the company’s most successful so far. Comparing it favorably to the first half of 2019, Feedzai says it closed deals in the U.S., EMEA, Asia and the Pacific and Latin America.

Report 247

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PYMNTS

OCTOBER 29, 2019

Phase One will involve figuring out how to connect land registries to the blockchain in a secure way, as well as what technology to use. The end goal is to simplify the process of reestablishing proper land titles in Latin America countries, which can cost $50 million to $100 million per project. “We

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Bitcoin blockchain social media America 102

PYMNTS

SEPTEMBER 13, 2018

As FinTechs step into the cross-border payments and foreign exchange (FX) management space, there are more solutions available than ever before for corporates seeking to gain speed and security in payments – and manage risk along the way. Other areas of real-time processes include cash and liquidity management.

Payments 100

Payments Risk Management blockchain Management 100

Abrigo

JULY 25, 2023

ACH credit and debit transfers and mobile personal payment options like Venmo can take hours or days to settle between the sender and receiver’s accounts, even if information confirming transfer requests is conveyed more quickly. Lesson one. is that implementation will come over time. The FedNow Service is not mandatory.

Fraud 195

Fraud Payments Security Resources 195