PYMNTS

FEBRUARY 28, 2020

Credit unions possess vast troves of personal information such as credit card data and Social Security numbers that could devastate members if leaked. At least two local CUs — First Choice Federal Credit Union and Inspired Federal Credit Union — even filed class-action lawsuits against Wawa for not adhering to best security practices.

Data 131

Data California Security Pennsylvania 131

PYMNTS

SEPTEMBER 29, 2017

According to Marc Beaulande, executive director of Login SA, a Profile company , and operator of treasury management solution AcumenNet , the pressure is on for financial institutions to upgrade their treasury management strategies. Managing liquidity and credit risk are definitely of main concern to FIs.

Fintech 141

Fintech Risk Management Compliance Management 141

Independent Banker

MAY 31, 2022

“We have absolutely seen a rise in fraud of all types in recent months and years,” says Scottie Luke, senior vice president and chief risk officer for the community bank’s risk management department. The bank works hard to prevent attacks with many defensive layers of security. Secure your telecommunications.

Community Bank 134

Community Bank Community Fraud Texas 134

PYMNTS

MAY 2, 2016

In his position as Vice President of Global Risk Management for TNS , Umer Ayub understands this reality firsthand. PYMNTS: What does a day in the life of a chief risk officer look like? At TNS, this includes managing compliance with regulatory requirements, such as PCI standards, card scheme rules and SSAE16 reports.

Risk Management 100

Risk Management Compliance Management Meeting 100

PYMNTS

JULY 20, 2017

Digital Shadows , the industry leader in digital risk management, revealed its findings on the changing habits and tactics of organized credit card fraud gangs, discovering a new trend in the form of remote learning “schools.”. In just two of the most popular ‘carding’ forums, 1.2

Study 124

Study Online Course Cards 124

CFPB Monitor

APRIL 25, 2022

The January 2021 Operating Agreement . The preliminary approval had requirements, including that Anchorage enter into an Operating Agreement with the OCC. Under the Operating Agreement, Anchorage needed to, amongst other things, implement a written BSA/AML and Office of Foreign Assets Control (“OFAC”) compliance program.

Compliance 78

Compliance Digital Banking Training South Dakota 78

Abrigo

DECEMBER 5, 2016

Demand for effective cyber risk management is so strong that the AICPA is developing common criteria for CPAs to use as they help clients evaluate their programs and efforts. I know a lot of people do not take security awareness seriously, but for Sageworks, the No. Develop a security awareness program.

Cyber Security 150

Cyber Security Security Software Meeting 150

FICO

AUGUST 28, 2018

Aspen operates at a non-admitted basis for cyber–and we do have the secret sauce!” We do see real value to our methodology, which is differentiated for a number of reasons including our use of the FICO Enterprise Security Score. he laughed. “We Banks and financial institutions are highly targeted, for example.

Security 53

Security Policies Industry Michigan 53

Abrigo

APRIL 1, 2015

Lynn McKenzie and Edmund Green of KMPG recently contributed an article to Bank Director on how boards can challenge their banks’ management on risk. If the bank isn’t required to maintain a risk committee (under $10 billion in assets), is there an appropriate degree of focus and attention on risk management?

Risk Management 150

Risk Management Community Bank Regulation Boston 150

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

Insights on Business

FEBRUARY 13, 2019

Given the advancement in technology and dynamic business scenarios, firms have started to look at technology to get more insightful, efficient and faster since traditional mechanisms of effective risk management and regulatory compliance are fast becoming outdated. Engaging and empowering the first line of defense in the 3LOD model.

User Experience 79

User Experience Compliance Risk Management Training 79

PYMNTS

JUNE 10, 2016

“What we’re seeing is that [FIs] are putting in place a more rigorous process to make sure suppliers that are onboarded also have very strict and rigorous risk management protocols in place,” Cotter said. Whereas, for a lot of FIs, risk management has definitely become a board-level issue.”

Management 100

Management Risk Management Software Analytics 100

PYMNTS

MAY 23, 2017

In this edition of the PYMNTS’ Commander in Chief Series , Western Union President Odilon Almeida shares a day in the life as leader of one of the largest global person-to-person money transfer networks, what smartphones have done for the payments space and why security and compliance are always key in a game where the rules are changing every day.

Innovation 190

Innovation Payments Compliance Risk Management 190

Gonzobanker

JULY 8, 2022

The operational world of cash, checks, deposit slips, passbooks, and teller terminals used to dominate bank tech budgets. They need to have skilled resources that can manage all of the institution’s technologies, including a chief technology officer who owns and manages the infrastructure, networks, and lines of business applications.

Resources 146

Resources Leadership Technology Management 146

Bobsguide

FEBRUARY 22, 2022

Through focused, innovative products, services, and a redefined operating model, BDB has been stimulating and driving entrepreneurial activity in the country. Furthering the government’s vision of moving operations and infrastructure to the cloud, BDB wanted to host the entire core banking platform on a public cloud.

Innovation 78

Innovation Customer Experience Strategy Operations 78

Abrigo

MAY 5, 2022

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. Using Data to Acquire, Engage, and Retain Banking Customers,” and “Customer Identity: Balancing Security and Seamless Banking Experiences.”

Community 195

Community Lending Maine Resources 195

PYMNTS

SEPTEMBER 14, 2016

million in 2009, before new and more sophisticated security measures took effect. That’s the topic of a recent whitepaper by ACI, which advocates that being “immediate” also means adopting a proactive, enterprise mindset towards fraud prevention and a willingness to invest across a number of fronts, from monitoring tools to staff training.

Fraud 100

Fraud Payments Customer Experience Exercises 100

Tomorrow's Transactions

JUNE 9, 2020

In 2020, some businesses with a strong digital presence have shown resilience by shifting all their operations online and moving to full-on remote working, adapting to a period of indefinite social distancing. Many employers would not have considered such a move previously, citing security and lack of productivity as potential hurdles.

Resources 82

Resources Risk Management Operations Regulation 82

FICO

JUNE 12, 2019

Demand for cyber risk quantification (CRQ) solutions is coming from insurers – keen to assess the risk in counterparties’ infrastructure – and more general financial services firms, which want to assess the risk in the systems they rely on for their operations.”. Focused on risk quantification.

Analysis 40

Analysis Risk Management Security Training 40

Abrigo

JANUARY 22, 2024

Takeaway 2 Examiners' focus is on risk management related to products and services , especially those involving complex technologies like AI. Historically, the operational functions of fraud and AML/CFT have remained wholly or partially siloed. download NOW Takeaway 1 Fraud losses totaled $485.6 billion globally last year.

Fraud 221

Fraud Training Risk Management Software 221

Independent Banker

DECEMBER 13, 2015

Previewing an easier-to-use format of the FFIEC’s IT security assessment. Bad news: In its original form, it’s awkward to use—and may become part of those dreaded IT security exams. Risk levels have a five-point range. Understand your bank’s IT network and its operations,” says Hamilton. How is it secured?

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

Previewing an easier-to-use format of the FFIEC’s IT security assessment. Bad news: In its original form, it’s awkward to use—and may become part of those dreaded IT security exams. Risk levels have a five-point range. Understand your bank’s IT network and its operations,” says Hamilton. How is it secured?

Tools 70

Tools Community Community Bank Security 70

Abrigo

APRIL 22, 2024

The piece covers: The small business lending market and its role in communities and the economy Traditional depository institutions’ changing market share in small business lending The challenges (financial and operational) of small business lending for banks, credit unions, and borrowers. A majority of applicants sought less than $100,000.

Lending 243

Lending St. Louis Community Marketing 243

Jack Henry

APRIL 30, 2014

One such attack by the group Unlimited Operations was able to net over $40 million. Distributed Denial-of-Service (DDoS) Cyber-Attacks and Risk Mitigation. The FDIC encourages subscribing to these various groups to ensure that you receive regular security alerts, tips, and other updates. FBI InfraGard. Regional Coalitions.

Fraud 88

Fraud Cyber Security ATM FDIC 88

FluentBanking

APRIL 18, 2020

Mission IBB would develop a professionally sound human resource base, through continuous education, training and orientation process, for the financial sector to face the challenges of the modern era in the backdrop of the new global economic order.

Regulation 52

Regulation Case Study Security Management 52

Gonzobanker

DECEMBER 22, 2020

By creating secure and productive remote work environments for employees and helping their teams deal with the stress of working at home (with kids learning from the same house, spouses working in the next room, and myriad other pressure points). And, by the way, without missing a beat.

Idaho 181

Idaho Community Industry Strategy 181

Abrigo

MAY 8, 2024

Seeing generative AI use cases can help bankers, risk managers, and financial crime professionals better understand it. They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience.

Examples 195

Examples Fraud Resources Risk Management 195

Jeff For Banks

JULY 8, 2017

trillion in Agency mortgage backed securities. And some good ideas have been presented, including job training and increased education for those whose skills may not match available job openings. Physical security costs ramped up over the past 15 years; just ask the airlines and Homeland Security. Patience, they say!!

Marketing 60

Marketing Community Bank Security Data 60

Fintech Labs Insights

JUNE 18, 2015

As a payments platform, WePay conducts business in a battlefield of daily security concerns. We recently caught up with John Canfield, VP of Risk for WePay, to chat about how he combats fraud. And we bring to bear tools to help our people do their risk assessment work. 2) A merchant account platform, Connect.

Security 12

Security Payments San Jose Fraud 12

South State Correspondent

MARCH 15, 2023

While we wrote about the root cause of the failure of Silicon Valley Bank (SVB) HERE , the lessons of the current banking crisis go beyond interest rate risk management. While interest rate risk caused the most significant impact on value, several other factors contributed to the terminality of each bank that was closed.

social media 195

social media FDIC Branding Management 195

Abrigo

DECEMBER 22, 2023

Takeaway 3 Updates on cannabis banking legislation and tips for board training best practices were among the most-read blogs. Abrigo, a leading technology provider of software solutions for financial institutions, published more than 30 risk management articles on its industry-focused blog in 2023.

Fraud 221

Fraud Training Compliance Trends 221

Abrigo

NOVEMBER 22, 2021

Takeaway 1 Risk tied to consumer lending compliance has been elevated as a result of the pandemic and associated operating challenges. Consumer lending compliance — like other aspects of enterprise risk management at financial institutions — saw a huge impact from the COVID-19 pandemic. Pandemic Issues.

Compliance 195

Compliance Lending Risk Management Regulation 195

Lex Sokolin

DECEMBER 25, 2019

Other things like Compound are essentially a securities lending marketplace?—?you Having interest rates native to the crypto economy is very helpful, but we are still shy of lending based on actual underwriting and off-chain risk. operated, or maybe audited and controlled, by the US government. That is to say?—?governments

blockchain 52

blockchain Bitcoin Software Lending 52

PYMNTS

OCTOBER 14, 2019

On top of geopolitical factors, there are a slew of risks facing supply chains from many angles, as Resilinc Co-founder Sumit Vakil recently told PYMNTS. “Now, we’re getting to a point where computers are able to train AI systems to understand human cognition, and take action accordingly,” he explained. ”

Data 134

Data Innovation Analysis Risk Management 134

PYMNTS

MAY 1, 2019

In an interview with PYMNTS’ Karen Webster, Rajat Taneja, EVP of technology and operations at Visa , helped separate AI hype from AI reality, laying out what actually goes into the nuts and bolts of building an AI-powered platform. It’s about a network, it’s about security – and it’s about application architecture.

Data 210

Data Technology Operations Examples 210

PYMNTS

OCTOBER 29, 2018

However, according to Marques, his company’s new product, Feedzai Genome , operates on a simple concept. The idea behind Feedzai Genome is to offer those executives — or, perhaps more accurately, their security- and IT-focused employees — a visual picture or graph of the larger fraud ecosystem. Human Role.

Fraud 199

Fraud Technology Data Risk Management 199

Abrigo

MARCH 24, 2021

Meanwhile, businesses that flourished in the pandemic may look to expand operations. We’re not as in the dark about what’s happening, such as what it will cost to operate senior housing post-COVID-19. Examine user adoption and if necessary, arrange for additional training for staff. Lending & Credit Risk. Learn More.

Lending 221

Lending Technology Survey Examples 221