PYMNTS

MAY 4, 2020

Advances in technology are making consumer transactions seemingly more secure, but cybercriminals are still finding sophisticated ways to beat systems and commit financial fraud. A 2018 study on payment fraud mitigation reported that 75 percent of financial institutions (FIs) experienced fraud losses.

Analytics 141

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PYMNTS

DECEMBER 2, 2020

P97 Networks and Cybersource, Visa ’s international payment and fraud management platform, have unveiled a new multi-year international partnership to provide mobile payment acceptance tools that come with integrated risk management for fuel and convenience merchants, according to a Wednesday (Dec.

Payments 205

Payments Risk Management Fraud Mobile 205

Celent Banking

MAY 20, 2016

Celent profiles two award-winning banks who have modelled excellence in their use of risk management technologies across their banks. Left to right, Martin Pilecky, CIO Alfa-Bank; Gary McAlum, SVP Enterprise Security Group USAA; Joan McGowan, Senior Analyst Celent). USAA: SECURITY SELFIE, NATIVE FINGERPRINT, AND VOICE SIGNATURE.

Security 113

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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.”. And these criminals are going after a potentially lucrative market.

Study 124

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PYMNTS

NOVEMBER 15, 2018

Opus, the provider of global compliance and risk management solutions, announced Thursday (Nov. In a press release announcing the results of the survey of more than 1,000 CISOs and other security and risk professionals across the U.S. Opus said that in the U.S., Opus said that in the U.S.,

Data 195

Data Risk Management Resources Survey 195

PYMNTS

OCTOBER 1, 2020

The addition of Verifi’s technology to Visa’s risk management solutions will introduce greater collaboration and insights to help resolve disputes quickly.” . The new tech tools, Visa said, will be integrated with the rest of its risk management services, including those delivered by CardinalCommerce and CyberSource. .

Fraud 183

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ABA Community Banking

MARCH 29, 2018

Picks Boston Consulting Group to produce research Payments Risk Management Online Security.

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South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. As such, the National Security Agency (NSA ) is calling for banks to be compliant by 2030.

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South State Correspondent

MARCH 19, 2024

The Importance of Cross-selling and Upselling Studies conducted on banking relationships find that the most profitable commercial clients at banks buy more than one product at those banks, and there is a strong positive correlation between profitability and number of products sold and the bank’s size of customer wallet.

Community Bank 195

Community Bank Community Industry Cards 195

PYMNTS

JUNE 4, 2018

According to a study by Fortune , over 80 percent of Fortune 500 CEOs see the technology as very or extremely important to their company’s future. If data is the oil that powers the digital economy, artificial intelligence is the refinery,” said Ajay Bhalla, chief security solutions officer at Mastercard.

Fraud 121

Fraud Risk Management Security Resources 121

PYMNTS

OCTOBER 16, 2019

A majority of FIs plan to invest more in financial crime compliance than fraud risk management, though 43 percent reported no integration between fraud and financial risk compliance. And yet, per that same study, 30 percent rate at least one of their AML components as being either “not at all” or only “somewhat” effective.

Compliance 123

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PYMNTS

NOVEMBER 20, 2019

By offering owners contactless cards, “we help our credit unions achieve top-of-wallet status” as tap-to-pay adoption continues to rise, said Jeremiah Lotz, managing vice president of digital experience and payment products at PSCU. billion transactions annually offering payment processing, risk management, digital banking and more.

Cards 117

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Abrigo

FEBRUARY 15, 2023

Financial institutions can mitigate these risks with strong information security protocols, including clear policies and cybercrime education training for every employee. A coordinated approach between the institution’s risk and information security departments is essential to an effective cybercrime prevention program.

Fraud 195

Fraud United States Training Policies 195

FICO

AUGUST 28, 2018

Scoring Cyber Risk: No Standardized Underwriting Processes. Sasha, who has deeply studied cyber insurance pricing and risk, added, “I’ve had many conversations about which factors go into pricing, what the properties are and how they are weighted. Scoring Cyber Risk: An Insurer’s Point of View. he laughed. “We

Security 53

Security Policies Industry Michigan 53

PYMNTS

APRIL 7, 2016

TSYS will bring its risk management solutions that enable cardholders to monitor their accounts and prevent fraudulent activity with real-time access to communication options, including push notifications, SMS text messaging, voice messages and email. Consumer Payment Study , 60 percent of cardholders in the U.K.

Risk Management 100

Risk Management Study Fraud Survey 100

Abrigo

JUNE 15, 2023

Credit: Brian Koppel, Reel to Real Filming Locations blog According to a Global Financial Integrity (GFI) study , an estimated $2.3 national security and the integrity of the U.S. In the Netflix series, Ozark, Ruth Langmore purchased a hotel to launder drug money. billion was laundered between 2015 and 2020 through the U.S.

Training 195

Training Regulation Compliance System 195

FICO

NOVEMBER 21, 2022

FICO is honored to be recognized for excellence in risk management and compliance and would like to congratulate all the winners for their best-in-class contributions across the risk management space. Darryl Knopp.

Report 52

Report Risk Management Compliance Analytics 52

Tomorrow's Transactions

JUNE 24, 2016

The most obvious manifestation of this, as I’ve written before, is that when I am asked for identification (in order to get into a building in America, for example) I can present documents that the security guard cannot conceivably verify or validate (e.g., This is, as is often remarked, security theatre not security.

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PYMNTS

JUNE 4, 2020

NEW REPORT: FinTech’s Role In Keeping Open Banking Secure. As a result, many financial institutions (FIs) are reluctant to offer application programming interface (APIs) until FinTechs can prove that their integrations won’t introduce new risk, says Andrew Davies, vice president of financial crime risk management at Fiserv.

Las Vegas 130

Las Vegas Payments Fintech Risk Management 130

PYMNTS

SEPTEMBER 26, 2019

But in the case of a new machine-learning technique written up in a study published in the journal Radiology , the phrase is intended quite literally. But when talking about risk and risk management in the payments game, Webster and Jha noted, the picture is actually a lot wider.

Fraud 158

Fraud System Tools Data 158

TrustBank

JULY 3, 2020

Absolute return, or risk management strategies, whose returns are independent of traditional stocks and bonds, continued to lower portfolio volatility. Washington Trust Bank believes that the information used in this study was obtained from reliable sources, but we do not guarantee its accuracy.

Marketing 98

Marketing Washington Strategy Risk Management 98

Abrigo

OCTOBER 29, 2014

As a result, these institutions’ allowance for loan and lease losses ( ALLL ) have also been in decline over the study period. • Board risk parameters, adequacy of staffing, succession planning and audit. As a result, the OCC will focus on: • Identification, measurement, monitoring and control of interest risk rate.

Rhode Island 236

Rhode Island District of Columbia West Virginia New Jersey 236

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

Data 91

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PYMNTS

OCTOBER 29, 2018

However, retailers, financial institutions (FIs) and payment services providers are increasingly turning to machine learning, artificial and augmented intelligence, risk management software and the algorithms that power them to gain early warning of potential fraud attacks and identify the source of those criminal activities.

Fraud 199

Fraud Technology Data Risk Management 199

PYMNTS

DECEMBER 4, 2017

This time of year has been no different for these seven startups, all of which have launched new products and features, fielded new investor funding, upped the security ante and, in the spirit of the holidays, generally worked toward payments peace on Earth. Weeks and hours whirl away, and there always seems to be something going on.

Payments 112

Payments Risk Management Data Branding 112

Abrigo

JULY 21, 2021

Participate in learning opportunities as often as possible to stay informed about emerging trends, red flags, and case studies. For example, a joint report is issued annually by the FBI, the Secretary of Homeland Security, and the Director of National Intelligence that assesses domestic terrorism and related data.

Training 195

Training National Strategy Regulation 195

Perficient

MAY 17, 2022

And if all this wasn’t enough to keep a credit risk manager from sleeping well at night, consider this: A recent Consumer Reports study found that auto loan portfolios may be riskier than previously thought. In 2021, subprime delinquency rates hit the highest mark since 2009. What can a Lender do?

Strategy 294

Strategy Customer Experience Study Technology 294

TrustBank

APRIL 1, 2020

Absolute return, or our risk management strategies, helped to reduce the decline in portfolios. Equity market neutral was down 5.2%, global macro was down 6.4%, and managed futures produced a positive 3.3% All along the curve, yields declined more than one percentage point from their already low levels.

Marketing 78

Marketing Washington Risk Management Strategy 78

Independent Banker

OCTOBER 14, 2014

In fact, the FFIEC even released guidance in December 2013 on social media, entitled “Social Media: Consumer Compliance Risk Management Guidance.” Section IV, Risk Areas, is helpful in evaluating risk and ensuring social media activity complies with regulations. It is no wonder banks are joining in. Following the tweets.

social media 88

social media Risk Management Compliance Community Bank 88

PYMNTS

APRIL 27, 2016

Of course, adopting new technology also means taking on a whole new set of risks. Following this ideology, Ziolkowski incorporated 3D Secure technology as the organization’s fraud prevention tool. 3D Secure’s greatest asset or value is also its biggest secret. According to the study, Amtrak saw a 2.4

Training 100

Training Fraud Security Tools 100

PYMNTS

JULY 25, 2017

In recent studies, as noted by EKN Research and Radial, developed nations are seeing an increase in card not present (CNP) fraud, which now accounts for as much as 70 percent of all card fraud and is growing at double-digit percentage rates in some nations. . the year before. Phishing follows close behind at 66 percent.

Fraud 120

Fraud Retail Cards National 120

PYMNTS

NOVEMBER 22, 2016

Digital risk management company RiskIQ released its Black Friday eCommerce Blacklist , which identified that one in 10 Black Friday-specific apps out of the 5,315 total that can be found searching “Black Friday” in global app stores is malicious. Black Friday isn’t just delivering on the deals this year.

Mobile 100

Mobile Branding Risk Management Study 100

PYMNTS

SEPTEMBER 26, 2016

The driving force behind the growth in non-cash payments, according to Capgemini, is due in part to strong economic growth in key developing countries, as well as increased security measures and government initiatives to engender electronic payments in certain markets. The mini-bonds are for private company shares.

Report 100

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BankUnderground

APRIL 8, 2021

We have more understanding of the relationship between windstorm and coastal flooding but less so for the relationship with inland flood, a risk that is expected to change its patterns under a changing climate. Are they material enough to impact insurers’ capitalisation or risk management framework?

Capital 83

Capital Study Risk Management Analysis 83

BankUnderground

JUNE 25, 2020

They maintain data centres in these hubs in order to store and process it in a consistent and secure way, and have it analysed by specialist teams. The UK is a leading hub for data centres (eg see case study on p.15 Moreover, we think that restrictions on cross-border data flows may pose particular risks to the financial sector.

Data 110

Data Big Data Regulation Risk Management 110

Celent Banking

APRIL 18, 2016

Security, Fraud, and Risk Management. As always, we published a series of reports with detailed case studies of all winning initiatives. CIBC, Canada. HBL (Habib Bank), Pakistan. Alfa-Bank, Russia. Legacy Transformation. Sberbank, Russia. Umpqua Bank, US. Vietnam Bank For Social Policies, Vietnam. Model Bank of the Year.

US 100

US Case Study Risk Management America 100

Abrigo

MARCH 29, 2017

A study by the Global Public Policy Committee, “Enhancing Auditor Professional Skepticism,” found that common judgment tendencies in auditors act to weaken skepticism and lead to bias. According to a 2014 report by Cornerstone Research, allegations of accounting fraud surged 47 percent in securities class actions lawsuits in 2013.

Analytics 150

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