Abrigo

DECEMBER 30, 2019

Key Takeaways Using exam findings from 2019 can help strengthen your BSA program in 2020. The decade is quickly coming to an end, so as we put 2019 in our rear-view mirror, it’s time for a fresh start with the new year and new decade approaching. This is a must-have risk management concept. Learn more.

Training 195

Training Compliance Leadership Fraud 195

Abrigo

JANUARY 27, 2020

The National Credit Union Administration (NCUA) has been working on their share of goal setting, as they have released their 2020 supervisory priorities for credit unions, regulation updates, and the agency’s modernization programs. “We Strengthen credit risk by improving underwriting. BSA Rules and Regulation. Cannabis Banking.

Risk Management 195

Risk Management Regulation Management Report 195

FICO

SEPTEMBER 20, 2022

Fighting Fraud with Responsible AI: My Talk with Dr. Scott Zoldi. FICO fraud expert TJ Horan talks fraud management and responsible AI with FICO's Chief Analytics Officer, Dr. Scott Zoldi. Thu, 08/22/2019 - 12:37. How Does Responsible AI Fit into Fraud Operations? FICO Admin. by TJ Horan.

Fraud 52

Fraud Analytics Strategy System 52

FICO

DECEMBER 20, 2022

5 Ways Digital Payments Will Change FIs and Fraud in 2023. Tue, 07/02/2019 - 02:45. Vice President, Product Management. If FIs want to continue to tap into the BNPL market while stopping fraud , how they combine ease of use with visible security will be a big factor. FICO Admin. by TJ Horan. expand_less Back To Top.

Fraud 52

Fraud Payments South Carolina Compliance 52

Abrigo

DECEMBER 2, 2021

31, 2019, and June 3, 2021, according to the Community Banking in the 21st Century report. Spend Budget Surplus to Mitigate Risk. During the pandemic, fraud activity has increased, and fraudsters have found new ways to scam bank customers and credit union members. Fraud Prevention. Lending & Credit Risk.

Conference 195

Conference San Antonio Lending Fraud 195

Abrigo

SEPTEMBER 2, 2020

In Abrigo’s 2020 Business Lending Readiness Survey , conducted in late Q4 2019, community financial institutions revealed numerous ineffective, poorly automated areas within their banks or credit unions, including manual data entry, re-keying customer information numerous times, and using Excel spreadsheets to manage the borrower pipeline.

Lending 259

Lending Community San Antonio Survey 259

CFPB Monitor

APRIL 1, 2021

fraud detection and financial crime monitoring). Augmenting risk management and control practices. The agencies observe that the potential risks associated with using AI are not unique to AI, such as creating operational vulnerabilities and consumer protection risks (fair lending, UDAAP, privacy). Uses of AI.

Risk Management 78

Risk Management Training Lending FDIC 78

Abrigo

NOVEMBER 15, 2019

Regulators consider an effective loan review system vital for financial institutions’ efforts to meet safety and soundness standards. Effective credit risk review promotes lending agility. Demo: Improve Credit Quality with Sageworks Credit Risk Solution. Credit Risk. Fraud Prevention. Portfolio Risk & CECL.

System 150

System Lending Compliance Risk Management 150

Abrigo

SEPTEMBER 2, 2020

In Abrigo’s 2020 Business Lending Readiness Survey , conducted in late Q4 2019, community financial institutions revealed numerous ineffective, poorly automated areas within their banks or credit unions, including manual data entry, re-keying customer information numerous times, and using Excel spreadsheets to manage the borrower pipeline.

Lending 195

Lending Community San Antonio Survey 195

PYMNTS

OCTOBER 30, 2019

As of late 2019, there are few people left who need to be talked into the “why” of instant payments — that case has already been well made. Risk is always a concern when you are making a payment, when you aren’t face to face,” McFarland said. One, she pointed out, is that being slow doesn’t make a payment fraud-proof.

Payments 104

Payments Risk Management Security Fraud 104

FICO

NOVEMBER 15, 2022

Tue, 07/02/2019 - 02:45. Increased diligence is imperative, and as part of IMTF the Siron team will work to ensure customers have the most advanced technology possible to protect their business and meet changing regulations. FICO Admin. by TJ Horan. expand_less Back To Top. Tue, 11/15/2022 - 11:25. Read the news announcement.

South Carolina 52

South Carolina Compliance Analytics Software 52

Gonzobanker

DECEMBER 20, 2019

GonzoBankers, 2019 was a year of extremes. Third, read and enjoy the 2019 edition of the GonzoBanker Awards, our 18 th. Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank.

Idaho 148

Idaho Conference Data Marketing 148

FICO

DECEMBER 10, 2020

In light of the rapid changes we have seen in consumer spending during the pandemic , the contribution of additional data (such as on-time bill payment and of inflow/outflow of funds) will become ever-more important in fraud detection, risk management and marketing. by Scott Zoldi.

Analytics 98

Analytics Fraud Data Software 98

FICO

SEPTEMBER 29, 2022

Tue, 07/02/2019 - 05:23. It drives a ‘just-in-time’ mindset towards delivering greater security with real-time, fully risk-aware and pinpoint-perfect customer acquisition offers. FICO Platform also lends itself to joining informed, fully risk-aware acquisition decisions across the lifecycle and across multiple use cases.

Analytics 52

Analytics Data Risk Management Customer Experience 52

FICO

FEBRUARY 1, 2023

By the time they’re flagged as being at-risk it may be too late to avert the slide into delinquency. Regulators have been pressing for banks and lenders to ensure they’re working at the speed and scale of their market — or even faster. Matt joined FICO from Barclays where he was global director of Fraud.

Management 52

Management Fraud Strategy Analysis 52

FICO

NOVEMBER 7, 2022

Fighting Scams and Authorized Push Payment Fraud in the US. US regulators seem poised to update the status quo for bank liability for authorized user/authorized push payment fraud, but just how big is the potential? Tue, 07/02/2019 - 02:45. FICO Admin. by TJ Horan. expand_less Back To Top. Mon, 11/07/2022 - 09:50.

Fraud 52

Fraud US Payments South Carolina 52

FICO

NOVEMBER 1, 2022

Application Fraud – Does Canada Need a New Approach? FICO’s Fraud, Identity and Digital Banking Survey 2022 shows that customers in Canada want slick onboarding processes, where fraud controls work but don’t delay account opening. Tue, 07/02/2019 - 02:45. Processes that Balance Customer Experience and Fraud Protection.

Fraud 52

Fraud Survey Customer Experience Data 52

Cisco

JUNE 7, 2019

After decades of battling credit card fraud, retail banks face a new challenge: fraudulent account takeover. The rise in high-impact fraud. The Javelin 2019 Identity Fraud Report notes that, “While existing card fraud losses dropped from $8.1 New account fraud is on the rise, with cost estimates up to $3.4

Fraud 63

Fraud Retail San Diego Cyber Security 63

Cisco

JUNE 7, 2019

After decades of battling credit card fraud, retail banks face a new challenge: fraudulent account takeover. The rise in high-impact fraud. The Javelin 2019 Identity Fraud Report notes that, “While existing card fraud losses dropped from $8.1 New account fraud is on the rise, with cost estimates up to $3.4

Fraud 48

Fraud Retail San Diego Cyber Security 48

PYMNTS

JANUARY 20, 2020

It’s one of the things about his company that has most impressed Visa ’s Executive Vice President and Chief Risk Officer Paul Fabara, as he told Karen Webster in a recent conversation. Fabara officially joined Visa in September of 2019, coming from Amex, where he was president of its global services group.

Security 168

Security Fraud Risk Management Payments 168

FICO

MARCH 6, 2020

In September 2019, Fico and Visma announced their partnership to Offer SaaS Anti Financial Crime Solutions in Western Europe. FICO brings AI and advanced analytics to risk management, fraud detection, collections and much more. Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales.

Compliance 81

Compliance Technology Fraud Analytics 81

PYMNTS

DECEMBER 9, 2020

9) that 13 percent of illicitly-gained digital currency is sent through private wallets, up from 2 percent in 2019, the firm said in a blog post. “As In other news, cryptoasset analytics firm Elliptic reported Wednesday (Dec.

Bitcoin 168

Bitcoin Report cryptocurrency Analytics 168

PYMNTS

JANUARY 29, 2021

Wirecard, the global supplier of electronic payment and risk management services, collapsed in June owing creditors nearly $4 billion. Wirecard’s downward spiral brought attention to BaFin’s inability to detect the fraud despite many warnings. Suggestions that Hufeld should step down came to a head on Thursday (Jan.

Regulation 141

Regulation Leadership Risk Management Fraud 141

Abrigo

FEBRUARY 15, 2023

From a transaction-monitoring perspective, the risk and fraud departments should look for rapid transfers between accounts, money mule activity, and transactions with no reasonable explanation for action or source of funds. Fraud - Fraud is believed to be the largest generator of proceeds for criminals in the U.S.

Fraud 195

Fraud United States Training Trends 195

Gonzobanker

DECEMBER 14, 2023

The Bank Regulator Working for Merchants Award! Seems like maybe this has been forgotten when it comes to these regulations. The Lifelong Learning Award – goes to NCUA board member Rodney Hood for enrolling in a Wharton graduate program on fintech to be a more informed and effective regulator.

Fintech 192

Fintech Community Regional Technology 192

Abrigo

NOVEMBER 6, 2019

On October 18, 2019, the Financial Action Task Force (FATF) issued a publication updating its list of jurisdictions with anti-money laundering and combatting the financing of terrorism (AML/CFT) deficiencies. BSA Rules and Regulation. Fraud Prevention. Fraud Prevention. Fraud Prevention. Lending & Credit Risk.

Regulation 150

Regulation Training Compliance Fraud 150

CB Insights

OCTOBER 4, 2018

In the last year, Chinese regulators have clamped down on China’s burgeoning fintech sector. This summer, Reuters reported that in 5 years, tech services (including online risk management and fraud prevention for financial institutions) will make up 65% of Ant’s revenue, compared to 34% in 2017. Looking ahead.

US 78

US Fintech Mobile Regulation 78

Gonzobanker

DECEMBER 19, 2016

Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare. 100% self-service online account opening to protect against employee account opening fraud? Bank CIO: “Your transformation is scheduled to be completed in 2019, but we’d be converting in 2017. THE STINKIN’ FEDS AWARDS.

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare. 100% self-service online account opening to protect against employee account opening fraud? Bank CIO: “Your transformation is scheduled to be completed in 2019, but we’d be converting in 2017. THE STINKIN’ FEDS AWARDS.

Utah 60

Utah System Community Marketing 60

FICO

JANUARY 5, 2023

Open banking, BNPL, cybersecurity and AI will all be under the microscope for regulators and policymakers, but not all areas will see major action in 2023. Tue, 07/02/2019 - 02:45. regulators take a major step in addressing the emerging open banking landscape. Policy Predictions for Financial Services Companies. FICO Admin.

Policies 52

Policies Company Regulation Risk Management 52