Perficient

OCTOBER 24, 2024

The economic risks of AI to the financial systems include everything from the potential for consumer and institutional fraud to algorithmic discrimination and AI-enabled cybersecurity risks. On June 6, 2024, the Office of the Comptroller of the Currency (“OCC”) Acting Chairman, Michael J.

Regulation 221

Regulation Risk Management Compliance Fraud 221

Abrigo

DECEMBER 10, 2024

Education, collaboration, and advanced fraud detection software can help prevent it. The increasing threat of elder fraud On December 4, 2024, FinCEN, along with the supervisory agencies, issued a s tatement on e lder f inancial e xploitatio n, or elder fraud. Get details What is elder financial exploitation?

Fraud 195

Fraud Training Software social media 195

Abrigo

MARCH 18, 2025

Payment system types, trends, and fraud risks Understanding how payment systems function, the different types in use, and the associated risks is critical for financial institutions to be able to balance innovation with security. Need short-term fraud or AML staffing relief? Zelle said in 2024 it processed 3.6

System 195

System Payments Fraud Regulation 195

Perficient

OCTOBER 28, 2024

The economic risks of AI to the financial systems include everything from the potential for consumer and institutional fraud to algorithmic discrimination and AI-enabled cybersecurity risks. Fraud screening.

Regulation 221

Regulation Fraud Tools Compliance 221

Abrigo

FEBRUARY 6, 2025

Unfortunately, scammers take advantage of this time to exploit vulnerable individuals through confidence scams, one of the most prevalent and costly types of fraud in the U.S. billion of reported losses due to this type of fraud in 2023 and around 40,000 victims in the United States. Staying on top of fraud is a full-time job.

Fraud 221

Fraud social media Software Video 221

Perficient

NOVEMBER 19, 2024

The economic risks of AI to the financial systems include everything from the potential for consumer and institutional fraud to algorithmic discrimination and AI-enabled cybersecurity risks. On April 19, 2024, the Japanese government published new “AI Guidelines for Business Version 1.0” (the “Guidelines”).

Regulation 221

Regulation Guidelines System Compliance 221

Abrigo

JUNE 4, 2024

Conclusion Takeaways from ThinkBIG 2024 Financial institutions can navigate the complexities of the current economic landscape while maintaining strong customer relationships by investing in community engagement, compliance as a value-add, technological integration, and understanding generational shifts. Learn more at abrigo.com/thinkbig.

Compliance 221

Compliance Community Community Bank Conference 221

Perficient

JUNE 19, 2024

Our risk and regulatory compliance experts, Carl Aridas and Chandni Patel, have just returned from XLoD 2024 in New York. The event brought together the world’s top financial institutions and regulators to discuss the future of non-financial risk and control.

Exercises 221

Exercises Compliance Risk Management Video 221

Abrigo

JANUARY 30, 2024

The ThinkBIG 2024 conference is June 3-6 in Phoenix, Arizona, and with 99% of last year’s attendees saying they would recommend the conference to others, Abrigo expects another large crowd. The 2024 ThinkBIG conference offers two conference tracks along with larger general sessions that will set financial institutions up for success.

Conference 195

Conference Arizona Phoenix Fraud 195

PYMNTS

DECEMBER 31, 2020

Debit card issuers face an ever-growing array of fraud schemes perpetrated against them and their account holders. Effective card offerings require financial institutions (FIs) to quickly and accurately detect myriad forms of fraud, forcing them into a delicate balancing act. The Face of Fraud.

Fraud 273

Fraud Strategy Security Cards 273

Abrigo

JANUARY 22, 2024

6 Steps t o mitigate fraud risk tied to new products Your AML and fraud teams' input is key when it comes to offering new bank products. You might also like this infographic, "Beyond immediate fraud losses: How the costs and impacts of fraud snowball." download NOW Takeaway 1 Fraud losses totaled $485.6

Fraud 221

Fraud Risk Management Training Software 221

Perficient

FEBRUARY 29, 2024

This blog was co-authored by Perficient’s Chief Strategist and banking expert: Scott Albahary A slowing global economy, coupled with a divergent economic landscape, poses challenges for the banking industry in 2024. Fraud Detection Banks are increasingly turning to AI-powered solutions to effectively detect and prevent fraudulent activities.

Trends 221

Trends Industry Analytics Compliance 221

Abrigo

FEBRUARY 6, 2024

4 Reasons better check fraud prevention is a good investment Check fraud is on the rise. Learn how you can save time and money in the long run by updating check fraud prevention capabilities today. At the same time, check fraud is increasing dramatically. At the same time, check fraud is increasing dramatically.

Fraud 221

Fraud Training Trends Regional 221

PYMNTS

AUGUST 21, 2020

billion by 2024. ATMs are common avenues for fraud, however, especially those that are running outdated software. These machines can be vulnerable to fraud, however, ranging from physical techniques like card skimmers to digital methods like identity theft. Deep Dive: Keeping Digital-First Banking Secure With AI, Biometrics.

Analytics 266

Analytics Fraud ATM Report 266

Abrigo

MARCH 8, 2024

Bank wire fraud is growing and becoming more complex. Takeaway 1 Bank w ire transfer fraud is increasing due to technological advances today. Takeaway 2 Transnational criminal organizations commit b ank wire transfer fraud and use a variety of techniques to make Americans their victims. Investment scams were #1, with over $4.6

Fraud 195

Fraud Technology Trends Training 195

BankInovation

JANUARY 30, 2024

In 2024, financial institutions can look to even more developments in AI, robotic process automation (RPA), fraud detection and data sharing technologies to set themselves up for digital success, technology platform […]

Fraud 121

Fraud Data Analytics Innovation 121

Abrigo

FEBRUARY 22, 2024

Check fraud prevention is at the forefront for financial institutions Banks and credit unions report that check fraud is impacting their institution more than any other threat. You might also like this upcoming webinar on Homeland Security fraud investigations. These conditions can increase the likelihood of all types of fraud.

Fraud 195

Fraud Trends Training Maine 195

Alex Jimenez

DECEMBER 17, 2024

2024 proved to be a year where banking and fintech continued to mesh into a single industry. Beyond call centers, GenAI has applications in fraud detection, personalized customer service, and operational efficiency. Throughout the year, I wrote several articles that examined several facets of what is going on in the industry.

Fintech 52

Fintech Trends Innovation Technology 52

Abrigo

FEBRUARY 8, 2024

Client fraud education to prevent banking losses Financial institutions play a crucial role in safeguarding customers and members from fraud. Fraud education is key. You might also like this infographic: 5 Fraud typologies impacting you and your customers or members. DOWNLOAD Takeaway 1 U.S.

Fraud 195

Fraud Resources social media Software 195

Gonzobanker

JUNE 6, 2024

Add these action items to your card fraud checklist to strengthen your defenses. The hacker group ShinyHunters allegedly breached Ticketmaster’s data in late May 2024, including credit and debit card information for over 560 million consumers worldwide. Check fraud is up 171% year over year based on a recent Actimize study.

Fraud 160

Fraud Data Cards Software 160

PYMNTS

JANUARY 24, 2020

Merchants have to participate in eCommerce if they want to maintain relevancy in today’s economy, but their engagement in online transactions also exposes them to new forms of fraud. And in digital fraud, phishing poses a unique threat to businesses. All this, Today in Data.

Fraud 141

Fraud Analysis Data blockchain 141

Abrigo

FEBRUARY 6, 2025

Abrigos new fraud detection software for banks and credit unions finds more fraud faster. billion year-over-year in 2024, totaling $31.4 Optimize the hard work of your fraud and AML staff with help from Abrigo's consultants. But what about lending? billion in annual revenue. The cannabis industry is evolving quickly.

Lending 195

Lending Compliance Community Software 195

Perficient

FEBRUARY 12, 2025

Additionally, AIs capacity for real-time transaction monitoring and fraud prevention will help companies stay ahead of evolving regulatory demands. Advanced analytics and AI integration are becoming essential for improving transaction success rates, fraud detection, and overall business intelligence.

Trends 221

Trends Payments Compliance blockchain 221

Abrigo

JANUARY 3, 2024

1, 2024, many companies must begin reporting information about who ultimately owns or controls them to a federal beneficial ownership registry. 1, 2024, many companies are required to begin reporting to the U.S. 1, 2024, have one year (i.e., 1, 2024) of the BOI Reporting Rule. Effective Jan. Department of Treasury 2.

Fraud 221

Fraud Regulation Report Compliance 221

Jeff For Banks

MARCH 3, 2025

consumers now consider digital banking capabilities essential (Latinia, 2024)while operational pressures require us to do more with less. McKinsey predicts AI could unlock $340 billion in banking value through automation (McKinsey, 2024). WiFiTalents projects AI could boost engagement by 300% (WiFiTalents, 2024).

Community Bank 74

Community Bank Community Minnesota Security 74

BankInovation

FEBRUARY 8, 2024

Industrywide, financial institutions are seeing an uptick in synthetic identities, scam activity and check fraud even as digital channel adoption grows. In fact, check fraud is expected to reach $24 billion in 2024, according to a Jan. As consumers lean into […]

Fraud 74

Fraud America Security 74

Jack Henry

AUGUST 20, 2024

The Jack Henry™ 2024 Strategy Benchmark highlights the latest risk, fraud, and security trends that can impact your financial institution over the next two years.

Fraud 97

Fraud Management Trends Strategy 97

Abrigo

OCTOBER 30, 2024

In fact, a key finding from Gartner’s 2024 Banker’s Guide to AML Tools for Productivity is that “raising the productivity for your AML workforce by just a few percentage points, within the case management capability, will likely outweigh all the additional license and usage costs paid to the new AML vendor.” Centralize compliance efforts.

Compliance 221

Compliance Training System Management 221

The Paypers

OCTOBER 8, 2024

Chargebacks911's 2024 Field Report has revealed a significant rise in friendly fraud and CNP disputes, urging retailers to adopt advanced strategies to combat losses.

Fraud 69

Fraud Report Strategy Retail 69

PYMNTS

MARCH 3, 2020

Dating websites and apps in the Netherlands have had a spate of this type of fraud in recent years, with victims handing over $4.1 Online dating is lousy with, well, louses, as we learn from the February 2020 Digital Fraud Tracker® , a DataVisor collaboration. The market for anti-fraud software “… was valued at USD 13.59

Fraud 134

Fraud Google Online Training 134

Gonzobanker

MARCH 28, 2024

2024 will prove to be a remarkably busy year in the digital space, when many financial institutions will make near-life-or-death choices about the future of their digital platforms and how they will support them. Get ahead of the game and resolve to make 2024 the institution’s true Year of Digital. Follow Josh on LinkedIn.

Customer Experience 128

Customer Experience Digital Banking Strategy Exercises 128

Abrigo

SEPTEMBER 25, 2024

Banks have issued 59,833 approved 7(a) loans so far in fiscal 2024, up 53% from 2020. Responding to fraud and compliance challenges While E-Tran enables SBA loan submissions, lenders must remain vigilant against potential fraud and ensure compliance with both SBA and federal regulations. Credit unions only make 2.4%.

Lending 379

Lending St. Louis Fraud Software 379

Abrigo

FEBRUARY 10, 2023

Effective January 1, 2024, the rule establishes definitions for reporting provisions of the FinCEN beneficial owner database. Reporting companies created or registered after January 1, 2024, will have 30 days after receiving notice of their creation or registration to file their initial BOI reports. January 1, 2024).

Fraud 195

Fraud Training Regulation Compliance 195

Abrigo

AUGUST 5, 2024

The basics of counterfeit check detection for banks and credit unions Check fraud is surging and technology advances aren't helping. The ABA Banking Journal reports that check fraud could reach a staggering $24 billion in losses in the U.S. this year, making up 60% of all attempted fraud.

How To 195

How To Fraud Training Software 195

American Banker

SEPTEMBER 30, 2024

In September's roundup of top banking news: Check fraud goes viral at JPMorgan Chase, Truist Financial resets its tangible common equity target, Wells Fargo faces new AML woes and more.

Fraud 83

Fraud Industry Compliance Regulation 83

Jack Henry

JUNE 7, 2024

Explore top insights from Jack Henry's 2024 Strategy Benchmark. Dive into key findings on financial benchmarks such as technology trends, metrics, & more.

Strategy 97

Strategy Trends Technology Analysis 97

Abrigo

SEPTEMBER 30, 2024

Streamline fraud and AML efforts Financial institutions that combine fraud and AML/CFT alerts into a single transaction monitoring system can strengthen defenses and improve efficiency. One critical shift is the integration of fraud and AML/CFT alerts through shared AML case management systems.

Management 195

Management Fraud Software Compliance 195