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.

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Regulation Risk Management Compliance Fraud 221

Perficient

NOVEMBER 4, 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. The report recommended that the agency develop a sector-specific AI Risk Management Framework.

FDIC 170

FDIC Regulation Risk Management Compliance 170

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.

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Fraud Data Cards Software 158

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?

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Fraud Training Software social media 195

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. Takeaway 3 Modernizing AML/CFT programs with shared case management aligns with FinCEN's emphasis on innovation and streamlining processes.

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Management Fraud Software Compliance 195

Abrigo

SEPTEMBER 6, 2024

FinCEN's 2024 real estate and investment advisory rules FinCEN is tightening the reins on residential real estate money laundering and investor advisers. You might also like this webinar, "Tackling operational risks: Strategies for check fraud and ransomware prevention." Stay up to date on AML/CFT and fraud trends.

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Compliance Training Fraud Regulation 195

Abrigo

OCTOBER 17, 2023

More recently, the OCC identified change management as one of its supervision priorities for the year ahead. Kick-start change management processes at your financial institution.

Management 195

Management Lending Risk Management Strategy 195

American Banker

JUNE 21, 2024

Ross helped build your favorite company's favorite risk management solution — Fraud.net.

Fraud 68

Fraud Risk Management Management Company 68

FICO

JANUARY 8, 2020

Specifically: Cybersecurity risk awareness is on another expansion wave, as a best-practice component of third-party risk management (TPRM). At long last, fraud and compliance infrastructures are starting to converge. billion in 2024, at a CAGR of 15.9%. Fraud and Compliance Infrastructures Converge.

Compliance 52

Compliance Fraud New York City Analytics 52

FICO

JUNE 14, 2021

In this post, I’ll provide a quick overview of how BNPL works, and share my thoughts on how BNPL fraud can occur and where the financial liability lays. . of North American e-commerce payments by 2024, up from 1.6% Criminals will gravitate toward merchants that have less fraud protection to find the path with the least resistance.

Fraud 52

Fraud Cards Millennials Utah 52

Independent Banker

DECEMBER 31, 2022

From new fee practices to peer-to-peer fraud, keep an eye on what regulatory changes could be developing in the new year. An NPR is due in 2024 or before. Climate-related risk. Peer-to-peer fraud. Illustration by Monster Ztudio/Adobe. By Mary Thorson Wright. Data privacy. This area could evolve rapidly.

Compliance 100

Compliance FDIC Community Bank Community 100

Gonzobanker

DECEMBER 14, 2023

Expect more deals to be announced in 2024. The It’s Still No Fun to Work Here Award – goes to the “stagecoach” Wells Fargo , which now is dealing with unionization efforts from employees at certain branches and has set aside $1 billion+ for additional employee severance costs in 2024. and Summit Financial Group, Inc.

Fintech 192

Fintech Community Regional Technology 192

Fintech Labs Insights

AUGUST 22, 2024

Europe 2024 (London): Corsound AI: AI company advancing in sound recognition technologies, expanding market reach, receiving favorable industry reviews and increasing investment interest. Stratyfy: Raised $12M, decision intelligence technology gaining traction, particularly in risk management. SAVVI AI : Raised $5.6M

San Francisco 15

San Francisco New York San Jose Tools 15

Gonzobanker

DECEMBER 19, 2024

” Sam Cooke Gonzo Nation, 2024 went by so fast that nobody had a chance to stop and think about what in the world was going on. Fraud issues were highlighted by sophisticated breach and ransomware attacks. We humbly offer the 2024 GonzoBanker awards for your review. Theres no eliminating fraud.

Fraud 78

Fraud Fintech Marketing Industry 78

South State Correspondent

NOVEMBER 6, 2024

The conference is all about sales, partnerships, and deal-making, with 2024 being right at the baseline. Topics around identity, payments, card issuance/acquiring, leadership, and fraud were all more helpful than in years past. messaging format to improve the customer experience and limit fraud.

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South State Correspondent

DECEMBER 5, 2024

more next year than compared to 2024. According to a recent survey by Gartner, Revenue growth, margin improvement and better risk management are the top three functional objectives, in order, for next year. Improving treasury management services is a strategic imperative for many banks due to its sheer profitability.

Trends 195

Trends Technology Data Apple 195

FICO

JANUARY 5, 2023

While a final rule implementing section 1033 of the Dodd-Frank Act will not be issued until 2024, knowing that “rules of the road” are now on the way is sure to add more momentum to open banking initiatives. Meanwhile, the National Institute of Standard and Technology is expected to release its AI Risk Management Framework in 2023.

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Policies Company Regulation Risk Management 52