FICO

OCTOBER 26, 2017

This article is from Michael Blicker , a senior consultant in FICO's compliance solutions group. You would think one system would be enough to manage foreign tax compliance. In 2010 the IRS (Internal Revenue Service) started to define the details of FATCA (Foreign Account Tax Compliance Act). Here’s where the trouble started.

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Taxes Compliance Report US 53

PYMNTS

NOVEMBER 9, 2016

Doing that meant that Circle had to build out an AI-powered risk engine that allows it to make 90 percent of its risk and compliance decisions with machines rather than relying on compliance people. We definitely want to build out a broader suite of consumer financial payments.

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Payments blockchain User Experience Bitcoin 189

PYMNTS

JULY 27, 2020

It’s development that Movile has a front row seat for as a Brazil-based holding company that’s developed, as well as invested in, a host of Latin America tech-based startups in an attempt to build a regional digital ecosystem and a mobile commerce platform. There is definitely a chance to push the trend for all who are interested,” he said.

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Mobile America Regulation Regional 153

FICO

JANUARY 8, 2020

“ It’s like déjà vu all over again ,” is one of my favorite Yogi Berra-isms, and as I look across the domain spaces served by FICO to write my 2020 predictions, it’s definitely déjà vu all over again. At long last, fraud and compliance infrastructures are starting to converge. Fraud and Compliance Infrastructures Converge.

Compliance 52

Compliance Fraud New York City Analytics 52

Insights on Business

JULY 20, 2017

I wasn’t particularly inspired by the Wikipedia definition , so I’ll give you mine. Open banking is often mentioned in relationship to compliance with regulatory standards, but in reality, the regulators are only catching up with what is happening in the market. Other banks in the region tried to build alternative solutions.

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Fintech Mobile Examples Data 181

PYMNTS

APRIL 26, 2018

Many of the larger EU-based firms have been preparing for GDPR for years and have processes in place that anticipate the formal debut of GDPR and its compliance mandates. Thus, the compliance side, at least in financial services, may override the privacy side of the equation. When it comes to U.S.

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Regulation Data Compliance Examples 128

PYMNTS

MAY 24, 2018

Its effects will likely have far-reaching consequences, too, for both EU-based companies and those that operate outside the region. That might involve a meeting where the firm’s IT officials or owners are informed of their business’ non-compliance. Even with the deadline looming, many businesses are seemingly unprepared. In the U.S.,

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Gonzobanker

JULY 6, 2021

It has become crystal clear that digital transformation is now the largest technology initiative for regional and community financial institutions. But it is definitely time to make a strategic decision and move forward with a plan. As this article points out, a core system replacement may not be in the cards for every institution.

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Strategy System Risk Management Technology 158

Gonzobanker

MAY 17, 2022

For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. Community banks, regional players, and credit unions are all in the fight of their lifetime with the need to transform their business. Tech companies trying to support a bank stack have no easy task.

Technology 147

Technology Regional Community Bank Community 147

PYMNTS

JULY 17, 2018

At least, that is the narrative that most people in developed countries have internalized, said Derek Pak, regional head of Customer Fraud Management for Asia-Pacific at Mastercard , in a recent conversation with Karen Webster. Once cards became significantly harder to clone, fraudsters took their bag of bad tricks online. The Push For Scale.

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Cards Fraud Regional Training 109

Independent Banker

MARCH 15, 2015

Alternatively, ICBA also urged the CFPB to expand its “small creditor” and “rural” definitions. Two-thirds said they do not provide loans that fall outside the qualified mortgage definition or would do so only in special cases. Advocacy & Policy Industry Insight Regulation / Compliance Viewpoints Washington Watch'

Washington 70

Washington Community Bank Community Survey 70

Independent Banker

FEBRUARY 24, 2015

Alternatively, ICBA also urged the CFPB to expand its “small creditor” and “rural” definitions. Two-thirds said they do not provide loans that fall outside the qualified mortgage definition or would do so only in special cases. Advocacy & Policy Industry Insight Regulation / Compliance Viewpoints Washington Watch'

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Washington Community Bank Community Survey 70

PYMNTS

APRIL 30, 2018

similar regulations are already being put to the test in other regions around the world. Each EU member nation has a DPA in place to both monitor compliance and respond to potential violation complaints. The penalty for non-compliance is expected to be severe once the GDPR takes effect. The Need for Greater GDPR Compliance.

Data 119

Data Compliance social media Regulation 119

PYMNTS

FEBRUARY 13, 2017

For merchants, conducting cross-border trade often means following another nation’s local rules around payment acceptance, compliance, taxes and physical requirements and a host of other factors that vary between borders. Companies that are not in compliance with another nation’s trading rules can be in for a rude awakening.

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Compliance Taxes Operations Regulation 100

PYMNTS

NOVEMBER 1, 2017

DraftKings ’ chief international officer, Jeffrey Haas, recently spoke with PYMNTS about the challenges involved in introducing fantasy sports to new markets, and which sports generate the most interest in different global regions. With this international growth, Haas has noticed distinct regional fantasy sport preferences. “In

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Payments Regional Marketing America 102

PYMNTS

AUGUST 10, 2017

For example, we were the first in the Middle East region in 2006 to close the loop by sending back a text alert to the remitter that the beneficiary had collected the money. PM: As a CEO, just as important as the time you devote to business strategy, is the time spent on compliance and risk management.

How To 136

How To Risk Management Technology US 136

Gonzobanker

MARCH 23, 2018

regional banking market (i.e., Regional banks are looking to the foreign players for things domestic vendors aren’t delivering on—speed-to-market, lower costs, modern architecture and new capabilities. Regional banks want more clarity regarding the Blue Logo Gang’s: Core offering. roughly $10 billion to $50 billion asset range).

Regional 74

Regional Examples Marketing Compliance 74

Gonzobanker

AUGUST 15, 2024

A striking dynamic has occurred among regional and community banks over the past 10 years: their assets have grown much faster than their maturity. Every bank leader seems to hate governance, risk and compliance requirements and laments, “Why can’t we run the business without all this red tape?” 4: The GRC System Ugh!

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System Analytics Management Compliance 78

CFPB Monitor

DECEMBER 22, 2020

The final rule, which includes material differences from the FDIC’s proposal, becomes effective April 1, 2021, with full compliance extended until January 1, 2022. Accordingly, the definition of a “brokered deposit” turns on the definition of a “deposit broker.”. Key items in the final rule include: “Deposit broker” definition.

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FDIC Capital National Regulation 78

Social Assurance

MAY 22, 2020

Since CRA was enacted in 1977, financial institutions conduct a bevy of qualifying activities that vary from region to region, bank to bank. Today, it’s a common practice for deposits to come from regions where there aren’t any branches. Expanded Qualifying Activities for CRA Consideration. Key Takeaway.

Compliance 29

Compliance Regulation Community Guidelines 29

PYMNTS

AUGUST 29, 2018

As part of a continuing series on the digital transformation taking shape in the region, in an interview with Kevin Fox, executive vice president of NovoPayment , he stated that the trend is not a new one, but that it definitely has new twists.

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PYMNTS

JUNE 14, 2018

We’ve been assuring a compliance and regulatory framework in all these markets to be sure we have that bank relationship,” Massaro noted of Flywire’s many partnerships with huge global — and top local — banks worldwide. The UnionPay partnership certainly fits that definition. Our top partners are global banks.

Payments 108

Payments Cards National Marketing 108

PYMNTS

SEPTEMBER 22, 2017

The slowdown in new businesses being founded in the 1980s and 90s was largely quarantined to certain segments – especially retail, where corner stores and regional brands were falling to larger national chains. Better have a very full and robust compliance department and a perfect working knowledge of AML/YC regulations.

US 108

US Apple Innovation Regulation 108

NCR

AUGUST 18, 2017

A study by Business Insider Intelligence found that the most common reasons that financial services firms in the EMEA region are investing in blockchain is to create new business models or launch startups. Nearly four out of ten firms (37 percent) highlighted this as a reason for their interest in the technology.

blockchain 75

blockchain Technology cryptocurrency Study 75

CB Insights

AUGUST 3, 2017

Our analysis delves into companies that focus on the financial services industry, including commercial banking and credit offerings, insurance, asset management, accounting, business management, personal finance, and regulatory & compliance services. Track the LatAm fintech companies in this brief and many more on our platform.

Company 65

Company Fintech Comparison Marketing 65

CFPB Monitor

JUNE 25, 2020

The final rule is effective October 1, 2020 but sets mandatory compliance dates based on the applicable performance standards. Until compliance with the final rule, national banks and federal savings banks must comply with the OCC’s current rule. These banks conduct a majority of all CRA activity in the United States.

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CFPB Monitor

JUNE 15, 2020

Under the agency’s final rule, the same facts and circumstances will be evaluated in a similar manner regardless of the particular region or particular examiner. Therefore, the final rule does not include middle-income rental housing in high-cost areas components of the affordable housing criterion or the definition of high-cost area.

Community 60

Community FDIC Lending Examples 60

NCR

JULY 27, 2016

The immediate aftermath was both shocking and predictable: Markets took a massive hit in many regions, the British pound fell to its lowest point since the mid-’80s, and even the UK’s perch as the world’s fifth-largest economy looked precarious. But there will definitely be consequences, and it would be wise to be prepared.

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Social Assurance

JULY 10, 2020

Since the Community Reinvestment Act was enacted in 1977, financial institutions conduct a bevy of qualifying activities that vary from region to region, bank to bank. Today, it’s a common practice for deposits to come from regions where there aren’t any branches. Expanded Qualifying Activities for CRA Consideration.

Compliance 15

Compliance Regulation Community Guidelines 15

FICO

MARCH 11, 2020

Ensure everybody is on the same page with regards to definitions of fraud. Analytically identify fraud attacks by channel, region, and product in real-time. Define fraud across all first party fraud categories including uncleared effects, true name, intent never to pay, credit mule, employee collusion and synthetics.

Fraud 52

Fraud Industry Analytics Strategy 52

FICO

MAY 19, 2021

It’s important to start with your existing data within the collections and bad debt population, to create accurate first-party fraud definitions based on the industry or products you offer. Matt Cox is vice president and general manager of Europe, the Middle East and Africa for FICO, overseeing operations across the region.

Fraud 52

Fraud Groups Analytics Compliance 52

FICO

AUGUST 3, 2022

FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Convergence – Beyond Fraud and Financial Crime Compliance. There is definitely more to learn from FICO World 2022 as you enjoy the rest of the summer. Tue, 07/02/2019 - 02:45. by TJ Horan.

Fraud 52

Fraud Analytics Trends Innovation 52

FICO

APRIL 20, 2021

A significant minority say their identity has ‘definitely or probably’ been used by a criminal to fraudulently open at least one account - on average, 14% say this. Review our ebooks with regional findings: North America – Covering Canada and USA. People do need to be protected. Learn More. Check out our podcasts on www.FICO.FM.

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Survey eBook Mobile Regional 52

FICO

MAY 28, 2021

At a country or regional level, you can find out what the top trends for each were by downloading the e-books: North America – Covering Canada and USA. Each country surveyed is on its own path towards using digital means to open financial accounts, there was definitely variation, particularly between growth and established economies.

Survey 52

Survey Digital Banking Trends Comparison 52

FICO

AUGUST 16, 2019

Because it’s very difficult to detect first-party fraud, there is no standard definition of it. For example, when I reviewed the annual reports of several regional banks, with $125 billion to $375 billion in assets, gross charge-offs for credit cards ranged from $100 million to $200 million.

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Fraud Analytics Groups Management 40

CB Insights

MAY 8, 2018

While recreational drones are strictly prohibited in active forest fire regions, they have proved useful when operated by the appropriate teams. However, access to modern medicine has been rather difficult in many rural regions around the world. LTE vs. Wi-Fi) will be provided to which regions. Conservation.

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Exercises Technology Data Industry 78

FICO

MAY 18, 2020

For one of the largest regional debt purchasers, this equated to a 100% increase. Sme are looking at extending the 90 days past due definitions. Consider a change to the 90 DPD default definition so payments between 90 and 180 DPD are not effectively treated as “recoveries”.

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Regulation Operations Management Data 52