Remove Compliance Remove Financial Technology Remove Fraud
article thumbnail

FinCEN Director Talks Digital Identity And Fraud Protection

PYMNTS

These are attempts, and, often because of diligent work by bank compliance officers, do not represent actual losses. financial system have had some information about themselves … compromised at some point.”. There are also a lot of illegal activities involved with wire, credit card and automated clearing house (ACH) fraud. “By

Fraud 178
article thumbnail

AML Compliance Controls Can Be Costly

PYMNTS

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies. The Cost of Compliance. Mobile, online and phone channels all have distinct fraud challenges and customer needs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Top banking podcasts you should be listening to

Abrigo

Fraud Talk Stay up to date Podcasts for bankers and credit union execs, staff Below is a list of 10 banking podcasts, in no particular order, that discuss current events, strategic and policy issues, competition, digitalization advice, and more. Ahead of the Curve: A Banker’s Podcast 5. Bank Slate Convos 6. With Flying Colors 7.

Fraud 221
article thumbnail

OCC Considers Artificial Intelligence an Emerging Risk in Banking

Perficient

This mitigates the risk of customer service representatives providing incorrect information and ensures compliance with regulatory disclosures, ultimately enhancing the overall customer experience while reducing costs. Contact our experts today if you are interested in learning more about up-and-coming news in financial services.

article thumbnail

Mastercard: Collaboration Is Key To Scaling Real-Time Payments

PYMNTS

.” Another major barrier to adoption is the concern of real-time payments fraud , a threat for both service providers and corporate users. “There is less time to apply traditional fraud techniques,” said Shultz. “There is less time to apply traditional fraud techniques,” said Shultz.

Payments 287
article thumbnail

Top Corporate Treasurers Already Switching FIs To Gain FinTech Tools

PYMNTS

Researchers announced East & Partners’ new report, “Financial Technology and the Corporate,” on Monday (Nov. A new report by business banking market research and analysis firm East & Partners suggests corporations aren’t opposed to changing banks as a direct result of new FinTech solutions businesses want to use.

Tools 179
article thumbnail

How Cannabis Can Become A B2B Payments Innovation Influencer

PYMNTS

Speaking with PYMNTS, Muller highlighted the opportunity that the cannabis space has to adopt payments and other financial technologies that have leapfrogged over legacy solutions. Muller explained that the technology augments existing rails like eCheck and ACH to enhance data capture and transmission to complete a transaction. .”