FICO

JULY 21, 2020

As my colleague TJ Horan says in his post , the worlds of fraud and compliance are moving closer together. The objectives of the fraud department are different from those of the compliance team and traditionally they have come at the thorny issue of accurately identifying and understanding their customers from different angles.

Compliance 52

Compliance Fraud Customer Experience Meeting 52

PYMNTS

SEPTEMBER 20, 2019

Further, its digital identity feature tokenizes identities on either end of the transaction to ensure security and regulatory compliance. Visa B2B Connect also moves data with the messages about the payment, a departure from traditional options in which payments and transaction data often move independently from one another.

Payments 206

Payments Strategy Technology National 206

PYMNTS

MAY 29, 2019

“We’ve had 10 years of enormous regulation,” UBS Group Chief Compliance and Governance Officer Markus Ronner said, according to the report. “That has tied up enormous resources.”

Regulation 108

Regulation Compliance Capital Resources 108

PYMNTS

NOVEMBER 30, 2017

The German financial institution (FI) recently released a white paper urging banks and account servicing payment service providers (ASPSPs) to implement PSD2-related changes and reforms within their institution. It acknowledges several hurdles FIs continue to face in that effort. Proper Preparation.

Guidelines 109

Guidelines Regulation Data Compliance 109

Insights on Business

FEBRUARY 11, 2019

These regulatory and legal restrictions and public cloud deployment reluctance are especially true for the financial industry and, probably more so, within the financial crimes and compliance space, where highly-sensitive, entity-related information is stored and continuously examined in highly-regulated processes.

Compliance 87

Compliance Security Big Data Analytics 87

PYMNTS

OCTOBER 25, 2019

Marketplace facilitator laws have been particularly murky, as many are written in broad terms that have complicated compliance for eCommerce platforms, according to Rachelle Bernstein, vice president of government relations and tax counsel for the National Retail Federation (NRF), a Washington, D.C. The Path to Change .

Taxes 100

Taxes South Dakota Policies Compliance 100

PYMNTS

JULY 11, 2019

The main buzz surrounded the cryptocurrency itself, but the Libra white paper also held a pair of sentences that painted Facebook’s intentions in a new light: “An additional goal of the association is to develop and promote an open identity standard.

cryptocurrency 124

cryptocurrency Regulation Security CA 124

PYMNTS

SEPTEMBER 19, 2017

Artificial intelligence and machine learning are particularly interesting, with their ability to enhance data and analytics capabilities for customer services, compliance and client onboarding and payment processes and fraud detection services, among others.

Innovation 108

Innovation Survey blockchain Lending 108

FICO

NOVEMBER 24, 2020

According to multiple sources, including the US Department of Justice and a recent white paper from the US Federal Reserve , synthetic identity fraud is now among the fastest growing forms of identity fraud. Synthetic Identity Fraud Is a Growing Problem. by Sarah Rutherford.

Fraud 98

Fraud Data US Groups 98

CFPB Monitor

APRIL 18, 2019

In May 2018, the CFPB issued an RFI and white paper on small business lending. Other symposia topics will include behavioral law and economics, small business loan data collection, disparate impact and the Equal Credit Opportunity Act, cost-benefit analysis, and consumer authorized financial data sharing.

Policies 68

Policies Analysis Compliance Lending 68

Jeff For Banks

SEPTEMBER 29, 2012

Can the bank be cited for a compliance violation? Alas, some bankers may communicate with customers without full knowledge about regulatory compliance issues. Additionally, every bank marketing and compliance officer should work together to create a written policy that answers all the “fear” questions to management’s satisfaction.

social media 65

social media Compliance Guidelines Groups 65

PYMNTS

MAY 17, 2017

Its white paper, “ Powering up the value of commercial cards for your bank and your clients ,” underwritten by PayTech analysts, examines how banks can boost ROI on their commercial cards while heightening value for end users. “This may suggest compliance issues.”

Cards 108

Cards Analysis Data Industry 108

CFPB Monitor

APRIL 7, 2020

Examples given of operational areas that could be impacted by employees working remotely and create compliance and reputational risks included call centers and customer service, collections, dispute investigation, loss mitigation, fraud investigation/ID monitoring, and compliance monitoring.

Massachusetts 78

Massachusetts Compliance Regulation Operations 78

PYMNTS

JULY 25, 2017

Now, says a new white paper from Aquiire, businesses are again taking a page from consumers’ books on accelerating the speed of processes, from accessing information to making a purchase, with expectations for “in the now” extending into the workplace.

Comparison 100

Comparison Compliance Management Analytics 100

FICO

SEPTEMBER 12, 2019

A new independent survey by research firm Ovum has found that banks in multiple regions plan to integrate their fraud and financial crime compliance systems and activities in response to new criminal threats and punishing fines — but not all at the same speed. said TJ Horan, vice president of fraud solutions at FICO. “UK South Africa.

Fraud 49

Fraud Management eBook Compliance 49

CFPB Monitor

JANUARY 12, 2017

The press release announcing the survey also includes links to “ consumer debt collection stories ” and a new white paper on online debt sales. wrong amount, do not owe, different family member), failing to abide by call-time limitations, excessive contact, and default judgment rates in debt collection litigation.

Survey 60

Survey National Leadership Compliance 60

PYMNTS

JANUARY 27, 2017

Neufund outlined its mission in a white paper it recently published on its website, along with a video detailing how its fund will function and operate. In all instances, cybersecurity is an essential element for financial and other institutions implementing blockchain technology.

blockchain 100

blockchain Meeting Security Capital 100

PYMNTS

JANUARY 24, 2018

A 2015 white paper from Intel highlighted the importance of monitoring SaaS activity to prevent cloud-based solutions from becoming a cyber threat on the enterprise. “The gap between the spend that IT is aware of, and the spend that it isn’t, is where software is going unmanaged,” he said.

Software 110

Software Tools Security Management 110

Insights on Business

DECEMBER 15, 2015

Risk management, compliance and security : incorporating enterprise risk management is already a key concern and it will only grow more important. Analytics : applying predictive analytics based on big data and cognitive computing, in particular, will enable banks to deepen and scale workforce capabilities.

Risk Management 120

Risk Management Analytics Big Data Leadership 120

PYMNTS

MARCH 1, 2017

Currencycloud’s latest white paper, Global Payments: How FinTech Partners Are Helping Banks Transform, lays out the complexities that banks face in trying to keep up with the rapid pace of globalization and how partnerships with FinTechs may be an alternative path to success.

Payments 100

Payments System Fintech Regulation 100

CFPB Monitor

SEPTEMBER 30, 2022

The letter was accompanied by a white paper setting forth the legal basis for their position. . The trade groups have appealed from the district court’s final judgment granting the CFPB’s summary judgment motion and staying the compliance date for the payment provisions.

Groups 78

Groups Texas Regulation Compliance 78

Insights on Business

JULY 30, 2019

Organizations that wait to adapt to these capabilities however may find themselves lagging in competitive capabilities and regulatory compliance. Explore these ideas in more depth in the IBM white paper A new era of technology-enabled financial risk management.

Risk Management 70

Risk Management Analytics Technology Management 70

Jeff For Banks

JUNE 20, 2017

And let's not forget about the thousands of employees that work for regulatory bodies, compliance personnel in banks, and consultants that help them comply. They have to find out later, after a bureaucrat in Washington does a white paper. The banking system is stable, which is critical to national and state economies.

Data 60

Data FDIC Regulation Washington 60

FICO

JULY 31, 2019

Fraud management and AML compliance are both about tackling financial crime, but often they are managed by different teams, each with their own processes and technology. On the surface there are clearly reasons why the fraud and AML compliance departments should work together. The likely benefits of convergence. by Sarah Rutherford.

Fraud 40

Fraud Compliance Study Management 40

CFPB Monitor

APRIL 29, 2015

The section also includes a list of “best practices of financial institutions with well-developed fair lending compliance systems.” The CFPB states that in 2014, it identified mortgage lending and auto finance as key priorities for fair lending supervision and enforcement. ”).

Lending 60

Lending Report Policies Compliance 60

FICO

SEPTEMBER 12, 2018

For more information on this topic, see our white paper on Advancing AML Compliance with Artificial Intelligence. In both cases, machine learning techniques can be used to identify outliers that require further investigation.

Video 45

Video Fraud Risk Management Management 45

FICO

AUGUST 1, 2018

The acquirer has incorporated a broad array of new automated functions, for example, additional compliance features such as know your customer (KYC) and bank account (DDA) verification and wrapping into a highly innovative business model of underwriting as a service (UaaS). Follow me on Twitter @ScottZoldi. appeared first on FICO.

Management 58

Management DC Examples Customer Experience 58

FICO

JUNE 22, 2017

In our artificial intelligence (AI) spotlight this week, we highlight FICO’s AML Threat Score tool, which uses AI to help financial compliance analysts detect money laundering or terrorist financing activities. For more information, see our white paper on Advancing AML Compliance with Artificial Intelligence.

Tools 55

Tools Compliance Innovation social media 55

CFPB Monitor

DECEMBER 7, 2015

It concludes by saying that “[t]he information and documents accompanying this report should help auto dealers, finance companies, and consumers better understand the Bureau’s flawed approach to indirect auto financing and compliance with [the] ECOA.”

Report 60

Report Policies Lending Analytics 60

FICO

NOVEMBER 22, 2017

These processes go through rigorous scrutiny to ascertain that banks are in compliance with the regulators guidance around monitoring practice. You can find a PDF of my presentation here , or download our white paper on the application of AI to AML. The audience were quite enthused by the technologies that I described.

Analytics 78

Analytics Training System Regulation 78

FICO

SEPTEMBER 19, 2018

For more information on this topic, see our white paper on Advancing AML Compliance with Artificial Intelligence. In both cases, machine learning techniques can be used to identify outliers that require further investigation.

Video 40

Video Fraud Risk Management Management 40

American Banker

JUNE 4, 2024

A recent white paper from former Federal Reserve Gov. Daniel Tarullo suggests that the stress testing regime should be decoupled from bank capital requirements. But if stress testing isn't an effective means of assigning minimum regulatory capital levels, what is?

Capital 28

Capital Policies Compliance Regulation 28

FICO

OCTOBER 28, 2018

I have written three white papers that describe in more detail how the FICO ® Falcon ® Platform uses fraud analytics, specifically AI and machine learning, to address the open banking revolution. Download our white paper: 5 Keys to Using AI and Machine Learning in Fraud Detection. Learn More. by Krzysztof Nalborski.

Analytics 52

Analytics Fraud Big Data Data 52

American Banker

MAY 4, 2016

The Treasury Department will release a white paper next week outlining “research and recommendations” related to marketplace lending as a capstone to its nearly yearlong inquiry into the fast-growing industry.

Lending 28

Lending Industry Compliance Regulation 28

Insights on Business

DECEMBER 15, 2015

Risk management, compliance and security : incorporating enterprise risk management is already a key concern and it will only grow more important. Analytics : applying predictive analytics based on big data and cognitive computing, in particular, will enable banks to deepen and scale workforce capabilities.

Risk Management 70

Risk Management Analytics Big Data Leadership 70

ForwardBanker

JUNE 7, 2016

The Office of Comptroller of the Currency (OCC) initiated a working group in 2015 to begin to assess the evolution of technology and innovation in financial services, resulting in publication of a white paper at end of Q1, and requested industry comments on strategic questions. The dialog will continue later this month, at an OCC.

Innovation 28

Innovation Groups Industry Technology 28

CFPB Monitor

FEBRUARY 8, 2021

Cordray referenced an April 2020 white paper he co-authored that outlined immediate actions the CFPB could take to address the pandemic.) Chopra “his own person” and expects him to take the CFPB in new directions. He expects Mr. Chopra to vigorously pursue ways for the CFPB to support consumers financially injured by the pandemic.

Leadership 78

Leadership Lending Groups Policies 78