Abrigo

AUGUST 13, 2024

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

Fraud Community Community Bank Lending 221

PYMNTS

JULY 7, 2020

On Monday, Wirecard executive Oliver Bellenhaus, 46, was arrested in Munich for his alleged central role in the massive worldwide fraud case enveloping the company. The 51-year-old executive faces charges of accounting fraud and market manipulation designed to artificially inflate the financial technology company’s balance sheet.

Fraud 191

Fraud Financial Technology Meeting Report 191

Bank Innovation

APRIL 8, 2019

Riskified, an Israeli startup that provides anti-fraud services for online transactions, is seeking to raise as much as $200 million, according to people familiar with the company’s plans.

Fraud 150

Fraud Financial Technology Online Technology 150

PYMNTS

JUNE 26, 2020

Mastercard and Visa are considering ending their agreements with Wirecard to process payments on their networks as the German financial technology company’s accounting scandal unravels, Bloomberg reported. billion that may not exist.

Risk Management 254

Risk Management Fraud System Report 254

The Paypers

SEPTEMBER 16, 2024

Galileo Financial Technologies has launched GIVE and the Transaction Risk GScore providing fintechs, banks, and businesses with solutions to combat fraud.

Fraud 68

Fraud Financial Technology Fintech Technology 68

PYMNTS

JANUARY 25, 2019

Get ready for even more fake grandchildren when it comes to payments fraud. Treasury Department tell the main story: Banks in 2018 reported 24,454 suspected instances of elder financial abuse. Treasury stats are a reminder of the role that seniors play both in banking and as targets of fraud. Fresh statistics from the U.S.

Fraud 187

Fraud Connecticut Online Report 187

Perficient

DECEMBER 22, 2023

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. While recognizing the potential benefits AI offers to both consumers and banks, the OCC remains vigilant about associated risks.

Risk Management 221

Risk Management Compliance Fraud Operations 221

PYMNTS

NOVEMBER 6, 2020

He succeeds Anne Lawlor , who served as Trulioo's chief financial officer for eight years and is retiring. Trulioo President and CEO Steve Munford said in the release that Ramsden's "expertise in building out financial technology infrastructure and optimizing financial performance will help guide us on a continual growth trajectory.".

Software 150

Software Leadership Analysis Financial Technology 150

PYMNTS

JULY 27, 2020

While the Federal Trade Commission plays a role in identifying card fraud, the industry relies, in part, on self-regulation, especially outside the U.S. Processors can go rogue and engage in fraudulent activity, either through willful blindness or by aiding and abetting fraud,” he said. billion went missing from two Philippines banks.

Report 151

Report Fraud Cards Financial Technology 151

PYMNTS

DECEMBER 24, 2020

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Jeremy Allaire , CEO of financial technology firm Circle , told PYMNTS that digital currencies are ready to transition from speculation to become more broadly adopted in everyday commerce. . Keeping An Eye On Fraud.

Bitcoin 258

Bitcoin cryptocurrency Course Boston 258

PYMNTS

JANUARY 17, 2020

In today’s top news, China’s economy grew by its slowest rate since 1990, Alphabet reached $1 trillion market value, and attempted check fraud spiked 43 percent. Attempted Check Fraud Spiked 43 Pct. Check fraud has spiked from $8.5 billion in 2018 and makes up 60 percent of all attempted fraud against U.S. In Two Years.

Marketing 130

Marketing Fraud Payments Apple 130

PYMNTS

APRIL 1, 2020

In the March Credit Union Tracker® , PYMNTS analyzes the latest developments in the CU space, such as how they are tackling fraud protection challenges in a growing online banking ecosystem. percent reporting in the PYMNTS Credit Union Innovation Index that they would switch financial institutions (FIs) due to a lack of innovation.

United States 181

United States Innovation Online Tools 181

PYMNTS

JANUARY 9, 2019

While financial services (FinServ) innovations often emerge with built-in security measures, new market trends — including faster payments and open banking — are introducing new security threats to corporate treasury departments, according to cybersecurity company BioCatch. In the case of Same Day ACH in the U.S.,

Payments 141

Payments Fraud Security Data 141

PYMNTS

NOVEMBER 14, 2017

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

Tools Fintech Survey Analysis 179

PYMNTS

JANUARY 20, 2021

Manual invoicing is your worst enemy,” said Ramachandran, highlighting its risks and challenges related to fraud, errors and inefficient auditing. Among the largest is the ongoing use of paper and manual workflows like invoice processing.

Data 314

Data Strategy System Operations 314

The Paypers

JULY 24, 2024

Galileo Financial Technologies has announced the launch of Galileo 3D Secure (3DS) Access Control Server (ACS) to help clients against cars-not-present (CNP).

Financial Technology 36

Financial Technology Technology Security Fraud 36

PYMNTS

JULY 17, 2020

As the one-time darling of Europe’s financial technology (FinTech) community faces insolvency with the debt of nearly $4 billion, some lenders said there are few buyers willing to pay cents or euros on the debt. Among those sounding the alarm about Wirecard’s potential fraud and money laundering activity have been investors, U.S.

Fraud 150

Fraud Community Groups Regulation 150

PYMNTS

OCTOBER 16, 2019

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. According to a KPMG study , 63 percent of financial institutions use transaction monitoring based on rules and machine learning.

Compliance 123

Compliance Fraud Study Digital Banking 123

PYMNTS

JUNE 23, 2020

In today’s top news, former Wirecard CEO Markus Braun was arrested Monday night over the firm’s recent accounting fraud scandal, and Airbnb’s CEO is again mulling a potential initial public offering (IPO). Plus, Amazon’s Big Style Sale runs this week. Wirecard’s Former CEO Markus Braun Arrested.

Payments 159

Payments Survey Innovation Fraud 159

PYMNTS

JULY 29, 2019

At the time the transaction was announced, the companies said users would benefit from a “highly complementary combination” that offers a range of payments and financial services, spanning account processing and digital banking, integrated payments and the Clover POS system, among other products and services.

Data 185

Data Leadership Taxes System 185

PYMNTS

JUNE 30, 2020

PSCU has transformed its business model and evolved from a transactional processor and reseller of a platform partner’s products to an integrated, value-add financial technology solution provider, and we look forward to delivering the benefits of this scale to Primax clients,” he said, according to the press release.

Cards 130

Cards Financial Technology Analytics Operations 130

PYMNTS

JULY 12, 2020

Once a rising star on the world stage, the $28 billion financial technology giant declared insolvency last month, the equivalent of a bankruptcy filing in the U.S.; billion went missing from two Philippines banks that Ernst & Young said was the result of a sophisticated global fraud.

Fraud 156

Fraud Financial Technology National Report 156

FICO

JULY 9, 2021

In general, the latest software solutions are expensive and in many cases beyond the reach of organizations of this size, which is where a technology partner can help. These solutions provide great benefits once an account has been originated, however they lack effective tools for the acquisition stage of the lifecycle.

Financial Technology 52

Financial Technology Technology Software Analytics 52

PYMNTS

JUNE 1, 2020

In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, banking and financial technology discussed one sure bet: “Digital optional” is no option as we move toward contactless commerce. So, there is a balance that needs to be struck.”.

Payments 172

Payments Fraud Security Technology 172

PYMNTS

OCTOBER 22, 2020

A major provider of financial technology to banks, Mitek Systems said its digital identity verification software will now incorporate near-field communication (NFC) technology as well. Mitek, a top developer of digital identity verification and mobile check deposit technology, announced on Thursday (Oct.

Technology 134

Technology Comparison Security Customer Experience 134

PYMNTS

MAY 22, 2019

Wirecard, the global digital financial technology company, announced on Wednesday (May 22) that it has partnered with India’s government-owned UTI Infrastructure Technology and Services Limited (UTIITSL) to facilitate the issuing of physical and digital taxpayer identification cards.

Cards 122

Cards Taxes Fraud Technology 122

PYMNTS

SEPTEMBER 27, 2019

House Committee on Financial Services Task Force on Financial Technology held a hearing Thursday (Sept. That means supporting access to the system for financial institutions of all sizes along with other licensed financial service providers, as well as prioritizing fraud mitigation and security to keep costs low.

Payments 174

Payments Kansas City Community Bank Community 174

PYMNTS

FEBRUARY 25, 2019

As fraudsters get more brazen and inventive in the digital information ecosystem, many companies are realizing they can’t thwart these bad actors on their own, and must instead turn to new partnerships in their fight against fraud. The goal of the partnership is to make it easier for device makers to incorporate biometric experiences.

Wyoming 134

Wyoming Idaho Maryland Colorado 134

Insights on Business

DECEMBER 27, 2017

On the back end, banks are processing structured and unstructured data and turning that into actionable intelligence for customer acquisition and retention, while using the same data for modernized fraud prevention and detection. Mobile and peer-to-peer payments are not new for 2017. However, with convenience still there is risk involved.

Fintech 129

Fintech blockchain Fraud United States 129

PYMNTS

MAY 28, 2019

Indonesian ride-hailing and online payment company GO-JEK , for instance, is expanding its financial technology services through partnerships with peer-to-peer (P2P) lending firms Dana Cita, Aktivaku and Findaya. billion – of funds were lost to card fraud in 2018, up from $1.4 Just under $3 billion – or $2.7 billion in 2017.

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

JULY 15, 2020

Once the darling of Germany’s financial technology sector valued at $28 billion, the high-profile Wirecard filed for insolvency last month. It reported nearly $4 billion of debt to creditors, after it revealed that $2.1 billion went missing from two Philippines banks. billion went missing from two Philippines banks.

Regulation 141

Regulation Guidelines Groups Report 141

PYMNTS

JANUARY 26, 2017

This year, disruption by financial technology firms might well be joined by regulatory uncertainty, which could be more disruptive than either regulatory or deregulatory certainty.”. Still, cybercrimes like wire fraud and the business email compromise scam will remain prevalent in the industry. B2B Payments Outlook.

Innovation 100

Innovation Payments Regulation Fraud 100

PYMNTS

AUGUST 9, 2018

In October, Elan – along with Ondot Systems , the leading provider of mobile-based card services – enhanced the My Mobile Money app so that it now offers two-way fraud alerts for Elan-processed debit cards. Bank and Elan hadn’t responded by the time the story was published.

US 113

US Payments ATM Fraud 113

PYMNTS

OCTOBER 11, 2019

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 to launder approximately $2 trillion annually.

Strategy 123

Strategy Innovation Security Fraud 123

PYMNTS

JULY 10, 2020

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.

Innovation 210

Innovation Payments Tools Compliance 210

PYMNTS

AUGUST 28, 2019

Financial technology has made enormous strides in recent years, though it has been largely used only by institutions that can afford it. Securing Their Customers From Fraud. An added benefit of CCCU’s data analytic-driven approach is that it also helps fight fraud.

Analytics 115

Analytics San Diego Data Fraud 115

PYMNTS

MARCH 16, 2018

Established in June 2015 , the Secure Payments Task Force has engaged more than 200 financial institutions, consumer groups, payment service providers, financial technology firms, merchants, government agencies and others interested in payment security improvement efforts.

Security 100

Security Payments Boston Fraud 100