PYMNTS

NOVEMBER 3, 2020

Lingering economic uncertainty and growing fraud rates in multiple markets are prompting consumers to sharpen their focus on privacy and security. Outlining which banks, FinTechs and third-party firms can collect, store and share key personal information is a core foundation of the open banking rules that affect the U.K. and the EU.

Study 192

Study Data Regulation Digital Banking 192

PYMNTS

JULY 16, 2020

In a surprise win for privacy advocates, the European Court of Justice has ruled companies will face restrictions on storing information about European Union (EU) residents on U.S. s surveillance practices should put an end to storing personal information about Europeans, The Journal reported. servers, The Wall Street Journal reported.

Data 212

Data US Regional Resources 212

PYMNTS

NOVEMBER 8, 2020

According to the release, Ripple chose DIFC for its “innovative regulations, expansive network and reputation as a leading global financial centre,” according to the release, with the two companies “aligned” in their visions for the future. Tyler Winklevoss, the co-founder of crypto exchange Gemini, said recently that the tweet from U.S.

Bitcoin 155

Bitcoin blockchain Fraud Conference 155

Abrigo

AUGUST 30, 2024

The FHLB system reform is precipitated primarily by its regulator, the Federal Housing Finance Agency (FHFA), which is performing a deep dive into all aspects of the FHLB in the wake of some disturbing actions , specifically with four of the five failed banks just weeks or days before failure. Abrigo is here to help.

San Francisco 195

San Francisco Risk Management New York Capital 195

FICO

MARCH 10, 2022

I’ve been writing recently about the results of our recent global consumer fraud survey. But like most things, it’s not as simple as it sounds, as large customer groups are likely to switch banks if they are dissatisfied with their response to a fraud management incident (more on that in a moment). a biometric).

Fraud 52

Fraud Survey Cards Customer Experience 52

PYMNTS

MARCH 11, 2016

The EU regulators are set to release this data as part of their year-long investigation into potential barriers of the cross-border eCommerce ecosystem. It also could give the regulators the information necessary to make a case against companies that may be committing anti-fraud practices.

Regulation 100

Regulation Regional Analysis Fraud 100

PYMNTS

MARCH 7, 2019

Merchants and customers are now transacting under PSD2 and GDPR in the European Union (EU) — regulations that allow a greater window into how customer data is being used. While these regulations are aimed at increasing consumer trust by allowing them more transparency, many consumers in the region are still adjusting.

Lending 198

Lending Regulation Regional Data 198

Abrigo

JULY 14, 2023

Takeaway 1 Exactly what information is needed to evaluate the viability of identified short- and long-term goals? Make informed decisions faster. Then, determine which reports/insights can answer those questions and better inform decisions. Would you like other articles like this in your inbox? Do you have the right technology?

Strategy 195

Strategy Data Analytics Analysis 195

PYMNTS

FEBRUARY 28, 2020

In a report titled “The Dark Side of Latin America,” IntSights, which monitors cyberthreats, said Latin America is among the top regions for money laundering, done at least in part through cryptocurrency, and that such tactics are favored by organized crime. IntSights reported that there were 453.7

America 217

America cryptocurrency Regional ATM 217

Abrigo

AUGUST 31, 2023

Informing clients that KYC practices are in place for their protection can help alleviate the tension. KYC questions may provoke skepticism or confusion, but assurance that disclosing the required information is in the client’s best interest often eases concerns. Miss” and thus alienating nonbinary customers.

Compliance 195

Compliance Community Training System 195

PYMNTS

APRIL 30, 2020

The COVID-19 pandemic has caused an impact on open banking developments worldwide as regulators, financial institutions (FIs) and businesses set their sights on helping their current customers rather than future innovations. where regulators have been workshopping potential rules for several years. Seventy percent of U.S.

Regulation 188

Regulation Regional Data United States 188

PYMNTS

MARCH 3, 2020

Digital-first transformations can improve personalization and operating efficiencies, but they also bring challenges, including adoption-related costs and new avenues for fraud. Every customer interaction provides FIs with valuable information about their banking habits and financial lifestyles. Digital-First Banking’s Advantages.

ATM 151

ATM Fraud Study Regional 151

FICO

JANUARY 22, 2020

There has been a proliferation of real-time payments fraud, as new near-instant payment platforms, including person-to-person (P2P) transfers and mobile payment platforms grow across Asia Pacific. . We recently conducted a survey with banks in the region and found that 4 out of 5 (78 percent) have seen their fraud losses increase.

Survey 52

Survey Fraud Payments Analytics 52

PYMNTS

APRIL 18, 2019

The PSD2 -related regulation counts itself among a raft of those set to become law across the continent, focusing on boosting online commerce security by requiring cardholders to provide two forms of identification to verify their identities when transacting. Those under €30 ($33.93

Fraud 148

Fraud Regulation Compliance Online 148

PYMNTS

JUNE 28, 2018

But the recent thefts, along with other attempted and completed cyberattacks, demonstrate why payments officials in the region are expressing fresh concern about financial security there. Fraud is a Top Worry. Evidence of that comes from Swift’s Latin America Regional Conference , held earlier this month in Miami.

America 102

America Security Miami Conference 102

PYMNTS

NOVEMBER 25, 2020

Crafting AI models that make sure people are who they say they are and prevent fraud, while eliminating identity bias and other pitfalls, comes with its own set of challenges, he said. Having localized teams in a given region or country can go a long way toward eliminating at least some of the bias that might exist in other countries.

social media 353

social media Data Examples Training 353

PYMNTS

MAY 23, 2018

Cyberattacks on American financial institutions are at an all-time high, with more and more cybercriminals eyeing consumers’ financial data and other sensitive information. A February 2018 study from the Federal Reserve Bank of Minneapolis found that 75 percent of American financial institutions incurred losses due to fraud last year.

Trends 125

Trends Strategy Minneapolis Fraud 125

PYMNTS

FEBRUARY 21, 2019

By attempting to log in to randomly selected devices and securing them, the country hopes to eradicate the weaknesses that could potentially lead to fraud and identity theft for IoT users. Countries such as South Africa are looking to build out more infrastructure for the IoT, as consumer use in the region grows.

Security 180

Security Data Conference Regional 180

PYMNTS

AUGUST 11, 2020

Merchants and other online services must be sure these processes are also secure, however, especially as fraud attempts have continued to climb. This includes Dutch digital-only challenger bank Knab as it attempts to shore up its solutions to comply with the European Union’s Strong Customer Authentication (SCA) regulation.

Report 247

Report Guam Hawaii Security 247

FICO

JUNE 12, 2020

In comparison to others in the Asia Pacific region, regulation has evolved due to last year’s Royal Commission, updates to the privacy act as well as changes enacted by global bodies such as the FATF (Financial Action Task Force). Like other advanced financial sectors, Australia has a complex and evolving regulatory environment.

Fraud 52

Fraud Compliance Regional System 52

PYMNTS

OCTOBER 22, 2018

And New England isn’t the only place enjoying the autumn chill as it sets in — although we are perhaps enjoying it more colorfully with the region’s famed foliage. The report excluded data on shop-at-home purchases and includes information about frauds reportedly directly to the FTC between January and September of this year.

Data 134

Data Fraud Cards Regulation 134

PYMNTS

FEBRUARY 21, 2018

A regional government in Russia is now working with state-backed VEB, reports in CoinDesk said this week, as authorities explore how to use blockchain “to improve the quality of management decisions.”. As regulators begin to consider blockchain regulations, many have signaled a desire not to hamper innovation while doing so.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

APRIL 18, 2019

The bank is involved in the illegal activity because of former business relationships with two regional eastern European banks, one in Moldova and the other in Latvia. In fact, the audit committee of Deutsche Bank’s supervisory board warned that the lender possibly violated “legal, regulatory and other financial crime-related obligations.”.

Regional 155

Regional Regulation Payments Management 155

PYMNTS

APRIL 25, 2019

This is especially true in areas like the European Union, where the General Data Protection Regulation ( GDPR ) is changing how customers and corporates approach data sharing. According to Monteiro, the company has added “an additional layer” of security to protect users from fraud while also providing a seamless mobile experience.

Security 100

Security Data Regulation Mobile 100

PYMNTS

MARCH 12, 2018

Securities and Exchange Commission issued scores – the tallies varied depending on where you got the news, but The Wall Street Journal estimated “dozens” – of requests for information and subpoenas from companies who have dipped, or are dipping, corporate toes in the initial coin offerings pool. And yet: How and why to regulate?

Regulation 117

Regulation Security Course blockchain 117

FICO

FEBRUARY 9, 2023

As the PSR’s response to authorized push payment fraud moves towards becoming law, what will the results be? million stolen through fraud in the UK last year, payment scams (or authorised push payment fraud or APP scams) accounted for 41%. The Regulator Is Stepping In - What Will It Mean for Banks? And what can banks do?

Fraud 52

Fraud social media Examples Regulation 52

PYMNTS

JULY 10, 2020

For several years, while state-level legalization has expanded, access to traditional banks remains an issue thanks to their status as federally regulated entities. Today, however, the banking challenge has largely been solved.

Innovation 210

Innovation Payments Tools Compliance 210

PYMNTS

SEPTEMBER 6, 2018

Might an on-demand mindset benefit those tech upstarts when tackling issues like fraud and anti-money-laundering (AML)? These new [payment and service] models are attracting worldwide users and they may not be connected to a specific region.”. Call it an à la carte approach — a pick-and-pay process.

Compliance 133

Compliance Fintech Regulation Knowledge Base 133

FluentBanking

APRIL 18, 2020

It is important to know thoroughly about the syllabus and regulations of any course before enrolling in that. Banking diploma is a very common and recognized professional certification from The Institute of Bankers, Bangladesh (IBB). Though there are so many contradictions about this course, every banker wants to pass this certification.

Regulation 52

Regulation Case Study Security Management 52

PYMNTS

OCTOBER 17, 2019

When scanned, the barcodes provide information about where a product was manufactured, lot numbers, authorized distributors and safe use.”. These sites not only need to be vigilant against payments-related fraud, but must also have the right tools in place to detect illicit listings.

Fraud 101

Fraud Innovation Technology Mobile 101

PYMNTS

OCTOBER 17, 2019

When scanned, the barcodes provide information about where a product was manufactured, lot numbers, authorized distributors and safe use.”. These sites not only need to be vigilant against payments-related fraud, but must also have the right tools in place to detect illicit listings.

Fraud 101

Fraud Innovation Technology Mobile 101

PYMNTS

FEBRUARY 26, 2019

To compete with legacy banks and serve unbanked populations, several digital-first and digital-only challenger banks have emerged and are providing financial services through smartphones, which are owned by more than half of adults in the region. As this information is collected, it is simultaneously verified against several databases.

America 122

America Security ATM Fraud 122

PYMNTS

OCTOBER 7, 2020

This means individual transactions are unlikely to pop up on regulators’ or tax officials’ radar, thus keeping the operations under wraps. How Payment Providers Stop Money Laundering. Thousands of transactions occur on an hourly basis, however, making it impossible for human analysts to examine each one for signs of money laundering.

Payments 171

Payments Analytics Online Retail 171

Abrigo

FEBRUARY 8, 2024

Client fraud education to prevent banking losses Financial institutions play a crucial role in safeguarding customers and members from fraud. Fraud education is key. You might also like this infographic: 5 Fraud typologies impacting you and your customers or members. DOWNLOAD Takeaway 1 U.S.

Fraud 195

Fraud Resources social media Software 195

PYMNTS

JANUARY 31, 2019

They’re on the hook with regulators should something go wrong, after all. The threat of fraud forces fundraising platforms into a delicate balancing act, one in which they must comply with various region-specific regulatory rules while continually updating their client-safety approaches. The stakes are high, Couture said.

Tennessee 108

Tennessee social media Fraud Guidelines 108

PYMNTS

OCTOBER 10, 2017

“Although the rate of adoption is good, corporates are not leveraging all the benefits of the digital transformation to provide new propositions to their clients, to help them move away from checks and increase overall efficiency in reconciliation and fraud,” the report concluded. Regional Trends. What’s Holding Them Back.

Payments 124

Payments Regional America Trends 124

PYMNTS

OCTOBER 21, 2019

Merchants that do not provide their PSPs with necessary information regarding subscription accounts, or those whose PSPs are unprepared for the regulations, may still see payments ensnared in the SCA net. The goal is for merchants to think about how they will manage the SCA transition, and to develop a fraud and exemption strategy.

Strategy 100

Strategy Compliance Fraud Payments 100