Banking Exchange

NOVEMBER 22, 2021

OCC, Board, FDIC will require banks to report incidents within 36 hours Compliance Compliance Management Compliance/Regulatory Cyberfraud/ID Theft Security Mobile Online Core Systems Risk Management Technology Feature Feature3.

System 159

System FDIC Risk Management Compliance 159

Abrigo

FEBRUARY 25, 2025

Automation offers a secure digital portal for borrowers to upload documents and can flag missing items and send reminders so that applications have all the necessary information and documents for processing and review to begin. Improved risk management Standardized risk assessments minimize subjectivity and enhance compliance.

Lending 195

Lending FDIC Policies Analysis 195

Abrigo

MARCH 18, 2025

Payment system types, trends, and fraud risks Understanding how payment systems function, the different types in use, and the associated risks is critical for financial institutions to be able to balance innovation with security. Payment systems are at the heart of modern banking, enabling secure and efficient money transfers.

System 195

System Payments Fraud Regulation 195

PYMNTS

DECEMBER 29, 2020

With it, financial institutions need to strengthen their compliance to mitigate the risk of running afoul of the law. Wingert asked, adding that it’s important to have powerful geofencing capabilities for sanctions prevention and account security to ensure compliance with jurisdictions that are prohibited or have sanctions concerns.

Fraud 270

Fraud Compliance cryptocurrency Security 270

Perficient

MAY 27, 2022

We’ll then move to the federal level, seeking regulatory guidance as to whether digital tokens are securities under the jurisdiction of the U.S. Securities and Exchange Commission (SEC) or commodities contracts over which the Commodity Futures Trading Commission (CFTC) has regulatory jurisdiction. State Regulations.

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

PYMNTS

APRIL 15, 2020

Banks are adapting to the risk management realities and complexities, while also evolving in real time toward a demanding future. Now, the full-scale relocation of all banking activity to digital channels creates the dual challenge of providing accessible, enjoyable user experiences that are also secure. “We The New Normal.

Fraud 201

Fraud Risk Management Security Cards 201

Insights on Business

NOVEMBER 28, 2018

For example, online banking and customer portals allow clients to access services without visiting a physical location or even talking to a person. IBM is pioneering the development of cloud-based micro services for financial risk. The financial risk APIs have been designed and engineered specifically for the IBM Cloud.

Risk Management 102

Risk Management Innovation Management Resources 102

PYMNTS

JUNE 8, 2020

There’s work being done securing APIs , but businesses are using them confidently, not just to field new products and CX, but also as a data cyber shield found only in the clouds. Cloud platforms are also helping firms secure APIs with built-in capabilities that apply security policies through nonintrusive policy enforcement.

Security 130

Security Policies Fraud System 130

PYMNTS

NOVEMBER 6, 2020

Consumers also expect flexibility in payments choice, with buy now, pay later ( BNPL ) and QR code payment options offered at the point of sale, whether online or at a brick-and-mortar store. For instance, machine learning and other advanced technologies can boost fraud- and risk-management capabilities.

Payments 274

Payments Cards Fraud Retail 274

PYMNTS

MAY 27, 2020

Fraudsters equipped with such information could then easily access victims’ online accounts using legitimate credentials and take control of the customers’ funds. Keeping channels secure and convenient requires FIs to be able to detect and thwart fraud, without accidentally sweeping up legitimate customers.

Fraud 245

Fraud How To Strategy Analysis 245

PYMNTS

DECEMBER 9, 2020

The pandemic has spurred consumers to go online for all manner of daily activities — and the fraudsters are following them. The passwords, user names and Social Security numbers that once helped us prove we are who we say we are now are vulnerable or have already been compromised. Data security is such an important topic,” he said.

Regulation 234

Regulation Security Data Course 234

PYMNTS

OCTOBER 8, 2020

Risk management platform Feedzai announced a 44 percent increase in growth for the first half of the fiscal year for 2020, which a press release says was one of the company’s most successful so far. Comparing it favorably to the first half of 2019, Feedzai says it closed deals in the U.S., EMEA, Asia and the Pacific and Latin America.

Report 247

Report Fraud Risk Management America 247

Abrigo

OCTOBER 10, 2023

How industry analysis can improve your credit risk management Understanding your customers' businesses leads to better loan pricing, structure, and risk management. You might also like this webinar series, "Tackling common credit risk questions during challenging times." Get more credit risk best practices.

Analysis 195

Analysis Industry Risk Management Lending 195

PYMNTS

JULY 20, 2017

Digital Shadows , the industry leader in digital risk management, revealed its findings on the changing habits and tactics of organized credit card fraud gangs, discovering a new trend in the form of remote learning “schools.”. And these criminals are going after a potentially lucrative market.

Study 124

Study Online Course Cards 124

Abrigo

JULY 20, 2024

Credit risk : In C&I lending, at least part of the collateral is intangible. The emphasis for commercial credit risk management and evaluation is cash flow, fixed charges coverage, and working capital cycles. Lending practices, loan policies , and procedures must be developed to monitor and stay on top of risk.

Lending 195

Lending Risk Management Management Capital 195

PYMNTS

OCTOBER 14, 2016

The same premise holds true today and poses a knotty question in online commerce and FinTech: How do you know the person on the other end of a transaction is really who they say they are? And even if you do confirm their identity, how do you know that person can be trusted?

Fraud 100

Fraud Online social media Risk Management 100

PYMNTS

JULY 3, 2017

Even in the quiet seasons, the online travel market is susceptible to the trade winds, and they don’t always blow in agents’ favor. But what hurts a business (especially a small one) more than an October snowstorm is when online fraudsters use CNP transactions to steal their services. The End of Excessive Card Surcharges.

Online 112

Online Payments Fraud Cards 112

Abrigo

FEBRUARY 8, 2024

Takeaway 2 Client fraud education at financial institutions should include takeaways that explain how to protect themselves from phishing and tips for staying secure online. While fraud detection software and robust security measures are essential, educating clients on fraud prevention is equally important.

Fraud 195

Fraud Resources social media Software 195

PYMNTS

JANUARY 16, 2018

Attempts to commit online fraud jumped during the holiday season, increasing 22 percent from Thanksgiving to December compared to a year ago. ACI said peak fraud days are typically driven by shipment cutoffs, levels of consumer traffic and transactions that are purchased online and picked up in stores. Following that was Dec.

Fraud 145

Fraud Risk Management Online Customer Experience 145

PYMNTS

JULY 8, 2020

The two executives said acquirers need to have better fraud management solutions than ever before, because the pandemic has prompted consumers to use credit cards for more online and app-based transactions. “We AI Also Helps Manage Credit Risk. Fighting Fraud in a Post-Pandemic World.

Fraud 274

Fraud Management Risk Management Company 274

Abrigo

MAY 10, 2021

While a financial institution often primarily focuses on securing software to originate business loans, a commercial LOS provides scalability when it offers integrated solutions on one platform to manage all stages of the life of the loan. Lending & Credit Risk. The workflow is constantly interrupted, and efficiency is lost.

System 195

System Lending Analysis Software 195

Banking Exchange

JUNE 7, 2019

Advances in digital identity authentication are providing a better customer experience while shrinking the window for losses Technology Retail Banking Tech Management Mobile Online Cards Security Checks/Remote Deposit Capture Core Systems Cyberfraud/ID Theft Risk Management Customers Financial Research Feature Financial Trends Feature3.

Fraud 107

Fraud Risk Management Customer Experience Trends 107

PYMNTS

JANUARY 3, 2019

However, as covered in a new PYMNTS discussion between Karen Webster and Rich Baich, chief information security officer for Wells Fargo , that realization is no cause for despair — as long as companies and other organizations adopt the right mindset about preparing for and fighting against such threats. Winning The Battle. asked Webster.

National 169

National Security Risk Management Fraud 169

PYMNTS

JUNE 21, 2018

PayPal announced Thursday (June 21) that, following on the heels of its acquisition of Hyperwallet earlier this week, it is acquiring Simility , which is a fraud prevention and risk management platform. The deal will give PayPal greater strength in eCommerce and online marketplaces.

Risk Management 131

Risk Management Fraud Tools Management 131

PYMNTS

OCTOBER 1, 2020

The addition of Verifi’s technology to Visa’s risk management solutions will introduce greater collaboration and insights to help resolve disputes quickly.” . The new tech tools, Visa said, will be integrated with the rest of its risk management services, including those delivered by CardinalCommerce and CyberSource. .

Fraud 183

Fraud Los Angeles Idaho Risk Management 183

Banking Exchange

FEBRUARY 26, 2020

Online payment fraud could cost companies more than $200 billion over four years, finds Juniper Research Risk Management Technology AML & Fraud Cyberfraud/ID Theft Compliance/Regulatory Operational Risk Big Data Security Online Cards BSA/AML Feature3 Feature Financial Research Payments.

Fraud 97

Fraud Big Data Risk Management Compliance 97

PYMNTS

MAY 5, 2020

The good news, Pangretic added, is that consumers and businesses are getting better at detecting fraudsters trying to ply their trade across mobile and online transactions. Against that backdrop, he advocated that card programs embrace partnerships and outsource some risk management functions. Interacting With The Cardmember.

Cards 197

Cards Fraud Guidelines Mobile 197

PYMNTS

JULY 2, 2020

If you’re an online merchant, you may be all too familiar with this drill. A shopper finds you online, finds a product to buy, fills their cart and hits the checkout button. He said that PayPal , over the course of its 20 years serving consumers and merchants online, has seen most online shoppers – and merchants.

Cards 228

Cards Online Payments Course 228

PYMNTS

JUNE 4, 2020

The June AML/KYC Tracker ® explores these and other methods that financial services companies are adopting as they work to make their security efforts both faster and more accurate. FIs have long provided digital services, but many have designed these experiences for the customer demographics that most prefer online and mobile channels.

Report 158

Report Fraud Security Fintech 158

PYMNTS

JUNE 22, 2020

Bad actors, are, increasingly, targeting online card applications, using stolen personally identifiable information to apply for credit, leveraging those ill-gotten credit lines to make fraudulent purchases. Barrett told Webster the new risk solution provides a more complete and accurate picture of applicants’ identities.

Fraud 193

Fraud Cards Risk Management Customer Experience 193

Banking Exchange

OCTOBER 2, 2019

Proactive Threat Interference® provides protection not offered by other cybersecurity approaches Risk Management Risk Adjusted Technology Compliance Security Online Mobile Operational Risk Compliance Management Feature3 Feature Cyberfraud/ID Theft.

Security 60

Security System Risk Management Compliance 60

PYMNTS

FEBRUARY 27, 2019

based Mazooma , a FinTech focused on online gaming and sports betting, to give its clients access to Mazooma’s real-time, bank-data verification solution and ACH payments. Deep Dive: Security in the Time of Faster Payments. Elsewhere in the U.K., payment services company SafeCharge made moves to help its clients expand into the U.S.

Nebraska 144

Nebraska Risk Management Apple Payments 144

Celent Banking

NOVEMBER 11, 2015

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. Mandated training of security will be required. Information security. Systems and network security.

Cyber Security 100

Cyber Security Regulation Security New York 100

PYMNTS

MARCH 14, 2016

Supplier risk mitigation is key for any B2B trade deal, especially as these transactions grow across borders into uncharted territory with unfamiliar business partners. Online B2B eCommerce site DHgate.com is looking to ease anxieties of international trade by launching a trust and safety department.

Risk Management 100

Risk Management Tools Fraud System 100

Banking Exchange

NOVEMBER 7, 2022

Report by Oliver Wyman details how banks can deal a ‘body blow’ to online fraud Risk Management Technology Feature3 Feature Cyberfraud/ID Theft Security Mobile Online Cards Digital.

Risk Management 78

Risk Management Fraud Online Mobile 78

PYMNTS

MAY 29, 2018

The basic rule of personal security has changed little since ancient times: A person’s home — or hut, cottage, hovel or flat — is that person’s castle, the main location where relatives and valuables are secured from nefarious forces outside the door. The issue of online trust permeates those actions. Not any longer.

Security 123

Security Online Data Regulation 123

Abrigo

JULY 27, 2023

Julie Lane, Security Officer/BSA Administrator, C&N Bank learn more Selecting the right regtech The benefits of regtech for banks One of regtech in banking’s most cost-effective capabilities is automating those repetitive compliance processes that can be challenging to handle manually. Talk to a specialist to learn more.

Technology 195

Technology Fraud Compliance Regulation 195