PYMNTS

MAY 10, 2019

The rule change is the subject of a recent white paper published by GIACT. The purpose of the new rule, according to NACHA , is to “enhance quality and improve risk management within the ACH network by supplementing the fraud detection standard for internet-initiated (WEB) debits.”. New NACHA Rule.

Payments 178

Payments Fraud Security Customer Experience 178

Insights on Business

AUGUST 28, 2019

We’ve been quite vocal about our own transition to a risk management microservices architecture. To enhance the user experience of each of these services, a separate microservice was built to manage financial data to remove the often heavy burden of doing so. Our experience with microservices. Don’t have data?

Management 70

Management Risk Management Resources Analytics 70

American Banker

MARCH 31, 2016

A white paper released Thursday said the agency might issue new guidance on fintech product development, third-party risk management and new products targeting the underbanked; streamline its licensing procedures; and appoint experts on "responsible innovation."

Innovation 28

Innovation Management Fintech Risk Management 28

FICO

NOVEMBER 5, 2018

The references are vague, however: “centralized fraud and risk management capabilities” are referenced but the nature of this protection is not defined. The regulators are now looking to shift some of the liability from the customers to the banks, and a similar move has been made in Sweden. launching a super complaint.

Fraud 40

Fraud Risk Management Payments Strategy 40

Gonzobanker

DECEMBER 14, 2023

Note for you damn haters: yes, it’s down from a frothy high of $66,0000, but look at the normalized return over the past 15 years since Satoshi Nakamoto’s white paper.) The Bank Regulator Working for Merchants Award! Seems like maybe this has been forgotten when it comes to these regulations.

Fintech 190

Fintech Community Regional Technology 190

FICO

JANUARY 10, 2017

These criteria are necessary because credit scores need to reflect a person’s true creditworthiness to a sufficient degree that lenders, regulators and consumers, themselves, can rely on them. Read our white paper Can Alternative Data Expand Credit Access?

Meeting 40

Meeting Data Report Risk Management 40

FICO

JANUARY 15, 2021

Sally notes that analysis of FICO® Resilience Index data by Tom Parrent, former chief risk officer for Genworth Financial, shows that from 2010 to 2015, nearly 600,000 additional mortgages could have been originated to consumers with FICO® Scores between 680 and 699, had the FICO® Resilience Index been available to lenders at the time.

Report 59

Report Payments Cards Data 59

Gonzobanker

DECEMBER 22, 2015

Regulator Award. The all-powerful banking regulator claimed that car dealers discriminated against minority borrowers—by guessing the race of borrowers based on last names and addresses in loan files, and claimed racism if the people they guessed were minorities seemed to be paying higher rates. ‘Are You Freakin’ Kidding Me?’

Community Bank 60

Community Bank Apple Community Technology 60

FICO

APRIL 19, 2021

And with that comes regulation. While the exact status of regulations is still emerging from the Biden/Harris Administration , one thing is for sure: identification of all parties involved in transactions will reduce the risk of money laundering and other illicit activities. Read FICO’s Crypto AML White Paper.

cryptocurrency 52

cryptocurrency Bitcoin Compliance Resources 52