Neopay

MAY 7, 2024

The FCA aims to assist firms in understanding regulatory expectations while empowering them to assess the adequacy of their financial crime systems and controls. This involves implementing more stringent oversight and reporting processes, aligning with the 2022 update to the Money Laundering Regulations (MLR).

Financial Crimes 52

Financial Crimes Crime Risk Assessment Money Laundering 52

Fintech News

MAY 28, 2024

The Brazilian digital bank turned a net loss in 2022 into a US$1 billion net profit in 2023, with revenues exceeding US$8 billion. According to a 2022 report by IDC , the big data and analytics market in the Asia Pacific region is expected to grow at a CAGR of 19.6% from 2022, reaching US$42.2 billion in 2023.

APACS 125

APACS Financial Inclusion Online and Mobile Banking Disaster Recovery 125

Finovate

MAY 6, 2024

“We’re excited to partner with Coris on improving the SMB risk management process for builders of financial products,” Alloy GM of Partner Solutions Brian Bender said. “Having a wide array of data at their disposal is critical for banks and fintechs to manage identity risk across the customer lifecycle.”

Automation 52

Automation Risk Underwriting Embedded Finance 52

FICO

JULY 31, 2019

As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it. The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management.

Risk 70

Risk Security Risk Assessment Risk Management 70

FICO

FEBRUARY 12, 2023

Home Blog FICO Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models.

Posting 52

Posting Online and Mobile Banking Credit Limit Risk 52

CB Insights

NOVEMBER 3, 2022

While insurtech funding has remained relatively flat quarter-over-quarter in 2022, insurers are still actively engaging with startups to improve their businesses — including addressing climate-related risks. . download the State of Fintech Q3 ’22 Report. Underwriting and claims automation. Insurance product innovation.

Underwriting 95

Underwriting Risk Management Risk Product 95

Segpay

MAY 1, 2024

The Council of the European Union and the European Parliament formally adopted the legislation in November 2022. Some of DORA’s main pillars are: Operational Risk Management: DORA requires PSPs to implement robust operational risk management practices to identify, assess, mitigate, and monitor operational risks effectively.

Compliance 52

Compliance Cybersecurity Procedures Risk Management 52

CB Insights

JULY 18, 2022

As fraud and cyber threats become more prevalent and sophisticated, retail banks’ mandate to protect their customers, comply with regulatory mandates, and assess risk across their entire organization has become more important than ever. get the state of fintech q2 2022 report before anyone else.

Risk 36

Risk Fraud Prevention Consumer Risk Management 36

The Fintech Times

MARCH 12, 2024

. “The use of targeted geospatial data at point of quote through data enrichment or in map form through geospatial data visualisation tools such as LexisNexis® Map View, is helping to identify customers and properties at present or future risk – from flood to subsidence to windstorm activity.

Mitigation 72

Mitigation Risk Underwriting Risk Assessment 72

Global Fintech & Digital Assets

FEBRUARY 26, 2024

In December 2022, the Basel Committee issued a new standard: Prudential treatment of cryptoasset exposures. In advance of any acquisition of a new type of cryptoassets, an AI must inform the HKMA of its classification assessment of the cryptoassets.

Consulting 52

Consulting Regulations Distributed Ledger Technology (DLT) Stablecoins 52

FICO

OCTOBER 20, 2022

Fri, 06/03/2022 - 12:24. Director of Product Management, Scores. Thu, 10/20/2022 - 15:00. How can lenders build, manage, and secure credit portfolios in today’s uncertain market environment? In uncertain environments, lenders seek ways to address credit risk management gaps likely to emerge with a potential recession.

Credit Risk 52

Credit Risk Assessments Risk Risk Management 52

FICO

OCTOBER 20, 2022

Fri, 06/03/2022 - 12:24. Director of Product Management, Scores. Thu, 10/20/2022 - 15:00. How can lenders build, manage, and secure credit portfolios in today’s uncertain market environment? In uncertain environments, lenders seek ways to address credit risk management gaps likely to emerge with a potential recession.

Credit Risk 52

Credit Risk Assessments Risk Risk Management 52

Fintech Finance

DECEMBER 13, 2023

Napier is providing its Transaction Monitoring, Client Screening, Client Risk Assessment and Client Activity Review solutions to noqodi, in order to further strengthen its commitment to supporting the government’s initiative to a secure, cashless, digital economy.

Digital Payments 52

Digital Payments Financial Crimes Security Payment APIs and Integration 52

The Fintech Times

MARCH 9, 2024

According to Polaris Market Research , the global BNPL market is projected to expand from $6.24billion in 2022 to $80.52billion by 2032. This shift aligns with the financial industry’s broader trend of prioritising profitability, sustainable growth and risk management amidst economic uncertainty.

BNPL 72

BNPL Risk Management Risk Push-to-Card 72

Nanonets

APRIL 5, 2023

In the world of lending, risk management is crucial to success. But with a growing number of loan applications and an increasing number of delinquencies, how can lenders effectively manage risk without sacrificing efficiency? The answer lies in automating steps in the lending process.

Automation 52

Automation Process Risk Assessment Assessments 52

FICO

FEBRUARY 22, 2023

Liz also works on a range of projects including customer management software implementations and upgrades, current state assessments and delivery of data-driven strategies. December also saw a significant rise in UK cardholders missing one credit card payment, which underlines the financial pressures on consumers.

Credit Cards 52

Credit Cards Push-to-Card Advisors Card Issuer 52

FICO

MARCH 23, 2023

January saw inflation slightly pegged back compared to the end of 2022; retail sales also improved marginally in the new year. Highlights Average total sales per card down 8 percent compared to December 2022 at £755 Percentage of credit card accounts with two missed payments 13.6

Credit Cards 52

Credit Cards Payments Advisors Card Issuer 52

PYMNTS

NOVEMBER 12, 2020

Mastercard’s Vocalink’s offering supports the requirements of Payments Canada, such as the Bank of Canada’s risk management criteria and ISO 20022. The RTR is forecasted to roll out in 2022. Payments Canada is collaborating with Mastercard’s Vocalink for settlement and clearing for the nation’s new RTR payments system.

ISO 20022 57

ISO 20022 FinTech Payments ISOs 57

FICO

JANUARY 24, 2023

These are some of the UK market patterns seen in the November 2022 data: Average total credit card sales in November reversed the downward trend seen over the previous few months, to be 1.9 percent higher than October 2022 at £755 The percentage of consumer payments to balance dropped by 2.8 percent Year-on-year there were 14.8

Credit Cards 52

Credit Cards Consumer Payments Advisors 52

FICO

APRIL 19, 2023

However, since February 2022, this has been increasing in line with the cost-of-living crisis and the average is currently more than 60 percent higher for the Established group. In comparison, the average Established cards balances at risk was 47 percent higher than all vintages in 2018.

Credit Cards 52

Credit Cards Accounts Risk Management Risk 52

Nanonets

AUGUST 1, 2023

Internal audits play a crucial role in assessing a company's internal controls, corporate governance, and accounting processes. The Institute of Internal Auditors' 2022 North American Pulse of Internal Audit reveals that if CAEs had additional funds, 48% would prioritize increasing staff, while 25% would focus on technology.

Audit 52

Audit Automation Risk Assessment Bots 52

FloQast

OCTOBER 27, 2023

While it can feel burdensome, compliance management has become a critical risk management feature and is too important to ignore. Unfortunately, compliance management is no walk in the park. In 2022, the Securities and Exchange Commission (SEC) levied $1.1 For federal tax compliance, the U.S.

Compliance 52

Compliance Best Practices Mitigation Procedures 52

Stax

JULY 16, 2024

A study by the Pew Research Centre found that in 2022, 41% of consumers didn’t use cash for weekly purchases of essentials like groceries and gas. As a business owner, we suggest that you take the PCI SAQ (Self-Assessment Questionnaire) to check if your business is compliant. In 2022, 31% of all payments were made using credit cards.

PCI DSS 88

PCI DSS Compliance Credit Cards Encryption 88

Accertify

MAY 30, 2023

billion to fraud in 2022, an increase of more than 30 percent over the previous year. If they fail they risk increased fraud losses and losing good customers who had their account taken over. The technology helps you assess the legitimacy of account access. That’s where account protection comes in.

Fraud Prevention 52

Fraud Prevention Federal Trade Commission Technology Account Takeovers 52

Fintech News

JANUARY 16, 2024

Generative AI offers many applications in banking, from enhancing due diligence and risk management to streamlining legal contract generation and code writing. In 2022, data showed that bank customers still frequently utilised branches for various services.

AI 112

AI Risk Non-Bank On-Demand 112

FICO

MARCH 21, 2023

Like in years past, we also surveyed SFVegas 2023 attendees on the overall economic climate and how they use credit scores to support securitization risk management. 14% said the financial outlook for their company was very strong, and another 50% assessed the outlook as strong. Leading Secondary Market Participants Weigh In

Participant 52

Participant Credit Risk Risk BNPL 52

FICO

JUNE 1, 2023

If you are a Risk Manager, you should be reviewing lending strategies to ensure customers are receiving the right treatment across the lifecycle and getting the help that is needed if debts cannot be fulfilled. Tools at myFICO.com are also available to help consumers track their credit usage and FICO® Score.

Credit Cards 52

Credit Cards Federal Reserve Tax Refunds Returns 52

FICO

OCTOBER 19, 2022

Wed, 10/19/2022 - 13:20. FICO’s report of UK card risk trends for summer 2022 (June-August) paints a picture of inconsistent consumer behaviour and market patterns which will be challenging for lenders to manage as the cost-of-living crisis impacts financial spending and consumer finances. Darcy Sullivan. by Liz Ruddick.

Risk 52

Risk Credit Cards Advisors Card Issuer 52

FICO

SEPTEMBER 7, 2022

Wed, 09/07/2022 - 09:50. With a cost-of-living crisis and soaring energy costs across Europe and other countries, it's important to re-evaluate debt collections and customer risk management strategies. In Q1-2022 debt was at 131.3% — and rising fast amid predictions it may top 2008 levels. Tue, 07/02/2019 - 02:45.

Risk 52

Risk Risk Management Consulting Consumer 52

FICO

SEPTEMBER 29, 2022

Wed, 09/28/2022 - 15:25. Whether that’s making more efficient risk decisions at the point of sale, managing the customer base effectively, or even managing overheads to keep costs reigned in. At FICO, we continually help our Telco clients ensure they have the best tools to underpin their risk-aware acquisition strategies.

Risk 52

Risk Risk Management CRM Data Breach 52

Seon

MAY 10, 2024

Since the global financial crisis, AML fines totaled $56 billion, with US-based financial institutions incurring $5 billion in fines for related infractions in 2022. Through automating tasks that used to take up much of an analyst’s time, case management systems can quickly highlight and prioritize the most severe alerts.

AML 52

AML Money Laundering SARS Suspicious Activity Report (SAR) 52

FICO

JUNE 23, 2022

Here are the highlights from the fraud management data discussion I had at FICO World 2022 with Julie Conroy, Head of Risk Insights and Advisory at Aite-Novarica Group. Thu, 06/23/2022 - 12:40. Thanks to all of our customers and FICO colleagues worldwide who attended FICO World 2022. Tue, 07/02/2019 - 02:45.

Financial Crimes 52

Financial Crimes Crime AML Fraud Detection 52

FICO

JUNE 27, 2023

Our latest data on UK credit card trends shows financial volatility and higher levels of credit card spend, compared to 2022 – with monthly spend up by 6.7 Liz also works on a range of projects including customer management software implementations and upgrades, current state assessments and delivery of data-driven strategies.

Credit Cards 52

Credit Cards Card Issuer Consulting Accounts 52

FICO

DECEMBER 15, 2021

In 2022 consumers will increasingly expect to be able to service all of their requirements, however complex, online. This data can be used by all areas of the bank that interact with customers, from marketing and customer service to risk management and collections. Lenders Will Take a New Approach to Measuring Affordability.

BNPL 52

BNPL Online and Mobile Banking Payment APIs and Integration Assessments 52

Fintech Finance

SEPTEMBER 18, 2024

ISO 27001 certification demonstrates that Tribe has implemented robust information security and risk management systems to protect information confidentiality, integrity, and availability in today’s evolving cyber landscape.

ISOs 59

ISOs Security Payment Security Payment APIs and Integration 59

FICO

OCTOBER 1, 2022

Fri, 09/30/2022 - 15:00. To help make roads safer, FICO launched the FICO® Safe Driving Score in 2016 in partnership with eDriving, a Solera company and global risk management leader emphasizing proper education and reinforcement of safe driving behaviors. FICO Admin. Tue, 07/02/2019 - 20:36. by Can Arkali.

Risk 52

Risk Risk Management Research Accounts 52

FICO

JULY 15, 2022

Fri, 07/15/2022 - 10:05. In fact, top performers are now either partially or fully delivering automated claims management underpinned by a cloud infrastructure. By making modest adjustments, the impact and trade-offs between a host of simulated factors can be assessed against key commercial metrics. Tue, 07/02/2019 - 02:45.

Automation 52

Automation Underwriting On-Demand Near Real-Time 52