The Fintech Times

FEBRUARY 21, 2024

The value of reported UK fraud increased to £2.3billion in 2023, more than double the £1.1billion recorded in 2022 and the second-largest annual fraud value recorded by BDO , the international network of public accounting, tax, consulting and business advisory firms, in 20 years.

Financial Crimes 59

Financial Crimes Crime Compliance Scams 59

FICO

JULY 1, 2022

Here are the highlights from the fraud trends breakout session at FICO World 2022 with a panel of fraud professionals from Brazil, Turkey and North America. Fri, 07/01/2022 - 13:40. This year at FICO World 2022 there was ample opportunity to analyze just how much the pandemic has changed the fraud and financial crime landscape.

Financial Crimes 52

Financial Crimes Disputes Online and Mobile Banking Crime 52

FICO

NOVEMBER 21, 2022

FICO awarded first place in six categories on risk and compliance technology in the 2023 Chartis RiskTech100 ® Report, including Innovation for the sixth year in a row. Fri, 06/03/2022 - 12:24. Mon, 11/21/2022 - 20:30. Financial Crime – Enterprise Fraud. asokolowski. by Darryl Knopp. expand_less Back To Top.

Risk Management 52

Risk Management Compliance Audit Risk 52

The Fintech Times

DECEMBER 7, 2023

Consumer Duty : Supporting consumer duty obligations and enhancing financial inclusion outcomes. Financial Crime: Addressing future challenges of financial crime. ESG: Meeting new regulatory requirements, leveraging new data and new technologies.

Regulations 59

Regulations AI FinTech Financial Crimes 59

Segpay

MAY 1, 2024

The Council of the European Union and the European Parliament formally adopted the legislation in November 2022. DORA isn’t only designed to reduce financial crime. The Act will help regulators to identify and investigate financial crime more effectively.

Compliance 52

Compliance Cybersecurity Procedures Risk Management 52

FICO

JUNE 15, 2023

raced by a milestone when the Fed raised interest rates for the tenth straight time since March 2022 in an ongoing race against inflation. billion worth of this kind of scam in 2022 – more than double the $1.8 They Didn’t Teach This in Econ 101 On May 3, the U.S. Consumer spending also increased 1.8% billion reported in 2021.

Scams 52

Scams Real Time Payments Smishing Same Day ACH 52

FICO

MARCH 30, 2023

In the UK more than 23 million people used basically no cash in 2022. The ATM population peaked at around 470,000 total devices in 2019 , but dropped to 456,000 in 2022. billion in losses to investment scams alone in 2022, more than double the losses from 2021. Where Did My Cash Go? I uncovered some fascinating insights.

Scams 52

Scams Real Time Payments ATM Push-to-Card 52

FICO

SEPTEMBER 20, 2022

FICO fraud expert TJ Horan talks fraud management and responsible AI with FICO's Chief Analytics Officer, Dr. Scott Zoldi. Tue, 09/20/2022 - 11:50. There can sometimes be a big disconnect between the leading edge of analytic innovation, where Scott lives, and the everyday trenches of the war on financial crimes, where I am.

AI 52

AI Financial Crimes Rules Adjustments 52

The Fintech Times

DECEMBER 7, 2023

The buzz surrounding artificial intelligence ( AI ) has grown exponentially throughout 2022 and 2023, and the early signs are that this trend will continue into next year. ” Alexey Gabsatarov , CTO of Kroo Bank , also said: “We, as an industry, are all tackling the growing problem of fraud and financial crime in general.

FinTech 59

FinTech AI CBDC Risk 59

Seon

MAY 10, 2024

Mandatory AML measures include the continuous monitoring of individual customers, financial transactions, the verification of the source of funds and the imperative to report any suspicious activities to relevant authorities, with the overarching goal to thwart money laundering, curb terrorism financing and combat other crimes.

AML 52

AML Money Laundering SARS Suspicious Activity Report (SAR) 52

FICO

FEBRUARY 1, 2023

Matt Cox Matt Cox is vice president and general manager of Europe, the Middle East and Africa for FICO, overseeing operations across the region. He is a seasoned executive with 20 years global experience within the financial services industry, specializing in fraud and financial crime across all products and services.

Risk 52

Risk BNPL Financial Crimes On-Demand 52

Fintech News

JANUARY 24, 2024

Data from MAS’ Financial Institutions Directory show that as of August 01, 2022, 231 Money-Changing, 13 Standard Payment Institutions, and 175 Major Payment Institution licenses had been issued. This is part of MAS’s broader strategy to strengthen consumer safeguards and mitigate risks in the digital currency domain.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Stablecoins 98

FICO

NOVEMBER 1, 2022

FICO’s Fraud, Identity and Digital Banking Survey 2022 shows that customers in Canada want slick onboarding processes, where fraud controls work but don’t delay account opening. Tue, 11/01/2022 - 10:40. First-party fraud is a real risk (particularly given the stresses of the cost-of-living increases). FICO Admin. See all Posts.

Checks 52

Checks Risk Identity Theft Accounts 52

FICO

NOVEMBER 7, 2022

Mon, 11/07/2022 - 09:50. But shifting the focus back to the data – as I explained during my session with Julie Conroy at FICO World 2022, I am a firm believer in putting all your data in the right places and being able to access it when you need it. FICO Admin. Tue, 07/02/2019 - 02:45. by TJ Horan. expand_less Back To Top.

Scams 52

Scams Authorization P2P Consumer Financial Protection Bureau (CFPB) 52

FICO

JANUARY 27, 2022

The most popular posts in our Customer Development category dealt with credit card payments, open banking, trends for financial services and small business lending — as well as FICO’s listing as a top risk management firm. FICO Is a Top 10 Risktech Company in the 2022 Chartis Risktech100® Report. Retail Credit Analytics.

Posting 52

Posting Payment APIs and Integration Non-Bank Financial Crimes 52

Fintech News

JANUARY 28, 2024

As of October 2022, the city-state was home to 1,580 fintech companies, representing 39% of the 4,000+ fintech companies presented in ASEAN at the time. In addition to systematically claiming the lion’s share of fintech VC funding in ASEAN, Singapore also boasts the largest and most developed fintech ecosystem in the region.

FinTech 110

FinTech Cross-Border Payment APIs and Integration Cross-Border Payments 110

FICO

OCTOBER 7, 2022

Fri, 10/07/2022 - 14:10. Follow my latest thoughts on fraud, financial crime and FICO’s entire family of software solutions on Twitter @FraudBird. TJ Horan is vice president of Product Management, leading the fraud solutions business unit. by TJ Horan. expand_less Back To Top. TJ Horan. TJ holds a B.S.

BNPL 52

BNPL Account Takeovers CFPB Consumer Financial Protection Bureau (CFPB) 52

FICO

MAY 3, 2023

Jonathan Williams from the UK Payment Systems Regulator will be giving an overview of the UK's experience, how it is tackling financial crime and achieving true innovation, and what emerging and potential markets can take away from the UK’s experience. Fortunately managing APP fraud is an area of expertise for FICO.

Scams 52

Scams Real Time Payments Fraud Detection Innovation 52