Stax

JANUARY 23, 2025

By thoroughly assessing merchants, processors can: Reduce fraud and chargebacks by identifying potentially fraudulent or non-compliant merchants before onboarding them. This involves analyzing transaction patterns and cross-referencing merchant data against global sanctions lists or politically exposed persons (PEPs) databases.

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

The Payments Association

MARCH 19, 2025

Optimus Prime,Transformers(2007) In the epic battle for the future of banking, financial institutions stand at a crossroads, much like the Autobots facing the Decepticons. Legacy core banking systems, monolithic and rigid, are the relics of a bygone erastable yet inflexible, like ancient Cybertronian relics buried beneath rust and time.

Non-Bank 88

Non-Bank Regulatory Compliance AI Risk 88

Fintech News

APRIL 3, 2024

Data from the World Bank’s Global Findex Database reveal that, in 2021, men were 6% points more likely than women to use digital payments, a gender gap that had remained consistent across developing economies since 2014 in part because of the broader gender gap in access to digital services.

Financial Inclusion 126

Financial Inclusion FinTech Financial Literacy Non-Bank 126

PYMNTS

MARCH 9, 2020

That “single version of the truth” (similar to a bank balance) is the blockchain version of trust. Rather than there just being a single master copy of the database, each participant in the network holds their own copy of the same database. based tech site.

Blockchain 84

Blockchain CRM Database Small Business 84

PYMNTS

MAY 19, 2020

The Security Service of Ukraine is reportedly holding a hacker for allegedly selling a database with 773 million email addresses and 21 million unique passwords, CoinDesk reported. As a result, Iranian digital currency exchanges would have to be licensed by the Central Bank of Iran and adhere to historical foreign exchange standards.

Digital Currency 59

Digital Currency Data Breach eWallet Database 59

PYMNTS

JUNE 22, 2020

database that includes virtually all new (and past) card applications from Visa issuers. The database, at launch, includes information spanning 100 million new applications, 12 million fraud cases and more than 8 million bankruptcies annually. Visa, said Barrett, is using analytics in tandem with a proprietary centralized U.S.

Identity Theft 77

Identity Theft Database Account Takeovers Issuers 77

Fintech News

MAY 22, 2024

It includes a suite of financial and non-financial crime risk domains with hundreds of risk indicators and controls, though users can also integrate their own. The company’s clients span across 11 sectors, including banking, fintech, corporate services, and real estate, and 18 jurisdictions. Transparently.AI

Financial Crimes 102

Financial Crimes Crime APACS Risk Assessment 102

PYMNTS

NOVEMBER 23, 2016

While more banks and businesses are delving into and even getting comfortable with the idea of blockchain, some businesses are removing themselves from it. The departure does not mean, however, that the bank is steering away from blockchain entirely. Another bank’s blockchain commitment that seems not firm is Germany’s central bank.

Blockchain 75

Blockchain Authentication Database Non-Bank 75

PYMNTS

OCTOBER 8, 2018

The International Chamber of Commerce ‘s (ICC’s) Banking Commission is collaborating with bank-owned database Global Credit Data (GCD) to broaden the scope of the ICC’s Trade Register, an announcement revealed Monday (Oct. trillion-worth of exposures.

Risk 59

Risk Non-Bank Database Credit Risk 59

Nanonets

JULY 10, 2024

An example of key-value pair extraction KVPs are the building blocks of many data structures and databases. Automation of document scanning: Governments or large businesses such as banks process many handwritten forms with identical formats for various purposes (e.g., Visa application, bank transfer).

Database 74

Database Process Use Case Correspondent 74

PYMNTS

APRIL 6, 2020

“They have enormous amounts of data on us as us consumers due to the myriad of breaches that have occurred over the years, not just merchants’ breaches and payment card breaches, but government databases, health insurance databases and credit rating bureaus,” Hodges said. Stopping the Fake Phone Calls.

IRS 79

IRS Scams Point-of-Sale (POS) Breach 79

Fintech News

FEBRUARY 15, 2024

This will prompt industry stakeholders to heighten their efforts to address cross-border payment inefficiencies through developments in crypto payment systems, the expansion of real-time payment capabilities, and solutions aimed at enhancing foreign exchange management and banking access across different countries.

Innovation 120

Innovation FinTech Cross-Border Payments Cross-Border 120

PYMNTS

SEPTEMBER 28, 2016

This comes after The House recently voted, through a non-binding resolution, to push for the development of cryptocurrencies and related technologies. From cryptocurrencies to supply chains to banking to property titling, blockchain-based solutions have the ability to decentralize cybersecurity and revolutionize many industries,” said Rep.

Blockchain 74

Blockchain Digital Currency Non-Bank Best Practices 74

FICO

AUGUST 6, 2018

For more than 25 years, the Falcon consortium has served as the world’s largest collection of payment card transaction details , consisting of the diverse fraud and non-fraud truncation assets that have spawned 80+ fraud-focused artificial intelligence and machine learning patents, with 30+ patents pending.

Payments Data 45

Payments Data Non-Bank Fraud Detection Database 45

PYMNTS

OCTOBER 10, 2019

The September Faster Payments Tracker found that push payments are often viewed as more secure than pull payments, the latter of which give creditors access to sensitive bank account information. Fresh PYMNTS research has dug into the issue. When it comes to real-time payments, pull payments don’t really fit into the mix, LaFleche noted.

Real Time Payments 80

Real Time Payments Push-to-Card Payments Debit Card 80

PYMNTS

APRIL 8, 2020

That, according to the release, will encompass speeding up the payment process, cleaning up any possible potholes where fraud or non-compliance might occur, and making sure that “legitimate businesses obtain the loans they need.”

Correspondent Bank 56

Correspondent Bank Authentication Correspondent Interoperability 56

Nanonets

MAY 28, 2023

Businesses struggle to organize & identify large numbers of PDF files in their database. But this approach is impractical when dealing with unknown or non-standard document layouts. Looking to convert bank statements or other documents from PDF to Excel or PDF to XML ? But PDF file names are not standardized.

Use Case 98

Use Case XML Automation Rules 98

PYMNTS

DECEMBER 12, 2018

Cash is king in business — or at least the maxim holds true for some businesses, where legal issues are works in progress and banks shy away from providing services. To that end, the number of banking firms that actively provide services for marijuana firms has grown by 20 percent since the dawn of 2018.

Fincen 68

Fincen Legal Credit Union Financial Crimes 68

PYMNTS

NOVEMBER 10, 2019

The Cabinet Ministers of Ukraine as well as the central bank and Deposit Guarantee Fund “will make every effort” to return the funds spent by Privatbank depositors, Ukraine President Volodymyr Zelensky said. 15 with trading on non-public corporate earnings information they got by hacking the U.S. In other Ukraine news , U.S.

Database 40

Database Wire Wires NOV 40

PYMNTS

OCTOBER 2, 2017

It was later revealed that non-celebrity users of the photo-sharing social network were also affected, though Instagram did not say how many. EDGAR Database. National Bank of Canada. National Bank of Canada customers may have seen data belonging to other customers while filling out an electronic form on the bank’s website.

Cybersecurity 76

Cybersecurity Breach Point-of-Sale (POS) Authentication 76

FICO

DECEMBER 21, 2018

Despite the Panama Papers leak of 2016 , and the Paradise Papers and Bahamas leaks that followed, some banks still didn’t get the message. To comply with tax regulations, it is a must for a bank to check customers against these lists to avoid non-compliance, a damaged reputation and the support of illegal activity.

Due Diligence 40

Due Diligence Database Non-Bank Compliance 40

FICO

MARCH 13, 2017

For many banks, KYC — Know Your Customer — means asking them how they intend to use a product, where the funds are coming from for their new account, etc. At the same time, the bank will check the customer against sanction lists, PEP (politically exposed persons) lists, and so forth. Should banks care? It’s not enough.

Money Laundering 45

Money Laundering Database Due Diligence BSA 45

FICO

OCTOBER 8, 2018

FICO ® TONBELLER ® Siron ® Embargo checks banking applicants and individual transactions to ensure that the bank and its customers do not do business with individuals on restricted lists, such as those who are involved in terrorist activities, and manages the risk of working with politically exposed persons.

Financial Crimes 40

Financial Crimes Crime Database Non-Bank 40

PYMNTS

JUNE 15, 2018

Technical and non-technical professionals within an organization that adopts ALTR’s offerings, the firm has said, will be on the same page when it comes to data security, and who has access to what information, and at what time. “We’ve ALTR, said Sikora, can take the Social Security number out of the database.

Blockchain 43

Blockchain Security Database Social Security 43

PYMNTS

DECEMBER 4, 2018

These tourists, business travelers and others entrusted the Starwood hotel guest reservation database with details about their payment cards; home, work and email addresses; passport numbers and images; reward accounts and general travel habits. Why did the bank robber rob the bank? Good for them! Well, not really.

Breach 68

Breach Data Breach Authentication Database 68

Nanonets

AUGUST 26, 2024

  Visual Classification The assignment of labels or category names to visual (non-text) content is image classification.  Through non-linear complex learning, these tools can thus capture local patterns, discern spatial dimensions, and consolidate information for a complete understanding of the image.

Rules 97

Rules Non-Bank Checks Irrevocability 97

PYMNTS

SEPTEMBER 17, 2018

The fraudsters who hacked their way into the Bangladesh central bank two years ago got there by getting into software tied to the SWIFT financial platform. The Bangladesh Bank Hack. Phishers caught a big one — any way it’s sliced, $81 million is a big haul. The way they got there? The Methods.

SWIFT 75

SWIFT Phishing Ransomware Central Bank 75

Stax

NOVEMBER 6, 2023

Benefits of Data Tokenization Data tokenization offers a number of benefits including: Enhanced data security and reduced risk – In data tokenization, the personally identifiable information is stored in a secure database that is usually in a remote location. Moreover, only authorized personnel can access the original data.

Encryption 88

Encryption PCI DSS Data Security Origination 88

Nanonets

AUGUST 21, 2024

Introduction Retrieval-augmented generation (RAG) systems are transforming AI by enabling large language models (LLMs) to access and integrate information from external vector databases without needing fine-tuning. The database returns a list of the top documents or data snippets that are semantically similar to the query.

Database 52

Database Returns Process AI 52

PYMNTS

FEBRUARY 6, 2020

5) hearing before the House Financial Services Committee , representatives from several consumer groups said “rent-a-bank” schemes harm consumers through predatory lending. The hearing was titled “Rent-a-Bank Schemes and New Debt Traps: Assessing Efforts to Evade State Consumer Protections and Interest Rate Caps.”.

Caps 52

Caps Laws Non-Bank Regulations 52

PYMNTS

NOVEMBER 21, 2018

Algorithms are taking on more of the data and security work for financial institutions (FIs), with technologies such as data mining and business rules management systems (BRMS) finding popularity among banks and credit unions. Large Versus Small Banks. In the case of BRMS, use has dropped off significantly for the largest banks.

AI 76

AI Money Laundering Rules AML 76

PYMNTS

MAY 1, 2017

According to Financial Times , some of Hensarling’s proposed reforms include stripping the bureau of its supervisory powers, making its complaints database private and creating an inspector general to watch over it, appointed by the president. They’re far too focused on the minutiae, in the weeds,” he says.

Consumer Financial Protection Bureau (CFPB) 43

Consumer Financial Protection Bureau (CFPB) CFPB Federal Trade Commission Law Enforcement 43

FICO

JULY 28, 2021

There are five ways that banks can comply with the account validation rule, which are detailed here. Use a verification database to validate the account. Use financial institution credentials to access the end user’s bank accounts. The short descriptions are: Manual validation with a voided check. Multiple Layers of Protection.

NACHA 52

NACHA ACH Scams Account Validation 52

PYMNTS

FEBRUARY 13, 2019

In the accounting space, that means integrations with enterprise resource planning (ERP), accounts receivable, accounts payable, procurement, banking and other portals. ” For many organizations in their digitization processes, though, data integrations are a non-negotiable requirement when adopting new tools.

Finance 75

Finance Financial Literacy Accounts API 75

The Fintech Times

SEPTEMBER 26, 2024

Loyalty company Reward has welcomed James House as chief commercial officer to spearhead value creation across products and services for its banking and retail customers. Noble joins Chetwood Financial from JN Bank UK, where he was CEO of the banking outfit. This AI-driven solution is now live on Ravelin’s platform.

FinTech 64

FinTech Payment APIs and Integration Fraud Detection Fraud Prevention 64

Nanonets

APRIL 24, 2023

PDF → Excel Convert PDF bank statements to Excel  Try for Free The digitization of financial documents is an important task for financial institutions like banks as well as individual banking customers and businesses.  The various areas of application of bank statements OCR are also discussed.

XML 52

XML Non-Bank Automation Checks 52

PYMNTS

JULY 20, 2018

The Ministry of Electronics and Information Technology (MeitY) has reportedly asked WhatsApp, along with partner banks, to provide additional details about the system. Singapore Health Database Breached i n Cyberattack. Toys R Us Settles With Creditors t o Complete Bankruptcy.

Data Breach 40

Data Breach Breach Duplicate Disputes 40