When we look at how card issuers are dealing with three key factors — the performance of delinquent credit card portfolios, the actions on the persistent debt cohort and the operating model adjustment to mitigate against unnecessary impact of IFRS 9 — what is interesting is what we don’t see.
Despite the legitimate concerns, it would be wrong to ignore SMS as a Strong Customer Authentication tool for PSD2.
APC Intelidat, the credit bureau in Panama, will soon provide regulatory compliance capabilities to its customers and fight financial crime in Panama with a FICO solution.
PSPs are now actively implementing strategies to help them meet their SCA obligations, so what are the key factors they should consider?
Customers could thwart PSPs' plans for Strong Customer Authentication if they don't know about it in advance.
The reports note that the FICO TONBELLER Siron AML and KYC products are “mature, proven solutions with substantial out-of-the-box features including configurability, data connections, and analytics.
Due to all the fines and scandals in 2018, I am convinced that AI will play a more important role in financial crime compliance.
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.
When it comes to U.S. regulatory reforms promulgated by federal agencies, there could be some significant and welcome news for financial institutions next year.
Here’s my advice for 2019 in a nutshell: With IFRS 9 impacts and €780 billion of NPL in Europe alone, stop reading about AI and start thinking about optimization.