Financial Regulation

AEVI at Money20/20 USA: The ultimate merchant experience

The ultimate merchant experience is so much more than a payment device! AEVI’s Nicky Koopman elaborates on what smart POS is and how to get the most of this new “business-in-a-box” proposition.

* Maximising the business opportunities with digital/mobile and turning a payment device into an actual business tool
* The benefits for merchant acquirers as they move from just payment processing to offering a full suite of solutions
* Tools within AEVI’s solution that independent businesses can use to successfully compete, such as an built-in loyalty system
* How to handle the changes – including the mentality shift – that are happening both externally and within the organisation

For more fintech news, please visit https://fintechfutures.com or sign up to our daily newsletter here: http://bit.ly/2Ulw1aS

Follow us on Twitter: @FinTech_Futures

The FinTech Futures weekly round-up

This week we cover:

* Italy’s largest bank UniCredit to cut 8,000 jobs by 2023 to reward shareholders
* China gears up digital yuan with potential digitisation of ID cards ahead of 2020 launch
* Ant Financial to raise $1 billion fund for Southeast Asian and India start-ups
* South Korea to launch open banking system this month
* Mexican lendtech start-up Konfio bags $100m investment led by SoftBank

For more fintech news, please visit https://fintechfutures.com or sign up to our daily newsletter here: http://bit.ly/2Ulw1aS

Presented by Verafin

In order to protect themselves from evolving external threats, financial institutions continue to strengthen their fraud controls by deploying fraud detection solutions across a variety of channels. However, it is imperative that financial institutions do not overlook the threat from within.

Financial institutions are especially vulnerable to employee fraud, as fraudsters within the organization have access to large amounts of personal identification information and financial transactional data, along with access to customer accounts. While these schemes can add up to significant fraud losses for financial institutions and their customers, they can also enable other illicit activity and pose significant compliance concerns.

Join us for this insightful presentation, as we discuss the financial and reputational risks, as well as the potential compliance concerns of employee fraud. Learn the tactics used by internal bad actors and best practices to mitigate losses, including how appropriate monitoring of both employee access logs and transactional activity can alert institutions to fraudulent activity by employees.

In this educational presentation, you will learn:
- The scale of the crime of employee fraud, including the potential for losses and compliance considerations
- Review tactics internal bad actors use to commit fraud against financial institutions
- Best practices to mitigate losses and protect your institution from internal threats, - including appropriate monitoring and fraud controls

FICO Webinar: Debt Management in the Age of Digitalization and AI
05. December 2019
02:00 – 02:30 pm

Nowadays, customer communication in debt management is an important part of a successful business process. However, different customer groups prefer individual communication and want to use self-service options to pay directly or adjust payment terms without having to negotiate with a call center employee. New ways are needed that often challenge companies.
Join this 30-minute webinar and learn more about it:
- Efficiency and effectiveness improvement in recovery despite constant manpower
- The Problem of Scaling Outbound Communication
- Self-service solutions for your customers without configured customer portal
- New ways in debt management automated and digital

Alexander Clarus, Senior Territory Solution Sales Manager at FICO
Alexander Clarus is responsible for Customer Communications Services from the FICO product portfolio within the DACH region and Eastern Europe. Prior to this, he was involved in strategic business development in various start-ups (digitization and payments as well as cloud computing and infrastructure) and successfully introduced digital business models in various markets. With his passion for disruptive business models and technologies, he understands himself as a part and driver of the digital transformation. He holds a Diploma in Business Engineering from the University of Lübeck.

Forderungsmanagement im Zeitalter von Digitalisierung und AI

FICO Webinar: Forderungsmanagement im Zeitalter von Digitalisierung und AI Teil 1

Kundenkommunikation im Forderungsmanagement ist heutzutage ein wichtiger Bestandteil eines erfolgreichen Geschäftsprozess. Jedoch bevorzugen unterschiedliche Kundengruppen auch eine entsprechend individuelle Kommunikation. Neue Wege sind gefragt, die Unternehmen oftmals vor immense Herausforderungen stellen.
Nehmen Sie an diesem 30-minütigen Webinar teil und erfahren mehr über:
- Effizienz und Effektivitätssteigerung in der Beitreibung trotz gleichbleibender Manpower
- Die Problemstellung in der Skalierung der Outbound Kommunikation
- Self-Service Lösungen für Ihre Kunden ohne konfiguriertes Kundenportal
- Neue Wege im Forderungsmanagement automatisiert und digital

Alexander Clarus, Senior Territory Solution Sales Manager bei FICO
Alexander Clarus zuständig für Customer Communications Services aus dem FICO Produktportfolio und verantwortet dabei die DACH Region sowie Osteuropa. Zuvor hat er die strategische Geschäftsfeldentwicklung in verschiedenen Startups (Digitalisierung und Payments sowie Cloudcomputing und Infrastructure) betreut und erfolgreich digitale Geschäftsmodelle in verschiedenen Märkten eingeführt. Mit seiner Leidenschaft für disruptive Geschäftsmodelle und Technologien sieht er sich als Teil und Treiber der digitalen Transformation. Er hat ein Diplom im Bereich Wirtschaftsingenieurwesen der Universität Lübeck.

Behavioral biometrics has been touted as driving a “silent revolution” in authentication, having the potential to restructure the authentication landscape and be the glue that connects the fraud prevention space and the identity management space. With so many possibilities and use cases for this technology, banks and enterprises of all sizes often are overwhelmed with how to incorporate this technology into their technology stack and what applications it is best suited for. Join experts from BioCatch and Guardian Analytics for a live webinar as we explore best practices and how leading financial institutions today are using behavioral biometrics to prevent new account fraud and detect a host of cyberattacks, including highly sophisticated social engineering schemes.

Attend this webinar and understand how behavioral biometrics are used to:
• Detect suspicious user identity on mobile devices
• Enable frictionless and frictionright authentication experience
• Complement other technologies to score the likelihood of payments fraud

[Live Recording] Join us for an overview of the SEC's Whistleblower Program. Learn about how the program is set up, the extent of damages awarded to date, and the resulting benefits the program has produced for our society at large.

Please note: CPE credit not available for this playback

FICO Webinar:
Instant Payment- Instant Fraud
Bringen Sie ihre Betrugsbekämpfung auf das nächste Level

03. Dezember 2019
10:00 – 10:30 Uhr

Die Einführung von Instant Payment hat Menschen und Unternehmen, aber auch Kriminellen Vorteile verschafft. In Ländern, die bereits Instant Payment-Zahlungssysteme eingeführt haben, ist der Betrug drastisch gestiegen, einschließlich des autorisierten Push Payment Betrugs aber auch Kontoübernahmen, sowie die Geldwäsche mithilfe von Durchleitungskonten.

Nehmen Sie an diesem 30-minütigen Webinar teil und erfahren:
• Welche altbekannten Betrugsmaschen durch Instant-Payment begünstigt werden
• Welche neuen Methoden der Betrüger von heute anwendet
• Wie Sie Ihre Kunden vor autorisiertem Push-Payment Betrug schützen
• Wie Analytics-Lösung auf Basis von KI und maschinellem Lernen Ihrer erfolgreichen Betrugsstrategie zugrunde liegen
Jörg Reuter, Senior Consultant of Fraud, Cyber & Compliance, FICO
Jörg Reuter setzt seine Fähigkeiten und Erfahrungen ein, um das Leben der Kriminellen so gut es geht zu erschweren. Seine Arbeit im Banken-, Telekommunikations- und Zahlungsverkehrsbereich konzentriert sich auf Betrugsrisikomanagement, Informations-/Cybersicherheit und Compliance. Jörg Reuter hat an Projekten auf der ganzen Welt gearbeitet, in vielen Ländern mit verschiedenen Kulturen, darunter eine 3jährige Tätigkeit in Südostasien. Dies gibt ihm eine einzigartige Perspektive auf die Treiber für Betrug und verschiedene Ansätze zur Bekämpfung von Finanzkriminalität. Als Berater bei FICO hilft er Kunden, die Predictive Analytics, Künstliche Intelligenz und Maschinelles Lernen auf Ihre geschäftlichen Herausforderungen anzuwenden. Schwerpunkte sind unter anderem der Betrug bei neuen Konten (Abonnement-/Anwendungsbetrug), die Übernahme von Konten und Social Engineering-Betrug.

Presented by Verafin

As the cannabis industry continues to grow in the US, financial institutions are facing increased regulatory uncertainty and due diligence challenges for banking marijuana-related businesses (MRBs).

Thorough Customer Due Diligence on MRBs is critical to ensure your institution is meeting BSA requirements for this high-risk customer category. Your compliance program should include effective procedures for identification, risk assessment, periodic reviews, and ongoing surveillance of Marijuana-related Businesses.
 
Join us for an informative session on the banking of Marijuana-Related Businesses, with a focus on meeting BSA requirements and refining CDD processes for this growing industry.

This educational webinar will include:
- Overview of the scale of the marijuana industry, how derisking impacts the US financial system, and the potential BSA/AML risks of this high-risk customer category.
- Highlights from U.S. House Financial Services Subcommittee on Consumer Protection and Financial Institutions entitled Challenges and Solutions: Access to Banking Services for Cannabis-Related Businesses
- Review of highlights from FinCEN Guidance, including red flags and BSA compliance obligations for Marijuana-Related Businesses.
- Discussion on the challenges of Customer Due Diligence for high-risk customers, including identification, risk assessment and scoring, monitoring, and managing risk reviews for Marijuana-Related Businesses.
- Discussion on the role of data and technology to improve customer due diligence, risk management and compliance processes for Marijuana-Related Businesses.

UnaVista and Delta Capita discuss the importance of testing as a way of preparing for reporting obligations under this important upcoming regulation.

The webinar provides an insight into the market issues today and a detailed exam of industry standards-based testing, the benefits of that approach and a number of best practice examples.

Key points include:
• SFTR challenges for the buy-side
• What is a test pack?
• Testing approach: traceability and best practices
• How this benefits the buy-side
• Q&A

Our panel of experts also discussed quick polls and answered audience questions during the webinar and at the Q&A session.

• Host: Marcus Jeffery, Global Head of Pre-Sales, Director, UnaVista at London Stock Exchange Group
Expert Panel:
• David Field, Head of Prime Services & Securities Finance, Delta Capita
• Tom Wieczorek, Managing Director, Global Product Management, UnaVista at London Stock Exchange Group

The webinar recording is available to you to view on-demand and share via the same link.

As disruptive innovations and new business models transform organizations and communities around the world, their sustainability is threatened by an abundance of cyber risks. This panel discussion aims to explore the importance, challenges and opportunities of cyber innovation, providing insights on global regulation and risk.

Our industry insights tell us that cloud technologies, artificial intelligence (AI) and robotics will shape cybersecurity in the year ahead, with important implications for the financial services sector. However, there is increasing evidence that attackers are targeting third-party vendors — such as cloud providers. On the other hand, as financial services firms invest in and implement digital innovation, cyber hackers are themselves taking advantage of advances in technology to orchestrate attacks.

Cyber risks are no longer the sole responsibility of a single team, but rather of everyone. Organizations need to act now by creating synergy between people, processes and technology.

The panel will be moderated by Steve Holt, EY UK FS Cybersecurity Leader
Panelists include:
-Amanda Creak, Regional CISO and EMEA head of technology risk, Goldman Sachs
-Jacqueline Kernot, Cybersecurity Partner, Ernst and Young
-Srimanth Rudraraju, Cloud Director, Ernst and Young LLP

With the auditors approaching (or maybe they just never left), the accounting team needs to put its best foot (and documentation) forward in order to avoid a long and drawn out affair with the auditors. Join us in this webinar, where we share the best ways to build and maintain your internal controls infrastructure to impress your auditors and make the year-end audit as quick and painless as can be.

Please note: CPE credit not available for this playback.

(ACAMS Webinar Rebroadcast)

In this insightful session, Brendan Brothers, Co-Founder of Verafin and Anti-Financial Crime Specialist, will discuss the evolution of financial crime and how financial institutions can embrace innovative approaches to proactively prevent fraud and combat crime ring activity.

Brendan will outline how financial institutions can leverage big data, machine learning technology and 314(b) information sharing for effective fraud prevention, including proactive trend identification, reduction in false positive results, and collaborative investigations of multi-institutional crime ring activity.

Learning Objectives
- Understand the limitations and challenges of conventional fraud prevention approaches
- Leveraging big data, machine learning technology, and 314(b) information sharing to mitigate losses and prevent fraud
- Enhancing detection, strengthening investigations, and improving reporting to law enforcement.

(No CAMS credits will be issued for this event.)

https://www.fiduciaryduty21.org/

Fiduciary Duty in the 21st Century, a collaboration between the PRI and UNEP FI with generous financial support from The Generation Foundation, contributes an extensive evidence base to end the debate on whether fiduciary duty is a legitimate barrier to the integration of environmental, social and governance (ESG) issues in investment practice and decision-making.

Hear from market actors themselves how governments are updating their frameworks, regulators are moving to support the updated conception of fiduciary duty, and investors are also expressing and working towards aligning economic and sustainability objectives.

The project finds that in the 21st century there has been a marked growth in responsible investment regulation and policy around the globe. Investors that fail to incorporate ESG issues are failing their fiduciary duties and are increasingly likely to be subject to legal challenge.

While the conceptual debate around whether ESG issues are a requirement of investor duties and obligations is now over, there are several areas where further work is required.

Visit http://www.fiduciaryduty21.org for more details.

[Live Recording] It's time to show some love for the workhorse of the financial close process -- balance sheet account reconciliations! Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid.

Please note: CPE credit not available for this playback.

In conversation with Mark Nicholson, VP of digital and innovation at Tangerine, and Andrew Harper, head of rewards partnerships at Meniga .

For more fintech news, please visit https://fintechfutures.com or sign up to our daily newsletter here: http://bit.ly/2Ulw1aS

Follow us on Twitter: @FinTech_Futures

What does effective onboarding look like? It’s a balancing act. With user friction, identity proofing and effective KYC all fighting for attention. In this webinar, Susana Lopes, Senior Product Manager at Onfido, considers how best to assess these competing factors in creating an ideal user onboarding flow, and how biometrics can help to mitigate traditional tensions.

She will be discussing:

- The evolution of account opening in the modern age and how user experiences have changed
- The principles of proportional risk, and how they can help you ask for more at the right moments
- How biometrics can help increase security and confidence in identity proofing

This video has been developed to help PRI signatories navigate the PRI Online Reporting Tool. It covers three topics:

00:40 How to access the online Reporting Tool
01:38 The basics: simple reporting
03:52 Smart functions: better reporting

In this webinar, "A Playbook of Success for Recovery Audit," you'll discover four ways to get the most out of your Recovery Audit. Industry expert and Director of Product Development at PRGX, Zach Braford, outlines real-life winning strategies used for our clients.

In this webinar, we explore:

1. How to extract more benefits by engaging in detailed audits
2. How to increase the value of your audit by increasing the scope
3. How to manage an audit in a global company
4. Defining a playbook of success for your company

[Live Recording] It's time to spruce up the close checklist! Join us in this webinar where we will revisit best practices as well as practical tips to help improve the financial close process. Whether you have a close checklist, a close calendar, or even if you are still forming a close process, these practices will surely help your period-end close.

Please note: CPE credit not available for this playback

With threats on the rise and an ever-growing patchwork of legislative requirements to manage, it's never been more challenging for multi-national firms to manage cyber-related risk. In fact, the average cost of cybercrime for financial institutions has jumped by $1.4 million over the past year to reach $13m.

Join this CUBE 45-minute webcast with leading Cybersecurity expert Dr Jacqui Taylor and regulatory change expert David Noble as we cover the following hot topics:

- The volume, velocity and variety of cybersecurity regulation
- Regulatory change challenges faced by financial institutions, where manual regulatory processes are managed across multiple jurisdictions
- The high cost and risk associated with non-compliance
- New approaches based on evidence for cybersecurity
- Is RegTech is the way forward to managing regulatory change?
- Embracing the internet of things as we transition to the Empathy Economy

For more information on automating regulatory change, visit www.cube.global/solution

Presented by Verafin

Financial institutions invest significant time and resources into identifying customers in high-risk categories, such as Private ATM Owners, Money Service Businesses (MSBs), Marijuana-Related Businesses (MRBs), Non-Governmental Organizations or Charities (NGOs), Cash Intensive Businesses (CIBs), and more.
 
Unfortunately, for most compliance professionals these processes are primarily manual today. Continuously updating and reviewing reports and spreadsheets can hinder your ability to meet examiners expectations, fulfill compliance requirements, and follow your institution’s policies for uncovering high-risk customers.  
 
Join us to learn how to alleviate manual processes for identifying higher-risk customers, automate due diligence processes, and strengthen your overall compliance program.

Highlights of this webinar:
- Review of CDD/EDD requirements and expectations for higher-risk categories of customers as outlined in the FFIEC BSA/AML Examination Manual.
- Discussion on the challenges and potential risks of conventional processes for manually identifying and managing high-risk customers.
- Overview of new technology approaches with targeted monitoring for risk factors, alerting you to unidentified higher-risk categories, including:
> Private ATM Owners
> Money Service Businesses (MSBs)
> Marijuana-Related Businesses (MRBs)
> Non-Governmental Organizations (NGOs) or Charities
> Cash Intensive Businesses (CIBs)

[Live Recording] Metamorphosis describes the process of transformation from a child form to a mature form in two or more distinct stages. Within your organization, some of the key finance processes have worked the same way for decades, and could probably benefit from a transformation of sorts. Join us in this webinar where we explore common technologies that can be easy incorporated into your current processes to modernize the traditional workplace. We'll cover everything from time and expense reporting, to accounts payable, to budgeting as well as financial close automation.

Please note: CPE credit not available for this playback

Expectations of online businesses have never been higher. Customers expect personalised experiences and high platform security, while demanding more streamlined registration processes. And if they don’t get them, they’ll take their business elsewhere.

Resultantly, businesses are experiencing a profound tension. How do you balance frictionless registration, and effective identity management - so that customers are more than just an email and password in a database?

In this webinar Mickey Martin will be discussing how registration as a service systems can effortlessly anchor customers to proofed identities in an easy and secure way, maintaining data integrity and facilitating much wider CIAM ecosystems.

We’ll be discussing how:

• CIAM systems can allow businesses to offer more secure and personalised experiences.
• CIAM systems can empower customers to take control of their identity, performing secure account recovery and verification actions using their identity documents.
• Registration as a service can both eliminate friction at account opening and securely proof identities.
• Data integrity is all but guaranteed, letting you focus more resources on what matters to your business.

(This webinar was originally presented in collaboration with iSMG Media Group)

Join this 15’ webinar for an update on the latest trends for an agile cloud-based Collections and Recovery (C&R) operation.

C&R is not different to any other part of the organisation, it seeks regulatory adherence, low TCO and Impairments, whilst achieving high staff and customer satisfaction. So much is changing that a necessary capability to assure success is an agile operating model. As we start to talk C&RaaS, what are the key determinates impacting the near-term operating model?

Please join:
Bruce Curry, Vice President, Collections and Recovery EMEA, FICO
David Bailey, FintechPractice Lead, FICO
John McMahon, Senior Partner, Collections and Recovery EMEA, FICO