Given the technical and operational challenges that come with this regulation, banks need to prioritize preparations for compliance.

But U.S. institutions need more bravery to catch up with others in the financial industry by embracing cutting-edge innovations with less fear.

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A recent survey finds that, while the industry has made a lot of progress, there’s still a ways to go to optimally balance frictionless CX and customer protection.

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On the BAI Banking Strategies podcast, Jake Emry, a fraud prevention expert at NICE Actimize, discusses how regulators are reinterpreting existing laws, and how banking institutions can better protect themselves.

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Educating consumers about the potential dangers helps keep them safe, and it also protects the industry.

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With sanctions against Russia’s war in Ukraine top of mind, standard regulatory requirements need to be more sophisticated than ever.

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Scams to boost scores cause significant losses for banks and consumers alike — and the financial system is ill-equipped to fix it.

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Other lending institutions that offer small business loans should follow this issue as state legislatures weigh tougher rules to protect borrowers.

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With device-based scams on the rise, banks need to take steps to protect their customers—and themselves.

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To survive and thrive, the banking industry should keep an eye on the fundamentals while preparing for new laws and regulations.

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With social engineering scams on the rise, banks and credit unions must adopt new strategies to combat fraud and maintain trust.

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The clear trend is toward digital, but payments using paper still represent a big chunk of the market.

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Jason Kratovil, head of public policy at SentiLink, stops by the BAI Banking Strategies podcast to discuss credit washing and the cost it's imposing on the banking industry.

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Cybersecurity success depends on three factors: people, passwords and apps.

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Amid increasingly sophisticated scammers, banks and credit unions need to understand their risks and how to reduce them.

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An innovative, consumer-centric approach to protecting customers from identity fraud can help banking institutions build trust and loyalty.

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Some banking organizations are leveraging adverse media screening to search for customer information that might suggest an elevated risk of money laundering.

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A hybrid approach combining rule-based models with AI may be more effective in reducing false positives and identifying suspicious behavior.

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From standardized data collection to efficient reporting systems, the industry can capitalize on growing opportunities.

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Your banking institution is still planning its digital modernization, but how wisely have you integrated security and compliance practices into your roadmap?

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