The key to reducing false positives while detecting more money laundering and other financial crimes is to radically improve detection

The video provides an overview of the FICO Score

FICO surveyed securities investors in a range of industries — including mortgage, auto and commercial lending.

94% of attendees said that the event gave them an improved understanding of tools they needed to manage their finances better in the future.

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.

The directives are clear for all EU entities, and the lack of compliance in the recent Baltics case has hurt the bank's share price and reputation.

SABF brings together consumer advocates, credit educators and community leaders to help consumers learn about credit scores and financial tools to help them achieve their dreams.

Banks are really starting to take a more integrated approach to financial crime management, and our announcement today about First National Bank (FNB) of Lebanon is a case in point.

Clearly, we need other approaches to AML case management than hiring investigators. An increase in both effectiveness and efficiency of the overall compliance process is required.

This blog explores the role credit scores have in the mortgage lending and automated underwriting process. This is particularly important for conforming mortgages or mortgages sold to government-sponsored enterprises (GSEs).

Can scoring trended data, or more accurately, trended credit bureau data, as some credit score companies claim, actually help expand credit access to these consumers?

Looking ahead to 2018, I predict a rising trend for organizations to do four things better than today in the realm of financial crime.

Ultimate beneficial ownership (UBO) identification and verification needs to become an essential component of customer onboarding and ongoing customer due diligence processes.