Experian’s Post

Stop chasing red flags and start predicting them! Explore how advanced data analytics identify & prevent fraud in real-time, securing your payments & building trust. Read our blog & gain the upper hand!  #WeAreESQ #DataAnalytics

Enhanced Experian Ascend Technology Platform Transforms Software for Credit, Fraud and Analytics "Our mission is to develop world-class software and support organizations around the world on their journeys toward more sophisticated fraud prevention, marketing and credit strategies,” said Alex Lintner CEO Experian Software Solutions. “The evolution of our platform reaffirms our commitment to drive innovation and empower businesses to thrive. Its capabilities are unmatched and represent a significant leap forward in lending technology, democratizing access to data in compliant ways while enabling lenders of all sizes to seamlessly validate their customers’ identities with confidence, help expand fair access to credit and offer awesome user and customer experiences.” Daniel DeMeo https://lnkd.in/ek6Rvryb #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

🔒 Unlock the potential of digital first due diligence! Our latest article in our Future of Financial Crime series explores the benefits of embracing a digital first approach to due diligence. Discover how automation, improved data validation, data integration, and dynamic customer risk scoring can transform customer lifecycle management. 👉 See below read more and participate in the poll https://lnkd.in/eGrkx2mR #FinancialCrime #FutureofFinancialCrime #DueDiligence #CustomerExperience #DigitalTransformation #RiskManagement #DeloitteFA

Dive into the realm of customer data with our partner, Amplifi's latest blog post, where we discuss how to: 🔑 Discover how customer data holds the key to unlocking powerful insights that can revolutionize financial strategies and decision-making processes. 🔓 Explore the potential of leveraging customer data to enhance risk assessment, fraud detection, and personalized financial services. 💥 Uncover the delicate balance between data privacy regulations and the need for data-driven innovation in the financial industry. 💡 Gain insights into ethical practices that ensure data security and protect customer trust. #mdm #data #dataplatform #customerdata #financialdata #datagovernance #dataquality https://hubs.ly/Q01X45J20

CRS CFPB Proposes New Regulation on Consumer Data Rights [19 December 2023] https://lnkd.in/eNdgNQ96   On October 31, 2023, the Consumer Financial Protection Bureau (CFPB) proposed a new regulation, referred to as the Personal Financial Data Rights rule, to implement Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203). The law provides consumers with a right of access to their financial information, and the proposal would clarify the standards to support this data right. The proposed standards include online data interface requirements, the types of financial data covered, obligations for third-party financial institutions accessing consumer data, and data privacy and security.   The goal of the CFPB’s proposal is to give consumers control of their bank account and credit card information and make data sharing safe, secure, and reliable. The CFPB director argues that if consumers can more easily share their financial information in electronic formats, they will find it easier to switch financial institutions, access credit, and use innovative new financial products and services, increasing competition in consumer financial services. For example, the proposal could allow a consumer to more easily share (1) bill pay information with another financial institution to switch to another bank, (2) bank account transaction information with a lender to qualify for a loan, or (3) credit card transaction information with a financial technology provider that analyzes spending behavior to help spend less.

We’re thrilled to announce our partnership with Middesk. Together we can provide fintechs and banks with a complete picture of customer risk, allowing clients to achieve more risk coverage, precision, and efficiency to confidently onboard users and proactively stay ahead of evolving threats. Compliance teams have the mandate to fight financial crime — but they are too often hamstrung by the tools and approaches of yesterday. Our modern API-first solutions can improve detection methods, break down siloed data, and automate away extraneous work that slows down compliance teams every day. —- “We’re thrilled to partner with Middesk,” says Brock Bontrager, CEO of Sandbar. “Their rich business identity data helps ensure end-customers are trustworthy. Together, our clients can see a complete picture of customer risk, unlocking the clarity and agility they need to stay ahead of changing threats.” “We’re excited to team up with Sandbar to help fight financial crime,” says Kyle Mack, CEO of Middesk. “By leveraging Sandbar’s advanced monitoring engine and Middesk’s business identity data, fintechs will be able to build a more comprehensive, real-time assessment of customer risk.” Learn more here: https://lnkd.in/ecanfYhC

Financial institutions tread a fine line between security and customer satisfaction. Dive into the constant struggle as advanced security tools, driven by AI and analytics, raise the stakes in the fight against fraud. #FinancialServices #CCGCatalyst #BankAndFintech How Do We Balance Security and Customer Experience in Financial Services?: Tyler Brown https://lnkd.in/gXKvFMUj

There are a few moments in your career when you beam with excitement about being part of something BIG. Today is one of those days! Our groundbreaking Experian Ascend Technology Platform was showcased at #Vision2024. This recognition is a testament to the hard work and innovation of our team. The platform is set to reshape the future of Financial Services by integrating software for credit, fraud, and analytics. Check out the link below to learn more about this game-changing technology. #ExperianAscend #FinancialServices #Innovation

We are proud to share that CGI Hotscan360 business solution has been recognized as a market leader by leading research and advisory firm Celent in its latest Financial Crime Compliance Technology: Watchlist Screening Edition report. “With electronic payments becoming faster and more frequent, our ability to help clients protect their organization from financial crime is a key element of our adaptive banking strategy,” says Andy Schmidt, Vice-President & Global Industry Lead for Banking at CGI. “By combining scalability, granularity, and AI, CGI’s Hotscan360 solution enables clients to quickly scan structured and unstructured message formats at high speeds, and with extremely low false positive rates.” Read more in the press release https://go.cgi.com/442D5K6   #payments #adaptivebanking #banking #financialcrime #compliance

Dive into the challenges faced by FIs as advanced algorithms identify money laundering. Discover the delicate line between security and customer satisfaction. 🌐 #FinancialServices #CCGCatalyst #BankAndFintech How Do We Balance Security and Customer Experience in Financial Services?: Tyler Brown https://lnkd.in/gXKvFMUj