eCommerce Payment Gateways: An IntroductionAidanChard
This blog post gives an introduction to eCommerce payment gateways, including the most popular payment gateways, how a payment gateway works, and how you can use one properly.
Peter Afanasiev - Architecture of online PaymentsCiklum Ukraine
Payment Service Providers
Merchant Payment Systems
General architecture of a Payment System
Know-hows:
Payment queues with MSSQL Broker
Adapter Polymorphism
Tracing in Service Oriented World
Dynamic configuration editor with ASP.Net MVC
eCommerce Payment Gateways: An IntroductionAidanChard
This blog post gives an introduction to eCommerce payment gateways, including the most popular payment gateways, how a payment gateway works, and how you can use one properly.
Peter Afanasiev - Architecture of online PaymentsCiklum Ukraine
Payment Service Providers
Merchant Payment Systems
General architecture of a Payment System
Know-hows:
Payment queues with MSSQL Broker
Adapter Polymorphism
Tracing in Service Oriented World
Dynamic configuration editor with ASP.Net MVC
What is Payment Tokenization?
Tokenization enables banks, acquirers and merchants to offer more secure (mobile) payment services.
It is the process of replacing card data with alternate values.
The original personal account number (PAN) is disconnected and replaced with a unique identifier called a payment token.
The ‘mapping’ between the real PAN and the payment tokens is safely stored in the token vault.
With tokenization the original PAN information is removed from environments where data can be vulnerable.
Why tokenization?
Tokenization heavily reduces payment fraud by removing confidential consumer credit card data from the network.
The original data stays in the bank’s control. External systems have no access to this.
Tokens are not based on cryptography and can therefore not be traced back to the original value.
How does tokenization work?
Step 1: A payment token is generated from the PAN for one time use within a specific domain such as a merchant’s website or channel.
Tokens are sent to the token vault and stored in a PCI-compliant environment which does not allow merchants to store credit card numbers.
Step 2: Tokens are loaded on the mobile device.
Step 3: The NFC device makes a payment at a merchant’s NFC point-of-sales (POS) terminal.
Step 4: The POS terminal sends the token to the acquiring bank, which sends it to the issuing bank through the payment network.
Step 5: The issuer de-tokenizes the token to the real PAN and, if in order, approves the payment.
Step 6: After authorization from the card issuer, the token is returned to the merchant’s POS terminal.
Payment tokens perform like the original PAN for returns, sales reports, marketing analysis, recurring payments etc.
20. How can I issue tokens?
In order to use tokenization, a bank or merchant should become a token service provider (TSP).
A TSP manages the entire lifecycle of payment credentials including:
1. Tokenization: replaces the PAN with a payment token.
2. De-Tokenization: converts the token back to the PAN using the token vault.
3. Token vault: establishes and maintains the payment token to PAN mapping.
4. Domain management: improves protection by defining payment tokens for specific use.
5. Clearing and settlement: ad-hoc de-tokenization during clearing and settlement process.
6. Identification and verification: ensures the original PAN is legitimately used by the token requestor.
Thinking of issuing payment tokens to e.g. secure mobile payments or secure your online sales channel? Bell ID can help: www.bellid.com – info@bellid.com
Martin Cox – Global Head of Sales
Big Data Monetization - The Path From Internal to ExternalcVidya Networks
"How can big data help us accelerate external monetization?"
A presentation by Hezi Zelevski, VP Corporate Development at cVidya
Presented in the " Monetizing Big Data in Telecoms World Summit 2015" conference in Singapore on April 20-21, 2015
Secure QR code payment is one of the Mobile payment solution of Mobile Money.
jrsys Patented Secure QR code contains not only the URL but also a digital signed data.
www.jrsys.com.tw
Digital wallet service in india - NetscribesNetscribes
A digital wallet is a virtual web and mobile-based wallet where one can store cash for making mobile, online or offline payments
For the complete report, please write to info@netscribes.com
We stand on the trifecta of digitization: automation, enhanced diligence, and robust decisioning for straight through processing; creating a state-of-the-art digitization process without compromising on security and quality.
apidays LIVE Hong Kong 2021 - Federated Learning for Banking by Isaac Wong, W...apidays
apidays LIVE Hong Kong 2021 - API Ecosystem & Data Interchange
August 25 & 26, 2021
Federated Learning for Banking
Isaac Wong, AI Solution Architect at WeBank
What is Payment Tokenization?
Tokenization enables banks, acquirers and merchants to offer more secure (mobile) payment services.
It is the process of replacing card data with alternate values.
The original personal account number (PAN) is disconnected and replaced with a unique identifier called a payment token.
The ‘mapping’ between the real PAN and the payment tokens is safely stored in the token vault.
With tokenization the original PAN information is removed from environments where data can be vulnerable.
Why tokenization?
Tokenization heavily reduces payment fraud by removing confidential consumer credit card data from the network.
The original data stays in the bank’s control. External systems have no access to this.
Tokens are not based on cryptography and can therefore not be traced back to the original value.
How does tokenization work?
Step 1: A payment token is generated from the PAN for one time use within a specific domain such as a merchant’s website or channel.
Tokens are sent to the token vault and stored in a PCI-compliant environment which does not allow merchants to store credit card numbers.
Step 2: Tokens are loaded on the mobile device.
Step 3: The NFC device makes a payment at a merchant’s NFC point-of-sales (POS) terminal.
Step 4: The POS terminal sends the token to the acquiring bank, which sends it to the issuing bank through the payment network.
Step 5: The issuer de-tokenizes the token to the real PAN and, if in order, approves the payment.
Step 6: After authorization from the card issuer, the token is returned to the merchant’s POS terminal.
Payment tokens perform like the original PAN for returns, sales reports, marketing analysis, recurring payments etc.
20. How can I issue tokens?
In order to use tokenization, a bank or merchant should become a token service provider (TSP).
A TSP manages the entire lifecycle of payment credentials including:
1. Tokenization: replaces the PAN with a payment token.
2. De-Tokenization: converts the token back to the PAN using the token vault.
3. Token vault: establishes and maintains the payment token to PAN mapping.
4. Domain management: improves protection by defining payment tokens for specific use.
5. Clearing and settlement: ad-hoc de-tokenization during clearing and settlement process.
6. Identification and verification: ensures the original PAN is legitimately used by the token requestor.
Thinking of issuing payment tokens to e.g. secure mobile payments or secure your online sales channel? Bell ID can help: www.bellid.com – info@bellid.com
Martin Cox – Global Head of Sales
Big Data Monetization - The Path From Internal to ExternalcVidya Networks
"How can big data help us accelerate external monetization?"
A presentation by Hezi Zelevski, VP Corporate Development at cVidya
Presented in the " Monetizing Big Data in Telecoms World Summit 2015" conference in Singapore on April 20-21, 2015
Secure QR code payment is one of the Mobile payment solution of Mobile Money.
jrsys Patented Secure QR code contains not only the URL but also a digital signed data.
www.jrsys.com.tw
Digital wallet service in india - NetscribesNetscribes
A digital wallet is a virtual web and mobile-based wallet where one can store cash for making mobile, online or offline payments
For the complete report, please write to info@netscribes.com
We stand on the trifecta of digitization: automation, enhanced diligence, and robust decisioning for straight through processing; creating a state-of-the-art digitization process without compromising on security and quality.
apidays LIVE Hong Kong 2021 - Federated Learning for Banking by Isaac Wong, W...apidays
apidays LIVE Hong Kong 2021 - API Ecosystem & Data Interchange
August 25 & 26, 2021
Federated Learning for Banking
Isaac Wong, AI Solution Architect at WeBank
PCI DSS can be one of the most infuriating set of standards on the compliance landscape. While it seems simple--six domains and twelve requirements--the art of interpreting PCI can lead to full blown war in an organization--with the security team at the center. In this session we’ll demystify some of the more difficult and misunderstood aspects of PCI DSS. We’ll cover the important changes from recently announced PCI DSS 3.0. We’ll also discuss the best practices for starting (and maintaining) a PCI DSS initiative in an organization and how to avoid battles with the QSA.
9,000 Ways to Optimize Outcomes in Financial ServicesPrecisely
Trusted analytics and predictive data models require accurate, consistent, and contextual data. Even with the vast amount of internal business data available, financial services institutions are looking to trusted 3rd party data to fuel analytical models with new and relevant attributes to gain meaningful insights.
With over 9,000 data attributes describing the people, places, and a myriad of details for any given location, Precisely is uniquely positioned to help Financial Services companies create new and innovative insights from data. Stay ahead of the competition and gain a competitive advantage with trusted data for confident business decisions.
During this webinar, you will see how our clients are leveraging innovative strategies to unlock the power of data. Use cases will include:
Commercial Lending: How do I efficiently understand collateral?Mortgage: Improved understanding of comps in a volatile market?Credit Card: How do I drive more card transactions via location understanding? Network Optimization: Where are my customers and how do they want to interact with me?Cross Sell: Who is my customer and what products should I offer her?Investment Banking: What alternative data helps me better understand investment opportunities?ESG: How can I better understand and predict the impact of new ESG initiatives on my profitability?Improve Efficiencies: Increase accuracy of comps and create amenity scores to improve Automate Physical Appraisal Waiver decision-making
Relying on Data for Strategic Decision-Making--Financial Services ExperienceCloudera, Inc.
Many Federal agencies can benefit from the real-world experience of the financial services sector when it comes to best practices for big data management, cybersecurity, and fraud detection and mitigation. The reality is that most government organizations struggle to manage and reconcile financial information, as they must rely on a mix of legacy systems and newer applications to make fundamental business decisions. If you have big data challenges and are looking for a better way to streamline and secure data management to support your agency’s business and IT operations, plan to attend this session. This is your opportunity to understand how Hadoop can support your specific financial management mandates and help you use your organizational information to make defensible, data-driven decisions.
The term “alternative data” is tossed about in the industry, but what types of alternative data can truly be used when lenders want to make a credit decision? How can it be leveraged to help you grow your credit portfolio wisely? What insights can you glean to expand your consumer universe?
Uncover some of the latest trends attached to the non-prime universe and learn the latest around alternative credit data. This deck additionally explores how some of the newest attributes can benefit lenders of all sizes.
Aguai Solutions Perspective on New Age Digital Lending. Leverage the power of Digital Infrastructures to offer a Convenient of Lending to the right consumers through right Digital 30 degree of Credit Risk scores
Introducing: Powered by Avant and AvantVerify Kevin Lewis
Powered by Avant has quickly become the leading end to end technology provider for banks and FIs. We are now launching AvantVerify, our first stand-alone, multi-product fraud tool. Excited for some big partner announcements in the coming months...
Revolutionizing lending in today's digital worldExperian
Imagine a world where the lending journey is streamlined and aligned with today's innovative technologies. A world where income and asset verification happen real-time. No need to return to your customers and request even more paperwork to support their ability to pay. This presentation dives into how lenders can now bring financial data aggregation into the mainstream. With a simple interface, lenders can verify income and assets in minutes vs. days, leading to reduced processing times, improved revenue streams and higher customer satisfaction.
Oμιλία από τον Γιάννης Δοξαράς, Founder & CEO, Warply στο πλαίσιο του Digital Finance Forum 2016
Περισσότερες πληροφορίες: http://digitalfinance.ethosevents.eu/
EVOLVING PATTERNS IN BIG DATA - NEIL AVERYBig Data Week
Neil has a long history in large scale, distributed computing, ranging from architecting large scale risk-analytic systems, running startups, to data-heavy weather analysis using data-grids. He is a certified Datastax Solution Architect with Cassandra, Spark and Solr and was previously a Principle Architect at Thoughtworks where he lead several large scale projects in Retail, Logistic and other interesting fields.
apidays LIVE Paris - Drawing the right lines: DDD, APIs and Microservices by ...apidays
apidays LIVE Paris - Responding to the New Normal with APIs for Business, People and Society
December 8, 9 & 10, 2020
Drawing the right lines: DDD, APIs and Microservices
Ronnie Mitra, Director of Technology at Publicis Sapient
BankMobile (joint presentation: "The Secret to Building The Uber Mobile Banki...Dan Armstrong
BankMobile's part of a joint presentation: "The Secret to Building The Uber Mobile Banking App" together with Jim Marous The Financial Brand) and Meaghan Johnson (Mapa Research) - BAI Retail Delivery 2015, Las Vegas NV.
Mobile Financial Services Distribution: Partnerships, Alliances & Joint-VenturesDan Armstrong
Some thoughts and examples on success factors in implementing mobile / electronic payments services in partnerships, alliances, and joint-ventures. This includes varying views on collaboration for mobile payments. Players, financial cases and implementation. Also discussed are mobile network operators, banks, intermediaries and distribution trends.
Rabo Development Retail Distribution & Channel Strategies & Successes Dan Armstrong
Recent presentation on banking distribution in markets where mobile is the sole channel, and other markets where mobile adds differentiation and service extension to other banking channels.
Distribution Approaches & Collaboration TrendsDan Armstrong
A few types of collaboration. Strengths & weaknesses in MNO collaboration, comparison of business models. Developed World Case Study: joint-venture between banks & MNOs to launch NFC services. Developing World Case Study: MNO & bank collaboration on agency banking & integration with MNO Mobile Money (MM) e-value systems: a.) from a business point of view, and b.) from a customer point of view
techMAP Amsterdam: Thoughts on the Mobile WalletDan Armstrong
Slides accompanying the techMap Amsterdam talks tonight with Eelco van Wijk - CEO PayPal Benelux, David-Jan Janse (Rabobank), Wouter In 't Velt (VODW) and Geert-Jan van Nunen (4me).
Mobile Banking & Rabo Development Partner BanksDan Armstrong
A brief presentation made for Rabobank Groep ICT on Rabo Development partner banks and the launch of mobile banking in Zambia, Tanzania, Malawi and Rwanda (2008-2010).
Into the Box Keynote Day 2: Unveiling amazing updates and announcements for modern CFML developers! Get ready for exciting releases and updates on Ortus tools and products. Stay tuned for cutting-edge innovations designed to boost your productivity.
Experience our free, in-depth three-part Tendenci Platform Corporate Membership Management workshop series! In Session 1 on May 14th, 2024, we began with an Introduction and Setup, mastering the configuration of your Corporate Membership Module settings to establish membership types, applications, and more. Then, on May 16th, 2024, in Session 2, we focused on binding individual members to a Corporate Membership and Corporate Reps, teaching you how to add individual members and assign Corporate Representatives to manage dues, renewals, and associated members. Finally, on May 28th, 2024, in Session 3, we covered questions and concerns, addressing any queries or issues you may have.
For more Tendenci AMS events, check out www.tendenci.com/events
Code reviews are vital for ensuring good code quality. They serve as one of our last lines of defense against bugs and subpar code reaching production.
Yet, they often turn into annoying tasks riddled with frustration, hostility, unclear feedback and lack of standards. How can we improve this crucial process?
In this session we will cover:
- The Art of Effective Code Reviews
- Streamlining the Review Process
- Elevating Reviews with Automated Tools
By the end of this presentation, you'll have the knowledge on how to organize and improve your code review proces
Paketo Buildpacks : la meilleure façon de construire des images OCI? DevopsDa...Anthony Dahanne
Les Buildpacks existent depuis plus de 10 ans ! D’abord, ils étaient utilisés pour détecter et construire une application avant de la déployer sur certains PaaS. Ensuite, nous avons pu créer des images Docker (OCI) avec leur dernière génération, les Cloud Native Buildpacks (CNCF en incubation). Sont-ils une bonne alternative au Dockerfile ? Que sont les buildpacks Paketo ? Quelles communautés les soutiennent et comment ?
Venez le découvrir lors de cette session ignite
We describe the deployment and use of Globus Compute for remote computation. This content is aimed at researchers who wish to compute on remote resources using a unified programming interface, as well as system administrators who will deploy and operate Globus Compute services on their research computing infrastructure.
Field Employee Tracking System| MiTrack App| Best Employee Tracking Solution|...informapgpstrackings
Keep tabs on your field staff effortlessly with Informap Technology Centre LLC. Real-time tracking, task assignment, and smart features for efficient management. Request a live demo today!
For more details, visit us : https://informapuae.com/field-staff-tracking/
In 2015, I used to write extensions for Joomla, WordPress, phpBB3, etc and I ...Juraj Vysvader
In 2015, I used to write extensions for Joomla, WordPress, phpBB3, etc and I didn't get rich from it but it did have 63K downloads (powered possible tens of thousands of websites).
May Marketo Masterclass, London MUG May 22 2024.pdfAdele Miller
Can't make Adobe Summit in Vegas? No sweat because the EMEA Marketo Engage Champions are coming to London to share their Summit sessions, insights and more!
This is a MUG with a twist you don't want to miss.
Accelerate Enterprise Software Engineering with PlatformlessWSO2
Key takeaways:
Challenges of building platforms and the benefits of platformless.
Key principles of platformless, including API-first, cloud-native middleware, platform engineering, and developer experience.
How Choreo enables the platformless experience.
How key concepts like application architecture, domain-driven design, zero trust, and cell-based architecture are inherently a part of Choreo.
Demo of an end-to-end app built and deployed on Choreo.
Enterprise Resource Planning System includes various modules that reduce any business's workload. Additionally, it organizes the workflows, which drives towards enhancing productivity. Here are a detailed explanation of the ERP modules. Going through the points will help you understand how the software is changing the work dynamics.
To know more details here: https://blogs.nyggs.com/nyggs/enterprise-resource-planning-erp-system-modules/
Exploring Innovations in Data Repository Solutions - Insights from the U.S. G...Globus
The U.S. Geological Survey (USGS) has made substantial investments in meeting evolving scientific, technical, and policy driven demands on storing, managing, and delivering data. As these demands continue to grow in complexity and scale, the USGS must continue to explore innovative solutions to improve its management, curation, sharing, delivering, and preservation approaches for large-scale research data. Supporting these needs, the USGS has partnered with the University of Chicago-Globus to research and develop advanced repository components and workflows leveraging its current investment in Globus. The primary outcome of this partnership includes the development of a prototype enterprise repository, driven by USGS Data Release requirements, through exploration and implementation of the entire suite of the Globus platform offerings, including Globus Flow, Globus Auth, Globus Transfer, and Globus Search. This presentation will provide insights into this research partnership, introduce the unique requirements and challenges being addressed and provide relevant project progress.
OpenFOAM solver for Helmholtz equation, helmholtzFoam / helmholtzBubbleFoamtakuyayamamoto1800
In this slide, we show the simulation example and the way to compile this solver.
In this solver, the Helmholtz equation can be solved by helmholtzFoam. Also, the Helmholtz equation with uniformly dispersed bubbles can be simulated by helmholtzBubbleFoam.
Enhancing Project Management Efficiency_ Leveraging AI Tools like ChatGPT.pdfJay Das
With the advent of artificial intelligence or AI tools, project management processes are undergoing a transformative shift. By using tools like ChatGPT, and Bard organizations can empower their leaders and managers to plan, execute, and monitor projects more effectively.
Innovating Inference - Remote Triggering of Large Language Models on HPC Clus...Globus
Large Language Models (LLMs) are currently the center of attention in the tech world, particularly for their potential to advance research. In this presentation, we'll explore a straightforward and effective method for quickly initiating inference runs on supercomputers using the vLLM tool with Globus Compute, specifically on the Polaris system at ALCF. We'll begin by briefly discussing the popularity and applications of LLMs in various fields. Following this, we will introduce the vLLM tool, and explain how it integrates with Globus Compute to efficiently manage LLM operations on Polaris. Attendees will learn the practical aspects of setting up and remotely triggering LLMs from local machines, focusing on ease of use and efficiency. This talk is ideal for researchers and practitioners looking to leverage the power of LLMs in their work, offering a clear guide to harnessing supercomputing resources for quick and effective LLM inference.
Check out the webinar slides to learn more about how XfilesPro transforms Salesforce document management by leveraging its world-class applications. For more details, please connect with sales@xfilespro.com
If you want to watch the on-demand webinar, please click here: https://www.xfilespro.com/webinars/salesforce-document-management-2-0-smarter-faster-better/
Software Engineering, Software Consulting, Tech Lead.
Spring Boot, Spring Cloud, Spring Core, Spring JDBC, Spring Security,
Spring Transaction, Spring MVC,
Log4j, REST/SOAP WEB-SERVICES.
Globus Connect Server Deep Dive - GlobusWorld 2024Globus
We explore the Globus Connect Server (GCS) architecture and experiment with advanced configuration options and use cases. This content is targeted at system administrators who are familiar with GCS and currently operate—or are planning to operate—broader deployments at their institution.
Cyaniclab : Software Development Agency Portfolio.pdfCyanic lab
CyanicLab, an offshore custom software development company based in Sweden,India, Finland, is your go-to partner for startup development and innovative web design solutions. Our expert team specializes in crafting cutting-edge software tailored to meet the unique needs of startups and established enterprises alike. From conceptualization to execution, we offer comprehensive services including web and mobile app development, UI/UX design, and ongoing software maintenance. Ready to elevate your business? Contact CyanicLab today and let us propel your vision to success with our top-notch IT solutions.
Quarkus Hidden and Forbidden ExtensionsMax Andersen
Quarkus has a vast extension ecosystem and is known for its subsonic and subatomic feature set. Some of these features are not as well known, and some extensions are less talked about, but that does not make them less interesting - quite the opposite.
Come join this talk to see some tips and tricks for using Quarkus and some of the lesser known features, extensions and development techniques.
2. Platform Peers/Competition
“This year has already seen $3.2 billion in
venture dollars go into the identity
management space—about 2.5x the amount of
investment from last year’s $1.3 billion, which
was already a record.”
(Crunchbase News Dec 7, 2021)
3. Recent Fundraising Activities of Peers/Competition
Raised $100M in Series C funding on a
$1.35B valuation; bringing total funding
to >$150M since 2015
September 2021
Raised $100M on a $1.3B valuation;
raised another $96M in other rounds to-
date
March 2021
Raised another $450M in Series E
funding on a $4.5B valuation; $649.6M
total funding to-date
November 2021
Raised $200M in Series B funding on a
$1.25B valuation, revenues grew 6x
over 2021
December 2021
Raised $535M in Series A funding on a
$2.2B pre-money valuation for the
password startup
June 2021
Raised $349M in Series D funding on a
$1.75B valuation for the online
verification company
June 2021
Raised $34M of Series A function on a
$300M valuation for the
KYC/Fraud/SAR company
July 2021
Raised $150M from Grant Hill Partners
bringing total funding to $205.4M to-
date
March 2021
Raised $70M in Series B funding,
bringing total funding to $84M for the
fraud/AI/KYC company
August 2021
Raised $47M in Series A funding
bringing total funding to $52M for the
distributed KYC/Fraud company.
March 2021
5. (evaluation)
(evaluation)
The VSP “Risk Automation Hub”
Third-Party Data Sources Products, Processes, Channels or Partners
SMB.UX
4 Scoring Models (2022-)
6 Scoring Models (2021-)
1 Scoring Model (2019-)
5 Scoring Models (2022-)
1 Scoring Model (2021-)
2 Scoring Models (2020-2022)
4 Scoring Models (2022-)
2 Scoring Models (Q2 2022-)
2 Scoring Models (2019-)
FP&I 4 Scoring Models (2019-)
4 Scoring Models (2022-)
2 Scoring Models (2022-)
Single
API
Realtime APIs to all required data
sources scores individuals,
businesses, devices, location.
BSA Compliance / Approval
Customer Due Diligence
Fraud & Credit Risk
Enterprise Process Automation
Customized models, alerts, watchlists,
review standards, thresholds or risk
tolerance.
Any Delivery Channel (online, kiosk, in-
branch, mobile, tablet, relationship
managers)
Powers Embedded Finance Partnerships
VSP Data, Third-Party Data, Scoring,
Alerting, Investigations, Compliance,
Risk, Digital Banking Origination Support.
Trends, A/B Testing
Reporting, Marketing
Datalake, AI & ML
Open API
3 Scoring Models (2022-)
6. Consumer Digital Savings
Account
Example of Using “Ingredients” to Build Channel Distribution “Recipes”
Third-Party Data Sources Products, Processes, Channels or Partners
7. Example of Using “Ingredients” to Build Channel Distribution “Recipes”
Third-Party Data Sources Products, Processes, Channels or Partners
Commercial Bundles with
Checking & $100,000
Term Loan
8. Microsoft Azure (vspinsight.net)
High-Level Platform Overview
VSP Applications
(67)
Dashboard
Scoring API
Users, Platforms, Processes
& Fintech Partners
Microsoft Azure ASE Environments, Data Access Components, DevOps
3rd Party Data Source Integrations
10. VSP Data Sources
Consumer Identity Records
LexisNexis®
• InstantID® – Verifies personal information such as name, consumer address,
phone, identification document, date of birth and social security or tax
identification number; as well as watchlist screening like OFAC, PEP.
Fraud
LexisNexis®
• FraudPoint® – Fraud score to reduce the risk associated with identity fraud
(stolen identities, manipulated or synthetic identities, friendly/vulnerable victim
fraud, or suspicious behavior with presented credentials.
LexisNexis®
• Emailage® – Email risk scoring based on reported fraud with email addresses,
IP address, risky domains and ISPs, velocity, geolocation, access networks,
and social media profile presence.
Phone Data
Early Warning™ • RealTime Deposit Chek w/Account Ownership Authentication – Account
ownership and status checks for DDAs and SAs using Early Warning’s data
contribution network.
Experian™ • PreciseID ® – Identity verification risk identification for identity theft, synthetic
identity and first party fraud, along with tools that facilitate confirmation when
risks are detected.
Knowledge-Based Authentication
Experian™ • Knowledge IQSM
– Configurable identity-based risk scoring with out-of-wallet
questions for applicants or step-up authentication scenarios and can include
custom questions.
LexisNexis®
• InstantID Q&A® – Knowledge-based answers to questions with configurable
question and answer rules, and leverages more than traditional, credit-header
based information.
LexisNexis®
• Consumer Bankruptcies, Foreclosures, Judgements, Liens – Real-time inquiry
into all bankruptcies, foreclosures, judgments, liens, as well as property
ownership status. 2022
Consumer Credit & Risk
Experian™ • VantageScore V3® – Tri-bureau consumer credit score (Experian, TransUnion
and Equifax) for consumer lending risk scoring, including Adverse Action
Reasons and risk indicators.
Experian™ • FICO V2® – Experian-provided FICO® consumer credit score, including
Adverse Action Reasons and risk indicators.
LexisNexis® • RiskView™ – LexisNexis’s alternative credit data product, with models focused
on performance for credit cards, personal loans, auto lending and
telecommunications scenarios.
Twilio • Lookup – Realtime delivery of phone number data, mobile/landline/VOIP
status, network provider and number resolution details.
Boku • Data Match – Delivery of data attributes match scoring for phone number
ownership that covers name, address and date of birth, based upon wireless
carrier information and other data sources.
LexisNexis®
• InstantID Business® – Identity verification for US-based businesses, which
includes government registrations, bureau, public records verification, as well
as scores the linkage between authorized representatives of the business.
LexisNexis®
• UCC Filings – Real-time inquiry into current and historical UCC filings tied to
business entities. 2022
LexisNexis®
• Commercial Bankruptcy, Judgements & Liens – Real-time inquiry into all
business bankruptcies, foreclosures, judgments, liens, as well as other risk
indicators. 2022
Experian™ • Business ProfilePlus ReportSM
– Business profile and validation of business
information, corporate registration, industry, tax liens and judgements, potential
bankruptcies, and UCC details. 2022
FICO®
• Liquid Credit / Small Business Scoring Service (SBSS)SM
7 – Small business
risk assessment scoring, including business and consumer risk indicators, soft
pulls and rescoring capabilities. Models: Commercial Term Loan, Line of
Credit, Startup, Leasing, Commercial Card.
Experian™ • Intelliscore PlusSM
– Premier business credit tool that assess risk quickly and
reduce slow-pay and write-offs, all while improving efficiency with score
segmentation
Other Data Sources
Google • Google Geolocation / Google Maps – Google APIs for geolocation based upon
IP address, mapping capabilities, plus VSP haversine formal calculations.
Mailgun • Email – SMTP email services for alerting, BSA processes, consumer
messaging and Adverse Action Notices.
Business Credit Records
Business Identity Records
NCFTA® • ListServIntel – Realtime data feeds (3) from the public-private partnership with
the FBI, Secret Service, IRS and US Department of Treasury for reported fraud
in banking, ecommerce and cyber/network attacks.
Device and Behavior Authentication
MaxMind®
• GeoIP2 Precision Insight / City / Country – Geolocation resolution using IP
address with varying degrees of information returned, incl. anonymizer type,
static IP scoring, average income and population density.
Experian™ • FraudNet – Precision device and behavior scoring for account opening and
account takeover that covers geolocation, velocity, device manipulation and
settings, risky countries, patented mismatch fraud detection tools.
FIS • QualiFile® – Consumer due diligence tool that leverages ChexSystems ®
proprietary database, external public records and credit bureau data to provide
an overall consumer risk score and risk indicators.
SAM.gov • Exclusions Check – Realtime check for U.S. Government GSA award
exclusions.
Twilio • SMS – SMS services for alerting, BSA processes, consumer messaging, SMS
OTP and SMS OTP validation, as well as other step-up authentication use
cases.
';--have i been pwned? • Email & Phone – Data breach reporting database that provides detailed hits on
email addresses and phone numbers involved in data breaches world-wide.
Experian™ • CrossCore® – Integration to Experian’s integrated, digital identity and fraud
platform for orchestrating decisions that can leverage multiple Experian-offered
data sources.
VSP • Risky Countries List – Active list of risky countries for geolocation, configurable
per-tenant.
VSP • Risky Carriers List – Active list of risky fixed and wireless for negative carrier
scoring rules that catch spoofed carrier profiles in other vendors, configurable
per-tenant.
VSP • Risky Domains List – Active list of risky domains for negative email scoring
rules, configurable per-tenant.
VSP • Disallow List – A universal “Blacklist” maintained by the VSP of confirmed
fraudulent credentials (2015-2022) across all consumer and business
portfolios, SBA PPP loan programs, etc. Configurable per tenant.
VSP • Velocity Lists – Velocity alerting and scoring stops based upon velocity of
scoring attempts, configurable per-scoring model and per-tenant.
IPQualityScore • Proxy/VPN Detection – IP reputation, fraud score, mail spam, bot and abusee
velocity scoring; device fingerprint; malicious URLs; phone number and email
validation.
11. Our Implementation Models
1. VSP handles complete E2E risk processes.
MaxMyInterest Savings Account Applications
Digital Business Checking Account Applications
Small Business Deposits & Loans
2. VSP plays a role automating other platform processes.
Digital SBA Lending – SBA & underwriting tasks carried out by partner
BMTX, Inc. Checking Account Applications – U.S. DoE rules, so BMTX documentary review based on VSP scoring
3. VSP used to automate specific tasks.
Treasury CAM process – uses a single vendor business risk score – via API from Salesforce
Small Business Lending Group KYC/KYB/Sanctions Screening tasks – via API from their platform
4. VSP used on an ad hoc basis.
Daily external account ownership scoring – via batch files from our core
Daily Non-VSP digital channel re-scoring – via batch files from our core
Adding authorized signers to business checking accounts
Fraud Investigations
12. 0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022
VSPVolumes
CUBI Consumer CUBI Business CUBI SBALending BMTX, Inc.
VSP Usage
• 2019
Consumer KYC, Sanctions Screening for Deposits
External Account Ownership & Batch Processes
• 2020
Digital Commercial Checking (businesses/signers)
Ad Hoc Scoring (adding Relationship Managers)
Begin Fintech Integrations
• 2021
SBA PPP, PLP Loans (KYB/KYC)
Commercial Risk Process Automation (Treasury CAM, authorized
signers, Secretary of State systems, etc.)
• 2022
Automated Scoring for Commercial Checking Account & Treasury
Products
Auto-Underwriting Commercial Term Loans, Lines of Credit
KYB/KYC/Fraud Checks for Customers Bank Small Business
Loans
SBA 7(a) Service Expansion (including SAM.gov)
CUBI Digital Banking
Group
CUBI BSA Group
CUBI Small Business
Lending Group (Q2
2022)
CUBI Fraud Group
CUBI Relationship
Managers
SMB - $50k LOC, $100k
Term Loans
CUBI nCino Treasury
CAMs Process
CUBI Tech-Enabled
Commercial Lending
BMTX, Inc.
Fintech Deposit
Partnerships
Fintech Partnership
SBA 7(a) Lending
Fintech Partnership
SBA 7(a) Lending
13. How we see the VSP
Own Data vs. Data Aggregation
Own
Data
Data
Aggregators
KYC/KYB, Identity, BSA Device, Location, Velocity, Fraud
Single Product vs. Platform Plays
Single
Product
Platform
KYC/KYB, Identity, BSA Device, Location, Velocity, Fraud
Pre-Baked vs. Customized Models
KYC/KYB, Identity, BSA Device, Location, Velocity, Fraud
Pre-Packaged
Customized
TMX
CrossCore
OAC
TMX
CrossCore
OAC
TMX
CrossCore
OAC
14. Own Data vs. Data Aggregation
Own
Data
Data
Aggregators
KYC/KYB, Identity, BSA Device, Location, Velocity, Fraud
TMX
CrossCore
OAC
How we see the VSP
Single Product vs. Platform Plays
Single
Product
Platform
KYC/KYB, Identity, BSA Device, Location, Velocity, Fraud
Pre-Baked vs. Customized Models
KYC/KYB, Identity, BSA Device, Location, Velocity, Fraud
Pre-Packaged
Customized
TMX
CrossCore
OAC
TMX
CrossCore
OAC
Proprietary VSP Scoring
Rules
+
Customers Have the
Option to Use VSP for
Single Product Use
Cases
+
Banks Can Use the
Tested “Out of the Box”
VSP Models
+
15. What did we learn?
“Built by a Bank, for Banks”
• Innovation is not limited to big banks.
With the right teams and leadership, mid-sized financial
institutions can truly innovate, develop unique and
valuable solutions.
Support from operational groups is key. Subject matter
and process experts can streamline development
considerably.
• Innovation must be driven top-down.
Senior management leading and protecting digital
transformation and innovation efforts pays off.
Re-thinking the way risk is carried out in a bank can lead
to substantial cost and time savings, and opportunity.
• Focus on building blocks.
Don’t try to boil the ocean.
Creation of re-usable components, cloud platforms and
building for sustainability pays off.