VALID Systems

🌟 Excited to share a video interview with Industry Expert and Advisor, Kevin Moss, and Donna Cichani, SVP of Product at VALID Systems. We dive into the latest emerging trends in #Fintech! 🚀 In this insightful discussion, we cover: > The rise of AI and its impact on financial services > Innovations in open banking and payments > Strategies for staying ahead in a rapidly evolving industry Don't miss out on this valuable conversation. Watch the full interview now and let us know your thoughts in the comments! 👇 #FintechTrends #Innovation #AI #Blockchain #DigitalBanking #FinancialServices #FutureOfFinance #Valid

Thank you for the kind words! We're happy to hear that our partnership has made such a positive impact. At VALID, we're committed to providing attentive and dependable service, and we're excited to continue helping you expand and improve your client experiences! validadvantage.com #fintech #fraudprevention #financialsecurity #securetransactions #digitalbanking #aiinfinance #machinelearning #riskmanagement #innovation #financialtechnology #cybersecurity #dataprotection #fintechsolutions #financialservices #techinfinance #futureoffinance #securebanking #blockchain #smartfinance #digitaltransformation

How tricky it can be to keep up with constantly changing regulations, right? That's why we’re always on the lookout for new rules and updates, making sure our solutions stay compliant with the latest industry standards. Our dedicated team is here to help you navigate the complex regulatory landscape without a hitch. We don’t just keep up with changes—we offer personalized compliance support tailored to your needs. This means you can avoid legal risks and stay on top of regulations while focusing on what you do best. Let us handle the nitty-gritty details of compliance so you can concentrate on growing your business. validadvantage.com #fintech #fraudprevention #financialsecurity #securetransactions #digitalbanking #aiinfinance #machinelearning #riskmanagement #innovation #financialtechnology #cybersecurity #dataprotection #fintechsolutions #financialservices #techinfinance #futureoffinance #securebanking #blockchain #smartfinance #digitaltransformation

🚀 Insightful conversation with industry expert, Catherine Gacad, advisor to Valid, and Donna Cichani, who runs product at VALID Systems, on the crucial relationship between #Fintechs and banks! We'll dive into how strategic partnerships can foster innovation and develop mutually beneficial solutions. Don't miss this engaging discussion on bridging the gap in the financial industry. Tune in! 🔉 #FintechInnovation #BankingPartnerships #IndustryInsights #FutureOfFinance

American Banker's article on check fraud is a testament to the complexity and multi-faceted nature of this issue. Check fraud has significantly increased, affecting consumers, businesses, and banks, and undermining trust in the banking system and the U.S. Postal Service. VALID Systems' Realtime Loss Alert has a unique advantage over other solutions by incorporating behavioral analytics in decisioning. This article sheds light on the importance of this issue. Below are the highlights of the article: 📈 Key Findings: Survey Results: 90% of bank executives report a rise in check fraud over the past two to three years. Nearly half of these executives note a more than 30% increase in check fraud incidents. Most respondents want stricter regulations, with calls for law enforcement and Congressional action. 🏦 Bankers' Concerns: Executives demand that the bank of first deposit reimburse defrauded banks. Many believe that law enforcement should prioritize check fraud, and some advocate for Congressional involvement. High-profile experts, such as Frank Abagnale Jr., highlight how easy check fraud has become and the need for stringent measures. Regulatory and Legislative Actions: Recommendations include a government-coordinated strategy to combat financial scams, possibly led by the White House or through legislation. Experts suggest eliminating or severely restricting paper checks to mitigate fraud. ⚡ Industry Responses: 60% of surveyed bankers blame megabanks for not reimbursing for fraudulent checks promptly. Community banks call for stricter enforcement of know-your-customer rules at larger banks. 💵 Economic Outlook: Bankers foresee a drop in funding costs with expected Federal Reserve interest rate cuts. There is an expectation of increased competition for deposits over the next year, reflecting current high levels and worsening conditions. Conclusion: The widespread increase in check fraud has led bankers to call for more robust regulatory, legislative, and law enforcement actions to protect the integrity of the financial system. https://lnkd.in/gWdXHvgj

We prioritize the security and integrity of your data! Our state-of-the-art security protocols, backed by SOC 2 Type 2 audits, ensure the highest standards of confidentiality. We implement robust measures like encryption, multi-factor authentication, and advanced threat detection. Additionally, our cutting-edge fraud prevention technologies utilize real-time machine learning and decision sciences to safeguard every transaction, providing secure and trustworthy financial services for institutions and customers alike. Learn more about our comprehensive security measures today! validadvantage.com 🌐 #fintech #fraudprevention #financialsecurity #securetransactions #digitalbanking #aiinfinance #machinelearning #riskmanagement #innovation #financialtechnology #cybersecurity #dataprotection #fintechsolutions #financialservices #techinfinance #futureoffinance #securebanking #blockchain #smartfinance #digitaltransformation

American Banker's article on check fraud is a testament to the complexity and multi-faceted nature of this issue. Check fraud has significantly increased, affecting consumers, businesses, and banks, and undermining trust in the banking system and the U.S. Postal Service. VALID Systems' Realtime Loss Alert has a unique advantage over other solutions by incorporating behavioral analytics in decisioning. This article sheds light on the importance of this issue. Below are the highlights of the article: 📈 Key Findings: Survey Results: 90% of bank executives report a rise in check fraud over the past two to three years. Nearly half of these executives note a more than 30% increase in check fraud incidents. Most respondents want stricter regulations, with calls for law enforcement and Congressional action. 🏦 Bankers' Concerns: Executives demand that the bank of first deposit reimburse defrauded banks. Many believe that law enforcement should prioritize check fraud, and some advocate for Congressional involvement. High-profile experts, such as Frank Abagnale Jr., highlight how easy check fraud has become and the need for stringent measures. Regulatory and Legislative Actions: Recommendations include a government-coordinated strategy to combat financial scams, possibly led by the White House or through legislation. Experts suggest eliminating or severely restricting paper checks to mitigate fraud. ⚡ Industry Responses: 60% of surveyed bankers blame megabanks for not reimbursing for fraudulent checks promptly. Community banks call for stricter enforcement of know-your-customer rules at larger banks. 💵 Economic Outlook: Bankers foresee a drop in funding costs with expected Federal Reserve interest rate cuts. There is an expectation of increased competition for deposits over the next year, reflecting current high levels and worsening conditions. Conclusion: The widespread increase in check fraud has led bankers to call for more robust regulatory, legislative, and law enforcement actions to protect the integrity of the financial system. https://lnkd.in/gWdXHvgj

At VALID, our dedication to continuous technological advancements drives us to the forefront of fintech innovation ✨ By investing heavily in R&D, we've achieved industry-first breakthroughs, such as a 30% boost in processing speeds with our upgraded VALID Analytics Engine. This not only enhances operational efficiency but also increases client satisfaction by 20%. Discover how our commitment to innovation can benefit you. validadvantage.com #fintech #fraudprevention #financialsecurity #securetransactions #digitalbanking #aiinfinance #machinelearning #riskmanagement #innovation #financialtechnology #cybersecurity #dataprotection #fintechsolutions #financialservices #techinfinance #futureoffinance #securebanking #blockchain #smartfinance #digitaltransformation

AI-Powered Risk Assessments 👇 VALID uses advanced AI to revolutionize financial risk management. Our real-time AI models provide accurate risk assessments, allowing financial institutions to make swift, informed decisions. Our adaptive systems continuously learn and evolve to tackle emerging threats. Innovative Technology 👇 Utilizing cutting-edge machine learning and decision sciences, we offer secure, efficient solutions that minimize manual effort and reduce error rates. Discover how our AI-driven solutions can enhance your financial risk management. Get in touch with us today! validadvantage.com #fintech #fraudprevention #financialsecurity #securetransactions #digitalbanking #aiinfinance #machinelearning #riskmanagement #innovation #financialtechnology #cybersecurity #dataprotection #fintechsolutions #financialservices #techinfinance #futureoffinance #securebanking #blockchain #smartfinance #digitaltransformation

Target's recent decision to stop accepting personal checks as a form of payment highlights the complexities and cultural significance of checks in the U.S. Despite rising check fraud and the high cost of processing checks, many industries still rely heavily on them. Contractors, charities, landlords, and professional service firms receive a significant portion of their payments by check. This preference is often driven by tradition, the tangible act of giving, fear of online fraud, and avoiding credit card fees. For some, checks symbolize a personal, trustworthy transaction, while others find them simpler for managing small-scale operations like homeowners' associations. Moreover, the leverage of having money to donate or pay often dictates the payment method, as organizations and service providers aim to accommodate their clients' preferences. Ultimately, while the use of checks may be declining, they remain an entrenched part of commerce in many sectors. Reach out to VALID Systems to help safeguard you and your customer against this national issue.