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Press release content from PR Newswire. The AP news staff was not involved in its creation. LexisNexis Risk Solutions Launches RiskView Optics and RiskView Spectrum: A New Era in Alternative Credit Scoring February 9, 2021 GMT LexisNexis Risk Solutions (PRNewsfoto/LexisNexis Risk Solutions) ATLANTA, Feb. 9, 2021 /PRNewswire/ -- LexisNexis® Risk Solutions today unveiled LexisNexis® RiskView™ Optics and RiskView™ Spectrum, two alternative credit scores supported by a comprehensive view of consumer credit risk culminating from years of innovation and research. RiskView Optics and RiskView...

The regional bank is switching VirtualBank, a digital-only unit added through a recent merger, to a core system that relies on Finxact software and Amazon Web Services. The move epitomizes the industry's cautious approach to cloud-based technology.

Colin Whitmore, senior analyst at Aite Group Financial institutions can leverage network link analysis and dynamic segmentation to help in the fight against money laundering, says Colin Whitmore, senior analyst at Aite Group. “It is easy to understand these concepts at a high level, but hard to [know] what data we need to use,” Whitmore says. “Is it data from customers, data from existing systems, transactional data, internal or external data or social media data?” Financial institutions must integrate new technologies into their core processes and systems, he stresses. In a vi...

InvestCloud aims to be the Amazon of wealthtech with Tegra118 merger Global fintech InvestCloud completed a recapitalization that establishes the firm as the latest fintech unicorn while positioning it to rival TAMP offerings, according to experts. February 3, 2021 2 MINS Global technology platform InvestCloud is ready to have a seat at the table with wealthtech powerhouses like Envestnet after the completion of a recapitalization that drove it to reach unicorn status with a $1 billion valuation.  The recapitalization, announced Tuesday, includes fresh investments led b...

Washington Auditor Breach: 1.4M Unemployment Records Exposed The breach of third-party software used by the Washington Auditor’s Office could have exposed more than 1.4 million personal records, raising concerns about identity theft and fraud. by Jim Brunner, The Seattle Times / February 2, 2021 Shutterstock/Vlad L (TNS) — The personal unemployment claims data of at least 1.4 million Washingtonians may have been stolen in a hack of software used by the state auditor's office, raising fears of identity theft and fraud amid an al...