Eric Tran-Le

2 months ago | bankingexchange.com | Eric Tran-Le

As we all know, the financial services industry faces increased fraud and compliance pressures while dealing with complex operational inefficiencies. Whether it is a community bank, credit union, or other financial institution, the good news is that the industry has essentially reinvented the fight against fraud and financial crime using advanced analytics and other cutting-edge technologies. Clearly it is adapting new ways of solving problems as quickly as they can be proven to provide benefits.

Jan 21, 2025 | bai.org | Eric Tran-Le

A version of this article first appeared in the November BAI Executive Report: Harnessing the power of AI in banking. Find more insight within on careful adoption of artificial intelligence, automation and machine learning, leveraging SMB relationships, creating core efficiencies and more. The financial landscape is constantly evolving, making fraud prevention more critical than ever — especially for smaller banks and credit unions.

Nov 27, 2024 | cutimes.com | Eric Tran-Le

Credit unions need systems that automatically detect suspicious activity and flag it for review. Credit/AdobeStock The upcoming Nacha rule changes around ACH transaction monitoring went live recently, providing a wake-up call for community banks, credit unions and mid-sized financial institutions. While it may seem early to make predictions, these updates could seriously shake up operations, particularly at small and mid-sized financial institutions that manage and receive ACH transactions.

Mar 1, 2024 | bai.org | Eric Tran-Le

Mid-market and small financial institutions (FIs) face an onslaught of unprecedented challenges amid technological, regulatory and payment disruption, including:»­Existing attack vectors are increasingly enhanced alongside the democratization of large language models (LLMs) that can further ease the pathway to faster payouts via sophisticated social engineering, authorized push payment (APP) scams, synthetic identity fraud and new account fraud.

Oct 19, 2023 | bai.org | Eric Tran-Le

In an increasingly digital world, small banks face numerous challenges to remain competitive and provide customers with modern, convenient financial services. However, the rise of Banking-as-a-Service (BaaS) has opened new doors for these institutions, offering a host of benefits that can level the playing field and empower them to thrive in an ever-evolving financial landscape.