Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence Perficient’s Risk and Regulatory Center of Excellence (CoE) remains at the forefront of evolving financial rules and regulations, ensuring readiness to tackle emerging challenges and safeguard financial institutions and its customers.

Compliance 221

Compliance New York Regulation Analysis 221

South State Correspondent

MARCH 28, 2024

The various programs are wide ranging, complicated, and impactful which is why now is an excellent inflection point to provide financial advisory to both your retail and commercial customers. This is all on top of the tax benefits, such as the Employee Retention Credits businesses still claim have yet to be dispersed.

America 195

America Strategy Taxes Community 195

PYMNTS

AUGUST 14, 2020

China’s peer-to-peer (P2P) lending sector, once 6,000 businesses strong, has been reduced to fewer than three dozen as the government tightened regulations, leaving billions in loans unpaid. But the news service reported the sector was plagued by fraud and defaults. stock exchanges must conform to U.S.

Lending 315

Lending Regulation Industry Fraud 315

Perficient

AUGUST 4, 2023

In today’s rapidly advancing technology landscape, businesses face a profound revolution in operations, customer interactions, and innovative endeavors. Redesign business models through an outside-in perspective.” Partnering with the right digital transformation service provider is vital to thrive in this digital age.

Digital Strategies 419

Digital Strategies Strategy Customer Experience Report 419

Perficient

JANUARY 5, 2024

Software is at the core of the modern business model, making quality and performance top priorities to stay competitive. Organizations rely on continuous automation and testing (CAT) services to build business applications faster, with higher quality, and at scale to meet increasing market demands.

Report 275

Report America Industry Resources 275

PYMNTS

JANUARY 14, 2021

The Saudi Arabian Monetary Authority (SAMA) is introducing an open banking policy to advance digital innovation in the financial services sector. Through the initiatives in the policy, the goal is to foster the advancement of digital technologies and create new financial services and products.

Innovation 225

Innovation Policies User Experience Security 225

Perficient

MARCH 8, 2023

Fortunately, most societies today don’t legally bar women from partaking in these tasks, but the ancient history of shutting doors on women seeking greater financial control has left an undeniable gender gap in the world of financial services and a lingering, detrimental attitude that money management is a man’s job. households.

Innovation Strategies 275

Innovation Strategies Study Marketing Leadership 275

Perficient

JANUARY 12, 2021

Historically, the customer engagement and experience in many financial institutions have tended to be very product- or service-focused and can be very dysfunctional across channels. Small Business Innovation. The number of small businesses in the U.S. businesses. This is a topic on everyone’s top 10 trend list for 2021.

Trends 332

Trends Fintech Customer Experience Innovation 332

Perficient

FEBRUARY 28, 2024

Embracing Change The report states, “The business of insurance is in a heightened state of transformation…,” and insurance leaders must proactively “…change their business models, products, and processes over the coming decade to thrive in this volatile environment.”

Innovation 251

Innovation Regional Strategy Trends 251

Abrigo

FEBRUARY 9, 2024

You might also like this on-demand webinar, "AML/CFT hot topics for 2024: What to expect for financial crime." residential real estate sector but safeguarding our economic and national security.” Know the red flags for money laundering. The January 2023 alert to financial institutions, Potential U.S.

Training 195

Training Fraud Trends Report 195

Perficient

NOVEMBER 1, 2023

To have success, organizations must adopt cloud in concert with business vision to deliver digital initiatives and strategic goals. Finding the right partner is an integral step to propel business forward. Getting to the cloud is not the end zone – empowering your business is.

Report 221

Report Strategy Digital Strategies Customer Experience 221

Perficient

DECEMBER 28, 2023

The Consumer Financial Protection Bureau (CFPB) has narrowed its focus on what it terms “junk fees” targeting financial industry practices. Questionable Practices – Looking Ahead The regulatory spotlight has uncovered potentially illegal junk fees in various financial products.

Compliance 221

Compliance Regional Industry Leadership 221

PYMNTS

SEPTEMBER 29, 2020

The move comes on the heels of a pair of significant deals for AeroPay that have seen the company emerge as a financial services provider for the fast-expanding legal cannabis sector. A division of Partner Colorado Credit Union, Safe Harbor provides a compliance-based banking program for cannabis businesses.

Colorado 158

Colorado Chicago Fintech Innovation 158

PYMNTS

DECEMBER 24, 2020

In the economy, chief financial officers (CFOs) participating in a survey are reasonably optimistic about next year. 83% : Share of business-to-business (B2B) companies that changed their accounts receivable processes between March and September 2020.

Innovation 186

Innovation Payments Apple Survey 186

PYMNTS

APRIL 24, 2020

This vital task is complicated even in normal times due to the multitude of financial risk factors in play at any given time. The actual use of AI in the banking sector has been quite limited, while older legacy systems have remained prevalent, such as business rules management system (BRMS).

Payments 251

Payments Fraud Study System 251

TheGuardian

DECEMBER 6, 2023

‘Careful monitoring’ needed because of rapid pace of artificial intelligence and machine learning Business live – latest updates The Bank of England has warned that rapid developments in artificial intelligence and machine learning could pose risks to the UK’s financial stability, triggering a fresh review into their use across the City.

Policies 56

Policies Fraud Examples Technology 56

American Banker

JANUARY 25, 2024

The private student loan market is in flux after one major lender, Discover Financial Services, said it's leaving the sector. Sallie Mae is gearing up to compete for that business, much as it did when Wells Fargo pulled up stakes in 2020.

Marketing 74

Marketing Lending Strategy 74

PYMNTS

NOVEMBER 27, 2020

Generally considered more nimble and digital-friendly than legacy banks, challengers have injected a much-needed dose of technological innovation into the sector, with business banking an increasingly popular focus for new players. There is so much to do," he said of eCommerce business owners' struggle to manage operations.

Strategy 295

Strategy Industry Marketing Data 295

PYMNTS

AUGUST 5, 2020

Private sector employment rose by 167,000 in July, but the numbers are a far cry from June, when private-sector employment increased by nearly 2.4 The total was well below Wall Street predictions that the number of new jobs in the private sector would reach one million. “The

Report 195

Report Washington Analytics National 195

Perficient

DECEMBER 6, 2023

In recent years, the Consumer Financial Protection Bureau (CFPB) has significantly broadened its oversight, extending beyond major banks to address concerns in various industries, such as payday loan providers, credit reporting agencies, and most recently, the medical debt collection sector.

Industry 221

Industry Compliance Exercises Regulation 221

American Banker

NOVEMBER 17, 2023

Credit problems in business loans have risen in recent months, as companies that are in a weak financial position have started closing up shop. The difficulty in gauging which banks will face the most trouble is prompting many investors to stay away from the sector.

Company 85

Company Lending 85

PYMNTS

SEPTEMBER 21, 2020

As a financing tool that requires business owners to place valuable assets — whether working capital or physical — up for collateral, asset-based financing (ABF) was often viewed as a solution to a dire problem when no other options were available. Decades ago, asset-based finance developed a nasty reputation. ABL Flexibility.

Capital 256

Capital Tools Industry Lending 256

PYMNTS

JULY 21, 2020

A panel established to grow the United Kingdom’s (UK) financial technology (FinTech) sector plans a review of the industry to identify opportunities for growth, the government announced Tuesday (July 21). Much is at stake when it comes to the country’s FinTech businesses. Last year, it attracted 4.1 billion pounds ($5.2

Fintech 174

Fintech Ohio Financial Technology Innovation 174

BankInovation

JANUARY 19, 2024

Ally Financial today agreed to sell its point-of-sale financing business along with its loan books to Synchrony Financial for an undisclosed price.

Detroit 63

Detroit Retail 63

Chris Skinner

MAY 10, 2017

It shows how important FinTech is when major financial centres vie for focus. Here’s the summary: Financial Technology, more commonly referred to as FinTech, looks set to reshape the financial sector in the coming years and present Hong Kong with both challenges and opportunities. Does this matter?

Strategy 271

Strategy Fintech Regional Technology 271

BankUnderground

NOVEMBER 16, 2023

Consistent with previous analysis of aggregate incomes , price indices and business surveys , we find no evidence of a rise in overall profits in the UK – prices have gone up alongside wages, salaries and other input costs. We compute the ratio of profits to value added for all non-financial listed companies in the UK and the euro area.

Company 102

Company Trends Policies Taxes 102

Abrigo

JUNE 27, 2023

Financial criminals have used the industry to clean their illicit funds for years. The limited regulation around the real estate industry has made it especially easy for these bad actors to cycle their dirty money into the financial system using this avenue. Few changes have been made in the regulatory environment in almost 20 years. 

El Paso 195

El Paso Miami United States New York City 195

Abrigo

FEBRUARY 6, 2020

After a three-year hiatus, the highly anticipated OFAC Symposium provided a wealth of information to financial institutions, attorneys, government officials and other attendees in a closed-to-the-press event. However, all industry sectors have had to boost their remediation efforts to keep up.

United States 195

United States Compliance Strategy National 195

PYMNTS

NOVEMBER 22, 2020

Deutsche Bank is looking to acquire firms or enter into joint ventures with other companies in a bid to become a significant player in Europe's digital payments market, the Financial Times reported Sunday (Nov. For example, the payments-as-a-service sector is forecast to reach $16.7 struggling to meet tighter regulatory demands."

Payments 161

Payments United States Meeting Examples 161

PYMNTS

SEPTEMBER 28, 2020

As 2020 limps toward its exhausting conclusion, get ready for a massive rebound in 2021 — for consumer spending , for small- to medium-sized businesses’ ( SMBs ’) top lines, and for the U.S. He noted that we seem to be in the midst of what might be termed a rolling industry recession marked by stubbornly high unemployment, sector by sector.

Fintech 291

Fintech Examples Industry Management 291

PYMNTS

APRIL 29, 2020

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. ius offered insight into exactly why crypto businesses are so difficult to bank. Conflicting Needs.

cryptocurrency 283

cryptocurrency Compliance Regulation Payments 283

PYMNTS

NOVEMBER 23, 2020

Analysts told Reuters that the shift could be aimed at attracting more capital and increasing competition within the banking sector. The central bank’s move comes amid heightened concern about the state of India’s banking sector. India Business Council webinar. Rabi Sankar, executive director of the bank, said in a U.S.-India

Groups 244

Groups Regulation Lending Industry 244

PYMNTS

SEPTEMBER 17, 2020

A company recently created by billionaire Virgin Atlantic Founder Richard Branson plans to raise between $400 million and $460 million to acquire a yet-to-be identified business that is available at an attractive price due to the COVID-19 pandemic, according to a Wednesday (Sept. VG Acquisitions Corp., VG Acquisitions Corp.,

Capital 140

Capital Resources Operations Groups 140

PYMNTS

NOVEMBER 5, 2020

Ant Group 's initial public offering (IPO) could be delayed by six months and its valuation reduced by quite a lot after its delay this week, a report from the Financial Times says, as new regulations come into play. 3), one day after Beijing debuted a set of regulations that would have forced Ant Group to re-do its business model.

Groups 189

Groups Regulation Lending Financial Technology 189

Abrigo

JANUARY 4, 2023

Takeaway 1 Cryptocurrencies are the newest and most popular field in potential financial gains through fraud. Takeaway 2 The FTC recommends that financial institutions watch for these top ten crypto scams. banking regulators recently warned financial institutions that dealing with cryptocurrency exposes them to an array of risks.

social media 195

social media Fraud cryptocurrency Trends 195

PYMNTS

OCTOBER 16, 2020

London's FinTech sector has been going strong this year, even in spite of the pandemic, with $3.6 World-leading FinTech scaleups were born in London out of the 2008 financial crisis, and today London’s FinTech companies are innovating to respond to changing demands caused by the pandemic," she said, according to the release.

San Francisco 265

San Francisco Fintech New York City Data 265

Bobsguide

OCTOBER 22, 2020

The disruption and financial pressures caused by the pandemic are likely to give rise to some common challenges for businesses across sectors, whether the problem concerns a supplier or a customer. While each case will require specific advice, parties should be generally aware of some recent changes.

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