PYMNTS

OCTOBER 18, 2018

In July, reports in the Financial Times said Switzerland is working to open the nation’s traditional corporate banking market to cryptocurrency companies finding it difficult to get banked, thanks to fears over anti-money laundering (AML) violations and other compliance issues. “Time is pressing,” he said.

Guidelines 213

Guidelines cryptocurrency blockchain National 213

PYMNTS

OCTOBER 13, 2016

Regulation and compliance can be a tough space for many to wrap their heads around. As technology advances, the threat to digital security and identity protection becomes greater, forcing regulations to quickly adapt. Compliance Decoded. Why Compliance Is Going Social.

Compliance 100

Compliance blockchain Regulation Data 100

Bank Innovation

JULY 27, 2016

National Institute of Standards and Technology (NIST) released a draft of its latest guidelines on digital authentication this week, and it contains a disturbing bit of Read More. It might be time to say goodbye to those text messages containing PINs to help you log into your favorite banking site.

Guidelines 150

Guidelines Security National Technology 150

PYMNTS

MARCH 27, 2020

While open banking FinTech innovation has initially focused on opening up bank account data to third party platforms, there is another component to the initiative with major implications for the payments landscape. Their use for B2B payments, however, remains limited — but in the U.K., open banking may be able to change that.

Payments 151

Payments Innovation Security Guidelines 151

PYMNTS

SEPTEMBER 11, 2019

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. Currently, there are 57 real-time payments rails operating in more than 72 countries, with even more under construction.

Payments 190

Payments Regional Operations Guidelines 190

PYMNTS

NOVEMBER 30, 2017

Europe’s Revised Payment Service Directive (PSD2) has yet to come into effect, and some of its guidelines remain in consultation. One of those challenges is ongoing discussions over some guidelines within the regulation, Deutsche Bank noted, particularly those pertaining to fraud reporting and security. Proper Preparation.

Guidelines 109

Guidelines Regulation Compliance Data 109

Insights on Business

JANUARY 3, 2019

But while mobile devices give us great power and convenience, they also create new security and privacy challenges. Simultaneously, regulators and auditors are issuing new cybersecurity regulations and guidelines. A cloud environment offers financial institutions greater speed and agility than their current environments.

Risk Management 128

Risk Management Management Regulation Guidelines 128

PYMNTS

OCTOBER 24, 2018

There are monetary penalties involved in the event that data is used in non-compliance with laws. The aim may be to foster data privacy and protection while making sure that innovation can take place — but how to get there is open for debate, and some stakeholders want a national data-privacy law in place.

Data 122

Data US California Guidelines 122

Abrigo

FEBRUARY 25, 2022

Overall, banks, credit unions, and NBFIs should modernize their BSA/AML programs with appropriate risk-based innovative solutions to streamline those processes and use resources efficiently and effectively. House of Representatives advanced the Secure and Fair Enforcement (SAFE) Banking Act to the Senate for the sixth time.

Regulation 195

Regulation Policies Compliance Washington 195

PYMNTS

AUGUST 1, 2019

In corporate payments, high-value transactions with tall demands for compliance, transparency, speed, efficiency and security aren’t just placing a burden on the businesses sending and receiving funds.

Payments 152

Payments Guidelines System Compliance 152

NCR

FEBRUARY 22, 2016

Fintech startups utilize innovative technology to make financial systems more efficient, taking advantage of cloud data storage and blockchain technology. They want to get on the cloud, but have concerns about the security of customer data, and are afraid of violating the numerous compliance requirements they must adhere to.

Innovation 40

Innovation Compliance Security Data 40

PYMNTS

MAY 30, 2018

Throw into the mix consumer protection guidelines, active anti-money laundering checks and capital requirements, and things get difficult, Oosthuizen noted. The ultimate success will lie in partnerships that combine the strength and reputation of banks with the innovation and agility of FinTechs.

Fintech 160

Fintech Regulation Compliance Innovation 160

Abrigo

OCTOBER 7, 2016

Web-based solutions offer secure, multi-user access so that valuation professionals working in different locations and in different time zones can access and advance the valuation work anywhere and anytime by logging in online. Assisting with compliance. 1, make it easier to generate an accurate, defensible value.

Technology 170

Technology Boston Software Study 170

American Banker

JUNE 28, 2016

Federal regulations — including the FFIEC's recent mobile security guidelines — have not kept pace with mobile innovation and the security risks users face from smartphone banking platforms.

Mobile 44

Mobile Guidelines Regulation Security 44

Insights on Business

NOVEMBER 20, 2017

This is resulting in direct pressure on financial institutions to adapt faster and place a premium on innovation now – more than ever before. By doing so, it also opens up the avenue for innovative players to provide value-added services on the back of this scheme. The Central Banking authorities like the U.S.

Payments 79

Payments Guidelines Digital Banking Industry 79

PYMNTS

JANUARY 15, 2018

With that access, the thinking goes, new market entrants can offer new services to end users, with eyes dually focused on innovation and costs. Security may be top of mind as the firms seek to comply with the directive (security guidelines have been published by the EBA). But as to what to expect ….

CA 112

CA Bitcoin Data Security 112

Insights on Business

MAY 2, 2019

Through our many daily interactions we have been witness to a wave of patterns forming that are changing the face of governance, risk and compliance (GRC). As such, organizations are coming to the conclusion that they need a consistent, cross-discipline, cross-process view of risk and compliance. Driving better outcomes.

Compliance 98

Compliance System Analytics Data 98

NCR

AUGUST 18, 2017

Blockchain, or distributed ledger technology as it is sometimes called, is a database that is distributed across a network and cryptographically secured, such that records become immutable. Adopting blockchain technology in this area could not only reduce costs, but enhance security and efficiency. The hurdles to be overcome.

blockchain 75

blockchain Technology cryptocurrency Study 75

NCR

NOVEMBER 21, 2016

One of the fundamental goals of PSD2 is to open up the European payments market to new entrants, which will mean opportunity for innovative fintech firms and payment providers. However, there have been concerns raised over some of the unintended security implications of the new rules. ” The fraud implications.

Fraud 40

Fraud Compliance Payments Exercises 40

Abrigo

JUNE 12, 2023

You might also like this webinar, " AML Compliance and Sanctions Requirements for Non-Bank Financial Institutions. In today's interconnected world, efficient and secure money movement is crucial for individuals and businesses alike. WATCH NOW Takeaway 1 The number of money transmitters grew by 13% in 2021 in the U.S.

Compliance 195

Compliance Fraud Regulation Guidelines 195

PYMNTS

MARCH 2, 2020

Lawmakers in New Jersey are proposing a bill to solidify data privacy guidelines and inflict tougher limits on the tech industry, The Wall Street Journal reported on Monday (March 2). Andrew Zwicker (D-Hunterdon), chairman of the Assembly’s Science, Innovation and Technology Committee and lead sponsor of the legislation.

NJ 249

NJ New Jersey Regulation Data 249

NCR

MAY 22, 2017

So what does the implementation of big data mean for everyday banking activities, and how can companies ensure they’re using the technology in compliance with legal and ethical considerations? Fighting fraud. Putting customers first.

Big Data 85

Big Data Data social media Fraud 85

Tomorrow's Transactions

DECEMBER 19, 2016

As for the last few years, I’ve put together a “live five” of technology-driven changes in the secure transactions field that will have a real business impact over the coming year. The NIST guideline goes on to talk about using push notifications to applications on smart phones, which is how we think it should be done. Goodbye 2016.

Mobile 30

Mobile Retail Trends Security 30

PYMNTS

OCTOBER 6, 2017

But often, businesses prioritize security of customer data, then safeguard internal company data. Last week, Baer reported on the American Payroll Association’s Fall Forum, which focused heavily on payroll security. Regulatory guidelines may help address this issue. Companies are reasonably aware of it.

Marketing 139

Marketing Data Security Regulation 139

PYMNTS

APRIL 19, 2016

According to the release, Bank Centric Payments offers Chargent users security and fraud prevention features that satisfy PCI compliance, tokenization and encryption and NACHA guidelines.

Payments 100

Payments Guidelines Innovation Compliance 100

Accenture

AUGUST 26, 2019

And it’s now spreading into RTGS systems, securities and trade finance as well. Banks can now even leverage ISO 20022 and APIs as the standard for data exchange in payments within the applicable regulatory and compliance requirements.

Industry 174

Industry Payments System Guidelines 174

Gonzobanker

OCTOBER 15, 2014

Most innovation, quality support and healthy competition has left the cash management vendor market, and it’s making it very hard for the resilient community banker to compete with the too-big-to-fail players upstream. With mobile and web services technology, there has never been a better time to innovate usability.

Management 101

Management Community Bank Community Resources 101

Jeff For Banks

MARCH 29, 2014

It is annual report season, meaning publicly traded financial institutions are finalizing their 2013 numbers and submitting their 10k''s to the Securities and Exchange Commission (SEC). We are primarily a secured lender, with our greatest concentration of loans in Texas. In preparation for meetings, I frequently read 10k''s.

Strategy 101

Strategy Texas San Antonio Fort Worth 101

CB Insights

JULY 23, 2020

Companies will have to look to guidelines from local and national authorities for each office location. A completely remote workforce seems unlikely, given the intangible benefits of social connection, collaboration, and innovation that in-person working provides. Beyond the office: cybersecurity and at-home network security.

Meeting 101

Meeting Tools Survey Company 101

FICO

DECEMBER 9, 2019

The European Central Bank through its Single Security Mechanism (SSM) concludes, in its annual risk report, that NPLs (non-performing loans) are the second largest future risk for the European financial system after geopolitics. Now, what does 2020 promise on the C&R front? Here’s what I see. M&A will grow in the third-party space.

Analytics 52

Analytics Regional Strategy Regulation 52

FICO

AUGUST 27, 2018

Much of the latest buzz has come from the recently released Treasury report which focuses largely on the Trump administration’s outlook for financial innovation. However, with the Bureau’s recent establishment of an Office of Innovation , it will be interesting to see if this issue is elevated on the priority list.

Policies 49

Policies US Fintech DC 49

PYMNTS

OCTOBER 3, 2017

Stripe powers hundreds of thousands of businesses around the world, from Fortune 500 companies to the most innovative startups,” said Lachy Groom, head of payments products at Stripe. Taken together, the overarching goal is to give Stripe’s business clients a better way to achieve more conversions with less coding work.

Survey 101

Survey Guidelines Cards Payments 101

FICO

JANUARY 5, 2023

The CFPB's New Open Banking Proposal Will Accelerate Exciting Product Innovations. The Consumer Financial Protection Bureau (CFPB) has indicated it will publish rules , not guidelines, aimed at strengthening consumers’ control over and providing portability of their financial account data, sometime in 2023.

Policies 52

Policies Company Regulation Risk Management 52