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Turning Compliance Burden Into FinTech-Regulator Collaboration

PYMNTS

Particularly amid the continuing uncertainty surrounding Brexit, FinTechs are turning to Lithuania to retain their European footholds and operate in a country that supports their innovative ambitions. But financial regulatory compliance can be a headache for any market. Resuming Operations. The Downside of Success.

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Survey shows that tools with strong user experience are key to better risk management across the enterprise

Insights on Business

Today, risk-awareness and risk averse behavior is the responsibility of everyone in the firm, so staff need to be able to engage in the common goal of regulatory compliance. Continued change can create lag in the organization between existing compliance capabilities and latest regulatory demands.

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How next-generation technologies are transforming governance, risk and compliance

Insights on Business

Today, governance, risk and compliance (GRC) is being transformed by not only rapidly-evolving regulatory standards and growing costs of non-compliance, but also by the clear and present need for greater GRC adoption/engagement – by the first line of defense – while delivering added value by empowering business users.

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Geolocation Puts A Pin In Anti-Fraud Solutions

PYMNTS

With it, financial institutions need to strengthen their compliance to mitigate the risk of running afoul of the law. Certainly, the use and availability of cryptocurrencies is another emerging area that is contending with its own unique set of compliance issues, but it is also one Wingert said appears to be closing gaps in regulation.

Fraud 270
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FCA Agrees To 18-Month SCA Implementation Timeframe

PYMNTS

The FCA said Tuesday that it will not take enforcement action against firms if they do not meet the relevant requirements for SCA beginning on Sept. Yet this was compliance-ready, not operationally ready. Nearly three-fourths (74 percent) of issuers expect SCA to lead initially to a decline in user experience.

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The top lending & credit risk blogs of the year

Abrigo

As 2023 winds down, community banks and credit unions have worked hard to attract new customers and members and retain existing ones by streamlining processes and improving the end-user experience. Reduce operating cost while ensuring loan policy consistency. Community lending software can help get you there.

Lending 221
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Western Union On How Automation And Cloud-Based Infrastructure Can Help Streamline Payments

PYMNTS

Along with this surge in digital payments’ volume has come a growing demand for seamless payment experiences. Offering a secure payment experience requires rigorous authentication or time-consuming behind-the-scenes security checks, which can often conflict with customers’ collective desire for an Uber-like frictionless experience.

Payments 213