PYMNTS

NOVEMBER 2, 2020

Here’s the latest news from Google and the technology industry, which is coming under increasing global scrutiny from regulatory watchdogs, consumers and organizations. UN Committee Indicates Support For Initiative To Tax Big Tech In Developing Nations. Regulation. The committee voted 12-10 Friday (Oct. and Facebook Inc. each month.

Taxes 212

Taxes National Regulation Google 212

PYMNTS

SEPTEMBER 16, 2019

Despite announcements last month that the deadline for Strong Customer Authentication (SCA) compliance will be extended , the original proposed deadline approaches next week. to come up with a national privacy law were stymied. The potential cost for non-compliance is huge. Previous efforts for the U.S. a password).

Compliance 130

Compliance Guidelines Regulation National 130

PYMNTS

OCTOBER 16, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies. Between $800 billion and $2 trillion USD is laundered each year, according to the United Nations Office on Drugs and Crime.

Compliance 123

Compliance Fraud Study Digital Banking 123

PYMNTS

MARCH 3, 2020

The blockchain for the Marshallese sovereign (SOV) digital currency will be developed with Algorand technology, according to an announcement. Algorand created a permissionless, open source and pure proof-of-stake blockchain technology. The supply of SOV will be set to increase at 4 percent yearly to stop inflation from occurring.

ATM 168

ATM Bitcoin National Miami 168

PYMNTS

SEPTEMBER 23, 2020

A study from the Cifas National Fraud Database found that identity theft against consumers over the age of 61 rose by 22 percent in 2019, contributing to an 18 percent increase in identity theft overall. Technologies like video onboarding and AI have shown promise in facing this threat, but each is vulnerable when deployed alone.

Technology 208

Technology Report Fraud Study 208

Perficient

DECEMBER 22, 2023

This mitigates the risk of customer service representatives providing incorrect information and ensures compliance with regulatory disclosures, ultimately enhancing the overall customer experience while reducing costs. Contact our experts today if you are interested in learning more about up-and-coming news in financial services.

Risk Management 221

Risk Management Compliance Fraud Regulation 221

PYMNTS

JANUARY 25, 2018

More than half of companies surveyed by SWIFT and Dow Jones Risk & Compliance last year said they plan to invest in RegTech in the coming years, and most agree that technology has enabled a greater ability to remain compliant with key regulations surrounding anti-money laundering , Know Your Customer and more. In the U.S.,

Compliance 148

Compliance Regulation Resources Survey 148

PYMNTS

JUNE 14, 2017

Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Analysts agree that a company should work with partners, advisors and technologies that can help them manage their compliance demand across borders.

Compliance 146

Compliance Marketing Taxes Groups 146

PYMNTS

JULY 2, 2019

.” Acuris Risk Intelligence positions itself as a service provider for FIs, allowing them to access the information they need to manage compliance. However, the challenges of compliance data go far deeper, noted Parfitt. FIs of various sizes will almost certainly face different compliance challenges, too.

Compliance 115

Compliance Regulation Data Analysis 115

Perficient

JULY 12, 2023

The same organization will typically have a national bank charter, and the OCC is the primary federal banking regulator for that part of the organization. Perficient provides risk management to more than 500 financial services organizations, many of whom have multiple bank regulators.

Management 221

Management Risk Management Regulation Compliance 221

Bank Innovation

FEBRUARY 14, 2019

Despite predictions of a bleak economy and decreasing investment spending from businesses, banks will not be cutting down their technology spend in 2019, according to Kurt Spieler, Chief Investment Officer at First National Bank of Omaha.

Omaha 186

Omaha Technology National Innovation 186

PYMNTS

JANUARY 19, 2021

With more financial institutions (FIs) turning to external third-party FinTechs to strengthen their small- to medium-sized business (SMB) and corporate offerings, the collaboration model is proliferating across national borders. National Australia Bank Chooses Eedenbull. ICICI Adds AlignBooks Technology.

Fintech 341

Fintech National Groups Tools 341

PYMNTS

AUGUST 12, 2016

11) it teamed up with the National Institute of Standards and Technology (NIST) to publish a new resource to help enterprises and government organizations enhance their cybersecurity risk analysis , reporting and decision-making.

Resources 100

Resources National Technology Analysis 100

Perficient

NOVEMBER 11, 2020

TREND 2: The current landscape has underscored the importance of improving workflows , achieving greater clinical efficiencies and better integrating data across organizations through tools like natural language processing, remote process automation, and cloud-based technologies. Becker’s Hospital Review. Fierce Healthcare / Healthify.

Trends 618

Trends Strategy Digital Strategies Leadership 618

Gonzobanker

MAY 17, 2022

As technology buyers, banking executives need to up their game on tech purchases and technology performance management. For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. And you may ask yourself, ‘How do I work this?

Technology 135

Technology Regional Community Bank Community 135

PYMNTS

JULY 2, 2018

According to John Epperson, principal at Crowe LLP , that goes to show that the current approaches to regulatory and compliance technology ( RegTech ) aren’t working. There have been substantial investments in technology by financial services organizations – in particular, a spike in RegTech investments from traditional banks.

Compliance 109

Compliance Regulation Meeting Strategy 109

PYMNTS

APRIL 8, 2019

Australian financial regulators are feeling pressure to ensure financial institutions treat customers properly and have turned to artificial intelligence (AI) in an attempt to improve compliance, according to a report by the Financial Times. The trend is starting to appear nationally.

Compliance 108

Compliance Regulation Industry National 108

PYMNTS

DECEMBER 19, 2016

16) said India-based Moglix launched its GST technology to support seamless, direct tax filing for companies that buy and sell on its B2B eCommerce platform. The company has offered the solution in beta phase to several businesses to support compliance in the tax filing and management process. Reports Friday (Dec. ”

Taxes 100

Taxes Compliance National Report 100

CFPB Monitor

JULY 27, 2020

The OCC issued a letter last week stating that “a national bank [and a federal savings association] may provide. A national bank should consult with OCC supervisors as appropriate prior to engaging in cryptocurrency custody activities. Oddly, therefore, the OCC’s letter is simultaneously groundbreaking and yet also nothing new.

National 113

National cryptocurrency Risk Management Regulation 113

PYMNTS

MAY 20, 2019

Czech Prime Minister Andrej Babis has proposed a national development fund to help invest in social issues, digitization of the economy, education and transportation, according to a report by Reuters. million) to put into the fund. The association said the fund should be independent and fully professional. .

National 108

National Capital Compliance Financial Technology 108

PYMNTS

OCTOBER 19, 2020

Banks are typically required to establish direct links with financial institutions (FIs) in other nations to make or receive cross-border payments. New cloud-based technologies have shown much promise in securing cross-border payments and making them faster and more transparent.

Technology 193

Technology Payments Security Survey 193

CFPB Monitor

APRIL 25, 2022

As we will discuss, the timing of the Consent Order indicates that even when regulators permit crypto activities by financial institutions, they remain cautious, particularly as to BSA/AML compliance. In January 2021, the OCC granted Anchorage conditional approval for a national trust bank charter.

Compliance 78

Compliance Digital Banking Training South Dakota 78

Perficient

OCTOBER 12, 2020

Specializing in cloud-based business transformation, Perficient’s new Treasury Technology practice will improve client’s global banking footprints through bank connectivity and address concerns for payment fraud. Businesses need the flexibility to define new banking relationships without the large, inflated IT projects. ”

Risk Management 309

Risk Management Fraud Management Compliance 309

PYMNTS

MARCH 8, 2018

and group compliance director, explained to PYMNTS how online tools can make remote identity verification even more robust than in-person processes — and also help kick cross-border payments into higher gear. Having those compliance checks in place is crucial for a cross-border operation. Staying Compliant in Different Countries.

Compliance 101

Compliance Regulation Online Payments 101

Abrigo

MAY 8, 2024

WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. Nevertheless, understanding the technology is crucial. Even if a financial institution isn’t yet using the technology, it can learn from peers.

Examples 221

Examples Fraud Resources Risk Management 221

PYMNTS

MAY 19, 2016

Socure announced a major upgrade to its digital identity verification solution, which now encompasses expanded compliance coverage and global watchlist filtering. Combining technology, data and scoring analytics, Socure helps our clients to address risks, while upholding security and privacy standards,” said Sunil Madhu, CEO of Socure.

Compliance 100

Compliance User Experience New York Regulation 100

Insights on Business

JULY 11, 2018

Technological innovation is a reality that is impacting every facet of society. Technological innovation is a reality that is impacting every facet of society. No area of human endeavour from retail, to transportation, to banking has not seen some form of disruptive technology replace the long-established modus operandi.

Technology 185

Technology Innovation Operations Compliance 185

PYMNTS

FEBRUARY 21, 2020

“As Deputy Director, Mr. Mosier oversees FinCEN’s wide-ranging work to protect the financial integrity and national security of the United States,” the release states. In the digital innovation officer role, he will work to engage with new financial innovations and technologies.

Innovation 250

Innovation National United States Leadership 250

PYMNTS

OCTOBER 5, 2020

Here’s the latest news from Google and the technology industry, which is coming under increasing scrutiny from regulatory watchdogs, trade organizations and politicians globally. Brussels also aims to have big platforms allow users to remove programs that come already installed on technologies like computers and smartphones.

Data 229

Data Google Compliance Apple 229

PYMNTS

NOVEMBER 9, 2020

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. A ballot measure ratified by a strong majority of California voters to increase protections for digital privacy could blaze a trail for similar measures throughout the nation. Regulation.

Regulation 211

Regulation social media Compliance California 211

PYMNTS

JANUARY 13, 2020

India’s payment system landscape has experienced notable developments recently: amplified technology usage, increased availability of payment products, more nonbank players entering the market, dis-intermediation, a dramatic swelling in turnover and more. “To Not all recent RBI moves have been punitive, however.

Compliance 130

Compliance System Security Payments 130

PYMNTS

FEBRUARY 8, 2018

banks before it can become interoperable with other nations’ schemes, according to Art Brieske, head of faster payments at JPMorgan Chase. It’s a global payments and assets engine that works on real-time basis, built on new technologies and open architecture using agile development,” he said. Even today, not all U.S.

National 109

National Payments System Marketing 109

PYMNTS

OCTOBER 5, 2020

Money laundering is a pervasive threat, with the United Nations estimating that up to $2 trillion is laundered each year, equivalent to 5 percent of the global gross domestic product (GDP).

Online 141

Online Compliance Report Study 141

PYMNTS

JUNE 25, 2020

Financial software and technology giant FIS is teaming up with credit scoring company FICO to roll out a new anti-money laundering (AML) platform as concerns rise over fraud and the global flow of dirty cash amid the pandemic. The number for the United States alone is $300 billion, according to the U.S. Department of the Treasury.

Jacksonville 146

Jacksonville Compliance United States System 146

Abrigo

APRIL 18, 2022

Cryptocurrencies are a subset of digital assets and are decentralized networks based on blockchain technology. to continue being the world leader in the global financial system and innovative technology. National objectives in cryptocurrency policy. competitiveness and leadership in leveraging digital asset technologies.

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

PYMNTS

JANUARY 31, 2019

the Federal Reserve’s Faster Payments Task Force published a report last April urging the nation to review the current regulatory landscape. But information about a transaction can often start out limited, degrading as funds move in the cross-border journey, said Delingpole, making KYC and AML compliance all the more difficult.

Fraud 182

Fraud Payments Compliance Regulation 182

Abrigo

JANUARY 22, 2024

These tips can help ensure compliance while improving your offerings. Takeaway 2 Examiners' focus is on risk management related to products and services , especially those involving complex technologies like AI. These systems utilize cutting-edge technology to analyze patterns, anomalies, and unusual behavior.

Fraud 221

Fraud Training Risk Management Software 221