Bank Innovation

JULY 20, 2017

This is according to a survey by AxiomSL, which found that 66% of regulatory executives believe their institution needs to make investments in data management. Financial service executives are still concerned about regulatory changes, but the best response is to improve data aggregation and management services.

Survey 236

Survey Management Data Operations 236

PYMNTS

SEPTEMBER 17, 2018

The problem is that certain technologies struggle to gain traction within fleet operations. According to Sid Nair, senior director of transport and compliance at Teletrac Navman, fleet managers appear to be adopting technologies like ELDs merely to maintain compliance.

Compliance 139

Compliance Industry Technology Data 139

PYMNTS

NOVEMBER 25, 2020

Financial firms expect that the cost to defend against cyberattacks will continue to increase in 2021, according to Bloomberg , citing a survey done by Deloitte & Touche LLP. Bloomberg received part of the survey in advance. The survey found that some FIs plan to spend over $3,000 on cybersecurity per employee this year.

Study 304

Study Survey Fraud Compliance 304

PYMNTS

NOVEMBER 9, 2016

Any organization, small or large, private or public, must handle the pressures of compliance. “It varies around where revenue is coming from, the requirements attached to that revenue and the scale of operations. . Sure, a paper check can get money to where it needs to go.

Compliance 174

Compliance Resources Data Management 174

PYMNTS

FEBRUARY 12, 2019

The case highlights the risks and challenges companies face in not only vetting their suppliers, but vetting their suppliers’ suppliers, with third-party vendors a potential source of non-compliance for importers. Know Your Supplier. According to reports, following the disclosure of the violations, e.l.f.

Compliance 108

Compliance Risk Management Regulation Management 108

PYMNTS

DECEMBER 8, 2017

if they find themselves out of compliance with the data protection rules. In a survey of more than 1,000 small businesses, Zurich found that 85 percent of them will be impacted in some way by GDPR, yet 44 percent said they were not aware they would be required to hire a DPO under the regulation. Reports in SmallBusiness.co.uk

Compliance 101

Compliance Training Survey Data 101

FICO

MARCH 6, 2020

Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales. In this excerpt from that article, Jürgen elaborates on the importance of compliance. . At FICO, I am responsible for planning and implementing growth strategies to develop new markets, and the expansion of our compliance business globally.

Compliance 81

Compliance Technology Fraud Analytics 81

FICO

APRIL 17, 2023

Home Blog FICO Hyper-Personalization Survey Highlights Boardrooms' Blind Spots New study from Forrester shows the value of hyper-personalization and the gaps businesses face today FICO Admin Tue, 07/02/2019 - 02:45 by FICO expand_less Back To Top Mon, 04/17/2023 - 10:10 Hyper-personalization is now front-of-mind among banking’s boardrooms.

Survey 52

Survey Customer Experience Analytics Study 52

PYMNTS

JANUARY 25, 2019

consumers, for instance, want the right to know where their personal data is and how it’s being used, according to recent surveys. PSD2 may have a greater effect on payments, even outside the EU, as consumers all over the globe are clamoring for more data security. Eighty percent of U.S.

Operations 195

Operations Regulation Data Trends 195

FICO

DECEMBER 16, 2019

The Communications Fraud Control Association (CFCA) recently released the findings from its Global Telecom Fraud Survey. Fraud teams operate with lean structures. Subscription fraud continues to be a major issue for operators, whether 1st party no intent to pay, identity theft, synthetic identities or (to a degree) account takeover.

Survey 52

Survey Fraud Cyber Security Compliance 52

Insights on Business

JULY 17, 2019

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.

User Experience 79

User Experience Tools Survey Risk Management 79

FICO

NOVEMBER 8, 2022

Strong Fraud Protection Could Draw More Customers - Survey. FICO’s survey of 4,000 people in four EMEA countries shows that fraud protection is front of mind for banks’ customers. The survey showed that many people consider exaggerating inc om e in applications for financial accounts is OK. Often the two operate in silos.

Fraud 52

Fraud Survey Security eBook 52

Abrigo

MAY 19, 2023

Takeaway 2 Examining the following objectives and evaluating your loan review system based on them can ensure regulatory compliance. The complexity and scope of a loan review system will vary based on an institution’s size, type of operations, and management practices.

System 195

System Regulation How To Lending 195

Gonzobanker

JUNE 14, 2023

Cross River Bank recently found itself in hot water with the FDIC when the agency declared that the bank engaged in unsafe or unsound banking practices in relation to its compliance with fair lending laws and regulations, specifically the Equal Credit Opportunity Act and the Truth-in-Lending Act. But fear not, compliance-conscious compadres.

Compliance 109

Compliance FDIC Strategy Fintech 109

PYMNTS

JULY 5, 2018

The inner workings of such a relationship are complex, not only as banks ensure that their FinTech partners’ solutions can integrate seamlessly into existing operations and infrastructure, but as banks face increasing regulatory pressures around data security. Banks, meanwhile, enjoy out-of-the-box solutions.

Compliance 109

Compliance Fintech Marketing Security 109

Abrigo

DECEMBER 19, 2022

Given the demands of day-to-day duties, however, it can be challenging for BSA officers and other financial crime compliance staff to find time for training and education on fraud and money laundering. The whitepapers, checklists, and guides cover everything from regulatory guidance to operational considerations.

Resources 195

Resources Training Fraud Compliance 195

PYMNTS

AUGUST 17, 2018

The more bots make their way into the accounting department, the more concerns arise about jobs, compliance, trust and other industry-unknowns. Ty told PYMNTS that he doesn’t believe this is true, and, instead, bots like Alan can support professionals’ existing operations. “This is such new territory for everyone.”

Compliance 110

Compliance Regulation Tools Industry 110

Abrigo

MAY 20, 2022

Takeaway 2 The survey topics included fraud prevention tools, frustrations with tools, and what enhancements users would like to see. A brigo conducted a 2021 end - of - the - year survey that asked BSA / AML Officers at f inancial institutions for their input on fraud trends. Key takeaways: Of the institutions surveyed, 52.3%

Trends 195

Trends Fraud Training Survey 195

PYMNTS

MAY 4, 2020

Despite an audit that raised questions about operations at Wirecard, a publicly traded financial services provider based in Munich, its CEO has ignored calls to resign. The survey by KPMG, a global auditing firm, criticized the company’s lack of transparency and cooperation.

Compliance 160

Compliance Survey Course Operations 160

PYMNTS

DECEMBER 29, 2020

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

Fraud Compliance cryptocurrency Security 270

PYMNTS

DECEMBER 19, 2019

Well, that is where things get a little bit confusing, Arjun Kakkar, vice president of Strategy and Operations at Ekata , told PYMNTS in a recent interview. What will that compliance look like in the in the EEA and around the world? It was supposed to go into effect on Sept. For how long? Why Bigger is Better in SCA Adoption.

Compliance 102

Compliance Regulation Strategy Training 102

PYMNTS

APRIL 26, 2018

Corporations are bracing for major changes to their operations, and many will miss the May 25 deadline as they struggle to overcome challenges related to key components of the new rules, including data breach notification. Seventy-one percent said they are aware noncompliance could be detrimental to their companies’ international operations.

Data 148

Data Compliance Survey Regulation 148

Independent Banker

SEPTEMBER 25, 2014

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. As David Barr, spokesperson for the FDIC, points out, “a vast majority of community banks remain well-rated and exhibit satisfactory corporate governance programs and compliance management systems.”.

Compliance 101

Compliance Regulation Community Bank Community 101

Abrigo

MAY 24, 2023

“Without full access to the banking and payments system, legal cannabis businesses are forced to operate in the shadows,” said Sen. As such, companies are forced to operate in a cash-only model, which can result in robbery, money laundering, and organized crime. Sherrod Brown, D-Ohio, in the same hearing. appeared first on Abrigo.

Lending 195

Lending Fraud Operations Ohio 195

PYMNTS

SEPTEMBER 9, 2019

How can international businesses streamline their cross-border operation systems to overcome these frictions? The ideal cross-border payment solution provides speed, security and compliance and transparency, while also being ubiquitous enough to be widely available for use.

Payments 174

Payments Compliance Meeting System 174

FICO

NOVEMBER 27, 2019

Behind the headlines on financial crime compliance are big challenges. Many institutions expanded the size of their compliance headcount by over 500% in the past few years. billion a year on ensuring AML compliance. Financial crime compliance has become a real cost burden for most banks in times of shrinking profits.

Compliance 52

Compliance Fraud Regulation Trends 52

PYMNTS

OCTOBER 28, 2020

This growth is in part being driven by new investments in payments automation, particularly those that reduce the impact of compliance-related barriers. FinTechs lack the compliance and legacy system costs that can eat up 65 percent of bank budgets, resulting in this discrepancy. About The Tracker.

Payments 219

Payments Compliance Fintech Innovation 219

Abrigo

MAY 19, 2023

As our annual loan review survey pointed out, loan review units have a severe workforce shortage at both the junior and senior levels. The annual loan review survey showed that schooling has most likely not interfered with loan reviewers’ education because departments lack funds to expend on loan reviewer training.

Training 195

Training Lending Risk Management Guidelines 195

Independent Banker

AUGUST 31, 2021

This month’s issue of Independent Banker focuses on regulation and compliance, which continue to be costly and important topics for our industry. of operating expenses on Bank Secrecy Act (BSA) work alone. And costs are rising, with more than half of compliance officers expecting to make an increase in their budgets. A 2020 U.S.

Community 145

Community Community Bank Compliance Regulation 145

PYMNTS

MAY 1, 2020

A survey of 260 pubs and eateries by SquareMeal, London’s independent guide to eating establishments, was presented to a parliamentary advisory committee on Friday (May 1), the Financial Times reported. Three-quarters of owners said their margins are too thin to support fewer customers, the survey said. Keeping people one meter (1.3

Guidelines 145

Guidelines Survey Operations Conference 145

PYMNTS

DECEMBER 16, 2020

On that front, according to PYMNTS' latest SMB survey data, small merchants are feeling a little better these days. Results for businesses in the retail sector were on the whole quite mixed, with 35 percent of retail businesses PYMNTS surveyed reporting an increase in demand. SMBs Are Highly Aware of the Vaccine News.

Maine 282

Maine Survey Online Retail 282

PYMNTS

NOVEMBER 4, 2020

The firm may not be in compliance with listing rules. But as PYMNTS reported this week, the microlending operations may be in focus. Of 118 central banks and regulators surveyed, 60 percent said there had been a boost in digital payments. The IPO would have commenced Thursday (Nov.

Fintech 175

Fintech Regulation Survey Report 175

Abrigo

MAY 8, 2024

Yet 30% of financial services leaders ban the use of generative AI tools within their companies, according to a recent survey by American Banker publisher Arizent. They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience.

Examples 221

Examples Fraud Resources Risk Management 221

PYMNTS

JUNE 10, 2020

Beyond the challenges of the pandemic that is forcing businesses to grapple with all manner of operating challenges, tax complexity has been building over the years on a global stage — and it’s only going to increase. When we surveyed our customers, we saw that close to 70 percent were looking to make the transition in the next 12 months.

Taxes 131

Taxes South Dakota Software Compliance 131

PYMNTS

APRIL 22, 2019

However, both sides struggle with making trade finance profitable, and maintaining compliance. A recent survey from Strategic Treasurer found that 77 percent of banks point to KYC as the biggest hindrance to supply chain finance operations. ” Below, PYMNTS looks at some of the data points behind these conclusions. .

Compliance 134

Compliance Regional Survey Fintech 134

PYMNTS

JANUARY 29, 2019

and Europe told Bitdefender in a separate survey that their budgets are large enough to accommodate the security for which infrastructure calls. This past year, privacy and data protection importance increased dramatically,” said Cisco Chief Privacy Officer Michelle Dennedy in a statement announcing the survey results.

Training 148

Training Survey Compliance Data 148

Abrigo

DECEMBER 22, 2023

You might also like this resource, Abrigo's "2022 Loan Review Benchmark Survey Results." Why banking technology makes sense – recession or not Seventy percent of leaders from banks, credit unions, and fintechs in late 2022 planned to increase their tech spending in 2023, according to a survey by American Banker parent Arizent.

Lending 221

Lending Risk Management Community Management 221