PYMNTS

JUNE 9, 2017

In an interview with PYMNTs after a webinar by the pair titled, “Financial Services Innovation — The Risk of New vs. Nothing,” John Epperson, principal at Crowe Horwath LLP, and Jason Henrichs, managing director at FinTech Forge , discussed the challenges and rewards of embracing change, even as firms are mindful of what works.

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Innovation Compliance Technology Data 109

CB Insights

NOVEMBER 3, 2022

Recent developments in climate tech can help the insurance industry understand and plan for changing climate and weather-related risks. Insurers are already leveraging these solutions to improve their current operations and spark new innovation, including developing climate-focused parametric insurance products.

Trends 95

Trends Puerto Rico Analytics Risk Management 95

South State Correspondent

JANUARY 4, 2023

In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. To improve the quality of their earnings, banks need their number one focus to be on making their operations more efficient. To the extent projects improve operating leverage and the total experience, so much the better.

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Community Bank Capital Training Lending 195

Gonzobanker

FEBRUARY 23, 2022

However, if BaaS is ever going to enhance shareholder value, bankers need to ensure they have the strategic focus, operational savvy, and execution commitment to do it right. infrastructure and the capacity to manage a BaaS strategy to significantly complement the core business. assets, citing high NIE.

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PYMNTS

APRIL 15, 2020

Drilling down into those new opportunities for innovation, data remains key. Mielke noted that as APIs aggregate data from myriad sources, coupled with robust analytics, software companies can fine-tune their offerings depending on the needs of the end customers (merchants), while even enhancing their own operations.

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PYMNTS

DECEMBER 9, 2020

Taking this retroactive approach to credit risk management was never efficient, but it has become even less feasible amid the pandemic. Consumers are more susceptible than ever to falling short on their monthly bills, leaving banks searching for more proactive ways to mitigate the risk of defaults.

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Abrigo

MAY 8, 2024

Seeing generative AI use cases can help bankers, risk managers, and financial crime professionals better understand it. They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience.

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PYMNTS

MARCH 17, 2017

Financial service providers must balance “process complexity with funding and risk management,” the executive said. “In The global nature of corporate supply chains, decentralized operations, multiple banking relationships and now a patchwork of technology are driving this inefficiency.”.

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PYMNTS

DECEMBER 29, 2020

One recent example of a response to the proliferation was the inclusion of a long-fought anti-money laundering (AML) provision within the recently passed defense spending bill in the U.S. It’s great to see the prioritization on innovation with this bill,” Wingert said, calling the AML regulatory changes important.

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PYMNTS

SEPTEMBER 6, 2017

In a survey of treasurers across more than 200 companies in various parts of the globe, Deloitte found that the corporate treasurer continues to be positioned as a risk-management function of organizations: 97 percent said that the treasurers’ role in liquidity risk management is important.

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Risk Management Survey Management System 108

Insights on Business

FEBRUARY 14, 2019

In particular, next generation governance, risk and compliance has been a key topic with sessions focused on how advanced technologies such as AI, advanced analytics and cloud deliver innovative financial services solutions. “How is IT risk different when IT services are outsourced?

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Compliance Risk Management Case Study Meeting 125

Abrigo

MARCH 2, 2023

Takeaway 2 According to Forrester data, firms pursuing technology-driven innovation grow three to four times faster than industry averages. Impact of technology Banking industry lessons from Southwest Airlines According to Forrester data, firms pursuing technology-driven innovation grow three to four times faster than industry averages.

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Cisco

AUGUST 9, 2022

This framework is especially relevant given the recent FFIEC Architecture and Operations update and the Executive Order on Cybersecurity from 2021. It is part of a multipart blog series on financial regulations and how to manage them architecturally, geared towards IT leadership. External Dependency Management.

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PYMNTS

JANUARY 20, 2020

In the past, however, the industry would think of fraud and risk management as separate processes and managing the data associated with payment details as well as credentials as a separate task. A lot of the cutting-edge companies have done great work in payments and Parker pointed to Airbnb, Netflix, Uber and Lyft as examples.

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PYMNTS

MARCH 11, 2020

For the PayFac, too, the benefits are significant — historically, they had owned the front end, or sales piece, of the relationship with the merchant, while underwriting, risk management and settlement reporting were all handled by someone else. Connor offered the example of a salon owner who may have 10 different stations.

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PYMNTS

AUGUST 10, 2017

From user interface technology to security and risk management, the only constant in the financial space is that nothing stays the same for long. Our approach to technology innovation is to keep the consumer at the center of everything we do, and taking a view from the customer’s standpoint makes it easier for us.

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How To Risk Management Technology US 136

PYMNTS

OCTOBER 29, 2018

Amid the flurry of B2B FinTech innovation aiming to transform organizations’ back offices, there is often one common threat within the disruption: the need for previously siloed, disconnected systems and processes to integrate with each other, offering a streamlined, holistic view of the enterprise.

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PYMNTS

SEPTEMBER 20, 2018

While regulatory requirements have emerged as a top “driver” of trucking innovation and technological disruption, the complexities of the industry’s supply chain mean that dealing with paper not only adds cumbersome processes to the fold, but slows down payments for trucking firms. “That’s a huge trend.”

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PYMNTS

MARCH 16, 2018

Because APIs facilitate integration between two services, the technology allows FinTechs to innovate in their niche markets, rather than attempting to be a jack of all trades. “I There is a culture of banking innovation; they understand what their core competencies are,and where to allocate resources most effectively.”. In the U.K.,

Risk Management 134

Risk Management Survey Management Fintech 134

Lars Markull

JUNE 14, 2020

These two companies are great examples that bank account data alone is sometimes not sufficent. Both companies operate in the lending space where a complete picture about the financial situations of their customers is not just nice-to-have but absolutely crucial to be able to conduct proper risk management.

Data 52

Data Fintech Innovation Lending 52

Insights on Business

OCTOBER 31, 2019

In particular, FIRST’s external loss event benefits can be seen in the integration to the OpenPages Operational Risk Management solution. Linking FIRST to scenarios, risks or assessments allows an institution to show real life examples of how external events have evolved and created impact for other (peer) institutions.

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Case Study Study Compliance Risk Management 79

Tomorrow's Transactions

JUNE 9, 2020

In 2020, some businesses with a strong digital presence have shown resilience by shifting all their operations online and moving to full-on remote working, adapting to a period of indefinite social distancing. The shift of the whole workforce to working remotely during the pandemic is a great example.

Resources 82

Resources Risk Management Operations Regulation 82

Insights on Business

OCTOBER 31, 2019

In particular, FIRST’s external loss event benefits can be seen in the integration to the OpenPages Operational Risk Management solution. Linking FIRST to scenarios, risks or assessments allows an institution to show real life examples of how external events have evolved and created impact for other (peer) institutions.

Case Study 70

Case Study Study Compliance Risk Management 70

PYMNTS

JUNE 10, 2016

“What we’re seeing is that [FIs] are putting in place a more rigorous process to make sure suppliers that are onboarded also have very strict and rigorous risk management protocols in place,” Cotter said. Whereas, for a lot of FIs, risk management has definitely become a board-level issue.”

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Management Risk Management Software Analytics 100

BankUnderground

JUNE 25, 2020

In this blog post, we first discuss the importance of data flows for financial services, and then potential risks from blockages to these flows. One of the earliest known examples of a financial transaction is a clay tablet in the British Museum recording a loan of silver in ancient Babylon. Big Data and financial services.

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Data Big Data Regulation Risk Management 108

Lars Markull

JUNE 14, 2020

These two companies are great examples that bank account data alone is sometimes not sufficent. Both companies operate in the lending space where a complete picture about the financial situations of their customers is not just nice-to-have but absolutely crucial to be able to conduct proper risk management.

Data 40

Data Innovation Fintech Lending 40

PYMNTS

MARCH 3, 2017

Rather, it is a question that takes shape as innovation comes, as it always does, consistently and constantly, to the payments world. Those firms, she said, have worked to develop innovative user interfaces or channels, with attendant focus on features or functionality and an eye on “taking away pain points” of traditional payments systems.

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Payments Innovation System Risk Management 100

PYMNTS

FEBRUARY 28, 2020

PYMNTS’ Credit Union Innovation Index found 65 percent of CU members chose credit unions as their primary financial institutions (FIs) because they trusted them, compared to 45 percent of non-CU members who said the same. The regulation applies to businesses, which it defines as any organization operating for profit.

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PYMNTS

MAY 17, 2016

In one quite recent example of investment — as recent an announcement as this morning — Embroker, the cloud-based risk and insurance management firm, has raised $12.2 In the great race(s) that dominates FinTech, the key word is disruption. Disruption needs investment, of course. million from a series of investors.

Policies 101

Policies Analytics Risk Management Examples 101

NCR

MAY 30, 2017

There are many areas of technological innovation that are having a big impact on how the banking industry operates. Biometrics, for example, could transform how people complete payments and prove their identity when logging in to their online accounts. Roberto Ferrari, managing director of Italian bank CheBanca!

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Fraud Big Data Risk Management Innovation 51

PYMNTS

APRIL 30, 2019

Eleveld said the ban on surcharges is an action that reflects the mindset of PSD2 – one that seeks to “level the playing field so that innovation can happen, [and so] big players cannot effectively crowd out the market of smaller players.”. For example, transactions under €30 ($33.93

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PYMNTS

DECEMBER 16, 2019

Not just any decade, but one that has seen unprecedented levels of innovation touch nearly every industry segment and almost every corner of the world. Only then, he said, can one get clarity about how those dots can guide innovators about the future. The last 10 years in payments and commerce have given us millions of dots to connect.

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Payments Innovation Cards Google 180

PYMNTS

JANUARY 1, 2020

Not just any decade, but one that has seen unprecedented levels of innovation touch nearly every industry segment and almost every corner of the world. Only then, he said, can one get clarity about how those dots can guide innovators about the future. Tuesday marked not only the end of a year, but the end of a decade.

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Innovation Cards Google Payments 174

Insights on Business

JUNE 18, 2018

Innovators and industry leaders across the marketplace will discuss the impact of technologies like artificial intelligence and machine learning and how they are being used to give security firms new insights from risk management to compliance. Another technology in discussion will be the ever prevailing blockchain technologies.

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Conference Fintech blockchain Compliance 70

FICO

SEPTEMBER 20, 2022

Scott’s a busy guy; when not spearheading the development of innovations like the FICO® Scam Detection Score or FICO’s anti-money laundering (AML) scores , he literally wrote the playbook on how organizations can achieve Responsible AI. How Does Responsible AI Fit into Fraud Operations? So what does that mean?

Fraud 52

Fraud Analytics Strategy System 52

FICO

DECEMBER 23, 2020

It has also opened new doors for criminals, who have rushed to exploit the uncertainty in a pandemic world and devised new money laundering and terrorist financing schemes by taking advantage of loopholes in the regulations, new ways of working aided by advances in technology, and electronic payment innovations. Collaboration Will Be Key.

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Compliance Regulation Data Risk Management 52

FICO

JULY 1, 2022

Director, Product Management at FICO, and included panelists: Julie Conroy , Head of Risk Insights and Advisory at Aite-Novarica Group (US). Ulisses Okamoto , Fraud Risk Management Superintendent at Itaú Unibanco (Brazil). Kerem Özdamar , Fraud Risk Analysis & System Development Manager at Garanti BBVA (Turkey).

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Fraud Trends South Carolina Risk Management 52