Insights on Business

NOVEMBER 29, 2018

Operational innovation is vital in a highly competitive financial services sector, with a new community of digital banks and other firms vying for market share. Drivers for Operational Innovation. These terms look good on paper, but what do they mean in practice for operational innovation? If not, then they need to change.

Operations 138

Operations Innovation Management Risk Management 138

PYMNTS

MARCH 26, 2020

“Western Union is committed to drawing on our history of innovation and our agile cross-border, cross-currency platform to serve our customers in whatever ways they require in this unprecedented environment,” said Hikmet Ersek, Western Union president and CEO. Over 40 countries have the ability to use the Western Union Mobile app. .

Video 286

Video Tools Risk Management Guidelines 286

Abrigo

OCTOBER 21, 2020

The greatest incline was represented in both the lodging and retail sectors , with lodging increasing to nearly 20% of the universe in grace period, and retail going up to just above 10%. This scenario used around 50% price declines on lodging, around 30% on retail, and around 25% office and multifamily. Credit Risk Management.

Marketing 312

Marketing Lending Risk Management Retail 312

Insights on Business

JUNE 27, 2018

IBM RegTech Innovations. Asset liability management (ALM) and liquidity risk (LR) are top of mind for banks as the pressure from today’s regulatory environment heats up. Continued innovation in big data technology makes it possible to extend it into new sectors, such as risk management.

Big Data 151

Big Data Data Risk Management Analytics 151

PYMNTS

MARCH 7, 2018

To help merchants and other service providers convert more consumers at the point of sale, LendingPoint has unveiled LendingPoint Merchant Solutions, a platform that will provide fully integrated one-stop retail financing, the company said in an announcement. The move comes after the company acquired LoanHero in Dec.

Retail 100

Retail San Diego Georgia Risk Management 100

CFPB Monitor

MAY 24, 2019

Among such issues discussed in the Spring 2019 report , which generally reflects bank data as of December 31, 2018, are risks arising from financial innovation and new technologies. By taking a wait and see approach to innovation, banks add to their risk.

Innovation 68

Innovation Report Compliance Risk Management 68

Jeff For Banks

NOVEMBER 28, 2023

Open banking : Open banking APIs will allow third-party providers to access and share customer financial data with their consent, enabling new and innovative banking products and services. Data-driven decision-making : Banks will use data analytics to make better decisions about product development, marketing, and risk management.

United States 91

United States Analytics Risk Management Google 91

Bobsguide

FEBRUARY 22, 2022

Through focused, innovative products, services, and a redefined operating model, BDB has been stimulating and driving entrepreneurial activity in the country. It will interface with technology offerings from TCS’ partners for CRM, sales, risk management and other enterprise functions.

Innovation 78

Innovation Customer Experience Strategy Operations 78

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.

Examples 221

Examples Fraud Resources Risk Management 221

FICO

NOVEMBER 21, 2022

FICO awarded first place in six categories on risk and compliance technology in the 2023 Chartis RiskTech100 ® Report, including Innovation for the sixth year in a row. I am thrilled to announce that the annual 2023 Chartis RiskTech100® Report ranking risk and compliance technology companies is live! Retail Credit Analytics.

Report 52

Report Risk Management Compliance Analytics 52

PYMNTS

JUNE 21, 2018

PayPal announced Thursday (June 21) that, following on the heels of its acquisition of Hyperwallet earlier this week, it is acquiring Simility , which is a fraud prevention and risk management platform. Marketplace sales accounted for 50 percent of all online sales in 2017, according to an estimate provided by PayPal.

Risk Management 131

Risk Management Fraud Tools Management 131

PYMNTS

MAY 5, 2016

Absolutely no need to panic, then — unless the topic is retail bankruptcies , which increased year over year by 24 percent. Such is the double-edged sword of a retail industry swept up in innovation. For every new path cut through the market, the retailers standing in the way are cut down. January — Wet Seal. As of Feb.

Retail 100

Retail Branding Denver Management 100

PYMNTS

NOVEMBER 6, 2020

Payments are no exception,” she said, noting that a variety of firms – from retailers to insurance providers – are tailoring their customer journeys to meet consumer demands. For instance, machine learning and other advanced technologies can boost fraud- and risk-management capabilities.

Payments 274

Payments Cards Fraud Retail 274

Abrigo

DECEMBER 5, 2023

Financial services experience: Practical experience in the banking or financial sector, especially in compliance, risk management, or auditing roles, is invaluable for a BSA Officer. Working closely with other departments, such as retail and lending, is critical to ensuring enterprise-wide compliance.

Training 221

Training Compliance Regulation Software 221

FICO

SEPTEMBER 30, 2022

FICO has announced its panel of independent judges for the 2023 FICO® Decisions Awards , which honor businesses achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. Douglas Blakey, editor, Retail Banker International.

Meeting 52

Meeting Analytics Management Strategy 52

Bobsguide

MAY 8, 2022

A recent GFT survey revealed that 95% of banks adopt cloud to improve time to market, while 86% of them do it to improve innovation and scalability. – A leading European retail bank. Cloud has moved from leading edge to the baseline of banking success. – Portal de Documentos. – An independent insurance broker.

Compliance 166

Compliance Risk Management Digital Banking System 166

Bank Innovation

JANUARY 11, 2018

The acquisition will combine LendingPoint’s focus on risk management and credit underwriting with LoanHero’s financing platform, which will allow LendingPoint to further […].

Risk Management 220

Risk Management Management Company Online 220

Celent Banking

JANUARY 19, 2016

Many large financial institutions spent in excess of $25 million on rolling out failed enterprise risk management frameworks during the 2000’s. Well for many obvious reasons, the most notable of which has been the large scale failure of institutions to manage their risks and the well-editorialized consequences of those failures.

Risk Management 100

Risk Management Management Regulation Policies 100

FICO

NOVEMBER 24, 2021

The 2022 Chartis RiskTech100® Report is live, and I am proud to announce that FICO ranked 6th overall in the annual report and was named the category winner for: Innovation (5th consecutive year). Retail Credit Analytics. Artificial Intelligence Applications. Financial Crime – Enterprise Fraud. What a way to wrap the year!

Report 52

Report Analytics Company Innovation 52

Bobsguide

OCTOBER 1, 2022

Prometeia and SIX have entered into a long-term collaboration that involves Prometeia providing SIX the calculation capabilities for a product risk indicator (PRI) for securities that do not fall into the scope of PRIIPs (Packaged Retail and Insurance-based Investment Products) regulation. The company is owned by its users (120 banks).

Analytics 97

Analytics Risk Management Management Regulation 97

Payments Source

SEPTEMBER 25, 2018

Merchants increasingly fall short of security standards as digital commerce innovation pressures risk management.

Security 82

Security Risk Management Innovation Management 82

Celent Banking

APRIL 7, 2017

Undoubtedly, the highlight was attending Celent's Innovation and Insight Day on April 4th, where we celebrated achievements of the Model Bank and Model Insurer award winners. Risk Management. Consumer Banking Channel Innovation. Product Innovation. Alior Bank S.A., Emerging Technology for Consumers.

Case Study 189

Case Study Boston Risk Management Study 189

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. As a result, other organizations want to be competitive and keep up with those innovations.

Payments 145

Payments Risk Management Fintech Innovation 145

PYMNTS

SEPTEMBER 6, 2016

ACI will be powering EBH’s updated electronic payment options using ACI’s UP Retail Payments solution. ACI’s UP Retail Payments solution will focus on payment type, channel, currency or network and also intends to help EBH to protect the bank’s existing infrastructure regarding its investments and payments.

Payments 100

Payments Risk Management Retail America 100

Celent Banking

JANUARY 23, 2017

Consumer Banking Channel Innovation – for the most creative use of consumer channels, or the most effective channel integration. Branch Transformation – for the most compelling branch transformation initiative, including branch format innovations and creative use of live agents.

Risk Management 100

Risk Management Innovation Case Study Boston 100

Bobsguide

JUNE 14, 2022

Users will benefit from advanced treasury and risk management capabilities. This includes using methods such as Value at Risk (VAR), Potential Future Exposure, Valuation, and Delta to work out potential losses or exposures. Finastra adds Lozenge Analytics complex calculation capabilities to Fusion KTP for treasury customers.

Analytics 60

Analytics Risk Management Compliance Management 60

Abrigo

OCTOBER 20, 2020

Plan for new technology and innovations. The banking industry has faced many challenges in 2020, from transitioning to CECL, managing Paycheck Protection Program loans, and navigating an unprecedented economic recession. Planning for new technology and innovations. They continue to listen to the field, which is rare.

Management 195

Management Lending Community Strategy 195

South State Correspondent

MAY 9, 2022

The most significant problem with bank innovation is that bankers see or hear about a sexy piece of technology at a conference or at another bank and then acquire it. The new piece of technology ends up solving a known problem but, in the process, creates more problems, and risks, than it solves.

Technology 195

Technology Customer Experience Data Training 195

Bobsguide

AUGUST 7, 2022

The solution, integrated with the apps CloudMargin and eflow via Finastra’s FusionFabric.cloud platform, will provide the bank with a modern, scalable and cost-efficient ownership model as well as access to ongoing upgrades and innovation. For more information, visit finastra.com. About The Co-operative Bank.

Operations 68

Operations Strategy Innovation Policies 68

South State Correspondent

JANUARY 4, 2023

Mostly, this means getting innovative with deposit and payment products. Building out the ever-important treasury management suite, targeting deposit-rich customer segments, and creating new savings products are all examples of how banks can build deposit balances at low cost, low-rate sensitivity, and high deposit convexity.

Community Bank 195

Community Bank Capital Lending Training 195

Gonzobanker

JULY 8, 2022

Today, banks have no choice but to look more like tech companies: tech companies are offering banking services, innovative financial institutions are deploying banking as a service (BaaS) offerings, and digital transformation is dominating the strategic priorities of most financial institutions. Innovation Leader.

Resources 139

Resources Leadership Technology Management 139

NCR

JANUARY 9, 2017

Growth and innovation. While they have faced macroeconomic headwinds, UAE banks have managed to achieve something that many of their counterparts in other countries are striving for: customer satisfaction. The post Growth, innovation and challenges in UAE banking appeared first on Banking.com. ” Future challenges?

Innovation 40

Innovation ATM Industry Trends 40

PYMNTS

OCTOBER 28, 2020

Last June, Oracle advanced its Retail Brand Compliance Management Cloud Service with the latest innovations. When businesses have the ability to incorporate AP solutions into their cloud-based ERP systems, there are many benefits. Merchants had the opportunity to monitor the integrity of their materials and end products.

Compliance 154

Compliance Security Management Analysis 154

FICO

NOVEMBER 23, 2021

They will evaluate nominations based upon measurable improvement in key metrics; demonstrated use of best practices; project scale, depth and breadth; and innovative uses of technology. Sid’s analyst research is focused on the intersection between risk management and high-performance analytics.

Meeting 52

Meeting Analytics Risk Management Management 52

PYMNTS

DECEMBER 14, 2018

Guru said it will use the investment to focus on further innovation of its solution. NGP Capital led a $15 million Series C funding round for Celect , a company that deploys predictive analytics within its inventory management and optimization solution for retail customers. In another Seed funding round this week, U.K.-based

Data 128

Data Capital Analytics Fintech 128

PYMNTS

MAY 18, 2016

In this role, he handled strategy and operations for the WU Digital Payments Capabilities, Fraud Management, Customer Verification, and Operations. Prior to that, Ken was VP Risk Management at Western Union helping to recognize, minimize and manage exposure across product lines.

Fraud 101

Fraud social media Operations Capital 101

PYMNTS

APRIL 24, 2018

Providing our customers with the option of combining consumer data and small business data with the innovative, machine learning-based technology present in the Commercial Insight Delinquency Score will redefine the U.S. commercial risk management market,” explained Scott Spencer, SVP and GM for U.S.

Leadership 101

Leadership Data Risk Management Operations 101