Abrigo

MARCH 7, 2022

Experts weigh in on regulatory hot topics for 2022 Review these 10 insights into what regulators are looking for in 2022 to help your financial institution pass exams with flying colors. Takeaway 1 Regulators have increased their focus on BSA in the first quarter of 2022, and the crisis in Ukraine will put OFAC in the spotlight.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

Abrigo

MARCH 11, 2022

Expert insights on 10 regulatory topics that NBFIs should consider this year Review this list of what regulators are looking for in 2022 to help your NBFI pass exams with flying colors. Takeaway 3 NBFIs should review common deficiencies in AML programs that regulators are citing and fix issues before their next audit or exam.

Regulation 195

Regulation cryptocurrency Policies Management 195

Insights on Business

MARCH 5, 2019

Reducing costs but appeasing regulators seems like an oxymoron, yet, many AML compliance and operations leaders are being asked to do just that. The question is, how to do this, while keeping the regulators happy? Even better, regulators have recently begun encouraging the application of these techniques.

Regulation 70

Regulation Compliance Analysis Innovation 70

CFPB Monitor

OCTOBER 17, 2018

The CFPB’s Fall 2018 rulemaking agenda has been published by the Office of Information and Regulatory Affairs (OIRA) as part of its Fall 2018 Unified Agenda of Federal Regulatory and Deregulatory Actions. The Fall 2018 agenda reclassifies the Section 1071 rulemaking as a long-term action item.

Regulation 68

Regulation Compliance Lending Cards 68

PYMNTS

MAY 3, 2020

RBS is looking to focus resources on Mettle, the second of its two digital-only challenger brands. We’ve always said that we will look to innovate. Bó was first launched by RBS in September 2018 to address the increasing popularity of newer electronic banks like Monzo, Revolut and Starling.

Branding 181

Branding Resources Digital Banking Regulation 181

PYMNTS

MARCH 27, 2020

While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. Considering t he global nature of COVID-19, regulators outside of the U.S. Security .

Data 199

Data Retail US California 199

PYMNTS

FEBRUARY 3, 2020

This prospective growth can largely be attributed to the Monetary Authority of Singapore (MAS), the region’s main regulator, which announced in June 2018 that it would grant five digital banking licenses to third-party companies. APIs and open banking growth. APIs are critical, as they enable further digital banking connectivity.

Digital Banking 185

Digital Banking Innovation Maine Regulation 185

PYMNTS

MARCH 4, 2020

LaFontaine was warned by his subordinates and by regulators that capping the number of alerts was dangerous and ill-advised. FinCEN encourages technological innovations to help fight money laundering, but technology must be used properly.” . 10, with new regulations for cryptocurrencies, wallets and exchanges.

US 130

US Regulation cryptocurrency Resources 130

PYMNTS

DECEMBER 20, 2018

According to a report in Reuters citing Shawn Melamed, Morgan Stanley’s head of technology business development and innovation office, Melamed said the company is streamlining documentation and expanding the instances where executives can look at new products in an effort to improve partnerships with startups.

Fintech 192

Fintech New York Meeting Resources 192

PYMNTS

MARCH 7, 2019

Merchants and customers are now transacting under PSD2 and GDPR in the European Union (EU) — regulations that allow a greater window into how customer data is being used. While these regulations are aimed at increasing consumer trust by allowing them more transparency, many consumers in the region are still adjusting.

Lending 198

Lending Regulation Regional Data 198

Abrigo

MARCH 24, 2021

Anti-Money Laundering Act of 2020 BSA professionals should prepare for changes as new regulations and guidance from FinCEN unfold. Takeaway 2 While the AMLA is now law, regulations, guidance, and other information still needs to be written. These include conducting studies, writing regulations, and publishing guidance.

Regulation 195

Regulation Training Study Policies 195

PYMNTS

OCTOBER 1, 2019

As fraudsters become increasingly aggressive, new global regulations and solutions are being deployed to keep consumers, merchants and banks safe. Federal regulators in the U.S., The agency reported that more than 21,000 individuals were tricked into sending $143 million in romance scams in 2018 — triple the rate reported in 2015.

Fraud 156

Fraud Millennials Regulation Trends 156

Insights on Business

JANUARY 9, 2019

Highlights of the regulator’s guidance. In the statement, regulators have provided leeway to create innovative new approaches. They agreed not to penalize banks who undertake an innovative “pilot program” even if the program proves unsuccessful. Welcome to the brave new world of regulatory technology.

Innovation 126

Innovation Regulation Technology Maine 126

PYMNTS

OCTOBER 29, 2018

As a result of the passage and adoption of open banking regulations, like PSD2 in Europe, banks and other financial firms are sharing data more freely than ever before. While these initiatives are spurring more focused financial services innovations, they also come with challenges. Adapting To Open Banking .

Security 192

Security Fraud Tools Data 192

PYMNTS

DECEMBER 27, 2018

However, these roles are shifting from competitor to collaborator — and from battle for market share to shared revenues amid shared resources. Brought together, FIs and FinTech firms can help one another by working together to develop innovative products that can cement relationships with firms’ end customers, both corporate and individual.

Fintech 184

Fintech How To Regulation Payments 184

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. It is likely that regulators will soon ask banks to come up with a plan.

Conference 195

Conference Payments Fraud Data 195

PYMNTS

DECEMBER 6, 2017

And, much to the relief of corporates, the continuing focus on B2B payments innovation. We are definitely seeing more innovation in the cross-border B2B space in the last two years than we have ever before,” he recently told PYMNTS. “We The evolution of blockchain-based services. Collaboration between FinTechs and banks.

Payments 183

Payments blockchain Innovation Fintech 183

PYMNTS

SEPTEMBER 26, 2018

Earlier this year, CoinDesk data revealed more money was raised via ICO in the first quarter of 2018 than in the entirety of 2017, totaling $6.3 ” Furthermore, many of these projects raising funds lack the resources and internal staff to manage that pressure or other more typical challenges, like marketing and branding.

Management 164

Management cryptocurrency blockchain Regulation 164

PYMNTS

JUNE 13, 2019

Fighting bad actors is particularly challenging for those in the banking industry, which lost more than $31 billion to fraud in 2018 and is projected to lose even more as cybercriminals become more sophisticated. The bank implemented a data-based fraud detection initiative in 2018 to help combat this problem with false positives.

Fraud 128

Fraud Analytics New Jersey Data 128

PYMNTS

JANUARY 29, 2020

A significant number of firms — notably small- to medium-sized businesses (SMBs) — still use such systems, as 25 percent of smaller firms stated in 2018 that their payroll involved pen-and-paper methods. SMBs need to remain compliant with increasingly complex financial regulations. That more-measured approach is not necessary, though.

Taxes 141

Taxes Fraud Tools System 141

PYMNTS

DECEMBER 14, 2018

News came earlier in the month that several federal agencies have come out — together — in support of banks embracing innovation in their compliance efforts. Thus, said the agencies, banks should eye technology, and should endeavor to “consider, evaluate, and where appropriate, responsibly implement innovative approaches in this area.”

Compliance 148

Compliance Innovation FDIC Examples 148

Abrigo

DECEMBER 10, 2019

These crimes can result is significant loss of financial resources for the victims and often greatly impact their quality of life. BSA Rules and Regulation. BSA Rules and Regulation. Older Americans enjoy coming to the branch to do business, thus allowing the relationship to build with bank staff. Cannabis Banking. Learn More.

Fraud 284

Fraud Study United States Training 284

PYMNTS

DECEMBER 30, 2019

Fifty-four countries now have active real-time payment programs, up from 40 countries in 2018. Heavily regulated industries bedevil firms with their multitude of compliance requirements. The education space is also in need of innovative payment processes. and abroad continues at a steady pace. About the Tracker.

Payments 130

Payments System Maine Fintech 130

CFPB Monitor

AUGUST 21, 2018

The Treasury suggests that federal banking regulators take action to resolve this ambiguity. Other financial regulators should support data aggregation. On September 20, 2018, from 12 p.m. Clarifying applicability of third-party oversight guidance to data aggregators. to 1 p.m.

Data 84

Data Report Regulation Security 84

CFPB Monitor

MAY 23, 2019

The preamble referenced the CFPB’s May 2018 statement that was issued following such Congressional disapproval in which the CFPB announced that it was reexamining the ECOA requirements. The Bureau decided to pause work on section 1071 in 2018 in light of resource constraints and the priority accorded to various HMDA initiatives.

Regulation 68

Regulation Compliance Leadership California 68

CFPB Monitor

MAY 16, 2019

The Office of the Comptroller of the Currency (OCC) has opened its own “sandbox” through a Proposed Innovation Pilot Program (Program) designed to promote its innovation initiatives, add value through proactive supervision, and continue its objective to lead fintech innovation expansion. The OCC Program.

Innovation 68

Innovation Tools Fintech National 68

PYMNTS

APRIL 6, 2017

The third phase, which will usher in faster ACH credit funds availability, is on track to occur in March 2018. While these new ACH offerings are promising to quicken the pace of monetary transactions, the changes are also bringing new rules and regulations that directly impact how banks and other financial players operate.

Resources 100

Resources Training Payments Regulation 100

PYMNTS

NOVEMBER 22, 2017

The Asia-Pacific region is a rising star in FinTech innovation, but this week, the blockchain spotlight landed on Singapore as more distributed ledger initiatives from the private and public sectors took major steps forward. We’re now transacting on a global basis in this space, which is ripe for innovation and improvement,” he said.

blockchain 134

blockchain Fintech Innovation Report 134

PYMNTS

SEPTEMBER 9, 2019

For others, like the Cyber Readiness Institute, combatting cybercrime means expanding the availability of resources: the Institute recently revealed its plans to translate its cybersecurity program to Spanish and Portuguese for instance. Below, PYMNTS looks at some of the numbers behind changing cybersecurity strategies.

Strategy 180

Strategy Security Technology Data 180

Insights on Business

MAY 1, 2019

Information relevant to the institution’s risk profile may take the form of proposed regulations, request for comment, final rules, guidelines, adoptions, authorizations & MOUs, decisions and orders, exemption orders, policies, notices, news release, amendments, sanctions, warnings, and bulletins among others.

Compliance 122

Compliance Management Regulation Analysis 122

NCR

APRIL 30, 2018

According to the EY Global Banking Outlook 2018 , more than six out of ten banks (62 percent) hope to be either digitally maturing or a digital leader by 2020. Capgemini has digital transformation as its top trend for retail banks in 2018, with competition, customer expectations and cost efficiency the key drivers.

Technology 72

Technology Survey Leadership Strategy 72

Perficient

MAY 21, 2021

Technology Stack: Flask, SQLAlchemy, Bootstrap, ForeignKeys, Jinja | APIs Used: Used data from “California regulations of possibly harmful products”, which was a CSV file. Prior to Bright Paths, Kelsey was self-taught and used multiple resources to learn Python in under one month. Kelsey Ravin is a new face in the tech industry.

Milwaukee 348

Milwaukee Software Course Detroit 348

CB Insights

MARCH 8, 2018

Banks in Fintech: what’s ahead in 2018. The UK, in particular, has seen the most challenger bank activity compared to other regions, as a result of progressive regulations enacted to promote competition and break up the banking monopoly. How challenger banks leveraged regulation. What we’re watching in 2018.

Retail 78

Retail Digital Banking Fintech Regulation 78

Insights on Business

DECEMBER 17, 2018

As IBM VP David Marmer previously noted , in 2018, GRC has come of age. From our engagement with clients and prospects, we see three GRC objectives as paramount: Preserve trust and reputation with clients, employees, regulators, partners and the board. IBM OpenPages 8 – Oversight dashboard. GRC’s coming of age.

Compliance 121

Compliance Resources System Risk Management 121

PYMNTS

JANUARY 25, 2018

The plate, available in California and due to be rolled out in other states through 2018, is a self-lit LCD screen with a display that can be changed to, for example, showcase advertising along the (government-issued) license plate number. Beyond the technology and the plate lies concept. Reviver Auto is also working with another six states.

Boston 128

Boston California Michigan Georgia 128

PYMNTS

MAY 6, 2020

trillion, and it resulted in almost half of global organizations noting they were victims of fraud in 2018. Regulators in the U.K. Financial fraud costs businesses an estimated $1.45 Automated tools can recognize data patterns much more quickly than humans and alert employees to potential fraud. and the U.S. issued a collective $8.14

Data 181

Data Fraud Tools Technology 181

Insights on Business

NOVEMBER 26, 2018

Financial institutions globally are awakening to the fact that regulatory technology will drive the next wave of innovation in their approaches to understanding and stopping financial crimes. Date: Tuesday, November 27, 2018. From attempted money laundering, to account takeover, to insider trading, institutions are paying attention.

Compliance 123

Compliance Customer Experience Strategy Groups 123