Gonzobanker

DECEMBER 17, 2021

Gonzo readers, 2021 was just plain schizophrenic. 2021 fintech investments, merger activities, and overall focus were off the charts. Two, read and enjoy the 2021 GonzoBanker awards, our annual take on the best things we saw during the year. So which merger was the best in 2021? Doug Larson. THE BANKER AWARDS.

Fintech 143

Fintech Strategy Leadership Lending 143

Abrigo

JUNE 12, 2023

WATCH NOW Takeaway 1 The number of money transmitters grew by 13% in 2021 in the U.S. According to the Conference of State Bank Supervisors , the number of money transmitters grew by 13% in 2021 in the U.S. Streamlined compliance : Compliance with varying state regulations significantly burdens money transmitters.

Compliance 195

Compliance Fraud Regulation Guidelines 195

PYMNTS

MAY 4, 2020

He will be tasked with developing strategy, direction and comprehensive success of Mastercard’s operations across 53 countries in Europe. He added that he is eager to build on the company’s ideology to “drive new technology and innovation” and to be the “partner of choice.” .

Operations 141

Operations Regulation Regional Retail 141

PYMNTS

JANUARY 15, 2021

To get a bit more granular, in an interpretive letter , the OCC said that regulated financial institutions (FIs) can participate in independent node verification networks (INVN for short – namely, a blockchain network). But if the road to stablecoins is getting clearer, don’t expect rush-hour traffic on that road yet, cautioned Allaire.

Regulation 253

Regulation US Payments Compliance 253

Abrigo

JANUARY 22, 2024

However, with all innovation comes great responsibility, especially when it comes to safeguarding those new products against fraud. It is no secret that the significant increase in fraud is one of the biggest concerns financial institutions face today. This takes discipline and time.

Fraud 221

Fraud Training Risk Management Software 221

PYMNTS

JANUARY 28, 2021

It will likely alter global markets and regulations as the financial ecosystem becomes more digitized. The following Deep Dive examines the interest in contactless payments among credit union members and the opportunity for the CU space to meet members’ changing payment needs through digital innovation.

Innovation 187

Innovation Millennials Payments Mobile 187

CFPB Monitor

MAY 31, 2022

Associate Director Evangelista stressed “responsible innovation” by the cryptocurrency industry, in order to protect consumers and national security interests, as well as to combat cybercrime and other illicit financial activity. Responsible Innovation “. Responsible Innovation “.

cryptocurrency 146

cryptocurrency Innovation DC National 146

CFPB Monitor

MAY 3, 2021

On April 23, 2021, the California Department of Financial Protection and Innovation (“DFPI”) issued proposed regulations to implement the Debt Collection Licensing Act (“DCLA”). The 45-day public comment period for the proposal ends on June 8, 2021. Section 1850.61 – Provides process to surrender license.

California 78

California Regulation Los Angeles Innovation 78

Perficient

APRIL 14, 2022

With the rise in vaccination rates and a hopeful return to a “new normal,” it won’t be possible to put the genie back in the bottle and return to legacy operations. New product opportunities are being driven by innovation and market conditions. New skill sets are required to operate in a digital environment.

Strategy 332

Strategy Tools Industry Customer Experience 332

FICO

DECEMBER 15, 2020

So, here are the five for 2021. Oh, and do not forget that the reassigned number database is currently on pace to be operational as early as the middle of next year. If my prediction is on the mark, 2021 should be one where improved customer communications will fuel stronger customer engagement. TCPA Changes Are Coming.

Policies 52

Policies Washington DC Regulation 52

CFPB Monitor

MAY 25, 2022

The CFPB announced earlier this week that as part of a new approach to innovation in consumer finance, it is replacing its Office of Innovation and Operation Catalyst with a new office, the Office of Competition and Innovation, and eliminating its No Action Letter (NAL) and Compliance Assistance Sandbox (CAS) programs.

Innovation 78

Innovation Compliance Marketing Regulation 78

PYMNTS

SEPTEMBER 6, 2019

Why Invisible Will Make 2020’s Payments Innovation Roar. Two hundred and seventy-four years later, those words are the perfect framework for understanding what will define the next decade of innovation in payments and any ecosystem that touches it. Regulators Taking Close Look At Payroll-Advance Apps. Trackers and Reports.

Innovation 116

Innovation Payments Apple United States 116

FICO

NOVEMBER 11, 2020

FICO has announced its panel of independent judges for the 2021 FICO® Decisions Awards which honor clients achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. Ignazio Provinzano, Head of Risk Operations at Swisscard (previous winner). by Nikhil Behl.

Meeting 52

Meeting Analytics Big Data Management 52

PYMNTS

DECEMBER 23, 2020

The road to mainstream acceptance of cryptocurrencies will still have its bumps, its potential roadblocks set in place from regulators. At the heart of it all might lie a jousting existential in nature — namely, between the companies that create and issue cryptos and the agencies that regulate them.

cryptocurrency 234

cryptocurrency Security Bitcoin Regulation 234

PYMNTS

OCTOBER 21, 2016

billion by 2021 at a CAGR of 23.9 According to MarketsandMarkets, the increasing need for operational efficiency is expected to be the primary driver for the fleet management market during the forecast period. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021. billion in 2016 to $27.9

Management 100

Management Marketing Regional System 100

Perficient

MARCH 3, 2023

Perhaps regulators will want/need access to satisfy their inquiries. About the Authors: Carl Aridas has been a member of Perficient’s Digital Assets Team since 2021. What about third parties? Do internal/external auditors need to know? The requested visibility capability from clients often starts with procurement.

blockchain 275

blockchain Management Regulation Resources 275

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.

Compliance 52

Compliance Regulation Data Risk Management 52

PYMNTS

NOVEMBER 24, 2020

The stars of financial services in 2021 will have something to do with credit,” i2c CEO Amir Wain told Karen Webster, saying the days of the simple checking or demand draft accounts (DDA) are over. You can’t be a star with the DDA in 2021,” he added. But while some might think the mobile banking innovation trend is a U.S.-dominated

Mobile 310

Mobile social media Fintech Innovation 310

South State Correspondent

JANUARY 3, 2024

These books span a range of banking topics but emphasize second-order thinking, productivity, building client relationships, and innovation. This fictional novel with an ugly cover is a fast-paced and entertaining story of a plant manager desperately trying to improve operational performance and his marriage.

Leadership 370

Leadership Management Strategy How To 370

FICO

JANUARY 26, 2022

2021 saw debt collection and recovery professionals grappling with new regulations while they developed better ways to monitor and handle vulnerable customers during the pandemic. Operating Model: Define and design the Target Operating Model that provides a framework for effective strategy design and seamless execution.

Strategy 52

Strategy Analytics Operations Data 52

PYMNTS

DECEMBER 28, 2020

I’d written back in January that “the 2020s promise to bring about a convergence of the technology and innovations that have defined the last 10 years — to bring about new disruptions as the web shifts into higher gear, mobile becomes ever more popular and vital, homes and automobiles become hotbeds of commerce.

Maine 270

Maine Payments Policies Survey 270

FICO

MARCH 7, 2023

Home Blog FICO Responsible AI: Are European Firms Ready for the Regulators? There are significant changes coming in Europe, which highlight getting a handle on responsible AI use, with the banking and financial services sector among those that will be most impacted by increasing regulation.

Regulation 52

Regulation America Compliance Fraud 52

PYMNTS

DECEMBER 10, 2020

Prior to COVID-19 , she said the treasury had focused on lean operations, with little time allowed for deep dives to investigate other things. While reconcilement has always been important, COVID-19 has seen organizations increase their budgets and adjust their focuses to drive value into their supply chains and operating models.

Payments 259

Payments Tools Operations Innovation 259

CFPB Monitor

JUNE 22, 2022

After announcing in 2021 their intent to work collaboratively to update the CRA regulations to achieve a more consistent framework, revisions to the CRA’s implementing regulations were recently proposed by the three U.S. banking regulators (the “2022 Joint Notice” or the “Proposal”). 2022 Joint Notice.

Regulation 78

Regulation Community Lending Retail 78

PYMNTS

JUNE 8, 2020

The pandemic has thrown daily operations for merchants in the EU and the U.K. The shifts to SCA payment limits as well as its deadline are showing regulators how the rule is currently working for merchants and consumers and suggesting how it could indicate broader, more complex upgrades to open banking in the future.

Payments 150

Payments Regulation Retail Online 150

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. What we see is an opening up of customer data as a ground-up [innovation] process led by the banks themselves.

Digital Banking 185

Digital Banking Innovation Maine Regulation 185

PYMNTS

MARCH 6, 2020

Real-time payments are imperative for running successful operations in today’s global ecosystem. Digital payments sent internationally are expected to move past $1 trillion in 2025, but getting to that point will require support from payment providers, regulators and other such firms still building out the necessary infrastructure.

Payments 304

Payments New York Metro New York City 304

PYMNTS

DECEMBER 17, 2020

Massachusetts regulators filed a complaint against Robinhood on Wednesday (Dec. 16) alleging that the stock-trading platform failed to protect its customers and their assets, violating state laws and regulations. Small Business Solutions and Karen Webster how payments innovation will play a critical role in their digital-first 2021.

Massachusetts 147

Massachusetts Bitcoin Payments System 147

PYMNTS

JULY 5, 2019

Amazon in some ways was the victim of a race run so well that regulators are taking a second look, competitors are loudly complaining and even the courts are taking a tougher line on its business practices. And Amazon’s competitors in retail are working hard to make sure that the regulators take a close enough look.

Regulation 108

Regulation Pennsylvania Retail Report 108

CFPB Monitor

SEPTEMBER 8, 2020

We previously wrote about California Governor Newsom’s 2020-2021 Budget and an accompanying trailer bill that would rename the Department of Business Oversight (“DBO”) and significantly increase its ability to oversee financial services providers in the state. Ballard Spahr to hold webinar on this legislation on September 29, 2020.

California 78

California Innovation Regulation Report 78

PYMNTS

DECEMBER 1, 2020

It’s been more than a year in the making — with no shortage of caution and criticism by lawmakers and regulators here in the states and in Europe — but Libra, the digital currency backed by Facebook and a revolving cast of other tech firms, could debut as early as next month.

Course 293

Course Regulation blockchain System 293

PYMNTS

MARCH 11, 2020

With the new API, Carefree has plans to aid more than 1,000 businesses to automate loan disbursals by 2021. Innovations in the payments technology space have played a crucial role in driving this evolution. Innovations in the payments technology space have played a crucial role in driving this evolution.

Lending 130

Lending User Experience Capital Innovation 130

PYMNTS

JANUARY 20, 2021

Generally speaking, that data sharing paves the way for a streamlined banking experience, especially over online and mobile conduits, via regulated providers. As for open banking here in the states, as noted in this space late last year , regulators are refocusing on the space. Dan Weaver, open banking expert at Equifax U.K.,

Data 188

Data Innovation Fintech Regulation 188

PYMNTS

NOVEMBER 16, 2020

The accelerating cases are triggering further reductions in business operating hours and new commercial lockdowns. Karen Webster says it’s time for policymakers and payments innovators to get creative — and educate and incent consumers — if we really want to put the coronavirus in our rearview. But a new PYMNTS study of 2,800 U.S.

US 143

US Payments New York Innovation 143

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. million in 2021. www.six-group.com.

Analytics 97

Analytics Risk Management Management Regulation 97

CFPB Monitor

JULY 5, 2022

a)(14) of Regulation Z, and that Payactiv therefore had a safe harbor from liability under the TILA and Regulation Z in connection with the specified EWA program. EWA products provide employees with access to earned but as yet unpaid wages. The letter took aim at the AO and the Payactiv approval order.

Regulation 78

Regulation Policies Innovation Analysis 78

PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Reuters quoted central bank Vice Gov. Will Chinese Authorities Force Ant To Restructure? . A Growing Crackdown .

US 168

US Regulation Groups System 168