Independent Banker

DECEMBER 31, 2021

What changes will 2022 bring? And as local economies continue to stabilize and many challenged industries bounce back, 2022 may be the year community bankers put the rubber to the road by revisiting goals and turning them into action items. What will drive profit in 2022? Janet Silveria, Community Bank of Santa Maria.

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Community Bank Community Lending Louisiana 144

FICO

JANUARY 28, 2022

2022 FICO Decisions Award Winners - Decisions That Matter. I am thrilled to announce the winners of the 2022 FICO® Decisions Awards. . Many entries this year demonstrated innovative use of technology and creative thinking to respond to the challenges of the pandemic. 2022 FICO Decisions Award Winners. 2022 Judges.

Meeting 52

Meeting Fraud Florida Compliance 52

Perficient

JANUARY 23, 2024

The COVID-19 pandemic prompted several unprecedented shifts in society, notably impacting the workplace and necessitating the adoption of innovative technologies that facilitate collaboration and efficiency in a work-from-home (WFH) environment. This post has been updated to reflect FINRA Regulatory Notice 24-02, issued January 23, 2024.

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Compliance Regulation Industry Maine 221

Perficient

JANUARY 3, 2024

The COVID-19 pandemic prompted several unprecedented shifts in society, notably impacting the workplace and necessitating the adoption of innovative technologies that facilitate collaboration and efficiency in a work-from-home (WFH) environment. What’s New?

Compliance 221

Compliance Risk Management Regulation Industry 221

CFPB Monitor

JUNE 7, 2022

On May 25, 2022, my colleagues, Mike Gordon, John Culhane and Ron Vaske published a blog which reported on a press release issued by the CFPB on the prior day entitled “CFPB Launches New Effort to Promote Competition and Innovation in Consumer Finance.”

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FICO

OCTOBER 6, 2021

I am excited to announce that our 2022 FICO Decisions Awards are now open! Nominations are due December 3, 2021 , and winners will be announced on January 28, 2022. Decision Management Innovation. Regulatory Compliance. in May 2022. Customer Onboarding and Management. Debt Management. ESG Champion (new category).

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Analytics Conference Compliance Management 52

FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. And the data from January 2023 is already trending at nearly 10x increase over 2022. One striking fact about the increase in POCs was that 75% of the total compromise sites were new in 2022 (sites that had not been compromised before).

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Cards US Data Fraud 98

FICO

MAY 18, 2022

On our fourth and final day at FICO World 2022 last week, 24 of our customers took to the main stage to receive recognition as winners in our FICO Decisions Awards. Shining a light on the innovation of our customers. Our awards shine a light on excellence in digital transformation and advanced analytic innovation. ESG Champion.

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Innovation Analytics Management Maine 52

FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Wed, 08/03/2022 - 12:40. Innovative Customer Communications for Fraud. Convergence – Beyond Fraud and Financial Crime Compliance.

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FICO

NOVEMBER 23, 2021

FICO has announced its panel of independent judges for the 2022 FICO® Decisions Awards , which honor businesses achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. 2022 Judges (Left to Right): Sidhartha Dash, Paul Deall, Senthil Erulappan, Armando Junior.

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Meeting Analytics Risk Management Management 52

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). 2022 marks the 16th annual RiskTech100® report. Link to download the 2022 Chartis RiskTech100® Report. Link to press release.

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Report Analytics Company Innovation 52

Bobsguide

MARCH 24, 2022

Finastra and CloudMargin Collateral Management as a Service offering accelerates compliance with UMR regulation. It’s estimated that the new Phase 6 of UMR, due to come into effect in September 2022, will affect 1,000 additional entities for the first time. For further information please contact: Caroline Duff. Global Head of PR.

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Compliance Management Regulation Software 60

FICO

DECEMBER 14, 2021

As we move forward into 2022, we are seeing the first signs of some interesting trends that will pick up pace across borders. As such, we’ve seen a slow emergence of a black market for the sale of fake vaccine passports and it is on its way to becoming a lucrative industry in 2022. Related scams have also been on the rise.

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Fraud Management Data Trends 52

FICO

DECEMBER 20, 2021

However, 2022 should signal a change. One of our latest credit score innovations, the UltraFICOTM Score , leverages consumer-permissioned bank account information that is a focus of the 1033 rulemaking. Despite a Wave of New Product Innovations, New Overdraft Rules Are on the Way. Open Banking Begins to Take Off in the U.S.

Policies 52

Policies DC Regulation Industry 52

CFPB Monitor

FEBRUARY 16, 2022

New York regulators have yet to issue final regulations implementing the state’s Commercial Finance Disclosure Law (CFDL), which went into effect on January 1, 2022. The NYDFS is expected to provide an updated proposal prior to March 31, 2022. On February 1, 2022, Mississippi ’s commercial disclosure bill died in committee.

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North Carolina Missouri Maryland Mississippi 78

CFPB Monitor

JUNE 14, 2022

The CFPB’s termination order recites that in April 2022, pursuant to the NAL, Upstart notified the CFPB that it intended to add a significant number of new variables to its underwriting and pricing model. The NAL included a requirement for Upstart to notify the Bureau of any significant changes to Upstart’s model before implementation.

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Perficient

FEBRUARY 2, 2023

In fact, according to The Business Research Company’s 2022 Payment Security Global Market Report , the payment security market is expected to reach $43 billion by 2026. Both Visa and Mastercard rolled out pilot biometric payment cards in 2022. In 2023, we expect to see this response exaggerated and heightened.

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Industry Trends social media Payments 471

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. Fri, 06/03/2022 - 12:24. Mon, 11/21/2022 - 20:30. Innovation – Retail Finance (*New category win for FICO). asokolowski. by Darryl Knopp.

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Report Risk Management Compliance Analytics 52

CFPB Monitor

AUGUST 1, 2022

The FHFA also issued a request for information (“RFI”) seeking public input on how to facilitate responsible innovation, identify barriers or challenges to implementing fintech into housing finance, support equity for homeowners and renters, and increase efficiency and effectiveness in the compliance and regulatory processes.

Financial Technology 78

Financial Technology Technology Fintech Compliance 78

FICO

JANUARY 10, 2023

Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules. Here are the five most-viewed posts from 2022 on the FICO Blog related to fraud. Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots. Innovative Customer Communications for Fraud. Card Skimming Fraud Grows 700+% in First Half of 2022.

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Fraud Cards Analytics Oakland 52

South State Correspondent

JANUARY 4, 2023

A potential economic slowdown, slower rate rises, an inverted yield curve, and deposit stress likely make 2023 a trying year compared to 2022. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital. Develop a more innovative process.

Community Bank 195

Community Bank Capital Lending Training 195

Abrigo

DECEMBER 17, 2021

Takeaway 1 Having a cohesive vision from the top down is critical to a culture of innovation and the successful adoption of new software. . It’s great that more financial institutions are welcoming technological innovations, but banks and credit unions must consider the long-term impact of their partnerships. DOWNLOAD WHITEPAPER .

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CFPB Monitor

JULY 5, 2022

through the CFPB’s Compliance Assistance Sandbox (CAS) Policy. In January 2022 , Seth Frotman, now CFPB General Counsel, indicated that more clarity on EWA products was needed from the CFPB. In June 2022, the CFPB terminated a no-action letter issued to Upstart Network, Inc.

Regulation 78

Regulation Policies Innovation Analysis 78

Bobsguide

APRIL 27, 2022

Bank will accelerate its cloud strategy with Finastra’s Fusion KTP in the cloud, enabling faster access to innovation and a proactive approach to global treasury management. London, UK – April 27, 2022 – Finastra announced today that Orange Bank in France has selected Finastra’s corporate treasury management solution, Fusion KTP in the cloud.

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Management Innovation Operations Strategy 113

CFPB Monitor

AUGUST 12, 2021

Compliance with the new disclosure requirements is not required until the DFPI’s final regulations become effective. As enacted in December 2020, the new law required disclosures for transactions of $500,000 or less and was to take effect on June 21, 2022. million or less and delayed the effective date to January 1, 2022.

CA 78

CA Regulation California New York 78

CFPB Monitor

MARCH 15, 2022

Given such continuing threats, non-bank participants would be well-advised to revisit their vulnerability to “true lender” challenges and their compliance with state licensing laws. The DFPI is not alone in asserting a “true lender” claim. Maryland, New York, North Carolina, Ohio, Pennsylvania, West Virginia, and Colorado.

California 78

California Innovation Utah West Virginia 78

PYMNTS

MARCH 28, 2019

trillion by 2022. We’re excited to partner with Urban FT, a leader and trusted provider in this space, as we bring innovative solutions to market that offer greater choice and convenience without sacrificing the standard of service for which community banks are known.”. based Sunrise Banks, a $1.1

Cards 128

Cards Community Bank Community New York 128

Abrigo

NOVEMBER 17, 2023

billion to fraud in 2022, a 44% increase over the prior year and a trend that has continued into 2023. As overseers tighten the leash with stringent regulations aimed at protecting consumers, the cost of compliance grows. This is the first-time fraud has been addressed at a high level as part of AML compliance, but it makes sense.

Fraud 195

Fraud Training Trends Compliance 195

Bobsguide

JULY 7, 2022

London, UK – June 23 2022 – Finastra today announced that Rabobank – a large international financial services group headquartered in the Netherlands – has selected the latest version of Fusion Global PAYPlus for increased efficiency and innovation in payments. E caroline.duff@finastra.com. About Finastra.

Payments 68

Payments Innovation Compliance Lending 68

Bobsguide

SEPTEMBER 12, 2022

London, 8th July 2022 – Banking Circle , the tech-first Payments Bank, is shifting the dial in the virtual assets market with a ground-breaking new service for Banks and Payments businesses. With an already established reputation as an innovator in payments, it’s a natural next step for Banking Circle to add stablecoins. “We

Payments 88

Payments cryptocurrency Compliance Marketing 88

FICO

NOVEMBER 15, 2022

FICO is transitioning its Siron ® compliance business to IMTF, a Swiss global leader in regulatory technology, and a partner in the Siron business for more than 20 years. Tue, 11/15/2022 - 11:25. Siron’s anti-financial crime solutions provide organizations with analytics-driven applications for end-to-end financial crime compliance.

South Carolina 52

South Carolina Compliance Analytics Software 52

Bobsguide

AUGUST 7, 2022

London, UK – August 3, 2022 – Finastra announced today that The Co-operative Bank has selected Finastra Kondor in the cloud, available via Microsoft Azure, to upgrade its treasury infrastructure and automate manual reporting and processes. E caroline.duff@finastra.com. About Finastra.

Operations 68

Operations Strategy Innovation Policies 68

Abrigo

SEPTEMBER 6, 2023

And despite the rise in technologies or the innovation of new payment systems, check fraud continues to rank in the top three types of financial fraud. According to the Federal Bureau of Investigations (FBI), losses from check fraud total $18 billion annually.

Fraud 195

Fraud Trends Training System 195

Bobsguide

MARCH 21, 2022

Dubai, UAE – March 21, 2022 – Finastra today announced its collaboration with Union of Arab Banks to help banks across the Arab League member states offer enhanced digital services to their customers. It will be connected with Finastra’s open development and innovation platform, FusionFabric.cloud. About Finastra.

Digital Banking 60

Digital Banking Innovation Community Regional 60

Bobsguide

JUNE 14, 2022

Paris, France – June 14 – 2022 – Finastra today announced a partnership with Lozenge Analytics, offering the capabilities to Fusion KTP customers. Finastra is a global provider of financial software applications and marketplaces, and launched the leading open platform for innovation, FusionFabric.cloud, in 2017. About Finastra.

Analytics 60

Analytics Risk Management Compliance Management 60

Bobsguide

APRIL 12, 2022

Dublin, 1 April 2022: Leading Irish private equity firm, Melior Equity Partners, has agreed an investment in Salmon Software, a fast-growing financial software business that provides customers with a world-class treasury management software system.

Software 147

Software System Management Groups 147

PYMNTS

FEBRUARY 5, 2020

1 in the world – would stop allowing third-party cookies by 2022. For example, the Monetary Authority of Singapore is granting five licenses to FinTechs in an effort to drive innovation in a banking market still tightly controlled by legacy institutions. And what does the world look like without cookies?

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