PYMNTS

OCTOBER 12, 2020

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. He noted there has been additional input from the FedNow Community of 700 members.

Payments 244

Payments Boston System Operations 244

Banking Exchange

JANUARY 16, 2023

Chief risk officers say they are seeing cybersecurity risks everywhere, new survey shows Risk Management Feature3 Feature Cyberfraud/ID Theft Compliance/Regulatory Operational Risk Security

Risk Management 139

Risk Management Compliance Survey Security 139

American Banker

DECEMBER 26, 2023

JPMorgan Chase and Citigroup were among the banks that voluntarily reported new information this year about the impact of their operations on climate change. The additional disclosures came in advance of new regulations that are expected in 2024 from the Securities and Exchange Commission.

Regulation 90

Regulation Security Operations Report 90

PYMNTS

JANUARY 6, 2020

Right now, there are more than 340 operators putting money into 5G around the world, he said, including 45 that already offer 5G technology. By 2022, that number is expected to surpass 750 million, and by 2023 it could surpass one billion – which is two years quicker than 4G hit that milestone.

Security 131

Security Technology Retail Company 131

PYMNTS

JANUARY 6, 2020

Right now, there are more than 340 operators putting money into 5G around the world, he said, including 45 that already offer 5G technology. By 2022, that number is expected to surpass 750 million, and by 2023 it could surpass one billion – which is two years quicker than 4G hit that milestone.

Security 130

Security Technology Retail Company 130

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

New York 221

New York Compliance Regulation Analysis 221

Perficient

FEBRUARY 15, 2024

The announcement of significant amendments to the DFS500 regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector. Embracing these changes enables entities to fortify their operations, safeguard stakeholders, and instill trust within the broader financial community.

Compliance 221

Compliance New York Regulation Analysis 221

Abrigo

JANUARY 24, 2024

FDIC list The state of acquisitions in a rising rate environment According to the FDIC, there were 44 banks on the problem bank list in the third quarter of 2023, and the agency expects that number to continue to climb in 2024. Absolutely not, as the industry continues to be very well-capitalized.

FDIC 195

FDIC Regulation Strategy Data 195

FICO

DECEMBER 1, 2022

4 AI Predictions for 2023: From the Great Correction to Practical AI. A pragmatic approach I call Practical AI will rise in 2023 like a phoenix from the ashes of years of irrational exuberance around artificial intelligence. Here are my predictions for Practical AI in 2023: 1. JessicaButalla@fico.com. Tue, 07/19/2022 - 16:11.

Analytics 98

Analytics Phoenix San Diego Tools 98

Independent Banker

OCTOBER 31, 2022

“We have seen an increase in mobile and digital usage, like other banks,” Hancock says, “but these initiatives have helped expand that engagement from balance inquiries and funds transfers to more complex needs like money management and managing debit card security. “In Earlier this year, we opened a new branch in Middleton, Wis.,”

Banking Trends 151

Banking Trends Retail Trends Community Bank 151

Ublocal

MARCH 10, 2023

Review Your Passwords Without strong passwords on your accounts, any other security measures you take will be less effective. Not only can excessive emails be a source of stress, they can also become a security problem. Finally, secure your devices with a password, PIN or other login to help protect your email.

social media 52

social media Security New Hampshire Data 52

Abrigo

MAY 24, 2023

Download now Takeaway 1 Under current federal law, banks and credit unions face federal prosecution and penalties if they provide services to legal marijuana-related businesses. Takeaway 2 Considering the urgent need for a legislative solution, the SAFE Banking Act of 2023 could bridge the gap between state and federal marijuana laws.

Lending 195

Lending Fraud Operations Ohio 195

Abrigo

JUNE 19, 2022

New Fed Tool: ELE for 2023 CECL implementation The Federal Reserve's new Expected Loss Estimator, or ELE, tool for CECL is a spreadsheet-based option for smaller financial institutions to implement the current expected credit loss standard. You might also like these webinars especially for 2023 CECL adopters: "CECL Streamlined."

Tools 195

Tools Regulation Data Resources 195

Abrigo

APRIL 25, 2024

Data in this report is current as of Q2 2023 and is representative of market trends and conditions at the time of publication. The Fed’s latest Small Business Credit Survey , conducted in 2023 and released in 2024, found that nearly 60% of employer firms had sought financing in the previous 12 months.

Lending 195

Lending Trends Capital Strategy 195

CFPB Monitor

JULY 20, 2022

The FCA subsequently announced that no LIBOR indices will be available after June 30, 2023. In 2019, the FRBNY began publishing a new Secured Overnight Financing Rate (SOFR) index and the ARRC subsequently recommended the use of SOFR to replace LIBOR. . For more information about the Playbook, see Ballard Spahr’s legal alert.

New York 78

New York Security Operations Regulation 78

PYMNTS

OCTOBER 13, 2020

The payment installments will be interest-free and backed by the security of PayPal’s increasing options for Pay Later solutions. in 2019, with the trend expected to double in use by 2023. The solution, similar to the company’s Pay in 4 program in the U.S. Rob Harper , U.K. We will continue to support U.K.

Operations 236

Operations Online Trends Retail 236

Perficient

MARCH 17, 2023

Blockchain solutions help companies, and their customers, use data to securely handle supply chain disruptions and build resiliency into the visibility process. This provides near real-time visibility into operations events as well giving the ability to take action earlier.

blockchain 275

blockchain Management Data Security 275

PYMNTS

JUNE 24, 2020

The B2B firm said it works with “leading money transfer operators, mobile wallet operators and financial institutions to facilitate digital transactions without borders,” and is regulated in more than 45 countries around the world. That’s up from $601 billion in 2016.

Payments 243

Payments Fintech Course Operations 243

CFPB Monitor

NOVEMBER 16, 2022

The updated rule includes several components that could require significant operational modifications, such as encryption at rest and multifactor authentication whenever nonpublic personal information is accessed. The FTC voted unanimously to extend that December 9 date to June 9, 2023.

Training 78

Training Security Compliance Meeting 78

CFPB Monitor

JULY 21, 2022

On July 13, 2022, the House of Representatives (the “House”) adopted an amendment to the 2023 National Defense Authorization Act (“NDAA”) offered by Maxine Waters (D.

United States 78

United States Taxes Regulation Compliance 78

PYMNTS

FEBRUARY 14, 2019

Remember how all those names, addresses, dates of birth, Social Security and drivers’ license numbers and other information were stolen in September of 2017 – the information of some 143 million people – in what still stands as the one of the biggest data breaches of all time? Remember all that stolen Equifax data? Breach Confusion.

Data 190

Data Operations Security Fraud 190

South State Correspondent

APRIL 23, 2023

Fair Value versus Amortized Cost The amortized cost of assets is the accounting treatment applied to securities known as held-to-maturity, or HTM. In the case of SVB, the bank’s HTM securities portfolio was $91.3Bn at the end of 2022, and the bank did not need to provide the fair value of these securities on its balance sheet.

Management 195

Management Security Risk Management social media 195

PYMNTS

DECEMBER 18, 2019

Apple Expected To See Booming Wearables Demand Through 2023. The International Data Corporation forecasted the worldwide “earwear” market to nearly double by 2023. Law firms still cling to paper checks, despite the availability and security offered by digital disbursements tools.

Apple 130

Apple Fraud Payments Regulation 130

Bobsguide

SEPTEMBER 13, 2022

In response to the growing drive for higher corporate governance standards – both globally and at a national market level – Broadridge Financial Solutions announced it has commenced live operations of its new “golden copy” event notification and direct vote execution service for the Danish market.

Meeting 88

Meeting Security Operations Marketing 88

PYMNTS

JUNE 20, 2019

By 2023, 73 percent of all offices across the U.S. Though they may work as far as the other side of the world, remote workers still expect the same level of security, trust and speed in payments. As the needs of the digital consumer change, so do security concerns. How Toptal Seeks to Instill Freelance Marketplace Trust.

Payments 147

Payments Online Case Study Security 147

Abrigo

JANUARY 24, 2024

A second fraud management and prevention consideration for credit unions is that FedNow will operate around the clock every day of the year. For example, an ATM scheme that operated through July 2023 targeted credit unions in six states, stealing nearly $6 million. million stolen. Careful product design is vital.

Fraud 221

Fraud Payments Software Policies 221

PYMNTS

MAY 22, 2020

Treasury’s difficulties getting relief money to individuals, has renewed calls for the government to accelerate its FedNow national real-time payments network, still not expected to be operational until at least 2023.

Payments 344

Payments Policies Guidelines National 344

PYMNTS

OCTOBER 13, 2020

The payment installments will be interest-free and backed by the security of PayPal’s increasing options for Pay Later solutions. in 2019, with the trend expected to double in use by 2023. The solution, similar to the company’s Pay in 4 program in the U.S. Rob Harper , U.K. We will continue to support U.K.

Operations 130

Operations Online Trends Retail 130

PYMNTS

MARCH 8, 2019

579 million: The number of biometric cards that will be in use by 2023. million: The number of ATMs in the world that run on Windows operating systems. 579 million: The number of biometric cards that will be in use by 2023. million: The number of ATMs in the world that run on Windows operating systems.

ATM 189

ATM Regulation Fraud Data 189

Bobsguide

MAY 5, 2022

Broadridge, a global Fintech leader, has won the Innovation in Governance and Proxy Voting Award at this year’s Global Custodian Leaders in Custody Awards, a globally recognised ceremony acknowledging the achievements of the securities services industry. ” Pandiri named Global Custodian Legend.

Innovation 147

Innovation Industry Security Marketing 147

PYMNTS

AUGUST 15, 2019

14) that Atom Bank, Currencycloud, Modulr and Iwoca have secured a portion of the £775m allocated from RBS as a government mandate to support competition in the market. Iwoca raised £10 million, with plans to make half of it available to small businesses by 2023. SmallBusiness.co.uk reported on Wednesday (Aug.

Metro 108

Metro Security Operations Fintech 108

Bank Innovation

APRIL 3, 2019

billion by 2023. Regulations such as PSD2 and GDPR (General Data Protection Regulation) have put regtech companies at the front and center of the global fintech ecosystem. In fact, a recent report shows that the global regtech market is expected to grow from $4.3 billion last year to $12.3 With such strong tailwinds behind the […].

Regulation 170

Regulation Fintech Data Marketing 170

PYMNTS

MARCH 21, 2019

PayPal remains a payment option at checkout — and will until at least 2023 — but Adyen is now eBay’s primary payments processor. Shoppers who prefer to use Google Pay will be able to do so within the eBay app, mobile website and desktop site, regardless of operating system or device.

Google 194

Google Apple Payments Security 194

PYMNTS

OCTOBER 29, 2020

trillion by 2023. Customers expect payments to be as fast and friction-free as any other part of their digital lives, and providers are faced with the challenge of meeting this expectation while also ensuring that payments are secure and compliant with regulatory requirements. How Cloud Innovations Augment Business Payments.

Payments 213

Payments Fraud Meeting Security 213

PYMNTS

OCTOBER 23, 2019

billion by 2023, and that billions of devices will be connected to the internet as well. Those numbers prompted Firedome to focus on IoT devices and look for partnerships with major companies in an effort to improve IoT security. “We VentureBeat is reporting that the Internet of Things (IoT) ecosphere is expected to be worth $35.2

New York 100

New York Security Resources Study 100

Independent Banker

DECEMBER 31, 2022

As 2023 kicks off, community banks can respond to today’s payments landscape by addressing five key trends. With FedNow, the Federal Reserve’s new instant payments rail, set to launch in mid-2023, community banks can link up to the system, monitor its volume and identify use cases to meet customer demands. Address fraud and security.

Trends 140

Trends Payments Community Bank Texas 140

FICO

MAY 18, 2023

The innovative pay-as-you-go solution allows Dock’s clients, including banks, fintechs, and retailers, to intercept fraudulent transactions and protect their operations, while also improving the user experience. For its achievements, Dock won a 2023 FICO ® Decisions Award for Fraud Management.

Fraud 52

Fraud Technology social media Innovation 52