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OCC Highlights, AML & CRA Risks

Perficient

Navigating AML and OFAC Compliance Risks Regarding anti-money laundering (AML) and Office of Foreign Assets Control (OFAC) compliance risks, bank executives must navigate operational and compliance challenges tied to fintech relationships. Manage third-party risks, especially for relationships involving higher-risk or critical activities.

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Google Cloud, Nokia Join Forces On Cloud-Native 5G Products

PYMNTS

The companies plan to develop solutions that combine Nokia’s 5G operations and networking capabilities with Google Cloud’s AI, ML and analytics technologies. Under the development partnership, Nokia will provide its voice core, cloud packet core, network exposure function, data management, signaling and 5G core technologies.

Google 156
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Revolutionizing the Way We Pay: The Top Payment Industry Trends You Need to Know in 2023

Perficient

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. All of Instagram’s shopping features allow users to add items from multiple vendors into an Instagram-operated cart.

Industry 471
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Virtual Assistants Join The Corporate Finance Team

PYMNTS

Artificial intelligence adoption continues to grow in the corporate world, and as businesses look to broaden margins, save money and drive strategic operations, the finance department is a prime target for AI-powered solutions. billion market by 2026 as demand grows from small and medium-sized businesses, too.

Analytics 147
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Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. Generative AI: Traditional AI was ever-present in touted solutions regarding fraud, risk management, and the customer experience. Maybe a topic for next year?

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BaaS Banks Are in Time Out, and Here’s Why It’s a Big Deal

Gonzobanker

According to recent research from Cornerstone Advisors, by 2026, 300 banks in the United States will be providing BaaS services, generating $25 billion in revenue. It will take a proactive approach that prioritizes ongoing compliance monitoring and risk management. It won’t be easy … but $25 billion is at stake!

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Healthcare Looks To 5G For Cost Control

PYMNTS

Engaged consumers are better consumers, and they tend to show more loyalty to businesses or other operations, including hospitals and other healthcare providers. So far, it appears that 5G’s multi-gigabit speeds and massive capacity will mostly be an urban phenomenon,” according to a recent item in Health Data Management.

Analysis 196