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OCC Highlights, AML & CRA Risks

Perficient

The effective date of the new rule is April 1, 2024, with key provisions taking effect on January 1, 2026, and January 1, 2027. Banks  Banks need to plan for these changes and begin to implement management processes to address the potential impact of the rule on their systems and resources.

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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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Is India’s ATM Disappearing Act A Digital Payments Boon?

PYMNTS

Chalk it up to “unviability of operations” in the wake of new regulatory guidelines, mandating upgrades that focus on the actual management of the physical cash at those machines. That comes as eCommerce is slated to be worth as much as $200 billion by 2026 , according to Morgan Stanley estimates, growing at 30 percent, compounded annually.

ATM 187
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Are Private Labels The Key To Cracking The Profitability Indian eCommerce?

PYMNTS

In 2016, 95 percent of transactions in in India were done in cash and there were approximately 60 million online shoppers – representing about 14 percent of the internet using base of the nation, according to a late 2017 report by Morgan Stanley. The consensus on that is evolving – and in an interesting way.

Branding 101
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Amazon Sizzles, CX Border Fizzles And Humans Win One Against The Machines 

PYMNTS

Because – we admit – with the layers of reveals about the fake Facebook ads sold to Russian operatives, this may seem like something of a strange choice, and pretty far from the feel-good story of the week. Cryptos: Add Russia to the mix of nations saying “nyet” to the Wild West of cryptocurrency speculation.

Las Vegas 116
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APP Scams: What Impact Will the PSR’s Proposals in the UK Have?

FICO

Payment scams reached unprecedented levels last year and look set to double by 2026. There are calls for these organisations to come together in a coordinated approach to tackle what is now considered a national security threat. The vast media attention on the various types of payment scams has helped keep awareness high.

Fraud 52
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The Future of Checks – Tales From The Crypt

South State Correspondent

As check volumes continue to decline as instant payments take hold and fraud increases, we predict the cost per check will hit over $15 per check by 2026. By 2026, we predict instant payments will largely displace checks in their many forms. That is an expensive item. This is the Rubicon in check processing.

Fraud 195