Perficient

DECEMBER 27, 2023

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. Contracts should explicitly address potential default and termination.

Compliance 221

Compliance FDIC Regulation Fraud 221

PYMNTS

JULY 22, 2020

FinTech apps, for example, saw a 72 percent increase in usage in the first quarter of 2020 alone. billion by 2027, generating a compound annual growth rate (CAGR) of 13.6 Not only can bank customers better plan their days around their bank visit, but it also helps bank staff more efficiently plan their daily operations as well.

ATM 225

ATM Digital Banking Alabama Study 225

PYMNTS

JUNE 24, 2019

workforce in Q4 2018, a number that’s expected to tip over to a majority share by 2027. businesses operate on two-week pay periods. There are opportunities for FinTechs in this space to facilitate on-demand wages where that service is prohibitive for many employers because of the increased administrative burden of payroll.

Payments 162

Payments System Millennials Community Bank 162

PYMNTS

APRIL 17, 2017

As an infrastructure company, ClearBank, Ogden said, is giving banks an option to replace their existing core systems with an incredibly modern infrastructure that will improve their processing efficiencies, risk- and fraud-proof their operations, and enable a number of new financial services capabilities. Unclogging The Pipes.

Innovation 101

Innovation Fintech System Regulation 101

CB Insights

JUNE 7, 2021

FREE DOWNLOAD: STATE OF FINTECH q1’21. Demand for modern card issuing and open APIs is growing : Many of Marqeta’s fintech competitors, including Adyen and Stripe , are adding card issuing and API integration products as more businesses clamor to give customers payment cards to boost revenue and loyalty. . First name.

Cards 73

Cards Innovation Payments Fintech 73

PYMNTS

DECEMBER 11, 2018

The freelance and gig work economy continues to grow, creating wide-open opportunities for FinTechs and service providers addressing a range of new pain points for both the talent and the employer. That figure could rise to 50 percent, it estimates, by 2027. working population. It’s not a U.S.-only

Payments 178

Payments User Experience Cards Taxes 178

South State Correspondent

MAY 13, 2024

The session also covered the new Georgia “merchant acquirer limited purpose bank” (MALPB) charter, which has the potential to be popular among fintechs wanting bank powers. With almost 800 banks on FedNow and almost a year of operations, an interesting set of statistics is emerging on what the instant payment rails look like.

Conference 195

Conference Payments Fraud Data 195