Insights on Business

MAY 1, 2019

While deregulation has been a trend over the past few years, compliance monitoring and regulatory change management remains a top focus for financial institutions of all sizes. Greater availability of data, facilitated by real-time integrations makes it possible for compliance experts to monitor a wide variety of sources.

Compliance 122

Compliance Management Regulation Analysis 122

PYMNTS

OCTOBER 24, 2019

In an effort to change the global hotel corporate payment process, end-to-end business travel technology provider HRS is rolling out a new corporate hotel payment platform. He continued, “When our clients use our payment solutions, we’ve seen hotel compliance rise by on average 23 percent.

Compliance 100

Compliance Analysis Policies Survey 100

PYMNTS

SEPTEMBER 25, 2019

The current regulatory climate remains in its relative infancy for this industry, so marketplace lenders are not only tasked with maintaining compliance but diligently tracking the regulatory landscape to forecast new and changing rules. Supporting the aggregation and transmission of data for regulatory compliance is one part of this process.

Compliance 117

Compliance Risk Management Lending Regulation 117

PYMNTS

MARCH 18, 2019

Gill asserts that most financial institutions, left to their own devices, may end up following a less than optimal path to innovation, and not because they have selected the “wrong” technology solution, since in Gill’s experience, what’s “wrong” for one FI might be right for another. Technology spend gets mistaken for branch transformation.”.

Technology 237

Technology Innovation Strategy System 237

Insights on Business

MARCH 4, 2019

So, the people responsible for solving these problems are being pushed to deliver more when their existing technologies are struggling to keep up. After partnering with them for several years, IBM acquired Armanta in 2018 and has incorporated their technology into a series of products to solve these challenges.

Analysis 79

Analysis Report Regulation Compliance 79

Abrigo

AUGUST 25, 2015

Current technology has enabled auditors to analyze extensive amounts of financial data, allowing accounting professionals to more easily identify areas of risk. These technologies have also helped streamline time per audit and produced higher quality assurance. Is your firm taking advantage of these current technologies?

Technology 150

Technology Big Data Software Analysis 150

Insights on Business

JUNE 28, 2018

A recent explosion of AI applications is taking place in financial institutions, particularly in the area of risk and compliance. So how is AI helping risk and compliance processes? Risk and compliance departments suffer from massive data loads and exhausting regulatory requirements. Use the right technology.

Compliance 70

Compliance Case Study Analysis Analytics 70

PYMNTS

MARCH 27, 2019

While regulators had transparency and financial security in mind when introducing more stringent requirements for banks following the global financial crisis, financial institutions faced a sudden surge in the burden compliance. The Key To Compliance Is Data.

Compliance 116

Compliance Data Regulation Analytics 116

Abrigo

OCTOBER 7, 2016

The benefits of utilizing e-commerce technology are readily apparent to us because they are personal: We find what we are looking for; we find it at a cheaper price; we can get it more quickly. Technology can also provide tangible benefits to a business, and in many cases, those benefits are financial. Assisting with compliance.

Technology 170

Technology Boston Software Study 170

Perficient

SEPTEMBER 22, 2020

Azure analytics and data storage was rebuilt from the ground up cloud first to support real-time analysis of Petabytes of data. Azure Mixed Reality services includes object anchors, new Azure Kinect SDK for partners including Time of Flight depth technology. Microsoft Teams had so many announcements! Hololens 2 ships.

Analytics 593

Analytics Meeting Video Data 593

CFPB Monitor

JUNE 30, 2022

Of special note, the OCC also believes compliance risk is “heightened” for Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and Office of Foreign Assets Control (OFAC) compliance because of world events and compliance staffing concerns. BSA/AML Compliance Risks. Cybersecurity Risks.

Compliance 78

Compliance Fraud Technology Operations 78

PYMNTS

JULY 18, 2019

The technology, he noted, is starting to get ahead of the problem and neutralize the pain points. “In The first is the risk and compliance bucket, ensuring practices are aligned with the governing regulatory model, including making sure everyone is who they say they are – on both sides of the transaction.

Technology 162

Technology Compliance Payments Marketing 162

PYMNTS

OCTOBER 13, 2016

Regulation and compliance can be a tough space for many to wrap their heads around. As technology advances, the threat to digital security and identity protection becomes greater, forcing regulations to quickly adapt. Compliance Decoded. Why Compliance Is Going Social.

Compliance 100

Compliance blockchain Regulation Data 100

PYMNTS

AUGUST 17, 2018

Since automation technologies have taken some of the burden of monotonous activities away from accountants, the profession has exchanged some of its anxiety about robots replacing their jobs with support for enhanced functionality and efficiency — though, not entirely. “This is such new territory for everyone.”

Compliance 110

Compliance Regulation Tools Industry 110

Perficient

APRIL 2, 2021

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. AI technologies, such as voice recognition and natural language processing (NLP), are being used to improve customer experience and to gain operational efficiencies. Textual analysis. Credit Decisions.

Regulation 309

Regulation Industry Risk Management Analysis 309

Insights on Business

AUGUST 8, 2018

Nearly two years ago Lloyd Blankfein, CEO of Goldman Sachs, predicted that the demand for compliance analysts to meet the institution’s regulatory obligations would soon be leveling off : This has a Y2K feel about it – that is, we have to hire additional people because we have to get ourselves up to speed. IBM RegTech Innovations.

Compliance 79

Compliance Innovation Regulation Analytics 79

Abrigo

FEBRUARY 16, 2024

Assign clear responsibilities and establish accountability at all levels—from mechanics and calculations to analysis of covenant breaches. Embrace technology: Unlike in the past, today's banks have access to advanced systems that can streamline scheduling processes, such as loan administration software.

Training 195

Training Risk Management Analysis Policies 195

PYMNTS

OCTOBER 17, 2016

Technology has the power to help a business rise up from the competition. Small businesses, too, have an appetite for technology. This week, in our B2B Data Digest, PYMNTS examines how technology is both making life easier and harder for small business owners throughout the globe. 78% of U.S.

Technology 100

Technology Analytics Survey Data 100

Perficient

MARCH 22, 2021

These support engineers work on various technologies, take care of the numerous support issues, and provide resolutions. These analysts need to work with cross-functional teams to handle multiple technology-based projects simultaneously. SLA compliance based on incident priority. Level 2: Root cause analysis. Monitoring.

Analysis 294

Analysis System Groups Knowledge Base 294

PYMNTS

AUGUST 12, 2016

11) it teamed up with the National Institute of Standards and Technology (NIST) to publish a new resource to help enterprises and government organizations enhance their cybersecurity risk analysis , reporting and decision-making. ” and “What activities matter the most and should be prioritized?”

Resources 100

Resources National Technology Analysis 100

Abrigo

MAY 6, 2015

If auditors are spending much of their time on the “routine” aspects of an audit ( planning the audit engagement , calculating expected values and reporting), they could be left with little if any time for reviewing and analyzing data so that they can provide a broader and more global picture and analysis of the business.

Analytics 150

Analytics Compliance Analysis Data 150

Perficient

JUNE 16, 2020

Google technologies allow you to focus on patient care by seamlessly and securely guiding patients through the process of relevant information gathering and connecting virtually. Data Integration and Compliance. Cloud Adoption and Collaboration. The cloud has a myriad of solutions around how to organize, store, and retrieve data.

Google 322

Google Colorado Data Compliance 322

Gonzobanker

AUGUST 17, 2022

Digital banking provider Alkami acquired data analysis and marketing campaign management provider Segmint Digital banking and payments provider Bottomline was acquired by Thoma Bravo for $2.6B. Industry expert John Meyer digs deeply into the implications of this industry-changing rollup deal here.

Fintech 195

Fintech Lending Software Compliance 195

Abrigo

DECEMBER 28, 2022

Cybercrime, sanctions compliance, and cryptocurrency troubles are bound to be trends for anti-money laundering/countering the financing of terrorism (AML/CFT) and fraud professionals to track in the coming months. Others explain common and emerging fraud trends that compliance staff are working to prevent. Sanctions & synthetic ID.

Fraud 195

Fraud Training Compliance Regulation 195

PYMNTS

NOVEMBER 12, 2020

European tech firm SIA is forming a technological partnership with German software innovator INFORM to launch a digital service to speed up the authentication process for online payments across Europe. Boni added that the solution was integrated in SIA's infrastructures and will launch quickly to “ensure PSD2 compliance.” . billion.

Payments 165

Payments Compliance Fraud User Experience 165

Perficient

OCTOBER 6, 2020

Over an 8-week period, we work with your development teams to deliver a combination of analysis and training to drive development practices in the Microsoft Azure cloud. This includes: Analysis of current development practices (agile, waterfall, mixed). Access to analysis tenant. Security and compliance considerations.

Strategy 429

Strategy Training Analysis Security 429

Insights on Business

JULY 30, 2019

In this series of blogs , we focus on four high-growth transformative technologies with emerging risk applications which can help banks and financial institutions complete and protect the enterprise. Advanced analytics and aggregation technology can be applied to dynamically aggregate data and conduct large scale, real time analysis.

Risk Management 70

Risk Management Analytics Technology Management 70

Independent Banker

APRIL 30, 2022

But with so much emphasis placed on customer-facing products and technologies, innovating back-office operations can fall to the bottom of the priority list. Operations play a role across multiple facets of community banking, including account onboarding, payments and transactions, fraud analysis, compliance and regulatory guidelines.

Innovation 91

Innovation Community Bank New York City Community 91

PYMNTS

NOVEMBER 12, 2020

European tech firm SIA is forming a technological partnership with German software innovator INFORM to launch a digital service to speed up the authentication process for online payments across Europe. Boni added that the solution was integrated in SIA's infrastructures and will launch quickly to “ensure PSD2 compliance.” . billion.

Payments 130

Payments Compliance Fraud User Experience 130

PYMNTS

DECEMBER 7, 2020

Pharmaceutical industry software company Kit Check has rolled out Bluesight Insights, which harnesses technology for supply chain management. It also notes that over 100 medical centers utilize Bluesight® for Controlled Substances technology. 7) announcement. The coronavirus continues to cause disruption in the hospital vertical.

Analysis 173

Analysis Resources Compliance System 173

PYMNTS

JANUARY 30, 2019

Compliance and risk management technology provider Opus is launching a new Know Your Customer (KYC) workflow solution for banks. 29) said Opus is rolling out its Clarity KYC solution to automate KYC workflows and enhance risk analysis. A press release on Tuesday (Jan. Ninety-one percent of those fines were issued to U.S.

Compliance 115

Compliance Risk Management Analysis User Experience 115

Abrigo

JULY 14, 2023

Takeaway 2 Do you have the right technology to efficiently generate strategic insights now and on an ongoing basis? Before finalizing this goal, management should consider the following: Historical trends Current CRE concentrations Market analysis Loan pricing considerations Real estate industry performance and Peer comparisons.

Strategy 195

Strategy Data Analytics Analysis 195

Abrigo

JULY 20, 2017

AAR is the global leader for online news, product and innovation information on risk, compliance, and trading. The annual report features Sageworks as a credit risk software vendor alongside global technology and financial leaders SAS and UBS Delta. The products featured in the report include: · Credit Analysis. Loan Pricing.

Software 150

Software Report United States Compliance 150

PYMNTS

JANUARY 26, 2021

In fact, he continued, Oversight analysis suggests that risk levels are up threefold compared to this time last year. But the true value in data analytics technology is in the ability to continuously audit transactions as they flow in. Spending Disparity. That could be certain types of sales or marketing spend.

Analytics 189

Analytics Compliance Management Data 189

Abrigo

FEBRUARY 23, 2022

Investing excess time and resources in a traditional underwriting process for loans destined for declination is inefficient and increases the potential for compliance risk. . The technology also prepares lenders to scale: with the faster process, the lenders can process more applications in the same amount of time.

Lending 195

Lending Community Bank Community Analysis 195

FICO

MARCH 24, 2021

Financial Intelligence Units (FIUs) can play a critical role in producing sophisticated analysis on TBML schemes – including reporting entities (SAR/STR data). New tools and technologies that could address challenges related to TBML—such as the use of fraudulent documentation and the general lack of visibility in trade transactions.

Compliance 98

Compliance Study Trends Fraud 98

PYMNTS

MARCH 18, 2019

Faced with these dual motivations, banks around the world are investing in regulatory compliance, and were projected to spend more than $8 billion on AML compliance by 2017. banks increasing their AML compliance staffing tenfold between 2012 and 2017, according to one report. Financial and Ethical Security Strategies.

Compliance 181

Compliance Regulation Chicago Tools 181