PYMNTS

APRIL 19, 2019

payroll processing company Payescape , said this area of the back office may have a larger influence on how accountants operate than some may believe. The EU’s General Data Protection Regulation (GDPR) is a prime example, said Jones. However, Steven Jones, business development manager of U.K. ”

Innovation 154

Innovation Compliance Technology Resources 154

PYMNTS

JUNE 27, 2017

He also offers advice for how to innovate in the field. Here is an excerpt of the conversation: PYMNTS: How would you define your company’s approach to innovation? We knew that our background in mobile capture and our expertise in using artificial intelligence for image recognition and analysis could be applied to solve this need.

Innovation 145

Innovation System Mobile Trends 145

PYMNTS

FEBRUARY 8, 2018

B2B payments are an instrumental component of global trade and of setting the stage for currencies to operate as global instruments of cross-border trade. Separate analysis from Atradius published last September concluded that China is shifting its economic strategic away from global trade toward consumption. RMB usage made up 1.61

Innovation 111

Innovation Payments blockchain Analysis 111

PYMNTS

DECEMBER 5, 2018

The funding will be used to hire staff, “build out our infrastructure and secure the appropriate steps are taken to develop a regulated market for digital assets,” said ErisX Chief Executive Officer Thomas Chippas, according to Reuters. A new document shows that the U.S.

blockchain 166

blockchain Bitcoin cryptocurrency Analysis 166

PYMNTS

NOVEMBER 16, 2020

According to the press release, LIKEZERO will help to boost a new, more intelligent level of insight, helping banks, financial institutions (FIs) and other regulated businesses to analyze and extract insight and data from clients' clients.

Data 169

Data Regulation Risk Management Training 169

CFPB Monitor

JUNE 14, 2022

The NAL provided that while it remained in effect, the Bureau would not make supervisory findings or bring a supervisory or enforcement action against Upstart under (1) the ECOA or Regulation B for discriminating against an applicant on a prohibited basis or for discouraging an applicant on a prohibited basis, or (2) the Bureau’s UDAAP authority.

Innovation 148

Innovation Analysis Resources Compliance 148

PYMNTS

JUNE 5, 2020

FIs and their regulators are clinging to that vision even as they work to answer complicated questions brought about by the virus surrounding online payments, security and data privacy. Regulators are addressing what data can be shared compliantly under the General Data Protection Regulation (GDPR), for example. EU and U.K.

Regulation 131

Regulation Data Online Regional 131

PYMNTS

MAY 7, 2020

A clear fraud decisioning framework with robust data gathering and analysis can power FIs, protecting them from losing billions to fraud and helping them gain customers’ trust.”. The innovation in the fraud space is really fast because the fraudsters are really innovative,” Taylor said.

Fraud 248

Fraud Tools Data Examples 248

PYMNTS

APRIL 29, 2019

By leveraging innovation, we continue our strategic journey to drive digitization throughout our worldwide operations,” John Ahearn, global head of trade for Citi Treasury and Trade Solutions, said in the press release. “We Innovative technology helps change the game entirely.”. managed services CIO, in the press release.

Analytics 123

Analytics Compliance Innovation Operations 123

PYMNTS

NOVEMBER 10, 2020

As innovators explore new way to wield open banking to improve financial products and services for small- to medium-sized businesses (SMBs) and corporates, a new reality for the banking landscape emerges: Open banking is still in its early stages of adoption. Salt Edge operates a technology that can help these platforms do so.

Data 189

Data Management Resources Operations 189

CFPB Monitor

JULY 5, 2022

a)(14) of Regulation Z, and that Payactiv therefore had a safe harbor from liability under the TILA and Regulation Z in connection with the specified EWA program. EWA products provide employees with access to earned but as yet unpaid wages. The letter took aim at the AO and the Payactiv approval order.

Regulation 78

Regulation Policies Innovation Analysis 78

Bobsguide

OCTOBER 1, 2022

Prometeia and SIX have entered into a long-term collaboration that involves Prometeia providing SIX the calculation capabilities for a product risk indicator (PRI) for securities that do not fall into the scope of PRIIPs (Packaged Retail and Insurance-based Investment Products) regulation. billion and Group net profit of CHF 73.5

Analytics 97

Analytics Risk Management Management Regulation 97

Abrigo

NOVEMBER 12, 2016

In their Spring 2016 Semiannual Risk Perspective , regulators have publicly acknowledged increasing risk in commercial real estate lending, so small business lending seems like it may be an alternative path. Many community banks and credit unions are turning to small business loans as a source of loan growth.

Lending 186

Lending Community Bank Community Analysis 186

NCR

APRIL 27, 2018

Many in the banking industry have recently highlighted Africa as a part of the world that has huge untapped potential for the development of innovative financial services products. Keeping up with the pace of innovation. Tanzania, for example, has permitted this for three years. However, other nations still ban the practice.

Innovation 56

Innovation Regional Regulation Mobile 56

PYMNTS

FEBRUARY 26, 2019

In other news, the Australian Transaction Reports and Analysis Centre (AUSTRAC) has partnered with the Swinburne University of Technology in Melbourne for a blockchain trial to see how the technology could automate the reporting of cross-border transactions. It will probably disrupt our role as CSDs.

Bitcoin 109

Bitcoin blockchain Report cryptocurrency 109

PYMNTS

JULY 27, 2018

Reuters , citing a 92-page analysis by the SEC of the bitcoin ETF — which was created by Cameron and Tyler Winklevoss, the twin brothers who started Gemini Trust , a cryptocurrency exchange — reported the SEC wasn’t convinced the ETF couldn’t be manipulated.

Bitcoin 104

Bitcoin social media Regulation cryptocurrency 104

CFPB Monitor

NOVEMBER 11, 2019

On November 7, 2019, the George Mason University Antonin Scalia Law School hosted an event with Brian Johnson, the CFPB’s Deputy Director, to discuss the agency, its rulemaking process, innovation programs, and goals for the near future.

Meeting 60

Meeting Analysis Innovation Leadership 60

Cisco

AUGUST 9, 2022

As these have attacks have evolved, regulatory bodies have updated their regulations to account for the increasing threat of cyber risk. This framework is especially relevant given the recent FFIEC Architecture and Operations update and the Executive Order on Cybersecurity from 2021. Delivery Channels. Organizational Characteristics.

Tools 114

Tools Leadership Handbook Security 114

PYMNTS

JULY 2, 2020

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. Global Cash Card’s Legal Saga Ends. Namibia Wildlife Resorts Entices Business Spend. ScaleFactor’s Card Offering Nixed.

Cards 208

Cards New York Capital Compliance 208

PYMNTS

APRIL 15, 2020

China is a notoriously challenging jurisdiction for foreign payment service providers to operate as the nation prioritizes local industry leaders. Strict financial regulations aren’t the only factor driving PSPs and other financial service providers to turn to M&A to enter into new markets. Correspondent Banking Disruption.

Payments 190

Payments Innovation National Marketing 190

Insights on Business

JULY 30, 2019

Regulators in the US and across the globe are supporting and even encouraging experimentation with new ways to handle financial crime detection, operations and management. Responders were financial services professionals involved in financial crime analysis and investigations, including AML and customer due diligence (CDD).

Study 107

Study Survey Regulation System 107

PYMNTS

JUNE 13, 2019

Standards like that are unsustainable for banks operating on the scale of BNY Mellon, which handles more than $34 trillion in assets. You give your operational team magnets.”. AI can also ensure bank activities are compliant with regulations and anti-money laundering (AML) standards, keeping banks out of legal hot water. “We

Fraud 128

Fraud Analytics New Jersey Data 128

PYMNTS

FEBRUARY 21, 2018

Singapore stepped onto the global stage as a world leader in blockchain innovation in recent months. Financial regulators may want to begin looking at not only regulating blockchain, but how blockchain can help in their own regulatory efforts — in this case, to ensure proper safeguards and controls in the banking sector.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

MARCH 14, 2019

Corporate treasurers are increasingly concerned about a complex regulatory environment, according to the latest analysis from Strategic Treasurer and TD Bank. ” and an overall rise in complexity of current regulations. and challenging monetary policy, which contributed to an overall decline in corporate confidence.

Fraud 115

Fraud Survey Taxes Regulation 115

PYMNTS

OCTOBER 7, 2016

Traditional banks now realize the value in working with FinTech startups, augmenting their own service offerings by integrating the innovations of others. He offered the example of banks using analysis of financial statements to assess risk in the loan origination process.

Big Data 195

Big Data Data Analytics Lending 195

PYMNTS

JUNE 19, 2019

To stay competitive, many CUs are turning to data analytics to improve their operations in a number of areas, such as faster transactions and improved security. In this month’s feature story, Hildesheim discusses how the analysis of social data can influence CUs’ marketing decisions. Smaller CUs are also getting more advanced.

Analytics 131

Analytics Video blockchain Training 131

PYMNTS

JANUARY 17, 2018

While this industry is largely reliant on corporates’ adoption of innovative technology, it is also instrumental to getting issuing banks in on the movement. Disruption from FinTech rivals, coupled with tighter regulations like interchange fee caps, are pushing FIs to explore new revenue streams, Juul said. APIs Add Fuel.

Fintech 187

Fintech Data Cards Innovation 187

PYMNTS

OCTOBER 23, 2018

Open Banking regulations have gotten FinTech innovators’ brains churning over how to take advantage of the troves of data that traditional banks have typically kept locked away. With regulations like PSD2 and Open Banking emerging as ways to boost financial services competition, the bank-FinTech relationship has taken center stage.

Data 177

Data System Regulation Security 177

PYMNTS

JUNE 24, 2019

Supreme Cannabis’ management team has immense experience supporting health and wellness companies operating in Canada and international markets. He’s been working in the cannabis industry for several years, and has 13 years of experience in the capital markets industry, particularly in equity research analysis.

Branding 100

Branding Leadership Capital Industry 100

PYMNTS

SEPTEMBER 2, 2019

In another collaboration with Mastercard this summer, the PYMNTS B2B Payments Automation Innovation Playbook similarly revealed that the demand for AP automation is on the rise. Virtual commercial card technology allows for real-time data capture and analysis, a key benefit for corporates looking to strengthen their spend strategies.

Payments 186

Payments Cards Tools Technology 186

Insights on Business

JULY 30, 2019

Regulators in the US and across the globe are supporting and even encouraging experimentation with new ways to handle financial crime detection, operations and management. Responders were financial services professionals involved in financial crime analysis and investigations, including AML and customer due diligence (CDD).

Study 79

Study Survey Regulation System 79

PYMNTS

JANUARY 23, 2017

Dabbling in FinTech innovation, expanding internationally, integrating digital systems — businesses must make progress, but they’re facing unfamiliar threats as they make these moves. And we’re not just talking about cyberattacks. 40% more cyberbreaches impacted U.S. businesses in 2016 than the year prior, found CyberScout.

Survey 100

Survey Taxes Groups Analysis 100

PYMNTS

SEPTEMBER 17, 2018

Innovations like the Internet of Things (IoT), telematics and mobile payments are primed to disrupt the fleet space, but the industry may not be making use of these tools as much as it perhaps should be. The problem is that certain technologies struggle to gain traction within fleet operations.

Compliance 139

Compliance Industry Technology Data 139

PYMNTS

JUNE 26, 2019

Given the average credit union’s focus on member experience, a big focus on security and smooth transactions as innovative priorities is no surprise. percent) of credit union executives naming it as an innovative top priority. The Work Left To Do .

Analytics 118

Analytics Data Tools Fraud 118

PYMNTS

SEPTEMBER 18, 2019

In a market without Open Banking regulations, FinTechs continue to enter in to the market, collaborating with bank partners to offer their own financial services — which often compete directly with other financial institutions. The delicate balance between bank-FinTech competition and collaboration continues to teeter in the U.S.

Fintech 144

Fintech Payments Meeting Capital 144

BankUnderground

AUGUST 31, 2022

While regulators cannot be sure what risks the next decade will feature, they can be sure that the set of issues will continuously evolve. In designing such frameworks, regulators must continue to adapt to tackle challenges, including resolving limited data availability to better monitor risks and identify systemic interconnections.

Policies 88

Policies Marketing System Regulation 88

PYMNTS

MARCH 28, 2019

Of course, such efforts involve not only a city, but also a utility provider (and sometimes regulators), making even such a small move somewhat complex. Smart cities will operate not so much on technology as on the data that runs, guides and governs that technology, whether that means its deployment or day-to-day use.

Payments 195

Payments Alabama Data Analysis 195