Insights on Business

JULY 31, 2018

IBM RegTech Innovations. We caught up with Peter Chirlian, CEO of Armanta, an IBM Company, to tell us more about Armanta’s innovative approach to aggregation and risk analytics. Let me start by asking about the risk management challenges that financial institutions face.

Innovation 133

Innovation Analysis Analytics Risk Management 133

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

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. The company is owned by its users (120 banks).

Analytics 97

Analytics Risk Management Management Regulation 97

PYMNTS

JUNE 29, 2017

Regulation has historically been a challenge for the financial services space, but considering today’s fast pace of change in both financial services innovation and regulation, compliance is increasingly becoming a headache. In Europe, financial services regulation is especially disruptive.

Policies 123

Policies Compliance Regulation Innovation 123

PYMNTS

OCTOBER 28, 2020

The application suite for smaller FIs includes a catalog of regulator-accepted AML scenarios, tools for custom scenario design and analysis, a 360-degree view of customers and events, regulatory reporting templates and more. Last June, Oracle advanced its Retail Brand Compliance Management Cloud Service with the latest innovations.

Compliance 154

Compliance Security Management Analysis 154

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

APRIL 29, 2019

By combining EY’s business, risk and technology consulting expertise in the financial services sector with SAS’ advanced analytics platform, Citi said it can offer another service to further digitize the trade compliance process. managed services CIO, in the press release. managed services CIO, in the press release.

Analytics 123

Analytics Compliance Innovation Operations 123

FICO

JUNE 26, 2020

Analysis of FICO® Resilience Index data by Tom Parrent, former chief risk officer for Genworth Financial, shows that from 2010 to 2015, nearly 600,000 additional mortgages could have been originated to consumers with FICO® Scores between 680 and 699, had the FICO® Resilience Index been available to lenders at the time.

Analytics 98

Analytics Analysis Tools Capital 98

PYMNTS

MAY 10, 2019

Among the highest ideals for digital payments – driving innovation in transactions and customer experience – is, of course, the concept of seamlessness. And doing so depends on data – not only the collection of the most useful information, but also its proper analysis and deployment, while conforming to the NACHA WEB debit rule.

Payments 178

Payments Fraud Security Customer Experience 178

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. financial institutions, the FFIEC released new guidance and a Cybersecurity Assessment Tool for institutions to self assess their risks and determine their cybersecurity maturity.

Tools 114

Tools Leadership Handbook Security 114

CFPB Monitor

JUNE 11, 2019

Regulatory sandboxes are laboratories for the development of innovative technologies in an environment that is free from onerous government restrictions. Under the Utah law, applicants must have a physical location in Utah, and must develop and perform all testing of the innovative product or service from that location.

Utah 60

Utah Arizona Regulation Innovation 60

FICO

DECEMBER 23, 2020

It has also opened new doors for criminals, who have rushed to exploit the uncertainty in a pandemic world and devised new money laundering and terrorist financing schemes by taking advantage of loopholes in the regulations, new ways of working aided by advances in technology, and electronic payment innovations.

Compliance 52

Compliance Regulation Data Risk Management 52

Insights on Business

DECEMBER 12, 2017

Thousands upon thousands of often complex and intellectually challenging rules, regulations and policies that dictate the boundaries of how financial institutions behave. Compliance work is expanding from a center of research, to a center of analysis, corporate insight and competitive advantage.

Compliance 70

Compliance Risk Management Groups Innovation 70

Tomorrow's Transactions

JUNE 9, 2020

Over the past years, cloud-based services have become popular as they provide and manage resilient resources on behalf of an organisation. Having said that, their increased use has also become a systemic risk, prompting calls for regulating these providers to ensure high standards of operational resilience.

Resources 82

Resources Risk Management Operations Regulation 82

Insights on Business

MAY 6, 2019

Unlike the latter areas, fraud prevention is an area not as heavily governed by regulations or specific rules of what a financial institution should or should not allow. Payment fraud detection has always had a bit more latitude than its counterparts in anti-money laundering, customer due diligence and even trade surveillance compliance.

Fraud 102

Fraud Regulation Compliance Analytics 102

CB Insights

NOVEMBER 2, 2017

This briefing with cover financing trends for startups, corporate activity in the space, and innovative approaches to dealing with new regulatory complexities. Looking at the top breaches since the financial crisis highlights some of the impacts that major gaps in regulation have on consumers. Key takeaways. Track regtech startups.

Compliance 72

Compliance Regulation blockchain Software 72

Celent Banking

JANUARY 22, 2015

Regulation is an important issue for banks to get into P2P lending and depending the country, there may be restrictions. Perhaps the P2P lending company that has best understood and dealt with this issue so far is Afluenta; working with regulators in each country to adapt its model and operate under authorization of the financial regulator.

Maine 100

Maine Lending Regulation Risk Management 100

FICO

JULY 1, 2022

Director, Product Management at FICO, and included panelists: Julie Conroy , Head of Risk Insights and Advisory at Aite-Novarica Group (US). Ulisses Okamoto , Fraud Risk Management Superintendent at Itaú Unibanco (Brazil). Kerem Özdamar , Fraud Risk Analysis & System Development Manager at Garanti BBVA (Turkey).

Fraud 52

Fraud Trends South Carolina Risk Management 52

FICO

AUGUST 3, 2022

Business leaders are motivated to invest in the right technology to drive innovation and growth, and they are hungry for improving their ability to make more intelligent decisions. Aligning with C-Suite Priorities. The good news? Thinking Beyond the Data.

Data 52

Data Analytics Customer Experience Technology 52

Insights on Business

JUNE 27, 2018

IBM RegTech Innovations. Asset liability management (ALM) and liquidity risk (LR) are top of mind for banks as the pressure from today’s regulatory environment heats up. Regulators are no longer willing to accept ALM and LR metrics once a month. Integrating big data technology with risk management for a complete solution.

Big Data 151

Big Data Data Risk Management Analytics 151

Fintech Labs Insights

MARCH 20, 2017

Jo Hill, director of market intelligence, data and analysis/strategy and competition (whew…) at the Financial Conduct Authority (FCA), noted the potential for regtech to make day-to-day banking operations more efficient and effective, ultimately resulting in better experiences for consumers and enabling access to financial services more broadly.

Regulation 18

Regulation Compliance Risk Management Innovation 18

Gonzobanker

MAY 7, 2018

Recent analysis by Cornerstone Advisors reviewed the marginal growth of employees at mid-size banks over the past three years. Banks in the future will address areas with a narrow span of control and evolve to the player/coach leadership models seen more in professional service firms than in traditional, regulated financial institutions.

Leadership 83

Leadership Operations Lending Strategy 83

Insights on Business

SEPTEMBER 28, 2018

IBM RegTech Innovations. There’s a clear trajectory from daily to intra-day calculations, and in some cases even to real-time XVA calculations to help traders and risk management teams make better operational decisions. Game-changing innovation. Innovation drives business transformation.

Innovation 79

Innovation Risk Management Maine Examples 79

Fintech Labs Insights

OCTOBER 30, 2016

The company notes “while the name is new, the marriage of technology and regulation to address regulatory challenges has existed for some time with vary degrees of success.” My Virtual Strongbox ( F14 ) introduced the kind of secure document storage technology that can help FIs better manage customer documentation.

blockchain 12

blockchain Trends Fintech social media 12

Insights on Business

MARCH 11, 2019

Whether due to lack of specific use cases, or limited visibility into the challenges analysts, compliance officers and risk managers face. But financial institutions are awakening to the potential impact these technologies encompassing AI can make – and regulators are on board as well. Gauging AI by asking the experts.

Compliance 140

Compliance Risk Management Tools Survey 140

Insights on Business

AUGUST 28, 2019

One of the privileges of the innovation team is that we get to evangelize concepts that are poised to reshape how our business will function. We’ve been quite vocal about our own transition to a risk management microservices architecture. Our experience with microservices. Don’t have data? Layer in the data service.

Management 87

Management Risk Management Resources Analytics 87

Tomorrow's Transactions

DECEMBER 19, 2016

No matter how much I complain that silly lists of what will be big in the New Year are trivial and superficial and not really representative of a more detailed analysis of key trends… I still feel I have to annoy my colleagues at Consult Hyperion into giving me a few ideas so that I can surf the end of year blog wave. Goodbye 2016.

Mobile 30

Mobile Retail Trends Security 30

Insights on Business

AUGUST 28, 2019

One of the privileges of the innovation team is that we get to evangelize concepts that are poised to reshape how our business will function. We’ve been quite vocal about our own transition to a risk management microservices architecture. Our experience with microservices. Don’t have data? Layer in the data service.

Management 70

Management Risk Management Resources Analytics 70

Insights on Business

JULY 1, 2019

Compliance, on the other hand, was the domain of so-called “back office” personnel involved in risk management and regulatory matters, and perhaps with either “compliance” or some niche acronym in their titles. Siloed information hides systemic risk. Seeing customer feedback as a data source.

Compliance 96

Compliance Customer Experience Analysis Data 96

Insights on Business

NOVEMBER 20, 2018

If you operate in any regulated industry, you need to assure both the regulatory community and your clients that you are acting in the best interests of the customer. In most cases, risk management and compliance teams haven’t been able to evolve quickly enough to keep pace with the relentless ingenuity of the wrongdoers.

Analytics 79

Analytics Compliance Risk Management social media 79

CB Insights

MARCH 27, 2019

into cybersecurity startups globally — especially as tech companies have been largely at the center of privacy regulation issues. In this analysis, we explore some of the biggest cybersecurity controversies which affected FAMGA, how they’ve responded, and what they are doing now to fill in the remaining gaps. Table of contents.

Google 76

Google Apple Security Data 76

FICO

MARCH 6, 2020

FICO brings AI and advanced analytics to risk management, fraud detection, collections and much more. We serve corporates, insurance companies, and banks – be it a retail, private, wealth management, automotive or telecom bank, tier 1 or tier 3 bank. However, this has changed over time. In the U.S.

Compliance 81

Compliance Technology Fraud Analytics 81

Gonzobanker

MAY 21, 2019

for the past 11 years, yet no analysis has been initiated to determine why customer share-of-wallet is not improving. While the bank focuses strongly on commercial lending, I am concerned that deposit funding from consumer relationships could erode more quickly than management is forecasting given external competition and innovations.

Customer Experience 112

Customer Experience Analytics Management Operations 112

South State Correspondent

JUNE 13, 2022

Banks that are looking to enhance their risk management practices should consider incorporating the concept of the velocity of risk into their enterprise-wide risk management practices. Some risks occur slowly; others strike quickly and hard. Optimizing Risk.

Risk Management 195

Risk Management Examples social media Management 195

FICO

AUGUST 28, 2017

Social Network Analysis. An innovative new way of rating the credit risk of someone with little or no credit history is through psychometrics. Lenders need to explain how consumers are scored – certainly to regulators, and often to consumers themselves. Survey / Questionnaire Data.

Data 52

Data Analytics social media Technology 52

Gonzobanker

DECEMBER 22, 2015

Bank Innovation named Jill one of the 10 most innovative CEOs in banking for 2015, and we doubt that Bank Innovation would know who Jill is if not for her presence on Twitter. Regulator Award. Information Management Award. Jill’s use of Twitter is a model for any bank CEO looking to engage on social media. ‘Are

Community Bank 60

Community Bank Apple Community Technology 60

CB Insights

OCTOBER 6, 2017

Innovation in microprocessors — particularly Nvidia’s graphic processing units (GPUs) — have played a large role. A detailed analysis of Walmart patents can be found here ). These are the professions at the greatest risk. Risk of automation is highest in predictable work environments in industries with lower regulations.

Software 69

Software Industry Retail United States 69