Perficient

MARCH 16, 2023

Having each task matched to the right skills and capabilities is key to ensuring that each step in the process is completed as efficiently and effectively as possible so that clients and regulators see the program in the best possible light. These include client remediation programs at several mid and large-sized financial institutions.

Analysis 275

Analysis Resources How To Regulation 275

PYMNTS

MAY 1, 2018

Regulators in the U.S. are considering the regulation of digital tokens outside bitcoin. The Wall Street Journal reported that the inquiry is focused on the cryptocurrency Ethereum, which hasn’t been in the crosshairs of regulators as of yet.

Regulation 104

Regulation Bitcoin cryptocurrency Massachusetts 104

Perficient

FEBRUARY 29, 2024

Driven by technological advancements, regulatory changes, and shifting consumer preferences, the banking industry must evolve and respond accordingly. To address this, institutions are increasingly turning to technology-driven solutions aimed at enhancing service reliability, compliance, and security.

Trends 221

Trends Industry Analytics Compliance 221

PYMNTS

MARCH 25, 2019

But the laws and regulations governing biometrics have yet to catch up to the reality of their use, and that’s perhaps most apparent when it comes to two recent, high-profile cases in Illinois. The Illinois Biometric Information Privacy Act , commonly known as BIPA, not only stands as the strictest biometric privacy law in the U.S.,

Illinois 151

Illinois Regulation Google San Francisco 151

Abrigo

FEBRUARY 16, 2024

Assign clear responsibilities and establish accountability at all levels—from mechanics and calculations to analysis of covenant breaches. Kirby also recommends identifying the concentrations in your loan portfolio so regulators can see that you are planning for the future of whatever industries your financial institution specializes in.

Training 195

Training Risk Management Analysis Policies 195

Abrigo

JULY 11, 2017

Unlike mortgages, small business loans tend to be too variable, with each loan having many unique aspects, to allow for a meaningful aggregate analysis. Specifically, the bankers were worried about the feasibility of analyzing SMB loans for disparate impact on key demographics. published in the May 2017 issue of BankNews.

Regulation 150

Regulation Memphis Tennessee Lending 150

Abrigo

DECEMBER 13, 2023

Well-documented adjustments will please regulators. Adjustments to parameters should be made based on the outcomes of below and above-the-line analysis until an optimal balance is achieved, maximizing the effectiveness of the monitoring software. Takeaway 3 Regular testing helps maintain a robust defense against illegal activity.

Training 221

Training Fraud Software Regulation 221

PYMNTS

FEBRUARY 4, 2019

FinTech has, in many ways, democratized technology once reserved for the largest enterprises, and reduced barriers for small business (SMB) adoption. Indeed, in some ways, the relationship between client and SMB can be even trickier to manage, explained CEO Clate Mask of small business technology firm Keap. Do we want that regulation?

Technology 117

Technology Payments Analytics Software 117

PYMNTS

JULY 2, 2018

Despite a regulation crackdown and other issues, investors have continued to fund cryptocurrency startups in 2018, with ICOs raising $11.8 According to a Wall Street Journal analysis of nearly 900 offerings listed on ICOBench.com, that is more than double the $5.5 However, big technology-focused investors haven’t been as deterred.

Regulation 101

Regulation cryptocurrency Fraud Analysis 101

PYMNTS

DECEMBER 15, 2019

VeChain, which was started in 2015 in Singapore, showcases a lending platform based on the blockchain that aids clients in assessing the quality of items purchased via supply chain analysis. The main goal of the project is to widen the bank’s understanding of the eKrona’s technological potential.

Bitcoin 133

Bitcoin blockchain Regulation social media 133

Accenture

APRIL 4, 2017

Storm clouds are gathering over the banking industry in the form of a fragmenting value chain, rapid migration to digital channels, encroaching financial technology firms, and open banking regulations. As human interactions become rarer in banking, the importance of each one going well increases.

Technology 157

Technology Trends Survey Customer Experience 157

Insights on Business

MARCH 5, 2019

Reducing costs but appeasing regulators seems like an oxymoron, yet, many AML compliance and operations leaders are being asked to do just that. The question is, how to do this, while keeping the regulators happy? Even better, regulators have recently begun encouraging the application of these techniques. What does this mean?

Regulation 70

Regulation Compliance Analysis Innovation 70

Chris Skinner

FEBRUARY 24, 2017

Apparently, people like it and here I’m going to expand upon the basic theme to give a detailed analysis of how FinTech wings are spreading. It is no longer this big bucket of finance and technology. RegTech Regulatory Technologies, or RegTech for short, is fairly obvious as to what it is. So, here is the FinTech Wave, Part One.

Fintech 342

Fintech Regulation Technology Analytics 342

PYMNTS

DECEMBER 5, 2017

Data management is becoming an increasingly pressing concern for most financial institutions, as bank regulations continue to shift around the globe, according to new research. According to the survey, nearly 70 percent admit they have grievances with multiple legacy products, which are build on varying technologies with “inflexible” support.

Regulation 100

Regulation Management Data Survey 100

PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank client preferences have moved toward self-service technologies over branch visits in recent years because of ease of use and improved convenience. Kobe Bryant’s VC Firm Holds More Than $2B in Assets .

Cards 131

Cards Technology social media Meeting 131

PYMNTS

MAY 2, 2018

When venturing down those rabbit holes, technology proves a useful guide, he noted. Otherwise, if processes are done manually, firms can incur significant costs through satisfying the mandates of the most well-intentioned regulations. Where things get interesting is: How do you manage this for an international customer base?”.

Technology 102

Technology Regulation User Experience Management 102

CFPB Monitor

MAY 4, 2021

federal district court seeking to block the OCC from granting a national bank charter to Figure Technologies Inc. In the third complaint, CSBS also asks the court to declare that the OCC’s preemption regulations (12 C.F.R. CSBS’s challenge to the preemption regulations is time-barred. 7.4007, 7.4008, 34.4)

Technology 78

Technology National Regulation FDIC 78

Perficient

FEBRUARY 10, 2021

While the healthcare industry has long embraced technology, the demand to innovate and adapt quickly has grown exponentially in 2020 and into 2021. This has created an even greater demand for healthcare companies to incorporate more innovative technologies and build custom products to stay competitive within the market.

Software 294

Software Innovation Company America 294

Perficient

JULY 10, 2023

But, as one of the most regulated and notoriously untrusted industries, the financial services industry is among the most vulnerable to being impacted by negative digital media, driving up its vulnerability to reputational risk. Reputational risk is convoluted.

social media 170

social media Risk Management Analysis Industry 170

Abrigo

DECEMBER 29, 2023

Aside from formal training, one way that banks and credit unions can ensure staff are attuned to the latest regulations and best practices is by routinely sharing lending and credit risk resources. It also covers challenges ag lenders face in agricultural credit analysis and how to mitigate them.

Resources 221

Resources Lending Risk Management Policies 221

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

Bobsguide

MAY 31, 2018

Investment technology subsidiary of BNY Mellon, Eagle Investment Systems, recently announced the launch of its partnership with Microsoft, fitting in to the wider trend of harnessing cloud technology to comply with regulations and improve cost-to-income ratio. The cloud has seen a quiet.

Analysis 68

Analysis Trends Regulation System 68

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

FICO

MARCH 6, 2020

Concerning AFC, we are reputed for being a world leader in the fight against fraud and money laundering, developing and implementing standardized and individual solutions against financial and white-collar crime and for risk management and monitoring, analysis, and reporting. What solutions do you have? Which use cases do you address?

Compliance 81

Compliance Technology Fraud Analytics 81

PYMNTS

JANUARY 24, 2019

Dun & Bradstreet Global Head of Compliance and Supply Products Brian Alster said that, as the once-separate procurement and compliance efforts within organizations continue to converge, technology is going to play an increasingly critical role for businesses to manage the bombardment of risks, including fraud, non-compliance and cyberattacks.

Compliance 191

Compliance Risk Management Training Analysis 191

Abrigo

MARCH 11, 2022

Expert insights on 10 regulatory topics that NBFIs should consider this year Review this list of what regulators are looking for in 2022 to help your NBFI pass exams with flying colors. Takeaway 3 NBFIs should review common deficiencies in AML programs that regulators are citing and fix issues before their next audit or exam.

Regulation 195

Regulation cryptocurrency Policies Management 195

Abrigo

APRIL 18, 2022

Takeaway 3 As global interest in digital assets continues to rise, expect to see more regulation and even centralization of digital currency. Cryptocurrencies are a subset of digital assets and are decentralized networks based on blockchain technology. Rapid Growth. The rise of digital assets.

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

PYMNTS

NOVEMBER 16, 2020

PwC has spun out its technology for proprietary intelligent data capture to help create a new business, LIKEZERO , focused on next-generation data capture, a press release says. The new development comes from a management buyout by Souter Investments , a private equity-focused family investment office, and Manfield Partners Limited.

Data 169

Data Regulation Risk Management Training 169

Abrigo

MARCH 7, 2022

Experts weigh in on regulatory hot topics for 2022 Review these 10 insights into what regulators are looking for in 2022 to help your financial institution pass exams with flying colors. Takeaway 1 Regulators have increased their focus on BSA in the first quarter of 2022, and the crisis in Ukraine will put OFAC in the spotlight.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

PYMNTS

AUGUST 7, 2019

Business payments technology firm Bottomline Technologies has rolled out a suite of services for banks to elevate their customer engagement with corporate services. financial services industry’s migration toward open banking despite a lack of regulations in the country. In a press release on Tuesday (Aug. In the U.K.,

Digital Banking 177

Digital Banking Regulation Analysis Management 177

PYMNTS

SEPTEMBER 1, 2020

After China created new limitations on the export of artificial intelligence (AI) technology, a potential deal for TikTok ’s American operations is facing a hurdle as it is uncertain if the programming code at the heart of the app can come with the arrangement, The Wall Street Journal reported, citing unnamed sources.

Conference 285

Conference Analysis Regulation Report 285

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

JANUARY 2, 2020

The largest accounting firms – EY, Deloitte, KPMG and PwC – are investing billions of dollars in artificial intelligence (AI) and data technology products to change the industry in new ways, according to a report by Bloomberg Tax. We are a professional services firm, but technology is core to our future.”.

Data 179

Data Training Technology Taxes 179

PYMNTS

JUNE 29, 2020

But some analysis suggests supplier payment strategies are in flux to better support the working capital positions of corporates. Analysis of more than 1,400 companies in the region found a whopping 40 percent increase in the portion of businesses that are being paid late, compared to 2019 research. ” $1.3 companies. .”

Payments 256

Payments Analysis Capital Strategy 256

Abrigo

FEBRUARY 22, 2024

If staff capacity is a barrier to better check fraud prevention at your financial institution, consider upgrading your technology and investing in more streamlined, efficient processes for your fraud department. Emerging technologies such as AI and ML can help by quickly identifying patterns and anomalies that detect check fraud.

Fraud 195

Fraud Trends Training Maine 195

CFPB Monitor

DECEMBER 20, 2018

The FDIC’s current regulations on brokered deposits and interest rate restrictions are set forth at 12 C.F.R. The FDIC has issued an Advance Notice of Proposed Rulemaking (ANPR) seeking comment on its regulatory approach to brokered deposits and interest rate restrictions. Section 337.6.

FDIC 60

FDIC Regulation Capital Analysis 60

Abrigo

NOVEMBER 8, 2019

Top down and bottom up analysis can inform capital assessments. Stress testing can put a burden on smaller financial institutions, but today's technology "levels the playing field.". An alternative to bottom up stress testing is a top down stress analysis, which will also produce results that can inform capital assessments.

Lending 150

Lending Risk Management Analysis Capital 150