PYMNTS

APRIL 29, 2019

Citi announced on Monday (April 29) the launch of NextGen, its artificial intelligence-powered risk analytics scoring engine. We process nine million transactions annually, and the NextGen project will help us optimize our processes from the back office to the front by expanding the use of digitization, automation and advanced analytics.”.

Analytics 123

Analytics Compliance Innovation Operations 123

PYMNTS

NOVEMBER 13, 2018

A new survey shows that an increasing number of mergers and acquisitions (M&As) are not going through because of concerns over General Data Protection Regulation (GDPR) compliance.

Compliance 144

Compliance Survey Analytics Regulation 144

Abrigo

MAY 6, 2015

Even so, there are many judgment calls to be made throughout an audit, including deciding which analytical procedures to perform and which pieces of data among the mountains of data provided are the most important and most vulnerable to misrepresentation. This is where the process becomes more “art” and less “science.”

Analytics 150

Analytics Compliance Analysis Data 150

Abrigo

AUGUST 4, 2016

And some procedures—like analytics, for example—require more extensive documentation due to the amount of judgment applied in their selection, design and evaluation. Analytical procedures, defined Analytical procedures are defined in the professional standards as studies of plausible relationships among both financial and nonfinancial data.

Analytics 150

Analytics Compliance Software Examples 150

PYMNTS

SEPTEMBER 21, 2018

20) that its Insights Generator is now live, enabling businesses to use the Suplari Intelligence AI platform to develop custom analytics for their finance and procurement processes. The Insights Generator augments that offering by allowing businesses to access insights on specific areas of the organization for more customized analytics.

Analytics 133

Analytics Data System Management 133

Perficient

DECEMBER 22, 2023

Positive Aspects of AI in Financial Services As noted by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques, have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

Risk Management 221

Risk Management Compliance Fraud Regulation 221

PYMNTS

JUNE 20, 2019

Data analytics company Equifax is teaming up with identity verification solutions provider GIACT Systems to help joint corporate customers mitigate the risk of fraud. “We are pleased to be entering into an alliance with Equifax ,” said GIACT Co-Founder and CEO Melissa Townsley in a statement.

Analytics 122

Analytics Fraud Compliance Data 122

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

Insights on Business

AUGUST 22, 2018

Whether the change is additional regulations or a rollback of existing regulations (which we are seeing in the US), the impact on financial institutions and their legal and compliance professionals is significant. Given these issues, it is critical that governance, risk and compliance (GRC) systems are leveraged to enhance this process.

Compliance 79

Compliance Innovation Technology Policies 79

PYMNTS

SEPTEMBER 23, 2020

billion) annually on cybercrime prevention efforts, according to a recent study, with many of these investments devoted to cloud-based systems that harness data analytics. Technologies like video onboarding and AI have shown promise in facing this threat, but each is vulnerable when deployed alone. British banks spend upward of £6.7

Technology 208

Technology Report Fraud Study 208

PYMNTS

MARCH 19, 2018

Thus, against this backdrop, the announcement came this past week that Mastercard and IBM have partnered and formed a trust – Truata – that allows for analytics of, and protection of, data in compliance with GDPR. Think of it as outsourcing data analytics, to at least ensure that the data is in compliance.

Analytics 124

Analytics Data Compliance Tools 124

Perficient

JUNE 24, 2023

In today’s digital landscape, having a solid digital strategy and embracing cutting-edge technology are key factors for business success. However, many enterprise organizations face challenges when it comes to coordinating the rollout of new marketing technology products and achieving scalable growth.

Tools 251

Tools Digital Strategies Analytics System 251

PYMNTS

JUNE 26, 2019

What is surprising, however, is how relatively anemic a showing data analytics makes in terms of executive enthusiasm, with just over a third (35.7 Financial institutions, he noted, don’t pursue things like data analytics as an end in themselves — it is a tool that is almost always going to be used in service of a broader objective. “If

Analytics 118

Analytics Data Tools Fraud 118

Perficient

SEPTEMBER 16, 2020

Director, Safety and Pharmacovigilance , Prabha Ranganathan Director, Clinical Data Warehousing and Analytics, and Christine Livingston , Chief Strategist, Artificial Intelligence, presented a webinar on integrating AI and automation to transform and optimize an end-to-end pharmacovigilance (PV) system. .

Analytics 294

Analytics Compliance Data System 294

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. The outerspace update took the events to even further heights.

Analytics 593

Analytics Meeting Video Data 593

PYMNTS

APRIL 20, 2018

It’s very hard for businesses to figure out, in real time, what business transactions need,” explained Dilip Dubey, CEO of procurement technology company Xeeva, in a recent interview with PYMNTS. “It Data analytics tools definitely have a place in the procurement world, and they can share with you what’s happening,” he said.

Analytics 103

Analytics Analysis Survey Tools 103

PYMNTS

OCTOBER 6, 2020

In either case, Wix’s solution is the same: a combination of in-depth knowledge of their customers’ and partners’ transactions paired with analytics technology to identify suspicious transactions. Preventing Money Laundering Analytically.

Analytics 163

Analytics Data Analysis Payments 163

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

CB Insights

SEPTEMBER 13, 2021

Mastercard , a global fintech platform, acquired CipherTrace , a blockchain analytics and cryptocurrency intelligence software provider, for an undisclosed amount. The technology offers services such as blockchain forensics, anti-money laundering, and compliance monitoring, among others. Who are the parties to the deal?

Analytics 43

Analytics Technology cryptocurrency blockchain 43

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. In the U.S., However, there is a range of other areas of noncompliance risk for these businesses.

Compliance 117

Compliance Risk Management Lending Regulation 117

Perficient

NOVEMBER 11, 2020

Here are 8 trends we’re currently tracking into 2021: TREND 1: The evolution of healthcare will be characterized by a reengineering of clinical care and operations around digital health and pervasive real-time use of data and advanced analytics.? Expect expansions of asynchronous virtual care leveraging integrated wearable technologies.

Trends 618

Trends Strategy Digital Strategies Leadership 618

PYMNTS

DECEMBER 27, 2016

Here is the response from Joe DeCosmo, chief analytics officer of Enova International …. Payments 2016: The Year of Payment Innovation Via Predictive Analytics. This was the year for payment innovation through predictive analytics. Download the eBook.

Analytics 110

Analytics Innovation Payments eBook 110

PYMNTS

JUNE 14, 2016

The chief analytics officer must navigate an increasingly complex playing field of business risk, cybersecurity, financial data, employee data, and just data, period. PYMNTS: What does a day in the life of a Chief Analytics Officer look like? The numbers are the numbers – it’s the making sense of them that counts.

Analytics 100

Analytics Customer Experience Data Leadership 100

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

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

Insights on Business

AUGUST 15, 2018

A few weeks ago, my colleague Sam Kalyanam discussed the challenge facing financial institutions regarding the way they conduct anti-money laundering (AML) compliance. Let’s be honest, banks and other institutions have been dealing with sub-par compliance processes for a long time. Well, technology has.

Compliance 70

Compliance Analytics System Regional 70

PYMNTS

NOVEMBER 3, 2017

It was a busy time for B2B venture capital this week, and while funding ranged across verticals from expense management to SaaS, there was a clear theme in investment rounds: high-tech data analytics. Intel Capital, California Technology Ventures, Tesi, SmartFin Capital and Open Ocean also participated in the round. has raised $5.6

Analytics 189

Analytics Data Capital San Francisco 189

PYMNTS

OCTOBER 17, 2016

Technology has the power to help a business rise up from the competition. From spend data analytics to cybersecurity detection, innovative tools in FinTech enable companies to gain visibility into the performance of their business. Small businesses, too, have an appetite for technology. 78% of U.S.

Technology 100

Technology Analytics Survey Data 100

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

Perficient

FEBRUARY 25, 2021

In season 1 episode 7 of the Intelligent Data Podcast , host Arvind Murali and his guest Pawan Gupta , Perficient’s Principal of Commerce and Omnichannel Services, discuss the impact data has on ecommerce, supply chain, and order management as well as key considerations such as data privacy and compliance. ?. Listening Guide.

Data 452

Data Analytics Apple Google 452

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

Insights on Business

FEBRUARY 27, 2018

A common assumption in risk and compliance is that financial institutions typically have to spend more to meet their regulatory obligations. To achieve this, IBM and Promontory Financial Group are at the forefront of applying cognitive technology to regulatory demands. “Meaning, [regtech] is a teammate.

Compliance 98

Compliance Risk Management Management Regulation 98

PYMNTS

SEPTEMBER 19, 2019

Supply chain management has morphed into a strategic business initiative combining technological adoption, event forecasting and even politics: awareness of its complexities has never been higher thanks to threats of a trade war between the U.S. Technology to the Rescue — Maybe. Inaccuracy of [a] forecast is unpardonable.”.

Technology 117

Technology Strategy Management Industry 117

FICO

FEBRUARY 14, 2017

I’m going to explore the impact advanced analytics can have on the current state of regulatory compliance. At our FICO TONBELLER User Group , we shared Baker & McKenzie’s view on the use of AI for financial crime compliance: At FICO TONBELLER , we have a head start. That’s what a compliance officer is looking for.

Analytics 40

Analytics Compliance Meeting System 40

PYMNTS

JANUARY 26, 2021

The Value Of Automated Analytics. Organizations want to take a more analytical and automated approach to managing expenses,” he noted, adding that technologies like artificial intelligence (AI) can automatically identify whether spend is erroneous, fraudulent or non-compliant with company policy.

Analytics 189

Analytics Compliance Management Data 189

Abrigo

NOVEMBER 13, 2014

• Business analytics. But the reality is that many accountants’ compliance-related workloads keep them busy enough (or too busy) that they don’t make time to focus on higher-value-added services. Learn more at the upcoming webinar, “ Leverage Technology to Grow Your Firm ” on Nov. 18 at 1 p.m.

Technology 220

Technology Strategy Data Report 220

FICO

JUNE 5, 2017

They’re not sure how to reap the value of these insights by using them to boost the performance of predictive analytics, and make better operational customer decisions. In all of these endeavors, I’ve been excited by a common thread: the predictive power of text analytics and graph-based methods to improve classical machine learning recipes.

Analytics 108

Analytics Analysis Data Compliance 108