PYMNTS

DECEMBER 7, 2020

Today in B2B payments, Revolut launches a new solution for its business customers, and MonetaGo collaborates to combat trade finance fraud. Through 100 percent invoice integration, the service boasts improvements to savings, and offers a compliance audit feature that can help vendors cut spending. Both companies are based in Singapore.

Fraud 159

Fraud Capital Regional Security 159

PYMNTS

MARCH 10, 2017

With eCommerce in full swing, many retailers are looking to restructure many facets of their operations. Blockchain technology is often used as the go-to source to enable faster and safer transactions, especially for smaller players in the retail market. and China alone was approximately $660 billion.

blockchain 108

blockchain Payments Retail Technology 108

PYMNTS

OCTOBER 27, 2019

In an interview with Karen Webster, Jess Turner, executive vice president of North American Digital Payments at Mastercard , delved into the network giant’s expansion into the healthcare and supply chain spaces using advanced technologies such as blockchain, artificial intelligence (AI) and biometrics. Making Waves With Blockchain.

blockchain 101

blockchain Guidelines Fintech Fraud 101

PYMNTS

OCTOBER 27, 2019

In an interview with Karen Webster, Jess Turner, executive vice president of North American Digital Payments at Mastercard , delved into the network giant’s expansion into the healthcare and supply chain spaces using advanced technologies such as blockchain, artificial intelligence (AI) and biometrics. Making Waves With Blockchain.

blockchain 100

blockchain Guidelines Fintech Fraud 100

CFPB Monitor

JUNE 3, 2021

After reviewing how blockchain technology operates and the pandemic’s impact on its use, we discuss the technology’s main benefits and regulatory risks; its use in digital identity, anti-money laundering compliance, preventing wire transfer fraud, peer-to-peer lending, and decentralized finance; the role of “smart contracts” in consumer finance; how (..)

blockchain 60

blockchain Technology cryptocurrency Maine 60

PYMNTS

JANUARY 30, 2019

They face the challenge of offering customers a smooth onboarding process while also remaining rigorous in know your customer (KYC) efforts, taking care to remain compliant with local anti-money laundering (AML) regulations that aim to keep criminals from using legitimate operations to move money illegally. In the U.K.,

How To 170

How To blockchain Compliance Regional 170

PYMNTS

MARCH 22, 2016

Investors may be flocking to blockchain technology startups that are seeking out new ways to use the tool, but one startup just secured investment for making sure that the businesses using blockchain are doing so within the confines of the law. We have already been able to expand operations to the U.S.

blockchain 100

blockchain Tools Compliance Security 100

PYMNTS

APRIL 22, 2019

How DraftKings Keeps Fraud Out of Fantasy S ports. In this month’s feature story, Jennifer Aguiar, vice president of compliance and risk for DraftKings , explained a data-centric approach to providing behind-the-scenes security during onboarding, and throughout the entire customer relationship. customers now onboard digitally.

Fraud 143

Fraud Security Online Video 143

Insights on Business

OCTOBER 3, 2018

Advances in artificial intelligence (AI), blockchain, and cybersecurity are poised to transform the financial services industries. These technologies bring capabilities that speed risk modeling, automate fraud detection, ensure regulatory compliance, enable distributed trust, and protect sensitive financial information.

Industry 155

Industry Innovation blockchain Compliance 155

PYMNTS

SEPTEMBER 12, 2019

The latest AMC/KYC Tracker examines current efforts to stop money laundering, fight fraud and improve customer identity authentication in the financial services space. The Cost of Compliance. The projected 2020 cost of AML compliance across all U.S. financial institutions (77 percent) for AML compliance.

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

PYMNTS

JANUARY 11, 2017

The Reserve Bank of India (RBI) says it’s time to embrace blockchain and adopt a digital currency for the country, according to a new report. Cost savings, mitigation of forex volatility, faster settlement, greater efficiency and reduced processing time are all some of the potential benefits of blockchain, the group added.

blockchain 100

blockchain System Groups National 100

PYMNTS

MARCH 14, 2019

Both corporates and banks have said Know Your Customer ( KYC ) regulations are their most pressing compliance concerns, with nearly three-quarters of businesses with more than $1 billion in revenues pointing to KYC as their top challenge. Even fewer — 5 percent — have adopted blockchain, and only 2 percent use cryptocurrencies.

Fraud 115

Fraud Survey Taxes Regulation 115

Insights on Business

SEPTEMBER 17, 2016

Perhaps nowhere does this saying apply as well as it does to the growing interest and adoption of blockchain technology in the global banking industry. I’m as sure as I can be that blockchain represents an important new technology. And they’re prone to tampering and other forms of fraud. So is IBM urging its immediate adoption?

blockchain 70

blockchain Study Security Industry 70

PYMNTS

FEBRUARY 18, 2019

which the institution plans to deploy in its corporate payments operation. According to blockchain and cryptocurrency company BitRail , JPMorgan’s announcement was certainly a validating moment for the industry. BitRail doesn’t yet operate in the B2B payments space. “Adoption is like water,” he said.

cryptocurrency 175

cryptocurrency Payments blockchain Compliance 175

PYMNTS

MARCH 22, 2019

Government moves at its own pace, for better or worse or both, but that pace can provide opportunities for fraud and expensive errors — mistakes and missteps that can cost hundreds of billions of dollars annually. Take all the paperwork required to access federal benefits in the U.S.

Mobile 100

Mobile Fraud Security Data 100

Insights on Business

MAY 1, 2018

Global VP of Watson Financial Services, Vivek Bajaj, will kick it off with a keynote speech on how Cognitive and Blockchain are using regtech, augmented counter fraud and customer service and to ultimately, transforming financial services. Blockchain. Compliance. Topics include: AI. Biometrics. Consumer protection.

System 126

System Payments blockchain Fraud 126

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. RegTech has two aims: increasing the effectiveness and the efficiency of compliance. Both are critical.

Compliance 150

Compliance Regulation Innovation Fintech 150

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. RegTech has two aims: increasing the effectiveness and the efficiency of compliance. Both are critical.

Compliance 150

Compliance Regulation Innovation Fintech 150

NCR

AUGUST 18, 2017

Over the past year or so, major banks across the world have begun investigating what blockchain technology can offer to their business, with many use cases now being piloted. Why banks are excited about blockchain. Financial institutions are exploring blockchain for its potential to reduce costs and streamline processes.

blockchain 75

blockchain Technology cryptocurrency Study 75

Insights on Business

JUNE 18, 2018

From artificial intelligence and machine learning to blockchain and robotics, these technologies are beginning to transform the securities industry and are offering up some big questions involving their implementation. Another technology in discussion will be the ever prevailing blockchain technologies. IBM sessions.

Conference 70

Conference Fintech blockchain Compliance 70

PYMNTS

APRIL 27, 2020

Employing professionals to build out AI solutions, integrate automation into customer flows, and develop blockchain-based offerings is costly, and banks that lean on these tools to attract customers without implementing the appropriate security protocols could find themselves plagued by fraud or faced with compliance challenges.

Digital Banking 248

Digital Banking Tools social media Mobile 248

Abrigo

NOVEMBER 11, 2021

Monitoring this type of activity is where the keen eye of AML and fraud investigations professionals is crucial and where AML software can provide significant support. . This activity may indicate attempts to break the chain of custody on the respective blockchains or further obfuscate the transaction. Fraud Prevention.

Fraud 195

Fraud cryptocurrency System Trends 195

Abrigo

NOVEMBER 11, 2021

Monitoring this type of activity is where the keen eye of AML and fraud investigations professionals is crucial and where AML software can provide significant support. . This activity may indicate attempts to break the chain of custody on the respective blockchains or further obfuscate the transaction. Fraud Prevention.

Fraud 195

Fraud cryptocurrency System Trends 195

PYMNTS

JUNE 27, 2019

Citi recently launched two new tools, aimed at addressing the need for treasurers in a real-time payments ecosystem to target fraud in real time, too. The solution, announced this week, was designed to accelerate and automate fraud detection as more treasurers deploy real-time transaction capabilities.

Payments 100

Payments Fraud Tools Groups 100

PYMNTS

SEPTEMBER 19, 2017

In 2016, corporate banking made up 38 percent of overall operating income across 20 of the world’s largest banks,” explained Patricia Hines, senior analyst at Celent, in a statement. The disruptors range from machine learning and blockchain to APIs and faster payment initiatives, and banks have a choice to make when pursuing these tools.

Innovation 108

Innovation Survey blockchain Lending 108

PYMNTS

SEPTEMBER 17, 2018

HomeAway, which was acquired by industry giant Expedia for nearly $4 billion in 2015, owns and operates travel booking platforms, including VacationRentals.com, VRBO and several others. It currently does business via a total of 50 websites and platforms around the world, operating in 23 languages and offering rentals in 190 countries.

Data 122

Data Analytics Security Payments 122

Insights on Business

MAY 3, 2019

It enables clients to quickly add value, stability and compliance to their operations and deliver secure real-time payments while significantly reducing costs. Payment fraud has become a world-wide $20B per year problem and is growing. Learn more about IBM Safer Payments and fraud detection technology here.

Payments 87

Payments Fraud Security Innovation 87

CB Insights

NOVEMBER 2, 2017

Over 143 million Americans will be at risk of financial fraud for years following the Equifax cybersecurity breach, while an estimated 3 million Wells Fargo customers unknowingly had their digital identity stolen to open fraudulent trading accounts. The volume of regulation has created more surface area for compliance gaps.

Compliance 72

Compliance Regulation blockchain Software 72

FICO

JANUARY 30, 2019

There’s a pervasive view that compliance for money laundering remains a cost-centre activity, and is primarily a “check-the-box” exercise to keep the auditors and regulators satisfied. As business volumes and data complexity increase exponentially, AML compliance has taken on a bigger role. However, that has evolved in recent times.

Compliance 45

Compliance Regulation Fraud System 45

PYMNTS

JUNE 12, 2018

The procure-to-pay space is not immune to technological disruption, particularly as tools like blockchain, artificial intelligence and predictive analytics enable automated, efficient and smarter decision-making. Procurement officials are eager to at least explore these tools, the latest research suggests.

Survey 108

Survey Tools Analysis Technology 108

PYMNTS

JUNE 27, 2017

So we also added a new focus: applying document and artificial intelligence/machine learning to develop enterprise-class solutions for identity verification in digital channels that meet the market need for a great user experience, risk mitigation and regulatory compliance. PYMNTS: Where do you look for innovative ideas, and why?

Innovation 145

Innovation System Mobile Trends 145

PYMNTS

FEBRUARY 7, 2019

Tightening regulations have introduced loftier compliance burdens to global supply chains, made even more complex and challenging as companies do business with thousands of vendors across borders. The burden of regulatory compliance came to a head in the U.S. The burden of regulatory compliance came to a head in the U.S.

Compliance 164

Compliance Retail blockchain Regulation 164

Insights on Business

NOVEMBER 20, 2017

These schemes highlight the need to provide this service together with real-time financial crime detection as well as prevention and vastly improved and simplified regulatory compliance capabilities. The momentum with blockchain technology, it is no longer just a discussion. The value of incorporating APIs and voice in your operations.

Payments 79

Payments Guidelines Digital Banking Industry 79

PYMNTS

APRIL 1, 2019

Companies are also turning to digital marketplaces to tap into workers’ expertise while lowering operating costs. . These platforms can transfer money securely with blockchain-enabled transactions, which keep the funds safe from cybercrime while adhering to global financial regulations. Digital onboarding in the gig economy .

Payments 183

Payments Survey Online Company 183

BankUnderground

JUNE 25, 2020

First, global financial services firms maintain central hubs for storing and analysing data generated by their cross-country operations. In some cases, firms ‘insource’ these functions to intra-group entities operating in lower-cost jurisdictions. . This has been driven by three factors. 15 of this report ).

Data 105

Data Big Data Regulation Risk Management 105

PYMNTS

MARCH 23, 2018

Funders had a range of startup targets in mind, but blockchain and small business banking were the big winners this time, though four funding rounds for blockchain companies couldn’t compete with the single largest funding round of the week, which landed at alternative banking startup N26. Blockchain. Reports in City A.M.

blockchain 110

blockchain Capital Management Software 110

CB Insights

MARCH 21, 2018

Live briefing: BLOCKCHAIN TRENDS IN 2018. Join us for a deep dive into blockchain in 2018. Enter blockchain technology, a cryptographically secured form of shared record-keeping. While the blockchain has been subject to extreme hype, its true killer applications are likely to be in some of the most antiquated fields out there.

blockchain 78

blockchain Fraud Policies Industry 78