Accenture

MARCH 23, 2017

I wanted to follow on from my previous blog around the emergence of RegTech (technologies that address the challenge and cost of regulatory compliance.) I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. Now—what does RegTech mean?

Regulation 150

Regulation Industry Trends Compliance 150

Accenture

MARCH 23, 2017

I wanted to follow on from my previous blog around the emergence of RegTech (technologies that address the challenge and cost of regulatory compliance.) I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. Now—what does RegTech mean?

Regulation 150

Regulation Industry Trends Compliance 150

PYMNTS

JANUARY 30, 2020

Banks and FinTechs continue to discover new opportunities in unlocking corporate clients’ financial data, with banks embracing data integration for their own product development initiatives, and FinTechs finding new ways to collaborate with each other. Mastercard Taps FinTech for Biz Card Boost.

Data 161

Data Fintech Cards Software 161

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.

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.

Compliance 150

Compliance Regulation Innovation Fintech 150

Chris Skinner

MAY 23, 2017

Commissioned by the Financial Conduct Authority (FCA), the UK regulator, the aim was to identify how Industry Sandboxes, rather than Regulatory Sandboxes, can help to create new services in finance. Every year, the guys summarise the state of the FinTech world and this year’s analysis clearly shows the Asian Tigers rising.

Fintech 202

Fintech Innovation Compliance Industry 202

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

Abrigo

APRIL 19, 2016

In a recent whitepaper (download), the regulator outlined the general approach it will take as it evaluates innovative products, services and processes that OCC-regulated banks may offer or perform. The product complies with laws and regulations, particularly those aimed at protecting consumers. Support responsible innovation.

Innovation 150

Innovation Fintech Risk Management Community Bank 150

PYMNTS

FEBRUARY 5, 2020

The Merchants’ Guide to Navigating Global Payments Regulations , powered by Ekata, dives deep into this complex and unsettled topic, from possible abrupt retail impacts to long-term open banking repercussions. The General Data Protection Regulation (GDPR) turns two in May, and just like a toddler, it’s messing things up­ (for some).

Google 288

Google Data Regulation social media 288

Chris Skinner

FEBRUARY 5, 2017

A summary of the main blogs of the week … The Semantic Regulator (#RegTech Rules) A bank has to make a regulatory change every 12 minutes. I guess that’s because there are a lot of FinTech startups focused on the B2B2C structures like Leveris, Thought Machine, Solaris, RailsBank, ClearBank, CBW and more. That’s some task.

Regulation 150

Regulation Millennials Conference Maine 150

Chris Skinner

JUNE 21, 2017

What strikes me most is that millennials tend to be the ones creating and leading many of the FinTech start-ups like the Collinson brothers at Stripe (28 and 26 years old), Ollie Purdue of Loot (23 years old) or Edward Maslaveckas, CEO and co-founder of Bud (26 years old). appeared first on Chris Skinner's blog.

Millennials 248

Millennials Leadership Fintech Compliance 248

Abrigo

FEBRUARY 23, 2022

Furthermore, given the rise of fintech firms chasing the SMB segment, borrowers have alternative sources of funding. Investing excess time and resources in a traditional underwriting process for loans destined for declination is inefficient and increases the potential for compliance risk. . Streamline the Process. keep me informed.

Lending 195

Lending Community Bank Community Analysis 195

PYMNTS

JUNE 26, 2019

Despite the compliance deadline being set back in 2015, many banks that offer application programming interfaces (APIs) to third-party providers and FinTech firms are still unprepared for SCA. Regulations can build trust and goodwill, though. Banks Competing with FinTechs. Merchant partners are also getting up to speed.

California 109

California Regulation Fintech Data 109

Abrigo

DECEMBER 20, 2021

If your CDD program is not intact, now is the time to tighten things up and watch for new regulations. and CDD will be top of regulators' minds for some time. A strong culture of compliance was clearly lacking at CBOT, as evidenced by this consent order. How to Establish Quality Fintech Partnerships. You should take note.

Resources 195

Resources Texas Analysis System 195

PYMNTS

OCTOBER 6, 2016

Rather, she pointed to the competitive spirit of FinTech and argued that SWIFT is focusing on improving the infrastructure that corporates and FIs need to improve global payments — not on what she described as the FinTech hype sweeping the market. ” The FinTech boom is loud and growing louder. .

Innovation 188

Innovation Payments Fintech New York 188

CFPB Monitor

AUGUST 21, 2018

See our legal alert and blog posts ( here and here ) for a discussion of other portions of the Treasury’s report.) Following is a graphic from the report identifying the similarities and differences between bilateral/partnered API and open API arrangements. Other financial regulators should support data aggregation. to 1 p.m.

Data 84

Data Report Regulation Security 84

ABA Community Banking

NOVEMBER 25, 2015

Fintech players discuss regulation. Compliance people should talk about innovation Management Lines of Business Technology Compliance Blogs UNconventional Wisdom Compliance Management. But it shouldn’t be.

Innovation 40

Innovation Compliance Regulation Fintech 40

William Mills

SEPTEMBER 9, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. An App Store for FinTech applications. I believe SEC regulations require a company to go public if they have more than 500 shareholders. Addresses compliance, fraud experience and customer experience analytics. Regulated Financial Institution.

social media 40

social media ATM Mobile Customer Experience 40

CFPB Monitor

SEPTEMBER 17, 2018

Our podcasts will feature attorneys who focus on every facet of the consumer finance industry—from new product development and emerging technologies to regulatory compliance and defense of government regulatory enforcement actions and private litigation. A new podcast will be available each Thursday.

Lending 60

Lending Apple Google Compliance 60

PYMNTS

MARCH 14, 2018

” Oliver was discussing cryptocurrencies and blockchain on his show, highlighting the massive potential the world of FinTech has touted for the last year or so. The same innovations that power crypto-assets can also help us regulate them,” said Christine Lagarde in an IMF blog post Tuesday, according to CoinDesk reports.

blockchain 129

blockchain cryptocurrency Regulation Taxes 129

Accenture

NOVEMBER 6, 2017

Nearly two-thirds of North America banks say that implementing Open Banking is critical to remaining relevant and competing with new entrants, such as fintechs and tech giants like Google, Apple, Facebook and Amazon. The post Banks decide whether Open Banking will be the rose or the thorn appeared first on Accenture Banking Blog.

America 151

America Customer Experience Data Apple 151

Insights on Business

OCTOBER 15, 2018

IBM developed it last year to engage the community of banks and fintechs interested in the emerging ecosystem of open banking standards. Agility: Customers expect great digital services, and it is imperative for companies to develop or partner with suitable fintechs to help them launch new products. IBM at Sibos 2018.

Payments 96

Payments Security Fintech Examples 96

Fintech Labs Insights

MAY 24, 2017

Highlighting the fact that regulation is a key barrier to growth for banks, a post at the Trulioo blog earlier this month underscored how important it was for FIs to leverage technology to meet these challenges. ” The possibility of smaller, more effective compliance teams is another advantage that cannot be overlooked.

Compliance 21

Compliance UX User Experience Fraud 21

CFPB Monitor

FEBRUARY 13, 2017

The FTC has sent its annual letter to the CFPB reporting on the FTC’s activities related to compliance with the Equal Credit Opportunity Act and Regulation B. Fintech forum. The FTC has authority to enforce the ECOA and Reg B as to nonbank providers within its jurisdiction.

Report 68

Report Big Data Lending Survey 68

Insights on Business

JULY 30, 2019

As I’ve noted in previous blogs , attitudes toward improving the way financial institutions handle financial crimes are changing. As I’ve noted in previous blogs , attitudes toward improving the way financial institutions handle financial crimes are changing. Changing views on AI are an opportunity for improvement.

Study 107

Study Survey Regulation System 107

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. Also see our related blog post, A new era of technology enabled financial risk management. And by “transformation.”

Risk Management 70

Risk Management Analytics Technology Management 70

Insights on Business

OCTOBER 17, 2018

Starting now and running through the event, I will update and revise this blog several times a day with news, announcements, videos, and blogs live from the floor at Sibos. I will be removing them from this blog in a few days as they will fill up quickly and the invitation will no longer be available. First come, first serve.

blockchain 110

blockchain Video Compliance Meeting 110

Insights on Business

SEPTEMBER 18, 2016

Some forward-looking banks, – and even more third-party providers (TPPs) and financial services technology companies (FinTechs) are embracing the directive as an opportunity to gain a competitive edge, retaining and gaining customers through value-added services. See my previous API blogs.) Value-Added Services = Profits for Banks.

Marketing 70

Marketing Payments Compliance Security 70

FICO

JANUARY 31, 2019

Is there hope that artificial intelligence and machine learning approaches might soon “square the circle” of delivering superior pattern recognition and prediction, while also adhering to regulatory compliance? Compliance with these requirements requires explanations for decisions reached through AI models.

Philadelphia 40

Philadelphia Case Study Compliance Lending 40

Insights on Business

JULY 30, 2019

As I’ve noted in previous blogs , attitudes toward improving the way financial institutions handle financial crimes are changing. As I’ve noted in previous blogs , attitudes toward improving the way financial institutions handle financial crimes are changing. Changing views on AI are an opportunity for improvement.

Study 79

Study Survey Regulation System 79

Insights on Business

OCTOBER 11, 2018

It’s this digital-agility layer that would connect to the internal core systems as well as provide external APIs to connect various fintech solutions and other financial institutions within an open banking platform approach. Stay tuned for more blogs on Sibos 2018! IBM at Sibos 2018. Visit the IBM booth (#F22) at Sibos.

Meeting 111

Meeting Customer Experience System Guidelines 111

Insights on Business

APRIL 5, 2018

As the financial services industry continues to be disrupted by smaller, agile fintech startups, long-established financial institutions are looking for ways to keep pace. Read the latest ideas and insights for financial professionals on the Morningstar Blog here. Learn more about the Morningstar Portfolio Statistics API here.

Operations 102

Operations Analytics Software Data 102

FICO

JUNE 1, 2023

Home Blog Feed test Artificial Intelligence: From Hollywood to the Mainstream Artificial intelligence has gone from Hollywood concept to an everyday fact. AI that is biased, unexplainable and/or producing incorrect or inconsistent results can result in regulatory and compliance concerns for any financial institution unlucky enough to use it.

Training 59

Training Fraud Customer Experience South Carolina 59

Insights on Business

MAY 2, 2019

Through our many daily interactions we have been witness to a wave of patterns forming that are changing the face of governance, risk and compliance (GRC). As such, organizations are coming to the conclusion that they need a consistent, cross-discipline, cross-process view of risk and compliance.

Compliance 98

Compliance System Analytics Data 98

Insights on Business

SEPTEMBER 21, 2018

I also encourage you to hear from some IBM executives on how digital economy is driving new opportunities and regulations in the financial services industry. Building Blocks for a Fintech world: A hands-on workshop of functionality and APIs. Stay tuned for more blogs on Money20/20 ! The Future of Payment Fraud Prevention.

Conference 115

Conference Customer Experience Industry Trends 115

Fintech Labs Insights

FEBRUARY 14, 2017

What happens when you give fintech nerds a healthy dose of wine and cocktails over the course of 4 hours? You get honest opinions about what is new and next in fintech. At the fintech cocktail club, we played a scientific game of Hot or Not (if you’re younger than 30, think of it as Fintech Tinder ). Rank: red hot.

Fintech 17

Fintech Trends Lending blockchain 17

Abrigo

JUNE 12, 2023

You might also like this webinar, " AML Compliance and Sanctions Requirements for Non-Bank Financial Institutions. The money transmitter industry is growing, spiked by advances in fintech and the consumer demand for immediate payment mechanisms. WATCH NOW Takeaway 1 The number of money transmitters grew by 13% in 2021 in the U.S.

Compliance 195

Compliance Fraud Regulation Guidelines 195