Perficient

SEPTEMBER 16, 2022

Legal status – There is some question regarding the legal status of many crypto-assets – is it a security, is it fungible, is it a derivative – as well as the very limited legal precedent regarding how crypto-assets would be treated in varying contexts, including, for example, in bankruptcy court. Determining Legality. Financial risk.

Compliance 275

Compliance Risk Management System Regulation 275

Perficient

MAY 27, 2022

However, in this blog, we will discuss the regulatory landscape surrounding cryptocurrency from an asset manager or fund manager perspective. We’ll then move to the federal level, seeking regulatory guidance as to whether digital tokens are securities under the jurisdiction of the U.S. Central Bank Digital Currency (CBDC) ).

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

CFPB Monitor

JUNE 30, 2022

Of special note, the OCC also believes compliance risk is “heightened” for Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and Office of Foreign Assets Control (OFAC) compliance because of world events and compliance staffing concerns. BSA/AML Compliance Risks. Cybersecurity Risks.

Compliance 78

Compliance Fraud Technology Operations 78

Abrigo

JULY 13, 2023

Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. Massive financial losses can destabilize their operations, impact profitability, and harm their reputation. billion in fraud losses in 2022.

Fraud 195

Fraud cryptocurrency Training social media 195

Abrigo

JANUARY 24, 2024

These failures were primarily brought on by liquidity concerns around bank stability from severely decreased values of bank security portfolios and inadequate equity to absorb the hit. The increase is not only due to the projected rise in problem banks but also in response to three significant bank failures in 2023.

FDIC 195

FDIC Regulation Strategy Data 195

PYMNTS

DECEMBER 7, 2020

7) blog post that its new Payment Links service will “enable supply chain merchants to simplify and accelerate payment acceptance from corporate buyers.”. Business demand for remote payment options rose quickly over lockdown, as more firms reshaped their operations to enable a dispersed workforce,” Bermingham wrote.

Payments 163

Payments Compliance Cards Security 163

Insights on Business

FEBRUARY 1, 2019

To those working in the financial services industry, security is at the core of their business. The rise of artificial intelligence and machine learning might help protect business assets, but it is also making it easier for the bad guys to find holes in the security. Security is a big theme at IBM Think this year. Feeling safe.

Security 114

Security social media Video Policies 114

Abrigo

JULY 10, 2023

Here are several suggestions for tightening security. Takeaway 2 Improving security questions is a good step to take to avoid text-to-speech AI fraud schemes. As we harness the power of AI to enhance operational efficiency, detect patterns, and optimize decision-making processes, financial institutions must remain vigilant.

Fraud 150

Fraud How To social media Security 150

PYMNTS

DECEMBER 9, 2020

This includes building a governance framework to evolve technical, policy, compliance, security and operational standards for the issuing and use of fiat digital currencies and stablecoins.” .

blockchain 258

blockchain cryptocurrency Analytics Policies 258

Abrigo

NOVEMBER 17, 2023

Additionally, the human capital investment—in terms of both hiring fraud prevention experts and training existing staff—represents a significant operational expense. As overseers tighten the leash with stringent regulations aimed at protecting consumers, the cost of compliance grows. Find out how BAM+ stops fraud scams.

Fraud 195

Fraud Training Trends Compliance 195

Perficient

JANUARY 28, 2021

As we mostly are working remotely these days, securing your space when you’re not in the safeguards of the office walls are critical. Perficient places a high value on data security and has several processes and tools in place to protect colleague and client information, but what about the everyday person?

Data 535

Data Security Software Community 535

Insights on Business

FEBRUARY 1, 2019

To those working in the financial services industry, security is at the core of their business. The rise of artificial intelligence and machine learning might help protect business assets, but it is also making it easier for the bad guys to find holes in the security. Many banks are still operating with legacy systems and applications.

Security 70

Security social media Video Policies 70

PYMNTS

SEPTEMBER 22, 2020

20) accused Google of “arm-twisting” startups that depend on the Android mobile operating system. The company complained about Google’s market power in a Sunday blog post that gave the company’s perspective on Google’s temporary removal of a Paytm app from the Android store. Android reportedly runs 95 percent of smartphones in India.

Google 140

Google Policies Compliance Security 140

CFPB Monitor

OCTOBER 6, 2016

The memo identified four areas of improvement that, unless addressed, would otherwise hamper the CFPB’s ability to accomplish its strategic objectives: Ensuring an Effective Information Security Program. In the wake of the CFPB’s data security enforcement action against Dwolla, Inc. Maturing the Human Capital Program.

Security 60

Security Management Policies Training 60

Abrigo

NOVEMBER 9, 2020

Sound loan administration software or systems will generate accurate, timely information in a secure environment. A smooth, effective loan administration process is like the defensive line against unnecessary loan losses, given that it impacts operations from the time a loan is approved until it is off the bank or credit union’s books.

System 195

System Lending Software Risk Management 195

PYMNTS

APRIL 19, 2019

The big news in B2B FinTech investment this week came from Airbnb , which is bolstering its presence in the business travel market with new funding, while corporate card startup Brex also secured a prominent debt capital investment. Lyric plans to use the investment to expand its operations as it continues to focus on regulatory compliance.

Capital 174

Capital Lending Cards cryptocurrency 174

PYMNTS

DECEMBER 11, 2020

The company supports the full purchasing cycle with invoice integration and compliance auditing capabilities. India-based B2B eCommerce company SOLV secured an investment from SC Ventures , the companies announced this week, although they did not reveal the value of the funding. Modularbank. the company said.

Fintech 193

Fintech Capital Resources Technology 193

Abrigo

FEBRUARY 5, 2015

The IBM report recommends for institutions to invest in enterprise-wide compliance programs or solutions, and it purports that leading banks will use these investments to improve bank operations – not just comply. Blog Bank Credit Union'

Compliance 150

Compliance Software Community Bank Policies 150

Abrigo

JULY 20, 2017

AAR is the global leader for online news, product and innovation information on risk, compliance, and trading. Stress Testing By automating business loan operations with the products listed, banks and credit unions are able to make good loans faster and minimize risk. Loan Administration. Loan Decisioning. Relationship Manager.

Software 150

Software Report United States Compliance 150

Abrigo

DECEMBER 22, 2023

The most popular financial crime blogs in 2023 Check fraud, the SAFER Banking Act, and BSA exam topics were among Abrigo's top blogs on AML/CFT and fraud this year. Download now Takeaway 1 AML/CFT and fraud professionals often keep up to date on industry trends by reading Abrigo's blog.

Fraud 221

Fraud Training Compliance Trends 221

Cisco

DECEMBER 21, 2020

As you read in part one of this blog, due to the pandemic and the resultant exponential increase in digital transactions, Customer Experience is far more paramount than ever before, across all demographics. Streamline your operations: Will you be enabling developers to deploy infrastructure on demand? On multiple clouds?

Customer Experience 99

Customer Experience Innovation Policies Security 99

PYMNTS

OCTOBER 11, 2019

Targeting the middle market and large corporates, the company provides data analytics automation for fleet managers to obtain a holistic overview of operations, including mileage, damage, compliance, lease costs and more. XTransfer already operates in China, Hong Kong, the U.K., challenger bank Tide secured $54.3

Capital 169

Capital California Analytics Management 169

CFPB Monitor

OCTOBER 4, 2022

In this blog post, we highlight a stealth expansion of supervisory jurisdiction and focus on the CFPB’s findings in two key areas: Transcript withholding policies at institutional lenders (e.g. Last week, the CFPB issued a “ Student Loan Servicing Special Edition ” of Supervisory Highlights. Transcript withholding.

Policies 146

Policies Compliance Payments Training 146

Insights on Business

JANUARY 17, 2019

Digitally transforming operations, operating models and technologies to compete in a changing industry structure. Optimizing risk, compliance and security. Return soon to read more Think 2019 financial services blogs. Simply choose Banking, Financial Markets, Insurance under the Industry filter in the planner.

San Francisco 93

San Francisco CA social media blockchain 93

William Mills

MAY 11, 2016

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 2016. Diana Chin (HR & Operations). It’s all done through the smartphone, with bank-level security. Chip card reader for when customers are shopping online to improve security. Adds in Social security. Virtual reality?

Video 40

Video Mobile social media Analytics 40

Bank Innovation

APRIL 28, 2016

Bank Innovation INV, this blog’s fintech accelerator, is pleased to today to announce the six extraordinary startups that have been admitted to its inaugural class.

Innovation 150

Innovation Security Fintech Company 150

FICO

JUNE 30, 2016

Aggregation and effective use of this data are becoming key to meeting new compliance challenges, not to mention an opportunity to derive additional business value. My colleague recently wrote a blog post on IFRS 9, if you are interested in more details. The post New Compliance Asks: Is Your Risk Data Management Sound?

Compliance 45

Compliance Management Data Risk Management 45

William Mills

MAY 11, 2016

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 2016. This approach makes a lot of sense– but not sure if it would meet the governance and compliance considerations of most banks and investment management firms. ^SR 01:08 pm NuData Security – @NuDataSecurity – [link].

Video 40

Video Lending social media Analytics 40

Bank Innovation

JANUARY 18, 2017

Digital currency exchange Coinbase obtained a BitLicense from the New York Department of Financial Services, a grant that officially authorizes the exchange to operate (that is, to receive and transmit money and virtual currency) within the Empire State.

New York 150

New York Operations Bitcoin Compliance 150

Cisco

MAY 10, 2022

A modern digital infrastructure is needed to power this operational transformation milestone, however, managing the complexity of the IT estate requires a new approach and new solutions. Dan Nadir, Chief Product Officer at Theta Lake, discusses solving the security and compliance challenges of hybrid work.

Las Vegas 129

Las Vegas Industry Leadership Technology 129

William Mills

SEPTEMBER 9, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. Addresses compliance, fraud experience and customer experience analytics. Social media is a special challenge since social media was not created with compliance in mind. Our platform is open source, which makes it more reliable, innovative and secure.

social media 40

social media ATM Mobile Customer Experience 40

FICO

JANUARY 29, 2021

Fraud & Security - Conductor Brazil. Regulatory Compliance – Alfa Bank & Eurobank (tie). You can read more about our judges in this blog post. Ignazio Provinzano , head of risk operations at Swisscard (2019 winner. Customer Onboarding & Management – OCBC. Debt Management – ABSA & Cox Communications (tie). 2021 Judges. .

Meeting 98

Meeting Analytics Florida Fraud 98

FICO

JANUARY 28, 2022

Regulatory Compliance – Not Awarded. You can read more about our judges in this blog post. Armando Junior , general manager, risk and compliance at Dock (previous winner). Sibulelo Ncamani , head of operational risk and governance at Absa Bank (previous winner). Graham Rand , operational researcher and editor of Impact.

Meeting 52

Meeting Fraud Florida Compliance 52

Abrigo

JUNE 30, 2020

That required a range of adjustments to address safety and security risks. It has also required some operational changes that have been less than ideal. Changes required by bankers working from home. Instead, it advised financial institutions to communicate COVID-19-related concerns, such as timely filing, to www.fincen.gov.

Meeting 195

Meeting Training Conference Software 195

Insights on Business

JANUARY 4, 2018

In banking and in financial services generally, we’re seeing new technologies emerge every day, in both customer-facing and operational capabilities. Fintechs were nearly all born in the cloud and they operate with a nimbleness that enables them to serve customers very effectively. Banks want immediate scalability.

Customer Experience 156

Customer Experience Innovation Fintech System 156

Bank Innovation

JUNE 3, 2019

Bank, will participate in a fireside chat at Bank Innovation Build 2019, this blog’s event on best practices in banking innovation. Dominic Venturo, executive vice president and chief innovation officer at U.S. Bank Innovation Build will take place November 6-7 at Atlanta’s W Hotel Downtown. Register here.)

Innovation 170

Innovation Atlanta Industry social media 170

PYMNTS

FEBRUARY 14, 2018

Microsoft wants to explore how blockchain could impact the digital identity landscape and, according to the company’s blog , Microsoft Identity Division Director of Program Management Alex Simons and his team are taking a big step into this space. Blockchain Moves Beyond Testing Phase of Aid Funds Distribution.

blockchain 111

blockchain Compliance Mobile Technology 111