PYMNTS

FEBRUARY 18, 2019

trillion a year, reported Mansion Global, citing data from Accuity, a global risk and compliance company. Money laundering through real estate is about $1.6 Patrick Hinchin, vice president of commercial strategy at Accuity, said in the report that money laundering through real estate is becoming more common in Australia, America and the U.K.

Las Vegas 182

Las Vegas San Antonio San Diego Fort Worth 182

PYMNTS

DECEMBER 29, 2016

A paper published by Boston Consulting Group (BCG) described today as a critical moment in banking history as players face pressure from alternative players and corporate clients that demand newer, better services. The time for this radical shift is now,” Boston Consulting Group declared.

Security 181

Security Fintech Boston Fraud 181

Insights on Business

FEBRUARY 6, 2018

For example, financial intelligence regulator Austrac handed gaming giant Tabcorp a fine of AUD 45 M (USD 35 M) for non compliance, the highest ever civil penalty in corporate Australian history. The current approach to compliance management is not sustainable. Regulatory fines imposed in 2017 alone proved this to us in many ways.

Compliance 87

Compliance Analytics Boston Regulation 87

PYMNTS

APRIL 4, 2019

Boston Children’s Hospital has long believed that voice technology has the potential to substantially improve the healthcare experience for both consumers and clinicians,” said John Brownstein, chief innovation officer of Boston Children’s Hospital.

Boston 151

Boston Management Innovation Technology 151

PYMNTS

JANUARY 19, 2017

Attorney William Weinreb in Boston said in a statement, according to Reuters. State Street agreed to improve compliance at the firm and keep a corporate monitor as part of the deal. Under the terms of the settlement, State Street agreed to pay $32.3 million and an equal amount to the U.S. Securities and Exchange Commission.

Boston 100

Boston Compliance Security Management 100

Abrigo

JULY 25, 2023

How offering FedNow instant payments affects fraud & AML/CFT compliance What financial crime staff can do to prepare fraud and AML functions for implementing the FedNow Service for instant payments. Would you like other articles on fraud and AML/CFT compliance in your inbox? How to accept.

Fraud 195

Fraud Payments Security Resources 195

CFPB Monitor

JANUARY 28, 2019

Fiene has more than 31 years of experience in regulating financial services companies, including 27 years dedicated to supervising and examining compliance with federal consumer financial laws and regulations. Fiene joined the CFPB in 2011. Marisol Garibay will serve as the Acting Chief Communications Officer.

Leadership 60

Leadership Boston Policies Regional 60

PYMNTS

APRIL 6, 2016

Then, according to the indictment, the duo hid the trades from both the clients and the compliance staff within the bank. The commissions came despite alleged written instructions that those clients were not to be charged commissions. In a statement by Carmen Ortiz, U.S.

Fraud 100

Fraud Massachusetts Boston Security 100

CFPB Monitor

AUGUST 12, 2015

The American Banker reported earlier this week that Steven Antonakes, the former CFPB Deputy Director, has joined Eastern Bank in Boston as a senior vice president and chief compliance officer. According to the article, the bank has $9.6 billion in assets.

Boston 60

Boston Compliance Meeting Report 60

PYMNTS

NOVEMBER 5, 2019

As Boston-based Flywire’s President and COO, Orgel will oversee its global payment network, business operations, finance, legal, compliance, and corporate strategy and development. While there, Orgel was most recently involved in the launch of the new Apple Card. Flywire announced his appointment Tuesday (Nov.

Apple 152

Apple Leadership Customer Experience Boston 152

PYMNTS

JANUARY 13, 2020

trillion gap in available trade finance, non-bank players have flooded the market to address the demand — and introduce efficiencies to an area of finance that has historically been bogged down by paper, manual processes and burdensome compliance requirements. However, the trade finance arena is not without its controversies and concerns.

Regulation 140

Regulation Tools Strategy Compliance 140

CFPB Monitor

OCTOBER 26, 2016

In his remarks at the Mortgage Bankers Association’s annual meeting in Boston on October 25, Director Cordray signaled that mortgage servicing will continue to be a focus of CFPB supervisory and enforcement activity, with the CFPB taking a rigorous approach to compliance. .

Compliance 60

Compliance Boston Training System 60

Payments Source

MAY 22, 2017

are facing claims by Universal Secure Registry, a small Boston-area company, that their mobile-payment partnership infringes four of its patents. and Visa Inc.

Apple 60

Apple Boston Mobile Security 60

Payments Source

MARCH 15, 2017

The surge of students seeking an overseas education in recent years powered rapid growth for Flywire, a Boston-based payments technology firm that handles cross-border tuition payments. It must now test whether the global network it built can serve the B-to-B market as well.

Boston 60

Boston Company Payments Technology 60

Abrigo

AUGUST 6, 2019

At the recent NYU Law Program on Corporate Compliance and Enforcement , FinCEN Director Kenneth A. FinCEN is committed to addressing compliance failures that put our financial system and national security at risk. Financial Institution Response : Virtual currencies are a growing money laundering concern, and they are not going away.

System 264

System Las Vegas San Antonio San Diego 264

Fintech Labs Insights

JUNE 6, 2016

Quantopian announced on Friday that Derek Meisner (pictured) had joined the company as General Counsel and Chief Compliance Officer, to help build what Quantopian CEO John Fawcett called a “compliance and operational infrastructure” as the company prepares to take its hedge fund to the public. The company has raised $23.8

Compliance 12

Compliance San Francisco Boston Washington 12

Celent Banking

OCTOBER 5, 2016

Its seriousness brought into stark relief by the $81mm Bangladeshi incident (something my cab driver in Boston asked about on the way to the airport!), Nothing about Sibos can be exhaustive, but three key areas stood out: Cyber, PSD2, and Open Banking / APIs. Cyber was the first topic mentioned in the opening plenary address.

Boston 200

Boston Conference Course Strategy 200

CFPB Monitor

SEPTEMBER 21, 2015

Engel, Research Professor, Suffolk University Law School, Boston, Mass. Allen, Chief Compliance Officer, Bank of American Fork, American Fork, Utah. Quick, Vice President of Compliance, First Hope Bank, N.A., Katey Proefke – Assistant Vice President of Compliance, Chevron Federal Credit Union, Oakland, Calif. Kathleen C.

Groups 60

Groups Los Angeles San Francisco Community Bank 60

CFPB Monitor

AUGUST 22, 2016

Chi Chi Wu, Staff Attorney, National Consumer Law Center, Boston, MA. Cal Ratcliff, Senior Vice President, Chief Compliance Officer, Bank of North Carolina, High Point, NC. Ricardo Ledezma, Corporate Compliance Assurance Manager, San Antonio Federal Credit Union, San Antonio, TX. Community Bank Advisory Council Members.

San Antonio 60

San Antonio Kansas City Groups CA 60

Celent Banking

MARCH 4, 2017

We will be announcing all winners publicly on April 4 at our 2017 Innovation & Insight Day in Boston. In the end, we are excited and confident about our selection of winners in the above categories, yet we are sorry that we could not recognize so many others that clearly also deserve recognition.

Risk Management 100

Risk Management Fraud Management Case Study 100

ForwardBanker

JULY 26, 2016

This past week in Boston, the Shared Assessments Program Steering. Slow moving boats, relaxing fishing in normal idyllic mid-summer breaks have been swept aside by a flurry of activity within the sea of third party risk. The post Casting the net for third party risk appeared first on Deluxe FI.

Boston 28

Boston Risk Management Compliance Management 28

PYMNTS

OCTOBER 22, 2018

fans traveling to Boston for the start of the World Series will want to pack — and possibly purchase for the first time — sweaters, as this week will be an excellent opportunity to enjoy New England’s crisp fall weather. They refuse to sit down and have a discussion,” he said. We continue to work closely with the regulator towards this.”.

Data 134

Data Fraud Cards Regulation 134

Gonzobanker

SEPTEMBER 28, 2017

Industry-specific tech talent is consolidating and migrating to programmer and megabank community hotspots in San Jose, Seattle, San Francisco, Boston, Raleigh, Charlotte, Atlanta and Phoenix. Attracting and keeping technology talent at a regionally based financial institution is a constant struggle. Maintenance and Speed to Updates.

Data 74

Data How To San Jose San Francisco 74

Independent Banker

JANUARY 31, 2022

2022 will be a big year as we move from development to pilot testing and begin to engage more with financial institutions in active planning,” says Nick Stanescu, senior vice president, FedNow business executive, the Federal Reserve Bank of Boston. “We payment system.”. The pilot experience.

Community Bank 91

Community Bank Community Resources Fraud 91

Fintech Labs Insights

JULY 27, 2016

The company’s venture arm invested an undisclosed amount in the Boston-based company, adding t0 Quantopian’s $23.8 Last month the company added new Chief Investment and Compliance Officers before opening its hedge fund to outside investors. million in funding and marking one of the first investments for Point72 Ventures.

Boston 12

Boston Compliance Community Management 12

PYMNTS

APRIL 16, 2018

That putting what is now the inevitable regulatory screws to social media platforms will impose unwieldly compliance costs on every player, making it harder for new players to emerge and scale, and thereby strengthening Facebook’s position. Why has the weather been so crappy for the Boston Marathon for the last 10 years?

Google 121

Google Data social media Branding 121

Fintech Labs Insights

NOVEMBER 14, 2016

Founded in 2011 and headquartered in Boston, Massachusetts, Quantopian demonstrated its technology at FinovateSpring 2013. The post Andreessen Horowitz Leads $25 Million Investment in Quantopian appeared first on Finovate.

Massachusetts 12

Massachusetts Boston Capital Compliance 12

Fintech Labs Insights

NOVEMBER 14, 2016

Founded in 2011 and headquartered in Boston, Massachusetts, Quantopian demonstrated its technology at FinovateSpring 2013. The post Andreessen Leads $25 Million Investment in Quantopian appeared first on Finovate.

Massachusetts 12

Massachusetts Boston Capital Compliance 12

NCR

JULY 27, 2016

Ahead of the actual Brexit vote, consulting firm Boston Consulting Group surveyed some 360 decision makers from banks in the UK, USA and Germany on what might happen if the British people actually did opt to leave the EU. None of this will be easy.

Survey 40

Survey Regulation Boston Industry 40

Gonzobanker

DECEMBER 17, 2021

Simultaneously the bank invested in Paladin Fraud, Trabian Technology, and Chartwell Compliance to provide compliance and risk management solutions in the complex and connected web of fintech partnerships. Before getting into banking, he started two tech companies in Asia and was a consultant at Boston Consulting Group.

Fintech 148

Fintech Strategy Leadership Lending 148

PYMNTS

JUNE 10, 2016

It’s not called the Passport app; it’s called the Boston app, so allowing the businesses to push their own brand has been a big deal in the past three years. Compliance and security are two big things for us,” Powers said. “We White-labelling has been a big thing,” Powers said. “It’s People want to own their brand.”.

Mobile 100

Mobile Payments Training Wisconsin 100

PYMNTS

DECEMBER 26, 2018

The financial industry has paid $321 billion in fines just through the end of last year, as estimated by Boston Consulting Group. Next-Generation Compliance and AML Solution. In the compliance industry, for example, a smart agent is associated with each customer, merchant, terminal, etc. Legacy AML Approaches Are Ineffective.

Compliance 191

Compliance System eBook Examples 191

Fintech Labs Insights

AUGUST 8, 2016

HQ: Boston, Massachusetts. Compliance Science. Compliance platform for financial institutions. Tags: Institutions, compliance, regulations. Total raised: $3.25 Source: Crunchbase. Latest round: $2.9 Total raised: $11.2 HQ: New York City. Source: FT Partners.

Company 12

Company Fintech New York City blockchain 12

Independent Banker

JULY 31, 2022

Connors notes that in Fitchburg, 40 miles west of Boston, he’s competing against Fidelity Investments and MFS on the financial services side, as well as a thriving high-tech corridor. We’re all competing for the same people, and a lot of the younger people want to live in Boston, so attracting young talent is a challenge,” he says.

Strategy 135

Strategy Community Bank Louisville Community 135

PYMNTS

JUNE 11, 2018

As banking services and products digitize, that means institutions have more data to handle – much, much more – impacting everything from compliance to customer relations. ” The implications of this are vast, too, including security issues, analytics capabilities, compliance and beyond; current infrastructure can rarely handle this.

Data 100

Data Management Analytics Compliance 100

Fintech Labs Insights

OCTOBER 19, 2015

HQ: Boston, Massecheusetts. Bitcoin compliance solutions. Total raised: $4.1 Source: Finovate. Real-time investment strategies. Latest round: $2.7 Total raised: $2.7 Source: FT Partners. Asset verification . HQ: Tallinn, Estonia. Latest round: $750,000. Total raised: $2.2 Source: Crunchbase. Scorechain. HQ: Luxembourg.

New York City 12

New York City Company Fintech New York 12

Independent Banker

SEPTEMBER 30, 2021

Another reason pen tests are increasingly common is that regulations and PCI compliance require banks to furnish annual pen test results. based security and compliance automation platform. People used to say, ‘It’s not the crime; it’s the cover-up,’” says Seth Berman, a partner at Nutter, McClennen & Fish LLP in Boston.

Community 139

Community Community Bank social media Security 139