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

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? Talk to your technology partners.

Fraud 195

Fraud Payments Security Resources 195

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

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

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

Financial criminals are working hard, using technology and innovation to their advantage, to stay one step ahead of FinCEN and financial institutions. At the recent NYU Law Program on Corporate Compliance and Enforcement , FinCEN Director Kenneth A. He further stated that we must be responsible with such innovation. The 12 major U.S.

System 264

System Las Vegas San Antonio San Diego 264

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!), Banks are thinking through what they need to do to comply, as well as what their strategies should be once they’ve implemented the necessary (and not inconsequential) technology changes.

Boston 200

Boston Conference Course Strategy 200

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

Celent Banking

MARCH 4, 2017

Process Automation – for the most effective deployment of technology to automate business processes or decision-making. A common theme across this year’s submissions for the above categories is the importance of agile technology, digital process automation, and consistent and focused practices across the organizations.

Risk Management 100

Risk Management Fraud Management Case Study 100

Gonzobanker

SEPTEMBER 28, 2017

A decade ago, many financial institutions were bringing as much technology as possible in-house as a way of controlling their destinies and customizing their core platforms and data warehouses. In the cloud” is common technology vendor-speak for ASP, service bureau, outsourcing, pay-per-click, and a variety of other delivery models.

Data 63

Data How To San Jose San Francisco 63

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. Brandon Dewitt, MX co-founder and chief technology officer. Tom Sargent, CEO, First Technology Credit Union.

Fintech 147

Fintech Strategy Leadership Lending 147

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 Finding the right technology partner may be a central part of community bank planning.

Community Bank 91

Community Bank Community Resources Fraud 91

PYMNTS

JUNE 10, 2016

According to Brad Powers, Passport’s CTO, none of it would be possible without mobile payment technology. In fact, he said, without the rise of mobile payment technology, most parking apps would have never gotten off the ground. Compliance and security are two big things for us,” Powers said. “We Getting users involved.

Mobile 100

Mobile Payments Training Wisconsin 100

Fintech Labs Insights

NOVEMBER 14, 2016

. “Quantopian has a chance to really disrupt this industry by bringing a distributed contributor approach to finance,” Andreessen Horowitz general partner Alex Rampell said, “harnessing technology to educate and empower the greatest minds around the world.”

Massachusetts 12

Massachusetts Boston Capital Compliance 12

Fintech Labs Insights

NOVEMBER 14, 2016

. “Quantopian has a chance to really disrupt this industry by bringing a distributed contributor approach to finance,” Andreessen Horowitz general partner Alex Rampell said, “harnessing technology to educate and empower the greatest minds around the world.”

Massachusetts 12

Massachusetts Boston Capital Compliance 12

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. As a result, anti- money laundering (AML) has been occupying the headlines as of late. Legacy AML Approaches Are Ineffective. Unsupervised Learning.

Compliance 191

Compliance System eBook Examples 191

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. Next, the role of technology will be particularly interesting. None of this will be easy.

Survey 40

Survey Regulation Boston Industry 40

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

AUGUST 8, 2016

The total value of deals this week was $206 million, with half ($100 million) going to Canadian blockchain technology provider Blockchain Intelligence. . Alkami Technology. Digital banking technology. HQ: Boston, Massachusetts. Compliance Science. Compliance platform for financial institutions. million Seed.

Company 12

Company Fintech New York City blockchain 12

Independent Banker

JULY 31, 2022

Use technology to drive down costs. Adkins agrees that using technology to streamline backroom processes is a golden opportunity that’s not always seized. “I 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

Independent Banker

SEPTEMBER 30, 2021

Building trust in your institution has a lot to do with technology, from implementing strong data security practices to humanizing your online customer interactions. However, Silsby says technology also can free up time for employees to have more meaningful interactions. Use these 3 technologies to safeguard customer data.

Community 139

Community Community Bank social media Security 139

CB Insights

OCTOBER 26, 2020

At the same time, financial upstarts have built technologies that could eventually cut into the relationship-driven work that investment banks are used to doing. But there’s no question that the way these institutions function has shifted, pushed along especially by the financial crisis and technology trends. Table of contents.

Management 78

Management Capital Company Marketing 78

William Mills

MAY 11, 2016

Race Data brought bank client on stage who is thrilled with the product, he also states that the technology gives context to bank call center employees as well. ^KT. Katerina Frolovicheva (MD, Technologies Innovations). This certainly adds a lot of technological capacity to the community bank. Ijeoma (EJ) Onuosa (Founder).

Video 40

Video Mobile social media Analytics 40

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. One technology startup, Devo, secured $25 million for its products and services in this market. The financial stakes are very high,” he added.

Data 100

Data Management Analytics Compliance 100

Fintech Labs Insights

OCTOBER 19, 2015

HQ: Boston, Massecheusetts. Real estate technology. 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: Oklahoma City. Latest round: $1.5 Total raised: $3.25 Source: Crunchbase. Latest round: $1.37

New York City 12

New York City Company Fintech New York 12

Fintech Labs Insights

JANUARY 18, 2016

Blockchain technology for securities. HQ: Boston, Massachusetts. Tags: Enterprise, investing, trading, risk management, security, compliance. Latest round: $7 million Debt. Total raised: Unknown. HQ: Surrey, British Columbia, Canada. Source: Crunchbase. Latest round: $7 million. Total raised: $7 million. HQ: New York City.

Company 12

Company New York City Fintech San Francisco 12

CB Insights

DECEMBER 11, 2017

Boston-based Cybereason is close to reaching Unicorn status. RISK & REGULATORY COMPLIANCE. Formation 8, Data Collective, Initialized Capital, ABB Technology Ventures. Prelude Ventures, Technology Acceleration Partners, Prolog Ventures. Chevron Technology Ventures, Frost Data Capital, Shell Technology Ventures.

Industry 78

Industry Capital Compliance Analytics 78

William Mills

MAY 9, 2018

Again another financial wellness platform using machine learning technology. HQ: Boston, MA. A TON of really old technology is being used in mortgage lending. In fact, Fiserv recently sold ALL of their mortgage technology to a PE firm. Info: Fiserv is a leading global leader in financial services technology solutions.

Security 40

Security Samsung Strategy San Jose 40

CB Insights

JULY 23, 2020

In this report, we dive into some of the technologies that will help address these concerns and influence the future of the office space, from autonomous cleaning solutions to people-counting sensors. Here are some of the new considerations and technologies that may impact each part of Rachel’s working day. Source: Elenium Automation.

Meeting 101

Meeting Tools Survey Company 101

Fintech Labs Insights

OCTOBER 2, 2016

Its BiSang Hackathon (“BiSang” is Korean for “Quantum Leap”) is devoted to global startups and developers, with the goal of helping JBFG discover potential collaborators to provide “innovative services and technologies to the financial and banking worlds.” Milestones.

Fintech 12

Fintech Case Study Boston blockchain 12

Fintech Labs Insights

JULY 17, 2015

Regulatory compliance solutions for new account opening. Source: Boston Business Journal. MDX Technology. Tags: Underwriting, risk management, compliance, investing, enterprise, B2B. In total, 20 companies raised $294 million, all in equity (as far as we know). HQ: Dublin, Ireland. Latest round: $75 million.

Fintech 12

Fintech Company San Diego Los Angeles 12

PYMNTS

DECEMBER 7, 2018

Venture capitalists and equity investors targeted companies that apply big data technologies, including artificial intelligence, to an array of use cases, including fleet and manufacturing — leading to more than $322 million raised for B2B startups this week. Cross River Bank. Cross Creek Advisors and previous backers also participated.

Analytics 176

Analytics Data Capital Software 176

Fintech Labs Insights

AUGUST 1, 2016

HQ: Boston, Massachusetts. Blockchain technology. Tags: SMB, entreprise, leasing, accounting, managment, compliance. Source: Crunchbase , Finovate. Goji (formerly Consumers United). Consumer insurance portal. Latest round: $19 million. Total raised: $89 million. Source: FT Partners. D3 Banking. Banking platform.

Company 12

Company Fintech New York City Lending 12

PYMNTS

JANUARY 7, 2019

In other words, pay no attention to the notion that voice assistants are these clunky, friction-filled technologies that have reached their peak. The Ted Williams Tunnel in Boston, by contrast, gets me far less excited, even though I use it a lot. Roughly 55,000 vehicles use it to get in and out of Boston every day.

Mobile 205

Mobile Innovation Apple Study 205

Fintech Labs Insights

AUGUST 23, 2016

Stored value technology. HQ: Boston, Massachusetts. Tags: Institutions, developers, storage, IT, security, compliance, HSBC (investor). Latest round: $15 million Series B. Total raised: $23.3 HQ: Tokyo, Japan. Source: FT Partners. Qwikcilver. Latest round: $10 million. Total raised: $20 million. HQ: Bangalore, India.

Company 12

Company Los Angeles Fintech Fort Worth 12