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 The time for this radical shift is now,” Boston Consulting Group declared. Fraud Prevention Remains Paramount.

Security 181

Security Fintech Boston Fraud 181

CFPB Monitor

FEBRUARY 17, 2021

companies regulated by the CFPB appear to take consumer issues reported to the Bureau seriously, and if any are slow to respond, it would be a small fraction of only 3% of CFPB-regulated entities. What does all of this mean for regulated financial institutions and financial services companies? Based on that statistic, U.S.

Regulation 78

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PYMNTS

NOVEMBER 16, 2018

While the previous purchase amount threshold varied by city, it’s now set at $300,000 for each metropolitan area, covering certain counties within the following major locations: Boston, Chicago, Dallas-Fort Worth, Honolulu, Las Vegas, Los Angeles, Miami, New York City, San Antonio, San Diego, San Francisco and Seattle.

Las Vegas 134

Las Vegas San Antonio Report San Diego 134

PYMNTS

OCTOBER 3, 2019

Malaysia Regulators Want To Slap Grab With $20M Fine. Beyond the fine, the regulator will reportedly charge the company $3,500 daily until it rectifies the situation. . Mastercard: Fraud-Fighting’s New Mantra — Test, Protect, Prevent . MyCC decided that Grab used its marketplace position to thwart any rivals.

Management 108

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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. As of September 2018, losses from gift-card fraud have hit $53 million. Some major U.S. However, a host of U.S.

Data 134

Data Fraud Cards Regulation 134

PYMNTS

JUNE 13, 2018

Commodity Futures Trading Commission (CFTC) has the power to fight fraud centered around cryptocurrencies. The CFTC pointed to a different case in March, in which a federal judge in Brooklyn ruled that virtual currencies can be regulated by the agency as a commodity. To date, the CFTC has filed eight cryptocurrency-related cases. “It

cryptocurrency 100

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PYMNTS

NOVEMBER 15, 2019

regulators that it still has ongoing problems processing high-value payments despite more than three years of remediation efforts. Amazon To Build $40M Robotics Innovation Hub Near Boston. Apple Pay Competition Practices Eyed By EU Regulators. The branding will reflect the financial institutions and not Google.

Google 139

Google Payments Apple cryptocurrency 139

Insights on Business

FEBRUARY 6, 2018

Banks around the world are continuing to be penalized heavily for their inability to meet with ever-changing and complex financial regulations. 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.

Compliance 87

Compliance Analytics Boston Regulation 87

PYMNTS

APRIL 2, 2018

According to a press release issued by the SEC, the regulator contends Liberty engaged in a scam to trick hundreds of investors into funding his shell companies instead of Mozido. The prospect of investing in a non-public startup company may hold considerable allure, but buyers need to understand what they are buying.

Boston 126

Boston Security Fintech Maine 126

Independent Banker

JULY 31, 2022

Regulators made no bones about the fact that a number of additional rate hikes are likely to happen this year. Banks that lack proper controls are liable, contends Ghiglieri, to internal and external fraud losses—as well as litigation expenses and regulatory penalties. Play the long game.

Strategy 135

Strategy Community Bank Louisville Community 135

Celent Banking

FEBRUARY 28, 2017

Capabilities include accelerated check clearing, enhanced mobile wallets, simplified fraud controls, and streamlined charitable donations. While some banks are rolling out Open API development portals in response to regulations like PSD2, the Model Bank candidates in this category are using APIs to improve the customer experience.

Innovation 100

Innovation Lending Boston Trends 100

Celent Banking

FEBRUARY 28, 2017

Capabilities include accelerated check clearing, enhanced mobile wallets, simplified fraud controls, and streamlined charitable donations. While some banks are rolling out Open API development portals in response to regulations like PSD2, the Model Bank candidates in this category are using APIs to improve the customer experience.

Innovation 100

Innovation Lending Boston Trends 100

Abrigo

AUGUST 6, 2019

Like other FinCEN advisories, they contain common typologies, red flags to look for, and guidance on complying with FinCEN regulations to address those threats and vulnerabilities. FinCEN has issued numerous advisories concerning the corruption in Venezuela, as well as Nicaragua and Iran. The 12 major U.S.

System 264

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PYMNTS

NOVEMBER 18, 2018

Combined, the two raised $27 million selling tokens to investors. According to the SEC’s orders, both CarrierEQ (Airfox) and Paragon Coin conducted ICOs in 2017 after the SEC warned that ICOs can be securities offerings.

Security 151

Security Boston cryptocurrency blockchain 151

PYMNTS

JANUARY 17, 2018

The industry paid $321 billion in fines just through the end of last year, estimated Boston Consulting Group. Regulation and technology must go hand in hand to combat the bad guys. Adjaoute noted that banks invest billions around the world to comply with existing rules and regulations — and scramble when the playing field shifts.

System 102

System Technology Boston Data 102

PYMNTS

MARCH 17, 2017

With blizzard Stella faded like Blanche Dubois’ southern charm, Boston still had its winter chill. They also face an uncertain future, as regulatory futures remain uncertain and at least one federal regulator seems determined to put them out of the marketplace. Til next year — perhaps by then spring will finally come to Boston.

Innovation 103

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PYMNTS

OCTOBER 20, 2018

The traditional gift for a ninth anniversary is pottery, and our offices are in Boston – but, you know, no pressure.). All ideas, even really good ideas, have unintended consequences – in innovation, in regulation and in deployment – and one person’s brilliant idea can be another’s big problem in the making.

Innovation 177

Innovation Payments Cards Retail 177

Cisco

MAY 29, 2019

And it’s not just about happy customers… Boston Consulting Group data indicates personalizing customer journeys can lead to a 10-30% increase in revenue. Customers will inevitably face data breaches, identity theft, and fraud. In a world where customers can access sensitive information from anywhere, security vulnerabilities abound.

Customer Experience 72

Customer Experience Retail San Diego Study 72

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. 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. What can community banks do if it happens to them?

Community 139

Community Community Bank social media Security 139

PYMNTS

JANUARY 20, 2020

regulators have levied $126 million in fines for data violations since mid-2018, Google CEO Sundar Pichai calls for international cooperation in artificial intelligence (AI) governance and U.K. UK Regulators’ Data Violations Fines Top $126.5M. Regulators in the U.K. In today’s top payments news, U.K.

Google 130

Google Regulation Data Boston 130

Cisco

MAY 29, 2019

And it’s not just about happy customers… Boston Consulting Group data indicates personalizing customer journeys can lead to a 10-30% increase in revenue. Customers will inevitably face data breaches, identity theft, and fraud. In a world where customers can access sensitive information from anywhere, security vulnerabilities abound.

Customer Experience 48

Customer Experience Retail San Diego Study 48

PYMNTS

NOVEMBER 9, 2020

there are indications that the opening of data flows between financial services companies has led to strong innovation (and demand for that innovation), and more regulation may loom. the Federal Reserve Bank of Boston said, “To date, U.S. But regulators may have to take a more hands-on approach as data sharing comes into focus.

Fintech 285

Fintech Data Regulation Innovation 285

PYMNTS

FEBRUARY 18, 2019

We had roughly 340 execs register to listen live to the two of us banter about the people, processes and tech necessary to do more than simply rebrand what’s typically described as the fraud and risk departments of digital platforms. And a platform for advertisers to, in turn, reach them. But wait a second.

Cards 169

Cards Course Study New York 169

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. However, Powers said, many times features that customers desire are precluded by different laws and regulations. White-labelling has been a big thing,” Powers said. “It’s

Mobile 100

Mobile Payments Training Wisconsin 100

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. The regulator and media pressure on overdraft fees has been a constant challenge to overdraft revenue. THE INDUSTRY TREND AWARDS.

Fintech 147

Fintech Strategy Leadership Lending 147

PYMNTS

JUNE 1, 2017

Angel Grant, director of product marketing and global marketing for RSA’s fraud prevention solutions, said that people have a pretty good sense of which information is most at risk and where it’s most likely to be stolen, but they’re not taking any extra steps to protect it.

Security 180

Security Report Fraud social media 180

CB Insights

OCTOBER 26, 2020

This regulation reduced trading profits and created a need to cut costs, spurring investment banks to spin off unprofitable divisions or eliminate them entirely. And across equity research and sales & trading, poor performances and new regulations have led to widespread layoffs as banks have figured out they can do more with less.

Management 78

Management Capital Company Marketing 78

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. Regulators admit that legacy AML solutions failed and they are encouraging banks to implement newer, more innovative approaches in this area.

Compliance 191

Compliance System eBook Examples 191

CB Insights

FEBRUARY 21, 2019

Blockchains operate through decentralized peer-to-peer platforms, building resilience against the spread of corrupted information and boosting resistance to fraud. The intended goal is a reduction in legal, accounting, and transaction costs, as well as a decreased risk of fraud and corruption. Title Management. Source: Ubitquity .

blockchain 78

blockchain Fraud Technology Management 78

CB Insights

JULY 23, 2020

Wellness checks are not fail-proof, especially considering the FDA’s loosening of regulations around thermal camera systems. Cybercriminals are increasingly focused on invoice and payment fraud schemes, which typically have higher dollar values than individual payroll schemes, increasing the stakes. Company name. Phone number.

Meeting 101

Meeting Tools Survey Company 101

CB Insights

NOVEMBER 9, 2017

And then there were some uncommon and more dramatic causes of failure, including: Financial fraud. The company also found itself confronted by conflicting energy program mandates and regulations. via Beta Boston. ” via Boston Globe. via Boston Magazine. A most-wanted founder. via GreenTech Media.

Capital 78

Capital Company San Francisco Operations 78

PYMNTS

JANUARY 7, 2019

Fewer than 5 percent of all FIs reported using AI – true AI – to personalize offerings to their consumers, manage fraud or even allocate resources to collecting debt from consumers with the capacity to repay. The Ted Williams Tunnel in Boston, by contrast, gets me far less excited, even though I use it a lot. From LA to San Francisco.

Mobile 205

Mobile Innovation Apple Study 205

CB Insights

OCTOBER 31, 2017

Note: Less than a month after the closure announcement, Vasupal was arrested for fraud in a bizarre case involving Stayzilla business dealings. Title: Boston startup Besomebody, once featured on ‘Shark Tank,’ shuts down app. Read more here. Title: Social bookmarking pioneer Delicious heads to the dead pool.

Company 78

Company US San Francisco Capital 78