PYMNTS

DECEMBER 9, 2020

India-based digital lender startup Capital Float witnessed a multitude of benefits from implementing video-based KYC to help onboard its small- to medium-sized business (SMB) clients. Capital Float had provided 500,000 clients with $1.2 Capital Float had provided 500,000 clients with $1.2

Video 175

Video Capital Lending Security 175

Perficient

FEBRUARY 2, 2024

Our Expertise Perficient launched its Risk and Regulatory CoE in October 2023 to proactively address compliance issues. The focus is on critical areas of potential vulnerability such as capital, liquidity, and operational capabilities, essential for effective resolution.

Compliance 221

Compliance Software Trends Strategy 221

PYMNTS

SEPTEMBER 25, 2019

An explosion of FinTechs looking to fill the gaps left across under-banked and under-financed populations, including, in many markets, small businesses, has watchdogs exploring how to promote financial inclusion and access to capital while maintaining borrower protection. Data Solutions For Data Problems.

Compliance 117

Compliance Risk Management Lending Regulation 117

PYMNTS

NOVEMBER 7, 2019

The Bank of England has told HSBC to improve compliance controls for non-fiscal factors like fraud and staff conduct, according to a report by Reuters. A deferred prosecution agreement between the Department of Justice and the bank ended half a decade later, with HSBC spending hundreds of millions to improve compliance.

Compliance 101

Compliance Fraud Taxes Regulation 101

PYMNTS

MARCH 27, 2019

While regulators had transparency and financial security in mind when introducing more stringent requirements for banks following the global financial crisis, financial institutions faced a sudden surge in the burden compliance. The Key To Compliance Is Data.

Compliance 116

Compliance Data Regulation Analytics 116

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech in banking and finance. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech for banks to enhance their processes. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Bobsguide

AUGUST 7, 2022

London, UK – August 3, 2022 – Finastra announced today that The Co-operative Bank has selected Finastra Kondor in the cloud, available via Microsoft Azure, to upgrade its treasury infrastructure and automate manual reporting and processes.

Operations 68

Operations Strategy Innovation Policies 68

CFPB Monitor

APRIL 25, 2022

As we will discuss, the timing of the Consent Order indicates that even when regulators permit crypto activities by financial institutions, they remain cautious, particularly as to BSA/AML compliance. The January 2021 Operating Agreement .

Compliance 78

Compliance Digital Banking Training South Dakota 78

American Banker

OCTOBER 31, 2023

Regulators are pushing a scheme that is completely out of touch with international regulatory norms. It would irreparably harm both consumers and the U.S. economy.

Operations 41

Operations Capital Regulation Risk Management 41

BankUnderground

APRIL 28, 2023

This post investigates whether large and small banks in the UK and US differ in the cyclical patterns of capital positions and credit provision. The reforms aimed to ensure that banks have sufficient capital resources to absorb losses and reduce the cyclical effects of bank capital (and regulation) on the supply of bank credit in stress.

Capital 78

Capital Lending US Data 78

PYMNTS

OCTOBER 12, 2020

The round was led by Blockchain Capital, Standard Crypto, Blockchain.com Ventures and more. BitMEX has announced a new Chief Compliance Officer in Malcolm Wright, who will serve in the role for 100x Group, which operates HDR Global Trading Limited, which runs BitMEX.

Bitcoin 261

Bitcoin Compliance Lending Regulation 261

CB Insights

SEPTEMBER 16, 2021

came from a Series A round drawing participation from Level Equity, Open Ocean Capital, Episode 1 Ventures, and Entrepreneur First, and $4.9M UK-based PassFort offers SaaS solutions that address compliance challenges and elevate customer experiences. Operating in 211 jurisdictions, PassFort caters to a diverse customer base.

Compliance 58

Compliance Technology Customer Experience Maine 58

South State Correspondent

JANUARY 16, 2024

Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. Unfortunately, some banks adopted BSBY as one of their preferred indexes and in doing so created risk in derivatives and operations. No ISDA documents.

Community Bank 195

Community Bank Community Compliance CA 195

CB Insights

NOVEMBER 5, 2020

Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees. Company Name. Phone number.

Capital 98

Capital blockchain Marketing Security 98

Abrigo

FEBRUARY 16, 2024

Takeaway 3 Credit analysts need training to understand the working capital cycle, look for hidden risks, and be aware of accounting changes. It's about ensuring that every aspect of your lending operation is optimized for efficiency and effectiveness. Prepare for your next exam. Discover options for loan policy review assistance.

Training 195

Training Risk Management Analysis Policies 195

Abrigo

MAY 2, 2024

Compliance and Risk Management: The loan policy ensures that the lending function operates within the regulatory and compliance framework. This involves differentiating between temporary and permanent investments in current assets, as well as anticipating future needs based on the borrower's growth and operational cycles.

Lending 195

Lending Strategy Analysis Policies 195

Independent Banker

SEPTEMBER 25, 2014

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. As David Barr, spokesperson for the FDIC, points out, “a vast majority of community banks remain well-rated and exhibit satisfactory corporate governance programs and compliance management systems.”.

Compliance 101

Compliance Regulation Community Bank Community 101

PYMNTS

JANUARY 19, 2021

NAB will add Eedenbull’s Q Business platform to its offering to help SMBs track and manage spend, as well as to automate compliance controls. The FI aims to wield Backbase tools to create digital banking channels across its operations, with its focus first landing on SMBs. BNL Goes Live With Tink. ICICI Adds AlignBooks Technology.

Fintech 341

Fintech National Groups Tools 341

Abrigo

MAY 24, 2023

“Without full access to the banking and payments system, legal cannabis businesses are forced to operate in the shadows,” said Sen. Without access to traditional banks, legal cannabis businesses can’t access loans and capital or even use basic bank accounts. Sherrod Brown, D-Ohio, in the same hearing.

Lending 195

Lending Fraud Operations Ohio 195

Insights on Business

MARCH 12, 2019

review of the capital requirements for market risk regulations, namely the Fundamental Review of the Trading Book (FRTB). It becomes effective in 2022, but banks should now, more than ever, implement the proposed changes in order to meet the deadline for reporting their Pillar I capital under the new methodologies.

Capital 79

Capital Regulation Strategy Operations 79

South State Correspondent

MARCH 14, 2024

Strategic Horizon and Capital As mentioned, the problem that bank’s often run into when it comes to strategic planning is their time horizon is too short. If your duration is too long or your BSA compliance is weak, those aren’t good things, but that is not how the bank is going to fail. This, however, could be a mistake.

Innovation 195

Innovation Strategy Capital Comparison 195

Bobsguide

MARCH 24, 2022

Finastra and CloudMargin Collateral Management as a Service offering accelerates compliance with UMR regulation. Akber Jaffer, EVP, Treasury and Capital Markets Business Unit at Finastra said, “As the deadline for UMR approaches, the need for new and complex calculation methods for initial margin calculation is more important than ever.

Compliance 60

Compliance Management Regulation Software 60

CB Insights

MARCH 4, 2022

The round drew participation from Index Ventures and Sequoia Capital. The startup operates in the US and has teams in San Francisco, Texas, Colorado, and Washington, among other locations in the US. The post SaaS sales tax compliance software Anrok hits $100M valuation. HOW’S THE COMPANY PERFORMING? Want the full post?

Taxes 59

Taxes San Francisco Software Compliance 59

Perficient

FEBRUARY 16, 2021

In 2020, the Federal Reserve found that large banks were generally well-capitalized under a range of hypothetical events. The Fed’s Comprehensive Capital Analysis and Review (“CCAR”) stress tests are designed to ensure that large banks are able to lend to households and businesses even in a severe recession.

Exercises 309

Exercises Capital Analysis Lending 309

PYMNTS

APRIL 7, 2017

This week, the two countries were the only markets that landed on the B2B venture capital board, with funding landing at SaaS, Big Data and procurement startups across a range of industries, from corporate social media management to marijuana procurement. PYMNTS breaks down the $24 million in venture capital raised. Back in the U.S.,

social media 109

social media Big Data Capital Data 109

Perficient

JANUARY 25, 2023

Banks are focused on efficiency initiatives to optimize their operations and lower costs. While institutions want to increase their technology play, they are weary of overcomplicating operations. Another example is Eno , Capital One’s virtual assistant. Here are five banking trends we’re forecasting for the new year.

Banking Trends 474

Banking Trends Trends United States FDIC 474

Independent Banker

JANUARY 31, 2022

which operates $12 billion-asset OceanFirst Bank N.A. There is a lot of time and energy spent, not only making sure that credit decisions are appropriate, but also managing the compliance aspect,” Maher says. in Toms River, N.J. Jenny Bennett, market president at $850 million-asset Summit Bank in Eugene, Ore., saw something similar.

Lending 150

Lending Community Community Bank Compliance 150

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. Takeaway 2 Reports that assess capital, growth, and liquidity provide banking professionals data to drive decisions.

Report 195

Report Risk Management Capital Data 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

SEPTEMBER 17, 2020

“We are innovating the underlying infrastructure that financial institutions use to make transactions run even faster end-to-end, and at the same time further reducing costs for the community through industry-shared services in the areas of cyber, fraud and compliance," said Javier Pérez-Tasso , SWIFT’s CEO, in a statement. “We

Innovation 348

Innovation Payments Compliance Data 348

PYMNTS

DECEMBER 19, 2019

Well, that is where things get a little bit confusing, Arjun Kakkar, vice president of Strategy and Operations at Ekata , told PYMNTS in a recent interview. What will that compliance look like in the in the EEA and around the world? It was supposed to go into effect on Sept. For how long? Why Bigger is Better in SCA Adoption.

Compliance 102

Compliance Regulation Strategy Training 102

Perficient

MAY 25, 2023

Promethium Ember Capital, (“PEC”), a wholly owned subsidiary of Promethium, has become the first digital asset custody provider to come under federal regulation. PEC was approved as a special purpose broker-dealer (“SPBD”) for digital asset securities.

cryptocurrency 251

cryptocurrency United States Retail Security 251

Abrigo

JANUARY 24, 2024

The rapidly increasing interest rates in 2023 led to publicly traded banks with more than $20 billion in assets having tangible common equity ratios (adjusted for fair value adjustments on held-to-maturity instruments such as loans) of less than 3% as of September 30, 2023, according to S&P Capital IQ. Should we panic?

FDIC 195

FDIC Regulation Strategy Data 195

PYMNTS

SEPTEMBER 22, 2020

According to Blue Star Capital , its investee company SatoshiPay has launched a new B2B payments platform to speed up cross-border payments, Proactive reported. That will let approved banks and businesses join a compliance network and share KYC/KYB details.

Payments 248

Payments blockchain Maine Compliance 248

PYMNTS

OCTOBER 23, 2020

This week's B2B Venture Capital roundup saw more than $76 million in new funding. The company operates a business verification platform allowing corporate customers, including B2B buyers and suppliers, to verify their business partners and mitigate risk. The company highlighted the $8.14

San Francisco 158

San Francisco Compliance Capital Management 158

PYMNTS

AUGUST 23, 2019

Emma Waddell will join the company as vice president of financial services compliance, while Joe Rodriguez will serve as lead counsel of financial services, per news from the retailer. “As Waddell will provide support and guidance to financial services compliance leaders across all of the company’s operating markets, including Walmart U.S.,

South Carolina 148

South Carolina Compliance New Jersey Leadership 148