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MUFG Bank Enters Consent Order With OCC Over AML Compliance

PYMNTS

Office of the Comptroller of the Currency (OCC), over deficiencies that the OCC identified in the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program. The OCC identified the deficiencies in the bank’s branches in New York, Los Angeles and Chicago. MUFG Bank said the OCC recognized improvements the bank made to its U.S.

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PeopleScout Launches Enhanced Supplier Management Program

PYMNTS

PeopleScout , a workforce solutions company, announced that it has officially launched its enhanced supplier management program, the PeopleScout Supplier Network. Information such as fill rates, time-to-fill and mark-up rates are updated daily via dashboards, while comprehensive compliance readouts are examined quarterly.

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The future of accounting: Key trends to know

Abrigo

If you think back to the start of your accounting career – whether it was 40 years ago or four – much has changed in the intervening years: technology, of course, tax laws, professional standards, even workplace traditions. But they must also be well informed of economic trends, available technology and shifts in their client base.

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On Demand Pay Finds A Home In Financial Services

PYMNTS

Any number of variables can highlight how the traditional two-week pay cycle puts pressure on the management of household finances. He pointed to advancements in technology that allow people to tap into wages as they are earned to help alleviate financial stresses.

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Bitcoin Daily: Hackers Move $40M In Stolen Bitcoin To Digital Wallets; Traders Consider Blacklist To Fight Crypto Crime

PYMNTS

s Cumberland crypto unit, Mike Novogratz’s Galaxy Digital Holdings and Ripple discussed the idea at a gathering Tuesday (May 7) in Chicago. In others news, Hedera Hashgraph is at a new stage of testing for its high-speed public ledger technology, which will allow developers and users to test different network capabilities.

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Deep Dive: The Many Roads To Digital-First Banking

PYMNTS

Many banks are taking digital-first approaches to meeting these demands, leveraging technologies such as AI, ML and data analytics to automate and improve customers’ banking experiences. In-Branch Technology. It has thus become imperative for banks to have the most recent technological innovations. Bringing Banking to the Cloud.

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Microsoft Looks To Power First Bank In Nigeria

PYMNTS

The companies signed a memorandum of understanding that will bring Microsoft business services to firms in the country, with the goal of boosting the embracing of technology in general among First Bank’s small business clients. Remittances done through newer technology conduits, such as blockchain, are gaining traction in Asia.