Remove Company Remove Compliance Remove Operations Remove User Experience
article thumbnail

Payments Providers Combat The Conflict Between Security, User Experience

PYMNTS

Payments and financial service providers are facing an even greater challenge in balancing these two capabilities in the age of open banking and cloud migrations, with more opportunities than ever before for sensitive company and customer data to be compromised. Greater Security Without Compromising UX.

article thumbnail

Turning Compliance Burden Into FinTech-Regulator Collaboration

PYMNTS

Particularly amid the continuing uncertainty surrounding Brexit, FinTechs are turning to Lithuania to retain their European footholds and operate in a country that supports their innovative ambitions. But financial regulatory compliance can be a headache for any market. Resuming Operations.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Survey shows that tools with strong user experience are key to better risk management across the enterprise

Insights on Business

Today, risk-awareness and risk averse behavior is the responsibility of everyone in the firm, so staff need to be able to engage in the common goal of regulatory compliance. Continued change can create lag in the organization between existing compliance capabilities and latest regulatory demands.

article thumbnail

Streamline the User Experience with Mobile Carrier Data

ZootBlog

This norm of using mobile devices to do everything from shopping to banking, mean security and a great user experience need to go hand-in-hand. We covered everything from pain points to fraud and compliance and best practices to manage it all. That is a staggering statistic clearly pointing to a poor user experience.

article thumbnail

Geolocation Puts A Pin In Anti-Fraud Solutions

PYMNTS

With it, financial institutions need to strengthen their compliance to mitigate the risk of running afoul of the law. Certainly, the use and availability of cryptocurrencies is another emerging area that is contending with its own unique set of compliance issues, but it is also one Wingert said appears to be closing gaps in regulation.

Fraud 270
article thumbnail

US Inches Toward Open Banking With CFPB Notice

PYMNTS

The technology conglomerate announced this week a new cloud service to help smaller banks integrate anti-money (AML) laundering protections via its Financial Crime and Compliance Management Cloud Service. The company provides open banking technology to banks and FinTechs, allowing them to securely open up data to their customers.

US 203
article thumbnail

Ready Or Not, Strong Customer Authentication Is Coming

PYMNTS

-based Emerging Payments Association (EPA) published a report on the impact of SCA on the payments experience, and found that 75 percent of issuers said they would be ready by the Sept. Yet this was compliance-ready, not operationally ready. Each European state is now responsible for creating its own SCA compliance road map.