Celent Banking

MARCH 6, 2015

Next week I will be moderating a panel discussion at American Banker´s Retail Banking Conference in Austin about the competitive pressures of community institutions. video teller) often does not lead to short term cost savings, and new services typically run in tandem with other operations, adding operating expense to already thin margins.

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Conference Retail Community Austin 100

CFPB Monitor

SEPTEMBER 8, 2022

In remarks yesterday to The Clearing House and Bank Policy Institute Annual Conference, Acting Comptroller Hsu discussed the growth “of banking-as-a-service (BaaS),” meaning arrangements in which a nonbank offers banking services to its customers as a way of adding value to its products and services.

Fintech 146

Fintech Risk Management Conference Lending 146

PYMNTS

DECEMBER 21, 2020

And that businesses operating in Europe can freely and fairly compete online just as they do offline,” top EC regulator Margrethe Vestager said in an announcement. users into new agreements with its California headquarters, effectively going around the EU’s stringent privacy regulations as Britain prepares to leave the EU.

California 143

California social media Apple Google 143

PYMNTS

SEPTEMBER 11, 2019

Jamal El-Hindi, the deputy director of the Financial Crimes Enforcement Network (FinCEN), spoke at the 2019 Money Transmitter Regulators Association Annual Conference on Wednesday (Sept. 11) about the importance of innovation and the regulation of non-banking financial institutions (NBFI), according to a release.

social media 116

social media Compliance Innovation Regulation 116

CFPB Monitor

MAY 25, 2022

The CFPB announced earlier this week that as part of a new approach to innovation in consumer finance, it is replacing its Office of Innovation and Operation Catalyst with a new office, the Office of Competition and Innovation, and eliminating its No Action Letter (NAL) and Compliance Assistance Sandbox (CAS) programs.

Innovation 78

Innovation Compliance Marketing Regulation 78

Abrigo

FEBRUARY 6, 2020

The Office of Foreign Assets Control ( OFAC ) hosts an annual symposium to provide updates on compliance requirements, sanctions activity, and enforcement efforts. Join other BSA/AML and fraud professionals at the leading industry conference April 19-22! OFAC restated its crucial role in furthering U.S. register today.

United States 195

United States Compliance Strategy National 195

PYMNTS

OCTOBER 13, 2020

Department of Justice, which said in a report that rogue nations and other risks loom as exchanges are lightly (or not at all) regulated – making it difficult to, as the maxim goes, follow the money. That’s according to the U.S. In the report from the U.S. The DOJ report stands as only the latest of warnings over the risks tied to cryptos.

cryptocurrency 206

cryptocurrency United States social media Regulation 206

PYMNTS

SEPTEMBER 17, 2018

Or to put it a bit more specifically, the Conference of State Bank Supervisors sued the Office of the Comptroller of the Currency. A national charter would allow FinTech firms to sidestep current practices which mandate they gain regulatory approval from each state where they operate. The GDPR’s Compliance Laggards.

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Fintech National Compliance Google 180

PYMNTS

AUGUST 13, 2018

Blanco told a conference last week that FinCEN, which operates as part of the Treasury Department, sees as cryptocurrency gains traction. Over the past few years, he stated FinCEN has issued a number of rules that have helped clarify how firms should operate within cryptocurrency spheres. States’ Rights?

cryptocurrency 109

cryptocurrency Los Angeles Chicago Conference 109

Bank Innovation

APRIL 25, 2019

. — Fintechs are having trouble facing reality when it comes to obtaining bank charters, FDIC Chairman Jelena McWilliams and Comptroller of the Currency Joseph Otting said here at the FDIC’s Fintech and the Future of Banking conference on Wednesday.

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Fintech FDIC Washington Conference 186

PYMNTS

FEBRUARY 6, 2018

Reuters reported news on Tuesday that banking regulators from seven states across the United States are working to, as the newswire reported, “streamline” the FinTech reporting process, with an eye on those tech firms having an easier road toward offering their products and services across the nation.

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Fintech US Tennessee Washington 118

PYMNTS

AUGUST 14, 2019

Blanco took to the stage at the 12th Annual Las Vegas Anti-Money Laundering Conference yesterday (August 13). It concerns me when I hear about some compliance budgets being cut by casinos looking to trim costs and retain gamblers,” he noted. The Team Oriented Nature Of Compliance .

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Compliance Las Vegas Mobile Data 163

PYMNTS

AUGUST 20, 2018

Three months in, the European Union’s General Data Protection Regulation still stymies some firms seeking to comply with new rules and regulations governing data protection and privacy. As many as 85 percent of firms are boosting budgets over the previous year’s, tied to data privacy and compliance.

Fintech 101

Fintech Survey Regulation Resources 101

Jeff For Banks

APRIL 4, 2024

You couldn't go to a conference without every presenter having millennial this or millennial that on their slide decks. Shadow Banking refers to banking-like operations that take place outside of the mainstream banking industry. and 53% indirect costs: operations, IT, human resources, etc.

Banking Trends 113

Banking Trends Trends Millennials Oregon 113

CFPB Monitor

JULY 27, 2020

It makes the “suggestion” to confer first with the OCC before onboarding any cryptocurrency clients. The letter states: Consistent with OCC regulations and guidance on custody activities, the risks associated with an individual account should be addressed prior to acceptance.

National 113

National cryptocurrency Risk Management Regulation 113

Abrigo

FEBRUARY 23, 2023

In such an environment, community banks should focus on the power of their relationships with customers, according to Kent Kirby, a retired banker with 39 years of experience in all aspects of commercial banking; lending, loan review, back-room operations, portfolio management, portfolio analytics, and credit policy.

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Community Bank Kansas City Community Lending 195

CFPB Monitor

MAY 31, 2022

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.” Responsible Innovation “.

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cryptocurrency Innovation DC National 146

Abrigo

APRIL 19, 2016

In a recent whitepaper (download), the regulator outlined the general approach it will take as it evaluates innovative products, services and processes that OCC-regulated banks may offer or perform. The product complies with laws and regulations, particularly those aimed at protecting consumers. Support responsible innovation.

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Innovation Fintech Risk Management Community Bank 150

Abrigo

APRIL 21, 2023

Kirby “If you do it correctly, you can shrink your scope size and look at riskier portfolios,” said Kent Kirby, a retired banker with 39 years of experience in all aspects of commercial banking: lending, loan review, back-room operations, credit policy, portfolio management, and portfolio analytics.

Lending 195

Lending Risk Management Software System 195

Insights on Business

FEBRUARY 15, 2018

New methodologies and technologies such as artificial intelligence are empowering firms to finally gain control of their risk and compliance efforts. Transforming the way compliance departments operate to meet the new reality requires an investment in technology.

Las Vegas 87

Las Vegas Compliance NV Meeting 87

Abrigo

JANUARY 21, 2020

Despite Federal ambiguity, State Regulators are beginning to clearly define their stances on cannabis banking. Compliance and anti-money laundering (AML) is going green… or is it? State Banking Regulators. I believe we will see more state banking regulators join them in 2020. GET STARTED. Conclusion.

United States 243

United States New York Regulation DC 243

PYMNTS

JULY 2, 2020

Payroll card provider Global Cash Card has reportedly lost its legal battle against the New York Department of Labor, which had imposed regulations on payroll card companies in an effort to protect employees against unfair fees. Global Cash Card’s Legal Saga Ends. ADP Eyes Payroll Card Adoption Jump.

Cards 208

Cards New York Capital Compliance 208

FICO

JUNE 30, 2016

Aggregation and effective use of this data are becoming key to meeting new compliance challenges, not to mention an opportunity to derive additional business value. The regulation required impacted banks to align to a set of principles of effective risk management and governance by January 2016. appeared first on FICO.

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Compliance Management Data Risk Management 45

Independent Banker

JULY 29, 2016

Certification through ICBA and Community Banker University ensures that a pivotal community banker has the necessary knowledge and understanding in critical operational areas. The Compliance Institute, which is six days of classroom instruction, leads to the Certified Community Bank Compliance Officer certification.

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Minneapolis Community Bank Community San Antonio 70

PYMNTS

JULY 18, 2018

Tongue in cheek as that sentiment may be, the EU fine levied over Android and dominance of that operating system has been a long time coming for Google. The EU has found that Google acted illegally in enticing handset makers to load those apps along with the free operating system. The fine, finally. billion euros). The EU’s Orders.

Google 101

Google System Operations Mobile 101

PYMNTS

JANUARY 15, 2019

billion from the third quarter driven by seasonality as well as growth in active accounts including the Propel card,” CFO John Shrewsberry said during a conference call Tuesday after the earnings release. “Credit card loans increased $1.2 Instead, the asset cap imposed on the financial institution by the Federal Reserve will remain in place.

Cards 108

Cards Conference Risk Management Mobile 108

CFPB Monitor

AUGUST 10, 2021

At the press conference, California Attorney General Rob Bonta summarized the first year of enforcement of the CCPA and provided specific examples of actions businesses have taken to rectify alleged violations following receipt of a notice of noncompliance. This CPRA provision becomes operative in January 2023. Enforcement updates.

California 78

California Tools Conference Policies 78

Bank Innovation

FEBRUARY 18, 2019

The conference, which took place here on February 11 to 14, saw barely a mention of Brexit amid the discussions on global and European fintech innovation. LONDON -- Brexit is an unavoidable topic in the United Kingdom these days. Unless of course, you attended Finovate Europe. This points to what seems to be the reality of […].

Fintech 186

Fintech Conference Course Innovation 186

Independent Banker

SEPTEMBER 25, 2014

Saving money by conducting inside risk management and compliance reviews. As a group, community banks spend substantial funds hiring outside consultants to help with various management functions, and a substantial share of dollars are spent to help oversee their risk management and compliance activities. By Vanessa Drucker.

Community Bank 70

Community Bank Compliance Risk Management Community 70

Celent Banking

OCTOBER 12, 2015

This week I’m in Singapore, which provides a beautiful backdrop for Sibos 2015, the annual conference that brings together thousands of business leaders, decision makers and topic experts from a range of financial institutions, market infrastructures, multinational corporations and technology partners.

Conference 100

Conference Compliance Customer Experience Analysis 100

PYMNTS

JANUARY 15, 2019

billion from the third quarter, driven by seasonality as well as growth in active accounts, including the Propel card,” said CFO John Shrewsberry during a conference call on Tuesday after the earnings release. “Credit card loans increased $1.2 Instead, the asset cap imposed on the FI by the Federal Reserve will remain in place.

Cards 115

Cards Conference Risk Management Mobile 115

FICO

NOVEMBER 27, 2018

Many anti-money laundering (AML) operations work hard to show that they are in compliance with rules and regulations, and struggle to maintain appropriate staff levels to work all the alerts. Machine learning for AML is dramatically improving the efficacy of compliance operations, today.

Las Vegas 77

Las Vegas Compliance Analytics Examples 77

FICO

OCTOBER 17, 2019

As Julie Conroy , director of Aite Group’s Fraud and AML practice, said at the Finovate conference last month, “While we’re meeting to discuss how to tackle fraud and financial crime, elsewhere the criminals are holding their own conferences to plan their attacks.” Fast to Deploy, Easy to Adapt.

Fraud 40

Fraud Compliance Conference Operations 40

Insights on Business

MAY 1, 2018

Compliance. Regulation. It involves fighting security threats that continue to grow in complexity and scope reducing fraud, meet regulatory and compliance laws, and providing an intuitive, streamlined customer experience, all while looking to lower operating and overhead costs. Topics include: AI. Biometrics. Blockchain.

System 126

System Payments blockchain Fraud 126

Independent Banker

SEPTEMBER 21, 2015

ICBA’s in-depth certification programs vault compliance officers to the highest standards. imberly Anderson, senior vice president and chief administrative officer of Cañon National Bank in southern Colorado, became her community bank’s loan compliance officer in 2003. By Ed Avis.

Compliance 70

Compliance Community Bank Community Training 70

FICO

NOVEMBER 11, 2020

René is a banking and regulation professional with a decade of experience and a special interest in risk modeling, measurement and management. Ignazio Provinzano, Head of Risk Operations at Swisscard (previous winner). In 2018, he was recognized as an “Analytics Visionary” by Consumer Goods Technology. by Nikhil Behl.

Meeting 52

Meeting Analytics Big Data Management 52

Gonzobanker

DECEMBER 14, 2023

The Bank Regulator Working for Merchants Award! Seems like maybe this has been forgotten when it comes to these regulations. The Lifelong Learning Award – goes to NCUA board member Rodney Hood for enrolling in a Wharton graduate program on fintech to be a more informed and effective regulator.

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Fintech Community Regional Technology 194