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Blockchain for KYC: Game-changing RegTech Innovation

Insights on Business

IBM RegTech Innovations. One of the best things about working at IBM—and in the RegTech field in particular—is meeting daily with the engineers and developers who are driving technological innovation in the financial industry. Customer Experience. IBM driving innovation. Consider, for example, the blockchain space.

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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. It’s great to see the prioritization on innovation with this bill,” Wingert said, calling the AML regulatory changes important. Can you really know your customer if you don’t know their location?”

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FHFA announces Office of Financial Technology

CFPB Monitor

The FHFA also issued a request for information (“RFI”) seeking public input on how to facilitate responsible innovation, identify barriers or challenges to implementing fintech into housing finance, support equity for homeowners and renters, and increase efficiency and effectiveness in the compliance and regulatory processes.

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IBM playing key role in Canadian summit to modernize payment systems

Insights on Business

As the banking Payments ecosystem in Canada continues to expand, IBM is looking forward participating in the upcoming Payments Canada Summit , held in Toronto on May 9-11 with industry leaders, innovators and challengers. Compliance. Cryptocurrencies. Topics include: AI. Biometrics. Blockchain. Consumer protection. Open Banking.

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Fintech to facilitate inclusive financial system in China, say experts

Urs Bolt

Fintech has advantages in facilitating operational efficiency, advancing customer experience and boosting products and services updating, and innovations, which are in line with the ultimate goal of traditional financial institutions, said Ao Yifan, a vice president of the Bank of Hangzhou. Compliance. Cryptocurrencies.

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Our 7 Questions to Prevent Bad Bank Technology

South State Correspondent

The most significant problem with bank innovation is that bankers see or hear about a sexy piece of technology at a conference or at another bank and then acquire it. Technology platforms around cryptocurrency, student loans, or financial education may be cool and cheap. How Will My Employees Access the Bank Technology?

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Financial Crime: Technology can Transform Compliance

FICO

Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales. In this excerpt from that article, Jürgen elaborates on the importance of compliance. . At FICO, I am responsible for planning and implementing growth strategies to develop new markets, and the expansion of our compliance business globally.