Bank Innovation

NOVEMBER 16, 2018

Innovation is expensive. And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger. But innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart.

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Innovation Technology Google Compliance 150

Bank Innovation

NOVEMBER 16, 2018

Innovation is expensive. And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger. But innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart.

Innovation 150

Innovation Technology Google Compliance 150

Bank Innovation

APRIL 27, 2018

EXCLUSIVE - Technology services provider Synechron launched a regtech program focused on helping its financial services clients on regulatory compliance issues. The program, which Synechron refers to as its Regtech Accelerator Program, went live yesterday.

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Compliance blockchain Technology Operations 236

Bank Innovation

SEPTEMBER 26, 2017

Several banks in Singapore have closed the accounts of an estimated 10 firms specializing in cryptocurrency and payments services.

cryptocurrency 150

cryptocurrency blockchain Fintech Industry 150

PYMNTS

DECEMBER 2, 2020

Facebook's cryptocurrency project on Tuesday (Dec. Diem Networks will operate the actual payments system, which will oversee a new currency called the Diem Dollar. Diem Networks will operate the actual payments system, which will oversee a new currency called the Diem Dollar. Goodbye Libra and hello Diem.

cryptocurrency 156

cryptocurrency Regulation Compliance System 156

Bank Innovation

NOVEMBER 15, 2017

EXCLUSIVE- Bank Innovation has released the agenda for its seventh annual fintech conference, and it is completely overhauled to enhance the event experience for attendees.

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Conference Innovation Fintech How To 225

PYMNTS

SEPTEMBER 10, 2019

Netki announced that it has upgraded its digital identity service so that cryptocurrency firms can meet AML recommendations by the Financial Action Task Force (FATF) for fighting money laundering. In other news, crypto trading platform BitMEX has lost its chief operating officer (COO).

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Compliance Bitcoin cryptocurrency Meeting 101

Bank Innovation

SEPTEMBER 27, 2017

What is the state of banking innovation today? Fintech funding has grown tougher for startups, but banks’ balance sheets are looking stronger– what does it mean for innovation? Each year, we poll the industry to find out.

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Innovation blockchain Fintech Industry 257

Bank Innovation

JANUARY 22, 2019

IBM, one of the world’s largest technology companies, has agreed to sponsor Bank Innovation Ignite, which explores new ideas and technologies needed to push banking forward. Bank Innovation Ignite, March 11-12 in Seattle, offers high-level discussions and networking around the future of what’s next in banking.

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Innovation Seattle Fintech Technology 170

PYMNTS

DECEMBER 29, 2020

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. Complex Compliance.

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Fraud Compliance cryptocurrency Security 270

PYMNTS

OCTOBER 18, 2018

The global regulatory framework of cryptocurrencies and blockchain remains either fragmented, vague or simply nonexistent. Part of the initiative includes the SBA’s guidelines to the nation’s traditional financial services market on how to service these industry players while maintaining compliance.

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Guidelines cryptocurrency blockchain National 213

Bank Innovation

JANUARY 24, 2019

INV Fintech, the technology accelerator run in partnership with Fiserv, has opened its Demo Day event to financial institution executives attending Bank Innovation Ignite. Previously, only INV Fintech members were permitted to attend Demo Day on March 11 in Seattle.

Innovation 150

Innovation Seattle Fintech US 150

CFPB Monitor

JULY 27, 2020

cryptocurrency custody services on behalf of customers, including by holding the unique cryptographic keys associated with cryptocurrency.” It makes the “suggestion” to confer first with the OCC before onboarding any cryptocurrency clients. The key phrase above is “any lawful business.” The letter states that the OCC.

National 113

National cryptocurrency Risk Management Regulation 113

PYMNTS

NOVEMBER 2, 2020

During phase one, VASPs will have to demonstrate their compliance with these standards, according to the release. Their research will begin with a proof-of-concept for a CBDC operated on distributed ledger technology (DLT) to test the proposed coins’ use cases in payment settlements, the release stated.

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Bitcoin Policies Groups cryptocurrency 160

PYMNTS

MARCH 4, 2020

The Financial Crimes Enforcement Network (FinCEN) has fined Michael LaFontaine, former chief operational risk officer at U.S. The bank also inadequately staffed the BSA compliance function. . “Mr. FinCEN encourages technological innovations to help fight money laundering, but technology must be used properly.” .

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US Regulation cryptocurrency Resources 130

PYMNTS

OCTOBER 21, 2019

As Seedrs CEO Jeff Kelisky told Karen Webster in a recent discussion, while most people in 2009 took one look at the sputtering and shuddering economy, there was a whole class of innovators and entrepreneurs who didn’t see a nuclear wasteland where the economy used to be. They saw a greenfield waiting to be planted.

Innovation 131

Innovation Payments Apple Mobile 131

Bank Innovation

MAY 21, 2018

Cryptocurrency is going mainstream, or rather, banks and cryptocurrency exchanges are growing more enmeshed.

cryptocurrency 186

cryptocurrency Bitcoin Operations Industry 186

Bank Innovation

MARCH 2, 2018

The 16 registered cryptocurrency exchanges currently operating in Japan will soon form a self-regulating body, after a $530 million heist of digital coins in the region led to investor concerns, Reuters reported today.

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cryptocurrency Regional Regulation Operations 199

PYMNTS

APRIL 19, 2019

Bloomberg said this week that Lyric, based in California, operates as an on-demand short-term rental provider, connecting users with premium apartments and cleaning services. Lyric plans to use the investment to expand its operations as it continues to focus on regulatory compliance. Chainalysis.

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Capital Lending Cards cryptocurrency 174

PYMNTS

JUNE 20, 2019

Bank of England (BOE) Governor Mark Carney said Facebook’s newly-announced cryptocurrency, Libra, can’t be the same unregulated type of service that Facebook is, according to a report by Reuters. Unlike social media … the terms of engagement for innovations such as Libra must be adopted in advance of any launch.”.

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Regulation social media cryptocurrency Capital 116

PYMNTS

JUNE 4, 2019

Companies do not face a binary choice between innovation and compliance with the federal securities laws.”. The malware — dubbed BlackSquid — uses numerous web server exploits and brute-force attacks to download and installs XMRig, a Monero cryptocurrency miner, according to The Next Web. and Thailand. million) in May.

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Bitcoin US Security cryptocurrency 115

Bank Innovation

SEPTEMBER 27, 2018

Bank Frick has grown its operations and staff while shrinking its physical footprint. While legacy banks are establishing digital-only offerings alongside existing services, Mauro Casellini, Bank Frick’s head of blockchain and payment service providers, told Bank Innovation that […].

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blockchain Community Innovation Operations 150

Bank Innovation

JULY 1, 2019

For the financial services industry, Facebook’s new cryptocurrency, Libra, is yet another warning that digital technology is chipping away at the foundation of traditional business models. If bankers were reading the wires on June 18, they might have choked on the Libra news.

cryptocurrency 210

cryptocurrency Data Industry Technology 210

Bank Innovation

MARCH 29, 2018

The technology has been touted as solving just about every problem bankers face, but as Adam Ludwin, CEO of Chain, told us in San Francisco at Bank Innovation 2018 earlier.Read More. Blockchain technology has been talked about in banking for so long that readers here can be excused for being a bit jaded on the subject.

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San Francisco blockchain Video Innovation 305

Abrigo

NOVEMBER 11, 2021

Usually, the ransom is a substantial amount of money or cryptocurrency. This is a classic layering method using innovative technology. Financial institutions should be particular attention to cryptocurrency payments through jurisdictions of concern.

Fraud 195

Fraud cryptocurrency System Trends 195

Abrigo

NOVEMBER 11, 2021

Usually, the ransom is a substantial amount of money or cryptocurrency. This is a classic layering method using innovative technology. Financial institutions should be particular attention to cryptocurrency payments through jurisdictions of concern.

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Fraud cryptocurrency System Trends 195

PYMNTS

OCTOBER 9, 2019

As the operator of the Swiss financial market infrastructure, we welcome the initiative of the SNB and the BIS to conduct more research into innovative financial technologies in Switzerland. percent rate.

Bitcoin 116

Bitcoin San Francisco Taxes Compliance 116

PYMNTS

JANUARY 26, 2017

The good news is that risk and compliance solutions work. As payments and commerce increasingly move online, the industry has focused heavily on creating powerful risk and compliance solutions to stave off illicit activities. G2 found a criminal network operating illegal online pharmacies in Europe.

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Bitcoin cryptocurrency Compliance Branding 100

Insights on Business

MAY 1, 2018

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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System Payments blockchain Fraud 126

PYMNTS

MARCH 23, 2016

What once may not have been taken seriously — cryptocurrencies and futuristic payments — is today exploding as the innovation financial institutions are targeting for investments, largely hoping to get a jump on the blockchain before disruption takes a bite out of their traditional business.

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blockchain Fintech cryptocurrency Innovation 100

PYMNTS

MARCH 14, 2019

Both corporates and banks have said Know Your Customer ( KYC ) regulations are their most pressing compliance concerns, with nearly three-quarters of businesses with more than $1 billion in revenues pointing to KYC as their top challenge. Even fewer — 5 percent — have adopted blockchain, and only 2 percent use cryptocurrencies.

Fraud 115

Fraud Survey Taxes Regulation 115

FICO

DECEMBER 23, 2020

It has also opened new doors for criminals, who have rushed to exploit the uncertainty in a pandemic world and devised new money laundering and terrorist financing schemes by taking advantage of loopholes in the regulations, new ways of working aided by advances in technology, and electronic payment innovations.

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Compliance Regulation Data Risk Management 52

PYMNTS

JANUARY 17, 2019

As innovative technologies move down stream, small and medium-sized businesses are poised to benefit significantly from being able to customize a flexible payroll and human capital management (HCM) program. The evolution of payroll is all about pushing back against the notion of one-size-fits-all. ” In the U.S.,

Capital 173

Capital Tools Survey Management 173

CB Insights

NOVEMBER 5, 2020

Applications are now open for our first-ever Blockchain 50 , a list of the most innovative companies that are applying or analyzing blockchain technology to solve business or consumer problems. Corporates like Infosys and Sia are operating here. Submit your application here before November 25. Please click to enlarge.

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Capital blockchain Marketing Security 98

NCR

AUGUST 18, 2017

It started out as the rails for cryptocurrencies like Bitcoin, but has evolved as a technology that can transform many legacy business paradigms in the banking sector. Forecasts about medium-term cost savings of key operations are promising. Significant savings to be made. The hurdles to be overcome.

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blockchain Technology cryptocurrency Study 75

NCR

NOVEMBER 22, 2017

In any recent conversation about the new technologies and concepts driving change in the financial services industry, there is a strong chance that blockchain – the shared-database system that allows the cryptocurrency Bitcoin to function – would have featured. Blockchain has been heralded by some as the future of the industry.

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blockchain New York City Conference cryptocurrency 56

Bank Innovation

AUGUST 1, 2017

Blackmoon Financial Group, which current operates a marketplace lending platform, today launched a service for making Initial Coin Offerings, or ICOs. Another company is jumping into facilitating ICOs.

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Lending Groups Operations Company 199