Perficient

JANUARY 28, 2021

Perficient places a high value on data security and has several processes and tools in place to protect colleague and client information, but what about the everyday person? These six areas of data privacy and security below should be at the top of your list to secure and protect yourself and your family. (We Let’s get started!

Data 535

Data Security Software Community 535

PYMNTS

MARCH 3, 2020

The appointed organizer for the initiative, SFB Technologies, tapped the Algorand protocol because of its scalability, speed, security and its “ability to effectively implement required compliance controls and the transaction finality needed for a national currency.”

ATM 168

ATM Bitcoin National Miami 168

Independent Banker

DECEMBER 31, 2022

The FDIC issued guidance about the consumer compliance risks associated with assessing NSF arising from the re-presentment of the same unpaid transaction. Community banks should keep an eye on evolving risks and emerging threats in 2023, including these: Small business data. Data privacy. Quick Stat. Source: FDIC.

Compliance 100

Compliance FDIC Community Bank Community 100

PYMNTS

OCTOBER 5, 2020

EU Aims To Have Big Tech Share Data With Smaller Competitors. Firms such as Google and Amazon “shall not use data collected on the platform?.?.?.?for Gatekeepers shall not use data received from business users for advertising services for any other purpose other than advertising services,” according to the draft, as per FT.

Data 229

Data Google Compliance Apple 229

Abrigo

MARCH 19, 2021

How credit unions can manage CECL data challenges As credit unions prepare for the Current Expected Credit Loss standard, they'll uncover several data issues they'll need to address. Takeaway 1 Data is a key consideration for credit unions selecting a CECL methodology. . Different model, different data needs.

Data 195

Data Examples National Compliance 195

PYMNTS

AUGUST 24, 2020

Facebook Supports Data-Portability Law. The social media company has indicated that the Access Act, a proposed data portability law, is a first move in the right direction. The social media company has indicated that the Access Act, a proposed data portability law, is a first move in the right direction.

social media 152

social media Data Apple Compliance 152

PYMNTS

SEPTEMBER 16, 2019

Despite announcements last month that the deadline for Strong Customer Authentication (SCA) compliance will be extended , the original proposed deadline approaches next week. to come up with a national privacy law were stymied. The potential cost for non-compliance is huge. Previous efforts for the U.S. a password).

Compliance 130

Compliance Guidelines Regulation National 130

Perficient

DECEMBER 22, 2023

Positive Aspects of AI in Financial Services As noted by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques, have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

Risk Management 221

Risk Management Compliance Fraud Regulation 221

PYMNTS

OCTOBER 16, 2019

Between $800 billion and $2 trillion USD is laundered each year, according to the United Nations Office on Drugs and Crime. The Cost of Compliance. Scandal and fraud tarnishing banks’ reputations aside, the impact that AML compliance controls have had on these banks’ bottom lines can’t be underestimated.

Compliance 123

Compliance Fraud Study Digital Banking 123

Perficient

NOVEMBER 11, 2020

Here are 8 trends we’re currently tracking into 2021: TREND 1: The evolution of healthcare will be characterized by a reengineering of clinical care and operations around digital health and pervasive real-time use of data and advanced analytics.? Becker’s Hospital Review. Business Insider Intelligence / Research and Markets.

Trends 618

Trends Strategy Digital Strategies Leadership 618

PYMNTS

JUNE 14, 2017

Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Analysts agree that a company should work with partners, advisors and technologies that can help them manage their compliance demand across borders.

Compliance 146

Compliance Marketing Taxes Groups 146

PYMNTS

JULY 1, 2019

When it comes to the new and emerging legal cannabis industry – along with the closely related trade in CBD products – payments and compliance issues, as one can imagine, have tremendous importance, and companies are striving to get into the game via those angles. Starting today, U.S. The Legal Situation.

Compliance 167

Compliance Industry Payments Policies 167

Abrigo

MAY 8, 2024

Takeaway 2 Generative AI models emulate data put into them to generate apparently new content such as text, images, audio, or video. They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience. GenAI is seeing varied use cases in banking.

Examples 222

Examples Fraud Resources Risk Management 222

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

Data 91

Data How To Community Bank California 91

PYMNTS

OCTOBER 7, 2019

Merchants and PSPs are far from the only ones with lingering questions on SCA’s application — regulators in EU countries are trying on to integrate the rule into their national payment processes. It is still a matter of debate on what exemptions, innovations and changes can be left up to national authorities — and what cannot.

Regulation 134

Regulation Trends Compliance National 134

PYMNTS

JULY 2, 2018

According to John Epperson, principal at Crowe LLP , that goes to show that the current approaches to regulatory and compliance technology ( RegTech ) aren’t working. That conflicts with organizations’ compliance needs, as they require a certain level of information to meet the standards. Why RegTech? A Cultural Shift Is Needed.

Compliance 109

Compliance Regulation Meeting Strategy 109

PYMNTS

NOVEMBER 3, 2017

wants to help small and medium-sized businesses (SMBs) adhere to the new European Union’s General Data Protection Regulation (GDPR). Small companies have limited financial resources and often lack the technical sophistication to effectively protect data,” wrote Bloomberg BNA in its coverage of the helpline. based SMBs.

Data 108

Data Compliance Security Regulation 108

PYMNTS

JANUARY 19, 2021

With more financial institutions (FIs) turning to external third-party FinTechs to strengthen their small- to medium-sized business (SMB) and corporate offerings, the collaboration model is proliferating across national borders. National Australia Bank Chooses Eedenbull. BNL Goes Live With Tink. ICICI Adds AlignBooks Technology.

Fintech 341

Fintech National Groups Tools 341

CFPB Monitor

AUGUST 8, 2022

Eight national trade groups have filed a petition with the CFPB that urges the Bureau to engage in rulemaking to define larger participants in the market for data aggregation services. According to the trade groups, the current situation creates “an unsustainable model as the aggregation services market grows.”

Groups 78

Groups Data National Marketing 78

Insights on Business

MARCH 15, 2019

Senior executives at financial services institutions have expressed the need for a stronger link between compliance and risk as stories of improper conduct and regulatory require­ments for AML, sanctions, customer fairness, data protection and privacy continue to dominate the business headlines. Mr. Patrick M.

Compliance 87

Compliance Management DC Washington 87

PYMNTS

NOVEMBER 20, 2019

Ride-hailing company Uber has revealed in its transparency report that it has received an increased number of requests for data information from the U.S. Uber said the increased number of requests was due to not only its company growth but a “rising interest” from governments to look at its customer data. regulators and 1.8

Data 116

Data US Regulation Apple 116

PYMNTS

FEBRUARY 21, 2020

Mosier succeeds Jamal El-Hindi, who will serve as the interim chief data officer (CDO) for the Department of the Treasury. In that role, El-Hindi will apply his FinCEN experience to “help lead the vision, design and development of the Treasury’s agency-wide data and information management strategies,” per an announcement. “As

Innovation 250

Innovation National United States Leadership 250

Abrigo

JUNE 12, 2023

You might also like this webinar, " AML Compliance and Sanctions Requirements for Non-Bank Financial Institutions. Streamlined compliance : Compliance with varying state regulations significantly burdens money transmitters. Compliance and reporting : Mandate implementing robust AML and CTF programs by money transmitters.

Compliance 195

Compliance Fraud Regulation Guidelines 195

PYMNTS

OCTOBER 5, 2020

Money laundering is a pervasive threat, with the United Nations estimating that up to $2 trillion is laundered each year, equivalent to 5 percent of the global gross domestic product (GDP).

Online 141

Online Compliance Report Study 141

PYMNTS

SEPTEMBER 10, 2018

GDPR compliance has yet to be fully embraced by firms on a global scale, yet headlines from this past week show just what the repercussions might be against a new regulatory landscape. software firm that focuses on GDPR compliance , told the newswire that “at some point, a line needs to be drawn, and this might be the best time to do it.”.

Data 116

Data Compliance Security Regulation 116

PYMNTS

OCTOBER 24, 2018

When it comes to data privacy, it’s not all about General Data Protection Regulation (GDPR), and it’s not all about Europe. There are monetary penalties involved in the event that data is used in non-compliance with laws. Here in the U.S.,

Data 122

Data US California Guidelines 122

BankInovation

NOVEMBER 8, 2022

Banks must have the ability to pull all of the data and information that regulators expect when they come in and start asking their questions,” Anna Kooi, national financial […].

Compliance 52

Compliance Regulation National Data 52

PYMNTS

AUGUST 4, 2019

Cryptocurrency compliance company Elliptic has released the Elliptic Data Set, which aims to identify crypto transactions associated with money laundering. The research found that only 2 percent of the 200,000 bitcoin transactions in the data set were illicit, while 21 percent were identified as lawful.

Bitcoin 115

Bitcoin Study Data Massachusetts 115

PYMNTS

NOVEMBER 9, 2020

A ballot measure ratified by a strong majority of California voters to increase protections for digital privacy could blaze a trail for similar measures throughout the nation. National Payments Corporation of India (NPCI) said in an announcement that it is providing permission for WhatsApp to grow its payment services in a “graded manner.”.

Regulation 211

Regulation social media Compliance California 211

PYMNTS

APRIL 30, 2018

lawmakers about how his company can better protect its users’ data following the Cambridge Analytica breach. billion worldwide users — including legislation that would require it to obtain opt-in consent from users to use, share or sell any personal data. While such a move might be unprecedented in the U.S.,

Data 119

Data Compliance social media Regulation 119

PYMNTS

FEBRUARY 28, 2020

Failing to prevent a data breach is a surefire way to lose that trust, however. Credit unions possess vast troves of personal information such as credit card data and Social Security numbers that could devastate members if leaked. Data Breaches Within And Without. Credit unions are no strangers to data breaches.

Data 131

Data California Security Pennsylvania 131

Bobsguide

OCTOBER 16, 2018

When the Financial Stability Board (FSB) published its guidelines to national and regional regulators to encourage greater oversight into financial markets, even they couldn’t foresee the deluge of rules and compliance requirements those regulators would begin to craft. In Europe, the most.

Guidelines 115

Guidelines Report Data Regional 115

Perficient

APRIL 2, 2021

The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the. It involves using software to analyze both structured and unstructured data (i.e., Credit Decisions.

Regulation 309

Regulation Industry Risk Management Analysis 309

CFPB Monitor

JANUARY 30, 2020

The Student Borrower Protection Center has sent a letter to CFPB Director Kraninger urging her to designate the National Student Clearinghouse as a “consumer reporting agency,” supervise it as a “larger participant,” and add it to the CFPB’s public list of CRAs.

National 78

National Groups Report Compliance 78

BankInovation

JUNE 10, 2021

The Biden administration today unveiled a task force to develop plans on sharing government data with artificial intelligence researchers.

Data 93

Data National Resources Strategy 93

PYMNTS

FEBRUARY 7, 2020

The National Payments Corporation of India (NPCI) provided the firm with permission to put WhatsApp Pay into operation in a phased manner, The Business Standard reported. . According to an unnamed source, WhatsApp has told the NPCI and the RBI that it will adhere for the set standards for data localization. .

Mobile 267

Mobile Compliance Payments National 267

PYMNTS

OCTOBER 7, 2020

Flywire’s offering for education lets agents better handle student data and simplify payment monitoring. In July, news surfaced that Flywire joined forces with China’s global education industry association BOSSA to bring its cross-border payment offerings to additional Chinese students traveling to other nations. Canada, Ireland, U.K.

Groups 200

Groups Study Fraud Leadership 200