CFPB Monitor

AUGUST 21, 2018

The report raises a number of issues with screen scraping while promoting the benefits of application programming interfaces (APIs) “that allow for the inclusion of robust security features, greater transparency and access controls for consumers, improved data accuracy, and more predictable and manageable information technology costs.”

Data 84

Data Report Regulation Security 84

PYMNTS

FEBRUARY 28, 2020

Credit unions’ emphasis on member relationships is one of the main factors that distinguishes them from large banks and FinTechs. Credit unions possess vast troves of personal information such as credit card data and Social Security numbers that could devastate members if leaked. CUs’ Tools To Secure Member Privacy .

Data 131

Data California Security Pennsylvania 131

PYMNTS

JANUARY 22, 2018

There is another market segment, however, that similarly struggles to secure this Goldilocks effect, with products that aren’t too small and aren’t too large: the middle market. There are two key focuses for mid-market expense management tools, he said: infrastructure and regulatory compliance.

Management 116

Management Compliance Taxes Marketing 116

PYMNTS

OCTOBER 19, 2016

Here’s a preview: One of the biggest problems with the new rule is the broad definition of a prepaid account, Fauss said. We thought the definition of prepaid account was too broad in the proposed rule, and we were disappointed that it was not scaled back,” Fauss said. The updated regulations are slated to take effect Oct.

Regulation 100

Regulation Cards Digital Banking social media 100

Insights on Business

JULY 20, 2017

I wasn’t particularly inspired by the Wikipedia definition , so I’ll give you mine. The emergence of financial technology (fintech) and the push of regulators for more competition are disaggregating and open this closed value chain. The fintech hub. What is “open banking”? The mobile payments hub.

Fintech 181

Fintech Mobile Examples Data 181

PYMNTS

APRIL 26, 2018

Many of the larger EU-based firms have been preparing for GDPR for years and have processes in place that anticipate the formal debut of GDPR and its compliance mandates. Thus, the compliance side, at least in financial services, may override the privacy side of the equation.

Regulation 128

Regulation Data Compliance Examples 128

CFPB Monitor

MARCH 9, 2020

A new FAQ states “[w]hile screen-scraping activities typically do not meet the definition of [a] business arrangement, banks should engage in appropriate risk management for this activity. For example, Principle 5 (Security) of the Bureau’s Consumer Protection Principles: Consumer-Authorized Financial Data Sharing and Aggregation (Oct.

Risk Management 78

Risk Management Data Management Compliance 78

Insights on Business

SEPTEMBER 18, 2016

Many banks are concerned that PSD2 is a cost center that will compromise client relationships and security. The revised directive PSD2 aims to build interconnections between traditional banks and TPPs, many of whom are FinTechs. Value-Added Services = Profits for Banks. Services to Offset PSD2 IT Infrastructure Costs.

Marketing 70

Marketing Payments Compliance Security 70

PYMNTS

JULY 11, 2016

“They definitely see the writing on the wall that the world is moving in this direction.” ” Compliance is another issue that may likely land on the laps of financial institutions when it comes to adopting blockchain-based solutions. “They want to know how it works and be assured that it’s safe and secure.”

blockchain 100

blockchain Compliance Security Technology 100

PYMNTS

AUGUST 10, 2017

From user interface technology to security and risk management, the only constant in the financial space is that nothing stays the same for long. How do you manage security and risk? PM: As a CEO, just as important as the time you devote to business strategy, is the time spent on compliance and risk management.

How To 136

How To Risk Management Technology US 136

CFPB Monitor

JULY 21, 2022

CA), inserting into the NDAA a version of the “Establishing New Authorities for Business Laundering and Enabling Risks to Security Act,” otherwise more commonly known as the ENABLERS Act. 5312(a)(2)(Z) to include a wide variety of individuals and entities under the definition of a “financial institution” covered by the BSA.

United States 78

United States Taxes Regulation Compliance 78

PYMNTS

MAY 25, 2016

One firm’s risk is another firm’s big opportunity, particularly when it comes to data security — a reality well-illustrated by the team at BigID , who has emerged from stealth this week to offer up its SaaS solution for privacy management. And then … they have the option to figure out how to secure it.

Data 101

Data Big Data Security CA 101

PYMNTS

MAY 25, 2016

One firm’s risk is another firm’s big opportunity – particularly when it comes to data security – a reality well illustrated by the team at BigID – who have emerged from stealth this week to offer up their SaaS solution for privacy management. And then… they have the option to figure out how to secure it.

Data 100

Data Big Data Security CA 100

PYMNTS

NOVEMBER 26, 2019

PYMNTS’ Credit Union Innovation Index found that CU members may not prioritize the latest technologies as much as bank and FinTech customers do, but they still value easy-to-use mobile apps and online capabilities. Meeting customers’ expectations and desires is a key goal for all enterprises, and credit unions (CUs) are no exception.

Marketing 131

Marketing Sacramento Data Mobile 131

PYMNTS

JULY 27, 2018

The definition of a really good day: Raise $100 million led by a company that not only has obviously deep pockets, but a deep presence in a vital part of the world for payments and the digital economy. The company also has deep pockets and a devotion to FinTech. That really good day was enjoyed by Flywire yesterday (July 26).

Capital 102

Capital United States Payments Groups 102

Celent Banking

APRIL 7, 2016

With today’s news comes the interesting development that the FBI has apparently used a “tool” acquired from an unnamed third-party white hat security firm to gain access to the locked iPhone of one of the San Bernardino shooters without requiring Apple’s cooperation.

Apple 100

Apple Tools Security Data 100

FICO

NOVEMBER 30, 2017

Fraud and security are a top priority for financial institutions — but just stopping fraud isn’t enough. Fraud managers have to look beyond losses and loss prevention and consider consumers’ need for a frictionless experience, regulators’ stipulations and the competitive pressures of fintech disruptors.

Fraud 82

Fraud Analytics Compliance Management 82

NCR

AUGUST 18, 2017

Blockchain, or distributed ledger technology as it is sometimes called, is a database that is distributed across a network and cryptographically secured, such that records become immutable. Adopting blockchain technology in this area could not only reduce costs, but enhance security and efficiency. The hurdles to be overcome.

blockchain 75

blockchain Technology cryptocurrency Study 75

Banking 2020

NOVEMBER 9, 2015

And for an industry built on the twin foundations of confidentiality and compliance, that’s one gigantic giant issue. The ease with which these diverse business applications move data into ledgers securely and swiftly is enabled in part by the APIs at the center. When we talk about APIs, we mostly mean open APIs.

Industry 40

Industry Compliance Data Software 40

CFPB Monitor

MARCH 8, 2017

Earlier this week, we attended the LendIt USA conference in New York City, a leading annual fintech conference, at which CFPB Director Richard Cordray and Comptroller of the Currency Thomas Curry both spoke. Comptroller Curry said that the OCC definitely has authority to grant special purpose charters without new legislation.

Conference 74

Conference Policies New York City Data 74

PYMNTS

DECEMBER 16, 2016

There are others who will state that the definition of mid-market can hinge on the segment of business that is being discussed, such as traditional banking versus commercial banking. King said that at the end of the day, “there are always going to be some arbitrary definitions of what a segment is.” King asked. “In Krishna said.

Marketing Automation 100

Marketing Automation Marketing Cards Payments 100

Gonzobanker

NOVEMBER 17, 2016

While consumers and payment providers may hope for frictionless payments, the execution path will require new capabilities and deployments in fraud mitigation, cyber security, open APIs, and enhanced interoperability. Megatrend #2 – Secure and Compliant is a Non-Negotiable. How ironic is that in the journey to frictionless?

Payments 60

Payments Las Vegas Risk Management Cyber Security 60

Fintech Labs Insights

OCTOBER 30, 2016

Deloitte recently asked what we should make of “regtech” in a new report titled, “RegTech is the new FinTech: How agile regulatory technology is helping firms better understand and manage their risks.” Compared to “insurtech” – regtech firms have been prominent players in the fintech firmament for years. ” Indeed.

blockchain 12

blockchain Trends Fintech social media 12

CB Insights

MAY 8, 2018

The rise of security tokens as a distinct asset class. Although regulators grapple with this definition, we’ll use it for our purposes to understand how this financing method is changing. The SEC (Securities and Exchange Commission) thinks that most tokens are securities. Venture activity. Corporate activity.

blockchain 75

blockchain Trends Technology cryptocurrency 75

Lex Sokolin

DECEMBER 25, 2019

There’s a lot to say about the overlap of Fintech and blockchain, but let’s find the very edge of the frontier and focus right there. Other things like Compound are essentially a securities lending marketplace?—?you See Staking Rewards and the chart below, and Coinbase for an example of a large Fintech providing the service.

blockchain 52

blockchain Bitcoin Software Lending 52

South State Correspondent

MARCH 7, 2024

Using the application every day not only builds generative AI familiarity and skills but also allows the banker to delve more into specific domain expertise such as compliance, as well as various industries, business lines, or products. 7 Steps to CoPilot for Banking Success Admittedly, Copilot for Banks is still brand new. AI handled 2.3

Training 195

Training Data Tools Technology 195

William Mills

MAY 10, 2016

There is a growing focus on customer experience and related compliance issues. For Banks, Know Your Customer, is a critical security responsibility. OurCrowd is bringing a fintech solution to the process of sourcing and managing deals. This is car-title lending updated by fintech. ^SR Simon Scheurer (CTO).

San Jose 40

San Jose Customer Experience Mobile social media 40

BankUnderground

AUGUST 9, 2022

Widespread adoption of crypto in the metaverse, or any other setting would require compliance with robust consumer protection and financial stability regulatory frameworks. Types of cryptoasset include non-fungible tokens (NFTs), cryptocurrencies, utility and security tokens. What is the metaverse? The role of cryptoassets.

System 126

System blockchain cryptocurrency Lending 126

Abrigo

SEPTEMBER 14, 2022

Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. It isn’t just a compliance program problem or a data management problem.

Lending 195

Lending Data Regulation Community 195

Insights on Business

NOVEMBER 1, 2018

Assessing revolutionary risk and compliance management solutions with outdated factors and antiquated perspectives may prevent you from seeing the bigger picture. The system is open to map any input from authentication, security, money mule analyses, or 3rd party alerts. When observing the waves, you may miss the shifting tides.

Fraud 107

Fraud Management Software Data 107

PYMNTS

JANUARY 12, 2017

McShirley pointed out that linked2pay offers a bank platform with a built-in registration for merchants that helps banks review the compliance, security and fraud aspects to help institutions construct a profile of potential new clients and better understand their risks. I’m definitely not for the status quo,” said McShirley.

Payments 100

Payments Risk Management Community Bank Community 100

Fintech Labs Insights

MAY 18, 2017

Before joining the Trulioo team, I spent a few years managing strategic partnerships at a global payments company and advised on payment fraud, security, efficiency and PCI compliance for nonprofits processing credit card and ACH payments worldwide. Tell us about your favorite implementation of your solution/technology.

Management 13

Management Compliance Fraud User Experience 13

Fintech Labs Insights

MARCH 28, 2017

Nearly 20 of the companies highlighted in Planet Compliance’s new RegTech Top 100 Power list – and five of the top ten – are Finovate and/or FinDEVr alums. Interestingly, Planet Compliance says it has added a “secret ingredient” to the ranking system. Call it them the Finovate Fifth. Founded in 2005.

San Jose 12

San Jose San Diego North Carolina California 12

Gonzobanker

DECEMBER 22, 2015

To those community bankers claiming their growing Compliance departments say no to everything. How about fighting harder with better examples and holding compliance officers as accountable as everybody else. FFIEC’s Cyber Security Self-Assessment Tool. And definitely include a meme. Somebody-Call-the-Whaambulance Award.

Community Bank 60

Community Bank Apple Community Technology 60

Fintech Labs Insights

MAY 24, 2016

Needless to say, it also has to be secure – our solution sits behind the bank’s firewall and is fully compliant with the strictest security and privacy requirements. Second is predictive analytics that can turn data into insights for the customer. It’s not enough to simply present information to the customer.

Analytics 14

Analytics Data Examples America 14

PYMNTS

AUGUST 3, 2016

Travis Jarae, an industry leader focused on initiatives related to the future of identity verification and developing FinTech compliance standards, knows firsthand the verification challenges plaguing the payments ecosystem and the future of digital identity.“A I would have to say the blockchain is the biggest innovation, period.

blockchain 100

blockchain social media Fraud Security 100