FICO

JANUARY 8, 2020

“ It’s like déjà vu all over again ,” is one of my favorite Yogi Berra-isms, and as I look across the domain spaces served by FICO to write my 2020 predictions, it’s definitely déjà vu all over again. At long last, fraud and compliance infrastructures are starting to converge. Fraud and Compliance Infrastructures Converge.

Compliance 52

Compliance Fraud New York City Analytics 52

Insights on Business

DECEMBER 12, 2018

This past year brought governance, risk and compliance (GRC) to the center stage. Organizations in financial services and other sectors witnessed an increase in “airtime” given to risk and compliance issues at the board level. Drive efficiency across risk & compliance processes. Innovating in the open.

Innovation 111

Innovation Compliance User Experience Regulation 111

PYMNTS

JULY 11, 2017

The basis of innovation is not the desire to create something new or even the inspiration to do so. Innovation occurs where there is a problem and a person with the tools to solve it. Anyone can have a good idea,” Lowthers said; innovation is about what you do with it. PYMNTS: Where do you look for innovative ideas, and why?

Innovation 101

Innovation social media Security Leadership 101

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. RegTech has two aims: increasing the effectiveness and the efficiency of compliance.

Compliance 150

Compliance Regulation Innovation Fintech 150

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. RegTech has two aims: increasing the effectiveness and the efficiency of compliance.

Compliance 150

Compliance Regulation Innovation Fintech 150

PYMNTS

DECEMBER 27, 2017

A new study from the Center for Talent Innovation (CTI) found that, according to the 2015 US government’s definition of disability , a significant portion of the white-collar workforce has a physical or mental impairment that substantially limits a major life activity: 30% of a nationally representative survey of 3,570 white-collar employees.

Compliance 100

Compliance Leadership Training Innovation 100

CFPB Monitor

NOVEMBER 8, 2021

The California Department of Financial Protection and Innovation has published a fourth round of modifications to implement SB 1235 , the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances.

CA 78

CA Regulation California Compliance 78

PYMNTS

MARCH 19, 2019

We hope regulators can give the industry a clear and definite timetable, and give guidance and a ray of hope for companies that stick to compliance,” Guo said. The situation of the industry shows that the one-size-fits-all rule will definitely curb innovative businesses.”.

Regulation 138

Regulation Regional Lending Compliance 138

Bobsguide

FEBRUARY 22, 2022

An award winning institution, Gansu Bank has won acclaim for innovation, risk management and technology practices in the recent past. The Bank took rapid growth strides powered by a robust platform that enables speed and compliance. TCS is definitely enabling our organization to become a highly competitive, IT savvy bank.” “A

Risk Management 78

Risk Management Innovation Compliance Software 78

PYMNTS

SEPTEMBER 29, 2017

But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance. Compliance with domestic and international standards is considered a must,” Beaulande recently told PYMNTS. Staying Updated.

Fintech 141

Fintech Risk Management Compliance Management 141

ZootBlog

JANUARY 14, 2016

Over the past several years as banks focused on staying in compliance with myriad new regulations, innovation slowed—nearly to a standstill. In 2016 equilibrium will start to take place as the financial industry embraces the tremendous potential technology holds for them and innovation finds its way back.

Innovation 73

Innovation Industry blockchain Customer Experience 73

FICO

MARCH 24, 2021

In part 1 of the series on trade-based money laundering (TBML) , we established a definition of the term, explored some recent studies and highlighted some typical techniques employed by the criminals. Maintain a strong Tone at the Top (“Culture of Compliance”). Plan for upticks in particular areas of AML compliance activity.

Compliance 98

Compliance Study Trends Fraud 98

Perficient

OCTOBER 6, 2020

Most companies accumulate legacy applications over time, leading to issues with compliance, security, increasing support costs, and complex performance management. Security and compliance considerations. Security, compliance, governance, IAM, monitoring, and cost considerations. Program definition. Innovation channel.

Strategy 429

Strategy Training Analysis Security 429

PYMNTS

JANUARY 22, 2018

There are two key focuses for mid-market expense management tools, he said: infrastructure and regulatory compliance. ” Perhaps one of the biggest challenges for this space is that the exact definition of the middle market isn’t exactly clear. “We are more than welcoming them.”

Management 116

Management Compliance Taxes Marketing 116

PYMNTS

OCTOBER 7, 2016

His definition of RegTech is automating highly manual processes or high-cost centers to achieve a new level of scale, but this definition can mean different things depending on the business itself. It’s no question that compliance is now a massive line item on the balance sheet of bigger banks. Raising The RegTech Bar.

Compliance 197

Compliance System Industry Regulation 197

CFPB Monitor

FEBRUARY 2, 2021

Since the California Consumer Financial Protection Law (CCFPL) became effective on January 1, the state’s Department of Financial Protection and Innovation (DFPI) has wasted no time in asserting its expanded jurisdiction over consumer financial services providers. (The One of the companies entering into an MOU is Payactiv, Inc.,

CA 60

CA Company Innovation Regulation 60

PYMNTS

MARCH 17, 2017

One area in which we’ve seen innovation break through recently may come as a surprise: insurance. If there was any industry that could be viewed as the definition of mundane and stuck in its ways, it would be insurance. AS: DLTs can definitely provide a lot of value to the industry. And it’s not specific to FinTech.

blockchain 127

blockchain Industry Bitcoin Innovation 127

PYMNTS

APRIL 10, 2020

The challenge is thus not figuring out if mobile disbursements are possible, but how they can be made, given insurers’ legal and compliance issues. v has yet to build out support for more innovative mobile disbursement methods, but it does have the technical capacity to do so.

Mobile 198

Mobile Technology social media Customer Experience 198

PYMNTS

OCTOBER 17, 2017

is taking some definitive steps on that stage. Developers are seeking to instantly embed payments inside their organizations, and without the risk and compliance issues often associated with the standard model of payments acceptance. WePay and the firm’s staff will serve as JPMorgan’s Silicon Valley payments innovation incubator.

Payments 217

Payments Software Fintech Compliance 217

PYMNTS

MARCH 16, 2017

Althaus explained that, across industries and across company size, businesses essentially experience the same pain points of international accounts receivable: visibility, speed, cost, complexity and compliance. Meanwhile, each particular geographic market has its own set of regulations, geopolitical and compliance demands.

Marketing 109

Marketing Payments Compliance Innovation 109

CFPB Monitor

APRIL 6, 2017

In recognition of the numerous compliance difficulties posed by the rule, the CFPB has indicated that it is amenable to making substantive changes to the rule, and on March 9, the CFPB proposed to delay the rule’s implementation date in response to feedback from the prepaid industry.

Compliance 68

Compliance Industry Regulation Innovation 68

CFPB Monitor

APRIL 6, 2017

In recognition of the numerous compliance difficulties posed by the rule, the CFPB has indicated that it is amenable to making substantive changes to the rule, and on March 9, the CFPB proposed to delay the rule’s implementation date in response to feedback from the prepaid industry.

Compliance 68

Compliance Industry Regulation Innovation 68

Insights on Business

MARCH 20, 2019

Companies are trying to implement a more common or standard framework for various audits across finance, risk, operations, internal, suppliers, and compliance departments in order for them to achieve better audit efficiency, reinforce compliance and achieve operation excellence. Streamlining your audit with IBM OpenPages with Watson.

Compliance 79

Compliance Risk Management Management Policies 79

Insights on Business

MAY 30, 2018

Innovating AI in user experience (UXD) to empower the first line of defense. I recall a recent conversation in which you mentioned the shift in how the first line of defense sees risk and compliance compared to just a few years ago? Now, of course, it’s like dozens, and compliance has exploded since then.

Compliance 87

Compliance User Experience Innovation Risk Management 87

PYMNTS

DECEMBER 6, 2017

And, much to the relief of corporates, the continuing focus on B2B payments innovation. We are definitely seeing more innovation in the cross-border B2B space in the last two years than we have ever before,” he recently told PYMNTS. “We The evolution of blockchain-based services. Collaboration between FinTechs and banks.

Payments 183

Payments blockchain Innovation Fintech 183

PYMNTS

SEPTEMBER 20, 2018

Requirements around the recording of digital data — for instance, newer rules on Hours of Service records and electronic recording of drivers’ hours worked — have industry players adopting tools to maintain compliance. “There’s definitely a market out there.

Industry 158

Industry Tools Regulation Management 158

PYMNTS

JULY 27, 2020

And it’s built mostly on top of Zoop’s technology that allows other companies to offer financial services because they do all the compliance, the central bank regulations, and all of the KYC [know your customer] that needs to happen. There is definitely a chance to push the trend for all who are interested,” he said.

Mobile 153

Mobile America Regulation Regional 153

Abrigo

MARCH 24, 2021

The AMLA expands the scope of BSA programs and SAR filing requirements to include antiquities dealers, which are now within the definition of financial institutions. These enhanced penalties confirm the continued importance of the FinCEN culture of compliance guidance and should be stressed during your board of director’s training.

Regulation 195

Regulation Training Study Policies 195

BankBazaar

APRIL 19, 2023

Having a recourse to raise issues transparently, coupled with resolution timelines and penalty for non-compliance will not only make the error reporting and resolution process at the CICs more transparent, but it will also increase the trust of consumers in these CICs by leaps and bounds.

Policies 78

Policies Meeting Trends Marketing 78

PYMNTS

JUNE 21, 2018

A customized approach, Noblanc explained, enables them to meet compliance and regulatory standards, which vary by region. For instance, if a smart car can’t definitively authenticate a driver, then that person will not be able to get in or drive it.

Security 197

Security Regional Resources System 197

PYMNTS

JULY 18, 2018

And now there’s a definitive amount, and it’s nothing to sneeze at: $5 billion (or about 4.3 “These practices have denied rivals the chance to innovate and compete on the merits,” said EU Competition Chief Margrethe Vestager. billion euros).

Google 101

Google System Operations Mobile 101

South State Correspondent

MARCH 7, 2022

As the pace of banking innovation speeds up, the OODA Loop, and its supporting concepts, can help a bank’s management team have a common framework to make decisions faster and more effectively. However, that may be too narrow of a definition. In this article, we highlight the framework and show its power.

Strategy 221

Strategy System Training Examples 221

PYMNTS

AUGUST 10, 2017

Innovation can sometimes be seen as a solution looking for a problem, but it’s time to stop thinking of technology as bells and whistles and start looking at it as a necessary element of doing business for a changing consumer base – and up against a changing landscape of challenges and threats. How do you manage security and risk?

How To 136

How To Risk Management Technology US 136

PYMNTS

JULY 11, 2016

. “Almost every bank on the planet now has their blockchain exploration division,” McCaleb recently told PYMNTS about the rise of banks’ partnerships with blockchain innovators like Stellar. “They definitely see the writing on the wall that the world is moving in this direction.”

blockchain 100

blockchain Compliance Security Technology 100

PYMNTS

JUNE 10, 2016

While cybersecurity is paramount for any corporation, banks face significant compliance issues when their data (and their clients’ data) isn’t secure. Whereas, for a lot of FIs, risk management has definitely become a board-level issue.” Otherwise, he said, they risk getting left in the dust. ”

Management 100

Management Risk Management Software Analytics 100

FICO

AUGUST 3, 2022

FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Innovative Customer Communications for Fraud. Convergence – Beyond Fraud and Financial Crime Compliance. Catch a Wave of Innovative Thinking. Tue, 07/02/2019 - 02:45. by TJ Horan.

Fraud 52

Fraud Analytics Trends Innovation 52

PYMNTS

NOVEMBER 17, 2017

We have definitely seen instances where community banks are innovating to meet the unique needs of their customer base,” he told PYMNTS. Issuing cards and creating a payments strategy, he said, can help community banks innovate in effective and exciting ways.

Community Bank 115

Community Bank Community Cards Lending 115