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

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

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

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. There are several options that can be used to send real-time payments to claimants, but many offerings are still undergoing legal or security checks, Schmitt said.

Mobile 198

Mobile Technology social media Customer Experience 198

PYMNTS

FEBRUARY 28, 2020

PYMNTS’ Credit Union Innovation Index found 65 percent of CU members chose credit unions as their primary financial institutions (FIs) because they trusted them, compared to 45 percent of non-CU members who said the same. Third-party incidents are difficult for CUs, as they do not have direct control over outside security practices.

Data 131

Data California Security Pennsylvania 131

PYMNTS

MAY 10, 2016

But Tungsten Head of Compliance Lucy Ashdown offered her take on the company’s research to discuss why FinServ firms might be seeing more invoice fraud than other industries. officials to combat fraud, Ashdown also discussed who carries the torch of responsibility when it comes to fighting this kind of security lapse in the enterprise.

Fraud 100

Fraud Compliance Security Industry 100

Insights on Business

JANUARY 3, 2019

But while mobile devices give us great power and convenience, they also create new security and privacy challenges. Regulatory compliance : Given these challenges, regulators from around the globe continue to act by issuing and amending guidelines on the usage of cloud and how to prevent and respond to cyber threats.

Risk Management 128

Risk Management Management Regulation Guidelines 128

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

OCTOBER 24, 2018

There are monetary penalties involved in the event that data is used in non-compliance with laws. The aim may be to foster data privacy and protection while making sure that innovation can take place — but how to get there is open for debate, and some stakeholders want a national data-privacy law in place.

Data 122

Data US California Guidelines 122

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

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

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. Our approach to technology innovation is to keep the consumer at the center of everything we do, and taking a view from the customer’s standpoint makes it easier for us.

How To 136

How To Risk Management Technology US 136

PYMNTS

JANUARY 8, 2020

Square ‘s mobile card reader undoubtedly made a significant impact on the mobile point-of-sale ( mPOS ) market, and kick-started a slew of recent innovations to broaden the ability for small to medium businesses (SMBs) to accept payments just about anywhere.

Mobile 141

Mobile Payments Data Technology 141

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. This heightened demand for security is what Cotter said sets financial institutions apart from other verticals when it comes to procurement and supplier management.

Management 100

Management Risk Management Software Analytics 100

Cisco

FEBRUARY 5, 2019

As a first-timer at Cisco Live Europe, I wasn’t quite sure what to expect , and I definitely didn’t expect to encounter those three in the same place. I heard a lot about wanting to provide meaningful customer experiences through enhanced mobile and digital experiences, but how regulatory and security constraints are getting in the way.

Security 69

Security Video Industry Customer Experience 69

PYMNTS

NOVEMBER 20, 2019

When it comes to payments, artificial intelligence does indeed hold the promise of bringing more efficiency to a variety of areas, not the least of which is online security. And while the headline use cases have been in the world of fraud and compliance protections, the reality, he said, is that the application of AI tools is expanding.

Tools 126

Tools Video Marketing System 126

Insights on Business

SEPTEMBER 18, 2016

Many banks are concerned that PSD2 is a cost center that will compromise client relationships and security. Setting the stage for open banking, PSD2 is meant to promote innovation, where new business models emerge and leaders are born. Services to Offset PSD2 IT Infrastructure Costs. See my previous API blogs.)

Marketing 70

Marketing Payments Compliance Security 70

FICO

JANUARY 18, 2023

In the absence of definitive U.S. Having worked closely with business leaders in banking and financial services for decades, I have a deep respect for their rigor in achieving regulatory compliance in a multitude of areas. In pondering the regulatory and compliance horizon for 2023, the American Banking Association noted: .

Analytics 52

Analytics San Diego Regulation Compliance 52

Insights on Business

JULY 20, 2017

I wasn’t particularly inspired by the Wikipedia definition , so I’ll give you mine. They are the mechanism that banks use to exchange customer data with other parties in a simple and secure way. It used our cloud platform to create a “developer hub” that is offered to fintech as a platform for innovation. Open banking for all.

Fintech 181

Fintech Mobile Examples Data 181

PYMNTS

MARCH 27, 2018

The definition of the word “ extend ” means to stretch out or lengthen one’s reach. Braintree Extend, which launches today, makes it possible for merchants to extend their reach into other ecosystems and environments and to share payments data in a secure, compliant way.

Security 123

Security Data Fraud Payments 123

Javelin Strategy & Research

SEPTEMBER 2, 2014

I can’t get enough of innovation and digital strategy. My 30 year career started in merchant e-commerce technology, with numerous product management/leadership/launch roles before moving over to product-innovation research some fifteen years ago. I’ll provide one more example of the elusive win-win innovation.

Innovation 58

Innovation DC FDIC Strategy 58

Cisco

FEBRUARY 5, 2019

As a first-timer at Cisco Live Europe, I wasn’t quite sure what to expect , and I definitely didn’t expect to encounter those three in the same place. I heard a lot about wanting to provide meaningful customer experiences through enhanced mobile and digital experiences, but how regulatory and security constraints are getting in the way.

Security 48

Security Video Industry Customer Experience 48

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

MARCH 14, 2019

The same should be true of securing individual data, he said, but consumers are a little more complicated and have demands far more varied by context. For innovation in authentication, he said, the places to look are where firms stand to lose a lot from failure to authenticate the individual or bot conducting a transaction.

Innovation 148

Innovation Security Google Technology 148

Gonzobanker

NOVEMBER 17, 2016

Every discussion and presentation focused on the challenges and innovations financial institutions are tasked with to create “frictionless” experiences. Megatrend #2 – Secure and Compliant is a Non-Negotiable. Alipay, China’s “Global Lifestyle Super App,” is definitely on Cornerstone’s radar.

Payments 60

Payments Las Vegas Risk Management Cyber Security 60

PYMNTS

JULY 16, 2019

The definition of omnicommerce, as used today, could stand an adjustment to include more elements that are blurring the line between digital and physical experiences, Saraf noted. They want three lines of code and a basic [application programming interface (API)].

Fraud 138

Fraud Payments Course Mobile 138

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

PYMNTS

FEBRUARY 8, 2017

So good, in fact, that the six-and-a-half-year-old firm actually took down the silver medal at Innovation Project 2016 for most invisible innovation. So, definitely not so invisible anymore — in fact, Flywire is getting easier to spot by the day. At the turn of 2017, we’re now also leading the pack in the U.K.,

Bitcoin 100

Bitcoin Payments Innovation United States 100

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.” Krishna said.

Marketing Automation 100

Marketing Automation Marketing Cards Payments 100

FICO

NOVEMBER 12, 2019

At FICO, we have the privilege of working with the smartest, most innovative folks in the financial industry on the thorniest, most complex problems facing the industry. Across the industry, we don’t have a consistent definition for synthetic identity fraud. over the course of the past decade.

Fraud 40

Fraud Resources Industry Groups 40

CFPB Monitor

JANUARY 16, 2019

Residential mortgage backed securities (RMBS) data from IMF, Bloomberg, L.P., Based on the presumption of compliance with the rule, which is conclusive for non-higher priced loans, mortgage lenders mainly will originate a QM loan when possible. Application-level data from nine lenders covering over 9 million applicants.

Survey 60

Survey Data Analysis Policies 60

CFPB Monitor

MARCH 8, 2017

He observed that “[c]ertain perspectives presented in the comments are not surprising,” with banks and other financial companies raising concerns about consumer data security and aggregators and users of the data recommending less fettered access and greater freedom to store and use collected data.

Conference 74

Conference Policies New York City Data 74

South State Correspondent

JUNE 27, 2023

For example, ISO 20022 defines the elements of a real-time payment, what constitutes a beneficial owner, or what happens during a transfer of securities for collateral (below). One major innovation is the ability to send an “information only” message to add more data to a transaction message.

System 195

System Data Examples Payments 195

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

PYMNTS

MARCH 6, 2020

Our findings are at once sobering and encouraging: Just 10 percent of FIs report using AI that meets our specific and narrow definition. percent increase from our previous study conducted in 2018, the AI Innovation Playbook , which showed a usage rate of just 5.5 This represents a 69.7 percent of them. percent of them. In contrast, 9.3

Data 204

Data Fraud Study Compliance 204