Bobsguide

AUGUST 7, 2022

Cloud migration digitalizes the bank’s processes, enhances integrated ecosystems and enables new opportunity for growth in the UK. Moving from an on-premises model to a cloud-based managed service is a big part of our operational strategy for treasury activity,” said Gary McDermott, Treasurer at The Co-operative Bank.

Operations 68

Operations Strategy Innovation Policies 68

PYMNTS

JANUARY 31, 2020

However, the most intriguing development in the Open Banking world is not the impact of these two regulations inside of Europe, but outside of it. Other regulators in Australia, India and Singapore are examining financial innovation rules of their own, using GDPR and PSD2 as guidelines.

Digital Banking 136

Digital Banking Guidelines Regulation Data 136

PYMNTS

AUGUST 29, 2019

Small businesses have historically been deemed as unprofitable by major banks, with FIs’ innovation efforts often prioritizing consumer products, followed by commercial banking offerings. The initiative has been met with resistance, however, and many FinTechs continue to rely on bank collaboration in order to launch their U.S.

Fintech 173

Fintech Innovation Lending Digital Banking 173

Bobsguide

MAY 8, 2022

Cloud has moved from leading edge to the baseline of banking success. A recent GFT survey revealed that 95% of banks adopt cloud to improve time to market, while 86% of them do it to improve innovation and scalability. BankLiteX, accelerating cloud-based digital banking.

Compliance 166

Compliance Risk Management Digital Banking System 166

PYMNTS

OCTOBER 29, 2020

The technology conglomerate announced this week a new cloud service to help smaller banks integrate anti-money (AML) laundering protections via its Financial Crime and Compliance Management Cloud Service. First Horizon Bank Adopts NCR Technology. CFPB Seeks Open Banking Guidance. TrueLayer Launches in Australia.

US 203

US Fintech Tennessee Compliance 203

PYMNTS

JUNE 15, 2020

Supply chain disruptions and economic volatility have elevated risk exposure for many enterprises, but for small- to medium-sized businesses (SMBs) operating globally, that risk of exposure can be catastrophic. Digitization of SMB banking has been a key driver of innovation in this arena for recent years.

Regional 245

Regional Operations Fintech Tools 245

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

Bank Innovation

FEBRUARY 11, 2019

Cambr, a cloud-based platform powered by investment firm StoneCastle and digital banking software provider Q2 Holdings, is helping neo-banks and fintechs launch and scale up through a network of 850 community banks.

Community Bank 170

Community Bank Community Software Innovation 170

PYMNTS

FEBRUARY 24, 2020

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. as they upgrade their online data and financial rules to support global digital banking innovations. he remarked.

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

SEPTEMBER 8, 2020

In the mad dash for small firms to secure capital, many sought their PPP loans from banks other than their usual financial service providers, creating a logistical nightmare for financial institutions (FIs) that still rely on manual and outdated customer onboarding workflows. But when you look at business data, there's no FCRA.".

Fintech 198

Fintech Compliance Fraud social media 198

NCR

JUNE 12, 2017

Any bank embarking on a journey towards omni-channel service delivery will have many questions to answer and challenges to overcome along the way, as I explore in this whitepaper. One of the key stages of an omni-channel transformation is assessing your existing operating model and looking for ways it can be improved.

Operations 82

Operations ATM Customer Experience Examples 82

Bank Innovation

APRIL 18, 2016

‘Cloud’ used to be a scary word in banking — but as the services offered by Amazon, IBM and others grow more sophisticated, both bankers and regulators are learning to love the cloud. Banks have generally been reluctant to move important information from in-house environments to the cloud, but that could Read More.

Compliance 150

Compliance Tools Regulation social media 150

Gonzobanker

DECEMBER 14, 2023

A lover of picking bank stocks and playing piano who served our country in the U.S. which provides digital banking videos and user guides to help FIs increase their customers/members’ digital adoption. Paul wrote the “ Online Banking for Dummies ” book in the late ’80s. Paul Murphy, founder of Murphy & Co.

Fintech 194

Fintech Community Regional Technology 194

South State Correspondent

JUNE 27, 2023

Bank data is much the same. You can survive as long as you use the same ecosystem, such as your core system and digital banking platform. With an ISO20022 message, banks can provide and receive detailed information about the transaction, like the purpose of the payment, full party details, and remittance information.

System 195

System Data Examples Payments 195

PYMNTS

FEBRUARY 26, 2020

Back then, FinTechs asked for forgiveness instead of permission, rushing headlong into markets, disrupting them and operating in newly invented spheres of finance that regulators barely understood. The party always ends, however, and governments have caught up to all that wild innovation. Now, they’re laying down the law.

Regulation 130

Regulation Case Study Fraud Study 130

PYMNTS

NOVEMBER 1, 2018

FinTech innovation is often a layered process, taking existing infrastructures and processes, and developing new tools to improve upon them. These markets have similar challenges to the legal marijuana sector: products that are regulated, expire and have unique needs in terms of compliance and shipping.

Taxes 122

Taxes California Regulation Innovation 122

PYMNTS

JULY 7, 2020

The Peoples Community Bank is broadening its existing relationship with banking technology provider Finastra , the firms revealed this week in a press release , with the financial institution (FI) looking to accelerate its own innovation and product rollouts. Surecomp Debuts as-a-Service Offering.

Community Bank 242

Community Bank Community Fintech Regional 242

Banking 2020

OCTOBER 23, 2015

It is rare that industries are served well by consolidation of similar players as these rarely drive innovation and mostly seek to benefit from cost saving through scalability, operational efficiencies, and product rationalization. With all of these pressures on retail banking, the industry needs innovation more than ever before.

Innovation 40

Innovation ATM Strategy Industry 40

PYMNTS

JUNE 11, 2019

Payments is a particularly large opportunity, and, as Garrabrants explained, offers a chance for banks to improve legacy payment practices, like paper checks and wire, with technology. In the case of Axos Bank, for instance, the FI addresses small business banking pain points by lowering the cost of using these traditional payment tools.

Lending 150

Lending Fintech Regulation Tools 150

South State Correspondent

OCTOBER 26, 2023

Our Top 10 Insights From Money 20/20 From these sessions and announcements, we pulled out ten of our most important takeaways, each having an impact on bank operations in the coming year. The big takeaway from Money 2020 is that banks need to do a better job at policing themselves and that BaaS is not as scalable as once thought.

Conference 221

Conference Las Vegas Fraud Case Study 221

Gonzobanker

DECEMBER 19, 2022

SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Seacoast Bank is at it again… and this time it is blowing past $10B in a big way. In just five months, Seacoast announced three bank acquisitions ( Drummond, Apollo , and Professional ) totaling a little over $4.7B Goes to MVB Financial.

Community 216

Community Fintech Industry Innovation 216

Bank Innovation

MARCH 9, 2017

Community banks can also play the fintech game. BankMobile — the digital bank, formerly a division of Customers Bancorp Inc. — was acquired by Flagship, a Florida-based community bank, for $175 million. “We We are an independent bank,” said Luvleen Sidhu, BankMobile’s co-founder, regarding the acquisition. “We

Community Bank 252

Community Bank Community Fintech Florida 252

Bank Innovation

JUNE 27, 2018

The bank's innovation team, which unveiled its SoftBank Robotics-run robot Pepper yesterday, hopes that this will draw more traffic into the branch, and thus increase business. The innovation team at HSBC […].

Video 207

Video New York Innovation social media 207

Bank Innovation

MAY 9, 2018

Chatbots are great for personal interactions with banks, but the camera may soon provide an even more powerful tool for gauging customer sentiment. Not according to Raghu Rajah, vice president of digital banking, engineering and product management at […]. Seems unbelievable, right?

Tools 223

Tools Digital Banking Management Metro 223

Bobsguide

JUNE 22, 2022

Anindya Roy, President – Europe at ITC Infotech commented, “Banking treasury teams are looking to modernize their processes and improve their operational resilience. Leveraging cloud delivery, bank employees can focus on their core roles, rather than worrying about underlying IT.

Capital 60

Capital Technology Operations Regulation 60

PYMNTS

AUGUST 13, 2020

“It’s one thing to have a limited electronic option available — that’s quite different than having a strong digital strategy.”. I think especially in times of crisis, we have to look at what a sound digital payout strategy can do.”.

Cards 202

Cards Strategy Digital Strategies Examples 202

Insights on Business

NOVEMBER 20, 2017

As the commercial banking landscape transforms rapidly to adapt to an increasingly digital world, it’s clear that client-demand-led schemes like faster payments are challenging the traditional paradigms we’ve held sacred for decades. The Central Banking authorities like the U.S. Being a truly digital bank is real.

Payments 79

Payments Guidelines Digital Banking Industry 79

Celent Banking

SEPTEMBER 7, 2016

Just for a moment, imagine that you are a corporate treasurer, forced to find a new lead transaction banking provider because one of your incumbents is either getting out of the business, prefers to work with companies that are smaller/bigger/borrow more money or has closed down its operations in several countries where you do business.

Compliance 100

Compliance Innovation Management Operations 100

Bank Innovation

MARCH 31, 2016

Fidor Bank is closer to its U.S. launch, but is still missing a critical piece to complete its services: a bank charter. Fidor began in Munich in 2007, and gained traction as a digital bank during and after the financial crisis. It has routinely been hailed as one of the most Read More.

Digital Banking 150

Digital Banking Operations Online Compliance 150

PYMNTS

NOVEMBER 15, 2019

It has thus become imperative for banks to have the most recent technological innovations. Digital-first approaches are also beneficial to FIs’ back-ends. Third-party cloud servers do have their drawbacks, however, including compliance and security risks.

ATM 127

ATM Video Survey Chicago 127

Insights on Business

JUNE 11, 2016

Focus is on innovation: removing friction, streamlining processes, updating stale business models and leveraging insights to dramatically improve clients engagements. Clients are transforming digitally but also rethinking how humans and machines interact, out-thinking competitors, opening up a Cognitive Era with cognitive banking.

Security 70

Security System Compliance Course 70

Insights on Business

JUNE 11, 2016

Focus is on innovation: removing friction, streamlining processes, updating stale business models and leveraging insights to dramatically improve clients engagements. Clients are transforming digitally but also rethinking how humans and machines interact, out-thinking competitors, opening up a Cognitive Era.

Security 70

Security System Compliance Course 70

PYMNTS

SEPTEMBER 6, 2016

Jenkins sees two worlds — banks and payments — that both need to come together to address cybersecurity. Payments had been relatively static with innovation around cash, checks and credit cards. Then, there was sudden exponential growth in innovation. The Pace Of Business Transformation. Now located in the U.S.,

Security 100

Security CA Payments Big Data 100

FICO

JANUARY 5, 2021

It’s no surprise that COVID-19 would be one of the subjects that drew readers to the FICO Blog last year, but for the Fraud Protection and Compliance category it wasn’t the only top draw. Two of our top five posts focused on digital transformation innovations in biometrics and customer identification. Prediction 2 – More Robots.

Fraud 52

Fraud Compliance Survey Google 52

William Mills

FEBRUARY 9, 2016

Even the use of the term “fintech” has changed, not only to reflect technology companies that support financial institutions and payments, but to also describe competition from non-traditional companies looking to take a piece of business from banks. We are pleased to provide you with our views on 2016 key areas of interest for bankers.

Innovation 41

Innovation Compliance Fraud Data 41

Insights on Business

SEPTEMBER 8, 2016

Sustained low interest rates and the ongoing operational costs – in particular the cost of compliance – are compressing profit margins. In response, most banks are cutting costs and expenses aggressively. Cognitive computing – applied to banking – solves a lot of problems. And it’s a much needed influx of innovation.

Study 70

Study social media Compliance Operations 70