PYMNTS

NOVEMBER 14, 2019

Offering digital and omnichannel platforms also creates a broader landscape for cybercriminals and fraudsters to infiltrate. This means a more complex anti-money laundering (AML) and know your customer (KYC) compliance strategy. Digital Banking, Digital Onboarding. ”

Digital Banking 147

Digital Banking Video Strategy Tools 147

PYMNTS

JANUARY 19, 2021

National Australia Bank (NAB) has chosen Eedenbull to integrate its payment and spend management technology for SMB customers. NAB will add Eedenbull’s Q Business platform to its offering to help SMBs track and manage spend, as well as to automate compliance controls. As part of the bank’s modernization initiatives, Komer?

Fintech 341

Fintech National Groups Tools 341

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

Open Banking is continuing to grow in new markets, and regulators both inside and outside of Europe are now turning their attention to security and data protection.

Digital Banking 136

Digital Banking Guidelines Regulation Data 136

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. Can AI Support Digital Banking’s AML Efforts? . resources.

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

OCTOBER 12, 2020

BitMEX has announced a new Chief Compliance Officer in Malcolm Wright, who will serve in the role for 100x Group, which operates HDR Global Trading Limited, which runs BitMEX.

Bitcoin 261

Bitcoin Compliance Lending Regulation 261

Bobsguide

MAY 8, 2022

This designation recognises GFT for the delivery of effective solutions to help its clients manage critical issues pertaining to the industry, such as risk management, core systems implementations, data management, navigating compliance requirements, and establishing governance models. “It 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

MAY 27, 2020

The ATM has emerged as one of CUs’ most important tools in this member engagement effort, in fact, with many investing in digitally-enabled ATM kiosks that provide members with on-demand videoconference consultations and a full range of digital banking services. Deep Dive: Offering An End-To-End Customer Experience Through ATMs.

ATM 243

ATM Innovation Meeting United States 243

PYMNTS

JULY 27, 2020

Banking veteran Richard Davies is leaving his role as CEO of banking at digital-banking shop Revolut , one year after coming aboard to bring his seasoned skills to the startup, the Financial Times reported. Davies’ exit comes just four days after the London-based operation announced $80 million in new funding.

United States 140

United States Leadership Risk Management California 140

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. “Many more companies will seek out digital banking solutions,” he said. Balancing Local With Global.

Regional 245

Regional Operations Fintech Tools 245

PYMNTS

DECEMBER 2, 2020

Credit Sesame will be using Trulioo GlobalGateway in order to provide identity checks on users, helping to ensure legal and regulatory compliance, the release stated. He said the company has put effort into "digitizing and automating the onboarding process so that manual intervention is required as a fallback measure when it’s necessary.”.

Compliance 140

Compliance Security Operations Digital Banking 140

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

PYMNTS

JUNE 5, 2020

Citi ‘s Treasury and Trade Solutions (TTS) customers have increased their utilization of the firm’s digital banking technology, while firms globally implemented continuity plans and telecommuting to stay in operation amid the pandemic.

Report 132

Report Online National Taxes 132

PYMNTS

AUGUST 29, 2019

is beginning to show signs of a challenger banking boom, with regulators recently introducing a bank charter to fast-track FinTechs’ ability to obtain nationwide approval to operate. 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

PYMNTS

JANUARY 21, 2020

The startup has said that business banking on the continent needs to be repaired, and that it can provide a much better experience with its mobile and online-first offerings. . Qonto is operational in Spain, France, Italy and Germany, and handled €10 billion ($11.08 Qonto launched its corporate digital banking solution in 2017.

Capital 131

Capital Digital Banking Compliance Mobile 131

PYMNTS

SEPTEMBER 8, 2020

The result is a slew of unstructured data coming in from a variety of sources; financial service providers must try to make sense of it in order to maintain regulatory compliance and mitigate the risk of fraud. Middesk aims to help these firms streamline and digitize this process. But when you look at business data, there's no FCRA.".

Fintech 198

Fintech Compliance Fraud social media 198

PYMNTS

DECEMBER 11, 2020

Invisible” is the operative word here, as the tsunami of remote onboarding triggered by COVID lockdowns has given fraudsters yet more cover to add to their anonymity. Speedy, secure onboarding is vital at a time when consumers have to use digital banking to prevent health risks,” per the Tracker. But that’s about to end.

Video 204

Video Security National Digital Banking 204

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

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. Both are critical.

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. Both are critical.

Compliance 150

Compliance Regulation Innovation Fintech 150

PYMNTS

JANUARY 6, 2021

And according to Doug Brown, senior vice president and general manager of digital banking at NCR , simplicity and innovation have turned what could have been a disastrous year into a transformational pivot for the better.

Innovation 318

Innovation Data Examples Community Bank 318

PYMNTS

MAY 3, 2019

Instead of pushing the work load over to us, much of the work should and could be done by the banks themselves, since much of the information required is publicly available information, like certificates of registration, with information related to who is authorized to sign for our company, and our many domestic and international subsidiaries.”

US 128

US Report Management Analytics 128

PYMNTS

JUNE 10, 2020

Goldman Sachs’ consumer digital bank Marcus is facing a nice problem to have (at least on the surface) in Britain. billion), the bank would have to “ring fence” those deposits. pause” by Marcus represents a derailment of the online bank’s momentum. regulatory constraints. “We But if that rises to 25 billion pounds ($31.9

Online 130

Online Digital Banking Retail Compliance 130

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

Perficient

AUGUST 9, 2022

Institutions must also prioritize regulatory compliance and be vigilant about carrying out consequences when their employees breach these expectations. Mike Randall, a co-founder of Greenwood, wanted to address the specific issue of bank branches being replaced by check cashing places that charge absurdly high-interest rates.

Community 275

Community Customer Experience ATM Examples 275

PYMNTS

APRIL 23, 2019

According to a report in The Financial Times , Revolut is making changes — including adding a customer service phone number — as it seeks to become more than a challenger bank, which will require increased funding from investors. The bank has amassed 4.7

Compliance 168

Compliance Leadership Course Company 168

Abrigo

MAY 20, 2022

Training is a regulatory component and one of the five pillars of compliance. Institutions and compliance professionals know that training should be undertaken and documented annually. Many compliance and fraud employees benefit from the networking and education gained within local groups or local chapter groups.

Trends 195

Trends Fraud Training Survey 195

PYMNTS

JULY 31, 2019

an effort that was already operating in Europe and Asia-Pacific. Visa, of course, provides entry into that program, and acts as mentor, helping FinTechs navigate the multiple moving parts that is the dynamic landscape of digital payments and new tech. Whole Ecosystem. “If program is designed to do — bring together those partners.”.

Fintech 192

Fintech Innovation US Payments 192

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

FICO

JANUARY 25, 2021

Customer identity management operates today in an unpredictable environment. It’s unsurprising then that discussions within businesses about how to implement identity management lead to misunderstandings, especially between IT, cybersecurity, and risk and compliance professionals.

Management 98

Management Fraud Customer Experience Compliance 98

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. It’s ushering in a new era of regulation and compliance – and there will be ramifications. Now, they’re laying down the law.

Regulation 130

Regulation Case Study Fraud Study 130

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

PYMNTS

JULY 29, 2019

Mastercard has expanded its services for SMBs in several ways over the quarter, launching new SMB card rewards that operate like a “toolbox” for fulfilling recurring needs, such as Mastercard ID Theft Protection. Mastercard is also working to improve its financial services by expanding open banking and digital banking services.

Payments 117

Payments Portland Oregon United States 117

PYMNTS

JUNE 21, 2018

In May, Union Bank gave a nod to blockchain, with work in place for remittance channels that come to Singapore. Digital banking is also making inroads in Poland, where Alior Bank is linking with solarisBank, Mastercard and Raisin to create a digital bank geared toward serving all residents in the EU.

blockchain 100

blockchain Digital Banking Illinois Chicago 100

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

PYMNTS

OCTOBER 17, 2018

This forces many operations to continue using cash. GFA, however, will offer basic financial tools to these businesses, including access to online banking, checking accounts, debit cards, cash management and payroll services. “If

Colorado 126

Colorado Massachusetts US Industry 126