PYMNTS

MARCH 8, 2018

and group compliance director, explained to PYMNTS how online tools can make remote identity verification even more robust than in-person processes — and also help kick cross-border payments into higher gear. “[But] we’re projecting by 2021, it’ll take up the majority of the market.”. In a recent interview, Brion Nazzaro, the company’s U.S.

Compliance 101

Compliance Regulation Online Payments 101

PYMNTS

DECEMBER 11, 2019

10), Craig Moore, CEO of business financing platform Beehive , not only made the case for more P2P lending in the Middle East (the company is based in the United Arab Emirates), but also gave a larger view of the FinTech situation in that region as a new decade dawns. But in a new PYMNTS interview on Tuesday (Dec. But that’s not all. “We

Fintech 144

Fintech Lending Regional Regulation 144

Insights on Business

JUNE 28, 2018

A recent explosion of AI applications is taking place in financial institutions, particularly in the area of risk and compliance. So how is AI helping risk and compliance processes? Risk and compliance departments suffer from massive data loads and exhausting regulatory requirements. That still sounds complicated, doesn’t it?

Compliance 70

Compliance Case Study Analysis Analytics 70

PYMNTS

MAY 23, 2019

To that end, Jessica Moran, general manager of Paymode-X Business Solutions at Bottomline Technologies , noted the continued (and accelerating) collaboration between banks and FinTech firms. As has been documented in this space, there are some challenges in getting companies to adopt automated AP solutions. Where We Are Now.

Fintech 191

Fintech Fraud Technology Innovation 191

PYMNTS

JUNE 5, 2020

Financial Institutions (FIs) that adopt open banking allow third parties like FinTechs to integrate with their application programming interfaces (APIs) to provide personalized financial management and payment apps that draw on bank customers’ data. We need to manage risk appropriately, but open banking is a good thing,” Davies said.

Security 174

Security Fintech Data Fraud 174

PYMNTS

MAY 12, 2020

Traydstream , a FinTech that looks at trade documents with artificial intelligence (AI), has partnered with Infosys Finacle to implement blockchain technology and further automate trade finance, according to a press release.

blockchain 213

blockchain Compliance Regulation Fintech 213

Insights on Business

NOVEMBER 12, 2018

Today, governance, risk and compliance (GRC) is being transformed by not only rapidly-evolving regulatory standards and growing costs of non-compliance, but also by the clear and present need for greater GRC adoption/engagement – by the first line of defense – while delivering added value by empowering business users.

Compliance 107

Compliance Technology User Experience Analytics 107

PYMNTS

JUNE 7, 2018

As financial institutions grapple with compliance costs, a finance industry organization in Asia wants regulators to allow new technologies that could help them fight money laundering.

Regulation 162

Regulation Fintech Examples Industry 162

Insights on Business

JUNE 20, 2018

For financial services institutions, the ever-growing volume of regulations and annual changes since the financial crisis continue to challenge banks’ capabilities, as well as their confidence, in managing compliance and risk exposure. IBM has also made investments in advanced analytics and AI for governance, risk and compliance.

Compliance 70

Compliance Innovation User Experience System 70

PYMNTS

MAY 26, 2017

Mizuho Financial Group , the Japanese financial company, is gearing up to launch a venture in June to create new businesses with FinTech. If we try to pursue business innovation within the bank, we have to ask around for permission from people in risk management, compliance and others. It takes forever,” said the executive.

Fintech 100

Fintech blockchain New York Risk Management 100

PYMNTS

NOVEMBER 4, 2020

Some FinTech leaders say that this lack of modernization is at least partly to blame for the estimated $1.5 Today, some documents are still sent the old-fashioned way," explained Tsafrir Attar , vice president of Digitization at Surecomp. Sometimes, they're still sending documents using snail mail.". The RegTech Opportunity.

Regulation 234

Regulation Tools Compliance Technology 234

PYMNTS

JUNE 9, 2020

FinTech firms and government bodies are responding to the wave of cybercrime by developing new anti-money laundering (AML) and know your customer (KYC) technologies, particularly those leveraging biometric authentication factors. Other companies are adopting biometric identity verification solutions from third-party FinTechs.

Online 195

Online Report Compliance Fraud 195

PYMNTS

APRIL 23, 2020

Below, PYMNTS rounds up the latest solutions that FinTechs and lenders are developing to ease the PPP lending process for SMBs and FIs alike, with many initiatives focused on enabling regional and community banks to maintain a competitive edge against the biggest banks.

Fresno 142

Fresno Regional Fintech Lending 142

Perficient

NOVEMBER 17, 2020

Although the execution wasn’t always perfect, banks that used technology to help small businesses speedily verify details and documents, streamline loan applications, and stand up mobile PPP loan applications fared better than banks that sat on the sidelines. Nobody in the banking industry planned for a year like 2020.

Mobile 294

Mobile Online Conference Customer Experience 294

PYMNTS

FEBRUARY 20, 2019

Its platform relies on machine learning to organize documents and connect information to enable instant compliance and faster decision making for lenders and developers in the real estate market. Through its platform, Rabbet aims to bring efficiency, accuracy, and visibility to the construction finance industry.

Fintech 134

Fintech Austin Texas Software 134

PYMNTS

APRIL 21, 2019

JPMorgan Chase is planning to expand its use of blockchain technology to improve the banking industry’s payment system, as well as get FinTechs to experiment on developing the platform. The platform allows banks to quickly resolve compliance issues that can delay payments by weeks.

blockchain 197

blockchain Payments Fintech Compliance 197

PYMNTS

MARCH 2, 2018

and India drove a surge in FinTech venture capital funding in 2017, and Accenture Financial Services Senior Managing Director Julian Skan pointed to the B2B business model as a significant presence in this trend. Total venture capital across the global FinTech market between 2010 and 2017 hit a combined $97.7 For markets like the U.K.,

Fintech 118

Fintech Capital blockchain Lending 118

CFPB Monitor

MARCH 28, 2022

Clyburn sought information from the nation’s largest lenders on their PPP lending policies and compliance efforts, including Anti-Money Laundering (“AML”) and know-your-customer (“KYC”) policies. Further widening its probe, the Subcommittee issued an additional information request to two other large FinTech firms on November 23, 2021.

Fraud 146

Fraud Compliance Lending Policies 146

CFPB Monitor

NOVEMBER 22, 2022

The report attributes the risk that such schemes will arise to bank/fintech relationships that “lack proper regulatory oversight or principles for responsible lending.”

Fintech 78

Fintech Report Data Lending 78

Bobsguide

MAY 30, 2022

To better help asset managers of European funds be prepared for the upcoming compliance requirements and regulatory disclosure obligations under the Sustainable Finance Disclosure Regulation (SFDR), global Fintech leader Broadridge Financial Solutions has launched a new Environmental, Social and Governance (ESG) reporting solution.

Management 147

Management Report Regulation Data 147

Bank Innovation

APRIL 28, 2017

It is expensive and time-consuming, and a lot of work to gather documents and data. It makes sense that fintech startups are taking on mortgages, but the uptake has been slow — until today. SAN JOSE, Calif. — Getting a mortgage is a terrible experience. Yesterday, a few mortgage services took the stage here at […].

San Jose 240

San Jose Fintech Data Online 240

PYMNTS

NOVEMBER 11, 2019

Users can apply for trade finance digitally, with their trade documents and data already uploaded on the NTP used to assess their applications and underwrite financing. MAS, as well as FinTechs from the country’s private sector, have propelled the nation into a global leading position in trade finance innovation.

Operations 100

Operations Compliance Fintech National 100

PYMNTS

AUGUST 7, 2017

The scanners will facilitate the firm’s OCR technology to scan and extract data from physical trade documents. This partnership will focus on Traydstream’s trade compliance offering to help businesses tackle the management of digital information. Collaboration with the FinTech industry, the ICC concluded, is helping.

Data 128

Data Compliance Resources Industry 128

PYMNTS

OCTOBER 16, 2018

Construction FinTech has evolved to target an array of financial friction points, with delayed payments, a mountain of paperwork and a crowded supply chain of contractors and subcontractors adding hurdles in the financial supply chain. Separate Contract Simply research found that it takes a lender an average of 5.5

Payments 161

Payments Fintech Lending Management 161

Abrigo

DECEMBER 20, 2021

The CBOT investigation determined that this was not an adequate number of analysts and that they were not thoroughly reviewing the documentation of each unusual activity alert. While templates are not inappropriate and can improve efficiencies, they should not be used without verification and supporting documentation.

Resources 195

Resources Texas Analysis System 195

PYMNTS

JUNE 30, 2020

That includes uploading documents, scanning documents with a phone, or even using biometrics or OCR (optical character recognition) technologies. Technology (as offered by FinTechs to streamline and make compliance more efficient) will transform how people send money, said Bermingham. “They can just log on.

Payments 253

Payments Technology Compliance Fintech 253

ABA Community Banking

DECEMBER 4, 2020

The post Federal Reserve to Publish Interagency FinTech Partnership Guide appeared first on ABA Banking Journal.

Fintech 59

Fintech Community Bank Community Policies 59

Accenture

MARCH 23, 2017

I wanted to follow on from my previous blog around the emergence of RegTech (technologies that address the challenge and cost of regulatory compliance.) Right now, compared with Fintech, RegTech has low investment for the size of spend. Right now, compared with Fintech, RegTech has low investment for the size of spend.

Regulation 150

Regulation Industry Trends Compliance 150

Independent Banker

AUGUST 31, 2022

The first day of the institute covered the regulations community banks are responsible for, observational skills, handling verbal and physical confrontations, social engineering, internal fraud, questioning documents and media relations skills. Learn more ».

Community 91

Community Security Community Bank Fraud 91

Accenture

MARCH 23, 2017

I wanted to follow on from my previous blog around the emergence of RegTech (technologies that address the challenge and cost of regulatory compliance.) Right now, compared with Fintech, RegTech has low investment for the size of spend. Right now, compared with Fintech, RegTech has low investment for the size of spend.

Regulation 150

Regulation Industry Trends Compliance 150

PYMNTS

DECEMBER 9, 2020

The process involves capturing a user’s live photo to compare alongside an official document, such as an Aadhaar card, which bears a unique, 12-digit ID number. billion in funding as of April, although the virus’s spread was greatly impacting India’s FinTech space. Such entities in India were granted relief on Jan.

Video 175

Video Capital Lending Security 175

CFPB Monitor

AUGUST 8, 2022

To help financial services companies manage the federal approvals, state licenses, and foreign “doing business” registrations they are required to maintain—and avoid penalties for non-compliance—Ballard Spahr has launched Ballard360 LicenSync. LicenSync is completely customizable.

Compliance 78

Compliance Tools Innovation cryptocurrency 78

Abrigo

DECEMBER 22, 2023

5 Big reasons to go digital with SMB & commercial lending Many financial institutions used a customer portal for PPP lending due to the sheer volume of customer loan requests and documents flowing to/from the bank and the customer. Then once PPP was over, some went back to our old manual processes and never looked back.

Lending 221

Lending Risk Management Community Management 221

PYMNTS

JUNE 21, 2018

FinTech companies have been doing their best to take disruptive approaches that are more automated and efficient than those of their traditional financial services counterparts. They are moving away from the old-fashioned “check box” approach to compliance, instead favoring a risk-based approach, as per the U.S.

Compliance 128

Compliance Fintech Data cryptocurrency 128

BankInovation

JUNE 6, 2022

Founded in 2018, TradeSun automates cybersecurity, compliance and document processing for digital trading at banks, and counts the $1.2 Cloud-native trade finance platform TradeSun has big buy-in from JPMorgan Chase. trillion Lloyds Bank and technology consultancy IBM among its partners.

Data 52

Data Compliance Technology Fintech 52

South State Correspondent

MARCH 7, 2024

The application spans across a bank so data in multiple calendars, emails, Teams’ messages and documents can be accessed. The banker can then refine the document from there, modifying and customizing as necessary. You can instantly create a five-slide PowerPoint presentation from email copy or an outline in a Word document.

Training 195

Training Data Tools Technology 195

Insights on Business

OCTOBER 18, 2017

We’ve seen two areas where Cognitive capabilities have proven critical: fraud detection and regulatory compliance. keep the documentation on those obligations current based on the ever-changing regulations, and 3. produce the appropriate records for the regulators to avoid penalties and proving their compliance.

Compliance 101

Compliance Fraud Regulation Technology 101