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

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

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

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

Abrigo

MARCH 11, 2022

Expert insights on 10 regulatory topics that NBFIs should consider this year Review this list of what regulators are looking for in 2022 to help your NBFI pass exams with flying colors. Takeaway 3 NBFIs should review common deficiencies in AML programs that regulators are citing and fix issues before their next audit or exam.

Regulation 195

Regulation cryptocurrency Policies Management 195

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

Abrigo

MARCH 7, 2022

Experts weigh in on regulatory hot topics for 2022 Review these 10 insights into what regulators are looking for in 2022 to help your financial institution pass exams with flying colors. Takeaway 1 Regulators have increased their focus on BSA in the first quarter of 2022, and the crisis in Ukraine will put OFAC in the spotlight.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

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

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. Held in Bloomington, Minn., Learn more ».

Community 91

Community Security Community Bank Fraud 91

PYMNTS

JUNE 30, 2020

For digital players like Nium , said Bermingham, individuals must be able to open accounts and provide the information required to satisfy local, countrywide and global regulations for online transactions. There are many different ways you can onboard a client today,” he said. “They can just log on.

Payments 253

Payments Technology Compliance Fintech 253

PYMNTS

OCTOBER 29, 2018

As a result of the passage and adoption of open banking regulations, like PSD2 in Europe, banks and other financial firms are sharing data more freely than ever before. Adapting To Open Banking . New open banking tools mean new types of financial transactions, which could make fighting digital fraud even more difficult for banks.

Security 192

Security Fraud Tools Data 192

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

PYMNTS

APRIL 3, 2018

Between the threat of FinTechs and small business owners’ increasing willingness to switch banking providers, financial institutions are waking up to the demand for better SMB services. This reality is often cited by small business FinTechs. Small business (SMB) banking is in need of an overhaul.

blockchain 177

blockchain Tools Regulation Fintech 177

PYMNTS

DECEMBER 2, 2016

It’s certainly not the largest funding round the B2B FinTech industry has seen. According to its cofounder, Aditya Tulsian, incoming tax regulation changes, along with India’s recent demonetization, mean SMEs are going digital and will need to keep better track of funds. with an $18 million investment. B2B eCommerce.

Fintech 100

Fintech Capital Lending Taxes 100

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. Now, however, regulators are seeing the need for new tools and approaches in this new environment, even for larger organizations. Efficiency.

Compliance 128

Compliance Fintech Data cryptocurrency 128

PYMNTS

APRIL 26, 2018

A month away, and the General Data Protection Regulation (GDPR) looms large. Many of the larger EU-based firms have been preparing for GDPR for years and have processes in place that anticipate the formal debut of GDPR and its compliance mandates. As Shakespeare wrote centuries ago (without data mapping in mind), the readiness is all.

Regulation 128

Regulation Data Compliance Examples 128

PYMNTS

MARCH 26, 2018

The rise of RegTech is not by chance: There is an undeniable link between regulatory changes and technological innovation, and that link has a profound impact on FinTech and the financial services market. Europe is an epicenter for both regulatory shifts and FinTech innovation. Take the market’s VAT legislation, for example.

Taxes 102

Taxes Fraud Compliance Regulation 102

PYMNTS

APRIL 20, 2017

s challenger bank landscape is spreading since regulators have welcomed new competition into the retail banking space. It seems that every few weeks another FinTech is seeking a banking license in the U.K. Many of these companies take a digital-first approach to their offerings, and that means a digital approach to compliance, too.

Compliance 110

Compliance Innovation social media Lending 110

PYMNTS

NOVEMBER 15, 2019

Against the backdrop of Open Banking, and in an effort to compete, financial institutions (FIs) must give consumers the ability to share their data with third parties, including FinTech firms. The data access agreements between traditional FIs and FinTech firms strive to address concerns over data transparency, security and control.

Data 162

Data Fintech Security Resources 162

Insights on Business

JULY 20, 2017

Regulations, such as Payment Services Directive (PSD2), are forcing banks to “open up”, enabling customers to easily share data with third parties. The emergence of financial technology (fintech) and the push of regulators for more competition are disaggregating and open this closed value chain. The fintech hub.

Fintech 181

Fintech Mobile Examples Data 181

Let's Talk Payments

MAY 9, 2016

Traditionally, dealing with regulations is a costly and a cumbersome affair. Regulatory documents are 100-plus pages long which aren’t clearly legible. Furthermore, references to multiple documents including previous versions of.

Compliance 40

Compliance Industry Regulation US 40

PYMNTS

SEPTEMBER 25, 2020

Documents sent by banks to the Financial Crimes Enforcement Network (FinCEN) of the U.S. MineralTree bought Atlanta-based Regal Software and California FinTech Inspyrus. Money transfer organizations have to remain in compliance with regulations or they will encounter sizable penalties or let crime spread.

Maine 153

Maine social media Atlanta Massachusetts 153

PYMNTS

JULY 5, 2018

Banks and regulators joined together to begin testing a new KYC-compliance solution developed on R3 ‘s Corda blockchain platform. ” The idea, R3 added, is to enable banks to maintain KYC compliance without having to individually maintain and update KYC records. Testing Continues.

blockchain 117

blockchain Compliance Technology Regulation 117

PYMNTS

MAY 23, 2019

Germany’s financial markets watchdog BaFin has ordered FinTech N26 to boost its anti-money laundering (AML) controls. As a result, the online bank was criticized for not being diligent about security and compliance controls as it rushed to grow.

Regional 108

Regional America Compliance Security 108

PYMNTS

JULY 2, 2018

Australia’s alternative finance community has vowed to heighten transparency following criticism over Prospa ‘s high interest rates, which caused the FinTech to scrap its initial public offering (IPO). ” The goal of this requirement is to provide a clear breakdown of costs for borrowers.

Lending 100

Lending Comparison Fintech Compliance 100

PYMNTS

JULY 22, 2019

Others are just looking for a way to even be able to comply with KYC [know your customer] regulations as they are trying to remotely enroll unbanked consumers.”. Part of that, he added, is across-the-board high standards when it comes to compliance and verification.

Innovation 161

Innovation Payments Regional America 161

PYMNTS

DECEMBER 6, 2017

Collaboration between FinTechs and banks. That’s where FinTech comes in. The CEO admitted that he was skeptical of the technology at first, especially considering the complexity and inevitable regulation surrounding cryptocurrencies. The evolution of blockchain-based services.

Payments 183

Payments blockchain Innovation Fintech 183

CFPB Monitor

JANUARY 12, 2021

The Taskforce was charged with examining the existing legal and regulatory environment for consumers and financial services providers and making recommendations to the Bureau’s leadership for improving consumer financial laws and regulations. Electronic signatures and document requirements. The report consists of two volumes.

Report 78

Report Regulation Policies Compliance 78

PYMNTS

SEPTEMBER 13, 2017

PingPong Global’s niche is not only being the first, and only, FinTech company created solely to focus on sellers and merchants based in China. Additionally, cross-border payments mean that firms have to work with banks, regulators, compliance and even cultural nuances that can all add up to friction that hinders smooth eCommerce.

San Francisco 101

San Francisco Compliance Regulation Branding 101

Insights on Business

MARCH 22, 2018

On the other, you need to observe ever-changing regulations, manage voluminous amounts of structured and unstructured data, and perform often repetitive and mundane tasks, opening the door for human error and mistakes. Surprisingly, asking for public documents, and also duplicate document requests to clients is a common issue.

Regulation 79

Regulation Analytics Analysis System 79

PYMNTS

SEPTEMBER 11, 2019

Dinh noted they must be especially wary of the most prevalent attacks, such as fraudsters seeking to take over existing customer accounts or onboard using synthetic IDs — falsified documents created by altering or cobbling together pieces of legitimate IDs. This approach remains important as the company considers international expansion.

Security 113

Security Fraud Mobile Cards 113

Insights on Business

APRIL 5, 2018

As the financial services industry continues to be disrupted by smaller, agile fintech startups, long-established financial institutions are looking for ways to keep pace. One approach to accomplish this is to build, deploy and even monetize next-generation apps on the IBM Cloud.

Operations 102

Operations Analytics Software Data 102

CFPB Monitor

JUNE 11, 2019

This bill created the nation’s third regulatory sandbox program for fintechs, after Arizona , which enacted sandbox legislation in March 2018, and Wyoming , which enacted sandbox legislation in February of this year. The size of transactions involving money transmission are similarly regulated on a case-by-case basis.

Utah 60

Utah Arizona Regulation Innovation 60

NCR

FEBRUARY 22, 2016

Fintech startups utilize innovative technology to make financial systems more efficient, taking advantage of cloud data storage and blockchain technology. They want to get on the cloud, but have concerns about the security of customer data, and are afraid of violating the numerous compliance requirements they must adhere to.

Innovation 40

Innovation Compliance Security Data 40

Tech and Finance

APRIL 20, 2016

RegTech, the use of technology to meet the growing number of financial regulations, needs a nudge from regulators, according to JWG, a London-based think tank with an unenviable focus on regulation. Perhaps wisely, JWG does not expect regulators to simplify and harmonize their rules. This is equivalent to 2.6

Regulation 28

Regulation Meeting Technology System 28

Tech and Finance

APRIL 20, 2016

RegTech, the use of technology to meet the growing number of financial regulations, needs a nudge from regulators, according to JWG, a London-based think tank with an unenviable focus on regulation. Perhaps wisely, JWG does not expect regulators to simplify and harmonize their rules. This is equivalent to 2.6

Regulation 28

Regulation Meeting Technology System 28

CFPB Monitor

SEPTEMBER 10, 2020

The DBO’s press release stated that it issued a subpoena to LoanMart requesting financial information, emails, and other documents “relating to the genesis and parameters” of its arrangement with CCBank. Thus, both the OCC and FDIC have adopted regulations rejecting the Second Circuit’s Madden decision.

Utah 78

Utah California FDIC West Virginia 78