Perficient

JANUARY 3, 2024

The COVID-19 pandemic prompted several unprecedented shifts in society, notably impacting the workplace and necessitating the adoption of innovative technologies that facilitate collaboration and efficiency in a work-from-home (WFH) environment.

Compliance 221

Compliance Risk Management Regulation Industry 221

PYMNTS

OCTOBER 19, 2020

Google Cloud is aiming to innovate the mortgage industry with its new artificial intelligence (AI) tool called Lending DocAI. In this industry, borrowers and lenders have high expectations; they want a mortgage document processing solution catered to improving operational efficiency, while ensuring speed and data accuracy. “In

Google 264

Google Tools Lending Industry 264

Perficient

JUNE 1, 2023

We also enable clients to use Writer’s snippets to follow strict compliance regulations and efficiently include disclosures in their Sales and Marketing. Boost operational efficiency and rapid scalability by effortlessly generating new documents using existing data and content with the help of AI-powered document creation.

Compliance 251

Compliance Industry Regulation Data 251

Perficient

FEBRUARY 29, 2024

Explore and integrate alternative data sources and innovative scoring models to offer fairer assessments of creditworthiness. Facilitation of embedded lending while ensuring compliance: Embedded finance initiatives must adhere to regulatory requirements.

Trends 221

Trends Industry Analytics Compliance 221

PYMNTS

JULY 22, 2019

The task in that environment is to find solutions for the “1,000 new FinTechs rising to meet that challenge,” according to Atassi, and to do that concurrently with an entirely new regulatory and compliance structure going into place. 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

JULY 2, 2018

According to John Epperson, principal at Crowe LLP , that goes to show that the current approaches to regulatory and compliance technology ( RegTech ) aren’t working. That conflicts with organizations’ compliance needs, as they require a certain level of information to meet the standards. Why RegTech? A Cultural Shift Is Needed.

Compliance 109

Compliance Regulation Meeting Strategy 109

Abrigo

DECEMBER 30, 2019

Institutions must create a strong culture of compliance. Creating a Culture of Compliance. One of the more important takeaways from 2019 is that all institutions, regardless of size or risk profile, must have a strong culture of compliance, as directed by FinCEN’s advisory in 2014. Looking back to strengthen your BSA program.

Training 195

Training Compliance Leadership Fraud 195

PYMNTS

DECEMBER 3, 2020

Intelligent automation supplier Kofax has announced new innovations for its invoice and accounts payable (AP) solutions, according to a press release. That lets banks and other financial institutions cut down on times for processing, boost compliance and bolster productivity.

Resources 173

Resources Compliance Management Innovation 173

Abrigo

JUNE 10, 2020

Adequately staffed and risk-focused AML resources with good documentation are critical. LaFontaine failed to take sufficient action when presented with significant AML program deficiencies in the Bank’s SAR-monitoring system and the number of staff to fulfill the AML compliance role by his AMLO [AML Officer],” the document said.

Resources 195

Resources Regulation Compliance Policies 195

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

South State Correspondent

MAY 18, 2023

The Start of Our Generative AI Journey “Tate,” a contraction of SouthS tate, was a brainchild of our Spark Innovation group, a team of 35 employees from various sections of the Bank brainstormed a use case, created personas, outlined a user journey, and then developed an action plan.

US 195

US Training Examples Data 195

Insights on Business

JANUARY 23, 2017

They’re spending about $100 billion a year on compliance efforts. The problem is that traditional technology is not well designed to understand and manage regulatory compliance. Now, however, IBM is applying new technology to the field of regulatory compliance that can highlight critical information faster than any human.

Compliance 70

Compliance Regulation Training Study 70

PYMNTS

JUNE 27, 2017

He also offers advice for how to innovate in the field. Here is an excerpt of the conversation: PYMNTS: How would you define your company’s approach to innovation? PYMNTS: Where do you look for innovative ideas, and why? PYMNTS: What is the most innovative thing you’ve ever done? JB: Innovation often means taking a risk.

Innovation 145

Innovation System Mobile Trends 145

PYMNTS

NOVEMBER 4, 2020

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.". Regulatory concerns over the security and compliance that these tools offer is one factor behind that struggle. The RegTech Opportunity.

Regulation 234

Regulation Tools Compliance Technology 234

PYMNTS

DECEMBER 12, 2019

The partnership will help businesses increase value in their finance, accounts and purchasing departments by providing automation and speeding up processes while also checking for compliance. Whatever their size, our ambition is to provide them with solutions that are ever more innovative and effective on a daily basis.

Compliance 150

Compliance Customer Experience Maine Security 150

FICO

JUNE 11, 2019

Tax agencies have a limited amount of resources to pursue tax compliance activities (collections and audit). Tax Compliance - Why Use Analytical Models at Tax Agencies? Tax Compliance - Predictive Analytical Models. Tax Compliance - Tax Analytics Opportunities for Audit. Three Types.

Taxes 58

Taxes Analytics Compliance Resources 58

FICO

MARCH 24, 2021

Trade finance has traditionally been a resource-intensive manual process because global trade still depends on paper documents, making it susceptible to documentary fraud. Maintain a strong Tone at the Top (“Culture of Compliance”). Plan for upticks in particular areas of AML compliance activity. Document, document, document! (In

Compliance 98

Compliance Study Trends Fraud 98

Abrigo

APRIL 27, 2020

The Exam Manual was originally intended to provide instructions to examiners when assessing the adequacy of a financial institution’s BSA/AML compliance program when it was first published in 2005. Retain all documentation used in developing your risk assessment, including all reasoning in elevating, or decreasing a particular risk category.

Regulation 195

Regulation Compliance Software Analytics 195

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

PYMNTS

OCTOBER 18, 2019

A document titled “Central Bank Money: The Next Generation,” part of a two-year research project, was reportedly presented to the current Bank of Canada Governor Stephen Poloz in 2018. MSBs will now include domestic and foreign businesses “dealing in virtual currency,” Canada’s government said. “As

cryptocurrency 102

cryptocurrency Taxes Compliance Regulation 102

PYMNTS

SEPTEMBER 4, 2019

trillion gap in global trade finance — continues to be used as a driver of FinTech innovation as technology startups look for ways to address friction in global trade financing. That could mean digitizing documents, integrating data across business partners, or accelerating the movement of funds across borders. ADCB And dltledgers.

Fintech 143

Fintech blockchain Capital Innovation 143

PYMNTS

MAY 2, 2019

Their partnership will focus on promoting regulatory compliance and digitization of cross-border trade , with the NextGen solution providing analysis of trade transactions, natural language processing to assess unstructured data and customer activity and process automation that aligns bank resources and policies. ”

Analytics 134

Analytics Compliance Analysis Resources 134

Insights on Business

OCTOBER 23, 2019

Their contribution in our “innovating in the open” approach is part of the reason we received this honor. IBM OpenPages with Watson is an integrated governance, risk, and compliance platform that companies can use to assist in managing risk and regulatory challenges across the enterprise. as discussed in my previous blog.

Risk Management 125

Risk Management Compliance Management Policies 125

PYMNTS

OCTOBER 26, 2018

For banks, that information is key to facilitate the processing of a transaction and ensure the proper compliance checks are complete, including Know Your Customer (KYC). “There is a different between sharing more information, and being able to securely share actual documents,” Armstrong told PYMNTS.

Data 150

Data Compliance Payments Tools 150

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

CFPB Monitor

MARCH 15, 2022

According to the complaint, in 2020 and 2021, OppFi provided documents to the DFPI in response to the DFPI’s request for information relating to its partnership with the Bank. The DFPI is not alone in asserting a “true lender” claim. Maryland, New York, North Carolina, Ohio, Pennsylvania, West Virginia, and Colorado.

California 78

California Innovation Utah West Virginia 78

Insights on Business

AUGUST 15, 2018

IBM RegTech Innovations. A few weeks ago, my colleague Sam Kalyanam discussed the challenge facing financial institutions regarding the way they conduct anti-money laundering (AML) compliance. Let’s be honest, banks and other institutions have been dealing with sub-par compliance processes for a long time.

Compliance 70

Compliance Analytics System Regional 70

Cisco

NOVEMBER 16, 2020

Aligning employee video conferencing and collaboration use with your security, risk, and compliance requirements. Leveraging AI to detect compliance, data exposure, and acceptable use risks in collaboration sessions. Safe collaboration across your distributed locations and dispersed workforce.

Security 138

Security Compliance Video ATM 138

Abrigo

APRIL 14, 2020

If beneficial ownership information has NOT been previously verified on an existing customer, they do not need to collect and verify the beneficial ownership information, unless otherwise indicated by the lender’s risk-based approach to BSA compliance. For the most recent FAQs document, click here. For the FinCEN update, click here.

Policies 195

Policies Software Resources Compliance 195

PYMNTS

SEPTEMBER 20, 2018

Requirements around the recording of digital data — for instance, newer rules on Hours of Service records and electronic recording of drivers’ hours worked — have industry players adopting tools to maintain compliance. “There’s definitely a market out there.

Industry 158

Industry Tools Regulation Management 158

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

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

BankUnderground

MAY 15, 2024

For instance, prudential supervisors receive large amounts of documents from regulated firms, where they meticulously review these documents to triangulate the various requirements of financial regulations, such as ensuring compliance and identifying areas of risk. or leave a comment below.

Training 68

Training Regulation Policies Data 68

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.) Perhaps it’s making better use of existing data to lower the challenges of regulation for compliance staff—as FinTech Labs start-up, Enford, is excelling at. Watch this space! [1]

Regulation 150

Regulation Industry Trends Compliance 150

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.) Perhaps it’s making better use of existing data to lower the challenges of regulation for compliance staff—as FinTech Labs start-up, Enford, is excelling at. Watch this space! [1]

Regulation 150

Regulation Industry Trends Compliance 150

Perficient

OCTOBER 6, 2020

Most companies accumulate legacy applications over time, leading to issues with compliance, security, increasing support costs, and complex performance management. Security and compliance considerations. Provide solution design documentation, deployment guidance, user scripts. Return to Work With Safety and Innovation.

Strategy 429

Strategy Training Analysis Security 429