CFPB Monitor

SEPTEMBER 30, 2022

Market participants are advised by the FTC to keep the following three key principles in mind when conducting a BNPL compliance review: Misrepresentations regarding the cost of a product or the terms of the transaction, including associated fees, are deceptive and violate the FTC Act.

Compliance 78

Compliance Retail Report Marketing 78

Perficient

DECEMBER 14, 2023

One of the examples is managing the 12-b1 fees, which are marketing and distribution costs in mutual funds. This results in stronger supplier relationships, enhanced compliance and audit, and timely payments. One such transformative solution is Automated Invoice Processing. What is Automated Invoice Processing?

Training 221

Training Strategy Exercises Data 221

Perficient

DECEMBER 14, 2023

One of the examples is managing the 12-b1 fees, which are marketing and distribution costs in mutual funds. This results in stronger supplier relationships, enhanced compliance and audit, and timely payments. One such transformative solution is Automated Invoice Processing. What is Automated Invoice Processing?

Training 221

Training Strategy Exercises Data 221

Perficient

FEBRUARY 29, 2024

As new regulations come into play, embedded lending is becoming increasingly prevalent, highlighting the need for banks to leverage data analytics and automation effectively while ensuring compliance with regulatory standards.

Trends 221

Trends Industry Analytics Compliance 221

Perficient

JULY 11, 2023

Every company needs documents for its processes, information, contracts, proposals, quotes, reports, non-disclosure agreements, service agreements, and for various other purposes. Document creation and management is a crucial part of their operations. What is Industries Document Generation? How to generate documents?

Industry 346

Industry Data Management Meeting 346

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

SEPTEMBER 17, 2020

Physical documents introduce a trove of friction points for the enterprise. Whether that's a lack of security if a piece of paper falls into the wrong hands, or simply the pain of having to manually store a document or capture its data, paper is far from the most efficient way to do business. A (Digital) Document Deluge.

Compliance 157

Compliance Taxes Industry Data 157

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. There are thousands of providers in the market, Epperson said. There is a need for compliance activities that don’t burden the consumer, Epperson said.

Compliance 109

Compliance Regulation Meeting Strategy 109

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. Right now, 5 percent of the money transmission market is digital,” Nazzaro said. “[But] Digitizing Identity Verification.

Compliance 101

Compliance Regulation Online Payments 101

PYMNTS

APRIL 16, 2019

A German markets regulator has filed a complaint with prosecutors alleging that shares of Wirecard were manipulated by someone who potentially had prior knowledge of a forthcoming damaging article written by the Financial Times , according to Reuters. . Wirecard’s stocks fell after the Jan.

Regulation 116

Regulation Marketing Compliance Fraud 116

PYMNTS

DECEMBER 3, 2020

Kofax's solutions, the release stated, help to boost the speed and ease of processing financial documents and data, including automation of time-consuming manual work and easy ways to connect financial systems. 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

PYMNTS

DECEMBER 28, 2020

“It will force businesses to turn to subscriptions and other in-app payments for revenue, meaning Apple will profit and many free services will have to start charging or exit the market,” Dan Levy , Facebook’s vice president of Ads and Business Products, wrote in the post. 20 press release.

Compliance 148

Compliance Google Texas Apple 148

PYMNTS

FEBRUARY 12, 2020

Our concerns were further compounded by the fact that no information/documentation was provided to us on Feb. “We are taking a bit more time to make sure the product is ready for the European market,” they said. Facebook added that an impact assessment was filed and shared with the Irish commissioner ahead of the proposed launch.

Regulation 140

Regulation Compliance social media Data 140

PYMNTS

NOVEMBER 4, 2020

trillion trade finance gap that continues to plague the global market. Today, some documents are still sent the old-fashioned way," explained Tsafrir Attar , vice president of Digitization at Surecomp. Today, some documents are still sent the old-fashioned way," explained Tsafrir Attar , vice president of Digitization at Surecomp.

Regulation 234

Regulation Tools Compliance Technology 234

Abrigo

FEBRUARY 16, 2024

Customize documentation : Avoid a one-size-fits-all approach to documentation when it comes to the underwriting process. This will save time by ensuring that staff aren’t adding unnecessary length and detail to low-risk, low-maintenance documents. Discover options for loan policy review assistance.

Training 195

Training Risk Management Analysis Policies 195

CFPB Monitor

AUGUST 6, 2018

On July 26, 2018, the Federal Reserve Board (“ FRB “) announced the launch of the “Consumer Compliance Supervision Bulletin” (the “ Bulletin “) and simultaneously published its first issue. With this in mind, the July 2018 Bulletin focuses on a wide-range of consumer protection issues, including: Redlining.

Compliance 68

Compliance Risk Management Lending Training 68

Perficient

FEBRUARY 4, 2021

It creates a more efficient and less expensive lifecycle process as defects are identified and solved before going to market. By following WCAG, you will be able to design and develop an accessible site and tap into a potential new market of 61 million people. Accessibility Belongs in the Design Phase. Heading Structure.

UX 531

UX Guidelines Compliance Study 531

Abrigo

NOVEMBER 9, 2020

However, effective loan administration solutions or systems will help lenders avoid the most common documentation- and data-related deficiencies found during examinations. Is the financial institution’s loan administration software or system prompting action to be taken where warranted and documenting that action? stay informed.

System 195

System Lending Software Risk Management 195

Gonzobanker

AUGUST 17, 2022

Digital banking provider Alkami acquired data analysis and marketing campaign management provider Segmint Digital banking and payments provider Bottomline was acquired by Thoma Bravo for $2.6B. Industry expert John Meyer digs deeply into the implications of this industry-changing rollup deal here.

Fintech 195

Fintech Lending Software Compliance 195

South State Correspondent

MAY 18, 2023

Tate ingests currently approved documents and provides natural language answers to our employees. Our current state is an intranet built on ServiceNow , allowing employees to search for various documents to answer questions. Poorly structured documents cause the bulk of generative AI inaccuracies.

US 195

US Training Examples Data 195

Perficient

NOVEMBER 17, 2020

At the same time, Covid-19 presents opportunities for business leaders in the banking industry and beyond to develop strategies and branding that will define their future, as distinct market forces and customer behaviors will certainly emerge in the “new normal.” Nobody in the banking industry planned for a year like 2020.

Mobile 294

Mobile Online Conference Customer Experience 294

FICO

MARCH 24, 2021

During this period, financial institutions filed 7,044 SARs specifically designated as suspected TBML/BMPE (Black Market Peso Exchange) activity, versus the more than 9.6 Trade finance has traditionally been a resource-intensive manual process because global trade still depends on paper documents, making it susceptible to documentary fraud.

Compliance 98

Compliance Study Trends Fraud 98

Independent Banker

SEPTEMBER 25, 2014

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. As David Barr, spokesperson for the FDIC, points out, “a vast majority of community banks remain well-rated and exhibit satisfactory corporate governance programs and compliance management systems.”.

Compliance 101

Compliance Regulation Community Bank Community 101

PYMNTS

JANUARY 8, 2020

In documents released Tuesday (Jan. 8), the Securities and Exchange Commission ’s (SEC’s) Office of Compliance and Examinations (OCIE) offered up a list of its priorities for the year that has just dawned. Call it, perhaps, a New Year’s Resolution list — for regulators. The decision had originally been scheduled for Dec.

blockchain 138

blockchain Phoenix Compliance cryptocurrency 138

PYMNTS

JUNE 9, 2020

This has led many RegTech firms to receive impressive amounts of funding, and industry analysts now predict that the global AML solution market could reach a valuation of $3.6 The success of this Series A funding underscores the broad market demand for digital AML/KYC technologies that have risen amid the pandemic. billion by 2024.

Online 195

Online Report Compliance Fraud 195

Abrigo

OCTOBER 14, 2022

So how can banks help customers keep up in uncertain markets? Financial institutions wondering at what percent to stress test their real estate portfolios can use the Fed’s DFAST scenario document as a guide for creating boundaries based on where the different agencies think the market is headed. Adapt and adjust.

Risk Management 195

Risk Management Management Policies Lending 195

Abrigo

FEBRUARY 23, 2023

For smaller banks, longer-term industry consolidation trends and competition are also eroding deposit market share. According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. Check out our 1071 compliance resources. “And The result?

Community Bank 195

Community Bank Kansas City Community Lending 195

PYMNTS

SEPTEMBER 4, 2019

That could mean digitizing documents, integrating data across business partners, or accelerating the movement of funds across borders. Traditional banks are increasingly interested in how to open up those trade finance channels, too, making this market among the most common target for bank-FinTech collaborations. ADCB And dltledgers.

Fintech 143

Fintech blockchain Capital Innovation 143

PYMNTS

AUGUST 5, 2020

“For us, the revolution starts with the market,” said Co-founder and CEO Joshua Silberstein. The market is fundamentally changing, and as the market changes, so do the sources of competitive advantage. We do a complete marketing overhaul,” Silberstein explained. “We

America 336

America Marketing Operations Retail 336

Perficient

APRIL 2, 2021

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. These technologies are also used to better target marketing in retail and customize trade recommendations in wealth management. Credit Decisions. Textual analysis. Cybersecurity.

Regulation 309

Regulation Industry Risk Management Analysis 309

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. The company isn’t the first to use these technologies in the trade finance space.

Data 128

Data Compliance Resources Industry 128

PYMNTS

FEBRUARY 26, 2020

Cross-border payments are a fragmented space with disparate standards, service levels, and compliance and reporting regulations varying from country to country. Since the launch of ISO 20022, adoption has gained incredible momentum with financial institutions worldwide.

Community 261

Community Compliance Data Payments 261

PYMNTS

FEBRUARY 8, 2019

This is the third time that the same highly confidential documents from a compliance audit have been used as the basis for a defamatory media coverage,” the company said in its statement. In Munich, a prosecutor launched an investigation into Wirecard involving potential manipulation of the market, as well.

Compliance 135

Compliance Report Company Marketing 135

PYMNTS

FEBRUARY 1, 2019

Wirecard is being investigated for possible market manipulation. Citing internal documents, FT reported that a senior executive at Wirecard was suspected last year of using forged and backdated contracts in a series of suspicious transactions, which raised concerns about the accounting integrity of the company.

Regulation 144

Regulation Marketing Compliance Report 144

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

PYMNTS

NOVEMBER 23, 2020

Labruyere added that the funding “will be used to expand to new markets in Asia and develop digital tools” by offering corporate and financial services aimed at entrepreneurs, investors and small to medium-size businesses (SMBs). million documented foreign workers. Singapore itself has a growing economy, with 1.4

Fintech 151

Fintech Taxes Compliance Capital 151

PYMNTS

NOVEMBER 16, 2018

The company connects accountants, bookkeepers and small businesses to tax authorities to maintain compliance. market as a key target for the company. Those documents can be fed directly into the Xero accounting platform. Xero will acquire Instafile for $6.82 The takeover is expected to be closed next month.

Taxes 148

Taxes Software Compliance Meeting 148