Perficient

FEBRUARY 29, 2024

Driven by technological advancements, regulatory changes, and shifting consumer preferences, the banking industry must evolve and respond accordingly. Facilitation of embedded lending while ensuring compliance: Embedded finance initiatives must adhere to regulatory requirements.

Trends 221

Trends Industry Analytics Compliance 221

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

OCTOBER 19, 2020

“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. They also want a document automation process that helps enhance their current security and compliance posture,” she explained.

Google 264

Google Tools Lending Industry 264

Perficient

OCTOBER 12, 2020

Specializing in cloud-based business transformation, Perficient’s new Treasury Technology practice will improve client’s global banking footprints through bank connectivity and address concerns for payment fraud. Businesses need the flexibility to define new banking relationships without the large, inflated IT projects. ”

Risk Management 309

Risk Management Fraud Management Compliance 309

Gonzobanker

APRIL 20, 2020

Compliance plays an important role in a financial institution’s relationship with its customers. As banks evolve to a digital-centric operating model, one of the laments Cornerstone often hears from our clients is, “Compliance won’t let us do that.” Give Compliance a Seat at the Table – Early.

Compliance 78

Compliance Customer Experience Guidelines Technology 78

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

Abrigo

AUGUST 25, 2015

Current technology has enabled auditors to analyze extensive amounts of financial data, allowing accounting professionals to more easily identify areas of risk. These technologies have also helped streamline time per audit and produced higher quality assurance. Is your firm taking advantage of these current technologies?

Technology 150

Technology Big Data Software Analysis 150

PYMNTS

APRIL 10, 2020

There are several complexities associated with reviewing and settling claims, given the nature of the insurance industry, which requires stringent customer authentication and documentation. The challenge is thus not figuring out if mobile disbursements are possible, but how they can be made, given insurers’ legal and compliance issues.

Mobile 198

Mobile Technology social media Customer Experience 198

PYMNTS

JUNE 5, 2020

Such solutions can “empower people to control their financial well-being,” Andrew Davies, vice president of global market strategy and financial crime risk management at financial services technology company Fiserv , told PYMNTS in a recent interview. The federal entity is charged with monitoring the U.S. How To Quickly Fight KYC Fraud.

Security 174

Security Fintech Data Fraud 174

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. Use the right technology.

Compliance 70

Compliance Case Study Analysis Analytics 70

PYMNTS

APRIL 8, 2019

Australian financial regulators are feeling pressure to ensure financial institutions treat customers properly and have turned to artificial intelligence (AI) in an attempt to improve compliance, according to a report by the Financial Times.

Compliance 108

Compliance Regulation Industry National 108

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.". Trade finance players, including corporates, banks and regulators, are finally ready to embrace modernization and technology.

Regulation 234

Regulation Tools Compliance Technology 234

PYMNTS

SEPTEMBER 11, 2019

Nicolas Dinh , chief operating officer of year-old Canadian financial startup STACK , recently spoke with PYMNTS about the key forms of fraud that nascent mobile financial services firms face and how companies can leverage security technologies and partnerships to gain customers’ trust. Partnering With Established Players.

Security 113

Security Fraud Mobile Cards 113

Perficient

FEBRUARY 17, 2021

EDI remains an indispensable technology that has evolved gradually over the last 50 years, but many EDI products are showing their age. Now is the time for businesses to keep pace with these changes, but to do so, it is essential to understand B2B processes and technologies and how to optimize them. Why Perficient.

Management 340

Management Customer Experience Technology Innovation 340

PYMNTS

MARCH 8, 2018

It also requires finding faster ways to securely address customer identification program (CIP) obligations and know your customer (KYC) requirements. Along with digitally handling money transfers, WorldRemit and others like it also need to be able to meet KYC and other compliance checks in an increasingly digital realm.

Compliance 101

Compliance Regulation Online Payments 101

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. billion by 2024. Around The Digital ID World.

Online 195

Online Report Compliance Fraud 195

South State Correspondent

MARCH 7, 2024

Microsoft’s Office 365 CoPilot, the integration of the Microsoft version of OpenAI’s Chat GPT into the Office suite, represents the fastest, and likely safest way, to integrate the latest technology within your bank. However, the technology is not without its risks. We are learning here like the rest of the industry.

Training 195

Training Data Tools Technology 195

PYMNTS

MARCH 29, 2019

Unfortunately, smoothly and securely connecting employers and freelancers from around the globe is no easy task. Gig work marketplaces must tackle these concerns on top of meeting various governments’ security and compliance regulations – and do so quickly, or they’ll turn their user base away. . Global Security .

Security 101

Security Video Fraud Tools 101

Gonzobanker

SEPTEMBER 21, 2023

Core connectivity and API providers CFM and NXTsoft merged, acquiring document workflow provider IMM and rebranding as Kinective. Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Alogent acquired document imaging and tracking solution provider AccuSystems.

Fintech 103

Fintech Software Illinois Lending 103

PYMNTS

JANUARY 18, 2021

These concerns regarding hiring- and onboarding-related issues superseded even technology-related worries, with roughly 16 percent of respondents pointing to problems with insufficient technological access, for example. . Forty-two percent stated that candidate approval would be a struggle. ID Verification In The Remote Age .

Fraud 281

Fraud Survey Training Resources 281

American Banker

OCTOBER 23, 2020

As the pandemic speeds digital adoption at financial institutions, the technology giants are pitching products that scan in data from mortgage documents and provide security and compliance controls used by in-house tech developers.

Software 90

Software Google Compliance Security 90

Gonzobanker

AUGUST 17, 2022

Engagement platform Personetics also secured $85M from Thoma Bravo Digital banking provider Apiture announced a fundraising round led by Live Oak Bank, Pinnacle Bank, and BHG Financial Digital banking provider Backbase raised $128.6M Industry expert John Meyer digs deeply into the implications of this industry-changing rollup deal here.

Fintech 195

Fintech Lending Software Compliance 195

CFPB Monitor

APRIL 25, 2022

As we will discuss, the timing of the Consent Order indicates that even when regulators permit crypto activities by financial institutions, they remain cautious, particularly as to BSA/AML compliance. The preliminary approval had requirements, including that Anchorage enter into an Operating Agreement with the OCC. The Consent Order.

Compliance 78

Compliance Digital Banking Training South Dakota 78

PYMNTS

DECEMBER 12, 2019

The partnership will combine Yooz’s paperless accounts payable technology with the Microsoft Azure cloud system to help companies automate their accounting processes and increase efficiency. “By 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

PYMNTS

JUNE 8, 2020

If they don’t report takeover attempts from abroad that could pose a risk to the country’s security, company directors in Britain could face the prospect of jail time. In December of 2019, the administration of Prime Minister Boris Johnson included a “national security and investment bill” in the Queen’s Speech.

United States 130

United States National Security Analysis 130

PYMNTS

DECEMBER 9, 2020

Developing a quick, seamless and secure onboarding process for financial institutions (FIs), lending startups and other financial services providers has long posed its trials. 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.

Video 175

Video Capital Lending Security 175

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

NOVEMBER 6, 2018

PCI compliance is vitally important for businesses that process credit cards. The standards put forth by the PCI Security Standards Council – the PCI Data Security Standards – offer a framework for ensuring data security, and they must be followed in order to avoid fines and other penalties. Gearing up for GDPR.

Compliance 179

Compliance Data Security eBook 179

Perficient

OCTOBER 6, 2020

Keep your crucial legacy applications secure and reduce costs by migrating them to Microsoft Azure with our Application Migration Accelerator. Most companies accumulate legacy applications over time, leading to issues with compliance, security, increasing support costs, and complex performance management. What It Is. What It Is.

Strategy 429

Strategy Training Analysis Security 429

PYMNTS

APRIL 26, 2019

Mile High Labs is using Chain.io’s platform, a blockchain solution called Vault, to provide proof of authorization and auditing documents. The company is able to upload documents to the platform to provide visibility into its supply chain , making it the first CBD user of Chain.io’s technology.

blockchain 158

blockchain Analysis Industry Compliance 158

Perficient

APRIL 11, 2023

In our experience, the control environment and the identification and evaluation of risks are often non-IT risks and are usually documented best via a series of facilitated workshops run by risk management professionals and involving professionals from the front, back, and middle offices.

Risk Management 275

Risk Management Tools Exercises United States 275

Abrigo

FEBRUARY 27, 2020

The Financial Crimes Enforcement Network (FinCEN), along with the Federal Banking Agencies, released a joint statement in December 2018 emphasizing financial institutions’ need to embrace technology to strengthen their BSA/AML programs. So, what exactly is machine learning in the context of AML compliance?

Innovation 195

Innovation Software United States Compliance 195

Insights on Business

OCTOBER 18, 2017

When it comes to adopting technologies, financial institutions have long been the investment leaders, putting new solutions to practical use, starting more than fifty years ago with the advent of the IBM mainframe. We’re living through another one of these massive technological shifts. Why is this evolution so important?

Compliance 101

Compliance Fraud Regulation Technology 101

PYMNTS

NOVEMBER 11, 2019

The November AML/KYC Tracker® details the latest security regulation changes, as well as how companies are leveraging new technologies to remain compliant and strengthen their fraud protections. The pair are located in different regulatory jurisdictions and thus present different compliance needs. Around The AML/KYC World.

Video 161

Video Fraud Compliance Security 161

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.

Payments 253

Payments Technology Compliance Fintech 253

PYMNTS

NOVEMBER 14, 2019

This means a more complex anti-money laundering (AML) and know your customer (KYC) compliance strategy. As the Tracker noted, Tata Mutual Fund is among the latest financial service providers to deploy video KYC tools, now requiring new clients to record themselves saying “hello,” click certain buttons and display ID documents.

Digital Banking 147

Digital Banking Video Strategy Tools 147

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. Developers only need to bring their intellect.”.

blockchain 197

blockchain Payments Fintech Compliance 197