PYMNTS

APRIL 29, 2020

The trouble with black swan events is that no two of them look alike, so preparing for them is a dicey business. The unforeseen, global seismic events that touch every aspect of daily life tend to leave things forever changed. were still built on COBOL, so making the technological leap into the 21st century is no easy task.

Technology 142

Technology System Meeting Resources 142

Insights on Business

FEBRUARY 27, 2018

A common assumption in risk and compliance is that financial institutions typically have to spend more to meet their regulatory obligations. To achieve this, IBM and Promontory Financial Group are at the forefront of applying cognitive technology to regulatory demands. “Meaning, [regtech] is a teammate.

Compliance 98

Compliance Risk Management Management Regulation 98

Perficient

NOVEMBER 27, 2023

Imagine a technology that can precisely pinpoint where a process bottlenecks, track where inefficiencies are, AND offer ideas for automation opportunities. This is partly due to processes being forced to run across a rigid and fragmented technological landscape. Instead of creating value, digitization often creates execution gaps.

Industry 221

Industry Regulation Compliance Data 221

Insights on Business

MAY 1, 2019

While deregulation has been a trend over the past few years, compliance monitoring and regulatory change management remains a top focus for financial institutions of all sizes. Greater availability of data, facilitated by real-time integrations makes it possible for compliance experts to monitor a wide variety of sources.

Compliance 122

Compliance Management Regulation Analysis 122

Perficient

FEBRUARY 22, 2023

The Summit brings together experts in the field, including bank executives, technology vendors, and consultants, to discuss the latest advancements in automation and its impact on the banking industry. Perficient will also bring insight surrounding the banking industry’s growing use of blockchain to the Summit.

Trends 474

Trends North Carolina Customer Experience Charlotte 474

CFPB Monitor

JUNE 30, 2022

Of special note, the OCC also believes compliance risk is “heightened” for Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and Office of Foreign Assets Control (OFAC) compliance because of world events and compliance staffing concerns. BSA/AML Compliance Risks. Cybersecurity Risks.

Compliance 78

Compliance Fraud Technology Operations 78

PYMNTS

APRIL 22, 2016

But technology is changing the foreign exchange trading game, and market volatility may be the only sure thing in this space. The company provides traders and institutions with a virtual private server (VPS) service, using cloud technology to host an FX trading platform. Technology, too, makes this possible. Seismic Shifts.

Marketing 100

Marketing Security Technology Fintech 100

PYMNTS

SEPTEMBER 19, 2019

Supply chain management has morphed into a strategic business initiative combining technological adoption, event forecasting and even politics: awareness of its complexities has never been higher thanks to threats of a trade war between the U.S. Technology to the Rescue — Maybe. Inaccuracy of [a] forecast is unpardonable.”.

Technology 117

Technology Strategy Management Industry 117

PYMNTS

OCTOBER 13, 2016

Regulation and compliance can be a tough space for many to wrap their heads around. As technology advances, the threat to digital security and identity protection becomes greater, forcing regulations to quickly adapt. Compliance Decoded. Why Compliance Is Going Social.

Compliance 100

Compliance blockchain Regulation Data 100

Abrigo

AUGUST 7, 2023

Assessing and preparing for staffing needs AML and fraud compliance is an essential obligation for financial institutions. Safeguarding the integrity and effectiveness of a financial institution’s anti-money laundering (AML) program is paramount to ensuring regulatory compliance and detecting illicit activity.

Training 195

Training Fraud Leadership Resources 195

Insights on Business

AUGUST 8, 2018

Nearly two years ago Lloyd Blankfein, CEO of Goldman Sachs, predicted that the demand for compliance analysts to meet the institution’s regulatory obligations would soon be leveling off : This has a Y2K feel about it – that is, we have to hire additional people because we have to get ourselves up to speed. IBM RegTech Innovations.

Compliance 79

Compliance Innovation Regulation Analytics 79

South State Correspondent

OCTOBER 26, 2023

Money 20/20 cocktail parties started at noon, and events from sponsored race car driving to helicopter tours were common. JP Morgan took over the centrally located Delmonico’s steakhouse for the entire event, which must have been a seven-figure investment.

Conference 221

Conference Las Vegas Fraud Case Study 221

Fintech Labs Insights

MARCH 15, 2024

The pandemic slowed the introduction of new events. Last week’s event in Las Vegas attracted a self-reported 4,000 attendees and was the talk of the fintech pods and Substacks the last few weeks. However, as a product-focused conference producer, I don’t fully understand the appeal of this networking-first event. –

Conference 15

Conference Las Vegas Fintech Case Study 15

PYMNTS

APRIL 14, 2020

With the black swan event of COVID-19 , not only have the markets been adversely affected, but daily life as we know it has been altered dramatically, at least for the foreseeable future. As an instant payments company, we have learned from past events that business continuity and pandemic planning is a core part of the payments business.

Payments 258

Payments Exercises US Compliance 258

FICO

JANUARY 8, 2020

At long last, fraud and compliance infrastructures are starting to converge. In the US, the use of artificial intelligence and machine learning in compliance is set to expand dramatically, per directives from the Financial Crimes Enforcement Network (FinCEN). Fraud and Compliance Infrastructures Converge. Let’s dive in.

Compliance 52

Compliance Fraud New York City Analytics 52

PYMNTS

OCTOBER 17, 2016

Technology has the power to help a business rise up from the competition. Small businesses, too, have an appetite for technology. This week, in our B2B Data Digest, PYMNTS examines how technology is both making life easier and harder for small business owners throughout the globe. 78% of U.S.

Technology 100

Technology Analytics Survey Data 100

Bank Innovation

FEBRUARY 6, 2017

Companies from a wide range of fintech are finalists in the demo contest at Bank Innovation 2017, the event announced today. The finalists were chosen from applicants from around the world. A total of 12 companies will demo at Bank Innovation. The winning startup will be named Best in Show. Read More.

Innovation 150

Innovation Meeting Technology Fintech 150

Perficient

MARCH 17, 2023

This provides near real-time visibility into operations events as well giving the ability to take action earlier. It also highlighted how blockchain supports Supply Management by supporting parties while conducting transactions with each other through improved security, contract compliance, and cost reduction.

blockchain 275

blockchain Management Data Security 275

BankInovation

MAY 4, 2023

Financial institutions are looking to risk mitigation and regulatory compliance technology following the industry turbulence brought on by the recent collapses of Silicon Valley Bank, Signature Bank and First Republic Bank.

Compliance 52

Compliance Industry Technology Security 52

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. RegTech has two aims: increasing the effectiveness and the efficiency of compliance.

Compliance 150

Compliance Regulation Innovation Fintech 150

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. RegTech has two aims: increasing the effectiveness and the efficiency of compliance.

Compliance 150

Compliance Regulation Innovation Fintech 150

PYMNTS

JANUARY 14, 2020

Other regulations adding weight to financial service providers’ compliance burden include Europe’s PSD2 and the U.K.’s The combination of an expanded attack surface and intensifying security regulations has financial service providers investing heavily in cybersecurity and other data protection technologies.

User Experience 253

User Experience Security Payments Compliance 253

PYMNTS

NOVEMBER 18, 2020

McCarthy said what’s becoming apparent is that for perhaps the first time, technology like artificial intelligence (AI) and sophisticated data modeling are catching up to the problems. But McCarthy added that like financial services, healthcare is a highly regulated, compliance-driven business. But it doesn’t have to get worse.

Meeting 312

Meeting Payments Cards System 312

Abrigo

NOVEMBER 17, 2023

The Federal Bureau of Investigations (FBI) reports that natural disaster has historically brought fraudsters out of the woodwork, pouncing on a pool of vulnerable victims: the more catastrophic the event, the more active the fraudsters. The first pillar is the overall hard dollar loss rate experienced from illicit transactions.

Fraud 195

Fraud Training Trends Compliance 195

Independent Banker

AUGUST 31, 2021

This month’s issue of Independent Banker focuses on regulation and compliance, which continue to be costly and important topics for our industry. And costs are rising, with more than half of compliance officers expecting to make an increase in their budgets. Join us virtually in October for the Compliance Institute to learn more.

Community 145

Community Community Bank Compliance Regulation 145

PYMNTS

JANUARY 25, 2021

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. . Amazon Plans to Raise Fees for Companies in Wake of New Digital Tax in Spain . Google Raises Specter of Making Search Inaccessible in Australia.

Taxes 141

Taxes Google Compliance Apple 141

BankInovation

SEPTEMBER 28, 2022

Executives from tech-forward financial institutions at Bank Automation Summit Fall 2022 last week addressed the industry’s evolving technology environment, including moves to the cloud, strategies to reuse code and leveraging data to improve overall client and employee experience.

Compliance 52

Compliance Strategy Regulation Data 52

Abrigo

DECEMBER 17, 2021

Takeaway 1 Strengthen your financial institution's culture of compliance through a staffing assessment. What better w ay to strengthen your financial institutions ' culture of compliance and build your use case for your senior management than through a comprehensive staffing assessment? Now is the time to be prepared. .

Compliance 195

Compliance Training Fraud Resources 195

Insights on Business

MARCH 13, 2018

Regulatory pressure, in terms of policy changes and increased scrutiny, is forcing banks to seek technological changes and advancements to meet evolving regulatory and compliance requirements. IBM is committed to bring the newest and best advances in technology to tackle these challenges. New Approaches to Anti-Money Laundering.

Las Vegas 101

Las Vegas NV Compliance Analytics 101

PYMNTS

MARCH 17, 2020

Simply put, the back-office systems are ill-equipped to handle the demands of technological innovation, especially as financial services cross channels. And as he told PYMNTS, the biggest burden in this case is that providers need to understand and interpret the different compliance requirements of multiple countries.

Innovation 228

Innovation Payments System Security 228

Gonzobanker

AUGUST 17, 2022

Plaid acquired ID verification and KYC/AML compliance platform Cognito Mitratech Holdings acquired compliance risk and vendor management solution Continuity Mitek acquired KYC onboarding and analysis solution HooYu Equifax acquired post-transaction fraud solution Midigator. Reg & Risk: Still Showing Up For Surprise Quizzes.

Fintech 184

Fintech Lending Software Compliance 184

Insights on Business

FEBRUARY 15, 2018

New methodologies and technologies such as artificial intelligence are empowering firms to finally gain control of their risk and compliance efforts. Think is the event where the problems of tomorrow meet the minds of today.

Las Vegas 87

Las Vegas Compliance NV Meeting 87

Perficient

NOVEMBER 4, 2020

In many ways, we can help guide our customers in streamlining their PV operations and technology platforms to become more efficient and flexible for growth, all while remaining compliant and keeping to a sane budget. The goal is to gain efficiencies as the regulatory PV burden for compliance becomes heavier. It’s the key to success.

Groups 309

Groups US Meeting Case Study 309

PYMNTS

MAY 24, 2019

The Innovation Hours Program will provide financial technology (FinTech) and regulatory technology (RegTech) companies and financial institutions the opportunity to present their new and emerging innovative products and services to FinCEN,” the organization said in the release. FinCEN expects to hold events in the Washington, D.C.

Innovation 124

Innovation US Metro Washington 124

Abrigo

JANUARY 24, 2024

The service also plans to continue working internally with financial institutions to improve the ability of staff tied to anti-money laundering/countering the financing of terrorism (AML/CFT) and fraud efforts to: Prevent a fraudulent event Detect and stop one in progress Manage or mitigate an event that has occurred.

Fraud 221

Fraud Payments Software Policies 221

PYMNTS

JULY 27, 2020

In the event WhatsApp does become interoperable with this PIX technology, I would venture that [reguators] might be more [open] to it,” Hruby noted. We’re seeing event producers that used to do only events offline really migrating quickly to do events online,” Hruby said, especially when it comes to education and corporate events.

Mobile 153

Mobile America Regulation Regional 153

Insights on Business

OCTOBER 31, 2019

How do compliance professionals manage more than 57,000 regulatory alerts in one year? IBM OpenPages with Watson recently had the opportunity to join host Thomson Reuters for a morning of regulatory compliance thought leadership to explore this very topic. Susannah Hammond Cost of Compliance Survey 2019.

Compliance 70

Compliance Community Analysis Survey 70