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

Independent Banker

DECEMBER 1, 2021

Over the next 3-5 years, 82% of financial institutions expect to increase their partnerships with FinTechs, with an average return on investment of 20%. Benefits of FinTech partnerships. How to choose the right FinTech partner. These characteristics are key when vetting potential FinTech partners.

Community Bank 91

Community Bank Community Fintech Guidelines 91

PYMNTS

MAY 30, 2018

Throw into the mix consumer protection guidelines, active anti-money laundering checks and capital requirements, and things get difficult, Oosthuizen noted. And, he noted, banks and FinTechs are going to need time to negotiate their relationships with each other, and with consumers the world over. Why Banks Need FinTechs.

Fintech 160

Fintech Regulation Compliance Innovation 160

American Banker

NOVEMBER 9, 2023

Speakers at DC Fintech Week highlighted ways forward for regulators to keep pace with artificial intelligence, such as by setting up "guardrails" before guidelines.

Regulation 85

Regulation DC Guidelines Innovation 85

CB Insights

OCTOBER 21, 2018

CB Insights unveiled the second annual Fintech 250 — a list of 250 of the most promising private companies applying a mix of software and technology to transform the financial services industry. THE FINTECH 250 STORY. CB Insights clients can view the full Fintech 250 story by clicking the button below. Please click to enlarge.

Fintech 78

Fintech Lending Capital Analytics 78

PYMNTS

APRIL 16, 2020

Accelerated data sharing has become a focal point for small business lenders and FinTechs looking to speed up the time it takes for SMBs to apply for and receive much-needed funding. This week’s look at the latest in bank-FinTech collaborations and open banking initiatives finds a focus on small business lending: In the U.K.,

Data 167

Data Lending Regional Fintech 167

PYMNTS

JANUARY 31, 2020

Other regulators in Australia, India and Singapore are examining financial innovation rules of their own, using GDPR and PSD2 as guidelines. The European Data Protection Board (EDPB) recently issued updated guidelines for compliance with GDPR, aiming to help affected banks and businesses answer any lingering questions about the rule.

Digital Banking 136

Digital Banking Guidelines Regulation Data 136

PYMNTS

OCTOBER 8, 2019

In a recent interview with PYMNTS, Henry explored the FinServ compliance conundrum for the cannabis industry, noting that the struggle to get banked has ramifications that spread from the POS up the supply chain — impacting dispensaries, manufacturers, logistics providers, subcontractors, growers and beyond. A Shifting Regulatory Landscape.

Compliance 114

Compliance Guidelines Industry Taxes 114

PYMNTS

JANUARY 30, 2019

These challenges of ensuring authentication and following ever-shifting AML guidelines present a conundrum for businesses looking to expand globally. In addition, how can they remain confident that they are in compliance with existing AML laws? How FrontFundr Keeps Its Investment Platform Fraud-Free. About The AML/KYC Tracker.

How To 170

How To blockchain Compliance Regional 170

PYMNTS

OCTOBER 27, 2019

27), far-flung verticals such as healthcare and seafood supply chains – and even FinTech – can be united under a key principle: Trust. The announcement of the blockchain-based solution comes in the wake of Mastercard outlining guidelines for blockchain development earlier this month. The Partnership Ecosystem.

blockchain 101

blockchain Guidelines Fintech Fraud 101

PYMNTS

JUNE 19, 2019

B2B FinTech has made leaps and bounds in the world of procurement, enabling large enterprises to automate a significant portion of their purchasing processes. However, there is another side of procurement that has been left without much exposure to FinTech disruption: tail spend. Expanding The Scope Of Data.

Data 116

Data Guidelines Fraud Compliance 116

PYMNTS

OCTOBER 27, 2019

27), far-flung verticals such as healthcare and seafood supply chains – and even FinTech – can be united under a key principle: Trust. The announcement of the blockchain-based solution comes in the wake of Mastercard outlining guidelines for blockchain development earlier this month. The Partnership Ecosystem.

blockchain 100

blockchain Guidelines Fintech Fraud 100

PYMNTS

OCTOBER 28, 2019

The firm was the first money transfer company to use Unified Payments Interface (UPI), which was developed by the National Payments Corporation of India under Reserve Bank of India (RBI) guidelines. Visa, Marqeta Team To Boost FinTech Expansion Across Asia Pacific. Amazon Taps Into Bill Payments With Alexa.

Payments 101

Payments Guidelines Fintech Regional 101

PYMNTS

AUGUST 1, 2019

In corporate payments, high-value transactions with tall demands for compliance, transparency, speed, efficiency and security aren’t just placing a burden on the businesses sending and receiving funds.

Payments 152

Payments Guidelines System Compliance 152

PYMNTS

JUNE 4, 2020

APIs’ automation accelerates these transactions’ speeds, with critical steps like authentication and other security or compliance measures handled by them directly rather than redundant processes at each end of the payment. You see a lot of [new] FinTech companies and digital-only banks that are fully API-based,” he said.

Security 151

Security Fraud Payments Compliance 151

CFPB Monitor

MARCH 8, 2019

Requiring periodic reports submitted to the boards of directors to ensure compliance. The amendments are also designed to ensure that non-bank financial technology entities, fintechs, are subject to cybersecurity standards similar to those that banks are subject to under the FFIEC interagency guidelines.

Cyber Security 68

Cyber Security Guidelines Security Compliance 68

PYMNTS

MARCH 27, 2020

QR codes have enjoyed mounting adoption in the consumer payments landscape around the world in recent years as FinTech solutions embrace end-user efficiency and take advantage of smartphone penetration. Their use for B2B payments, however, remains limited — but in the U.K., open banking may be able to change that. A B2B Opportunity.

Payments 151

Payments Innovation Security Guidelines 151

Insights on Business

OCTOBER 16, 2018

To facilitate digital transformation for financial institutions, we’ve developed the IBM Open Banking Platform, a software suite designed to enable fast creation of next-generation apps, low-risk innovation and regulatory compliance. You can embrace new ideas, build new Fintech partnerships and respond faster to changes in the marketplace.

Capital 157

Capital Tools System blockchain 157

PYMNTS

SEPTEMBER 25, 2020

The global tech firm has teamed with payment processors Fiserv, PTS, FIS, CoreCard, Galileo, i2c, TSYS and Marqeta to give them digital guidelines that will let clients get almost instantaneous access to card information and peace of mind to make secure transactions, among other benefits. Trackers And Reports.

Maine 153

Maine social media Atlanta Massachusetts 153

PYMNTS

AUGUST 6, 2019

The Philippines’ current tax system tends to “overemphasize controls and monitoring over the welfare of taxpayers and the overall ease and efficiency of compliance,” he said, according to reports. And beyond government efforts, FinTechs in the private sector are also promoting eProcurement digitization in the region.

Regional 108

Regional Taxes System Guidelines 108

PYMNTS

MARCH 25, 2019

DNB is responsible for approving PSD2 payment licenses in the Dutch market, so third parties will have to follow their guidelines if they want to continue operating in the region. To be successful in the Netherlands, [FinTechs] have to be even more efficient than what’s already there … and they have to be considerate to price,” she said.

Regional 108

Regional Regulation Data Payments 108

Insights on Business

NOVEMBER 20, 2017

Federal Reserve Bank are enabling their member banks with guidelines by being an advocate, educator, and, more importantly, a change agent to influence payments system policy and direction. Security and risk reduction are very high on the priority list for participants offering Faster/Instant Payments.

Payments 79

Payments Guidelines Digital Banking Industry 79

Insights on Business

OCTOBER 11, 2018

It’s this digital-agility layer that would connect to the internal core systems as well as provide external APIs to connect various fintech solutions and other financial institutions within an open banking platform approach.

Meeting 111

Meeting Customer Experience System Guidelines 111

Insights on Business

MAY 2, 2019

Through our many daily interactions we have been witness to a wave of patterns forming that are changing the face of governance, risk and compliance (GRC). As such, organizations are coming to the conclusion that they need a consistent, cross-discipline, cross-process view of risk and compliance.

Compliance 98

Compliance System Analytics Data 98

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

PYMNTS

JANUARY 15, 2018

In an interview with PYMNTS, Jordi Gascon, with EMEA Security at CA Technologies, noted the challenges for banks across the EU, right out of the gate: “PSD2 compliance is a must, and they need to cope with the intrinsic risks of opening their infrastructure to third parties.”

CA 112

CA Bitcoin Data Security 112

CFPB Monitor

OCTOBER 13, 2020

Supporters point out the Proposed Rule would result in strong and consistent supervision of bank-fintech partnerships across the country, ensuring fairness and compliance with applicable laws, and note the Proposed Rule would keep the costs of credit down and encourage innovation.

Lending 60

Lending Colorado FDIC National 60

NCR

NOVEMBER 21, 2016

One of the fundamental goals of PSD2 is to open up the European payments market to new entrants, which will mean opportunity for innovative fintech firms and payment providers. In April 2016, financial and business solutions firm Fexco noted that the PSD2 guidelines were being implemented in a “piecemeal” fashion.

Fraud 40

Fraud Compliance Payments Exercises 40

NCR

AUGUST 18, 2017

A whitepaper produced by the UK-based FinTech Network in cooperation with BNY Mellon and Rabobank highlighted payments as one of the primary applications for the technology. FinTech Network observed this challenge is one of the inherent difficulties of the technology. The key applications for the technology.

blockchain 75

blockchain Technology cryptocurrency Study 75

PYMNTS

DECEMBER 8, 2020

Some exchanges even deliberately avoid having KYC systems by obfuscating their country of origin to make it harder for regulators to impose national compliance guidelines. Many banks and government regulators have a growing sense of distrust in cryptocurrency exchanges due to this widespread lack of compliance.

cryptocurrency 261

cryptocurrency Mobile Compliance Analysis 261

PYMNTS

MAY 14, 2018

Financial institutions (FIs) that service the industry, she recently told PYMNTS, “don’t have the compliance people, processes or automated tools in place to meet the required guidelines — and are unknowingly putting their clients at risk.”. According to Lang, traditional FIs cannot meet this regulatory compliance and reporting need.

Compliance 130

Compliance Guidelines Industry Taxes 130

Tomorrow's Transactions

JULY 13, 2016

Think of all the money that could have been saved on auditing, forensic accounting and compliance! Aadhar (the brand name for UID) can serve as the know your customer guidelines that banks have. Money that could have instead been spent on customers, employees and suppliers of discretionary services.

blockchain 30

blockchain Examples Guidelines System 30

PYMNTS

MAY 29, 2020

When it comes to contractor payments, analytics are not only important to ensuring professionals are paid on time, but also to ensure they’re paid accurately according to contract guidelines. “A lot of contract terms say a company won’t pay for a lunch break,” he offered as an example.

Payments 143

Payments Analytics Data Management 143

Tomorrow's Transactions

DECEMBER 19, 2016

The NIST guideline goes on to talk about using push notifications to applications on smart phones, which is how we think it should be done. The paper that Richard Brown of R3, my colleague Salome Parulava and I put together what seems like an age ago (a year is a long time in fintech) has finally been published! Digital Identity.

Mobile 30

Mobile Retail Trends Security 30

PYMNTS

OCTOBER 6, 2017

Regulatory guidelines may help address this issue. With so much at stake, from employee satisfaction to the security of employee and company data, the payroll industry would do well to benefit from FinTech innovation, said McGuirk. Companies are reasonably aware of it. And I say ‘reasonably’ because not all of them are.”.

Marketing 139

Marketing Data Security Regulation 139

FICO

MAY 6, 2022

Remember that trust is the #1 thing banks have that many FinTechs don’t have. compliance). But remember that compliance and regulatory issues don’t have to negatively impact the customer experience. Trust in financial services, at a foundational level, is about safety. Foster Intelligent Communication and Customer Engagement.

Digital Banking 52

Digital Banking System Data Customer Experience 52

Fintech Labs Insights

AUGUST 26, 2015

After all documents are signed, WealthForge’s team of experts begin compliance verification of each offering and issuer. Compliance. Instead of using technology to circumvent regulation, WealthForge embraces it by increasing engagement with regulators and compliance measures.

Compliance 12

Compliance Technology San Jose Regulation 12