Insights on Business

DECEMBER 12, 2018

This past year brought governance, risk and compliance (GRC) to the center stage. Organizations in financial services and other sectors witnessed an increase in “airtime” given to risk and compliance issues at the board level. Drive efficiency across risk & compliance processes. Innovating in the open.

Innovation 111

Innovation Compliance User Experience Regulation 111

PYMNTS

JULY 19, 2018

It’s no secret that banks and FinTechs are collaborating at a rate faster than ever before. The need is there for a comprehensive approach for risk management, which in turn means that both FinTechs and FIs need a strong, consistent strategy and roadmap from the very start of collaborations.

Fintech 107

Fintech Risk Management Big Data Management 107

South State Correspondent

MARCH 7, 2024

The uptake of this sophisticated technology is setting records at every turn from the pace of innovation to adoption. Knowledge Enhancement & Generative AI Skills: One unintended consequence which many bank executives do not fully appreciate is the level of new skills and knowledge Copilot for Banks will train on.

Training 195

Training Data Tools Technology 195

William Mills

OCTOBER 13, 2017

Attendees could customize their day – picking and choosing from 70 different sessions on five separate stages featuring a wide range of topics including payments, fraud, fintech, marketing/product development, channel optimization, sales, compliance, business banking, artificial intelligence (AI) and community-based banking.

Atlanta 41

Atlanta Innovation Conference Georgia 41

Abrigo

MARCH 11, 2022

Noted deficiencies for NBFI AML programs include not being robust, not securing an independent audit, failing to do customer due diligence (CDD) on mortgages, and appointing a BSA Officer with no training or expertise. Innovation and Technology Another regulatory focus in 2022 is financial institutions' technology needs, including NBFIs.

Regulation 195

Regulation cryptocurrency Policies Management 195

PYMNTS

OCTOBER 29, 2018

The greater availability of data gives financial institutions (FIs) and FinTech firms alike insight into customers’ behaviors, habits and preferences, allowing them to develop more effective tools, products and features. While these initiatives are spurring more focused financial services innovations, they also come with challenges.

Security 192

Security Fraud Tools Data 192

Perficient

FEBRUARY 2, 2023

In 2023, we anticipate that more and more vendors will hop on the Instagram Shopping train. In 2023, we expect to see this response exaggerated and heightened. Here are some of the biggest payment trends we’re forecasting for the new year. The success of social media payment capabilities showcases the need to meet customers where they are.

Industry 471

Industry Trends social media Payments 471

PYMNTS

MARCH 3, 2020

Fellow expense service Coupa has also made moves in this area, announcing it has acquired Seattle-based FinTech Yapta to innovate its tracking and spending software. Other travel costs, such as airline or train tickets, also remain top categories for this type of spend. Trips taken on Uber alone accounted for 12.6

Management 130

Management Software Fraud Seattle 130

Insights on Business

NOVEMBER 19, 2018

Both fintech firms and traditional enterprises are on the brink of significant disruption as companies leverage the rapid insights generated by AI in banking to drive demonstrable outcomes in customer experience, risk management and cost efficiency. The AI revolution has come to financial services. Thinking Outside the Box.

Compliance 177

Compliance Regional blockchain Technology 177

Gonzobanker

DECEMBER 19, 2022

In 2021, there were more than 120 fintech IPOs in the U.S., 2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. Acquisition of the Year: Bank Acquiring a Fintech. Acquisition of the Year: Fintech Acquiring a Bank. Oh, what a mere 12 months can do.

Community 216

Community Fintech Industry Innovation 216

Insights on Business

OCTOBER 10, 2017

Modernize transactions – the technology choices banks make today on cloud, via APIs and in application development, will determine their ability to innovate new customer engagement tactics, optimize back-end efficiency, monetize data streams and reinforce their leadership in the banking sector in years to come.

blockchain 87

blockchain Customer Experience Compliance Fraud 87

Abrigo

MARCH 7, 2022

Office of Foreign Assets Control (OFAC) compliance should be a high focus as sanctions become more complex and require constant diligence. If your institution needs assistance enhancing your sanctions program, a downloadable Key Components of a Strong Sanctions Compliance Program may help.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

Insights on Business

JULY 17, 2019

Today, risk-awareness and risk averse behavior is the responsibility of everyone in the firm, so staff need to be able to engage in the common goal of regulatory compliance. Continued change can create lag in the organization between existing compliance capabilities and latest regulatory demands.

User Experience 79

User Experience Tools Survey Risk Management 79

Insights on Business

JANUARY 9, 2018

As banks look at Fintechs to partner with or new digital capabilities to build, they must know that their data—and their customers’ data—are protected. This training can dramatically increase efficiencies for end-to-end deployment. Here’s the preview: Watch the video. For the first element, security is a paramount.

Training 96

Training Video Security Tools 96

Gonzobanker

OCTOBER 26, 2021

On another front, you have digital disruption and fintech innovation, forcing bankers to step up their investments in transformation and more aggressively attack their existing business models. In any new wave of institutional expectations and compliance, there’s bound to be some senseless regs and requirements.

Leadership 97

Leadership Compliance Strategy Branding 97

Insights on Business

FEBRUARY 13, 2019

The global financial crisis of 2008 and 2009 brought a renewed focus on the governance, risk and compliance (GRC) processes within the financial institutions, who, not very long ago, viewed GRC as little more than a necessary evil – cost of doing business, which added little value. IBM OpenPages with Watson 8.0

User Experience 79

User Experience Compliance Risk Management Training 79

PYMNTS

JANUARY 9, 2019

“It’s manual-intensive, error-prone, and hard to hire and train for.” It’s perhaps unsurprising, then, that small business accounting remains a top target of automation technologies, particularly as innovations like AI and robotics process automation (RPA) seep deeper into the field. .”

Taxes 179

Taxes Technology Tools Industry 179

FICO

APRIL 28, 2020

The 2019 FICO Decisions Award winners have demonstrated what is possible with a clear business objective, innovative use of technology and a great partnership. Our winners have innovated in lending, supply chain optimization, customer management, debt collection, fraud and financial inclusion. Decision Management Innovation.

Analytics 52

Analytics Fraud Management Innovation 52

Independent Banker

JULY 31, 2022

As a former Texas banking commissioner, she emphasizes the importance of internal loan reviews and audits and urges bankers to train tellers with care. Poorly trained tellers, she says, could bring about losses by issuing cashier’s checks inappropriately or even overlooking attempts at money laundering.

Strategy 135

Strategy Community Bank Louisville Community 135

Gonzobanker

OCTOBER 14, 2016

Innovation speaker Josh Linkner claimed it’s not about best practices, but next practices. We agree innovation is important (hard to argue with that), but best practices create survival and the resource redirects which often fund those next practices. Fintech stage. Compliance vs. Marketing Smack down. We disagree.

Compliance 60

Compliance Conference Fintech Mobile 60

NCR

NOVEMBER 7, 2017

Regulators and supervisors could apply AI and machine learning to drive up compliance standards and increase their effectiveness, the FSB noted. “Adequate testing and ‘training’ of tools with unbiased data and feedback mechanisms is important to ensure applications do what they are intended to do.”

Industry 49

Industry Training Compliance Fraud 49

PYMNTS

FEBRUARY 28, 2020

Credit unions’ emphasis on member relationships is one of the main factors that distinguishes them from large banks and FinTechs. Larger banks and well-funded FinTechs can create dedicated security operation centers staffed by experts, but CUs often do not have the budgets to offer round-the-clock active protection.

Data 131

Data California Security Pennsylvania 131

Insights on Business

NOVEMBER 20, 2018

Compliance and customer trust. Risk and compliance investigators have now identified over 100 different market manipulation techniques that employees can use to gain an unfair advantage over their employers or customers.

Analytics 79

Analytics Compliance Risk Management social media 79

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. How Banks Can Better Work with Law Enforcement Less than 0.5%

Conference 195

Conference Payments Fraud Data 195

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. and “how much impact will they have?”

Compliance 98

Compliance System Analytics Data 98

South State Correspondent

NOVEMBER 9, 2023

Bank technology, risk, and compliance teams will have to understand the opportunities and limitations of each application to get the most out of the platforms. Regarding technology, generative AI excels as it has been trained and can reference vast depots of code. Banks will have to adapt to this multimodal, multimodel environment.

Trends 195

Trends Technology Fraud Data 195

ZootBlog

JANUARY 12, 2016

This year’s predictions include topics from the preceding year, with the addition of projected advancements in the areas of biometrics, enhanced customer experience, big data, digital payments, and innovation. Automated fuel dispensers are also exempt from EMV compliance until October 2017. Fintechs: Collaboration or Competition?

Industry 63

Industry Trends Customer Experience blockchain 63

Insights on Business

APRIL 29, 2019

GM found that the existing systems and processes used by its audit, operational risk management, Sarbanes-Oxley Compliance (SOX), and strategic risk management teams were acting in silos. After the initial planning phase, the GM IT department was trained to lead the implementation, with support from IBM for technical aspects as needed.

Technology 79

Technology Risk Management System Management 79

PYMNTS

APRIL 6, 2017

The association’s membership includes banks, savings institutions and credit unions, and its services include training around using ACH, regulations, risk management and cybersecurity, among other services. And when Phase One of Same Day ACH rolled out in September 2016, that training and education paid off, he said.

Resources 100

Resources Training Payments Regulation 100

Abrigo

JUNE 12, 2023

You might also like this webinar, " AML Compliance and Sanctions Requirements for Non-Bank Financial Institutions. The money transmitter industry is growing, spiked by advances in fintech and the consumer demand for immediate payment mechanisms. One set of requirements will reduce the regulatory burden and compliance costs.

Compliance 195

Compliance Fraud Regulation Guidelines 195

CB Insights

FEBRUARY 13, 2020

These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. In an interview at CB Insights’ 2019 Future of Fintech conference, CFO and CPO William Gaybrick indicated that businesses are more constrained by developer resources than by capital. TABLE OF CONTENTS.

Online 98

Online Company Retail Payments 98

CB Insights

AUGUST 23, 2018

This trend towards digitization is already starting to play out as fintechs circumvent banking licenses by partnering with issuing banks to offer checking account-like products. JPM is making every effort to attract, train, and retain top technical talent, including proactively improving programs and partnering with fintechs.

Cards 76

Cards Mobile Strategy Branding 76

Gonzobanker

DECEMBER 19, 2016

Be Careful What You Wish for Award – To all those Fintech providers that can now get an official bank charter to operate within the confines of simple regulatory requirements. The FinTech Partner Best Practice Award – Goes to Cambridge Savings Bank and SigFig for their digital investment platform partnership. see [link] ).

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

Be Careful What You Wish for Award – To all those Fintech providers that can now get an official bank charter to operate within the confines of simple regulatory requirements. The FinTech Partner Best Practice Award – Goes to Cambridge Savings Bank and SigFig for their digital investment platform partnership.

Utah 60

Utah System Community Marketing 60

PYMNTS

OCTOBER 8, 2018

B2B payments innovators and Warren Buffet have something in common: They are both obsessed with rails. Today, a host of innovators are making B2B payments rails sexy again too. Others want to make the trains that ride the existing rails slicker. Topic Two: Banks — sure, they’re boring as all get out, but they are innovating.

Payments 192

Payments Innovation Regulation San Francisco 192

William Mills

SEPTEMBER 7, 2016

Their API is already integrated in a few core systems and other fintech necessitates. Andrew just needs to review the account and forward on to compliance for their review. Andrew can snooze until Compliance has done their work so his workspace is not cluttered. Provides mobile banking to banks and credit unions.

Mobile 40

Mobile Cards Fraud Data 40

PYMNTS

DECEMBER 10, 2020

As the world becomes increasingly digitized and more consumers embrace the speed and convenience of contactless purchases, Jim McCarthy , president of payment technology and innovation firm i2c , said banks have been left behind and should focus on what they do best — compliance. There’s money to be made in compliance,” he said.

Compliance 262

Compliance Innovation Apple Fintech 262