Insights on Business

JUNE 20, 2018

In today’s global marketplace, financial services firms must grapple with competition, increasing regulation and market volatility while also maintaining profitability and growth in a world disrupted by emerging technologies and fintechs. The new advances in our portfolio include: Next-Gen Governance, Risk, and Compliance.

Regulation 70

Regulation Compliance Analytics System 70

PYMNTS

NOVEMBER 13, 2020

One way is to adopt a comprehensive, risk-based approach, [which can be] done by conducting essential checks with regulators’ lists to identify politically exposed persons (PEP) and cybercriminals as well as employing an extensive range of tracking tools that monitor suspicious behavior,” Pathak said.

Payments 259

Payments User Experience Meeting System 259

Abrigo

DECEMBER 22, 2023

As 2023 winds down, community banks and credit unions have worked hard to attract new customers and members and retain existing ones by streamlining processes and improving the end-user experience. Regulators stress the importance of accurate and timely risk ratings, especially during economic uncertainty.

Lending 221

Lending Risk Management Community Management 221

PYMNTS

MARCH 4, 2020

And in that evolution, DeLuca explained, software has moved from systems that simply kept records or initiated transactions toward systems that deliver an enhanced, more engaging experience. FinTech firms like Bottomline have invested in user experience (UX), user interface (UI), usability and, of course, data management.

User Experience 203

User Experience Data Fintech System 203

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. GRC Coming of Age in 2018. Efficiency.

Innovation 111

Innovation Compliance User Experience Regulation 111

Insights on Business

MARCH 26, 2018

A digital reinvention is underway in financial services, driven by the need for fraud prevention, personalized customer service, and the ability to keep pace with massive amounts of new regulations. Diamond pointed out that along with security and best-in-class user experience, a bank must play by the rules and maintain compliance.

User Experience 135

User Experience Compliance Maine Regulation 135

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

Insights on Business

MARCH 7, 2019

In a business environment defined by sustained market volatility and ever-increasing regulations, companies need the ability to integrate enterprise-wide risk management processes and multiple regulations. What tools and processes do they need to have a more engaged and empowered first line?

User Experience 93

User Experience Risk Management Compliance Regulation 93

PYMNTS

JUNE 17, 2019

Open Banking regulations and enable trusted third parties to access a customer’s data based on the account holder’s consent — a key step toward more digital payments innovation. This means the focus as been more on compliance with PDS2 rather than commercialization. The discussion took place as more attention shifts to open banking.

User Experience 196

User Experience Examples Innovation Cards 196

NCR

JANUARY 17, 2017

Given the prevalence of financial services across the globe – in both emerging and developed markets – the disruption opportunity for fintech startups is massive. As fintech startups battle it out to get their share of the business, the drive for innovation is spreading well beyond traditional tech hubs and basic banking products.

Fintech 40

Fintech Trends Industry Compliance 40

PYMNTS

NOVEMBER 19, 2019

No matter what, one of the biggest challenges in crafting a successful program is dealing with compliance and regulations, Geeslin said. For instance, with the recent launch of the Apple Card , Apple has sent a signal that they seek to offer a better user experience than banks. Near-Term Challenges.

Cards 140

Cards Apple Data Innovation 140

PYMNTS

OCTOBER 18, 2017

The question applies to financial institutions of all sizes and is especially germane to smaller banks and credit unions, firms which do not have the deep pockets or the technology of larger banking compadres and FinTechs. What of regulation? explained there is wide variation in the definition of innovation.

Innovation 140

Innovation Compliance Strategy Community Bank 140

Fintech Labs Insights

MAY 24, 2017

Highlighting the fact that regulation is a key barrier to growth for banks, a post at the Trulioo blog earlier this month underscored how important it was for FIs to leverage technology to meet these challenges. Further, they pointed out that even senior executives gain from the improvements technology can bring to the compliance challenge.

Compliance 21

Compliance UX User Experience Fraud 21

Gonzobanker

JANUARY 17, 2020

Banks are most afraid of big tech, just when these players face regulation. However, between anti-trust regulations, algorithm investigations and states focused on privacy (e.g., that fintechs doubled their market share in four years and are now generating half of all unsecured loans to consumers. Experian recently reported.

Customer Experience 125

Customer Experience Fintech Regional Cards 125

PYMNTS

SEPTEMBER 23, 2020

This population represents a sizable source of remittances as well, according to Sam Tay , CEO of FinTech Aptiv8 , which offers a support app for foreign workers in partnership with MOM. The Ministry of Manpower (MOM) — Singapore’s labor policy agency — estimated in December 2019 that there were 1.43

Security 132

Security Policies User Experience Tools 132

PYMNTS

OCTOBER 20, 2017

It did translate various product offerings into Chinese, but did not customize user experience or pricing for the local market. Regulations can be another killer for cross-border business, Wang said. For example, Wang said, when Apple came to China, the company didn’t make many changes to its product.

How To 103

How To Apple Examples Payments 103

PYMNTS

JUNE 27, 2017

So we also added a new focus: applying document and artificial intelligence/machine learning to develop enterprise-class solutions for identity verification in digital channels that meet the market need for a great user experience, risk mitigation and regulatory compliance.

Innovation 145

Innovation System Mobile Trends 145

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

FICO

MARCH 6, 2020

Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales. In this excerpt from that article, Jürgen elaborates on the importance of compliance. . A partnership aimed at helping banks, payment providers and fintechs meet the ever stronger regulatory demands while reducing effort and expense. .

Compliance 81

Compliance Technology Fraud Analytics 81

Insights on Business

JUNE 20, 2018

For financial services institutions, the ever-growing volume of regulations and annual changes since the financial crisis continue to challenge banks’ capabilities, as well as their confidence, in managing compliance and risk exposure. The global regulatory environment continues to evolve at a rapid pace.

Compliance 70

Compliance Innovation User Experience System 70

Fintech Labs Insights

MAY 26, 2017

ABN AMRO’s Helène Erftemeijer elaborated on the role Fenergo’s technology will play in helping the bank improve the user experience for its clients. The deal with ABN AMRO is the latest in a string of wins for the Dublin-based compliance specialist.

Management 17

Management Innovation Compliance Capital 17

Fintech Labs Insights

MARCH 21, 2016

Especially the upcoming regulations like MiFID 2 and FFSA are driving significant need for Qumram in the Financial Services industry.” The company was included in the FINTECH 100 list published by H2 Ventures and KPMG. Founded in 2011, Qumram has 30+ customers across Switzerland, Germany, and the U.K. The post Qumram Raises $2.5

America 12

America social media User Experience Software 12

PYMNTS

JULY 13, 2017

FinTech companies — PayPal, Square, Stripe, WePay — have gravitated toward that model because what they’re innovating on is merchant experience, or user experience,” said Aberman. “In The more seamlessly they can integrate payments into the platform, the better the user experience. Risky Business?

User Experience 108

User Experience Software Compliance Payments 108

Fintech Labs Insights

JULY 22, 2015

At the upcoming FinDEVr , 60 leading fintech companies will present their developer-friendly APIs, SDKs, and other solutions to an audience of financial builders and their technical colleagues. It’s the one place to gather tips and techniques from a wide cross section of fintech players in just two days, all at an affordable price.

San Francisco 12

San Francisco Video Fintech Data 12

Fintech Labs Insights

JUNE 16, 2015

” The result is the very definition of a poor user experience. And in the same way that a better user experience is key to better engagement with the client, providing performance analyses and goal-based portfolio summaries is a major productivity enhancement for advisors.

User Experience 12

User Experience Illinois Chicago Management 12

PYMNTS

JANUARY 19, 2017

There’s a new area of user experience and interface design for financial services that’s popped up around this invisible interface,” said Anderson. But as banks large and small become more technically savvy, Anderson also worries these advancements could backfire on smaller institutions by requiring additional regulation.

Data 100

Data Community Bank Community Digital Banking 100

Fintech Labs Insights

MARCH 27, 2017

First published on FinTech Futures. Unfortunately, there’s often a tension between necessary compliance and fraud measures and a seamless, easy on-boarding process. At Onfido, we’re evolving with the needs of the FinTech community to increase conversion and reduce fraud at the same time. There’s still a long way to go, however.

Fraud 12

Fraud User Experience Fintech US 12

Gonzobanker

DECEMBER 19, 2016

Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare. 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 big bang project is over.” see [link] ).

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare. 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 big bang project is over.” That kinda scares me.”.

Utah 60

Utah System Community Marketing 60