American Banker

AUGUST 15, 2023

Forthcoming regulations to strengthen capital buffers and resolution processes for large regional banks are sparking debate about those proposals' efficacy and compounding existing problems for regional banks around stability and funding costs.

Groups 36

Groups Regional Regulation Capital 36

PYMNTS

NOVEMBER 22, 2019

Richard Ashton, deputy general counsel for litigation, enforcement and system matters, said at a conference in New York that the Federal Reserve is considering an audit of tech firms’ compliance policies and governance structures. Can we look at their overall compliance management program?”. The Annual Conference held Nov.

Security 116

Security Policies Conference Compliance 116

PYMNTS

JANUARY 30, 2019

They face the challenge of offering customers a smooth onboarding process while also remaining rigorous in know your customer (KYC) efforts, taking care to remain compliant with local anti-money laundering (AML) regulations that aim to keep criminals from using legitimate operations to move money illegally. News From The AML/KYC Ecosystem .

How To 170

How To blockchain Compliance Regional 170

PYMNTS

FEBRUARY 4, 2019

A series of regulations was established to encourage a safer, more transparent financial services environment following the 2008 financial crisis. Failure to meet AML/KYC requirement challenges can be costly for FIs, too, with regulators issuing heavy fines for lax security practices or failure to devote sufficient resources to oversight.

How To 161

How To Regulation Compliance Meeting 161

PYMNTS

MAY 18, 2016

Increased regulation typically brings increased consumer protection, but it can often stifle innovation especially within the Financial Technology, or FinTech, sector. PYMNTS: What is the most innovative thing that you have introduced into the market and what value did it deliver to the stakeholder group that was its target?

Innovation 100

Innovation Technology Regulation Fraud 100

Abrigo

AUGUST 22, 2019

Ongoing training is at the very heart of a satisfactory Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program in financial institutions. One option that makes it easy for BSA officers to complete required training is to attend regional meetings. Cost for these regional meetings is $100, and dates and locations are: Sept.

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Training Las Vegas Alabama Minneapolis 150

PYMNTS

OCTOBER 11, 2018

This is just the start of our collaboration, and we look forward to rolling out our services across the group. With the partnership, BNP Paribas will gain access to Earthport’s payments network, offering lower costs and transparent international payments. “ We are delighted to have reached the first stage of live deployment with BNP Paribas.

Payments 108

Payments Compliance Regional Regulation 108

American Banker

FEBRUARY 2, 2024

The Financial Crimes Enforcement Network issued an alert Thursday on avoiding business relationships with sanctioned Israeli settler groups in the West Bank, an effort that comes as the White House is pushing sanctions on foreign actors involved in destabilizing the region.

Regional 68

Regional Groups Compliance Regulation 68

American Banker

AUGUST 30, 2023

The Federal Reserve has issued a slew of private warnings to lenders with assets of $100 billion to $250 billion, including Citizens Financial Group, Fifth Third Bancorp and M&T Bank, according to people with knowledge of the matter.

Regional 36

Regional Groups Compliance Regulation 36

American Banker

JUNE 6, 2023

Bankers and a key government supervisor say the downfalls of multiple regional lenders reminded regulators that traditional M&A is better for the industry than failed-bank-deals.

Regional 68

Regional Regulation Industry Community Bank 68

FICO

OCTOBER 26, 2017

This article is from Michael Blicker , a senior consultant in FICO's compliance solutions group. You would think one system would be enough to manage foreign tax compliance. In 2010 the IRS (Internal Revenue Service) started to define the details of FATCA (Foreign Account Tax Compliance Act). Life did not get easier.

Taxes 53

Taxes Compliance Report US 53

CFPB Monitor

FEBRUARY 10, 2021

The MOU adds to the current collaboration framework and does not replace existing MOUs between the agencies and state regulators. The agencies will also establish a working group to develop a process for sharing information securely.

Training 78

Training Compliance Meeting Leadership 78

PYMNTS

JUNE 19, 2018

The time for “wait and see” is running out when it comes to new European privacy regulations. Soon enough, the financial and consumer impacts of the General Data Protection Regulation (GDPR) will become clear enough that companies that took a laggard’s approach may start to feel significant pain.

Regulation 101

Regulation eBook social media Case Study 101

PYMNTS

SEPTEMBER 7, 2018

In addition, the official noted that the region has “seen cases recently where AML issues have compromised the functioning and even the viability of some banks, so it is very important here to move forward.”. Monitoring money-laundering, however, is usually handled at the national level.

Regional 109

Regional Compliance Regulation Meeting 109

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. and Summit Financial Group, Inc.

Fintech 194

Fintech Community Regional Technology 194

PYMNTS

MAY 23, 2017

That’s a bleak outlook, but new research from TMF Group suggests that — while outbound foreign direct investment from U.S. Raimundo Diaz, head of Americas at TMF Group, and Jason Gerlis, regional director of North America at TMF Group, both chatted with PYMNTS about the findings in the report. is extremely low.”. “In

US 100

US Compliance Taxes Trends 100

FICO

DECEMBER 21, 2016

That means 2017 should be a risky year from a compliance standpoint. To help in those efforts, regulators are requiring firms to improve their KYC programs with more detailed data and advanced analytics. Today, it’s really only Tier 1 banks that use analytics in AML, KYC and tax compliance areas. We expect that to change.

Compliance 40

Compliance Analytics Taxes Groups 40

PYMNTS

JUNE 28, 2018

But the recent thefts, along with other attempted and completed cyberattacks, demonstrate why payments officials in the region are expressing fresh concern about financial security there. Evidence of that comes from Swift’s Latin America Regional Conference , held earlier this month in Miami. Fraud is a Top Worry.

America 102

America Security Miami Conference 102

American Banker

NOVEMBER 17, 2023

Trade groups voiced concerns that the largest banks are paying to clean up a mess created by regional banks. The Federal Deposit Insurance Corp. has finalized a special assessment that is slightly pricier than originally proposed for banks with uninsured deposits of more than $5 billion.

Regional 36

Regional Groups FDIC Compliance 36

Abrigo

APRIL 21, 2023

Regulators have highlighted the importance of credit risk review to provide ongoing feedback on lending processes and support accurate estimates for the allowance for credit losses (ACL) or the allowance for loan and lease losses (ALLL). “In my day, you had to go out and look loan officers in the eye to conduct a loan review,” he said.

Lending 195

Lending Risk Management Software System 195

Insights on Business

NOVEMBER 26, 2018

I challenge that notion, and also present three key ways that the new approach to financial crime and compliance management moves away from the current, endless Sisyphean cycles and is a fulfillment of what many of your existing solutions promised: a better approach. Webinar: AML Compliance comparison and effectiveness.

Compliance 123

Compliance Customer Experience Strategy Groups 123

CFPB Monitor

MAY 23, 2019

The FDIC has announced that it has entered into a settlement of the lawsuit filed against it and the OCC in 2014 by a trade group and several payday lenders challenging “Operation Choke Point” — a federal enforcement initiative involving the FDIC, OCC and other federal agencies. In July 2017, the D.C.

FDIC 112

FDIC Operations Policies Regional 112

Abrigo

JULY 14, 2023

2) Owner versus non-owner occupied, and (3) Individual or related group of borrowers. How has the commercial real estate market performed, and how it is performing today by collateral type in your region/market? Does the solution provide dashboards customized to specific groups within the financial institution (e.g.,

Strategy 195

Strategy Data Analytics Analysis 195

PYMNTS

APRIL 30, 2018

During the exchange, lawmakers raised the specter of regulating Facebook — which boasts more than 2.2 similar regulations are already being put to the test in other regions around the world. Each EU member nation has a DPA in place to both monitor compliance and respond to potential violation complaints.

Data 119

Data Compliance social media Regulation 119

Bobsguide

MARCH 21, 2022

The model digital bank, which has so far received interest from 35 banks, will help to solve this challenge by providing a shared ecosystem of assets which allows a group of banks to invest in the same solution. We intend to work closely with regulators to ensure compliance by design, helping to expedite adoption.”.

Digital Banking 60

Digital Banking Innovation Community Regional 60

PYMNTS

OCTOBER 28, 2019

. “Suppliers are more likely to accept extended payment terms when the purchaser has arranged a structured payable program that permits the suppliers to monetize their trade receivables before its due date,” their letter stated, according to Compliance Week reports. Scottish Firms Fair Non-Payment.

Payments 101

Payments Regulation Tools Compliance 101

PYMNTS

APRIL 20, 2017

s challenger bank landscape is spreading since regulators have welcomed new competition into the retail banking space. Earlier this year, financial advisors at deVere group revealed plans to launch their own private bank for SMEs, an entity that would mark the first private bank owned by an independent financial advisory firm.

Compliance 110

Compliance Innovation social media Lending 110

FICO

NOVEMBER 2, 2017

A new report from LexisNexis on Future Financial Crime Risks (September 2017) highlights the stress felt by UK banks around financial crime compliance. Given the rapid change in financial compliance regulations, it’s easy to see why the 170 financial crime professionals surveyed felt overwhelmed. Do you have any advice?

Compliance 53

Compliance Regulation Data Management 53

Insights on Business

JULY 20, 2017

Regulations, such as Payment Services Directive (PSD2), are forcing banks to “open up”, enabling customers to easily share data with third parties. The emergence of financial technology (fintech) and the push of regulators for more competition are disaggregating and open this closed value chain. Examples of open banking in practice.

Fintech 181

Fintech Mobile Examples Data 181

PYMNTS

JULY 3, 2017

Earlier this month, NACHA (the National Automated Clearinghouse Association) sent its Government Relations Advisory Group on its annual pilgrimage to Capitol Hill. The CHOICE Act rolls back regulations that Sullivan said can pin down a community bank and prevent it from serving its function. API Standardization.

Payments 113

Payments Bitcoin Compliance Community Bank 113

PYMNTS

DECEMBER 27, 2016

The world of global payments is evolving rapidly — driven by an increasingly global economy, expanding consumer buying power in regions like Asia and South America, rising adoption of digital payment methods and increasing concerns over security and transparency. Payments 2016: The Year Of The Emergence Of The Global Citizen.

Payments 113

Payments eBook Regional Study 113

PYMNTS

JUNE 8, 2020

Those standards are critical in a highly regulated industry like financial services, and as Webster noted, there has been a renewed focus on creating standards and processes to protect all parties in a transaction and streamline FinTechs’ connections to banks. 31, 2020, as the new Strong Customer Authentication (SCA) compliance deadline.

Payments 167

Payments Examples Retail Fintech 167

PYMNTS

SEPTEMBER 13, 2018

Complexity also marks that landscape, with a slew of new rules and regulations spanning the globe, and where firms venturing beyond their domestic borders may struggle to navigate the particulars of new markets. Writ large, the B2B space is staggering in its size: Worth as much as $120 trillion, according to oft-repeated industry figures.

Compliance 116

Compliance Data Management Risk Management 116

American Banker

DECEMBER 5, 2016

Banks and credit unions in California plan to participate in a new working group that will focus on the cannabis industry's lack of access to the mainstream financial system, according to state officials.

Groups 28

Groups California System Industry 28

FICO

NOVEMBER 11, 2020

René is a banking and regulation professional with a decade of experience and a special interest in risk modeling, measurement and management. In the past he worked for KBC Group as a founding member of big data, advanced analytics and AI competence center. Marcel Le Gouais, managing editor at Credit Strategy.

Meeting 52

Meeting Analytics Big Data Management 52

Gonzobanker

DECEMBER 17, 2021

From nowhere, sizable regional players are being created. Performance and multiples continue to be solid, outperforming most regional banks. The regulator and media pressure on overdraft fees has been a constant challenge to overdraft revenue. Has to be M-O-E. Bank Merger of the Year. So which merger was the best in 2021?

Fintech 143

Fintech Strategy Leadership Lending 143

PYMNTS

NOVEMBER 1, 2017

billion, according to news from the Fantasy Sports Trade Association (FSTA), a group representing fantasy sports players in the U.S. The platform offers customers the ability to use preferred local payment tools, including over 100 alternative payment methods (APMs) specific to their geographic region. and Canada. International Growth.

Payments 102

Payments Regional America Marketing 102