Abrigo

OCTOBER 7, 2016

The benefits of utilizing e-commerce technology are readily apparent to us because they are personal: We find what we are looking for; we find it at a cheaper price; we can get it more quickly. Technology can also provide tangible benefits to a business, and in many cases, those benefits are financial. Assisting with compliance.

Technology 171

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Insights on Business

APRIL 21, 2017

Adapting quickly and efficiently to the compliance obligations brought about by changing regulations is a business requirement that demands urgent attention. It is also an opportunity to implement technology that can facilitate change. However, traditional technology is not the answer.

Technology 156

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PYMNTS

SEPTEMBER 17, 2019

Huobi Group has announced the official launch of a digital asset exchange in Argentina. Compliance is actually one of the biggest barriers to entry for small businesses in any highly regulated industry,” the company wrote in a blog post. Financial services businesses bear some of the highest compliance costs of any industry.

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PYMNTS

JULY 2, 2018

According to reports, the group is taking a cautious approach to the technology. But the group also acknowledges that blockchain technology is not yet sufficiently developed to actualize its effect in the corporate finance space.

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PYMNTS

MARCH 8, 2018

It also requires finding faster ways to securely address customer identification program (CIP) obligations and know your customer (KYC) requirements. Along with digitally handling money transfers, WorldRemit and others like it also need to be able to meet KYC and other compliance checks in an increasingly digital realm.

Compliance 101

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Insights on Business

MAY 23, 2019

Now, new technology, business and regulatory challenges are forcing them to rethink how they collect and manage that data. But for companies that don’t master privacy and security, data can be toxic. Stricter regulations are changing the compliance landscape. A shifting regulatory landscape. More than 10 other U.S.

Data 163

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PYMNTS

DECEMBER 29, 2016

There seems to be no shortage of action in the corporate banking space, whether it be scandals (like Royal Bank of Scotland’s Global Restructuring Group fiasco ), cyberattacks (such as the $81 million stolen from the central bank of Bangladesh) or anomalies like Brexit impacting top financial institutions across the globe.

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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

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PYMNTS

NOVEMBER 6, 2019

Bank of America has teamed with IBM and its regulatory compliance arm, Promontory Financial Group, to create a cloud computing platform that has privacy, security and regulatory banking compliance protocols built in, according to a report by American Banker.

Compliance 101

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Perficient

MAY 27, 2022

This piece was written in collaboration with Chandni Patel, Director of Financial Services and member of Perficient’s Digital Assets Working Group. We’ll then move to the federal level, seeking regulatory guidance as to whether digital tokens are securities under the jurisdiction of the U.S. State Regulations.

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Perficient

SEPTEMBER 24, 2020

I participated in a couple of different research groups focused on understanding News and “Modern” Intranet Portals. Looking forward to the near term multiple releases that improve the backend of our data in Microsoft 365 improving performance, structure, accessibility, compliance, reliability and robustness.

UX 420

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Insights on Business

FEBRUARY 1, 2019

To those working in the financial services industry, security is at the core of their business. The rise of artificial intelligence and machine learning might help protect business assets, but it is also making it easier for the bad guys to find holes in the security. Security is a big theme at IBM Think this year. Feeling safe.

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PYMNTS

JUNE 17, 2019

This presents problems for developers, who need to make sure that their products run both smoothly and securely. These technologies are presenting increasing demands on local networks as more devices fill homes, causing aggravating performance lags. The onus falls largely on customers to secure these vulnerable points, he said. .

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PYMNTS

SEPTEMBER 29, 2017

PingPong Financial Group , a Chinese FinTech company, has received a Payment Institution (PI) license from the government of Luxembourg. PingPong’s robust compliance program extends across its global operations, from its merchant customer base in China to its partnerships with major banks in the U.S.

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Celent Banking

MAY 20, 2016

Celent profiles two award-winning banks who have modelled excellence in their use of risk management technologies across their banks. Left to right, Martin Pilecky, CIO Alfa-Bank; Gary McAlum, SVP Enterprise Security Group USAA; Joan McGowan, Senior Analyst Celent). ALFA-BANK: SETS THE STANDARDS FOR BASEL COMPLIANCE IN RUSSIA.

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PYMNTS

SEPTEMBER 17, 2020

SWIFT , a global provider of secure financial messaging services, announced Wednesday (Sept. Combining these elements, we are creating a broad platform with faster technology and smarter and better services that the industry can trust as a foundation for innovation towards their own end-clients.”.

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Gonzobanker

SEPTEMBER 21, 2023

Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Core: Core-n Mazes and Hayrides FIS acquired embedded finance provider Bond Financial Technologies and announced plans to spin off merchant solutions (to be named Worldpay ). for automated underwriting.

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PYMNTS

SEPTEMBER 14, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. 1 have just taken effect. 1 have just taken effect.

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Insights on Business

JULY 1, 2019

Until recently, the words “customer experience” and “compliance” didn’t really come up in the same conversation – let alone exist in the same universe. But often, these individual technologies are designed for usability and customer experience, rather than generating valuable insights. Learn more at ibm.com/RegTech.

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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. The lack of security cooperation between bankers and regulators also comes up for blame. Fraud is a Top Worry. Growing Awareness.

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Gonzobanker

AUGUST 17, 2022

Engagement platform Personetics also secured $85M from Thoma Bravo Digital banking provider Apiture announced a fundraising round led by Live Oak Bank, Pinnacle Bank, and BHG Financial Digital banking provider Backbase raised $128.6M Industry expert John Meyer digs deeply into the implications of this industry-changing rollup deal here.

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Fintech Lending Software Compliance 182

PYMNTS

MARCH 18, 2019

Rethinking Security Strategies . Money is the lifeblood that fuels any organization, and that includes terrorist and other criminal groups. Financial and Ethical Security Strategies. banks increasing their AML compliance staffing tenfold between 2012 and 2017, according to one report. Expectations have been high so far.

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PYMNTS

JULY 30, 2019

Emerging technologies, such as distributed ledger technology (DLT), increased international commerce, and new players like TransferWise, Alibaba and Amazon exacerbate these issues by introducing competition. The startup recently secured $16.5 Could Regulatory Compliance For Cross-Border Payments Be Simpler?

blockchain 200

blockchain Payments Compliance Regulation 200

Abrigo

JULY 13, 2023

Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. The most vulnerable and targeted group is older adults (over 60), with a reported 3.1 Would you like other articles like this in your inbox?

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PYMNTS

DECEMBER 28, 2020

Recent regulatory crackdowns on Ant Group, Alibaba and Tencent show that China’s former tech darlings have run afoul with all-powerful political and regulatory regime in China. Reuters quoted Ant as saying in a statement that it would establish a “rectification” working group and fully implement the government’s requirements. “In

US 168

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PYMNTS

MARCH 17, 2017

That’s why payments innovation isn’t just about delivering a solution, but delivering one that can create efficiency and reduce risk in a secure manner. ML: As executive vice president and CIO, I am responsible for the technology and security solutions we provide and how they are positioned in the marketplace.

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South State Correspondent

MARCH 7, 2024

Microsoft’s Office 365 CoPilot, the integration of the Microsoft version of OpenAI’s Chat GPT into the Office suite, represents the fastest, and likely safest way, to integrate the latest technology within your bank. However, the technology is not without its risks. Task Automation: Copilot for Banks is excellent at automating tasks.

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PYMNTS

NOVEMBER 25, 2019

25) that it secured $1 billion in new funds from Japan’s SoftBank and China’s Alibaba affiliate Ant. The exposed information, however, reportedly did not include password data, Social Security numbers or any financial information. 25) that it secured $1 billion in new funds from Japan’s SoftBank and China’s Alibaba affiliate Ant.

Security 130

Security Payments Google UX 130

Abrigo

JULY 25, 2023

How offering FedNow instant payments affects fraud & AML/CFT compliance What financial crime staff can do to prepare fraud and AML functions for implementing the FedNow Service for instant payments. Would you like other articles on fraud and AML/CFT compliance in your inbox? How to accept.

Fraud 195

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Insights on Business

JULY 30, 2019

In this series of blogs , we focus on four high-growth transformative technologies with emerging risk applications which can help banks and financial institutions complete and protect the enterprise. A key challenge for banks is the lack of systems needed to efficiently aggregate data from across the banking group for use in.

Risk Management 70

Risk Management Analytics Technology Management 70

Insights on Business

FEBRUARY 1, 2019

To those working in the financial services industry, security is at the core of their business. The rise of artificial intelligence and machine learning might help protect business assets, but it is also making it easier for the bad guys to find holes in the security. What does it mean to you? Feeling safe. Protected from threats.

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Abrigo

MAY 8, 2024

WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. Nevertheless, understanding the technology is crucial. Even if a financial institution isn’t yet using the technology, it can learn from peers.

Examples 222

Examples Fraud Resources Risk Management 222

PYMNTS

AUGUST 12, 2016

11) it teamed up with the National Institute of Standards and Technology (NIST) to publish a new resource to help enterprises and government organizations enhance their cybersecurity risk analysis , reporting and decision-making.

Resources 100

Resources National Technology Analysis 100

Perficient

JUNE 12, 2020

In a federated model, you have a digital core team that is supported by other departments that aren’t part of the digital team’s core business group. If your brand is taking the steps to mature, it might be that a centralized model starts with a small team with a plan to secure additional resources over time. Federated Model.

Resources 309

Resources Case Study Strategy Groups 309

PYMNTS

OCTOBER 16, 2020

A managed security services provider h as also con cluded a $53 million Series B round to help accelerate research and development of its cloud security technology, among other uses. Venture capital funding landed at accounts payable (AP) and cybersecurity technology firms, among other innovators that raised money this week.

Innovation 174

Innovation Capital Security United States 174

Abrigo

JANUARY 24, 2024

The FedNow Service offers various educational resources, as do other industry groups. Identify what occurs when ACWP is used and ensure compliance with Reg CC and FedNow operating procedures. Faster Payments Council, said in a video interview with Information Security Media Group. Talk to technology partners.

Fraud 222

Fraud Payments Software Policies 222

Insights on Business

MARCH 12, 2018

Gene Ludwig, the CEO and founder of Promontory Financial Group , recently sat down with Bloomberg Law in a wide-ranging interview to discuss his predictions for the future of RegTech, blockchain, and where he sees the markets going in the next three to five years. Learn more about Gene Ludwig and Promontory Financial Group.

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