Abrigo

NOVEMBER 2, 2021

Culture of compliance is crucial to BSA/AML programs Culture of compliance within the BSA/AML framework is not new and was first introduced by FinCEN in 2014. Takeaway 2 Poor culture of compliance will result in shortcomings in a financial institution's BSA/AML program. A strong culture of compliance is crucial.

Compliance 195

Compliance Regulation Resources Policies 195

Bank Innovation

JANUARY 6, 2017

Professionals in the financial services industry are focusing their energy on regulation and data management, according to a survey from consulting firm and technology services provider Synechron.

Regulation 210

Regulation Industry Management Data 210

Insights on Business

OCTOBER 3, 2018

IBM RegTech Innovations. Advances in artificial intelligence (AI), blockchain, and cybersecurity are poised to transform the financial services industries. AI-driven predictive analytics and process automation will transform client on-boarding, financial risk, regulatory compliance, financial crimes, and fraud preemption processes.

Industry 155

Industry Innovation blockchain Compliance 155

PYMNTS

NOVEMBER 4, 2020

Trade finance players, including corporates, banks and regulators, are finally ready to embrace modernization and technology. As a highly regulated area of financial services, trade finance has struggled to enter the digital age. Previously, regulation was very slow in adapting and approving of different technology," he said.

Regulation 234

Regulation Tools Compliance Technology 234

Abrigo

FEBRUARY 27, 2020

Key Takeaways FinCEN hires Digital Innovation Officer to prove commitment to innovation in BSA/AML. Abrigo embraces innovation with the introduction of artificial intelligence scenarios. Our Transparent AI is easy to explain to regulators. . Abrigo Embraces Innovation with Machine Learning Scenarios. learn more.

Innovation 195

Innovation Software United States Compliance 195

Bank Innovation

DECEMBER 18, 2018

A majority of Bank Innovation readers do not believe the results of the November midterm elections will have any impact on regulation pertaining to the fintech industry.

Regulation 210

Regulation Fintech Innovation Industry 210

Perficient

JANUARY 23, 2024

The COVID-19 pandemic prompted several unprecedented shifts in society, notably impacting the workplace and necessitating the adoption of innovative technologies that facilitate collaboration and efficiency in a work-from-home (WFH) environment. This post has been updated to reflect FINRA Regulatory Notice 24-02, issued January 23, 2024.

Compliance 221

Compliance Regulation Industry Maine 221

Accenture

MARCH 23, 2017

I wanted to follow on from my previous blog around the emergence of RegTech (technologies that address the challenge and cost of regulatory compliance.) I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. Now—what does RegTech mean?

Regulation 150

Regulation Industry Trends Compliance 150

Accenture

MARCH 23, 2017

I wanted to follow on from my previous blog around the emergence of RegTech (technologies that address the challenge and cost of regulatory compliance.) I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. Now—what does RegTech mean?

Regulation 150

Regulation Industry Trends Compliance 150

Perficient

JANUARY 3, 2024

The COVID-19 pandemic prompted several unprecedented shifts in society, notably impacting the workplace and necessitating the adoption of innovative technologies that facilitate collaboration and efficiency in a work-from-home (WFH) environment. What’s New?

Compliance 221

Compliance Risk Management Regulation Industry 221

CFPB Monitor

MAY 31, 2022

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.” Responsible Innovation “.

cryptocurrency 146

cryptocurrency Innovation DC National 146

PYMNTS

NOVEMBER 13, 2020

But in the alcohol beverage arena, unique regulations — many of which date back to the era of prohibition — have added an extra layer of complexity to the supply chain. Despite a growing community of FinTech solutions geared toward the industry, managing invoices and B2B payments remains a challenge. Navigating B2B Payments Compliance.

Industry 219

Industry Payments Retail Regulation 219

PYMNTS

JULY 10, 2020

For several years, while state-level legalization has expanded, access to traditional banks remains an issue thanks to their status as federally regulated entities. That doesn’t mean these companies have the ability to easily adopt the same payments solutions that businesses in other industries can access.

Innovation 210

Innovation Payments Tools Compliance 210

Insights on Business

AUGUST 22, 2018

IBM RegTech Innovations. Regulatory change is growing in size and IBM’s innovative end-to-end GRC solution , powered by Watson, is enabling the financial services industry to meet this challenge. Given these issues, it is critical that governance, risk and compliance (GRC) systems are leveraged to enhance this process.

Compliance 79

Compliance Innovation Technology Policies 79

Perficient

JUNE 1, 2023

As the financial services industry continues to evolve, companies are looking for ways to stay ahead of the competition and increase their market share. We understand the complexities of the industry and are here to make the process of integrating Generative AI as seamless as possible.

Compliance 251

Compliance Industry Regulation Data 251

PYMNTS

AUGUST 21, 2019

ADEC Innovations, a global sustainable practice and compliance firm, is partnering with London-based Libryo , a legal tech software as a service (SaaS) company, to help brands understand compliance requirements, ADEC said in a press release on Tuesday (Aug. The software will track chemical use and manage compliance.

Compliance 108

Compliance Innovation Software Risk Management 108

Gonzobanker

NOVEMBER 22, 2022

Well, Gonzobankers, the smart, idealist and self-declared revolutionary crypto kids just bought themselves a future of regulation — intricate, overbearing, and frustrating regulation, and regulation that the market will now demand. Welcome to adulthood, y’all. What’s Next? But please, don’t get cocky.

Regulation 178

Regulation blockchain Marketing Strategy 178

PYMNTS

JUNE 11, 2020

Social distancing restrictions implemented to curb the virus’s spread are preventing compliance professionals from obtaining physical identification documents and holding in-person meetings that typically enforced anti-money laundering/know your customer (AML/KYC) compliance. Compliance Enforcement Goes Remote With Biometrics.

Compliance 186

Compliance Guidelines Meeting Tools 186

PYMNTS

OCTOBER 16, 2019

The Cost of Compliance. Scandal and fraud tarnishing banks’ reputations aside, the impact that AML compliance controls have had on these banks’ bottom lines can’t be underestimated. banks have to analyze AML regulations before even beginning to innovate, and the rules in question change often. Challenges and Solutions.

Compliance 123

Compliance Fraud Study Digital Banking 123

PYMNTS

MAY 27, 2020

The COVID-19 pandemic is accelerating the pace of digital innovation across the financial sector, and credit unions (CUs) are no exception. Many CUs are investing heavily in new digital technologies to help serve their members during the COVID-19 pandemic, but not all innovations are successful. About The Tracker.

ATM 243

ATM Innovation Meeting United States 243

PYMNTS

SEPTEMBER 17, 2018

Innovations like the Internet of Things (IoT), telematics and mobile payments are primed to disrupt the fleet space, but the industry may not be making use of these tools as much as it perhaps should be. “That’s likely due to tech fatigue, especially in the wake of regulations that [demand] new technology, like ELDs.”

Compliance 139

Compliance Industry Technology Data 139

PYMNTS

SEPTEMBER 24, 2020

Staying abreast of these various compliance shifts can be costly and challenging for banks, but doing so is necessary to ensure that financial institutions’ (FIs) operations can run smoothly and ward off cyberattacks. Compliance, Cybercrime And The Cloud . Most banks are familiar with how quickly regulatory requirements can change.

Compliance 151

Compliance Fraud Regulation Security 151

PYMNTS

DECEMBER 7, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from governments around the world. UK Regulations to Create New Digital Markets Unit. antitrust regulators are creating a Digital Markets Unit that will be given the duty to enforce rules applicable to Big Tech firms.

Apple 143

Apple Regulation Taxes Marketing 143

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

Abrigo

APRIL 27, 2020

The Exam Manual was originally intended to provide instructions to examiners when assessing the adequacy of a financial institution’s BSA/AML compliance program when it was first published in 2005. FinCEN Strengthens Commitment to Digital Innovation. The April 2020 updates are just updates, not revisions. Learn More. BSA Software.

Regulation 195

Regulation Compliance Software Analytics 195

PYMNTS

OCTOBER 6, 2020

Keeping customers' digital payment data safe and secure is a critical part of doing business in the digital economy, and following Payment Card Industry (PCI) compliance guidelines is an effective way for firms to accomplish this. Getting Up to Speed on Compliance. Sharing the Compliance Burden.

Compliance 178

Compliance Meeting Payments Cards 178

CB Insights

MARCH 31, 2023

Regulatory concerns have grown increasingly salient for both regulators and financial institutions in the face of market volatility, particularly amid the recent Silicon Valley Bank crisis. The post 200 companies automating regulatory and compliance efforts for financial institutions appeared first on CB Insights Research.

Compliance 65

Compliance Company Regulation Innovation 65

Abrigo

JANUARY 30, 2024

Get your ticket now for ThinkBIG, an industry-leading learning and networking event. REGISTER Takeaway 1 Banking and compliance professionals rely on ThinkBIG to elevate their understanding of industry shifts and regulatory pressures. Still on the fence about attending the ThinkBIG 2024 conference?

Conference 195

Conference Arizona Phoenix Fraud 195

BankNXT

JANUARY 16, 2018

The things that keep our industry safe – rules, regulations and compliance – are the very things that could cause fintech firms to lose their edge. Innovation with compliance is difficult on BankNXT. Story by Chris Skinner.

Compliance 44

Compliance Innovation Regulation Fintech 44

Insights on Business

JANUARY 22, 2018

As we enter a new year, uncertainty in the risk and compliance landscape is as evident as ever. The amount of regulations and pace of change continues to be overwhelming. Topics that will be discussed are: How will FinTech innovation shape the compliance and risk management landscape for regulated firms?

Compliance 105

Compliance Risk Management Meeting Regulation 105

PYMNTS

APRIL 29, 2020

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. Yet doing so will be key, he said, to supporting the overall evolution of the global payments industry. As Karalevi?ius

cryptocurrency 283

cryptocurrency Compliance Regulation Payments 283

Bank Innovation

JANUARY 23, 2020

Amid the digital upheaval in our industry, one thing hasn’t changed: regulatory compliance. In fact, given digital transformation, it is even more important that institutions maintain their compliance with federal, state and local laws and regulations.

Compliance 243

Compliance Regulation Fintech Industry 243

Insights on Business

MAY 1, 2019

In the financial services industry in the United States, one thing remains constant – change. A recently published Thomson Reuters study titled “ Fintech, Regtech and the Role of Compliance in 2019 ” found that a new regulatory alert is issued every seven minutes. As recently as two weeks ago, the U.S. Read the report here.

Compliance 141

Compliance United States Regulation Study 141

Bank Innovation

NOVEMBER 10, 2017

EXCLUSIVE—If fintechs want to land a successful partnership with a financial incumbent, understanding the regulatory atmosphere of the industry is crucial, Steve Smith, CEO of Finicity, told Bank Innovation.

Fintech 225

Fintech Compliance Innovation Industry 225

PYMNTS

OCTOBER 18, 2017

Innovation is oxygen in payments. For financial services firms, innovation is spurring speed, killing friction and fostering loyalty among customers. That, itself, begs the question: What is innovation, really? explained there is wide variation in the definition of innovation.

Innovation 140

Innovation Compliance Community Bank Strategy 140

Bank Innovation

NOVEMBER 21, 2019

Following a recent backlash resulting from allegedly discriminatory underwriting methods for the Apple Card, lenders’ moves are facing scrutiny from regulators. In light of the increased oversight, however, industry practitioners emphasize the role of AI as a catalyst for a more inclusive process.

Apple 243

Apple Regulation Innovation Cards 243

Insights on Business

AUGUST 8, 2018

IBM RegTech Innovations. Nearly two years ago Lloyd Blankfein, CEO of Goldman Sachs, predicted that the demand for compliance analysts to meet the institution’s regulatory obligations would soon be leveling off : This has a Y2K feel about it – that is, we have to hire additional people because we have to get ourselves up to speed.

Compliance 79

Compliance Innovation Regulation Analytics 79