PYMNTS

AUGUST 23, 2019

Security and compliance are also vital components in ensuring that payments are delivered safely and without delay. And to that end, we’ve seen growing engagement and co-operation across the industry.”. There are different levels of understanding about what real-time ‘payments’ means in terms of compliance,” Lee told Webster.

Compliance 192

Compliance Security Payments Community 192

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 . Failing to secure such information could open up FIs to fraud.

Compliance 151

Compliance Fraud Regulation Security 151

Insights on Business

JULY 26, 2018

IBM RegTech Innovations. One of the best things about working at IBM—and in the RegTech field in particular—is meeting daily with the engineers and developers who are driving technological innovation in the financial industry. Banking clients are constantly asked to provide the same information, over and over again.

blockchain 151

blockchain Innovation Customer Experience Compliance 151

PYMNTS

JULY 10, 2020

And while payments tools indeed must be wary of the complex and ever-changing compliance requirements unique to the cannabis market, there is opportunity, he said, for the marijuana sector to eventually become a powerful influencer over other industries’ adoption of solutions like optimized B2B payment tools.

Innovation 210

Innovation Payments Tools Compliance 210

Abrigo

DECEMBER 5, 2023

AML Compliance Ten qualities of a successful BSA officer Hiring a Bank Secrecy Act (BSA) Officer for a financial institution involves looking for a unique experience level and skillset that ensures compliance with the BSA and related regulations. This includes training staff on BSA/AML policies and fostering a culture of compliance.

Training 221

Training Compliance Regulation Software 221

Bank Innovation

AUGUST 21, 2018

These are the three questions Comerica Inc’s EVP and CIO Sangy Vatsa asks himself before every major innovation project. Vatsa joined the Dallas-based Comerica as chief information officer a little over two years ago, in 2016. Since then the bank’s innovation team has consistently […].

Innovation 186

Innovation Dallas Operations Online 186

PYMNTS

JANUARY 15, 2020

The grocery battles are heating up in retail, and that is sparking innovation and could lead to even more disruption. Another example of grocery innovation at the show involved “a small autonomous drone using computer vision and artificial intelligence (AI) to tackle on-shelf inventory visibility. Walmart’s Big Move. Consumer Needs.

Innovation 135

Innovation New Hampshire New York City Retail 135

PYMNTS

MAY 24, 2019

The Financial Crimes Enforcement Network ( FinCEN ) is launching an initiative called the FinCEN Innovation Hours Program, as a call to private sector companies that have developed tech to fight money laundering and terrorist financing, the organization said in a release. FinCEN expects to hold events in the Washington, D.C.

Innovation 124

Innovation US Metro Washington 124

Perficient

NOVEMBER 27, 2023

When approached well, it enables organizations to: Unearth hyper-detailed insights into how work is done Identify processes that hinder productivity and are ripe for a rethink This is accomplished by combining data science and process management to deeply understand operational processes based on an organization’s widely available activity logs.

Industry 221

Industry Regulation Compliance Data 221

PYMNTS

FEBRUARY 17, 2017

In a press release , Verizon said Skyward, which is based in Portland, adds drone management to the Verizon IoT portfolio, making drone operations easier to manage for any size company. companies rely on Skyward to manage drone operations, improve safety and lower operating costs. According to Verizon, outside of the U.S.,

Operations 100

Operations Portland Management Analytics 100

Bobsguide

AUGUST 7, 2022

London, UK – August 3, 2022 – Finastra announced today that The Co-operative Bank has selected Finastra Kondor in the cloud, available via Microsoft Azure, to upgrade its treasury infrastructure and automate manual reporting and processes.

Operations 68

Operations Strategy Innovation Policies 68

Bank Innovation

JUNE 26, 2018

arm of the Spanish bank BBVA, has no designated innovation head. Instead, all innovation initiatives fall under the bank's head of business development, José "Pepe" Olalla. Olalla, who has been with BBVA since 1992, served as BBVA's Chief Information Officer […]. PREMIUM - BBVA Compass, the U.S.

Innovation 170

Innovation Mobile Operations Online 170

Insights on Business

OCTOBER 3, 2018

IBM RegTech Innovations. These technologies bring capabilities that speed risk modeling, automate fraud detection, ensure regulatory compliance, enable distributed trust, and protect sensitive financial information. Transforming how financial institutions operate. Today the process of ensuring compliance is highly manual.

Industry 155

Industry Innovation blockchain Compliance 155

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. The problem is that certain technologies struggle to gain traction within fleet operations.

Compliance 139

Compliance Industry Technology Data 139

PYMNTS

SEPTEMBER 10, 2019

The upgrade to TransactID includes the addition of two new features: the ability to break down certificates of a user’s identity into smaller pieces of personally identifiable information (PII), as well as the ability for senders and receivers of money to request PII from each other.

Compliance 101

Compliance Bitcoin cryptocurrency Meeting 101

Insights on Business

NOVEMBER 12, 2018

Today, governance, risk and compliance (GRC) is being transformed by not only rapidly-evolving regulatory standards and growing costs of non-compliance, but also by the clear and present need for greater GRC adoption/engagement – by the first line of defense – while delivering added value by empowering business users.

Compliance 107

Compliance Technology User Experience Analytics 107

PYMNTS

DECEMBER 29, 2020

With it, financial institutions need to strengthen their compliance to mitigate the risk of running afoul of the law. It’s great to see the prioritization on innovation with this bill,” Wingert said, calling the AML regulatory changes important. Complex Compliance. In fact, a recent GeoGuard survey found that U.S.

Fraud 270

Fraud Compliance cryptocurrency Security 270

PYMNTS

DECEMBER 31, 2020

From the back-office bean counter to the overseer of cybersecurity and anti-money laundering (AML) compliance, the modern corporate treasury has undergone an extreme makeover in recent years that goes well beyond its historic roots in cash management. The other is technological innovation. According to J.P.

Innovation 289

Innovation Payments Trends Regulation 289

Bank Innovation

JUNE 15, 2016

Bank Innovation today officially launches BankBoost, a new app that fosters information discovery in the fintech industry. Users can post on any fintech topic and seek answers from the Bank Innovation community. BankBoost is an “answerbase,” which means it is an app for getting questions to your fintech questions.

Innovation 150

Innovation Fintech Community Industry 150

Perficient

JUNE 1, 2023

Generated output takes into account everything from brand voice and word and character length to fact verification, and includes up-to-date information. We also enable clients to use Writer’s snippets to follow strict compliance regulations and efficiently include disclosures in their Sales and Marketing.

Compliance 251

Compliance Industry Regulation Data 251

Independent Banker

JANUARY 31, 2023

Photo by Rido/Adobe Maximizing each step in the innovation journey, including the fintech evaluation process, will set you on the right path to a fruitful fintech partnership. By Charles Potts, ICBA When it comes to innovation, understanding how we do it may be even more important than why. This is the year of innovation in action.

Fintech 139

Fintech Innovation Community Community Bank 139

PYMNTS

JUNE 19, 2020

Merchants looking to expand their operations at home and abroad must be able to support their customers’ preferred payment methods, but doing so is no easy feat. For more information on these stories and other payments orchestration headlines, download the Playbook. Around The Payments Orchestration Ecosystem.

Payments 188

Payments Compliance Resources Fraud 188

PYMNTS

MARCH 8, 2018

That’s the question Brian Dorchester, EVP of Operations at First American Payment Systems , explored in this week’s Commanders In Chief series. The industry, he noted, was fairly stagnant for about 15 years before the more recent wave of innovation swept over the space. Security comes first, said Dorchester.

Innovation 112

Innovation Security Industry Fraud 112

PYMNTS

JULY 5, 2017

Innovation is both genesis and lifeblood for companies, especially within the payments space. PYMNTS: How would you define Applause’s approach to innovation? PYMNTS: How would you define Applause’s approach to innovation? Our approach to innovation is two-fold. Innovation is only valuable if it’s usable.

Innovation 121

Innovation Customer Experience Mobile Security 121

CFPB Monitor

MAY 24, 2019

The OCC’s Semiannual Risk Perspective report focuses on key issues that pose threats to bank safety and soundness and legal compliance. Among such issues discussed in the Spring 2019 report , which generally reflects bank data as of December 31, 2018, are risks arising from financial innovation and new technologies.

Innovation 68

Innovation Report Compliance Risk Management 68

Insights on Business

JANUARY 23, 2017

They’re spending about $100 billion a year on compliance efforts. The problem is that traditional technology is not well designed to understand and manage regulatory compliance. Now, however, IBM is applying new technology to the field of regulatory compliance that can highlight critical information faster than any human.

Compliance 70

Compliance Regulation Training Study 70

Bobsguide

MARCH 24, 2022

Finastra and CloudMargin Collateral Management as a Service offering accelerates compliance with UMR regulation. Stuart Connolly, CEO of CloudMargin, said, “Now is the time for Phase 6 firms, that will be subject to UMR for initial margin calls, to start addressing operational and technological challenges ahead of the deadline.

Compliance 60

Compliance Management Regulation Software 60

Abrigo

JUNE 9, 2020

Technology has enabled financial institutions to operate more quickly and efficiently, creating a better experience for customers. Compliance is at the center of the lending process at financial institutions. Without the right tools and processes in place, however, compliance can be monotonous and inefficient. Learn more.

Technology 195

Technology Lending Compliance Data 195

PYMNTS

JULY 11, 2017

The basis of innovation is not the desire to create something new or even the inspiration to do so. Innovation occurs where there is a problem and a person with the tools to solve it. Anyone can have a good idea,” Lowthers said; innovation is about what you do with it. PYMNTS: Where do you look for innovative ideas, and why?

Innovation 101

Innovation social media Security Leadership 101

PYMNTS

SEPTEMBER 8, 2020

While consumer onboarding for banks and FinTechs has seen immense innovation in recent years, the same cannot be said for business customers, according to Kyle Mack, CEO of Middesk. Mack said this gives FinServ companies an even bigger opportunity to gain value from this information, particularly when it comes to fraud mitigation risks.

Fintech 198

Fintech Compliance Fraud social media 198

PYMNTS

SEPTEMBER 19, 2017

In 2016, corporate banking made up 38 percent of overall operating income across 20 of the world’s largest banks,” explained Patricia Hines, senior analyst at Celent, in a statement. The disruptors range from machine learning and blockchain to APIs and faster payment initiatives, and banks have a choice to make when pursuing these tools.

Innovation 108

Innovation Survey blockchain Lending 108

Bank Innovation

APRIL 18, 2016

Banks have generally been reluctant to move important information from in-house environments to the cloud, but that could Read More. ‘Cloud’ used to be a scary word in banking — but as the services offered by Amazon, IBM and others grow more sophisticated, both bankers and regulators are learning to love the cloud.

Compliance 150

Compliance Tools Regulation social media 150

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. PYMNTS: What does a day in a life of a chief information officer (CIO) look like? PYMNTS: What does innovation mean to you? Here is an excerpt of the conversation.

Innovation 108

Innovation Security Payments Mobile 108

Perficient

OCTOBER 6, 2020

Most companies accumulate legacy applications over time, leading to issues with compliance, security, increasing support costs, and complex performance management. Security and compliance considerations. Our Microsoft Azure and Red Hat experts will assess and inform your unique Microsoft and open source on Azure strategy.

Strategy 429

Strategy Training Analysis Security 429

Abrigo

JULY 20, 2017

AAR is the global leader for online news, product and innovation information on risk, compliance, and trading. Stress Testing By automating business loan operations with the products listed, banks and credit unions are able to make good loans faster and minimize risk. Loan Administration. Loan Decisioning. Loan Pricing.

Software 150

Software Report United States Compliance 150

PYMNTS

SEPTEMBER 8, 2020

The FAA’s role is to ensure that any [drone] operation is performed safely,” the FAA said in a statement to PYMNTS. The FAA supports innovation that is beneficial to the public, especially during a health or weather-related crisis.”. Big Tech Updates Fees to Reflect UK Digital Services Tax.

Taxes 131

Taxes Google Apple social media 131

PYMNTS

OCTOBER 26, 2018

For banks, that information is key to facilitate the processing of a transaction and ensure the proper compliance checks are complete, including Know Your Customer (KYC). “There is a different between sharing more information, and being able to securely share actual documents,” Armstrong told PYMNTS.

Data 150

Data Compliance Payments Tools 150