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

JUNE 27, 2017

In this week’s Commander in Chief series, PYMNTS talks with mobile capture and identity verification company Mitek Systems ’ CEO James DeBello about what moves the ball for the mobile industry. He also offers advice for how to innovate in the field. PYMNTS: Where do you look for innovative ideas, and why?

Innovation 145

Innovation System Mobile Trends 145

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

JANUARY 22, 2020

Previously serving as its executive vice president of operations, Schroeder steps in for Judith McGuire, who is now serving in an executive role with PULSE’s parent company, Discover Financial Services. Jim Lerdal will take over the position of executive vice president of operations. percent in 2017 to 6.7 billion transactions. “In

Operations 131

Operations Management ATM Fraud 131

Perficient

FEBRUARY 22, 2023

This is a form of intelligence that can monitor system environments, make decisions, and take actions using contextual awareness while eliminating the need for a human to be in the loop. Blockchain technology is being used to create secure, decentralized ledger systems that can store and transfer data in a transparent and secure manner.

Trends 474

Trends North Carolina Customer Experience Charlotte 474

PYMNTS

JANUARY 22, 2020

Previously serving as its executive vice president of operations, Schroeder steps in for Judith McGuire, who is now serving in an executive role with PULSE’s parent company, Discover Financial Services. Jim Lerdal will take over the position of executive vice president of operations. percent in 2017 to 6.7 billion transactions. “In

ATM 130

ATM Operations Management Fraud 130

Perficient

JUNE 15, 2020

On June 24, 2020, Param Singh, Perficient’s director of clinical trial operations solutions, will host a webinar on clinical trial management system (CTMS) migrations. In fact, we just stood up a super-innovative biotech with a CTMS from a vendor that was recognized by its investors right off the bat.

System 332

System Operations Data Compliance 332

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. Consumer Needs.

Innovation 135

Innovation New Hampshire New York City Retail 135

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 . EU and U.K.

Compliance 151

Compliance Fraud Regulation Security 151

PYMNTS

MAY 23, 2017

Innovation is happening at the speed of payments — which, as it turns out, can be pretty fast these days. The essence of every week is reviewing business performance and forecasts, discussing opportunities, predicting and mitigating risks, looking for small openings for transformation and innovating. My weekend, however, is at home.

Innovation 190

Innovation Payments Compliance Risk Management 190

Bank Innovation

FEBRUARY 27, 2019

With the rise of large and nimble fintechs like PayPal and Stripe, banks have started evaluating their legacy core systems and, as a result, many have taken to core-overhauling in some form or another. This is a massive project," Ed Page, managing director at Protiviti, a technology consulting firm for FIs, told Bank Innovation.

System 170

System Fintech Innovation Management 170

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

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

Let's Talk Payments

JULY 14, 2017

In the financial services industry, compliance is not an option. It is the speed-inhibiting layers of operations that are extremely expensive and becomes even more expensive if not done correctly.

Compliance 112

Compliance Company Innovation Operations 112

PYMNTS

OCTOBER 28, 2020

Digital payments are prone to chargeback fraud, for example, and financial institutions (FIs) often report difficulties and high costs when updating their legacy systems to accommodate instant payment systems. A study found that FinTechs spend 70 percent of th eir budgets on innovation, while banks typically spend 35 percent.

Payments 219

Payments Compliance Fintech Innovation 219

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

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

NOVEMBER 12, 2019

Innovation in the accounts payable (AP) space continues to expand, with FinTechs looking to capture their piece of a growing market driven by businesses’ desire to digitize their operations. Below, PYMNTS rounds up the latest examples of how AP innovators pull suppliers’ accounts receivable processes into the fold.

Innovation 124

Innovation Digital Strategies Payments Tools 124

South State Correspondent

MARCH 14, 2024

The bank that will be around in the next 50 years will be one that develops the ability to build infrastructure now that allows for efficient innovation in the future. New products, new business lines and new ideas will drive long-term value and many banks are hindered by their technology and reliance on their core systems.

Innovation 195

Innovation Strategy Capital Comparison 195

PYMNTS

APRIL 18, 2018

Treasury management system provider GTreasury announced it reached a deal to acquire risk management and compliance software company Visual Risk , reports in Mondo Visione said Tuesday (April 17).

Compliance 100

Compliance Risk Management Tools Software 100

PYMNTS

DECEMBER 31, 2020

In our crazy banking system, you don’t actually have to prove who somebody is to put their name on a piece of paper and stick it in the mail,” he noted. One is regulatory trends, where regulators are looking to increase competition in this field and drive innovation. The other is technological innovation. According to J.P.

Innovation 289

Innovation Payments Trends Regulation 289

PYMNTS

JANUARY 24, 2018

Or, in a more long-winded fashion, that nimbleness which brings together new and existing rails, melding legacy systems with new layers of functionality. Vocalink, of course, provides and operates the central payments processing infrastructures that power the U.K. Call it agility.

Innovation 139

Innovation Payments Operations Marketing 139

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

SEPTEMBER 11, 2019

11) about the importance of innovation and the regulation of non-banking financial institutions (NBFI), according to a release. Innovation and regulatory reform are topics of much discussion in Washington these days. financial system by potential findings of non-compliance,” he said.

social media 116

social media Compliance Innovation Regulation 116

Bank Innovation

FEBRUARY 14, 2018

That’s why there is a need for a unified payments system in the region, Claus Bunkenborg, senior vice president of personal […].

System 257

System Regional Payments Mobile 257

PYMNTS

NOVEMBER 25, 2018

Shopping comparison website operators sent a letter to the European Union’s Competition Commissioner Margrethe Vestager late last week contending that Google isn’t complying with a ruling by the EU in regards to how it should display shopping services. Last year the EU hit Google with a $2.72 Last year the EU hit Google with a $2.72

Google 108

Google Comparison Compliance System 108

PYMNTS

DECEMBER 2, 2020

Diem Networks will operate the actual payments system, which will oversee a new currency called the Diem Dollar. Along with the name change, the Diem Association also announced a bevy of top executive hires, filling a number of key compliance and legal positions.

cryptocurrency 156

cryptocurrency Regulation Compliance System 156

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

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

APRIL 27, 2022

Bank will accelerate its cloud strategy with Finastra’s Fusion KTP in the cloud, enabling faster access to innovation and a proactive approach to global treasury management. The move will enable the bank to harness a fully integrated treasury management platform and gain faster access to innovation and time to market. About Finastra.

Management 113

Management Innovation Operations Strategy 113

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

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.

Fraud 270

Fraud Compliance cryptocurrency Security 270

Abrigo

JUNE 10, 2020

The former Chief Operational Risk Officer was fined for insufficient action on AML program deficiencies and staffing issues. Abrigo Compliance & Engagement Director Terri Luttrell, CAMS-Audit, says that fines against individual BSA professionals are rare. The recent $450,000 fine of U.S.

Resources 195

Resources Regulation Compliance Policies 195

Bobsguide

MAY 8, 2022

A recent GFT survey revealed that 95% of banks adopt cloud to improve time to market, while 86% of them do it to improve innovation and scalability. Although these objectives might seem ambitious, they are achievable if the transition to cloud is regarded as an opportunity to re-imagine systems and applications.

Compliance 166

Compliance Risk Management Digital Banking System 166

PYMNTS

SEPTEMBER 12, 2019

“The business world has accelerated, but the payments that enable it are stuck in neutral – paper checks and manual invoicing need to be scrapped, man-hours need to be applied to more strategic roles and back-offices need tools to help streamline operations,” said James Anderson, executive vice president, commercial products.

Payments 192

Payments System Innovation Compliance 192

Insights on Business

MAY 1, 2018

As the banking Payments ecosystem in Canada continues to expand, IBM is looking forward participating in the upcoming Payments Canada Summit , held in Toronto on May 9-11 with industry leaders, innovators and challengers. Compliance. With over 90 speakers and 40 different breakout sessions, there is something for everyone. Biometrics.

System 126

System Payments blockchain Fraud 126