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

Gonzobanker

MAY 17, 2022

As technology buyers, banking executives need to up their game on tech purchases and technology performance management. For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. And you may ask yourself, ‘How do I work this?

Technology 135

Technology Regional Community Bank Community 135

Bobsguide

JUNE 22, 2022

Interswitch, Africa’s leading integrated payments and digital commerce company, and Compass Plus Technologies, an international provider of retail banking and electronic payments software, have announced a partnership to further strengthen Interswitch’s payment card processing capacity in Africa.

Technology 78

Technology Payments Regional Cards 78

PYMNTS

SEPTEMBER 24, 2019

The bumpy road cryptos face under scrutiny from regulators (we’re looking at you, Libra ) was a springboard into a larger discussion between Zac Cohen, general manager at Trulioo , and Karen Webster on the challenges FIs and others face when deploying new technologies. Complications arise when financial activity is so far-flung, he added.

Innovation 182

Innovation Fraud Technology Security 182

Bank Innovation

JULY 25, 2016

Regions Bank tied with Amazon.com in a recent ranking of web experiences. How does a super-regional bank match the efforts of one the most sophisticated digital companies in the world, one that obsesses over customer experience?

Regional 150

Regional Customer Experience Company Online 150

PYMNTS

DECEMBER 14, 2017

Not innovating is not an option. Perhaps in the early days of digital banking and mobile apps, innovative technology was a “nice to have,” but that is no longer the case. The Bank Innovation Readiness Index , in collaboration with payments solutions provider i2c , provides evidence to back that up. Methodology.

Innovation 162

Innovation Branding Payments Survey 162

PYMNTS

JULY 31, 2019

As PYMNTS readers know, the role and appeal of FinTech is increasing significantly as consumer demands rapidly change, and technology and regulatory efforts encourage further innovation in digital payments and global transactions. And that’s where we come to FinTech. FinTech Partnerships. “The That’s what the U.S.

Fintech 192

Fintech Innovation US Payments 192

PYMNTS

MARCH 21, 2018

Globalization, while supporting business growth, places new pressures and challenges on the payroll department — particularly when it comes to compliance and the need to manage regulations that continue to evolve both within and across borders. found most admit they have seen “questionable” practices related to compliance.

Compliance 109

Compliance Survey Resources Regulation 109

Insights on Business

FEBRUARY 21, 2019

Digitally transforming operations, operating models and technologies to compete in a changing industry structure. Optimizing risk, compliance and security. IBM has helped many regional and global organizations along this path with everything from migrating existing workloads to forward-looking projects such as blockchain and AI.

Innovation 79

Innovation Seattle blockchain Customer Experience 79

PYMNTS

OCTOBER 6, 2016

All of this has occurred as the company has continued to expand the pilot phase of its global payments innovation (gpi) initiative, thus far signing on dozens of major financial institutions to an effort aimed at streamlining cross-border payments. Region Stacy Rosenthal didn’t speak directly of Ripple’s swipes.

Innovation 188

Innovation Payments Fintech New York 188

PYMNTS

MARCH 29, 2019

New research from UBS points to the largest spenders on bank technology: JPMorgan and Bank of America. banks’ technology budgets and explores which institutions are spending the most on innovation, using transcripts from conference calls, internal bank data released by the institutions and data from FactSet to reach its conclusions.

US 181

US America Technology Conference 181

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

FICO

JANUARY 8, 2020

At long last, fraud and compliance infrastructures are starting to converge. In the US, the use of artificial intelligence and machine learning in compliance is set to expand dramatically, per directives from the Financial Crimes Enforcement Network (FinCEN). This regulatory pressure is happening in other regions as well.

Compliance 52

Compliance Fraud New York City Analytics 52

PYMNTS

DECEMBER 14, 2017

214 | The number of banks surveyed in the PYMNTS Bank Innovation Readiness Index, in collaboration with payments solutions provider i2c. The survey, which excluded the top 25 banks, was comprised of regional banks, smaller commercial banks, community banks and credit unions, the majority having assets between $500 million and $5 billion.

Bitcoin 122

Bitcoin Data Compliance Survey 122

PYMNTS

JULY 7, 2020

This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings. Finastra Chosen by Community FI. Faster Payments scheme. Surecomp Debuts as-a-Service Offering.

Community Bank 242

Community Bank Community Fintech Regional 242

PYMNTS

FEBRUARY 11, 2020

In a move that bolsters its financial technology presence in India, Uber has put an Uber Money team into place in Hyderabad. Uber Money teams are also located in Palo Alto, Amsterdam, New York and San Francisco tech centers, Livemint reported.

San Francisco 186

San Francisco Fintech Analytics New York 186

PYMNTS

MARCH 2, 2020

The plans came from the “high demand” in the region for i2c services, the release states. i2c is known for partnering with a number of financial institutions (FIs), FinTech firms and governments using what it calls its “agile” processing technologies and API techniques.

Regional 132

Regional Apple Policies Compliance 132

PYMNTS

SEPTEMBER 20, 2020

If the European Union (EU) gets its way, the 27-nation bloc will have the power to split or force the sale of giant technology companies that threaten smaller rivals and their customers. Violators would be assessed penalties for non-compliance. But he added such action would only be used in extreme cases.

Compliance 175

Compliance Regulation System Taxes 175

PYMNTS

DECEMBER 2, 2020

On the path to payments innovation, collaboration is key. This week, Mastercard unveiled its newest commercial payments technology offering: a virtual card product that is supported by mobile wallets. Mastercard Mobilizes The Virtual Commercial Card. Razorpay Links With Visa For Small Business Card Solutions.

Cards 163

Cards Fintech Innovation Management 163

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet.

Fintech 194

Fintech Community Regional Technology 194

PYMNTS

DECEMBER 11, 2019

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. The world of Islamic finance is growing, and with it, the region’s FinTech strength. Islamic Finance Growth.

Fintech 144

Fintech Lending Regional Regulation 144

PYMNTS

SEPTEMBER 11, 2019

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. Different regions have their own unique payment rails, and no two abide by the same regulatory framework. So, what’s the problem?

Payments 190

Payments Regional Operations Guidelines 190

PYMNTS

JUNE 15, 2020

Speaking with PYMNTS, Aion Bank Chief Commercial Officer, Head of Corporate and X-Border Krzysztof Czuba identified some of the particular challenges that SMBs in the region face, and explored how FinTech and banking solutions must include both a local and global approach to help SMBs recover. Recovery Through Technology. ”

Regional 245

Regional Operations Fintech Tools 245

Insights on Business

AUGUST 15, 2018

IBM RegTech Innovations. A few weeks ago, my colleague Sam Kalyanam discussed the challenge facing financial institutions regarding the way they conduct anti-money laundering (AML) compliance. Let’s be honest, banks and other institutions have been dealing with sub-par compliance processes for a long time. Well, technology has.

Compliance 70

Compliance Analytics System Regional 70

PYMNTS

JULY 31, 2019

The technology giant is collaborating with enterprise IT consulting firm Publicis Sapient to develop end-to-end solutions for Anglo-Gulf Trade Bank in an effort to expand access to trade finance in the region, the companies said.

Technology 108

Technology Regional Innovation Compliance 108

CB Insights

MAY 15, 2019

One popular approach: in-house financial innovation labs. We’ve created a list of finance innovation labs from some of the biggest names in the industry, as well as from newcomers looking to make a name through tech. We’ve written about corporate innovation theater before — and how sometimes corporate innovation goes wrong.

Innovation 78

Innovation blockchain Technology Groups 78

PYMNTS

SEPTEMBER 11, 2019

The UAE is globally renowned as a digitally-centric hub that thrives off nurturing innovation and new-age thinking for tomorrow’s social and economic betterment,” Gould said. “As Enterprise IT consulting firm Publicis Sapient will develop end-to-end solutions for AGTB in an effort to expand access to trade finance in the region.

Digital Banking 109

Digital Banking Marketing Innovation Regional 109

PYMNTS

AUGUST 4, 2019

Cryptocurrency compliance company Elliptic has released the Elliptic Data Set, which aims to identify crypto transactions associated with money laundering. A big problem with compliance, in general, is false positives. However, the majority of the transactions, around 77 percent, remained unclassified. “A

Bitcoin 115

Bitcoin Study Data Massachusetts 115

PYMNTS

OCTOBER 23, 2018

22), BofA Merrill said the solution also integrates data analytics and machine learning technologies to accelerate the process. The interbank payment system has become the subject of innovative efforts as FinTech firms and banks explore how to enhance automation and transparency in the process. In a press release issued Monday (Oct.

America 190

America Regional Analytics Compliance 190

PYMNTS

NOVEMBER 14, 2017

Researchers announced East & Partners’ new report, “Financial Technology and the Corporate,” on Monday (Nov. East & Partners found regional trends in corporate treasurers’ demand for FinTech solutions, too. An additional 20 percent said they are considering doing the same.

Tools 179

Tools Fintech Survey Analysis 179

PYMNTS

MARCH 2, 2020

Andrew Zwicker (D-Hunterdon), chairman of the Assembly’s Science, Innovation and Technology Committee and lead sponsor of the legislation. New Jersey joins Washington, Illinois and other states and regions in introducing data privacy laws. He added that his committee is holding a public hearing for feedback on March 16.

NJ 249

NJ New Jersey Regulation Data 249

PYMNTS

JULY 2, 2020

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. As companies elevate their use of payroll cards, Galileo Financial Technologies is rolling out its own solution to facilitate employee compensation.

Cards 208

Cards New York Capital Compliance 208

PYMNTS

MAY 29, 2019

Western Union has expanded its services into Thailand and launched a brand new international money transfer service in the region, the company said in a release. We use cutting-edge technology to simplify money transfer. initiative, which aims to bolster the economy with tech and innovation.

Mobile 188

Mobile Regional Innovation Compliance 188

Perficient

NOVEMBER 4, 2020

In many ways, we can help guide our customers in streamlining their PV operations and technology platforms to become more efficient and flexible for growth, all while remaining compliant and keeping to a sane budget. The goal is to gain efficiencies as the regulatory PV burden for compliance becomes heavier. It’s the key to success.

Groups 309

Groups US Meeting Case Study 309

Insights on Business

NOVEMBER 19, 2018

Regions Bank announced in its recent earnings call that it is leveraging IBM Watson to help customers get answers to their customer service questions over the phone and to help bankers improve the speed and accuracy of their answers. What does this look like in practice? The result? Thinking Outside the Box.

Compliance 177

Compliance Regional blockchain Technology 177

PYMNTS

DECEMBER 12, 2019

Players in the sharing economy must contend with an increasingly complex online payments ecosystem as they move into new regions and attract participants to their platforms. This requires payment innovation that matches both owners’ and renters’ market-specific needs. I view [Outdoorsy] as the sharing economy 2.0.

Payments 137

Payments Fraud Regulation Innovation 137

PYMNTS

MARCH 11, 2019

According to a report in Fintech Futures , the idea behind the project is to use permission-based blockchain technology so credit unions can reach more members that don’t have access to financial services. Members would be able to conduct transactions with any credit unions that are part of the blockchain network. “A

blockchain 160

blockchain Regulation Community Bank Regional 160