Bank Innovation

FEBRUARY 5, 2020

central bank is studying the feasibility of a digital currency, said Federal Reserve Governor Lael Brainard.

Study 259

Study US Policies blockchain 259

PYMNTS

SEPTEMBER 25, 2019

Innovation can be a blanket term in the banking world. Is artificial intelligence (AI) for anti-money laundering (AML) compliance innovation? The latest Innovation Readiness Playbook surveyed more than 200 bank executives to reveal the role that core processing and IT infrastructure play in innovation performance and strategy.

Innovation 171

Innovation System Compliance Payments 171

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

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

NOVEMBER 24, 2020

We do think that the work that we’ve done, and some of the studies we have and the modeling data that we have, shows that we can, with testing, shorten quarantines,” said Henry Walke , who manages the CDC's COVID-19 response, WSJ reports.

Compliance 186

Compliance Study Conference Report 186

Insights on Business

MAY 1, 2019

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. To date, it seems that the way for an organization to keep pace with change, manage risk and improve compliance has been to hire and spend more.

Compliance 141

Compliance United States Regulation Study 141

Insights on Business

OCTOBER 31, 2019

In the continued evolution of the IBM Governance Risk and Compliance (GRC) product line, I am pleased to announce that effective today, Algo FIRST (FIRST) is rebranded to IBM FIRST Risk Case Studies. What else changes with the rebranding to IBM FIRST Risk Case Studies? . About FIRST Risk Case Studies. Not yet a customer?

Case Study 79

Case Study Study Compliance Risk Management 79

PYMNTS

OCTOBER 28, 2020

The digital payments industry is seeing record profits, with a study expecting it to hit $120.7 This growth is in part being driven by new investments in payments automation, particularly those that reduce the impact of compliance-related barriers. Developments From Around The World Of Payments Modernization.

Payments 219

Payments Compliance Fintech Innovation 219

PYMNTS

NOVEMBER 8, 2019

The rule officially took effect in September, and EU countries have begun helping merchants and consumers work toward compliance. PSPs must, therefore, strike the right balance between authentication and seamlessness, while keeping up with how different European countries are tackling SCA compliance.

Compliance 101

Compliance Online Fraud Regulation 101

Insights on Business

OCTOBER 31, 2019

In the continued evolution of the IBM Governance Risk and Compliance (GRC) product line, I am pleased to announce that effective today, Algo FIRST (FIRST) is rebranded to IBM FIRST Risk Case Studies. What else changes with the rebranding to IBM FIRST Risk Case Studies? . About FIRST Risk Case Studies. Not yet a customer?

Case Study 70

Case Study Study Compliance Risk Management 70

PYMNTS

OCTOBER 7, 2019

It is still a matter of debate on what exemptions, innovations and changes can be left up to national authorities — and what cannot. There were no increases in transaction declines or abandonment within the first two days that SCA was active, at least according to a study by credit card provider Barclaycard.

Regulation 134

Regulation Trends Compliance National 134

Insights on Business

APRIL 17, 2019

Financial companies have always been innovators. But in this age of digital transformation, innovation in financial services is more important than ever to stay competitive. Innovation processes, traditionally limited to product development, are now spreading throughout the entire organization. A new model.

Innovation 102

Innovation Industry Company Operations 102

FICO

DECEMBER 15, 2020

I’m thrilled that FICO has been named as the Category Leader for Innovation in the recently published 2021 Chartis RiskTech 100. At FICO, we believe that innovation in advanced analytics and risk management technology is only as valuable as an organization’s ability to deploy those capabilities to drive better business outcomes.

Innovation 52

Innovation Risk Management Analytics Management 52

Insights on Business

FEBRUARY 23, 2019

Two years ago, they were appointing chief innovation officers to dip their toes in with proof-of-concept projects or in-house incubators. They are reorganizing around agile, cross-functional teams that surface the best ideas and implement them in record time—all while promising privacy, security and compliance. Now, they are all in.

Innovation 125

Innovation New York City Training Case Study 125

Insights on Business

JANUARY 23, 2017

Even better, if you could find one that was previously owned by a very good student, it may already have been accurately pre-highlighted, providing even stronger study assistance. They’re spending about $100 billion a year on compliance efforts. We call it cognitive compliance.

Compliance 70

Compliance Regulation Training Study 70

Bank Innovation

MAY 2, 2018

Security and fraud risk remain the top priority for retail banks seeking to update their payments infrastructure, a study released this week by ACI WorldWide and Ovum found.

Security 150

Security Innovation Payments Study 150

Bank Innovation

FEBRUARY 20, 2019

Can regularly checking your credit score actually help improve your results? We wanted to know the answer to that critical question, so Credit Sesame partnered with Megan Hunter Antill and Jessica Yu, Ph.D., candidates in Quantitative Marketing at Stanford Graduate School of Business, to find out.

Study 284

Study Analysis Marketing Operations 284

PYMNTS

OCTOBER 7, 2020

Vertical payments firm Flywire has partnered with BELTA, the Brazilian Educational & Language Travel Association, in a move that grows the availability of its cross-border payment services for students from Brazil who are studying in other countries. 7) announcement. 7) announcement. Canada, Ireland, U.K.

Groups 200

Groups Study Fraud Leadership 200

PYMNTS

FEBRUARY 4, 2020

Numerous regions then announced internal deadlines for compliance that often diverged from their neighbors’ deadlines. These questions and concerns caused certain European markets to temper their financial and privacy innovations, which could hamper Open Banking’s worldwide growth. SCA Questions Stall Innovation.

Fraud 144

Fraud Regulation Compliance Innovation 144

FICO

JUNE 11, 2019

Tax agencies have a limited amount of resources to pursue tax compliance activities (collections and audit). Tax Compliance - Why Use Analytical Models at Tax Agencies? Tax Compliance - Predictive Analytical Models. Tax Compliance - Tax Analytics Opportunities for Audit. Three Types.

Taxes 58

Taxes Analytics Compliance Resources 58

PYMNTS

DECEMBER 14, 2018

News came earlier in the month that several federal agencies have come out — together — in support of banks embracing innovation in their compliance efforts. Thus, said the agencies, banks should eye technology, and should endeavor to “consider, evaluate, and where appropriate, responsibly implement innovative approaches in this area.”

Compliance 148

Compliance Innovation FDIC Examples 148

PYMNTS

JANUARY 22, 2020

Governments at the state and local level are having trouble meeting this need, however, as they must also balance regulatory compliance standards against the desires of their in-state residents. In the State And Local Disbursements Report , PYMNTS examines the current state of disbursement innovation and reform for U.S.

Idaho 130

Idaho Illinois Innovation Tennessee 130

PYMNTS

DECEMBER 27, 2017

A new study from the Center for Talent Innovation (CTI) found that, according to the 2015 US government’s definition of disability , a significant portion of the white-collar workforce has a physical or mental impairment that substantially limits a major life activity: 30% of a nationally representative survey of 3,570 white-collar employees.

Compliance 100

Compliance Leadership Training Innovation 100

CFPB Monitor

AUGUST 1, 2022

The FHFA also issued a request for information (“RFI”) seeking public input on how to facilitate responsible innovation, identify barriers or challenges to implementing fintech into housing finance, support equity for homeowners and renters, and increase efficiency and effectiveness in the compliance and regulatory processes.

Financial Technology 78

Financial Technology Technology Fintech Compliance 78

FICO

MARCH 24, 2021

In part 1 of the series on trade-based money laundering (TBML) , we established a definition of the term, explored some recent studies and highlighted some typical techniques employed by the criminals. Maintain a strong Tone at the Top (“Culture of Compliance”). Plan for upticks in particular areas of AML compliance activity.

Compliance 98

Compliance Study Trends Fraud 98

FICO

NOVEMBER 21, 2022

FICO awarded first place in six categories on risk and compliance technology in the 2023 Chartis RiskTech100 ® Report, including Innovation for the sixth year in a row. I am thrilled to announce that the annual 2023 Chartis RiskTech100® Report ranking risk and compliance technology companies is live! asokolowski.

Report 52

Report Risk Management Compliance Analytics 52

ABA Community Banking

AUGUST 23, 2015

Agency to study claim that regulation stymies innovation Compliance Compliance/Regulatory.

Regulation 40

Regulation Innovation Compliance Study 40

PYMNTS

FEBRUARY 26, 2020

The party always ends, however, and governments have caught up to all that wild innovation. For a case study in the new privacy rules at scale, people are looking to China and its Multi-Level Protection Scheme 2.0 It’s ushering in a new era of regulation and compliance – and there will be ramifications.

Regulation 130

Regulation Case Study Fraud Study 130

FICO

NOVEMBER 19, 2019

One of the hottest hot beds of innovation is artificial intelligence to combat financial crime, fraud and cyber risks while helping financial services organizations comply with security, privacy and data protection regulations. It may seem like an oxymoron, but I think it’s because FICO has made a habit of innovating.

Innovation 40

Innovation New York Compliance Fraud 40

Insights on Business

FEBRUARY 14, 2019

Many financial services organizations are struggling to manage their risk and compliance exposure in the face of ever-increasing challenges. Next-generation GRC solutions offer the potential to ensure compliance with evolving regulations through transformative business capabilities. . You cannot outsource IT Risk.”

Compliance 125

Compliance Risk Management Case Study Meeting 125

Insights on Business

JULY 17, 2019

Today, risk-awareness and risk averse behavior is the responsibility of everyone in the firm, so staff need to be able to engage in the common goal of regulatory compliance. Continued change can create lag in the organization between existing compliance capabilities and latest regulatory demands.

User Experience 79

User Experience Tools Survey Risk Management 79

PYMNTS

JANUARY 21, 2020

In the most recent Disbursements Tracker , PYMNTS discusses how moving to digital disbursements can alleviate these pain points, but businesses also have compliance and infrastructure costs to consider as they innovate their payment processes. Around The Disbursements World. Israeli financial startup Refundit recently raised $9.8

Innovation 167

Innovation Tools Online Trends 167

Bank Innovation

MARCH 16, 2016

Compliance around Anti-Money Laundering and Know Your Customer (KYC) regulations is a challenge for many banks when it comes to on-boarding. A recent study by Thomson Reuters, covering 772 financial institutions (FIs) globally found the average time to onboard a new client currently sits 26 days.

Study 150

Study Compliance Regulation Report 150

Abrigo

DECEMBER 17, 2021

Takeaway 1 Having a cohesive vision from the top down is critical to a culture of innovation and the successful adoption of new software. . It’s great that more financial institutions are welcoming technological innovations, but banks and credit unions must consider the long-term impact of their partnerships. DOWNLOAD WHITEPAPER .

Fintech 195

Fintech How To Innovation System 195

South State Correspondent

OCTOBER 26, 2023

The discussions were healthier, more compliance-focused, and with little expectations that banks were going to offer crypto to their customers any time soon. The topics were perfect, and there were some great case studies, but the substance was standard, bordering on underwhelming.

Conference 221

Conference Las Vegas Fraud Case Study 221

PYMNTS

AUGUST 13, 2020

PAAY said its EMV 3DS offering lets merchants decrease chargeback costs, bolster authorization rates and maintain compliance as they provide an easy as well as frictionless experience for users. A 2019 LexisNexis study found that overall retail fraud attempts increased by two times year over year and three times since 2017.

Technology 248

Technology User Experience Fraud Comparison 248

PYMNTS

JULY 10, 2019

Privacy management company TrustArc is getting $70 million to further advance innovation and security in the data privacy landscape via a Series D funding round. As companies increasingly become fiduciaries of personal information, privacy innovation is fast becoming a top priority.

Leadership 100

Leadership Innovation Security Study 100