PYMNTS

NOVEMBER 4, 2020

Trade finance is an area of financial services that is notorious for its continued use of paper and legacy systems. trillion trade finance gap that continues to plague the global market. Trade finance players, including corporates, banks and regulators, are finally ready to embrace modernization and technology.

Regulation 234

Regulation Tools Compliance Technology 234

PYMNTS

NOVEMBER 25, 2020

The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. Regulators and lawmakers, however, can latch onto digital currency efforts as they must monitor and also supervise such stablecoins. In a paper that debuted Tuesday (Nov.

Regulation 231

Regulation Bitcoin Cleveland Study 231

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech in banking and finance. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech for banks to enhance their processes. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

American Banker

MARCH 15, 2024

As nonbank entities expand their market share in many traditional banking services and are increasingly intertwined in the banking system, regulators' approach to leveling the playing field has been incremental and situational.

Regulation 90

Regulation System Marketing Policies 90

Perficient

FEBRUARY 29, 2024

Going forward, banks should: Implement AI-driven systems to streamline credit decision processes, reducing decision times, and enabling faster responses to loan applications. Facilitation of embedded lending while ensuring compliance: Embedded finance initiatives must adhere to regulatory requirements.

Trends 221

Trends Industry Analytics Compliance 221

Perficient

APRIL 2, 2021

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. These technologies are also used to better target marketing in retail and customize trade recommendations in wealth management. Credit Decisions. Textual analysis.

Regulation 309

Regulation Industry Risk Management Analysis 309

PYMNTS

NOVEMBER 13, 2018

A new survey shows that an increasing number of mergers and acquisitions (M&As) are not going through because of concerns over General Data Protection Regulation (GDPR) compliance. As we track transactions, it will be very telling how these challenges will impact organizations’ due diligence processes.

Compliance 144

Compliance Survey Analytics Regulation 144

PYMNTS

OCTOBER 16, 2019

Flowhub , a cannabis retail management software vendor, has raised $23 million in its bid to automate cannabis compliance. In addition, the software has been updated to include the Stash app, a mobile inventory management system, as well as a cashier app that can provide better point-of-sale capabilities through the use of tablets.

Compliance 109

Compliance Software Retail Regulation 109

Abrigo

NOVEMBER 15, 2019

Many of the objectives of a credit risk review system support business goals. Regulators consider an effective loan review system vital for financial institutions’ efforts to meet safety and soundness standards. Objectives of effective credit risk review systems. Identify problem loans early. learn more.

System 150

System Lending Compliance Risk Management 150

PYMNTS

MARCH 27, 2019

While regulators had transparency and financial security in mind when introducing more stringent requirements for banks following the global financial crisis, financial institutions faced a sudden surge in the burden compliance. The Key To Compliance Is Data.

Compliance 116

Compliance Data Regulation Analytics 116

Perficient

OCTOBER 27, 2022

The FRB and FDIC are looking to improve financial stability by limiting contagion risk ( the spread of an economic crisis from one market or region to another) by reducing the likelihood of uninsured depositors suffering loss. Current Category I-III Bank Rules.

Capital 275

Capital Regulation FDIC Regional 275

Bank Innovation

JANUARY 10, 2020

Thailand is laying the foundations for standalone digital banks as it strives to catch up with other Asian markets that are allowing such changes, according to its central bank governor. “At

Digital Banking 322

Digital Banking Marketing System Compliance 322

PYMNTS

MAY 29, 2019

Reports in Reuters on Tuesday (May 28) said UBS expects its regulatory costs to remain high in the years ahead after a decade of more stringent regulations leading to heavier, more costly burdens on banks. “That has tied up enormous resources.” “Why is this so significant?

Regulation 108

Regulation Compliance Capital Resources 108

PYMNTS

AUGUST 14, 2019

We have received the data localization compliance system audit report from WhatsApp, which shall be reviewed in the next few weeks,” a Mumbai-based representative for NCPI said, according to Bloomberg. India’s digital payments market is expected to hit $1 trillion by 2023, according to a report by Credit Suisse Group AG.

Compliance 100

Compliance National Payments Trends 100

PYMNTS

AUGUST 1, 2019

Investigators from the Federal Reserve carried out an inspection of Amazon ’s cloud in April as Washington looks into ways to regulate companies that provide the service. People familiar with the matter said the regulators were most interested in looking at Amazon’s resiliency and backup systems.

Regulation 108

Regulation Washington Virginia Seattle 108

Independent Banker

SEPTEMBER 25, 2014

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. The better prepared, the less likely they are to run afoul of the continually shifting regulations. Here are several timely suggestions to consider based on recent regulatory trends they see.

Compliance 101

Compliance Regulation Community Bank Community 101

Abrigo

AUGUST 6, 2019

The Financial Crimes Enforcement Network (FinCEN) is tasked with protecting the financial system both within the United States and internationally. At the recent NYU Law Program on Corporate Compliance and Enforcement , FinCEN Director Kenneth A.

System 264

System Las Vegas San Antonio San Diego 264

PYMNTS

JULY 2, 2018

According to John Epperson, principal at Crowe LLP , that goes to show that the current approaches to regulatory and compliance technology ( RegTech ) aren’t working. There are thousands of providers in the market, Epperson said. To them, the whole system feels out of control. Common Concerns. Why RegTech?

Compliance 109

Compliance Regulation Meeting Strategy 109

PYMNTS

JULY 31, 2019

Albania has announced it will implement a new online billing system to prevent businesses from circumventing tax payments and to boost revenue in the country, according to a report by Reuters. The move would also align Albania with practices already established in the EU, which the country reportedly wants to join.

Taxes 116

Taxes System Compliance Online 116

FICO

AUGUST 12, 2021

Financial Institutions’ compliance officers and teams should be concerned that Open Banking may render their existing AML/CTF and KYC compliance programs inadequate. In some markets, like the EU, Open Banking is mandated and regulated. AML compliance has not traditionally focused on monitoring this type of network.

Compliance 52

Compliance Regulation cryptocurrency Marketing 52

American Banker

OCTOBER 12, 2023

Regulators should consider whether additional investor protections are needed for the fast-growing market, Caroline Crenshaw, an SEC commissioner, said in a speech Wednesday.

Regulation 28

Regulation System Marketing Compliance 28

Abrigo

JUNE 27, 2023

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases. Why real estate?

El Paso 195

El Paso Miami United States New York City 195

Perficient

OCTOBER 5, 2023

Finalists are evaluated by a panel of judges who are well-versed in DXP and digital marketing. Strict industry regulations posed a challenge. Leveraging Acquia Site Studio, they designed the site efficiently, migrating 300+ campaigns for market-specific targeting.

User Experience 221

User Experience Regional America Tools 221

PYMNTS

APRIL 18, 2017

Banks and financial institutions spend billions of dollars to ensure they are meeting compliance requirements and properly managing risks. The system isn’t working,” he told PYMNTS. “It’s Instead, the company’s modular compliance platform marries technology and strong data to help companies manage their risk better.

Compliance 111

Compliance Data Austin Management 111

Abrigo

FEBRUARY 6, 2024

Perform satisfactory appraisal reviews with appropriate assumptions, methodology, and market comparisons. Geographic risks: If loans outside the credit union's market area aren't restricted, draft policies outlining criteria for granting them. How robust is your compliance program?

Lending 221

Lending How To Risk Management Policies 221

PYMNTS

OCTOBER 5, 2020

Regulation. Data Activist: Big Tech Not Following Transatlantic Data Transfer Regulations. House Antitrust Committee Witnesses Offer Big Tech Regulation Viewpoints. antitrust regulation. EU Aims To Have Big Tech Share Data With Smaller Competitors. European Commission To Appeal Apple State Aid Decision.

Data 229

Data Google Compliance Apple 229

PYMNTS

JULY 16, 2019

France’s financial regulator is set to approve a wave of cryptocurrency-related firms in the country, subjecting them to new rules that include paying taxes and complying with capital requirements and consumer protections, according to a report by Reuters. Because digital currency is so new, regulations vary around the world.

Regulation 143

Regulation Company cryptocurrency Taxes 143

Abrigo

SEPTEMBER 7, 2023

Don’t ignore warnings and exceptions generated from the ACH system. If ACH system alerts are not being reviewed in a timely manner, speak up. In this case, the ACH system generated both exceptions and warnings with the former being the most serious and requiring manual intervention. Optimize your monitoring system.

Fraud 221

Fraud Training System Trends 221

American Banker

MAY 14, 2024

Community Financial Development Institutions' mission-driven lending has traditionally been a small segment of the lending market. That's beginning to change, but plugging into secondary lending markets might not be the kind of change communities need.

System 65

System Community Lending Marketing 65

Abrigo

DECEMBER 22, 2023

Articles on creating a sound credit risk rating system and preparing for the possibility of new requirements such as the CFPB ruling were among the most-viewed throughout the year. Smaller banks can be encouraged by these numbers, and S&P Market Intelligence predicts a return to relative construction industry normalcy in 2023.

Lending 221

Lending Risk Management Community Management 221

Abrigo

FEBRUARY 9, 2023

Name screening for sanctions compliance Understand regulatory expectations surrounding name screening and the best lists for your risk-based AML program. Takeaway 2 It can be difficult to find a comprehensive PEP list, but a PEP list can be an essential addition to a bank’s fraud detection system.

Fraud 195

Fraud Training Software Compliance 195

PYMNTS

JULY 22, 2020

CEO Stefan Pajkovic founded the company to help emerging FinTechs find their way through the industry’s regulations and licensing requirements. TradeCore’s aim is to handle and accelerate the back-end processes and technological integrations, such as regulation compliance, so the emerging FinTech can focus on growing its business.

Fintech 130

Fintech Compliance Regulation cryptocurrency 130

PYMNTS

JANUARY 13, 2020

In order to enhance and ensure security and safety for all stakeholders — including, most critically, customers — the Reserve Bank of India ( RBI ) last Friday modified the penalties for payment system operators who do not follow regulatory requirements.

Compliance 130

Compliance System Security Payments 130

PYMNTS

JUNE 20, 2019

One thing he wants to do right away is to enhance the coordination between financial regulators in the country. “To must do what London’s markets have always done: evolve,” Hammond said. To remain a dominant player we in the U.K. As for Libra , Carney said it needs to be watched closely and carefully.

Regulation 116

Regulation social media cryptocurrency Capital 116

CFPB Monitor

JUNE 18, 2019

Last week, the FDIC published its Consumer Compliance Supervisory Highlights that provides observations about its consumer compliance supervision activities in 2018. Regulation E – Mistakes Made in the Consumer Liability/Error Resolution Process. The CFPB has frequently noted similar findings of Regulation E violations.).

FDIC 60

FDIC Compliance Regulation Training 60

Perficient

FEBRUARY 4, 2021

It creates a more efficient and less expensive lifecycle process as defects are identified and solved before going to market. By following WCAG, you will be able to design and develop an accessible site and tap into a potential new market of 61 million people. Accessibility Belongs in the Design Phase. Heading Structure.

UX 531

UX Guidelines Compliance Study 531