Insights on Business

JUNE 28, 2018

A recent explosion of AI applications is taking place in financial institutions, particularly in the area of risk and compliance. Some may see this as a no-brainer, but others might not think about AI applications outside the more common uses by banking and financial institutions. That still sounds complicated, doesn’t it?

Compliance 70

Compliance Case Study Analysis Analytics 70

FICO

JANUARY 8, 2020

Specifically: Cybersecurity risk awareness is on another expansion wave, as a best-practice component of third-party risk management (TPRM). At long last, fraud and compliance infrastructures are starting to converge. Industry forecasts project the global TPRM market to grow from $3.2 billion in 2019 to $6.8

Compliance 52

Compliance Fraud New York City Analytics 52

PYMNTS

NOVEMBER 26, 2019

As a licensed exchange, BitBay has to follow the market standards. Compliance with market standards and regulations allows us to provide our clients with legal security and convenience of using the exchange, with the participation of a friendly banking system and the availability of payment operators,” BitBay said.

Bitcoin 141

Bitcoin ATM Risk Management Compliance 141

CB Insights

NOVEMBER 21, 2019

The 2019 Canadian fintech market map. The startups selected for inclusion in the market map below are all Canada-headquartered, VC-backed fintech companies that have at least US $1M in equity funding, and have obtained equity funding since the start of 2015. Navigating the Canadian fintech market map.

Fintech 93

Fintech Marketing US Technology 93

PYMNTS

JANUARY 25, 2018

According to BELLIN, the collaboration with Kantox means it can combine its treasury management offering with Kantox’s services that provide companies with foreign currency, foreign exchange (FX) and risk management solutions. Together, the firms will target middle-market businesses looking to grow internationally.

Management 100

Management Risk Management Compliance Operations 100

South State Correspondent

MARCH 14, 2024

Despite what each of us says about service, the reality is that our people and our location has been our only sustainable competitive advantage. Now, with customers, and relationship managers switching banks at one of the highest rates, banks need to adapt to remain relevant. Risk management also needs to change.

Innovation 195

Innovation Strategy Capital Comparison 195

PYMNTS

MAY 23, 2017

In this edition of the PYMNTS’ Commander in Chief Series , Western Union President Odilon Almeida shares a day in the life as leader of one of the largest global person-to-person money transfer networks, what smartphones have done for the payments space and why security and compliance are always key in a game where the rules are changing every day.

Innovation 190

Innovation Payments Compliance Risk Management 190

South State Correspondent

JANUARY 4, 2023

While the current growth rate needs to be left to each bank based on their capital cost, market, and risk tolerance, the general guide is that growth should be in the 3% to 5% range for this year. In the past, you have seen us rank customer relevance and total experience as a top priority for banks – not in 2023.

Community Bank 195

Community Bank Capital Lending Training 195

Insights on Business

JUNE 19, 2019

This agile approach, whether in the context of payment fraud, AML transaction monitoring, insurance claims fraud or market abuse, helps our solutions adapt and continuously learn, giving our clients the support to better understand and separate legitimate activity from suspicious activity. The three elements of risk and compliance innovation.

Innovation 116

Innovation Compliance Fraud Strategy 116

Bobsguide

JUNE 14, 2022

Users will benefit from advanced treasury and risk management capabilities. Integrating the capabilities of Lozenge Analytics will allow Fusion KTP users to perform complex statistical risk calculations. Collaborating will help us extend our reach and deliver our capabilities to Fusion KTP users.

Analytics 60

Analytics Risk Management Compliance Management 60

FICO

JULY 31, 2019

As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it. The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management.

Cyber Security 70

Cyber Security Management Security Risk Management 70

Independent Banker

NOVEMBER 30, 2022

Stacy Watkins (left), president and CEO, and Hilary Nelson (right), senior vice president and director of operations and compliance, at the Las Vegas Strip. It was really impactful for us when the lights on the Strip went out—a very emotional, crazy time. Photo by Sammy Tillery. By Tom Groenfeldt. Name: Lexicon Bank. Assets: $237.6

Las Vegas 129

Las Vegas Community Bank Community Wisconsin 129

PYMNTS

AUGUST 10, 2017

From user interface technology to security and risk management, the only constant in the financial space is that nothing stays the same for long. percent share of the global money transfer market and puts the company at No. We now have three brands under us – UAE Exchange, Xpress Money and via a shareholder vehicle, Travelex.

How To 136

How To Risk Management Technology US 136

Cisco

APRIL 5, 2021

Installment three, “ Security, Compliance, and Risk Management in FSI ”, focused on the increased operational risks that financial institutions are facing now that hybrid work is the new normal. While this series is over, Conversations & Coffee are certainly not done discussing financial services.

Risk Management 86

Risk Management Industry Video Apple 86

Insights on Business

FEBRUARY 6, 2018

Regulatory fines imposed in 2017 alone proved this to us in many ways. For example, financial intelligence regulator Austrac handed gaming giant Tabcorp a fine of AUD 45 M (USD 35 M) for non compliance, the highest ever civil penalty in corporate Australian history. The current approach to compliance management is not sustainable.

Compliance 87

Compliance Analytics Boston Regulation 87

Perficient

MAY 27, 2022

Maintaining a service provider oversight program to address risks to service provider relationships. In addition, the classification of cryptocurrencies as securities can create a unique compliance burden for SEC-registered investment advisers (RIAs) trading these instruments.

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

Bobsguide

APRIL 27, 2022

The signature of this alliance plays an important role in the strategic vision of Prometeia to gradually expand into the German and Central European market, where SAP FSDP is used by an increasing number of banks to feed Risk analytics and regulatory reporting solutions.

Data 148

Data Analytics Risk Management Management 148

Insights on Business

FEBRUARY 15, 2018

Faced with massively escalating data volumes, exponentially growing regulatory requirements, legacy risk and IT systems that just aren’t up to the new reality and increasing market pressure to improve performance, something has to change.

Las Vegas 87

Las Vegas Compliance NV Meeting 87

Insights on Business

NOVEMBER 20, 2018

Compliance and customer trust. In the financial services sector, the threats posed by individual rogue traders, groups of disaffected employees and unhealthy risk cultures have highlighted the importance of conduct risk. To learn more about how IBM can help you mitigate conduct risk, visit us at ibm.com/regtech.

Analytics 79

Analytics Compliance Risk Management social media 79

Insights on Business

DECEMBER 12, 2017

The one constant in every compliance professional’s life today is an abundance of pages. A year ago, IBM acquired Promontory Financial Group, a global risk management and regulatory compliance consulting firm, to help compliance professionals make better sense of the always changing regulatory landscape.

Compliance 70

Compliance Risk Management Groups Innovation 70

Gonzobanker

SEPTEMBER 21, 2023

Lending: Lending Leaves Change Color Abrigo acquired Valuant for compliance and credit risk and DiCOM Software for automated credit risk software and partnered with Charm Solutions to launch Abrigo Small Business Lending Intelligence. Helix partnered with Unit21 for fraud and risk management solutions for fintechs.

Fintech 103

Fintech Software Illinois Lending 103

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. Provide support for Operational Risk Capital Modelling by providing tail event information to extrapolate trends or curves.

Case Study 79

Case Study Study Compliance Risk Management 79

Abrigo

DECEMBER 17, 2021

For banks and credit unions, this often means a deep understanding of regulations and compliance and adhering to the institution's risk management standards. Abrigo is more like a partner to us than a vendor or software provider.”? . Lending & Credit Risk. Credit Risk Management. Risk Ratings.

Fintech 195

Fintech How To Innovation System 195

Jeff For Banks

FEBRUARY 3, 2017

Who is ready for all of the change that is about to be upon us? He has used his slogan of Make America Great Again to show that his focus will be on the US and the US economy. Clearly, the markets expect change. Most recoveries in the US have averaged far more than that. So what has been holding us back?

Marketing 60

Marketing Taxes Regulation US 60

FICO

MARCH 5, 2021

This past year, financial institutions (along with the rest of us), had their world turned upside down. Also managing radically different customer behavior and suddenly having a workforce that was predominately working from home. Many institutions had to balance taking the express route to becoming truly digital businesses.

Fraud 52

Fraud How To Risk Management Management 52

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. Provide support for Operational Risk Capital Modelling by providing tail event information to extrapolate trends or curves.

Case Study 70

Case Study Study Compliance Risk Management 70

FICO

FEBRUARY 14, 2017

It’s not often that we enter a greenfield market that is just on the cusp of significant growth, but earlier this month FICO announced its entry in the Nepalese financial market. From this perspective, regulations from major markets such as USA and Europe, will be indirectly applied to the Nepalese banks via correspondent banks.

Compliance 61

Compliance Analytics Regulation Community 61

PYMNTS

MARCH 8, 2017

In fact, when it comes to FinTech companies, thinking “small” by focusing and serving a relatively small number of huge markets may provide the best opportunity to drive more impactful revenue with sustainable and profitable growth. David Weiss, president of YapStone , shared with PYMNTS some big misconceptions about market specialization.

Fintech 130

Fintech Marketing Strategy Payments 130

Abrigo

AUGUST 19, 2019

Sageworks ALLL (which Main Street Bank utilizes) and MST Loan Loss Analyzer , Abrigo’s Allowance for Loan and Lease Losses (ALLL)/CECL solutions, have been identified by the ABA as best-in-class solutions that meet the operational needs of financial institutions as they prepare for CECL compliance deadlines. “I

Maine 150

Maine Data Massachusetts System 150

PYMNTS

FEBRUARY 14, 2018

Each of us needs a digital identity we own, one which securely and privately stores all elements of our digital identity,” the post reads. This self-owned identity must be easy to use and give us complete control over how our identity data is accessed and used.”.

blockchain 111

blockchain Compliance Mobile Technology 111

Insights on Business

OCTOBER 16, 2018

Regulations such as the second payment services directive (PSD2) and the Open Banking project spearheaded by the UK’s Competition and Market Authority (CMA) are driving disruption in the banking value chain. Meanwhile, new competitors are entering the market and tearing up the traditional banking rule book.

Capital 157

Capital Tools System blockchain 157

Perficient

JANUARY 16, 2024

Regularly review and update policies annually to ensure compliance with current rules and regulations. Ensure all employees , including senior management , are aware of and adhere to those policies. READ MORE: Developing a Third-Party Risk Management Tool Are you ready to optimize your business?

Compliance 221

Compliance Guidelines Policies Risk Management 221

Gonzobanker

DECEMBER 14, 2023

Merger of Equals Deal of the Year (Credit Union) – Spire Credit Union and Hiway Credit Union put 2+2 together to make a $4 billion institution in the Minnesota market. While Huntington is down like most bank stocks, the pain hasn’t been as severe, and Huntington doubled down on local markets in 2023 by consolidating business units.

Fintech 194

Fintech Community Regional Technology 194

FICO

DECEMBER 17, 2020

Anti-financial crimes regulations require banks to enact robust risk management frameworks, including extensive KYC due diligence, integrated safeguards for AML transaction monitoring, and sanctions screening. This includes $2.8 billion lost in exchange theft and security breaches, and $4.8

cryptocurrency 52

cryptocurrency How To blockchain Analysis 52

Independent Banker

DECEMBER 31, 2021

The greater concern is how the regulatory agencies will expect us to update our risk profile based on climate factors.”. So, where to put those deposits to use? “But In 2022, existing staff—Dehnert included—will continue to wear multiple hats until labor market conditions ease. Addressing ESG is one thing,” she says.

Community Bank 144

Community Bank Community Lending Louisiana 144

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. Give us 12 minutes and 36 seconds of reading time, and we will distill 106.5

Conference 195

Conference Payments Fraud Data 195

BankUnderground

JUNE 25, 2020

In the case of data on the UK derivatives market, where each contract is reported to trade repositories , this sums to more than one billion rows of data every month. The second risk from barriers to cross-border data flows is that they may impede the sharing of information between regulators.

Data 110

Data Big Data Regulation Risk Management 110