PYMNTS

AUGUST 21, 2020

As Wirecard AG’s global operations close following its bankruptcy filing, the German payment company has agreed to sell what’s left, the Financial Times reported. In addition, he noted that the sale of some of the company’s operations in Britain and North America could be announced soon. billion euros ($2.1

Operations 222

Operations America Cards Compliance 222

PYMNTS

NOVEMBER 26, 2019

Particularly amid the continuing uncertainty surrounding Brexit, FinTechs are turning to Lithuania to retain their European footholds and operate in a country that supports their innovative ambitions. But financial regulatory compliance can be a headache for any market. Resuming Operations.

Compliance 182

Compliance Regulation Fintech Resources 182

Abrigo

MARCH 2, 2023

Banking technology decisions now affect future growth With the possibility of a recession, community financial institutions may consider a delay or cut in technology spending. Takeaway 2 According to Forrester data, firms pursuing technology-driven innovation grow three to four times faster than industry averages.

Technology 195

Technology Lending Community Software 195

Perficient

FEBRUARY 29, 2024

Driven by technological advancements, regulatory changes, and shifting consumer preferences, the banking industry must evolve and respond accordingly. Facilitation of embedded lending while ensuring compliance: Embedded finance initiatives must adhere to regulatory requirements.

Trends 221

Trends Industry Analytics Compliance 221

PYMNTS

JULY 1, 2020

The Office of the Comptroller of the Currency (OCC) said in a report this week that it will examine how the coronavirus is impacting compliance by financial institutions (FIs). The pandemic has heightened risks for pretty much everyone, including U.S.

Compliance 166

Compliance National Fraud Operations 166

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.

Technology 195

Technology Lending Compliance Data 195

PYMNTS

JANUARY 24, 2019

With third-party due diligence and supply chain security as increasingly critical components of organizations’ procurement operations, compliance executives are finding important positions in their firms’ purchasing processes. That’s only if analysis of that data can be done correctly, however.

Compliance 191

Compliance Risk Management Training Analysis 191

Perficient

DECEMBER 22, 2023

Positive Aspects of AI in Financial Services As noted by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques, have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

Risk Management 221

Risk Management Compliance Fraud Regulation 221

Perficient

MAY 19, 2022

So far in our 6-part blog series explaining the intricacies of TRACE, we have defined TRACE reporting and detailed the prep work to be done in order to effectively report TRACE transactions. Larger TRACE participants often operate an alternative trading system (ATS). Interested in learning more?

System 294

System New York Report Compliance 294

Bobsguide

SEPTEMBER 16, 2022

Profile Software , a leading financial solutions provider, has announced today that the Central Bank of Egypt (CBE) has selected Acumen.plus, the internationally implemented Treasury Management System, to effectively manage and streamline their operations whilst experiencing compliance and powerful reporting for reserve and debt management.

Compliance 88

Compliance Management Operations Policies 88

PYMNTS

SEPTEMBER 24, 2020

One 2019 report noted that there were 220 updates to such requirements worldwide each day, equating to roughly 80,000 in one year. Companies are reexamining how they can use cloud technologies to comply with changing security standards as digital banking volumes expand. Compliance, Cybercrime And The Cloud . EU and U.K.

Compliance 151

Compliance Fraud Regulation Security 151

Cisco

OCTOBER 4, 2022

It is an update to the 2004 Operations book, and links the different processes of Architecture, Infrastructure, and Operations (AIO) into a cohesive framework for auditors to assess. In this booklet the FFIEC discusses the principles and practices for IT and operations, as well as processes for addressing risk respective to IT systems.

Operations 118

Operations Software Risk Management Management 118

Perficient

NOVEMBER 27, 2023

According to The Forrester Wave : Process Intelligence Software, Q3 2023 report , “Customer-obsessed companies are adapting how they work internally to deliver shorter turnaround times at higher quality and/or lower cost. This is partly due to processes being forced to run across a rigid and fragmented technological landscape.

Industry 221

Industry Regulation Compliance Data 221

PYMNTS

SEPTEMBER 17, 2018

Technology adoption is at an all-time high for this industry, according to Teletrac Navman’s recent Telematics Benchmark Report: U.S. The problem is that certain technologies struggle to gain traction within fleet operations. Below, PYMNTS takes a look at some of the latest data in fleet technology adoption.

Compliance 139

Compliance Industry Technology Data 139

PYMNTS

SEPTEMBER 25, 2019

The current regulatory climate remains in its relative infancy for this industry, so marketplace lenders are not only tasked with maintaining compliance but diligently tracking the regulatory landscape to forecast new and changing rules. In the U.S., However, there is a range of other areas of noncompliance risk for these businesses.

Compliance 117

Compliance Risk Management Lending Regulation 117

Abrigo

JULY 20, 2017

Allaboutrisk.com (AAR) recognizes Sageworks as a credit risk vendor in its 2017 Risk Software Report. AAR is the global leader for online news, product and innovation information on risk, compliance, and trading. The products featured in the report include: · Credit Analysis. ALLL – Allowance for loan and lease losses.

Software 150

Software Report United States Compliance 150

CB Insights

SEPTEMBER 16, 2021

UK-based PassFort offers SaaS solutions that address compliance challenges and elevate customer experiences. Operating in 211 jurisdictions, PassFort caters to a diverse customer base. It also reported that it has experienced 2.5X It claims to have processed 6M automated compliances worldwide as of June 2021.

Compliance 58

Compliance Technology Customer Experience Maine 58

Cisco

MARCH 24, 2021

Throughout 2021, Cisco Financial Services will continue to examine how ‘Connect, Secure, and Automate’ – our strategy for helping customers accelerate their digital agility – enables financial institutions to deliver digital-first customer engagements that capitalize on a hybrid work operating model.

Compliance 132

Compliance Security Video Meeting 132

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

PYMNTS

FEBRUARY 22, 2019

Office of the Comptroller of the Currency (OCC), over deficiencies that the OCC identified in the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program. The office recently examined the branches for BSA/AML and Office of Foreign Assets Control (OFAC) sanctions compliance. On Wednesday (Feb. On Wednesday (Feb.

Compliance 108

Compliance Los Angeles New York blockchain 108

PYMNTS

NOVEMBER 9, 2016

Any organization, small or large, private or public, must handle the pressures of compliance. “It varies around where revenue is coming from, the requirements attached to that revenue and the scale of operations. . “Organizations are looking for greater technology efficiencies,” he said.

Compliance 174

Compliance Resources Data Management 174

PYMNTS

JUNE 5, 2017

Amid the embrace of artificial intelligence across financial services, one big bank is adopting AI to streamline compliance efforts. Reuters reported that HSBC Holdings has linked up with AI startup Ayasdi, which makes its home base in Silicon Valley. The plan was disclosed by Chief Operating Officer Andy Maguire, said Reuters.

Compliance 117

Compliance Fintech Digital Strategies Strategy 117

PYMNTS

JANUARY 19, 2021

National Australia Bank (NAB) has chosen Eedenbull to integrate its payment and spend management technology for SMB customers. NAB will add Eedenbull’s Q Business platform to its offering to help SMBs track and manage spend, as well as to automate compliance controls. ICICI Adds AlignBooks Technology. BNL Goes Live With Tink.

Fintech 341

Fintech National Groups Tools 341

Abrigo

MAY 8, 2024

WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. Nevertheless, understanding the technology is crucial. Even if a financial institution isn’t yet using the technology, it can learn from peers.

Examples 222

Examples Fraud Resources Risk Management 222

Abrigo

DECEMBER 22, 2023

Abrigo, a leading technology provider of software solutions for financial institutions, published more than 30 risk management articles on its industry-focused blog in 2023. Reports on the blog helped thousands of financial institution professrionals stay on top of trends and harness expert advice.

Fraud 222

Fraud Training Compliance Trends 222

Insights on Business

APRIL 21, 2017

Adapting quickly and efficiently to the compliance obligations brought about by changing regulations is a business requirement that demands urgent attention. It is also an opportunity to implement technology that can facilitate change. However, traditional technology is not the answer.

Technology 156

Technology Compliance Regulation Training 156

PYMNTS

JUNE 5, 2020

Citi ‘s Treasury and Trade Solutions (TTS) customers have increased their utilization of the firm’s digital banking technology, while firms globally implemented continuity plans and telecommuting to stay in operation amid the pandemic. million this March from 3.7 million in the same month last year.

Report 132

Report Online National Taxes 132

CFPB Monitor

APRIL 25, 2022

As we will discuss, the timing of the Consent Order indicates that even when regulators permit crypto activities by financial institutions, they remain cautious, particularly as to BSA/AML compliance. The January 2021 Operating Agreement .

Compliance 78

Compliance Digital Banking Training South Dakota 78

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. About The Co-operative Bank. For more information, visit finastra.com.

Operations 68

Operations Strategy Innovation Policies 68

Gonzobanker

MARCH 6, 2020

Addressing common loan and deposit operations process inefficiencies can help financial institutions deliver optimized value to customers and stockholders. In recent years, many financial institutions have been focused on improving their digital delivery capabilities, often at the expense of their operational groups.

Operations 86

Operations System Groups Technology 86

PYMNTS

MAY 3, 2019

peers in terms of technology, a new report from Greenwich Associates found. In a blog post this week, the data and analytics company released its new report called “European Corporate Banking: U.S. European corporate banks are lagging behind their U.S. banks at the forefront of implementing such solutions.

US 128

US Report Management Analytics 128

PYMNTS

OCTOBER 30, 2020

We have deep dives on cloud technology, business-to-business (B2B) payments and Visa’s deal to acquire YellowPepper. Visa reported fiscal Q4 results that illustrated a rally in pent-up demand, with volumes up quarter over quarter. Trackers And Reports . REPORT: Consumer Privacy Concerns Demand Regulatory Compliance.

Technology 161

Technology Apple Payments Capital 161

Abrigo

DECEMBER 19, 2022

Given the demands of day-to-day duties, however, it can be challenging for BSA officers and other financial crime compliance staff to find time for training and education on fraud and money laundering. The whitepapers, checklists, and guides cover everything from regulatory guidance to operational considerations.

Resources 195

Resources Training Fraud Compliance 195

Abrigo

JANUARY 22, 2024

These tips can help ensure compliance while improving your offerings. Takeaway 2 Examiners' focus is on risk management related to products and services , especially those involving complex technologies like AI. billion in losses globally last year, according to Nasdaq’s  2024 Global Financial Crime Report. For

Fraud 222

Fraud Training Risk Management Software 222

PYMNTS

SEPTEMBER 19, 2019

Supply chain management has morphed into a strategic business initiative combining technological adoption, event forecasting and even politics: awareness of its complexities has never been higher thanks to threats of a trade war between the U.S. Technology to the Rescue — Maybe. Inaccuracy of [a] forecast is unpardonable.”.

Technology 117

Technology Strategy Management Industry 117

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. These large investments by FIs in new technologies are mere drops in the bucket compared to FinTechs’ investments, however.

Payments 219

Payments Compliance Fintech Innovation 219

PYMNTS

JULY 2, 2018

Financial Reporting Council’s Financial Reporting Lab has released a new report on the potential applications of blockchain in the corporate accounting space. According to reports, the group is taking a cautious approach to the technology.

blockchain 102

blockchain Groups Report Survey 102