PYMNTS

NOVEMBER 13, 2020

Another related theme is the need for legacy core banking systems to upgrade in ways that don’t protract disruptions. Companies seeking to enhance their offerings … may find it particularly convenient to work with BaaS providers that can deliver money transfer capabilities and handle the associated regulatory compliance on their behalf.

Payments 259

Payments User Experience Meeting System 259

Insights on Business

JUNE 20, 2018

In today’s global marketplace, financial services firms must grapple with competition, increasing regulation and market volatility while also maintaining profitability and growth in a world disrupted by emerging technologies and fintechs. Simply put, traditional systems and business processes just aren’t enough.

Regulation 70

Regulation Compliance Analytics System 70

PYMNTS

MAY 22, 2017

That depends, says counterterrorism and cybersecurity expert Richard Clarke, on what companies, banks and regulators are willing to learn from the incident. In early May, approximately 300,000 computer systems in more than 150 countries were compromised by the WannaCry cyberattack. s National Health Service. s National Health Service.

Regulation 116

Regulation National Online System 116

PYMNTS

JUNE 27, 2017

Those that are constantly developing new ways to integrate connected experiences into people’s lives will probably be at the forefront of the tech industry. He also offers advice for how to innovate in the field. Here is an excerpt of the conversation: PYMNTS: How would you define your company’s approach to innovation?

Innovation 145

Innovation System Mobile Trends 145

Insights on Business

DECEMBER 12, 2018

This past year brought governance, risk and compliance (GRC) to the center stage. Organizations in financial services and other sectors witnessed an increase in “airtime” given to risk and compliance issues at the board level. It must be understood as being embedded as part of the organization’s overall system.

Innovation 111

Innovation Compliance User Experience Regulation 111

PYMNTS

OCTOBER 29, 2020

Offering a secure payment experience requires rigorous authentication or time-consuming behind-the-scenes security checks, which can often conflict with customers’ collective desire for an Uber-like frictionless experience. FIs must also ensure that the transaction is compliant with regulatory requirements.

Payments 213

Payments Fraud Meeting Security 213

Insights on Business

MARCH 7, 2019

In a business environment defined by sustained market volatility and ever-increasing regulations, companies need the ability to integrate enterprise-wide risk management processes and multiple regulations. What tools and processes do they need to have a more engaged and empowered first line? Risk cannot be seen as someone else’s job.

User Experience 93

User Experience Risk Management Compliance Regulation 93

PYMNTS

FEBRUARY 2, 2021

Regulators are also getting on board with letting NFIs offer financial products in emerging economies, broadening the financial services ecosystem, said Wain. But there is a lot more to having a secure and stable issuer processing system. QR codes and even peer-t0-peer (P2P) options are gaining favor, especially for smaller retailers.

Mobile 235

Mobile Payments System User Experience 235

PYMNTS

DECEMBER 2, 2020

As much as it has been necessary to upgrade back-end systems to accommodate more traffic, financial institutions need to make commensurate adjustments to prepare for more prevalent fraud. The key to this is user experience,” he said. Compliance Amid COVID-19. That’s what it’s all about.”. Moving Beyond Just Serving Banks.

Fraud 215

Fraud Online Security Compliance 215

PYMNTS

MARCH 4, 2020

As for an overarching theme toward what might be termed “intelligent engagement in banking,” DeLuca told Webster that “we call it a transition from systems of record to systems of engagement.”. FinTech firms like Bottomline have invested in user experience (UX), user interface (UI), usability and, of course, data management.

User Experience 203

User Experience Data Fintech System 203

Insights on Business

MARCH 26, 2018

A digital reinvention is underway in financial services, driven by the need for fraud prevention, personalized customer service, and the ability to keep pace with massive amounts of new regulations. Diamond pointed out that along with security and best-in-class user experience, a bank must play by the rules and maintain compliance.

User Experience 135

User Experience Compliance Maine Regulation 135

Insights on Business

FEBRUARY 13, 2019

The global financial crisis of 2008 and 2009 brought a renewed focus on the governance, risk and compliance (GRC) processes within the financial institutions, who, not very long ago, viewed GRC as little more than a necessary evil – cost of doing business, which added little value. IBM OpenPages with Watson 8.0

User Experience 79

User Experience Compliance Risk Management Training 79

PYMNTS

DECEMBER 10, 2020

KYC regulations require companies to prevent money laundering and protect themselves from being linked to criminal enterprises by accurately verifying their customers? Banks and other FIs must be certain that their clients are who they claim to be and adhere to AML compliance — or be held accountable. . identities. .

Video 201

Video Digital Banking User Experience Tools 201

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. Toward an Interoperable ID System. As for a universal standard?

Innovation 182

Innovation Fraud Technology Security 182

PYMNTS

OCTOBER 18, 2017

Wain advised that one think of global positioning system (GPS) technology and ask this question: Was this an innovation or an invention? His assertion is that GPS was not an innovation until it hit the market as a navigation system and was successfully monetized by Garmin. What of regulation?

Innovation 140

Innovation Compliance Community Bank Strategy 140

Perficient

JANUARY 16, 2024

Regularly review and update policies annually to ensure compliance with current rules and regulations. Implement a check and balance or send policies/procedures through a multi-business review approach to confirm documentation updates and adherence to current rules and regulations.

Compliance 221

Compliance Guidelines Policies Risk Management 221

Insights on Business

MAY 2, 2019

Through our many daily interactions we have been witness to a wave of patterns forming that are changing the face of governance, risk and compliance (GRC). To meet these demands, organizations are reassessing their current GRC system approach. Institutions are targeting tactical, ad-hoc systems for replacement.

Compliance 98

Compliance System Analytics Data 98

PYMNTS

OCTOBER 23, 2017

Oh, and security, too – but not at the expense of that frictionless user experience. Linden unpacked the findings of a recent whitepaper by Paysafe, “ Lost In Transaction: Volume II ,” which showed what consumers really want from their eCommerce experience. What do consumers want? Trust is not always based on facts.

UX 116

UX Security User Experience Millennials 116

Fintech Labs Insights

MAY 24, 2017

Highlighting the fact that regulation is a key barrier to growth for banks, a post at the Trulioo blog earlier this month underscored how important it was for FIs to leverage technology to meet these challenges. Further, they pointed out that even senior executives gain from the improvements technology can bring to the compliance challenge.

Compliance 21

Compliance UX User Experience Fraud 21

PYMNTS

JULY 23, 2019

It’s also the most highly regulated part of any financial transaction. It’s a process that doesn’t leave much room for interpretation — either you are compliant or you’re not — and one in which companies tend to bring in a partner who can make the process of achieving and maintaining compliance less painful.

Data 101

Data Mobile Compliance Security 101

PYMNTS

MARCH 14, 2017

As banks and payments companies endeavor to meet anti-money laundering (AML) regulations to avoid hefty fines for non-compliance, easily identifying customers in the digital channel becomes paramount to their success. Some “old school” methods that worked in the past aren’t working anymore. The Physical Side of ID Theft .

Meeting 111

Meeting Fraud Knowledge Base User Experience 111

FICO

DECEMBER 20, 2022

Credit cards have seen record growth and near-record balances through 2022, and alternative payment methods are booming, including everything from ACH and real-time money transfers to phone-based systems like Apple Pay and Google Pay. Buy-Now-Pay-Later Will Win on Customer Experience but Needs Enhanced Security. trillion.

Fraud 52

Fraud Payments South Carolina Compliance 52

Insights on Business

JUNE 20, 2018

For financial services institutions, the ever-growing volume of regulations and annual changes since the financial crisis continue to challenge banks’ capabilities, as well as their confidence, in managing compliance and risk exposure. The global regulatory environment continues to evolve at a rapid pace.

Compliance 70

Compliance Innovation User Experience System 70

FICO

MARCH 6, 2020

Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales. In this excerpt from that article, Jürgen elaborates on the importance of compliance. . At FICO, I am responsible for planning and implementing growth strategies to develop new markets, and the expansion of our compliance business globally.

Compliance 81

Compliance Technology Fraud Analytics 81

Gonzobanker

AUGUST 31, 2015

The biggest reason is related to lack of system integration. Systems like ChexSystems, Check Order, Credit Reports, Debit Card, Online Banking Enrollment require re-entry. Before selecting systems, make sure the vendors you have in place work with the new system. Vendors tout "“integrated workflow”" in their systems.

System 60

System Tools Cards User Experience 60

PYMNTS

DECEMBER 11, 2017

Hyperwallet CEO Brent Warrington told Karen Webster that supporting global disbursements for Amazon sellers on the Australian marketplace allows sellers to have the same world-class user experience when receiving payments as consumers experience when paying for them. Be the regulatory and compliance safety net.

Payments 105

Payments Online Management User Experience 105

Fintech Labs Insights

MAY 26, 2017

ABN AMRO’s Helène Erftemeijer elaborated on the role Fenergo’s technology will play in helping the bank improve the user experience for its clients. The deal with ABN AMRO is the latest in a string of wins for the Dublin-based compliance specialist.

Management 17

Management Innovation Compliance Capital 17

Cisco

MAY 24, 2022

This week we welcome Marc Gilman , General Counsel and VP of Compliance at Theta Lake for a Q&A on a key topic for compliance, operational risk, and security leaders – ensuring that robust controls are in place for regulatory, cybersecurity, and privacy of collaboration platforms.

Compliance 115

Compliance Security Video Meeting 115

PYMNTS

JUNE 10, 2016

However, Powers said, many times features that customers desire are precluded by different laws and regulations. Although we try to also provide in help and the user experience for the parker, our main customer, the person who pays us, is the city. Compliance and security are two big things for us,” Powers said. “We

Mobile 100

Mobile Payments Training Wisconsin 100

FICO

JANUARY 7, 2021

It provides a unified view of analytics, business strategies, audit and compliance, empowering companies to make smarter, faster, more profitable decisions.”. FICO’s chief analytics officer, Dr. Scott Zoldi , predicted that “AI is going to grow up, encountering new demands in the areas of responsibility, advocacy and regulation.”

Management 52

Management Analytics Strategy Data 52

PYMNTS

NOVEMBER 9, 2016

Doing that meant that Circle had to build out an AI-powered risk engine that allows it to make 90 percent of its risk and compliance decisions with machines rather than relying on compliance people. “Creating those onramps and user experiences that delight people is a big part of what we do to keep driving usage,” Allaire added.

Payments 189

Payments blockchain User Experience Bitcoin 189

Insights on Business

JULY 23, 2019

Last year, IBM proudly accepted two distinguished RegTech Awards from the A-team Group, for “Best AI Solution for Regulatory Compliance” and “Best Regulatory Alert Management Solution.” IBM is once again positioned furthest for “Completeness of Vision,” for its OpenPages solution.

Risk Management 87

Risk Management Compliance Management Software 87

PYMNTS

SEPTEMBER 29, 2020

Regulators are also looking more closely at the authentication measures attached to online payments as they continue to jump in volume, meaning merchants must keep pace with new compliance requirements as well as shifting consumer perceptions. Merchants, their payment providers and their regulators must keep up. under the GDPR.

Payments 172

Payments Regulation Online Retail 172

Insights on Business

JULY 23, 2019

Last year, IBM proudly accepted two distinguished RegTech Awards from the A-team Group, for “Best AI Solution for Regulatory Compliance” and “Best Regulatory Alert Management Solution.” IBM is once again positioned furthest for “Completeness of Vision,” for its OpenPages solution.

Risk Management 70

Risk Management Compliance Management Software 70

PYMNTS

NOVEMBER 21, 2016

Webster, describing the payments conundrum as the “nasty underbelly of making these payments to any worker in any environment,” suggested it could be summed up in a single word: regulation. Payment regulations, prepaid card regulations, controlled currencies,” Monty began.

Payments 100

Payments New York City Regulation Taxes 100

PYMNTS

APRIL 2, 2019

Limited , which offers what is billed as a “turnkey” Open Banking platform that helps banks achieve compliance with the Second Payment Services Directive (PSD2). The March 14 deadline for compliance with PSD2 has, in turn, spurred banks to open up to third parties. That’s according to Steve Kirsch, CEO of Token.io

Software 165

Software User Experience Security Compliance 165

PYMNTS

MAY 31, 2018

The European Union’s General Data Protection Regulation (GDPR) went into effect on May 25, and with that, everyone has been worrying about the collection, usage and storage of personal data. End User Experience. That is, the user arrives at the point of transaction and must enter a memorized PIN to continue. Regulations.

ATM 109

ATM Data Security Regulation 109