PYMNTS

DECEMBER 29, 2020

With it, financial institutions need to strengthen their compliance to mitigate the risk of running afoul of the law. It’s great to see the prioritization on innovation with this bill,” Wingert said, calling the AML regulatory changes important. Accurate and reliable data is a critical piece of modernizing the AML regimen,” he said.

Fraud 270

Fraud Compliance cryptocurrency Security 270

PYMNTS

JULY 30, 2020

Although the press release by the BoE makes no mention of the digital currency issue, in a statement, Victoria Cleland , executive director for banking, payments and innovation at the Bank of England, stressed that the revamped RTGS system will “keep the U.K. at the leading edge of payments innovation.”.

System 159

System Payments Risk Management Innovation 159

PYMNTS

FEBRUARY 15, 2018

Elsewhere, in India, that country’s Reserve Bank has floated a raft of proposals seeking to boost the FinTech space, with a focus on innovation labs and data protection, among other initiatives. One consideration, the group has said, includes regulatory sandbox/innovation hubs that provide industry support as innovation comes to market.

Washington 101

Washington Regulation Conference Fintech 101

PYMNTS

MARCH 14, 2019

More than one-third admitted that they lack sufficient time to adequately perform all their responsibilities, with cash forecasting and risk management processes put on the back burner most often. Even fewer — 5 percent — have adopted blockchain, and only 2 percent use cryptocurrencies.

Fraud 115

Fraud Survey Taxes Regulation 115

Abrigo

FEBRUARY 25, 2022

Overall, banks, credit unions, and NBFIs should modernize their BSA/AML programs with appropriate risk-based innovative solutions to streamline those processes and use resources efficiently and effectively. While FinCEN has provided no specific, written regulations yet, more clarification is expected soon.?

Regulation 195

Regulation Policies Compliance Washington 195

PYMNTS

JUNE 20, 2019

The last thing that anyone wants to hear in almost any financial organization is that the people tasked with risk management is feeling less than fully confident about their ability to actually do that job — because they aren’t sure if their data is good. The Innovative Steps Forward.

Data 166

Data cryptocurrency Regulation Compliance 166

Insights on Business

DECEMBER 19, 2018

In addition, the Federal Reserve and a host of other regulators have released guidance on not only how to address the opportunities of artificial intelligence in financial crime as well as risk management, but what is expected once they look to apply innovative technologies. Heightened supervision expands the aperture.

Regulation 111

Regulation Innovation Compliance Risk Management 111

Alex Jimenez

NOVEMBER 4, 2023

Wealth Management: While Money20/20 has historically been a payments-focused conference, there was quite a bit of discussion on innovations in wealth management, with an emphasis on generational wealth transfer and the overall impact of technology. Two years ago, the buzz was all about cryptocurrency and blockchain/DLT.

Conference 84

Conference Meeting Trends Fintech 84

CFPB Monitor

JUNE 11, 2019

Regulatory sandboxes are laboratories for the development of innovative technologies in an environment that is free from onerous government restrictions. While Arizona’s law does not specifically mention blockchain technology, the State’s AG has said “certain blockchain or cryptocurrencies products or services might also be eligible.”.

Utah 60

Utah Arizona Regulation Innovation 60

Gonzobanker

NOVEMBER 22, 2022

Lobbying groups need to be jumping in to advocate and help frame the narrative around the right mix of regulation and innovation. This is an important time for bankers to engage lawmakers in how the crypto and digital asset market shapes up.

Regulation 178

Regulation blockchain Marketing Strategy 178

Independent Banker

NOVEMBER 25, 2015

It’s a worrisome and complicated dynamic that’s putting competitive pressure on community banks, but it’s also creating opportunities through data analytics, partnerships and the ability to innovate to meet evolving customer demands. “We These insights emulate relationship banking.

Community Bank 70

Community Bank Community Analytics Lending 70

FICO

DECEMBER 23, 2020

It has also opened new doors for criminals, who have rushed to exploit the uncertainty in a pandemic world and devised new money laundering and terrorist financing schemes by taking advantage of loopholes in the regulations, new ways of working aided by advances in technology, and electronic payment innovations.

Compliance 52

Compliance Regulation Data Risk Management 52

PYMNTS

MAY 19, 2017

In the complex payments space, it’s often innovate-or-die, especially when it comes to cross-border payments methods and payments technologies. PYMNTS: How would you define your company’s approach to innovation? Technological innovation is the backbone of WEX — we’re a technology company first.

Innovation 123

Innovation Payments Technology Security 123

CB Insights

FEBRUARY 20, 2020

The selection was based on several factors, including company-submitted data, business model, tech innovation, marketplace momentum, team strength, and more. Since January 2019, Citi has announced partnerships with capital markets tech companies Capitolis and Kantox and treasury risk management software Kyriba.

Fintech 80

Fintech US Lending Cards 80

South State Correspondent

MAY 9, 2022

The most significant problem with bank innovation is that bankers see or hear about a sexy piece of technology at a conference or at another bank and then acquire it. The new piece of technology ends up solving a known problem but, in the process, creates more problems, and risks, than it solves.

Technology 195

Technology Customer Experience Data Training 195

PYMNTS

SEPTEMBER 3, 2018

Almost 33 years ago, David Letterman introduced his singular innovation in stand-up comedy: the Top 10 List. Cryptocurrencies suffered through a rough day in mid-June, when prices plummeted fast during a few hours and wiped out a total of $15 billion in value. Crytpo’s Big Flash Crash. percent on the day. “We

Branding 100

Branding Cards Fraud Marketing 100

Lex Sokolin

JULY 1, 2019

Goldman Sachs entered and dominated personal digital lending, runs a neobank and roboadvisor, bought a large digital wealth footprint in United Capital, launched a credit card in partnership with Apple, and is now looking into cryptocurrency stablecoins ?—?something something that Facebook and JP Morgan have already started building.

Bitcoin 40

Bitcoin System Software blockchain 40

FICO

MARCH 6, 2020

FICO brings AI and advanced analytics to risk management, fraud detection, collections and much more. We serve corporates, insurance companies, and banks – be it a retail, private, wealth management, automotive or telecom bank, tier 1 or tier 3 bank. Why do you partner with Visma Connect?

Compliance 81

Compliance Technology Fraud Analytics 81

Gonzobanker

DECEMBER 14, 2023

Award – goes to CNBC’s Jim Cramer , who lamented that banks should have been innovating offerings like those delivered by PayPal and Square. The Ali vs. Foreman Award – goes to hedge fund manager Steve Eisman and Second Curve Capital ’s Tom Brown , who are polar opposites in the bank investment landscape. billion, Kalamazoo, Mich.).

Fintech 195

Fintech Community Regional Technology 195

PYMNTS

NOVEMBER 19, 2019

Cryptocurrency risk management platform TRM Labs announced that it has raised $4.2 Founded in 2018, TRM helps financial institutions across the US, Latin America, Asia and Europe to measure, monitor and mitigate their cryptocurrency risk exposure, enabling them to simplify customer due diligence and meet regulatory requirements.

cryptocurrency 103

cryptocurrency Risk Management blockchain Capital 103