PYMNTS

NOVEMBER 9, 2017

More than a third (36 percent) of survey respondents said fraud monitoring and risk mitigation are the areas in which CFOs are most falling short. That’s followed closely by performance risk management and strategic/operational risk management, each cited by 32 percent of survey respondents as areas in which CFOs fail to deliver.

Risk Management 107

Risk Management Fraud Management Survey 107

PYMNTS

NOVEMBER 16, 2020

PwC has spun out its technology for proprietary intelligent data capture to help create a new business, LIKEZERO , focused on next-generation data capture, a press release says. The new development comes from a management buyout by Souter Investments , a private equity-focused family investment office, and Manfield Partners Limited.

Data 169

Data Regulation Risk Management Training 169

PYMNTS

MARCH 20, 2020

Open banking’s impact on small- to medium-sized businesses (SMBs) continues to proliferate as traditional financial institutions (FIs) embrace the opportunity to unlock data for third-party platforms. Unlocking data also means an easier bank-switching process for SMBs in search of improved borrowing processes. In the U.K.,

Lending 233

Lending Data User Experience Fraud 233

Bank Innovation

SEPTEMBER 16, 2019

Credibly, a small business lending company, is partnering with Wirecard to disburse instant funds and access businesses’ spending data. The partnership is an attempt by Credibly to grow its customer base through better offerings and better risk management. Credibly […].

Data 186

Data Risk Management Lending Management 186

Perficient

MAY 28, 2020

Oracle’s suite of enterprise applications; ERP, SCM, EPM, and Data & Analytics all lead the industry to new fond levels of efficiency and innovation with special focus on the four desired areas of business outcome below; I. Using Oracle Data & Analytics to Manage Business Decisions .

Analytics 340

Analytics Customer Experience Risk Management Innovation 340

Insights on Business

JULY 30, 2019

Today we discuss how advanced analytics and aggregation software can address limitations in computational power and granularity required to meet evolving regulatory demands.The other three emerging technologies are cloud, big data and of course, AI. Clients have used Workspace Analyzer to aggregate terabytes of data in just seconds.

Risk Management 70

Risk Management Analytics Technology Management 70

Insights on Business

JANUARY 8, 2019

But what has this got to do with risk management I hear you ask? For more information how IBM can help you and your organization innovate now and in the future, please visit ibm.com/regtech. Quantum computing is real, even if still in the infancy stage. Live long and prosper.”. Learn more about IBM Quantum Computing here.

Risk Management 107

Risk Management Management Course Big Data 107

PYMNTS

OCTOBER 1, 2020

In a milestone on its path to create application programming interface (API)-based data exchange deals with third parties, Wells Fargo has inked a deal with financial information aggregation and analytics platform Envestnet | Yodlee , according to an announcement. Wells Fargo & Envestnet. Ebury & Nexi.

Fintech 228

Fintech Data Risk Management Management 228

PYMNTS

MAY 11, 2018

Innovation implies a break from the conventional ways of operating a business. Ultimately, innovation is oxygen for companies in almost any vertical, as competition demands new products and services, improving customer experiences in unexpected ways. Can risk sandboxes become a proving ground for a firm’s competitive edge?

Compliance 125

Compliance Innovation Management Risk Management 125

Abrigo

OCTOBER 17, 2023

Takeaway 3 Institutions can not only navigate the challenges of the modern financial landscape but also thrive in it with sound change management processes. This article describes recent comments by financial regulators about managing change. Risk mitigation : Change, when not managed properly, can introduce risks.

Management 195

Management Lending Risk Management Strategy 195

PYMNTS

NOVEMBER 15, 2018

Opus, the provider of global compliance and risk management solutions, announced Thursday (Nov. In a press release announcing the results of the survey of more than 1,000 CISOs and other security and risk professionals across the U.S. Opus said that in the U.S., Opus said that in the U.S.,

Data 195

Data Risk Management Resources Survey 195

Abrigo

APRIL 19, 2016

banks incorporate “responsible innovation” as they adapt quickly to these advances, but what exactly does that mean? In a recent whitepaper (download), the regulator outlined the general approach it will take as it evaluates innovative products, services and processes that OCC-regulated banks may offer or perform.

Innovation 150

Innovation Fintech Risk Management Community Bank 150

PYMNTS

JULY 23, 2019

Following mandates by the Reserve Bank of India (RBI), PayPal is opening a tech center in Hyderabad to ensure all data is stored exclusively on local servers. In April 2018, the RBI set a six-month deadline for payment firms to comply with data localization. .

Data 134

Data Fraud Risk Management Google 134

Bank Innovation

AUGUST 23, 2016

Much like vegetables, we should all be concerned with the Kind of Data and the Quality of Data. Choices of data (and veggies) abound and we need to pick the appropriate set-combo. Quality of Data is a more complex issue that troubles mostly risk managers and regulators but should also Read More.

Data 150

Data Risk Management Regulation Management 150

PYMNTS

NOVEMBER 12, 2020

“Providing Canadians and Canadian businesses with access to faster, data-rich payment options will enable innovation, support the long-term growth of the economy, and strengthen our global competitiveness.”. The system will also act as a “platform for innovation” to advance new solutions and services.

Payments 345

Payments Innovation Risk Management System 345

South State Correspondent

APRIL 4, 2024

An aging population, higher federal debt as a percentage of GDP, and higher interest rates will change the way community banks view risk, manage relationships, use technology, and generate revenue. Community banks must deliver best-of-class treasury management products to capture this valuable banking product.

Risk Management 195

Risk Management Community Bank Policies Community 195

PYMNTS

JANUARY 9, 2020

Resilience360, incubated in DHL’s global Innovation Center , provides a continuous supply chain risk assessment and monitoring service. It’s now a stand-alone company, managed by holding company Rising Tide Digital and created by Columbia Capital to invest in disruptive supply chain technologies. .

Innovation 130

Innovation Analytics Capital Management 130

Abrigo

APRIL 14, 2017

A credit risk manager at one bank with $900 million in total assets estimated that her team received approximately 8,220 tax returns in the 2015 calendar year. Considering the example of the bank mentioned above, the amount of data entry required is significant. Enter Sageworks.

Innovation 150

Innovation Taxes Analysis Lending 150

Abrigo

SEPTEMBER 11, 2023

Takeaway 2 AI can lead to more accurate and consistent outputs or predictions, better risk management, and improved customer experiences. In the simplest sense, generative AI refers to artificial intelligence models that generate new data similar to the data that “trained” the model.

Risk Management 195

Risk Management Data Technology Fintech 195

Bobsguide

MAY 18, 2022

CompatibL, a leading provider of risk management solutions and professional services for the financial industry, has been named the winner of the Best Risk Management Platform Award in the sixth annual FinTech Breakthrough Awards program for its innovative CompatibL Cloud Platform.

Fintech 147

Fintech Risk Management Analytics Software 147

Insights on Business

NOVEMBER 29, 2018

Operational innovation is vital in a highly competitive financial services sector, with a new community of digital banks and other firms vying for market share. Drivers for Operational Innovation. These include driving growth, reducing costs and managing financial risks in a volatile business environment.

Operations 138

Operations Innovation Management Risk Management 138

Insights on Business

JULY 31, 2018

IBM RegTech Innovations. Armanta’s technology platform allows financial institutions to aggregate data across multiple systems in near real-time speed. We caught up with Peter Chirlian, CEO of Armanta, an IBM Company, to tell us more about Armanta’s innovative approach to aggregation and risk analytics.

Innovation 133

Innovation Analysis Analytics Risk Management 133

Perficient

NOVEMBER 27, 2023

Process mining offers a data-driven, automated, and objective approach to analyzing business processes. An ideal solution combines top-performing analysts with innovative AI. View custom-tailored results to make data-driven decisions that clearly outline opportunities and plans. what was done).

Industry 221

Industry Regulation Compliance Data 221

Perficient

FEBRUARY 27, 2023

Because real-time payments run on the ISO 20022 data standard, a revision or remapping of existing automation schemes to accommodate the new data standard may be required. Workflow timings may now be altered due to the immediacy of transactions, which can have a domino effect on operational, risk management, and reporting teams.

North Carolina 275

North Carolina Charlotte Payments US 275

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

PYMNTS

FEBRUARY 28, 2020

PYMNTS’ Credit Union Innovation Index found 65 percent of CU members chose credit unions as their primary financial institutions (FIs) because they trusted them, compared to 45 percent of non-CU members who said the same. Failing to prevent a data breach is a surefire way to lose that trust, however. Data Breaches Within And Without.

Data 131

Data California Security Pennsylvania 131

PYMNTS

OCTOBER 7, 2020

In terms of mechanics, the company connects enterprises and financial institutions (FIs) to help bring embedded financing and other innovations to enterprises. Risk Management. Risk management is critical, said Yin. Better risk management comes through leveraging alternative data sources through industry conduits.

Risk Management 238

Risk Management blockchain Capital Data 238

PYMNTS

MARCH 22, 2018

Data is useful only when it’s fully utilized. Put a bit more simply: Retailers face both a data problem and a time problem. There’s too much data and not enough time. But you … also [have] to protect the consumer,” he said, which means treating the integrity and the security of the data in high regard.

Retail 100

Retail Data Fraud Risk Management 100

PYMNTS

DECEMBER 14, 2018

B2B startups are increasingly building themselves on top of troves of enterprise data, uncovering new ways to unlock and aggregate information across enterprise platforms, and introducing new ways to analyze and make use of that data. million was raised by B2B startups tearing down data silos. In all, more than $87.8

Data 128

Data Capital Analytics Fintech 128

Bobsguide

MARCH 12, 2022

CompatibL was quick to act to counter the adverse impact of the global disaster and to provide its clients with innovative technology. Today, we are proud to have won the prestigious Best Modeling Innovation accolade at Risk Markets Technology Awards 2022. The Risk.net judges said: “This is truly innovative.

Technology 78

Technology Marketing Risk Management Innovation 78

PYMNTS

APRIL 10, 2019

The Association of Financial Professionals released new data this week that revealed the threat of payments fraud continues to climb, particularly for large enterprises, as scams like ACH fraud and the Business Email Compromise climb to record levels. Talent Management, Economic Disruption. But the latest analysis of U.S.

North Carolina 136

North Carolina Risk Management Leadership Survey 136

Jeff For Banks

NOVEMBER 28, 2023

. ∞ Sure, here is a description of the future of banking in the United States in buzzwords: Hyperpersonalization : Banking services will be tailored to the individual needs and preferences of each customer, using data analytics and artificial intelligence. Should I start to worry?

United States 92

United States Analytics Risk Management Google 92

Perficient

JANUARY 3, 2024

The COVID-19 pandemic prompted several unprecedented shifts in society, notably impacting the workplace and necessitating the adoption of innovative technologies that facilitate collaboration and efficiency in a work-from-home (WFH) environment. The Benefits FINRA anticipates the WFH model to endure, regardless of the state of the pandemic.

Compliance 221

Compliance Risk Management Regulation Industry 221

CFPB Monitor

MAY 24, 2019

Among such issues discussed in the Spring 2019 report , which generally reflects bank data as of December 31, 2018, are risks arising from financial innovation and new technologies. By taking a wait and see approach to innovation, banks add to their risk.

Innovation 68

Innovation Report Compliance Risk Management 68

PYMNTS

JUNE 9, 2017

In an interview with PYMNTs after a webinar by the pair titled, “Financial Services Innovation — The Risk of New vs. Nothing,” John Epperson, principal at Crowe Horwath LLP, and Jason Henrichs, managing director at FinTech Forge , discussed the challenges and rewards of embracing change, even as firms are mindful of what works.

Innovation 109

Innovation Compliance Technology Data 109

Independent Banker

JANUARY 31, 2022

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. Swashbuckling, nimble, well-funded and unapologetically entrepreneurial, fintechs are offering innovations that allow community bankers to dream big in a host of ways.

Community Bank 159

Community Bank Community Fintech Risk Management 159

Perficient

JULY 10, 2023

Defining Reputational Risk for Financial Services Institutions Reputational risk occurs when an institution’s action or lack thereof gives its stakeholders or employees a negative perception. Reputational risk is convoluted. However, these reputational risk management (RRM) frameworks are still widely underdeveloped.

social media 170

social media Risk Management Analysis Industry 170