Abrigo

OCTOBER 17, 2023

Why change management is vital for banks and credit unions Regulators promote change management to manage risk, but banks and credit unions can also achieve important benefits when they manage change. This article describes recent comments by financial regulators about managing change.

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Management Lending Risk Management Strategy 195

Insights on Business

JUNE 18, 2019

In this series of blogs, we will focus on four transformative technologies with emerging risk applications that can help banks and financial institutions grow profitability and protect the enterprise. Each technology is at the start of an enormous adoption growth curve, and has been the subject of intense discussion.

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Risk Management Technology Management Big Data 185

Perficient

APRIL 2, 2021

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. It involves using software to analyze both structured and unstructured data (i.e., email, text, audio data), with the aim of identifying fraud or anomalous transactions. Risk Management.

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Regulation Industry Risk Management Analysis 309

Abrigo

JULY 14, 2023

Practical advice for using data to develop and support institution goals Answering three questions ahead of strategic development discussions can ensure data drives your financial institution's efforts. Takeaway 2 Do you have the right technology to efficiently generate strategic insights now and on an ongoing basis?

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Strategy Data Analytics Analysis 195

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.

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Technology Lending Community Software 195

PYMNTS

DECEMBER 3, 2018

Amid the digital transformation of the enterprise, data is now considered the most valuable currency for corporates looking to transform via technology. It’s certainly the case for expense management, said Karim Jouini, CEO of France-based Expensya.

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Management Data Fraud Survey 144

Perficient

JULY 15, 2020

can leverage the Modern Data Platform approach. Marry in people, process and technology and you have Producers and Consumers with a great value add. The explosion of data and advances in digital technologies has completely disrupted our industry as service / solution providers. Align them to Scores.

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Data Customer Experience Analytics Industry 497

Bank Innovation

JULY 20, 2017

Financial service executives are still concerned about regulatory changes, but the best response is to improve data aggregation and management services. This is according to a survey by AxiomSL, which found that 66% of regulatory executives believe their institution needs to make investments in data management.

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Abrigo

OCTOBER 14, 2022

Fortify your credit risk management framework How to prepare your organization for scrutiny of its credit risk management practices during your next exam or review. . You might also like this whitepaper, "Stress Testing: Managing Capital Levels and Credit Risk." So how can banks help customers keep up in uncertain markets?

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Perficient

MARCH 30, 2023

The computing and storage of cloud data occur in a data center, rather than on a locally sourced device. Cloud computing makes data more accessible, cheaper, and scalable. However, the cloud’s structure makes data segmentation more complex and potentially more vulnerable if the correct security measures are not followed.

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PYMNTS

JULY 17, 2019

According to Trisha Price, executive vice president of Product Development and Engineering at bank technology provider nCino , that reactive approach is rooted in one of the largest challenges today for banks and their lending operations.

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Abrigo

JUNE 9, 2020

Technology has enabled financial institutions to operate more quickly and efficiently, creating a better experience for customers. Financial institutions should look to technologies that allow for the automation of manual data entry to mitigate risk and allow the institution to grow safely.

Technology 195

Technology Lending Compliance Data 195

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. That aims to boost their risk management and contract governance, transformation and remedial activities.

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Data Regulation Risk Management Training 169

Perficient

NOVEMBER 30, 2022

Our Payments Practice recently had the opportunity to represent Perficient at the 2022 Real-time Payments & Fraud Management Summit held in New York City. . The conference was attended by several Financial Institutions, Service Providers, Fintechs, and Industry Regulators.

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Fraud Management Payments New York City 275

Abrigo

FEBRUARY 14, 2023

What to know about the CFPB 1071 rule affecting small business loans This post provides answers to some frequently asked questions about data requirements and other changes likely from the new rule. Takeaway 3 Lenders will need to collect 20+ data points on each application from businesses with $5 million or less in gross annual revenue.

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Data Lending Compliance Resources 195

PYMNTS

NOVEMBER 26, 2019

Regulation is perhaps the strongest driver of Lithuania’s FinTech-friendly environment. For traditional banks, compliance experts agree that it’s all about data — and the ability to share information with regulators. Just ask Sergiy Barybin, CEO of Lithuanian cross-border payments technology company SatchelPay.

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Compliance Regulation Fintech Resources 182

PYMNTS

DECEMBER 9, 2020

And new regulations are taking root or are on the horizon to help protect consumers, their data and how that data might be used. His comments come at a time when California is arguably taking the lead in consumer data privacy protections. Data security is such an important topic,” he said. It’s paramount.

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Regulation Security Data Course 234

PYMNTS

NOVEMBER 10, 2019

Kenya has passed a new data protection law in the hopes of attracting more foreign technology companies into the country. The law, which was approved by Kenyan President Uhuru Kenyatta last week, complies with European Union legal standards, placing restrictions on how personal user data can be handled, stored and shared.

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Regulation Data User Experience Training 109

PYMNTS

OCTOBER 11, 2018

Mitek Systems , the financial technology provider to banks, is pushing back from a takeover offer from Elliott Management , the hedge fund and ASG Technologies , the software company. It also wants to increase the development of Mitek’s technology that helps banks verify the identities of customers.

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System Technology Management Montana 108

PYMNTS

DECEMBER 9, 2019

Also, as big tech moves into the financial services industry, regulators call for more “vigilant monitoring” of its data use. Goldman Sachs is planning to launch digital wealth management services in 2020 for clients with “significantly lower” investment capital than traditional customers.

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Regulation Data Apple Payments 131

PYMNTS

JANUARY 21, 2021

The company offers a Software-as-a-Service platform that helps banks leverage financial and other utilization data to reduce the number of vendors on which they rely, and in the process streamline their pursuit of flexible and compliant offerings. Cohen asked. It’s unthinkable.”.

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Management User Experience Innovation Fintech 303

Abrigo

DECEMBER 5, 2023

AML Compliance Ten qualities of a successful BSA officer Hiring a Bank Secrecy Act (BSA) Officer for a financial institution involves looking for a unique experience level and skillset that ensures compliance with the BSA and related regulations. But what makes an exceptional BSA Officer?

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Training Compliance Regulation Software 221

PYMNTS

AUGUST 6, 2020

The IT firm Coke One North America Services (CONA), owned by the major Coca-Cola bottling companies, will try out the Baseline Protocol, a public Ethereum blockchain technology targeted at large enterprises. Ethereum ’s website says that it is “a technology that lets you send cryptocurrency to anyone for a small fee.

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Management blockchain America cryptocurrency 219

PYMNTS

JULY 22, 2020

The Monetary Authority of Singapore (MAS) has proposed new regulations on cryptocurrency that will include those engaging in overseas activity, in an expansion on rules for the sector, according to a press release. The two organizations said an international consensus could help speed up transactions across borders.

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Regulation Bitcoin Cyber Security cryptocurrency 140

PYMNTS

DECEMBER 26, 2019

insurers will not be covering as much digital property and data as they previously did, according to the Financial Times. Now, disasters like fires in data centers and IT meltdowns will not be covered under policies that help corporate headquarters and buildings in cases of damage. That is leaving many companies potentially exposed.

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Technology Policies Regulation Examples 131

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

PYMNTS

JANUARY 30, 2020

Banks and FinTechs continue to discover new opportunities in unlocking corporate clients’ financial data, with banks embracing data integration for their own product development initiatives, and FinTechs finding new ways to collaborate with each other. AccountantsWorld Unlocks Payroll Data for FinTechs.

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Data Fintech Cards Software 161

PYMNTS

OCTOBER 5, 2020

Retailers must protect customers’ card data from hackers who try to snatch payment details, and following best practices to ensure security requires adhering to the regulations established by the PCI SSC, a global payments industry forum. The regulations can be numerous, however, with PCI DSS including 246 nonwaivable requirements.

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Cards Data Compliance Payments 207

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

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Data How To Community Bank California 91

Abrigo

DECEMBER 22, 2023

Takeaway 2 The top lending and credit blog posts focused on the benefits of banking technology, interest rate management, and developing risk ratings. They’ve also focused on managing interest rate risk in a rising rate environment. You might also like this resource, Abrigo's "2022 Loan Review Benchmark Survey Results."

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Lending Risk Management Community Management 221

PYMNTS

DECEMBER 28, 2020

Large Chinese companies, including Alibaba and rivals Tencent , food delivery giant Meituan and retailer JD.com , have lost almost $200 billion in Hong Kong since regulators announced last week that they were investigating Alibaba's reported monopolistic practices, according to Bloomberg. Regulators on Sunday (Dec.

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Regulation Google Report Capital 141

Abrigo

SEPTEMBER 11, 2023

DOWNLOAD Takeaway 1 With generative AI technology improving by the day, the question is not if the banking industry will utilize it, but when. Takeaway 2 AI can lead to more accurate and consistent outputs or predictions, better risk management, and improved customer experiences. So, what is generative AI?

Risk Management 195

Risk Management Data Technology Fintech 195

PYMNTS

JUNE 25, 2018

Marry tech and talent, then risk management can pay dividends, notes an upcoming PYMNTS webinar. However, for many financial services firms, RegTech’s (Regulatory Technology) potential is limited by any number of causes. Among those factors: the cultural hallmarks of the organizations adopting such technologies.

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Risk Management Strategy Management Compliance 167

PYMNTS

FEBRUARY 18, 2019

Facebook , which has been under fire for months over data scandals, expressed openness to new regulation. According to a report in Reuters citing Facebook’s public policy manager Karim Palant, the executive said the social media giant is “open to meaningful regulation.” Google in 2012 paid $22.5

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Regulation social media Company Google 134

Bobsguide

MARCH 24, 2022

Finastra and CloudMargin Collateral Management as a Service offering accelerates compliance with UMR regulation. The partnership between Finastra and CloudMargin will make it easy for Finastra customers using solutions such as Fusion Kondor, Fusion Opics and Fusion Summit to submit the data needed to comply.

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Compliance Management Regulation Software 60

PYMNTS

FEBRUARY 16, 2017

According to Bloomberg , the Monetary Authority of Singapore published a new consultation paper that revealed new and existing venture capitalists will no longer be subject to the same rules that apply to fund managers overall, including capital requirements and business conduct regulations.

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Regulation Capital Fintech Innovation 183

PYMNTS

JULY 15, 2020

That’s bureaucratic code for “Regulators will be checking on ‘Know Your Patient’ (KYP) compliance in the near future.” Medical data theft is perhaps the ugliest kind. This seismic shift is, in turn, making it more important than ever for providers to examine the use of digital identity authentication technologies.”. They should.

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Data Compliance Regulation Meeting 146