PYMNTS

OCTOBER 19, 2016

According to Brad Fauss, president and CEO of the Network Branded Prepaid Card Association, the recently released regulations on prepaid cards from the Consumer Finance Protection Board could be another instance of good intentions gone wrong. The updated regulations are slated to take effect Oct. Around the Digital Banking world.

Regulation 100

Regulation Cards Digital Banking social media 100

BankBazaar

MAY 7, 2024

There are now 100 million active Credit Cards in India, and FY25 is poised for significant innovations and rapid growth in this space. Our focus on forging meaningful partnerships with solutions that are fully compliant with co-brand Credit Card regulations has positioned us well to leverage this growth phase in the industry.”

Branding 78

Branding Cards Fintech Leadership 78

PYMNTS

JULY 11, 2017

The basis of innovation is not the desire to create something new or even the inspiration to do so. Innovation occurs where there is a problem and a person with the tools to solve it. Anyone can have a good idea,” Lowthers said; innovation is about what you do with it. PYMNTS: Where do you look for innovative ideas, and why?

Innovation 101

Innovation social media Security Leadership 101

PYMNTS

MAY 9, 2016

Last week, OnDeck, Kabbage and CAN Capital banned together to form the Innovative Lending Platform Association (ILPA), an advocacy group to champion increased transparency for small business borrowers in the alternative and marketplace lending sphere. Is the alternative lending space concerned about incoming regulation?

Regulation 100

Regulation Lending Capital Industry 100

Insights on Business

AUGUST 22, 2018

IBM RegTech Innovations. Regulatory change is growing in size and IBM’s innovative end-to-end GRC solution , powered by Watson, is enabling the financial services industry to meet this challenge. An innovative, end-to-end approach. IBM’s innovative technology , powered by Watson, offers that end-to-end approach.

Compliance 79

Compliance Innovation Technology Policies 79

Abrigo

FEBRUARY 8, 2022

Takeaway 1 NBFIs are agile and innovative and are competing head-to-head with traditional financial institutions. Takeaway 2 NBFIs should ensure their AML programs are sound and pass the scrutiny of FinCEN and their primary regulators. Stay up to date on regulations affecting NBFIs and other BSA trends. DOWNLOAD .

Compliance 195

Compliance Training Regulation Fraud 195

PYMNTS

OCTOBER 23, 2018

Open Banking regulations have gotten FinTech innovators’ brains churning over how to take advantage of the troves of data that traditional banks have typically kept locked away. With regulations like PSD2 and Open Banking emerging as ways to boost financial services competition, the bank-FinTech relationship has taken center stage.

Data 177

Data System Regulation Security 177

PYMNTS

SEPTEMBER 25, 2018

The report noted that there is no internationally agreed-upon definition of what that activity might be, but for the confines of the report, it includes “all credit activity facilitated by electronic [online] platforms that are not operated by commercial banks.” China was the largest market, yet volume has declined in recent periods.

Fintech 172

Fintech Lending United States Regulation 172

PYMNTS

SEPTEMBER 20, 2018

The financial services (FinServ) market is, by far, ahead of other industries when it comes to blockchain innovation and adoption, according to data released this year by PricewaterhouseCoopers (PwC). Asia is a particularly strong area of blockchain innovation, according to PwC, which predicted in its report that China will outpace the U.S.

blockchain 188

blockchain Innovation Tools Survey 188

ZootBlog

JANUARY 14, 2016

Over the past several years as banks focused on staying in compliance with myriad new regulations, innovation slowed—nearly to a standstill. In 2016 equilibrium will start to take place as the financial industry embraces the tremendous potential technology holds for them and innovation finds its way back.

Innovation 73

Innovation Industry blockchain Customer Experience 73

PYMNTS

JUNE 18, 2019

The company wants to continue to innovate payments solutions using ID and digital money technology. TokenOS, the company’s open banking platform, enables a global ecosystem of banks, their customers and developers to initiate payments and move money and information securely, instantly and frictionlessly worldwide.”.

Leadership 161

Leadership Customer Experience Innovation Capital 161

PYMNTS

SEPTEMBER 29, 2017

As banks look to pair with FinTechs to meet the treasury needs of their corporate customers, they’re also looking towards such innovators to integrate some of those same solutions in-house. Managing liquidity and credit risk are definitely of main concern to FIs. Staying Updated.

Fintech 141

Fintech Risk Management Compliance Management 141

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. Third-party incidents are difficult for CUs, as they do not have direct control over outside security practices.

Data 131

Data California Security Pennsylvania 131

CFPB Monitor

AUGUST 21, 2018

The report raises a number of issues with screen scraping while promoting the benefits of application programming interfaces (APIs) “that allow for the inclusion of robust security features, greater transparency and access controls for consumers, improved data accuracy, and more predictable and manageable information technology costs.”

Data 84

Data Report Regulation Security 84

PYMNTS

APRIL 10, 2020

There are several options that can be used to send real-time payments to claimants, but many offerings are still undergoing legal or security checks, Schmitt said. v has yet to build out support for more innovative mobile disbursement methods, but it does have the technical capacity to do so.

Mobile 198

Mobile Technology social media Customer Experience 198

Insights on Business

JANUARY 3, 2019

But while mobile devices give us great power and convenience, they also create new security and privacy challenges. Simultaneously, regulators and auditors are issuing new cybersecurity regulations and guidelines. Simultaneously, regulators and auditors are issuing new cybersecurity regulations and guidelines.

Risk Management 128

Risk Management Management Regulation Guidelines 128

PYMNTS

FEBRUARY 21, 2018

Singapore stepped onto the global stage as a world leader in blockchain innovation in recent months. Financial regulators may want to begin looking at not only regulating blockchain, but how blockchain can help in their own regulatory efforts — in this case, to ensure proper safeguards and controls in the banking sector.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

JULY 25, 2019

There’s definitely a benefit to having a global setup when it comes to fraud, because some of these fraud schemes are very elaborate, but… they [also] happen everywhere around the globe,” Kopp said in a recent interview with PYMNTS. CEO for German-native, fully digital, mobile-first challenger bank N26. operations.

Fraud 164

Fraud Marketing US Resources 164

NCR

DECEMBER 2, 2016

This is clearly an area with huge potential for growth and innovation, but as more and more financial institutions (FIs) jump on the biometrics bandwagon, one of the big concerns for law enforcement agencies and regulators will be the evolving threat of fraud. This is a significant milestone in the evolution of payments.

Security 40

Security Payments Cyber Security Regulation 40

PYMNTS

AUGUST 24, 2019

The move comes amid a general trend in all areas of payments and commerce to move beyond the limitations and security risks that come with older forms of ID authentication and verification. These teams are looking to mobile apps to innovate payments in a way that will revitalize purchases and the game experience.

Payments 161

Payments social media Mobile Seattle 161

PYMNTS

OCTOBER 24, 2018

When it comes to data privacy, it’s not all about General Data Protection Regulation (GDPR), and it’s not all about Europe. The aim may be to foster data privacy and protection while making sure that innovation can take place — but how to get there is open for debate, and some stakeholders want a national data-privacy law in place.

Data 122

Data US California Guidelines 122

PYMNTS

MAY 6, 2019

Some things are easy to identify as more or less mature at the moment, though, and there are definitely phases in development that can be identified. Yet, healthcare is also an intensely regulated space, which means there are many challenges in how to move, store and secure data that — by statute — must remain private.

Regulation 198

Regulation Data Examples New York 198

PYMNTS

JANUARY 22, 2018

There is another market segment, however, that similarly struggles to secure this Goldilocks effect, with products that aren’t too small and aren’t too large: the middle market. ” Perhaps one of the biggest challenges for this space is that the exact definition of the middle market isn’t exactly clear.

Management 116

Management Compliance Taxes Marketing 116

PYMNTS

JANUARY 3, 2020

FinTechs led this charge and fueled much of the innovation. Take a core business function – payments, for example – and then make it lightning-fast, less expensive and secure. It’s been definitively shown that businesses and individuals will pay reasonable fees or percentages to receive their funds instantly. Making Money Fast.

Payments 151

Payments Fraud Fintech Security 151

FICO

JANUARY 18, 2023

The third annual State of Responsible AI in Financial Services report released today, alerting the industry to come together and self-regulate its use of AI. More than ever, I believe this year’s report sounds the alarm bell for financial services firms, signaling that the industry must come together to self-regulate its use of AI.

Analytics 52

Analytics San Diego Regulation Compliance 52

PYMNTS

MAY 10, 2016

officials to combat fraud, Ashdown also discussed who carries the torch of responsibility when it comes to fighting this kind of security lapse in the enterprise. We were definitely concerned by the scale of the problem,” the executive said, adding that the financial losses reported by these companies in the survey are “staggering.”.

Fraud 100

Fraud Compliance Security Industry 100

CFPB Monitor

JUNE 5, 2019

The provisions requiring Wyoming’s Banking Commissioner and Secretary of State to adopt implementing regulations became effective on February 19, 2019. In May 2019, the OCC issued a proposal to create a “sandbox” through an Innovation Pilot Program, and in December 2018, the CFPB issued a proposal to create a “Product Sandbox.”.

Wyoming 60

Wyoming Fintech Arizona Financial Technology 60

Abrigo

DECEMBER 10, 2019

Many seniors are uncomfortable with on-line banking and other innovative banking tools, including drive-through banking, so any decline in a client’s financial situation or personal demeanor can be detected by the financial institution front line staff. BSA Rules and Regulation. BSA Rules and Regulation. Cannabis Banking.

Fraud 284

Fraud Study United States Training 284

PYMNTS

DECEMBER 29, 2017

But 2017 saw a definite shift to groups and individuals wanting to unplug by traveling to more remote or unfamiliar locations, including small islands and rural areas. Some cruise companies made a big effort to lure younger travelers by offering more adventurous and innovative choices. Unplugging. Navigating Multiple Travel Bans.

United States 123

United States Alaska Meeting California 123

PYMNTS

APRIL 3, 2018

The firms oriented toward innovation are not necessarily the biggest ones. When it comes to a technology like this, you can definitely get some traction being early to market [or] first to market. As for narrowing down services, there’s a plethora from which to choose.

Video 100

Video Millennials Innovation Marketing 100

Insights on Business

JULY 20, 2017

I wasn’t particularly inspired by the Wikipedia definition , so I’ll give you mine. Regulations, such as Payment Services Directive (PSD2), are forcing banks to “open up”, enabling customers to easily share data with third parties. How can you exchange sensitive data in a way that is both secure and transparent? Next steps.

Fintech 181

Fintech Mobile Examples Data 181

PYMNTS

MARCH 27, 2017

The rise of APIs in banking and FinTech can unlock greater usability of innovative solutions but also presents some difficult questions for the space. There are some processes within the ACH Network, regarding how the banks talk to and work with one another that are still quite manual,” he explained, “and they can definitely be improved.

Groups 100

Groups Fintech Innovation Industry 100

PYMNTS

SEPTEMBER 4, 2020

Eater also noted that “Only three tables are available at any given time for the experience,” and that it’s pay-in-advance to secure Keller’s post-pandemic epicurean splurge. As reported by Eater San Francisco, “the restaurant announced Wednesday (Sept. In New York City, still considered the epicenter of COVID infection in the U.S.

Boston 205

Boston San Francisco New York City Portland 205

PYMNTS

JUNE 29, 2017

The most notable trend for Anovia is the definition of the ISO,” Jones said. Our market environment has become so much more complex because of the evolution of technology, regulation and data security. Traditionally, the ISO was the sales and marketing driver for our industry.

Payments 143

Payments Retail Branding User Experience 143

PYMNTS

DECEMBER 6, 2016

With the onset of the IoT and a greater focus on innovation, it’s clear the automotive industry is quickly moving toward the opportunity for greater efficiency, McCammon said. The Innovation Roadmap. A Connectivity Perspective. According to McCammon, as much as 60 percent of a car’s value is defined by software-related features.

Industry 100

Industry Software Detroit Innovation 100

PYMNTS

MAY 6, 2019

Some things are easy to identify as more or less mature at the moment, though, and there are definitely phases in development that can be identified. Yet, healthcare is also an intensely regulated space, which means there are many challenges in how to move, store and secure data that — by statute — must remain private.

Regulation 100

Regulation Data Examples New York 100

PYMNTS

JULY 11, 2016

. “Almost every bank on the planet now has their blockchain exploration division,” McCaleb recently told PYMNTS about the rise of banks’ partnerships with blockchain innovators like Stellar. “They definitely see the writing on the wall that the world is moving in this direction.”

blockchain 100

blockchain Compliance Security Technology 100