Celent Banking

OCTOBER 12, 2016

This is the definition of operational risk. Therefore, it makes sense to tackle cyber risk with the same tools you use to manage operational risk. We continue to prove that the approach of the IT department managing cybersecurity is not working.

Risk Management 100

Risk Management Operations Management Security 100

Gonzobanker

JULY 6, 2021

It has become crystal clear that digital transformation is now the largest technology initiative for regional and community financial institutions. It also requires both top-down and bottom-up commitment as the institution will be breaking down departmental siloes and developing new ways of managing risk.

Strategy 156

Strategy System Risk Management Technology 156

ABA Community Banking

JANUARY 15, 2019

The classic definition has three parts. Feature Management Technology Risk Management AML & Fraud Tech Management Cyberfraud/ID Theft Feature3 Fintech. What is money?

Risk Management 40

Risk Management Fraud Fintech Management 40

PYMNTS

NOVEMBER 2, 2017

Risk, of course, is a broad term, and Davey added that there are additional risks like financial, liquidity, operational and more. All of these risks change as companies grow, expand across borders and implement new technologies. That’s definitely something that is front and center in our industry.”.

Innovation 100

Innovation Risk Management Security System 100

CFPB Monitor

AUGUST 13, 2021

According to Nacha, the amendments are intended to facilitate adoption of new ACH payments technologies, increase consistency for authorizations, reduce administrative burdens related to authorizations and provide additional flexibility for ACH Originators. The amendments become effective on September 17, 2021.

Risk Management 78

Risk Management Operations Payments Video 78

PYMNTS

JUNE 10, 2016

“What we’re seeing is that [FIs] are putting in place a more rigorous process to make sure suppliers that are onboarded also have very strict and rigorous risk management protocols in place,” Cotter said. Whereas, for a lot of FIs, risk management has definitely become a board-level issue.”

Management 100

Management Risk Management Software Analytics 100

PYMNTS

AUGUST 10, 2017

From user interface technology to security and risk management, the only constant in the financial space is that nothing stays the same for long. Apart from significant investments in marketing, there are two critical components for the long haul: technology and working capital.

How To 136

How To Risk Management Technology US 136

PYMNTS

MARCH 20, 2018

Furthermore, there is evidence that accountants – many of whom may have initially feared the consequences of technology – are now acting as the catalyst for small business tech adoption. Technology is great, but it cannot replace the human element. Artificial intelligence is definitely coming into this industry,” he said. “I

Meeting 119

Meeting Technology Taxes Tools 119

PYMNTS

JUNE 8, 2020

It’s happening in the B2B space as well, and not a moment too soon, as many B2B systems are in definite need of an upgrade — and could learn a thing or two from the consumer side. Cloud platforms are also helping firms secure APIs with built-in capabilities that apply security policies through nonintrusive policy enforcement.

Security 130

Security Policies Fraud System 130

PYMNTS

SEPTEMBER 20, 2018

Regulations are driving the trucking and logistics industry to adopt cutting-edge technologies. “There’s definitely a market out there. That statistic may signal the cash flow challenges that members of the trucking industry endure as they wait to see their invoices get paid.

Industry 158

Industry Tools Regulation Management 158

PYMNTS

AUGUST 3, 2017

The latest funding round will help Dianrong automate those branches, news reports said, and upgrade them with its technology. “We’re going to increase our risk management capabilities and continue to automate,” Htite added. “We’re also going to speed up some of the R&D projects.”

Risk Management 101

Risk Management Lending Management blockchain 101

Perficient

MAY 27, 2022

Maintaining a service provider oversight program to address risks to service provider relationships. A firm that meets the definition of “investment adviser” must register with the SEC unless certain exemptions or exclusions apply or it does not meet a minimum size threshold.

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

PYMNTS

NOVEMBER 17, 2017

As part of that evolution, technology comes into play, as does the opportunity to deepen relationships to the advantage of both the banks and their customers. We have definitely seen instances where community banks are innovating to meet the unique needs of their customer base,” he told PYMNTS.

Community Bank 115

Community Bank Community Cards Lending 115

PYMNTS

JANUARY 12, 2017

Even with the best technologies, banks are still risk-averse by nature.”. As for faster payments, banks first want to fully understand the risk they are taking with a particular merchant before they invest in extending new offerings, McShirley said. I’m definitely not for the status quo,” said McShirley.

Payments 100

Payments Risk Management Community Bank Community 100

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. BS: At the core of our existence, WEX is focused on building solutions that lie at the intersection of payments, data and technology. Here is an excerpt of the conversation.

Innovation 123

Innovation Payments Technology Security 123

Independent Banker

AUGUST 26, 2015

Paperless document-signing technology is growing among banks and consumers. But with the emergence of electronic signature technology, we’ve had to rethink some of assumptions. However, the adoption of electronic signature technology hasn’t been an easy undertaking. By Mark Pfeifer.

Community Bank 70

Community Bank Minneapolis Community Online 70

PYMNTS

FEBRUARY 28, 2020

credit unions have invested in anti-malware, firewalls and other technologies to protect members’ personal data, but such measures are reactive. Credit unions are nonprofit, but many experts agree that they fit the legal definition of businesses and would be subject to the CCPA. CUs’ Tools To Secure Member Privacy .

Data 131

Data California Security Pennsylvania 131

Abrigo

JULY 30, 2019

The loan committee uses the credit memo in deciding whether to approve the loan, so the lender wants to put forth an accurate and complete picture of the borrower -- not only for the borrower’s sake, but also for the financial institution’s risk management. Stay away from that adjective and instead, give more facts,” she says.

Analysis 150

Analysis Data Risk Management Lending 150

Insights on Business

JUNE 28, 2018

Use the right technology. But different AI tools require different technology combinations. More information about AI processes can be found in the report, Demystifying Artificial Intelligence in Risk and Compliance , by Chartis Research with research partner IBM. Trader surveillance and control: Tier 1 US capital markets firm.

Compliance 70

Compliance Case Study Analysis Analytics 70

CB Insights

NOVEMBER 21, 2019

Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. Accounting and expense management. Canadian fintech companies raised $251M through the end of H1’19, nearly double the $133M raised in H1’18. Click on the image to enlarge. Company subcategories.

Fintech 93

Fintech Marketing US Technology 93

FICO

DECEMBER 10, 2020

In 2021 I believe AI will cross the chasm, becoming a reliable and safe, mainstream business technology — but maybe not how, or for reasons why, you might expect. As for the last point, domain-specific machine learning microservices provide instant access to machine learning technology that is pre-built for a specific problem.

Analytics 98

Analytics Fraud Data Software 98

PYMNTS

MARCH 5, 2018

More recently, the Association for Financial Professionals’ (AFP) 2017 Risk Survey found nearly half of businesses say their exposure to uncertainty is higher than it was three years ago, and 51 percent say forecasting risks will be more difficult three years from now than it is today. Payment Shifts.

Payments 105

Payments Strategy Fraud Survey 105

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. By Katie Kuehner-Hebert. Data privacy and security is a hot topic and is only getting hotter. Effective Jan.

Data 91

Data How To Community Bank California 91

Insights on Business

DECEMBER 7, 2016

With the rapid mass adoption of digital, mobile and other innovative technologies, fintech is forcing banks and other financial service organizations to modernize and to keep up with technology advancements that are accepted in other industries. Joanne Friedman , PhD., CEO at ConneKted MInds Inc.

System 70

System Fintech Innovation Industry 70

Insights on Business

MAY 30, 2018

Obviously, when you start dealing with risk, and you’re part of a huge organization with a team of only 50 people, you start by engaging the F first line of defense. Over the past decade, things started to change as the responsibility of the risk team grew. So they start to be able to make decisions based on risk for their business.

Compliance 87

Compliance User Experience Innovation Risk Management 87

PYMNTS

JANUARY 27, 2017

All told, bits of paper and plastic that help definitively state that you are who you say you are. In an age where bits and bytes are continually encroaching on the things we carry, the question becomes: How are our digital identities shaped, and just who (or what) should hold the key to managing those identities? And in the U.S.,

blockchain 100

blockchain Security Guidelines Fraud 100

Gonzobanker

AUGUST 17, 2016

With an increasing industry focus on finding opportunities for revenue growth, BI comes up all the time in conversations of both strategy and technology. Anyone running a BI team knows that managing technology is easier than setting specific priorities across the enterprise. The technology solutions available are ever changing.

Leadership 60

Leadership Tools Big Data Risk Management 60

FICO

DECEMBER 15, 2020

One of the basic concepts of fraud protection is to determine what’s normal, what’s not, and how consumer behaviors are changing both of those definitions. Architecturally, FICO converges the functionality of fraud and compliance systems, catalyzing the replacement of back-office “backplane” technology.

Fraud 52

Fraud Compliance Management Software 52

FICO

JULY 30, 2019

Data sharing for these purposes should be non-competitive: fraud is everybody’s problem, but still relies on a common definition of what data to share, where to securely host the data, how regularly it should be updated and what mechanisms are available to access the consortium data.

Fraud 52

Fraud How To Analytics Analysis 52

PYMNTS

JUNE 7, 2018

It’s not enough to be very good at one element of the business – firms have to be good at operational functions, risk management, capital management, compliance and product to keep from being dragged down by bad loan performance. Factoring is a tough product and hard to manage entirely online,” he noted. Who They Serve.

Lending 124

Lending Tools Management Risk Management 124

FICO

MARCH 26, 2018

Can you seamlessly blend technology that automates customer management with your human-led customer engagement to drive the best possible outcomes? Does your operating plan for case management include visibility into complex cyber, compliance and fraud threats? Understand where your threat vectors originate.

Fraud 86

Fraud Management Strategy Analytics 86

Gonzobanker

DECEMBER 22, 2014

EVP: I definitely think we should build here as long as we can be assured that we can get the talent that we need long term. THE TECHNOLOGY AWARDS. The Technology Company that Caused the Most Project Heartache in Bank I.T. Technology Services. Risk Management. ??? Cornerstone: Okay, let me back up a second.

Los Angeles 101

Los Angeles Apple Risk Management California 101

Gonzobanker

NOVEMBER 17, 2016

This year’s Money 20/20 event in Las Vegas drew a massive attendance with 11,000 individuals, 4,500 companies, tons of new technology, and a mind-blowing expanse of collective brain power. Alipay, China’s “Global Lifestyle Super App,” is definitely on Cornerstone’s radar.

Payments 60

Payments Las Vegas Risk Management Cyber Security 60

FICO

JANUARY 8, 2020

“ It’s like déjà vu all over again ,” is one of my favorite Yogi Berra-isms, and as I look across the domain spaces served by FICO to write my 2020 predictions, it’s definitely déjà vu all over again. Specifically: Cybersecurity risk awareness is on another expansion wave, as a best-practice component of third-party risk management (TPRM).

Compliance 52

Compliance Fraud New York City Analytics 52

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. Notably, Utah’s definition expressly includes blockchain technology. Utah is also home to a thriving technology sector with extensive government support.

Utah 60

Utah Arizona Regulation Innovation 60

Jeff For Banks

AUGUST 1, 2015

In sports, you can never be the hero without the risk of being the goat. In our risk management meetings deep within the bowels of headquarters, we work diligently to avoid being the goat, never allowing us to be the hero. I've called this vision, future-picture, high definition destination, and aspiration.

Strategy 60

Strategy New Jersey System Risk Management 60

PYMNTS

SEPTEMBER 11, 2017

B ut once the secrets are public knowledge, you clearly cannot trust that information anymore — by definition, it is no longer a secret.” . Put another way: Corporate laggards in the move to embrace change and technology in digital identity are going to wind up as bear snacks. In an interview with PYMNTS’ Karen Webster, ID.me

Fraud 136

Fraud Data Course Security 136