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AML Compliance Controls Can Be Costly

PYMNTS

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies. banks have to analyze AML regulations before even beginning to innovate, and the rules in question change often.

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An interview with Tom Blomfield, co-founder of Monzo

Chris Skinner

After studying law at Oxford, he went back to business and is now Co-Founder and CEO of digital bank Monzo. He lasted one day in the cold December rain before convincing the guys that leaflets were old school and they really needed a website, which Tom then built and still exists today. What really stands Monzo apart?

Study 283
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Does Anyone Outside PR Firms Think Surveys Are Newsworthy?

Tech and Finance

I publish occasionally at the Articulate Communications blog on issues of financial technology, banking and associated public relations and marketing topics. In the past I have written about design thinking, how to avoid bank PR-speak and whether banking and innovation belong in the same sentence.

Survey 28
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Getting Mobile Ready

Independent Banker

Meanwhile, a number of other financial technology firms received major funding and rolled out new alliances and products. So where do ballyhooed mobile banking and payments developments among the biggest players leave community banks? Epperson, a managing director at the global business advisory firm AlixPartners LLP.

Mobile 105
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From ACH To IoT: Looking Back On A Year Of Trackers

PYMNTS

The most recent Tracker featured several virtual reality (VR) headlines, as a study from Augment found that VR and augmented reality (AR) have the potential to transform the online retail industry, and the online retail player seemed to embrace the news, debuting a home design VR app. DIGITAL BANKING TRACKER.

Retail 123
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37 Corporate Innovation Labs In Finance

CB Insights

As fintech plays a larger role in the financial ecosystem, companies are looking for ways to use tech to solve problems and find new opportunities in the space. One popular approach: in-house financial innovation labs. Visa — One Market Center. Founded: 2013.