PYMNTS

SEPTEMBER 28, 2020

The ongoing pandemic has caused many regulators in the MENA region to examine the digital and open banking infrastructure they have in place. The aim of doing so is to create a more robust framework for digital banking. The country’s Data Protection Law was announced in 2019 and officially came into effect in July 2020.

Online 151

Online Report Payments Regulation 151

PYMNTS

JUNE 15, 2020

In today’s top news, ByteDance joins the race for one of Singapore’s five digital banking licenses, and American Express has received initial approval to process transactions in China. TikTok’s ByteDance Bids For Singapore Banking License. Senate Committee To Consider Telehealth’s Future.

Guidelines 131

Guidelines Payments Digital Banking Company 131

PYMNTS

OCTOBER 27, 2019

The announcement of the blockchain-based solution comes in the wake of Mastercard outlining guidelines for blockchain development earlier this month. Those guidelines include the need for consumer protection and regulatory compliance. This will help to lower operational costs and investigation expenses,” she told Webster.

blockchain 101

blockchain Guidelines Fintech Fraud 101

PYMNTS

OCTOBER 27, 2019

The announcement of the blockchain-based solution comes in the wake of Mastercard outlining guidelines for blockchain development earlier this month. Those guidelines include the need for consumer protection and regulatory compliance. This will help to lower operational costs and investigation expenses,” she told Webster.

blockchain 100

blockchain Guidelines Fintech Fraud 100

PYMNTS

OCTOBER 14, 2019

If a bank flags transactions over a certain limit, for example, a bad actor can easily avoid making transactions that surpass it. The continued globalization of digital banking is another issue, enabling quick money movement that can be used by legitimate businesses as well as cybercriminals. Bad actors also tend to use the U.S.

Strategy 109

Strategy Innovation Fraud Regulation 109

PYMNTS

MAY 25, 2020

The ongoing COVID-19 pandemic is significantly affecting everyday life, with more than one-third of the world’s population subject to social distancing guidelines, stay-at-home orders or other regulations to prevent the virus’s spread. This puts them at risk of schemes that involve submitting personal information to unauthorized sources.

Fraud 167

Fraud social media Security Guidelines 167

PYMNTS

NOVEMBER 4, 2020

In its March 2020 brief “Developments in Open Banking and APIs: Where Does the U.S. the Federal Reserve Bank of Boston said, “To date, U.S. regulators have taken a more hands-off approach by issuing non-binding guidelines, thus allowing industry stakeholders to pave the way forward.

US 171

US Boston Regulation Data 171

PYMNTS

JULY 23, 2020

Brazilian lawmakers have been developing open banking plans since 2019, for example, outlining rough guidelines to be enacted late this year. Growing interest in open banking typically coincides with the expanding use of online financial platforms and tools. The creation of open banking initiatives in the E.U.

America 165

America Regulation Regional Tools 165

Gonzobanker

JUNE 26, 2020

Eighty-one percent of FI executives surveyed by Digital Banking Report believe there will be an even greater remote working opportunity in the future. Meanwhile, bank and credit union customers are learning, by necessity, how to access their accounts, sign critical documents and close on loans without going to a branch.

Survey 158

Survey Exercises Guidelines Operations 158

PYMNTS

OCTOBER 17, 2018

This forces many operations to continue using cash. GFA, however, will offer basic financial tools to these businesses, including access to online banking, checking accounts, debit cards, cash management and payroll services. “If We want to make sure every ‘t’ is crossed and every ‘i’ is dotted,” Sbrega said.

Colorado 126

Colorado Massachusetts US Industry 126

Insights on Business

NOVEMBER 20, 2017

The Central Banking authorities like the U.S. Federal Reserve Bank are enabling their member banks with guidelines by being an advocate, educator, and, more importantly, a change agent to influence payments system policy and direction. Being a truly digital bank is real. These are truly interesting times.

Payments 79

Payments Guidelines Digital Banking Industry 79

Insights on Business

OCTOBER 11, 2018

This movement — core to cloud — is essential for banks seeking to modernize their legacy systems and become agile and flexible. This is especially true if they’re going to compete with new digital banks and platform companies that are unhindered by the legacy applications and infrastructure.

Meeting 111

Meeting Customer Experience System Guidelines 111

FICO

SEPTEMBER 19, 2022

Some say these new contact guidelines from Regulation F put customers in the driver’s seat. Banks and financial institutions have always sought to gain a realistic awareness of their customers’ wants, needs, likes, and dislikes. But the reality is that they have never left that seat. See all Posts. chevron_left Blog Home. Average U.S.

Millennials 52

Millennials Compliance Regulation Operations 52

Gonzobanker

JUNE 25, 2021

With the increase in digital adoption, the demand for live agent support is stronger than ever. Today’s agents are resolving lengthier and increasingly technical issues, and turnover remains a fact of life in even the very best-run operations. The cost, both direct and indirect, of attrition is high. Technology.

Customer Experience 94

Customer Experience Fraud Policies Training 94

Gonzobanker

APRIL 20, 2020

As banks evolve to a digital-centric operating model, one of the laments Cornerstone often hears from our clients is, “Compliance won’t let us do that.” The reality is that both financial institutions and fintech solutions providers can drive better customer experience and still be compliant in a digital world.

Compliance 78

Compliance Customer Experience Guidelines Technology 78

FICO

MAY 6, 2022

Following the highly successful The 11 Commandments of Digital Banking eBook , we are completing our series of 5 deeper dive blog posts that group the 11 Commandments below into common themes: Digital lift-and-shift is not a strategy! Read my post: 11 Commandments of Digital Banking: The Customer Journey.

Digital Banking 52

Digital Banking System Data Customer Experience 52

PYMNTS

JULY 15, 2016

These products are, in fact, the underpinning for pure play digital banking services offered by innovators like Chime or Green Dot. “The lines become very blurry,” Fauss told Webster.

Cards 100

Cards Millennials Regulation Cyber Security 100

PYMNTS

MAY 1, 2020

Open banking developments were impacting customers’ interactions with their banks before the COVID-19 pandemic. have passed laws or implemented programs over the past two years to put more focus on digital banking and data security, fundamentally changing how online transactions work. Consumer Trust Drives Open Banking .

Innovation 245

Innovation Regulation Digital Banking Security 245

PYMNTS

NOVEMBER 9, 2020

In its March brief “ Developments in Open Banking and APIs: Where Does the U.S. the Federal Reserve Bank of Boston said, “To date, U.S. regulators have taken a more hands-off approach by issuing non-binding guidelines, thus allowing industry stakeholders to pave the way forward.

Fintech 285

Fintech Data Regulation Innovation 285

CB Insights

OCTOBER 21, 2018

All 2017 Fintech 250 companies remain active and in operation, when our own research shows that 67% of funded startups fail or stall. Core Banking & Infrastructure. Digital Banking. Click here to access all 250 companies on CB Insights’ platform. Business Lending & Financing. Deposit Solutions.

Fintech 78

Fintech Lending Capital Analytics 78

PYMNTS

DECEMBER 17, 2019

Payments technology company VoPay announced a partnership with Hydrogen, based in New York, in a move that sees Hydrogen providing FinTech firms with access to VoPay’s digital bank payment capabilities via Hydrogen’s API.

Metro 136

Metro Regional Fintech National 136

Independent Banker

AUGUST 1, 2016

For both consumers and businesses, banks need to have the file in process no later than 2:45 PM ET, which may mean earlier cut-off times for your system if you are originating Same Day ACH files. Many digital banking solutions will give bank customers the ability to initiate Same Day ACH payments. Mark Dittman, IBT CEO.

System 70

System Digital Banking Management Operations 70

PYMNTS

NOVEMBER 20, 2020

operations should be examined on antitrust concerns. As reported, the deal would create the fifth-largest bank in the U.S. Separately, Senator Elizabeth Warren last month wrote a letter to the Department of Justice urging an examination and strengthening of bank merger review guidelines.

California 283

California Regional Google Guidelines 283