Perficient

JUNE 1, 2023

We also enable clients to use Writer’s snippets to follow strict compliance regulations and efficiently include disclosures in their Sales and Marketing. Boost operational efficiency and rapid scalability by effortlessly generating new documents using existing data and content with the help of AI-powered document creation.

Compliance 251

Compliance Industry Regulation Data 251

PYMNTS

JANUARY 14, 2021

Saudi Arabia’s Open Banking Plan Aims To Advance Digital Innovation. SAMA is debuting an open banking policy to further digital innovation in the financial services space. The country’s central bank said the plan is for open banking to go online in the first half of next year.

Innovation 138

Innovation Policies Groups Payments 138

PYMNTS

JANUARY 17, 2020

Critics say that stringent data protection laws like the EU’s could hinder innovation around AI, but EU officials say they want to harmonize and streamline rules in the region. Facial recognition is among the things the EU might look at regulating. The paper is part of a broader effort by the EU to catch up to the U.S.

Regulation 131

Regulation Regional Technology Innovation 131

PYMNTS

NOVEMBER 9, 2018

percent of retailers have said they innovate to improve customer loyalty. That, in fact, is one of the main findings in the new Retail Innovation Readiness Index from PYMNTS, powered by FinTech firm AEVI. Things have changed, though, he said — one reason why that innovation finding carries such weight. “I Innovation Divide.

Innovation 174

Innovation Retail Maine Security 174

Banking Exchange

SEPTEMBER 15, 2021

Community bank-focused document is designed to guide companies through the innovation process Community Banking Feature3 Feature M&A Management.

Community Bank 78

Community Bank Regulation Community Fintech 78

PYMNTS

DECEMBER 18, 2020

The new regulations, if adopted after a comment period, would require banks and some other institutions to obtain and report the identities of parties engaging in certain digital transactions, including payments involving what are called "unhosted wallets" – effectively secret bank accounts that hold cryptocurrency.

Bitcoin 354

Bitcoin US Regulation cryptocurrency 354

PYMNTS

JANUARY 26, 2021

The partnership aims to create a secondary credit market that is transparent and efficient and makes it easy to manage credit and digitally store documents, loan history and due diligence activities, preventing “information asymmetry risks,” the release stated. Diokno, Philippines’ Central Bank (BSP) governor in the release.

blockchain 244

blockchain Guidelines cryptocurrency Marketing 244

Perficient

JANUARY 23, 2024

The COVID-19 pandemic prompted several unprecedented shifts in society, notably impacting the workplace and necessitating the adoption of innovative technologies that facilitate collaboration and efficiency in a work-from-home (WFH) environment. This post has been updated to reflect FINRA Regulatory Notice 24-02, issued January 23, 2024.

Compliance 221

Compliance Regulation Industry Maine 221

CFPB Monitor

AUGUST 10, 2021

The California Department of Financial Protection and Innovation (DFPI) has issued proposed amendments to its regulations implementing the Pilot Program for Increased Access to Responsible Small Dollar Loans (Pilot Program). Initially effective from 2014 to2018, the Pilot Program’s sunset date was extended to January 1, 2028.

California 78

California Regulation CA Innovation 78

Perficient

JANUARY 3, 2024

The COVID-19 pandemic prompted several unprecedented shifts in society, notably impacting the workplace and necessitating the adoption of innovative technologies that facilitate collaboration and efficiency in a work-from-home (WFH) environment.

Compliance 221

Compliance Risk Management Regulation Industry 221

PYMNTS

MARCH 20, 2018

Regulators from around the world are teaming up to create a blueprint for a global FinTech “sandbox.”. Later this week we start work with interested regulators, including colleagues across Europe, the U.S. Later this week we start work with interested regulators, including colleagues across Europe, the U.S.

Regulation 130

Regulation Fintech Regional Guidelines 130

PYMNTS

MARCH 21, 2019

Not an entirely surprising fact, given that it is the collision of two highly specialized and extremely regulated worlds. Large providers, drug manufacturers and insurance firms have big innovations that are moving them away from checks. The Foundation For Innovation.

Innovation 152

Innovation Payments Regulation System 152

Abrigo

JUNE 10, 2020

Adequately staffed and risk-focused AML resources with good documentation are critical. LaFontaine failed to take sufficient action when presented with significant AML program deficiencies in the Bank’s SAR-monitoring system and the number of staff to fulfill the AML compliance role by his AMLO [AML Officer],” the document said.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

JULY 22, 2019

Others are just looking for a way to even be able to comply with KYC [know your customer] regulations as they are trying to remotely enroll unbanked consumers.”. The Latin American market isn’t going to slow down — not from an innovation standpoint, and not from a regulatory standpoint. Meeting A Dynamic Market .

Innovation 161

Innovation Payments Regional America 161

Accenture

MARCH 23, 2017

I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. We think about RegTech as technology that lowers the “cost” (technical, physical, monetary) of regulation by using technology. Regulators have a key role to play, too. Now—what does RegTech mean?

Regulation 150

Regulation Industry Trends Compliance 150

Accenture

MARCH 23, 2017

I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. We think about RegTech as technology that lowers the “cost” (technical, physical, monetary) of regulation by using technology. Regulators have a key role to play, too. Now—what does RegTech mean?

Regulation 150

Regulation Industry Trends Compliance 150

BankUnderground

MAY 15, 2024

These models form the bedrock of revolutionary technologies like large language models (LLMs), opening up new ways for regulators, such as the Bank of England, to analyse text data for prudential supervision and regulation. Analysing text data forms a core part of regulators’ day-to-day work.

Training 68

Training Regulation Policies Data 68

CFPB Monitor

AUGUST 15, 2018

Last week the CFPB announced an initiative to create a Global Financial Innovation Network (GFIN) with 11 other financial regulators and related organizations across the globe. The GFIN working group is encouraging responses and feedback from interested parties to 10 questions posed within the Consultation Document by October 14, 2018.

Regulation 68

Regulation Fintech United States Innovation 68

South State Correspondent

MAY 18, 2023

The Start of Our Generative AI Journey “Tate,” a contraction of SouthS tate, was a brainchild of our Spark Innovation group, a team of 35 employees from various sections of the Bank brainstormed a use case, created personas, outlined a user journey, and then developed an action plan. In these sessions, you can dream.

US 195

US Training Examples Data 195

PYMNTS

JUNE 27, 2017

He also offers advice for how to innovate in the field. Here is an excerpt of the conversation: PYMNTS: How would you define your company’s approach to innovation? PYMNTS: Where do you look for innovative ideas, and why? PYMNTS: What is the most innovative thing you’ve ever done? JB: Innovation often means taking a risk.

Innovation 145

Innovation System Mobile Trends 145

PYMNTS

SEPTEMBER 18, 2019

The investigation surfaced when the CFPB posted documents on the web that covered its wrangling with the firm. A lawyer for the bank reportedly said in one of the documents that the bank determined specific cases of “potentially unauthorized credit card accounts.” It was also reportedly asking the agency to close the probe.

America 172

America Cards Regulation Innovation 172

PYMNTS

JUNE 20, 2019

Roughly one-third (35 percent) have made data analytics investments over the past three years, according to the Credit Union Innovation Playbook. Also, credit unions that focus on data analytics are more likely to pursue a wider range of innovations than those that do not. Despite innovations like AI and mobile video banking — 59.9

Innovation 100

Innovation Cards Analytics Video 100

PYMNTS

MARCH 21, 2019

Not an entirely surprising fact, given that it is the collision of two highly specialized and extremely regulated worlds. Large providers, drug manufacturers and insurance firms have big innovations that are moving them away from checks. The Foundation For Innovation.

Innovation 100

Innovation Payments Regulation System 100

PYMNTS

SEPTEMBER 6, 2019

Why Invisible Will Make 2020’s Payments Innovation Roar. Two hundred and seventy-four years later, those words are the perfect framework for understanding what will define the next decade of innovation in payments and any ecosystem that touches it. Regulators Taking Close Look At Payroll-Advance Apps. Trackers and Reports.

Innovation 116

Innovation Payments Apple United States 116

Abrigo

SEPTEMBER 11, 2023

While leaders must learn and stay informed about innovations, it’s helpful to remember in the process that they often result in life-changing improvements for our businesses and our consumers. Take the financial services industry as an example.

Risk Management 195

Risk Management Data Technology Fintech 195

PYMNTS

NOVEMBER 25, 2020

In one example, Qantas’ CEO said that international travel likely won't get back to normal without compulsory vaccinations, and that international travelers on the airline must have that documentation in place. Centers for Disease Control and Prevention (CDC), noted in the release.

New York 326

New York Resources Course Data 326

PYMNTS

SEPTEMBER 10, 2018

Long before innovators began talking about the power of ecosystems to transform commerce, scientists spent centuries studying them under microscopes in their labs. Decomposer for innovator large or small, established or emerging. An Ecosystem By Any Other Name. Substitute producer for buyer or supplier. Consumer for the end user.

Innovation 146

Innovation Cards Payments San Francisco 146

PYMNTS

MAY 14, 2020

The result has led to a surge in digital ID innovation, with businesses in all sectors relying on both artificial intelligence (AI) and biometrics to verify consumers remotely from the safety of their own homes. Trust & Will Deploys AI-powered Digital Solutions To Innovate Estate Planning. About The Tracker.

Fraud 247

Fraud Meeting Innovation New York 247

PYMNTS

DECEMBER 8, 2020

. Traditional bank account opening methods have long involved visits to branches and face-to-face meetings with officials in which physical identification documents are presented. Capital Float On Using Video-Based KYC To Boost Onboarding, Satisfy Regulators. About The Tracker .

Video 211

Video Report Meeting United States 211

CFPB Monitor

JUNE 15, 2022

The California Department of Financial Protection and Innovation (DFPI) has issued proposed regulations to implement provisions of the California Consumer Financial Protection Law (CCFPL) pertaining to consumer complaints and inquiries. Comments are due by July 5, 2022.

California 78

California Regulation Report Policies 78

Abrigo

JULY 16, 2021

Takeaway 2 Regulations haven't been written, but there are steps community financial institutions can take now to prepare. While these are general today, the AMLA requires that regulations be written around each Priority, as appropriate. Until regulations have been released and go into effect, regulatory expectations remain unclear.

Community 195

Community Regulation Training Policies 195

PYMNTS

JUNE 11, 2020

Social distancing restrictions implemented to curb the virus’s spread are preventing compliance professionals from obtaining physical identification documents and holding in-person meetings that typically enforced anti-money laundering/know your customer (AML/KYC) compliance. Digital Innovation, Legal implementation.

Compliance 186

Compliance Guidelines Meeting Tools 186

CFPB Monitor

FEBRUARY 9, 2021

The California Department of Financial Protection and Innovation (DFPI) announced last week that it has launched an investigation into whether student-loan debt-relief companies operating in California are engaging in illegal conduct under the California Consumer Financial Protection Law (CCFPL) and Student Loan Servicing Act (SLSA).

CA 78

CA Company Innovation California 78

CFPB Monitor

SEPTEMBER 12, 2022

On September 9, 2022, the California Department of Financial Protection & Innovation (the “DFPI”) released a Notice of Proposed Rulemaking Action that proposes to adopt regulations implementing the Student Loan Servicing Act (section 28100, et seq.) The comment period for the proposed regulations will close on October 28, 2022.

California 78

California Regulation Innovation Payments 78

PYMNTS

DECEMBER 5, 2018

The funding will be used to hire staff, “build out our infrastructure and secure the appropriate steps are taken to develop a regulated market for digital assets,” said ErisX Chief Executive Officer Thomas Chippas, according to Reuters. A new document shows that the U.S.

blockchain 166

blockchain Bitcoin cryptocurrency Analysis 166

Abrigo

MARCH 7, 2022

Experts weigh in on regulatory hot topics for 2022 Review these 10 insights into what regulators are looking for in 2022 to help your financial institution pass exams with flying colors. Takeaway 1 Regulators have increased their focus on BSA in the first quarter of 2022, and the crisis in Ukraine will put OFAC in the spotlight.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

PYMNTS

DECEMBER 23, 2020

The road to mainstream acceptance of cryptocurrencies will still have its bumps, its potential roadblocks set in place from regulators. At the heart of it all might lie a jousting existential in nature — namely, between the companies that create and issue cryptos and the agencies that regulate them.

cryptocurrency 234

cryptocurrency Security Bitcoin Regulation 234