Insights on Business

JULY 30, 2019

An example is the IBM Workspace Analyzer for the Enterprise solution. The offering is built on the IBM Workspace Analyzer platform, an in-memory platform that aggregates and manages data across multiple sources in real-time. Also see our related blog post, A new era of technology enabled financial risk management.

Risk Management 70

Risk Management Analytics Technology Management 70

PYMNTS

DECEMBER 9, 2020

Managing credit risk used to be a reactive process. Bank customers would fall behind on their payments, and their banks might react by imposing fees or having a case manager work with them to bring their accounts back up to speed. In severe cases, banks might have to take the drastic measure of closing accounts altogether.

How To 245

How To Management Report Strategy 245

Perficient

JULY 10, 2023

Defining Reputational Risk for Financial Services Institutions Reputational risk occurs when an institution’s action or lack thereof gives its stakeholders or employees a negative perception. Reputational risk is convoluted. However, these reputational risk management (RRM) frameworks are still widely underdeveloped.

social media 170

social media Risk Management Analysis Industry 170

Insights on Business

NOVEMBER 29, 2018

Operational innovation is vital in a highly competitive financial services sector, with a new community of digital banks and other firms vying for market share. Drivers for Operational Innovation. These include driving growth, reducing costs and managing financial risks in a volatile business environment.

Operations 138

Operations Innovation Management Risk Management 138

Abrigo

SEPTEMBER 11, 2023

Takeaway 2 AI can lead to more accurate and consistent outputs or predictions, better risk management, and improved customer experiences. DOWNLOAD Takeaway 1 With generative AI technology improving by the day, the question is not if the banking industry will utilize it, but when.

Risk Management 195

Risk Management Data Technology Fintech 195

PYMNTS

APRIL 16, 2019

Among the most recent headlines, in Asia this past week, the Monetary Authority of Singapore (MAS) and the National Bank of Cambodia have signed a memorandum of understanding (MOU), that Business Times said will boost partnerships on FinTech and financial services innovation. The banks have also agreed to share data on emerging markets.

Fintech 211

Fintech San Francisco National Innovation 211

Perficient

NOVEMBER 27, 2023

When approached well, it enables organizations to: Unearth hyper-detailed insights into how work is done Identify processes that hinder productivity and are ripe for a rethink This is accomplished by combining data science and process management to deeply understand operational processes based on an organization’s widely available activity logs.

Industry 221

Industry Regulation Compliance Data 221

Insights on Business

JULY 31, 2018

IBM RegTech Innovations. We caught up with Peter Chirlian, CEO of Armanta, an IBM Company, to tell us more about Armanta’s innovative approach to aggregation and risk analytics. Let me start by asking about the risk management challenges that financial institutions face.

Innovation 133

Innovation Analysis Analytics Risk Management 133

Abrigo

APRIL 14, 2017

A credit risk manager at one bank with $900 million in total assets estimated that her team received approximately 8,220 tax returns in the 2015 calendar year. Considering the example of the bank mentioned above, the amount of data entry required is significant. Enter Sageworks.

Innovation 150

Innovation Taxes Analysis Lending 150

South State Correspondent

JUNE 8, 2022

In 2022, national banks are especially active in managing interest rate risk by booking floating rate loans and mandating that borrowers fix their rates through a loan hedging program. National Bank Strategies For Interest Rate Risk Management.

Community Bank 195

Community Bank Community National Strategy 195

PYMNTS

JUNE 10, 2016

Priorities in managing procurement will range from cost of the software to the ability to handle industry-specific needs. For financial institutions, procurement means working with external suppliers that could potentially introduce the bank to risks that permeate far beyond the FI’s internal walls.

Management 100

Management Risk Management Software Analytics 100

CB Insights

NOVEMBER 3, 2022

With climate-related losses expected to continue climbing, insurers will need more granular, real-time climate data and enhanced analytics capabilities to accurately price policies and manage claims. Recent developments in climate tech can help the insurance industry understand and plan for changing climate and weather-related risks.

Trends 95

Trends Puerto Rico Analytics Risk Management 95

PYMNTS

DECEMBER 17, 2020

Customers can also tap RevenueProtect, Adyen’s risk management and fraud prevention product. . The tie-up between Adyen and Flywire aims to innovate and improve the payments landscape for the international verticals both firms work with. “The Prins also said that it is especially important when selling internationally. “If

Payments 181

Payments Risk Management Fraud Industry 181

PYMNTS

JUNE 9, 2017

In an interview with PYMNTs after a webinar by the pair titled, “Financial Services Innovation — The Risk of New vs. Nothing,” John Epperson, principal at Crowe Horwath LLP, and Jason Henrichs, managing director at FinTech Forge , discussed the challenges and rewards of embracing change, even as firms are mindful of what works.

Innovation 109

Innovation Compliance Technology Data 109

PYMNTS

DECEMBER 22, 2016

In an interview with Karim Ahmad, TSYS executive vice president of global product and innovation, PYMNTS’ Karen Webster delved into the very nature of change, marking what once might have been a staid industry. I’m a pretty prosaic guy when it comes to … innovation,” said Ahmad.

Innovation 100

Innovation Payments Regulation Industry 100

Gonzobanker

FEBRUARY 23, 2022

As the collision of traditional banking and fintech continues, there will be more competition and more innovative banking solutions due to the increasing number of actors seeking defensible niches and operational scale. infrastructure and the capacity to manage a BaaS strategy to significantly complement the core business.

Community Bank 133

Community Bank Strategy Risk Management Fintech 133

FICO

MARCH 25, 2022

While it may seem like an esoteric topic, explainability in fraud management is important – and it’s especially relevant when it comes to using AI and machine learning in fraud detection and prevention. In other words, a fraud management system isn’t a black box. Effective Fraud Management Requires Explainable Technology.

Fraud 52

Fraud Management System Course 52

Abrigo

MARCH 2, 2023

Takeaway 2 According to Forrester data, firms pursuing technology-driven innovation grow three to four times faster than industry averages. Community banks and the entire banking industry face downside risks from inflation, rising market interest rates, and continued geopolitical uncertainty, the FDIC said recently in its quarterly report.

Technology 195

Technology Lending Community Software 195

South State Correspondent

JANUARY 4, 2023

Popular projects for 2023 include online loan and deposit onboarding utilizing third-party data to speed the process, compliance-as-a-service, payments, card controls, service case management, leveraging data for customer insights, and providing open banking APIs to customers. Develop a more innovative process. Now is that period.

Community Bank 195

Community Bank Capital Training Lending 195

PYMNTS

SEPTEMBER 6, 2017

In a survey of treasurers across more than 200 companies in various parts of the globe, Deloitte found that the corporate treasurer continues to be positioned as a risk-management function of organizations: 97 percent said that the treasurers’ role in liquidity risk management is important.

Risk Management 108

Risk Management Survey Management System 108

PYMNTS

DECEMBER 29, 2020

One recent example of a response to the proliferation was the inclusion of a long-fought anti-money laundering (AML) provision within the recently passed defense spending bill in the U.S. It’s great to see the prioritization on innovation with this bill,” Wingert said, calling the AML regulatory changes important.

Fraud 270

Fraud Compliance cryptocurrency Security 270

PYMNTS

JULY 19, 2018

The need is there for a comprehensive approach for risk management, which in turn means that both FinTechs and FIs need a strong, consistent strategy and roadmap from the very start of collaborations. Thus, risk management must evaluate compatibility not just of tech platforms in place, but must also take a cue from strategic goals.

Fintech 107

Fintech Risk Management Big Data Management 107

Insights on Business

DECEMBER 12, 2018

The resulting impact has run deep in the form of escalating fines, reorganizations, reviewing of business objectives, and managing tarnished corporate reputations. Rather, effectively managing risk comes with a recognition that it is both essential and the responsibility of everyone across the organization.

Innovation 111

Innovation Compliance User Experience Regulation 111

PYMNTS

MARCH 16, 2018

Remlinger, Project Manager — Solutions for Business at foreign exchange technology firm OANDA. Because APIs facilitate integration between two services, the technology allows FinTechs to innovate in their niche markets, rather than attempting to be a jack of all trades. “I

Risk Management 134

Risk Management Survey Management Fintech 134

Abrigo

MAY 8, 2024

WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. Knowing how AI and genAI are being used by peers and fraudsters will help financial institution leaders and management vet potential solutions and watch for risks.

Examples 195

Examples Fraud Resources Risk Management 195

Insights on Business

FEBRUARY 14, 2019

Many financial services organizations are struggling to manage their risk and compliance exposure in the face of ever-increasing challenges. The risks are varied, the data sources numerous and the relationships between entities are complex. You cannot outsource IT Risk.”

Compliance 125

Compliance Risk Management Case Study Meeting 125

PYMNTS

NOVEMBER 6, 2020

For example, Guerra said that younger consumers are “fully digital,” and expect to be able to click through various use cases and to get subscriptions or other offerings in an instant. For instance, machine learning and other advanced technologies can boost fraud- and risk-management capabilities.

Payments 274

Payments Cards Fraud Retail 274

PYMNTS

SEPTEMBER 20, 2018

While regulatory requirements have emerged as a top “driver” of trucking innovation and technological disruption, the complexities of the industry’s supply chain mean that dealing with paper not only adds cumbersome processes to the fold, but slows down payments for trucking firms.

Industry 158

Industry Tools Regulation Management 158

FICO

DECEMBER 8, 2022

Addressing Portfolio Risk in Economic Uncertainty: Part 3 (2022). Building portfolio risk resilience into customer management. We all purchase insurance policies for one fundamental reason – to protect and manage our valuable assets against unexpected events. Saxon Shirley. Thu, 05/12/2022 - 07:46. by Jim Patterson.

Risk Management 52

Risk Management Management Strategy Examples 52

PYMNTS

OCTOBER 29, 2018

Amid the flurry of B2B FinTech innovation aiming to transform organizations’ back offices, there is often one common threat within the disruption: the need for previously siloed, disconnected systems and processes to integrate with each other, offering a streamlined, holistic view of the enterprise.

Analytics 145

Analytics Resources Risk Management Data 145

PYMNTS

MARCH 17, 2017

Financial service providers must balance “process complexity with funding and risk management,” the executive said. “In But according to Singh-Jarrold, banks deploying the latest and brightest of FinTech innovation isn’t going to solve this problem. In reality, corporate banking is fragmented,” Singh-Jarrold continued.

Fintech 195

Fintech Innovation Lending Management 195

Abrigo

NOVEMBER 7, 2016

The lesson for accounting firms, Tolin said, is that they should take advantage of the numerous opportunities they have to innovate their existing services and create: • entirely new services • new packages of services or • new methods of delivering their services. “We How do I innovate?

Taxes 170

Taxes Innovation Examples Case Study 170

PYMNTS

JANUARY 13, 2021

That’s distributed banking, a FinTech model that “remains invisible and never enters into a customer relationship with the end user but rather facilitates the technology, payment choices, risk management and customer experiences necessary to delight everyone in the value chain.”. Challenge And Opportunity For Lenders.

Fintech 130

Fintech Customer Experience Lending Risk Management 130

PYMNTS

OCTOBER 10, 2018

10) that it has teamed up with Amazon to offer smart home kits, insurance and risk management information through a digital storefront on Amazon, at Amazon.com/Travelers. The Travelers Companies announced Wednesday (Oct. customers in Colorado, Missouri and Wisconsin. Travelers said it expects to add more states later this year.

Wisconsin 144

Wisconsin Missouri Colorado Risk Management 144

PYMNTS

JANUARY 20, 2020

In the past, however, the industry would think of fraud and risk management as separate processes and managing the data associated with payment details as well as credentials as a separate task. A lot of the cutting-edge companies have done great work in payments and Parker pointed to Airbnb, Netflix, Uber and Lyft as examples.

Payments 145

Payments Risk Management Fintech Innovation 145

Cisco

AUGUST 9, 2022

It is part of a multipart blog series on financial regulations and how to manage them architecturally, geared towards IT leadership. It creates five levels of maturity, from baseline to innovative, and we use these to measure preparedness of the processes and controls for five risk domains: Cyber Risk Management and Oversight.

Tools 114

Tools Leadership Handbook Security 114

Abrigo

SEPTEMBER 2, 2020

In Abrigo’s 2020 Business Lending Readiness Survey , conducted in late Q4 2019, community financial institutions revealed numerous ineffective, poorly automated areas within their banks or credit unions, including manual data entry, re-keying customer information numerous times, and using Excel spreadsheets to manage the borrower pipeline.

Lending 259

Lending Community San Antonio Survey 259