Abrigo

SEPTEMBER 11, 2023

DOWNLOAD Takeaway 1 With generative AI technology improving by the day, the question is not if the banking industry will utilize it, but when. Takeaway 3 Financial institutions should resist the hype to apply the technology to their most complex problems and be strategic as AI improves. So, what is generative AI?

Risk Management 195

Risk Management Data Technology Fintech 195

PYMNTS

JUNE 13, 2018

That growing group of FIs includes Sweden-based FinTech Tink , which offers a consumer-facing digital banking platform alongside a growing B2B API development business. In a recent interview, Hedberg told PYMNTS how Tink began to shift its focus toward becoming not just a consumer-facing bank, but also a technology company.

Regulation 115

Regulation Guidelines Tools Data 115

CFPB Monitor

MAY 18, 2021

The Board of Governors of the Federal Reserve System recently issued and invited public comment on proposed guidelines to be used by Federal Reserve Banks to evaluate requests for master accounts and/or access to Federal Reserve Bank (Fed) financial services, in order to support a more “transparent and consistent” approach to such requests.

Fintech 78

Fintech Guidelines Policies System 78

PYMNTS

JULY 4, 2018

FinTech startups and big tech may provide competition for established banks that have bad loans on the books, The European Banking Authority (EBA) said on Tuesday (July 3). In addition, the EBA said banks might be burdened with old technology, Reuters reported. s exit from the bloc next year.

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Fintech Guidelines blockchain cryptocurrency 105

PYMNTS

MARCH 6, 2018

s exit from the bloc next year, the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region. According to news from Reuters , a document by the European Commission revealed that the law would enable the FinTech sector to grow through crowdfunding and common blockchain technology standards. “An

Fintech 136

Fintech blockchain Maine Guidelines 136

PYMNTS

JANUARY 31, 2020

Financial institutions (FIs) and merchants in the European Union (EU) have had some time to get used to both the General Data Protection Regulation (GDPR) and the revised Payment Services Directive (PSD2). Australian regulators are still deciding how Open Banking will affect FIs within their country.

Digital Banking 136

Digital Banking Guidelines Regulation Data 136

PYMNTS

SEPTEMBER 28, 2020

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. Regulators in countries like Egypt have only recently rolled out their data protection rules.

Online 151

Online Report Payments Regulation 151

PYMNTS

FEBRUARY 3, 2020

This prospective growth can largely be attributed to the Monetary Authority of Singapore (MAS), the region’s main regulator, which announced in June 2018 that it would grant five digital banking licenses to third-party companies. The news set off a high-stakes race among today’s top global eCommerce, finance and technology players.

Digital Banking 185

Digital Banking Innovation Maine Regulation 185

PYMNTS

NOVEMBER 1, 2018

In any new technology arena, companies are born, they rise, they fall, sometimes with breathtaking speed. Regulations take shape, usually quite a bit more slowly. The industry was an unregulated one until just a few years ago, when loans on various (virtual) books touched a couple hundred billion RMB.

Lending 150

Lending Guidelines Fintech Industry 150

PYMNTS

APRIL 16, 2020

Accelerated data sharing has become a focal point for small business lenders and FinTechs looking to speed up the time it takes for SMBs to apply for and receive much-needed funding. This week’s look at the latest in bank-FinTech collaborations and open banking initiatives finds a focus on small business lending: In the U.K.,

Data 167

Data Lending Regional Fintech 167

PYMNTS

MARCH 8, 2018

The world is quickly embracing faster payments technologies as more jurisdictions implement the technology required to accelerate transactions. According to the publication, the HKMA is in the midst of testing various products as part of its FinTech Supervisory Sandbox.

Guidelines 108

Guidelines Payments Fintech blockchain 108

PYMNTS

AUGUST 19, 2016

The Future Of FinTech? Japan’s Financial Services Agency (FSA) announced its own plan to boost the FinTech market by making it easier for companies to collaborate with the financial technology industry. “FinTech will have a big impact on financial services.” Making Startups Thrive.

Fintech 100

Fintech Mobile Guidelines System 100

PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations. community banks and small business lending.

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United States Regulation cryptocurrency Cleveland 174

PYMNTS

JANUARY 30, 2019

They face the challenge of offering customers a smooth onboarding process while also remaining rigorous in know your customer (KYC) efforts, taking care to remain compliant with local anti-money laundering (AML) regulations that aim to keep criminals from using legitimate operations to move money illegally. In the U.K.,

How To 170

How To blockchain Compliance Regional 170

PYMNTS

JUNE 15, 2020

ByteDance is negotiating with the Lee business family, as the technology group seeks to add banking to its portfolio. Express Company, a joint venture between American Express and LianLian DigiTech, a Chinese FinTech services company, is expected to begin processing transactions later this year.

Guidelines 131

Guidelines Payments Digital Banking Company 131

Insights on Business

OCTOBER 16, 2018

Regulations such as the second payment services directive (PSD2) and the Open Banking project spearheaded by the UK’s Competition and Market Authority (CMA) are driving disruption in the banking value chain. Built on Kubernetes and optimized for IBM Cloud Private, it’s powered by IBM API Connect and Watson technologies.

Capital 157

Capital Tools System blockchain 157

American Banker

MAY 13, 2016

The Office of the Comptroller of the Currency's recent white paper is a great first step in promoting innovative collaboration between banks and fintech, but companies need clearer guidelines on what regulators expect of them.

Fintech 28

Fintech Guidelines Regulation Innovation 28

PYMNTS

APRIL 8, 2016

The head of the CFPB, Richard Cordray, said during testimony on The Hill yesterday (April 7) that FinTech companies will likely be a significant presence in making payday loans (or smaller dollar loans) to consumers. The arguments they wield focus on complexity and cost, with both going up in the wake of new regulations.

Fintech 100

Fintech Guidelines Lending Regulation 100

CFPB Monitor

MARCH 8, 2019

The proposed changes are informed by the FTC’s enforcement experience and are intended to keep pace with technological developments. The proposed amendments to the Safeguards Rule will better align the rule with prevailing cyber security standards, such as the NY DFS cybersecurity regulations and the NIST framework.

Cyber Security 68

Cyber Security Guidelines Security Compliance 68

Chris Skinner

FEBRUARY 7, 2017

If third party FinTech firms cannot get access to the customer’s financial data, then you can severely limit what they can do. guidelines currently address the unique complexity of our financial system. What to do? Well, the easiest thing to do is to block access to the bank’s data. Brilliant … and it’s just what banks are doing.

Guidelines 150

Guidelines Washington Fintech Data 150

PYMNTS

SEPTEMBER 25, 2020

The global tech firm has teamed with payment processors Fiserv, PTS, FIS, CoreCard, Galileo, i2c, TSYS and Marqeta to give them digital guidelines that will let clients get almost instantaneous access to card information and peace of mind to make secure transactions, among other benefits. MineralTree Raises $50M, Buys Two Companies.

Maine 153

Maine social media Atlanta Massachusetts 153

PYMNTS

FEBRUARY 24, 2017

In the international market, the past few weeks have also seen a number of propositions and efforts by various global governments, financial regulatory bodies and other organizations to work toward bitcoin regulation.

Bitcoin 194

Bitcoin St. Louis Las Vegas cryptocurrency 194

Gonzobanker

APRIL 20, 2020

The reality is that both financial institutions and fintech solutions providers can drive better customer experience and still be compliant in a digital world. So, how do financial institutions offer competitive services quickly and efficiently while meeting complex regulatory guidelines? .” It’s true – kind of.

Compliance 78

Compliance Customer Experience Guidelines Technology 78

PYMNTS

OCTOBER 29, 2018

In Illinois, and a handful of other states, changes in how employees are reimbursed for business-related expenses herald changes on a broader scale, and in how firms use technology to make sure that expenses are being recorded accurately.

Illinois 163

Illinois Technology Taxes Data 163

Insights on Business

MAY 1, 2019

Our experts will bring viewpoints from compliance, technology, legal and industry perspectives in support of a solution that will provide leading expertise to manage the challenges associated with regulatory change. Some of the key themes our panelists discuss will focus on these main areas: 1. In 2018, the number issued was up to 30.

Compliance 122

Compliance Management Regulation Analysis 122

PYMNTS

JANUARY 15, 2018

In an interview with PYMNTS, Jordi Gascon, with EMEA Security at CA Technologies, noted the challenges for banks across the EU, right out of the gate: “PSD2 compliance is a must, and they need to cope with the intrinsic risks of opening their infrastructure to third parties.” Regulation News Closer to Home: The CFPB.

CA 112

CA Bitcoin Data Security 112

Insights on Business

OCTOBER 11, 2018

It’s this digital-agility layer that would connect to the internal core systems as well as provide external APIs to connect various fintech solutions and other financial institutions within an open banking platform approach.

Meeting 111

Meeting Customer Experience System Guidelines 111

Banking 2020

MARCH 26, 2015

In addition, new technology, and even customer care considerations, will finally influence the way debt collection is done. While handling collections can become a heavy burden on these teams, the introduction of the right technology can not only help ease the pain points for financial institutions, but evolve the process as a whole.

Industry 40

Industry Guidelines social media Technology 40

PYMNTS

MARCH 25, 2016

In many ways IoT is the Wild West of connected technology. The creation of regulation and development guidelines, which have the potential to foster the creation of safer, more secure products, is a tall order. The FTC, McSweeny said, doesn’t prescribe what technology companies need to use to secure consumer data.

Security 100

Security Data Innovation Examples 100

PYMNTS

MAY 1, 2020

Financial institutions (FIs) and regulators in Singapore, the E.U. Regulators may have shifted their focuses away from these initiatives and toward making sure their customers have the financial access they need to survive the pandemic, but the long-term goals of. and the U.S. Similar to the U.K. Similar to the U.K.

Innovation 245

Innovation Regulation Digital Banking Security 245

NCR

FEBRUARY 22, 2016

Banking institutions and financial technology startups are putting their differences aside and working to find common ground. Fintech startups utilize innovative technology to make financial systems more efficient, taking advantage of cloud data storage and blockchain technology.

Innovation 40

Innovation Compliance Security Data 40

Insights on Business

MAY 2, 2019

Standardization is accelerated by the desire for modernization in both process and technology. GRC systems need to be able to respond to these needs in the modern digital age leveraging technology for further automation. Driving better outcomes and IBM OpenPages with Watson.

Compliance 98

Compliance System Analytics Data 98

Tomorrow's Transactions

DECEMBER 19, 2016

As for the last few years, I’ve put together a “live five” of technology-driven changes in the secure transactions field that will have a real business impact over the coming year. The NIST guideline goes on to talk about using push notifications to applications on smart phones, which is how we think it should be done. Goodbye 2016.

Mobile 30

Mobile Retail Trends Security 30

Lars Markull

JULY 1, 2020

This is at the center of most Open Banking regulations and can be achieved with the right design and guidelines. . While this is a service that any bank can offer on top of their own bank account, only with Open Banking technology will it be possible for users to easily get visibility into all of their financial accounts in one place.

Risk Management 69

Risk Management Data Examples United States 69

PYMNTS

DECEMBER 17, 2019

Open Banking is making its rounds across the globe as regulators embrace financial services industry competition, and as financial services players — both banks and FinTech firms — recognize their market opportunities by embracing data sharing.

Metro 136

Metro Regional Fintech National 136

Lars Markull

JULY 1, 2020

This is at the center of most Open Banking regulations and can be achieved with the right design and guidelines.  This is being used in e-commerce shopping but also in other Fintech services that rely on direct debit to move funds. Two Fintech mega players are making use of Open Banking for this: PayPal and Klarna.

Risk Management 52

Risk Management Data Examples United States 52

FICO

DECEMBER 9, 2019

In highly regulated countries, like the UK, these changes should be a positive experience for people in debt. Where financial services is not so regulated, these changes will be a challenge. The FCA in the UK has suggested that they want to remove significant amounts of prescriptive regulation and focus instead on expected outcomes.

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Analytics Regional Strategy Regulation 52