CFPB Monitor

AUGUST 1, 2022

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space. It also solicits feedback on how to maximize stakeholder engagement.

Financial Technology 78

Financial Technology Technology Fintech Compliance 78

PYMNTS

MARCH 12, 2020

Open banking and bank-FinTech collaboration can be an effective way for financial institutions (FIs) to launch new digital products. Below, PYMNTS rounds up the latest tie-ups and data sharing efforts as institutions explore how open banking models might accelerate their modernization efforts. Equiniti Eyes APIs for Risk Management.

Lending 194

Lending Risk Management Fintech Community 194

Gonzobanker

FEBRUARY 23, 2022

In this emerging landscape, financial institutions, often community banks, frequently “rent” their charter to financial technology firms (fintechs) that serve a specific consumer group as a means to grow non-interest income. While customer relationships are being redefined by fintechs, there will always be a place for community banking.

Community Bank 117

Community Bank Strategy Risk Management Fintech 117

PYMNTS

SEPTEMBER 25, 2019

Regulators the world over are beginning to take a closer look at the alternative and marketplace lending business model. However, there is a range of other areas of noncompliance risk for these businesses. Which brought Wales to the final major challenge industry players face in the compliance realm: data management.

Compliance 117

Compliance Risk Management Lending Regulation 117

PYMNTS

SEPTEMBER 15, 2017

The favored narrative about banks and FinTech startups is generally not a love story. Whereas FinTechs are undoubtedly newer and faster – risen from the digital age to put banks out of business – they aren’t always able to take deposits or keep some of those associated warranties. Usually, it is more of an all-out war story.

Fintech 198

Fintech System Lending Cards 198

FICO

DECEMBER 17, 2020

Anti-financial crimes regulations require banks to enact robust risk management frameworks, including extensive KYC due diligence, integrated safeguards for AML transaction monitoring, and sanctions screening. This includes $2.8 billion lost in exchange theft and security breaches, and $4.8

cryptocurrency 52

cryptocurrency How To blockchain Analysis 52

South State Correspondent

JUNE 13, 2022

Banks that are looking to enhance their risk management practices should consider incorporating the concept of the velocity of risk into their enterprise-wide risk management practices. Some risks occur slowly; others strike quickly and hard. Optimizing Risk. Putting Velocity of Risk into Action.

Risk Management 195

Risk Management Examples social media Management 195

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. It is likely that regulators will soon ask banks to come up with a plan.

Conference 195

Conference Payments Fraud Data 195

Abrigo

FEBRUARY 12, 2020

Despite expectations for growth, bankers, regulators, investors, and others are watchful about potentially lower returns and credit risks ahead. Heading into 2020, banks seem to be continuing to respond to risk concerns. Managing CRE portfolios will require lenders to follow best practices for underwriting and loan reviews.

Lending 195

Lending Trends FDIC Survey 195

Alex Jimenez

NOVEMBER 4, 2023

Money 20/20 USA has become the biggest FinTech gathering in the US. FinTech Revolution and AI: The overarching trend was the continued evolution and revolution in the FinTech industry, including the adoption of AI and emerging technologies. Similarly, FinTech firms face a reality with limited VC funds.

Conference 84

Conference Meeting Trends Fintech 84

PYMNTS

MARCH 16, 2018

Certainly regulations like PSD2 and the U.K.’s But APIs can offer a different strategic advantage, especially to B2B FinTechs, according to A.J. Remlinger, Project Manager — Solutions for Business at foreign exchange technology firm OANDA. FX management today has a more prominent role in the treasury department than in the past.

Risk Management 134

Risk Management Survey Management Fintech 134

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. The Bank Regulator Working for Merchants Award!

Fintech 194

Fintech Community Regional Technology 194

PYMNTS

NOVEMBER 19, 2019

Among the biggest debates is how to construct and operate the best card program possible – a decision that served as the foundation for a new PYMNTS interview with Jim Geeslin, head of strategy for Elan Financial Services , an agent credit card issuer. That’s one of the biggest areas where we see friction,” he told PYMNTS.

Cards 140

Cards Apple Data Innovation 140

FICO

DECEMBER 23, 2020

The global pandemic has driven a dramatic change in consumer behavior, not least an exponential rise in the use of digital and mobile channels for banking and financial services, increased competition from fintechs, and the rise of open banking. Regulators Will Zero in on Closing the Gaps.

Compliance 52

Compliance Regulation Data Risk Management 52

Celent Banking

MARCH 30, 2016

On a global basis, banks are being forced to restructure their business models, technology platforms, and organizational processes in order to grow their portfolios, remain profitable, and stay in the good graces of their regulators. Where does this optimism comes from?

Lending 100

Lending Compliance Training Capital 100

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. As a follow on action, you can get a free four-hour Cloud adoption and transformation briefing with IBM.

Meeting 111

Meeting Customer Experience System Guidelines 111

American Banker

JUNE 1, 2023

The banking crisis set in motion by the failure of three banks has the industry focusing once more on how to avoid the same scenario.

Industry 71

Industry How To Risk Management Policies 71

PYMNTS

SEPTEMBER 27, 2017

this issue has come to light as small businesses, FinTechs and regulators work to address late payments, which often occur when large corporations pay their small business suppliers on delayed payment terms, or even past those payment due dates. Small businesses (SMBs) may have less control over their cash flow than one might think.

Payments 100

Payments Lending Risk Management Management 100

Independent Banker

DECEMBER 31, 2021

How long is your to-do list? Like most other community bankers, you spent many long nights processing Paycheck Protection Program (PPP) loans, planning how to do business in a pandemic and much more throughout 2020 and 2021. Regulators haven’t yet broached the subject with them. By Katie Kuehner-Hebert.

Community Bank 144

Community Bank Community Lending Louisiana 144

PYMNTS

APRIL 6, 2017

While these new ACH offerings are promising to quicken the pace of monetary transactions, the changes are also bringing new rules and regulations that directly impact how banks and other financial players operate. But how to abide by these new practices are not always clear to financial institutions.

Resources 100

Resources Training Payments Regulation 100

Lex Sokolin

SEPTEMBER 3, 2020

The venture capital games of embedded finance , open banking, PSD2 and API, all of these revolve around the premise that banks are behind on cloud technology and do not know how to package and deliver financial products to where they matter. This therefore incorporates the types of enabling fintech that Refinitiv and Finastra dream about.

blockchain 52

blockchain Software Capital Technology 52

FICO

AUGUST 3, 2022

Banking and financial services continue to be disrupted by leaner, new-to-market fintechs andchallenger banks, as well as shifting economic and regulatory conditions. Download the IDC Technology Spotlight Whitepaper to learn how a unified decisioning platform can provide a decision control plane to enable enterprise intelligence at scale.

Data 52

Data Analytics Customer Experience Technology 52

Gonzobanker

MARCH 25, 2016

The big challenges are culture and risk management. Boards and management teams everywhere struggle with this. Clear mission and risk appetite statements are a great start, but we’ve all seen statements saying “go” with actions that say “stop.” In that environment, even practical ideas can run into a buzzsaw.

Exercises 60

Exercises Innovation Risk Management Conference 60

Lex Sokolin

DECEMBER 25, 2019

There’s a lot to say about the overlap of Fintech and blockchain, but let’s find the very edge of the frontier and focus right there. See Staking Rewards and the chart below, and Coinbase for an example of a large Fintech providing the service. all Fintech unicorns?—?that It’s like watching Mint.com emerge in 2007.

blockchain 52

blockchain Bitcoin Software Lending 52

Banking 2020

DECEMBER 16, 2014

These steps will help to focused on your organizations talent of the future instead of the past: New View: Redefine what talent is and what it looks like (not just boxes to be checked), learn where and how to look for it, and understand how to attract it. A big part of this is moving from reactive to proactive talent management.

Leadership 52

Leadership Regional America Industry 52

FICO

FEBRUARY 12, 2023

The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models. How To’ videos are extremely effective, especially for coaching customers through new banking tasks. Frame your financial literacy content accordingly.

Digital Banking 52

Digital Banking eBook Analytics Customer Experience 52

Tomorrow's Transactions

DECEMBER 19, 2016

The paper that Richard Brown of R3, my colleague Salome Parulava and I put together what seems like an age ago (a year is a long time in fintech) has finally been published! 2017 will see the emergence of the next generation of innovation in fintech that addresses risk management and regulation for the bank.

Mobile 30

Mobile Retail Trends Security 30

Gonzobanker

DECEMBER 22, 2015

Regulator Award. The all-powerful banking regulator claimed that car dealers discriminated against minority borrowers—by guessing the race of borrowers based on last names and addresses in loan files, and claimed racism if the people they guessed were minorities seemed to be paying higher rates. ‘Are You Freakin’ Kidding Me?’

Community Bank 60

Community Bank Apple Community Technology 60

Gonzobanker

DECEMBER 19, 2016

Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare. Be Careful What You Wish for Award – To all those Fintech providers that can now get an official bank charter to operate within the confines of simple regulatory requirements. The big bang project is over.” see [link] ).

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare. Be Careful What You Wish for Award – To all those Fintech providers that can now get an official bank charter to operate within the confines of simple regulatory requirements. The big bang project is over.” Vendor: “Yes, of course.”.

Utah 60

Utah System Community Marketing 60

PYMNTS

JULY 13, 2017

FinTech companies — PayPal, Square, Stripe, WePay — have gravitated toward that model because what they’re innovating on is merchant experience, or user experience,” said Aberman. “In A PayFac collects minimal data up front and supplements it with other real-time data to get merchants up and running, literally, in minutes.

User Experience 108

User Experience Software Compliance Payments 108

FICO

AUGUST 28, 2017

Here is useful information on how to assess alternative data and combine it with so-called traditional data to improve credit risk models. In addition, despite what some enterprising fintechs might say, the value of this data would be far lower than the value of data with a stronger credit connection. What is alternative data?

Data 52

Data Analytics social media Technology 52

Fintech Labs Insights

NOVEMBER 18, 2015

AdviceGames ‘ Finius virtual money assistant uses machine learning-driven gamification to help borrowers and lenders manage risk by understanding the impact of future financial changes and teaching them how to respond. SwipeStox social trading app offers traders and investors a platform to make informed trades.

Company 12

Company Comparison Customer Experience Management 12