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10 NBFI AML Compliance Essentials

Abrigo

As the expectations around technology change with each generation and the recent pandemic pushing products and services that do not require an in-person transaction to become more mainstream, the demand for financial services to support a more decentralized experience has reached its peak. BSA Training. BSA Training. Learn More.

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How Airbnb Uses Payments To Stay Competitive

PYMNTS

A job marketplace platform in India is looking to connect trained trade workers with employers. The digital platform provides hiring, training, compliance management and payroll solutions to its clients, and is geared toward the facilities management, private security and logistics industries, to name a few.

Payments 183
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To Hub or Not to Hub: Are Payment Hubs a Good Idea for Financial Institutions?

Gonzobanker

Like rails for a train, payment rails allow money to travel between banks and customers. Rather than end users sending a wire transfer or originating an ACH transaction, payment hubs provide a simplified customer experience with easy-to-understand options (e.g., First, a little background on payments.

Payments 150
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PSCU CEO: The Quiet Power Of Credit Unions’ 100M-Member Network

PYMNTS

They also critically point the way to places where education and training are needed for workers, so that the shiny tools they build go into the hands of people who understand them and are prepared to use them. And that data, Fagan noted, is extremely useful in a variety of contexts — like fraud mitigation. What’s Next .

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Compliance And Innovation Make Profitable Bedfellows For Banks

PYMNTS

The user experiences [with FinTechs and challenger banks] are better. After all, as much as COVID-19 has been a huge catalyst for innovations like touchless payments, curbside pickup and buy online, pickup in store (BOPIS), 2020’s digital shift has also come with its share of fraud. This is not science fiction,” he said.

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Is Data Aggregation The Key To Banking?s Future?

PYMNTS

He added that there remains heightened sensitivity around security as fraudsters have trained their sights on card-not-present (CNP) fraud, although security concerns have not derailed any projects. The broader the coverage of the data, the better because that all factors into the value of the user experience,” he said.

Data 151
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Kenya Adds New Data Regulations To Encourage Foreign Tech Entrants

PYMNTS

The launch of Amazon CloudFront will put us in the forefront of accelerated innovation – enabling startups, enterprises and our government agencies to focus on building the best user experience,” President Kenyatta said in a statement.