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EWA shouldn’t be regulated like loans

Payments Dive

“Attempts to regulate EWA as credit threaten worker access to this innovative and consumer-friendly financial tool,” writes one earned wage access industry CEO.

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How Process Mining Accelerates Efficiency for Highly Regulated, Customer-obsessed Industries

Perficient

In the dynamic environment of highly regulated industries like healthcare and financial services, leaders often balance competing goals to delight customers while cutting costs. An ideal solution combines top-performing analysts with innovative AI. This blog was co-authored by Carl Aridas and Joel Thimsen.

Industry 221
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6 Reasons Financial Institutions Are Embracing Risk and Regulation Tactics

Perficient

Legal Obligations and Regulatory Frameworks It is well-known that financial institutions operate within a complex web of laws and regulations. Reputation Management Trust is the cornerstone of the financial industry. The Role of Regulatory Risk and Compliance 1.

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Top 6 Trends for the Banking Industry in 2024

Perficient

This blog was co-authored by Perficient’s Chief Strategist and banking expert: Scott Albahary A slowing global economy, coupled with a divergent economic landscape, poses challenges for the banking industry in 2024. Explore and integrate alternative data sources and innovative scoring models to offer fairer assessments of creditworthiness.

Trends 221
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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. Innovations in AI, alternative lending platforms, personalized experiences, and sustainable lending practices are just a few of the areas set to redefine the industry.

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Financial industry reps worry OCC regulatory ‘sandbox’ could stifle innovation

Bank Innovation

The Office of the Comptroller of the Currency (OCC) is pushing ahead with its Innovation Pilot Program, a mechanism that will allow regulators to work with financial services companies as new products are being developed.

Industry 186
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Regulation, Data Management Top Industry Concerns

Bank Innovation

Professionals in the financial services industry are focusing their energy on regulation and data management, according to a survey from consulting firm and technology services provider Synechron.