PYMNTS

NOVEMBER 12, 2020

“Providing Canadians and Canadian businesses with access to faster, data-rich payment options will enable innovation, support the long-term growth of the economy, and strengthen our global competitiveness.”. The RTR is expected to launch in 2022 and will be operated by Payments Canada and regulated by the Bank of Canada.

Payments 345

Payments Innovation Risk Management System 345

Perficient

JULY 10, 2023

But, as one of the most regulated and notoriously untrusted industries, the financial services industry is among the most vulnerable to being impacted by negative digital media, driving up its vulnerability to reputational risk. Reputational risk is convoluted.

social media 170

social media Risk Management Analysis Industry 170

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 2 AI can lead to more accurate and consistent outputs or predictions, better risk management, and improved customer experiences.

Risk Management 195

Risk Management Data Technology Fintech 195

PYMNTS

DECEMBER 22, 2016

The evolution of the industry, however, is not likely to be a linear one — wholesale change rarely is. 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.

Innovation 100

Innovation Payments Regulation Industry 100

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

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

Independent Banker

JANUARY 31, 2022

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. Swashbuckling, nimble, well-funded and unapologetically entrepreneurial, fintechs are offering innovations that allow community bankers to dream big in a host of ways.

Community Bank 159

Community Bank Community Fintech Risk Management 159

PYMNTS

FEBRUARY 15, 2018

In an interview with PYMNTS, Charles Clark, acting deputy director of the Washington State Department of Financial Institutions, said there had been complaints by industry participants about the differing legal requirements of getting licensed in each individual state as a money transmitter, especially in terms of disparate procedures.

Washington 101

Washington Regulation Conference Fintech 101

CFPB Monitor

MAY 18, 2016

In particular, he indicated that while FinTech companies should not have an advantage in the marketplace over banks because they are not complying with same rules, the CFPB would seek to enforce the laws without stifling innovation. on “Supporting Responsible Innovation in the Federal Banking System.” Registration is free.

Innovation 68

Innovation Washington Risk Management Fintech 68

PYMNTS

NOVEMBER 16, 2020

According to the press release, LIKEZERO will help to boost a new, more intelligent level of insight, helping banks, financial institutions (FIs) and other regulated businesses to analyze and extract insight and data from clients' clients.

Data 169

Data Regulation Risk Management Training 169

Bobsguide

OCTOBER 1, 2022

Prometeia and SIX have entered into a long-term collaboration that involves Prometeia providing SIX the calculation capabilities for a product risk indicator (PRI) for securities that do not fall into the scope of PRIIPs (Packaged Retail and Insurance-based Investment Products) regulation. The company is owned by its users (120 banks).

Analytics 97

Analytics Risk Management Management Regulation 97

PYMNTS

JULY 22, 2016

It’s even more surprising given that 2016 could be the year that regulation begins to really kick in for these lenders — in the U.S., Investors seem confident in the industry’s startups and their ability to provide adequate risk management and underwriting for their loans; VCs provided more than $11.5

Lending 100

Lending Regulation Big Data Risk Management 100

Abrigo

FEBRUARY 25, 2022

is law, FinCEN and regulatory agencies are implementing change to support the FinCEN Priorities and give the industry much - needed guidance. Codified risk-based approach The AMLA codified the risk-based approach for the first time, and a thorough risk assessment is necessary to justify businesses to your regulators. ?As

Regulation 195

Regulation Policies Compliance Washington 195

Abrigo

DECEMBER 17, 2021

Takeaway 1 Having a cohesive vision from the top down is critical to a culture of innovation and the successful adoption of new software. . Takeaway 3 Many FIs will price-compare vendors, but neglect to consider potential hidden costs , especially when managing multiple vendors. Build a culture of innovation. Start at the Top.

Fintech 195

Fintech How To Innovation System 195

Celent Banking

JANUARY 19, 2016

Many large financial institutions spent in excess of $25 million on rolling out failed enterprise risk management frameworks during the 2000’s. Well for many obvious reasons, the most notable of which has been the large scale failure of institutions to manage their risks and the well-editorialized consequences of those failures.

Risk Management 100

Risk Management Management Regulation Policies 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

PYMNTS

SEPTEMBER 20, 2018

Regulations are driving the trucking and logistics industry to adopt cutting-edge technologies. Requirements around the recording of digital data — for instance, newer rules on Hours of Service records and electronic recording of drivers’ hours worked — have industry players adopting tools to maintain compliance.

Industry 158

Industry Tools Regulation Management 158

Insights on Business

DECEMBER 12, 2018

Organizations in financial services and other sectors witnessed an increase in “airtime” given to risk and compliance issues at the board level. Stories of improper conduct, and new regulations on data protection and privacy such as GDPR, continued to dominate the business headlines, moving from water-cooler conversation to “what about us?”

Innovation 111

Innovation Compliance User Experience Regulation 111

PYMNTS

AUGUST 21, 2019

ADEC Innovations, a global sustainable practice and compliance firm, is partnering with London-based Libryo , a legal tech software as a service (SaaS) company, to help brands understand compliance requirements, ADEC said in a press release on Tuesday (Aug. Entering new markets and working with unfamiliar partners can introduce major risks.

Compliance 108

Compliance Innovation Software Risk Management 108

Abrigo

MARCH 2, 2023

Takeaway 2 According to Forrester data, firms pursuing technology-driven innovation grow three to four times faster than industry averages. But as Southwest’s scheduling system crisis over the holidays showed banking and all other industries, technology shortcomings create enormous costs in the short-term and in the future.

Technology 195

Technology Lending Community Software 195

Insights on Business

JANUARY 22, 2018

As we enter a new year, uncertainty in the risk and compliance landscape is as evident as ever. The amount of regulations and pace of change continues to be overwhelming. Topics that will be discussed are: How will FinTech innovation shape the compliance and risk management landscape for regulated firms?

Compliance 105

Compliance Risk Management Meeting Regulation 105

Bobsguide

MAY 12, 2022

2022 — Murex , the global leader in trading, risk management and processing solutions for capital markets, has?won?the category at the FTF News Technology Innovation Awards 2022. 3 was voted Software Solution of the Year due to the strong support received from clients and industry peers worldwide. PARIS, May 12,?2022

Software 78

Software Innovation Risk Management Capital 78

CFPB Monitor

JULY 27, 2020

recognizes that, as the financial markets become increasingly technological, there will likely be increasing need for banks and other service providers to leverage new technology and innovative ways to provide traditional services on behalf of customers. The letter states that the OCC.

National 113

National cryptocurrency Risk Management Regulation 113

PYMNTS

DECEMBER 21, 2020

It has closed several new deals with high-growth early-stage firms in several industries, ending the year with two major announcements. In a company like Procurement Partners that works in a specific industry like healthcare, you need a partner that understands the industry dynamics,” he said. That was followed on Dec.

Capital 199

Capital Payments Software Fintech 199

PYMNTS

JUNE 29, 2017

Regulation has historically been a challenge for the financial services space, but considering today’s fast pace of change in both financial services innovation and regulation, compliance is increasingly becoming a headache. In Europe, financial services regulation is especially disruptive.

Policies 123

Policies Compliance Regulation Innovation 123

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

Abrigo

AUGUST 12, 2019

ThinkBIG will provide best practices for driving growth and will deepen financial institutions’ expertise in risk management. Learn from top banking topics from top industry experts. Be the first to learn the newest innovations coming to credit, lending, and portfolio risk products. Discover new products.

Conference 150

Conference Lending National Risk Management 150

PYMNTS

OCTOBER 16, 2019

A majority of FIs plan to invest more in financial crime compliance than fraud risk management, though 43 percent reported no integration between fraud and financial risk compliance. banks have to analyze AML regulations before even beginning to innovate, and the rules in question change often.

Compliance 123

Compliance Fraud Study Digital Banking 123

South State Correspondent

OCTOBER 26, 2023

Money 20/20 (M2020) is the only conference in the industry where it is both possible and expected to pull off two breakfasts, two lunches, three cocktail parties, and two dinners PER DAY. Generative AI: Traditional AI was ever-present in touted solutions regarding fraud, risk management, and the customer experience.

Conference 221

Conference Las Vegas Fraud Case Study 221

PYMNTS

DECEMBER 3, 2019

Lots of innovators come to market claiming they’re ready to explosively disrupt the status quo, but the number of products that actually do manage that kind of up-and-to-the-right adoption pattern are far fewer in number. Those are, in most cases, larger payments, regulated payments and fairly rare payments.

Payments 141

Payments Risk Management Industry Regulation 141

PYMNTS

MARCH 20, 2020

with open banking now more than 2 years old, the financial services industry has discovered that unlocking data can have a significant impact on the satisfaction of SMB borrowers, even facilitating easier bank switching for SMBs in search of a better user experience. “The roadmap to regulation has been in place [in the U.K.]

Lending 233

Lending Data User Experience Fraud 233

ZootBlog

NOVEMBER 11, 2015

In today’s environment, as banks manage increased regulation and competition from industry outsiders, they must operate in the same fashion. Keeping a bank in top shape means fostering innovation. An employee doesn’t need to be able to ride a Segway to address innovation. Alternative Lenders.

Innovation 60

Innovation Fintech social media Knowledge Base 60

PYMNTS

DECEMBER 29, 2020

It’s great to see the prioritization on innovation with this bill,” Wingert said, calling the AML regulatory changes important. So it’s important for industry to support them aligned with the obligations they face under the Bank Secrecy Act,” he said. Can you really know your customer if you don’t know their location?”

Fraud 270

Fraud Compliance cryptocurrency Security 270

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. With the IBM Open Banking Platform , financial institutions can innovate faster, reduce risk and protect core banking applications.

Capital 157

Capital Tools System blockchain 157

Alex Jimenez

NOVEMBER 4, 2023

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. Financial Inclusion: The need for the industry’s support of underserved populations and regions came up often. The application of AI was highlighted many times.

Conference 84

Conference Meeting Trends Fintech 84

PYMNTS

MARCH 16, 2018

The financial services industry’s sudden support for application programming interfaces (APIs) has people talking about the power of data sharing. Certainly regulations like PSD2 and the U.K.’s I think financial institutions have been better at this than other industries in the past,” Remlinger recently told PYMNTS.

Risk Management 134

Risk Management Survey Management Fintech 134

PYMNTS

MARCH 17, 2017

Reports last week said the merger aims to create a FinTech “powerhouse” as both Misys and D+H evolve their services to meet the more sophisticated demands of the industry. Financial service providers must balance “process complexity with funding and risk management,” the executive said. “In

Fintech 195

Fintech Innovation Lending Management 195