PYMNTS

MARCH 25, 2020

Retailers are finding success in the complex, highly regulated wine industry , and are looking to top off loyalty as coronavirus orders flow. Wine Insiders , in one case, has combined edgy technology and innovations, and supplemented traditional marketing channels with digital advertising.

Innovation 108

Innovation Data Regulation Retail 108

PYMNTS

JANUARY 15, 2021

To get a bit more granular, in an interpretive letter , the OCC said that regulated financial institutions (FIs) can participate in independent node verification networks (INVN for short – namely, a blockchain network). What's the technology that it runs on top of it?’” Still In Learning Mode . “A How do the reserves work?

Regulation 253

Regulation US Payments Compliance 253

PYMNTS

APRIL 17, 2020

Open banking regulations across Europe kicked open the door for a wave of FinTech competition, with consumer-facing personal finance management (PFM) right in the crosshairs of innovators’ efforts. “People were not believing in open banking so much as a big evolution. .”

Innovation 208

Innovation Data Fintech Lending 208

PYMNTS

DECEMBER 31, 2020

Fast-forward to the present, and Afterpay now counts more than 11 million active customers at 63,000 retailers – and most recently reported doing $2.1 One is regulatory trends, where regulators are looking to increase competition in this field and drive innovation. "One The other is technological innovation.

Innovation 289

Innovation Payments Trends Regulation 289

PYMNTS

MARCH 2, 2020

It’s really difficult, the banking ecosystem is not fast and that’s just reality,” Jim McCarthy, industry expert and former innovation head for Visa, told Karen Webster in a recent conversation. The Headwinds Creating The Innovations Gap . But they all tend to have three things in common.

Innovation 222

Innovation Data System Mobile 222

Abrigo

APRIL 19, 2016

The Office of the Comptroller of Currency, recognizing the sweeping changes in technology and business practices that are affecting financial institutions, is recommending U.S. banks incorporate “responsible innovation” as they adapt quickly to these advances, but what exactly does that mean? Support responsible innovation.

Innovation 150

Innovation Fintech Risk Management Community Bank 150

Abrigo

DECEMBER 5, 2023

AML Compliance Ten qualities of a successful BSA officer Hiring a Bank Secrecy Act (BSA) Officer for a financial institution involves looking for a unique experience level and skillset that ensures compliance with the BSA and related regulations. But what makes an exceptional BSA Officer?

Training 221

Training Compliance Regulation Software 221

Perficient

MAY 12, 2023

The Third Industrial Revolution used electronics and information technology to automate production. enables companies, governments, and public sector agencies to use innovative digital technologies, smart automation, and advanced analytics to transform operating processes. Digitalization and Innovation Accelerating Industry 4.0

Management 275

Management Industry Innovation Operations 275

PYMNTS

MARCH 30, 2020

Retailers are dutifully speaking with their payment service providers (PSPs) and industry partners to adhere to these shifts, but they must also keep their customers’ experiences in mind. retailer trade group, Retail Industry Leaders Association ( RILA ), told PYMNTS in a recent interview. Retailers And Data’s Role .

United States 131

United States Retail Customer Experience Data 131

PYMNTS

JULY 24, 2019

The Justice Department is right to be looking into Amazon’s practices as part of its antitrust review of big technology companies, Treasury Secretary Steven Mnuchin said Wednesday (July 24). . “I A broad antitrust review of big technology companies was announced by the Justice Department on Tuesday (July 23).

Retail 128

Retail US Massachusetts United States 128

Insights on Business

JULY 11, 2018

Technological innovation is a reality that is impacting every facet of society. No area of human endeavour from retail, to transportation, to banking has not seen some form of disruptive technology replace the long-established modus operandi. Regulatory enforcement actions are on the rise.

Technology 185

Technology Innovation Operations Compliance 185

PYMNTS

AUGUST 5, 2019

Connected and self-driving cars and truck stand as some of the next big frontiers when it comes to retail and retail innovation, but challenges to that future — real and potential problems that could slow down progress when it comes to autonomous vehicles — are increasing appearing on the horizon. New Timetable.

Retail 144

Retail New York Detroit Technology 144

Gonzobanker

JANUARY 4, 2023

Back in the day, when I was the CIO of a bank, we had a Technology Plan. It was a single document that had every aspect of the bank’s technology goals for the year – hardware, software, vendors, projects (all led by information technology, or IT, by the way) – the entire bank IT budget. John Brunner.

Technology 78

Technology System Software Groups 78

PYMNTS

MAY 24, 2018

Some of the biggest banks in Europe are urging regulators to increase oversight of large technology companies that are moving into the financial services market. technology companies will choose to go only after the best parts of the financial services market. The magic word here is wallet.

Regulation 139

Regulation Company Data Marketing 139

PYMNTS

SEPTEMBER 18, 2017

The credit bureaus were included in the CFPB’s scope of oversight in 2012, and she’s asked the agency to let her know what additional power it might need to better regulate the credit reporting agencies going forward. That business was called The Retail Credit Corporation. Senator Elizabeth Warren (D – Mass.)

Report 202

Report Regulation Data Retail 202

PYMNTS

DECEMBER 17, 2019

Separate research indicates that 51 percent of holiday shoppers will hold their FIs, payment processors and retailers responsible if they experience fraud. The Technology Gap That Fosters Fraudsters. The unfortunate truth is that fraudsters also rely on technological prowess to launch attacks against challenger FIs.

Technology 142

Technology Fraud Data Security 142

Chris Skinner

FEBRUARY 24, 2017

It is no longer this big bucket of finance and technology. In fact, saying ‘fintech’ is like saying ‘retailer.’ But what exactly are they retailing and, in the fintech sense, what areas of finance are these companies automating? RegTech Regulatory Technologies, or RegTech for short, is fairly obvious as to what it is.

Fintech 342

Fintech Regulation Technology Analytics 342

PYMNTS

DECEMBER 9, 2019

Also, as big tech moves into the financial services industry, regulators call for more “vigilant monitoring” of its data use. Regulators Call for ‘Vigilant Monitoring’ of Big Tech’s Financial Data Use. PayPal’s Schulman: Why Payments’ Biggest Innovations Are Yet to Come. Goldman Plans to Launch Robo Advisor Next Year.

Regulation 131

Regulation Data Apple Payments 131

Celent Banking

MARCH 28, 2017

Over the past few weeks we have been previewing various content themes we will be discussing at our Insight and Innovation Day in Boston on April 4th. I would like to finish this series of posts by looking at the new Model Bank category we introduced this year – Emerging Innovation.

Innovation 100

Innovation Boston blockchain social media 100

PYMNTS

NOVEMBER 13, 2020

Managing inventory, B2B payments and a plethora of food and beverage vendors can be a headache for any kind of restaurant, bar or retailer. But in the alcohol beverage arena, unique regulations — many of which date back to the era of prohibition — have added an extra layer of complexity to the supply chain.

Industry 219

Industry Payments Retail Regulation 219

PYMNTS

NOVEMBER 28, 2016

Layoffs in the retail sector have soared high this year. The number of layoffs has already well surpassed April’s projection of 37,000 retail positions cut by year’s end. The retail sector lost over 43,600 jobs as of mid-August alone, a number already towering over the 30,273 retail jobs shed back in 2010 and previous estimates.

Retail 100

Retail Innovation Technology Trends 100

PYMNTS

FEBRUARY 14, 2019

From 7-Eleven to H&M , retailers are adopting digital payments and artificial intelligence (AI) technology to bring more convenient experiences to their customers. And retailers with brick-and-mortar locations in North America are starting to accept Chinese mobile payment systems.

Retail 129

Retail Online Payments United States 129

PYMNTS

AUGUST 20, 2018

In 1946, the year the verdict was reached, A&P was the country’s largest retailer and, obviously, its largest grocery chain. But here’s the rub: The guilty verdict was made on the basis of A&P’s use of supply chain innovations to lower prices to consumers. Regulators didn’t destroy A&P in the end. Lower prices.

Regulation 105

Regulation Online Innovation Google 105

PYMNTS

NOVEMBER 23, 2016

Payment Cloud Technologies announced Tuesday (Nov. Payment Cloud Technologies said the new banking platform will help An Post’s brand, its diversification and will serve to strengthen the company’s services to meet a broader range of customers. ‘We 22) the launch of a new digital banking platform dubbed bank.VISION.

Technology 100

Technology Payments Meeting Digital Banking 100

Celent Banking

JANUARY 26, 2017

The FinTech whitepaper resulted from the White House’s FinTech Summit in June, 2016 that brought together a wide range of bankers, policy makers, and other interested parties, and subtext of the whitepaper was that cooperation between all stakeholders would yield greater innovation in financial services, as summed up below.

Regulation 100

Regulation Policies Philadelphia Fintech 100

PYMNTS

SEPTEMBER 16, 2019

Biometrics is emerging as one of the innovative solutions to this problem in a variety of industries, including retail, travel and hospitality. Regulators are also closely examining biometrics as the deadline moves closer. This puts the problem of biometric innovation on the shoulders of banks and payment providers.

Technology 116

Technology Customer Experience Cards Regulation 116

PYMNTS

MARCH 26, 2019

Retailers in the physical world are at a real disadvantage when it comes to knowing the customers in their stores, and what they do once they get there. The list goes on, but suffice it to say, the jokes about digital retailers knowing more about customers than they know about themselves didn’t appear in the culture out of nowhere.

Retail 127

Retail Security Data Software 127

PYMNTS

MARCH 16, 2018

Ever since 2013, when Amazon CEO Jeff Bezos said the eCommerce giant was working on a 30-minute drone delivery program called Prime Air, people have been saying that delivery is the big retail use case for drone technology. Domino’s furthered the point by delivering a pizza by drone in 2016. Patent and Trademark Office.

Retail 151

Retail Technology Survey Course 151

PYMNTS

OCTOBER 23, 2019

That’s just one example of how POS innovation is filtering down to the world of small and medium-sized businesses (SMBs) everywhere — and how, in turn, better POS technology and deployment are making for richer consumer experiences. The average American ate out 185 times in 2018 — dropping from 216 times in 2000.

Retail 101

Retail System Mobile Innovation 101

PYMNTS

AUGUST 3, 2017

Now that Bitcoin Cash is in the picture, the issue that comes to mind is how this will affect the seedling of innovations that are popping up in mainstream use of digital currency. In fact, very few are discussing the future of Bitcoin Cash in the retail industry.

Bitcoin 101

Bitcoin Retail cryptocurrency Regulation 101

NCR

JUNE 29, 2017

The region – and in particular large, fast-growing economies such as China – has proved to be a fertile breeding ground for innovation for the sector. ” One of the key reasons for this is a much more positive regulatory environment, which is now working to stimulate payment innovation rather than stifle it.

Innovation 45

Innovation Regulation Payments Regional 45

Abrigo

MAY 8, 2024

WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. Nevertheless, understanding the technology is crucial.

Examples 221

Examples Fraud Resources Risk Management 221

South State Correspondent

JANUARY 3, 2024

These books span a range of banking topics but emphasize second-order thinking, productivity, building client relationships, and innovation. This work offers bankers a set of rules for successfully capitalizing on innovation and a guide of when bankers should innovate and when not.

Leadership 370

Leadership Management Strategy How To 370

PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. BMO on Taking a Digital-First Approach to Retail Banking. Bank client preferences have moved toward self-service technologies over branch visits in recent years because of ease of use and improved convenience.

Cards 131

Cards Technology social media Meeting 131

PYMNTS

JULY 11, 2017

The basis of innovation is not the desire to create something new or even the inspiration to do so. Innovation occurs where there is a problem and a person with the tools to solve it. Anyone can have a good idea,” Lowthers said; innovation is about what you do with it. PYMNTS: Where do you look for innovative ideas, and why?

Innovation 101

Innovation social media Security Leadership 101

PYMNTS

OCTOBER 21, 2019

However, most people assumed that was survivable, and that the new millennia — powered by the emerging, mysterious technology known as “the internet” — was going to be a great place to live. We have the end-to-end guide — and the lessons learned during the ride by the innovators who had a first-row vantage points.

Innovation 131

Innovation Payments Apple Mobile 131

PYMNTS

JANUARY 18, 2022

The CEO and CFO of the BitMEX cryptocurrency derivatives exchange announced today that they have reached an agreement to purchase a 268-year-old German bank in order to establish “a one-stop shop for regulated crypto products in Germany, Austria, and Switzerland.”. Regulated” is a word Höptner returned to repeatedly in the announcement.

Regulation 169

Regulation cryptocurrency Groups Innovation 169