Perficient

FEBRUARY 24, 2021

2020 was a year that challenged companies in every industry to not only adapt to an increasingly digital world, but to innovate quickly and accelerate their digital initiatives to survive in the competitive marketplace. Industry Regulations. Industry Regulations. The digital world is global, now, more than ever.

Software 294

Software United States Strategy Regulation 294

Abrigo

APRIL 18, 2022

Innovation is key in the world of decentralized currencies The United States will have to be creative to stay competitive globally as digital assets enter the mainstream. Takeaway 3 As global interest in digital assets continues to rise, expect to see more regulation and even centralization of digital currency.

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

PYMNTS

JANUARY 13, 2021

In today’s top payments news around the world, Globe Fintech Innovations has landed $175 million in additional venture funding, while Airtel has teamed with Amazon to launch a mobile-only video entertainment platform. UK, EU Begin Negotiations Over Financial Services Regulation. 26, according to the report.

Video 130

Video United States Mobile Payments 130

CFPB Monitor

SEPTEMBER 19, 2019

The CFPB has published a notice in the Federal Register seeking ideas on how it can use Tech Sprints to advance regulatory innovation and compliance. Small teams include participants from both the regulator and a diversity of entities to ensure the inclusion of regulatory, industry, and technology perspectives.

Innovation 60

Innovation Compliance United States Regulation 60

Celent Banking

JANUARY 26, 2017

British Prime Minister Theresa May visits the United States this afternoon to address a gathering of Republican lawmakers in Philadelphia, followed by a visit to the White House tomorrow. A blog entry by my colleague Patty Hines represents an excellent summary of this report.

Regulation 100

Regulation Policies Philadelphia Fintech 100

PYMNTS

MARCH 30, 2020

The American workforce shifted to telecommuting almost overnight, and regulators have found ways to shorten decision making that once took months and years into hours and days. All panel participants noted that healthcare has not been an industry focused on digital innovation — either in terms of the provision of care or in paying for care.

Innovation 147

Innovation System United States Tools 147

CFPB Monitor

AUGUST 15, 2018

Last week the CFPB announced an initiative to create a Global Financial Innovation Network (GFIN) with 11 other financial regulators and related organizations across the globe. Develop a “global sandbox” for business to consumer (B2C) or business to business (B2B) firms to trial and scale new technologies in multiple jurisdictions.

Regulation 68

Regulation Fintech United States Innovation 68

PYMNTS

AUGUST 24, 2020

Following the adoption of new rules intended to make it easier for companies to hold initial public offerings (IPOs), some Chinese technology companies newly listed on the ChiNext exchange board of the Shenzhen Stock Exchange soared on their first day of trading, CNN Business reported. technology sector. "We

Marketing 152

Marketing United States Groups Technology 152

PYMNTS

AUGUST 3, 2018

Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves players with only those two stark choices, according to Bruce Parker, founder and CEO of Modo , which describes itself as a “cloud-based utility” that enables payment system interoperability.

Fintech 115

Fintech United States Regulation Innovation 115

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

CFPB Monitor

OCTOBER 18, 2022

The letter cites benefits to consumers and the economy afforded by innovation and “new financial products and services” available due to bank-fintech partnerships, which “foster greater inclusion and competition in our financial system”: Let us be clear.

Fintech 78

Fintech United States Community Innovation 78

PYMNTS

OCTOBER 9, 2020

Britain’s top antitrust regulator proposed Friday (Oct. 9) that the country contemplate creating a new regulatory unit whose approval would be required before any dominant technology company could make an acquisition in the country. may be entering an era of more robust regulation. Coscelli said the U.K.’s

Regulation 183

Regulation United States Marketing Conference 183

PYMNTS

MAY 28, 2018

To make sure they can compete with the United States and China, France and Germany want an EU-wide initiative that will fund innovation and research in tech startup projects across the region. According to Reuters , Europe has lagged behind the United States in developing new technologies. billion euros ($1.75

US 108

US United States Samsung Innovation 108

PYMNTS

APRIL 30, 2020

The COVID-19 pandemic has caused an impact on open banking developments worldwide as regulators, financial institutions (FIs) and businesses set their sights on helping their current customers rather than future innovations. where regulators have been workshopping potential rules for several years. Seventy percent of U.S.

Regulation 188

Regulation Regional Data United States 188

PYMNTS

DECEMBER 8, 2020

A recent survey of the 20 largest United States financial institutions (FIs) found that 20 percent still force customers to complete onboarding by visiting bank branches or speaking on the phone, with full online sign-up not allowed. Capital Float On Using Video-Based KYC To Boost Onboarding, Satisfy Regulators.

Video 211

Video Report Meeting United States 211

CFPB Monitor

JANUARY 3, 2019

Our guest for this week’s podcast is Paul Watkins, Director of the CFPB’s Office of Innovation. The Office has taken over the Bureau’s work that was formerly done under Project Catalyst, the initiative launched by the CFPB in 2012 for facilitating innovation in consumer financial products and services.

Arizona 60

Arizona Innovation Policies United States 60

PYMNTS

SEPTEMBER 17, 2020

Countries with the most sizable count of BTMs are developed nations like Britain, Canada and the United States. There, people need to change a nation's money for cryptocurrency that isn’t regulated by a government or connected with it. On another note, the Science and Technology Directorate ( S&T ) arm of the U.S.

Bitcoin 178

Bitcoin ATM Security cryptocurrency 178

Gonzobanker

AUGUST 24, 2023

This decade-long crisis touches banks’ products, technologies, people, processes and the political climate. This crisis touches banks’ products, technologies, people, processes and the political climate. Every management fad has a life cycle, and the innovation fad is on its last legs. 2) Zombie cores.

Innovation 146

Innovation United States Industry Technology 146

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. Bank client preferences have moved toward self-service technologies over branch visits in recent years because of ease of use and improved convenience. Kobe Bryant’s VC Firm Holds More Than $2B in Assets .

Cards 131

Cards Technology social media Meeting 131

PYMNTS

MAY 21, 2020

In the United States, the digital dollar was floated in a draft proposal of one of the early stimulus bills. Patent and Trademark Office that would create a digital currency underpinned by blockchain technology. A central entity may be a central bank which regulates a monetary supply,” the company wrote. “A

United States 244

United States Regional cryptocurrency Retail 244

CFPB Monitor

JULY 14, 2022

On July 8, with limited fanfare, the Department of Treasury issued a request for public comment regarding the March 9, 2022 Executive Order entitled “Ensuring Responsible Innovation in Digital Assets” (the “Order”). leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation.”

United States 78

United States Leadership Policies Regulation 78

PYMNTS

AUGUST 22, 2019

Sports brands are thus looking to a host of new technologies, like contactless payments, and even virtual reality technology, to accommodate a new generation of mobile users. Consumers are set to spend $23 billion buying mobile tickets for sports and gaming events by 2023.

Atlanta 161

Atlanta United States Online Mobile 161

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

Abrigo

FEBRUARY 8, 2022

Takeaway 1 NBFIs are agile and innovative and are competing head-to-head with traditional financial institutions. Takeaway 2 NBFIs should ensure their AML programs are sound and pass the scrutiny of FinCEN and their primary regulators. Stay up to date on regulations affecting NBFIs and other BSA trends. DOWNLOAD .

Compliance 195

Compliance Training Regulation Fraud 195

PYMNTS

AUGUST 21, 2019

In the latest Digital Banking Tracker , PYMNTS examines how legacy banks are approaching innovation among the rising tide of challenger banks and smaller FinTech startups, as well as how they’re approaching authentication and security as customers continue to demand more convenience and speed. Considering 76 percent of U.S.

Trends 194

Trends Digital Banking Innovation Regional 194

PYMNTS

AUGUST 18, 2019

This approval demonstrates New York’s competitiveness as a hub of innovation and leadership in emerging technologies.”. This now enables us to offer institutional-grade custody via the Bakkt Warehouse alongside the federally regulated Bakkttm Bitcoin Futures contracts.”. 16) in a press release.

Bitcoin 165

Bitcoin New York United States Leadership 165

PYMNTS

SEPTEMBER 25, 2018

A report by the Bank for International Settlements (BIS) found that when it comes to credit done through nascent technological platforms, boons and risks are afoot. The fact remains that credit availability has widened, the report stated. When it comes to FinTech firms and lending, might it be that what we don’t know could hurt us?

Fintech 172

Fintech Lending United States Regulation 172

PYMNTS

NOVEMBER 18, 2019

As the movie industry goes through more changes with technological innovation, with new streaming businesses and new business models, it is our hope that the termination of the Paramount decrees clears the way for consumer-friendly innovation,” said Delrahim. In a speech on Monday (Nov.

United States 100

United States Innovation Regional Apple 100

PYMNTS

MAY 29, 2018

It’s beginning to feel like two kids talking smack in a high school hallway — except, in this case, billions of dollars are involved, along with issues of privacy and innovation. technological might when it comes to social media, eCommerce and the digital world. technology giants. remains the No.

social media 100

social media US Regulation United States 100

PYMNTS

JANUARY 11, 2021

Although blockchain technology and Bitcoin, its best-known inhabitant, have been around for 10 years, the world is just now entering a seismic transition from holding account-based assets to a system that uses token-based digital assets. Hamstringing American Innovation. s ability as a country to effectively innovate.

blockchain 193

blockchain Bitcoin Regulation System 193

CFPB Monitor

MARCH 15, 2022

The complaint recites that prior to 2019, the Bank entered into a contractual arrangement with OppFi (Program) pursuant to which the Bank uses OppFi’s technology platform to make small-dollar loans to consumers throughout the United States (Program Loans).

California 78

California Innovation Utah West Virginia 78

Chris Skinner

MARCH 17, 2017

For example, there is a major meme in the OCC’s paper about financial inclusion, and the White House paper’s clear objective for financial services included the line: “strengthen financial inclusion and health in the United States and abroad”. See Supporting Responsible Innovation in the Federal Banking System: An OCC Perspective.

Apple 307

Apple Innovation Fintech United States 307

Abrigo

NOVEMBER 17, 2023

In assessing the true cost of fraud, Gartner, the respected technological research and consulting firm, has coined three distinct pillars of fraud costs. The race against fraudsters involves a continuous outlay of cutting-edge technologies designed to safeguard against intrusion and theft. They should always be.

Fraud 195

Fraud Training Trends Compliance 195

Abrigo

SEPTEMBER 13, 2022

As stated by the Federal Financial Institutions Examination Council (FFIEC), transaction monitoring and reporting are critical to the United States’ ability to combat financial crime. Technological advances in transaction monitoring. BSA Rules and Regulation. BSA Rules and Regulation. Watch Webinar.

Software 195

Software Resources Training Compliance 195

Abrigo

NOVEMBER 2, 2021

The BSA , adopted in 1970, has not had a significant overhaul since the USA PATRIOT Act (commonly known as the Patriot Act) in 2001 in response to the September 11 terrorist attacks on the United States. AML A is significant in U.S. financial institutions. Much is at stake when a business anywhere puts its reputation at risk."

Compliance 195

Compliance Regulation Resources Policies 195

The Paypers

FEBRUARY 20, 2018

(The Paypers) The United States’ CFTC has teamed up with the United Kingdom’s FCA to collaborate on a framework for financial technology (fintech) innovation and regulation.

Regulation 28

Regulation Fintech United States US 28

PYMNTS

MARCH 17, 2017

But on the second day of Innovation Project 2017, eyes were beyond Beantown and cast toward the world at large. The money flow — between, say, the United States and Mexico, or as remittances evolve in newly (almost) cashless India — may be embracing technology, but interactions between banks, wires and processors are still required.

Innovation 103

Innovation Lending Boston Security 103