Insights on Business

JUNE 11, 2019

Compared to traditional data centers, I believe that cloud computing has several characteristics that make it an attractive platform for risk management. First of all, the compute requirements for risk management can vary over time.

Risk Management 87

Risk Management Management Examples Resources 87

PYMNTS

NOVEMBER 12, 2020

Payments Canada is teaming up with Mastercard’s Vocalink for clearing and settlement for the country’s new real-time payments system, the Real-Time Rail (RTR). Mastercard’s Vocalink’s clearing and settlement solution supports Payments Canada requirements, including ISO 20022 and the Bank of Canada’s risk management standards. “As

Payments 345

Payments Innovation Risk Management System 345

Insights on Business

JANUARY 8, 2019

IBM 50Q: An IBM cryostat wired for a 50 qubit system. But what has this got to do with risk management I hear you ask? For more information how IBM can help you and your organization innovate now and in the future, please visit ibm.com/regtech. Quantum computing is real, even if still in the infancy stage.

Risk Management 107

Risk Management Management Course Big Data 107

Insights on Business

JULY 30, 2019

we mean – at minimum – modernizing outdated risk systems and optimizing infrastructure in order to ready the organization for current and future success. “A A key challenge for banks is the lack of systems needed to efficiently aggregate data from across the banking group for use in. And by “transformation.”

Risk Management 70

Risk Management Analytics Technology Management 70

PYMNTS

NOVEMBER 9, 2017

More than a third (36 percent) of survey respondents said fraud monitoring and risk mitigation are the areas in which CFOs are most falling short. That’s followed closely by performance risk management and strategic/operational risk management, each cited by 32 percent of survey respondents as areas in which CFOs fail to deliver.

Risk Management 107

Risk Management Fraud Management Survey 107

PYMNTS

MAY 23, 2017

Innovation is happening at the speed of payments — which, as it turns out, can be pretty fast these days. The essence of every week is reviewing business performance and forecasts, discussing opportunities, predicting and mitigating risks, looking for small openings for transformation and innovating.

Innovation 190

Innovation Payments Compliance Risk Management 190

Abrigo

OCTOBER 17, 2023

Takeaway 3 Institutions can not only navigate the challenges of the modern financial landscape but also thrive in it with sound change management processes. This article describes recent comments by financial regulators about managing change. Risk mitigation : Change, when not managed properly, can introduce risks.

Management 195

Management Lending Risk Management Strategy 195

South State Correspondent

APRIL 4, 2024

An aging population, higher federal debt as a percentage of GDP, and higher interest rates will change the way community banks view risk, manage relationships, use technology, and generate revenue. Community banks must deliver best-of-class treasury management products to capture this valuable banking product.

Risk Management 195

Risk Management Community Bank Policies Community 195

PYMNTS

APRIL 26, 2017

Jean-Luc Robert, chairman and CEO at Kyriba , talks about his approach to innovation and what is critically important about payments in today’s market. Q: How would you define your company’s approach to innovation? A: We focus on innovating business value that meets business demand. At Kyriba we see technology as an enabler.

Risk Management 100

Risk Management Management Innovation Resources 100

PYMNTS

JANUARY 9, 2020

Resilience360, incubated in DHL’s global Innovation Center , provides a continuous supply chain risk assessment and monitoring service. It’s now a stand-alone company, managed by holding company Rising Tide Digital and created by Columbia Capital to invest in disruptive supply chain technologies. .

Innovation 130

Innovation Analytics Capital Management 130

FICO

DECEMBER 15, 2020

I’m thrilled that FICO has been named as the Category Leader for Innovation in the recently published 2021 Chartis RiskTech 100. Additionally, FICO was recognized as one of the top six overall risk management technology vendors and won Category Leader for AI Applications and Financial Crime-Enterprise Fraud.

Innovation 52

Innovation Risk Management Analytics Management 52

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. . It’s great that more financial institutions are welcoming technological innovations, but banks and credit unions must consider the long-term impact of their partnerships. DOWNLOAD WHITEPAPER .

Fintech 195

Fintech How To Innovation System 195

PYMNTS

OCTOBER 14, 2019

Complex regulatory demands, for instance, are a major headache, leaving supply chains at risk for noncompliance when operating with suppliers and business partners in new markets — often with unfamiliar compliance requirements. “I really do feel that that is where supply chain is going next,” he said. ”

Data 134

Data Innovation Analysis Risk Management 134

Abrigo

MAY 22, 2024

Innovation Tips for boosting small business market share Banks and credit unions looking to increase small business lending in a way that fits their customer or members' needs along with the institution’s risk, return, and strategic goals are increasingly revamping their processes and systems. economic ecosystem.

Lending 195

Lending St. Louis Community Marketing 195

Abrigo

APRIL 22, 2024

Innovation How to create growing, profitable small business lending Banks and credit unions looking to grow small business lending in a way that fits their customer or members' needs along with the institution’s risk, return, and strategic goals are increasingly revamping their processes and systems. economic ecosystem.

Lending 243

Lending St. Louis Community Marketing 243

Insights on Business

JUNE 27, 2018

IBM RegTech Innovations. Asset liability management (ALM) and liquidity risk (LR) are top of mind for banks as the pressure from today’s regulatory environment heats up. Financial institutions then must pool data and use other tricks to push data through existing ALM systems to get weekly results at best.

Big Data 151

Big Data Data Risk Management Analytics 151

South State Correspondent

MARCH 14, 2024

The bank that will be around in the next 50 years will be one that develops the ability to build infrastructure now that allows for efficient innovation in the future. New products, new business lines and new ideas will drive long-term value and many banks are hindered by their technology and reliance on their core systems.

Innovation 195

Innovation Strategy Capital Comparison 195

Abrigo

MAY 8, 2024

Seeing generative AI use cases can help bankers, risk managers, and financial crime professionals better understand it. They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience.

Examples 221

Examples Fraud Resources Risk Management 221

Insights on Business

JULY 31, 2018

IBM RegTech Innovations. Armanta’s technology platform allows financial institutions to aggregate data across multiple systems in near real-time speed. We caught up with Peter Chirlian, CEO of Armanta, an IBM Company, to tell us more about Armanta’s innovative approach to aggregation and risk analytics.

Innovation 133

Innovation Analysis Analytics Risk Management 133

PYMNTS

MAY 19, 2017

In the complex payments space, it’s often innovate-or-die, especially when it comes to cross-border payments methods and payments technologies. PYMNTS: How would you define your company’s approach to innovation? Technological innovation is the backbone of WEX — we’re a technology company first.

Innovation 123

Innovation Payments Technology Security 123

PYMNTS

NOVEMBER 2, 2017

And when you go onto the web, you face purely technical risks, when you have to be sure your systems are protected and secure, and you have the proper checks and balances in order to see and move money.”. Risk, of course, is a broad term, and Davey added that there are additional risks like financial, liquidity, operational and more.

Innovation 100

Innovation Risk Management Security System 100

PYMNTS

DECEMBER 2, 2020

P97 Networks and Cybersource, Visa ’s international payment and fraud management platform, have unveiled a new multi-year international partnership to provide mobile payment acceptance tools that come with integrated risk management for fuel and convenience merchants, according to a Wednesday (Dec.

Payments 205

Payments Risk Management Fraud Mobile 205

Perficient

NOVEMBER 27, 2023

An ideal solution combines top-performing analysts with innovative AI. Ideally, process mining combines sophisticated mathematical models and algorithms with human expertise to discover patterns, analyze, and quantify improvement areas across all systems involved in a process. what was done).

Industry 221

Industry Regulation Compliance Data 221

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

Insights on Business

JUNE 19, 2019

Today, IBM received recognition by Risk.net for both “Financial Crime Product of the Year” for IBM Safer Payments as well as “Best Vendor for Innovation.” And though we’re not here for the awards, this type of recognition does help validate that our new approach to how financial crime threats is not only innovative.

Innovation 116

Innovation Compliance Fraud Strategy 116

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

APRIL 10, 2019

The State of Risk Oversight: An Overview of Enterprise Risk Management Practices ,” a new report released by the American Institute of CPAs ( AICPA ) and North Carolina State University’s Enterprise Risk Management ( ERM ) Initiative), surprisingly only mentions cyber risk a handful of times.

North Carolina 136

North Carolina Risk Management Leadership Survey 136

Bobsguide

FEBRUARY 22, 2022

Through focused, innovative products, services, and a redefined operating model, BDB has been stimulating and driving entrepreneurial activity in the country. It will interface with technology offerings from TCS’ partners for CRM, sales, risk management and other enterprise functions.

Innovation 78

Innovation Customer Experience Strategy Operations 78

South State Correspondent

JUNE 13, 2022

Banks that are looking to enhance their risk management practices should consider incorporating the concept of the velocity of risk into their enterprise-wide risk management practices. Some risks occur slowly; others strike quickly and hard. Optimizing Risk. Putting Velocity of Risk into Action.

Risk Management 195

Risk Management Examples social media Management 195

Gonzobanker

NOVEMBER 2, 2023

Trying to manage this fast-paced environment with annual plans, static operating budgets and gatekeeping project management offices is proving too slow and clunky for an industry that has innovators delivering new apps at 10x the pace of traditional banks. Once they run buzzwords and innovations through management’s “B.S.

Leadership 155

Leadership Industry Management Resources 155

Insights on Business

DECEMBER 7, 2016

Legacy systems, not fintech (November 2016), by Mike Gardner seemed to go viral on my Twitter stream. In the article, Mike describes huge losses for JP Morgan and the collapse of MF Global caused by IT systems and the use of inappropriate tools that may have been put in place more than 25 years ago. Do you agree?

System 70

System Fintech Innovation Industry 70

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

Abrigo

FEBRUARY 6, 2024

It is imperative for community financial institutions to adopt innovative technology solutions that protect customer funds without impacting the customer experience.” Enterprise risk management is a complex process that pays for itself through cost reduction, brand and reputation enhancement, and bottom-line success.

Fraud 221

Fraud Training Trends Regional 221

PYMNTS

APRIL 18, 2018

Treasury management system provider GTreasury announced it reached a deal to acquire risk management and compliance software company Visual Risk , reports in Mondo Visione said Tuesday (April 17).

Compliance 100

Compliance Risk Management Tools Software 100

Abrigo

AUGUST 6, 2021

Takeaway 2 Community banks are at a crossroads: innovate or be left behind (or acquired). 1 Today, community banks are at a critical crossroads: innovate or be left behind (or acquired). . Technology can help streamline and automate many manual lending processes, reduce compliance costs, and enhance risk management.

Community Bank 195

Community Bank Community Kansas City Lending 195

PYMNTS

NOVEMBER 19, 2019

Cryptocurrency risk management platform TRM Labs announced that it has raised $4.2 Founded in 2018, TRM helps financial institutions across the US, Latin America, Asia and Europe to measure, monitor and mitigate their cryptocurrency risk exposure, enabling them to simplify customer due diligence and meet regulatory requirements. “By

cryptocurrency 103

cryptocurrency Risk Management blockchain Capital 103

Bobsguide

MAY 8, 2022

A recent GFT survey revealed that 95% of banks adopt cloud to improve time to market, while 86% of them do it to improve innovation and scalability. Although these objectives might seem ambitious, they are achievable if the transition to cloud is regarded as an opportunity to re-imagine systems and applications.

Compliance 166

Compliance Risk Management Digital Banking System 166