Three success factors in security operations

Insights on Business

The model delivers better customer experiences, creates operational efficiencies, and can lead to new revenue sources. They are looking for end-to-end security operations that are flexible and scalable, data-driven and applied with automated, operational accuracy.

Three Crypto Operators Sued By US Regulator

PYMNTS

In the latest sign of regulatory action in the virtual currency realm, the Commodity Futures Trading Commission (CFTC) has filed a lawsuit against three virtual currency operators, with allegations that the trio had defrauded customers. In addition, the regulator charged, the three operators broke laws governing commodity trading. The newspaper noted that these are the first actions that come against operators since bitcoin futures were launched in December of last year.

MasterCard strengthens ties to mobile network operators

Mobile Payments Today

The Purchase, New York-based card network has already helped MNOs such as Vodafone Ukraine, Digicel Group in the Caribbean, Viettel Telecom in Vietnam and Taiwan's Chunghwa Telecom to roll out various services related to digital payments

Bank Expenditure Operational Risk

Banker to Banker

Operational risk gets the short shrift in banking. Credit and interest rate risk are the big men and woman on campus (just to throw in a back to school metaphor) while operational risk is usually relegated to the shallow end of the pool.

Rethinking the operating model: How a global bank accelerates transformation results

Insights on Business

Business model innovation only just begins once you’re on the cloud—and the leading global banks are already making the move and are now exploiting cloud for innovation – and while they do that, they are having to rethink their operating models.

Dynamics, Sprint Launch Battery-Operated Payment Card

PYMNTS

Dynamics, a unit of telecommunications firms SoftBank and Sprint, announced what it is calling the first battery-powered payment card on Monday (Jan. T he offering, dubbed Wallet Card, was unveiled during the annual Consumer Electronics Show (CES) technology conference. According to a press release highlighting the new product , Dynamics said the payment card will boast fast data breach response and replacement times.

Toys R Us Eyes Liquidation Of US Operations

PYMNTS

operations, currently in bankruptcy, according to recent Bloomberg reports. The plans come as the company has yet — and the emphasis may be on “yet” — to find a buyer for those operations or finalize its debt restructuring plans. toy and game brand entered bankruptcy protection in September 2017, and had planned to refashion both its capital and operating structures — which is typical of such strategies.

Bank Of England COO Joins New Payment System Operator

PYMNTS

The Bank of England’s chief operating officer is joining the U.K.’s s New Payment System Operator (NPSO). The Payment System Operator Delivery Group is closing to hand down operation of the nation’s payment systems to the New Payment System Operator in an effort to streamline the payment ecosystem. Payments Administration (UKPA) to provide support to payment system operators. The NPSO announced news on Wednesday (Feb.

Financial Firms Turn To Insurance For Operational Risks

PYMNTS

Cyber crime, cyber attacks and rogue traders have cost banks around the globe a lot of money, and they are increasingly turning to insurance firms to counter those so-called operational risks. According to a report in Reuters , insurers have said they can protect lenders by giving them more expertise on financial and operational risks. In one instance in which that wasn’t the case, Credit Suisse last year sold a bond that was tied to the operational risk of the bank.

Mayzus Financial Now Operating as Money Polo

Mobile Payments Today

The co-owners of a large FX business numbering about 40 thousand active clients-traders turned to us with the task to create a single payment service for the purpose of minimization of expenses for operations

Chatbots Bringing On Business Operations Revolution?

PYMNTS

Removing the shackles of the traditional 9-to-5 hours typical of a telecommunications customer service center, chatbots seem to be leading the charge for a business operations revolution. Whether someone is buying a product, attending a concert or renting a truck to move furniture, there’s some level of customer service involved. It’s the one major thread running through nearly every business.

Bank of America Turns to Electronification of Cash to Reduce Operational Costs

Bank Innovation

Capital Cards Corporate Exclusive Mobile Online Open Fintech Operations Retail artificial intelligence Bank of America credit cards Goldman Sachs Mobile banking Robotics Zelle

Mall Operators Continue To Struggle With Store Closures

PYMNTS

The earnings announcement comes as mall operators are trying to reboot in an era when the department store is no longer the anchor tenant of choice at many locations and brands like Macy’s and JCPenney continue to shutter brick-and-mortar stores. CBL (another mall operator) warned last week that Q2 would be a particularly weak point in a weak year. Things are looking somewhat better for Simon Property Group than segment watchers were expecting, as revenues clocked in at $1.4

SMB Day-To-Day Operations, Digitally

PYMNTS

For the SMB, paper is hard to part with when it comes to improving process flow and optimizing hours spent on a business day to day. In an interview with PYMNTS, Neopost SME Digital Solutions Director Erwan Kernevez said that pain points among smaller firms include the management of inventory spend and time spent dealing with manual processes.

Mall Now A Four-Letter Word For Some Operators?

PYMNTS

The Wall Street Journal reports that the “four-letter” word has been getting the boot from … mall operators. Turns out “mall” is a passé, a name, a nomer that hearkens back to the musty days of the 80s. Call them something else, then, it seems. In numerous examples cited by the financial publication, rebranding is afoot. Consider Parmatown Mall, in Parma, Ohio, which has been refashioned as The Shoppes at Parma. Hanover Mall, situated in Hanover, Mass., is now Hanover Crossing.

Operational Performance and Reliability in the Airline Industry

Perficient Financial Servies

Operational performance (or operational reliability) is about running an airline like a well-oiled machine. Naturally, fewer operational hiccups means better cost efficiency and overall financials. Tim Porter, a director and airline expert at Perficient, said, “Operational performance is a big deal to airlines. They invest billions in this because the cost of irregular operations is huge from both and economic and customer satisfaction point of view.

Walmart Reshuffles Operations As It Pushes To Stay Competitive

PYMNTS

When the going gets tough, the tough restructure their retail operations in an attempt to better facilitate change. It also announced its plans in February to consolidate buying operations. Well, they do if they’re Walmart anyway. Consolidation is coming to Walmart starting today, when six retail business units will be contracted down to four, according to a recent news release.

Building, operating and monetizing financial services apps on the IBM Cloud

Insights on Business

As the financial services industry continues to be disrupted by smaller, agile fintech startups, long-established financial institutions are looking for ways to keep pace. One approach to accomplish this is to build, deploy and even monetize next-generation apps on the IBM Cloud.

Operational Transformation – Benefits of Other Delivery Models

Perficient Financial Servies

As a recap, examples of these delivery models include: Software as a Service (SaaS) or remote hosted agreements where the application vendor provides application support and operational services. The ability to focus on strategic objectives instead of routine operational concerns. Data & Analytics Healthcare Integration & IT Modernization delivery models Operational Transformation

Key Benfits of Operating Turnkey Payment Business in European Union

Mobile Payments Today

See why many entrepreneurs are operating turnkey payment businesses without the need for a bank license Initiating a financial institution offers many challenges.

Case Study: Scalable, Customizable, & Reduce Operating Costs for Mobile Remote Deposit Capture (mRDC)

Mobile Payments Today

a2ia Mobility delivers a proven Check21 compliant application that is scalable, and reduces operating costs for financial institutions

PayPal Is Now Available in India for Domestic Operations

Bank Innovation

PayPal today announced that it would be available for domestic payments in India. The service has already been available in India for cross-border transactions, but starting today Indian customers can use PayPal in transactions with certain major domestic merchants.

FICO Announces Partnership with Operation HOPE and 200M Open Access Accounts

PYMNTS

The company announced this week its decision to partner with global financial dignity and economic empowerment non-profit organization, Operation HOPE. FICO’s Executive Vice President of its credit scores, Jim Wehmann, commented on the company’s new partnership with Operation HOPE and what it means for its customers: “FICO is excited to partner with Operation HOPE to help consumers with their financial wellbeing.

KQ Operation Pride

Bankelele

What is Operation Pride? Internally at KQ, they have Operation Pride, launched in October last year but, which started in March this year, and which KQ CEO, […]. The post KQ Operation Pride appeared first on Bankelele.

EU requires crypto operators to strengthen AML policies

The Paypers

(The Paypers) The European Council has adopted an AML directive that requires cryptocurrency exchanges operators to perform the same level of client due diligence as banks do

U.S. Bank Is Hiring An ‘Innovation Leader’ To Boost AI Operations

Bank Innovation

Corporate Exclusive Operations Security Technology AI Dominic Venturo innovation group machine learning US BankBank wants to revamp its Innovation group with a new artificial intelligence leader. The job posting is vigorous, to say the least. The new hire will be responsible for establishing an “Artificial Intelligence and Machine Learning practice within the U.S.

Free Up Operational Time With Simpler Payment Processes

PYMNTS

Jon Burrell, vice president of operations at international payments platform   Currencycloud ,  takes PYMNTS through the ways firms in B2B and beyond can keep customers happy and the coffers full — even when operating across borders, and all while the clock is ticking. That’s when operational streamlining through financial technology becomes key. Do this day in and day out, and you create operational inefficiencies that may eventually cripple a company.

Samsung Electronics Has Record Operating Profits Thanks To Memory Chips

PYMNTS

Samsung Electronics reported record operating profits for its second quarter , ending in June, and is on track to see record profits for the year thanks to demand for its semiconductors, mobile phones and televisions. Earlier Thursday (July 27), the South Korean consumer electronics company reported operating profits of $12.67 It’s also slightly higher than the operating profit it forecasted in July, reported CNBC.

Remitly Now Operating In All 50 States

PYMNTS

The move on the part of Remitly was prompted by the state giving it approval to operate in Massachusetts. “We’re Remitly, the digital remittance company based in the U.S., has expanded its services to Massachusetts. According to a report , with the addition of Massachusetts, Remitly serves all 50 states in the U.S. and also offers its services in Canada. The Seattle company, which transfers more than $1.5

German Railway Operator Ditches Mobile Ticketing

PYMNTS

Deutsche Bahn , a German railway company, announced plans to abandon its mobile ticketing payment scheme, known as Touch&Travel, due to low adoption and the continuing use of paper tickets. The company introduced mobile ticketing back in 2006 and introduced NFC technology into the system in 2007, but the offering has failed to win over a significant number of consumers.

After A Century, Barclays Steps Back From Africa Operations

PYMNTS

Management stated on the conference call that it had become increasingly difficult to operate within the region, with a slew of financial impacts extending from the region’s capital and regulatory requirements and bank levies (a form of tax).

Paygilant Fraud Tool Reduces Operational Costs For Mobile Wallet Transactions

PYMNTS

Paygilant, the frictionless mobile payments fraud detection company, announced Tuesday (April 4) it was able to show how Citi was able to reduce operational costs associated with mobile wallet transactions. Paygilant said it also introduced an ROI calculator built in conjunction with Citi that reflects how banks can reduce operational costs and save millions of dollars annually by moving transaction validation to the mobile device.

Google Teams With Portland’s Public Transport Operator TriMet for First Android Pay Virtual Transit Card

Bank Innovation

Here comes the world’s first virtual transit card in Android Pay, well at least according to Google and Portland’s public transport operator TriMet, who teamed up to unveil the Hop Fastpass. TriMet announced today that a group of TriMet C-Tran and Portland Streetcar beta testers can now load this virtual card into Android Pay and […]. Exclusive Innovations Mobile Open Fintech Payments Android Pay Google Google Pay mobile payment TriMet virtual credit cards

Managing financial risk with a strong Bank Secrecy Act and AML operating model

Accenture

Banks hoping to build a strong, reliable Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) approach should focus on a number of strategies and actions—including developing an efficient operating model. In our view, a good operating model is essential to.

Data Enablers: SigOpt’s Machine Learning Tools Help Businesses Optimize Operations

PYMNTS

From some guy’s garage in San Francisco, a group of math nerds has grown into one of the world’s finest-tuned machine learning operations. SigOpt now helps optimize fraud detection and investments like beer brewing and even the manufacturing of synthetic rhino horns. SigOpt cofounder and CEO Scott Clark said that’s because his 14 employees, like the machines they create, never stop learning.

Digital To Take Over Supply Chain Operations by 2022

PYMNTS

It can be argued that one of the oldest industries around, supply chains, is stodgy and a bit stuck in the past when it comes to innovation. However, the supply chain industry is actually currently undergoing a digital revolution. According to MHI ‘s 2017 MHI Annual Industry Report , Next-Generation Supply Chains: Digital, On-Demand and Always-On , 80 percent surveyed think digital supply chains will overtake the traditional model within the next five years.

Revolut to set up operations in Romania

The Paypers

(The Paypers) Revolut has announced the launch of its service in Romania in May 2018, allowing consumers to open app-based current accounts and make money transfers

Avoid Becoming Digital Prey: How to Optimize Operations to Transform Your Business

Perficient Financial Servies

Today’s organizations are transforming their entire business – from strategy to operations, technology to culture – to better deliver value to their customers. Today’s organizations will only be truly successful if, and when, internal business operations and systems are digitally transformed as well. Business operations is a complex environment that consists of multiple systems, processes and technologies like financial systems, CRM software, and ERP, BPM and ECM.

Asian mobile operators can disrupt the online payments industry

Mobile Payments Today

Gerri Kordes, chief business officer at Fortumo, believes the growing mobile population in the region is a good opportunity for operators there to take advantage of the growth

Operational Transformation: Reducing Cost of IT Service Delivery

Perficient Financial Servies

Examples of these type of service offerings include: Software as a Service (SaaS) or remote hosted agreements where the application vendor provides application support and operational services. Also, there may be staff cost savings due to elimination of certain operations staffing. Healthcare Integration & IT Modernization healthcare healthcare IT Operational Transformation