Perficient

NOVEMBER 27, 2023

In the dynamic environment of highly regulated industries like healthcare and financial services, leaders often balance competing goals to delight customers while cutting costs. This blog was co-authored by Carl Aridas and Joel Thimsen. Build a reliable risk management strategy using accurate estimations and predictions.

Industry 221

Industry Regulation Compliance Data 221

Bank Innovation

MAY 29, 2018

billion only days before its IPO to major regulations such as GDPR going live last week. Here are some of the important trends that Bank Innovation pulled out of the fintech chatter […]. A lot happened in the digital banking world this month, from major events in the payments worlds like PayPal acquiring iZettle for $2.2

Trends 246

Trends Fintech Innovation Digital Banking 246

Abrigo

MAY 19, 2023

Introduction How regulators define successful loan reviews Mark Twain observed, “A thing long expected takes the form of the unexpected when at last it comes.” So, let’s get a sense of what regulators specifically expect loan review to do, and let’s start with loan review systems.

System 195

System Regulation How To Lending 195

Accenture

APRIL 24, 2023

The proposed legislation aims to prevent consumers getting into unmanageable debt while still allowing them the option to spread the cost of their purchases over… The post BNPL regulation and its potential impact on UK banks appeared first on Accenture Banking Blog.

Regulation 195

Regulation Trends Payments 195

CFPB Monitor

AUGUST 12, 2022

On July 29, 2022, the New York Department of Financial Services (“NYDFS”) released Draft Amendments to its Cyber Security Regulations. The Amendments, if adopted, would further regulatory trends and impose important new requirements on covered entities. The Amendments contain three significant changes relating to ransomware.

Regulation 147

Regulation Cyber Security New York Trends 147

Payments Dive

NOVEMBER 16, 2022

The CEOs of Brex, Splitit and Paystand weigh in on what’s to come in the year ahead, commenting on the trends, challenges, regulation and M&A.

Trends 455

Trends Regulation Payments 455

Abrigo

AUGUST 27, 2020

Regulators have determined there are five top hot topics that institutions should expect during their next exam. Early communication with your regulator is key to understanding the struggles and successes of managing a BSA/AML program during a global pandemic. 5 Things Regulators Will Look For In Your Next Exam. Fraud Trends.

Regulation 195

Regulation Fraud Compliance Trends 195

Bank Innovation

NOVEMBER 6, 2017

Chinese and Australian regulators are partnering up on fintech. The deal will give each country more insight into emerging fintech trends taking place in the other region, according to the regulators. […].

Regulation 207

Regulation Fintech Regional Trends 207

Jeff For Banks

APRIL 4, 2024

These were up-and-coming bankers, the future leaders of our industry, identifying industry trends that will have the greatest impact on their bank, in no particular order. Shadow Banking This trend seemed very specific to current commercial lender anxiety today. Our tortoise approach worked when Baby Boomers controlled the wealth.

Banking Trends 113

Banking Trends Trends Millennials Oregon 113

Abrigo

AUGUST 27, 2020

Regulators have determined there are five top hot topics that institutions should expect during their next exam. Early communication with your regulator is key to understanding the struggles and successes of managing a BSA/AML program during a global pandemic. 5 Things Regulators Will Look For In Your Next Exam. Fraud Trends.

Regulation 195

Regulation Fraud Compliance Lending 195

Gonzobanker

JANUARY 4, 2022

These fintech and banking trends should be on financial institutions’ radar in the year ahead. This list of top banking and fintech trends for 2022 won’t tell anyone anything they haven’t already heard about. what trends should be on their strategic priority list for the coming year. Trend #1: The Great Overdraft Overhaul.

Trends 188

Trends Fintech social media Strategy 188

The Financial Brand

JANUARY 11, 2024

This article Trends 2024: Consumers Will Drive Open Banking, Not Regulators appeared first on The Financial Brand. This article Trends 2024: Consumers Will Drive Open Banking, Not Regulators appeared first on The Financial Brand. Marketplace forces are finally pushing the U.S. toward open banking. Why that's good news.

Trends 24

Trends Regulation Branding Banking Trends 24

Accenture

MARCH 23, 2017

I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. We think about RegTech as technology that lowers the “cost” (technical, physical, monetary) of regulation by using technology. Regulators have a key role to play, too.

Regulation 150

Regulation Industry Trends Compliance 150

Accenture

MARCH 23, 2017

I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. We think about RegTech as technology that lowers the “cost” (technical, physical, monetary) of regulation by using technology. Regulators have a key role to play, too.

Regulation 150

Regulation Industry Trends Compliance 150

PYMNTS

JULY 2, 2020

The direct-to-consumer (DTC) trend attracted another big name this week, as Corona beer’s parent company, Constellation Brands , acquired media agency owner Gary Vaynerchuk’s Empathy Wines. The acquisition comes as states have widely varying regulations regarding on-premise dining and drinking. But the pandemic is changing that.

Trends 216

Trends Company New York City Branding 216

PYMNTS

NOVEMBER 27, 2020

Compliance with financial regulations market-to-market around the globe is increasingly automated yet relies on the same human emotion that undergirds all forms of exchange: trust. In other words, banks and financial institutions (FIs) have an obligation to make sure you are who you claim to be.

Compliance 198

Compliance Regulation Payments Study 198

PYMNTS

JULY 1, 2020

Keeping up with customers’ shifting behaviors and preferences amid changing regulations is a familiar challenge for today’s small- to medium-sized businesses (SMBs), but the pandemic’s impact on the scale of digital payments has steepened the learning curve for these merchants. One study found that card-not-present (CNP) transactions rose 29.7

Regulation 160

Regulation Payments Study Online 160

Abrigo

DECEMBER 22, 2023

Download now Takeaway 1 AML/CFT and fraud professionals often keep up to date on industry trends by reading Abrigo's blog. Reports on the blog helped thousands of financial institution professrionals stay on top of trends and harness expert advice. Here are Abrigo’s 10 top AML and fraud blogs in 2023.

Fraud 221

Fraud Training Compliance Trends 221

PYMNTS

JANUARY 1, 2021

There was another inconspicuous but remarkable dimension to these trends, however. regulations.”. As told by Citi and GE , the pandemic prompted a massive online shift as stores closed and consumers became wary about venturing out. We also have warning messages that remind people to only send money to people they know and trust.”.

Trends 259

Trends Video Retail Payments 259

Payments Dive

JUNE 27, 2023

The buy now, pay later trend faces a starkly different environment than the one in which it gained traction. Regulation looms, the economy has worsened and investors are demanding profits. It’s all a test of BNPL’s long-term footing.

Trends 195

Trends Regulation 195

PYMNTS

AUGUST 6, 2020

Corporates crave fast payments from banks, but financial institution (FI) payments are often hamstrung by regulations and cross-border frictions that FinTechs do not face. For more on these and other payments modernization news items, download this month’s Tracker. How Customer Expectations Have Driven Payments Innovation. About The Tracker.

Regulation 245

Regulation Payments Innovation Fintech 245

Banking Exchange

MAY 19, 2021

Corporation is the latest regulator to respond to the rapidly growing fintech market Compliance Technology Feature3 Fintech Blockchain Feature Financial Trends Bitcoin Cryptocurrency Compliance Management Compliance/Regulatory.

Regulation 78

Regulation FDIC Compliance Bitcoin 78

Perficient

JULY 11, 2022

Consumer advocate groups and regulators have also brought forth concerns about the ramifications of BNPL existing outside of the normal credit-reporting system. Some have even gone as far as to label BNPL services as exploitative of young and lower-income people.

Fintech 474

Fintech Trends South Dakota Apple 474

South State Correspondent

NOVEMBER 15, 2016

In 2016, as an industry, banks started to embrace the power of social media which has now morphed into a trend of focusing on mobile. Tax reform, trade, less regulation, higher interest rates and new programs will have households and businesses yearning for more financial analysis.

Trends 150

Trends social media Marketing Taxes 150

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

New York 221

New York Compliance Regulation Analysis 221

Banking Exchange

DECEMBER 15, 2021

Roadmap on digital asset investment and regulation to be released next year Technology Feature3 Feature Financial Trends Digital Cryptocurrency Bitcoin.

Regulation 78

Regulation Bitcoin cryptocurrency Trends 78

Abrigo

FEBRUARY 14, 2024

What tasks are required per regulations? Stay up to date on AML/CFT and fraud trends. We can help you navigate changing AML/CFT and fraud regulations. Who performs those tasks? How often are they performed? Are there multiple people assigned to projects or tasks to share responsibilities?

Training 195

Training Fraud Compliance Regulation 195

PYMNTS

MAY 23, 2018

In the May Digital Identity Tracker , PYMNTS examines how players from around the space are looking to safeguard consumers, from new security software to newly debuted regulations from governments around the world. Governments and regulators around the world are also stepping into the fight against fraud. Notable Digital ID News.

Trends 125

Trends Strategy Minneapolis Fraud 125

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

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence Perficient’s Risk and Regulatory Center of Excellence (CoE) remains at the forefront of evolving financial rules and regulations, ensuring readiness to tackle emerging challenges and safeguard financial institutions and its customers.

Compliance 221

Compliance New York Regulation Analysis 221

PYMNTS

FEBRUARY 16, 2017

According to Bloomberg , the Monetary Authority of Singapore published a new consultation paper that revealed new and existing venture capitalists will no longer be subject to the same rules that apply to fund managers overall, including capital requirements and business conduct regulations.

Regulation 183

Regulation Capital Fintech Innovation 183

PYMNTS

SEPTEMBER 4, 2019

B2B payments and international money transfer company B2B Pay has announced plans to become a regulated financial institution, and is looking to investors to fuel its growth. Its focus on API banking is aligned with the broader cross-border B2B payment industry trend in support of API integrations and open banking business models.

Regulation 148

Regulation cryptocurrency blockchain National 148

Abrigo

FEBRUARY 12, 2020

Despite expectations for growth, bankers, regulators, investors, and others are watchful about potentially lower returns and credit risks ahead. And regulators have urged financial institutions to prepare for an eventual cyclical change while credit performance remains strong – and to do so as they originate new loans and in credit reviews.

Lending 195

Lending Trends FDIC Survey 195

PYMNTS

NOVEMBER 16, 2020

The major price swings are “exactly the kind of thing that sustains a long-term trend,” said Fitzpatrick in the report, according to CoinDesk. Virtual assets do not include digital representations of fiat currencies, securities and other financial assets that are already covered elsewhere in the FATF Recommendations.”.

Bitcoin 296

Bitcoin Regulation Innovation Security 296

Independent Banker

JANUARY 31, 2023

Photo by Zutik by Andoni/Stocksy Data analysis can illuminate patterns and trends in your customers’ transactions. While it provides line of sight into customer actions and behaviors, how it’s interpreted and applied matters, and there are ways to approach its review to inform payments strategies and ensure an accurate picture of trends.

Community Bank 91

Community Bank Community Trends Payments 91

Perficient

AUGUST 23, 2021

We see support for this trend, as 90% of large organizations have hired a chief data officer. So, how does an insurance provider respond to this trend and the increasing number of regulations around data privacy (think GDPR or CCPA)? Analysts predict that there will be 175 zettabytes (that’s one trillion gigabytes!)

Data 508

Data Analytics Trends Fraud 508

PYMNTS

NOVEMBER 16, 2018

But the checks by banks help to quell these kinds of violations, so the situation has caused frustration for regulators. The FSB, however, did seek to stem the downward trend in correspondent banking through clarifications to expectations of banks and smoother customer checks.

Regulation 190

Regulation National Survey Regional 190