ZootBlog

AUGUST 16, 2019

The post Are Legacy Systems Holding Your Bank Back? appeared first on Zoot Solutions.

System 76

System User Experience Risk Management Operations 76

PYMNTS

APRIL 15, 2020

Banks are adapting to the risk management realities and complexities, while also evolving in real time toward a demanding future. Now, the full-scale relocation of all banking activity to digital channels creates the dual challenge of providing accessible, enjoyable user experiences that are also secure. “We

Fraud 201

Fraud Risk Management Security Cards 201

Perficient

FEBRUARY 4, 2021

It helps in other crucial areas of your organization, such as search engine optimization (SEO) and legal risk management. An inaccessible website will often prevent these Americans from being able to interact with your site, leading to user frustration, drop-off, and potential revenue loss.

UX 531

UX Guidelines Compliance Study 531

Insights on Business

MARCH 7, 2019

In a business environment defined by sustained market volatility and ever-increasing regulations, companies need the ability to integrate enterprise-wide risk management processes and multiple regulations. Risk cannot be seen as someone else’s job. It is both essential and the responsibility of everyone across the organization.

User Experience 93

User Experience Risk Management Compliance Regulation 93

PYMNTS

SEPTEMBER 24, 2020

And as Lisa Shields , founder and CEO of FISPAN , told Karen Webster in a recent PYMNTS TV conversation, embedding banking products and services within enterprise resource planning (ERP) systems can pave the way for chief financial officers and treasurers to do far more than simply track cash balances and pay bills.

Payments 237

Payments Data Fintech User Experience 237

PYMNTS

MARCH 16, 2018

“[APIs] are exploding now because technology seems a little less heavy, and we’re becoming more familiar with new capabilities and how it can enable us from a cost-savings and user experience perspective.”. We’re looking to partner with treasury management system [TMS] providers out there.

Risk Management 134

Risk Management Survey Management Fintech 134

Insights on Business

FEBRUARY 13, 2019

The global financial crisis of 2008 and 2009 brought a renewed focus on the governance, risk and compliance (GRC) processes within the financial institutions, who, not very long ago, viewed GRC as little more than a necessary evil – cost of doing business, which added little value. IBM OpenPages with Watson 8.0

User Experience 79

User Experience Compliance Risk Management Training 79

PYMNTS

DECEMBER 29, 2020

However, Wingert said the fact remains that many financial institutions, merchant acquirers and online stores are missing important risk signals by overlooking a proven approach to fraud and risk management.

Fraud 270

Fraud Compliance cryptocurrency Security 270

PYMNTS

NOVEMBER 30, 2018

Joining PYMNTS’ Karen Webster for this week’s edition of the Unscripted Podcast, the pair agreed that in the digital age, risk management is such a complex, interconnected and vast topic that payments service providers in some sense need to write an entirely new rule book when to comes to capturing the emerging art of risk management. “On

Risk Management 162

Risk Management Management Payments Fraud 162

Insights on Business

DECEMBER 12, 2018

Risk is everyone’s job In working with our clients, soliciting and implementing their feedback, the IBM GRC team has seen key industry stakeholders coming to the realization that risk management is not simply a business function. Risk cannot be seen as someone else’s job. Risk-aware decisions. Efficiency.

Innovation 111

Innovation Compliance User Experience Regulation 111

PYMNTS

MAY 20, 2020

As bad guys wrangle account details, cobble together synthetic identities and conduct account takeover attacks with ferocity, the old rules-based systems, password challenges and other lines of defense provide only part of the picture as to whether “good” customers are buying or “bad” actors are, well, getting away with it. Permanently.

Fraud 208

Fraud Examples Data Tools 208

PYMNTS

MAY 30, 2018

According to a press release today (May 30), SPD Bank will be leveraging Ant’s financial-grade technologies in AI, supply chain finance and biometric identification in online risk management to help prevent loan, transaction and marketing fraud.

Risk Management 100

Risk Management Fintech User Experience Management 100

FICO

SEPTEMBER 29, 2022

The ability to deliver risk-aware, pre-screened customer offers in near-to real-time is everything for telcos. Telcos are trying to figure out what to do and are realising they haven’t invested sufficiently in customer awareness surrounding risk, or risk management technology that is both agile and flexible.

Analytics 52

Analytics Data Risk Management Customer Experience 52

PYMNTS

NOVEMBER 2, 2018

The real “secret sauce,” he said, is having a risk engine that can access and act on data about the merchant’s processing history once they are up and running. Risk And User Experience. Those systems are batch, he explained, and so they can’t be that nimble. The Post-Onboarding Future.

Payments 162

Payments Data Software Fraud 162

Insights on Business

MAY 30, 2018

Innovating AI in user experience (UXD) to empower the first line of defense. Laura Polak is Head, GRC Offering Management, and Christophe Delaure is Senior Product Manager for OpenPages at IBM. Over the past decade, things started to change as the responsibility of the risk team grew. Christophe: Yes.

Compliance 87

Compliance User Experience Innovation Risk Management 87

Perficient

JANUARY 16, 2024

Monitoring and Oversight: Other effective internal controls are the basis for strong financial systems, programmatic oversight, and processes that prevent fraud, waste, and abuse. The use of monitoring systems that track and analyze financial activities.

Compliance 221

Compliance Guidelines Policies Risk Management 221

Insights on Business

JUNE 20, 2018

Regulators also now expect broader participation from a company’s first line of defense, making managing risk even more complicated. Current risk and compliance systems are disparate and disconnected, often with varying taxonomies, user interfaces, and skill requirements. OpenPages 8.0

Regulation 70

Regulation Compliance Analytics System 70

PYMNTS

JULY 23, 2018

All sorts of havoc is in the offing across companies, payment systems, even blockchain. HyperSpace is well-keyed to the concept of key management — but with a twist: call it key shadowing. The keys are used both to encrypt and decrypt the sensitive payload. But what if the bad guys get a hold of those keys? The shadow knows.”.

Dallas 134

Dallas Security Data Company 134

FICO

DECEMBER 20, 2022

Credit cards have seen record growth and near-record balances through 2022, and alternative payment methods are booming, including everything from ACH and real-time money transfers to phone-based systems like Apple Pay and Google Pay. TJ began his career with DuPont, where he helped design and maintain Expert Systems for process control.

Fraud 52

Fraud Payments South Carolina Compliance 52

Insights on Business

JULY 23, 2019

Security and risk management professionals within financial organizations can be overwhelmed with the rising cost and pressure of regulatory change management and mitigating associated risks. What they are actually looking for is a solution that supports an integrated approach to risk management.

Risk Management 87

Risk Management Compliance Management Software 87

Insights on Business

AUGUST 28, 2019

Our experience with microservices. We’ve been quite vocal about our own transition to a risk management microservices architecture. We’ve distilled portfolio optimization and economic scenario generation into user-friendly APIs, such that they can be leveraged as a stand-alone service. Learn more at ibm.com/RegTech.

Management 87

Management Risk Management Resources Analytics 87

Insights on Business

JULY 23, 2019

Security and risk management professionals within financial organizations can be overwhelmed with the rising cost and pressure of regulatory change management and mitigating associated risks. What they are actually looking for is a solution that supports an integrated approach to risk management.

Risk Management 70

Risk Management Compliance Management Software 70

Insights on Business

AUGUST 28, 2019

Our experience with microservices. We’ve been quite vocal about our own transition to a risk management microservices architecture. We’ve distilled portfolio optimization and economic scenario generation into user-friendly APIs, such that they can be leveraged as a stand-alone service. Learn more at ibm.com/RegTech.

Management 70

Management Risk Management Resources Analytics 70

PYMNTS

MARCH 6, 2019

Rodrigues said the firm’s own blockchain offering, Adjoint Smart Treasury, is implemented today as an overlay, pushing and pulling data to connected enterprise and treasury management systems, and creating a real-time window to treasury management. If a node or user experiences down time, the network can still effectively run.”

blockchain 189

blockchain Management Data User Experience 189

Fintech Labs Insights

JUNE 18, 2015

What rarely gets mentioned in the coverage is just how complicated platform payments can be, given myriad operational, regulatory, and risk prevention requirements. The company provides payments services with flexibility and user experience control that platforms seek. It also provides regulatory and fraud risk protection.

Security 12

Security Payments San Jose Fraud 12

PYMNTS

JANUARY 20, 2020

Futureproofing is the process of creating systems and processes resilient enough to hold their value in the face of an unknown future. It’s also about creating a mindset and a corporate culture where everyone is responsible for weighing risks against future opportunities. When Risk Management Is a Mindset and Not a Business Unit.

Security 168

Security Fraud Risk Management Payments 168

PYMNTS

JULY 1, 2020

Moving to open banking with APIs [application programming interfaces] has impacts on fraud systems. They reduced the intelligence available to make risk decisions on transactions, therefore it becomes even more critical to have a multi-factor authentication strategy.” In the U.K.,

Fintech 141

Fintech Strategy Fraud User Experience 141

Insights on Business

JUNE 20, 2018

For financial services institutions, the ever-growing volume of regulations and annual changes since the financial crisis continue to challenge banks’ capabilities, as well as their confidence, in managing compliance and risk exposure. The global regulatory environment continues to evolve at a rapid pace.

Compliance 70

Compliance Innovation User Experience System 70

PYMNTS

MAY 19, 2017

Creating value through process efficiency, lower cost and/or margin improvement means taking a holistic approach to delivering value and a frictionless system. We are always focused on managing security and fraud risk. We have an expert team of people who work to ensure our systems are secure and continuously monitored.

Innovation 123

Innovation Payments Technology Security 123

FICO

SEPTEMBER 2, 2020

To give an example, 45% of credit cards all over the world are managed by the strategies in FICO's credit decision support system. We have access to credit card data of more than 50 banks using FICO TRIAD Customer Manager in EMEA. Creating Your Roadmap to a Better Customer Experience. into “connected decisions”.

Management 69

Management Customer Experience Risk Management Data 69

FICO

MARCH 6, 2020

With the acquisition of Tonbeller in 2015, FICO expanded its fraud portfolio and moved into the growing market for financial crime and compliance solutions to bring the benefits of advanced analytics to a field dominated by rule-based systems. the KYC system provides out-of-the-box watch list loaders.

Compliance 81

Compliance Technology Fraud Analytics 81

William Mills

SEPTEMBER 12, 2017

VERY Cool mobile, user experience. They have some legacy systems at some BIG banks. Transforming consumer risk management with patented analytics, proprietary data and real-time insight into consumer behavior. We provide the platform above your bank’s core system for an omnichannel experience.

Samsung 69

Samsung Mobile User Experience Google 69

William Mills

MAY 9, 2018

Their platform integrates with common mortgage loan origination systems. They help more than 12,000 clients worldwide create and deliver experiences for a digital world that’s always on. Fiserv is one of the top two US FinTech companies focusing mainly on core systems. Now getting ready to show the lender side.

Security 40

Security Samsung Strategy San Jose 40

Gonzobanker

DECEMBER 19, 2016

Joe Reilly, CIO at Zions Bank, rose to the challenge and shared solid details about business change deriving from a system switch. However, we’ve gone from spotty Siri performance and playing with Amazon Alexa with our stereo system to Bank of America predicting its chatbot, Erica, will become customers’ new financial advisor.

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

Joe Reilly, CIO at Zions Bank, rose to the challenge and shared solid details about business change deriving from a system switch. However, we’ve gone from spotty Siri performance and playing with Amazon Alexa with our stereo system to Bank of America predicting its chatbot, Erica, will become customers’ new financial advisor.

Utah 60

Utah System Community Marketing 60

Fintech Labs Insights

SEPTEMBER 1, 2015

Authy delivers proven fast-to-implement, highly scalable and reliable 2FA with an intuitive user experience and a powerful API. BehavioSec enhances security without impacting the user experience. ArcBit aims to lever Bitcoin and Blockchain technology to connect you to the global Internet economy.

Company 12

Company Software Analytics Mobile 12