Abrigo

JULY 27, 2023

Takeaway 1 Regtech uses new technologies such as AI and machine learning to streamline processes that keep organizations compliant. Regulatory technology, or regtech, can improve the efficiency and effectiveness of functions in many workplaces, and banks and credit unions are no exception.

Technology 195

Technology Fraud Compliance Regulation 195

PYMNTS

MARCH 25, 2019

These items are fast, handle an increasingly large amount of personal and financial data and tend to be prone to cybercriminals’ attacks. Department of Homeland Security (DHS) and data security and privacy practice chair of D.C.-based Approximately 20 billion IoT-enabled devices will be connected by 2020. based law firm O’Melveny.

Security 205

Security Data Regulation Washington 205

Abrigo

MARCH 2, 2023

Banking technology decisions now affect future growth With the possibility of a recession, community financial institutions may consider a delay or cut in technology spending. Takeaway 2 According to Forrester data, firms pursuing technology-driven innovation grow three to four times faster than industry averages.

Technology 195

Technology Lending Community Software 195

PYMNTS

AUGUST 21, 2019

Companies including Alibaba , Arm, Baidu, Google Cloud , IBM , Intel, Microsoft , Red Hat , Swisscom and Tencent will join forces on the Confidential Computing Consortium to collaborate on open source technologies and standards that aim to accelerate the adoption of confidential computing.

Data 116

Data Google Security Industry 116

PYMNTS

NOVEMBER 20, 2019

This rampant availability of users’ data makes it easier for bad actors to wreak havoc and commit fraud. I think one of the key learnings is that we actually need to take a step back before leveraging these new technologies,” Llewellyn said.

Fraud 117

Fraud Data Management Analytics 117

PYMNTS

MARCH 19, 2018

The European General Data Protection Regulation ( GDPR ) framework looms, with a deadline of May 25, 2018. Big data application provider Solix, for example, said earlier this year that two thirds of firms are not sure if individuals’ personal information has been cleansed from systems.

Analytics 124

Analytics Data Compliance Tools 124

PYMNTS

APRIL 17, 2018

Mastercard has filed a patent that reveals it might utilize blockchain as a way to protect identity data. Patent and Trademark Office last week, describes how a semi-private or private blockchain could be used to receive and store identity data, including a “name, a street address, tax identification number” and more. “The

blockchain 130

blockchain Data Bitcoin Taxes 130

PYMNTS

DECEMBER 17, 2018

In recent years, the payments and commerce ecosystem has been about the finding new value – and then finding ways to protect it. Data: $100 billion: The estimated worth of digital supermarket sales by 2025. 50 percent: Share of firms and CCOs that are using technology in compliance efforts. .

Data 122

Data Compliance Fraud Branding 122

Perficient

DECEMBER 18, 2023

By adopting a proactive stance and leveraging technological advancements, financial entities can navigate the regulatory landscape with greater resilience and efficacy. Technological Advancements and Cybersecurity As the financial industry embraces technological advancements, the risk of cyber threats and data breaches has escalated.

Regulation 473

Regulation Compliance Exercises Guidelines 473

Abrigo

JULY 5, 2020

Key Takeaways Credit unions participating in the Paycheck Protection Program (PPP) found that the right technology helped them serve business members when they needed help and also gain new members. Technology can facilitate delivery on credit unions' brand promise of relationship-based services. get started.

Technology 195

Technology Lending Capital Meeting 195

PYMNTS

OCTOBER 11, 2019

In restaurant technology, cloud kitchens have emerged as a new model driven by the rise of online ordering. And, in digital banking, banks are innovating with their strategies for fraud protection and anti-money laundering (AML). All this, Today in Data. 46B: Approximate amount of U.S.

Trends 122

Trends Innovation Technology Marketing 122

PYMNTS

DECEMBER 17, 2019

Headlines are filled with reports of service outages and data breaches , and both banks and consumers are contending with rising fraud concerns as digital banking takes off. Fraud threatens everyone, yet customers rely on their banks for protection. The Technology Gap That Fosters Fraudsters.

Technology 142

Technology Fraud Data Security 142

PYMNTS

MARCH 31, 2020

Manetu, a data privacy startup, reportedly just notched $3.5 The startup’s head of product, Conor Allen, was State Street’s senior vice president of enterprise data in the past, while former State Street executive Greg Haskins is the chief technology officer. The protection occurs automatically when signing up for the wallet.

blockchain 193

blockchain Technology Bitcoin cryptocurrency 193

Chris Skinner

MARCH 7, 2017

Their Committee on Payments and Market Infrastructures released Distributed ledger technology in payment, clearing and settlement: an analytical framework last week, and I just read it. DLT could reduce the traditional reliance on a central ledger managed by a trusted entity for holding and transferring funds and other financial assets.

Technology 323

Technology Payments Analytics blockchain 323

Insights on Business

JULY 18, 2017

In 2016, more than 4 billion data records were stolen or lost, a 556% increase over 2015. Although cloud data centers have been on the rise, little to no progress has been made so that data is fully encrypted at any scale. . Until now, companies have had to choose which data they wanted to encrypt.

Data 123

Data Compliance Security System 123

PYMNTS

SEPTEMBER 23, 2020

Large investments in security measures are necessary for banks to protect themselves and their customers from this menace. billion) annually on cybercrime prevention efforts, according to a recent study, with many of these investments devoted to cloud-based systems that harness data analytics. British banks spend upward of £6.7

Technology 208

Technology Report Fraud Study 208

Gonzobanker

MAY 17, 2022

As technology buyers, banking executives need to up their game on tech purchases and technology performance management. For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. Banking vendors are boxed into protecting margin.

Technology 145

Technology Regional Community Bank Community 145

Abrigo

OCTOBER 19, 2023

You might also like this whitepaper: "Protecting banking customers starts with you." DOWNLOAD Takeaway 1 Cybersecurity Awareness Month, in its 20th year, highlights the shared responsibility of everyone to safeguard their digital data and assets. Stay up to date with cybersecurity threats.

Online 221

Online Security Resources Training 221

Insights on Business

JUNE 18, 2019

In this series of blogs, we will focus on four transformative technologies with emerging risk applications that can help banks and financial institutions grow profitability and protect the enterprise. Each technology is at the start of an enormous adoption growth curve, and has been the subject of intense discussion.

Risk Management 185

Risk Management Technology Management Big Data 185

PYMNTS

APRIL 7, 2017

The approach to financial services for consumers and businesses is quite vast, but across the spectrum, access to and management of financial data is a critical component. Finicity , a company built for financial data aggregation, is jumping into the conversation. But these agreements also tend to inflame the debate over data privacy.

Data 191

Data Technology Security Tools 191

Perficient

NOVEMBER 27, 2023

Imagine a technology that can precisely pinpoint where a process bottlenecks, track where inefficiencies are, AND offer ideas for automation opportunities. Process mining offers a data-driven, automated, and objective approach to analyzing business processes. From there, business processes can be modeled, analyzed, and then optimized.

Industry 221

Industry Regulation Compliance Data 221

Payments Source

AUGUST 24, 2017

The National Institute of Standards and Technology is telling agencies and companies that collect or store data to change the way they have been protecting their networks — and its guidance is likely to soon spill over to financial services and payments.

Data 67

Data Cards National Technology 67

PYMNTS

APRIL 29, 2020

Banks have not faced issues in fulfilling their obligations to their various customers, Caldeira said, and technology has not proved a hindrance to meeting demand as businesses and individuals look for increased assistance in navigating a new reality of digitally delivered financial services. For them, the transition has been seamless.”.

Technology 142

Technology System Meeting Resources 142

Perficient

JANUARY 25, 2023

Three prominent areas where there is a strong desire to optimize: Data. Institutions are seeking to clean up their data pools to enable the cultivation of insights that lead to actionable change. As the use of technology continues to increase, it should not get more difficult to use. Applications. User experience.

Banking Trends 474

Banking Trends Trends United States FDIC 474

Perficient

FEBRUARY 28, 2024

With new risks, shifting market dynamics, and the unstoppable march of technology, the insurance industry finds itself at a crossroads. Personalized Customer Interactions: By harnessing AI to analyze customer data, carriers can deliver tailored recommendations and experiences, fostering enduring customer loyalty.

Innovation 251

Innovation Regional Strategy Trends 251

CFPB Monitor

OCTOBER 25, 2021

CFPB Director Rohit Chopra has wasted no time in acting on comments he made at his confirmation hearing regarding the risks posed by the collection of data by large platforms. In his statement about the orders, Director Chopra raised numerous concerns about Big Tech companies’ use of the data collected on their payments platforms.

Technology 78

Technology Payments Data cryptocurrency 78

PYMNTS

MAY 25, 2018

Touted by observers and industry players as one of the top trends that could impact medical billing and data management for 2018, the technology is increasingly being viewed as part of the path to better efficiency in payments. No matter the technology, companies hoping to make profits in healthcare payments have a tough road.

Technology 166

Technology Payments Millennials blockchain 166

CFPB Monitor

MAY 21, 2021

The California Department of Financial Protection and Innovation announced earlier this month that it has hired Christina Tetreault to lead the new Office of Financial Technology and Innovation. She is an attorney with expertise in emerging financial technologies and financial data use. Tetreault, Ms.

Financial Technology 78

Financial Technology Innovation Technology California 78

Perficient

APRIL 4, 2022

1) Know Me – Data & Analytics Relevant to the Customer. By integrating driver data, app usage will increase, and the carriers have even more opportunity to promote personalized recommendations through this expanded traffic. Leveraging technology in a personalized user experience is a critical way we will make this come true.

Mobile 294

Mobile Survey User Experience Analytics 294

Perficient

FEBRUARY 10, 2021

While the healthcare industry has long embraced technology, the demand to innovate and adapt quickly has grown exponentially in 2020 and into 2021. This has created an even greater demand for healthcare companies to incorporate more innovative technologies and build custom products to stay competitive within the market.

Software 294

Software Innovation Company America 294

Perficient

JULY 12, 2022

Fueled by consumers’ willingness to share their data in return for timely and relevant experiences, personalization requires continually learning about the customer and applying this knowledge into the relationship and creating authentic, individualized experiences. Elements of Delivering a Personalized Experience.

Industry 294

Industry Branding Customer Experience Marketing Automation 294

Perficient

APRIL 2, 2021

The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the. It involves using software to analyze both structured and unstructured data (i.e., Credit Decisions.

Regulation 309

Regulation Industry Risk Management Analysis 309

Perficient

DECEMBER 22, 2023

Positive Aspects of AI in Financial Services As noted by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques, have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

Risk Management 221

Risk Management Compliance Fraud Regulation 221

PYMNTS

JUNE 10, 2020

The EU’s investigative unit will form a task force to examine TikTok’s activities across the 27-nation bloc following a request from a lawmaker concerned about its data collection and its security and privacy risks. EU authorities can fine companies for violations under the General Data Protection Regulation (GDPR).

Policies 253

Policies Data social media Video 253

PYMNTS

JANUARY 26, 2021

marked its third anniversary of adopting its open banking framework, making it the leading market to drive the concept of unlocking customers’ bank account data for integration with third-party solution providers. to bring its blockchain-powered corporate trade financing technology into the entity. Last week, the U.K.

blockchain 355

blockchain Data Fintech Technology 355

PYMNTS

NOVEMBER 16, 2020

Banks have long worked to anticipate and protect against emerging tactics of cybercriminals. In an interview with PYMNTS, Ragan said technology developments have enhanced the industry’s fraud-fighting strategies, but customer awareness is still a critical component of preventing bad actors from succeeding.

Fraud 295

Fraud Strategy social media United States 295

Perficient

MAY 9, 2022

Having empathetic knowledge of your customers and delivering tailored real-time solutions will build on the noble purpose of insurance – protection of your consumers’ unique risks – and gain competitive advantages in a digital offer environment.

Strategy 294

Strategy Study Survey US 294