PYMNTS

JUNE 11, 2020

Social distancing restrictions implemented to curb the virus’s spread are preventing compliance professionals from obtaining physical identification documents and holding in-person meetings that typically enforced anti-money laundering/know your customer (AML/KYC) compliance. Compliance Enforcement Goes Remote With Biometrics.

Compliance 186

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PYMNTS

SEPTEMBER 23, 2020

Senior citizens are the demographic group most vulnerable to identity fraud, as they are often not as digitally savvy as their younger counterparts nor as adept in online security best practices. Large investments in security measures are necessary for banks to protect themselves and their customers from this menace. billion in 2019.

Technology 208

Technology Report Fraud Study 208

Insights on Business

FEBRUARY 1, 2019

To those working in the financial services industry, security is at the core of their business. The rise of artificial intelligence and machine learning might help protect business assets, but it is also making it easier for the bad guys to find holes in the security. Security is a big theme at IBM Think this year. Feeling safe.

Security 114

Security social media Video Policies 114

PYMNTS

NOVEMBER 10, 2020

Atlanta payments encryption firm Bluefin is partnering with New York mobile payments processor PAAY to advance eCommerce security. Founded in 2007 by Miles and John Perry, who serves as chief executive officer, Bluefin specializes in encryption and tokenization payment and data security. . Each $1 of fraud costs retailers $3.13. .

Security 233

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Perficient

JANUARY 23, 2024

The COVID-19 pandemic prompted several unprecedented shifts in society, notably impacting the workplace and necessitating the adoption of innovative technologies that facilitate collaboration and efficiency in a work-from-home (WFH) environment. What’s New?

Compliance 221

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Perficient

JANUARY 3, 2024

The COVID-19 pandemic prompted several unprecedented shifts in society, notably impacting the workplace and necessitating the adoption of innovative technologies that facilitate collaboration and efficiency in a work-from-home (WFH) environment. What’s New?

Compliance 221

Compliance Risk Management Regulation Industry 221

PYMNTS

OCTOBER 16, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies. The Cost of Compliance. Mobile, online and phone channels all have distinct fraud challenges and customer needs.

Compliance 123

Compliance Fraud Study Digital Banking 123

PYMNTS

OCTOBER 19, 2020

A recent survey found that one-third of businesses were worried about cross-border payments fraud, while 26 percent expressed data security concerns. How Cloud Systems Accelerate And Secure Cross-border Payments. Studies have found that cloud networks experience 60 percent fewer security incidents than traditional data centers.

Technology 193

Technology Payments Security Survey 193

PYMNTS

APRIL 4, 2019

Credit union (CU) associations and service providers are pushing for the adoption of technology to help with security and compliance. 20 percent: Share of CUs that prioritized growing mortgage loans in 2019, down from 52 percent in 2018. All this, Today In Data. million: Number of credit union members in the U.S.

Technology 115

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Insights on Business

JANUARY 17, 2019

IBM will be hosting IBM Think 2019 from February 12-15 this year at a new location in San Francisco, CA. Digitally transforming operations, operating models and technologies to compete in a changing industry structure. Digitally transforming operations, operating models and technologies to compete in a changing industry structure.

San Francisco 93

San Francisco CA social media blockchain 93

PYMNTS

MAY 31, 2017

Visa announced Tuesday (May 30) that it is rolling out enhancements to its Verified by Visa service, a global solution designed to make online purchases more secure by helping ensure payments are made by the rightful owner of the Visa account. As part of the upgrade, Visa said it was enhancing its systems to support 3-D Secure 2.0,

Security 192

Security System Fraud Tools 192

PYMNTS

OCTOBER 5, 2020

Retailers must protect customers’ card data from hackers who try to snatch payment details, and following best practices to ensure security requires adhering to the regulations established by the PCI SSC, a global payments industry forum. Compliance Complexities. Orchestrating A Solution.

Cards 207

Cards Data Compliance Payments 207

PYMNTS

FEBRUARY 10, 2020

Approximately 34 percent said that they felt biometrics offered improved security over passwords, a fact that is backed up by the 2019 Verizon Data Breach Investigations Report, which found that 80 percent of data breaches can be traced to compromised or weak passwords. The bank plans to enroll all 3.7

social media 236

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PYMNTS

JUNE 8, 2020

If they don’t report takeover attempts from abroad that could pose a risk to the country’s security, company directors in Britain could face the prospect of jail time. In December of 2019, the administration of Prime Minister Boris Johnson included a “national security and investment bill” in the Queen’s Speech.

United States 130

United States National Security Analysis 130

ABA Community Banking

FEBRUARY 11, 2019

Envisioning a Future of Prevention Feature Technology Risk Management AML & Fraud Tech Management Security Operational Risk Cyberfraud/ID Theft Feature3 Fintech Compliance Compliance Management.

Meeting 72

Meeting Risk Management Compliance Fraud 72

PYMNTS

MARCH 3, 2020

The blockchain for the Marshallese sovereign (SOV) digital currency will be developed with Algorand technology, according to an announcement. Algorand created a permissionless, open source and pure proof-of-stake blockchain technology. This partnership ensures that the SOV will be built on a scalable and secure platform.”.

ATM 168

ATM Bitcoin National Miami 168

PYMNTS

SEPTEMBER 9, 2019

The ideal cross-border payment solution provides speed, security and compliance and transparency, while also being ubiquitous enough to be widely available for use. Legacy payment cannot meet all five of these requirements — but real-time payments solutions can.

Payments 174

Payments Compliance Meeting System 174

Perficient

JANUARY 4, 2022

In 2019, Bank of America’s chief executive, Brian Moynihan, prohibited the company’s wealth managers from putting any client money into cryptocurrency-related investments. Bank customers with a custody solution that “meets the highest security, compliance and regulatory standards.”. Northern Trust.

cryptocurrency 309

cryptocurrency Marketing Bitcoin America 309

Insights on Business

FEBRUARY 1, 2019

To those working in the financial services industry, security is at the core of their business. The rise of artificial intelligence and machine learning might help protect business assets, but it is also making it easier for the bad guys to find holes in the security. What does it mean to you? Feeling safe. Protected from threats.

Security 70

Security social media Video Policies 70

PYMNTS

OCTOBER 21, 2020

At the start of this year, online commerce trends were following a similar trajectory to 2019: eCommerce sales were steadily growing, but they were still a fraction of those at brick-and-mortar stores. To learn more about the trends and technologies transforming global commerce, download the report. About The Playbook.

Payments 159

Payments Case Study Meeting Trends 159

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. Financial Companies’ Security And Regulatory Obligations .

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

OCTOBER 30, 2020

Slow compliance checks and sluggish processing times are commonplace, especially on the legacy systems still used by many banks around the world. Automating Compliance. Cash payments are quickly falling to the wayside, with only 26 percent of all U.S. consumer purchases made with cash.

Operations 228

Operations Payments Compliance System 228

FICO

APRIL 28, 2020

The winners of the 2019 FICO® Decisions Awards can now be formally announced. The 2019 FICO Decisions Award winners have demonstrated what is possible with a clear business objective, innovative use of technology and a great partnership. Fraud & Security. Regulatory Compliance.

Analytics 52

Analytics Fraud Management Innovation 52

PYMNTS

DECEMBER 28, 2018

Researchers this year released new data on banks’ KYC adherence that highlights just how imperative it is that the financial services industry is able to more adequately address the challenges of compliance. Avoka CMO Don Bergal told PYMNTS what global markets can expect in 2019 in terms of bank KYC happenings. ” .

Compliance 186

Compliance Regulation blockchain Taxes 186

PYMNTS

SEPTEMBER 12, 2019

The Cost of Compliance. The projected 2020 cost of AML compliance across all U.S. were equally split between regulatory compliance (69 percent) and reputational risk (69 percent), though reputation was a larger motivation among larger companies. Cloud-based KYC activities were among the new technologies most used by U.S.

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

PYMNTS

APRIL 27, 2020

billion by 2024, and a separate study suggested that many customers were willing to use FinTechs as well as their primary banks to receive the level of technological support they desired. This type of strategy also allows FIs to implement digital technologies at more measured paces.

Digital Banking 248

Digital Banking Tools social media Mobile 248

PYMNTS

JANUARY 29, 2019

and Europe told Bitdefender in a separate survey that their budgets are large enough to accommodate the security for which infrastructure calls. Less than half of IT professionals in the U.S.

Training 148

Training Survey Compliance Data 148

Abrigo

JANUARY 8, 2020

Key Takeaways The most popular BSA/AML and fraud blog posts in 2019 related to staying on top of regulatory changes. BSA and compliance officers wanted to read about SARs, risks tied to cannabis-related businesses, and preparing for CAMS exams. Top BSA/AML Blog Posts: Cannabis, SARs Topped the List in 2019. BSA Software.

Software 195

Software System Fraud Examples 195

Cisco

MAY 10, 2022

Join us for our thousands of engaging business and technology sessions. Cisco Live delivers education and inspiration to technology innovators worldwide through large-scale in-person and digital events, as well as on-demand education. Find a full list of sessions by technology or technical level and registration information.

Las Vegas 129

Las Vegas Industry Leadership Technology 129

PYMNTS

JANUARY 10, 2019

Spencer McLain, director, global risk solutions at Whitepages Pro told PYMNTS in an interview that September 2019 – when PSD2’s deadline looms on Friday the 13th – is coming much more quickly than some stakeholders might realize. To get there, he said, PSPs and the card schemes can help guide merchants through new compliance territory.

Guidelines 173

Guidelines Compliance Fraud Cards 173

American Banker

JULY 11, 2023

The announcement resolves the final outstanding order between Capital One and prudential regulators over its 2019 cyber incident.

Capital 36

Capital Regulation Compliance Data 36

PYMNTS

JANUARY 2, 2020

The fine for non-compliance is going to be ?5,000 5,000 a day, and the new rule was brought forward through the Income Tax Rules of 2019, with the idea of boosting more digital transactions as well as supporting NPCI, which is a not for profit organization. RuPay is a payment network offered by National Payments Corp.

Cards 130

Cards blockchain Retail Cyber Security 130

Bank Innovation

FEBRUARY 19, 2019

Community Capital Technologies, Denizen Financial, Diro Inc., Fintel Labs, iGTB, JUDI.AI, KapitalWise, OpenDoor Securities, and Operant.AI The 12 startups demoing to try to win the “best in show” award at Bank Innovation Ignite have been unveiled. The startups are:[link] Avocado Payments, Budgit Inc., Exagens Corp.,

Innovation 240

Innovation Community Capital Fintech 240

Perficient

AUGUST 16, 2023

Mr. Shan Hanes, who served as the bank’s President and CEO until its closure, joined the firm in 1993 as an agricultural loan officer and Informational Technology Officer. In 2019, it expanded by buying its fourth branch from a competitor. Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart.

United States 221

United States Kansas FDIC Risk Management 221

PYMNTS

NOVEMBER 14, 2019

Power found that small businesses continue to embrace mobile banking, with its 2019 U.S. This means a more complex anti-money laundering (AML) and know your customer (KYC) compliance strategy. Recent research from J.D. “Both prerecorded and live video KYC methods encounter similar challenges,” the Tracker explained.

Digital Banking 147

Digital Banking Video Strategy Tools 147

Accenture

JULY 19, 2017

The PSD2 regulatory technical standards for strong customer authentication (SCA) and secure communication (SC) are proving difficult to finalize. Although PSD2 is technology-neutral, the EBA banned screen scraping in its final draft, whereas the EC wants to allow it (on a contingency basis).

Security 174

Security Online Compliance Fraud 174

PYMNTS

NOVEMBER 6, 2019

Billon , which created the first enterprise distributed ledger technology (DLT) system, announced that it is one of six companies that have been selected to participate in the Elevator Lab Partnership Program. Securities and Exchange Commission (SEC) earlier this year. “We It was chosen from a group of over 280 applications.

blockchain 101

blockchain System Bitcoin Compliance 101