Payments Dive

JANUARY 30, 2024

Payments players can expect this year to be heavy with regulatory and legislative moves, both at the federal and state levels.

Regulation 221

Regulation Payments 221

Abrigo

JUNE 4, 2024

With the changing political landscape, new regulations, shifting demographics, and economic uncertainty, getting the most up-to-date information from bank and credit union industry experts and peers has never been more important. This opening panel session of ThinkBIG 2024 was just one of many presentations from over 90 speakers this week.

Compliance 221

Compliance Community Community Bank Conference 221

ATM Marketplace

MARCH 19, 2024

What's the roadmap for ATM regulations look like for 2024?

ATM 133

ATM Regulation 133

Abrigo

JANUARY 24, 2024

FDIC list The state of acquisitions in a rising rate environment According to the FDIC, there were 44 banks on the problem bank list in the third quarter of 2023, and the agency expects that number to continue to climb in 2024. Find out what auditors and regulators will be looking for as it relates to CECL.

FDIC 195

FDIC Regulation Strategy Data 195

Payments Dive

JANUARY 31, 2024

The industry faces more upheaval this year as legacy companies and upstart fintechs jockey for the upper hand, and regulators monitor the competition closely.

Payments 221

Payments Regulation Fintech Industry 221

Abrigo

JANUARY 30, 2024

The ThinkBIG 2024 conference is June 3-6 in Phoenix, Arizona, and with 99% of last year’s attendees saying they would recommend the conference to others, Abrigo expects another large crowd. The 2024 ThinkBIG conference offers two conference tracks along with larger general sessions that will set financial institutions up for success.

Conference 195

Conference Arizona Phoenix Fraud 195

Abrigo

MARCH 18, 2025

Traditional & emerging payment systems Payment system vs. payment platform Regulations related to payment systems The growing risk of payment fraud What is a payment system? Zelle said in 2024 it processed 3.6 Regulation CC Establishes rules for check clearing and funds availability. Who regulates payment systems?

System 195

System Payments Fraud Regulation 195

Abrigo

JUNE 28, 2024

Navigating interest rate management in today's environment As regulators focus on interest rate risk management, read about what financial institutions can do to be ready for a rate drop. You might also like this on-demand webinar, "Navigating uncertain times: Strategies for effective risk management and compliance." Upcoming exam?

Community Bank 195

Community Bank Strategy Community Management 195

Perficient

FEBRUARY 29, 2024

This blog was co-authored by Perficient’s Chief Strategist and banking expert: Scott Albahary A slowing global economy, coupled with a divergent economic landscape, poses challenges for the banking industry in 2024. Fraud Detection Banks are increasingly turning to AI-powered solutions to effectively detect and prevent fraudulent activities.

Trends 221

Trends Industry Analytics Compliance 221

Abrigo

APRIL 8, 2025

Here are the results of the most recent survey: For banks under $10B in assets, only 5% used a 2D model in 2024 (down from 15% historically). Even at institutions over $50Bwhere 2D adoption was nearly universalit fell to 50% in 2024. For the $10B$50B crowd, 2D model use dropped from 60% to 50% in 2023. Thats a significant shift.

Dallas 195

Dallas Survey Data Trends 195

PYMNTS

AUGUST 6, 2020

billion by 2024, indicating the corporate world’s record-high demand for instant payments. 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. Developments From Around The World Of Payments Modernization.

Regulation 245

Regulation Payments Innovation Fintech 245

CFPB Monitor

JANUARY 16, 2024

In remarks to the press and public on January 2, 2024, New York Governor Kathy Hochul announced “a sweeping consumer protection and affordability agenda”, including proposed actions to “strengthen consumer protections against unfair business practices” and “establish nation-leading regulations for the Buy Now Pay Later loan industry”.

New York 156

New York National Regulation Examples 156

Perficient

FEBRUARY 12, 2025

The industry faces numerous challenges, including protecting sensitive data, navigating evolving regulations, and outdated legacy systems. To harness AIs potential effectively, its essential to develop a strategy that considers payment regulations to ensure consumer protection , data privacy , and ethical use of AI.

Trends 221

Trends Payments Compliance blockchain 221

Payments Dive

JULY 2, 2024

Hopes for passing a 2024 buy now, pay later bill in New York state to regulate the nascent industry expired with the end of the legislative session last month. But next year could be a different story.

New York 195

New York Regulation Industry 195

Abrigo

FEBRUARY 6, 2025

Federal regulations under the Controlled Substances Act (CSA) still classify marijuana as a Schedule I substance, along with heroin and methamphetamine. billion year-over-year in 2024, totaling $31.4 Even with strong compliance programs, theres always the potential for scrutiny from regulators. billion in annual revenue.

Lending 195

Lending Compliance Community Software 195

Abrigo

FEBRUARY 28, 2025

trillion globally in 2024. According to a 2024 Abrigo Fraud Survey , 61% of Americans still write checks, and incidents of fraud and the resulting losses remain high.The FBI estimates that 500 million fraudulent checks annually total $18 billion in annual losses. Staying on top of fraud is a full-time job.

Fraud 221

Fraud social media Training Community 221

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

Perficient

DECEMBER 1, 2023

Despite this proactive approach, federal banking regulators either neglected to review the same documents or did so without taking necessary action before the bank failed. Commencing with the first quarterly assessment period of 2024 (i.e., Contact us today to navigate the evolving landscape of risk and regulation successfully.

FDIC 221

FDIC Risk Management Regulation Leadership 221

Perficient

JANUARY 23, 2024

This post has been updated to reflect FINRA Regulatory Notice 24-02, issued January 23, 2024. Additionally, these branches underwent annual on-site inspections to ensure compliance with regulations. What’s New? Additional benefits brought by this change are: Workplace flexibility promotes diversity and attracts stronger talent.

Compliance 221

Compliance Regulation Industry Maine 221

Abrigo

JANUARY 3, 2024

1, 2024, many companies must begin reporting information about who ultimately owns or controls them to a federal beneficial ownership registry. 1, 2024, many companies are required to begin reporting to the U.S. 1, 2024, have one year (i.e., This is in line with the current CDD regulations. Effective Jan.

Fraud 221

Fraud Regulation Report Compliance 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

Abrigo

JANUARY 31, 2025

Introduction With cryptocurrency investments rallying post-election 2024, consumers and financial institutions alike must stay alert to an ever-growing threat of crypto fraud. In the first quarter of 2024, there were approximately 9,000 active cryptocurrencies. Takeaway 3 Crypto is a risky investment. Global targeting: The U.S.

Fraud 195

Fraud social media cryptocurrency Software 195

BankInovation

JULY 2, 2024

Robert Schulze, head of pricing and risk model infrastructure at UniCredit Bank, will speak at Bank Automation Summit Europe 2024 about AI in financial services. 7-8 at Hilton Frankfurt in Frankfurt, Germany, bringing together industry experts to discuss banking automation, AI, regulation, payments and more.

Regulation 98

Regulation Industry Payments 98

PYMNTS

AUGUST 31, 2020

With estimates that over 500 billion real-time payments will be processed over the next five years, the race is on for upgrades and integrations that allow financial institutions (FIs) and their clients to participate in a real-time payments space that is expected to reach nearly 53 billion real-time payment transactions by 2024.

Payments 338

Payments System Regulation Innovation 338

Abrigo

APRIL 2, 2025

The Federal Trade Commission (FTC) reported that in 2024, U.S. Regulators expect financial institutions to employ adequate technology and human resources to manage evolving fraud scams and risks. For example, no checks or cards means less opportunity for criminals to steal valuable customer information from these physical items.

Fraud 195

Fraud System Payments Training 195

Abrigo

DECEMBER 26, 2024

Regulators are paying attention to whether or not financial institutions are properly staffed on a risk basis," said Abrigo Senior Financial Crime Investigator Joann Millard. Financial crime fighters also often describe a struggle to find and retain experienced employees who truly understand AML and compliance.

Fraud 195

Fraud Compliance South Dakota Resources 195

Abrigo

NOVEMBER 22, 2024

A recent ACAMS poll from the Las Vegas Assembly 2024 Conference found that 57% of participants reported a stronger fraud focus during their BSA regulatory exams, with 17% noting a significant increase in fraud attention compared to previous years.

Fraud 195

Fraud Training Risk Management Compliance 195

BankBazaar

JANUARY 14, 2025

This report summarises personal finance trends from 2024 and outlines expectations for 2025. Here are the key trends from 2024. 2024 Trends: 2023 saw one of the highest growth in credit and led to a slew of RBI measures to slow down unsecured credit. Year Of Secured Loans Retail lending grew by 16% to 5.2

Report 78

Report Trends Cards Metro 78

PYMNTS

SEPTEMBER 14, 2020

The split must be achieved by June of 2024, and companies will have to outline their plans for such a split by Oct. The new rules mandate that, while companies do not have to sell their operations, they must be totally independent from other facets of their business. 23 of this year, The Telegraph reports.

Groups 362

Groups Company Report Operations 362

CFPB Monitor

JANUARY 3, 2024

This New Year is setting up to be a momentous one for the consumer financial services industry in the United States Supreme Court.

Industry 97

Industry United States National Regulation 97

ABA Community Banking

JULY 12, 2024

Federal banking regulators released the 2024 list of distressed or underserved nonmetropolitan middle-income geographies eligible to receive CRA consideration. The post Regulators release 2024 list of distressed, underserved communities appeared first on ABA Banking Journal.

Community 52

Community Regulation FDIC Community Bank 52

Abrigo

FEBRUARY 10, 2023

Introduction Corporate Transparency Act guidance FinCrime professionals have been on high alert for new regulations since the Anti-Money Laundering Act of 2020 (AMLA) was signed into law, but updates have been slow to arrive. It proposes regulations for disclosing BOI to specific groups, including financial institutions.

Fraud 195

Fraud Training Regulation Compliance 195

PYMNTS

DECEMBER 8, 2020

Cybercriminals are constantly one step ahead of government regulators, developing new and inventive schemes faster than the authorities can quash them. billion by 2024. Many banks and government regulators have a growing sense of distrust in cryptocurrency exchanges due to this widespread lack of compliance. About The Playbook.

cryptocurrency 261

cryptocurrency Mobile Compliance Analysis 261

Abrigo

FEBRUARY 6, 2025

Banks must document their CECL transition process thoroughly to satisfy auditors and regulators. You might also like this report : "Fair value disclosure review: 3Q 2024." "Under CECL, these marks can be material, and core processing systems dont provide enough audit support to accrete them," he said on Ahead of the Curve podcast.

Compliance 195

Compliance System ATM Report 195

CFPB Monitor

JANUARY 30, 2024

House Bill 254 (HB 254), introduced on January 10, 2024 in the Maryland House of Delegates, would add Subtitle 15 – the “True Lender Act” – to Title 12 (Credit Regulations) of the Maryland Commercial Law. Continue Reading

Maryland 148

Maryland Regulation 148

Abrigo

OCTOBER 30, 2024

Regulators expect an institution to maintain a quality control program for AML activities, said Josh Hawkins, Director of Abrigo’s Financial Crimes Unit. A structured quality control process that includes the regular review of high-risk cases and the timeliness of the institution’s AML reporting can catch inefficiencies early.

Compliance 221

Compliance Training System Management 221

Abrigo

MAY 30, 2023

1, 2024, and report for the first time by June 1, 2025. June 28, 2023, based on the Code of Federal Regulations and the March 30 publication). 1, 2024, is the earliest compliance deadline. The final rule implements section 1071 of the Dodd-Frank Act by amending the Equal Credit Opportunity Act (ECOA), or Regulation B.

Compliance 195

Compliance Lending Data Regulation 195