Perficient

DECEMBER 22, 2023

This mitigates the risk of customer service representatives providing incorrect information and ensures compliance with regulatory disclosures, ultimately enhancing the overall customer experience while reducing costs. Contact our experts today if you are interested in learning more about up-and-coming news in financial services.

Risk Management 221

Risk Management Compliance Fraud Operations 221

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. Today, financial institutions are technology companies.

Technology 142

Technology Regional Community Bank Community 142

Bank Innovation

MARCH 27, 2019

Hong Kong’s traditional banks are set to face one of their biggest challenges yet: a new breed of financial technology firms estimated to snare as much as 30% of their revenue. The Hong Kong Monetary Authority has granted three virtual bank licenses and is processing five more, Deputy Chief Executive Arthur Yuen said in a […].

Financial Technology 231

Financial Technology Technology Operations Digital Banking 231

PYMNTS

JULY 10, 2020

Speaking with PYMNTS, Muller highlighted the opportunity that the cannabis space has to adopt payments and other financial technologies that have leapfrogged over legacy solutions. Muller explained that the technology augments existing rails like eCheck and ACH to enhance data capture and transmission to complete a transaction.

Innovation 210

Innovation Payments Tools Compliance 210

PYMNTS

JULY 24, 2020

Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking. Revolut is also backed by Index Ventures, the global venture capital firm with dual headquarters in San Francisco and London, and a half dozen others. Last week, Revolut, which recently debuted in the U.S.

San Francisco 255

San Francisco Fintech cryptocurrency New York 255

PYMNTS

FEBRUARY 11, 2020

In a move that bolsters its financial technology presence in India, Uber has put an Uber Money team into place in Hyderabad. Uber Money teams are also located in Palo Alto, Amsterdam, New York and San Francisco tech centers, Livemint reported.

San Francisco 186

San Francisco Fintech Analytics New York 186

PYMNTS

MAY 18, 2016

As President of Trulioo, Jon Jones is passionate about protecting consumers and businesses from all facets of fraud and subsequent loss — but he doesn’t believe that doing so effectively has to come at the expense of technological innovation. Enhance customer satisfaction by enabling fulfillment of consumer requests in real-time. .

Innovation 100

Innovation Technology Regulation Fraud 100

PYMNTS

APRIL 23, 2020

Cannabis operations that partnered with Hypur to leverage the company’s financial technology can tap into the digital HypurPay app to access a safer and more convenient payment environment. Hypur serves more than 600 clients throughout the country and has over 25 partnerships with banking and financial institutions.

Payments 181

Payments Risk Management ATM Resources 181

Payments Source

MARCH 1, 2019

the fast-growing financial technology startup, is facing regulatory scrutiny following an alleged compliance lapse that could have allowed illegal transactions on its app. Revolut Ltd.,

Compliance 65

Compliance Regulation Financial Technology Technology 65

PYMNTS

NOVEMBER 14, 2017

Researchers announced East & Partners’ new report, “Financial Technology and the Corporate,” on Monday (Nov. A new report by business banking market research and analysis firm East & Partners suggests corporations aren’t opposed to changing banks as a direct result of new FinTech solutions businesses want to use.

Tools 179

Tools Fintech Survey Analysis 179

PYMNTS

JANUARY 27, 2021

In this week’s look at the latest in Commercial Card Innovation, PYMNTS examines the tactics industry players use to overcome hurdles, including complex strong customer authentication (SCA) compliance requirements and the pain of supplier non-acceptance. Billtrust, REPAY Drive Virtual Card Adoption.

Cards 237

Cards Capital Security Compliance 237

Bank Innovation

MAY 10, 2019

House Financial Services Committee has unanimously adopted two resolutions establishing task forces for fintech and artificial intelligence. The Task Force on Financial Technology will examine issues including “the current legal framework for fintech, how fintech is used in lending and how consumers engage with fintech,” the committee stated.

Fintech 186

Fintech Financial Technology Lending Technology 186

PYMNTS

FEBRUARY 7, 2020

The head of research at financial technology consultancy 11:FS, Sarah Kocianski, said the changes have already caused problems. The Financial Conduct Authority (FCA) has delayed compliance deadlines to 2021, but some banks have started to take action regardless.

Cards 204

Cards Regulation Digital Banking Maine 204

PYMNTS

FEBRUARY 19, 2020

. “What we can do as existing players in the ecosystem is build applications to take on that perceived technological burden of real-time payments, and then make it easy for participants,” he said, pointing to Mastercard products like Bill Pay Exchange and Payment On Delivery. ” Banks’ Collaborative Opportunity.

Payments 287

Payments Fraud Survey Fintech 287

Let's Talk Payments

AUGUST 25, 2017

Startup Stories highlights the companies that are shaping the new financial technology industry. MEDICI now! Keep an eye out each week for new stories! If you or someone you know.

Technology 69

Technology Compliance Financial Technology Industry 69

PYMNTS

SEPTEMBER 26, 2018

. “Just as HTTPS, SMTP and SIP enabled free borderless information sharing and communications, crypto assets and blockchain technology will enable us to exchange value and transact with one another in a similar way: instantly, globally, securely and at low cost.”

blockchain 180

blockchain Compliance US Financial Technology 180

Bank Innovation

JUNE 27, 2019

On Tuesday, Beth Knickerbocker, the chief innovation officer for the Office of the Comptroller of the Currency (OCC), delivered testimony to the House of Representatives' Task Force on Financial Technology. The Innovation Pilot Program would […].

Innovation 170

Innovation Report Financial Technology Fintech 170

Bank Innovation

JANUARY 28, 2019

Financial technology provider Personetics is building robo-advisor capabilities into its AI-based PFM tool offering. This new feature will allow banks to offer their customers the valuable product of auto-investment, ideally at no extra, or at least minimal, extra cost.

Financial Technology 170

Financial Technology Tools Technology Operations 170

PYMNTS

JULY 22, 2020

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). Her role will include legal and compliance oversight including the company affiliate, Brex Treasury LLC, a Securities and Exchange-registered broker-dealer.

FDIC 166

FDIC Kansas City San Francisco Missouri 166

Payments Source

JANUARY 20, 2021

China proposed measures to curb market concentration in its online payment market, potentially dealing another blow to financial technology giant Ant Group and its biggest rival Tencent Holdings.

Online 154

Online Payments Financial Technology Groups 154

Gonzobanker

AUGUST 17, 2022

Engagement platform Personetics also secured $85M from Thoma Bravo Digital banking provider Apiture announced a fundraising round led by Live Oak Bank, Pinnacle Bank, and BHG Financial Digital banking provider Backbase raised $128.6M Industry expert John Meyer digs deeply into the implications of this industry-changing rollup deal here.

Fintech 192

Fintech Lending Software Compliance 192

Bank Innovation

DECEMBER 12, 2016

Financial technology solutions provider D+H has launched Barometer today, a software-as-a-service assessment and training solution for lenders, in partnership with the Royal Bank of Canada, which is one of the largest financial institutions in the country. Both companies are based in Toronto.

Lending 150

Lending Training Financial Technology Software 150

Bank Innovation

FEBRUARY 6, 2017

INV Fintech, the sister accelerator to this site, is pleased to announce its inaugural episode of INV Unfiltered — a new monthly podcast series, which will cover current trends and intriguing topics in financial technology and beyond.

Fintech 150

Fintech Financial Technology Trends Technology 150

PYMNTS

JUNE 3, 2020

Elsewhere, FinTechs are taking the initiative to work with financial institutions and offer their technologies in an effort to augment corporate services. API technology firm TrueLayer has been cleared by the U.K. Below, PYMNTS breaks down the latest in bank-FinTech partnerships. TrueLayer To Enable UK Government Payments.

Fintech 171

Fintech Tools Technology Meeting 171

Bank Innovation

APRIL 8, 2019

The new funds would be used to finance the expansion of the Tel Aviv-based financial technology firm, the people said, who asked for anonymity as the matter […].

Fraud 150

Fraud Financial Technology Online Technology 150

PYMNTS

SEPTEMBER 24, 2019

These are attempts, and, often because of diligent work by bank compliance officers, do not represent actual losses. financial system have had some information about themselves … compromised at some point.”. “FinCEN is seeing around 5,000 account takeover reports each month involving approximately $350 million,” he said.

Fraud 178

Fraud Cards Fintech Compliance 178

PYMNTS

FEBRUARY 22, 2017

Corporates in particular are struggling with some of these financial reforms, according to research from the U.S. Nearly 80 percent of businesses surveyed in that report said they have taken some type of measure to make up for the cost of compliance, with Basel III cited as having the greatest negative impact for businesses.

Compliance 135

Compliance Regulation Management Fintech 135

CFPB Monitor

DECEMBER 4, 2023

Tomorrow, the House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology and Inclusion will hold a hearing entitled “Fostering Financial Innovation: How Agencies Can Leverage Technology to Shape the Future of Financial Services.” The witnesses will be: Valerie A.

Innovation 78

Innovation Financial Technology Policies Compliance 78

PYMNTS

NOVEMBER 23, 2020

Financial technology company Sleek has reportedly netted $4 million in venture funding for its efforts to take on the traditional corporate services industry. SEEDS Capital , the investment arm of Enterprise Singapore , led the funding round, which also included MI8 Ltd.,

Fintech 151

Fintech Taxes Compliance Capital 151

Accenture: Banking

SEPTEMBER 25, 2017

It’s a concept that banks and financial technology (fintech) companies should—and are—quickly learning. Incumbent banks recognise that technology has the power to transform their business by making it more efficient, providing a better customer experience, and ultimately improving profit margins.

Fintech 163

Fintech Customer Experience System America 163

Payments Source

FEBRUARY 19, 2020

s departure from the European Union is still causing lots of headaches for financial technology companies, but there’s now enough clarity to work with. And that often means operating from a new address.

Fintech 129

Fintech Financial Technology Operations Technology 129

PYMNTS

JANUARY 8, 2020

8), the Securities and Exchange Commission ’s (SEC’s) Office of Compliance and Examinations (OCIE) offered up a list of its priorities for the year that has just dawned. In addition, there will be examination of transfer agents (which help to settle transactions) that are developing blockchain technology.

blockchain 138

blockchain Phoenix Compliance cryptocurrency 138

PYMNTS

MAY 24, 2019

The Financial Crimes Enforcement Network ( FinCEN ) is launching an initiative called the FinCEN Innovation Hours Program, as a call to private sector companies that have developed tech to fight money laundering and terrorist financing, the organization said in a release. The meetings will usually be held on the second Thursday of the month.

Innovation 124

Innovation US Metro Washington 124

PYMNTS

FEBRUARY 21, 2019

Financial technology firm Green Dot , which made its name on its prepaid debit card solutions, is ramping up its focus on Banking-as-a-Service (BaaS) after posting $14.3 Green Dot also plans to upgrade the BaaS platform again in 2020, he noted, with an emphasis on risk controls and compliance.

Taxes 188

Taxes User Experience Cards Operations 188

PYMNTS

MARCH 11, 2019

Fiserv , a financial technology company, has partnered with cash solutions company NationalLink to simplify cash management for users, the company said in a press release. NationalLink will use a financial services technology called CorPoint, which is a cash supply chain management software.

Management 100

Management Software Financial Technology Technology 100

PYMNTS

JUNE 12, 2017

Strategic Treasurer and Bottomline Technologies recently published a joint report on the B2B payments landscape: B2B payments + WCM Strategies. Globalization brings new opportunities for businesses but gives rise to new complexities, including cross-border payments, compliance, risk mitigation and accounting. Payments Rails.

Fintech 150

Fintech Survey Cards Payments 150

PYMNTS

SEPTEMBER 6, 2019

landed on the board, too, as alternative lending, small business banking, back-office financial management and accounts receivable technology enticed backers. But it was a Singapore startup building out a holistic suite of small business financial services that landed the largest round this week, by far.

Fintech 155

Fintech Capital Lending Operations 155