Perficient

FEBRUARY 12, 2025

Payments Trend #1: AI-Driven Payment Innovations The landscape of payments and financial services in 2025 will be marked by groundbreaking innovations and user-centric designs powered by Generative AI (GenAI). These changes require significant adjustments in risk management, compliance frameworks, and operational protocols.

Trends 221

Trends Payments Compliance blockchain 221

Abrigo

OCTOBER 30, 2024

Increasing efficiency of compliant AML investigations To boost AML program productivity and keep pace with evolving compliance demands, financial institutions should focus on strategic operational improvements paired with the smart use of technology. See tailored AML/CFT solutions that can improve your compliance. Learn more 1.

Compliance 221

Compliance Training System Management 221

Bank Innovation

APRIL 21, 2020

Lenders have had to spend unprecedented funds on compliance in the first quarter, which could shift resource allocation at banks and credit unions and hamper post-pandemic fintech partnerships.

Compliance 259

Compliance Fintech Resources Innovation Strategies 259

Bank Innovation

DECEMBER 14, 2017

Well, that depends if the end goal of the bank is to further financial innovation, Derrick Walton, EVP of global financial networks for Hyperwallet, told Bank Innovation. EXCLUSIVE—Should banks acquire or partner with smaller, more agile fintechs?

Innovation 387

Innovation Fintech Online Compliance 387

Payments Dive

JULY 31, 2024

When it comes to innovation, “if it's moving too quickly for customer protection to keep pace, it’s not happening,” said Sibongile Ngako, who recently joined the fintech as chief compliance officer.

Compliance 195

Compliance Innovation Fintech 195

Perficient

MAY 30, 2024

Representatives from all three lines of defense—operational management, risk management/compliance, and internal audit—attend to present, discuss, and learn about industry shifts that are impacting risk and regulatory compliance. Sessions include a keynote interview with former FBI director James B.

Compliance 221

Compliance Industry New York social media 221

Perficient

FEBRUARY 27, 2025

This will require being more inquisitive and innovative compared to previous years, as the adoption of AI and cloud technologies continues to expand. By ensuring compliance with regulations, banks mitigate risks and maintain trust with customers and regulatory authorities.

Banking Trends 221

Banking Trends Trends Digital Banking Customer Experience 221

PYMNTS

SEPTEMBER 18, 2020

This week's look at payment rail innovation is all about speed, both for legacy rails and new ones. Combining these elements, we are creating a broad platform with faster technology and smarter and better services that the industry can trust as a foundation for innovation towards their own end-clients," he added.

Innovation 291

Innovation Payments cryptocurrency Cards 291

PYMNTS

OCTOBER 9, 2020

Venture capital funding landed at supplier payment and compliance automation firms this week, among other B2B innovators that raised money. Strike Graph , a compliance automation firm, has launched with a $3.9 PYMNTS rounds up the latest funding rounds below. Strike Graph. million Madrona Venture Group-led seed round.

Compliance 267

Compliance Fintech Payments Capital 267

PYMNTS

FEBRUARY 21, 2020

The Financial Crimes Enforcement Network (FinCEN) has announced Michael Mosier as its new digital innovation officer and deputy director. In the digital innovation officer role, he will work to engage with new financial innovations and technologies. Michael is the right person, with the right skills, at exactly the right time.”.

Innovation 250

Innovation National United States Leadership 250

Perficient

NOVEMBER 19, 2024

Currently, the Japanese government and regulators are taking an indirect approach of supporting a policy goal of prioritizing innovation while minimizing foreseeable harms. Japan currently has yet to pass a law or regulation specifically directed to regulating the use of AI at financial services firms.

Regulation 221

Regulation Guidelines System Compliance 221

PYMNTS

OCTOBER 2, 2020

Working with payments orchestration providers can help firms like these address their systems’ security flaws by taking on the compliance burden. They can also provide the resources and expertise needed to meet PCI compliance and allow firms to focus on their own core competencies. percent over the next seven years.

Compliance 243

Compliance Data Report Meeting 243

Perficient

DECEMBER 18, 2023

In the fast-paced realm of finance, the significance of regulatory risk and compliance management practices cannot be overstated. The Role of Regulatory Risk and Compliance 1. Compliance with these legal obligations is not only mandated by regulatory authorities but also necessary for maintaining an institution’s reputation.

Regulation 473

Regulation Compliance Exercises Guidelines 473

PYMNTS

MAY 27, 2020

The COVID-19 pandemic is accelerating the pace of digital innovation across the financial sector, and credit unions (CUs) are no exception. Many CUs are investing heavily in new digital technologies to help serve their members during the COVID-19 pandemic, but not all innovations are successful.

ATM 243

ATM Innovation Meeting United States 243

Perficient

OCTOBER 24, 2024

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. The evolution of electronic trading provides a valuable case study to consider.

Regulation 221

Regulation Risk Management Compliance Fraud 221

Abrigo

FEBRUARY 6, 2025

For those willing to innovate, its a chance to differentiate themselves in an underserved market, positioning themselves a step ahead of their competition. Even with strong compliance programs, theres always the potential for scrutiny from regulators. However, compliance goes beyond software. These details matter.

Lending 195

Lending Compliance Community Software 195

Abrigo

FEBRUARY 8, 2022

What NBFIs Should Know About Their AML Programs NBFI AML compliance requirements are top of mind in today's regulatory environment. Takeaway 1 NBFIs are agile and innovative and are competing head-to-head with traditional financial institutions. NBFIs’ AML compliance requirements. Here are 10 basics to ensure a sound program.

Compliance 195

Compliance Training Regulation Fraud 195

Perficient

AUGUST 4, 2024

Improved Security and Compliance With stringent regulatory requirements in the financial sector, security and compliance are paramount. Regulatory Reporting and Compliance Automation Compliance reporting is often a resource-intensive process.

Industry 467

Industry Compliance Examples Risk Management 467

Payments Dive

MARCH 5, 2020

tax policy at Avalara, explains why the technological innovation taking place across the convenience store industry has drastically increased the burden of product management, compliance, and shipping on businesses placing their stake in the omnichannel landscape. Scott Peterson, VP of U.S.

Taxes 354

Taxes Policies Compliance Innovation 354

PYMNTS

OCTOBER 7, 2020

As data privacy becomes enshrined in international law, regulatory compliance will grow more stringent and costly to companies that fail to provide the digital defenses these laws demand. A single point of integration provides a way to more easily adhere to new and evolving regulations,” Jenna Hutt, Spreedly head of compliance, told PYMNTS.

Compliance 201

Compliance Fraud Data Payments 201

Jack Henry

DECEMBER 2, 2024

When it comes to AI, compliance and accountability are more than regulatory obligations – they are commitments to your accountholders’ trust and the integrity of your financial institution. So, what happens if you don’t have robust AI governance and accountability structures in place?

Compliance 88

Compliance Survey Branding Strategy 88

PYMNTS

JANUARY 6, 2021

And according to Doug Brown, senior vice president and general manager of digital banking at NCR , simplicity and innovation have turned what could have been a disastrous year into a transformational pivot for the better.

Innovation 318

Innovation Data Examples Community Bank 318

PYMNTS

JULY 10, 2020

And while payments tools indeed must be wary of the complex and ever-changing compliance requirements unique to the cannabis market, there is opportunity, he said, for the marijuana sector to eventually become a powerful influencer over other industries’ adoption of solutions like optimized B2B payment tools.

Innovation 210

Innovation Payments Tools Compliance 210

PYMNTS

MARCH 17, 2020

Simply put, the back-office systems are ill-equipped to handle the demands of technological innovation, especially as financial services cross channels. The Challenges Of Multi-Channel Payment Innovation. For many firms, with legacy infrastructure that has been in place for decades, scale becomes difficult.

Innovation 228

Innovation Payments System Security 228

Abrigo

NOVEMBER 2, 2021

Culture of compliance is crucial to BSA/AML programs Culture of compliance within the BSA/AML framework is not new and was first introduced by FinCEN in 2014. Takeaway 2 Poor culture of compliance will result in shortcomings in a financial institution's BSA/AML program. A strong culture of compliance is crucial.

Compliance 195

Compliance Regulation Resources Policies 195

South State Correspondent

JUNE 22, 2022

Every bank wants to be “innovative,” but the truth is innovation is difficult. Add to that a bank’s resource constraints, compliance demands, budget goals, legacy IT infrastructure and talent gaps, and innovation for a bank is extremely difficult. The Problem of Bank Innovation. Framing Innovation.

Innovation 195

Innovation Meeting Apple Maine 195

Bank Innovation

FEBRUARY 12, 2020

based digital banking startup Revolut is expanding at a rapid clip. The company boasts more than 8 million customers across multiple continents. It operates in Europe and Australia, and last fall launched publicly in Singapore and in beta for U.S.

Compliance 284

Compliance Meeting Digital Banking Operations 284

Perficient

FEBRUARY 10, 2021

New features are very difficult to deploy, patching is near impossible and is leading to downtime, and security and compliance standards are becoming harder and harder to meet. You’ve looked at it from every angle you can and there’s no way around it. You need to modernize your application and move it to the cloud. How We Can Help You.

Management 547

Management Operations Innovation Security 547

Abrigo

FEBRUARY 20, 2025

AI can eliminate certain processes altogether while maintaining compliance and consistency to provide a better experience for customers and staff. Security and compliance Clearly, AI initiatives must align with existing security and compliance requirements. Learn how Abrigo has approached integrating AI.

Strategy 195

Strategy Compliance Data Tools 195

PYMNTS

DECEMBER 31, 2020

From the back-office bean counter to the overseer of cybersecurity and anti-money laundering (AML) compliance, the modern corporate treasury has undergone an extreme makeover in recent years that goes well beyond its historic roots in cash management. The other is technological innovation. According to J.P.

Innovation 289

Innovation Payments Trends Regulation 289

Perficient

JANUARY 30, 2024

We take immense pride in recognizing that our committed individuals propel innovation and drive change within our industry. The CoE Background Perficient’s Risk and Regulatory CoE was established this past October (2023) to confront potential compliance issues. Our success at Perficient emanates from the dedication of our team.

Innovation 221

Innovation Risk Management Meeting Management 221

Abrigo

OCTOBER 22, 2024

FinCrime fighters aren’t just checking boxes for compliance. Growing challenges and complexity Financial crime isn’t what it used to be; cybercriminals are more innovative, faster, and harder to catch. Here at Abrigo, we’ve been doubling down on innovation even when others were pulling back.

Security 221

Security Fraud Community National 221

Perficient

MARCH 1, 2021

This week, Red Hat announced its acquisition of StackRox , a leader and innovator in container and Kubernetes-native security. Compliance. As containers and Kubernetes adoption continue to grow, security, monitoring, data management, and networking are becoming top concerns for enterprises. Vulnerability management. Risk profiling.

Security 433

Security Leadership Community Google 433

PYMNTS

SEPTEMBER 17, 2020

We are innovating the underlying infrastructure that financial institutions use to make transactions run even faster end-to-end, and at the same time further reducing costs for the community through industry-shared services in the areas of cyber, fraud and compliance," said Javier Pérez-Tasso , SWIFT’s CEO, in a statement. “We

Innovation 348

Innovation Payments Compliance Data 348