PYMNTS

JULY 27, 2020

The insurance industry has been bogged down by sluggish service and even slower payouts for decades, and while policyholders have certainly weathered their fair share of friction from the sector’s legacy incumbents, those insurance companies themselves have also suffered from a lack of digitization and automation.

Innovation 247

Innovation User Experience Industry Fraud 247

PYMNTS

JUNE 23, 2017

Created in 2017, the API Standardization Industry Group has begun developing an application program interface (API) standardization “playbook” to help enhance support for payments and the business needs of financial institutions, companies, FinTechs and other industry stakeholders and participants. The question remains.

Meeting 187

Meeting Groups Industry Report 187

PYMNTS

JANUARY 28, 2021

In the payments industry, they’re known as remittances. They have helped smooth COVID-19 pandemic-induced economic shocks, increased the resilience of developing nations throughout 2020, and they present a potential lifeline for recovery in 2021 and beyond. increase in final gross domestic product (GDP) in the recipient country.

Innovation 294

Innovation Marketing National Report 294

PYMNTS

SEPTEMBER 30, 2020

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. However, the banking industry doesn’t like that one bit. “We Specific Concerns .

Regulation 349

Regulation National System Industry 349

South State Correspondent

FEBRUARY 20, 2023

Many existing community bank customers and prospects are also national bank customers. The banking industry is nationwide and is becoming less branch-focused. There are now many online, nationally-focused lenders that are capable of an entire virtual relationship.

National 195

National Lending How To Community Bank 195

Perficient

AUGUST 25, 2020

We recently asked the Women in Tech group at Perficient what advice they would give for a woman hoping to build a career in the technology industry and their thoughtful advice was both inspirational and actionable. . Collaboration is even one of our Values and it’s the driver behind the innovation we deliver for our clients. .

Technology 572

Technology Groups Training Management 572

Abrigo

FEBRUARY 27, 2020

Key Takeaways FinCEN hires Digital Innovation Officer to prove commitment to innovation in BSA/AML. Abrigo embraces innovation with the introduction of artificial intelligence scenarios. Abrigo Embraces Innovation with Machine Learning Scenarios. Be at the forefront of innovation in BSA/AML. learn more.

Innovation 195

Innovation Software United States Compliance 195

PYMNTS

AUGUST 11, 2020

Idaho-based Kount has released a new product aimed at preventing insurance fraud as the industry increasingly turns to digital, and even mobile, setups. A downside to this: Fraudsters see consumer-oriented innovations as fresh ways to pursue their illegitimate line of work. In a Tuesday (Aug.

Fraud 234

Fraud Industry Idaho Customer Experience 234

Perficient

MAY 26, 2021

In the session “Differentiating Your Brand for the Digital Era,” Scott will discuss how financial services companies can leverage digital technologies in new and innovative ways to create new value for consumers and businesses. The presentation will occur on June 10 at 4:00 p.m. Beth Johnson, Chief Experience Officer, Citizens.

Fintech 462

Fintech North Carolina Charlotte Conference 462

PYMNTS

JANUARY 31, 2021

City National Bank has enlisted New York City FinTech Extend to enable the bank’s clients to offer virtual corporate cards to employees, vendors and other business partners, the companies announced in a press release. With Extend, City National is the first issuer in the U.S. Replacing them is much easier than replacing plastic cards.

National 172

National Cards New York City New York 172

Perficient

DECEMBER 15, 2020

The Creativity International Design Awards is active in recognizing exceptional design and the designers and innovators who make it happen.

Tools 475

Tools Policies Industry Community 475

PYMNTS

MARCH 12, 2020

eCommerce, particularly the cross-border type that PingPong enables, will feel the effects – though it likely won’t be the “wipe-out” situation that players in the travel industry are experiencing. An Opportunity for Innovation . As the situation evolves, Wang told Webster, the innovative responses are doing the same.

Innovation 283

Innovation Policies social media Examples 283

PYMNTS

MAY 6, 2019

The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial Services can move forward with a suit that looks to derail national bank charters for FinTech companies. The national licenses would let FinTechs lend money and paychecks to consumers. lakh (roughly $1.6

National 165

National Fintech New York Exercises 165

PYMNTS

FEBRUARY 27, 2019

These market conditions may not seem ripe for FinTech innovation, but where there are challenges, there are opportunities. Michael Sassoon, CEO of banking and technology firm Sasfin , recently told PYMNTS about some of the country’s biggest hurdles in small business FinServ — and what technology innovators hope to do about them.

Technology 190

Technology Industry Innovation Big Data 190

Bank Innovation

JANUARY 31, 2018

That’s the total record amount of money invested by the corporate venture capital industry last year in 1,268 financing deals, according to a report from Pitchbook and the National Venture Capital Association released Friday. Last year, was big for corporate venture capital?—?$37.4 billion big.

Capital 337

Capital National Industry Report 337

Independent Banker

AUGUST 31, 2021

ICBA’s National Community Bank Service Award winners for 2021 demonstrate that when their local areas need support, community banks are there with innovative, compassionate and thoughtful responses. The community bank provided nearly 480,000 PPP loans totaling more than $13 billion to businesses across the nation. “I

Community Bank 196

Community Bank Community National Fresno 196

South State Correspondent

MAY 1, 2024

For inspiration in banking innovation, we often look to other industries. Instead of thinking traditionally, Gentle Monster pursued a strategy of innovation and creativity to become the hottest sunglass company globally, creating a company currently valued at $900 million.

Innovation 195

Innovation social media Branding Marketing 195

CFPB Monitor

MAY 31, 2022

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.” Responsible Innovation “.

cryptocurrency 146

cryptocurrency Innovation DC National 146

PYMNTS

NOVEMBER 2, 2020

Here’s the latest news from Google and the technology industry, which is coming under increasing global scrutiny from regulatory watchdogs, consumers and organizations. UN Committee Indicates Support For Initiative To Tax Big Tech In Developing Nations. Regulation. The committee voted 12-10 Friday (Oct. and Facebook Inc. each month.

Taxes 212

Taxes National Regulation Google 212

PYMNTS

APRIL 16, 2019

Among the most recent headlines, in Asia this past week, the Monetary Authority of Singapore (MAS) and the National Bank of Cambodia have signed a memorandum of understanding (MOU), that Business Times said will boost partnerships on FinTech and financial services innovation. The money will be used to build engineering staff.

Fintech 211

Fintech San Francisco National Innovation 211

PYMNTS

SEPTEMBER 24, 2019

“With a lot of technology and technical innovation,” said Cohen, “people are always looking at it from a particular point of view, and that lens and those glasses – rose-colored or otherwise – are coming from a very specific individual with priorities and use cases in mind.”. It’s difficult to guard against experts in fraud.”.

Innovation 182

Innovation Fraud Technology Security 182

PYMNTS

JUNE 20, 2019

Faster Payments Council ( FPC ) has chosen industry expert Kimberly Ford as the organization’s first executive director. Ford developed deep subject matter expertise on a broad range of payments issues and has routinely served as a featured speaker at client and industry conferences,” the FPC said. Senator Bill Nelson (D-Fl.)

Industry 150

Industry Florida Leadership Data 150

PYMNTS

JULY 7, 2020

and other nations around the world as a result of the global pandemic continues to draw comparisons to the 2008 financial crisis — so it’s only natural that analysts may turn to the past in an effort to predict what could lie ahead. And it may be an opportunity for alt-lenders to once again initiate an innovation boom.

Lending 171

Lending Industry Fintech UX 171

PYMNTS

MAY 29, 2019

According to the Making Instant Pay Global Playbook , public utility companies are innovating their payment methods to include online and mobile options to meet consumer demand and stay competitive. Like Southern Company Gas, National Grid also wanted to build a mobile payment app but was held back by legacy infrastructure.

Innovation 145

Innovation Mobile Company Payments 145

PYMNTS

JULY 3, 2020

The global pandemic has left no industry unscathed, but the travel business has the unfortunate distinction of being the sector that was slammed first and hardest, Colin Smyth , head of travel at payments platform Flywire , told Karen Webster in a recent conversation. An Uneven Recovery Rate.

Payments 352

Payments Industry Operations Innovation 352

Perficient

FEBRUARY 13, 2021

Leaders from both the core virtual consult world like Teladoc and Amwell as well as RPM leaders like Vivify and cross-platform digital enablers like Microsoft, Amazon and Google will be looking to re-state and broaden the industry definition and understanding for a newly engaged audience. Consistent Experiences Matter in Virtual Health, Too.

Tools 520

Tools Marketing System Strategy 520

PYMNTS

OCTOBER 18, 2018

However, Swiss officials recently took steps to get ahead of the regulatory uncertainty surrounding the world of blockchain, focusing on a particularly large hurdle for companies in the industry. The SBA said it hopes the guidelines will encourage FIs to service these industry players and keep blockchain innovation within Switzerland.

Guidelines 213

Guidelines cryptocurrency blockchain National 213

PYMNTS

DECEMBER 2, 2019

Shifting employee landscapes, changes in workers’ demands over how and when they get paid, and technological innovation have combined to open the floodgates for payroll FinTech. has only a minimal reliance on paper paychecks, with direct deposit via the nation’s Bacs payment service commonplace. Speeding Up Wages.

Innovation 186

Innovation Data Payments Groups 186

PYMNTS

MARCH 3, 2020

Whether embracing development and adoption of new payment rails or developing solutions for legacy versions, the latest in payments innovation is all about speed – even for corporate payments. Under current legislation, businesses in “high-risk” industries must report any cash transactions exceeding that value.

Innovation 130

Innovation Payments blockchain National 130

Perficient

SEPTEMBER 19, 2023

The world’s largest gathering of insurance innovation, InsureTech Connect (ITC) , is right around the corner. And our team of industry experts is excited to connect, collaborate, and address the most pressing business needs of national and regional carriers. What Matters Most to Insurers in 2023?

Conference 221

Conference Strategy Innovation Industry 221

Abrigo

OCTOBER 22, 2024

Say "thank you" this National FinCrime Fighter Day BSA professionals and financial crime fighters are tasked with the challenge of protecting our financial system daily. October 26 is National Financial Crime Fighter Day , and it’s the perfect time to pause and applaud everything these professionals do.

Security 221

Security Fraud Community National 221

Perficient

NOVEMBER 1, 2024

Among other findings, that report found that innovations in AI were powering many non-bank firms’ capabilities and product and service offerings. The reader is urged to think back to when embedded finance and embedded financial services were deemed to be the future of banking in America.

Regulation 221

Regulation US Community National 221

PYMNTS

JANUARY 1, 2021

s Competition and Markets Authority (CMA) — chiefly for a new watchdog group — the proposed regulatory regime is intended “harness the full potential of digital markets, driving greater competition and innovation,” according to a CMA statement. In recommendations issued earlier in the month by the U.K.’s Beyond The Companies .

Regulation 352

Regulation social media Course Apple 352

PYMNTS

OCTOBER 21, 2020

The pandemic has shifted priorities in regulatory policy tied to the financial services industry — and for Europe, it is heralding the emergence of a data-driven economy. Maniati noted the transformation had been in place well before COVID and has stretched back over five years, but has seen some urgency in recent months.

Data 317

Data Regulation National Examples 317

Perficient

JULY 11, 2022

BNPL companies exploded during the pandemic when many were struggling financially and doing more online shopping, and they have continued to grow in popularity among practically all industries. Here, I will discuss the differences between several popular BNPL providers and the pros and cons of using BNPL as your payment method.

Fintech 474

Fintech Trends Apple South Dakota 474

PYMNTS

SEPTEMBER 23, 2019

As PYMNTS readers know, the QSR industry is undergoing historic innovation and disruption — and the latest financials from one of the largest and most successful QSR operators show where the trends are headed for late 2019 and the 2020s. More details about QSR digital and mobile innovative efforts are coming soon enough.

Innovation 155

Innovation Mobile Trends Operations 155

Abrigo

JULY 9, 2024

Takeaway 1 FinCEN’s proposed new AML/CFT program rule is intended to redirect AML/CFT programs to focus on the highest-risk areas, using innovative techniques and a goal-oriented approach. Takeaway 2 Financial institutions will need to incorporate FinCEN's national AML/CFT priorities into their risk assessments and compliance programs.

Compliance 221

Compliance Fraud Regulation National 221