PYMNTS

AUGUST 11, 2020

Spreedly , which works in accelerating global commerce via a secure, flexible platform for any payment type, has announced Christopher Hudel as chief information security officer (CISO), according to a press release. Hudel’s role will be to help boost cyber protection for customers.

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JULY 2, 2020

This crisis has exposed many vulnerabilities that may have been hibernating for some time in areas such as ecommerce, site experience, product information management (PIM), and other key spaces. Next: What’s around the corner that no organization is working towards today, but would be at the forefront of innovation if they were.

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OCTOBER 30, 2024

Pursuant to requirements and authorities outlined in the Anti-Money Laundering Act of 2020 (the AML Act), FinCEN is also taking several steps to create the necessary regulatory and examination environment to support AML/CFT-related innovation that can enhance the effectiveness and efficiency of the Bank Secrecy Act (BSA).

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AUGUST 31, 2020

It’s also a great time to think about innovation. I would like to talk about how Twilio Flex and other services from Twilio can provide some clear ways not only to manage these immediate concerns, but also to drive innovations in how you interact with your customers. Self-Service.

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PYMNTS

AUGUST 11, 2020

The new offering, which is available to consumers whether or not they are American Express cardholders, “includes a range of information and tools to help them understand their credit score better and plan for the future,” the company said in a press release. Kunal Madhok , vice president and head of product and acquisition for U.S.

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FEBRUARY 10, 2021

While the healthcare industry has long embraced technology, the demand to innovate and adapt quickly has grown exponentially in 2020 and into 2021. This has created an even greater demand for healthcare companies to incorporate more innovative technologies and build custom products to stay competitive within the market.

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PYMNTS

MAY 11, 2018

Innovation implies a break from the conventional ways of operating a business. Ultimately, innovation is oxygen for companies in almost any vertical, as competition demands new products and services, improving customer experiences in unexpected ways. Some companies view risk management and compliance as roadblocks to innovation.

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Compliance Innovation Management Risk Management 125

PYMNTS

FEBRUARY 21, 2020

The Financial Crimes Enforcement Network (FinCEN) has announced Michael Mosier as its new digital innovation officer and deputy director. In that role, El-Hindi will apply his FinCEN experience to “help lead the vision, design and development of the Treasury’s agency-wide data and information management strategies,” per an announcement.

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Innovation National United States Leadership 250

Independent Banker

JUNE 30, 2022

Demand for digital solutions continues to accelerate, making innovation an imperative for community banks looking to excel in today’s evolving market. That’s why ICBA makes innovation a priority and provides community banks with the information and tools necessary to grow and succeed in today’s competitive landscape.

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OCTOBER 24, 2024

As noted at the time by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes. Hsu highlighted that each phase requires different risk management strategies and controls.

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PYMNTS

DECEMBER 9, 2020

There’s a huge opportunity [in B2B payments] for businesses that have traditionally focused on the consumer,” David Disque , president of Corporate Spending Innovations (CSI), said in an interview with Karen Webster. While an attractive proposition, the shift into the B2B world can’t happen at the flip of a switch.

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PYMNTS

NOVEMBER 4, 2016

The seed of FinTech innovation often comes from a desire to do things differently. But as finance and payments tech expands, these traditional FIs are learning that perhaps the best way to meet the demands of their corporate clients isn’t to compete with FinTech innovators but to collaborate with them.

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PYMNTS

NOVEMBER 11, 2020

Deutsche Bank has opened a new cash management business in Australia, which will add to its global portfolio, according to a press release. Deutsche Bank now operates a global network of cash management services in 35 locations with 14 in the Asia Pacific, the release stated.

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Bobsguide

MARCH 30, 2022

IT leader brings extensive payments and project management experience to multibanking firm. the global leader in multibank connectivity and communications, has announced the hire of Bernhard Kaiser as the firm’s new Chief Information Officer. Fides Treasury Services Ltd. ,

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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.

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FEBRUARY 11, 2021

It continues to be adopted across various industry and technology verticals – including product information management (PIM). The process of managing extensive amounts of product information can become tedious and inconsistent, especially when exporting data to various commerce channels. Akeneo introduced Akeneo PIM 3.0

Software 508

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PYMNTS

JANUARY 21, 2021

In the bid to hasten their digital transformation, when it comes to innovation , financial institutions (FIs) may benefit from an “app store” approach as they weigh existing and new solutions. In a nutshell: If banks don’t innovate in a way that is imaginative and proactive, they will lose customers.

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PYMNTS

OCTOBER 21, 2020

Spend controls were the focus of innovation in the commercial card space this week thanks to feature and program launches. This week’s commercial card innovation tracker includes a rollout of the next generation of authorization controls from Comdata Inc., Finaxar Teams With Visa On SMB Spend Management.

Cards 130

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Bobsguide

MAY 11, 2022

London, UK – May 4, 2022 – Today Finastra announces the launch of Finastra Managed Services (FMS) on Amazon Web Services (AWS) to enable banks and financial institutions to access FMS in the AWS cloud. For further information, visit: Finastra Managed Service Solution | Finastra. Global Head of PR. T +44 (0)7917 613586.

Management 113

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PYMNTS

AUGUST 13, 2020

FinTech service provider WEX has introduced a new ClearView Snap capability with Amazon Alexa to help fleet managers look at insights and improve decision making by way of a verbal conversation with the chat function, according to a press release. In related news, WEX announced a new corporate payment solutions team in April.

Management 144

Management Strategy Analytics Innovation 144

PYMNTS

OCTOBER 16, 2020

A managed security services provider h as also con cluded a $53 million Series B round to help accelerate research and development of its cloud security technology, among other uses. Venture capital funding landed at accounts payable (AP) and cybersecurity technology firms, among other innovators that raised money this week.

Innovation 174

Innovation Capital Security United States 174

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JUNE 25, 2024

Toll Gates Are Needed To avoid repeating such scenarios, of that rather dire history, Hsu advocated for regulators and the industry to proactively identify points where growth and development should pause to ensure responsible innovation and build trust. The evolution of electronic trading provides a valuable case study to consider.

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Insights on Business

NOVEMBER 16, 2016

Most people who know the name Branch Rickey know him as the president and general manager of the Brooklyn Dodgers who played a key role in helping Jackie Robinson break the Major League Baseball color barrier in 1947. In fact, design is central to our mission of helping wealth management firms innovate in an era of digital disruption.

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PYMNTS

APRIL 17, 2020

Open banking regulations across Europe kicked open the door for a wave of FinTech competition, with consumer-facing personal finance management (PFM) right in the crosshairs of innovators’ efforts. Open banking enables these platforms to obtain information more quickly and securely, explained Vaccino.

Innovation 208

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AUGUST 4, 2024

Customer Relationship Management (CRM) Enhancement Financial organizations can enhance their CRM systems by integrating them with Azure Logic Apps, Azure Functions, and Azure Service Bus. API Management benefits your products & customers as much as it benefits your development teams.

Industry 467

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OCTOBER 1, 2024

AI can assist with information processing through tools like RPA and help identify errors in large datasets such as invoices, expenses, and internal claims. With the constant flow of information throughout businesses, automating these processes frees up enterprises to make better, more thoroughly considered decisions.

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JUNE 3, 2019

For credit unions (CUs), data analytics can deliver that insight, helping them to more effectively address their members’ specific needs, and informing CUs of the products and services that can deliver the most effective returns on their investments. Some CUs are much more likely to pursue innovations than others. For example, 91.7

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Analytics Innovation Data Fraud 150

Abrigo

OCTOBER 20, 2020

Plan for new technology and innovations. The banking industry has faced many challenges in 2020, from transitioning to CECL, managing Paycheck Protection Program loans, and navigating an unprecedented economic recession. More than 500 banking professionals across the country gathered for a two-day 2020 ThinkBIG: Manage Risk.

Management 195

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PYMNTS

DECEMBER 2, 2020

However, figures show that a majority of executives are in the midst of digital transformations, where 83 percent of financial services executives surveyed say that they’ve innovated with payments technology this year. Addressing The Chokepoints .

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BankInovation

JULY 6, 2020

Sathish Muthukrishnan, chief information, data and digital officer at Ally Financial, will speak at Bank Innovation Build, which will be presented in a fully digital format from Sep.

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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.

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Innovation Payments System Security 228

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NOVEMBER 8, 2024

Federal Reserve The largest of the federal banking agencies, the Federal Reserve has four regional federal reserve banks (Atlanta, Boston, New York and San Francisco) set up offices to study financial innovation with AI. Implementation of Risk-Management Practices and Termination of Noncompliant AI AI policy and review process.

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NOVEMBER 4, 2024

The report recommended that the agency develop a sector-specific AI Risk Management Framework. At the time, the agencies noted they supported responsible innovation by financial institutions as the use of AI, had the potential to augment decision-making and enhance services available to consumers and businesses.

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FDIC Regulation Risk Management Compliance 221

PYMNTS

MARCH 4, 2020

The time and effort lost manually filling in information, sorting through receipts and documents to track down missing details and ensuring each claimed item falls within companies’ standards stresses workers as well as the expense managers who must check each field. Bringing Innovation to a Traditional Industry.

Management 141

Management Technology Analytics Resources 141

PYMNTS

JULY 9, 2019

Corporate cash inflows and outflows present ample opportunity for friction and disruption — and, as a result, ample opportunity for innovation. In a recent survey by Deloitte , half of companies said they lacked a defined ownership of intercompany processes, yielding a lack of visibility and management into key processes and activities.

Management 150

Management Regulation Data Innovation 150

PYMNTS

JUNE 24, 2020

With corporate travel still on pause, commercial card innovation has taken a different direction. Elsewhere, a cyberattack raises concerns about the vulnerability of employee data when commercial card information is compromised. Nium Uses Cards For Credit. Swile Lands VC For Corporate Meal Card.

Cards 131

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PYMNTS

NOVEMBER 12, 2020

Beyond simply rendering information into bits and bytes, he said the purpose of digitization also revolves around understanding the trends being conveyed by that data. This has historically been on the dashboard of the treasurers, but there’s been a lot of effort to just get data as opposed to having time for analysis,” he said.

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