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Invest in Data Management to Fight Regulatory Challenges, Survey Says

Bank Innovation

Financial service executives are still concerned about regulatory changes, but the best response is to improve data aggregation and management services. This is according to a survey by AxiomSL, which found that 66% of regulatory executives believe their institution needs to make investments in data management.

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Data Governance in Banking and Financial Services – Importance, Tools and the Future.

Perficient

Banks process an astronomical amount of sensitive information daily—think trillions of transactions annually—and they need to manage that data efficiently and securely. With the rise of AI, machine learning, and real-time data analytics, banks will need to be even more diligent in how they manage and govern their data.

Tools 221
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More Financial Professionals Are Looking to Fintech Providers for Commercial Innovation

Bank Innovation

However, more professionals in finance are looking to fintech providers for technological innovation, a survey by TD Bank released yesterday found. While fintech has made headway in consumer banking, commercial applications have remained a little behind the curve.

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PayPal Remains Most Popular ‘Innovative’ Banking Product for Millennials

Bank Innovation

Most millennials—more than 90%—have used or are using PayPal currently, according to the Millennial Money survey released last week by Vested. Other “innovative” banking products (i.e., It might be a better idea to focus on its parent company. those that are not attached to incumbents or traditional banking services) […].

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Regulation, Data Management Top Industry Concerns

Bank Innovation

Professionals in the financial services industry are focusing their energy on regulation and data management, according to a survey from consulting firm and technology services provider Synechron.

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Celebrating FinCrime Fighter Day: Honoring the heroes of financial security

Abrigo

In addition, even though many people can’t remember the last time they wrote a check, Abrigo’s recent fraud survey found that 61% of Americans still do—and millions fall victim to fraud. Growing challenges and complexity Financial crime isn’t what it used to be; cybercriminals are more innovative, faster, and harder to catch.

Security 221
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NEW DATA: Pandemic Pushes 70 Pct Of Businesses To Automate Accounts Receivables

PYMNTS

The pain points that accounts receivable (AR) teams most commonly experience can be boiled down to three underlying and related problems: continued reliance on manual AR management practices, and the resulting lack of speed and high operating costs associated with managing receivables.

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