CFPB Monitor

MAY 31, 2022

Associate Director Evangelista stressed “responsible innovation” by the cryptocurrency industry, in order to protect consumers and national security interests, as well as to combat cybercrime and other illicit financial activity. Responsible Innovation “. Responsible Innovation “.

cryptocurrency 146

cryptocurrency Innovation DC National 146

Perficient

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. Co-pilots: Software supported and enabled traders to operate more efficiently and swiftly.

Regulation 221

Regulation Risk Management Compliance Fraud 221

PYMNTS

JULY 14, 2020

This highlights an opportunity to increase operational efficiencies and meet customer demands.”. Large financial institutions have operational centers worldwide, but because the pandemic is global, organizations could not refer to a backup site. Alert rates have stayed flat and fraud detection has gone unchanged.

Fraud 311

Fraud Meeting Strategy Operations 311

PYMNTS

AUGUST 10, 2020

We’re talking lay sellers, not savvy operators with digital storefronts. That’s Mercari’s sweet spot and one that Lagerling said was crying out for innovation as the big online auctioneers like eBay diversified into larger, more complex financial ecosystems. Spiking sales volumes couldn’t stem operating losses of 19.3

US 278

US America Online Mobile 278

Bank Innovation

APRIL 17, 2017

To operate in society, we are all beholden to an economic system for which we require access to monetary and credit services to participate, be they formal or informal. Sadly, these typically come at the greatest cost to those who can least afford them (sometimes referred to as the poverty premium).

Fintech 268

Fintech Innovation Survey US 268

Bank Innovation

APRIL 27, 2018

The program, which Synechron refers to as its Regtech Accelerator Program, went live yesterday. EXCLUSIVE - Technology services provider Synechron launched a regtech program focused on helping its financial services clients on regulatory compliance issues.

Compliance 236

Compliance blockchain Technology Operations 236

PYMNTS

NOVEMBER 27, 2020

As B2B eCommerce accelerates its technological innovation, and as adoption grows, it continues to look toward the world of B2C to implement optimized end-user experiences – for both the buyer and the seller. As a result, legacy trade credit flows could be holding back the overall modernization of B2B commerce.

Payments 261

Payments User Experience Innovation Cards 261

Perficient

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.

Case Study 221

Case Study Risk Management Analysis Innovation 221

South State Correspondent

JANUARY 3, 2024

These books span a range of banking topics but emphasize second-order thinking, productivity, building client relationships, and innovation. This fictional novel with an ugly cover is a fast-paced and entertaining story of a plant manager desperately trying to improve operational performance and his marriage.

Leadership 370

Leadership Management Strategy How To 370

PYMNTS

OCTOBER 27, 2020

With 92 percent of restaurant traffic now off-premise, this funding gives us the opportunity to provide more restaurants with innovative ways to reach more consumers. The round was led by SoftBank Vision Fund II and also featured participation from Act One Ventures.

Branding 198

Branding Online Trends Examples 198

Bank Innovation

MARCH 30, 2018

These changes were established by the Bank of England in 2011, and is referred […]. The major U.K. bank said it will be switching off access to 24 million customers as the bank restructures itself as required by national regulation.

Online 220

Online National Regulation Mobile 220

PYMNTS

JUNE 9, 2017

In an interview with PYMNTs after a webinar by the pair titled, “Financial Services Innovation — The Risk of New vs. Nothing,” John Epperson, principal at Crowe Horwath LLP, and Jason Henrichs, managing director at FinTech Forge , discussed the challenges and rewards of embracing change, even as firms are mindful of what works.

Innovation 109

Innovation Compliance Technology Data 109

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. Would you like other articles like this in your inbox? trillion in illicit flow of funds.

Compliance 222

Compliance Fraud Regulation National 222

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. The pandemic has sped up the digital roadmap for everyone in financial services, providing for more innovation in the last few months than had been seen during several years. Innovating The ATM Beyond Cash. The Flaw In Demonizing Big Tech.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

NOVEMBER 9, 2020

there are indications that the opening of data flows between financial services companies has led to strong innovation (and demand for that innovation), and more regulation may loom. is arguably ground zero for open banking and, if investment flows are an indicator of where the FinTech-driven innovation will be, then the U.K.

Fintech 285

Fintech Data Regulation Innovation 285

PYMNTS

OCTOBER 30, 2018

Coinbase, the cryptocurrency exchange operator, has raised a fresh round of funding that gives it a valuation of more than $8 billion. The latest round of funding implies investors are still interested in the cryptocurrency market despite the steep declines in the price of many of the digital tokens.

cryptocurrency 181

cryptocurrency Regulation Management Innovation 181

PYMNTS

JULY 27, 2018

The company claims the firms are using its 2002 patent for a hands-free, voice operated, remote-control transmitter, according to a report from CultofMac.com. The complaint also references the Apple TV , which works in connection with the aforementioned devices to control appliances.

Apple 100

Apple Operations Samsung California 100

PYMNTS

AUGUST 27, 2019

As noted in a recent Optimization and ePayables Playbook , more than one-third of businesses are “enthusiastic” about adopting that innovation, with an eye on improving day-to-day operations. Among the most important benefits for firms that adopt ePayables, said Gilman, are increased safety and security.

Video 164

Video Security Innovation Study 164

PYMNTS

APRIL 28, 2017

According to a press release , uncovering the intelligence and insights of these consumer calls can help enterprise and mid-sized companies optimize media spend and sales operations, driving more high-quality calls to their businesses and creating the opportunity to successfully convert more of those callers into customers.

Analytics 134

Analytics social media Innovation Operations 134

Independent Banker

JANUARY 31, 2023

Photo by Rido/Adobe Maximizing each step in the innovation journey, including the fintech evaluation process, will set you on the right path to a fruitful fintech partnership. By Charles Potts, ICBA When it comes to innovation, understanding how we do it may be even more important than why. This is the year of innovation in action.

Fintech 139

Fintech Innovation Community Community Bank 139

Perficient

FEBRUARY 24, 2021

2020 was a year that challenged companies in every industry to not only adapt to an increasingly digital world, but to innovate quickly and accelerate their digital initiatives to survive in the competitive marketplace. The digital world is global, now, more than ever. What is Global Delivery? From a U.S.-based Cost-Effective.

Software 294

Software United States Strategy Industry 294

Bank Innovation

MARCH 3, 2017

The top 5 categories of skills, in descending order were: News, Gaming, Education/Reference, Lifestyle and Novelty/Humor. Most of those skills are for reference purposes, like […]. The Business & Finance category logged in only 190 skills as of this morning (less than 2% of the total).

Virginia 150

Virginia Operations Capital Technology 150

PYMNTS

MARCH 4, 2019

At the same time, however, these platforms are facilitating a more traditional sales need: They have to engage buyers and sellers as they operate in the digital world of connectivity. Trumbull said at the time, “Often people refer to us as Airbnb for cars because that concept makes sense.”. Approximately 3 million — or 2.9

Innovation 116

Innovation Branding Samsung Online 116

PYMNTS

APRIL 1, 2019

Consider the fact that current processes involving funds making their way across borders must navigate the vagaries of time zones (and hours of operation) and also navigate across several banks. These shortcomings make the cross-border payment industry ripe for disruption and innovation.

Course 153

Course Innovation Industry blockchain 153

PYMNTS

JUNE 7, 2018

Finastra said this week at Money20/20 Europe that it is making the trio of core components tied to its FusionFabric.cloud platform available for open innovation, eyeing the drive to open banking. FusionOperate, as the name implies, offers a management system to deploy and operate the applications via cloud infrastructure.

Fintech 186

Fintech Comparison Innovation Analytics 186

PYMNTS

APRIL 18, 2019

In reference to Ripple competitor SWIFT : Diamond Trust Bank — based in East Africa and operating in Burundi, Kenya, Uganda and Tanzania — has become the first East African bank to go live on SWIFT’s global payments innovation (gpi) offering. Africa, Too.

ATM 193

ATM Payments Regional Software 193

PYMNTS

SEPTEMBER 20, 2018

Beyond the security aspect, other advantages accrue for buyers and suppliers who utilize virtual cards — and, as Webster noted, unplanned spend (which can be a significant percentage of operating costs) can be covered with relative ease.

Cards 191

Cards Innovation Industry Payments 191

Accenture

OCTOBER 14, 2019

Payments innovations—from mobile, seamless interfaces to APIs to modern credit scoring—are enabling spontaneous, real-time offers, like point-of-sale (POS) credit and partner-driven distribution models, that make lending easier for both credit users and issuers. This makes descriptive reference to trademarks that may be owned by others.

Payments 150

Payments Lending Examples Innovation 150

PYMNTS

JUNE 18, 2020

The pandemic is having monumental impacts on restaurants’ operations and interactions with potential diners, pushing to the forefront services that offer quick and seamless online ordering tools to reach customers stuck in their homes. Panera Bread is also moving to innovate how digital customers interact with its physical stores.

Report 189

Report Online Strategy social media 189

PYMNTS

APRIL 4, 2019

So it is with financial services – and so it is, specifically, with innovation within financial services. In a podcast with Karen Webster, Amir Wain, CEO of i2c , discussed the state of readiness among the top-performing financial sector innovators. Shakespeare once wrote, in words given voice by a gloomy Dane: “The readiness is all.”.

Innovation 119

Innovation Fintech Survey Customer Experience 119

NCR

DECEMBER 18, 2017

Often owned and operated solely within a state or even just a few neighborhoods, these banks offer a personal touch that the bigger banks are currently looking to replicate. How community banks are innovating. The post How community banks are leading the way with innovation appeared first on Banking.com. Long may it continue.

Community Bank 79

Community Bank Community Innovation ATM 79

Accenture

SEPTEMBER 22, 2019

An obvious reason is the inroads they’re making into the market, both domestically and globally: recent Accenture research finds that digital-only banks operating in the UK could amass a total of 35 million customers globally within the next 12 months, up from 13 million today. Why the intense interest in the neo-challengers? Customer growth.

Innovation 150

Innovation Metro Apple Marketing 150

PYMNTS

OCTOBER 7, 2019

Securities and Exchange Commission (SEC) is seeking to “modernize” the regulation of exchange-traded funds (ETFs) in a bid to make those investment vehicles more innovative, and give them quicker entrance to the market. Might that pave the way for the emergence of cryptocurrency ETFs?

cryptocurrency 134

cryptocurrency Bitcoin Regulation Retail 134

Abrigo

SEPTEMBER 24, 2024

The Financial Crimes Enforcement Network (FinCEN) recently released proposed legislation that encourages innovation within AML/CFT programs, advocating for the integration of advanced technologies while maintaining compliance through human supervision​. Investigative expertise is critical.

Software 195

Software Management Compliance Resources 195

PYMNTS

JANUARY 28, 2019

Yes, I know that for many of you, especially in California, this is old news and standard operating procedure – but hear me out. The specific issue that I’m referring to is merchant surcharging – a fancy term to describe the fee charged by merchants when consumers use network-branded card products to pay for their purchases.

Regulation 181

Regulation Boston Cards Innovation 181

PYMNTS

JANUARY 7, 2020

Armis specializes in protection for the Internet of Things, which refers to the interconnection with the internet embedded in daily objects allowing them to send and receive data. According to Israeli financial news website Calcalist , Armis employs around 240 people in Palo Alto, California and Tel Aviv.

Software 131

Software California Capital Analytics 131

Insights on Business

SEPTEMBER 26, 2016

In order to remain relevant to digitally astute and socially active customers, core banking processes, must be more reliable, scalable and secure requiring banks to constantly innovate. When we talk about DevOps, we are referring to creating an IT process that delivers solutions for lines of business with a faster time to value.

Innovation 70

Innovation System User Experience Meeting 70