Insights on Business

JUNE 18, 2019

In the IBM white paper “ A new era of technology-enabled financial risk management ,” discover in greater detail how to apply emerging technologies to help modernize risk management capabilities. Explore all these topics in the IBM white paper, “ A new era of technology-enabled financial risk management.”

Risk Management 185

Risk Management Technology Management Big Data 185

PYMNTS

DECEMBER 5, 2018

The funding will be used to hire staff, “build out our infrastructure and secure the appropriate steps are taken to develop a regulated market for digital assets,” said ErisX Chief Executive Officer Thomas Chippas, according to Reuters. We found a proliferation of press releases, white papers and persuasively written articles.

blockchain 166

blockchain Bitcoin cryptocurrency Analysis 166

CFPB Monitor

JULY 13, 2016

While the CFPB has not yet held a public event devoted to FinTech or financial innovation, the Office of the Comptroller of the Currency (OCC) recently held a Forum On Supporting Financial Innovation in the Federal Banking System to discuss the agency’s approach to FinTech and other innovative products.

Innovation 60

Innovation Fintech Customer Experience Policies 60

American Banker

MARCH 31, 2016

A white paper released Thursday said the agency might issue new guidance on fintech product development, third-party risk management and new products targeting the underbanked; streamline its licensing procedures; and appoint experts on "responsible innovation."

Innovation 28

Innovation Management Fintech Risk Management 28

Insights on Business

NOVEMBER 12, 2018

As these regulations are constantly evolving and changing, complicated legacy systems have been developed over time that became hugely expensive to manage, incompatible with one another, and, as massive number of fines continue to be imposed, are being rendered ineffectual. Increasing your ROI with IBM OpenPages with Watson.

Compliance 107

Compliance Technology User Experience Analytics 107

PYMNTS

NOVEMBER 30, 2017

The EU is also gearing up for additional, overlapping regulations that could confuse financial services players regarding how (and when) to become PSD2-compliant. One of those challenges is ongoing discussions over some guidelines within the regulation, Deutsche Bank noted, particularly those pertaining to fraud reporting and security.

Guidelines 109

Guidelines Regulation Compliance Data 109

PYMNTS

MAY 10, 2019

Among the highest ideals for digital payments – driving innovation in transactions and customer experience – is, of course, the concept of seamlessness. The rule change is the subject of a recent white paper published by GIACT. That implies an ease of use while giving up nothing when it comes to security. New NACHA Rule.

Payments 178

Payments Fraud Security Customer Experience 178

American Banker

MAY 13, 2016

The Office of the Comptroller of the Currency's recent white paper is a great first step in promoting innovative collaboration between banks and fintech, but companies need clearer guidelines on what regulators expect of them.

Fintech 28

Fintech Guidelines Regulation Innovation 28

PYMNTS

AUGUST 11, 2017

Among the many issues facing businesses looking to use blockchain are government regulations and transparency. This week, Microsoft has released a technical white paper and demonstrations for its new that’s seeking to address the problems facing enterprises seeking to implement blockchain technology.

Bitcoin 102

Bitcoin blockchain cryptocurrency Software 102

FICO

JUNE 26, 2020

Building on FICO’s legacy of innovation for over 30 years, the FICO® Resilience Index is the latest solution designed to enable lenders with a more precise assessment of consumer credit risk. The FICO® Resilience Index adds another layer of data and insight to help indicate resilience of the overall portfolio.

Analytics 98

Analytics Analysis Tools Capital 98

FICO

JULY 18, 2022

FICO has long-supported financial service institutions in fulfilling their obligations to comply with applicable adverse action notice requirements under regulations such as the Equal Credit Opportunity Act (ECOA). In fact, no analytic modeling technique including ML can solve what is in essence a lack of data problem. Can Arkali.

Analytics 52

Analytics Data Lending Industry 52

PYMNTS

MARCH 1, 2017

Needless to say, banks are feeling the pressure on all fronts to get their capabilities aligned with what the innovators around them are already providing. Managing costs and finding revenue opportunities within a low-interest rate environment is a huge challenge for banks, many of which can’t afford to take on the cost of innovation.

Payments 100

Payments System Fintech Regulation 100

Insights on Business

FEBRUARY 11, 2019

These regulatory and legal restrictions and public cloud deployment reluctance are especially true for the financial industry and, probably more so, within the financial crimes and compliance space, where highly-sensitive, entity-related information is stored and continuously examined in highly-regulated processes.

Compliance 87

Compliance Security Big Data Analytics 87

Insights on Business

JULY 30, 2019

Explore these ideas in more depth in the IBM white paper A new era of technology-enabled financial risk management. And by “transformation.” we mean – at minimum – modernizing outdated risk systems and optimizing infrastructure in order to ready the organization for current and future success.

Risk Management 70

Risk Management Analytics Technology Management 70

FICO

AUGUST 15, 2018

Consider the risk modeling scorecard, which has been traditionally lauded by businesses and regulators alike for its predictive capabilities. Actually, decision modeling does this by putting the decision before the data, versus the other way around (and if you really want to dig deeper, check out this white paper ).

Analytics 53

Analytics Analysis Data Operations 53

FICO

JUNE 22, 2017

Increasingly in today’s age, terrorist organizations and dangerous criminals finance their operations by laundering money in global financial institutions, presenting a huge public policy problem for regulators and policymakers. Innovating AML tools has increasingly become a priority for banks and financial institutions.

Tools 55

Tools Compliance Innovation social media 55

Gonzobanker

DECEMBER 14, 2023

Note for you damn haters: yes, it’s down from a frothy high of $66,0000, but look at the normalized return over the past 15 years since Satoshi Nakamoto’s white paper.) Award – goes to CNBC’s Jim Cramer , who lamented that banks should have been innovating offerings like those delivered by PayPal and Square.

Fintech 190

Fintech Community Regional Technology 190

PYMNTS

APRIL 30, 2018

It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. Blockchain. Marketplace lending. Digital banks.

Fintech 183

Fintech blockchain Lending Digital Banking 183

FICO

JUNE 29, 2021

Legacy thinking may have its roots in strict regulation that applies to comms providers, a case of things being rigid and static, “we’ve always done it this way”. This was discussed in a new white paper from Digital Insurance on digital transformation and the future of insurance. But beware legacy thinking in the organisation.

Examples 52

Examples Operations Data Technology 52

Insights on Business

AUGUST 28, 2019

One of the privileges of the innovation team is that we get to evangelize concepts that are poised to reshape how our business will function. For the last year or two, we’ve been encouraging and enabling our organization to “think in microservices”. Learn more at ibm.com/RegTech.

Management 87

Management Risk Management Resources Analytics 87

Insights on Business

AUGUST 28, 2019

One of the privileges of the innovation team is that we get to evangelize concepts that are poised to reshape how our business will function. For the last year or two, we’ve been encouraging and enabling our organization to “think in microservices”. Learn more at ibm.com/RegTech.

Management 70

Management Risk Management Resources Analytics 70

Tomorrow's Transactions

APRIL 7, 2015

The UK’s new Payment Systems Regulator is now open for business. From Consultation on a new payments regulator for the UK ]. In the report, the regulator outlines three key areas of concern: governance, innovation and access. The devil, as it always is with these things, will be in the details.

Regulation 30

Regulation System Operations Payments 30

Insights on Business

SEPTEMBER 8, 2016

Late last year, I read an article in the Financial Times that said there were three possible reasons for the turmoil in the worldwide banking industry: a blip induced by excessive regulation, a return to normal after an exceptional pre-crisis boom, or the slow death of banking. And it’s a much needed influx of innovation.

Study 70

Study social media Compliance Operations 70

FICO

MARCH 18, 2020

Recent innovations have focused on the development not only of an image or voiceprint, but on building a more comprehensive biometric profile, using multiple variables (static and behavioral). and have a read of our series of three white papers looking at how biometrics are being implemented and developed in financial services organizations.

Fraud 52

Fraud Analytics Samsung Comparison 52

FICO

JANUARY 10, 2017

The “innovation” VantageScore claims can score more people is simply the weakening of credit score criteria. These criteria are necessary because credit scores need to reflect a person’s true creditworthiness to a sufficient degree that lenders, regulators and consumers, themselves, can rely on them.

Meeting 40

Meeting Data Report Risk Management 40

PYMNTS

SEPTEMBER 2, 2019

And with today’s technology, there are new ways to help them accomplish both, and that’s what we’re innovating to deliver. There are a lot of possibilities here, and both Facebook and the Association plan to work with regulators to help address all of their concerns before Libra will be ready to launch.

Payments 205

Payments Apple New York City Retail 205

Gonzobanker

DECEMBER 22, 2015

Bank Innovation named Jill one of the 10 most innovative CEOs in banking for 2015, and we doubt that Bank Innovation would know who Jill is if not for her presence on Twitter. Regulator Award. Jill’s use of Twitter is a model for any bank CEO looking to engage on social media. ‘Are Are You Freakin’ Kidding Me?’

Community Bank 60

Community Bank Apple Community Technology 60

CB Insights

SEPTEMBER 4, 2018

Closer look: The Geely-owned Volvo car brand has placed an emphasis on safety innovations when it comes to developing self-driving passenger vehicles. Closer look: In early 2015, Ford announced its “Smart Mobility Plan” to push the company forward in innovative areas including vehicle connectivity and autonomous cars.

System 78

System Technology Michigan California 78

William Mills

SEPTEMBER 9, 2016

I believe SEC regulations require a company to go public if they have more than 500 shareholders. Auto-financing is ripe for innovation. Customers want self-service capabilities but regulation and risk is top of mind that get in the way of digital interactions. Regulated Financial Institution.

social media 40

social media ATM Mobile Customer Experience 40

Chris Skinner

MARCH 17, 2017

On Wednesday the American Office of the Comptroller of the Currency (OCC)* followed up on its promise last December to introduce a national bank charter for Fintech bank startups by issuing a white paper on how to apply for a licence, the evaluation process and what will be involved. See OCC Issues Responsible Innovation Framework.

Apple 307

Apple Innovation Fintech United States 307

PYMNTS

JUNE 18, 2019

They are being asked to contribute their collective experiences in operating global, regulated payments and financial services networks to shape Libra’s charter and frame its governance structure. Facebook says that it is currently in discussions with regulators, who they claim, are eager to engage in conversations with them about it.

Payments 246

Payments Regulation blockchain cryptocurrency 246

PYMNTS

JUNE 24, 2019

Volatility has marked cryptos from the beginning and the white paper outlining Libra itself notes that there could be volatility. Unlike social media … the terms of engagement for innovations such as Libra must be adopted in advance of any launch.”. That spells regulation and caution.

social media 117

social media cryptocurrency Study Regulation 117

Insights on Business

DECEMBER 14, 2016

However, in light of macroeconomic challenges, increased regulation, and competition from fintechs (particularly for the highest value retail, product, and payments opportunities) revenue growth has remained sluggish. For a white paper on Radical Transformation in Financial Services, go to: https://www-01.ibm.com/marketing/iwm/dre/signup?source=mrs-form-10102&S_PKG=ov55254.

social media 70

social media United States Operations Regulation 70

Gonzobanker

FEBRUARY 9, 2017

With interest rates likely to rise (margin expansion), tax cuts on the way (economic expansion), infrastructure spending (financing opportunities) and less regulation (lower operating costs), bankers see a playing field emerging that was custom-built for their entrepreneurial animal spirits. New white papers from Cornerstone Advisors.

Arizona 60

Arizona Conference Technology Washington 60

Gonzobanker

FEBRUARY 9, 2017

With interest rates likely to rise (margin expansion), tax cuts on the way (economic expansion), infrastructure spending (financing opportunities) and less regulation (lower operating costs), bankers see a playing field emerging that was custom-built for their entrepreneurial animal spirits. New white papers from Cornerstone Advisors.

Arizona 60

Arizona Conference Technology Washington 60

CFPB Monitor

OCTOBER 17, 2018

In May 2017, the CFPB issued a RFI and a white paper on small business lending in conjunction with a field hearing on small business lending. HMDA/Regulation C. In addition to DFA Section 1071 rulemaking, the key long-term actions items listed in the Fall 2018 agenda are: Inherited Regulations. Consumer reporting.

Regulation 68

Regulation Compliance Lending Cards 68