Perficient

JULY 18, 2024

Next, we migrated data to a new AWS-hosted client reference database powered by Apache Glue and DynamoDB. That’s where our team of experts came in. This highly connected solution consolidates client, transaction, and account data into a dynamic, centralized repository.

Management 221

Management Data Customer Experience Innovation 221

Abrigo

AUGUST 5, 2024

The basics of counterfeit check detection for banks and credit unions Check fraud is surging and technology advances aren't helping. Read on for some common physical traits of counterfeit checks Takeaway 3 Advanced technology is crucial in detecting counterfeit checks. Staying on top of fraud is a full-time job.

How To 195

How To Fraud Training Software 195

Perficient

JUNE 25, 2024

In his speech, Hsu emphasized that the rapid adoption of technology during periods of change, without corresponding adjustment in controls, allows risks to grow undetected until they culminate in financial crises. YOU MAY ALSO ENJOY: Azure GPT-4 Analysis of the New CRA: Part 1 Azure GPT-4 Analysis of the New CRA: Part 2

Case Study 221

Case Study Risk Management Analysis Innovation 221

PYMNTS

NOVEMBER 3, 2020

11, 2010, alleged that Apple’s FaceTime and VPN On Demand features were using its patented technology. VirnetX, for its part, addressed the “troll” accusation head-on in a company blog post that explained how its technology “made a genuine contribution to U.S. The original lawsuit , filed Aug. national security.”. "On

Apple 226

Apple Nevada Texas Maine 226

PYMNTS

AUGUST 20, 2018

The firm that a White House lawyer once referred to as a “giant bloodsucker,” that hit a (staggering at the time) billion dollars in sales in 1929, that was valued at a billion dollars in 1959 and that reinvented the grocery store experience for consumers sold a 42 percent stake to a German investor in 1979 at a $190 million valuation.

Regulation 105

Regulation Online Innovation Google 105

Bobsguide

JULY 3, 2022

Leading fintech company, AutoRek, is delighted to have been recognised at the Systems in the City Financial Technology Awards 2022 in both the ‘Best CASS Solution’ and ‘Best Wealth Management Solution’ categories and are excited to have achieved the accolade ‘Best CASS Solution’ for the third consecutive year.

System 78

System Fintech Financial Technology Regulation 78

Insights on Business

MARCH 5, 2019

Reducing costs but appeasing regulators seems like an oxymoron, yet, many AML compliance and operations leaders are being asked to do just that. The question is, how to do this, while keeping the regulators happy? Even better, regulators have recently begun encouraging the application of these techniques.

Regulation 70

Regulation Compliance Analysis Innovation 70

PYMNTS

DECEMBER 9, 2019

as China aggressively moves forward with rolling out the next-generation wireless technology, former Federal Communications Commission (FCC) Chairman Reed Hundt told CNBC on Monday (Dec. The next-generation 5G mobile network provides accelerated data speeds to advance developing technologies like autonomous vehicles.

US 130

US Mobile Regulation Meeting 130

Abrigo

JULY 13, 2023

In the context of financial crime, this troubling analogy refers to a manipulation technique used to exploit vulnerabilities in a victim through frequent interactions and social engineering. Massive financial losses can destabilize their operations, impact profitability, and harm their reputation. What exactly is a pig butchering scam?

Fraud 195

Fraud cryptocurrency Training social media 195

CFPB Monitor

MAY 19, 2022

Regulation Z requires both tips to be included in the finance charge, resulting in APRs on the loans made to Connecticut borrowers ranging from approximately 43% to over 4280%. The loan disclosures stated that the loans had 0% APRs. The Department asserts that it is authorized to assert the UDAAP claim pursuant to Section 1042 of the CFPA.

Connecticut 78

Connecticut Operations Fintech Regulation 78

PYMNTS

AUGUST 20, 2020

million SMBs operate across the country and account for 64 percent of new jobs. Only 35 percent of such businesses make it past their first decade in operation. The 2008 recession resulted in government regulators tightening the standards for creditworthiness, increasing the amount of checks that lenders must undergo to approve loans.

Fintech 177

Fintech Fraud Lending Regulation 177

PYMNTS

JANUARY 16, 2020

Uber rival Bolt has closed a €50 million funding deal from the European Investment Bank (EIB) to help the startup scale throughout Europe and improve its technology, according to reports on Thursday (Jan. The funding comes as Uber faces a possible ban in London by transportation regulator Transport for London.

Regulation 130

Regulation Capital Examples Innovation 130

PYMNTS

DECEMBER 7, 2018

Not to ruin your holiday spirit, but let’s start this story with the cold and brutal truth: One of the largest risks that payments and commerce operators face in 2019 is being called to account by government officials, regulators or media about a failure to secure their organizations from cyberattacks. and other places.

Payments 240

Payments Tools Security Regulation 240

PYMNTS

FEBRUARY 18, 2019

Cryptocurrency has come a long way since bitcoin’s emergence as an unregulated, anonymous payment technology. which the institution plans to deploy in its corporate payments operation. BitRail doesn’t yet operate in the B2B payments space. “I see folks referring to it as a cryptocurrency.

cryptocurrency 175

cryptocurrency Payments blockchain Compliance 175

BankUnderground

MAY 15, 2024

These models form the bedrock of revolutionary technologies like large language models (LLMs), opening up new ways for regulators, such as the Bank of England, to analyse text data for prudential supervision and regulation. Analysing text data forms a core part of regulators’ day-to-day work.

Training 80

Training Regulation Policies Data 80

Jeff For Banks

APRIL 4, 2024

Shadow Banking refers to banking-like operations that take place outside of the mainstream banking industry. Shadow bank lending is similar to bank lending but is not subject to the same regulations, and compensating deposit balace requirements. and 53% indirect costs: operations, IT, human resources, etc.

Banking Trends 111

Banking Trends Trends Millennials Oregon 111

PYMNTS

MAY 20, 2019

According to the European Union Chamber of Commerce in China, incidences of European companies being “forced” to transfer technology in China are on the rise. The data form the chamber shows that, per an annual survey, 20 percent of its member firms report they have been “compelled” to hand over technology in return for access.

Charlotte 150

Charlotte Survey Technology Regulation 150

CFPB Monitor

JUNE 30, 2022

The OCC has long been concerned with operational risks posed to banks from cyber attacks. The SRP now estimates that operational risks to banks remain “elevated” because cyber attacks continue to “evolve” and “become more sophisticated.” Cybersecurity Risks.

Compliance 78

Compliance Fraud Technology Operations 78

PYMNTS

JUNE 11, 2018

So it is that in Asia, a finance organization is seeking to boost the regulatory embrace of new technologies that are geared toward fending off money laundering efforts. community banks hailed some changes to the Dodd-Frank regulations, particularly in regard to how small to medium banks are treated. Closer to home, in the U.S.,

Regulation 100

Regulation Community Bank Lending Industry 100

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. Regulation. Why are they doing so well?

Innovation 150

Innovation Metro Apple Marketing 150

PYMNTS

SEPTEMBER 11, 2019

In reference to the regulatory climate, don’t expect it to ease anytime soon. Treasury official Sigal Mandelker, who serves as undersecretary of the Treasury for Terrorism and Financial Intelligence, said cryptocurrencies that operate anywhere in the United States will have to comply with regulations that target fraud.

social media 116

social media cryptocurrency Regulation United States 116

PYMNTS

APRIL 14, 2017

The encrypted open source technology that records, stores and transfers information on a public forum in a secure manner to ensure no tampering takes place is truly unique. It’s one of the few technologies that has the potential to transform the way exchanges are made in different forms in today’s digital revolution.

blockchain 107

blockchain Bitcoin Regulation Technology 107

PYMNTS

JULY 16, 2018

Less abstractly, the future of the automotive industry — along with the payment and commerce tasks associated with it — depends significantly on the type of technology that ties together web-enabled cars and trucks with outside networks. What do the connections connect to themselves? A debate about those connections is heating up in Europe.

United States 130

United States Technology Guidelines Data 130

PYMNTS

OCTOBER 15, 2020

As reported by the Financial Times , regulators in the European Union are crafting a “hit list” of roughly 20 companies – Big Tech marquee names among them – that will face tougher rules over market competition and other operational activities. Last week, the U.S. Individual Company Practices . Amazon, for its part, has 2.3

Report 100

Report US Google Apple 100

PYMNTS

AUGUST 3, 2017

“Regulators have been quite slow and it is bordering on shameful, to be quite honest. ” Reports said the executive is referring to an ongoing review by the Basel Committee on Banking Supervision, and Winters added the decision to not restart dividend payments is “the cautious thing to do.”

Payments 108

Payments Capital blockchain Regulation 108

PYMNTS

SEPTEMBER 6, 2018

The age of technology is, of course, well upon us, with Software-as-a-Service (SaaS) a key conduit to making sure that at least some business operations — once the province of spreadsheets and reams of paper — can be streamlined. The top of any FinTech’s to-do — and to-keep-doing — list.

Compliance 133

Compliance Fintech Regulation Knowledge Base 133

PYMNTS

AUGUST 14, 2019

Cooperation in an environment that is rapidly advancing on many technological fronts was the theme when FinCEN Director Kenneth A. When it came to technology, Blanco was specifically interested in – and concerned about – two main areas. The first is the rise of mobile gaming and gambling. “What you do saves lives.”

Compliance 163

Compliance Las Vegas Data Mobile 163

PYMNTS

MARCH 21, 2019

We do think Europe will kind of adopt this regulation,” Hochrieser said, referring to the recent FDA ruling. He added that public smoking bans are “the first” stop toward more regulations. Jumio’s authentication technology asks for those ID details, and requests for the shopper to submit a selfie. Authentication Process.

Online 152

Online Retail Regulation Trends 152

BankUnderground

AUGUST 31, 2022

While regulators cannot be sure what risks the next decade will feature, they can be sure that the set of issues will continuously evolve. Cryptoasset technology is creating new financial assets, and new means of intermediation. Regulating an internationally interconnected system.

Policies 107

Policies Marketing System Regulation 107

Insights on Business

JUNE 28, 2018

Banks operating on legacy architecture will find it increasingly difficult to compete in an API-driven business environment, says Hans Tesselaar, executive director at BIAN. These objectives will be achieved by facilitating market entry for regulated non-bank players and driving increased transparency and customer protection.

System 130

System Innovation Industry Technology 130

PYMNTS

OCTOBER 31, 2016

According to the report, the banking regulator said the data breach had to do with a former employee at the agency removing more than 10,000 records without receiving authorization to do so. The OCC said that, once it found the data breach, it referred the case to the Treasury Department’s Inspector General’s office.

Data 100

Data FDIC Policies Report 100

Abrigo

APRIL 21, 2023

Ongoing assessments of loans Continuous monitoring for loan review refers to the practice of conducting ongoing assessments of loans in the portfolio to help create and support a system for independent credit risk review. Limited reviews used in this process can be a means to determine where to do targeted, more comprehensive exams.

Lending 195

Lending Risk Management Software System 195

PYMNTS

AUGUST 8, 2019

The watchdog group is investigating why the latest version of the Kaspersky Lab’s parental control app, Safe Kids, was declined by Apple’s operating system, which affected the app’s functionality. Apple said the removed apps used a “highly invasive” technology – Mobile Device Management (MDM) – that violated the App Store policies.

Apple 108

Apple Guidelines Policies System 108

PYMNTS

APRIL 5, 2019

One of the legal operations that are springing up in the states that have approved the above-board sale of marijuana products? But that’s not the case with legal pot operations, according to Wilson. Nor is this industry “attracting terrorist financing or other AML targets,” he said, referring to money laundering.

Payments 185

Payments Retail Industry Software 185

CB Insights

NOVEMBER 5, 2020

Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees. Submit your application here before November 25.

Capital 98

Capital blockchain Marketing Security 98

CFPB Monitor

MAY 31, 2022

Combined, these speeches leave no doubt that regulators are exceedingly focused on digital assets and cryptocurrencies, and in particular are increasingly focused on consumer protection concerns, beyond the usual illicit finance and terrorist financing concerns. Responsible Innovation “.

cryptocurrency 146

cryptocurrency Innovation DC National 146

PYMNTS

APRIL 21, 2017

Apple looks to have joined the race to develop self-driving technology. At the time, “future stuff” was widely thought to be a reference to augmented reality technology. The new permit will reportedly allow Apple to test the technology in three Lexus RX 450h models, a luxury hybrid SUV. We wouldn’t rule it out completely.

Apple 115

Apple California Software Technology 115