Perficient

DECEMBER 18, 2023

By adopting a proactive stance and leveraging technological advancements, financial entities can navigate the regulatory landscape with greater resilience and efficacy. Legal Obligations and Regulatory Frameworks It is well-known that financial institutions operate within a complex web of laws and regulations.

Regulation 473

Regulation Compliance Exercises Guidelines 473

Accenture: Banking

JUNE 18, 2020

But they are also forcing central banks and regulators to rethink and restructure their approaches to becoming resilient, adopting new technologies, leveraging data and constructing an agile operating model, all while providing regulatory services. Hence, regulators need to step up to stay relevant in the digital economy.

Regulation 334

Regulation Operations Data Technology 334

PYMNTS

SEPTEMBER 13, 2020

Europe's biggest banks have called on the European Commission to implement tough regulations for cryptocurrencies, such as stablecoins, that would protect consumers and preserve state sovereignty in monetary policy, Reuters reported. But new technology can be used to make settling financial transactions more efficient.”.

cryptocurrency 363

cryptocurrency Regulation Policies Conference 363

Perficient

DECEMBER 14, 2020

Cloud technologies have changed the way that enterprises deploy and integrate services, saving time and resources, and allowing them to hyperscale their services. If your organization is looking to capitalize on cloud technology in 2021, here are a few trends to keep in mind. Cloud-Native Technology Will Power Digital Transformations.

Technology 348

Technology Trends Software Resources 348

Perficient

MAY 27, 2022

For those wanting to start their own cryptocurrency fund, it’s important to be well informed about cryptocurrency regulations. Regulatory cryptocurrency regulations are most fluid at the state level. State Regulations. SEC Regulation. Central Bank Digital Currency (CBDC) ).

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

Perficient

NOVEMBER 30, 2021

Recognizing that regulated and non-regulated financial institutions seek to engage in cryptocurrency and crypto asset activities, the three largest federal bank regulators, the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, recently issued a joint statement on crypto assets.

cryptocurrency 309

cryptocurrency Regulation Policies Compliance 309

Chris Skinner

FEBRUARY 6, 2020

I often talk about how banks have five times more regulation than technology firms.

America 520

America Regulation Technology 520

PYMNTS

OCTOBER 8, 2020

As cloud technologies emerge to help financial institutions (FIs) drive digital innovation, Finastra has introduced its Fusion Payments To Go offering for small and medium-sized banks. In addition, Monese adopted Thought Machine’s cloud banking platform. Fusion Reveals Payments Platform Banks. Europe and South Africa. million. “The

Innovation 301

Innovation Technology Fintech Payments 301

Perficient

OCTOBER 7, 2021

In less than 60 days, the CFPB Regulation F requirements take effect. The CFPB allows for the use of newer technologies, such as email, SMS text, and social media, to name a few. In simple terms, it means collectors can: Make seven call attempts within a seven-day period. Make one call within a week of speaking with the “right party.”.

Regulation 294

Regulation social media Strategy Technology 294

Perficient

APRIL 2, 2021

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. AI technologies, such as voice recognition and natural language processing (NLP), are being used to improve customer experience and to gain operational efficiencies. Personalization of Customer Services.

Regulation 309

Regulation Industry Risk Management Analysis 309

Perficient

OCTOBER 15, 2024

Lets talk about data governance in banking and financial services, one area I have loved working in and in various areas of it … where data isn’t just data, numbers aren’t just numbers … They’re sacred artifacts that need to be protected, documented, and, of course, regulated within an inch of their lives.

Tools 221

Tools Data Compliance Regulation 221

Perficient

FEBRUARY 12, 2025

As technology advances and consumer expectations shift, staying ahead of these trends is crucial for success. The industry faces numerous challenges, including protecting sensitive data, navigating evolving regulations, and outdated legacy systems.

Trends 221

Trends Payments Compliance blockchain 221

PYMNTS

DECEMBER 16, 2020

In today’s top payments news around the world, IBM has bought Canada-based Expertus Technologies, while Gojek is rolling out its new GoBiz Plus point-of-sale (POS) offering. The technology, which is a collaboration with PT Bank Central Asia, functions as a supplement to the GoBiz retailer super app. “The

Technology 240

Technology System social media Payments 240

Abrigo

JULY 27, 2023

Takeaway 1 Regtech uses new technologies such as AI and machine learning to streamline processes that keep organizations compliant. Regulatory technology, or regtech, can improve the efficiency and effectiveness of functions in many workplaces, and banks and credit unions are no exception.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Takeaway 1 Regtech uses new technologies such as AI and machine learning to streamline processes that keep organizations compliant. Regulatory technology, or regtech, can improve the efficiency and effectiveness of functions in many workplaces, and banks and credit unions are no exception.

Technology 195

Technology Fraud Compliance Regulation 195

Perficient

MARCH 17, 2025

The financial services sector is experiencing transformative changes driven by technological advancements and innovative trends. Investing in technology, including upgrading IT infrastructure to support embedded finance and adopting cloud-based solutions , is crucial.

Trends 221

Trends Analytics Compliance Strategy 221

Chris Skinner

FEBRUARY 15, 2020

The main blog headlines are … Banking is what we do and technology is how we do it A decade ago, we talked about the financial crisis, technology, regulations and compliance.

Compliance 308

Compliance Maine Regulation Technology 308

Perficient

FEBRUARY 27, 2025

This will require being more inquisitive and innovative compared to previous years, as the adoption of AI and cloud technologies continues to expand. By ensuring compliance with regulations, banks mitigate risks and maintain trust with customers and regulatory authorities.

Banking Trends 221

Banking Trends Trends Digital Banking Customer Experience 221

Bank Innovation

SEPTEMBER 27, 2017

Fintechs are partnering with banks, banks are using blockchain technology, artificial intelligence, and cryptocurrency and financial regulation is still undergoing massive changes. 2017 has been a […].

Innovation 360

Innovation cryptocurrency blockchain Fraud 360

PYMNTS

APRIL 1, 2020

“This legislation represents a significant breakthrough – the first time a state or nation has passed a new law devoted exclusively to putting guardrails in place for the use of facial recognition technology,” Smith said in the post. The bill also establishes a task force to scrutinize how, when and why the technology is used.

Washington 304

Washington Policies San Francisco Oakland 304

Abrigo

MARCH 2, 2023

Banking technology decisions now affect future growth With the possibility of a recession, community financial institutions may consider a delay or cut in technology spending. Takeaway 2 According to Forrester data, firms pursuing technology-driven innovation grow three to four times faster than industry averages.

Technology 195

Technology Lending Community Software 195

Perficient

NOVEMBER 27, 2023

In the dynamic environment of highly regulated industries like healthcare and financial services, leaders often balance competing goals to delight customers while cutting costs. Imagine a technology that can precisely pinpoint where a process bottlenecks, track where inefficiencies are, AND offer ideas for automation opportunities.

Industry 221

Industry Regulation Compliance Data 221

Chris Skinner

JULY 29, 2019

Is the world being democratised through technology? How do governments regulate a networked world? I have this debate often: Why governments will fail to block the emergence of cryptocurrencies such as Bitcoin Can you have decentralised exchange without centralised control? A world without money A world without government? …

Bitcoin 334

Bitcoin cryptocurrency Regulation Technology 334

Abrigo

MARCH 8, 2024

Takeaway 1 Bank w ire transfer fraud is increasing due to technological advances today. Takeaway 3 Education and technology tools are our best defense against b ank wire transfer fraud in our institutions. While wire transfers offer speed and efficiency, they have always carried inherent risks.

Fraud 195

Fraud Technology Trends Training 195

Perficient

FEBRUARY 4, 2021

Technology maturity, opportunity cost, fast-changing regulations, delays, failed POCs, and more are roadblocks an experienced partner can help guide you through. Expertise in technology, architecture, and stitching together tiers of technology and services helps clients overcome platform complexity and deployment challenges.”.

System 531

System Data Technology Analytics 531

Abrigo

NOVEMBER 14, 2024

Facilitate oversight of information technology sources, systems, and processes that support AML/CFT compliance. Provide timely updates in response to changes in regulations. Provide for program continuity despite operations, management, employee composition, or structure changes.

Compliance 221

Compliance How To Training Software 221

Perficient

MARCH 30, 2023

However, due to their sensitive and regulated natures, some industries – especially the financial services industry – have had more complicated cloud transformation journeys than others. Institutions should implement cloud technologies in a way that makes sense for their needs.

Data 492

Data Security Training Regional 492

Abrigo

DECEMBER 26, 2024

Those changes require upgraded technology and staffing efforts. Regulators are paying attention to whether or not financial institutions are properly staffed on a risk basis," said Abrigo Senior Financial Crime Investigator Joann Millard. More institutions will look to technology for help.

Fraud 195

Fraud Compliance South Dakota Resources 195

Abrigo

MARCH 18, 2025

Traditional & emerging payment systems Payment system vs. payment platform Regulations related to payment systems The growing risk of payment fraud What is a payment system? Regulations for payment systems Financial institutions must comply with a complex web of regulations to ensure the security and legality of payment processing.

System 195

System Payments Fraud Regulation 195

Abrigo

JANUARY 27, 2025

Maintain compliance with anti-money laundering (AML) regulations. Emerging technologies: Enhancing data integrity and monitoring Resources are few and far between in the world of AML and fraud detection. Assess risks associated with customer activities effectively.

Data 195

Data Compliance Fraud Training 195

PYMNTS

SEPTEMBER 22, 2020

The regulator of the nation’s banks has issued its first guidance on stablecoins , the cryptocurrency backed by traditional currency. . Jeremy Allaire , CEO of financial technology firm Circle , told PYMNTS that digital currencies are ready to transition from speculation to become a broadly adopted payments instrument.

cryptocurrency 345

cryptocurrency Regulation Financial Technology Meeting 345

Abrigo

MARCH 5, 2025

As financial institutions deal with growing portfolios, evolving regulations, and a shifting workforce, maintaining consistency in credit risk assessment is more difficult than ever. Just as technology has transformed banking over the decades, AI is now changing the way financial institutions manage credit risk.

Risk Management 195

Risk Management Management Tools Compliance 195

PYMNTS

AUGUST 18, 2020

To accomplish this aim, the agency is examining how it can accelerate upgrades to current wireless technology via local and state regulations to provide the 5G networks that are “critical to expanding economic opportunities and supporting public health and safety in American communities.”.

Google 349

Google Video Technology Security 349

Chris Skinner

JUNE 20, 2017

, and then listed 12 reasons why banks find it hard to innovate: PR value versus real results: often banks have innovation theatre to make it look like they’re doing something when they actually aren’t internalising it Hampered by Heritage: too much legacy infrastructure to be able to adapt and change No real sense of urgency: few banks have a burning (..)

Innovation 407

Innovation Regulation Conference Fintech 407

Abrigo

FEBRUARY 6, 2025

Federal regulations under the Controlled Substances Act (CSA) still classify marijuana as a Schedule I substance, along with heroin and methamphetamine. Even with strong compliance programs, theres always the potential for scrutiny from regulators. Technology will also play a vital role. These details matter.

Lending 195

Lending Compliance Community Software 195

Accenture: Banking

MAY 23, 2022

As the payments ecosystem expands into the worlds of crypto and the metaverse, keeping up with customer expectations, regulations and technological shifts is becoming a big challenge for payments providers. The only thing we can be certain of is that things will keep changing!

Payments 301

Payments Regulation Technology Trends 301

PYMNTS

OCTOBER 9, 2020

A government report found that airplanes have a number of digital technologies that might become susceptible to hackers and says American regulators have not put sufficient methods in place to contend with the risk, Bloomberg reported. The Government Accountability Office (GAO) noted in a report Friday (Oct.

Report 348

Report System Regulation Technology 348