PYMNTS-MonitorEdge-May-2024

financial institutions

FinCEN Deputy Director Talks Reform, NBFI Supervision
FinCEN Deputy Director Talks Reform, NBFI Supervision
September 11, 2019  |  Regulation

Jamal El-Hindi, the deputy director of the Financial Crimes Enforcement Network (FinCEN), spoke at the 2019 Money Transmitter Regulators Association Annual Conference on Wednesday (Sept....

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Data: Credit Union’s Most Underutilized Asset
Data: Credit Union’s Most Underutilized Asset
July 18, 2019  |  Credit Unions

Data is where it’s at, and more credit unions (CUs) are waking up to the fact that without sophisticated analysis of customer data, they risk...

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Bank Innovation That Heeds The Needs Of The ‘Digital Native’
Bank Innovation That Heeds The Needs Of The ‘Digital Native’
July 18, 2019  |  Digital Banking

In financial services, there is a big gap between recognizing the need for innovation and actually innovating. Joe DeRosa, executive vice president at i2c, explains...

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Do Bigger Budgets Mean More Innovation?
Do Bigger Budgets Mean More Innovation?
July 02, 2019  |  Banking

Smaller banks and large financial institutions have been subject to a paradox where smaller banks are known to be more consumer-friendly, but the trade-off has...

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Why Aren’t More FIs Using AI To Fight Fraud?
Why Aren’t More FIs Using AI To Fight Fraud?
June 11, 2019  |  Artificial Intelligence

Payment fraud is an ideal use case for machine learning and artificial intelligence (AI), and has been used by financial institutions (FIs) to great effect....

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How Friendly Friction Builds Better Banking Experiences
How Friendly Friction Builds Better Banking Experiences
April 04, 2019  |  Digital Banking

Consumers’ preferences are undeniably shifting digitally when it comes to banking and financial services.  According to a recent study by Citibank, 31 percent of consumers use...

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Why FIs Must Be ‘Too Good To Fail’
Why FIs Must Be ‘Too Good To Fail’
April 04, 2019  |  Digital Banking

Financial institutions are flagging a bit when it comes to deployment of new technologies and financial products. One reason is infrastructure, where legacy systems hamper...

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Ant Financial Launches Banking As A Service Platform
Ant Financial Launches Banking As A Service Platform
March 07, 2019  |  Digital Banking

Ant Financial Services Group and Jiangsu-based Hoperun Information Technology announced Wednesday (March 7) a new banking product aimed at financial institutions. In a press release,...

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FTC Wants Comment On Proposed Changes To Safeguards, Privacy Rules
FTC Wants Comment On Proposed Changes To Safeguards, Privacy Rules
March 06, 2019  |  Regulation

The Federal Trade Commission (FTC) has requested comment on the proposed amendments of two rules that protect the privacy and security of customer data held...

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