PYMNTS

APRIL 2, 2020

Every interaction tells banks what customers actually want, meaning FIs just need the right tools to interpret this data. billion by 2025, with banks of all sizes leveraging such capabilities. Data analytics can give banks valuable insights into their customers’ financial lives and help them offer tailored financial products.

Banking 94

Banking Risk Management Credit Risk Valuation 94

PYMNTS

SEPTEMBER 24, 2020

And as Lisa Shields , founder and CEO of FISPAN , told Karen Webster in a recent PYMNTS TV conversation, embedding banking products and services within enterprise resource planning (ERP) systems can pave the way for chief financial officers and treasurers to do far more than simply track cash balances and pay bills.

B2B 94

B2B Banking Treasury Risk Management 94

PYMNTS

OCTOBER 7, 2020

To that end, Banking-as-a-Service (BaaS) company RootAnt , based in Singapore , is aiming to strengthen enterprises and ecosystems through open banking technologies. Embedded financing, he said, through digital and open banking technologies can help extend funding/credit to help SMB suppliers weather the storm. Risk Management.

Finance 95

Finance Risk Management B2B Construction 95

CFO Thought Leader

APRIL 28, 2024

This is a mindset that has led him to habitually monitor updates and alerts related to key vendors, including banking institutions. And so it was, in first quarter of 2023, that he spotted a vague tweet hinting at possible financial instability at Silicon Valley Bank. We go to where the consumer is.

CFO 52

CFO Corporate Finance Banking Risk Management 52

PYMNTS

JANUARY 5, 2017

ACI Worldwide, a provider of real-time electronic payment and banking company, announced Wednesday (Jan. 4) that it expanded its relationship with the Shared Electronic Banking Services Company (KNET) in Kuwait in which it will use ACI Worldwide’s payment risk management service.

Banking 40

Banking Risk Management Leverage Currencies 40

PYMNTS

JUNE 4, 2020

Some players in the space are now suggesting that open banking could be a tool to help FIs accelerate the know your customer (KYC) processes. FIs that enable open banking make application program interfaces (APIs) available to third parties, which can then use the APIs to seamlessly draw on customer data.

Banking 63

Banking Securities Risk Management eCommerce 63

Future CFO

OCTOBER 2, 2023

The increase in spending on AI , including software, services, and hardware, reflects a shift to leveraging technology in companies’ operations, as well as in improving customer experience and keeping up with the ever-changing market. The IDC is forecasting a compound annual growth rate of 25.5% for the 2022-2027 period.

Leadership 52

Leadership Risk Management Forecasting Leverage 52

PYMNTS

NOVEMBER 8, 2019

Bottomline Technologies reported fiscal first-quarter results that showed continued traction in areas of digital banking and accounts payable (AP) technologies. Management also noted that digital banking subscription revenue growth slightly outpaced the top line at 17 percent, where subscription revenues were $18.4

Banking 43

Banking Accounts Payable Healthcare Treasury 43

PYMNTS

APRIL 12, 2018

Bank software company Temenos has won the competition to work with telecommunications conglomerate Telia and power its digital banking operations, according to Reuters reports on Wednesday (April 11). Banks, meanwhile, appear to be trying to meet higher demand for their corporate clients, the report noted.

Banking 43

Banking Risk Management Leverage Technology 43

PYMNTS

NOVEMBER 3, 2020

The release stated firms have more often been looking for data to validate their own internal counterparty and credit risk assessment. Firms can bolster risk management, loan and debt underwriting, portfolio optimization, supply chain risk management and investment idea generation, the release stated.

Credit Risk 88

Credit Risk B2B Accounts Payable B2C 88

Future CFO

OCTOBER 2, 2023

Private fund firms are now putting idle cash to work in money market funds (MMFs), which has the dual benefit of earning a yield from cash holdings in addition to mitigating concentration risk. The second benefit is improved risk management.

Cash Management 52

Cash Management Marketing Treasury Concentration 52

Barry Ritholtz

MARCH 20, 2023

Silicon Valley Bank depositors made whole; Credit Suisse counter-parties saved; First Republic bondholders protected — are these bailouts or something else? All of the huge brokers and many of the largest banks enjoyed those privatized gains and socialized losses. Were these people “bailed out?”

Profit and Loss 127

Profit and Loss Banking Risk Management Financial Systems 127

CFO Leadership

OCTOBER 10, 2023

While this technology is still in its infancy, understanding its current and future capabilities, potential risks and basic risk management can help business leaders make better decisions. In terms of risk management, we typically consider frequency and severity of perils. What is Artificial Intelligence?

Risk Management 105

Risk Management Healthcare Leadership B2C 105

PYMNTS

MAY 30, 2018

Ant Financial continues its bank partnership streak, signing a strategic cooperation agreement today (May 30) with Shanghai Pudong Development Bank (SPD Bank). That is Ant’s third bank partnership this month, following deals with Huaxia Bank and China Everbright Bank (CEB) earlier in May. Ant’s Plans.

Banking 40

Banking Risk Management Startups Cash Management 40

Spreadym

JULY 21, 2023

The objective of digital transformation is to modernize and improve the efficiency, agility, and customer experience in the financial industry by leveraging technology and data-driven solutions. This includes offering mobile banking apps, online account management, and personalized financial advice through digital channels.

Finance 52

Finance Prioritization Compliance Leverage 52

PYMNTS

DECEMBER 6, 2016

The speed at which digital banking is being transformed by new technologies is rapidly increasing. Glen Fossella , CRO of Urban FT , recently joined Karen Webster for a discussion on where innovation in the banking environment is going and how banks — both big and small — are being challenged to keep up.

Banking 76

Banking Leverage Securities Technology 76

PYMNTS

APRIL 23, 2020

Cannabis operations that partnered with Hypur to leverage the company’s financial technology can tap into the digital HypurPay app to access a safer and more convenient payment environment. Hypur serves more than 600 clients throughout the country and has over 25 partnerships with banking and financial institutions.

Risk Management 72

Risk Management Compliance Leverage Startups 72

PYMNTS

NOVEMBER 30, 2020

“As criminals relentlessly target financial systems, organizations require cutting-edge technology for fraud detection and risk management,” said Kurt Guenther , CSI’s group president of business solutions. “By The solution analyzes human behavior and alerts users when anything appears unusual or questionable.

Risk Management 63

Risk Management Compliance Financial Systems Leverage 63

PYMNTS

MAY 5, 2020

In the age of the coronavirus, everyone is conducting all facets of daily life – commerce, banking, schooling, working – from home. On the “back end” of the business, Elan leverages state-of-the-art fraud detection tools to identify and prevent transactional fraud, account takeover and fraudulent applications.

Leverage 78

Leverage Education Risk Management Communication 78

PYMNTS

DECEMBER 29, 2020

With it, financial institutions need to strengthen their compliance to mitigate the risk of running afoul of the law. So it’s important for industry to support them aligned with the obligations they face under the Bank Secrecy Act,” he said. In fact, a recent GeoGuard survey found that U.S.

Compliance 108

Compliance Prioritization Securities Banking 108

PYMNTS

JUNE 10, 2016

For financial institutions, procurement means working with external suppliers that could potentially introduce the bank to risks that permeate far beyond the FI’s internal walls. Ian Cotter, a director at procurement firm GEP , told PYMNTS that supplier management is critical for banks today.

Banking 41

Banking Risk Management Cash Management Compliance 41

PYMNTS

JULY 5, 2018

With competition heating up from the FinTech firms themselves, banks seek efficient, affordable ways to improve their services without having to entirely scrap decades of legacy infrastructure already in place. The two-sided benefits of a bank-FinTech collaboration are certainly beneficial to FinTech firms like additiv.

Compliance 43

Compliance Banking Marketing Securities 43

PYMNTS

FEBRUARY 27, 2019

Slovenia is due to see an instant payments platform launch from Bankart this month, while Malaysia has a new solution of its own, enabling instant credit transfers to bank accounts using details such as mobile phone numbers or national IDs. Elsewhere in the U.K., SafeCharge partnered with U.S.-based New initiatives are also rising in the U.S.,

Reconciliations 57

Reconciliations Risk Management Leverage Securities 57

PYMNTS

JUNE 22, 2020

Bad actors, are, increasingly, targeting online card applications, using stolen personally identifiable information to apply for credit, leveraging those ill-gotten credit lines to make fraudulent purchases. Barrett told Webster the new risk solution provides a more complete and accurate picture of applicants’ identities.

Risk Management 77

Risk Management Leverage Accounting Compliance 77

PYMNTS

DECEMBER 8, 2020

Trying to get $269 billion into the bank accounts of 160 million Americans in a short timeframe is a Herculean task for any payments system, but there are ways to address the gaps and the cracks. Banks and large treasury partners can help solve some of the friction inherent in the last mile of payments. Tech-driven ways, of course.

Treasury 73

Treasury Prioritization Leverage Banking 73

PYMNTS

DECEMBER 21, 2020

More and more companies are starting to leverage payments technology with [virtual cards] because of the value to all players in the ecosystem,” Fenton said. Serent’s focus has been on companies selling what he calls "picks and shovels" into FinTechs, lenders and other constituents instead of investing directly into banks and lenders.

B2B 79

B2B Healthcare Investments Auditing 79

PYMNTS

JUNE 5, 2020

Open banking provides opportunities such as upgraded customer convenience and customized financial solutions that can help consumers access bank account details, send payments, manage their budgets and more. Open banking-facilitated apps can offer tailored support, reducing the need for in-person services.

Securities 69

Securities Banking Leverage Accounting 69

CFO Simplified

APRIL 15, 2024

Risk Management: Identify the potential risks that your company is going to face and develop strategies to mitigate them. This might involve adopting new software, or leveraging data analytics, but at its most basic level, it’s using your existing technology to the fullest.

Strategic Planning 52

Strategic Planning Planning Leadership CFO 52

PYMNTS

JUNE 8, 2020

PYMNTS’ June 2020 B2B API Tracker® done in collaboration with Red Hat , observes that recent rapid adoption trends for APIs among banks and financial institutions (FIs) indicate a wolf at the door (Big Tech, challengers), but more so, the realization that customer experience (CX) is the new currency. MFA and APIs Make A Good Pair.

B2B 52

B2B Securities Banking Risk Management 52

PYMNTS

OCTOBER 8, 2019

Citi is leveraging a newly formed strategic partnership with Cachematrix to create an online investment gateway for money market funds (MMF), Citi announced in a press release on Tuesday (Oct. Cachematrix , a software as a service (SaaS) FinTech, specializes in making cash control easier.

Investments 40

Investments Foreign Exchange Treasury Cash Management 40

PYMNTS

JUNE 21, 2019

In an interview with Feedzai Chief Product Officer Saurabh Bajaj , the executive told PYMNTS that consumers who have embraced mobile banking don’t want to interface with people or paper when opening their accounts. The Challenger Banks. Ideally, they want to tackle forms on their tablets or smartphones.

Accounting 43

Accounting Risk Analysis Leverage Construction 43

The Finance Weekly

NOVEMBER 20, 2023

A notable example is the Bank of America, which employs AI to maintain the integrity of transactions and combat fraud. By scrutinizing various data points such as payment history and IP addresses, the bank swiftly , identifies anomalies.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Cash Flow Forecasting Forecasting 52

Adam Kae

JULY 17, 2023

Adam Kae & Associates knows how to optimize working capital, manage accounts receivable and payable, and leverage financial tools to maintain a healthy cash flow cycle. We'll also cover cash flow forecasting techniques and risk management to minimize financial uncertainties.

CFO 52

CFO Marketing Cash Flow Forecasting Budgeting 52

PYMNTS

NOVEMBER 4, 2019

PSCU, a national payments credit union service organization, is teaming up with dispute management firm Lean Industries to process disputes, PSCU announced in a press release on Monday (Nov. The company will leverage Lean Industries’ AdjustmentHub and NetworkHub solutions to manage dispute services. “As

Leverage 40

Leverage Risk Management Technology Investments 40

PYMNTS

NOVEMBER 30, 2017

Jewel Paymentech is helping banks get on board with faster onboarding for merchants. The startup supports financial institutions across the Asian Pacific region as these banks and other traditional players scramble to keep up with competition from newer, nimbler FinTech companies.

Risk Management 46

Risk Management Startups Leverage Technology 46

PYMNTS

DECEMBER 4, 2017

nanopay aims to simplify cross-border transactions for banks and, by extension, for customers by integrating with each country’s payments rails so any in-country bank can send money to any bank in other countries. So far, nanopay has integrated with the rails in Canada and India, with its sights on the U.S.

Startups 45

Startups Leverage Risk Management Auditing 45

PYMNTS

OCTOBER 29, 2018

Pintec allows banks, non-bank FIs and businesses to turn on a host of services that, in essence, allow them to custom build their own consumer ecosystems. If you look at, for example, a second- or third-tier bank, however, they aren’t going to have all of that time and money to experience.

Planning 66

Planning Risk Management Banking Marketing 66