PYMNTS

OCTOBER 9, 2020

Venture capital funding landed at supplier payment and compliance automation firms this week, among other B2B innovators that raised money. Enterprise device security firm Eclypsium has notched $13 million in an oversubscribed funding round , which brings the overall funding of the firm to $25 million. Strike Graph. Firms in the U.S.,

Compliance 107

Compliance Auditing Accounts Payable Valuation 107

PYMNTS

SEPTEMBER 22, 2020

Consumers pivoting to online banking are also more concerned over the privacy and security of their data, especially as fraud volumes creep up —and financial regulators are taking notice. Banks are continuing their ongoing movement to the cloud even as data and security questions continue to grow. Around The Cloud Banking World.

Compliance 76

Compliance Banking Securities Technology 76

PYMNTS

JANUARY 14, 2020

In financial services, demand for ease of use and security are sky-high, even for business customers. But cloud migrations are often complex, particularly when it comes to remaining compliant with the mounting regulatory initiatives designed to address growing security risks in the financial services arena.

Securities 101

Securities Compliance Financial Data Banking 101

PYMNTS

SEPTEMBER 24, 2020

Reducing fees for remittances might push price points low enough that more consumers could resume sending money home, though, and some researchers believe that money transfer service providers could make such price adjustments if they are able to reduce their own expenses through more robust and cost-effective regulatory compliance measures. .

Compliance 89

Compliance Banking Economics Securities 89

PYMNTS

DECEMBER 16, 2019

Indeed, says Robert Courtneidge, CEO of payment technology firm Moorwand , this space is one of the most exciting and busy when it comes to innovation. Mixing Innovation With Compliance. Service providers are increasingly understanding that, like consumers, businesses demand a better and more seamless end-user experience.

Compliance 81

Compliance B2B B2C Prioritization 81

PYMNTS

SEPTEMBER 23, 2020

He explained that the cloud can help FIs swiftly respond to compliance and security challenges during the pandemic. He explained that the cloud can help FIs swiftly respond to compliance and security challenges during the pandemic. The Cloud And Compliance Challenges. Security Takes Center Stage.

Compliance 90

Compliance Banking Securities Technology 90

PYMNTS

JUNE 11, 2020

Social distancing restrictions implemented to curb the virus’s spread are preventing compliance professionals from obtaining physical identification documents and holding in-person meetings that typically enforced anti-money laundering/know your customer (AML/KYC) compliance. Compliance Enforcement Goes Remote With Biometrics.

Compliance 74

Compliance Leverage Securities Technology 74

PYMNTS

NOVEMBER 26, 2019

But financial regulatory compliance can be a headache for any market. For traditional banks, compliance experts agree that it’s all about data — and the ability to share information with regulators. Just ask Sergiy Barybin, CEO of Lithuanian cross-border payments technology company SatchelPay. An Opportunity for Collaboration.

Compliance 73

Compliance Concentration Restructuring Banking 73

PYMNTS

JANUARY 24, 2019

With third-party due diligence and supply chain security as increasingly critical components of organizations’ procurement operations, compliance executives are finding important positions in their firms’ purchasing processes. ” Organizations must do more with less, and they must do it quickly, he continued. .

Compliance 76

Compliance Risk Management Manufacturing Technology 76

PYMNTS

AUGUST 13, 2020

PAAY said its EMV 3DS offering lets merchants decrease chargeback costs, bolster authorization rates and maintain compliance as they provide an easy as well as frictionless experience for users. PAAY also announced that it had appointed Adam Gluck to be the company’s first chief product officer (CPO) and chief technology officer (CTO).

Technology 99

Technology Compliance Retail eCommerce 99

PYMNTS

JANUARY 22, 2020

FinTech solution company Entersekt has upgraded its authentication technology in the DACH region of Europe, according to a release. The company recently announced that the software company Netcetera implemented the authentication system for Bank-Verlag, a company that makes and provides secure services for Germany’s banks.

Securities 85

Securities eCommerce Compliance Banking 85

PYMNTS

SEPTEMBER 10, 2019

Companies therefore must either invest in teams of AML specialists or in fraud-fighting technologies. . The September AML/KYC Tracker examines the latest fraud challenges and efforts to ensure tight security and compliance. . How Mobile Financial Startups Can Bridge the Security Gap. Around the AML/KYC Worl d.

Securities 74

Securities Compliance Startups Budgeting 74

PYMNTS

FEBRUARY 21, 2019

Security and technology consulting company Accutive is rolling out a new solution designed to give enterprises an alternative to data encryption to protect sensitive information. Data Discovery enables businesses to identify sensitive data that will require specific regulatory compliance measures.

Compliance 51

Compliance Securities Technology Investments 51

PYMNTS

NOVEMBER 10, 2020

Atlanta payments encryption firm Bluefin is partnering with New York mobile payments processor PAAY to advance eCommerce security. Founded in 2007 by Miles and John Perry, who serves as chief executive officer, Bluefin specializes in encryption and tokenization payment and data security. . also known as 3DS 2.0

eCommerce 93

eCommerce Securities Compliance Technology 93

PYMNTS

SEPTEMBER 23, 2020

Senior citizens are the demographic group most vulnerable to identity fraud, as they are often not as digitally savvy as their younger counterparts nor as adept in online security best practices. Large investments in security measures are necessary for banks to protect themselves and their customers from this menace. billion ($8.9

Technology 83

Technology Construction Leverage Banking 83

PYMNTS

JULY 1, 2020

The Office of the Comptroller of the Currency (OCC) said in a report this week that it will examine how the coronavirus is impacting compliance by financial institutions (FIs). Additional steps may be necessary to properly segment and secure bank networks if employees use personal devices to connect to bank systems,” the OCC wrote.

Compliance 66

Compliance Banking Currencies Financial Systems 66

E78 Partners

APRIL 9, 2024

In an era characterized by rapid digital transformation, businesses across the spectrum are leveraging technology to fuel progress, growth, and competitive advantage. In particular, private equity investors have actively harnessed technology to streamline portfolio company performance.

Investments 59

Investments Compliance Securities Benchmarking 59

PYMNTS

NOVEMBER 13, 2018

A new survey shows that an increasing number of mergers and acquisitions (M&As) are not going through because of concerns over General Data Protection Regulation (GDPR) compliance.

Mergers and Acquisitions (M&A) 57

Mergers and Acquisitions (M&A) Compliance Financial Modeling Technology 57

PYMNTS

SEPTEMBER 24, 2020

Staying abreast of these various compliance shifts can be costly and challenging for banks, but doing so is necessary to ensure that financial institutions’ (FIs) operations can run smoothly and ward off cyberattacks. Compliance, Cybercrime And The Cloud . Most banks are familiar with how quickly regulatory requirements can change.

Compliance 60

Compliance Banking Securities Technology 60

PYMNTS

JANUARY 22, 2021

Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management. and India, alternative small business lending technology company CreditEnable has revealed a $2 million seed round, according to Inc42 reports. With headquarters in both the U.K.

B2B 81

B2B Securities Startups Investments 81

PYMNTS

OCTOBER 16, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies. The Cost of Compliance. Mobile, online and phone channels all have distinct fraud challenges and customer needs.

Compliance 49

Compliance Banking Risk Management Budgeting 49

PYMNTS

APRIL 13, 2017

“We try to stay on top of the latest technologies and provide the best customer care experience that we can for our users and give them a strong personal experience, so that we can set ourselves apart from the larger providers,” Elaine McGuffin, director of call center telephony at WideOpenWest, told PYMNTS.

Compliance 40

Compliance Securities Auditing Technology 40

PYMNTS

SEPTEMBER 16, 2019

Despite announcements last month that the deadline for Strong Customer Authentication (SCA) compliance will be extended , the original proposed deadline approaches next week. The potential cost for non-compliance is huge. Previous efforts for the U.S. to come up with a national privacy law were stymied.

Compliance 52

Compliance Communication Leverage Securities 52

PYMNTS

SEPTEMBER 23, 2019

Financial crimes risk management software company Quantifind and Oracle Financial Services have teamed up to improve anti-money laundering (AML) compliance and to add intelligence and automation properties directly into the compliance workflows, according to a release.

Compliance 65

Compliance Risk Management Leverage Technology 65

PYMNTS

OCTOBER 13, 2016

Regulation and compliance can be a tough space for many to wrap their heads around. As technology advances, the threat to digital security and identity protection becomes greater, forcing regulations to quickly adapt. Compliance Decoded. Why Compliance Is Going Social.

Compliance 76

Compliance Leverage Technology Securities 76

Strategic Treasurer

APRIL 5, 2022

Securing Payments: Adapting to Old Challenges and New Threats. Description : Payment professionals are often focused on two key goals: efficiency and security. These goals can seem to be in conflict, as the long-term focus on efficiency is confronted with new requirements for compliance, control, and external security.

Securities 52

Securities Compliance Education Accounting 52

The Charity CFO

APRIL 18, 2024

These challenges include financial issues, data security compliance, and talent retention problems. Financial Sustainability For nonprofits, financial sustainability means the financial security to cover expenses and advance your mission. Implement staff and volunteer training on security best practices.

Nonprofit 52

Nonprofit Compliance CFO Leverage 52

PYMNTS

OCTOBER 19, 2020

A recent survey found that one-third of businesses were worried about cross-border payments fraud, while 26 percent expressed data security concerns. How Cloud Systems Accelerate And Secure Cross-border Payments. Studies have found that cloud networks experience 60 percent fewer security incidents than traditional data centers.

Technology 77

Technology Securities Treasury Banking 77

PYMNTS

MAY 18, 2020

Many fuel companies have made the shift to a safer and more secure EMV environment, and we applaud them for doing so,” said Kush Saxena, Mastercard’s executive vice president in a statement. However, we also recognize and respect the complexities to upgrade to safer and more secure EMV transactions at fuel dispensers over the next few months.”

Securities 78

Securities Compliance Banking Planning 78

Nerd's Eye View

NOVEMBER 6, 2023

Welcome to the November 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!

Valuation 88

Valuation Compliance Practice Management Technology 88

Future CFO

OCTOBER 19, 2021

Gartner forecasts that global spending on security and risk management will exceed US$150 billion in 2021 adding cloud adoption and remote working to the mix of reasons for the spend. They can also explore the option of cyber insurance to protect the company’s assets from subsequent compliance penalties and settlement costs.

Securities 52

Securities CFO Risk Management Finance 52

PYMNTS

APRIL 10, 2020

“I think one of the largest reasons [insurers are still using checks] is because claim payments, the paying out of a claim, is [a] loss of money, and it is really hard for companies to focus or invest resources in a place in which you are losing money already,” Michele Schmitt, senior product manager for B2B insurance technology firm Tr?v

Technology 79

Technology B2C B2B Compliance 79

PYMNTS

SEPTEMBER 25, 2018

Emergent Technology, the blockchain technology company, announced on Tuesday (Sept. In a press release , Emergent Technology said T Stamp, which is known as Trust Stamp, makes artificial intelligence and biometric hashing technology for the purpose of verifying identities.

Technology 66

Technology Investments Compliance Financial Systems 66

PYMNTS

OCTOBER 17, 2018

17) that it has partnered with TokenEx for data security. In a press release , the companies said Bluefin and TokenEx will provide their platform security technologies to each company’s client base, including Bluefin’s PCI-validated P2PE solution for TokenEx clients and TokenEx’s cloud tokenization solution for Bluefin clients.

Securities 62

Securities Compliance Healthcare Technology 62

PYMNTS

MARCH 24, 2017

Payments technology is bringing these far-flung methods together in the spirit of modernization,” Gurz said. But technology only solves one side,” said Gurz, who went on to say that there is also a human component at work. “But But if you are doing a review of customers in Thailand and you are doing a review of customers in the U.S.,

Compliance 62

Compliance Currencies Technology Banking 62

PYMNTS

OCTOBER 2, 2018

Tanium, which provides organizations with an IT security platform, raised $200 million from Wellington Management, Baillie Gifford & Company and Adage Capital Management, pushing Tanium’s valuation up to $6.5 According to reports, Tanium addresses security friction within businesses caused by a disparate security strategy.

Securities 53

Securities Valuation Startups B2B 53

PYMNTS

MARCH 18, 2019

Gill asserts that most financial institutions, left to their own devices, may end up following a less than optimal path to innovation, and not because they have selected the “wrong” technology solution, since in Gill’s experience, what’s “wrong” for one FI might be right for another. Technology spend gets mistaken for branch transformation.”.

Technology 94

Technology Banking Investments Compliance 94