PYMNTS

APRIL 29, 2020

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. “It’s not only about understanding the compliance procedures of the business itself,” said Karalevi?

Cryptocurrency 113

Cryptocurrency Cross-Border Compliance AML 113

Nanonets

DECEMBER 13, 2023

In addition, AI can help insurance firms evaluate risk with high accuracy by analyzing large volumes of data. This includes tracking changes in regulations and immediately flagging any discrepancies or potential non-compliance issues. What can be this data? This is just the tip of the iceberg.

AI 102

AI Process Fraud Detection Compliance 102

The Payments Association

OCTOBER 3, 2024

Yet, achieving this transformation is far from simple—it demands a strategic overhaul of the entire tech stack, from customer-facing applications to backend processing systems. Moreover, with 95% of all purchases will be made online by 2040 , the demand for seamless digital payment experiences is only expected to grow.

Payment APIs and Integration 88

Payment APIs and Integration Online and Mobile Banking On-Demand Process 88

Fintech News

JANUARY 16, 2024

In 2024, the banking sector is witnessing a pivotal transformation driven by advanced technologies like AI and cloud computing, evolving customer demands, and changing regulatory landscapes. China’s growing involvement in global economies and risks in its residential property sector demands scrutiny.

AI 116

AI Risk Non-Bank On-Demand 116

PYMNTS

FEBRUARY 25, 2020

These businesses have high volumes of often global, unstandardized and invoice-less transactions with proprietary methods for gauging how much they should pay their business partners and suppliers. The costs of the licensing and compliance burden mean it’s a rarity that new B2B FinTechs target this particular pain point, said Amit.

Regulatory Compliance 73

Regulatory Compliance Cross-Border B2B Compliance 73

Finovate

OCTOBER 1, 2024

. “The partnership between Kani Payments and Cardaq addresses significant industry challenges, including the implementation of automating reconciliations at pace, effective regulatory compliance, and fee apportioning. We are proud to do the heavy lifting of making complex data simple and standardized.”

Acquirers 52

Acquirers Reconciliation Regulatory Compliance Compliance 52

PYMNTS

JUNE 19, 2020

A payments orchestration layer can serve as an intermediary between a merchant and its various PSPs while extending services that support payments analysis, regulatory compliance, cybersecurity, anti-fraud protection and more. At the same time, eCommerce purchasing volumes are surging, with the month of April seeing a 23.5

Payments 75

Payments Money Laundering Regulatory Compliance AML 75

Fintech Finance

AUGUST 2, 2024

Client Segmentation: The SegmenTek ML engine autonomously segments clients based on transactional volume and value, industry, personal profiles, and geographical locations. Regulatory Compliance : Ensures ongoing compliance with global standards and simplifies regulatory reporting with automated report generation.

Instant Payments 94

Instant Payments Transactions Payment APIs and Integration Compliance 94

The Fintech Times

NOVEMBER 20, 2024

With over 240 million people in total currently, the demand for secure, accessible local payment options that connect them to global markets is on the rise. With PayFuture’s payments technology and regulatory knowledge, businesses can now navigate the complexities of this high-potential market with ease. billion to 6.4

Cross-Border Payments 69

Cross-Border Payments Regulatory Compliance Cross-Border Fraud Prevention 69

Clearly Payments

FEBRUARY 14, 2024

Furthermore, global payment volume reached a staggering $31.7 trillion in payment volume. However, they struggle with user acquisition and regulatory compliance. billion by 2027 , highlighting their growing demand. trillion by 2027 , reflecting the increasing demand for seamless international transactions.

Payments 82

Payments Value Added Service BNPL ISOs 82

The Payments Association

DECEMBER 18, 2024

” Merusha Naidu, global head of partnerships , says, “Global cashless payment volumes are projected to increase by more than 80% between 2020 and 2025, from about 1 trillion transactions to almost 1.9 Inspired by some great examples, such as Wio in the Middles East, which became profitable in their first year.

Cross-Border 88

Cross-Border AI Push-to-Card Real Time Payments 88

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. billion — 91 percent — of those penalties, while European regulators demanded $1.7 million. .

Suspicious Activity Report (SAR) 75

Suspicious Activity Report (SAR) FinTech Money Laundering AML 75

The Payments Association

SEPTEMBER 30, 2024

Merchants need to continue adapting to new payment methods, collaborate with industry peers, and stay agile in balancing innovation and regulatory compliance. Gunchenkova added that instant payments through open banking are also helping to reduce fraud, particularly in high-volume industries like gaming.

Fraud Prevention 88

Fraud Prevention Instant Payments Alternative Payment Methods Participant 88

The Fintech Times

JULY 19, 2024

“Moreover, staying current with technology and regulatory changes is challenging. Fintech companies need to continuously adjust to new laws and public expectations, which demands regular investment and adaptability. But it doesn’t stop there. “One of the biggest challenges is measuring social impact. .

FinTech 105

FinTech Privacy Financial Inclusion Regulations 105

FICO

MARCH 6, 2020

In this excerpt from that article, Jürgen elaborates on the importance of compliance. . A partnership aimed at helping banks, payment providers and fintechs meet the ever stronger regulatory demands while reducing effort and expense. . What do you do? This solutions suite is available on-premises and in the cloud.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

Fintech Finance

MARCH 18, 2024

Renowned for its compliance strengths and its ability to use its proprietary tech for new use cases like its digital asset escrow service and stablecoin payments, Clear Junction is also announcing a rebrand in recognition of the trust it is gaining from players across the banking, fintech and payments ecosystem. Clear Junction achieved 140.5%

Stablecoins 64

Stablecoins Cross-Border Payments Cross-Border Compliance 64

PYMNTS

JUNE 13, 2019

It seems an especially low number when considering this stat: Only 3 percent of companies meet customer demands for instant business-to-consumer (B2C) payments. Demand is there, pent up, for greenfield opportunities to bring speed and digitization to payments across a range of use cases. Why B2B Lags.

Checks 66

Checks Real Time Payments Faster Payments B2C 66

Fintech Finance

MARCH 22, 2024

In 2022, formal remittance volume in Latin America reached US$146 billion, more than double the amount from a decade ago, and a 25x growth over the past 30 years. Build trust through regulatory compliance and digital innovation. In El Salvador, 2 out of every 10 families who receive remittances live in poverty.

Visa 52

Visa Cross-Border Cross-Border Payments Financial Inclusion 52

PYMNTS

JUNE 24, 2020

As we learn in PYMNTS’ inaugural June 2020 Payments Orchestration Playbook , done in collaboration with Spreedly , “The international eCommerce market presents myriad opportunities for growth, and the COVID-19 pandemic has amplified global demand for digital ways to shop and pay. Analysis, Compliance, Speed.

Cross-Border 52

Cross-Border Cross-Border Payments Payments Regulatory Compliance 52

FICO

APRIL 5, 2017

It’s going to make your CFO take a keen interest in how collections can impact the volume of accounts rolling to Stage 2. At the same time you will have to watch the cost to collect, NPS and regulatory compliance. If you want more information, listen to my on-demand webinar on IFRS and collections. Some are saying 50%.

Regulatory Compliance 65

Regulatory Compliance Accounts Risk Regulations 65

PYMNTS

FEBRUARY 13, 2019

The move targets one of the largest pain points of Know Your Customer (KYC) compliance for businesses and their financial institutions (FIs): the complexity linked to corporations that use multiple banks across multiple jurisdictions. .” International Monetary Fund (IMF) estimations pointed to a total money laundering volume of $2.1

Money Laundering 64

Money Laundering AML Economy SWIFT 64

PYMNTS

SEPTEMBER 25, 2019

Compliance is not just about recognizing key regulatory pressures [on] digital marketplace lenders,” she told PYMNTS in a recent interview, “but also proactively ensuring a company is improving its processes and streamlining operations.”. In the U.S., In June, the U.K.’s Data Solutions For Data Problems.

Compliance 47

Compliance P2P Risk Management Regulatory Compliance 47

PYMNTS

APRIL 18, 2019

Ransomware threats are increasing, not only because the volume of attacks against businesses is on the rise, but because new, unique strains of ransomware are emerging that target larger organizations and demand higher payouts. A new report from cybersecurity company Coveware put some numbers behind this trend. Bitcoin at the Center.

Ransomware 57

Ransomware Bitcoin SDN Cryptocurrency 57

The Fintech Times

MARCH 18, 2024

Cloud-native digital fraud prevention tools are particularly adept at meeting these needs, offering the flexibility to scale with a business’s growth and the adaptability to respond to evolving transaction volumes and fraud strategies. Fraudsters are deploying ever-more sophisticated tactics, leading to billions in losses annually.

Fraud Prevention 59

Fraud Prevention AI Fraud Detection Payments 59

PYMNTS

JUNE 26, 2018

However, he and Shore both said that workers are growing less patient with work, or payment processing servers, that do not meet the growing demand to be paid into local bank accounts. The company’s Pay by API is designed to best serve companies that handle at least $250,000 annually in cross-border payment volume.

Cross-Border Payments 49

Cross-Border Payments Cross-Border Payments Economy 49

FICO

APRIL 28, 2020

Grupo Fleury, one of Brazil’s largest diagnostic medical companies, has further refined its demand planning management tool to optimize its operations and reduce the time taken to create sales forecasts from one month to half an hour, driving relevant opportunities to create value. Regulatory Compliance. Fraud & Security.

Financial Inclusion 52

Financial Inclusion Fraud Detection Regulatory Compliance Non-Bank 52

Nanonets

AUGUST 31, 2023

A recent study by Replicant and Demand Metric left no room for doubt. Increased scalability As your business grows, so does the volume of customer interactions. Scaling your operations to meet this growing demand can be costly and complex. Contact centers are customer-focused operations.

Automation 52

Automation CRM Compliance Process 52

PYMNTS

JANUARY 22, 2018

. “The overriding challenge is that a mid-sized company has similar requirements, but spread over lower volume, compared to a larger organization,” Deleval recently told PYMNTS. There are two key focuses for mid-market expense management tools, he said: infrastructure and regulatory compliance.

Regulatory Compliance 46

Regulatory Compliance Compliance Addressing Social Security 46

PYMNTS

JANUARY 15, 2018

A notoriously clumsy, friction-filled industry, B2B transactions must forge new paths to boost efficiency as businesses demand global solutions, speed and transparency. Further, in NACHA’s most recent update on same-day ACH volume – which found $87.1 “So many companies still rely on Excel spreadsheets to run their business.”

B2B 55

B2B Innovation Same Day ACH NACHA 55

Seon

SEPTEMBER 23, 2024

Payment screening plays a critical role in helping financial institutions and regulated entities ensure that onboarded customers pass financial crime checks, ensuring ongoing regulatory compliance – helping entities meet AML obligations across various jurisdictions.

Suspicious Activity Report (SAR) 52

Suspicious Activity Report (SAR) Money Laundering Due Diligence AML 52

Nanonets

JULY 26, 2023

Extracting relevant and accurate financial data from financial and business documents is critical for effective decision-making, financial analysis, and integrity, as well as regulatory compliance. These errors can lead to incorrect financial calculations, inaccurate reporting, and potential compliance issues.

Automation 52

Automation AI Financial Analysis Volume 52

Nanonets

APRIL 3, 2024

Common challenges in vendor statement reconciliation Vendor reconciliation presents a labyrinth of complexities and hurdles for businesses: Transaction Volume: Managing a high volume of vendor transactions, particularly within a rapidly expanding enterprise, can pose significant challenges.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52

PYMNTS

MARCH 2, 2018

This volume of investment reflects the soaring demand within financial services for new digital innovations as these technologies prove their value and applicability in the market,” said Accenture Financial Services Group Chief Executive Richard Lumb in another statement. A report released this week found startups across the U.S.,

B2B 47

B2B Continuity FinTech Blockchain 47

Nanonets

NOVEMBER 14, 2023

Furthermore, regulatory compliance is a key aspect of international invoice processing. Processing international invoices for payments therefore demands a comprehensive understanding of currency management, fee structures, regulatory compliance, tax considerations, and the use of appropriate payment methods.

Accounts 52

Accounts Wire Transfer Multi-Currency Cross-Border 52

Finovate

NOVEMBER 20, 2024

The company serves more than 100 million customers around the world, and is a leader in regulatory compliance, security, and privacy in the crypto space. ” Operating in more than 100 countries, Coinbase supports $185 billion in quarterly volume traded on its platform, and safeguards $273 billion in assets.

Rules 59

Rules Cryptocurrency Payment APIs and Integration Regulations 59

Stax

MARCH 14, 2024

Cross-border B2B payments can be complicated due to currency conversions, regulatory compliance, and varying banking systems. All this to say that if your company transacts with other businesses, it’s worth supporting multiple B2B payment methods so you can cover your bases. Not sure where to start?

B2B 88

B2B Process B2C Credit Cards 88

EBizCharge

JULY 18, 2024

Standards: EDI demands a highly standardized format to facilitate the exchange of business information, whereas EFT could include various forms of electronic transfers without the need for standardized business documents. These payment methods have distinct characteristics, protocols, and uses.

ACH 52

ACH Transactions Payments Funds Transfer 52