Policy & Regulation

The central bank found that the increase in noncash payments fraud from 2012 to 2015 was still just a small fraction of overall payments.

Banks need dedicated teams to shore up digital compliance efforts, officials at SourceMedia’s RegTech 2018 conference said.

The Senate Banking Committee's latest hearing offers some clues.

A definition would give lenders a clearer idea of what practices are off limits; the mutual fund giant will provide the service for institutional clients.

BankMobile will remain part of Customers for at least two years after regulatory snags derailed a plan to transfer the unit to a Florida bank.

In hundreds of cases, the prepaid card program run by the bank allegedly sent users’ funds to fraudsters who had stolen their data. The security lapse has now caught the attention of the Democratic senator.

As silos complicate know your customer compliance and onboarding, low-code technology can provide a boost, according to Reetu Khosla, global head of life-cycle management and KYC for Pegasystems.

The consumer bureau’s interim chief told an industry conference that “regulation by enforcement is done.”

The regtech firm Arachnys, which recently raised $10 million from QED Investors and others, draws from a collection of 23,000 data sources to help banks protect themselves from money launderers and other criminals.

College prospects cite the financial crisis as one reason they are passing on community bank jobs to join fintechs.