Category: Banking

API Standardization

API Standardization vs. Flexibility with B2B Payments: NACHA and Bottomline Technologies Sound Off

APIs are not new, but the rapid growth of technology in B2B payments has encouraged banks to embrace them as a means of connecting more seamlessly and effectively with technology and customers. In a fintech...

/ August 6, 2018
Anti-money laundering beneficial ownership

Opinion: House Anti-Money Laundering Bill Reform Threatened as Beneficial Ownership Registry Creation Tabled

The world of anti-money laundering beneficial ownership regulations has seen its ups and downs as of late. As of May 11 when the Financial Crime Enforcement Center (FinCEN) issued its “Customer Due Diligence Requirements for...

/ July 17, 2018
Banks becoming a strategic partner with business customers

Becoming a Strategic Partner for Business Customers: a 4-Minute Guide for Banks

While it’s often overlooked, managing payments is a strategically important function for business. To be successful, organizations need to make sure that they’re effectively managing their payments to capture all available revenue sources, maximize working...

/ May 29, 2018
employee fraud collusion

Identify & Eliminate Fraud Collusion, Part 5

So at this point you’ve done all the dirty work necessary to (mostly) lock down your network. You’re monitoring activity in real time, taking the context of behaviors into consideration, and you’re looking at the...

/ April 27, 2018
Choosing the Right Anti-Money Laundering Provider

Choosing the Right Anti-Money Laundering Provider: Getting the Answers You Need to Make a Smart Choice

A lot of change is affecting the banking industry, which is always followed by new and tougher regulations, often related to anti-money laundering. In January alone a regulation was discussed by the Senate regarding a...

/ March 19, 2018

Effectively Bridging Legacy Technology in a Digital World: A Guide for Financial Institutions

The recent Banking Barometer, conducted by the Swiss Bankers Association (SBA),suggests that banks in Switzerland are facing major challenges: rising regulatory costs, negative interest rates, shrinking margins, increasing customer demands and last but not least, digitalisation....

/ March 16, 2018
Bank validation

Eliminating Failed Direct Debit Transactions with Bank Validation Technology

Corporations worldwide make billions of payments every day, yet they generally do so without first validating that the information surrounding those payments is correct. The result is a rejected payment that can cost upwards of...

/ March 9, 2018
Benefits of Open Banking

Benefits of Open Banking: How it Helps Small-Mid-sized Businesses Improve Cash Visibility and Transaction Reporting

Open Banking in the UK got really interesting as of January 13, 2018. If you are an individual or small-mid-sized business (SMB) with an account at one of the largest 9 UK banks, you can...

/ February 13, 2018
Open Banking and PSD2 in the History of European Payments

Open Banking and PSD2 in the History of European Payments

What significance will January 13th, 2018 -- the day Open Banking and PSD2 became a reality in the U.K. -- have on the history of payments? Surely it will someday have a place in the...

/ January 15, 2018