Can RegTech create strategic advantage? Can it allow firms to (gulp!) take on more risk? Marry tech and talent, says Crowe Horwath Principal Clayton Mitchell, and the limits can be lifted on regTech’s potential.
Innovation implies a break from the conventional ways of operating a business. Ultimately, innovation is oxygen for companies in almost any vertical, as competition demands new products and services, improving customer experiences in unexpected ways. It’s no secret that the regulatory landscape is shifting quickly,...
There is hardly a more difficult conversation to be had, CreditRiskMonitor CEO Jerry Flum told Karen Webster in a recent conversation, than the one the finance guys have with a sales guy about why they can’t approve shipping out a big order to a big buyer – especially if that buyer has...
NACHA, the electronic payments association, announced that banks and credit unions have registered 9,403 third-party senders as of the March 1, 2018 deadline. In a press release, NACHA said the rule, which took effect on Sept. 29, 2017, calls for financial institutions that originate ACH...
“Does this merchant pass the Debbie Test?” That’s the first thing Donald Kasdon, chief executive officer of credit card processing and payment solutions provider T1 Payments, said he asks when considering whether the processor should take on a new merchant. Debbie is Kasdon’s mother and, according to Kasdon, she’s...
What have we learned from the Equifax hack? Maybe nothing? Maybe everything? Maybe something in between? The stats are alarming, of course. Equifax, which is one of the triumvirate of major consumer credit reporting agencies, said last week that hackers had been able to access data across...
As companies expand and interact with an ever-widening web of vendors, third-party risk deepens as data is shared and, potentially, exposed. In the latest Topic TBD, Gayle Woodbury, managing director at Crowe Horwath, weighed in with PYMNTS’ Karen Webster on why risk control needs to...
Investing money into detecting, mitigating and preventing fraud has become just another part of doing business. But rather than the fraud department being seen as just another cost center to throw money at, it may be time for senior leadership to start looking at business-driven...
The compliance market is becoming increasingly crowded and competitive as both traditional powerhouses and new entrants race to deliver on solutions that will help keep businesses in line with AML and KYC requirements. But is enough being done? Brett Smiley, general manager of Americas for...
