Proxymity’s Post

Alkami Technology and Plaid experts discuss the subject of open #banking and its implications on the Consumer Financial Protection Bureau’s (CFPB) proposed rules. Hear more about the opportunities it brings to our industry for enhancing user engagement and driving institutional growth.

A new article published in CU Management (CUES) features ViClarity's own Senior Director of Client Solutions, Jovilyn Herrick. She joined other industry experts to weigh in on impactful regulatory compliance topics that boards should be watching, like the open banking rule, AI, succession planning and financial innovation. Read it here: https://lnkd.in/gZfBDdY3 #RegTech #FinTech #ArtificialIntelligence #FinancialServices #Banks #CreditUnions #RegulatoryCompliance

We’re looking forward to discussing how open banking can unlock the value of AIS data for AML-regulated industries using EezyComply’s platform. Let’s turn data into action!

"Embracing this digital revolution requires a complete re-think of how financial institutions interact with their customers and how a myriad of technological advancements, including modern unified communications (UC) solutions, can help organizations of all sizes succeed." #ownersrepresentative #financialinstitution #creditunion #credituniondesign #bank #bankdesign #structurefirst

Join us on October 1st, when the Thistle Initiatives team will host what promises to be an insightful webinar session in partnership with Ozone API. Hear from the incredible Lorraine Mouat, Anthony Corner, and James Bushby as they discuss the future of Open Banking, and the implications of PSD3 on financial inclusion and compliance requirements. It's sessions like these that prove why we're so suited to serving fintechs. We're not just consultants or service providers for the industry, we partner with them too. By partnering with fintechs, we become even more embedded in the ecosystem. That means, that once regulatory changes occur, we can help both fintechs and traditional institutions navigate the complexities far more effectively. https://lnkd.in/efZ_UtnT

I spent two valuable years working on the technology side of a bank, where our team managed various types of payment processing. During this time, I gained extensive domain and technical knowledge, but if you ask me what is one thing that I will never forget is explained in the post. I’d love to hear your thoughts! How have you tackled rounding errors in your projects? Share your experiences in the comments below! And if you found this post helpful, please like it and share it with your friends.

CRIF and Ozone API Join Forces to Transform Financial Services “This is an exciting partnership for Ozone API, as this will help drive financial inclusion by providing the right tools to financial institutions to allow their customers to make more informed decisions about their financial wellbeing and get access to a wider range of financial services” commented James Bushby, Ozone API Global Partnership Lead. https://lnkd.in/eXMugjVm Jassimran Kaur Katie Hayes Robyn Winstanley Freddi Gyara Andrea Martellone Glen Keller Pietro Curtolillo #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

It's easy to get lost in the headlines about regulatory challenges facing banks that work with BaaS providers. Yet, amidst the criticism, it's important to recognize the significant systemic solutions BaaS has introduced. In our latest post, we provide a more objective perspective with some historical context on the technological challenges faced throughout the progress and evolution of financial services. BaaS has been instrumental in solving existential challenges for smaller financial institutions, enabling them to compete on a larger scale by leveraging technology and innovative partnership models. This journey has not been without its hurdles, as evidenced by a surge in regulatory actions, but the underlying success story is compelling and could serve as a foundation for a better platform going forward. https://lnkd.in/gsx6cMV5

Technology adoption in banking has surged, but are financial institutions truly prepared? Discover the common pitfalls and how to overcome them to ensure success. #BankingTechnology #CCGCatalyst #TechInsights Pitfalls in Technological Preparedness: Tyler Brown https://lnkd.in/giQF6Dqt

"More often than not, it is state regulators who charter many fintech partner banks. Their insights are critical during the examination process having been on the frontline of innovation. Regulators can learn from their approach to safety, soundness, and consumer protection, including through the creation of regulatory sandboxes at both the state and federal level."   Thank you, Patrick McHenry, for noting the value of a coordinated regulatory approach. Read the full letter here: