News Topic: Regtech

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Artificial intelligence, machine learning and enhanced data sharing among lenders could go a long way toward spotting suspicious patterns in daily financial activity and bad actors, experts say. ... Read full article

The OCC’s efforts to bring the technology into the financial mainstream could help people in underserved communities more securely execute payments. ... Read full article

Banks' fear of big penalties, the changing tactics of nimble criminals and a greater openness among regulators to new approaches are among the factors driving big investments. ... Read full article

Jelena McWilliams explains the agency's decision to enlist the help of tech innovators to modernize a reporting process that the coronavirus epidemic has exposed as outdated. ... Read full article

The agency’s advance notice of proposed rulemaking, which would require banks to evolve with technology, shows foresight that policymakers too often lack. ... Read full article

The acting head of the agency says it cannot continue relying on web-based exams put in place during the coronavirus and will start sending staff into banks. ... Read full article

One platform under development will let financial technology startups use a single portal to obtain licenses from multiple states, and another will let states collaborate on examinations. ... Read full article

Tech sprints that bring regulators together with bank officials, data scientists and software companies originated in the U.K. and have crossed the pond into the U.S. ... Read full article

An outside paper identifies the statutes, regulations and other bureaucratic realities complicating the banking agencies’ efforts to oversee and benefit from rapidly changing technology. ... Read full article

Silicon Valley giants are better innovators, software developers and data managers, but banks' inherent advantages shouldn't be discounted, says Sonny Singh, a senior vice president at Oracle. ... Read full article

The leader of a new Compliance and Payments Task Force dives into how it will address emerging issues of counterterrorism financing in the digital age. ... Read full article

The three federal bank regulators usually try to issue rules jointly, but Comptroller of the Currency Joseph Otting on Tuesday pointed to areas where the agencies may move on separate paths. ... Read full article

Caitlin Long, member of the Wyoming Blockchain Task Force, explains why the state has enacted 13 blockchain laws and what they mean for fintechs and banks. ... Read full article

Regulators globally are using "tech sprints" to test new anti-money-laundering solutions. More can be done, but it's a good start. ... Read full article

Ravi Menon says that Facebook's bid to create its own digital currency has laid bare shortcomings in cross-border payments and financial inclusion that banks and regulators must address. ... Read full article

At TCF National Bank in Detroit and First National Bank of Omaha, early results from artificial intelligence pilot programs are strong. ... Read full article

New tech can help banks with less cumbersome systems track suspicious activity more effectively. ... Read full article