PYMNTS

AUGUST 18, 2016

The financial messaging service known as SWIFT — which operates as a bank-owned consortium and helps payments in the billions of dollars move globally — has been beset by security flaws, has known about those flaws and has done little to address those flaws. So reported Reuters on Wednesday (Aug. So reported Reuters on Wednesday (Aug.

Security 100

Security Software New York System 100

Abrigo

JUNE 15, 2023

has lagged in passing laws and regulations preventing criminal proceeds from flowing into real estate. Since 2016, the Financial Crimes Enforcement Network (FinCEN), as authorized under the Bank Secrecy Act (BSA), has issued Geographic Targeting Orders (GTOs) to detect money laundering and other illicit activity through real estate purchases.

Training 195

Training Regulation Compliance System 195

PYMNTS

JANUARY 13, 2017

But thanks to faster cross-border payments solutions, the distance between nations across the world is shrinking considerably. was valued over $100 billion in 2016. But with so many unknown questions about how the technology functions, greater regulation may be required to help governments and the public trust and accept it.

Regulation 100

Regulation blockchain Payments Technology 100

PYMNTS

MARCH 12, 2019

The Australian Securities and Investments Commission (ASIC) is criticizing top Australian banks for what the regulator said is an inefficient process of reviewing internal systems that allowed the banks to charge excess fees to customers. Reports said analysts believe most of those cases relate to those advisory fees.

Regulation 108

Regulation National Resources Security 108

PYMNTS

APRIL 1, 2020

Securities and Exchange Commission (SEC) has reportedly been ongoing for half a year. Blockstale CEO Daniel Adekunle said, per the outlet, “Blockstale BTM was developed specially to facilitate adoption, transparency and security in Nigeria.” Fourteen bitcoin ATMs were in seven different nations prior to the bitcoin ATM in Lagos.

Bitcoin 124

Bitcoin ATM New York cryptocurrency 124

PYMNTS

JULY 22, 2016

It’s even more surprising given that 2016 could be the year that regulation begins to really kick in for these lenders — in the U.S., with the latest figures stating that the industry has lent $943 million in the nation to SMEs in just the first quarter of this year. Alternative Lending. MarketInvoice. ezyCollect.

Lending 100

Lending Regulation Big Data Risk Management 100

PYMNTS

MARCH 18, 2019

As such, the regulators and FIs seeking to crack down on these activities have their work cut out for them. . Approximately 2 percent to 5 percent of the world’s gross domestic product (GDP) – $800 billion to $2 trillion – is laundered each year, according to a report from the United Nations Office on Drugs and Crime (UNODC).

Compliance 181

Compliance Regulation Chicago Tools 181

Independent Banker

JULY 31, 2022

Locality Bank, a digital-first community bank serving south Florida that opened in January, is run by industry veterans with such successful track records that regulators signed off on their application for a charter in less than a year. from 2016 until its sale in 2018. Location: Fort Lauderdale, Fla. Built on a solid foundation.

Florida 91

Florida Community Bank Community FDIC 91

PYMNTS

SEPTEMBER 26, 2018

In a press release , the two AGs said the settlement also covers charges that Uber violated reasonable data security laws with its 2016 breach of driver and customer information. Uber is accused of exposing the data of 57 million users and paying hackers to hide the breach instead of reporting it to law enforcement and regulators.

San Francisco 172

San Francisco District of Columbia Data California 172

PYMNTS

MAY 6, 2016

In fact, his office announced that it has seen more than a 40 percent increase in data breach notifications involving New Yorkers alone in 2016, when compared to the same time period a year prior. 1, 2016, through May 2, 2016. I am committed to stemming the data breach tide. In 2015, the office received 809 data breach notices.

New York 100

New York Security Data National 100

PYMNTS

FEBRUARY 25, 2020

A “future bank” focused solely on providing regulated services for digital assets is preparing to start, according to Coindesk on Monday (Feb. Because trust companies can’t custody securities in the U.S., Called Avanti, the venture is put forward by Caitlin Long, a legislative champion for blockchain and a former Wall Street veteran.

NJ 130

NJ New Jersey Bitcoin blockchain 130

PYMNTS

JANUARY 10, 2019

Between 2012 and 2016, around 15 percent of the total volume of uncovered fraud was recovered, noted the report. They noted that in some instances, the OLAF found that the misused EU funds were going to national politicians, their families and/or associates.

Fraud 141

Fraud National Regulation Report 141

PYMNTS

FEBRUARY 4, 2019

A series of regulations was established to encourage a safer, more transparent financial services environment following the 2008 financial crisis. Failure to meet AML/KYC requirement challenges can be costly for FIs, too, with regulators issuing heavy fines for lax security practices or failure to devote sufficient resources to oversight.

How To 161

How To Regulation Compliance Meeting 161

PYMNTS

FEBRUARY 26, 2019

bitcoin — is just a small portion of the amount stolen by hackers in August 2016. Meanwhile, South Korean cryptocurrency exchange Coinbin has declared bankruptcy after losing millions of dollars due to “increased debt” and “government regulation.” That amount — totaling 27.7 Reports said Coinbin has suffered estimated losses of ?29.3

Bitcoin 109

Bitcoin blockchain Report cryptocurrency 109

Abrigo

JULY 7, 2022

What Will Auditors and Regulators Expect with CECL Accounting? A panel of CECL accounting experts described how auditors and regulators are viewing various aspects of implementation. . Takeaway 2 Auditors and regulators don't have preconceived expectations about how CECL reserves might change for an institution.

Regulation 195

Regulation Management Video Data 195

PYMNTS

JANUARY 3, 2017

All told, bitcoin’s value grew over 100 percent in 2016. Switzerland has become a highly bitcoin-friendly nation as of late with FINMA’s plans to clarify regulation , railway ticketing systems’ recent adoption of bitcoin ATM functionality, and Ernst & Young’s Switzerland office adding a publicly accessible bitcoin ATM.

Bitcoin 126

Bitcoin ATM cryptocurrency United States 126

PYMNTS

AUGUST 1, 2018

The report called on Congress to establish a national commission to conduct a comprehensive review of existing financial laws and regulations, and establish a pilot program to test the efficacy of coordinated bank examination teams. Suggestions included that the U.S.

Policies 100

Policies Report Regulation Maine 100

FICO

NOVEMBER 1, 2016

Look no further than the US presidential debates , where our two candidates have highlighted the need to address hackers, security breaches and even foreign nations that may be using sophisticated cyber tactics to influence the outcome of the upcoming November elections.

New York 40

New York Regulation Policies National 40

PYMNTS

AUGUST 24, 2019

As new PYMNTS research documents, over the past year, 18 Major League Baseball (MLB), National Basketball Association (NBA), National Football League (NFL) and Major League Soccer (MLS) arenas have deployed biometric solutions by CLEAR. million people in 2016 to 17.2 Attendance at NFL games declined from approximately 17.8

Payments 161

Payments social media Mobile Seattle 161

PYMNTS

MAY 12, 2019

Securities and Exchange Commission ( SEC ) has approved the creation of the Long-Term Stock Exchange ( LTSE ). Created by Silicon Valley entrepreneur Eric Ries, LTSE will be a national securities exchange using a different approach to governance and voting rights, with the goal of taking away the short-term pressures on public companies.

Company 134

Company Innovation Security Meeting 134

PYMNTS

OCTOBER 25, 2017

But, a new report by cybersecurity company Thales e-Security suggests data breaches at financial institutions (FIs) are on the rise, and that information technology (IT) professionals who work for these firms are growing increasingly concerned about the issue.

Big Data 103

Big Data Security Survey Data 103

PYMNTS

FEBRUARY 21, 2018

Ubin was first announced in 2016 with the central bank launching a partnership with blockchain company R3. Perhaps it isn’t surprising that analysts are now musing about how to avoid a repeat of the Punjab National Bank fraud scandal, and some are looking towards blockchain to do so. United States.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

OCTOBER 13, 2017

Foreign property buyers appear to have gotten that message, if research from the National Association of Realtors (NAR) is any indication. Between April 2016 and March 2017, the NAR reported that overseas buyers spent $153 billion on U.S. real estate during the NAR’s April 2016 to March 2017 report timespan. billion on U.S.

California 171

California National New Jersey Report 171

PYMNTS

DECEMBER 14, 2018

Last month, the Financial Stability Board (FSB) calculated a more than 4 percent decline in the number of these relationships between 2016 and 2017. Furthermore, businesses demand reliability and security, he said, and the assurance that services are provided by a regulated party. ”

Fintech 192

Fintech Payments Innovation Regulation 192

PYMNTS

NOVEMBER 21, 2018

She continued, “Many national payment systems are benefitting from considerable innovation and change,” adding that cross-border payments “totaled 1.8 times global GDP in 2016. Major changes are being proposed by current service providers, as well as startups that regulators need to research to better understand.”.

Payments 123

Payments Innovation National System 123

Abrigo

SEPTEMBER 22, 2021

PCD Disclosures Some disclosures are the same, but disclosures tied to PCD accounting and AFS debt securities are changing under CECL. I think it’d be wise for institutions to take that advice to heart,” said Graham Dyer, Partner in the National Professional Standards Group of Grant Thornton LLP. Learn more. Learn more. Learn more.

Security 195

Security Examples National Report 195

PYMNTS

JUNE 14, 2018

million, in 2016 alone. with more than 16,800 victims recorded in 2016. A new report from The National Cybersecurity Society (NCSS) published this week warns that business identity theft is an emerging threat for entrepreneurs and executives. But individual consumers aren’t the only victims of identity theft.

Fraud 109

Fraud Taxes Resources National 109

PYMNTS

APRIL 9, 2018

The incident, and similar breaches, reveal the limitations of cybersecurity, even as corporates worldwide continue to increase their investments in the latest-and-greatest security technologies. When it comes to data security, the potentially detrimental impact of an inadvertent insider on IT security cannot be overstated.”.

Security 123

Security Survey Data Trends 123

PYMNTS

DECEMBER 2, 2018

Higginbotham was the senior congressional affairs specialist for the DoJ from July of 2016 to 2018, noted the report. government officials to have a separate foreign national, who was residing in the U.S. Higginbotham further admitted that another purpose of the lobbying campaign was an attempt to persuade high-level U.S.

United States 128

United States Report National Regulation 128

PYMNTS

JULY 17, 2018

” Virtual cards can provide enhanced data security compared to other forms of payment like physical cards or paper checks — which can also be expensive for insurance providers. Alabama passed legislation in 2016 to address unfair fees linked to virtual card payments to health care providers.

Cards 100

Cards Georgia Alabama New York 100

Independent Banker

DECEMBER 13, 2015

New Military Lending Act regulations kick in next fall. armed forces or servicemembers on active National Guard or Reserve duty, their spouses and their card-carrying dependents. Transactions not covered by Regulation Z are excluded from coverage under the rule. 3, 2016, compliance date. By Mary Thorson Wright.

Lending 70

Lending Compliance Regulation Virginia 70

Abrigo

AUGUST 6, 2019

Blanco discussed the organization’s active approach toward addressing the top financial threats to our financial system, our national security, and our communities and families. FinCEN is committed to addressing compliance failures that put our financial system and national security at risk.

System 264

System Las Vegas San Antonio San Diego 264

PYMNTS

NOVEMBER 5, 2019

Increased technology adoption brings along additional security concerns, however. Identity companies and third-party security providers are exploring several options to keep these methods secure, but many have been met with consumer skepticism. Developments From Around The Digital ID World. Its balance rose from only $1.01

Data 101

Data Fraud Security Trends 101

ZootBlog

JUNE 8, 2016

It also prevents some loan features, such as prepayment penalties and securing a loan with a personal check or bank account access. The new MLA regulations significantly expand the applicable consumer credit products, along with several other key changes.

Lending 60

Lending Regulation Taxes Security 60

PYMNTS

APRIL 7, 2017

Reports this week said the bill, the Main Street Cybersecurity Act, is an update to the existing Cybersecurity Enhancement Act of 2014 and would seek for the National Institute of Standards and Technology to develop a set of voluntary guidelines for small businesses to mitigate and prevent cybersecurity risks.

Guidelines 128

Guidelines Maine Software National 128

CFPB Monitor

FEBRUARY 3, 2021

Initially filed in 2013 by the National Association of Mutual Insurance Companies (“NAMIC”) and the American Insurance Association (“AIA”), the plaintiffs filed an amended complaint in April 2016 in which they allege that the 2013 Rule is inconsistent with Inclusive Communities. federal district court challenging the 2013 Rule.

Massachusetts 78

Massachusetts Leadership Analysis Community 78

William Mills

SEPTEMBER 9, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. I believe SEC regulations require a company to go public if they have more than 500 shareholders. Customers want self-service capabilities but regulation and risk is top of mind that get in the way of digital interactions. Regulated Financial Institution.

social media 40

social media ATM Mobile Customer Experience 40