PYMNTS

DECEMBER 26, 2018

Akli Adjaoute, CEO of Brighterion , wrote this AI-focused piece as part of our 2018 year-end eBook. . 3, 2018, the U.S. Regulators admit that legacy AML solutions failed and they are encouraging banks to implement newer, more innovative approaches in this area. “As Unsupervised Learning.

Compliance 191

Compliance System eBook Examples 191

PYMNTS

DECEMBER 26, 2018

Daniel Houseman, partner at KPMG, contributed the following piece as part of the PYMNTS 2018 year-end eBook. . Payments innovation in 2018 has leveled the playing field, with new entrants, the rise of the customer and cross-border connectivity all enabling real-time payments almost anywhere and at virtually any time. New Entrants.

Innovation 128

Innovation eBook Regulation Fintech 128

PYMNTS

FEBRUARY 18, 2019

Facebook , which has been under fire for months over data scandals, expressed openness to new regulation. According to a report in Reuters citing Facebook’s public policy manager Karim Palant, the executive said the social media giant is “open to meaningful regulation.” His comments came following calls by lawmakers in the U.K.

Regulation 134

Regulation social media Company Google 134

PYMNTS

DECEMBER 12, 2019

The China Securities Regulatory Commission , China’s security watchdog, is setting up a technology regulation bureau and will announce Yao Qian as its new department chief, the Chinese business publication Caijing said on Wednesday (Dec. 11), as reported by Coindesk.

Bitcoin 131

Bitcoin Fraud Regulation social media 131

PYMNTS

DECEMBER 26, 2018

The following piece was written by Rob Eleveld, CEO of Whitepages Pro , as a contribution to our 2018 year-end eBook. . Payments 2018 was a year of accelerated disruption. The solution to this complexity is cutting-edge technology that can keep pace with modern transformation: machine learning.

eBook 149

eBook Fraud Data Payments 149

PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. Between 2008 and 2018, approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance. The Cost of Compliance. imposed a full $23.52

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

PYMNTS

SEPTEMBER 17, 2020

The site reported that 1,932 BTMs were in the world in December 2017, while there were 4,009 by the close of 2018. There, people need to change a nation's money for cryptocurrency that isn’t regulated by a government or connected with it. On another note, the Science and Technology Directorate ( S&T ) arm of the U.S.

Bitcoin 178

Bitcoin ATM Security cryptocurrency 178

PYMNTS

JANUARY 4, 2019

Indian tech startups had a huge year in 2018, but the way the money is being distributed has some experts concerned about the future of the country’s financial ecosystem, according to reports. Early startups were a part of 304 deals in 2018 and raised $916 million. billion in funding – the most ever. In 2017, Indian startups got $10.4

Company 162

Company Taxes Innovation Capital 162

PYMNTS

JULY 2, 2018

Despite a regulation crackdown and other issues, investors have continued to fund cryptocurrency startups in 2018, with ICOs raising $11.8 This year’s surge comes as ICOs have faced stricter scrutiny from regulators like the U.S. This year’s surge comes as ICOs have faced stricter scrutiny from regulators like the U.S.

Regulation 101

Regulation cryptocurrency Fraud Analysis 101

PYMNTS

SEPTEMBER 23, 2020

Banks in the EU have been racing to comply with the General Data Protection Regulation ( GDPR ) and the revised Payment Services Directive ( PSD2 ) since both measures were enacted in 2018. He explained that the cloud can help FIs swiftly respond to compliance and security challenges during the pandemic.

Compliance 225

Compliance Regulation Guidelines Security 225

PYMNTS

APRIL 8, 2019

Australian financial regulators are feeling pressure to ensure financial institutions treat customers properly and have turned to artificial intelligence (AI) in an attempt to improve compliance, according to a report by the Financial Times. They also lied to regulators and adversely cost customers millions by giving bad advice.

Compliance 108

Compliance Regulation Industry National 108

Abrigo

APRIL 18, 2022

Takeaway 3 As global interest in digital assets continues to rise, expect to see more regulation and even centralization of digital currency. The industry's most significant market increase was between 2016 and 2018. It experienced a downward correction from 2018 to 2019, sometimes referred to as the "crypto winter."

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

PYMNTS

SEPTEMBER 11, 2019

Fraudsters have been increasingly focused on mobile services, with one-third of all fraud attacks worldwide reportedly targeting mobile during the first half of 2018 — a 24 percent year-over-year increase. Financial services providers must run tight ships when offering mobile services, and various techniques can help keep them secure.

Security 113

Security Fraud Mobile Cards 113

PYMNTS

APRIL 1, 2020

“This legislation represents a significant breakthrough – the first time a state or nation has passed a new law devoted exclusively to putting guardrails in place for the use of facial recognition technology,” Smith said in the post. The bill also establishes a task force to scrutinize how, when and why the technology is used.

Washington 304

Washington Policies San Francisco Oakland 304

PYMNTS

JUNE 24, 2020

Launched in 2005, Zopa is considered one of the world’s first P2P lenders — and in late 2018, it became the first P2P lender to be granted a conditional banking license by the Financial Conduct Authority (FCA), with plans for its digital bank offering to include a fixed-term savings product, a credit card and a money management app, the report said.

Security 215

Security Capital Cards Report 215

PYMNTS

JULY 25, 2017

Protecting digital identities is all about keeping up — keeping up with new technology, new regulations and, of course, bad actors. . In fact, according to one recent study, 60 percent of transactions conducted by the start of the next decade will be authenticated and completed using biometric technology.

Security 101

Security Report Regulation Course 101

PYMNTS

SEPTEMBER 17, 2020

Securities and Exchange Commission ( SEC ) filed an “emergency action” against former NS8 Inc. which is based in Nevada, purportedly provides online retailers with fraud detection and prevention technology, according to the statement. Its complaint charges Rogas with going against the anti-fraud parts of federal securities regulations.

Nevada 253

Nevada Denver Fraud Security 253

PYMNTS

JANUARY 30, 2018

No one truly knows exactly where and how blockchain technology will make the greatest impact. Regardless of where blockchain makes its mark, what is certain is that corporates have to trust that a largely unfamiliar innovation will work the way it should; that means securely, efficiently and easily.

blockchain 144

blockchain Security Software Tools 144

PYMNTS

DECEMBER 27, 2018

However, an awful lot is in fact different at the dusk of 2018 than it was at the dawn. The year 2018 saw massive changes in where consumers shop, how they pay, and what goods and services they want in their carts. Yet, as 2018 was coming to a close, Facebook was hit with just a bit more bad news. The Facebook Follies.

Retail 123

Retail Online Cards United States 123

Abrigo

MARCH 11, 2022

Expert insights on 10 regulatory topics that NBFIs should consider this year Review this list of what regulators are looking for in 2022 to help your NBFI pass exams with flying colors. Takeaway 3 NBFIs should review common deficiencies in AML programs that regulators are citing and fix issues before their next audit or exam.

Regulation 195

Regulation cryptocurrency Policies Management 195

FICO

JANUARY 7, 2019

The tremendous interest in AI and machine learning drove the readership on the Fraud & Security blog in 2018. Adaptive analytics technologies automatically adapt to recent confirmed case disposition, resulting in a more precise separation between frauds and non-frauds. Here are the five posts with the most views.

Fraud 74

Fraud Security Analytics Training 74

PYMNTS

NOVEMBER 7, 2019

Hong Kong’s chief securities regulator is calling on the world regulators to get on the same page when it comes to Facebook’s Libra to avoid the “real risk of regulatory arbitrage.”. “If In 2018, the crypto world was seen to be of marginal importance to the global financial system. “But

blockchain 102

blockchain Bitcoin Regulation New York 102

PYMNTS

OCTOBER 8, 2018

He said that multiple public services such as elections and labor welfare will use the blockchain technology. The initiative, which is known as the Blockchain Urban Plan for 2018–2022, was announced in a Zurich visit. telecom regulator Ofcom notched $915,000 in funding for a blockchain project, Coindesk reported.

blockchain 176

blockchain Bitcoin Regulation Security 176

PYMNTS

MAY 1, 2020

Financial institutions (FIs) and regulators in Singapore, the E.U. have passed laws or implemented programs over the past two years to put more focus on digital banking and data security, fundamentally changing how online transactions work. with ease, control and security.”. and the U.S. Similar to the U.K.

Innovation 245

Innovation Regulation Digital Banking Security 245

Abrigo

MARCH 7, 2022

Experts weigh in on regulatory hot topics for 2022 Review these 10 insights into what regulators are looking for in 2022 to help your financial institution pass exams with flying colors. Takeaway 1 Regulators have increased their focus on BSA in the first quarter of 2022, and the crisis in Ukraine will put OFAC in the spotlight.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

PYMNTS

MARCH 28, 2018

With concerns that technology companies can face more regulation, tech stocks were declining all over the globe — with the tech-heavy Nasdaq falling 2.9 That has led to concerns that more regulation of the entire tech sector is coming. That has spurred investigations into the matter by regulators and lawmakers in the U.S.

Regulation 108

Regulation Google Regional Marketing 108

FICO

DECEMBER 11, 2017

In 2018, development and use of these technologies will continue to expand and flourish—in so many ways it’s hard to quantify. But just as Here Come Da Fudge and Bubblegum were my childhood favorites at Baskin Robbins (famed for its 31 flavors), here are some of the top things I think we'll see among the 31+ flavors of AI in 2018.

Analytics 100

Analytics blockchain Data US 100

PYMNTS

SEPTEMBER 5, 2018

The move comes amid increasing global focus on matters related to online privacy and data security — and as the idea of regulating social media is gaining currency. The two executives told lawmakers that “they had made great strides cleaning up their sites and services ahead of the 2018 midterms,” according to The Washington Post.

social media 102

social media Security Regulation California 102

PYMNTS

AUGUST 14, 2020

Ahead of an intended initial public offering (IPO), Alibaba Group Holding’s Ant Group has conducted a preliminary filing with the securities watchdog of China, Reuters reported. In a 2018 fundraising round, the firm was valued at $150 billion. Ant started talks with banks to bring back plans for an IPO in January.

Groups 262

Groups Security Report Regulation 262

PYMNTS

NOVEMBER 16, 2020

FinTech with a focus on small businesses secures a restricted banking license. And, “For many small businesses, access to technological knowledge and resources has been a major obstacle to adapt to the digital-first economy,” he said, according to the release. Mastercard Adds A2A Capability For Track Business Payment Service.

Security 141

Security Samsung Resources Management 141

PYMNTS

NOVEMBER 25, 2019

To that end, OneSpan said earlier in the month that Poland’s Bank Millennium has deployed OneSpan’s Cronto technology to secure transactions and enhance the corporate banking experience, tied in part to encryption. At the same time, fraud remains a pressing and persistent problem.

How To 141

How To Fraud Security Regulation 141

PYMNTS

MARCH 29, 2019

Powered by blockchain-enabled solution, the Ripple platform ensures cross-border transactions much safer and secured. ”. The division aims to bring the bank up to speed on emerging technologies and potentially draft regulations in the future. “As A central bank has to be on top to create regulations.

blockchain 241

blockchain Payments cryptocurrency Regulation 241

Insights on Business

MAY 25, 2018

Core to the discussion was how we build platforms: how we make fundamental shifts in our technology, processes, people and ultimately our markets to deliver better customer experiences, build skilled workforces, and solve industry-wide challenges. — IBM FinTech (@IBMFinTech) May 22, 2018. . You wouldn’t even consider paperwork.

Technology 93

Technology Training Customer Experience blockchain 93

PYMNTS

SEPTEMBER 12, 2019

Compliance failures are prevalent worldwide: Approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance between 2008 and 2018. billion — 91 percent — of those penalties, while European regulators demanded $1.7 Financial Companies’ Security And Regulatory Obligations .

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

NOVEMBER 30, 2020

In today’s top payments news around the world, United Kingdom-based food delivery platform HungryPanda has landed $70 million in funding, while Sweden-based Klarna is launching the live fashion show “Lifestyle” with the help of technology from Bambuser. Growing HungryPanda Notches $70 Million In Funding. and the U.K.

Payments 139

Payments Regulation Video Cards 139

PYMNTS

DECEMBER 10, 2020

in 2018 before sharply decreasing to $3,869.47 Thousands of other cryptocurrencies began circulating on crypto exchanges in recent years, such as Ethereum, Monero and Ripple, many of which leverage blockchain technology to serve as a transaction database. billion in 2019, a larger sum than in 2017 and 2018 combined. or the U.S.,

cryptocurrency 222

cryptocurrency Compliance Bitcoin Regulation 222

PYMNTS

MARCH 7, 2019

Merchants and customers are now transacting under PSD2 and GDPR in the European Union (EU) — regulations that allow a greater window into how customer data is being used. While these regulations are aimed at increasing consumer trust by allowing them more transparency, many consumers in the region are still adjusting.

Lending 198

Lending Regulation Regional Data 198