PYMNTS

DECEMBER 10, 2019

India has proposed new rules regarding how technology companies use data, and the proposal is similar to Europe’s GDPR regulation, according to a report by TechCrunch. The new regulation would also let New Delhi have the ability to ask any “data fiduciary or data processor” to provide “anonymized non-personal data” to help the government.

Regulation 130

Regulation Data Google Company 130

PYMNTS

SEPTEMBER 24, 2020

One 2019 report noted that there were 220 updates to such requirements worldwide each day, equating to roughly 80,000 in one year. Companies are reexamining how they can use cloud technologies to comply with changing security standards as digital banking volumes expand. EU and U.K.

Compliance 151

Compliance Fraud Regulation Security 151

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. A 2019 study underscored this point, discovering that even though the AML software market is slated to grow 15.25 The drivers of AML initiatives in the U.S.

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

PYMNTS

OCTOBER 22, 2020

In today’s top payments news around the world, Swedish peer-to-peer (P2P) lending upstart Lendify has reportedly secured $115 million of funding, while international trade platform Contour has teamed with information technology (IT) solutions firm Mphasis. billion kronor (approximately $171 million) infusion in 2019.

Security 134

Security Groups Payments Regulation 134

Abrigo

JANUARY 3, 2024

While many think of trade, commerce, and cultural exchange when considering this region, ignoring the undertow of illicit activities is impossible—the border remains a hotspot for drug trafficking, illegal arms trade, human trafficking, and smuggling operations, necessitating vigilant scrutiny and transaction monitoring within the U.S.

United States 221

United States San Antonio Training Fraud 221

PYMNTS

DECEMBER 2, 2019

Looking back at 2019, and at cryptocurrencies, we may well make the declaration that fraudsters got a lot more brazen … which may mean 2020 is the year lawmakers and regulators clamp down through a global, concerted effort to root out financial crime. million, was the lowest tally seen in years. A Grander Stage.

Fraud 130

Fraud Report cryptocurrency National 130

PYMNTS

OCTOBER 30, 2020

Compliance with oversight laws, especially those involving anti-money laundering (AML) or know-your-customer (KYC) regulations, is a perennial struggle for FIs of all sizes.

Operations 228

Operations Payments Compliance System 228

PYMNTS

NOVEMBER 4, 2020

The seizure stemmed from a cryptocurrency fraud scheme being investigated by Brazilian federal police called Operation Egypto. They reportedly held the funds in a way that would've mandated regulation under Brazilian law, with which Fagundes and the others allegedly didn't comply.

Fraud 234

Fraud cryptocurrency Regulation Operations 234

PYMNTS

AUGUST 28, 2019

It’s hardly news that consumers (along with regulators and politicians) are becoming increasingly focused on privacy and online security. According to one estimate, “about 50 million internet-connected cars operate on U.S. According to the tracker, the global IoT security market is expected to increase by a 35.5

Security 119

Security System Operations Report 119

PYMNTS

JANUARY 20, 2020

Fabara officially joined Visa in September of 2019, coming from Amex, where he was president of its global services group. Now four months in, he told Webster that the idea of a secure and trusted payments ecosystem is part of Visa’s “corporate DNA.” Going on the Offense. More and more, we are going after bad actors with a vengeance.

Security 168

Security Fraud Risk Management Payments 168

PYMNTS

FEBRUARY 23, 2020

The banking firm has been talking with London regulators about the idea, according to The Financial Times on Saturday (Feb. The operation will likely include savings and lending products, and it comes just two years after U.S. JPMorgan Chase tapped an ex-regulator , Clive Adamson, to head up the efforts to launch the digital bank.

Digital Banking 255

Digital Banking Lending Regulation Operations 255

Insights on Business

JULY 17, 2019

It’s gratifying to see IBM once again positioned in the Leaders Quadrant of the 2019 Gartner Magic Quadrant for IT Risk Management, released on July 3 rd for its OpenPages with Watson solution.* Digitalization brings along risks like IT security, Cybersecurity, etc. Learn more at ibm.com/RegTech.

Risk Management 110

Risk Management Management Report Compliance 110

PYMNTS

JANUARY 7, 2019

Welcome to the first Monday of 2019. According to the Chinese calendar, 2019 is the “Year of the Pig” – which may not, at first blush, inspire much excitement for the 358 days ahead of us. In fact, it occupies many 2019 predictions lists. In the payments and commerce world, that’s not much time at all.

Mobile 205

Mobile Innovation Apple Study 205

PYMNTS

DECEMBER 7, 2018

Not to ruin your holiday spirit, but let’s start this story with the cold and brutal truth: One of the largest risks that payments and commerce operators face in 2019 is being called to account by government officials, regulators or media about a failure to secure their organizations from cyberattacks. and other places.

Payments 240

Payments Tools Security Regulation 240

PYMNTS

DECEMBER 28, 2020

Anthony Tan , Grab co-founder and chief executive officer, is looking to secure his title for life as the Singapore delivery and rideshare platform continues to move forward in its merger with rival Gojek , based in Indonesia. 28), citing sources. It is believed that supervoting shares also would be extended to Gojek co-CEO Andre Soelistyo.

Security 249

Security Regulation Report Company 249

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

PYMNTS

OCTOBER 22, 2020

Ant Group has won the nod from China's top security regulators for its Shanghai offering, the last hurdle to clear for the $35 billion dual listing, Reuters reports. In September , Shanghai regulators approved the listing. percent jump from 2019, Reuters reports. The previous record for the largest IPO was $29.4

Groups 175

Groups Capital Regulation Fintech 175

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions.

Regulation 122

Regulation United States Community Bank National 122

PYMNTS

MAY 8, 2020

Consumers sitting down to bet through their computers or phones likely do not want to receive winnings via checks and expect effortless digital payments — even with online gambling platforms’ security measures ensuring winners are properly verified. million in March 2019. million from online gaming since the summer of 2019.

Online 176

Online Industry New Jersey Pennsylvania 176

Perficient

APRIL 14, 2022

With the rise in vaccination rates and a hopeful return to a “new normal,” it won’t be possible to put the genie back in the bottle and return to legacy operations. population is considered millennial or younger as of July 2019), the demand for personalization in the commerce experience grows. Leveraging Data Responsibly .

Strategy 332

Strategy Tools Industry Customer Experience 332

PYMNTS

JANUARY 22, 2019

Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google , which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising.

Payments 195

Payments Regulation Security Data 195

PYMNTS

SEPTEMBER 28, 2020

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. Regulators in countries like Egypt have only recently rolled out their data protection rules.

Online 151

Online Report Payments Regulation 151

PYMNTS

DECEMBER 20, 2020

21) will file documents with securities regulators to allow a special purpose acquisition company (SPAC) it created previously to raise as much as $600 million through an initial public offering (IPO), Axios reported. SPACs themselves have no business operations. Softbank on Monday (Dec.

Report 217

Report Groups Strategy Regulation 217

Insights on Business

JANUARY 28, 2019

Working with IBM, the bank was able to enable a fully transparent extension of their VMware infrastructure with elastic capabilities while keeping the same operational procedures in a transparent extension of their operations and compute infrastructure over VMware. The breadth of security exposures and risks is constantly expanding.

San Francisco 87

San Francisco Analytics Albuquerque Security 87

PYMNTS

APRIL 14, 2020

The Financial Stability Board (FSB) – the regulatory watchdog of the Group of 20 (G-20) – warned global regulators that possible stablecoin disruptions should be addressed before Facebook’s Libra is released, according to a consultation report released on Tuesday (April 14).

Meeting 181

Meeting Washington Regulation Groups 181

PYMNTS

JULY 16, 2019

Banks and merchants are racing to meet the Strong Customer Authentication (SCA) deadline as September 2019 approaches. Additionally, other companies are still working to change their platforms to comply with General Data Protection Regulation (GDPR) as that regulation continues to sweep across Europe. About the Tracker.

Strategy 188

Strategy social media Regulation Retail 188

PYMNTS

JANUARY 5, 2020

Meenavalli , CEO of the cryptocurrency firm Longfin, has agreed to settle with the Securities and Exchange Commission (SEC) and pay $400,000 in disgorgement and penalties, the SEC announced on Friday (Jan. Regulators are moving forward with a criminal case against Meenavalii. . investors in the future,” said Anita B.

blockchain 132

blockchain Bitcoin cryptocurrency Operations 132

PYMNTS

FEBRUARY 24, 2020

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. The country’s government and regulators are keeping pace with those in the European Union and the U.S.

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

JULY 23, 2020

Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. Brazilian lawmakers have been developing open banking plans since 2019, for example, outlining rough guidelines to be enacted late this year.

America 165

America Regulation Regional Tools 165

PYMNTS

SEPTEMBER 9, 2019

Each country has its own rules and regulations dictating how businesses can make and receive payments, as well as its own, unique financial infrastructure. How can international businesses streamline their cross-border operation systems to overcome these frictions?

Payments 174

Payments Compliance Meeting System 174

PYMNTS

JULY 26, 2020

Avanti Financial Group said in a press release that it has received permission from the Wyoming Division of Banking to begin operating in the state as a bank as early as October and plans to offer a real-time settlement solution for corporate treasurers. SPDIs may focus on traditional assets as well.”

Wyoming 153

Wyoming cryptocurrency Regulation blockchain 153

PYMNTS

JUNE 18, 2020

The London-based trade group for Europe’s ePayments community is waiting for the European Banking Authority , the European Union (EU) banking regulator, to provide the 27-nation bloc with an update on Strong Customer Authentication (SCA). The implementation delay gives regulators an opportunity to get it right, Rodgers said.

Groups 131

Groups Regulation Fraud Security 131

PYMNTS

FEBRUARY 5, 2020

That’s a bad moon rising for some Big Data operators. The Merchants’ Guide to Navigating Global Payments Regulations , powered by Ekata, dives deep into this complex and unsettled topic, from possible abrupt retail impacts to long-term open banking repercussions. With regulators showing their fangs in dozens of countries, U.S.

Google 288

Google Data Regulation social media 288

CFPB Monitor

JULY 20, 2022

In 2017, the United Kingdom’s Financial Conduct Authority (FCA), the regulator that oversees the panel of banks on whose submissions LIBOR is based, announced plans to discontinue LIBOR after 2021. The FCA subsequently announced that no LIBOR indices will be available after June 30, 2023.

New York 78

New York Security Operations Regulation 78

FICO

APRIL 28, 2020

The winners of the 2019 FICO® Decisions Awards can now be formally announced. The 2019 FICO Decisions Award winners have demonstrated what is possible with a clear business objective, innovative use of technology and a great partnership. Fraud & Security. AI, Machine Learning and Optimization.

Analytics 52

Analytics Fraud Management Innovation 52

PYMNTS

SEPTEMBER 1, 2020

China has thrown a curve ball into the mix by threatening to impose new restrictions on the export of artificial intelligence (AI) technologies, which would potentially require approval of a sale by regulators in that country. headquarters in Culver City, California, and the company’s operations in Canada, Australia and New Zealand.

National 141

National California Operations Security 141

PYMNTS

JANUARY 28, 2020

10, with new regulations for cryptocurrencies, wallets and exchanges. Some operators said no way, moving to countries with more relaxed rules, or simply shuttering. In the latest PYMNTS AML/KYC Tracker®, we learn that crypto is increasingly being defined as a security, not a currency – but either way, it’s getting a lot more scrutiny.

Compliance 151

Compliance cryptocurrency Fraud Regulation 151