PYMNTS

DECEMBER 30, 2020

Many enjoyed huge first-day price pops, heating up the IPO market even more — and 2021 seems poised to only continue the fireworks. Reuters quoted unnamed sources as saying the offering would occur in early 2021, valuing the company at about $30 billion. Connected-economy companies led 2020’s surprisingly successful roster of U.S.

Marketing 198

Marketing Company Online Management 198

Cisco

MARCH 24, 2021

Throughout 2021, Cisco Financial Services will continue to examine how ‘Connect, Secure, and Automate’ – our strategy for helping customers accelerate their digital agility – enables financial institutions to deliver digital-first customer engagements that capitalize on a hybrid work operating model.

Compliance 133

Compliance Security Video Meeting 133

Cisco

JULY 12, 2022

Regulatory requirements are a key operational concern that we hear about from our financial customers. This leads to many generations of installed technology sets with diverse hardware and software systems, all that need to be tracked and managed, secured, and audited. Operations and Operational Processes. In the U.S.

Regulation 71

Regulation FDIC System Software 71

Perficient

SEPTEMBER 16, 2022

Legal status – There is some question regarding the legal status of many crypto-assets – is it a security, is it fungible, is it a derivative – as well as the very limited legal precedent regarding how crypto-assets would be treated in varying contexts, including, for example, in bankruptcy court. The Home Owners’ Loan Act.

Compliance 275

Compliance Risk Management System Regulation 275

CFPB Monitor

JUNE 14, 2021

In March 2021, Illinois Governor Pritzker signed into law SB 1792 , which contains the Predatory Loan Prevention Act (the “Act”). The new law became effective immediately upon signing notwithstanding the authority it gives the Illinois Department of Financial and Professional Regulation (“IDFPR”) to adopt rules “consistent with [the] Act.”.

Illinois 78

Illinois Regulation Report Lending 78

PYMNTS

DECEMBER 23, 2020

The road to mainstream acceptance of cryptocurrencies will still have its bumps, its potential roadblocks set in place from regulators. At the heart of it all might lie a jousting existential in nature — namely, between the companies that create and issue cryptos and the agencies that regulate them.

cryptocurrency 234

cryptocurrency Security Bitcoin Regulation 234

South State Correspondent

APRIL 23, 2023

Analysts, regulators, legislators, and bankers have been attributing the root cause of SVB’s failure in the past month. Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run.

Management 195

Management Security Risk Management social media 195

CFPB Monitor

APRIL 6, 2021

The Illinois Department of Financial and Professional Regulation (DFPR) has issued Predatory Loan Prevention Act Frequently Asked Questions (PLPA). The PLPA became effective on March 23, 2021 , the day it was signed into law by Governor Pritzker. Payday and title-secured loans after the PLPA. State database reporting.

Illinois 78

Illinois Regulation Report Lending 78

PYMNTS

OCTOBER 21, 2016

billion by 2021 at a CAGR of 23.9 According to MarketsandMarkets, the increasing need for operational efficiency is expected to be the primary driver for the fleet management market during the forecast period. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021. billion in 2016 to $27.9

Management 100

Management Marketing Regional System 100

Abrigo

JULY 13, 2023

Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. billion in 2021. Massive financial losses can destabilize their operations, impact profitability, and harm their reputation. billion loss in 2022.

Fraud 195

Fraud cryptocurrency Training social media 195

Cisco

JUNE 7, 2022

The past 20 years have visibly demonstrated the impact large scale events have on market, credit, and operational risks in financial services. The subsequent regulatory activity in response to these events focused on operational risks. Cyber risk is the largest and fastest growing operational risk within financial services.

Risk Management 118

Risk Management Management Cyber Security Handbook 118

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. New skill sets are required to operate in a digital environment. Consumers and distribution partners alike have experienced the impact digital interactions bring.

Strategy 332

Strategy Tools Industry Customer Experience 332

Perficient

FEBRUARY 10, 2021

While the healthcare industry has long embraced technology, the demand to innovate and adapt quickly has grown exponentially in 2020 and into 2021. Agile has been a part of the Perficient Latin America operational DNA from the beginning. Security, Data Privacy, and Intellectual Property Protection.

Software 294

Software Innovation Company America 294

CFPB Monitor

JANUARY 9, 2020

The New York Department of Financial Services has sent a letter to the institutions that it regulates requiring each such institution, by February 7, 2020, to provide to DFS a description of its “plan to address its LIBOR cessation and transition risk.” (LIBOR is the acronym for the London Inter-Bank Offered Rate.).

Regulation 78

Regulation New York Management Taxes 78

FICO

DECEMBER 23, 2020

It has also opened new doors for criminals, who have rushed to exploit the uncertainty in a pandemic world and devised new money laundering and terrorist financing schemes by taking advantage of loopholes in the regulations, new ways of working aided by advances in technology, and electronic payment innovations.

Compliance 52

Compliance Regulation Data Risk Management 52

Independent Banker

NOVEMBER 30, 2021

State Bank of Texas, led by president Sushil Patel (center), has a niche working with hospitality customers like Reena and Arun Patel, who own and operate a La Quinta hotel in Dallas. Between the [Trump] administration and Congress and the regulators, they did a terrific job of allowing banks to work with their borrowers,” says Jeff W.

Community Bank 209

Community Bank Community Texas Dallas 209

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

NOVEMBER 11, 2020

FICO has announced its panel of independent judges for the 2021 FICO® Decisions Awards which honor clients achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. Ignazio Provinzano, Head of Risk Operations at Swisscard (previous winner). by Nikhil Behl.

Meeting 52

Meeting Analytics Big Data Management 52

Perficient

MAY 17, 2022

It seems like everyone in 2021 took out a loan on a new car, even though we all knew supplies were low and demand was high. hit a record $734bn in 2021, according to data from the Federal Reserve Bank of New York. 2021 was a mix of constrained inventory and pent-up demand. It really is a mixed up, muddled up, shook up world.

Strategy 294

Strategy Customer Experience Study Technology 294

CFPB Monitor

NOVEMBER 10, 2020

LIBOR, which many creditors currently use as the index for calculating the interest rate on credit cards and other variable-rate consumer credit products, is expected to be discontinued sometime after 2021. In June 2020, the CFPB proposed amendments to Regulation Z to address the discontinuation of LIBOR.

Regulation 78

Regulation FDIC New York Lending 78

Perficient

FEBRUARY 1, 2021

As of January 1 st , 2021, Medicare Advantage, Medicaid, CHIP, and plans on the federal Exchange beginning in 2012 are required to support a standardized FHIR API. With regulations such as the CMS Final Rule , patient data such as the below needs to be available and shareable: Patient Record API. Provider Directory API.

Data 271

Data Resources System Management 271

PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems.

Mobile 229

Mobile Report America Regulation 229

PYMNTS

JUNE 8, 2020

The pandemic has thrown daily operations for merchants in the EU and the U.K. The shifts to SCA payment limits as well as its deadline are showing regulators how the rule is currently working for merchants and consumers and suggesting how it could indicate broader, more complex upgrades to open banking in the future.

Payments 150

Payments Regulation Retail Online 150

PYMNTS

DECEMBER 5, 2019

The Department of Homeland Security (DHS) has reversed its plans for mandatory facial recognition scans of Americans arriving and departing the country, TechCrunch reported on Thursday (Dec. The department has a deadline of 2021 to provide the 20 largest airports in the U.S.

US 130

US Policies Comparison Security 130

CFPB Monitor

APRIL 15, 2021

And this fact is creating legal and operational challenges for the banking industry. Unlike the federal stimulus payments provided to individuals and families pursuant to the Coronavirus Aid, Relief and Economic Security Act of 2020 (“CARES Act,” Pub. 281) and the Consolidated Appropriations Act of 2021 (Pub.

New Jersey 148

New Jersey Payments New York Massachusetts 148

PYMNTS

DECEMBER 16, 2020

The industry as a whole lost $165 billion in revenue between March and July, and it is on track to lose $240 billion by 2021 — with the decline expected to continue until the pandemic abates. Mobile ordering apps are largely responsible for keeping the industry above water, but fraud still plagues the sector.

Fraud 310

Fraud social media Mobile Trends 310

Abrigo

MAY 24, 2023

Bipartisan support The SAFE Banking Act's long road to the Senate Many in the AML/CFT community have been watching the unfolding of the Secure and Fair Enforcement (SAFE) Banking Act for some time now with no significant progress. Sherrod Brown, D-Ohio, in the same hearing.

Lending 195

Lending Fraud Operations Ohio 195

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. Location: Fort Lauderdale, Fla. That’s no small feat for any de novo, especially during a pandemic.

Florida 91

Florida Community Bank Community FDIC 91

PYMNTS

MARCH 6, 2020

Real-time payments are imperative for running successful operations in today’s global ecosystem. Digital payments sent internationally are expected to move past $1 trillion in 2025, but getting to that point will require support from payment providers, regulators and other such firms still building out the necessary infrastructure.

Payments 304

Payments New York Metro New York City 304

Bobsguide

OCTOBER 1, 2022

Prometeia and SIX have entered into a long-term collaboration that involves Prometeia providing SIX the calculation capabilities for a product risk indicator (PRI) for securities that do not fall into the scope of PRIIPs (Packaged Retail and Insurance-based Investment Products) regulation. million in 2021. www.six-group.com.

Analytics 97

Analytics Risk Management Management Regulation 97

PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Reuters quoted central bank Vice Gov. Any FinTech disruptor, when it becomes so big, represents systemic risk,” he told Webster.

US 168

US Regulation Groups System 168

PYMNTS

MAY 15, 2019

million users by 2021, with at least $335 billion being transacted via those products, services and online platforms, according to Jumio. That doesn’t mean operators of sharing economy platforms can just take growth for granted. Regulation Factor. In a way, that serves to impose a sense of trust onto those platforms.

Regulation 164

Regulation Online Security Operations 164

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. This steady march toward online banking tools has played a key role in how Brazil’s regulators are structuring its open banking rules.

America 165

America Regulation Regional Tools 165

Cisco

AUGUST 9, 2022

As these have attacks have evolved, regulatory bodies have updated their regulations to account for the increasing threat of cyber risk. This framework is especially relevant given the recent FFIEC Architecture and Operations update and the Executive Order on Cybersecurity from 2021. Delivery Channels.

Tools 114

Tools Leadership Handbook Security 114

PYMNTS

DECEMBER 8, 2017

New research suggests the upcoming General Data Protection Regulation (GDPR) could threaten small businesses in the U.K. In a survey of more than 1,000 small businesses, Zurich found that 85 percent of them will be impacted in some way by GDPR, yet 44 percent said they were not aware they would be required to hire a DPO under the regulation.

Compliance 101

Compliance Training Survey Data 101

PYMNTS

AUGUST 22, 2019

Also, the risk of introducing unnecessary friction into such transactions increases whenever new regulations are involved — rules that promise to bring significant changes to global payments in general. That includes the European Union’s revised Payments Service Directive (PSD2) and its strong customer authentication (SCA) rules. a password).

Regulation 116

Regulation United States Payments Cards 116

Independent Banker

SEPTEMBER 30, 2021

Building trust in your institution has a lot to do with technology, from implementing strong data security practices to humanizing your online customer interactions. In early 2021, a customer approached a teller at Kennebec Savings Bank in Augusta, Maine, and asked to withdraw $20,000. Illustration by Ahoy There. It’s in their DNA.

Community 139

Community Community Bank social media Security 139