FICO

MARCH 7, 2023

Home Blog FICO Responsible AI: Are European Firms Ready for the Regulators? In banking and financial services within North America, our research shows that AI is an even higher priority now than 12 months ago for 52% of financial services organisations.

Regulation 52

Regulation America Compliance Fraud 52

PYMNTS

JULY 22, 2019

“If a firm needs to digitally onboard someone and verify them, we can help that company do that fairly seamlessly,” Samer Atassi, regional director, Latin America and Caribbean for Jumio, told PYMNTS in a recent conversation. Identifications aren’t standardized across Latin America, and they’re based on paper in many cases.

Innovation 161

Innovation Payments Regional America 161

PYMNTS

JUNE 14, 2017

Not only do regulations vary from jurisdiction to jurisdiction, but the consequences of non-compliance vary greatly, too. Efforts to promote fair competition and boost international trade could offer some relief eventually, especially as the nation aims to harmonize its regulations with those of the European Union.

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Compliance Marketing Taxes Groups 146

PYMNTS

DECEMBER 10, 2020

and Europe the ability to send secure funds to 12 nations in Africa for a reduced charge. PayPal’s Remittance Arm Xoom Enables Low-Fee Wallet Transfers Across Africa. Xoom, PayPal's money transfer arm, is now offering clients in the U.S., Canada, U.K. Sending money to Africa through traditional channels has always been expensive.

Payments 178

Payments Google Technology Taxes 178

PYMNTS

NOVEMBER 9, 2017

Small banks do not want to compete with the Amazons and Walmarts of the world when it comes to offering financial services for clients — and as of today, they more or less are protected from having to do so by regulations that prevent banks’ holding companies from branching too far outside of core financial services businesses.

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Regulation Retail New York Apple 100

PYMNTS

MARCH 5, 2018

By offering QR-based digital payments, smaller retailers can achieve these goals and create greater customer stickiness with little to no investment beyond the phone they already have,” said Jorn Lambert, EVP, Digital Channels and Regions, Mastercard. Best Taking a Stand — DICK’S, Bank of America, Kroger, BlackRock, Delta, United (etc).

Regulation 108

Regulation Data Regional America 108

PYMNTS

MAY 21, 2020

100 for User A in America, 200 pesos for User B in Mexico and so forth) in order to perform transactions in a secure, fast and reliable way.”. “A A central entity may be a central bank which regulates a monetary supply,” the company wrote. “A A central entity may be associated with a government of such a region.”.

United States 244

United States Regional cryptocurrency Retail 244

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. billion bank in the Mid-Atlantic region.

Fintech 195

Fintech Community Regional Technology 195

PYMNTS

JUNE 27, 2019

Digital enterprises are going regional and instant payments are going national (and earlier than originally scheduled). Nubank’s $10B Regional Expansion . the Brazil-based firm is on a path to becoming the most valuable startup in Latin America. But before partaking in blockchain bacchanal ….

blockchain 147

blockchain Payments Regional America 147

PYMNTS

JULY 17, 2019

Beyond the technological advances, of course, China’s push toward a digital economy comes as the government has also digitalized the national ID card, which must be wielded by every citizen over the age of 16. National efforts to issue digital IDs to everyone may be hallmarks of China and India. The Big Tech Effect.

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Course Regional Policies Data 185

PYMNTS

NOVEMBER 13, 2017

Luckily, research from Bank of America, Wells Fargo, Capital One and others often point to one thing: Despite the challenges, small businesses are optimistic. Bank of America also found in a fall 2017 survey that nearly three-quarters of SMBs expect their 2017 year-end revenues to beat 2016’s figures. Eighty-one percent of U.S.

Taxes 105

Taxes Survey Capital America 105

PYMNTS

AUGUST 1, 2018

It is critical that we respond to the needs and concerns of Main Street America,” said Snowe in a statement. Small businesses are essential job generators, and the major driver of economic growth and vibrancy for all regions of the country.”.

Policies 100

Policies Report Regulation Maine 100

Abrigo

SEPTEMBER 10, 2021

The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act) was signed into law on October 26, 2001, just over a month after the attacks. October 26 is now nationally recognized as BSA/AML Day.) BSA Rules and Regulation. BSA Rules and Regulation.

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Training Risk Management Pennsylvania Resources 195

PYMNTS

JULY 21, 2017

Fraud varies country to country, region to region. As has been widely noted, the region has paved the way for the adoption of EMV, and its embrace by merchants in the EU, mandated though it has been, has steered hackers and criminals to online methods of siphoning funds from consumers and cheating companies.

Fraud 116

Fraud United States Regional Cards 116

PYMNTS

AUGUST 29, 2018

Dash is teaming up with Kripto Mobile to spread its payment system through Latin America, Cryptovest reported. Users in the region are able to spend and acquire Dash through their mobile phones, which comes loaded with the Dash ecosystem. Already, private and public banks have to use the digital currency in their financial reports.

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Alabama Operations Bitcoin cryptocurrency 100

PYMNTS

FEBRUARY 10, 2017

In an effort to improve international logistics, WCA announced a collaboration with Alibaba that aims to deliver “vetting and approving” support to improve services between nations. Several companies are finding that navigating the different rules that vary between countries and regions can be tricky.

Report 100

Report Survey Groups Regional 100

American Banker

JANUARY 11, 2017

Simple innovations -- such as those that would bring the underbanked into the financial mainstream -- are often stymied by regulation, says Bank of America CEO Brian Moynihan.

Regulation 28

Regulation Innovation America Regional 28

Tech and Finance

JULY 13, 2016

Regional and mid-tier banks face an uphill battle on the digital front, but have advantages they can capitalize on with some focus and determination. Alarm bells are sounding in boardrooms of regional and mid-tier banks across the U.S. Or at least they should be. Mobile Banking Functionality Benchmark. The 2016 U.S.

Regional 28

Regional Mobile Millennials Study 28

PYMNTS

NOVEMBER 1, 2017

In fact, the fantasy sports sector has been growing rapidly in North America in recent years, and is now estimated to be worth roughly $7.22 The platform offers customers the ability to use preferred local payment tools, including over 100 alternative payment methods (APMs) specific to their geographic region. and Canada.

Payments 102

Payments Regional America Marketing 102

American Banker

OCTOBER 26, 2016

OCC seeks data: The Office of the Comptroller of the Currency has sent formal letters to large and regional banks it regulates seeking information about their sales practices and incentive-compensation plans following the Wells Fargo scandal.

Regional 28

Regional America Regulation Data 28

Banking 2020

NOVEMBER 9, 2015

This is particularly true in the Asia-Pacific region, where new research is suggesting that payments made via these solutions are set for ‘explosive’ growth over the next few years. As emerging nations come online for the first time, smartphones will be the device of choice for many new internet banking users.

Mobile 40

Mobile Payments Regional National 40

American Banker

NOVEMBER 17, 2016

The Independent Community Bankers of America have asked a federal judge to reject a motion by the National Credit Union Administration petitioning for the dismissal of a lawsuit filed by ICBA that challenges recent revisions to the agency's member business lending regulation.

America 28

America National Community Lending 28

Independent Banker

MAY 24, 2016

Achieving these vital modifications from FASB took considerable grassroots efforts by ICBA, our leadership community bankers and our State and Regional Partner associations to educate FASB officials. After all, community bankers would have been the ones to have to deal with and live with a ruinous regulation, not FASB officials.

Community Bank 72

Community Bank Community Policies Leadership 72

PYMNTS

SEPTEMBER 29, 2017

We’re the largest liquor-store network in the country – in North America, frankly,” Drizly CEO Nick Rellas said. Plus, he added, alcohol regulations only get more complex and confusing all the way down, as one has to abide by all of the individual state laws. “To Even in Amazon’s backyard, we sell more alcohol than they do.

Retail 108

Retail Branding Georgia System 108

American Banker

APRIL 13, 2016

Regulators struck down the living wills of five of the eight megabanks under evaluation, including JPMorgan Chase, Bank of America and Wells Fargo, requiring them to submit fixes to their resolution plans by Oct. 1 or face more stringent regulatory requirements.

America 28

America Regulation FDIC Regional 28

American Banker

DECEMBER 14, 2016

banking regulators rejected Wells Fargo's revised living will as inadequate and imposed new sanctions on the bank: preventing it from setting up overseas entities and buying nonbank companies. Receiving Wide Coverage. Nixed: U.S.

New York 28

New York America Regulation Company 28

American Banker

NOVEMBER 22, 2016

More risky: Citigroup, Bank of America and Wells Fargo pose greater systemic risks to the global financial system than they did last year and had their capital requirements increased by regulators. Receiving Wide Coverage.

America 28

America System Capital Regulation 28

American Banker

APRIL 13, 2016

Judgment Day: Regulators have rejected the living wills of JPMorgan, Wells Fargo, Bank of America, BNY Mellon and State Street Bank. Breaking News This Morning. The Federal Reserve and Federal Deposit Insurance Corp.

America 28

America Meeting Regulation Regional 28

American Banker

APRIL 5, 2016

The paper profiles Andrea Smith, a human resources executive at Bank of America, who was tapped to lead its stress test submission, which is due Tuesday. The Charlotte, N.C., firm was the…

Puerto Rico 28

Puerto Rico Charlotte Resources America 28

Banking 2020

DECEMBER 16, 2014

The cynics will argue that this new hiring method won’t work for regulated financial services, or that people would rather go to a technology firm than a bank. Telecommunications is also global, for example, but regulated on a regional level. This is true in some cases, but it isn’t a sweeping reality.

Leadership 52

Leadership Regional America Industry 52

CFPB Monitor

JANUARY 12, 2017

We have previously written about the Congressional Review Act (“CRA”), which was enacted as part of the Contract with America Advancement Act of 1996. A House Committee Report issued during the last Congress indicates, for example, that “the Obama Administration issued on average 81 new major regulations per year” from 2009 through 2013.

United States 60

United States Examples Regulation Report 60

PYMNTS

DECEMBER 5, 2017

Data management is becoming an increasingly pressing concern for most financial institutions, as bank regulations continue to shift around the globe, according to new research. Regulation over data management is similarly a rising concern for banks, with 60 percent citing achieving data requirements as their top compliance hurdle.

Regulation 100

Regulation Management Data Survey 100

Independent Banker

FEBRUARY 24, 2016

New inspirations, fresh experiences await at ICBA’s national convention. ICBA’s national convention offers an educational lineup this year of more than 60 workshops and networking sessions. Independent Community Bankers of America. State/Regional Partners Reception*. Regulators Luncheon*. John Stossel. JohnStossel.

Community Bank 70

Community Bank Community Innovation Customer Experience 70

American Banker

JUNE 28, 2016

The Supreme Court on Monday agreed to hear an appeal by Wells Fargo and Bank of America in a lawsuit brought by the city of Miami to determine whether the city can seek redress for lost tax revenue from predatory mortgages.

Miami 40

Miami Taxes America Regional 40

Gonzobanker

DECEMBER 19, 2022

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. FIS wins Valley National with IBS platform. As expected, these rate hikes stopped the mortgage industry in its tracks. Sam Bankman-Fried of FTX.

Community 216

Community Fintech Industry Innovation 216

American Banker

SEPTEMBER 29, 2016

It's time that financial institutions in America recognize the value that women can bring to the executive suite and boardroom.

America 28

America Community Bank Regional National 28

American Banker

JUNE 6, 2016

At a time when most banks are finding it harder to make money from overdraft fees, new data shows that Wells Fargo, Bank of America and JPMorgan Chase are bucking the industrywide trend. The numbers are renewing consumer-protection concerns ahead of a CFPB rule-writing process set to begin later this year.

America 28

America Trends Data FDIC 28