PYMNTS

MARCH 14, 2019

Danske has a $230 billion scandal through its Estonian branch , and it’s retreating from the entire Baltic region, including Russia. Nordea is partially pulling out and Sweden’s banks might go as well, although Swedbank has said it’s not going anywhere and that it’s committed to the region. “It

Regulation 122

Regulation Regional System Capital 122

PYMNTS

DECEMBER 11, 2019

10), Craig Moore, CEO of business financing platform Beehive , not only made the case for more P2P lending in the Middle East (the company is based in the United Arab Emirates), but also gave a larger view of the FinTech situation in that region as a new decade dawns. But in a new PYMNTS interview on Tuesday (Dec. More Focus on P2P Lending.

Fintech 144

Fintech Lending Regional Regulation 144

PYMNTS

MARCH 1, 2016

And while some of these strategy revamps have been telegraphed, the numbers show some impact from regulations and investigations, as the firm posted a net loss of roughly $547 million (394 million pounds), which is far worse than a year ago at 174 million pounds.

Operations 100

Operations Strategy United States Regional 100

PYMNTS

FEBRUARY 10, 2017

Belgium’s capital city is becoming known for more than just housing major international institutions like EU Parliament, EU Commission and NATO. The region is also home to an active and fast-growing startup scene. The city was ranked as a strong innovator by the latest edition of the Regional Innovation Scoreboard (RIS 2016).

Capital 100

Capital Regional Innovation Fintech 100

PYMNTS

AUGUST 25, 2016

in particular, a cross-section of states that CEO Douglas Bystry says has its own unique demands and impacts on regional economies. That focus provides insights into the direct link between lenders, their SME borrowers and the communities in which those businesses operate. A Regional Reach.

Regulation 100

Regulation Lending Community California 100

PYMNTS

JANUARY 7, 2021

China’s Ant Group is mulling the creation of a new consumer loan unit that would allow it to continue making loans throughout the country while complying with new Chinese banking regulations. Under the new regulations, the units would be limited to operating in China’s Chongquing municipal region. On Tuesday (Jan.

Groups 141

Groups Regulation Lending Operations 141

BankUnderground

JULY 31, 2020

To make regulation proportionate, policymakers adapt regulatory requirements to the risks posed by each firm. But regulators face a trade-off between addressing systemic risks in a proportionate way and limiting regulatory complexity. A threshold could become a barrier to growth if it leads to higher operational costs (e.g.

Regulation 64

Regulation Policies Analysis Capital 64

PYMNTS

JUNE 3, 2020

In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. It is one of the region’s fastest-growing companies, having just turned in a stellar first quarter in a region that has more complexities than any of its northern neighbors. ”

America 248

America Regional Fraud Mobile 248

PYMNTS

OCTOBER 10, 2019

The United States Federal Reserve has passed new rules which lower the liquidity and capital requirements for most banks, as well as easing other restrictions. The new rules mean that only the biggest banks won’t be allowed to lower capital requirements. percent less in capital and 2 percent less in liquid assets. .

United States 155

United States Capital System Regional 155

PYMNTS

JUNE 29, 2020

But some analysis suggests supplier payment strategies are in flux to better support the working capital positions of corporates. Analysis of more than 1,400 companies in the region found a whopping 40 percent increase in the portion of businesses that are being paid late, compared to 2019 research. ” $1.3 ” $1.3

Payments 256

Payments Analysis Capital Strategy 256

PYMNTS

DECEMBER 10, 2020

“As a trusted partner, our close collaboration to build the future with Santiago Exchange demonstrates our commitment to accelerating digital transformation in the region overall,” Luis Melgarejo, vice president, Latin America Operations, Volante Technologies, said in an announcement.

Payments 178

Payments Google Technology Taxes 178

PYMNTS

MARCH 12, 2020

But the latest initiatives reveal a growing interest in transforming internal processes, particularly among smaller banks looking to upgrade their core infrastructure and elevate small business lending operations. The regional bank also noted growing interest among smaller FIs to embrace the bank-FinTech collaboration trend.

Lending 194

Lending Risk Management Fintech Community 194

Abrigo

JUNE 14, 2021

Common root causes include: Lack of a formal OFAC SCP Misinterpretation or failure to understand OFAC regulations Facilitating transactions by non-U.S. BSA Rules and Regulation. BSA Rules and Regulation. Being proactive and thorough with your SCP will help ensure your institution does not fall into unknown weaknesses.

Compliance 370

Compliance Training Resources Policies 370

PYMNTS

JULY 2, 2020

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. ” Capital On Tap Enables Receipt Bank Card. Capital on Tap wields the commercial card to connect small and medium-sized businesses (SMBs) to financing.

Cards 208

Cards New York Capital Compliance 208

PYMNTS

MARCH 4, 2019

Nordea, the biggest bank in the Nordic region, is being accused of handling millions of dollars in suspicious transactions for several years. The report noted that back in October Nordic financial regulators said they were handed documents from Hermitage Capital that accused Nordea of breaking the rules under anti-money laundering laws.

Virgin Islands 116

Virgin Islands Taxes Regulation Regional 116

PYMNTS

MARCH 29, 2018

In an effort to comply with local laws and regulations in China, Airbnb has announced that it will start sharing information with the Chinese government in a few days. Like all businesses operating in China, Airbnb China must comply with local laws and regulations,” a company spokesperson told BuzzFeed.

Regulation 101

Regulation Regional Policies Capital 101

PYMNTS

NOVEMBER 26, 2019

Recent data indicated that 82 percent of SMBs shutter in their first year because of poor cash management operations. As SMBs seek opportunities to expand their operations, and reach new customers and markets, they will need the right spend and workforce tools to ensure funds are spent appropriately. billion in value by 2025.

Tools 141

Tools Boston Cards Management 141

South State Correspondent

APRIL 19, 2023

Focusing on uninsured deposit performance is a hot topic among investors, analysts, and regulators. For example, while banks in the Southeast and Mid-Atlantic regions of the U.S. For example, adding and connecting an operating DDA account to the MMDA account extends the average life significantly.

How To 195

How To Examples Resources Community Bank 195

PYMNTS

JANUARY 15, 2019

central bank, is getting a bit worried about sharing some of the financial infrastructure with tech upstarts such as OnDeck Capital and Kabbage , a sense of caution that the newswire said puts the bank “at odds with other regulators looking to bring [those firms] into the fold.”. Reuters reported early Monday (Jan.

Fintech 148

Fintech St. Louis System Regulation 148

PYMNTS

AUGUST 20, 2018

Three months in, the European Union’s General Data Protection Regulation still stymies some firms seeking to comply with new rules and regulations governing data protection and privacy. Despite direct exposure to the region, they remain unaware of the GDPR requirements. Japan Eyes Cryptos, Yet Again.

Fintech 101

Fintech Survey Regulation Resources 101

PYMNTS

AUGUST 10, 2018

In the Philippines, Grab ’s acquisition of Uber ’s operations is moving forward with approval from the country’s governing body for competition. We have seen overwhelming interest from global strategic investors and partners who are keen to partner with us to capture the region’s booming growth.”.

Capital 100

Capital Regional Operations Company 100

PYMNTS

SEPTEMBER 7, 2018

In addition, the official noted that the region has “seen cases recently where AML issues have compromised the functioning and even the viability of some banks, so it is very important here to move forward.”. Monitoring money-laundering, however, is usually handled at the national level.

Regional 109

Regional Compliance Regulation Meeting 109

PYMNTS

SEPTEMBER 13, 2017

But, because these solutions — like Bitcoin — are largely untested, many traditional banks are wary of investing in companies that operate in the space. Here’s a snapshot of some recent notable B2B API news: For many smaller merchants, fear is very much a factor when it comes to globally expanding their operations.

Strategy 190

Strategy Report Lending Fintech 190

PYMNTS

AUGUST 14, 2019

Companies separated across borders want payments to be delivered on time so they can meet their payment deadlines, access capital and deliver products in a timely fashion. A group of Nordic banks have selected Mastercard to overhaul its financial services operations for the region. Around the Smarter Payments World.

Fintech 168

Fintech Payments Cards Regional 168

PYMNTS

OCTOBER 11, 2016

Treasury has reportedly dubbed international payments processor PacNet, which operates Counting House, a “criminal organization,” and reports said the move could cause trouble for FX brokers. ” PacNet has operations in Canada, the U.K. ” PacNet has operations in Canada, the U.K.

United States 100

United States Operations Regional Report 100

Abrigo

OCTOBER 29, 2014

Multifamily, commercial and automotive loans are driving loan growth among banks in the Northeast, but increasing risk will draw fresh attention from regulators to ensure recent and future growth is sound, the Office of the Comptroller of the Currency said recently. The OCC on Oct. The OCC on Oct. • Changes in underwriting.

Rhode Island 236

Rhode Island District of Columbia West Virginia New Jersey 236

PYMNTS

MAY 1, 2019

For small and medium-sized businesses looking to expand export operations across borders, launching in unfamiliar territory means a sudden lack of business connections, and a lot of confusion about how (and where) to start. where various industries have unique regulations and requirements in each state. companies last year. .”

Regional 138

Regional Atlanta Capital United States 138

South State Correspondent

AUGUST 21, 2022

Meet Competitive Pressures: National and larger regional banks are specifically targeting better borrowers for seven, ten, or 20-year fixed-rate loans. We believe that community banks should choose a path that offers the most operational flexibility. This capital ratio is used to assess the possible riskiness of a hedge provider.

How To 195

How To Community Bank Community FDIC 195

Jeff For Banks

FEBRUARY 3, 2018

That yielded 291 total institutions, broken down by region. And capital ratios have held steady and strong. In fact, if you listen to some institutional investors, the industry is over-capitalized. And I have never heard a regulator say the phrase "over capitalized". Positive operating leverage!

Taxes 60

Taxes Regional Industry Trends 60

PYMNTS

JANUARY 5, 2017

The rental firm operates across websites and mobile apps and offers users short- and longer-term car leasing. Yello O2O, a business services company that operates as part of the country’s Yello Mobile, received $20.8 million from Q Capital Partners, which will be slated for health care and other verticals served by the company.

Examples 101

Examples Data Regional Capital 101

PYMNTS

JULY 1, 2016

Treasury Department released its report on the sector and concluded that the market would likely benefit from greater oversight from regulators. Find out which alt lenders secured $77 million in venture capital, as well as the other startups across the U.S., Europe and Asia that followed suit with their own investment rounds.

Lending 101

Lending Analytics Capital Industry 101

PYMNTS

FEBRUARY 21, 2017

startups have felt the impacts of operating in a post-Brexit economy — with dips in funding and pressure to vacate for better opportunities. Skype cofounder Niklas Zennstrom is a known advocate for European startups who has invested much of his fortune into promising startups across the region. It’s no secret that U.K.

Digital Banking 101

Digital Banking Capital Fintech Groups 101

CB Insights

APRIL 18, 2019

Earlier this month, news broke that Chinese regulators were considering a ban on cryptocurrency mining (China is currently the world’s largest region for bitcoin mining). However, nothing has been formalized yet, and major mining companies Bitmain and Canaan have said the proposed ban won’t even affect operations.

blockchain 59

blockchain Capital Trends Bitcoin 59

PYMNTS

JANUARY 31, 2019

These bad actors often make off with investment funds for personal benefit or funnel them into illegal operations. They’re on the hook with regulators should something go wrong, after all. Such consistency can be difficult to achieve, though, especially for smaller operations.

Tennessee 108

Tennessee social media Fraud Guidelines 108

PYMNTS

DECEMBER 19, 2019

The revised Payment Services Directive ( PSD2 ) Strong Customer Authentication ( SCA ) regulation rollout in the EU has been a little bit on the bumpy side so far. 14 of this year, and while PSD2 did, the SCA part of the regulation has been put on hold. It was supposed to go into effect on Sept. For how long?

Compliance 102

Compliance Regulation Strategy Training 102

FICO

MAY 18, 2020

Just as organisations were getting to grips with IFRS 9 and its implications, the impact of COVID-19 has created the “perfect storm” for collections as regulators, organisations and customers scramble to understand the economic and financial impact of this pandemic. This is a unique time. Before the Storm Broke…. What has Changed in Practice?

Regulation 52

Regulation Operations Management Data 52

Jeff For Banks

APRIL 25, 2014

will provide greater capital resources and operational scale that will allow us to grow as part of a larger community bank." - Loralee Hutchinson, President of Alarion Financial Services, Inc. Read: We need to be bigger and have more capital to keep up with regulation and the industry. "Our combination.

Community 93

Community New York Indiana Connecticut 93