PYMNTS

JULY 19, 2020

Equity crowdfunding program Equifund CFP is launching a Regulation Crowfunding offering to help cannabis tech company Drop Delivery raise money for its all-in-one delivery system for cannabis products, according to a press release. “We’re proud Drop Delivery has chosen to open its doors to early-stage investors with Equifund CFP.”

System 218

System Capital Payments Regulation 218

PYMNTS

AUGUST 11, 2020

Merchant cash advance companies avoid much of the regulation banks face by claiming that rather than giving loans to businesses, they’re paying the business cash now in return for a cut of future revenue. One business owners said he felt as if he were dealing with an entity almost like “a gangster operation.”.

Lending 237

Lending Regulation Philadelphia New York 237

PYMNTS

JANUARY 20, 2020

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. The filings also indicated that interest income would be spread across operating segments.

Operations 150

Operations Capital Groups Apple 150

PYMNTS

JANUARY 17, 2019

General Electric ‘s divestiture of GE Capital assets continues as MUFG Union Bank announced plans to acquire GE Capital’s Trade Payable Services (TPS) operations. 16), MUFG Americas and GE Capital said MUFG Union Bank will acquire GE Capital’s supply chain finance platform for an undisclosed sum.

Capital 150

Capital America blockchain Regulation 150

PYMNTS

DECEMBER 9, 2020

India-based digital lender startup Capital Float witnessed a multitude of benefits from implementing video-based KYC to help onboard its small- to medium-sized business (SMB) clients. Capital Float had provided 500,000 clients with $1.2 Capital Float had provided 500,000 clients with $1.2

Video 175

Video Capital Lending Security 175

American Banker

OCTOBER 31, 2023

Regulators are pushing a scheme that is completely out of touch with international regulatory norms. It would irreparably harm both consumers and the U.S. economy.

Operations 41

Operations Capital Regulation Risk Management 41

PYMNTS

OCTOBER 1, 2019

India-based financial services provider Reliance Capital has announced it will exit the lending market. While the company will continue to operate in the asset management and general insurance spaces, Reliance shrunk its footprint by lowering its ownership in Reliance Nippon Life Asset Management from about one quarter to just over 4 percent.

Capital 109

Capital Lending Regulation Operations 109

PYMNTS

JULY 16, 2019

France’s financial regulator is set to approve a wave of cryptocurrency-related firms in the country, subjecting them to new rules that include paying taxes and complying with capital requirements and consumer protections, according to a report by Reuters. Because digital currency is so new, regulations vary around the world.

Regulation 143

Regulation Company cryptocurrency Taxes 143

PYMNTS

DECEMBER 28, 2020

Large Chinese companies, including Alibaba and rivals Tencent , food delivery giant Meituan and retailer JD.com , have lost almost $200 billion in Hong Kong since regulators announced last week that they were investigating Alibaba's reported monopolistic practices, according to Bloomberg. Regulators on Sunday (Dec.

Regulation 141

Regulation Google Report Capital 141

PYMNTS

JANUARY 27, 2020

Singapore is aiming to boost cryptocurrency firms by offering them a chance to apply for operating licenses. The move, called the Payment Services Act, will allow global cryptocurrency firms the chance to expand their operations. Both already operate in Singapore. After the Payment Services Act goes into effect on Thursday (Jan.

Regulation 151

Regulation cryptocurrency Payments Bitcoin 151

TheGuardian

MARCH 2, 2021

Greensill Capital is seeking insolvency protection in Australia and a rescue deal with new and existing backers, after two Swiss banks announced they were closing funds linked to the business over concerns about its true value.

Capital 73

Capital Regulation Operations 73

PYMNTS

JANUARY 10, 2019

Alternative small business (SMB) lending platform CAN Capital announced on Wednesday (Jan. CAN Capital added Siciliano from commercial financing company Marlin Business Services , where he served in a variety of roles, including CEO and chief operating officer. 9) that Edward J. The challenges are not isolated to the U.S.,

Capital 134

Capital Leadership Customer Experience Lending 134

Perficient

MAY 25, 2023

Promethium Ember Capital, (“PEC”), a wholly owned subsidiary of Promethium, has become the first digital asset custody provider to come under federal regulation. PEC was approved as a special purpose broker-dealer (“SPBD”) for digital asset securities.

cryptocurrency 251

cryptocurrency United States Retail Security 251

BankUnderground

NOVEMBER 2, 2022

Operational risk is rapidly becoming one of the most important threats to the financial system but is also one of the least well understood. But they are only one part of operational risk, which includes losses from any kind of business disruption or human error, including power outages or natural disasters.

Operations 87

Operations Policies System Regulation 87

PYMNTS

APRIL 1, 2019

In one example, as noted by CoinDesk, Pakistan is mandating regulations for the crypto space. Though the framework has not yet been made public, the rules reportedly would institute capital requirements, and also stipulate know your customer (KYC) processes. Warmer Climate in Bermuda.

Regulation 183

Regulation cryptocurrency Leadership Report 183

PYMNTS

MAY 29, 2019

Reports in Reuters on Tuesday (May 28) said UBS expects its regulatory costs to remain high in the years ahead after a decade of more stringent regulations leading to heavier, more costly burdens on banks. “That has tied up enormous resources.” “Why is this so significant?

Regulation 108

Regulation Compliance Capital Resources 108

Abrigo

JUNE 12, 2023

A regulatory baseline Benefits to adopting the model money transmitter act framework Money transmitters are regulated at the state level, and the absence of a standardized licensing and regulatory framework across states can lead to consistency and challenges for money transmitters. alone, handling $6 trillion in payments.

Compliance 195

Compliance Fraud Regulation Guidelines 195

PYMNTS

JANUARY 4, 2017

FinTech firms operating in Indonesia and running peer-to-peer lending businesses may face new regulations from the Indonesian Financial Services Authority (OJK). What’s important is they get onto our radar because we don’t want to regulate the prudential aspects hastily. Muliaman D.

Regulation 128

Regulation Fintech Guidelines Capital 128

Perficient

AUGUST 23, 2021

So, how does an insurance provider respond to this trend and the increasing number of regulations around data privacy (think GDPR or CCPA)? Analysts predict that there will be 175 zettabytes (that’s one trillion gigabytes!) by the middle of the 2020s.

Data 508

Data Analytics Trends Fraud 508

PYMNTS

APRIL 29, 2019

Securities and Exchange Commission has appointed members to its newly-formed Small Business Capital Formation Advisory Committee as it works to support small business access to capital. The SEC’s new advocate for small business capital formation, Martha Legg Miller, and 15 other members are also a part of the team, reports said.

Capital 108

Capital Lending Regulation Report 108

South State Correspondent

MAY 9, 2023

The regulators are considering three options: raising the limit above $250k, raising the cap for only certain accounts (such as banks’ business accounts), or eliminating the cap entirely. Can Regulators Help The banking industry needs regulations and regulators to review banks. economy needs.

FDIC 195

FDIC Regulation Capital Management 195

PYMNTS

JANUARY 22, 2021

India's central bank wants stricter regulations for big shadow lenders, according to a new report from Bloomberg. One proposition is a 9 percent core capital requirement on the top tier, akin to banks. The paper comes after a speech by a top RBI official in charge of banking regulation, Bloomberg writes.

Regulation 272

Regulation Capital Lending Groups 272

BankUnderground

APRIL 28, 2023

This post investigates whether large and small banks in the UK and US differ in the cyclical patterns of capital positions and credit provision. The reforms aimed to ensure that banks have sufficient capital resources to absorb losses and reduce the cyclical effects of bank capital (and regulation) on the supply of bank credit in stress.

Capital 78

Capital Lending US Data 78

Abrigo

JANUARY 24, 2024

The rapidly increasing interest rates in 2023 led to publicly traded banks with more than $20 billion in assets having tangible common equity ratios (adjusted for fair value adjustments on held-to-maturity instruments such as loans) of less than 3% as of September 30, 2023, according to S&P Capital IQ. Should we panic?

FDIC 195

FDIC Regulation Strategy Data 195

TheGuardian

MARCH 9, 2021

MPs question how FCA could let Greensill operate unchecked in UK, claiming regulator is failing to protect firms and investors MPs have accused the UK’s Financial Conduct Authority of failing to protect businesses and investors swept up in the collapse of specialist lender Greensill Capital, saying the crisis “draws yet more uncertainty” over the efficacy (..)

Capital 82

Capital Regulation Groups Operations 82

PYMNTS

JUNE 13, 2019

Latvia’s parliament has passed new regulation to bolster the fight against money laundering and terrorism financing. This is an unprecedented case of political interference in the Financial and Capital Market Commission’s operations,” he said. But the current head of the commission, Peter Putnins, is critical of the changes.

Regulation 120

Regulation Maine Capital National 120

Abrigo

DECEMBER 28, 2023

Indeed, regulators and management alike focused on these risks more and more in 2023 following the failure of Silicon Valley Bank and repeated rate hikes. The eBook also explained the critical steps of capital planning to meet financial institution goals and critical modeling assumptions for key funding sources.

Resources 221

Resources Risk Management eBook Strategy 221

PYMNTS

MARCH 7, 2016

Banks may face tougher guidelines when it comes to how much they are required to spend to cover the risks that cyberattacks, fraud and fines pose to their operations. “For most banks, the committee expects that these proposals will have a relatively neutral impact on capital.

Regulation 100

Regulation Guidelines Capital Operations 100

PYMNTS

MAY 24, 2019

Baoshang Bank, based in Inner Mongolia, will be taken over by China’s banking and insurance regulator over critical credit risks, according to a report by Reuters. The takeover highlights the troubles that smaller banks in China face, like poor capital buffers, inadequate internal controls, asset quality deterioration and others.

Regulation 158

Regulation Lending Guidelines Maine 158

Abrigo

DECEMBER 22, 2023

Abrigo's most popular risk management blogs over the last 12 months cover topics that continue to catch the attention of professionals and regulators. Those read most often in the past year include several that offer practical advice for operating ALM and CECL models. The FASB’s description of proposed changes can be found here.

Risk Management 221

Risk Management Regulation Management Lending 221

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. .

Capital 100

Capital United States System Regional 100

Insights on Business

MARCH 12, 2019

review of the capital requirements for market risk regulations, namely the Fundamental Review of the Trading Book (FRTB). It becomes effective in 2022, but banks should now, more than ever, implement the proposed changes in order to meet the deadline for reporting their Pillar I capital under the new methodologies.

Capital 79

Capital Regulation Strategy Operations 79

PYMNTS

JANUARY 3, 2020

It will be complicated for a company to build those compliance tools from scratch, especially companies that only operate in California. In Europe, where the General Data Protection Regulation (GDPR) has been in effect for a few years, many companies at least have an idea of what they need to do.

CA 133

CA Data California Capital 133

Abrigo

MARCH 6, 2016

But there are pessimists in the crowd who see a worse environment for M&A, and they largely point to deal pricing, capital constraints and a lack of sellers as drivers. Nearly half (47 percent) cited capital constraints, and 41 percent said banks don’t want to sell.

Capital 150

Capital Survey Meeting Resources 150

CB Insights

NOVEMBER 11, 2022

Turbulent market conditions have rattled capital markets tech funding, which fell 84% YoY in Q3’22. . These technologies enable capital markets firms not only to adapt to market volatility, but also to pursue new growth opportunities. ESG reporting requirements. Trade analytics and execution. EQUITY MANAGEMENT PRACTICES.

Capital 66

Capital Trends Marketing Analytics 66

American Banker

JANUARY 16, 2024

He says work is being done to address issues with the operational risk framework, but that regulators may need to go back to the drawing board for an adequate fix. The Federal Reserve governor was one of two to vote against issuing the so-called Basel III endgame proposal.

Capital 42

Capital Regulation Operations Policies 42

PYMNTS

JUNE 20, 2019

One thing he wants to do right away is to enhance the coordination between financial regulators in the country. “To ” He noted that projects with distributed ledger technology (DLT) could unlock “billions of pounds in capital and liquidity.”. separates from the European Union. To remain a dominant player we in the U.K.

Regulation 116

Regulation social media cryptocurrency Capital 116