PYMNTS

OCTOBER 18, 2018

In July, reports in the Financial Times said Switzerland is working to open the nation’s traditional corporate banking market to cryptocurrency companies finding it difficult to get banked, thanks to fears over anti-money laundering (AML) violations and other compliance issues. “Time is pressing,” he said.

Guidelines 213

Guidelines cryptocurrency blockchain National 213

PYMNTS

APRIL 4, 2019

SWIFT noted that creating a standard will increase efficiencies, support end-to-end STP, facilitate improved regulatory compliance, improve the party identification process and provide the opportunity for new business. SWIFT said it will invite the community to review and comment on the guidelines as they are crafted.

Groups 146

Groups Guidelines Community United States 146

PYMNTS

JANUARY 31, 2020

Other regulators in Australia, India and Singapore are examining financial innovation rules of their own, using GDPR and PSD2 as guidelines. Around The Data Protection And Security World. The regulation is now slated to roll out in July 2020, rather than the February 2020 deadline previously proposed.

Digital Banking 136

Digital Banking Guidelines Regulation Data 136

PYMNTS

JANUARY 30, 2019

They face the challenge of offering customers a smooth onboarding process while also remaining rigorous in know your customer (KYC) efforts, taking care to remain compliant with local anti-money laundering (AML) regulations that aim to keep criminals from using legitimate operations to move money illegally. In the U.K.,

How To 170

How To blockchain Compliance Regional 170

PYMNTS

OCTOBER 8, 2019

That challenge is undoubtedly a major headache for the companies operating in this sector, which are often small businesses. In a high-risk industry like cannabis, compliance is, unsurprisingly, the number-one focus for companies like Dama, working to provide FinServ for legal players in the space. A Shifting Regulatory Landscape.

Compliance 114

Compliance Guidelines Industry Taxes 114

PYMNTS

MAY 27, 2020

CUs are also faced with the challenge of how to adjust their operations to match new legal regulatory requirements, such as those stipulated in the CARES Act, and the Credit Union National Association (CUNA) hopes to help. About The Tracker.

ATM 243

ATM Innovation Meeting United States 243

PYMNTS

SEPTEMBER 11, 2019

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. Currently, there are 57 real-time payments rails operating in more than 72 countries, with even more under construction.

Payments 190

Payments Regional Operations Guidelines 190

PYMNTS

APRIL 16, 2020

That firm recently secured funding from Visa, which is also in the process of acquiring Plaid as part of its own wide-ranging open banking initiatives. Open banking startup Railsbank, founded by Currencycloud Founder Nigel Verdon, secured some high-profile funding with the recent investment by Visa, according to recent reports.

Data 167

Data Lending Regional Fintech 167

FICO

JULY 13, 2020

Two months ago, I posted about why it is important for collections operations to adopt a forward-looking approach to debt management – basically the importance of having a clear and compelling vision. New guidelines from the FCA that call for operational resilience in collections reinforce this point. For too long.

Meeting 52

Meeting Operations Customer Experience Technology 52

Insights on Business

JANUARY 3, 2019

But while mobile devices give us great power and convenience, they also create new security and privacy challenges. Simultaneously, regulators and auditors are issuing new cybersecurity regulations and guidelines. A cloud environment offers financial institutions greater speed and agility than their current environments.

Risk Management 128

Risk Management Management Regulation Guidelines 128

PYMNTS

MARCH 8, 2018

Every business walks the same tightrope when it comes to processing payments: Convenience versus security. It doesn’t matter if the business is consumer-facing or serving other businesses (B2B); security is top of mind for all of them, yet adding more layers can introduce more friction, and that can scare customers away.

Innovation 112

Innovation Security Industry Fraud 112

PYMNTS

MARCH 27, 2020

Payments Initiation, which is enabled by PSD2, is driving the adoption of Open Banking” in the business banking and payments space, she told PYMNTS, pointing to the benefits of lower transaction fees, speed and elevated security as key drivers of adoption. Each one of these factors provides tangible benefits to businesses.”.

Payments 151

Payments Innovation Security Guidelines 151

PYMNTS

APRIL 30, 2018

Understanding that the brave new world of connectivity also creates a set of challenges, the European Commission has begun outlining guidelines for companies in the space and promoting heightened cybersecurity to keep citizens’ personal data safe. The penalty for non-compliance is expected to be severe once the GDPR takes effect.

Data 119

Data Compliance social media Regulation 119

PYMNTS

MARCH 19, 2018

Thus, against this backdrop, the announcement came this past week that Mastercard and IBM have partnered and formed a trust – Truata – that allows for analytics of, and protection of, data in compliance with GDPR. Think of it as outsourcing data analytics, to at least ensure that the data is in compliance.

Analytics 124

Analytics Data Compliance Tools 124

PYMNTS

AUGUST 1, 2019

In corporate payments, high-value transactions with tall demands for compliance, transparency, speed, efficiency and security aren’t just placing a burden on the businesses sending and receiving funds.

Payments 152

Payments Guidelines System Compliance 152

PYMNTS

JANUARY 31, 2019

These bad actors often make off with investment funds for personal benefit or funnel them into illegal operations. Among the platforms facing this challenge is FrontFundr , an online investment portal operating in eight Canadian provinces that focuses on helping established and newer investors connect with early-stage companies.

Tennessee 108

Tennessee social media Fraud Guidelines 108

PYMNTS

NOVEMBER 22, 2018

Chalk it up to “unviability of operations” in the wake of new regulatory guidelines, mandating upgrades that focus on the actual management of the physical cash at those machines. New rules mean new compliance activities, which, of course, mean additional compliance costs for these stakeholders — as much as $489 million.

ATM 187

ATM Payments Compliance Google 187

PYMNTS

MARCH 11, 2020

The Reserve Bank of India recently released guidelines outlining an approved method that private companies could use for conducting KYC checks online by using videos. Keeping everything safe when operating globally is challenging because there’s no one-size-fits-all profile for a risky transaction or suspicious company, however.

Fraud 150

Fraud Payments Guidelines Regulation 150

PYMNTS

MAY 30, 2018

Throw into the mix consumer protection guidelines, active anti-money laundering checks and capital requirements, and things get difficult, Oosthuizen noted. For example, when a consumer travels, he or she can take their credit card and insert it or swipe it at any card reader anywhere in the world, and money moves instantly.

Fintech 160

Fintech Regulation Compliance Innovation 160

PYMNTS

JULY 5, 2017

The complexity of mobile payments shows up when looking at the entities involved in the entire process, and where these entities will be operating. The regional variations of the payment flow make for a massive amount of complexity in the ecosystem as there are also regulatory and compliance guidelines that will shift depending on the region.

Innovation 121

Innovation Customer Experience Mobile Security 121

PYMNTS

JUNE 27, 2016

Caldera cites the example of Operation Choke Point — an initiative by the DOJ that investigates U.S. “One significant vehicle for increased scrutiny of high risk merchants and their bankers is Operation Choke Point. The regulations were vague, and were more like guidelines.

Regulation 101

Regulation Guidelines Risk Management Operations 101

PYMNTS

JANUARY 15, 2018

In an interview with PYMNTS, Jordi Gascon, with EMEA Security at CA Technologies, noted the challenges for banks across the EU, right out of the gate: “PSD2 compliance is a must, and they need to cope with the intrinsic risks of opening their infrastructure to third parties.” But as to what to expect ….

CA 112

CA Bitcoin Data Security 112

Insights on Business

NOVEMBER 20, 2017

Federal Reserve Bank are enabling their member banks with guidelines by being an advocate, educator, and, more importantly, a change agent to influence payments system policy and direction. Security and risk reduction are very high on the priority list for participants offering Faster/Instant Payments.

Payments 79

Payments Guidelines Digital Banking Industry 79

Insights on Business

OCTOBER 11, 2018

Banks moving core applications to the cloud need to follow certain guidelines and standards for the migration/transformation and overall banking ecosystem to work successfully. Some of these standards are getting established by regulatory bodies, such as the PSD2 regulation in Europe, which covers payment initiation and account access.

Meeting 111

Meeting Customer Experience System Guidelines 111

CFPB Monitor

AUGUST 7, 2020

The guidance notes that the principles outlined in the joint statement apply to both commercial and retail loan accommodations and are consistent with the Interagency Guidelines Establishing Standards for Safety and Soundness. Targeted testing of the process for managing each stage of the accommodation is also advisable.

Risk Management 78

Risk Management Management Guidelines Report 78

Abrigo

NOVEMBER 22, 2021

Consumer Lending Laws & Compliance Financial institutions offering consumer loans need to know about these major consumer lending laws and recent compliance issues. Takeaway 1 Risk tied to consumer lending compliance has been elevated as a result of the pandemic and associated operating challenges. Pandemic Issues.

Compliance 195

Compliance Lending Risk Management Regulation 195

NCR

AUGUST 18, 2017

Blockchain, or distributed ledger technology as it is sometimes called, is a database that is distributed across a network and cryptographically secured, such that records become immutable. Forecasts about medium-term cost savings of key operations are promising. Significant savings to be made. The hurdles to be overcome.

blockchain 75

blockchain Technology cryptocurrency Study 75

FICO

NOVEMBER 1, 2016

Look no further than the US presidential debates , where our two candidates have highlighted the need to address hackers, security breaches and even foreign nations that may be using sophisticated cyber tactics to influence the outcome of the upcoming November elections. These days, cybersecurity is a hot-button issue in policy circles.

New York 40

New York Regulation Policies National 40

Abrigo

JUNE 12, 2023

You might also like this webinar, " AML Compliance and Sanctions Requirements for Non-Bank Financial Institutions. In today's interconnected world, efficient and secure money movement is crucial for individuals and businesses alike. Compliance and reporting : Mandate implementing robust AML and CTF programs by money transmitters.

Compliance 195

Compliance Fraud Regulation Guidelines 195

CB Insights

OCTOBER 21, 2018

All 2017 Fintech 250 companies remain active and in operation, when our own research shows that 67% of funded startups fail or stall. Regulatory & Compliance. Regulatory & Compliance. Regulatory & Compliance. Regulatory & Compliance. Regulatory & Compliance. Futu Securities.

Fintech 78

Fintech Lending Capital Analytics 78

NCR

MAY 22, 2017

Indeed, some banks are forecasting that it could affect how they operate throughout every part of their business. So what does the implementation of big data mean for everyday banking activities, and how can companies ensure they’re using the technology in compliance with legal and ethical considerations? Fighting fraud.

Big Data 85

Big Data Data social media Fraud 85

Money and Payments

AUGUST 14, 2023

The legal/compliance experts doing the action will be myself and the litigation law firm with whom we have previously been successful in litigating against the abuse of premature non risk based prescription of FATF-recommendations as a part of the registration process for crypto providers. What is the risk of this regulation?

Regulation 36

Regulation Data Maine Operations 36

Money and Payments

AUGUST 8, 2023

The legal/compliance experts doing the action will be myself and the litigation law firm with whom we have previously been successful in litigating against the abuse of premature non risk based prescription of FATF-recommendations as a part of the registration process for crypto providers. What is the risk of this regulation?

Regulation 36

Regulation Data Maine Operations 36

Tomorrow's Transactions

DECEMBER 19, 2016

As for the last few years, I’ve put together a “live five” of technology-driven changes in the secure transactions field that will have a real business impact over the coming year. The NIST guideline goes on to talk about using push notifications to applications on smart phones, which is how we think it should be done. Goodbye 2016.

Mobile 30

Mobile Retail Trends Security 30

PYMNTS

OCTOBER 6, 2017

But often, businesses prioritize security of customer data, then safeguard internal company data. Last week, Baer reported on the American Payroll Association’s Fall Forum, which focused heavily on payroll security. And they have shorter timelines for rolling out operations. Regulatory guidelines may help address this issue.

Marketing 139

Marketing Data Security Regulation 139

Accenture

AUGUST 26, 2019

And it’s now spreading into RTGS systems, securities and trade finance as well. Following the announcements made in 2018 by a number of system operators, the proposed migration of all HVPS over next few years marks the biggest move to date towards this objective. Adoption of ISO 20022 as “the global language for financial messaging”.

Industry 174

Industry Payments System Guidelines 174

PYMNTS

APRIL 19, 2016

Customer data that is determined to be nonsensitive is kept where that data is already stored and can, according to linked2pay, improve payments and back-end business functions, while operating across a single platform, known as AvidiaPay.

Payments 100

Payments Guidelines Innovation Compliance 100