PYMNTS

MARCH 22, 2019

DNB said that fighting economic crime was a priority and that during an audit it hadn’t found any concrete examples of any violations. Danske has a $230 billion scandal through its Estonian branch , and it’s retreating from the entire Baltic region, including Russia.

Regulation 139

Regulation Regional Maine Report 139

PYMNTS

JUNE 29, 2020

The rise of online and contactless transactions in the European Union, for example, has meant that many merchants are making the bulk of their sales away from brick-and-mortar stores. The health crisis has brought about changes to this rule, however, and these may have long-term implications for payment standards and regulations.

How To 239

How To Payments Management social media 239

PYMNTS

SEPTEMBER 28, 2020

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. Regulators in countries like Egypt have only recently rolled out their data protection rules.

Online 151

Online Report Payments Regulation 151

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

AUGUST 21, 2020

While Chinese traders are limited to the purchase of up to $50,000 of foreign currency annually, the volume suggests stablecoins could be being used to circumvent the regulation, according to Chainalysis , the New York-based provider of regulatory compliance software.

cryptocurrency 349

cryptocurrency Report Regional Capital 349

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. Brazilian lawmakers have been developing open banking plans since 2019, for example, outlining rough guidelines to be enacted late this year.

America 165

America Regulation Regional Tools 165

PYMNTS

JANUARY 18, 2018

Regulation has undoubtedly acted as a catalyst to major financial services trends in areas like small business (SMB) lending, faster payments and, most recently, open banking and collaboration with FinTechs. According to the results, banks argue that innovation, not just regulation, is behind the wheel of progress. Optimism Up.

Regulation 156

Regulation Innovation Fintech Marketing 156

Celent Banking

JULY 13, 2016

I must admit, I lost count how many times we at Celent have written and talked about unintended consequences of regulation. This is often used as an example of regulators bearing down on the issuers, and in many cases, especially for credit cards, it is indeed a significant reduction of fees charged previously.

Regulation 100

Regulation Cards Regional Examples 100

South State Correspondent

MAY 9, 2023

In the wake of regional bank failures, one potential answer to equity shorting and bank runs is having the FDIC increase deposit insurance. 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.

FDIC 195

FDIC Regulation Capital Management 195

PYMNTS

MARCH 27, 2020

While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. European Union and other regions currently fighting the pande mic.

Data 199

Data Retail US California 199

Abrigo

JANUARY 3, 2024

While many think of trade, commerce, and cultural exchange when considering this region, ignoring the undertow of illicit activities is impossible—the border remains a hotspot for drug trafficking, illegal arms trade, human trafficking, and smuggling operations, necessitating vigilant scrutiny and transaction monitoring within the U.S.

United States 221

United States San Antonio Training Fraud 221

PYMNTS

JULY 24, 2020

Open banking is often associated with the European Union (EU) almost by default as the region pushes the envelope further on regulation than anywhere, partly to encourage — but also to keep up with — imaginative FinTech innovators going to market throughout the Eurozone. Similarities To The EU.

America 168

America Regional Regulation Fintech 168

PYMNTS

APRIL 30, 2020

The COVID-19 pandemic has caused an impact on open banking developments worldwide as regulators, financial institutions (FIs) and businesses set their sights on helping their current customers rather than future innovations. where regulators have been workshopping potential rules for several years. Seventy percent of U.S.

Regulation 188

Regulation Regional Data United States 188

Perficient

FEBRUARY 24, 2021

Examples include India and China. Examples include Colombia, Mexico, and Costa Rica. Industry Regulations. Certain industries, like government or financial services, may be explicitly regulated to the U.S., Nearshore software delivery regions boast convenient geographic proximity and time zone alignment to the U.S.

Software 294

Software United States Strategy Regulation 294

PYMNTS

MARCH 7, 2019

Merchants and customers are now transacting under PSD2 and GDPR in the European Union (EU) — regulations that allow a greater window into how customer data is being used. While these regulations are aimed at increasing consumer trust by allowing them more transparency, many consumers in the region are still adjusting.

Lending 198

Lending Regulation Regional Data 198

Abrigo

JULY 22, 2022

Cryptocurrency regulation is on the horizon The ups and downs of the cryptocurrency scene have illuminated a need for guidance for traditional financial institutions. The future of traditional bank involvement and regulations. You might also like this whitepaper, "Understanding Cryptocurrency." DOWNLOAD WHITEPAPER.

cryptocurrency 195

cryptocurrency FDIC Regulation Fraud 195

PYMNTS

DECEMBER 4, 2018

In reference to technologies, “some banks are becoming increasingly sophisticated in their approaches to identifying suspicious activity, commensurate with their risk profiles – for example, by building or enhancing innovative internal financial intelligence units devoted to identifying complex and strategic illicit finance.”

Innovation 161

Innovation Regulation Compliance Idaho 161

FICO

MARCH 7, 2023

Home Blog FICO Responsible AI: Are European Firms Ready for the Regulators? There are significant changes coming in Europe, which highlight getting a handle on responsible AI use, with the banking and financial services sector among those that will be most impacted by increasing regulation.

Regulation 52

Regulation America Compliance Fraud 52

PYMNTS

MAY 1, 2020

Financial institutions (FIs) and regulators in Singapore, the E.U. Regulators may have shifted their focuses away from these initiatives and toward making sure their customers have the financial access they need to survive the pandemic, but the long-term goals of. and the U.S. Similar to the U.K. Similar to the U.K.

Innovation 245

Innovation Regulation Digital Banking Security 245

Abrigo

AUGUST 22, 2019

Training is especially important for the BSA officer, who “is expected to be fully knowledgeable about the BSA and all related regulations,” as a recent Federal Reserve Bank of Minneapolis publication noted. One option that makes it easy for BSA officers to complete required training is to attend regional meetings. Ready to Attend?

Training 150

Training Las Vegas Alabama Minneapolis 150

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

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

South State Correspondent

APRIL 10, 2023

Most agree that attempt to fair value certain financial instruments would still not approximate the settlement of that instrument between a motivated buyer and seller – for example, there are many unpredictable or unknown factors to be able to value instruments like loans and deposits.

Community Bank 195

Community Bank Community Security Capital 195

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. asked PRA CEO Sam Woods in a recent speech. But first… what is a barrier to growth?

Regulation 65

Regulation Policies Analysis Capital 65

PYMNTS

JANUARY 2, 2020

These financial institutions ( FIs) have recognized how this regulation has affected the EU financial ecosystem, and they have passed that familiarity onto the merchants and payment providers that work with them. Only 22 percent of EU merchants have not taken steps to respond to PSD2 or Strong Customer Authentication (SCA), for example.

Regulation 131

Regulation California Regional Fintech 131

South State Correspondent

APRIL 19, 2023

Focusing on uninsured deposit performance is a hot topic among investors, analysts, and regulators. Uninsured Deposit Performance – By Balance By way of an example, below is our updated decay data of money market accounts based on account size. For example, while banks in the Southeast and Mid-Atlantic regions of the U.S.

How To 195

How To Examples Resources Community Bank 195

Abrigo

AUGUST 31, 2023

For example, tapping into patriotism by explaining that collecting KYC information assists in countering terrorism. For example, as diverse populations increase with globalization, community financial institutions have an opportunity to accommodate clients that may not follow the Western “first, middle, last” naming convention.

Compliance 195

Compliance Community Training System 195

PYMNTS

SEPTEMBER 30, 2019

Scrutiny of tech firms is spreading across the globe, hinting at broader regulations over privacy and, possibly, bigger tax bills. Together, we are 80 percent of the region,” Indonesian Communications Minister Rudiantara told the newswire. Reuters noted this past week that such approaches would take place through a unified effort.

Taxes 133

Taxes Regulation cryptocurrency Google 133

PYMNTS

FEBRUARY 2, 2021

This is the key to the rise of instant payment solutions in the Nordic countries, a region where many in the financial sector are attempting to put the cashless ideal into practice, explained Bengt Nilervall, payment expert at the Swedish Trade Federation , the employers? been doing with P27, for example.”. Instant payments?

Payments 103

Payments Regional Regulation Examples 103

PYMNTS

JULY 17, 2018

In one case at the state level (and it’s New York, so movement there carries much weight within the financial arena), Bloomberg reported that NY’s financial regulator is challenging what the newswire terms a “fundamental principle” on bank and FinTech relationships that brings interest rate caps into that regulator’s crosshairs.

Fintech 100

Fintech Regulation New York Management 100

PYMNTS

NOVEMBER 3, 2020

Eighty-one percent of consumers in one recent study said that trusting brands was a major factor in determining whether they would interact with them, for example. For example, a September report found that the number of open banking users in the U.K. doubled to more than 2 million during the six months preceding the study. and the EU.

Study 192

Study Data Regulation Digital Banking 192

PYMNTS

SEPTEMBER 3, 2019

They face little competition and there are numerous examples of the companies purchasing startup competitors in various lines of business,” she said. The EU’s privacy enforcement for Facebook is led by Ireland’s Data Protection Commission since the social platform’s regional headquarters are in Dublin.

Minnesota 181

Minnesota Utah social media Regulation 181

PYMNTS

FEBRUARY 28, 2020

In a report titled “The Dark Side of Latin America,” IntSights, which monitors cyberthreats, said Latin America is among the top regions for money laundering, done at least in part through cryptocurrency, and that such tactics are favored by organized crime.

America 217

America cryptocurrency Regional ATM 217

PYMNTS

JUNE 5, 2020

FIs and their regulators are clinging to that vision even as they work to answer complicated questions brought about by the virus surrounding online payments, security and data privacy. Regulators are addressing what data can be shared compliantly under the General Data Protection Regulation (GDPR), for example.

Regulation 131

Regulation Data Online Regional 131

PYMNTS

DECEMBER 30, 2019

The law is similar to Europe’s General Data Protection Regulation (GDPR), which broadly changed the way companies in the region were allowed to deal with customer data. While the regulations surrounding the law were released to the public in October, the signage requirement was not part of the original statute and was added later.

CA 132

CA Retail Data California 132

PYMNTS

JULY 16, 2019

Additionally, other companies are still working to change their platforms to comply with General Data Protection Regulation (GDPR) as that regulation continues to sweep across Europe. Both banks and regulators are re-examining how exactly SCA will affect the financial ecosystem. Around the PSD2 and GDPR Worlds.

Strategy 188

Strategy social media Regulation Retail 188

PYMNTS

SEPTEMBER 29, 2020

Consumers around the globe have moved their purchasing online during the pandemic, and those in the Middle East and North Africa (MENA) region are no exception. The region’s financial institutions (FIs) and merchants have needed to work swiftly to support unprecedented levels of digital payment and shopping growth. under the GDPR.

Payments 172

Payments Regulation Online Retail 172