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

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PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations.

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PYMNTS

MAY 22, 2020

Detailing similar efforts in India and the Asia-Pacific region, the new Tracker looks at faster payments systems getting built around the world to ignite whole economies. To build TIPS, the ECB utilized the SEPA Instant Credit Transfer (SCT Inst) protocol, which establishes operational guidelines for real-time payments throughout the EU.

Payments 344

Payments Policies Guidelines National 344

PYMNTS

JANUARY 30, 2019

The global economy offers a wide range of opportunities for businesses to expand their reach, and promote their brands to new markets. What’s more, companies must also work to remain compliant with the laws in place across the different regions where they operate. In the financial services market, trust is an essential component.

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PYMNTS

MARCH 25, 2019

While plenty of countries are seeing this as an opportunity to grow, some markets are still holding out. The Netherlands, for instance, only recently implemented it because it needed to make sure that consumers’ personal data will remain protected, as payments in the region are mostly digital.

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PYMNTS

NOVEMBER 13, 2018

To that end, news came earlier this week in the United States that a dozen community and regional banks have formed a group aimed at exploring the opportunities amid FinTech offerings. Guidelines From The UK. The guidelines are being developed by the British Standards Institution, reports said last week. “We and MarketInvoice.

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PYMNTS

MARCH 6, 2018

s exit from the bloc next year, the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region. A “blueprint” that includes best practices and guidelines for setting up innovation hubs will be released by the final quarter of 2018 for regulatory “sandboxes.” exits the bloc in 2019.

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PYMNTS

MARCH 11, 2020

Regulators are passing stricter policies, as well as cracking down on anti-money laundering (AML), Know Your Customer (KYC) and sanctions noncompliance. 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.

Fraud 150

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PYMNTS

MAY 8, 2020

Supreme Court decision allowed sports betting in 2018 and inspired 2019 laws that govern the fledging industry in 10 states and set guidelines such as how online casinos can operate and how sports betting would be taxed. This year was expected to be lucrative for online sports betting as it is the first since those regulations were created.

Online 176

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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.

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PYMNTS

NOVEMBER 29, 2018

As evidence that sandboxes are ever-increasingly a global phenomenon, Kuwait’s central bank put forth guidelines this week that are geared toward companies seeking to meld financial technology (FinTech) and financial services (FinServ). The sandbox, Reuters reported, has four phases.

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PYMNTS

OCTOBER 28, 2019

Backed by investors including Rocket Internet, Vertex Ventures, MDI Ventures and Fullerton Financial Holdings, InstaReM is currently regulated in the U.S., They are solving the FinTech acceptance problem in an entirely new way through 10 pivotal markets in the Asia-Pacific region. Amazon Taps Into Bill Payments With Alexa.

Payments 101

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PYMNTS

JULY 4, 2018

The news comes as the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region as the EU prepares for the U.K.’s A “blueprint” that includes best practices and guidelines for setting up innovation hubs will be released by the final quarter of 2018 for regulatory “sandboxes.”

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PYMNTS

APRIL 30, 2018

During the exchange, lawmakers raised the specter of regulating Facebook — which boasts more than 2.2 similar regulations are already being put to the test in other regions around the world. While such a move might be unprecedented in the U.S., Among the most significant GDPR components is the need for enhanced authentication.

Data 119

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PYMNTS

MAY 30, 2016

CHAPS payment scheme in 2015 , and the infrastructure is used primarily for corporate treasury payments , according to the latest data from UK Payment Markets 2016.The Wells told reporters that it has its own guidelines to asses whether it will lend to a business or not. trillion worth of payments passed over the U.K.

Analysis 100

Analysis America Guidelines Lending 100

PYMNTS

JANUARY 31, 2019

George’s company, WellCity, marketed itself as a social media network for the health and wellness marketplace run out of Brentwood, Tennessee. They’re on the hook with regulators should something go wrong, after all. Funding platforms seek to bridge the gap between these parties and make the processes as safe as possible.

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FICO

MAY 24, 2022

We are committed to increasingly improving the management of social and environmental factors in our businesses and in supporting the market in the same direction, helping our customers in the transition to a less carbon-intensive economy and more resilient to the climate change impacts.”. Every financial firm will need to change.

Analytics 52

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PYMNTS

JULY 16, 2018

That market, according to one account , is “expected to be worth billions of euros and will generate new revenue streams for telecoms operators and equipment makers.”. The countries underscored the seriousness of their bets on 5G by promising regulations and investments that will support the technology. Wi-Fi Favor.

United States 130

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PYMNTS

AUGUST 19, 2016

Its ranking as the world’s second largest economy has made it a hotspot for many global banking and financial firms looking to set up regional headquarters. Japan’s Financial Services Agency (FSA) announced its own plan to boost the FinTech market by making it easier for companies to collaborate with the financial technology industry.

Fintech 100

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CFPB Monitor

MAY 10, 2019

Bureau Research, Markets and Regulations Associate Director David Silberman moderated the discussion that followed and External Affairs Policy Associate Director Andrew Duke provided introductory remarks.

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PYMNTS

APRIL 6, 2018

There are a number of very interesting target markets, because no matter what city you are in, they want bikes as opposed to cars.”. As of the announcement, Mobike has 7 million bikes in 180 cities worldwide and controls an estimated 70 percent of the Chinese bikesharing market. billion, according to South China Morning Post.

Apple 100

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FICO

SEPTEMBER 29, 2020

Across all markets, regulation moved quickly around payment holidays and moratoriums for both the consumers and SMEs. The payment holidays didn’t follow the traditional forbearance guidelines, as almost everyone qualified. Topic 1: What blind spots do you have in your customer risk and treatment profiling? Invention or Adoption?

Management 87

Management Analytics Data System 87

CFPB Monitor

APRIL 29, 2015

The Team is described as “partnering” with the CFPB’s Office of Fair Lending and different regional offices. The CFPB states that in 2014, it identified mortgage lending and auto finance as key priorities for fair lending supervision and enforcement. .”

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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. these programs appear to have remained the same in most markets.

Innovation 245

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PYMNTS

DECEMBER 17, 2019

Open Banking is making its rounds across the globe as regulators embrace financial services industry competition, and as financial services players — both banks and FinTech firms — recognize their market opportunities by embracing data sharing.

Metro 136

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FICO

DECEMBER 9, 2019

As I think about predictions for next year in debt management for Europe and the UK, there are three big concerns: Consumer indebtedness has not abated at all and has reached record highs in some markets. Most economic markets are on the verge of a downturn. Before I get to my predictions, let me explore each of these.

Analytics 52

Analytics Regional Strategy Regulation 52

Lars Markull

JULY 1, 2020

In the past three blog posts, we have described what is driving open banking, the history of Open Banking, and the current status of Open Banking in different regions. This is at the center of most Open Banking regulations and can be achieved with the right design and guidelines. . Nevertheless, it is still a long way to go.

Risk Management 69

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Lars Markull

JULY 1, 2020

In the past three blog posts, we have described what is driving open banking, the history of Open Banking, and the current status of Open Banking in different regions. This is at the center of most Open Banking regulations and can be achieved with the right design and guidelines.  Nevertheless, it is still a long way to go.

Risk Management 52

Risk Management Data Examples United States 52

Jeff For Banks

MARCH 29, 2014

The Bank offers a wide range of deposit services including demand deposits, regular savings accounts, money market accounts, individual retirement accounts, and certificates of deposit with fixed rates and a range of maturity options. We believe we can effectively compete as a community bank in our market area and the niche markets we serve.

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CB Insights

FEBRUARY 19, 2019

Regulation will be essential. Musk believes that proper regulatory oversight will be crucial to safeguarding humanity’s future as AI networks become increasingly sophisticated and are entrusted with mission-critical responsibilities: “Got to regulate AI/robotics like we do food, drugs, aircraft & cars. Jon Wolfsthal.

Technology 78

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PYMNTS

DECEMBER 19, 2016

Donald Trump and his administration could pull back on leveraged lending guidelines in the U.S., Ross, for example, is an old hand at the leveraged loan market, while Mnuchin is cofounder of OneWest, a regional bank. paving the way for banks to lend more to highly indebted companies and encourage more buyout deals.

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PYMNTS

NOVEMBER 15, 2020

European Union regulators may get new powers to ban internet companies that violate anti-competition rules, a top EU official told a German magazine, Reuters reported. Proposed new guidelines for regulating big internet companies in the region of more than two dozen countries are scheduled for public unveiling Dec.

Regulation 257

Regulation Guidelines Google Washington 257

PYMNTS

JUNE 18, 2019

They are being asked to contribute their collective experiences in operating global, regulated payments and financial services networks to shape Libra’s charter and frame its governance structure. Facebook says that it is currently in discussions with regulators, who they claim, are eager to engage in conversations with them about it.

Payments 246

Payments Regulation blockchain cryptocurrency 246

Independent Banker

FEBRUARY 16, 2015

Community banking priorities of reducing regulatory burden and institutionalizing tiered regulation, as well as addressing the risks and market distortions created by too-big-to-fail institutions are likely to rank high on Shelby’s and Brown’s legislative goals for the new Congress. “In He’s a free-market conservative,” Lynch says.

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