PYMNTS

OCTOBER 16, 2020

The Bank of Communications, Bank of China, Agricultural Bank of China, China Construction Bank and Industrial and Commercial Bank of China registered a minimum of 10 percent year-on-year declines from January to June. They’ve been asked to support the economy at the expense of their own operational strength.” .

Regulation 280

Regulation Lending National Marketing 280

PYMNTS

SEPTEMBER 12, 2019

There are many forms of nationalism. Ethnic nationalism. Cultural nationalism. Now comes cryptocurrency nationalism? Coindesk reported this week that, in the Netherlands, cryptocurrency firms based outside of Europe may “get the boot” amid new regulations. 10, 2020 if they wish to continue to operate there.

National 109

National cryptocurrency Policies Regulation 109

PYMNTS

NOVEMBER 9, 2020

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. Regulation. EU Gears Up To Propose New Big Tech Regulations. Australian Regulator Looks Into Merger Law Changes. Facebook’s WhatsApp To Grow Payments Service Following NPCI Go-Ahead.

Regulation 211

Regulation social media Compliance California 211

PYMNTS

MAY 6, 2019

The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial Services can move forward with a suit that looks to derail national bank charters for FinTech companies. The national licenses would let FinTechs lend money and paychecks to consumers. lakh (roughly $1.6

National 165

National Fintech New York Exercises 165

PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). However, the banking industry doesn’t like that one bit. “We Specific Concerns .

Regulation 349

Regulation National System Industry 349

PYMNTS

DECEMBER 18, 2019

The United Kingdom will create a technology regulator next year after Brexit is completed, according to a report by the Financial Times. There is an emerging international consensus around the scope of new regulation. Members of BEIS have been meeting with lawyers and different academics to determine how the regulator will operate.

Regulation 134

Regulation Google Policies Meeting 134

PYMNTS

SEPTEMBER 24, 2020

24), could put digital currency exchanges under one national structure, CoinDesk reported. In other news, the Ministry of Finance in Russia keeps advocating for digital currency industry rules through the introduction of new tax mandates, Cointelegraph reported. The Digital Commodity Exchange Act of 2020, which was proposed by a U.S.

National 121

National Report Taxes Bitcoin 121

PYMNTS

FEBRUARY 25, 2019

The Conference of State Bank Supervisors (CSBS) said earlier this month that it had put in place a set of action items to standardize the national experience of FinTechs and non-bank entities. We have formed a working group of state regulators to develop the model. Our FinTech industry advisory panel did include a few community banks.

Regulation 147

Regulation Fintech Community Bank Community 147

PYMNTS

MARCH 18, 2019

It’s been a whirlwind few weeks — OK, make that months — for big tech firms as regulators look ever more closely at business tactics. that are in place, the rationale behind each control’s selection, its maturity in adoption, and its effectiveness in operations.”. Privacy and Competition.

Regulation 159

Regulation social media Google Taxes 159

Abrigo

JUNE 12, 2023

The money transmitter industry is growing, spiked by advances in fintech and the consumer demand for immediate payment mechanisms. The act provided a single set of nationwide standards and requirements created by industry and state experts to create a common regulatory baseline across the country.

Compliance 195

Compliance Fraud Regulation Guidelines 195

PYMNTS

NOVEMBER 21, 2018

government is looking to find a way to regulate artificial intelligence (AI) so other countries can’t use the technology against it. To realize the full potential of AI for the American people, it will require the combined efforts of industry, academia, and government.”. A new proposal shows that the U.S.

Regulation 183

Regulation US Massachusetts Policies 183

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 93

Operations Policies System Regulation 93

Perficient

DECEMBER 27, 2023

Once published by regulators, Perficient’s Risk and Regulatory CoE will be here to walk our clients through the changes. YOU MAY ENJOY: Regulatory Reporting in Financial Services Modernizing CRA Regulations Managing compliance risk frameworks in alignment with existing risk profiles is crucial as customer needs evolve.

Compliance 221

Compliance FDIC Regulation Fraud 221

Abrigo

MAY 8, 2024

Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience. That’s equivalent to 9% to 15% of operating profits, the report notes.

Examples 221

Examples Fraud Resources Risk Management 221

PYMNTS

JANUARY 18, 2017

The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city. said Renard in the same press release.

ATM 100

ATM National New York City New York 100

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

Abrigo

JANUARY 13, 2023

national priorities. . Human smuggling is the facilitation, for financial or other material gains, of irregular entry into a country where the migrant is not a national or resident, according to the United Nations. How human smugglers operate. Takeaway 1 The southwest border is a hotbed for human smuggling.

social media 195

social media Training San Antonio National 195

PYMNTS

DECEMBER 26, 2019

The firm says its “investor base was spurred by the achievement of several industry firsts in the past year, with the inclusion of the planning and execution of the BitOoda Hash physical hashpower contract, the BitOoda Difficulty financial swap and growing business lines in next-generation financial solutions as well as advisory services.

Bitcoin 131

Bitcoin Branding Regulation National 131

CFPB Monitor

DECEMBER 8, 2022

As a result, a company that controls an institution that is not a BHCA bank is not required to register as a bank holding company with the Federal Reserve Board and, therefore, is not subject to regulation and supervision by the Federal Reserve Board. The bill is co-sponsored by Senators Bob Casey (D-Pa.) and Chris Van Hollen (D-Md.).

FDIC 78

FDIC Company Industry Regulation 78

CFPB Monitor

JULY 27, 2020

The OCC issued a letter last week stating that “a national bank [and a federal savings association] may provide. The letter states: Consistent with OCC regulations and guidance on custody activities, the risks associated with an individual account should be addressed prior to acceptance.

National 113

National cryptocurrency Risk Management Regulation 113

South State Correspondent

MAY 30, 2024

We work with well-known national CPA firms that specialize in working with banks specifically to claim their ERC tax rebate. Instead of just the revenue test, where most CPA firms focus, our approach targets the total or partial suspension of operations aspect of ERC eligibility. The 10% impact could be a combination of factors.

Georgia 195

Georgia Alabama New Jersey Taxes 195

PYMNTS

AUGUST 28, 2019

While our industry is accustomed to cryptocurrencies operating 24/7/365 (like email), fiat currencies have for the most part remained shackled to ‘banking hours’ or ‘business hours.’ The sheer volume of transactions makes this a national security threat,” the party wrote in a post on its website.

Policies 116

Policies National cryptocurrency Bitcoin 116

Abrigo

JULY 19, 2021

Takeaway 1 Human trafficking and human smuggling often intersect with the financial industry. Takeaway 2 After drug trafficking, human trafficking is the second-largest criminal industry in the world. According to the National Human Trafficking Hotline, 92% of human trafficking cases intersect with the financial industry.

Training 195

Training National Community Policies 195

PYMNTS

OCTOBER 21, 2020

The pandemic has shifted priorities in regulatory policy tied to the financial services industry — and for Europe, it is heralding the emergence of a data-driven economy. Maniati noted the transformation had been in place well before COVID and has stretched back over five years, but has seen some urgency in recent months.

Data 317

Data Regulation National Examples 317

PYMNTS

DECEMBER 12, 2016

9), Michigan became the first state in the union to pass statewide, comprehensive self-driving vehicle regulations that allow autonomous vehicles to drive … well, autonomously. As of now, only motor vehicle manufacturers can operate self-driving car networks in Michigan. On Friday of last week (Dec.

Michigan 100

Michigan Regulation Florida Apple 100

PYMNTS

APRIL 26, 2016

Bitstamp has stamped its name in the record books in the EU for being the first company of its kind to secure a national license to operate as a bitcoin exchange. The company was awarded a license by the Luxembourg government, which recognizes it as a fully regulated, licensed exchange. That included security reviews and audits.

Bitcoin 100

Bitcoin National Security Regulation 100

PYMNTS

APRIL 10, 2017

New York’s financial regulator had a bold claim to offer over the weekend — she claimed that other states should use New York’s sweeping cybersecurity rules as a model for how insurers must protect their networks from hackers. The New York regulation is a road map with rules of the road.”.

New York 110

New York Regulation Denver Guidelines 110

Cisco

JULY 12, 2022

Regulatory requirements are a key operational concern that we hear about from our financial customers. A number of our financial institution customers are regulated by multiple, and different, regulatory bodies. The 2021 Updates in the Architecture, Infrastructure, and Operations book. Operations and Operational Processes.

Regulation 71

Regulation FDIC System Software 71

PYMNTS

OCTOBER 3, 2017

Maxine Waters, the top Democrat on the House Financial Services Committee, issued a report last week suggesting that regulators might want to consider shutting down the scandal-ridden Wells Fargo. It added that Congress should consider passing laws that would require regulators to use these aggressive punishments.

Regulation 107

Regulation Exercises Washington National 107

PYMNTS

JANUARY 3, 2021

New legislation passed by Congress will implement new regulations on the antiquities trade in order to hopefully crack down on the possibility of money laundering or other crimes, The New York Times (NYT) writes. According to the NYT, regulators have worried in the past about the transparency of the antiquities trade.

Regulation 151

Regulation New York National Report 151

PYMNTS

JUNE 10, 2016

As a general rule, most startups aren’t too happy when the regulator comes around, and it is rarely indicative of good news. These days, however, Uber is spending its time, increasingly, in court and has even managed to allow things to break down completely in Austin such that it doesn’t operate there anymore.

Regulation 100

Regulation National Austin Fintech 100

CFPB Monitor

JULY 12, 2022

However, regulators themselves have been criticized for encouraging de-risking by driving highly risk-adverse decisions by FIs, who are unwilling to take the chance and assume the compliance costs of doing business with specific customers who may in fact be “legitimate,” but whose risk profile is deemed to be high due to their group affiliation.

Regulation 78

Regulation ATM Operations Policies 78

Independent Banker

MARCH 31, 2022

Here stood a group of experienced and passionate community bankers who have dedicated themselves to advocating for the industry they care so deeply about. The key is to demonstrate how additional regulatory burdens on the community banking industry will negatively affect the customers and communities we serve.

Community Bank 239

Community Bank Community Industry Texas 239

PopularBank

MAY 25, 2021

Popular Bank Senior Vice President and Director of National Healthcare Financing Andrew Boland joined fellow industry leaders for the Environmental Banker Association (EBA) panel discussion How COVID Changed Senior Living & Care Underwriting. Adaptability and client-first practices continue to drive industry resiliency.

National 52

National Industry Lending Strategy 52

Abrigo

FEBRUARY 6, 2024

The NCUA has emphasized the importance of considering the industries and loans the credit union plans to fund. It also recommends including projections related to loan pricing, operating expenses, and delinquency. How robust is your compliance program?

Lending 221

Lending How To Risk Management Policies 221

Cisco

JUNE 7, 2022

The past 20 years have visibly demonstrated the impact large scale events have on market, credit, and operational risks in financial services. This quickly metastasized into significant global credit risk for large institutions and became the biggest existential threat to the industry in more than a century.

Risk Management 118

Risk Management Management Cyber Security Handbook 118

PYMNTS

OCTOBER 30, 2019

Industry conglomerates like Kroger , Walmart and Amazon are driving innovation in the grocery space, embracing eCommerce and diving into the waters of supply chain and logistics innovation. Food is big business. Driving this shift is a wave of change in how consumers are buying food.

Industry 100

Industry Innovation Management Branding 100