Perficient

DECEMBER 22, 2023

Positive Aspects of AI in Financial Services As noted by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques, have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

Risk Management 221

Risk Management Compliance Fraud Regulation 221

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

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. A reckoning is coming for the biggest digital platforms.”.

Regulation 134

Regulation Google Policies Meeting 134

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 91

Operations Policies System Regulation 91

PYMNTS

FEBRUARY 17, 2020

increased regulation over content delivered online through platforms may be on the horizon. This past week, Britain’s federal government said its media regulator, known as Ofcom, would be given new oversight to monitor and regulate material posted on the web by companies such as Facebook, Google and Twitter. In the U.K.,

Regulation 140

Regulation Google Operations Company 140

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.

Regulation 147

Regulation Fintech Community Bank Community 147

PYMNTS

JUNE 14, 2019

Google CEO Sundar Pichai pushed back against talk of regulating tech companies, saying that the move could have unintended consequences, according to a report by CNBC. “I I worry that if you regulate for the sake of regulating it, it has a lot of unintended consequences,” Pichai said. So we have to balance both.

Google 108

Google Regulation Comparison Leadership 108

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. The letter states that the OCC.

National 113

National cryptocurrency Risk Management Regulation 113

Cisco

JULY 12, 2022

Regulatory requirements are a key operational concern that we hear about from our financial customers. As a key provider of technology for mission-critical financial system infrastructures across the globe, Cisco is held to the highest levels of scrutiny in the financial services regulatory audit chain. In the U.S.

Regulation 71

Regulation FDIC System Software 71

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

PYMNTS

AUGUST 28, 2019

Kadena’s existing blockchain clients include $3 billion asset manager USCF Investments, healthcare technology company Rymedi, and leading Latin American technology business Alteum, as well as one of the world’s top 100 largest banks, and Fortune 500 companies. “In

Policies 116

Policies National cryptocurrency Bitcoin 116

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

Regulation 349

Regulation National System Industry 349

Insights on Business

JULY 11, 2018

Technological innovation is a reality that is impacting every facet of society. Technological innovation is a reality that is impacting every facet of society. No area of human endeavour from retail, to transportation, to banking has not seen some form of disruptive technology replace the long-established modus operandi.

Technology 185

Technology Innovation Operations Compliance 185

PYMNTS

OCTOBER 21, 2020

The EBF represents the vast majority of the European banking sector through its membership, spanning 32 national banking associations from across Europe, which in turn encompass more than 3,500 banks. The banking sector has always been driven by technology, said Maniati, and the cloud can help underpin that resilience.

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

MARCH 19, 2018

In an interview with The Financial Times , Sarker said Mastercard would be willing to facilitate if the coin in question was a national cryptocurrency that was legitimate and was used as a national digital currency issued by central banks. “If We are not operating trading of bitcoin through the Mastercard network,” Sarker said. “[The

National 103

National cryptocurrency Bitcoin blockchain 103

PYMNTS

SEPTEMBER 29, 2020

Plus, a London judge has reinstated Uber Technologies Inc.’s s license to operate. Following an experimental effort at one British store, ALDI said it intends to grow its “click-and-collect” eCommerce grocery pickup offering to 15 stores throughout the nation. A judge in London reinstated the license of Uber Technologies Inc.

Payments 189

Payments Regulation Capital Online 189

PYMNTS

JUNE 17, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

Google 142

Google National Fintech Regulation 142

PYMNTS

JUNE 29, 2020

Valdis Dombrovskis , the EU’s executive vice president of the European Commission for an Economy that Works for People, told attendees of the Digital Finance Outreach 2020 , a series of events for the 27-nation bloc on financial technology companies, that Europe must become the leader in crafting rules for digital finance.

cryptocurrency 221

cryptocurrency Regulation Bitcoin Maine 221

PYMNTS

MAY 22, 2017

That depends, says counterterrorism and cybersecurity expert Richard Clarke, on what companies, banks and regulators are willing to learn from the incident. s National Health Service. s National Health Service. To date, more than $80,000 in bitcoin payments have been made so users could access their files again.

Regulation 116

Regulation National Online System 116

PYMNTS

NOVEMBER 15, 2020

The BoE is among the global regulators looking at how to deal with digital currencies, which have become more of a clear prospect for the near future as the pandemic keeps people away from physical spaces. He said it has "huge implications" on payments as well as the general way society would operate.

Innovation 259

Innovation National Regulation Report 259

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. The subsequent regulatory activity in response to these events focused on operational risks. Cyber risk is the largest and fastest growing operational risk within financial services.

Risk Management 118

Risk Management Management Cyber Security Handbook 118

PYMNTS

SEPTEMBER 28, 2020

A London judge reinstated Uber Technologies Inc. 's s license to operate on Monday (Sept. 28), ending a 10-month fight between the ride-hailing company and regulators, The Wall Street Journal reported. This decision is a recognition of Uber’s commitment to safety,” the company said.

Regulation 150

Regulation Groups Data Operations 150

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. Are you following current regulations? We asked questions about their safety.

National 52

National Industry Lending Strategy 52

PYMNTS

AUGUST 17, 2020

California lawmakers are moving quickly to create a financial watchdog agency as a new department of their state government, as the coronavirus pandemic accelerates financial crime across the nation. The Federal Reserve is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing a digital currency.

California 148

California Massachusetts Apple Fraud 148

PYMNTS

NOVEMBER 3, 2020

11, 2010, alleged that Apple’s FaceTime and VPN On Demand features were using its patented technology. VirnetX, for its part, addressed the “troll” accusation head-on in a company blog post that explained how its technology “made a genuine contribution to U.S. national security.”. "On The original lawsuit , filed Aug.

Apple 226

Apple Nevada Texas Maine 226

PYMNTS

OCTOBER 19, 2020

Here’s the latest news from Amazon and the technology industry, which is coming under increasing scrutiny from regulatory watchdogs, trade organizations and politicians globally. Regulation. The new regulations would also reshape the manner in which these companies collect and harness information. a London news outlet, reported.

Taxes 143

Taxes Compliance Regulation Google 143

PYMNTS

APRIL 9, 2019

According to a report in Reuters , citing China’s state planner, the National Development and Reform Commission, the agency is facing mounting pressure from the government to control the cryptocurrency market and as a result, may move to ban bitcoin mining. The list was first made back in 2011, noted the report.

Bitcoin 187

Bitcoin cryptocurrency National Regulation 187

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

FEBRUARY 7, 2020

The National Payments Corporation of India (NPCI) provided the firm with permission to put WhatsApp Pay into operation in a phased manner, The Business Standard reported. . Increased adoption of mobile technology has set the stage for digital payment adoption, as has India’s broadly publicized demonetization efforts.

Mobile 267

Mobile Compliance Payments National 267

Payments Source

DECEMBER 20, 2018

The Office of the Comptroller of the Currency has gotten the ball rolling for financial technology firms trying to operate a national platform, but the FDIC and Federal Reserve should act to remove other policy roadblocks.

FDIC 62

FDIC Regulation Fintech Policies 62

PYMNTS

NOVEMBER 7, 2018

Office of the Comptroller of the Currency (OCC) regarding the financial institution’s “technology operations.”. According to a report, the bank in “recent weeks” has been sent a “regulatory warning” from the U.S. Louis Vuitton Does Cross-Border Payments, Connects t o SWIFT v ia FIS.

National 128

National Retail Branding Data 128

PYMNTS

DECEMBER 10, 2020

the ability to send secure funds to 12 countries in Africa for a reduced fee, while Volante Technologies Inc. and Europe the ability to send secure funds to 12 nations in Africa for a reduced charge. Volante Technologies Accelerates Market Convergence For Santiago Exchange. Volante Technologies Inc., Canada, U.K.

Payments 178

Payments Google Technology Taxes 178

Perficient

NOVEMBER 22, 2022

Members of the Army and Air National Guard, provided they have been called to respond to a national emergency and their period of active duty is more than 30 days in a row. Active duty commissioned officers of the Public Health Service or the National Oceanic and Atmospheric Administration. All active-duty Reserve personnel.

National 275

National United States America Lending 275

PYMNTS

FEBRUARY 24, 2020

billion-strong, high-spending consumers and their willingness to adapt to new technologies, trends and products may represent the economy of the future for many banks and businesses, but it is notoriously difficult for firms to enter and compete in this market. Confronting the Chinese Privacy Myth .

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

SEPTEMBER 16, 2020

The solution comes on top of the technology firm’s array of offerings to bolster the GST compliance experience for companies in the country, according to a Wednesday (Sept. The nation isn’t the first to implement an eInvoice requirement as part of more widespread initiatives to cut reduce financial crime. 16) announcement.

Taxes 163

Taxes Compliance Software Resources 163

PYMNTS

FEBRUARY 7, 2020

The committee will listen to a few trade groups from automakers and technology companies, as well as a transit official from San Francisco and a few different safety advocates. Legislators have been working for years on legislation to get rid of the barriers that would allow the vehicles to operate freely on roads. Toyota Motor Corp.,

San Francisco 174

San Francisco Technology National Regulation 174