PYMNTS

AUGUST 28, 2020

As Uber Technologies Inc. Bloomberg News reported that Transport for London (TfL) will stay neutral and let the court decide whether Uber can operate in its biggest European market. Citing that Uber was unfit to hold a license, TfL suspended the company’s operations last November.

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PYMNTS

MARCH 3, 2020

The blockchain for the Marshallese sovereign (SOV) digital currency will be developed with Algorand technology, according to an announcement. Algorand created a permissionless, open source and pure proof-of-stake blockchain technology. The supply of SOV will be set to increase at 4 percent yearly to stop inflation from occurring.

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ATM Bitcoin National Miami 168

PYMNTS

NOVEMBER 2, 2020

Here’s the latest news from Google and the technology industry, which is coming under increasing global scrutiny from regulatory watchdogs, consumers and organizations. UN Committee Indicates Support For Initiative To Tax Big Tech In Developing Nations. streaming company to pay taxes, Techwire Asia reported. Regulation.

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Taxes National Regulation Google 212

Abrigo

MAY 8, 2024

WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. Nevertheless, understanding the technology is crucial. Even if a financial institution isn’t yet using the technology, it can learn from peers.

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Examples Fraud Resources Risk Management 221

PYMNTS

SEPTEMBER 14, 2020

operations Sunday (Sept. 13) days before President Donald Trump threatened to shut it down, The Wall Street Journal reported. TikTok’s parent company, rejected Microsoft’s offer, the newspaper reported based on anonymous sources. Oracle is set to be named as TikTok’s “trusted technology partner” in the U.S., Oracle Corp.

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Report Video Seattle Washington 189

Bank Innovation

NOVEMBER 10, 2017

The National Bank of Australia (NAB) will create 600 new technology jobs. According to reports, […]. This announcement comes just a few weeks after the bank said it was cutting 4,000 jobs.

National 191

National Industry Fintech Technology 191

PYMNTS

OCTOBER 8, 2020

one of the biggest payments processors in the world, one of the top 3 banks in Brazil, one of the big four banks in Australia, the largest national card processor in Europe, and several others),” according to the release. The deals sometimes concerned big players, including “some of the largest and most innovative companies in the world (e.g.

Report 247

Report Fraud Risk Management America 247

Perficient

AUGUST 16, 2023

A rather small bank, as of the end of its first quarter, the bank reported $139 million in total assets and $130 million in total deposits in its FDIC Call Report. Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. bank to fail this year.

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United States Kansas FDIC Risk Management 221

PYMNTS

JANUARY 19, 2021

With more financial institutions (FIs) turning to external third-party FinTechs to strengthen their small- to medium-sized business (SMB) and corporate offerings, the collaboration model is proliferating across national borders. National Australia Bank Chooses Eedenbull. ICICI Adds AlignBooks Technology. BNL Goes Live With Tink.

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Fintech National Groups Tools 341

PYMNTS

MAY 20, 2020

In other news, France has become the first nation to test out a blockchain-operational digital euro with successful results, Banque de France announced on Wednesday (May 20). The institution noted per the report that it tried out a central bank digital currency (CBDC) sale of securities in mid-May.

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Bitcoin blockchain Operations cryptocurrency 131

PYMNTS

DECEMBER 10, 2020

This month’s Deep Dive examines how mobile and contactless payment options are poised to reshape the corporate payments ecosystem as well as how virtual cards can help businesses adapt their operations to the digital-first payments ecosystem that has emerged. . Reshaping Business Payments . Much of the U.S.

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Operations Payments Cards Mobile 192

PYMNTS

JUNE 5, 2020

Citi ‘s Treasury and Trade Solutions (TTS) customers have increased their utilization of the firm’s digital banking technology, while firms globally implemented continuity plans and telecommuting to stay in operation amid the pandemic. million this March from 3.7 million in the same month last year.

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Report Online National Taxes 132

PYMNTS

MARCH 6, 2018

Citigroup is gearing up to launch a digital consumer bank that will be national in scope and will arrive within the next three years. As it stands now, Citigroup operates branch offices in only six large cities in the U.S. but has credit cards that are used around the country. better than the Street. Its top line was up 1.4

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National Digital Banking Conference Texas 135

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

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PYMNTS

JULY 30, 2020

In today’s top news, Enova will purchase OnDeck in a $90 million stock and cash deal, and PayPal reported record second-quarter earnings. Report: India’s National Payments Corp Vulnerable To Security Breaches. National Payments Corp. Enova To Buy OnDeck In $90M Stock And Cash Deal.

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Report Payments National Maine 133

PYMNTS

FEBRUARY 20, 2019

Blockchain is increasingly being separated from cryptocurrency, with an eye toward disparate use cases — some done at the national level. To that end, reports came this week that Germany has put a consultation and commentary period in place that will focus on blockchain, with a goal of having a strategy outlined by the summer, Reuters said.

National 161

National blockchain Cleveland cryptocurrency 161

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.

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PYMNTS

DECEMBER 3, 2018

In addition, Trinity Technology has reportedly received an operational license for mobile money in South Sudan , and Thailand’s Bangkok Bank (BBL) is predicting that 90 percent of transactions will be completed by mobile apps over the next three years. . Welcome to The Axis, your late look at payments news from around the world.

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Mobile Technology National ATM 116

PYMNTS

DECEMBER 2, 2019

Consider the fact that, as estimated by CipherTrace’s third-quarter report for 2019, the total volume of fraud tied to crypto shows losses in the range of $4.4 Looking at theft done through the exchanges, it might seem to be getting a bit better: The CipherTrace report noted that the total bilked from crypto exchanges, at $15.5

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Fraud Report cryptocurrency National 130

PYMNTS

JULY 1, 2016

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. Startups are estimated to employ nearly 300,000 on the island nation. Singapore is poised to become the world’s first country to make the notion of a “Smart Nation” an actual reality.

National 133

National Training Bitcoin Samsung 133

PYMNTS

MARCH 23, 2017

based reporters during the dark days of Watergate more than 40 years ago. The maxim has stayed the same in the ensuing decades, but the technology has changed. But what happens when the prime mover behind the theft is an actual nation? Acting not against individuals, but another nation?

National 103

National New York System Operations 103

PYMNTS

JUNE 24, 2016

India led the competition with the most funding rounds, as investors supported the nation’s efforts to develop the digitization and sophistication of more traditional business operations: eProcurement, eInvoicing, logistics and supply chain management. market struggles with investor doubt and regulatory scrutiny. But the U.S.

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National Trends Lending Capital 100

PYMNTS

DECEMBER 10, 2019

Tencent’s WeBank , which is a digital bank in China that provides loans to individuals and small businesses, will be the technical infrastructure provider for China’s national blockchain network, according to a report by Coindesk. The BSN is made up of 14 members, and it was launched last week.

blockchain 148

blockchain Technology Bitcoin National 148

PYMNTS

NOVEMBER 23, 2017

New York Venture Bank, a new financial institution (FI) created by big names in the financial services industry, has applied for a national bank charter. FDIC), the news report noted the new bank will begin with $100 million in capital. According to a Wednesday (Nov. Citing documents filed with the Federal Deposit Insurance Corp.

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New York National FDIC Lending 100

PYMNTS

NOVEMBER 21, 2019

Since Ubisoft is already a leader in the games industry, and shows commitment to probe blockchain as a viable technology for games, we are very excited to be announcing our first cooperation of this kind with them,” said Nicolas Gilot, Co-CEO of Ultra, in a statement.

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Bitcoin blockchain Report Payments 130

PYMNTS

FEBRUARY 27, 2020

The restaurant business is: a) healthy for 2020 or b) apprehensive about technology. The 2020 outlook report from the National Restaurant Association was released today and it paints a picture of an industry dealing with the countercurrents of solid consumer spending and disruptive technology. All of the above.

Rhode Island 151

Rhode Island National social media Arizona 151

PYMNTS

NOVEMBER 30, 2020

Digital banking firm Emirates National Bank Dubai (Emirates NBD) has rolled out its new businessONLINE platform, a new omnichannel platform for small businesses, a report from NSBanking.com says. The report says businessONLINE will work to "provide an all encompassing set of trade finance, cash and liquidity management solutions.".

Digital Banking 215

Digital Banking Regional System Technology 215

PYMNTS

JULY 1, 2020

The Office of the Comptroller of the Currency (OCC) said in a report this week that it will examine how the coronavirus is impacting compliance by financial institutions (FIs). As noted in this space last month, Brian Brooks, acting Comptroller of the Currency, said in letters to the National League of Cities, U.S. banking system.

Compliance 166

Compliance National Fraud Operations 166

PYMNTS

FEBRUARY 8, 2018

A 2016 survey by the Association for Financial Professionals (AFP) reports 62 percent of respondents anticipated faster payments would have a somewhat or extremely positive impact. banks before it can become interoperable with other nations’ schemes, according to Art Brieske, head of faster payments at JPMorgan Chase.

National 109

National Payments System Marketing 109

PYMNTS

NOVEMBER 7, 2018

According to a report, the bank in “recent weeks” has been sent a “regulatory warning” from the U.S. Office of the Comptroller of the Currency (OCC) regarding the financial institution’s “technology operations.”. The database was mostly encrypted, but certain data sets might have included readable data.

National 128

National Retail Branding Data 128

PYMNTS

APRIL 23, 2019

Dotted along the dots to connect in the Mueller report lie several mentions of bitcoin, and how the virtual currency was used by Russian individuals and groups to try to impact the 2016 election. No, you still cannot easily buy a cup of coffee with bitcoin. But it turns out you can use the cryptocurrency in an effort to sway an election.

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Report Bitcoin US cryptocurrency 115

PYMNTS

SEPTEMBER 25, 2020

Reuters reported the U.S. has asked a federal judge to temporarily stop President Donald Trump’s executive order prohibiting the popular app over national security concerns. The news service reported U.S. operations. company, TikTok Global, which will own most of the app’s operations around the world. Oracle Corp.

District of Columbia 212

District of Columbia Video social media National 212

Abrigo

JANUARY 22, 2024

Takeaway 2 Examiners' focus is on risk management related to products and services , especially those involving complex technologies like AI. billion in losses globally last year, according to Nasdaq’s  2024 Global Financial Crime Report. For Procedures should address both detection and reporting methods.

Fraud 221

Fraud Training Risk Management Software 221

PYMNTS

JULY 31, 2017

In fact, the federally backed National Credit Union Administration (NCUA) reported credit union membership grew by 4.3 If these challenges are successful, the results could significantly change how credit unions operate and innovate to serve their members. Is the credit union market ready for its close-up?

Report 114

Report Innovation Regulation National 114

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

NOVEMBER 3, 2020

million in royalties for infringing on VirnetX 's patented virtual private network (VPN), according to a Cult of Mac report. 11, 2010, alleged that Apple’s FaceTime and VPN On Demand features were using its patented technology. Over the years, VirnetX won various monetary awards, all of which were appealed by Apple, the report stated.

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Apple Nevada Texas Maine 226

PYMNTS

DECEMBER 18, 2020

Financial resources will be harnessed to keep growing operations, help with research and development and power additional artificial intelligence (AI) technologies, while the company also said it will go after inorganic growth opportunities, the release stated. Zenoti said it fuels over 12,000 companies in more than 50 nations.

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Capital Company Washington Resources 192