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

MAY 22, 2020

The Official Monetary and Financial Institutions Forum (OMFIF) unveiled the debut of its Digital Monetary Institute, Cointelegraph reported. The think tank’s founding members encompass financiers, policymakers, regulators and technologists in addition to select firms such as Cypherium.

Regional 161

Regional Bitcoin cryptocurrency National 161

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

JUNE 9, 2020

The EU enacted open banking rules in 2018, inspiring regulators worldwide to reconsider how they were transacting funds or transmitting data. The COVID-19 pandemic’s impact on daily business has generated new questions surrounding these initiatives that regulators are now scrambling to answer. and the EU. Australia and Canada.

Regulation 132

Regulation Online California Regional 132

PYMNTS

NOVEMBER 16, 2018

The shift could possibly cause payments to move underground and particularly impact nations that are dependent on remittances, Reuters reported. But the checks by banks help to quell these kinds of violations, so the situation has caused frustration for regulators. 16) that the practice still fell in popularity in 2017.

Regulation 190

Regulation National Survey Regional 190

TheGuardian

NOVEMBER 30, 2022

A new report by the Australian Prudential Regulation Authority (Apra) found climate change could make banks more vulnerable to economic downturns as they face up to a threefold increase in lending losses by 2050, but that the system should be able to absorb the impact.

Lending 74

Lending Regulation Regional Industry 74

PYMNTS

MAY 31, 2020

Uber has been approved by the National Economic Prosecutor’s Office (FNE), Chile’s antitrust regulator, to acquire the Chilean grocery shopping app Cornershop, according to an FNE statement. FNE made the approval “without conditions,” according to a Reuters report.

Regulation 130

Regulation Online Retail Regional 130

PYMNTS

JUNE 4, 2019

China’s community banks are raising new fears over the health of the industry after auditor Ernst & Young resigned from its work with regional bank Bank of Jinzhou. Reports said the decision for EY to quit is the latest event to raise concerns over China’s community banking sector. For Bank of Jinzhou, that means $1.2

Regional 100

Regional Community Bank Community Policies 100

PYMNTS

JULY 24, 2020

The July Payments Powering the Platform Economy Report examines how international eCommerce platforms work to create transaction experiences that are compelling and secure for users in each market they serve. Find more about these stories and the rest of the latest headlines in the Report. Get the full story in the Report.

Compliance 152

Compliance Report Payments Security 152

PYMNTS

NOVEMBER 23, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from regulators around the world. EU Auditors: European Commission Needs To ‘Scale Up’ Regulation. New Digital Regulations Could Let EU Ban Tech Firms. 34 States Unveil $113M Settlement Against Apple For Alleged iPhone ‘Throttling’ .

Apple 193

Apple Regulation social media Compliance 193

Abrigo

MARCH 8, 2024

In 2023, reported fraud losses surged to over $10 billion, a 14% increase from 2022, despite a similar number of cases being reported at 2.6 billion in losses reported. The total loss attributable to wire transactions was $344 million, as described in 42,729 reports to the FTC. Investment scams were #1, with over $4.6

Fraud 195

Fraud Technology Trends Training 195

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

JANUARY 17, 2020

The European Commission is due to unveil the paper next month, and what Bloomberg reported on will likely not be the final version. Critics say that stringent data protection laws like the EU’s could hinder innovation around AI, but EU officials say they want to harmonize and streamline rules in the region.

Regulation 131

Regulation Regional Technology Innovation 131

Abrigo

JANUARY 3, 2024

Takeaway 3 Financial institutions with a suspected human trafficking, drug trafficking, or arms trafficking transaction should not hesitate to file a Suspicious Activity Report. financial system, and regulators will expect it. In 2022, NIDA reported that 109,680 people died as the fentanyl crisis deepened. and Mexico.

United States 221

United States San Antonio Training Fraud 221

PYMNTS

MARCH 25, 2020

in the wake of the coronavirus crisis, a proposed merger between Amazon and Deliveroo is under even more scrutiny, according to a report by Bloomberg. The main concern is that the proposed mergers and investments will ultimately hurt competition in the region. As food delivery companies are surging in the U.K.

Regulation 130

Regulation Regional Maine How To 130

PYMNTS

MARCH 22, 2019

The Financial Supervisory Authority (FSA) in Norway said that several banks didn’t make sufficient anti-money laundering assessments in 2018, according to a report by Reuters. The FSA released its annual report on Friday (March 22) listing all the banks that had been inspected, but it didn’t say which institutions had the issues.

Regulation 139

Regulation Regional Maine Report 139

PYMNTS

AUGUST 6, 2020

Solving this issue is critical, though, as retailers that rely on numerous payment service providers (PSPs) to enable regionally specific payment gateways risk losing consumers who experience frictions. These include everything from transaction success rates to currency exchange rates to local or regional security regulations.

Report 159

Report UX Regional Retail 159

American Banker

NOVEMBER 10, 2023

In its biannual report on supervision and regulation, the Federal Reserve Board noted an uptick in governance issues with large banks. Regional and community banks, meanwhile, were plagued by IT problems and risk management struggles.

Risk Management 87

Risk Management Community Bank Regional Community 87

PYMNTS

JANUARY 30, 2020

With a “merger of equals” that resulted in the formation of Truist Financial Corporation early last month, the financial services firm reported fourth-quarter results that reflected the “heritage” of BB&T before the merger and both BB&T and SunTrust from the merging closing date forward. The merger was completed on Dec.

Regulation 141

Regulation Regional Capital Branding 141

PYMNTS

MAY 19, 2017

Even as some countries move away from physical currency in favor of more modern payment methods, demand in larger nations means the Asia-Pacific region is still clinging to cash. With China and India driving economic growth, countries in the Asia-Pacific region are estimated to spend some $8.1 trillion in cash in 2020, marking a 7.5

Report 136

Report Regional Analysis Payments 136

PYMNTS

FEBRUARY 27, 2019

European Union lawmakers released a report on Wednesday (Feb. 27) recommending that the EU create a police unit dedicated to the investigation of tax and financial crimes, as well as a watchdog organization to fight money-laundering, according to a report by Reuters. It cited Luxembourg, Belgium, The Netherlands and others as examples.

Report 152

Report Taxes Maine Regional 152

PYMNTS

OCTOBER 11, 2018

The People’s Bank of China has announced new anti-money laundering (AML) and counter-terrorism financing regulations for online financial institutions (FIs). China isn’t the only region dealing with these issues. According to Reuters , the new rules — which take effect on Jan.

Regulation 108

Regulation Online Bitcoin Guidelines 108

Bobsguide

OCTOBER 16, 2018

When the Financial Stability Board (FSB) published its guidelines to national and regional regulators to encourage greater oversight into financial markets, even they couldn’t foresee the deluge of rules and compliance requirements those regulators would begin to craft. In Europe, the most.

Guidelines 115

Guidelines Report Data Regional 115

PYMNTS

MAY 22, 2018

A bill that would give regional banks a break on regulation was before the U.S. That change would become effective 18 months after the bill is enacted — though the SIFI designation immediately lift for banks with assets under $100 billion, according to a Height Research report by Ed Groshans, senior vice president at the firm.

Regulation 100

Regulation Regional Community Innovation 100

PYMNTS

NOVEMBER 10, 2020

Such a move would see the United Kingdom exit the European Union and abandon the financial regulations that are in place in the region, and some FIs that have served both markets are now withdrawing to serve one or the other.

Report 216

Report Fintech United States Meeting 216

PYMNTS

SEPTEMBER 21, 2020

In a bit of high-tech saber-rattling, Facebook is threatening to pull the plug on its social media platform in the European Union if a controversial decision by Irish regulators is allowed to stand. That could prove to be “immensely complicated,” the Times reported, and likely highly expensive. “A according to Metro. government.

social media 230

social media Data Metro United States 230

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

PYMNTS

OCTOBER 16, 2019

s competition regulator, said it has officially launched a probe into Amazon ’s investment into restaurant takeaway company Deliveroo. Reuters reported there’s a deadline of Dec. Deliveroo said it will bring its focus to other markets across Europe and the Asia-Pacific region.

Regulation 108

Regulation Regional Operations Marketing 108

PYMNTS

OCTOBER 12, 2018

Amid the headlines detailing the billions of dollars in money laundering done through conduits like Danske Bank and Deutsche Bank, among others, a report shows that the problem is a global one — and that it is getting worse. The Basel report notes that there is no country with a “zero” risk of such illegal activities.

Report 188

Report Course Trends Data 188

PYMNTS

AUGUST 11, 2020

This includes Dutch digital-only challenger bank Knab as it attempts to shore up its solutions to comply with the European Union’s Strong Customer Authentication (SCA) regulation. Other FIs are tapping emerging technologies to give their onboarding processes the speedy yet secure edge they need to entice consumers to complete them.

Report 247

Report Guam Hawaii Security 247

PYMNTS

OCTOBER 14, 2020

MercadoLibre , which operates platforms for buying and selling goods across Central and South America, is eyeing an investment in Brazil next year that would be even bigger than its $716 million investment this year, Bloomberg reported. However, it is not simply a technology or a regulation. million on a peak day last year.

United States 260

United States America Regulation Regional 260

PYMNTS

JUNE 20, 2016

While CEO Tim Cook has been visiting China recently to smooth issues over, the dispute now between Apple and regulators in China centers around a patent dispute between Apple and one Chinese company. According to reports on the matter, Beijing’s intellectual property authority said the iPhone 6/6 Plus infringed upon a patent.

Regulation 101

Regulation Apple Regional Online 101

PYMNTS

DECEMBER 5, 2017

Data management is becoming an increasingly pressing concern for most financial institutions, as bank regulations continue to shift around the globe, according to new research. Regulation over data management is similarly a rising concern for banks, with 60 percent citing achieving data requirements as their top compliance hurdle.

Regulation 100

Regulation Management Data Survey 100

Bank Innovation

MARCH 2, 2018

The 16 registered cryptocurrency exchanges currently operating in Japan will soon form a self-regulating body, after a $530 million heist of digital coins in the region led to investor concerns, Reuters reported today.

cryptocurrency 199

cryptocurrency Regional Regulation Operations 199

Perficient

OCTOBER 5, 2023

Excellence in Governance: Dana- Farber Cancer Institute Leaders of the Pack- Financial Services: UBM Regional Excellence- North America: Mecklenburg County These three projects have earned the distinction of being finalists for the remarkable digital experiences they provide their visitors. Strict industry regulations posed a challenge.

User Experience 221

User Experience Regional America Tools 221

PYMNTS

MARCH 14, 2019

The head of the Financial Supervisory Authority (FSA) in Finland has warned that Nordic banks involved in money laundering scandals should be measured in their response and not withdraw from the area, according to a report by Bloomberg. Lenders in the region stayed and weathered the storm, and then were rewarded when the economy bounced back.

Regulation 122

Regulation Regional System Capital 122

PYMNTS

DECEMBER 4, 2018

The agencies, in tandem with the Financial Crimes Enforcement Network (FinCEN), said they “recognize that private sector innovation” that builds on existing tools or embraces new technologies can help banks identify and report money laundering , terrorist financing and other illicit activities. Senate Hearing on AML. financial system.”.

Innovation 161

Innovation Regulation Compliance Idaho 161