PYMNTS

OCTOBER 20, 2016

3D Secure 2.0 ’s Built around the increasing popularity of mobile commerce, 3D Secure 2.0 On Wednesday, November 2nd at 1:00 PM (EST) join ecommerce advisors James Rendell, CA Technologies ; Paul Baker, Mastercard ; and Karen Webster, Market Platform Dynamics for a live digital discussion surrounding 3D Secure 2.0. Paul Baker.

Security 100

Security CA Cards Strategy 100

Chris Skinner

MAY 22, 2017

The post Things worth reading: 23rd May 2017 appeared first on Chris Skinner's blog.

Regulation 157

Regulation Security 157

PYMNTS

SEPTEMBER 12, 2019

Compliance failures are prevalent worldwide: Approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance between 2008 and 2018. billion — 91 percent — of those penalties, while European regulators demanded $1.7 Financial Companies’ Security And Regulatory Obligations .

Fraud 189

Fraud Fintech Compliance Regulation 189

Let's Talk Payments

AUGUST 9, 2017

In the aftermath of the 2008 economic crisis, financial services regulators introduced a number of new measures to safeguard both the integrity and security of the financial system.

Compliance 106

Compliance Industry Report Fintech 106

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions.

Regulation 122

Regulation United States Community Bank National 122

SWBC's LenderHub

JUNE 21, 2021

Regulatory technology, or RegTech, was developed in the wake of the FinTech revolution and has been continuously expanding since the financial crisis of 2008. Experts predict it will rapidly advance the regulatory landscape by offering technological compliance solutions for the highly regulated financial services industry.

Industry 78

Industry Compliance Regulation Technology 78

PYMNTS

JANUARY 23, 2020

A Wells Fargo regulator is planning to slap former company executives with civil charges associated with their position in its retail banking scandals, people familiar with the matter told Bloomberg on Thursday (Jan. The OCC’s investigation shows regulators that individuals will be accountable along with the company itself.

Regulation 131

Regulation Community Bank Community Security 131

BankInovation

APRIL 28, 2023

Silicon Valley Bank and federal regulators alike let poor management slide for several years — leading to the largest banking failure since 2008. SVB lacked board effectiveness, risk management and internal audits within its operations, and had 31 outstanding supervisory warnings when the bank collapsed in March.

Management 52

Management Risk Management Regulation Operations 52

PYMNTS

JULY 29, 2019

Glint Pay is an agent of Sutton Bank , and all of the accounts are regulated by the Federal Deposit Insurance Corporation. He said he got the idea for the business after the big financial crisis of 2008. Banks aren’t necessarily a secure place for your money,” he said. percent transaction fee.

Cards 191

Cards Colorado Denver Fintech 191

PYMNTS

APRIL 30, 2019

Cross River and RS2 understand that technology innovators demand regulated, secure payment solutions that address dynamic, ongoing changes in the marketplace,” said Cross River Senior Vice President, Public Affairs Phil Goldfeder. “In RS2 builds payment solutions for upwards of 14 million merchants.

Digital Banking 179

Digital Banking Payments Software Fintech 179

PYMNTS

FEBRUARY 4, 2019

A series of regulations was established to encourage a safer, more transparent financial services environment following the 2008 financial crisis. Money laundering remains a significant problem in the financial services sector, though, despite the urgency brought about by 2008. A DIY Approach To AML/KYC.

How To 161

How To Regulation Compliance Meeting 161

PYMNTS

NOVEMBER 5, 2018

Roughly a decade on, is it time to remove some of the rules governing the financial sector that took shape in the aftermath of the Financial Crisis of 2008? The rule stipulates that companies must have liquid assets such as Treasury securities on the books so that they can raise cash with speed during times of stress.

Regulation 128

Regulation Guidelines New York Groups 128

PYMNTS

JANUARY 24, 2019

A server running an Elasticsearch database contained sensitive data from as far back as 2008 that included loan and mortgage agreements, repayment schedules and other financial and tax documents. The database, which is believed to have been exposed for two weeks, was discovered by independent security researcher Bob Diachenko.

Taxes 155

Taxes New York Security Data 155

PYMNTS

DECEMBER 8, 2019

France, Spain and Switzerland have suffered due to Brexit, slowing economic growth, increasing regulations and the European Central Bank’s negative interest rates. million people, a fifth lower since 2008. Lenders across Germany, the U.K., The workforce at Europe’s 10 largest banks is down to 1.1 banks dropped about 7 percent.

Strategy 141

Strategy Regulation Regional Marketing 141

PYMNTS

JANUARY 9, 2020

The company has also seen pressure from Washington over the security of its technology, as all large companies in China are government-regulated. In other Apple news , the company has paid $155 billion to developers as of 2008. China is preparing for the Lunar New Year later this month, which is a huge gift-giving holiday.

Apple 130

Apple Washington Regulation Report 130

Bank Innovation

FEBRUARY 1, 2019

The 25% plunge -- the worst since July 2008 -- capped a tumultuous three days that shaved about €7.2 Wirecard AG fell the most in more than a decade on Friday after a report that a law firm found evidence of alleged forgery, the latest fraud allegations to beset the digital payments company. billion ($8.3 […].

Fraud 150

Fraud Report Payments Company 150

PYMNTS

MARCH 27, 2019

While regulators had transparency and financial security in mind when introducing more stringent requirements for banks following the global financial crisis, financial institutions faced a sudden surge in the burden compliance. From Burden To Opportunity.

Compliance 116

Compliance Data Regulation Analytics 116

PYMNTS

DECEMBER 7, 2017

The state of California’s insurance regulator is aiming to suspend or revoke the insurance licenses from Wells Fargo due to illicit sales practices with an online referral program. ” According to the report, the regulator said the unauthorized sales happened from 2008 through 2016. “We The OCC gave the bank until Nov.

California 108

California CA Regulation Policies 108

BankBazaar

APRIL 19, 2023

The SVB collapse marked the largest bank failure in 2008 financial. This can in turn cause a chain reaction of bank failures as other banks are forced to pay out depositors who have moved their funds to more secure institutions, leading to a broader financial crisis. What have the regulators done? Why did US banks collapse?

US 78

US United States FDIC Regulation 78

PYMNTS

JANUARY 30, 2019

They face the challenge of offering customers a smooth onboarding process while also remaining rigorous in know your customer (KYC) efforts, taking care to remain compliant with local anti-money laundering (AML) regulations that aim to keep criminals from using legitimate operations to move money illegally. About The AML/KYC Tracker.

How To 170

How To blockchain Compliance Regional 170

PYMNTS

SEPTEMBER 25, 2017

Add the Consumer Financial Protection Bureau to the list of federal agencies expected to punish Equifax for the massive security breach that exposed the personal data of around 143 million Americans.

Massachusetts 116

Massachusetts Security Regulation Data 116

PYMNTS

OCTOBER 15, 2020

The world saw this during the 2008-09 financial crisis, he pointed out, when fraud attempts doubled and, in some cases, tripled. Pointner noted that a crisis like COVID-19 has a way of bringing out the fraudsters who see chaos and consumer vulnerability not as problems, but as assets to be exploited.

Company 243

Company Fraud Compliance Course 243

PYMNTS

MARCH 6, 2019

ABN AMRO said it wasn’t involved in the Troika scandal because the branch named was sold to Royal Bank of Scotland in 2008. “We We are committed to combating financial crime and money laundering in line with our regulations, and have controls and safeguards in place to identify, assess, monitor and mitigate these risks,” RBS said.

Report 128

Report Regulation Groups Operations 128

Jeff For Banks

JUNE 2, 2023

Second, this can be accomplished only if the industry does not have too much influence over its regulators and if the regulators have the ability to hire, train, and retain qualified staff. Third, the regulators need adequate financial resources. My lesson learned to the regulators, read your past lessons learned.

FDIC 78

FDIC Community Bank Regulation Lending 78

PYMNTS

MAY 31, 2019

The 2008 financial crisis gave rise to the alternative lending market as a result of a massive gap in available capital, especially for small businesses and startups. The market’s creation was a spark that ignited a slew of disruptive changes for the small business financial services space. Earlier this month, the U.S.

Lending 130

Lending Regulation Capital Industry 130

PYMNTS

JULY 17, 2019

Historically, banks are taking a reactive approach to risk: reactionary measures were largely behind financial institutions’ pullback from the small business lending market following the 2008 global financial crisis, for example. On top of that balancing act is the rising pressure of regulatory compliance, too.

Data 130

Data Management Analytics Compliance 130

CFPB Monitor

JANUARY 21, 2021

Among the allegations made by the CFPB in the complaint are that 1 st Alliance: Had employees who were not licensed as mortgage loan originators in accordance with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and related state licensing laws regularly perform licensable activities.

Connecticut 78

Connecticut Lending United States Regulation 78

PYMNTS

APRIL 2, 2020

Mostly, they noted, what is happening is using the infrastructure of underwriting to create a reasonably secure pathway for SMBs with anti-money laundering/know your customer (AML/KYC) protection pre-built in. “If has ever seen or offered. And that, he noted, will cause some delays. Not yet,” Edwards noted.

Regulation 248

Regulation Lending Fraud US 248

PYMNTS

APRIL 12, 2017

Regulation A+ has made a mostly quiet splash on the market. Years in the making, the regulation was born from the JOBS Act, which was signed into law in 2012, with Title IV of the act — also known as Regulation A+ — enabling average joes to invest in companies seeking capital. This is very, very new.”.

Regulation 102

Regulation Lending social media Operations 102

PYMNTS

JANUARY 7, 2019

Biometrics promise to take a larger role in authentication security in 2019, helping to stop online fraud and bringing speed, efficiency and security to transactions ranging from QSR mobile-order ahead to airport car rentals. Illinois’ Role. for use of biometric data.

Illinois 161

Illinois Google New Hampshire Texas 161

PYMNTS

JULY 19, 2018

Traditional banks and other financial institutions are undergoing tremendous pressure right now to compete in an environment where they are faced with enormous scrutiny from government regulators looking to mitigate risk. Patent and Trademark Office earlier this month for a blockchain-based proof of payment technology.

Fintech 117

Fintech blockchain Technology Examples 117

PYMNTS

SEPTEMBER 9, 2016

According to the BBC , the lawsuit has to do with a 2014 ruling by the European Court of Justice, which found regulators were correct to condemn the cost of interchange fees — the fees retailers pay banks to process credit card transactions. consumers is for damages for the fees it charged from 1992–2008.

Cards 100

Cards Meeting Regulation Report 100

PYMNTS

MARCH 22, 2019

Biometric authentication capabilities built into smartphones allow users to secure the information related to these personas, too. The country’s national Aadhaar system has already issued unique 12-digit ID numbers to more than 1 billion residents since its launch in 2008, a figure that includes almost the entire Indian population.

National 150

National User Experience Cards Data 150

PYMNTS

MAY 12, 2016

office in London, revealed that back in 2008 secretive techniques and services were being offered to clients that would allow them to conceal assets. According to FT , no public or private action was taken against the bank by regulators after the information was disclosed. But as the FT’s reports showed, U.K.

Taxes 100

Taxes Fraud Regulation New York 100

PYMNTS

NOVEMBER 23, 2017

The end result is that companies outside China will be able to, eventually, control Chinese securities and asset management firms, insurance companies (through joint venture majority stakes) and banks. Within China, Guotai Junan Securities does investment banking business worth $1.5 However, look at the scale of U.S.

Marketing 128

Marketing Lending Security Regulation 128

CFPB Monitor

APRIL 4, 2019

noted in the Letter, the Interagency Guidelines Establishing Information Security Standards , which were promulgated pursuant to the Gramm-Leach-Bliley Act and incorporated into the FDIC’s Rules and Regulations as Appendix B to Part 364, establish standards for safeguarding customer information.

FDIC 68

FDIC Technology Guidelines Security 68

PYMNTS

MAY 10, 2017

Whether it’s securing the cash through venture capital investments and family or paying down debts to start on the right step, money seems to be the central conduit that makes entrepreneurship world spin around. According to recent U.S.

Millennials 135

Millennials Maine Groups Retail 135