Bank Innovation

MARCH 12, 2020

mobile payments companies founded after the 2008 financial crisis, and digital banks including Chime Inc. Fintech startups looking to upend how Americans do their banking are facing their first major test as interest rates fall and fearful consumers seek safety at traditional banks. Square Inc. and Stripe Inc.,

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Digital Banking Payments Fintech Mobile 359

TheGuardian

AUGUST 7, 2022

On the day little heed was paid to the news, but it quickly became apparent that not just BNP Paribas but just about every big financial institution was up to its neck in securities linked to underperforming American home loans. In early August 2007, BNP was simply the pebble that marked the coming avalanche. Continue reading.

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PYMNTS

MARCH 1, 2019

launched FPS in 2008. Security strategies. Faster payments aren’t all doom and gloom, though, and proper security measures can help businesses reap the benefits of real-time payments schemes with fewer detriments. Once payments started moving in seconds, however, fraud instances quickly shot up.

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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.

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South State Correspondent

MARCH 13, 2023

While we will cover the general lessons HERE , in this article, we wanted to focus on the root cause – how and why interest rate risk caused the second-largest bank failure in US history (Washington Mutual was the largest in 2008). Equally important is the bank’s securities duration, as shown in the graph below.

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Risk Management Management Community Bank Community 221

Bank Innovation

DECEMBER 9, 2019

First there was the financial crisis of 2008. Then years of negative interest rates. Now, banks face what one financial regulator calls the “real game changer.” Jesper Berg, the head of the Financial Supervisory Authority in Denmark, says the next big threat for banks is the rapid spread of big tech into financial services. The […].

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Data Regulation Compliance Security 221

PYMNTS

APRIL 7, 2020

A Manhattan court denied Goldman Sachs Group’s appeal to dismiss a class-action lawsuit that accuses the investment bank of hiding information when it created subprime securities prior to the Great Recession, according to a report in Reuters. Securities and Exchange Commission (SEC) investigation.

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Arkansas Security Fraud Management 200

Perficient

AUGUST 16, 2023

He was promoted to President and CEO in 2008. Shan Hanes, who served as the bank’s President and CEO until its closure, joined the firm in 1993 as an agricultural loan officer and Informational Technology Officer. billion in deposits), the failure still poses lessons for bank executives.

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PYMNTS

JANUARY 15, 2021

It also said the bank’s Check Cashing Group admitted that it failed to file thousands of suspicious activity reports (SARs) as well as thousands of Currency Transaction Reports (CTRs) from 2008 to 2014. The statement from FinCEN said Capital One established the Check Cashing Group as a business unit within its commercial bank in 2008.

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TheGuardian

APRIL 30, 2023

Half a dozen US banks are in the running to take over stricken First Republic, according to reports over the weekend, with leading bidders including JPMorgan Chase, Citizens Financial and PNC Financial Services.

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US California Course Regulation 56

TheGuardian

JUNE 8, 2020

Amanda Staveley is best known for two high profile deals – each completed in 2008 and both involving the same investor: Sheikh Mansour of Abu Dhabi. Staveley is suing Barclays for up to £1.5bn after her client, Sheikh Mansour bin Zayed Al Nahyan of Abu Dhabi, invested £3.25bn as part of an emergency fundraising 12 years ago.

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Security 55

PYMNTS

MARCH 25, 2020

Henry was the CEO of prepaid debit card firm Netspend from 2008 to 2014. Henry served as president and CEO at Euronet through 2006 and was a board member until 2008. In 2017, he was appointed director of security firm The Brink’s Company and was elected chairman of the financial services company Paysign in 2018. million.

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PYMNTS

MAY 15, 2018

are defaulting on subprime auto loans at a higher rate than during the financial crisis in 2008. The default rate during the 2008 financial crisis was around 5 percent. With that in mind, subprime-auto asset-backed security sales are at about $9.5 Borrowers in the U.S. billion, on track with the $9.6

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Maine Security Data Lending 136

Chris Skinner

MAY 22, 2017

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

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Regulation Security 157

Payments Source

APRIL 3, 2020

Having come of age in the midst of the 2008 financial crisis, secure personal finance is extremely important to this generation, says Axis Communications' Stephen Joseph. Analytical technology will be key for firms looking to appeal to the next generation of customers.

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Analytics Security Technology Mobile 67

PYMNTS

MARCH 9, 2020

The CEO of the Securities Industry and Financial Markets Association (SIFMA), Kenneth Bentsen Jr., The regulators involved include the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the Financial Industry Regulatory Authority (FINRA). New York Gov.

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New York Regulation Meeting Industry 154

PYMNTS

NOVEMBER 10, 2019

Launched in 2008, Newpharma was created to bring the pharmacy industry online, with non-prescription medication making up 15 percent of the company’s sales, and a large portion of those sales coming from France and the Netherlands. We are thrilled to support Newpharma’s rapid development.

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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 […].

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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.

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Compliance Industry Report Fintech 106

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.

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Digital Banking Payments Software Fintech 179

BankInovation

JULY 13, 2022

As part of the British multinational aerospace and defense company BAE Systems, London-based NetReveal delivered positive financial performance after BAE acquired the company in 2008, Mike Foster, […].

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System Fraud Software Company 96

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.

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Taxes New York Security Data 155

PYMNTS

JULY 7, 2020

That change in consumer behavior had a lot to do with the market crash of 2008 and differing ideas about financial security, especially between ascendant millennials and cohorts with less collective spending clout. My Money, My Way. Easier said than done, but everyone’s trying like mad.

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Cards Millennials Conference America 135

PYMNTS

JULY 16, 2020

A lawsuit in 2008 by a small shareholders’ association alleged that Wirecard was using customer deposits as its own cash, resulting in “suspiciously high” margins and suggested the company was involved in things like online pornography and gambling.

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Report Fraud Regulation Marketing 169

PYMNTS

MAY 15, 2019

The bug affects Windows 7, Windows Server 2008, Windows 2003 and Windows XP. This is certainly one to take seriously,” said Chris Coulter, vice president of technology with BlackBerry’s Cylance security group. Windows 10 and Windows 8 users won’t be affected by the flaw, Microsoft said.

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PYMNTS

JULY 29, 2019

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. Many people have been using Glint to get a larger return on savings, and Cozens said if the system crashes, people can always claim their physical gold. They lend out more than they have.”.

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PYMNTS

JANUARY 23, 2019

Four former high-ranking bank officials at Barclays have been accused of hiding 322 million pounds ($420 million) in payments to Qatar in exchange for investing in the bank and cash infusions in 2008, according to a report from Reuters. percent before acquiescing to 3.25 percent in return for investing in the bank.

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Fraud Security Marketing Report 115

PYMNTS

MARCH 31, 2020

That has made it less of a risk than debt accrued by banks to finance leveraged buyouts for high-yield companies, but the hefty bill is the biggest to hit the banks since the 2008 financial crisis.

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Mobile Groups System Security 171

American Banker

FEBRUARY 12, 2021

The agreement with plaintiff MBIA Insurance resolves a lawsuit tied to the sale of mortgage-backed securities that plummeted in value during the 2008 financial crisis.

Security 48

Security 48

South State Correspondent

NOVEMBER 7, 2022

Available-for-sale securities are reported at fair value, and any unrealized gains and losses are included in accumulated other comprehensive income (AOCI) in the equity section of the balance sheet. By 2008, there were a variety of failures as a result of liquidity – Bear Sterns, Lehman Brothers, and more. Capital got scarce.

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Marketing Community Bank Community Security 195

Bobsguide

JUNE 18, 2017

Justin Coker, Vice President - EMEA at Skybox Security. It’s boom time for UK mergers and acquisitions — recent M&A activity stats from the ONS showed that the value of domestic M&A reached its highest value since 2008, with foreign M&A also reaching new levels.

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Security 92

PYMNTS

NOVEMBER 11, 2019

The Hong Kong Securities and Futures Commission ( SFC ) told Reuters in a statement that an investigation revealed that UBS had fleeced customers on “post-trade spread increases and charges in excess of standard disclosures and rates” from 2008 to 2017. Swiss bank UBS was hit with a $51.09

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Security System Report Management 100

PYMNTS

SEPTEMBER 20, 2018

It’s been ten years since the 2008 financial crisis, and it is easy to forget the financial system is one built on trust,” he added. Securities and Exchange Commission (SEC) filed a civil complaint against the men in the same court for violations of federal securities laws. In addition, the U.S.

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PYMNTS

FEBRUARY 24, 2020

“As a leader in payments technology, Mastercard is to grow its workforce with notable investments in its artificial intelligence, cyber security, blockchain, user experience teams, and more. Mastercard first opened Ireland operations in 2008, with only 36 people on staff at the location.

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Cyber Security User Experience Technology blockchain 159

TheGuardian

JUNE 9, 2020

Businesswoman suing bank for £1.5bn she says she is owed for securing 2008 investment The prominent businesswoman Amanda Staveley exaggerated the importance of her role in securing the billions of pounds that saved Barclays during the financial crisis, the high court has heard.

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Security 52

PYMNTS

MARCH 13, 2017

One of the largest disruptions came to the hotels with Airbnb’s 2008 entry into the vacation rental market. Following a filing of Securities and Exchange Commission (SEC) forms last year making over half a million, Airbnb just filed Form D to close its Series F funding. Here are the numbers: $555.5

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Data Security Industry Marketing 100

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.

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