Perficient

JULY 11, 2022

Here are critical facts to know about some of the most popular BNPL service platforms: Afterpay: Afterpay was founded in Australia in 2014 but was acquired by fintech Square earlier this year. When deciding whether to use a BNPL service for a purchase, it is essential to read the fine print. Looking Ahead in the BNPL Landscape.

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

APRIL 18, 2019

The PSD2 -related regulation counts itself among a raft of those set to become law across the continent, focusing on boosting online commerce security by requiring cardholders to provide two forms of identification to verify their identities when transacting. A September to Remember.

Fraud 148

Fraud Regulation Compliance Online 148

PYMNTS

SEPTEMBER 26, 2018

Australian regulators on Tuesday (Sept. Reports in Reuters said the Australian Securities and Investments Commission (ASIC) announced the completion of its review into Australia’s top four banks and how they managed and remediated issues of non-compliance. .” Those breaches resulted in $361.9

Regulation 108

Regulation National Compliance System 108

PYMNTS

JULY 22, 2016

It feels like 2014 again with the ongoing popularity of alternative lending startups. It’s even more surprising given that 2016 could be the year that regulation begins to really kick in for these lenders — in the U.S., That, experts say, would be a massive headache for these players. million for alt-lenders this week.

Lending 100

Lending Regulation Big Data Risk Management 100

PYMNTS

AUGUST 29, 2018

When trying to understand the new eIDAS regulations set to go officially online in the EU in September, it helps, Trulioo GM Zac Cohen told Karen Webster, to take a step back and look at the general purpose of the European Union. The EU, Webster noted, was not quite the same place in 2014 as it is in 2018.

Regulation 164

Regulation Guidelines Trends Online 164

PYMNTS

JULY 19, 2019

Tencent has been seeking to diversify lately and put more attention on outside operations as its gaming business comes under increased scrutiny from regulators. . The company has been working with Baidu, China’s largest search engine company, since 2014.

Data 116

Data Security Technology Marketing 116

PYMNTS

JUNE 16, 2018

The initiative eventually hopes to join banks and government agencies that collaborate on contract registration and regulation. Using Masterchain will reduce operating costs by up to five times, the white paper claims, and will accelerate contract processing.

blockchain 113

blockchain National New York cryptocurrency 113

CB Insights

OCTOBER 2, 2018

Facebook, Amazon, Microsoft, Google, and Apple (FAMGA) are doubling down on data security. Effective data security features are critical to securing this information. However, Facebook and Amazon are not the only Big Tech companies with a need to innovate in data security. The Future of Data Security.

Security 58

Security Data US Google 58

FICO

JUNE 20, 2016

European data privacy became global news in 2014, when a man in Spain sued Google for “the right to be forgotten,” or RTBF. It is a complex regulation that addresses a broad range of issues related to data protection and privacy, including: Consent. That lawsuit is still not over.) In fact, GDPR has been in development for years.

Regulation 60

Regulation Data Analytics Security 60

PYMNTS

OCTOBER 15, 2019

The new revelations add to the banks troubles, as it tries to gain back the confidence of regulators and customers alike. Danske Bank was no longer allowed to operate in Estonia after it admitted that $220 billion of questionable money went through a branch there between the years of 2007 and 2015. billion for selling bad U.S.

Report 110

Report Regulation Operations Fraud 110

Abrigo

OCTOBER 29, 2014

Multifamily, commercial and automotive loans are driving loan growth among banks in the Northeast, but increasing risk will draw fresh attention from regulators to ensure recent and future growth is sound, the Office of the Comptroller of the Currency said recently. • Security measures to deter and detect cyber-attacks.

Rhode Island 236

Rhode Island District of Columbia West Virginia New Jersey 236

PYMNTS

DECEMBER 20, 2017

Reuters, citing the FATF, reported that in addition to failing to punish money launderers, Mexico’s tax authorities aren’t regulating money from real estate and luxury goods firms, which are just a front for drug operations. That action was prompted by a U.S. percent rate.

Taxes 100

Taxes Regulation National Report 100

PYMNTS

OCTOBER 26, 2018

Amid reports this week that changes to accounting standards are coming over the next few weeks, the Securities and Exchange Commission (SEC) has said that financial professionals, including accountants, must be mindful of cybersecurity risks. BEC, the acronym for business email compromise scams, is getting its share of attention.

Washington 122

Washington Fraud Security Report 122

PYMNTS

JANUARY 29, 2020

Facebook reported a 51 percent spike in its costs and expenses for the full year 2019 — that increase coming as the social media platform faces more questions from regulators and policymakers about its present and planned endeavors. Here’s the thinking behind the message sent to Xi: China has been looking at making its own CDBC since 2014.

social media 142

social media cryptocurrency Examples Report 142

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. trillion at 2014’s end. Within China, Guotai Junan Securities does investment banking business worth $1.5

Marketing 128

Marketing Lending Security Regulation 128

CFPB Monitor

JANUARY 21, 2021

The CFPB indicates that it believes 1 st Alliance ceased lending in August 2019, and then ceased operations in November 2019. The CFPB notes in the complaint that 1 st Alliance was previously subject to a February 2014 CFPB consent order in which the CFPB alleged violations of section 8 of the Real Estate Settlement Procedures Act.

Connecticut 78

Connecticut Lending United States Regulation 78

PYMNTS

APRIL 27, 2017

AIB said in a statement to Bloomberg that the settlement has to do with issues that happened between July 2010 and July 2014. The bank “fully co-operated with the Central Bank at all stages of this investigation, which has now concluded,” it added.

Compliance 100

Compliance Taxes Regulation Policies 100

Jack Henry

JULY 2, 2014

As an example, the governor of New York State recently directed his Department of Financial Services to conduct targeted cyber security preparedness assessments for all state-chartered banks and other banks “based” in the state. Offload some of the regulatory burden related to security, technology and business continuity/disaster recovery.

Cyber Security 102

Cyber Security Compliance Security FDIC 102

PYMNTS

JULY 30, 2019

Its AI-enabled chatbot , Dom, was combined with voice-activated technology in 2014, allowing customers to place orders the same way they would with a live operator. Security and Privacy Issues. Voice ordering is gaining popularity despite the many security concerns.

Technology 119

Technology Mobile Google Software 119

CFPB Monitor

JUNE 25, 2020

Department of Homeland Security (DHS) was arbitrary and capricious and hence in violation of the Administrative Procedure Act (APA). By granting this deferred action, the memorandum also made the DACA beneficiaries eligible for certain state and federal benefits under existing regulations, including Medicare and Social Security.

Policies 78

Policies Lending United States Conference 78

CFPB Monitor

OCTOBER 4, 2022

A previous version of these procedures referenced the Regulation Z definition of “private education loans” which differs from the Truth in Lending Act definition. Transcript withholding. The CFPB observed that some postsecondary schools withhold official transcripts from students who are delinquent on a debt owed to the school.

Policies 146

Policies Compliance Payments Training 146

PYMNTS

JUNE 13, 2019

Standards like that are unsustainable for banks operating on the scale of BNY Mellon, which handles more than $34 trillion in assets. You give your operational team magnets.”. AI can also ensure bank activities are compliant with regulations and anti-money laundering (AML) standards, keeping banks out of legal hot water. “We

Fraud 128

Fraud Analytics New Jersey Data 128

PYMNTS

SEPTEMBER 25, 2017

Last week, along with its launch of the new operating system iOS 11 , Apple rolled out a whole new design for the iOS App Store. Of course, there’s also no App Store if all the customers walk away, which is a trend that’s been going on since 2014, according to comScore. All of the above are being tried…. App Store Upgrade. Third Party.

Google 169

Google Apple Software blockchain 169

PYMNTS

JUNE 1, 2017

Millennials and Generation Y have grown up with cybercrime, the executive stated, and parents must have “another type of talk” with their kids: the online safety and security talk, as Volmar termed it. For businesses, 2014 was “the wakeup call” and a “banner year for internet crime.”

Payments 110

Payments System Software Mobile 110

PYMNTS

MARCH 1, 2016

seeing the greatest value of investments — with China and Germany also securing massive deals, too. Overall, 2015 venture capital investment levels dipped compared to 2014, though only slightly compared to the fraction of investment seen just three and four years ago. It amounted to about $12.5 Global Breakdown. reigned supreme.

Fintech 100

Fintech Lending Capital Innovation 100

PYMNTS

OCTOBER 27, 2016

Making instant and secure money transfers any time of day, shamelessly skipping out on the lines in front of brick-and-mortar agents. “We WorldRemit received $40 million in a 2014 Series A funding round care of Accel Partners and $100 million in a Series B round led by Technology Crossover Ventures. Over the years, things have changed.

Mobile 100

Mobile Denver Compliance National 100

PYMNTS

JANUARY 26, 2017

A recent G2 whitepaper investigated the routes cybercriminals have taken and the strategies they now use in response to increased security oversight in the traditional online payments space. Traditional payments institutions have grown up with strict rules, regulations and standards for processing, said Frechtling.

Bitcoin 100

Bitcoin cryptocurrency Compliance Branding 100

PYMNTS

JUNE 17, 2016

It has lost more than 80 percent of its market cap since its late December 2014 IPO. On January 21, 2014 Marc Andreessen explained , “why bitcoin has so many Silicon Valley programmers and entrepreneurs lathered up” and compared it to the “Internet in 1993.” It’s all transparent and secure. Most others have struggled, too.

Bitcoin 100

Bitcoin Lending blockchain Fintech 100

PYMNTS

MARCH 23, 2016

Researchers at PwC found that, for the banks surveyed, they believe that 23 percent of their operations could take a hit as a result of FinTech innovation like blockchain. In 1995, Internet startups secured $250 million in venture capital; the equivalent to the early age of blockchain, 2014, has already seen $362 million.

blockchain 100

blockchain Fintech cryptocurrency Innovation 100

Banking 2020

MARCH 19, 2015

It’s hard to think of two industries more regulated than healthcare and banking. In both industries, and in most others, technologies are developed, adopted and discarded at lightning speed, and each has a serious impact on routine operations. Regulations, meanwhile, can take years to legislate and implement.

Regulation 40

Regulation America Compliance Industry 40

PYMNTS

OCTOBER 14, 2016

Although user access to the payments platform was not restricted officially, delays by financial regulators that seemed to have no intent in resolving issues meant that PayPal did not renew its financial license. Bitcoin Regulations. Bitcoin regulation, as Turkey is emphasizing, is a bane in bitcoin’s behind. The payoff is 12.5

Bitcoin 100

Bitcoin Conference New Hampshire blockchain 100

CFPB Monitor

FEBRUARY 3, 2015

On January 29, the CFPB proposed amendments to the portions of Regulation Z governing mortgages made by small creditors. originates, together with any affiliates, 500 or fewer covered transactions annually (subject to certain exceptions, covered transactions are first-lien consumer credit transactions secured by a dwelling); and.

Operations 60

Operations Regulation Payments Maine 60

PYMNTS

JULY 28, 2016

Louay Ibrahim Houssein was arrested in Kuala Lampur, Malaysia in 2014 on charges of making fake U.S. According to the OECD (Organization for Economic Co-Operation And Development) the value of the international counterfeit good market was around $250 billion in 2007. trillion.

New York 100

New York National Groups System 100

FICO

JUNE 22, 2017

billion in 2014. Increasingly in today’s age, terrorist organizations and dangerous criminals finance their operations by laundering money in global financial institutions, presenting a huge public policy problem for regulators and policymakers.

Tools 55

Tools Compliance Innovation social media 55

CB Insights

APRIL 18, 2019

Earlier this month, news broke that Chinese regulators were considering a ban on cryptocurrency mining (China is currently the world’s largest region for bitcoin mining). However, nothing has been formalized yet, and major mining companies Bitmain and Canaan have said the proposed ban won’t even affect operations.

blockchain 59

blockchain Capital Trends Bitcoin 59

CB Insights

MARCH 8, 2018

customers since 2014. The UK, in particular, has seen the most challenger bank activity compared to other regions, as a result of progressive regulations enacted to promote competition and break up the banking monopoly. How challenger banks leveraged regulation. How new regulations help challengers expand services.

Retail 78

Retail Digital Banking Fintech Regulation 78

CB Insights

MAY 8, 2018

Even as the media storm around the sector has calmed, regulators are acting more aggressively and decisively, issuing subpoenas to bad actors and providing guidance to good ones. See how venture firms, corporates, regulators, and builders are shaping the future of blockchain technology. So far it looks like US regulators do not agree.

blockchain 75

blockchain Trends Technology cryptocurrency 75