PYMNTS

FEBRUARY 24, 2020

The country’s government and regulators are keeping pace with those in the European Union and the U.S. Foreign firms and regulators tend to think of Chinese laws as either too strict, wide-reaching or lax — perceptions that have failed to keep up with local regulations’ developments. “In Confronting the Chinese Privacy Myth .

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

DECEMBER 27, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of The Emergence Of The Global Citizen. 2016 saw more people transacting across borders in larger sums than ever before.

Payments 113

Payments eBook Regional Study 113

PYMNTS

SEPTEMBER 29, 2020

29) announced a deal for the AML platform of Beam Solutions , a San Francisco-based startup that focuses on transaction monitoring and helping financial companies comply with KYC regulations. Another key component of the platform is helping companies manage various KYC and AML regulations in different jurisdictions across the world.

San Francisco 153

San Francisco Compliance Regulation cryptocurrency 153

PYMNTS

MARCH 18, 2016

” Innovation Project 2016 — where hundreds of leaders across the payments, commerce, tech and security ecosystems joined together under one roof with one mission: navigating the balance between the leading and the bleeding edge. “If you don’t disrupt yourself, someone else will.” So, how did Day 2 end up?

Innovation 100

Innovation Security Industry blockchain 100

PYMNTS

NOVEMBER 6, 2019

Bank of America has teamed with IBM and its regulatory compliance arm, Promontory Financial Group, to create a cloud computing platform that has privacy, security and regulatory banking compliance protocols built in, according to a report by American Banker.

Compliance 101

Compliance Groups America Security 101

PYMNTS

JULY 17, 2019

The second Payment Services Directive ( PSD2 ) groundwork laid out in 2016 is about to come to fruition in a few months – Sept. PSPs (payment service providers) and issuers are up-to-date on the regulations tied to SCA, because they are the ones ultimately on the hook if they are not compliant. 14, 2019, to be exact. For example, U.K.-based

Retail 162

Retail User Experience Compliance Regulation 162

Celent Banking

OCTOBER 17, 2016

This year’s Sibos theme was “Transforming the Landscape”, organized around four themes: Banking, Compliance, Culture, and Securities. A selection of Sibos session recordings is available on the Sibos website. With my research focus of Corporate Banking, my discussions focused on three key topics.

blockchain 100

blockchain Conference Compliance Technology 100

PYMNTS

FEBRUARY 4, 2019

A series of regulations was established to encourage a safer, more transparent financial services environment following the 2008 financial crisis. Failure to meet AML/KYC requirement challenges can be costly for FIs, too, with regulators issuing heavy fines for lax security practices or failure to devote sufficient resources to oversight.

How To 161

How To Regulation Compliance Meeting 161

PYMNTS

DECEMBER 26, 2018

The Securities and Exchange Commission and various state regulators have been investigating more than 90 cryptocurrency cases in which investors lost money. Morgan Stanley Fined By FINRA For Compliance Lapses. Crypto Scam Victims Unlikely To Get Their Money Back. India Targets eCommerce Sites With New Rules.

Compliance 108

Compliance cryptocurrency Regulation Security 108

Abrigo

APRIL 20, 2016

With the pressures of changing regulations and data security continuing to increase, banks and credit unions must remain vigilant when it comes to their data. Ensuring that data is of high quality, accessible and secure is key to keeping up with this changing environment. Only 30 percent said their data archives were sufficient.

Data 150

Data Compliance Regulation Security 150

FICO

MARCH 31, 2016

During this period of Congressional gridlock, much of the activity in Washington DC impacting the financial services industry remains focused on the development and implementation of new regulations. Here’s a very brief overview of what we’ll cover: Stress testing is a key area of emphasis for regulators around the globe.

Compliance 40

Compliance DC Washington Regulation 40

PYMNTS

JUNE 15, 2018

In the Middle East , RAK Bank has said it will offer Sage accounting software to business banking customers, in an agreement that helps those firms manage value-added tax (VAT) compliance mandates. Reuters said the number of employees working on those compliance efforts now stands at more than 300, on average per financial institutions.

Fintech 115

Fintech Compliance Software Taxes 115

FICO

DECEMBER 21, 2016

That means 2017 should be a risky year from a compliance standpoint. To help in those efforts, regulators are requiring firms to improve their KYC programs with more detailed data and advanced analytics. Today, it’s really only Tier 1 banks that use analytics in AML, KYC and tax compliance areas. We expect that to change.

Compliance 40

Compliance Analytics Taxes Groups 40

PYMNTS

JUNE 26, 2018

Cybersecurity was once seen as purely a matter of technology, but more and more, security experts are bundling issues such as personal privacy, politics, business, ethics and risk into the package. enterprise data less secure. What the firm found was that experts are concerned. Only 13 percent felt that the U.S.

cryptocurrency 125

cryptocurrency Data Security Survey 125

ZootBlog

JANUARY 14, 2016

Over the past several years as banks focused on staying in compliance with myriad new regulations, innovation slowed—nearly to a standstill. In 2016 equilibrium will start to take place as the financial industry embraces the tremendous potential technology holds for them and innovation finds its way back.

Innovation 73

Innovation Industry blockchain Customer Experience 73

FICO

JUNE 30, 2016

Aggregation and effective use of this data are becoming key to meeting new compliance challenges, not to mention an opportunity to derive additional business value. The final CECL standard was issued on June 17, 2016. It will be effective in 2020 for Securities and Exchange Commission registrants, and in 2021 for all others.

Compliance 45

Compliance Management Data Risk Management 45

PYMNTS

DECEMBER 14, 2016

In a press release, Socure said it will use the capital to scale operations, accommodating the 300 percent growth it has seen in 2016. Security, compliance and fraud prevention are key issues for investors, consumers, regulators and employees in the financial services industry,” said Sunil Madhu, CEO and cofounder of Socure.

Fraud 100

Fraud Compliance Capital Leadership 100

Independent Banker

DECEMBER 13, 2015

New Military Lending Act regulations kick in next fall. 1, 2015, and compliance with the rule is required by Oct. Credit card accounts are exempt from compliance until Oct. Transactions not covered by Regulation Z are excluded from coverage under the rule. 3, 2016, compliance date. By Mary Thorson Wright.

Lending 70

Lending Compliance Regulation Virginia 70

Bank Innovation

DECEMBER 13, 2016

It’s almost time to wave goodbye to 2016. This was a big year for fintech, with new regulations, new startups, and new technologies displayed across events like Sibos and Money20/20, making it clear that the progress of fintech can’t really be stopped. But how will it continue? That’s the real Read More.

Fintech 150

Fintech Regulation Technology Regional 150

Gonzobanker

OCTOBER 24, 2018

Name the rule, reg or newly formed regulator, and the common bond is that they were all born out of bankers not policing their own industry. If bankers still feel a “family” affinity to Wells, let’s look at a timeline since 2016 well documented by Yahoo! Dodd-Frank. Admittedly, it is a way to keep the branch staff busy.)

San Francisco 151

San Francisco Industry America Compliance 151

FICO

NOVEMBER 1, 2016

Look no further than the US presidential debates , where our two candidates have highlighted the need to address hackers, security breaches and even foreign nations that may be using sophisticated cyber tactics to influence the outcome of the upcoming November elections. These days, cybersecurity is a hot-button issue in policy circles.

New York 40

New York Regulation Policies National 40

Accenture

JULY 19, 2017

The PSD2 regulatory technical standards for strong customer authentication (SCA) and secure communication (SC) are proving difficult to finalize. The security, authentication, fraud monitoring and secure communication methods (covered in the RTS) are the bank/PSP’s choice, between January 2018 and the RTS date (in 2019).

Security 174

Security Online Compliance Fraud 174

PYMNTS

JUNE 10, 2019

The FSB announced Friday the findings of its analysis of Basel III regulations on the small business lending space. Some regulators aimed to mitigate that impact. Some regulators aimed to mitigate that impact. As such, the FSB said it does not expect to introduce any new industry regulations.

Lending 100

Lending Capital Regulation Survey 100

PYMNTS

NOVEMBER 14, 2016

The T&E firm said those funds, spent between 2014 and 2016, signal a new sense of confidence businesses have in the on-demand economy, with SMEs leading adoption rates as they look for more flexible corporate travel offerings and as hotel rates continue to rise. Brexit vote.

San Francisco 100

San Francisco Survey Data Security 100

PYMNTS

MARCH 26, 2018

VAT regulations are behind the latest updates to procure-to-pay company Direct Commerce, which offers a range of services for B2B suppliers and buyers to facilitate business. Regarding data analytics and security, from our perspective, that is a must-have,” said Gill. You must have secure ways to transfer data through encryption.

Taxes 102

Taxes Fraud Compliance Regulation 102

Abrigo

AUGUST 6, 2019

At the recent NYU Law Program on Corporate Compliance and Enforcement , FinCEN Director Kenneth A. Blanco discussed the organization’s active approach toward addressing the top financial threats to our financial system, our national security, and our communities and families.

System 264

System Las Vegas San Antonio San Diego 264

PYMNTS

JUNE 27, 2017

So we also added a new focus: applying document and artificial intelligence/machine learning to develop enterprise-class solutions for identity verification in digital channels that meet the market need for a great user experience, risk mitigation and regulatory compliance. billion in 2016, according to Javelin.

Innovation 145

Innovation System Mobile Trends 145

PYMNTS

DECEMBER 14, 2018

Last month, the Financial Stability Board (FSB) calculated a more than 4 percent decline in the number of these relationships between 2016 and 2017. Furthermore, businesses demand reliability and security, he said, and the assurance that services are provided by a regulated party. ”

Fintech 192

Fintech Payments Innovation Regulation 192

Independent Banker

DECEMBER 28, 2015

Outsized regulation shapes the business climate and decisions. Far more than any other issue, regulatory compliance is the biggest challenge community bankers experienced in 2015, with 43 percent naming it as such in ICBA’s State of the Community Banking Industry survey. By Denise Logeland. Fearful of mistakes. And Center, N.D.,

North Dakota 70

North Dakota Community Bank Community Compliance 70

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

ZootBlog

JUNE 8, 2016

In July 2015, the Department of Defense (DoD) passed major changes to the Military Lending Act (MLA) with target compliance dates of October 3, 2015 and October 3, 2017. It also prevents some loan features, such as prepayment penalties and securing a loan with a personal check or bank account access.

Lending 60

Lending Regulation Taxes Security 60

CB Insights

SEPTEMBER 22, 2017

That 2017 is shaping up to be a big year for regtech is not surprising, considering the macroeconomic drivers affecting the space — including the increasing demands of the regulators and the large volume of regulation that companies are required to be in compliance with. RegTech Trends. ANNUAL FINANCING TRENDS.

Compliance 46

Compliance Trends Software Capital 46

William Mills

SEPTEMBER 9, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. I believe SEC regulations require a company to go public if they have more than 500 shareholders. Addresses compliance, fraud experience and customer experience analytics. Regulated Financial Institution. Check back for new updates throughout the day.

social media 40

social media ATM Mobile Customer Experience 40

PYMNTS

JUNE 28, 2016

That’s one of the key takeaways from the latest Global Encryption Application Trends Study, which is an independent research study conducted by the Ponemon Institute and sponsored by Thales e-Security. The report tracks how various industry sectors and geographies use encryption coupled with business applications to protect their data.

Security 109

Security Study Data Industry 109

PYMNTS

NOVEMBER 21, 2018

times global GDP in 2016. Major changes are being proposed by current service providers, as well as startups that regulators need to research to better understand.”. Yet, according to the FSB, the trend can be halted and possibly reversed through the clarification of regulators’ expectations on global FIs.

Payments 123

Payments Innovation National System 123

Abrigo

SEPTEMBER 22, 2021

PCD Disclosures Some disclosures are the same, but disclosures tied to PCD accounting and AFS debt securities are changing under CECL. Another change is that institutions recognize credit impairment of debt securities classified as assets held for sale (AFS) through an allowance for credit losses under CECL. Learn more. Learn more.

Security 195

Security Examples National Report 195

PYMNTS

FEBRUARY 21, 2018

We’re referring, of course, to the act of opening a bank account from scratch, from the beginning – providing everything from name, address, Social Security number, identity documents and the like…. Madhu said that there are notable differences in the verification and compliance processes in banking here and abroad. In the U.S.,

Compliance 101

Compliance social media System Online 101