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. The software firm, Sage, has had five of its accounting offerings focused on VAT, accredited by the UAE Federal Tax Authority.

Fintech 115

Fintech Compliance Software Taxes 115

PYMNTS

MAY 23, 2019

Stephen Calk, the founder of the Federal Savings Bank of Chicago, a mortgage lender and a former economic adviser to President Trump’s 2016 campaign, has been charged with bribing Paul Manafort, Trump’s former campaign chairman. Calk ignored internal standards at the lender and lied to regulators in order to approve the loans.

Chicago 109

Chicago New York Washington Video 109

Abrigo

FEBRUARY 2, 2020

The importance of FinCEN’s Customer Due Diligence (CDD) Rule , effective May of 2018, is evident, and regulator expectations are high. The CDD Rule amended the Bank Secrecy Act regulations to strengthen customer due diligence requirements for financial institutions. BSA Rules and Regulation. In fact, the U.S. In fact, the U.S.

United States 195

United States Regulation Delaware Policies 195

PYMNTS

DECEMBER 8, 2016

Not so for other parts of the world: Government mandates are looking to reduce corruption and fraud and enhance reporting capabilities through eInvoicing requirements. company looking to do work abroad, it means you can’t ignore these various regulations, either. And if you’re a U.S. In the U.S., “Ironically, the U.S.

Compliance 100

Compliance Regulation Taxes Fraud 100

PYMNTS

FEBRUARY 21, 2018

Ubin was first announced in 2016 with the central bank launching a partnership with blockchain company R3. Perhaps it isn’t surprising that analysts are now musing about how to avoid a repeat of the Punjab National Bank fraud scandal, and some are looking towards blockchain to do so.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Zenefits skirts compliance regulations. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. And others disappear forever.

Fraud 78

Fraud Las Vegas Company Video 78

PYMNTS

MAY 9, 2016

The firm published its 2016 Small Business Fraud Report , emphasizing the risks that small businesses face in back-office fraud. Small businesses are also found to be adopting anti-fraud tools more slowly than larger companies, researchers said. Dive into the data below to make up your own mind. . The index recorded a 0.28

America 100

America National Capital Survey 100

PYMNTS

APRIL 2, 2019

The FCA said it saw evidence that Innovative Finance ISAs, which are used to shelter peer-to-peer loans from capital gains and income tax, were marketed along with cash ISAs even though they don’t give the same level of protection to consumers. They were released pending further investigations.

Capital 108

Capital Taxes Fraud Marketing 108

PYMNTS

DECEMBER 10, 2018

The unit, which was based in the British Virgin Islands, was part of the bank’s Global Trust Solutions (GTS) business, which had been for sale since 2016. The business was handling trusts in low-tax locations like Germany and the Virgin Islands. In October of 2017, a deal was reached to sell the unit to N.T.

Virgin Islands 167

Virgin Islands Taxes America Report 167

FICO

DECEMBER 21, 2016

To help in those efforts, regulators are requiring firms to improve their KYC programs with more detailed data and advanced analytics. Just as in adjacent spaces — fraud, cybersecurity — analytics help investigators pick the most suspicious activities based on study of a wide range of factors. We expect that to change.

Compliance 40

Compliance Analytics Taxes Groups 40

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

FEBRUARY 13, 2018

Those sub-brands may need to make separate reports and must be able to show entity-specific data during audits to demonstrate that no single entity is encountering disproportionate financial issues or fraud risks.

Branding 103

Branding Payments Operations Resources 103

PYMNTS

JANUARY 26, 2018

In 2016, almost a third of the complaints into this office related to debt collection,” he wrote. Biometrics in India: Aadhaar may not be all that was hoped for India, writes an economist in the NYT , noting that fraud has not decreased. South Korea is levying heavy duty taxes on trades. The reason?

Lending 101

Lending Cards Millennials Data 101

PYMNTS

APRIL 30, 2018

In this world, the only things certain are death and taxes. Anyone in a regulated industry — and that’s just about all of them — are also plenty dubious about using cryptocurrencies as the processing rails for supporting those pilots and incorporating them into their longer-term plans should their pilots show promise. And to learn.

Fintech 183

Fintech blockchain Lending Digital Banking 183

CB Insights

FEBRUARY 13, 2020

Fraud prevention tools. This process also comes with hurdles like regulations, fees, compliance standards, and payment card issuers — all of which become increasingly complex for international transactions. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items.

Online 98

Online Company Retail Payments 98

NCR

DECEMBER 18, 2015

A pilot phase for the Identity Verification Service will start in mid-November 2015 and run until February 2016, with payment service providers (PSPs) invited to take part. The possible use scenarios for this are endless, from performing a simple age check when buying alcohol online to filling out tax returns and applying for a passport.

Data 40

Data social media Online Security 40

CB Insights

OCTOBER 26, 2020

This regulation reduced trading profits and created a need to cut costs, spurring investment banks to spin off unprofitable divisions or eliminate them entirely. And across equity research and sales & trading, poor performances and new regulations have led to widespread layoffs as banks have figured out they can do more with less.

Management 78

Management Capital Company Marketing 78

CB Insights

OCTOBER 29, 2018

Instead, Autonomy’s purchase was written down as a $9B loss and in 2016 HP sold off their Autonomy assets. The company continued to struggle until 2016, when Nokia acquired the company. Nearly two decades after the acquisition, in 2016, Credit Suisse wrote-off $3.8B Google and Motorola. Date: August 15, 2011. Price: $12.5B.

Google 76

Google Software Innovation Company 76

Fintech Labs Insights

AUGUST 1, 2016

Experian CrossCore is a single platform that helps manage customer identities, fraud prevention tools, workflows and decision strategies in an easy-to-use and scalable format. Featurespace’s ARIC Engine helps financial services clients spot and prevent fraud attacks in real time using adaptive behavioral analytics.

How To 12

How To Analytics Millennials Data 12

CB Insights

JUNE 6, 2019

Accusations of fraud and mismanagement, and criticisms of the government’s decision to invest in Solyndra, were rampant in the days following news of Solyndra’s impending bankruptcy proceedings — but the core mistake here involved ignorance of a key aspect of Solyndra’s business. Declared Bankruptcy: 2016.

Apple 78

Apple Branding Google Company 78

CB Insights

OCTOBER 31, 2017

2016 Third Update (11/8/16). 2016 Second Update (7/28/2016). 2016 First Update (2/15/2016). Note: Less than a month after the closure announcement, Vasupal was arrested for fraud in a bizarre case involving Stayzilla business dealings. 2017 Third Update (10/31/17). 2017 Second Update (6/9/17).

Company 78

Company US San Francisco Capital 78