PYMNTS

JANUARY 26, 2021

MobileCoin complements the privacy-focused app in that it is “more resistant to surveillance,” according to a 2017 Wired report. The MB noted that the new framework clarifies that virtual asset transactions should be treated as cross-border wire transfers, and VASPs must comply with BSP’s wire transfer regulations, the release stated.

blockchain 244

blockchain Guidelines cryptocurrency Marketing 244

Accenture

NOVEMBER 27, 2017

Connecting more than 8,000 decision makers and thought leaders across the industry, Sibos 2017 in Toronto was once again the platform where the global financial community explored the disruptions and opportunities in payments driven by innovation, technology and new business models. Open Banking is fast becoming a global phenomenon.

Innovation 171

Innovation Conference Fintech blockchain 171

Insights on Business

MAY 19, 2017

In the area of regulatory compliance, however, simply keeping up with the volume and variety of new and changing regulations is high on the priority list of virtually all organizations. The OPS 2017 event was presented by the Securities Industry and Financial Markets Association (SIFMA) and this year IBM was a Platinum sponsor.

Compliance 160

Compliance Analytics Regulation Training 160

PYMNTS

OCTOBER 5, 2018

In the rundown of how individual countries rank, in terms of regulators levying fines on people and corporations, the United States tops the bill. Fines against companies were up two percent between 2016 to 2017 and over that same period were up 23 percent against individuals. million pounds to less than one million pounds in 2017.

Regulation 100

Regulation US United States Compliance 100

Chris Skinner

APRIL 16, 2017

Our love and belonging is … Not all US banks are against Open Banking I blogged recently about American banks beating up the regulators to stop account access via APIs. Barclays board reprimands boss Jes Staley as … The post The Finanser’s Week: 10th April – 16th April 2017 appeared first on Chris Skinner's blog.

Maine 202

Maine Analytics America Policies 202

CFPB Monitor

OCTOBER 21, 2021

The CFPB, Federal Reserve Board, FDIC NCUA, OCC, in conjunction with the state bank and state credit union regulators, jointly issued a statement on managing the transition away from LIBOR (Joint Statement).

Regulation 78

Regulation Management FDIC Risk Management 78

PYMNTS

SEPTEMBER 26, 2018

Earlier this year, CoinDesk data revealed more money was raised via ICO in the first quarter of 2018 than in the entirety of 2017, totaling $6.3 He is also CEO of his new venture Genesis , a company formed to provide consulting and asset management services in the context of cryptocurrencies. billion raised via ICO in July.

Management 164

Management cryptocurrency blockchain Regulation 164

PYMNTS

MAY 29, 2019

Reports in Reuters on Tuesday (May 28) said UBS expects its regulatory costs to remain high in the years ahead after a decade of more stringent regulations leading to heavier, more costly burdens on banks. ” In 2017, an estimated 40 percent of financing requests from micro, small and medium-sized businesses (SMBs) were denied.

Regulation 108

Regulation Compliance Capital Resources 108

PYMNTS

DECEMBER 30, 2016

Analysts continue to flesh out their predictions for payments and FinTech in 2017, but one can never truly know the exact direction an industry will take. Today, 58 percent of SMBs already have international customers, while 72 percent plan to grow their international customer base by 2017. But in 2016, the industry saw progress.”. “I

Industry 125

Industry Trends Capital Payments 125

Perficient

AUGUST 16, 2023

In 2017, the bank was converted from its National Charter to a Kansas state-chartered bank and renamed Heartland Tri-State Bank. Bank Closed By Regulators Almost all bank closures happen on a Friday so that regulators can work all weekend to reopen the bank on Monday.

United States 221

United States Kansas FDIC Risk Management 221

Abrigo

AUGUST 7, 2023

Applying model risk management to CECL What's involved in CECL model validation? Learn what banks, credit unions, and others subject to CECL accounting can expect from this risk management process. Model validation is a crucial aspect of model risk management. Access a brief guide to CECL model validation here.

Risk Management 195

Risk Management Handbook Analysis Management 195

PYMNTS

JULY 2, 2018

Despite a regulation crackdown and other issues, investors have continued to fund cryptocurrency startups in 2018, with ICOs raising $11.8 This year’s surge comes as ICOs have faced stricter scrutiny from regulators like the U.S. This year’s surge comes as ICOs have faced stricter scrutiny from regulators like the U.S.

Regulation 101

Regulation cryptocurrency Fraud Analysis 101

PYMNTS

JANUARY 18, 2018

Regulation has undoubtedly acted as a catalyst to major financial services trends in areas like small business (SMB) lending, faster payments and, most recently, open banking and collaboration with FinTechs. According to the results, banks argue that innovation, not just regulation, is behind the wheel of progress. Optimism Up.

Regulation 156

Regulation Innovation Fintech Marketing 156

PYMNTS

MAY 21, 2018

The regulatory gaze become more fully trained on social media as in Germany, intelligence official Hans Georg Maassen said last week that regulation may be needed for social media companies if the European Union finds that more transparency is needed. Also, in the U.K.,

social media 108

social media Regulation New York Data 108

PYMNTS

OCTOBER 11, 2016

Ant Financial’s potential investors should mark their calendars for late 2017. The business’ is most closely connected to Alipay, China’s largest online payments option, while also offering wealth management services, as well as credit scoring, micro lending and insurance.

Lending 100

Lending Online Regulation Security 100

PYMNTS

JANUARY 22, 2018

Expense management technology is now a saturated market, particularly for the small business space – which is notoriously difficult to serve, because they are too small for large, enterprise-grade solutions, but too large for consumer-specialized tools. ” What is clear, though, is that demand for T&E technologies is on the rise.

Management 116

Management Compliance Taxes Marketing 116

CFPB Monitor

JANUARY 9, 2020

The New York Department of Financial Services has sent a letter to the institutions that it regulates requiring each such institution, by February 7, 2020, to provide to DFS a description of its “plan to address its LIBOR cessation and transition risk.” (LIBOR is the acronym for the London Inter-Bank Offered Rate.).

Regulation 78

Regulation New York Management Taxes 78

Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. Endless CRM and data management projects that shook our foundations and gutted our PMOs. The Jump the Shark Moment of 2017 Award – Goes to Aspiration , the challenger bank started by a former Bill Clinton speech writer with $47 million in funds from celebrities and celebrity investors. Payments chaos.

Conference 90

Conference Industry Community Bank Community 90

Bobsguide

MAY 29, 2017

As we have already witnessed, 2017 has and will continue to bring fundamental changes to regulations, challenging even the most robust operational teams across the industry who are asked to do more with less, on ever shorter deadlines. We look at the impact of collateral management within these.

Management 60

Management Regulation Operations Industry 60

PYMNTS

MARCH 26, 2018

Wells Fargo, weeks after it was hit with a rare enforcement action from the Federal Reserve, is overhauling its risk management processes and announced internally that four top risk management executives would be retiring. All are retiring in April, May or June.

Risk Management 100

Risk Management Management Compliance Groups 100

CFPB Monitor

JULY 23, 2019

Equifax has agreed to pay $575 million to settle consumer as well as state and federal regulatory claims for its 2017 data breach. 2017 Data Breach. Federal regulators as well as consumers also alleged that Equifax did not implement other basic security measures that would have protected against this data breach.

Data 99

Data Puerto Rico District of Columbia Security 99

PYMNTS

JULY 5, 2017

Ride-hailing company Uber was recently dealt a difficult blow: A European Union (EU) court adviser paved the way for France to charge local Uber managers with running an illegal taxi service. EU judges will make a final ruling later in 2017, but Reuters noted they typically follow the advice given by court advisors.

Management 109

Management Exercises Operations Software 109

PYMNTS

MARCH 19, 2019

online lender LendingClub — raised $220 million in funding in 2017, led by Singapore sovereign fund GIC, as well as CMIG Leasing and South Korean fund manager Simone Investment Managers. The company — co-founded by Soul Htite, who is also responsible for U.S. billion USD) from ¥14 billion, Guo said.

Regulation 138

Regulation Regional Lending Compliance 138

PYMNTS

NOVEMBER 4, 2020

Fagundes, the release stated, has been charged with numerous crimes, including "operation of a financial institution without legal authorization, fraudulent management of a financial institution, misappropriation, and money laundering," along with violating securities laws. As such, crypto is used more often for illicit purchases of drugs.

Fraud 234

Fraud cryptocurrency Regulation Operations 234

Insights on Business

JULY 30, 2019

The Basel Committee on Banking Supervision (BCBS) released a 2017 report noting that a key issue for banks is the lack of “systems needed to efficiently aggregate data from across the banking group for use in stress tests.”Advanced Also see our related blog post, A new era of technology enabled financial risk management.

Risk Management 70

Risk Management Analytics Technology Management 70

CFPB Monitor

MARCH 18, 2021

In its third lawsuit filed under the leadership of Acting Director Uejio, the CFPB, earlier this week, sued Student Loan Pro (SLP), a student loan debt relief company, its owner, and its manager, for alleged violations of the Telemarketing Sales Rule (TSR) and the Consumer Financial Protection Act.

Company 78

Company Management Leadership California 78

PYMNTS

AUGUST 14, 2017

Its “Whole Paycheck” image combined with the rise in availability of organic foods in more traditional grocery stores put pressure on its stock, which was in the dumper, and the management team to do something to turn things around. The regulators in Europe piled a $2.7 Investors put $2.65 billion more. Survival of the Fittest.

Innovation 109

Innovation Online Google Millennials 109

PYMNTS

AUGUST 28, 2020

seeks to reinstate its license to provide ride-hailing services in London after a suspension, the city’s transportation regulator will leave the decision up to a judge. Uber first lost its license in 2017, but was granted two extensions as the company improved its service. The App Drivers and Couriers Union (ADCU), a U.K.-based

Operations 154

Operations Regulation Groups Data 154

PYMNTS

SEPTEMBER 28, 2020

28), ending a 10-month fight between the ride-hailing company and regulators, The Wall Street Journal reported. Shortly after entering the London market, Uber first lost its license in 2017 when the Transport for London (TfL), the city’s transportation watchdog, accused the company of safety and regulatory shortfalls. .

Regulation 150

Regulation Groups Data Operations 150

CFPB Monitor

DECEMBER 20, 2018

The FDIC’s current regulations on brokered deposits and interest rate restrictions are set forth at 12 C.F.R. The industry will benefit if financial institutions can use brokered deposits responsibly without significant limitations to manage liquidity needs and limit interest rate risk. Section 337.6.

FDIC 60

FDIC Regulation Capital Analysis 60

PYMNTS

JULY 13, 2018

trillion, and competition is rising as regulators slowly ease restrictions on banks’ corporate lending practices. The Federal Reserve issued guidance in 2013 to curb leverage in an effort to prevent a financial crisis repeat, the publication said, but regulators failed to predict the emergence of shadow lenders and non-bank players.

Marketing 100

Marketing Regulation Dallas Retail 100

CB Insights

DECEMBER 15, 2020

Change has been long overdue for the wealth management industry, which is facing growing competition, outdated legacy tech , thinning margins , and an aging client base. Between 2017 and 2060, it’s expected that approximately $50T will change hands in what will be the largest aggregated transfer of wealth in history.

Management 87

Management Fintech Industry Trends 87

PYMNTS

AUGUST 12, 2019

The commerce regulator in Colombia said it will fine Uber over $629,000 because the ride-hailing firm obstructed a regulatory visit two years ago, according to Reuters. . The regulators visited in October of 2017. Uber is not technically legal in Colombia, but it is used widely.

Regulation 100

Regulation America Software Data 100

PYMNTS

DECEMBER 11, 2020

Revolut first added bitcoin, ether and litecoin in 2017. The startup reminded people that cryptocurrencies are not regulated in the U.K. They should have the tools to help them manage their money more conveniently and accurately,” said Nik Storonsky , founder and chief executive officer of Revolut.

cryptocurrency 214

cryptocurrency blockchain FDIC Bitcoin 214

Bobsguide

MARCH 23, 2022

With Boersma’s addition, Meradia will expand its Investment Performance practice to include advisory services related to Global Investment Performance Standards (GIPS®) compliance, implementation, and pre-verification as well as investment performance regulation. Wybranski, CFA, Meradia’s President and CEO.

Compliance 78

Compliance Regulation Training Strategy 78

PYMNTS

DECEMBER 18, 2020

Credit Suisse has been indicted by Swiss prosecutors for allegedly failing to prevent money laundering, Bloomberg reports, adding that a former bank manager was also indicted alongside Credit Suisse. Credit Suisse, the case determined, had failed to freeze 35 million francs subject to a 2007 seizure order. “The

Compliance 203

Compliance Regulation Report Innovation 203

PYMNTS

NOVEMBER 25, 2019

London’s transport regulator, Transport for London (TfL), has yanked Uber’s license to operate in the city, prompting the ride-hailing giant to file an appeal, Reuters reported on Monday (Nov. The company’s license was pulled for the first time in London over safety concerns in September of 2017. Uber says it has 3.5

Operations 150

Operations Regional Regulation Software 150