PYMNTS

MARCH 16, 2018

Through the collaborative efforts of those with backgrounds in payments and security, the Federal Reserve’s Secure Payments Task Force has published “Payment Lifecycles and Security Profiles.” They also cover security methods — and identity management controls — along with relevant laws and regulations, among other topics.

Security 100

Security Payments Boston Fraud 100

PYMNTS

JANUARY 29, 2018

Following the theft of $530 million in NEM tokens from Coincheck last week, governments will likely call for more cryptocurrency regulation and investors may turn to peer-to-peer (P2P) methods of trading instead of centralized exchanges, Bloomberg reported.

Regulation 124

Regulation cryptocurrency Bitcoin Security 124

PYMNTS

NOVEMBER 4, 2020

The seizure stemmed from a cryptocurrency fraud scheme being investigated by Brazilian federal police called Operation Egypto. They reportedly held the funds in a way that would've mandated regulation under Brazilian law, with which Fagundes and the others allegedly didn't comply.

Fraud 234

Fraud cryptocurrency Regulation Operations 234

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

JUNE 30, 2020

A summary of Wirecard ’s customers in 2017 suggests that just 100 clients represented over 50 percent of its real sales, the Financial Times reported, citing an internal spreadsheet. The firm reportedly said it worked with 170,000 small companies and 33,000 large and medium-sized merchants in 2017.

Regulation 222

Regulation Report Operations Payments 222

PYMNTS

SEPTEMBER 21, 2020

BuzzFeed said the thousands of suspicious activity reports, authored by lenders and shared with the government, offer a glimpse into global corruption enabled by banks and allowed to flourish by regulators. Between 1999 and 2017, FinCEN flagged more than $2 trillion in suspicious transactions.

Report 279

Report North Carolina United States New York 279

PYMNTS

JANUARY 15, 2019

Malaysia’s initial coin offering (ICO) regulations are said to take effect on Tuesday (January 15) per a notice from the Securities Commission (SC) in the country, Coindesk reported. million between 2015 and 2017 through the Finnish bitcoin exchange.

Bitcoin 108

Bitcoin Regulation New York Video 108

PYMNTS

JANUARY 8, 2019

The company received $3 million in Series A funding in June 2017, bringing the total raised to $10.5 The company also partnered with online marketplace Aha in 2017 to debut an on-demand delivery service in Iceland’s capital, Reykjavik. However, some people are trying to change those regulations.

North Carolina 111

North Carolina Company Security Course 111

PYMNTS

FEBRUARY 9, 2017

Brokers/dealers were concerned about the potential for consumers to exercise their rights under Regulation E to assert that a transaction was unauthorized up to 60 days after its settlement, despite the fact that securities settlement transactions are exempt from Reg. Beyond Securities Transactions. A Window Of Opportunity.

Security 100

Security Risk Management Conference Industry 100

PYMNTS

MAY 30, 2018

Small businesses (SMBs) seeking loans decreased at the end of 2017, and companies felt the sting of financial challenges more acutely. That finding comes care of data gathered by 12 regional Federal Reserve banks in a survey conducted over the third and fourth quarter of 2017.

Lending 115

Lending Community Bank Survey Community 115

PYMNTS

JANUARY 11, 2021

Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). Revolut was granted a European Union banking license in Lithuania in December 2018 and has begun operations in central Europe. The London-based FinTech was founded in 2015 and has secured more than $580 million in funding on a $5.5

cryptocurrency 216

cryptocurrency Leadership Bitcoin Fintech 216

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

PYMNTS

DECEMBER 9, 2018

With retailers struggling to get compliant with the Payment Card Industry Data Security Standard , qualified security assessors are going to be in more demand and can offer tokenization as one way of achieving compliance. That’s according to TokenEx , which recently hosted a webinar to help retailers better understand tokenization.

Retail 194

Retail Report Compliance Security 194

Chris Skinner

MARCH 15, 2017

The regulator has tried to encourage more competition in the sector by implying the process to launch a new bank, a challenger bank. Since 2010, 19 new retail and commercial banking licenses have been issued, with at least eight more pending as at January 2017. We’re happy being customers’ second bank.

Regulation 291

Regulation Retail Survey Mobile 291

PYMNTS

AUGUST 3, 2020

The Financial Times reported that Wirecard’s relationship with CenturionBet ended in 2017, “when its gambling license was suspended by Maltese authorities and it ceased trading after an anti-mafia raid that saw 68 people arrested.” ‘Ndrangheta operates from the Calabria region in Southern Italy.

Regional 362

Regional Online Fintech Regulation 362

Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. Malls, retail stores and even some bank branch closings proliferated in 2017.

Conference 101

Conference Industry Community Bank Community 101

CFPB Monitor

JULY 20, 2022

In 2017, the United Kingdom’s Financial Conduct Authority (FCA), the regulator that oversees the panel of banks on whose submissions LIBOR is based, announced plans to discontinue LIBOR after 2021. The FCA subsequently announced that no LIBOR indices will be available after June 30, 2023.

New York 78

New York Security Operations Regulation 78

PYMNTS

JANUARY 6, 2021

Active bitcoin accounts are approaching the record high reached in December 2017, before the previous bitcoin peak crashed. Compared to 2017, the biggest difference we see is that people are far more active now,” Binance CEO Zhao Changpang told Bloomberg. “If Account users remain confident as well, according to Bloomberg. More than 2.1

Bitcoin 177

Bitcoin cryptocurrency Groups Technology 177

PYMNTS

JANUARY 22, 2019

Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google , which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising.

Payments 195

Payments Regulation Security Data 195

PYMNTS

MARCH 18, 2019

As such, the regulators and FIs seeking to crack down on these activities have their work cut out for them. . Rethinking Security Strategies . FIs that fail to catch illicit activities miss opportunities to hamstring such operations and unwittingly help fund them. Financial and Ethical Security Strategies.

Compliance 181

Compliance Regulation Chicago Tools 181

PYMNTS

JULY 27, 2020

Experts in 2017 predicted that the majority of the U.S. Gig workers, in turn, want to be certain that platforms will keep their payments information secure, and governments in countries where the marketplaces operate will need to guarantee that the platforms do not wittingly or unwittingly enable criminal activity to flourish.

Regulation 130

Regulation Compliance Security Payments 130

NCR

APRIL 6, 2017

Given the number of regulations they are required to follow when it comes to areas such as data protection – and the high consequences that security breaches can lead to – in past years, many banks may have felt that moving operations to cloud tools would have constituted too high a risk. But things are changing.

Tools 75

Tools Technology Operations Community Bank 75

PYMNTS

JULY 24, 2019

Equifax on Wednesday (July 24) reported that its second quarter 2019 operating revenue hit $880 million, up slightly from the approximately $877 million reported for the same period last year. The 2017 Equifax data hack impacted more than 143 million people worldwide. The anticipated payment is part of a settlement with U.S.

Report 116

Report Data Analytics Lending 116

PYMNTS

OCTOBER 26, 2018

Draft rules from the China Banking and Insurance Regulatory Commission (CBIRC) show that the regulator will relax at least some ownership rules for foreign banks. At the time, the cap on ownership had been 25 percent for large, publicly traded securities firms and 49 percent of other financial enterprises.

Regulation 139

Regulation Security Report Operations 139

PYMNTS

MAY 20, 2020

SCT Inst was developed in 2017 to establish operational guidelines by which all real-time payment rails in the EU are required to comply. Official guidelines and regulations can only go so far, however. It is equally imperative to collaborate to secure those transactions with efforts led by both consumers and central banks.

Payments 210

Payments Guidelines Regional Strategy 210

PYMNTS

FEBRUARY 28, 2019

They must also excel at securely handling payments and personal data, while recommending services at the right moment to enhance transactions along the way. Airbnb on Payments, User Friction and Security Challenges in a Global Market. Further east, Airbnb is taking off in South Korea, with a reported 2.9

Payments 183

Payments User Experience Training Case Study 183

PYMNTS

SEPTEMBER 24, 2020

FIs that offer remittances must also comply with a variety of regulations intended to help ensure that terrorists and other criminals are unable to abuse the services to finance illicit operations and hide ill-gotten funds. Maintaining compliance with these important regulations can be challenging, but FIs cannot afford to slip up.

Compliance 223

Compliance Tools Fraud Regulation 223

PYMNTS

AUGUST 3, 2018

The report , released in support of President Trump’s call to regulate the U.S. In general, the department proposed to fuel more FinTech activity in the United States by loosening federal regulations, enacting national data breach protections and drafting “model laws” at the state level to reduce overlapping red tape.

Fintech 115

Fintech United States Regulation Innovation 115

PYMNTS

AUGUST 27, 2020

In other news, LVC Corporation , which operates LINE, is announcing the launch of two new products: LINE Blockchain Developers, a developer platform for blockchain services; and the BITMAX Wallet, for managing digital assets, a press release stated. The aggregator was banned other times, including in 2017.

Bitcoin 153

Bitcoin blockchain cryptocurrency Cards 153

PYMNTS

JANUARY 16, 2020

Companies must manage increased data processing and transaction volumes for their clients, and the stress pushes many to rely on multiple banks to keep operations running smoothly. million in October 2017. Some already handle issues such as payments and collections, foreign exchange (FX) support and liquidity management.

Strategy 132

Strategy Data Operations Innovation 132

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

Cisco

AUGUST 9, 2022

As these have attacks have evolved, regulatory bodies have updated their regulations to account for the increasing threat of cyber risk. This was revised in 2017, and this consistent framework is intended to be able to help leadership and the board assess their preparedness and risk over time. Delivery Channels.

Tools 114

Tools Leadership Handbook Security 114

PYMNTS

MARCH 27, 2019

Mobvoi, a China-based artificial intelligence (AI) startup, has almost secured funding to value the company at upwards of $1 billion before an initial public offering, according to a report by Bloomberg. The startup has a partnership with Google through its Voice Assistant and Wear operating system.

Google 152

Google Big Data Innovation Apple 152

PYMNTS

MARCH 1, 2018

We’re much more comfortable with its security and scalability.”. For the most part, [our trading clients] have worked very hard to streamline and digitize their operations where possible, but the product that gives them the most trouble is the documentary credit,” he said. The technology has come a long way.

blockchain 198

blockchain Technology Tools Regulation 198

PYMNTS

DECEMBER 12, 2018

In a press release announcing the results, the FCA said that despite growing public awareness about cybersecurity and increased regulation placed on companies, the board members of scores of companies have a limited understanding of the risks. Many bank boards still do not understand the cyber threat. ” . ”

Security 124

Security Management Study Compliance 124

PYMNTS

JUNE 6, 2019

Parker was named acting CEO in March after ex-CEO Tim Sloan resigned, citing pressure from lawmakers and regulators. The bank has also faced billions of dollars in fines and is under investigation by different regulators. regulators, which complicated the CEO search. regulators, which complicated the CEO search.

Regulation 130

Regulation Report Operations Fraud 130

CB Insights

JUNE 27, 2018

In June, the SEC’s head of corporate finance William Hinman stated that ether, the cryptocurrency associated with the Ethereum network, is not a security. See how venture firms, corporates, regulators, and builders are shaping the future of blockchain technology. The SEC wants to regulate most tokens like securities.

Regulation 39

Regulation Bitcoin cryptocurrency blockchain 39