PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations.

United States 174

United States Regulation cryptocurrency Cleveland 174

BankUnderground

JULY 31, 2020

To make regulation proportionate, policymakers adapt regulatory requirements to the risks posed by each firm. But regulators face a trade-off between addressing systemic risks in a proportionate way and limiting regulatory complexity. Figure 1: Cumulative number of regulatory thresholds by asset size (2017).

Regulation 65

Regulation Policies Analysis Capital 65

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

DECEMBER 11, 2019

10), Craig Moore, CEO of business financing platform Beehive , not only made the case for more P2P lending in the Middle East (the company is based in the United Arab Emirates), but also gave a larger view of the FinTech situation in that region as a new decade dawns. But in a new PYMNTS interview on Tuesday (Dec. More Focus on P2P Lending.

Fintech 144

Fintech Lending Regional Regulation 144

Bank Innovation

DECEMBER 13, 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. It’s almost time to wave goodbye to 2016. But how will it continue? That’s the real Read More.

Fintech 150

Fintech Regulation Technology Regional 150

PYMNTS

MARCH 2, 2020

The plans came from the “high demand” in the region for i2c services, the release states. Prior to working with i2c, Khan was working with Mastercard as the vice president for government business development, where he focused on government relations and engagement in areas like policy and regulation.

Regional 132

Regional Apple Policies Compliance 132

PYMNTS

MARCH 19, 2019

“While the industry has expanded quickly to a large and complex scale over the years, regulatory directions keep changing and different regions have different rules.”. However, though the company expanded quickly in 2017 and 2018, Beijing’s crackdown on certain lending practices forced Dianrong to decline in the second half of 2018.

Regulation 138

Regulation Regional Lending Compliance 138

PYMNTS

DECEMBER 12, 2018

The number of merchants accepting card payments around the world grew by 13 percent in 2017, to 69.2 The two regions with the most growth were also the two least developed: Asia-Pacific and Central and Eastern Europe. The two regions with the most growth were also the two least developed: Asia-Pacific and Central and Eastern Europe.

Cards 178

Cards Payments Regulation Regional 178

PYMNTS

JANUARY 15, 2018

China steps up its regulation of cryptocurrency trading by going after online platforms and mobile apps. Citing people familiar with the matter, Bloomberg reported China’s regulators are eyeing internet-based platforms and mobile apps that provide customers with exchange-type services. terawatt hours a year, according to BNEF.

cryptocurrency 146

cryptocurrency Bitcoin Regional Regulation 146

NCR

DECEMBER 27, 2017

As December draws to a close, it’s time to look back on the biggest headlines and defining themes of 2017 for the financial services industry. The humble ATM celebrated its 50 th birthday in June 2017. For many financial institutions (FIs), preparing for the EU’s PSD2 regulation has been priority number one in 2017.

ATM 76

ATM Fraud Industry Security 76

PYMNTS

MAY 1, 2020

Financial institutions (FIs) and regulators in Singapore, the E.U. Regulators may have shifted their focuses away from these initiatives and toward making sure their customers have the financial access they need to survive the pandemic, but the long-term goals of. and the U.S. Similar to the U.K. Similar to the U.K.

Innovation 245

Innovation Regulation Digital Banking Security 245

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

PYMNTS

MAY 20, 2020

Making cross-border payments in the EU therefore requires interconnectivity between the regions’ various real-time payments rails. 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.

Payments 210

Payments Guidelines Regional Strategy 210

PYMNTS

MARCH 25, 2019

The bipartisan bill proposes several changes to how connected devices are treated, including general recommendations, standards and regulations for greater user protections. The new bill is an upgrade from one introduced in 2017, but the discussion has picked up in recent years. “If IoT’s expansion presents security challenges.

Security 205

Security Data Regulation Washington 205

PYMNTS

JANUARY 24, 2020

Uber originally tried to get into Vancouver, which is Canada’s third-largest metro area, in 2012, but the transportation regulator said the ride-hailing company would be subject to the same rules as limos, and have to charge a minimum of $75 a trip. That stopped Uber from entering. .

Metro 130

Metro Operations Regional America 130

PYMNTS

AUGUST 2, 2016

Department of Commerce’s International Trade Administration said in its “ 2016 Top Markets Report Financial Technology ” that Asia will hold sway over other regions. Regulation is also giving a tailwind, said the report, and demographics skew toward younger and higher-income customers, relatively speaking.

Fintech 100

Fintech US Big Data Trends 100

NCR

APRIL 13, 2017

The coming months are set to be a busy time for the payments industry, as 2017 is expected to be a game-changing year as a range of new providers and technologies come to the fore. However, more recent joiners have indicated their upfront costs for accessing the interbank payment systems are in the region of £1.2 million ($3.12

Marketing 72

Marketing Payments Metro System 72

PYMNTS

JUNE 14, 2017

Not only do regulations vary from jurisdiction to jurisdiction, but the consequences of non-compliance vary greatly, too. Efforts to promote fair competition and boost international trade could offer some relief eventually, especially as the nation aims to harmonize its regulations with those of the European Union. Top Challenge Areas.

Compliance 146

Compliance Marketing Taxes Groups 146

PYMNTS

MARCH 19, 2019

The country’s regulators have gotten tough on the shadow banking market in recent years. percent from the end of 2017 and hitting its lowest level since 2016. However, while regulators are happy to see shadow lending fade, the sector’s main borrowers — private companies — are feeling the strain. China’s $9.1

Lending 100

Lending Regulation Maine Regional 100

PYMNTS

DECEMBER 13, 2018

AriseBank, a startup that ran afoul of regulators in the U.S. The ICO came at the height of the digital token and ICO craze of 2017. Rice and Ford lied to AriseBank’s investors by pitching the company as a first-of-its-kind decentralized bank,” said Shamoil Shipchandler, director of the SEC’s Fort Worth regional office.

Fort Worth 134

Fort Worth cryptocurrency Dallas Regulation 134

PYMNTS

DECEMBER 16, 2019

The issue highlights how new industries can upend traditional norms, and not be subject to the same regulations that legacy industries, like hotels, must face. In April, the CJEU said in a non-binding opinion that Airbnb should be treated as a digital service provider, and that it should be free to operate in the region.

Regional 130

Regional Regulation Industry Groups 130

PYMNTS

MARCH 4, 2019

Nordea, the biggest bank in the Nordic region, is being accused of handling millions of dollars in suspicious transactions for several years. The bank reportedly handled 700 million euros or $790 million in transactions that were questionable from 2005 to 2017. The investment firm rates Nordea at underperform.

Virgin Islands 116

Virgin Islands Taxes Regulation Regional 116

PYMNTS

MARCH 5, 2018

Roughly 40 million people tuned in last night to the 90th run-through of the Academy Awards to find out which films, performances, scripts and costumes carried the day in 2017. Which means, he noted, that startups in different regions are given specific business challenges to address as starting points for channeling their creative juices.

Regulation 108

Regulation Data Regional America 108

NCR

JUNE 29, 2017

The region – and in particular large, fast-growing economies such as China – has proved to be a fertile breeding ground for innovation for the sector. ” The post Progressive regulations help Europe gain ground in payments innovation appeared first on Banking.com. .

Innovation 45

Innovation Regulation Payments Regional 45

William Mills

FEBRUARY 28, 2017

Major trade shows occur throughout the year, and it can be overwhelming to keep track of them all, which is why William Mills Agency has compiled its 2017 Trade Show Directory, which can be downloaded here. One is the 6th annual Bank Innovation 2017 , March 6-7 in San Jose, Calif., But don’t always focus on the biggest trade events.

Strategy 40

Strategy San Jose Conference Indianapolis 40

PYMNTS

FEBRUARY 13, 2019

The partnership will enable Bithumb to further expand in the Middle East and North Africa (MENA) region, including Saudi Arabia and Bahrain. The company noted that it still needs to gain approval from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market, which issued regulations for crypto exchanges last summer.

blockchain 128

blockchain Fintech Bitcoin cryptocurrency 128

PYMNTS

SEPTEMBER 14, 2018

“We want to support the innovation coming out of this great, diverse region.”. In 2017, Uber launched a partnership with the town of Innisfil, Ontario, which is located north of Toronto. The new center also means that the company will hire 300 new employees, bringing its total headcount in Toronto to 500. “We We like what we see.

Arizona 105

Arizona San Francisco Regional Innovation 105

PYMNTS

APRIL 18, 2019

The bank is involved in the illegal activity because of former business relationships with two regional eastern European banks, one in Moldova and the other in Latvia. In fact, the audit committee of Deutsche Bank’s supervisory board warned that the lender possibly violated “legal, regulatory and other financial crime-related obligations.”.

Regional 155

Regional Regulation Payments Management 155

PYMNTS

DECEMBER 26, 2018

According to a recent report from RBR , the research and consulting firm for the banking and retail industries, the number of merchants that accept card payments around the world has jumped 13 percent in 2017, to 69.2 RBR pointed to new regulation as part of the reason for the growth.

Regional 158

Regional Payments Report Mobile 158

PYMNTS

MAY 10, 2018

The global wireless POS terminals market is expected to have a compound annual growth rate (CAGR) of 13 percent from 2017 to 2023. According to a press release from Market Research Future , North America is the leader in the wireless POS market as the region has “advanced technological infrastructure.” Mobile Wallets.

America 114

America Regional Mobile Cards 114

PYMNTS

JULY 8, 2019

is perhaps the most vocal market in the late B2B payments world, with regulators working to address delayed invoice payments, while FinTechs and banks weigh in on the matter with their own efforts to tackle the issue. Others, however, argue that regulators should take the lead in alleviating the pain of late payments.

Payments 124

Payments Report Regulation Meeting 124

PYMNTS

SEPTEMBER 12, 2017

They would like the EU to develop a region-wide plan to implement their proposal, and plan to present it to all 28 EU finance ministers at a meeting next week. This news is just the latest sign that European politicians and regulators are uncomfortable with the growing strength of U.S. tech giants in their countries.

Taxes 115

Taxes US Google Regional 115

PYMNTS

JANUARY 16, 2020

APIs are also changing as global regulations shift to support platform or open banking, and the most prominent developments came courtesy of Europe’s revised Payment Services Directive (PSD2). million in October 2017. Other regions, including the U.S., Open banking is alive and thriving in the U.K., Such technology was used 17.5

Strategy 132

Strategy Data Operations Innovation 132

PYMNTS

MARCH 9, 2020

million households were underbanked in 2017. At the same time, bank branch closures appear to be accelerating, with small towns across the country losing a combined 14 percent of their banks between 2012 and 2017. Regional Banks, Credit Unions Compete. The bad news, however, is that it still means 8.4 Branch Deserts. ”

Community Bank 188

Community Bank Community Innovation Regional 188

PYMNTS

APRIL 24, 2019

“The new policy takes into account recent court decisions about notifications of purpose, and is consistent with a 2017 report by the Bureau’s Office of Inspector General that emphasized the importance of updating Office of Enforcement policies to reflect such developments,” the CFPB explained in a press release.

Policies 115

Policies Leadership Maine Regional 115

PYMNTS

JANUARY 31, 2019

The bank is one of several newly proposed community banks in the region, with goals of disrupting the financial services landscape, including business and corporate banking. is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C.

Community Bank 122

Community Bank Community FDIC Marketing 122

PYMNTS

NOVEMBER 18, 2019

The company said that it was leaving New York because of the “enactment of misguided regulations in New York City earlier this year.”. Gett acquired Juno in 2017 for about $250 million, in a move to expand in the region. The company had aspirations of going public by 2020, but those plans have potentially hit a roadblock. .

New York 100

New York New York City Operations Regional 100