PYMNTS

JULY 2, 2020

The president of the Federal Financial Supervisory Authority (BaFin), Germany’s financial regulator, said the $2.1 But EY, Hufeld and regulators are facing scrutiny over how the once high-flying company managed to escape the industry’s standard accounting rules. It is plain vanilla, old-fashioned criminal behaviour,” Felix Hufeld said.

Regulation 142

Regulation Fraud Report Community 142

PYMNTS

JULY 15, 2020

The European Securities and Markets Authority (ESMA), the European Union’s (EU) financial watchdog, plans to examine how German regulators handled oversight of Wirecard AG , the collapsed payments company that is facing a series of criminal allegations. ESMA said they will conclude the inquiry by the end of October.

Regulation 141

Regulation Guidelines Groups Report 141

PYMNTS

JULY 31, 2020

Regulators in China are preparing to move against once-hot Luckin Coffee Inc. Securities and Exchange Commission (SEC) is investigating Luckin, which is domiciled in the Cayman Islands. In May, the Journal reported extensively on problems at Luckin , which was founded in 2017 and had been growing at a scalding pace.

Regulation 151

Regulation Fraud Report Security 151

PYMNTS

AUGUST 1, 2019

Investigators from the Federal Reserve carried out an inspection of Amazon ’s cloud in April as Washington looks into ways to regulate companies that provide the service. People familiar with the matter said the regulators were most interested in looking at Amazon’s resiliency and backup systems.

Regulation 108

Regulation Washington Virginia Seattle 108

Accenture

FEBRUARY 28, 2017

Despite this, I can see clear trends through our work with clients and observation of industry developments, and based on these, I have developed a set of predictions for 2017. The Paym mobile real-time payment service will continue to grow at 200% – 300% per year and will see around 10m payments in 2017. External/Open APIs.

Payments 150

Payments Bitcoin Samsung Fraud 150

Accenture

FEBRUARY 28, 2017

Despite this, I can see clear trends through our work with clients and observation of industry developments, and based on these, I have developed a set of predictions for 2017. The Paym mobile real-time payment service will continue to grow at 200% – 300% per year and will see around 10m payments in 2017. External/Open APIs.

Payments 150

Payments Bitcoin Samsung Fraud 150

PYMNTS

OCTOBER 8, 2018

According to The Wall Street Journal , the federal derivatives-market regulator also handed out around $900 million in penalties, higher than the amount in five of the eight years of the Obama administration. percent in 2017 to about $3.8 Total fines ordered through SEC enforcement activity fell 7.2

Regulation 159

Regulation cryptocurrency Minneapolis Fraud 159

Chris Skinner

MAY 22, 2017

The post Things worth reading: 23rd May 2017 appeared first on Chris Skinner's blog.

Regulation 157

Regulation Security 157

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

PYMNTS

JUNE 7, 2018

As financial institutions grapple with compliance costs, a finance industry organization in Asia wants regulators to allow new technologies that could help them fight money laundering. It was the second major case new CEO Matt Comyn settled with regulators in a month, following an admission of rate manipulation.

Regulation 162

Regulation Fintech Examples Industry 162

Chris Skinner

MAY 28, 2017

With the move to less regulation in … Money Sandboxes Research I recently had exposure to two industry reports that are worth bringing to your attention. Here’s how it went ….BANK: BANK: In your book, The Future of Banking in a Globalised World, you explore the impact of regulatory change on the banking industry.

Bitcoin 171

Bitcoin cryptocurrency Industry Regulation 171

PYMNTS

DECEMBER 12, 2019

The China Securities Regulatory Commission , China’s security watchdog, is setting up a technology regulation bureau and will announce Yao Qian as its new department chief, the Chinese business publication Caijing said on Wednesday (Dec. 11), as reported by Coindesk.

Bitcoin 131

Bitcoin Fraud Regulation social media 131

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

PYMNTS

JUNE 14, 2019

Google CEO Sundar Pichai pushed back against talk of regulating tech companies, saying that the move could have unintended consequences, according to a report by CNBC. “I I worry that if you regulate for the sake of regulating it, it has a lot of unintended consequences,” Pichai said.

Google 108

Google Regulation Comparison Leadership 108

PYMNTS

SEPTEMBER 17, 2020

The site reported that 1,932 BTMs were in the world in December 2017, while there were 4,009 by the close of 2018. There, people need to change a nation's money for cryptocurrency that isn’t regulated by a government or connected with it. But they have grown in popularity in markets that are not stable.

Bitcoin 178

Bitcoin ATM Security cryptocurrency 178

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

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

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 29, 2017

Here are seven developments in 2017 and a forecast of whether or not they will have a lasting impact. Unquestionably, 2017 was one of the most challenging ever in North America due to several natural disasters, which included several powerful hurricanes severely impacting the Caribbean and southern United States. Unplugging.

United States 123

United States Alaska Meeting California 123

PYMNTS

FEBRUARY 20, 2019

Google admitted that it didn’t tell users about a built-in microphone in its Nest Secure home security system, according to a report from Reuters. Nest Secure, a user-friendly home security system, costs around $400. In January, a hacker compromised a Nest security cam using passwords found from a third-party breach.

Google 115

Google System Security Video 115

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

PYMNTS

APRIL 2, 2019

Securities and Exchange Commission ( SEC ) is joining the ranks of large organizations hiring for the blockchain, The Next Web reported. The listing notes that the specialist should apply his or her knowledge of “federal securities laws to digital asset securities and crypto matters.” 24 as it climbed to as high as $4,135.60

Bitcoin 108

Bitcoin Regulation cryptocurrency blockchain 108

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

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

MARCH 15, 2018

Amazon Japan revealed news on Thursday (March 15) that its offices were raided by Japan’s fair trade regulator. Reuters noted this isn’t the first time Amazon Japan has supposedly run afoul of regulators in the country. Amazon Japan opted to stop doing that, which ended the inquiry in June 2017.

Regulation 117

Regulation Mobile Report Security 117

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. The FTC complaint alleges Equifax was aware of a security vulnerability in a database containing consumer inquiries about their personal credit data.

Data 99

Data Puerto Rico District of Columbia Security 99

PYMNTS

DECEMBER 29, 2016

So, what can corporates expect from their banks in 2017? In 2017, analysts say, corporate banking institutions need to keep cybersecurity top-of-mind when adopting new technologies to help them stay competitive. Cyberattacks will continue to threaten financial institutions in 2017,” Gazit wrote. FinTech Continues Its Disruption.

Security 181

Security Fintech Boston Fraud 181

PYMNTS

JULY 15, 2019

The rapid growth of cryptocurrency has come with closer scrutiny and a call for tighter anti-money-laundering (AML), know-your-customer (KYC) regulations. This push for regulations hasn’t come without controversy. Some think they go too far. False positives can bounce legit customers in the 0.8

cryptocurrency 129

cryptocurrency Regulation Guidelines User Experience 129

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

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

JULY 27, 2018

watchdog in charge of investor oversight proposed tough new regulations regarding peer-to-peer (P2P) lending platforms, in a bid to help consumers wade through the new landscape, according to a report by Reuters. has also sought clarity on regulations as a means to better compete against established banks.

Lending 102

Lending Regulation Fintech Study 102

PYMNTS

OCTOBER 11, 2016

Ant Financial’s potential investors should mark their calendars for late 2017. Experts say Ant Financial joins a long list of 700+ companies facing Chinese regulators in order to start the IPO listing process. That’s the date — could even be later — that Ant Financial is slated to have its IPO.

Lending 100

Lending Online Regulation Security 100

PYMNTS

NOVEMBER 7, 2016

Last week, the Fed’s Secure Payments Task Force called for comment from industry stakeholders about what challenges they face when it comes to payments security. “The Secure Payments Task Force is particularly interested in understanding any barriers that may exist to implementing the planned solutions.”

Security 193

Security Payments Survey Innovation 193

CFPB Monitor

DECEMBER 9, 2021

The CFPB has issued a final rule amending Regulation Z to address the discontinuation of the London Inter-Bank Offered Rate (LIBOR) that is currently used by many creditors as the index for calculating the interest rate on credit cards and other variable-rate consumer credit products. Change in index. Dollar LIBOR indices. (The

Regulation 78

Regulation Cards Compliance Groups 78

South State Correspondent

OCTOBER 9, 2019

However, regulators, for various reasons, are driving a shift to an alternative reference rate. In 2017, ARRC (Alternative Reference Rate Committee) identified the alternative reference rate in the US as SOFR (Secured Overnight Financing Rate). Most community banks use LIBOR sparingly in their loan and deposit contracts.

Community Bank 170

Community Bank Community Regulation US 170

PYMNTS

DECEMBER 30, 2020

Securities and Exchange Commission filed a lawsuit against Ripple for trading the cryptocurrency without registering it as a security. Binance , Bittrex and Crypto.com have all announced that they will delist XRP following last week’s news that the U.S. Binance said in a blog post that it will suspend XRP trading on Jan.

Bitcoin 251

Bitcoin cryptocurrency Security Regulation 251

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