PYMNTS

JANUARY 22, 2020

Previously serving as its executive vice president of operations, Schroeder steps in for Judith McGuire, who is now serving in an executive role with PULSE’s parent company, Discover Financial Services. Jim Lerdal will take over the position of executive vice president of operations. percent in 2018, reaching an estimated 68.5

ATM 130

ATM Operations Management Fraud 130

PYMNTS

NOVEMBER 9, 2018

MoneyGram shares sank as much as 25 percent during intraday trading on Friday (November 9), as the company reported results that reflected the impact of new compliance rules to stop fraudulent transactions, which has hurt top line momentum — and which will continue. Compliance Efforts, Continued.

Compliance 160

Compliance Fraud Operations Management 160

PYMNTS

AUGUST 7, 2019

6) that the nation’s central bank has suspended the company’s activities because it allegedly failed to provide the government with required financial data on its operations this year. SatchelPay received its electronic money institution license in March of 2018, reports noted. The Industry Spread reported Tuesday (Aug.

Operations 101

Operations Regional Compliance Report 101

Insights on Business

MARCH 19, 2018

Maintaining regulatory compliance is a daunting task. Banks and financial institutions are looking for any advantage they can get to streamline operations and reduce compliance costs. Banks and financial institutions are looking for any advantage they can get to streamline operations and reduce compliance costs.

Compliance 135

Compliance Meeting Regulation Comparison 135

PYMNTS

SEPTEMBER 17, 2018

The problem is that certain technologies struggle to gain traction within fleet operations. According to Sid Nair, senior director of transport and compliance at Teletrac Navman, fleet managers appear to be adopting technologies like ELDs merely to maintain compliance.

Compliance 139

Compliance Industry Technology Data 139

Insights on Business

JUNE 18, 2018

Innovators and industry leaders across the marketplace will discuss the impact of technologies like artificial intelligence and machine learning and how they are being used to give security firms new insights from risk management to compliance. There will also be many great panel discussions at SIFMA 2018. IBM keynote. IBM panelists.

Conference 70

Conference Fintech blockchain Compliance 70

Insights on Business

FEBRUARY 15, 2018

New methodologies and technologies such as artificial intelligence are empowering firms to finally gain control of their risk and compliance efforts. Transforming the way compliance departments operate to meet the new reality requires an investment in technology.

Las Vegas 87

Las Vegas Compliance NV Meeting 87

Insights on Business

FEBRUARY 7, 2018

Enter, IBM Think 2018 , the premier business and technology event of the year that underscores and emphasizes the bond between business and technology. If you look for a common theme among the financial and banking sessions, speakers, demos and client stories at Think 2018, it is disruption through agility. Risk & compliance.

Las Vegas 111

Las Vegas blockchain NV Conference 111

ABA Community Banking

JANUARY 7, 2019

Continuity recently shared its perspective on surprises in 2018 and what lies in store for 2019 Financial Research Feature Financial Trends Compliance Risk Management Compliance Management Operational Risk Compliance/Regulatory Consumer Compliance Mortgage Compliance Feature3 Fintech.

Compliance 45

Compliance Trends Management System 45

PYMNTS

JULY 5, 2018

The inner workings of such a relationship are complex, not only as banks ensure that their FinTech partners’ solutions can integrate seamlessly into existing operations and infrastructure, but as banks face increasing regulatory pressures around data security. Banks, meanwhile, enjoy out-of-the-box solutions.

Compliance 109

Compliance Fintech Marketing Security 109

CFPB Monitor

JUNE 18, 2019

Last week, the FDIC published its Consumer Compliance Supervisory Highlights that provides observations about its consumer compliance supervision activities in 2018. The CFPB has frequently noted similar findings of Regulation E violations.). Lines of Credit – Finance Charge Calculation and Disclosure.

FDIC 60

FDIC Compliance Regulation Training 60

PYMNTS

SEPTEMBER 10, 2019

In other news, crypto trading platform BitMEX has lost its chief operating officer (COO). Bloomberg reported that Angelina Kwan has left the company just weeks before her first anniversary. “We We can confirm that Angelina Kwan is leaving the company and is on gardening leave now.

Compliance 101

Compliance Bitcoin cryptocurrency Meeting 101

Insights on Business

AUGUST 10, 2018

Given IBM’s experiences helping clients accelerate their digital transformation journey with Cloud and AI, we’re particularly excited that “Enabling the digital economy” is the Sibos 2018 conference theme. IBM at Sibos 2018. Stay tuned for more blogs on Sibos 2018! Using IBM QRadar Advisor with Watson, Cargills Bank Ltd.

Conference 98

Conference Regional Examples Payments 98

PYMNTS

APRIL 30, 2019

million during its first year of operations. While 2018 was a challenging year for the industry, I am pleased with the ways in which our team navigated difficult market dynamics, and believe we are well-positioned to scale our business strategically over time,” Novogratz said in a press release. The decrease was mainly due to $48.7

Bitcoin 100

Bitcoin Company social media cryptocurrency 100

PYMNTS

NOVEMBER 9, 2020

Foreign companies operating in Turkey that reach more than 1 million people daily have been told about some of the rules they need to comply with,” Sayan said on social media. The decision marks a landmark moment for WhatsApp, which first launched a test run of its new Indian payment service in 2018 with an initial user base of 1 million.

Regulation 211

Regulation social media Compliance California 211

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

CB Insights

OCTOBER 21, 2018

The 2018 Fintech 250 have raised approximately $53B in aggregate funding across 947 deals since 2013, and includes startups at different investment stages of development, from early-stage (seed/Series A) companies to well-funded unicorns. Outside the US: 44% of the 2018 Fintech 250 are based outside the US. Please click to enlarge.

Fintech 78

Fintech Lending Capital Analytics 78

Abrigo

JANUARY 30, 2023

You might also like this webinar, " AML Compliance and Sanctions Requirements for Non-Bank Financial Institutions " WATCH NOW Takeaway 1 The CRE market’s complex financing methods and unique ownership structures make it conducive to hiding money laundering schemes. sales volume averaged nearly 14 percent between 2014 and 2018.

Marketing 195

Marketing Fraud Compliance Training 195

Insights on Business

AUGUST 10, 2018

Given IBM’s experiences helping clients accelerate their digital transformation journey with Cloud and AI, we’re particularly excited that “Enabling the digital economy” is the Sibos 2018 conference theme. IBM at Sibos 2018. Stay tuned for more blogs on Sibos 2018! Using IBM QRadar Advisor with Watson, Cargills Bank Ltd.

Conference 70

Conference Regional Examples Payments 70

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. A report found that the U.S. imposed a full $23.52 billion and the Middle East levied $9.5 million. .

Fraud 189

Fraud Fintech Compliance Regulation 189

CFPB Monitor

MAY 25, 2022

The CFPB announced earlier this week that as part of a new approach to innovation in consumer finance, it is replacing its Office of Innovation and Operation Catalyst with a new office, the Office of Competition and Innovation, and eliminating its No Action Letter (NAL) and Compliance Assistance Sandbox (CAS) programs.

Innovation 78

Innovation Compliance Marketing Regulation 78

Abrigo

DECEMBER 5, 2019

The much-needed guidance comes almost a year after The Agriculture Improvement Act of 2018 (2018 Farm Bill) was signed into law. The 2018 Farm Bill removed hemp as a Schedule I narcotic under the Controlled Substances Act and directs the United States Department of Agriculture (USDA) to regulate legal hemp cultivation and production.

Regulation 195

Regulation United States Training Compliance 195

PYMNTS

JULY 5, 2020

It’s intended to “enhance the availability of financial services and the financial transparency of hemp-related businesses in compliance with federal law,” the notice said. Hemp, a strain of cannabis with lower concentrations of THC, the substance that makes users high, was legalized in 2018. Hemp Inc.,

US 352

US Nevada Arizona Guidelines 352

PYMNTS

JANUARY 3, 2020

In an interview with PYMNTS, Liz Armbruester, senior vice president of Global Compliance at Avalara , said 2019 represented a watershed year for tax compliance as states embraced the economic nexus model and passed marketplace facilitator laws. Even the consequences of non-compliance can be fragmented. Cross Border Complexity.

Online 132

Online Taxes Compliance Missouri 132

PYMNTS

DECEMBER 24, 2018

And, because Fair does not underwrite loans, but instead operates a subscription car rental service, it does not check a consumer’s credit. “If The goal is to use naive AI, partnered with human researchers, business leaders, operations managers and a host of others, to create “Ah-Ha!” You don’t pay more because you have bad credit.

Data 151

Data Payments System social media 151

Abrigo

JUNE 10, 2020

The former Chief Operational Risk Officer was fined for insufficient action on AML program deficiencies and staffing issues. Abrigo Compliance & Engagement Director Terri Luttrell, CAMS-Audit, says that fines against individual BSA professionals are rare. The recent $450,000 fine of U.S.

Resources 195

Resources Regulation Compliance Policies 195

FICO

JANUARY 18, 2019

Despite advances in customer due diligence, including the addition of advanced analytics to compliance officers’ toolkits, the scandals of 2018 confirmed that many banks are struggling to bring their operations up to regulators’ standards, to say nothing of best practices. Watch this space for more on financial crime compliance!

Compliance 40

Compliance Regulation Taxes Analytics 40

CFPB Monitor

MARCH 11, 2019

The new status report sets forth the parties’ views on whether the court should continue to stay the lawsuit and the Payday Rule’s August 19, 2019 compliance date. The stays were entered in, respectively, June 2018 and November 2018 “pending further order of the court.”

Compliance 68

Compliance Groups Report Payments 68

PYMNTS

AUGUST 22, 2019

With our pilot operation in the A1 shops we are testing the demand and acceptance of digital currencies in Austria,” Markus Schreiber, head of A1 business marketing, said in the press release. Established in 1881, A1 reportedly operates about 2.1 Schreiber said the slow rollout is in line with its aim to ensure safety and compliance.

cryptocurrency 152

cryptocurrency Compliance Bitcoin Operations 152

Perficient

AUGUST 16, 2020

This law was signed on February 16, 2018, and officially went into effect on February 16, 2020. This law will apply to manufacturers, sellers, lessors, and nay business that installs manages, or operates an MLTS. On March 23, 2018, the President signed the RAY BAUM’S Act into law. RAY BUAM’S Act.

System 348

System Regulation Texas Compliance 348

PYMNTS

JANUARY 6, 2020

Australia challenger bank Judo Bank has announced a collaboration with credit management Software-as-a-Service (SaaS) provider InfraRisk to bolster its small business lending operations. The company has secured a full banking license in 2018, enabling it to accept deposits. A press release issued on Sunday (Jan.

Lending 131

Lending Analytics Compliance Fintech 131

FICO

JULY 13, 2020

Two months ago, I posted about why it is important for collections operations to adopt a forward-looking approach to debt management – basically the importance of having a clear and compelling vision. New guidelines from the FCA that call for operational resilience in collections reinforce this point. The Expectation for Resilience.

Meeting 52

Meeting Operations Customer Experience Technology 52

PYMNTS

JULY 28, 2020

Fifty-eight percent of worldwide eCommerce transactions were made using these platforms in 2018, for example, and consumers have since become even more accustomed to them. Robust international operations require winning over many sellers and operating smoothly around the world, activities that can be challenging for platforms.

Marketing 159

Marketing Regulation National Operations 159

Bank Innovation

MARCH 29, 2018

The technology has been touted as solving just about every problem bankers face, but as Adam Ludwin, CEO of Chain, told us in San Francisco at Bank Innovation 2018 earlier.Read More. Blockchain technology has been talked about in banking for so long that readers here can be excused for being a bit jaded on the subject.

San Francisco 305

San Francisco blockchain Video Innovation 305

Perficient

MAY 27, 2022

Since 2014, New York has only allowed crypto companies to operate in the state if they obtain a BitLicense, and even then, licensed companies are limited in the types of digital assets they can sell. For instance, Coinbase can only offer about half the coins available on its platform to New York customers.

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

CFPB Monitor

SEPTEMBER 11, 2018

The CFPB’s newly-released Summer 2018 edition of Supervisory Highlights represents the CFPB’s first Supervisory Highlights report covering supervisory activities conducted under Acting Director Mick Mulvaney’s leadership. On October 10, 2018, from 12 p.m. On October 10, 2018, from 12 p.m. to 1 p.m. Credit cards.

Lending 68

Lending Policies Compliance Cards 68

Bank Innovation

MARCH 2, 2018

The 16 registered cryptocurrency exchanges currently operating in Japan will soon form a self-regulating body, after a $530 million heist of digital coins in the region led to investor concerns, Reuters reported today.

cryptocurrency 199

cryptocurrency Regional Regulation Operations 199