Insights on Business

JANUARY 25, 2019

Looking at the top five blog entries of 2018, we see that using technology to meet the ever-increasing scale and rate of regulatory change is top of mind for financial service organizations. As Marc Andrew’s notes in his blog, Demystifying AI for risk and compliance , in 2018, we saw AI tackle exhausting regulatory requirements.

Marketing 79

Marketing blockchain Compliance Innovation 79

PYMNTS

DECEMBER 7, 2018

One bill, the Virtual Currency Consumer Protection Act of 2018, calls for research on price manipulation of digital currencies to help keep investors safe. Securities and Exchange Commission (SEC) Chairman Jay Clayton in an attempt to get more clarity on cryptocurrency regulation. And a second bill, the U.S.

Regulation 139

Regulation US cryptocurrency blockchain 139

PYMNTS

NOVEMBER 9, 2018

percent of retailers have said they innovate to improve customer loyalty. That, in fact, is one of the main findings in the new Retail Innovation Readiness Index from PYMNTS, powered by FinTech firm AEVI. Things have changed, though, he said — one reason why that innovation finding carries such weight. “I Innovation Divide.

Innovation 174

Innovation Retail Maine Security 174

PYMNTS

MARCH 9, 2018

While the European Banking Authority has created a “roadmap” on how to regulate emerging FinTech services, the body is not keen on creating a unified approach to cryptocurrency regulation — at least not yet, Reuters reported.

Regulation 133

Regulation Fintech cryptocurrency Bitcoin 133

PYMNTS

APRIL 22, 2020

The surge in gig workers and independent contractors has professionals, service providers and regulators engaged in new debates about what it means to be an employee or a small business. ACH Innovation Breaks The Mold. One of the biggest barriers to payroll innovation in recent decades has been the process’s reliance on ACH.

Innovation 155

Innovation Payments Fintech System 155

PYMNTS

FEBRUARY 13, 2019

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. If it passes, Bithumb’s UAE exchange could launch around the middle of the year. Bithumb has certainly been busy.

blockchain 128

blockchain Fintech Bitcoin cryptocurrency 128

Gonzobanker

DECEMBER 20, 2018

GonzoBankers, 2018 has been a troublesome year. about the best and worst in banking for 2018 and get fired up to start again in ’19. Ladies and gentlemen, we bring you the 2018 GonzoBanker Awards ! Although all banks faced stock headwinds in 2018, we give the nod to William Demchak at PNC Financial Services.

Fintech 102

Fintech Conference Innovation Community 102

PYMNTS

MARCH 18, 2019

It’s been a whirlwind few weeks — OK, make that months — for big tech firms as regulators look ever more closely at business tactics. The comments of course come after controversy in 2018 that saw Facebook begin to face — and now continues to face — scrutiny over its data collection and privacy practices.

Regulation 159

Regulation social media Google Taxes 159

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

APRIL 18, 2022

Innovation is key in the world of decentralized currencies The United States will have to be creative to stay competitive globally as digital assets enter the mainstream. Takeaway 3 As global interest in digital assets continues to rise, expect to see more regulation and even centralization of digital currency. Rapid Growth.

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

PYMNTS

OCTOBER 16, 2020

The pandemic has dealt blows to many markets, but so far, London's FinTech market appears to be coping well, the release stated, with data suggesting that around 95 percent of the U.K.'s Global investments are below the levels of pre-pandemic days, but London FinTechs have surpassed their 2018 venture capital totals of $2.3

San Francisco 265

San Francisco Fintech New York City Data 265

PYMNTS

JANUARY 11, 2021

Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). Storonsky said Revolut wants to develop “many more innovative products” that will advance “innovation and competition” across the financial services sector. British challenger bank Revolut has submitted a banking license application to the U.K.

cryptocurrency 216

cryptocurrency Leadership Bitcoin Fintech 216

PYMNTS

AUGUST 14, 2020

Ant Group indicated in July that it had begun the procedure for a dual listing in Shanghai on STAR Market and in Hong Kong. In a 2018 fundraising round, the firm was valued at $150 billion. Through our commitment to serving the under-served, we make it possible for the whole of society to share our growth.”.

Groups 262

Groups Security Report Regulation 262

CFPB Monitor

AUGUST 15, 2018

Last week the CFPB announced an initiative to create a Global Financial Innovation Network (GFIN) with 11 other financial regulators and related organizations across the globe. The GFIN working group is encouraging responses and feedback from interested parties to 10 questions posed within the Consultation Document by October 14, 2018.

Regulation 68

Regulation Fintech United States Innovation 68

CFPB Monitor

OCTOBER 17, 2018

The CFPB’s Fall 2018 rulemaking agenda has been published by the Office of Information and Regulatory Affairs (OIRA) as part of its Fall 2018 Unified Agenda of Federal Regulatory and Deregulatory Actions. The Fall 2018 agenda reclassifies the Section 1071 rulemaking as a long-term action item.

Regulation 68

Regulation Compliance Lending Cards 68

PYMNTS

JANUARY 31, 2019

Mastercard has released its latest report on the FinTech landscape, with analysts fixing their eyes on the small business (SMB) community to drive competition and innovation. Another key trend is the role of SMBs, the report noted, claiming that small businesses were “the next battleground for FinTech.”.

Fintech 194

Fintech Innovation Trends Community 194

Abrigo

MARCH 7, 2022

Experts weigh in on regulatory hot topics for 2022 Review these 10 insights into what regulators are looking for in 2022 to help your financial institution pass exams with flying colors. Takeaway 1 Regulators have increased their focus on BSA in the first quarter of 2022, and the crisis in Ukraine will put OFAC in the spotlight.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

PYMNTS

SEPTEMBER 4, 2020

Since January, the European Central Bank (ECB), which oversees the biggest European Union lenders, has eased regulations to encourage mergers and reduced the capital requirements for such transactions, the news service reported. Regulators say consolidation in the banking sector would lower costs, improving efficiency and boost profits.

New York 188

New York Regulation Customer Experience Report 188

PYMNTS

JULY 24, 2020

Open banking is often associated with the European Union (EU) almost by default as the region pushes the envelope further on regulation than anywhere, partly to encourage — but also to keep up with — imaginative FinTech innovators going to market throughout the Eurozone. FinTechs Flourishing. Similarities To The EU.

America 168

America Regional Regulation Fintech 168

PYMNTS

FEBRUARY 8, 2018

percent of domestic and cross-border payments in December 2017, SWIFT found, with the company’s Head of Payments Markets, Asia-Pacific, Michael Moon noting, “Experts suggest that capital controls and uncertainties over future regulations mean that a significant reversal of the decline in RMB usage for trade and payments is unlikely in 2018.”.

Innovation 111

Innovation Payments blockchain Analysis 111

Abrigo

MARCH 11, 2022

Expert insights on 10 regulatory topics that NBFIs should consider this year Review this list of what regulators are looking for in 2022 to help your NBFI pass exams with flying colors. Takeaway 3 NBFIs should review common deficiencies in AML programs that regulators are citing and fix issues before their next audit or exam.

Regulation 195

Regulation cryptocurrency Policies Management 195

PYMNTS

FEBRUARY 3, 2020

This prospective growth can largely be attributed to the Monetary Authority of Singapore (MAS), the region’s main regulator, which announced in June 2018 that it would grant five digital banking licenses to third-party companies. APIs and open banking growth. APIs are critical, as they enable further digital banking connectivity. “In

Digital Banking 185

Digital Banking Innovation Maine Regulation 185

PYMNTS

JANUARY 20, 2021

Generally speaking, that data sharing paves the way for a streamlined banking experience, especially over online and mobile conduits, via regulated providers. million in 2018 to roughly 6 billion in 2020. As for open banking here in the states, as noted in this space late last year , regulators are refocusing on the space.

Data 188

Data Innovation Fintech Regulation 188

PYMNTS

FEBRUARY 24, 2020

billion-strong, high-spending consumers and their willingness to adapt to new technologies, trends and products may represent the economy of the future for many banks and businesses, but it is notoriously difficult for firms to enter and compete in this market. Confronting the Chinese Privacy Myth .

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

DECEMBER 14, 2018

In this month’s Deep Dive, PYMNTS examines how data can improve customers’ experiences, and how regulations can keep their data safe. More Data, More Innovation. market is seeing an uptick in faster and real-time payments transactions. The market completed roughly 1.3 Some of the benefits can be seen in the U.K.

Payments 180

Payments Regulation Data Security 180

Insights on Business

FEBRUARY 15, 2018

Faced with massively escalating data volumes, exponentially growing regulatory requirements, legacy risk and IT systems that just aren’t up to the new reality and increasing market pressure to improve performance, something has to change. Learn more about and register for IBM Think 2018 here.

Las Vegas 87

Las Vegas Compliance NV Meeting 87

PYMNTS

NOVEMBER 9, 2020

In banking, collaboration — between the traditional players like banks and the tech savvy FinTechs bringing a slew of new apps to market — is key. there are indications that the opening of data flows between financial services companies has led to strong innovation (and demand for that innovation), and more regulation may loom.

Fintech 285

Fintech Data Regulation Innovation 285

NCR

APRIL 10, 2018

The Reserve Bank of India (RBI) has announced new measures prohibiting the country’s regulated financial institutions from dealing in cryptocurrencies, also known as virtual currencies (VCs). “Regulated entities which already provide such services shall exit the relationship within a specified time.”

cryptocurrency 49

cryptocurrency Regulation Bitcoin blockchain 49

PYMNTS

NOVEMBER 18, 2018

Visa , American Express and Mastercard are among the payment companies that are the subject of an inquiry by Brazilian regulators. Bloomberg reported that Visa said it was cooperating with the Brazilian regulators that launched the inquiry in October. earlier in 2018.

Regulation 173

Regulation Payments Meeting Strategy 173

PYMNTS

JULY 4, 2018

The B2B payments market is already enjoying a solid year, thanks to some of the biggest names in payments and FinTech taking a solid stance in the space. You have to do so in a thoughtful way, one bit at a time, versus either assuming the answer is simple or assuming the market is complex and there is an easy answer.”.

blockchain 102

blockchain America Tools Payments 102

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. But they have grown in popularity in markets that are not stable. There, people need to change a nation's money for cryptocurrency that isn’t regulated by a government or connected with it.

Bitcoin 178

Bitcoin ATM Security cryptocurrency 178

PYMNTS

JUNE 4, 2018

Reports of her 2018 internet trends presentation have been hard to avoid in recent days, and not every Meeker observation rises to the level of news or wisdom. on-demand workforce will increase 23 percent year over year in 2018, with some 6.8 According to her research, the U.S. million workers classified as such.

Google 110

Google United States Trends Data 110

NCR

FEBRUARY 9, 2018

While there are all sorts of suggestions for what banks will need to look out for in 2018, one factor that they may need to pay particularly close attention to is the rise of a new type of competitor – one that will already be familiar to most customers. Why big tech could shake up the market. appeared first on Banking.com.

Google 73

Google Examples Branding Technology 73

PYMNTS

MAY 3, 2020

Bó and Mettle will be merged and will target the small- to medium-sized business (SMB) market. We’ve always said that we will look to innovate. Bó was first launched by RBS in September 2018 to address the increasing popularity of newer electronic banks like Monzo, Revolut and Starling.

Branding 181

Branding Resources Digital Banking Regulation 181

PYMNTS

JANUARY 11, 2019

Excuse the hyperbole, but Google (and other search engines) dodged a bullet this week when it came to privacy regulations that come out of the European Union and then influence other jurisdictions. Google ran afoul of France’s national privacy regulator about three years ago for allegedly violating that right. Case Summary.

Google 191

Google Regulation Course California 191

PYMNTS

DECEMBER 28, 2018

It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). Financial services regulations are notorious for their complexity and ever-changing demands for financial institutions and corporates, but another fuel for development in the KYC space was the FinTech community.

Compliance 186

Compliance Regulation blockchain Taxes 186

PYMNTS

JUNE 8, 2020

Retailers have had to swiftly adapt to markets where online transactions have ballooned exponentially. The shifts to SCA payment limits as well as its deadline are showing regulators how the rule is currently working for merchants and consumers and suggesting how it could indicate broader, more complex upgrades to open banking in the future.

Payments 150

Payments Regulation Retail Online 150