PYMNTS

JANUARY 28, 2019

The report explores how companies in G20 nations are preparing for risks related to technological disruption, regulation and cybersecurity. “More must be done to ensure sufficient infrastructure and processes are in place to proactively manage business threats in 2019.”

Management 145

Management Risk Management Survey Security 145

PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. Between 2008 and 2018, approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance. financial services firms is $26.4

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

Bobsguide

OCTOBER 22, 2018

“The regulatory burden on a financial institution operating in multiple regimes - plus Brexit - is incredibly large,” said Harry Chopra, chief client officer of AxiomSL on the sidelines of Sibos 2018 in Sydney, Australia. “You get regulatory fatigue at some point,” said.

Regulation 68

Regulation Management Operations 68

PYMNTS

JANUARY 18, 2018

Regulation has undoubtedly acted as a catalyst to major financial services trends in areas like small business (SMB) lending, faster payments and, most recently, open banking and collaboration with FinTechs. In its Global Banking Outlook 2018 survey , EY assessed 221 financial institutions across 29 markets. Optimism Up.

Regulation 156

Regulation Innovation Fintech Marketing 156

Insights on Business

FEBRUARY 15, 2018

To help risk and compliance professionals understand the opportunities and navigate the fundamental changes happening to our business, IBM has designed a RegTech-focused curriculum for the upcoming Think 2018 conference happening March 19-22 in Las Vegas, NV. Think is the event where the problems of tomorrow meet the minds of today.

Las Vegas 87

Las Vegas Compliance NV Meeting 87

PYMNTS

JANUARY 25, 2021

In today’s top payments news around the world, India’s central bank wants stricter regulations for big shadow lenders, while global foreign direct investment (FDI) dropped last year and the pandemic will continue to impact it this year. The central bank of India wants more stringent regulations for large shadow lenders.

United States 217

United States Regulation Payments Lending 217

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

AUGUST 20, 2019

Middle market companies need help navigating the complexities of accounts payable management, especially when it comes to cross-border, cross-currency payments. That’s especially important as businesses gain scale, as they expand reach into new geographic areas — and as they grapple with AP operations.

Management 127

Management Payments Taxes Software 127

Perficient

AUGUST 16, 2020

However, you may not know that there are certain rules/regulations that must be accounted for so you can remain compliant with FCC regulations. This law was signed on February 16, 2018, and officially went into effect on February 16, 2020. On March 23, 2018, the President signed the RAY BAUM’S Act into law.

System 348

System Regulation Texas Compliance 348

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. Regulation E – Mistakes Made in the Consumer Liability/Error Resolution Process. The CFPB has frequently noted similar findings of Regulation E violations.).

FDIC 60

FDIC Compliance Regulation Training 60

PYMNTS

MARCH 26, 2018

Wells Fargo, weeks after it was hit with a rare enforcement action from the Federal Reserve, is overhauling its risk management processes and announced internally that four top risk management executives would be retiring. Three board members are on track to be replaced by April and a fourth by the end of 2018.

Risk Management 100

Risk Management Management Compliance Groups 100

PYMNTS

SEPTEMBER 23, 2020

Banks in the EU have been racing to comply with the General Data Protection Regulation ( GDPR ) and the revised Payment Services Directive ( PSD2 ) since both measures were enacted in 2018. FIs in Fidor’s native Germany should by now be familiar with the standards set by GDPR, PSD2 and other regulations aimed at online banking.

Compliance 225

Compliance Regulation Guidelines Security 225

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

Abrigo

JUNE 10, 2020

The former Chief Operational Risk Officer was fined for insufficient action on AML program deficiencies and staffing issues. The regulators don’t care what your budget is,” Luttrell says. Adequately staffed and risk-focused AML resources with good documentation are critical. The recent $450,000 fine of U.S. Get adequate resources.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

JANUARY 27, 2020

Other than online search, talks between the two groups will likely also focus on whether the Android operating system is another example of potential monopolistic control by Google , as well as the ideal allocation of investigatory labor among federal and state regulators. Thus far, U.S.

Google 130

Google Puerto Rico District of Columbia Meeting 130

PYMNTS

JANUARY 13, 2020

In today’s top payments news, Wells Fargo is trying to revamp its approach to technology to appease regulators, and Goldman Sachs finally launches a mobile app for its online-only bank, Marcus. Application program interfaces (APIs) bring much needed convenience to banks operating a variety of tools needed for daily operations.

Mobile 131

Mobile Payments Regulation Resources 131

PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems.

Mobile 229

Mobile Report America Regulation 229

PYMNTS

MARCH 8, 2018

In an interview with PYMNTS, Katy Jones, chief marketing officer of the company, agreed with the notion that, when it comes to food, supply chain management exists in an analog world in need of digital change, where visibility is limited. Compliance, of course, remains top of mind and urgent in practice.

Management 101

Management Compliance Technology Examples 101

PYMNTS

JULY 27, 2020

Michael Jaffe, the company’s insolvency administrator, said Wirecard has enough liquidity to keep operating for the time being. Also on Monday, a high-ranking German regulator has called for major changes in response to the Wirecard scandal. The $28 billion FinTech leader was once the envy of Europe. a share on Aug.

Company 165

Company Pennsylvania Payments America 165

PYMNTS

JANUARY 22, 2021

In 2018 the Supreme Court struck down a 1984 federal law that prohibited gambling in most states. And that opened up an entirely new playing field for online gaming establishments now free to operate in any state that would allow them. Casinos] use all kinds of tools including facial recognition with cameras everywhere,” Edwards said.

Online 181

Online Tennessee Regulation Michigan 181

PYMNTS

NOVEMBER 2, 2020

In 2018, the Postal Service piloted the FBI partership program at two post offices in Washington, D.C. At the General Services Administration ’s (GSA) Impact Summit Series on identity, Heather Dyer, the director of identity and access management at the U.S. The Postal Service operates 31,000 post offices, and 99 percent of the U.S.

US 191

US Washington Report Policies 191

PYMNTS

JANUARY 20, 2020

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. Africa’s working-age population is anticipated to go up to nearly one billion by 2030, up from 705 million in 2018, according to the African Development Bank.

Capital 131

Capital Groups Apple Operations 131

Insights on Business

MARCH 19, 2018

Up to 200 regulatory changes occur every day, varying from large scale regulation like Dodd Frank, to minute changes to the font and size of footnotes in regulation text. 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

JULY 9, 2019

A top court in India signed off on the Reserve Bank’s 2018 crypto ban after operators on the country’s exchange protested. The central bank is in charge of managing digital money in the country and wants to continue doing so, while also trying to manage money laundering concerns.

cryptocurrency 137

cryptocurrency Bitcoin Regulation Regional 137

PYMNTS

APRIL 15, 2019

Danish operations of Ernst & Young (EY) and KPMG are now under investigation by Danish police related to money laundering cases. In the wake of the Danske scandal, Denmark’s lawmakers are working to create tougher money laundering regulations.

Report 175

Report Regulation Management Operations 175

Insights on Business

JUNE 20, 2018

In today’s global marketplace, financial services firms must grapple with competition, increasing regulation and market volatility while also maintaining profitability and growth in a world disrupted by emerging technologies and fintechs. One significant challenge lies in how firms manage risk. Financial Risk .

Regulation 70

Regulation Compliance Analytics System 70

CB Insights

DECEMBER 15, 2020

Change has been long overdue for the wealth management industry, which is facing growing competition, outdated legacy tech , thinning margins , and an aging client base. Get the free 64-page download to learn how industries are using tech to reimagine nearly every facet of their operations. First name. Company Name. Phone number.

Management 87

Management Fintech Industry Trends 87

Insights on Business

MARCH 5, 2019

Reducing costs but appeasing regulators seems like an oxymoron, yet, many AML compliance and operations leaders are being asked to do just that. The question is, how to do this, while keeping the regulators happy? Even better, regulators have recently begun encouraging the application of these techniques.

Regulation 70

Regulation Compliance Analysis Innovation 70

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. For too long.

Meeting 52

Meeting Operations Customer Experience Technology 52

PYMNTS

DECEMBER 29, 2020

Though the industry moved to enable interoperability of mobile wallets in 2018, this is limited to only P2P payments, and is yet to be expanded to both merchant and agent interoperability and even to work seamlessly at P2P,” according to the draft of the Kenya National Payments System 2021-2025 report. million new mobile users.

National 160

National Policies Mobile Payments 160

PYMNTS

JULY 5, 2020

As details about the failed management of Wirecard AG unfold, it becomes clear that the company’s core business has been losing cash for years, the Financial Times reported. Ernst & Young , the company’s auditor, reported that from 2016 to 2018, Wirecard’s annual earnings nearly doubled to 439 million euros ($494 million).

Payments 170

Payments Cards America Report 170

PYMNTS

JANUARY 29, 2020

A significant number of firms — notably small- to medium-sized businesses (SMBs) — still use such systems, as 25 percent of smaller firms stated in 2018 that their payroll involved pen-and-paper methods. SMBs need to remain compliant with increasingly complex financial regulations. Taxes And The Automation Benefit.

Taxes 141

Taxes Fraud Tools System 141

PYMNTS

FEBRUARY 28, 2019

In the new Payments And The Platform Economy Playbook series, powered by Yapstone , PYMNTS examines the latest developments in the platform economy, and seeks to offer a roadmap for managing risks, optimizing rewards and creating a trusted business environment. Around the Payments and Platform Economy World.

Payments 183

Payments User Experience Training Case Study 183

PYMNTS

JANUARY 24, 2019

With third-party due diligence and supply chain security as increasingly critical components of organizations’ procurement operations, compliance executives are finding important positions in their firms’ purchasing processes. Automated risk management solutions can be helpful in theory.

Compliance 191

Compliance Risk Management Training Analysis 191

PYMNTS

OCTOBER 13, 2017

Banks must be mindful of the fact that often firms operate in multiple businesses, and banks can inadvertently misclassify customers. And, further, some regulations are taking shape that make such oversight easier. Other red flags can be triggered by a bank finding out in what businesses customers are really engaged. Misclassification?

Management 116

Management Examples Data Online 116

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. Some already handle issues such as payments and collections, foreign exchange (FX) support and liquidity management. Such technology was used 17.5

Strategy 132

Strategy Data Operations Innovation 132

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. consumers and businesses use open-banking enabled products to manage their finances and make payments. million in 2018 to roughly 6 billion in 2020. million U.K.

Data 188

Data Innovation Fintech Regulation 188