CFPB Monitor

SEPTEMBER 25, 2018

Noting, among other things, “retrenchment” on the federal level, the Maryland Financial Consumer Protection Act of 2018 ( HB 1634 ) was signed into law on May 15, 2018. Requires the Office of the Commissioner of Financial Regulation to study Fintech regulation. Increases in civil penalty amounts.

Maryland 74

Maryland Regulation Study Lending 74

PYMNTS

MARCH 12, 2019

As has been reported, the company has faced concerns over suspected money laundering, as noted in the Financial Times and elsewhere, and has been scrutinized by regulators including the Financial Conduct Authority (FCA) and in Lithuania (Revolut has a banking license in that country). In addition, she told PYMNTS that in the U.K.,

Regulation 148

Regulation Fraud Examples Data 148

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

FICO

NOVEMBER 13, 2018

Collection departments have been long accustomed to dealing with the ever-growing list of requirements from industry regulators. Now, pressures from internal finance departments reacting to changing accounting standards are creating additional stress, and the implications for managing collection agencies and debt buyers are far-reaching.

Regulation 63

Regulation Management Analytics Meeting 63

PYMNTS

MARCH 28, 2018

With concerns that technology companies can face more regulation, tech stocks were declining all over the globe — with the tech-heavy Nasdaq falling 2.9 That has led to concerns that more regulation of the entire tech sector is coming. That has spurred investigations into the matter by regulators and lawmakers in the U.S.

Regulation 108

Regulation Google Regional Marketing 108

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

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

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

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 2 Planning now and informing executive management of expected changes will enable NBFIs to move forward with anticipated rules and guidance.

Regulation 195

Regulation cryptocurrency Policies Management 195

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

MAY 22, 2020

Cardano’s idea could create a fiat-like experience for users, and it could open up possibilities like authenticating and managing luxury goods, like the ability to identify a Louis Vuitton bag, for instance. With new microchip tech by Cardano , cryptocurrency users would be able to access payment services without an internet connection.

blockchain 192

blockchain cryptocurrency Wyoming Regulation 192

Insights on Business

MAY 1, 2019

While deregulation has been a trend over the past few years, compliance monitoring and regulatory change management remains a top focus for financial institutions of all sizes. Some of the key themes our panelists discuss will focus on these main areas: 1. Volume of regulatory alerts.

Compliance 122

Compliance Management Regulation Analysis 122

PYMNTS

NOVEMBER 11, 2020

Big technology firms in China are suffering as regulatory issues continue, triggering falling share prices, according to a CNBC report on Wednesday (Nov. The State Administration for Market Regulation — China’s regulator — said on Tuesday (Nov. 2), China’s central bank and regulators outlined new rules for digital micro-lending.

Regulation 207

Regulation Marketing Groups Lending 207

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

DECEMBER 27, 2018

However, an awful lot is in fact different at the dusk of 2018 than it was at the dawn. The year 2018 saw massive changes in where consumers shop, how they pay, and what goods and services they want in their carts. Yet, as 2018 was coming to a close, Facebook was hit with just a bit more bad news. The Facebook Follies.

Retail 123

Retail Online Cards United States 123

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. The event brings business and technology together and will give you access to industry leaders who know more about the newest, future-leaning, world-changing technologies than anyone else.

Las Vegas 87

Las Vegas Compliance NV Meeting 87

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. In a release, Tipalti said earlier this month that it saw an increase of 250 percent in customer bookings in the first half of 2019 compared to the first half of 2018.

Management 127

Management Payments Taxes Software 127

PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank client preferences have moved toward self-service technologies over branch visits in recent years because of ease of use and improved convenience. Kobe Bryant’s VC Firm Holds More Than $2B in Assets .

Cards 131

Cards Technology social media Meeting 131

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

FICO

DECEMBER 13, 2017

In 2017, collections professionals were being pulled in multiple directions at once by regulations, digital transformation, customer demands and new ways of working. The regulations alone — IFRS 9, GDPR, PSD2, NPLG — are enough to make remembering your day job a challenge. So, will 2018 be more fun? Regulations.

Regulation 45

Regulation Guidelines Trends Millennials 45

PYMNTS

NOVEMBER 7, 2019

Hong Kong’s chief securities regulator is calling on the world regulators to get on the same page when it comes to Facebook’s Libra to avoid the “real risk of regulatory arbitrage.”. “If In 2018, the crypto world was seen to be of marginal importance to the global financial system.

blockchain 102

blockchain Bitcoin Regulation New York 102

PYMNTS

MARCH 29, 2019

The division aims to bring the bank up to speed on emerging technologies and potentially draft regulations in the future. “As As a regulator, the RBI also has to explore new emerging areas to check what can be adopted and what cannot,” a person familiar with the matter told The Economic Times. “A

blockchain 241

blockchain Payments cryptocurrency Regulation 241

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

Insights on Business

JULY 17, 2019

It’s gratifying to see IBM once again positioned in the Leaders Quadrant of the 2019 Gartner Magic Quadrant for IT Risk Management, released on July 3 rd for its OpenPages with Watson solution.* The solution enables companies to manage risk, regulatory challenges and regulatory change across the organization, spanning multiple regulations.

Risk Management 110

Risk Management Management Report Compliance 110

PYMNTS

SEPTEMBER 3, 2018

The term “thinking outside of the box” originates from advice that puzzle management consultants famously gave to clients in the 1970s and 1980s to encourage creative thinking. Consumers, not regulators, ultimately decide who wins and who loses” – Online Platforms: Why Consumers Rule And Regulators Don’t.

Innovation 100

Innovation Branding Retail Regulation 100

PYMNTS

JULY 4, 2018

February’s announcement that Visa would acquire long-time expense management partner Fraedom was the latest in a string of B2B payments initiatives for the credit card company. Among a flurry of regulatory changes in the payments market, t he Global Data Protection Regulation (GDPR) made a quiet — but long-lasting — impact.

blockchain 102

blockchain America Tools Payments 102

PYMNTS

MARCH 8, 2018

And as far as supply chains go, we’ll venture to say it could benefit from a technology upgrade. One firm, FoodLogiQ , a software as a service (SaaS) provider, seeks to boost transparency in the food supply chain, offering technology that improves traceability from end to end, with focus on compliance.

Management 101

Management Compliance Technology Examples 101

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. It has grown since then and served more than 30,000 customers.

US 191

US Washington Report Policies 191

PYMNTS

AUGUST 21, 2020

Citing sources in the technology sector, the Sky News report said Amazon Web Services and 10x Future Technologies had signed on as major service providers for the new venture. On its website, 10X Future Technologies describes itself as “leading a revolution with our next-generation cloud-native technology platform.”

Report 173

Report Digital Banking Lending Technology 173

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. It is likely that regulators will soon ask banks to come up with a plan.

Conference 195

Conference Payments Fraud Data 195

PYMNTS

SEPTEMBER 26, 2016

The newspaper cited Ripple’s use of blockchain technology and the ability of two small banks, one in Canada and one in Germany, to complete cross-border online transactions in record time as an example of the latest banking innovations. While most international bank transfers take days to complete, this took just 20 seconds.

Regulation 100

Regulation Fintech blockchain Mobile 100

PYMNTS

JANUARY 24, 2019

Dun & Bradstreet Global Head of Compliance and Supply Products Brian Alster said that, as the once-separate procurement and compliance efforts within organizations continue to converge, technology is going to play an increasingly critical role for businesses to manage the bombardment of risks, including fraud, non-compliance and cyberattacks.

Compliance 191

Compliance Risk Management Training Analysis 191

Insights on Business

MAY 25, 2018

Core to the discussion was how we build platforms: how we make fundamental shifts in our technology, processes, people and ultimately our markets to deliver better customer experiences, build skilled workforces, and solve industry-wide challenges. — IBM FinTech (@IBMFinTech) May 22, 2018. Enter the platform. Enter the platform.

Technology 93

Technology Training Customer Experience blockchain 93

PYMNTS

OCTOBER 8, 2018

He said that multiple public services such as elections and labor welfare will use the blockchain technology. The initiative, which is known as the Blockchain Urban Plan for 2018–2022, was announced in a Zurich visit. telecom regulator Ofcom notched $915,000 in funding for a blockchain project, Coindesk reported.

blockchain 176

blockchain Bitcoin Regulation Security 176

Abrigo

JUNE 10, 2020

The regulators don’t care what your budget is,” Luttrell says. But inadequate staffing appears in regulatory consent orders more often than many people would expect, and regulators are not sympathetic when it comes to violations as a result of underemployment in compliance. Get adequate resources. Focus BSA/AML resources on risk.

Resources 195

Resources Regulation Compliance Policies 195

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. What does this mean?

Regulation 70

Regulation Compliance Analysis Innovation 70

Insights on Business

MAY 3, 2018

Today, IBM proudly accepted two distinguished RegTech Awards 2018 for our innovations within IBM Watson Regulatory Compliance: “Best AI Solution for Regulatory Compliance”. Best Regulatory Alert Management Solution”. Regulators have found that banks do not have a full or accurate, timely view of their obligations.

Compliance 70

Compliance Innovation Regulation System 70