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. The Cost of Compliance. imposed a full $23.52

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

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

SEPTEMBER 12, 2019

Compliance failures are prevalent worldwide: Approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance between 2008 and 2018. billion — 91 percent — of those penalties, while European regulators demanded $1.7 A report found that the U.S. imposed a full $23.52 million. . resources.

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

JANUARY 26, 2020

Corbett stepped down from the job because it was “impossible” to overcome regulations on Bird Rides while Brexit was in process. The micromobility company launched in London in 2018, and has struggled since then to get its business off the ground. The eScooters receive active use within that area.

Regulation 133

Regulation Taxes Company Operations 133

Gonzobanker

FEBRUARY 7, 2018

Nothing seems to put a bounce in a banker’s step more than a tax break and regulatory relief, and this bountiful energy was radiating at Bank Director’s annual “mecca” for bank M&A in Phoenix last week – Acquire or be Acquired. For those in the know – simply AOBA. The chatter at AOBA centered on three important topics: #1: The Breaks.

Taxes 75

Taxes Video Analytics Arkansas 75

PYMNTS

JULY 2, 2020

The CEOs of the world’s four biggest technology companies will testify later this month before the House Judiciary Committee as lawmakers investigate competition in the tech industry, Reuters reported. Pichai testified in 2018 over charges that Google is politically biased in its treatment of content.

Google 171

Google Apple Rhode Island Taxes 171

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. Ensure good documentation.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

MARCH 14, 2019

Both corporates and banks have said Know Your Customer ( KYC ) regulations are their most pressing compliance concerns, with nearly three-quarters of businesses with more than $1 billion in revenues pointing to KYC as their top challenge. ” and an overall rise in complexity of current regulations. ” Technological Troubles.

Fraud 115

Fraud Survey Taxes Regulation 115

PYMNTS

OCTOBER 28, 2019

The 2018 South Dakota v. An additional 12 states have added or amended marketplace facilitator laws, and even more states are slated to implement remote seller tax laws in the next few years. . New remote seller laws hinder sales tax avoidance, and states are using the Wayfair ruling to apply additional tax forms to these sellers.

South Dakota 105

South Dakota Taxes Retail Arizona 105

PYMNTS

SEPTEMBER 5, 2019

Governments rely on tax revenues to fuel the vital services they provide to residents and businesses – from firefighting and public education to water system repair and road maintenance. Retail sales taxes have long been key sources of state governments’ budgets and have been their greatest single stream of revenue since the mid-1900s. .

South Dakota 116

South Dakota Taxes Policies North Dakota 116

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

NOVEMBER 22, 2019

President Barack Obama is warning about the potential negative impact that technology can have on society. President Barack Obama is warning about the potential negative impact technology can have on society. Politicians, as well as privacy advocates, have asked regulators to block the deal. Former U.S. South Dakota Decision.

South Dakota 101

South Dakota Apple Taxes Cards 101

PYMNTS

JANUARY 7, 2020

The financial center operates with its own legal, regulatory and tax infrastructure and traces its roots back to 2005. As reported by the Gulf Times , the Qatar Central Bank adopted new regulations in December that focus on combating money laundering and terrorist financing.

cryptocurrency 132

cryptocurrency Bitcoin blockchain Course 132

PYMNTS

AUGUST 2, 2019

Launched in 2018, the project monitors products sent via several steps to the customer, including product returns, to prevent counterfeit drives from being sent back. The technology could also be used to verify that any returned drives have undergone a “certified erase” process to remove any user data.

blockchain 148

blockchain Fraud Data Report 148

PYMNTS

DECEMBER 15, 2017

are anticipating new technologies and market trends for the year to come, with these professionals signaling interest in real-time and electronic payments. More than 80 percent agreed that a key priority for 2018 will be to continue focusing on operational efficiencies. In an announcement Thursday (Dec. ”

Marketing 116

Marketing Payments Survey Taxes 116

PYMNTS

OCTOBER 18, 2019

A document titled “Central Bank Money: The Next Generation,” part of a two-year research project, was reportedly presented to the current Bank of Canada Governor Stephen Poloz in 2018.

cryptocurrency 102

cryptocurrency Taxes Compliance Regulation 102

PYMNTS

NOVEMBER 13, 2017

Small business owners have a lot on their plates today and, depending on who one asks, top concerns range from taxes to late invoice payments. Still, less than half said they expect their local economies and the national economy to improve in 2018. Eighty-one percent of U.S. billion in working capital is on the books for U.K.

Taxes 105

Taxes Survey Capital America 105

PYMNTS

JANUARY 24, 2020

Government disbursements can range from child support payments and annual tax returns to pension and retirement fund payouts. The IRS has accepted digitally filed tax documents and issued digital refunds for years, and it received approximately 29 million electronic returns via direct deposit between February 2018 and February 2019.

Payments 130

Payments US Fraud Innovation 130

PYMNTS

JANUARY 12, 2017

And as payroll technology continues to evolve, corporates around the globe are struggling to keep up in varying markets faced with unique changes. One of these regulations is the Privacy Shield agreement, which regulates how data is moved between the EU and U.S. Bloomberg BNA highlighted Australia, Brazil, India, the U.K.

Data 100

Data Taxes Compliance Regulation 100

PYMNTS

DECEMBER 20, 2017

3, 2018, following “potentially manipulative transactions” last month. Malibu, California-based Crypto calls itself “one of the first publicly traded technology companies” providing investors with “responsible access” to digital currencies and blockchain. The company has a valuation of $11.9

Bitcoin 101

Bitcoin Company cryptocurrency Regulation 101

PYMNTS

JANUARY 10, 2019

Some might think of eCommerce as a global force, where technology underpins transactions done 24/7, and where even the smallest businesses can see significant top-line gains as they tap new markets. trillion) in 2018 alone, and growing at double digits into the current year. Working with Regulators.

United States 158

United States Regulation Compliance Strategy 158

PYMNTS

AUGUST 20, 2019

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. One solution may address tax issues, another currencies, and so on — and that approach, he said, works well for larger firms, but decidedly less well for everyone else.

Management 127

Management Payments Taxes Software 127

PYMNTS

JUNE 25, 2018

However, for many financial services firms, RegTech’s (Regulatory Technology) potential is limited by any number of causes. Among those factors: the cultural hallmarks of the organizations adopting such technologies. But without the marriage of technology and talent, he said, such efforts amount to a farce.

Risk Management 167

Risk Management Strategy Management Compliance 167

PYMNTS

APRIL 1, 2019

workforce (36 percent) participated in the gig economy during 2018. A December 2018 survey from Connect Solutions found that this kind of remote employment offers perks for both workers and employers. Accenture’s Technology Vision 2017 report found 100 of the Fortune 500 companies already used digital marketplaces to hire freelancers.

Payments 183

Payments Survey Online Company 183

PYMNTS

DECEMBER 7, 2017

Blockchain and crypto companies may be operating with cutting-edge technology, but in the back-office, accounting and bookkeeping strategies are stuck in the stone age. These businesses are desperate for technology that can work with that on which their companies were built, Benson said. Libra, which recently announced $7.8

blockchain 131

blockchain cryptocurrency Software Regulation 131

Abrigo

SEPTEMBER 12, 2019

With the passing of the Agriculture Improvement Act of 2018 (2018 Farm Bill) many manufacturers, retailers, and financial institutions believe CBD products are now fully legal at the federal level. In immediate response to the passing of the 2018 Farm Bill, then FDA Commissioner Scott Gottlieb, M.D.

Retail 150

Retail Policies Regulation Compliance 150

BankUnderground

JUNE 8, 2022

There is a lively debate about whether and how capital regulations for banks and insurers should be adjusted in response to climate change. First, these measures are likely to be directly influenced by the market reaction to regulators’ actions. Marco Bardoscia, Benjamin Guin and Misa Tanaka.

Capital 103

Capital Policies Tools Regulation 103

PYMNTS

FEBRUARY 21, 2018

According to reports, Kaliningrad governor Anton Alikhanov and VEB chairman Sergey Gorkov met with officials at the Russian Investment Forum to announce their collaboration using, according to Alikhanov, VEB’s “competence in the area of blockchain technology. In Spain, regulators are reportedly exploring how to support blockchain developers.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

JANUARY 22, 2020

As for the mechanics: An “account aggregator” system is being created by banks, and will be regulated and licensed by the central bank. The business of an account aggregator will be entirely information technology (IT)-driven,” notes the document, which also states that no other business can be conducted by the aggregator.

Data 141

Data Payments Regulation System 141

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

JANUARY 22, 2020

As for the mechanics: An “account aggregator” system is being created by banks, and will be regulated and licensed by the central bank. The business of an account aggregator will be entirely information technology (IT)-driven,” notes the document, which also states that no other business can be conducted by the aggregator.

Data 132

Data Regulation System Taxes 132

PYMNTS

APRIL 16, 2019

Parliament also passed protection for whistleblowers who bring crimes like tax evasion to light. The TIPS system, which was launched in 2018, is a challenge to payment companies and technology players such as PayPal. In a few years, we want Europe to set new global standards for instant payments technology,” Dombrovskis said.

System 116

System Taxes Regional Google 116

PYMNTS

JULY 13, 2018

The current quarter included a 10-cent per share income tax expense. . Officials said non-interest income was down $684 million from the first quarter of 2018, to about $9 billion in the second quarter, citing lower mortgage banking fees and other income. per share, while earnings came in at 98 cents. Revenue fell to $21.6

South Dakota 101

South Dakota San Francisco Indiana Wisconsin 101

PYMNTS

DECEMBER 8, 2016

company looking to do work abroad, it means you can’t ignore these various regulations, either. “If you want to roll out eInvoicing across your global enterprise, you need to be mindful of these different regulations in different parts of the globe that you need to be in compliance with,” he said. .

Compliance 100

Compliance Regulation Taxes Fraud 100

PYMNTS

SEPTEMBER 11, 2018

sports betting wave could become one of the hottest payments and commerce trends of 2018, with lawmakers and gamblers bringing the activity to more states, and league officials pushing for their cut. The state reportedly would impose a $250,000 licensing fee on betting providers, along with a 3 percent tax. Integrity Fees.

West Virginia 100

West Virginia Kentucky Rhode Island Mississippi 100

Abrigo

JANUARY 29, 2020

Technology has been a key resource for both ag borrowers and ag lenders seeking efficiency, growth, and profitability. The passing of the 2018 Farm Bill , for example, legalized the regulated production of hemp, and it is becoming a hot topic amongst producers and lenders. On January 28, the Federal Deposit Insurance Corp.

Lending 195

Lending How To FDIC Survey 195

PYMNTS

AUGUST 29, 2018

Blockchain technology is making ever-more inroads into various verticals to convey data and payments, according to a recent report from audit, assurance, consulting and tax services provider PwC, and appears to be moving away from cryptocurrencies in the process. Companies have dabbled in the lab,” the company wrote.

blockchain 101

blockchain Survey Taxes cryptocurrency 101