PYMNTS

OCTOBER 22, 2020

Ant Group has won the nod from China's top security regulators for its Shanghai offering, the last hurdle to clear for the $35 billion dual listing, Reuters reports. In September , Shanghai regulators approved the listing. The Hong Kong sale is being managed China International Capital Corp. , Citigroup , J.P. billion yuan.

Groups 175

Groups Capital Regulation Fintech 175

PYMNTS

JULY 8, 2019

To that end, Andrea Enria, the European Central Bank supervisor, said this past week that the European banking system is operating with excess capacity, and that efficiency might be spurred by mergers and acquisitions. The EBA had rejected the report, and had also voted to close the investigation. Some Fines in the EU, Too.

System 108

System Regulation Capital Report 108

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

PYMNTS

NOVEMBER 26, 2019

The Prudential Regulation Authority (PRA), the supervisory arm of the Bank of England (BoE), has fined Citigroup a record-breaking $56.3 The regulator said the data it received from Citigroup was not acceptable, and the way the bank handled the reporting processes was not effective.

Capital 136

Capital Regulation Meeting Resources 136

PYMNTS

JANUARY 9, 2020

The increased regulatory and capital requirements for China’s P2P lenders should continue to put pressure on the sustainability of business models across the sector in 2020, leading to further industry contraction,” said Katie Chen, director for non bank financial institutions at Fitch Ratings, told the South China Morning Post Tuessday (Jan.

Lending 131

Lending Regulation Capital Industry 131

Independent Banker

FEBRUARY 28, 2022

The ICBA Capital Summit is the premier event for community bankers looking to advocate for their industry. In person for the first time since 2019, the ICBA Capital Summit in Washington, D.C., No other event provides more opportunities for community bankers to engage with lawmakers, regulators and government officials.

Community 180

Community Washington Community Bank Capital 180

Bobsguide

MARCH 17, 2022

In particular, RiskAver t the comprehensive risk management platform for capital adequacy, was enhanced to incorporate the NPE Prudential Backstop module that enables Financial Institutions to meet regulatory requirements for the calculation and reporting of minimum losses for NPEs.

Risk Management 78

Risk Management Regulation Meeting Compliance 78

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

Abrigo

JUNE 14, 2021

In 2019, OFAC issued new guidance on the essential components of a strong OFAC compliance program. Common root causes include: Lack of a formal OFAC SCP Misinterpretation or failure to understand OFAC regulations Facilitating transactions by non-U.S. BSA Rules and Regulation. BSA Rules and Regulation. Conclusion.

Compliance 370

Compliance Training Resources Policies 370

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions. Section 4008 – Debt Guaranty Authority.

Regulation 122

Regulation United States Community Bank National 122

Independent Banker

NOVEMBER 30, 2021

State Bank of Texas, led by president Sushil Patel (center), has a niche working with hospitality customers like Reena and Arun Patel, who own and operate a La Quinta hotel in Dallas. Between the [Trump] administration and Congress and the regulators, they did a terrific job of allowing banks to work with their borrowers,” says Jeff W.

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Community Bank Community Texas Dallas 209

PYMNTS

OCTOBER 22, 2020

Plus, Ant Group has received approval from top security regulators for its Shanghai offering. billion kronor (approximately $171 million) infusion in 2019. The Hong Kong sale is being managed by Citigroup, China International Capital Corp., Swedish Startup Lendify Closes $115M Funding Deal. Morgan Stanley and J.P.

Security 134

Security Groups Payments Regulation 134

PYMNTS

DECEMBER 7, 2018

Not to ruin your holiday spirit, but let’s start this story with the cold and brutal truth: One of the largest risks that payments and commerce operators face in 2019 is being called to account by government officials, regulators or media about a failure to secure their organizations from cyberattacks. and other places.

Payments 240

Payments Tools Security Regulation 240

PYMNTS

JANUARY 16, 2020

“Mobility is one of the areas where Europe will really benefit from a local champion who shares the values of European consumers and regulators,” Villig said. The startup reached unicorn status when it was valued at over $1 billion in a 2019 funding round. The ridesharing firm is still operating there while it appeals the decision.

Regulation 130

Regulation Capital Examples Innovation 130

PYMNTS

JUNE 29, 2020

But some analysis suggests supplier payment strategies are in flux to better support the working capital positions of corporates. Analysis of more than 1,400 companies in the region found a whopping 40 percent increase in the portion of businesses that are being paid late, compared to 2019 research. ” $1.3 ” $1.3

Payments 256

Payments Analysis Capital Strategy 256

PYMNTS

NOVEMBER 7, 2019

The shortcomings were pointed out by Prudential Regulation Authority regulators. HSBC posted an 18 percent loss in pre-tax profits for the third quarter of 2019 compared to the same period last year, reports said. Combined, the assets make up one-third of the bank’s capital, according to Stevenson.

Compliance 101

Compliance Fraud Taxes Regulation 101

PYMNTS

OCTOBER 31, 2019

Regulators must approve it as well. Yes Bank is a private-sector bank that mainly operates as a corporate bank, but it also does asset management and retail banking. The deal is still awaiting approval by the bank’s shareholders and the board. On Thursday (Oct.

Regulation 100

Regulation Taxes Maine Capital 100

Abrigo

JUNE 7, 2021

Takeaway 1 The pandemic has shown that financial institutions deal with a variety of risks that can impact cash flow and capital. . Indeed, having sufficient capital to handle the unexpected economic impacts allowed financial institutions to play a key role in the U.S. Would you like other articles on ALM in your inbox?

Management 195

Management Risk Management Capital Regulation 195

FICO

DECEMBER 18, 2018

Here’s my advice for 2019 in a nutshell: With IFRS 9 impacts and €780 billion of NPL in Europe alone, stop reading about AI and start thinking about optimization. Accounting Rules & Regulation Overload. You don’t have to be Nostradamus to predict that regulation will continue to drive change in the collections industry.

Analytics 45

Analytics Regulation Regional Marketing 45

PYMNTS

AUGUST 27, 2020

CriticalPoint Capital, a Los Angeles merger and acquisition advisory and investment bank, will acquire the shoe website while the lingerie platform will be purchased by Delta Galil Industries, an Israeli manufacturer and marketer of branded and private label apparel products for men, women and children. operation in Culver City, California.

Los Angeles 144

Los Angeles Branding Arkansas Retail 144

PYMNTS

DECEMBER 27, 2019

Or maybe a relatively bland extended-stay operation right off the interstate. To learn more about the trend, PYMNTS recently caught up with Kulveer Taggar, co-founder and CEO of Zeus , a digital and mobile-focused operation that puts business travelers into furnished housing that Zeus rents from owners.

Los Angeles 139

Los Angeles San Francisco New York City Trends 139

PYMNTS

JUNE 3, 2020

It now operates in 18 countries in Latin America. The company’s total revenue increased by 59 percent in 2019 to $2.30 Osvaldo Giménez , executive vice president and CEO of FinTech, which includes Mercado Pago, told PYMNTS that the region is complex, with different regulations governing each of the 18 countries where it trades.

America 248

America Regional Fraud Mobile 248

PYMNTS

OCTOBER 28, 2019

HSBC posted an 18 percent loss in pre-tax profits for the third quarter of 2019, compared to the same period last year, reports said. Combined, the assets make up one-third of the bank’s capital, according to Stevenson, who spoke with the publication Monday. businesses.

Taxes 101

Taxes Operations Groups Report 101

PYMNTS

FEBRUARY 15, 2019

challenger banking market saw a flurry of venture capital (VC) activity this week, as FinTech firms aim to disrupt small business (SMB) financial services (FinServ). Compliance startup Chainalysis works with law enforcement officials and financial institutions (FIs) to ensure that their cryptocurrency operations are within regulations.

Capital 122

Capital cryptocurrency Operations Financial Technology 122

Bussman Advisory

DECEMBER 18, 2018

With 2019 right around the corner, the time has come to reflect on the events of 2018, but more importantly, to consider what the next year holds. While some may lament the entry of regulators in 2018, clamping down on ICO projects, and putting in place strict frameworks for compliance, these are signs of a market maturing.

blockchain 45

blockchain Trends Security Marketing 45

Abrigo

MARCH 25, 2020

Key Takeaways Banking regulators say short-term, COVID-19-related loan modifications shouldn't automatically be categorized as TDRs. Regulators also announced other guidance tied to reporting and risk-based capital rules. Regulators also announced other guidance tied to reporting and risk-based capital rules.

FDIC 150

FDIC Regulation Exercises Community 150

PYMNTS

SEPTEMBER 6, 2019

Grabbing capital is relatively easy if the latter continues, enough so that the former turns from red to black. Investors have clearly signaled that attention must be paid to operating leverage. merchants dropped as measured from September 2015 to March 2019. Uber is by no means an uber stock. Lyft shares have no lift.

cryptocurrency 100

cryptocurrency Fraud Operations Capital 100

Accenture

SEPTEMBER 22, 2019

An obvious reason is the inroads they’re making into the market, both domestically and globally: recent Accenture research finds that digital-only banks operating in the UK could amass a total of 35 million customers globally within the next 12 months, up from 13 million today. in the year to February 2019. Regulation.

Innovation 150

Innovation Metro Apple Marketing 150

Bank Activities

JULY 5, 2022

The Aussie neobank Volt announced that it would close its deposit-taking business operations due to its failure to raise sufficient levels of capital during the pandemic. The funds were intended to support the company’s plan to write a mortgage and expand its operations.

Operations 36

Operations Regulation Lending National 36

PYMNTS

AUGUST 20, 2020

million SMBs operate across the country and account for 64 percent of new jobs. Only 35 percent of such businesses make it past their first decade in operation. The 2008 recession resulted in government regulators tightening the standards for creditworthiness, increasing the amount of checks that lenders must undergo to approve loans.

Fintech 177

Fintech Fraud Lending Regulation 177

Gonzobanker

JULY 10, 2020

Regardless of their viewpoints on capital recovery, now is the time for banking leaders to reevaluate their planning strategies. In a recent Fortune survey, 55% of corporate executives said they expect to return to 2019 capital spending levels sometime in 2021. What businesses need capital in the interim? Risk Management.

Risk Management 88

Risk Management Capital Strategy social media 88

PYMNTS

JANUARY 25, 2021

Last week marked the third anniversary of PSD2 , the regulation that launched open banking in the U.K. And those three years have given rise to a slew of new companies capitalizing on that initiative all over the world, as well as established companies making their mark. and Europe.

Online 300

Online Meeting Payments Cards 300

TheGuardian

MAY 18, 2021

The correspondence between Myners and Lex Greensill appears to confirm claims originally made in a Guardian investigation , which showed the peer had been wooed by the financier and weighed an offer to join his board, despite repeatedly raising concerns about its operations in parliament.

Fraud 74

Fraud Capital Operations Company 74

Abrigo

APRIL 26, 2023

29, 2019, and adopted CECL on Jan. 1, 2020, its capital would be lower, and it would have higher interest income than if it had done the deal Jan. The change will bring capital back to the balance sheet more quickly by eliminating the “double count” that occurs under current CECL accounting.

Examples 195

Examples Capital Company Tools 195

BankUnderground

FEBRUARY 16, 2021

Following the 2007/2008 global financial crisis, international regulators introduced a package of new banking regulations, known as Basel III. This includes a wider range of capital and liquidity requirements to protect banks from different risks. The leverage ratio (LR) is the simple ratio of a bank’s capital to its assets.

Regulation 72

Regulation Capital Examples Policies 72

Abrigo

NOVEMBER 9, 2022

How has CECL implementation impacted their operations and reserves for credit losses? Compare this to Abrigo’s 2019 CECL Survey responses, when no banks or credit unions had completed adoption, and less than 7% of all institutions were running parallel allowances. CECL's impact on operations. Process changes.

Survey 195

Survey Software Resources Meeting 195

BankUnderground

NOVEMBER 27, 2020

In a recent paper , we shed new light on the consequences of this type of regulation by examining the recent UK ‘ring-fencing’ legislation. Ring-fencing came into effect at the start of 2019. How does ring-fencing affect bank behaviour?

Lending 110

Lending Retail Groups Maine 110