PYMNTS

JANUARY 2, 2019

The peer-to-peer (P2P) industry in China could see the number of players decline by as much as 70 percent in 2019, reported Bloomberg. The lack of regulation led to the country’s biggest Ponzi scheme, protests across cities in China and losses for thousands of people. trillion yuan by the end of 2017, reported Bloomberg.

Lending 153

Lending Marketing Regulation Groups 153

PYMNTS

DECEMBER 17, 2018

Australian challenger bank Judo Capital has chosen VERMEG , a leading banking and insurance software solution company, to meet its Australian Prudential Regulation Authority (APRA) reporting requirements as it pursues its full banking license. “Regulatory reporting is an essential function for Judo.

Capital 116

Capital Compliance Report Software 116

PYMNTS

OCTOBER 1, 2019

India-based financial services provider Reliance Capital has announced it will exit the lending market. Following Ambani’s announcement, shares in Reliance Capital dropped to their lowest level in two decades. billion in foreign loans so far in 2019, down from $2 billion during the same timeframe a year prior.

Capital 109

Capital Lending Regulation Operations 109

PYMNTS

JANUARY 22, 2021

India's central bank wants stricter regulations for big shadow lenders, according to a new report from Bloomberg. One proposition is a 9 percent core capital requirement on the top tier, akin to banks. The paper comes after a speech by a top RBI official in charge of banking regulation, Bloomberg writes.

Regulation 272

Regulation Capital Lending Groups 272

PYMNTS

DECEMBER 24, 2019

But in business, money is oxygen, and when the flow of money, from venture capital and private equity firms, or investment from companies willing to commit research and development dollars to a sector starts to dwindle, then several projects do not make it beyond concept to the land of reality. Want another data point?

blockchain 139

blockchain Course Bitcoin Examples 139

Perficient

JUNE 30, 2022

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets – Perficient Blogs. Billion in 2019).

cryptocurrency 472

cryptocurrency Regulation Conference Taxes 472

Insights on Business

MARCH 12, 2019

review of the capital requirements for market risk regulations, namely the Fundamental Review of the Trading Book (FRTB). It becomes effective in 2022, but banks should now, more than ever, implement the proposed changes in order to meet the deadline for reporting their Pillar I capital under the new methodologies.

Capital 79

Capital Regulation Strategy Operations 79

PYMNTS

JULY 8, 2019

As the regulator said at a Lisbon conference, “The optimal size of the banking sector is hard to gauge, but it seems clear, though, that the European banking sector is still too large. That fine comes in the wake of five breaches spanning 2014 to 2019, and also touches on the bank’s failure to report capital positions.

System 108

System Regulation Capital Report 108

Abrigo

JULY 31, 2022

Takeaway 1 Comparing the OCC's latest Interest Rate Risk Report and the one from 2019 provides a valuable look at interest rate risk variables. . Takeaway 2 Financial institutions can use the statistics to gauge how aggressive or conservative regulators may view models. . Benchmark your institution. based on the comparison.

Report 195

Report Survey Comparison Regulation 195

Payments Source

AUGUST 6, 2020

Regulators found fault with the bank’s cloud migration efforts in the years that preceded a 2019 hacking incident.

Capital 80

Capital Data Regulation Cyber Security 80

PYMNTS

DECEMBER 11, 2020

The new funding round of €85 million was co-led by French private equity firm Eurazeo and Dawn Capital. Tech-friendly banking regulations in the U.K. Tink also plans to use the new funds to expand staff from its roster of 365 employees, up from 150 in 2019. 11), citing sources.

Fintech 216

Fintech Capital Data Regulation 216

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.

Report 191

Report Capital Regulation Meeting 191

PYMNTS

OCTOBER 12, 2020

regulators cracked down on the firm Oct. regulators not coming as a surprise. He said Qume’s goal, since forming early in 2019, was to build a regulatory-friendly, more decentralized experience for things like custody. The round was led by Blockchain Capital, Standard Crypto, Blockchain.com Ventures and more.

Bitcoin 261

Bitcoin Compliance Lending Regulation 261

American Banker

AUGUST 6, 2020

Regulators found fault with the bank’s cloud migration efforts in the years that preceded a 2019 hacking incident.

Capital 89

Capital Data Regulation Cyber Security 89

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

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

Bank Innovation

DECEMBER 6, 2019

Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, December 6, 2019.

Video 243

Video Fintech Capital Customer Experience 243

PYMNTS

NOVEMBER 10, 2020

The new license from Ireland’s financial services regulator will enable SumUp to offer its services across 26 European countries. SumUp’s Dublin office is poised for growth and will become the central regulated location for the firm’s business across the EU. The FinTech also has eCurrency licenses in Lithuania and the U.K.

Fintech 245

Fintech Regulation Cards Google 245

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

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

BankUnderground

DECEMBER 8, 2021

Reforms following the 2008 financial crisis have led to significant increases in banks’ capital requirements. Profitability determines the opportunity cost of shrinking assets, and underpins the ability to generate capital. A large literature since then has focused on understanding how banks respond to these changes.

Regulation 88

Regulation Analysis Capital System 88

PYMNTS

OCTOBER 9, 2020

We are thrilled to be one of the only sources of free capital for America’s hourly and gig workers,” Nico Simko , co-founder and CEO of Clair, said in a statement on Friday (Oct. A 2019 PYMNTS report indicated that the majority of gig workers would jump platforms and work more in exchange for faster payments. . “We

New York City 254

New York City Lending New York Fintech 254

PYMNTS

MARCH 20, 2020

The policy being drafted by India’s trade ministry also calls for a new regulator to provide oversight and enforce compliance. The regulator will have the authority to request information from tech firms and also enforce other Indian laws aimed at consumer protection and fair competition, the sources said.

Data 183

Data social media Policies Regulation 183

PYMNTS

FEBRUARY 26, 2020

After a reporting error that caused the exit of its chief executive and chairman in 2019, Metro Bank has announced that it is scaling back its expansion efforts and moving away from lending for mortgages, according to a report by the Financial Times. After the error was revealed, the bank was forced to raise $484 million in new shares.

Metro 187

Metro Report Lending Regulation 187

PYMNTS

JUNE 12, 2019

Meeker is a longtime internet and digital economy expert who now works for Bond Capital, a venture firm. This has brought new focus to an age-old challenge for regulators around the world – finding the most effective ways to amplify good and minimize (the) bad, often resulting in different regional interpretations and strategies.

Report 119

Report Technology Payments Data 119

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

Abrigo

FEBRUARY 12, 2020

Despite expectations for growth, bankers, regulators, investors, and others are watchful about potentially lower returns and credit risks ahead. And regulators have urged financial institutions to prepare for an eventual cyclical change while credit performance remains strong – and to do so as they originate new loans and in credit reviews.

Lending 195

Lending Trends FDIC Survey 195

CFPB Monitor

AUGUST 20, 2020

federal and state financial institution regulators have taken meaningful, proactive steps to acknowledge financial inequality issues, reach out to traditionally underserved populations to expand access to credit, and further protect consumers from discrimination. This blog post contains a summary of those efforts.

Regulation 78

Regulation FDIC Community Lending 78

PYMNTS

MARCH 1, 2020

Accolade capitalizes on machine learning, artificial intelligence (AI) and mobile apps to enable members to easily traverse their health care benefits. Investors include Andreessen Horowitz, Carrick Capital Partners, Madrona Venture Group and McKesson Ventures, among others. . 30, 2019. . 28), according to reports. .

Mobile 165

Mobile Philadelphia Seattle Washington 165

PYMNTS

JANUARY 30, 2020

Self-driving vehicle company Aurora has been approved by California regulators to allow passengers rides in its fleet of driverless vehicles, according to reports. Aurora raised more than $530 million in February 2019, raising its valuation to more than $2.5 620 million has been financed to date, with Sequoia Capital, Amazon, and T.

California 261

California Operations San Francisco Google 261

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

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

SEPTEMBER 17, 2019

The FCA first began investigating the high street bank in February after it miscalculated the capital needed for numerous loans. Six months later, the financial regulator said the probe was widened to involve “certain senior members of management.” billion drop in customer deposits during the first six months of 2019, the report said.

Metro 116

Metro Management Regulation New York 116

FICO

JANUARY 25, 2019

The additional costs and complexity for lenders when managing regulations governing mortgages. Regulation has traditionally focussed on capital adequacy, liquidity and credit standards. Capital adequacy and liquidity measures add to the fund and provisioning costs of a portfolio and can change the economics of individual deals.

Analytics 74

Analytics Lending Strategy Regulation 74

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. As of last year, attorneys general from 48 U.S.

Google 130

Google Puerto Rico District of Columbia Meeting 130

Abrigo

NOVEMBER 8, 2019

Top down and bottom up analysis can inform capital assessments. Some financial institutions may view stress testing as a “check the box” practice to satisfy regulators, but others are making the most out of the process. Stress testing and capital adequacy. Stress testing and risk management.

Lending 150

Lending Risk Management Analysis Capital 150

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