PYMNTS

DECEMBER 26, 2018

founder and managing director of cybersecurity venture firm AllegisCyber , and co-founder of DataTribe , a cybersecurity startup in Washington, D.C., companies should expect to see a rise in breaches in 2019, “as chronically improving malware will be deployed more aggressively on more fronts.” ”

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National Washington Data Security 192

PYMNTS

JANUARY 7, 2019

In Ireland, reported CryptoGlobe , the Irish cabinet has approved legislation that will bring more regulation to the sector. Separately, in India, the action toward crypto regulation seems to be … inaction. The site noted that the new rules still await passage by the country’s legislative body. We have not decided on specific measures.

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Regulation cryptocurrency National Capital 151

PYMNTS

AUGUST 6, 2020

Coca-Cola successfully worked with CONA to expand use of the blockchain software provider SAP ’s system in 2019. There are a number of transactions that are cross-companies and multi-party that are inefficient, they go through intermediaries, they are very slow,” senior manager at Coke One North America Andrei Semenov said at the time.

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Management blockchain America cryptocurrency 219

Insights on Business

FEBRUARY 14, 2019

Many financial services organizations are struggling to manage their risk and compliance exposure in the face of ever-increasing challenges. Massive volumes of regulations are being developed across global financial market segments. Vivek Bajaj, IBM Watson Financial Services Vice President, speaking at Think 2019.

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Compliance Risk Management Case Study Meeting 125

Bank Innovation

JANUARY 3, 2020

Welcome to the latest episode of our Weekly Wrap video series, for the week ending Friday, January 3, 2019.

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Regulation Video California Data 243

PYMNTS

NOVEMBER 19, 2019

It seems a fair question to ask of the technology sector as 2019 draws to a close. Google, at $1,314, is about 23 percent than at 2019’s dawn. And regulators, along with policymakers, tend to bring an uncertainty when it comes to growth prospects. How do you value a company if you don’t know what the company will look like?

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Regulation Google Apple Groups 100

Abrigo

OCTOBER 21, 2019

The following article was first published in ABA Banking Journal on October 17, 2019. Cybersecurity | 4 minute read Key Takeaways Third-party/vendor risk management is becoming increasingly challenging with more cloud-based providers. 6 key areas of due diligence to consider before signing a contract. Cyber Due Diligence.

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Risk Management Management Lending Fraud 150

PYMNTS

DECEMBER 9, 2018

ATM machine companies in India are warning that they will have to shutter as many as half of India’s cash machines because of new regulations, reported the Financial Times. Some of the new regulations go into effect in 2019 and call on the cash machine companies to upgrade software of many of the 240,000 ATMs in India.

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ATM Regulation Industry Report 182

PYMNTS

FEBRUARY 17, 2020

increased regulation over content delivered online through platforms may be on the horizon. This past week, Britain’s federal government said its media regulator, known as Ofcom, would be given new oversight to monitor and regulate material posted on the web by companies such as Facebook, Google and Twitter. In the U.K.,

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Regulation Google Operations Company 140

PYMNTS

SEPTEMBER 17, 2019

Metro Bank senior managers are being grilled by the U.K. Six months later, the financial regulator said the probe was widened to involve “certain senior members of management.” Regulators are also looking over Metro Bank’s regulatory reporting and governance for compliance. . “As

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PYMNTS

NOVEMBER 21, 2019

The bill is called the “Managed Stablecoins are Securities Act of 2019” and was proposed by two members of the House Financial Services Committee, Reps. When Garcia announced the bill, he talked about Libra specifically, saying that the Facebook coin, as well as other managed stablecoins, “are clearly securities under existing law.”.

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Security Regulation cryptocurrency Bitcoin 145

Abrigo

AUGUST 9, 2019

Banks and credit unions must learn about these upcoming changes, adjust for them, and meanwhile continue to operate their existing institutions and meet customers’ needs while following all of the regulations that come with being a financial institution. These two tracks will help financial institutions to manage risk and drive growth.

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Management Conference Lending Training 150

Abrigo

OCTOBER 23, 2019

The following article was first published in ABA Banking Journal on October 17, 2019. In a marketplace where data is shared and distributed at record speeds, third-party or vendor risk management is a challenge for most businesses. The banking industry is no stranger to this. This is a big misconception.

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Risk Management Management Security Lending 150

PYMNTS

NOVEMBER 9, 2020

Regulation. EU Gears Up To Propose New Big Tech Regulations. The Digital Services Act is forecast to revamp content management on platforms such as Facebook and Google. Australian Regulator Looks Into Merger Law Changes.

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Regulation social media Compliance California 211

Abrigo

FEBRUARY 6, 2020

Maritime businesses attempting to evade economic sanctions by operating in various jurisdictions may include shipping companies, vessel owners, managers, operators, insurers, and financial institutions. If you have questions about sanctions compliance or new regulations, contact us or another member of our risk advisory services team.

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United States Compliance Strategy National 195

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. A 2019 study underscored this point, discovering that even though the AML software market is slated to grow 15.25 A report found that the U.S. imposed a full $23.52

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cryptocurrency Regulation Compliance blockchain 116

PYMNTS

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. Corporate buyers that have gathered enough information on potential business partners then need to answer to regulators. Digital Fixes.

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Data Management Taxes Meeting 166

Abrigo

JULY 31, 2022

Using the OCC Interest Rate Risk stats for asset/liability management models Financial institutions can use statistics in the OCC Interest Rate Risk Reports to gauge whether their bank is an outlier on the risk scale. Takeaway 2 Financial institutions can use the statistics to gauge how aggressive or conservative regulators may view models.

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Report Survey Comparison Regulation 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.”

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Management Risk Management Survey Security 145

Abrigo

NOVEMBER 11, 2019

ALM | 4 minute read Key Takeaways Many financial institutions view asset/liability management as a "check-the-box" regulatory exercise. An extreme focus on using ALM to manage the risk of rising rates means some FIs overlook using ALM to grow earnings and capital, putting them at risk of underperformance. ALM seen as checking the box.

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Management FDIC Community Risk Management 150

American Banker

MARCH 4, 2024

Property values in that sector have tanked amid higher interest rates, inflation and 2019 revisions to state law. Long Island-based New York Community Bancorp has a large concentration in loans on New York City apartment buildings with rent restrictions.

New York City 74

New York City New York Regulation Community 74

Abrigo

APRIL 27, 2020

The purpose of the updates is to provide further transparency and emphasizes a risk-focused approach in examining BSA/AML programs, a clarification that was recently published in a July 2019 regulatory agency joint statement. BSA program management is not a “one size fits all”. Artificial Intelligence in BSA. Learn More. BSA Software.

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Regulation Compliance Software Analytics 195

Perficient

AUGUST 16, 2023

In 2019, it expanded by buying its fourth branch from a competitor. Bank Closed By Regulators Almost all bank closures happen on a Friday so that regulators can work all weekend to reopen the bank on Monday. billion in deposits), the failure still poses lessons for bank executives.

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United States Kansas FDIC Risk Management 221

Insights on Business

MARCH 15, 2019

Compliance, legal and risk professionals are looking for an end-to-end frame­work to manage compliance requirements in a way that improves overall governance, risk and compliance (GRC) program effectiveness. The strategies and practices to implement compliance obligations management enterprise-wide. March 28, 2019.

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Compliance Management DC Washington 87

Insights on Business

MARCH 12, 2019

During these discussions people often ask “How do other organizations manage this process? On the 23rd of May at 8 Fenchurch Place in London, IBM will be hosting the 2019 IBM Sales Performance Management Summit London where these questions and more will be answered. 2019 IBM Sales Performance Management Summit London.

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Management Leadership Analytics Community 102

Perficient

JANUARY 3, 2024

Additionally, these branches underwent annual on-site inspections to ensure compliance with regulations. Without action, this temporary relief would have expired on June 30, 2024, and would have significantly impacted the industry due to an estimated 75% increase in residential non-branch locations between December 2019 and December 2022.

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Compliance Risk Management Regulation Industry 221

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. The case was denied in 2019 after the banks said there was nothing that forced them to provide the service in question.

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blockchain cryptocurrency Wyoming Regulation 192

PYMNTS

NOVEMBER 10, 2017

Regulators in the U.K. According to the news report – citing Catherine McGuinness, the City of London’s financial district’s policy chief – Britain must examine how it will regulate banks, insurance firms and asset management firms after Brexit takes place in March of 2019. During a speech, McGuinness said that U.K.

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Regulation Resources America Policies 103

FICO

APRIL 28, 2020

The winners of the 2019 FICO® Decisions Awards can now be formally announced. The 2019 FICO Decisions Award winners have demonstrated what is possible with a clear business objective, innovative use of technology and a great partnership. Decision Management Innovation. AI, Machine Learning and Optimization.

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Analytics Fraud Management Innovation 52

Abrigo

JUNE 14, 2021

In 2019, OFAC issued new guidance on the essential components of a strong OFAC compliance program. Management commitment As with any compliance program, one of the most important aspects of a strong SCP is a “culture of compliance,” from the top, to the middle, to the front line. persons Exporting or re-exporting U.S.-origin

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Compliance Training Resources Policies 370

FICO

AUGUST 16, 2021

As the UK was only just coming out of lockdown in June 2020, this rise in spend is unsurprising, but the fact that average spending was 3.5% (£23) above 2019 levels suggests that, for those who have been able to save through the pandemic, there is confidence in their future financial stability. Missed payment rates remain low. Looking ahead.

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Report Marketing Cards Trends 52

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.

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Management Payments Taxes Software 127

CFPB Monitor

DECEMBER 4, 2019

The Department of Defense announced in its Fall 2019 rulemaking agenda that it is engaged in proposed rulemaking to amend its Military Lending Act (MLA) regulations, apparently in order to allow non-bank creditors to provide secured auto financing for purchase transactions. (The How did we get here?

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Regulation Security Lending Course 88

Insights on Business

JANUARY 9, 2019

Highlights of the regulator’s guidance. In the statement, regulators have provided leeway to create innovative new approaches. Regulators also encouraged “early engagement” from banks to discuss contemplated pilot programs for innovative AML processes. A new approach to AML. It’s going to be an exciting year.

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Innovation Regulation Technology Maine 126

FICO

MARCH 7, 2023

Home Blog FICO Responsible AI: Are European Firms Ready for the Regulators? There are significant changes coming in Europe, which highlight getting a handle on responsible AI use, with the banking and financial services sector among those that will be most impacted by increasing regulation.

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Regulation America Compliance Fraud 52

PYMNTS

NOVEMBER 19, 2019

In the meantime, clients can continue to receive services via their BB&T or SunTrust branches, websites, mobile apps, financial advisors and relationship managers. BB&T and SunTrust have announced that they have received regulatory approval to complete their merger to become Truist Financial Corporation.

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North Carolina Regulation Georgia California 103

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.

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United States Regulation Payments Lending 217