PYMNTS

JUNE 3, 2020

Imagine if a North American company had the market share of Amazon, the payment flexibility of PayPal and the credit portfolio of Visa. In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. Thus, fighting fraud is one of Gimenez’s priorities. “In

America 248

America Regional Fraud Mobile 248

PYMNTS

APRIL 30, 2020

The COVID-19 pandemic has caused an impact on open banking developments worldwide as regulators, financial institutions (FIs) and businesses set their sights on helping their current customers rather than future innovations. where regulators have been workshopping potential rules for several years. Seventy percent of U.S.

Regulation 188

Regulation Regional Data United States 188

PYMNTS

NOVEMBER 8, 2020

Now, Reuters reported Amazon is lodging a complaint with India's market regulator. The whole controversy has likely damaged Amazon's ties with Ambani, who is Asia's richest man, and the Reliance group, fast spreading in the region as a leader in eCommerce. But Future said that order is non-binding. On Saturday (Nov.

Retail 230

Retail Industry Regional Groups 230

PYMNTS

MARCH 31, 2020

With the investment, MatchMove, which is also based in Singapore, will be able to extend its “banking-as-a-service” wallet capability to Shopmatic’s ecosystem spanning over 435,000 eCommerce small and medium-sized businesses (SMBs) and individual entrepreneurs across the region.

Fintech 168

Fintech Regional Security Lending 168

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

NOVEMBER 5, 2020

pension fund, can sue over Cook's 2018 comment that while the iPhone was facing sales pressure in some markets, China was not among them. Reuters writes that Apple told suppliers to curb production after those remarks, and the company cut its revenue forecast for the quarter in January 2019 by $9 billion. 1 to $1.862 trillion by Oct.

Apple 145

Apple California Regional Report 145

PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations.

United States 174

United States Regulation cryptocurrency Cleveland 174

PYMNTS

JUNE 12, 2019

When markets reach mainstream, new growth is harder to find, as evinced by declining new smartphone shipments in 2018,” her report stated. This year’s 333-slide report found that some 3.8 billion people around the world – more than half of the global population – are connected to the internet.

Report 119

Report Technology Payments Data 119

PYMNTS

MAY 8, 2020

Supreme Court decision allowed sports betting in 2018 and inspired 2019 laws that govern the fledging industry in 10 states and set guidelines such as how online casinos can operate and how sports betting would be taxed. This year was expected to be lucrative for online sports betting as it is the first since those regulations were created.

Online 176

Online Industry New Jersey Pennsylvania 176

BankUnderground

DECEMBER 20, 2023

These results also hold across regions in England. First, the resulting increase in mortgage costs has consequences for both supply and demand in the rental market: it can discourage new buy-to-let landlords, and keep future homeowners as tenants for longer. We also plot the point estimates for each English region in grey.

Policies 109

Policies Albuquerque Regional San Francisco 109

PYMNTS

FEBRUARY 4, 2020

Open Banking’s European success has kicked off interest in similar regulations worldwide, most notably in China, India and Singapore, where digital banking’s popularity among general consumers is rapidly rising. Numerous regions then announced internal deadlines for compliance that often diverged from their neighbors’ deadlines.

Fraud 144

Fraud Regulation Compliance Innovation 144

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.

Regulation 52

Regulation America Compliance Fraud 52

PYMNTS

FEBRUARY 24, 2020

billion-strong, high-spending consumers and their willingness to adapt to new technologies, trends and products may represent the economy of the future for many banks and businesses, but it is notoriously difficult for firms to enter and compete in this market. In China, there is [an] ever-shifting gray line,” Chorzempa said.

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

DECEMBER 9, 2020

FIS and Worldpay combined in mid-2019, Fiserv and First Data combined shortly thereafter and Worldline SA purchased Ingenico earlier this year. Clearly there's regional saturation, which leads to consolidation.”. These are $100 billion market cap companies that are sitting in the middle of the payments supply chain.”.

Innovation 306

Innovation Fintech Payments Regulation 306

PYMNTS

MARCH 13, 2019

market volatility is undeniable for many firms around the world. In addition, new research from Atradius revealed the end is near for businesses most exposed to market risks. corporate performance is fairing a bit better, with the insolvency rate expected to remain unchanged for 2019, according to Atradius. Geographic Breakdown.

Regional 108

Regional Analysis Marketing Retail 108

PYMNTS

JANUARY 6, 2020

The most intriguing PSD2 news comes from those that are just now implementing its changes, such as Turkey, which has followed other late bloomers in adopting PSD2 standards with just over a month left in 2019. The country is one of the first outside of the EU to adopt PSD2 rather than creating an open banking regulation of its own.

Regulation 131

Regulation Industry Data Regional 131

PYMNTS

MAY 10, 2018

Global Wireless POS Market Growth. The global wireless POS terminals market is expected to have a compound annual growth rate (CAGR) of 13 percent from 2017 to 2023. As a result, the region can be an “early adopter” of the technology. However, the company said that Asia-Pacific may see the fastest market growth.

America 114

America Regional Mobile Cards 114

PYMNTS

FEBRUARY 5, 2020

And while consumers were certainly spending at a more than respectable clip during holiday 2019, the ways they were spending began showing some notable changes, particularly among younger shoppers. in the last 18 months, reported a particularly robust 2019 holiday season, seeing $160 million in sales from Black Friday and Cyber Monday alone.

Cards 143

Cards Millennials Regulation United States 143

PYMNTS

JANUARY 2, 2020

Sezzle’s shares fell considerably on Thursday, taking the company’s worth to approximately $131 million, around 40 percent less than its worth in July 2019 during its IPO. The company’s troubles are only the most recent of several BNPL firms. “Whereas, Sezzle is only in the U.S., ”

CA 130

CA Lending California Minnesota 130

PYMNTS

MARCH 25, 2019

as these devices multiply in number, with the Internet of Things Cybersecurity Improvement Act of 2019 currently making the rounds in Washington, D.C. The bipartisan bill proposes several changes to how connected devices are treated, including general recommendations, standards and regulations for greater user protections.

Security 205

Security Data Regulation Washington 205

PYMNTS

DECEMBER 26, 2018

The idea is to expand the service into three more Asian countries sometime in 2019, reported The Verdict. The report noted that in Taiwan Bank SinoPac is supporting the service, while the lender plans to make it available to merchants in the fish, flower and taxi markets in the new year.

Regional 158

Regional Payments Report Mobile 158

PYMNTS

JANUARY 8, 2019

In addition, Pakistan’s Telenor Microfinance Bank unveiled a cross-border remittance service based on Alipay’s blockchain technology, Indonesia’s KinerjaPay notched an investment of $200 million from a construction firm in the region and mobile payments are on the rise in China. percent year on year in 2019.

Regional 128

Regional blockchain Mobile United States 128

PYMNTS

MARCH 6, 2018

s exit from the bloc next year, the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region. This is another step the EU is taking to boost FinTech market growth before the U.K. exits the bloc in 2019. since the region represents the main FinTech market in Europe.

Fintech 136

Fintech blockchain Maine Guidelines 136

FICO

NOVEMBER 19, 2020

Our latest UK Credit Market Report shows the continuing impact of COVID-19 on household finances even while furlough and payment holidays remained in place during the month. Regional lockdowns and the end of the school holidays appears to have curbed the increase in spend seen over the previous three months. percent lower year-on-year.

Report 52

Report Marketing Cards Payments 52

PYMNTS

JULY 2, 2020

A February 2019 FT report from the publication said the firm’s operations across Asia became the subject of scrutiny after a top law firm in the region reportedly uncovered evidence of “book-padding” and “round tripping.” In response to 2019 claims, Wirecard hired auditing giant KPMG to clear its name.

Fraud 152

Fraud Report Company Regional 152

PYMNTS

JUNE 2, 2020

regulators. Back then the deal was predicated on Ant’s drive to expand in growing markets, cross-border, beyond China. MoneyGram online transaction growth was up to 88 percent by the end of April, and triple-digit growth in some key markets. That deal fell apart amid scrutiny from U.S.

Regional 133

Regional US Marketing Trends 133

PYMNTS

MARCH 11, 2020

Regulators are passing stricter policies, as well as cracking down on anti-money laundering (AML), Know Your Customer (KYC) and sanctions noncompliance. Fines related to noncompliance increased 160 percent between September 2018 and December 2019, in fact. Download the Tracker to read the Feature Story.

Fraud 150

Fraud Payments Guidelines Regulation 150

PYMNTS

APRIL 20, 2018

To add complication to complexity, changes that many see as regional, such as the second payment services directive (PSD2) in Europe, will have ripple effects across the global regulatory landscape, impacting business, cross-border commerce and fraud mitigation the world over. The Bottom Line. Unintended Consequences.

Regulation 105

Regulation Data Security Regional 105

PYMNTS

JANUARY 28, 2019

Corporates aren’t prepared to tackle the headwinds of market risks, according to two separate reports released last week. The report explores how companies in G20 nations are preparing for risks related to technological disruption, regulation and cybersecurity.

Management 145

Management Risk Management Survey Security 145

Alex Jimenez

FEBRUARY 27, 2019

IBM Think 2019 Campus. As noted in a previous post, I attended IBM’s Think 2019 conference in San Francisco earlier this month. Chris Brasher, Head of Banking Ops at Regions Bank talked about using Watson not just to drive more self-service but also to help bank staff assist customers better and quicker. Innovation.

blockchain 40

blockchain Conference Security Innovation 40

PYMNTS

JUNE 27, 2019

Digital enterprises are going regional and instant payments are going national (and earlier than originally scheduled). Nubank’s $10B Regional Expansion . The BCB has officially unveiled details of its newly developed blockchain platform, Pier, designed to facilitate information exchange between financial regulators.

blockchain 147

blockchain Payments Regional America 147

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. Setting capital requirements or buffers based on market-based climate risk measures is problematic for two reasons. Marco Bardoscia, Benjamin Guin and Misa Tanaka.

Capital 105

Capital Policies Tools Regulation 105

Gonzobanker

DECEMBER 20, 2019

GonzoBankers, 2019 was a year of extremes. Third, read and enjoy the 2019 edition of the GonzoBanker Awards, our 18 th. The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. annual list. We may not be good, but we’re persistent!

Idaho 148

Idaho Conference Data Marketing 148

Gonzobanker

JANUARY 17, 2020

Banks are most afraid of big tech, just when these players face regulation. However, between anti-trust regulations, algorithm investigations and states focused on privacy (e.g., 2019 was a sneak peak of many larger mid-size deals (TCF/Chemical, First Horizon/Iberia). In most cases, this information is buried three levels down.

Customer Experience 127

Customer Experience Fintech Regional Cards 127

PYMNTS

OCTOBER 21, 2019

The news follows an earlier extension announced by the EBA in June 2019 that ensured companies would be given “limited” additional time. 14, 2019 deadline. For subscription and recurring payment services in Europe, a market valued at close to $400 billion, this represents a substantial impact. Why the delay?

Strategy 100

Strategy Compliance Fraud Payments 100

PYMNTS

NOVEMBER 17, 2020

“Looking at 2020 as a whole, it is currently expected that the revenues will represent only 39 percent of those of 2019,” said the association. In a survey of event marketers, 78 percent said they plan to attend as many or more live events when the threat of COVID-19 passes and it is safe to do so. consumers conducted on Nov.

Conference 151

Conference Meeting Course Industry 151

PYMNTS

SEPTEMBER 18, 2019

Despite the popularity of subscription commerce, it can be a volatile market. The latest Global Recurring Payments Tracker examines emerging trends in subscription commerce and focuses on why and how companies are increasingly turning their attention to international markets for growth. Why Businesses Embrace Subscription Commerce.

Software 116

Software Study Survey Retail 116