PYMNTS

MAY 31, 2020

Uber has been approved by the National Economic Prosecutor’s Office (FNE), Chile’s antitrust regulator, to acquire the Chilean grocery shopping app Cornershop, according to an FNE statement. Uber first announced it was looking to acquire a stake in the Santiago-based Cornershop app in October 2019.

Online 163

Online Regulation Retail Regional 163

PYMNTS

JUNE 3, 2020

In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. It is one of the region’s fastest-growing companies, having just turned in a stellar first quarter in a region that has more complexities than any of its northern neighbors. ”

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

Abrigo

JULY 22, 2022

Cryptocurrency regulation is on the horizon The ups and downs of the cryptocurrency scene have illuminated a need for guidance for traditional financial institutions. that were unbanked as of 2019 may not be interested in jumping through the hoops required to open a traditional bank account. DOWNLOAD WHITEPAPER. What's next.

cryptocurrency 195

cryptocurrency FDIC Regulation Fraud 195

PYMNTS

MARCH 7, 2019

Merchants and customers are now transacting under PSD2 and GDPR in the European Union (EU) — regulations that allow a greater window into how customer data is being used. While these regulations are aimed at increasing consumer trust by allowing them more transparency, many consumers in the region are still adjusting.

Lending 198

Lending Regulation Regional Data 198

PYMNTS

SEPTEMBER 10, 2019

That’s especially true with cross-border payments , where commerce done globally demands that firms be aware of regulations and payments preferences that are endemic to a specific country or even specific region. 57: Number of real-time payments schemes operating worldwide in 2019.

Security 134

Security Payments Regional Operations 134

PYMNTS

JUNE 12, 2019

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. “Rapidly expanding connectivity has helped amplify voices of good and bad actors,” the Meeker report states.

Report 119

Report Technology Payments Data 119

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

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

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

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

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

PYMNTS

MAY 1, 2020

Financial institutions (FIs) and regulators in Singapore, the E.U. Regulators may have shifted their focuses away from these initiatives and toward making sure their customers have the financial access they need to survive the pandemic, but the long-term goals of. 18, 2019, Choi continued. and the U.S. Similar to the U.K.

Innovation 245

Innovation Regulation Digital Banking Security 245

PYMNTS

JULY 16, 2019

Banks and merchants are racing to meet the Strong Customer Authentication (SCA) deadline as September 2019 approaches. Additionally, other companies are still working to change their platforms to comply with General Data Protection Regulation (GDPR) as that regulation continues to sweep across Europe. About the Tracker.

Strategy 188

Strategy social media Regulation Retail 188

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

JANUARY 30, 2020

In today’s top news, Facebook reports a 51 percent increase in expenses for 2019 in its Q4 earnings release, Goldman focuses on expanding its digital consumer bank and Airbnb hires former Disney President Catherine Powell to head its Experiences division. Facebook Expenses Rise 51 Pct as Regulatory Pressure Increases.

social media 141

social media Payments ATM Fraud 141

PYMNTS

FEBRUARY 24, 2020

The move, if approved by Haoxiangni shareholders and China’s top market regulators, would make Pepsi “China’s leading consumer-centric food and beverage company.”. China’s snack market is very profitable and grew 400 percent from 2006 through 2016, according to a study in 2019 by China’s Ministry of Commerce. 24) by CNN.

Marketing 130

Marketing Regional Study Course 130

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

PYMNTS

NOVEMBER 5, 2020

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. Apple could face other issues in the region, such as weak iPhone sales that analysts say stem from the late rollout of the iPhone 12, which was delayed by the pandemic.

Apple 145

Apple California Regional Report 145

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

CB Insights

FEBRUARY 20, 2020

This has caused some investors to pull back in the region and challenged startups to raise funding from new investors, as illustrated further below by the number of unique investors and startups in the LatAm fintech market. GET THE 102-PAGE q4 2019 FINTECH TRENDS REPORT. Track the LatAm fintech space. Track LatAm fintech companies.

America 96

America Marketing Fintech Regional 96

PYMNTS

NOVEMBER 20, 2020

S&P Global noted 219 bank and thrift deals in 2019 through the end of October; so far this year, there seem to have been slightly more than 90. And digital remains a siren call for banks of all sizes, and for regional players. Here, then, we’re seeing deal-making that does not involve the marquee names of U.S. banking – J.P.

California 283

California Regional Google Guidelines 283

PYMNTS

DECEMBER 30, 2019

I could not be more pleased to end 2019 with such a meaningful development, and look forward to an exciting and productive new year.” At the time of the initial investment in MercadoLibre, Schulman released a statement, pointing to the market opportunity of the region. ” Analysts at Stephens Inc.

America 156

America Regional Leadership Payments 156

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

BankUnderground

DECEMBER 20, 2023

These results also hold across regions in England. For rental prices, we use data from ONS’s Index of Private Housing Rental Prices from 2005 to 2019, for England. We also plot the point estimates for each English region in grey. We focus on England because data for the whole of the UK is available from 2015 only.

Policies 107

Policies Albuquerque Regional San Francisco 107

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 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

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

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

FEBRUARY 24, 2020

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. The country’s government and regulators are keeping pace with those in the European Union and the U.S. he remarked. “I

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

JULY 9, 2019

India’s response to Libra follows the words of analysts with the Jefferies Financial Group who say that Libra’s going to need the sort of significant growth that only a region like India can provide. However, Facebook hasn’t asked for India’s permission specifically.

cryptocurrency 137

cryptocurrency Bitcoin Regulation Regional 137

PYMNTS

DECEMBER 30, 2019

I could not be more pleased to end 2019 with such a meaningful development and look forward to an exciting and productive New Year.” At the time of the initial investment in Mercado Libre, Schulman released a statement pointing to the market opportunity of the region.

America 130

America Regional Leadership Online 130

PYMNTS

APRIL 29, 2019

This, together with our January 2019 decision on Mastercard’s cross-border card payment services, will lead to lower prices for European retailers to do business, ultimately to the benefit of all consumers.”. Both Mastercard and Visa have now committed to reduce their respective inter-regional MIFs.

Regional 161

Regional Retail Cards Policies 161

PYMNTS

DECEMBER 26, 2018

The idea is to expand the service into three more Asian countries sometime in 2019, reported The Verdict. The firm found based on the research that Asia-Pacific and Central and Eastern Europe are the two regions that are seeing the most growth. RBR pointed to new regulation as part of the reason for the growth.

Regional 158

Regional Payments Report Mobile 158

BankUnderground

OCTOBER 22, 2021

According to BCBS (2019) HHI is employed by c. 50% of regulators, including the Prudential Regulation Authority (PRA) since 2016. The individual sectors and regions are the same as currently defined by the PRA. As of 1 January 2016, the PRA requires banks to calculate the HHI for all three types of concentration risk.

Capital 79

Capital Regional Regulation Policies 79

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.”. It’s just the latest in a series of mega-mergers seen throughout the industry. Banks Let Themselves Get Left Behind.

Innovation 306

Innovation Fintech Payments Regulation 306

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