article thumbnail

OCC Highlights, AML & CRA Risks

Perficient

The effective date of the new rule is April 1, 2024, with key provisions taking effect on January 1, 2026, and January 1, 2027. Banks  Banks need to plan for these changes and begin to implement management processes to address the potential impact of the rule on their systems and resources.

article thumbnail

Who’s Responsible For IoT Security?

PYMNTS

percent CAGR from 2019 to 2026. A national privacy law hasn’t become a reality as yet, though that is in part because there isn’t a consensus on how strict it should be. The June IoT Tracker explores the latest advancements in IoT security and new applications of smart technology. Even so, alarming reports keep surfacing.

Security 174
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Rapid Rise Of Social Credit Scores 

PYMNTS

This has led consumers in China to complain that the system is a back-door mechanism for social control, largely meant to limit the freedom of mobility among Chinese nationals. The report’s authors predict that by 2026, the concept of social credit systems will be entirely mainstream in the U.S. Consumers were also barred 5.5

article thumbnail

Virtual Assistants Join The Corporate Finance Team

PYMNTS

billion market by 2026 as demand grows from small and medium-sized businesses, too. The data supports Ajmera’s position: according to Gartner, half of corporate finance organizations expect to have some type of AI deployed by 2020. Polaris Market Research says intelligent virtual assistant technology is expected to be a $21.5

Analytics 147
article thumbnail

Deep Dive: The State Of mPOS In North America

PYMNTS

percent between 2017 and 2026. is one such nation, with a June 2018 Statista survey reporting that 83 percent of Americans aged 30 to 49 owned credit cards. A recent analysis valued the global mPOS industry at $26 billion in 2018, and it is expected to increase at a compound annual growth rate (CAGR) of 18.8 percent.

America 128
article thumbnail

Is India’s ATM Disappearing Act A Digital Payments Boon?

PYMNTS

That comes as eCommerce is slated to be worth as much as $200 billion by 2026 , according to Morgan Stanley estimates, growing at 30 percent, compounded annually. The domestic digital payments market is projected to rise to a value of $1 trillion by 2023 , as estimated by Credit Suisse , up fivefold from recent tallies.

ATM 187
article thumbnail

Are Private Labels The Key To Cracking The Profitability Indian eCommerce?

PYMNTS

In 2016, 95 percent of transactions in in India were done in cash and there were approximately 60 million online shoppers – representing about 14 percent of the internet using base of the nation, according to a late 2017 report by Morgan Stanley. The consensus on that is evolving – and in an interesting way.

Branding 101