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Fidor: How Cloud-Based Banking Helps With Compliance

PYMNTS

Many financial institutions (FIs), especially online-only entities, moved their digital banking infrastructure to the cloud years ago to prepare for a rising crop of digital users, but the pandemic’s impact goes deeper. Around The Cloud Banking World. Some expressed hesitancy surrounding sharing their U.S.

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Walmart India Head Upbeat About eCommerce Prospects

PYMNTS

According to a report in Money Control citing Iyer, the executive expects the online retailing market to see growth of six times to reach 12 percent during the next decade. Around 40 percent of total consumption by 2027 from the current 27 percent will be from the middle class,” Iyer said.

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Amazon India Claims Fairness In Seller Relationships

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The All India Online Vendors Association (AIOVA), which represents more than 3,500 online sellers, filed an antitrust complaint last week with the Competition Commission of India ( CCI ). It is expected to reach $70 billion in GMV and $11 billion in net sales by 2027.

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India’s Snapdeal On Board With New eCommerce Rules

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1 were an “indication of how effective this regulation” will be. Both want a piece of the growing eCommerce pie in the country as more people embrace online shopping. Prior to the new regulations, Reuters noted Morgan Stanley forecast the Indian eCommerce market to grow 30 percent annually, hitting $200 billion by 2027.

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The CFPB section 1071 effective date

Abrigo

June 28, 2023, based on the Code of Federal Regulations and the March 30 publication). The final rule implements section 1071 of the Dodd-Frank Act by amending the Equal Credit Opportunity Act (ECOA), or Regulation B. This 2026 data needs to be reported to the CFPB by June 1, 2027.

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Deep Dive: Preventing Fraudsters From Gaming The System As Online Gaming Heats Up

PYMNTS

Millions of consumers around the globe are turning to online games during the COVID-19 pandemic, and cybercriminals are springing into action with schemes to target them. Online gambling compliance experts are also predicting that cybercrime will sharply rise in the coming months. Why Online Gaming Appeals To Fraudsters .

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Former Worldbank CEO On ClearBank’s New Core Banking Infrastructure And Driving FinTech Innovation

PYMNTS

In 1997, he founded Worldpay, an online payments processor based in the U.K. The support for ClearBank from both regulators and the payment schemes, though, Ogden said, is a testament to his vision and need for something new in the market. Kinda makes you wonder what the year 2027 will bring. that he sold to RBS in 2002.