PYMNTS

JUNE 16, 2020

Cybercriminals are capitalizing on COVID-19, and they are doing so in tandem with the news cycle,” he said during the virtual hearing. They spoke before the Subcommittee on National Security, International Development, and Monetary Policy Tuesday. Head of Cybersecurity Strategy Tom Kellermann said, testifying before a U.S.

US 227

US Cyber Security Security National 227

PYMNTS

JANUARY 13, 2021

With the national trust bank charter, South Dakota-based Anchorage will become Anchorage Digital Bank , National Association. The OCC conditionally approved the charter, meaning Anchorage had to agree to comply with certain capital and liquidity requirements, as well as the OCC’s risk management rules, the release stated. “The

South Dakota 131

South Dakota Digital Banking Bitcoin cryptocurrency 131

PYMNTS

NOVEMBER 23, 2017

Ride-hailing app company Uber, which made news when it covered up a huge data breach that exposed roughly 600,000 driver’s license numbers, could face investigations by regulators around the globe. 22), regulators in the U.K., s National Cyber Security Centre to determine how large the breach was and how many people in the U.K.

Regulation 100

Regulation Cyber Security Connecticut Illinois 100

Independent Banker

SEPTEMBER 25, 2014

The better prepared, the less likely they are to run afoul of the continually shifting regulations. Regulators and industry consultants agree that community banks are generally doing a great job handling their regulatory oversight and requirements. Be aware of existing or emerging risk concerns. increased operational risks.

Compliance 101

Compliance Regulation Community Bank Community 101

PYMNTS

FEBRUARY 14, 2018

The bank is aiming to get its capital levels to around 10 percent during the next two or three years, noted Reuters. There’s a lot of different metrics that you look at, but they’re all pointing to a slow but steady recovery,” he said, without giving any specifics. It’s never as fast as I would like, but it’s absolutely occurring.”

Regulation 100

Regulation Conference Compliance Lending 100

Abrigo

MARCH 25, 2020

Key Takeaways Banking regulators say short-term, COVID-19-related loan modifications shouldn't automatically be categorized as TDRs. Regulators also announced other guidance tied to reporting and risk-based capital rules. Regulators also announced other guidance tied to reporting and risk-based capital rules.

FDIC 150

FDIC Regulation Exercises Community 150

South State Correspondent

OCTOBER 28, 2022

While last year was dominated by crypto, this year, the themes were mainly around fraud and identity (both conferences). cyber, infrastructure, and regulation. Small Idea – Policy and Regulations are Lagging But Are Going in Banking’s Favor. We are still baffled why this is a debate, but it is. A balance sheet matters.

Conference 195

Conference Technology Las Vegas Trends 195

PYMNTS

OCTOBER 22, 2020

In addition, Switt said, central banks and government entities around the world have now begun to think differently about how they regulate the banking sector, to ensure that they are being as inclusive as possible in order to help this underserved population engage more deeply. The Cash Culture. Crypto And AI/ML.

Payments 206

Payments Community Mobile Comparison 206

PYMNTS

DECEMBER 7, 2018

Not to ruin your holiday spirit, but let’s start this story with the cold and brutal truth: One of the largest risks that payments and commerce operators face in 2019 is being called to account by government officials, regulators or media about a failure to secure their organizations from cyberattacks. and other places.

Payments 240

Payments Tools Security Regulation 240

PYMNTS

DECEMBER 10, 2020

From having to manage troves of unfamiliar vendors to navigating a market marred by fraud, the procurement process for personal protective equipment (PPE) was — and is still — not easy, but it's not the only headache these organizations face. The pain points don't stop there, either. Often, that new vendor was overseas.

Operations 219

Operations Fraud Industry Management 219

Lex Sokolin

MARCH 31, 2021

The second company, Feedzai, does fraud checks at the account opening and payment transaction layer, as well as helps with AML using machine learning. The company doesn’t position itself around solving “fraud” or other scary words used in the traditional regtech industry. Other forms of social capital are just as valuable?—?from

Capital 52

Capital Marketing Community social media 52

South State Correspondent

JULY 25, 2022

We have poured through the recent 2Q earnings releases, spoken with a rash of institutional bank investors, traded thoughts with analysts, and compiled the following list of concerns that bank stakeholders (employees, shareholders, vendors, and regulators) now have. Regulation: What are your regulators concerned about?

Trends 195

Trends Lending Marketing Capital 195

PYMNTS

MAY 9, 2016

Bank of America, Capital One, Wells Fargo, Chase and more published their findings — sometimes to contradicting conclusions. Chase reached some optimistic conclusions regarding how small business owners feel about the year ahead, while Capital One highlighted a 9 percent decline in SME optimism.

America 100

America National Capital Survey 100

PYMNTS

OCTOBER 21, 2016

Banks may not like it, but the demand is here for faster payments — from businesses, consumers and regulators alike. While they’re apprehensive about the technology, financial institutions are facing pressure to adopt real-time payments capabilities to meet that demand and to comply with new regulations.

Payments 100

Payments Regulation Compliance National 100

PYMNTS

JANUARY 28, 2019

Criminals are executing carding fraud and getting money in and out of the Fortnite system with relative impunity,” said Benjamin Preminger, a senior intelligence analyst at Sixgill. Capital One’s Earnings Flub. Capital One ’s further reprots domestic card loans increased 8 percent or $5.8 billion expected by analysts.

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Video Data Google Cards 128

PYMNTS

JANUARY 31, 2020

Bryant formed the Bryant Stibel venture capital firm in 2013 with Jeff Stibel, founder of Web.com. Bank’s Adam Kruis, senior vice president and manager of working capital consulting, and Jennifer Swenson, vice president of corporate payment systems, discuss how the bank ensures smooth implementation of virtual card solutions.

Cards 131

Cards Technology social media Meeting 131

PYMNTS

OCTOBER 11, 2016

. “PacNet, an international payments processor and money services business, has a lengthy history of money laundering by knowingly processing payments on behalf of a wide range of mail fraud schemes that target victims in the United States and throughout the world,” the Treasury wrote. According to the OFAC Acting Director John E.

United States 100

United States Operations Regional Report 100

PYMNTS

JANUARY 24, 2018

It seems governments are a bit more open to distributed ledger technology (DLT), though that doesn’t mean blockchain companies get a free pass with regulators. The China Banking Regulatory Commission (CBRC) reportedly published a paper last week that discusses the regulation of various financial technologies, including blockchain.

blockchain 133

blockchain Fort Worth Bitcoin Regulation 133

PYMNTS

APRIL 10, 2017

Wells Fargo found yet more fraud problems in its organization; Amazon announced some hi-tech staffing expansions and bitcoin finally found a government with the will to recognize it as a currency. Ready to make the leap? Japan stepped up to the plate to deliver some: On April 1, the country recognized bitcoin as a legal payment method.

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Bitcoin Data ATM New Jersey 108

PYMNTS

MARCH 31, 2017

For a second time, it was the lack of oversight, regulation and the potential for fraud in the broader bitcoin space that worked against the proposed ETF. Still, the SEC’s repeated calls for regulation and oversight are sobering given other developments brewing in the bitcoin space. Hard fork, anyone?

Bitcoin 100

Bitcoin blockchain Capital Regulation 100

PYMNTS

MARCH 17, 2017

Lack of oversight, regulation and the potential for fraud in the broader bitcoin space. Additionally, those markets must be regulated. We agree with the SEC that regulation and oversight are important to the health of any marketplace and the safety of all investors.”. Still, some aren’t satisfied with that.

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Bitcoin Regulation cryptocurrency blockchain 123

Gonzobanker

DECEMBER 14, 2023

Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank. They should have been investing in fintech growth businesses and they had the capital to do it.” The Bank Regulator Working for Merchants Award!

Fintech 194

Fintech Community Regional Technology 194

CFPB Monitor

MAY 13, 2019

On Wednesday, May 8, the Federal Trade Commission hosted a special forum exploring small business lending practices, regulations, and policies. In his opening remarks, Commissioner Chopra noted “[t]he FTC is the sole federal regulator and enforcer in the non-bank small business financing marketplace.”

Case Study 68

Case Study Policies Lending Capital 68

PYMNTS

DECEMBER 14, 2018

Among those agencies, alphabetically speaking: the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the Financial Crimes Enforcement Network (FinCEN) and the National Credit Union Administration.

Compliance 148

Compliance Innovation FDIC Examples 148

American Banker

MARCH 4, 2016

More Regulation: The Federal Reserve plans to revive a 2011 proposal Friday that’s been sitting on the back burner after the plan received criticism from Wall Street. The original proposal, an outcome of Dodd-Frank, would have restricted credit exposure to 10% of capital. Regulators have focused their attention largely…

Fraud 28

Fraud Mobile Regulation Capital 28

PYMNTS

MAY 31, 2017

In short, how to tangibly capitalize on the tangible? Against this backdrop, Elan has been waging campaigns to get smaller banks to promote their cards as not only for primary use (and via plastic) but for default use as well, to close the gap with the larger and national players through debit rewards programs and other incentives.

ATM 100

ATM Millennials Cards Management 100

Gonzobanker

DECEMBER 17, 2021

Some interesting finalists would be: M&T and People’s United Old National and First Midwest Webster and Sterling Columbia Bank and Umpqua. Congrats on a brave move and national recognition Jim! Chuck Snyder, chief executive of National Cooperative Bank (NCB). From nowhere, sizable regional players are being created.

Fintech 143

Fintech Strategy Leadership Lending 143

Independent Banker

DECEMBER 31, 2021

Regulators haven’t yet broached the subject with them. Some of the lines that community banks plan to add include fraud and ID theft protection services, treasury management solutions, wealth management, property and casualty insurance, credit cards and specialized loan products. finds talk of raising capital thresholds concerning.

Community Bank 144

Community Bank Community Lending Louisiana 144

Gonzobanker

DECEMBER 19, 2022

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. In December, the founder and CEO of Crypto Exchange company FTX was arrested in the Bahamas (yah, don’t ask) and charged with fraud and conspiracy.

Community 216

Community Fintech Industry Innovation 216

Lex Sokolin

OCTOBER 7, 2020

Crypto assets, and crypto capital markets. Given a rise in global labor markets and the difference in national financial systems, how should moneys travel between individuals and their families? Fraud, trading, underwriting, client experience. Various neobanks, lenders, payments companies. See Schwab, Goldman, and BlackRock.

US 52

US Capital System blockchain 52

Tomorrow's Transactions

NOVEMBER 7, 2014

The nice people at the Fraud Advisory Panel invited me along to their expert stakeholder roundtable on “Protecting Consumers and Reducing Opportunities for Cybercrime”. The event had three main themes: The future of UK financial regulation and British competitiveness post-FSA. But we need new tools to help. Anyway, to the point.

Analysis 58

Analysis Bitcoin Fraud Cyber Security 58

Gonzobanker

DECEMBER 20, 2019

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. Yet the Gonzo team has to give a shout out to the late entry of Texas Capital and Independent Bank. The Tech Award – Goes to Capital One. Best of luck in the next chapter, Chris!

Idaho 148

Idaho Conference Data Marketing 148

Lex Sokolin

OCTOBER 14, 2020

So you soldier on and bring in hard-nosed hedge fund capital. So you decide to aggregate your own capital through deposits and buy Radius bank. This geography too had a p2p lending explosion, which in large part involved fraud and bankruptcy. Maybe sell them downstream into fixed income funds. You’re a bank now anyway.

Lending 52

Lending User Experience Google United States 52

Independent Banker

DECEMBER 13, 2015

These agencies had input: the Federal Reserve, the Office of the Comptroller of the Currency, FDIC and the National Credit Union Administration. No one knows yet how in-depth the regulators might want those assessments.”. The FFIEC is reviewing an Excel version created with banker input.

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

These agencies had input: the Federal Reserve, the Office of the Comptroller of the Currency, FDIC and the National Credit Union Administration. No one knows yet how in-depth the regulators might want those assessments.”. The FFIEC is reviewing an Excel version created with banker input.

Tools 70

Tools Community Community Bank Security 70

Tomorrow's Transactions

DECEMBER 12, 2014

Having said that, it is debit card nation that is actively working to get rid of cash. In case you’re wondering, that’s me drinking French champagne in a toast to celebrate that France took over from the UK as the card fraud capital of Europe in 2013. From Search Results belgium ].

Cards 66

Cards Payments Taxes Retail 66

Gonzobanker

DECEMBER 22, 2015

We don’t know what Los Alamos National Bank’s marketing department was drinking when it designed the customized water bottle labels, but we’re giving them big points for creativity. Regulator Award. Driving real results instead of theoretical internal PowerPoint presentations will be a priority for all these newly promoted leaders.

Community Bank 60

Community Bank Apple Community Technology 60