PYMNTS

JUNE 18, 2020

Securities and Exchange Commission (SEC) of its plans for an initial public offering (IPO). We are proud of Eastern Bank’s history as the oldest and largest mutual bank in the United States and our enduring commitment to our customers, colleagues and communities,” said Rivers in the release. billion to around $2 billion.

United States 142

United States Boston Community Security 142

PYMNTS

DECEMBER 17, 2020

GoCardless has landed $95 million in a Bain Capital Ventures-led Series F funding round. Australian buy now, pay later (BNPL) company Openpay has officially rolled out in the United States. Openpay also works in the United Kingdom, New Zealand and Australia. UK FinTech GoCardless Raises $95 Million Led By Bain.

Fintech 142

Fintech US Payments United States 142

Abrigo

NOVEMBER 17, 2023

Additionally, the human capital investment—in terms of both hiring fraud prevention experts and training existing staff—represents a significant operational expense. FinCEN states, fraud is believed to represent the largest share of illicit proceeds in the United States. financial s ystem.

Fraud 195

Fraud Training Trends Compliance 195

PYMNTS

MARCH 4, 2019

The completion of the deal comes as talk abounds that the company wants to raise $250 million in fresh capital. “As a crowdfunding pioneer in the United States, SeedInvest helped to shape the JOBS Act. News of the deal comes after news broke over the weekend that Circle was seeking more capital.

United States 128

United States Capital blockchain cryptocurrency 128

PYMNTS

JUNE 6, 2018

Months after rolling out a crypto trading platform , Circle Internet Financial Ltd said it has had early talks with regulators about obtaining a banking license in the U.S. To enable its customers to trade securities, for example, Circle is reportedly seeking to register with the U.S. to transfer money at no cost. this summer.

US 100

US California United States New York 100

PYMNTS

SEPTEMBER 24, 2019

23) morning in Tallinn, the capital of Estonia. Danske Bank has been under a criminal probe from not only Estonia, but the United States , Denmark and France, over the scandal which saw money from former Soviet states, like Russia and Moldova, moved through the Estonian branch of the bank.

United States 116

United States Regulation Operations Capital 116

PYMNTS

AUGUST 29, 2019

The company, which is based in both Switzerland and Singapore, has been talking with regulators and petitioned for a capital markets services license, which will allow the firm to offer asset management as a first step into financial services, co-founders Mathias Imbach and Gerald Goh said, according to Deal Street Asia.

Bitcoin 101

Bitcoin North Carolina blockchain San Francisco 101

PYMNTS

OCTOBER 29, 2019

This leads us to a bit of headscratching, as, in past coverage, we’ve noted that proponents of blockchain have stated that security and anonymity of data that flows between two parties is valuable because it cannot be touched, really, by anyone. In the United States, for a listing of as much as $400 million. million.

blockchain 117

blockchain Bitcoin United States Course 117

Insights on Business

FEBRUARY 25, 2019

In the Financial Services industry, a range of businesses including banks, insurance companies, securities trading organizations, and capital market clients are required to comply with regulations that include information governance and stringent records retention requirements. Ability to set permanent retention per object.

Meeting 87

Meeting Industry Compliance Policies 87

PYMNTS

JANUARY 8, 2019

Singtel’s Dash is bringing remittance services to Myanmar by teaming up with the United Nation’s Capital Development Fund (UNCDF), the company said in an announcement. Through the service, Pakistanis who reside in Malaysia can send money home “instantly and securely” via real-time money transfers.

Regional 128

Regional blockchain Mobile United States 128

PYMNTS

MARCH 11, 2016

A number of banks based outside of the United States have been raising opposition to proposals by the Federal Reserve to bring “too-big-to-fail” rules into force. units of those very banks. Those additions to capital structure were disclosed in draft rules that were made public in the fall of last year. The non-U.S.

United States 100

United States Capital Groups System 100

Gonzobanker

AUGUST 24, 2023

Rising interest rates depress the value of low-rate securities and loans. Banks had more than $500 billion in unrealized losses on their securities at the end of March. The Credit Card Competition Act of 2023 could negatively impact banks’ ability to generate interchange fees and reduce the amount of capital they issue, however.

Innovation 148

Innovation United States Industry Technology 148

PYMNTS

SEPTEMBER 8, 2017

The company secured 8.6 Chinese companies, especially FinTechs, are beginning to turn to overseas public offerings to raise new capital, according to reports earlier this week. Analysts say the trend is the result of tightened regulations at home, especially those impacting alternative lending startups. “An

United States 100

United States Google Fintech Maine 100

PYMNTS

MAY 1, 2019

at Export Development Canada (EDC), said that before products like trade finance , bank capital and trade credit insurance come into play, supporting SMBs’ ability to find and choose the right customers and markets across borders is key. often lands in a neighboring state. Robert Pelletier, who is the chief representative, U.S.

Regional 138

Regional Atlanta Capital United States 138

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.

United States 100

United States Operations Regional Payments 100

CFPB Monitor

JULY 21, 2022

CA), inserting into the NDAA a version of the “Establishing New Authorities for Business Laundering and Enabling Risks to Security Act,” otherwise more commonly known as the ENABLERS Act. As we will discuss, it applies the BSA to persons providing corporate formation, trust, third-party payment, or similar legal or accounting services.

United States 78

United States Taxes Regulation Compliance 78

Jeff For Banks

JUNE 2, 2023

The early 1980s was a difficult time for the United States, as consumers faced rising prices, high unemployment, and the effects of a supply shock—an oil embargo—which caused energy prices to skyrocket. Third, the regulators need adequate financial resources. My lesson learned to the regulators, read your past lessons learned.

FDIC 78

FDIC Community Bank Regulation Lending 78

PYMNTS

OCTOBER 18, 2019

In the United States, according to some sources such as Javelin , more than one million children were victimized by identity theft — and the fraud costs their families more than $540 million. In the past, Cohen said, children were unlikely to become targets in the first place, due to the simple fact that they lacked access to capital.

Fraud 106

Fraud Security social media Tools 106

PYMNTS

JANUARY 26, 2018

And lest you think changes in tax policy sow confusion only in the United States, think again. The regulatory environment, of course, is one where some countries are taking a conservative approach to regulation, and others have taken more drastic measures (we’ll leave you to guess which ones). This past week saw a wild ride.

Bitcoin 123

Bitcoin Taxes cryptocurrency Regulation 123

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

CB Insights

FEBRUARY 20, 2018

Earlier this year, US regulators blocked what would have been a massive $1.2B This regulatory pressure, paired with tighter capital controls in China, has led to a tapering off of private tech investment from Chinese investors in the US. acquisition of Minneapolis-based global remittance provider MoneyGram by Ant Financial.

US 42

US United States Minneapolis Regulation 42

Gonzobanker

DECEMBER 14, 2023

Anyone who follows the industry knows this focused institution led by Findlay is all about executing the timeless principles of capital management, credit quality, efficiency and customer service. We remember his architecting the legendary Bank of America and Security Pacific merger on the West Coast. Grab some popcorn and watch.

Fintech 195

Fintech Community Regional Technology 195

CFPB Monitor

MARCH 3, 2017

” It further emphasized that this unintended inclusion of credit unions has created an environment whereby “credit unions can no longer afford to review and comply with hundreds of regulations totaling thousands of pages.” ”

United States 60

United States System Regulation National 60

PYMNTS

SEPTEMBER 20, 2018

Those projects, of course, come from firms that are looking to capitalize on new revenue opportunities. A larger-scale picture may emerge from data that is contained in the S-1 filing from Upwork , which, as you may know, is planning to list on public markets in the United States. That’s because they can take on workers quickly.

United States 128

United States Company Report Online 128

PYMNTS

AUGUST 12, 2016

Then, there was the announcement of Square Capital’s partnership with Upserve , a restaurant management system (the same one that also acquired Breadcrumb from Groupon in May) to extend working capital to restaurants. But is FireEye’s fizzle this week a security sizzle? Apple And The Aussies.

Lending 100

Lending Apple Cards Study 100

PYMNTS

OCTOBER 10, 2016

The CFPB dropped its latest set of regulations for prepaid payments cards , to some cheers (for offering clarity on fees) and some jeers (for thinking that prepaid cards are credit products and require underwriting for $25, 24-hour overdrafts). Much of this situation is additionally muddied by the fact that regulators in the U.S.

Samsung 100

Samsung Google blockchain Bitcoin 100

FICO

MARCH 31, 2016

During this period of Congressional gridlock, much of the activity in Washington DC impacting the financial services industry remains focused on the development and implementation of new regulations. Here’s a very brief overview of what we’ll cover: Stress testing is a key area of emphasis for regulators around the globe.

Compliance 40

Compliance DC Washington Regulation 40

PYMNTS

MARCH 17, 2017

The movement toward financial inclusion, and toward a consumer experience that is seamless and intuitive and secure, is one that brings companies to share process and perhaps even prosperity. As remarked early in the day, it takes a village to build a payments ecosystem. Connectivity and Collaboration. It’s a big problem.

Innovation 103

Innovation Lending Boston Security 103

MyBankTracker

DECEMBER 1, 2020

The company was founded in March 2009 and started by providing ridesharing services across the United States. The company went public in 2019, and now has a market capitalization of almost $90 billion. Regulation. One unique risk that Uber faces is regulation from the government. Research and Analysis.

How To 52

How To San Francisco Analysis Regulation 52

Gonzobanker

JUNE 30, 2016

The majority of EMV (Europay, MasterCard and VISA) cards on the street are issued by regulated (large) banks, which leaves a much larger percentage of financial institutions that are not yet issuing EMV. What are consumers to do if they don’t have an alternative payment method – leave their basket of goods?

Payments 112

Payments Cards United States Fraud 112

Insights on Business

OCTOBER 11, 2017

In addition to this, in the United States, The Clearing House will begin its Real Time Payments pilot later this year, while in Europe the new SEPA Instant Payments scheme goes live in November. Here are three recommendations to chart the course and come out ahead: Become an API leader: Don’t just comply with rules and regulations.

Industry 70

Industry Payments Course Meeting 70

CB Insights

JULY 24, 2017

The image below highlights some of Atomwise’s patent applications: This application of AI has piqued the interest of venture capitalists: Andreessen Horowitz (among others) seed funded twoXAR ; Lightspeed Venture Partners invested in NuMedii in 2013; and Foundation Capital participated in 3 equity funding rounds to Numerate.

Study 28

Study Analytics Capital Data 28

CB Insights

JULY 24, 2017

The image below highlights some of Atomwise’s patent applications: This application of AI has piqued the interest of venture capitalists: Andreessen Horowitz (among others) seed funded twoXAR ; Lightspeed Venture Partners invested in NuMedii in 2013; and Foundation Capital participated in 3 equity funding rounds to Numerate.

Study 28

Study Analytics Capital Data 28

Lex Sokolin

DECEMBER 25, 2019

On the other hand, there are only 8,000 Registered Financial Advisors in the United States and even fewer hedge funds, private equity firms, and family offices. Other things like Compound are essentially a securities lending marketplace?—?you But being a leader doesn’t yet mean celebrating industry victory?—?Ethereum’s

blockchain 52

blockchain Bitcoin Software Lending 52

Bankelele

DECEMBER 24, 2015

As such, they should be treated in the same manner, as there is no explicit regulation for virtual currencies in Kenya. Bitcoin has a unique design, that confounds regulators and monetary authorities attempting to pigeonhole it. For example, US tax authority IRS classifies it as an asset, with tax payable on capital gains.

Bitcoin 28

Bitcoin Regulation Taxes blockchain 28

CB Insights

DECEMBER 4, 2019

An RBC Capital Markets report put the average annual sales of an Amazon Go location at about $1.5M. Later in September 2019, Amazon was reported to have been in talks with OTG’s CIBO Express stores at airports and Cineworld’s Regal Cinemas, a theater chain with more than 560 screens in the United States. in 2017 and 2.6%

Cards 101

Cards Lending Strategy US 101

PYMNTS

MARCH 31, 2020

In a recent interview with PYMNTS, GrainChain Founder and CEO Luis Macias said blockchain promotes the security and privacy traditional banks demand from any solution, while smart contract technology mitigates risk and promotes trust in B2B payment and trade finance transactions. Plastiq Eases Card Rail Friction. In the U.K.,

Payments 193

Payments blockchain Cards cryptocurrency 193