Remove Community Bank Remove cryptocurrency Remove Regulation Remove Security
article thumbnail

Facebook Faces Billions In Possible GDPR Fines

PYMNTS

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.

article thumbnail

How cybersecurity, AI and senate elections will shape banking in 2024

American Banker

New regulations involving cryptocurrency and the results of key elections will impact the industry's success this year.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Bitcoin Daily: Dutch Parliament Cracks Down On Money Laundering; Busan Considers Launching Its Own Crypto

PYMNTS

Dutch ministers have revealed plans to regulate cryptocurrencies in order to prevent money laundering in the country. As part of the plan, the ministers propose tightening the regulation of cryptocurrency services and initial coin offerings (ICOs), as well as boosting investments in projects to prevent crimes.

Nevada 100
article thumbnail

Across The Crypto Legal Bow, Lawsuits

PYMNTS

The regulators have been looking at cryptocurrency operators – and in the United States, at least, are firing shots across the regulatory bow. In addition, the regulator charged, the three operators broke laws governing commodity trading. It may be too early to tell just what the impact of PSD2 and Open Banking might be.

article thumbnail

How Treasurers Can Prepare For A Real-Time Payments Ecosystem

PYMNTS

It’s one factor in why so few challenger banks have launched in the country compared to markets like the U.K., where challenger banking has flourished in recent years. has been nowhere near other markets like Japan and Switzerland in embracing digital assets within the banking arena, though it’s not necessarily a surprise.

Payments 294
article thumbnail

The Future Of Payments Beyond The Pandemic

PYMNTS

He said community banks and credit unions (CUs) have tended be on the trailing edge when it comes to digital. The questions revolving around security will necessarily move beyond simply focusing on the transaction and will force merchants, issuers and others to examine whether consumers are who they say they are.

Payments 172
article thumbnail

Digital Disruption

Independent Banker

Regardless of the name, nonbank technology firms are wedging themselves between community banks and their customers by offering a slew of traditional and nontraditional banking products. This puts consumer data, and potentially credit ratings, reputations and bank accounts, in jeopardy. Siphoning customers.