PYMNTS

OCTOBER 25, 2019

The Commodity Futures Trading Commission ( CFTC ), Federal Deposit Insurance Corporation ( FDIC ), Office of the Comptroller of the Currency ( OCC ), and the Securities and Exchange Commission ( SEC ) have announced that they are joining the Global Financial Innovation Network ( GFIN ). Jack Tate told CoinDesk.

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Colorado Regulation Innovation Wyoming 102

PYMNTS

NOVEMBER 3, 2020

As China's Ant Group readies for its IPO — the biggest ever — founder Jack Ma wanted to clarify that the company is a tech firm, not a bank, Reuters reports. Reuters writes that while Ant presents itself as a tech company, financial regulators have suggested it's under their umbrella. The aforementioned IPO will go for $34.4

Groups 196

Groups Regulation Report Security 196

PYMNTS

JULY 10, 2020

For several years, while state-level legalization has expanded, access to traditional banks remains an issue thanks to their status as federally regulated entities. That doesn’t mean these companies have the ability to easily adopt the same payments solutions that businesses in other industries can access.

Innovation 210

Innovation Payments Tools Compliance 210

PYMNTS

OCTOBER 29, 2018

As a result of the passage and adoption of open banking regulations, like PSD2 in Europe, banks and other financial firms are sharing data more freely than ever before. While these initiatives are spurring more focused financial services innovations, they also come with challenges. Adapting To Open Banking .

Security 192

Security Fraud Tools Data 192

CFPB Monitor

MAY 31, 2022

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.” Responsible Innovation “.

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cryptocurrency Innovation DC National 146

Chris Skinner

MARCH 23, 2017

I’ve been working closely with BKM, the Turkish retail payments clearing company, for a few years now. They manage the Fintech Istanbul program, and are the powerhouse behind many of the innovations we’ve seen in Turkey from mobile wallets to contactless payments. Could you please tell us a bit about banking sector in Turkey?

Innovation 196

Innovation Cards Trends System 196

PYMNTS

JULY 24, 2019

Despite IoT’s popularity, however, security a nd privacy issues continue to make headlines. A popular white-label GPS tracker sold by more than a dozen companies was found to have a number of security flaws earlier this year, while a new strain of Mirai malware specifically targeting IoT devices was recently discovered.

Security 172

Security Regulation Industry Study 172

PYMNTS

JANUARY 14, 2021

Bitcoin is about to get even more scrutiny by regulators, on a global stage. As reported by Reuters this week, Lagarde said at a conference sponsored by the newswire that bitcoin should be regulated — worldwide. She went on to say that “there has to be regulation. She pointed to the crypto’s use in criminal activity.

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Bitcoin Regulation Tools cryptocurrency 152

PYMNTS

APRIL 22, 2020

Global concern over the coronavirus spreading on contaminated surfaces in public places is unleashing rapid development of innovative biometric products that could assist a touchless society. The pandemic is also prompting facial recognition companies worldwide to track citizens who may have tested positive for the virus.

Innovation 209

Innovation New York City System Tools 209

PYMNTS

NOVEMBER 9, 2018

percent of retailers have said they innovate to improve customer loyalty. That, in fact, is one of the main findings in the new Retail Innovation Readiness Index from PYMNTS, powered by FinTech firm AEVI. Things have changed, though, he said — one reason why that innovation finding carries such weight. “I Innovation Divide.

Innovation 174

Innovation Retail Maine Security 174

Perficient

JUNE 1, 2023

As the financial services industry continues to evolve, companies are looking for ways to stay ahead of the competition and increase their market share. We also enable clients to use Writer’s snippets to follow strict compliance regulations and efficiently include disclosures in their Sales and Marketing.

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Compliance Industry Regulation Data 251

PYMNTS

NOVEMBER 10, 2020

Phixius provides interoperability between various participants connecting to the platform, enabling better security in moving data as opposed to storing it in a central repository like the cloud. According to Throckmorton, Phixius fixes issues with the old system by using congruent regulations and leveraging blockchain technology.

Security 181

Security Fraud Customer Experience blockchain 181

PYMNTS

JANUARY 26, 2021

Add “lobby and visitor management” to the list of tech industries that have seen a spike in demand as companies contend with an ever-changing list of COVID-19-era requirements needed to safely and swiftly move people and packages in and out of their businesses. Are we being compliant with government regulations? Goodbye Caveman.

Management 291

Management Company US Compliance 291

PYMNTS

JUNE 6, 2019

In the latest Disbursements Tracker , PYMNTS explores how banks and card providers are approaching payment innovations to keep pace with consumer demand, and to better protect against fraudsters. Though regulators and banks in the U.S. Social media platform Facebook is set on further innovating WhatsApp features with a new U.K.-based

Security 162

Security social media Innovation Regional 162

PYMNTS

SEPTEMBER 25, 2019

Innovation can be a blanket term in the banking world. Is artificial intelligence (AI) for anti-money laundering (AML) compliance innovation? The latest Innovation Readiness Playbook surveyed more than 200 bank executives to reveal the role that core processing and IT infrastructure play in innovation performance and strategy.

Innovation 171

Innovation System Compliance Payments 171

PYMNTS

DECEMBER 31, 2020

In a year filled with unexpected challenges and a COVID-era economic climate that proved fatal for many companies, PYMNTS was lucky to hear directly from the front lines how scores of company leaders and industry experts were coping with the crisis and turning conflict into opportunity. The other is technological innovation.

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Innovation Payments Trends Regulation 289

PYMNTS

JANUARY 30, 2019

China could be gearing up to take on New York and Hong Kong when it comes to listing technology companies on the stock exchange, publishing draft rules for a startup board that is similar to Nasdaq. It will also help Shanghai become an international financial center, as well as a hub for technology innovation.”.

Company 115

Company New York Big Data Innovation 115

PYMNTS

APRIL 18, 2019

A new technology protocol announced by corporate accounting and auditing firm Ernst & Young (EY) aims to secure transactions made over public Ethereum blockchain. The solution aims to help enterprises and investors to conduct private, secure transactions on a public blockchain.

blockchain 167

blockchain Security Tools Taxes 167

PYMNTS

NOVEMBER 26, 2019

Ola, a ride-hailing company from India, said it’s going to be operational in London “in the coming weeks,” according to a report by TechCrunch. So far, the company has raised $3.5 The ride-hailing company secured a license from TfL earlier in the year, and it said it was ready to serve 7 million people throughout 27 British boroughs.

Company 133

Company Operations System Fraud 133

PYMNTS

AUGUST 2, 2019

Antitrust investigations have also begun to determine if Amazon and other tech companies have used their size and influence to stifle competition, the WSJ said. Regulators’ influence over non-banks is limited, and banks are left to vet their own vendors. banking system. Treasury report last year, the WSJ said.

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Regulation Virginia Google Capital 144

PYMNTS

JUNE 9, 2020

The EU enacted open banking rules in 2018, inspiring regulators worldwide to reconsider how they were transacting funds or transmitting data. The COVID-19 pandemic’s impact on daily business has generated new questions surrounding these initiatives that regulators are now scrambling to answer. and the EU. Australia and Canada.

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Regulation Online California Regional 132

PYMNTS

JUNE 14, 2019

Google CEO Sundar Pichai pushed back against talk of regulating tech companies, saying that the move could have unintended consequences, according to a report by CNBC. “I I worry that if you regulate for the sake of regulating it, it has a lot of unintended consequences,” Pichai said. So we have to balance both.

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Google Regulation Comparison Leadership 108

PYMNTS

SEPTEMBER 24, 2019

The bumpy road cryptos face under scrutiny from regulators (we’re looking at you, Libra ) was a springboard into a larger discussion between Zac Cohen, general manager at Trulioo , and Karen Webster on the challenges FIs and others face when deploying new technologies. Identities, in turn, must be secured, verified and reusable.

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Innovation Fraud Technology Security 182

PYMNTS

MAY 22, 2019

In a blog post , the company said it now offers a “lightweight integration specification that allows banks and FinTech applications to quickly and easily become a data source in the Plaid network. Plaid said the new service already has sparked innovation, via Varo Money.

Innovation 190

Innovation Fintech Strategy Data 190

PYMNTS

JANUARY 31, 2021

Ripple has responded to a lawsuit against it, saying that the Securities and Exchange Commission (SEC)'s opinion that its XRP cryptocurrency is a security is false, a filing says. The SEC contests that Ripple’s digital coin counts as a security and, as such, the SEC is allowed to regulate it. The move also “threatens U.S.

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cryptocurrency Bitcoin Regulation Security 230

PYMNTS

JUNE 24, 2020

With corporate travel still on pause, commercial card innovation has taken a different direction. In a recent announcement , the Singapore company revealed its BizPay solution, an online platform enabling businesses to use their existing commercial cards and converting their credit limit into working capital to pay suppliers. .

Cards 131

Cards Innovation Tools Capital 131

PYMNTS

SEPTEMBER 30, 2020

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. They argue that the OCC would oversee the new charter holders — but not as rigorously as state regulators would. Specific Concerns .

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Regulation National System Industry 349

PYMNTS

FEBRUARY 21, 2019

That said, IoT device creators and consumers are looking at IoT security with a higher level of scrutiny. In the February Intelligence of Things Tracker , PYMNTS examines how countries, developers and consumers are responding to increased calls for security, as well as how the IoT market is growing worldwide. Around the IoT World.

Security 180

Security Data Conference Regional 180

PYMNTS

MAY 23, 2017

Innovation is happening at the speed of payments — which, as it turns out, can be pretty fast these days. I travel three weeks out of four to meet our stakeholders in the markets they are in — customers, agents, regulators and employees. PYMNTS: What does a day in your life look like? I try to keep this to a minimum.

Innovation 190

Innovation Payments Compliance Risk Management 190

Bank Innovation

FEBRUARY 23, 2018

EXCLUSIVE— While businesses and banks in the United Kingdom are moving (slowly) towards compliance with the General Data Protection Regulation, many U.S. companies are still figuring out if the regulation applies to them.

Company 225

Company Conference Compliance Regulation 225

PYMNTS

APRIL 22, 2020

The surge in gig workers and independent contractors has professionals, service providers and regulators engaged in new debates about what it means to be an employee or a small business. ACH Innovation Breaks The Mold. One of the biggest barriers to payroll innovation in recent decades has been the process’s reliance on ACH.

Innovation 155

Innovation Payments Fintech System 155

PYMNTS

MARCH 25, 2020

As commercial card innovation expands, service providers continue to target particular pain points for their business cardholders. Together, the companies are rolling out an offering that arms SMBs with commercial cards without the need for a personal guarantee, according to a press release. ”

Cards 115

Cards Innovation Regulation Video 115

PYMNTS

MARCH 26, 2018

and Australia are strengthening an existing collaborative agreement to promote FinTech innovation, according to reports in Mondo Visione. For instance, if a company is already participating in the U.K.’s The regulators will also continue to facilitate communication to support one another’s Innovation Hubs, reports noted.

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Innovation Fintech Regulation Strategy 100

PYMNTS

JUNE 27, 2017

In this week’s Commander in Chief series, PYMNTS talks with mobile capture and identity verification company Mitek Systems ’ CEO James DeBello about what moves the ball for the mobile industry. He also offers advice for how to innovate in the field. PYMNTS: Where do you look for innovative ideas, and why?

Innovation 145

Innovation System Mobile Trends 145

PYMNTS

JANUARY 22, 2020

Separately, IBM CEO Ginni Rometty told CNBC from Davos that artificial intelligence should be subject to “precision regulation … you want to have innovation flourish and you’ve got to balance that with security.” There’s still some work to be done,” the minister said at the conference.

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Taxes Regulation Conference National 131

PYMNTS

APRIL 25, 2019

This is especially true in areas like the European Union, where the General Data Protection Regulation ( GDPR ) is changing how customers and corporates approach data sharing. Security and the Homesharing Platform. The company also works with several security providers to ensure users’ payments remain safe.

Security 100

Security Data Regulation Mobile 100

PYMNTS

MARCH 21, 2019

Not an entirely surprising fact, given that it is the collision of two highly specialized and extremely regulated worlds. Large providers, drug manufacturers and insurance firms have big innovations that are moving them away from checks. The Foundation For Innovation. The way the whole industry has evolved, it is very layered.

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Innovation Payments Regulation System 152