CFPB Monitor

MARCH 8, 2019

Requiring periodic reports submitted to the boards of directors to ensure compliance. The amendments are also designed to ensure that non-bank financial technology entities, fintechs, are subject to cybersecurity standards similar to those that banks are subject to under the FFIEC interagency guidelines.

Cyber Security 68

Cyber Security Guidelines Security Compliance 68

PYMNTS

MAY 6, 2020

Many moving parts remain uncertain, however, thwarting educators from being able to definitively predict cash flows. “This has hit so many geographies and industries that this could be the first test in a long time of the responsibility of financial transactions.” ”

Management 160

Management Strategy Policies Industry 160

PYMNTS

MAY 6, 2020

Many moving parts remain uncertain, however, thwarting educators from being able to definitively predict cash flows. “This has hit so many geographies and industries that this could be the first test in a long time of the responsibility of financial transactions.” ”

Management 159

Management Strategy Policies Industry 159

CFPB Monitor

DECEMBER 22, 2020

The final rule, which includes material differences from the FDIC’s proposal, becomes effective April 1, 2021, with full compliance extended until January 1, 2022. Accordingly, the definition of a “brokered deposit” turns on the definition of a “deposit broker.”. Key items in the final rule include: “Deposit broker” definition.

FDIC 78

FDIC Capital National Regulation 78

CFPB Monitor

JULY 21, 2022

Currently, and depending on the facts, the BSA often does not apply to payment processors, who often fit into an exemption under the BSA’s definition of a “money services business,” or MSBs, subject to AML requirements. financial system adopt anti-money laundering procedures that can help detect and prevent the laundering of corrupt funds.”.

United States 78

United States Taxes Regulation Compliance 78

Gonzobanker

MAY 17, 2022

For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. As bank tech buyers, executives need to invest more in these purchases than they are doing today, and they must build a better rigor around the discipline of technology performance management.

Technology 145

Technology Regional Community Bank Community 145

Insights on Business

JULY 20, 2017

See how open banking APIs are transforming financial services (and businesses, too!). I wasn’t particularly inspired by the Wikipedia definition , so I’ll give you mine. The emergence of financial technology (fintech) and the push of regulators for more competition are disaggregating and open this closed value chain.

Fintech 181

Fintech Mobile Examples Data 181