PYMNTS

SEPTEMBER 13, 2019

To enable continued innovation and growth in the digital economy, the Business Roundtable is asking Congress to pass a comprehensive consumer data privacy law that establishes a national privacy framework and strengthens protections for consumers. fines) would be for non-compliance. companies.

National 129

National Compliance Data Regulation 129

PYMNTS

DECEMBER 18, 2018

As well, the form has a long history of transmitting national values and providing cultural, political and even economic education — one need only dig deep into the comic scene during World War II to understand that. 18) that is has released a free comic and coloring book entitled “ The Adventures of ID Man and Compliance Kid.”.

Compliance 152

Compliance Fraud Security FDIC 152

PYMNTS

OCTOBER 16, 2019

Between $800 billion and $2 trillion USD is laundered each year, according to the United Nations Office on Drugs and Crime. The Cost of Compliance. Scandal and fraud tarnishing banks’ reputations aside, the impact that AML compliance controls have had on these banks’ bottom lines can’t be underestimated.

Compliance 123

Compliance Fraud Study Digital Banking 123

PYMNTS

SEPTEMBER 16, 2019

Despite announcements last month that the deadline for Strong Customer Authentication (SCA) compliance will be extended , the original proposed deadline approaches next week. to come up with a national privacy law were stymied. The potential cost for non-compliance is huge. Previous efforts for the U.S. a password).

Compliance 130

Compliance Guidelines Regulation National 130

Bank Innovation

MAY 31, 2019

Cincinnati-based Fifth Third Bank has applied for a national bank charter as it expands its suite of products and services. On Thursday, the bank said it had filed an application with the Office of the Comptroller of the Currency to convert from an Ohio state-chartered bank to a national bank.

National 186

National Ohio Operations Compliance 186

PYMNTS

JULY 22, 2019

But, Atassi said, Latin America is also a challenging region to take on as a whole because nation-by-nation and vertical-by-vertical, the situation on the ground can vary quite widely in terms of infrastructure, consumer interest and regulatory prerogatives. Opportunity, he noted, abounds. Meeting A Dynamic Market .

Innovation 161

Innovation Payments Regional America 161

PYMNTS

MAY 23, 2017

Innovation is happening at the speed of payments — which, as it turns out, can be pretty fast these days. The essence of every week is reviewing business performance and forecasts, discussing opportunities, predicting and mitigating risks, looking for small openings for transformation and innovating. My weekend, however, is at home.

Innovation 190

Innovation Payments Compliance Risk Management 190

PYMNTS

JULY 16, 2019

Ondot said its 4,000 banks and credit unions will see faster and easier upgrades while also gaining access to the latest innovations and functionality. This option allows mid-sized and smaller issuers to more quickly and easily launch these services and compete with large national banks on digital customer experience.”.

Innovation 128

Innovation Compliance User Experience Cards 128

PYMNTS

SEPTEMBER 24, 2019

With a lot of technology and technical innovation,” said Cohen, “people are always looking at it from a particular point of view, and that lens and those glasses – rose-colored or otherwise – are coming from a very specific individual with priorities and use cases in mind.”. It’s difficult to guard against experts in fraud.”.

Innovation 182

Innovation Fraud Technology Security 182

CFPB Monitor

JULY 27, 2020

The OCC issued a letter last week stating that “a national bank [and a federal savings association] may provide. A national bank should consult with OCC supervisors as appropriate prior to engaging in cryptocurrency custody activities. The letter states that the OCC.

National 113

National cryptocurrency Risk Management Regulation 113

PYMNTS

JULY 2, 2018

According to John Epperson, principal at Crowe LLP , that goes to show that the current approaches to regulatory and compliance technology ( RegTech ) aren’t working. That conflicts with organizations’ compliance needs, as they require a certain level of information to meet the standards. Why RegTech? A Cultural Shift Is Needed.

Compliance 109

Compliance Regulation Meeting Strategy 109

PYMNTS

OCTOBER 7, 2019

Merchants and PSPs are far from the only ones with lingering questions on SCA’s application — regulators in EU countries are trying on to integrate the rule into their national payment processes. It is still a matter of debate on what exemptions, innovations and changes can be left up to national authorities — and what cannot.

Regulation 134

Regulation Trends Compliance National 134

Bank Innovation

OCTOBER 29, 2019

Digital banking brand Varo has 1 million customers, and is pushing ahead with plans to become a nationally-chartered bank early next year, CEO Colin Walsh told Bank Innovation Tuesday.

National 284

National Innovation Digital Banking Branding 284

Insights on Business

MARCH 15, 2019

Senior executives at financial services institutions have expressed the need for a stronger link between compliance and risk as stories of improper conduct and regulatory require­ments for AML, sanctions, customer fairness, data protection and privacy continue to dominate the business headlines. Key elements of an effective GRC program.

Compliance 87

Compliance Management DC Washington 87

American Banker

MARCH 15, 2024

The Consumer Financial Protection Bureau is preparing to pick winners and losers in the consumer lending market, stifling innovation and curtailing freedom of choice.

National 48

National Lending Innovation Marketing 48

PYMNTS

JANUARY 24, 2018

He said the company’s traditional customers — banks — need help to compete against those firms and deliver great customer experiences even as they “fight a battle against the ever-increasing compliance and technology investment requirements.”. A bank or FI has a limited capacity for technology investments, at least internally.

Innovation 139

Innovation Payments Operations Marketing 139

PYMNTS

SEPTEMBER 11, 2019

11) about the importance of innovation and the regulation of non-banking financial institutions (NBFI), according to a release. Innovation and regulatory reform are topics of much discussion in Washington these days. financial system by potential findings of non-compliance,” he said.

social media 116

social media Compliance Innovation Regulation 116

PYMNTS

OCTOBER 18, 2018

In July, reports in the Financial Times said Switzerland is working to open the nation’s traditional corporate banking market to cryptocurrency companies finding it difficult to get banked, thanks to fears over anti-money laundering (AML) violations and other compliance issues. “Time is pressing,” he said.

Guidelines 213

Guidelines cryptocurrency blockchain National 213

Abrigo

JANUARY 30, 2024

REGISTER Takeaway 1 Banking and compliance professionals rely on ThinkBIG to elevate their understanding of industry shifts and regulatory pressures. Banking and compliance professionals rely on the annual conference to elevate their understanding of industry shifts and regulatory pressures that hammer them daily.

Conference 195

Conference Arizona Phoenix Fraud 195

PYMNTS

DECEMBER 14, 2018

News came earlier in the month that several federal agencies have come out — together — in support of banks embracing innovation in their compliance efforts. Thus, said the agencies, banks should eye technology, and should endeavor to “consider, evaluate, and where appropriate, responsibly implement innovative approaches in this area.”

Compliance 148

Compliance Innovation FDIC Examples 148

PYMNTS

JUNE 19, 2020

A payments orchestration layer can serve as an intermediary between a merchant and its various PSPs while extending services that support payments analysis, regulatory compliance, cybersecurity, anti-fraud protection and more. There are ways to effectively manage these logistical issues, however. About The Playbook.

Payments 188

Payments Compliance Resources Fraud 188

PYMNTS

SEPTEMBER 20, 2020

If the European Union (EU) gets its way, the 27-nation bloc will have the power to split or force the sale of giant technology companies that threaten smaller rivals and their customers. Violators would be assessed penalties for non-compliance. But at least one EU official expressed concern that Brussels must strike the right balance.

Compliance 175

Compliance Regulation System Taxes 175

PYMNTS

JANUARY 31, 2019

the Federal Reserve’s Faster Payments Task Force published a report last April urging the nation to review the current regulatory landscape. focuses on enhancing payments speed domestically, payments innovators have taken the speed of cross-border payments to task, too. Indeed, in the U.S., “As the U.S. “As the U.S.

Fraud 182

Fraud Payments Compliance Regulation 182

Bank Innovation

FEBRUARY 14, 2019

Despite predictions of a bleak economy and decreasing investment spending from businesses, banks will not be cutting down their technology spend in 2019, according to Kurt Spieler, Chief Investment Officer at First National Bank of Omaha.

Omaha 186

Omaha Technology National Innovation 186

Payments Source

JULY 15, 2019

Indian consumers and businesses would be best served if New Delhi confined itself to discrete interventions to reduce structural barriers to payments competition, rather than imposing price controls, dispensing subsidies and promoting national favorites, says Eric Grover, a principal at Intrepid Ventures.

Innovation 97

Innovation Payments National Cards 97

CFPB Monitor

MARCH 15, 2022

The rules provide that a loan made by a national bank, federal savings association, or federally-insured state-chartered bank that is permissible under applicable federal law (Section 85 of the National Bank Act (NBA) or Section 27 of the Federal Deposit Insurance Act (FDIA)) is not affected by the sale, assignment, or other transfer of the loan.

California 78

California Innovation Utah West Virginia 78

PYMNTS

SEPTEMBER 14, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. 1 have just taken effect. 1 have just taken effect.

blockchain 160

blockchain cryptocurrency Bitcoin Compliance 160

Bank Innovation

AUGUST 6, 2018

Roboadvisor Betterment is not interested in having its own national bank charter, Bank Innovation has learned. Last week, alongside the endorsement of the US Treasury, the OCC was finally opened the application process for fintechs seeking a special national banking charter.

National 150

National Innovation Fintech US 150

PYMNTS

DECEMBER 27, 2017

A new study from the Center for Talent Innovation (CTI) found that, according to the 2015 US government’s definition of disability , a significant portion of the white-collar workforce has a physical or mental impairment that substantially limits a major life activity: 30% of a nationally representative survey of 3,570 white-collar employees.

Compliance 100

Compliance Leadership Training Innovation 100

PYMNTS

SEPTEMBER 21, 2018

Switzerland is reportedly exploring ways to make it easier for blockchain companies to open corporate bank accounts as the government moves to prevent those innovators from leaving the country. Experts said blockchain innovators struggling to access the traditional financial services sector have been pushed out because of it.

blockchain 187

blockchain Guidelines cryptocurrency Innovation 187

PYMNTS

DECEMBER 7, 2020

and abroad that the concentration of power amongst a small number of tech companies is curtailing growth in the tech sector, reducing innovation and potentially having negative impacts on the people and businesses that rely on them.”. “But there is growing consensus in the U.K. According to the U.K.

Apple 143

Apple Regulation Taxes Marketing 143

PYMNTS

AUGUST 4, 2019

Cryptocurrency compliance company Elliptic has released the Elliptic Data Set, which aims to identify crypto transactions associated with money laundering. A big problem with compliance, in general, is false positives. And Busan has issued a “regulation-free” zone for blockchain development by South Korea’s national government.

Bitcoin 115

Bitcoin Study Data Massachusetts 115

FICO

JANUARY 8, 2019

FICO Score hitting a new high in 2018 or the use of machine learning to challenge the score - dominated reader interest on the Risk & Compliance blog in 2018. Since bottoming out at a score of 686 in October 2009, we have seen eight consecutive years of increases in the national average FICO Score. Average U.S. The average U.S.

Compliance 40

Compliance Trends Innovation Meeting 40

PYMNTS

FEBRUARY 11, 2020

The Uber Money team will be geared toward putting into place new payment methods, harnessing smart routing technologies for payment gateways, using Uber artificial intelligence (AI) models for intelligent risk decisions and enabling as well as developing financial compliance tools. of India (NPCI).

San Francisco 186

San Francisco Fintech Analytics New York 186

South State Correspondent

JANUARY 4, 2023

Moving all customers to digital statements, restructuring compliance reviews and employee onboarding are just some of the more popular efforts that banks are undertaking in 2023. Mostly, this means getting innovative with deposit and payment products. Develop a more innovative process. Why is this so important?

Community Bank 195

Community Bank Capital Training Lending 195

Bank Innovation

SEPTEMBER 5, 2018

The digital banking service Varo Money announced last night it had received preliminary approval for a national banking charter from the Office of the Comptroller of the Currency, a division of the U.S. As Bank Innovation previously reported, Varo raised $45 million for this purpose in January. Treasury Department.

National 150

National Digital Banking Innovation Report 150

PYMNTS

NOVEMBER 2, 2020

During phase one, VASPs will have to demonstrate their compliance with these standards, according to the release. The financial ministry expects to kick off phase two, regarding licensing requirements, in June 2021, the release stated. RBA expects to finish the project at the end of this year.

Bitcoin 160

Bitcoin Policies Groups cryptocurrency 160