BankInovation

AUGUST 2, 2022

Robinhood Markets Inc.’s s cryptocurrency arm was fined $30 million by New York’s financial regulator after the brokerage was accused of violating anti-money-laundering and cybersecurity rules. The unit must enlist an independent consultant to monitor compliance, according to an order filed Tuesday.

New York 52

New York Regulation cryptocurrency Compliance 52

CFPB Monitor

OCTOBER 25, 2022

Following up on a threat it made back in 2018 , the New York State Department of Financial Services (DFS) announced on October 6, 2022 that it entered into a consent order with Rhinebeck Bank (“Rhinebeck”) to settle discrimination claims involving discretionary dealer markups on retail installment contracts with minority borrowers.

New York 78

New York Lending Community Bank Community 78

PYMNTS

SEPTEMBER 30, 2020

In today’s top news in digital-first banking, global card issuing platform Marqeta debuted its Tokenization-as-a-Service (TaaS) offering, while the Bank of New York Mellon (BNY Mellon) has named a new executive for global market infrastructure. BNY Mellon Names Robin Vince To Lead Global Market Infrastructure.

Marketing 130

Marketing New York Cards Conference 130

PYMNTS

APRIL 24, 2019

In the April edition of the Payments And The Platform Economy Playbook , PYMNTS examines how regulatory compliance changes are impacting the growth of the sharing economy. The Playbook also looks at how payment services and other third-party platforms are working with shifting compliance demands to participate in the global sharing economy.

Marketing 179

Marketing Regulation Case Study Security 179

PYMNTS

JUNE 4, 2019

Lyric is not a firm looking to ask for forgiveness rather than permission when it comes to entering new markets in the way Uber and the various firms it inspired have. “We We are really good at regulatory compliance,” Lyric Co-Founder and Chief Executive Officer Andrew Kitchell said in an interview with Bloomberg.

Compliance 109

Compliance Innovation New York San Francisco 109

PYMNTS

MARCH 9, 2020

Banks on Wall Street are talking to regulators about waiving rules regarding brokers working remotely while the coronavirus makes its way through New York, according to a report by Reuters. New York Gov. The CEO of the Securities Industry and Financial Markets Association (SIFMA), Kenneth Bentsen Jr.,

New York 154

New York Regulation Meeting Industry 154

PYMNTS

JANUARY 13, 2019

A talent war in New York is heating up with Amazon opening up its second headquarters in the city and Google expanding its presence. According to a report in CNBC , with unemployment at record lows, demand for tech talent and support services — including advertising, FinTech, accounting, and compliance — is booming.

New York City 134

New York City New York Google Marketing 134

PYMNTS

JULY 15, 2020

said Revolut is its first customer for its new product, the Paxos Crypto Brokerage. According to New York-based Paxos, the API-based solution is designed to enable companies to “integrate cryptocurrency buying, selling, holding and sending capabilities into their own applications.”. “The Revolut made its U.S.

US 233

US cryptocurrency FDIC Compliance 233

Perficient

MAY 27, 2022

As the center of the American financial landscape, it is probably not surprising that New York was the first state to implement regulations specifically designed to cover cryptocurrency activity. For instance, Coinbase can only offer about half the coins available on its platform to New York customers. State Regulations.

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

CFPB Monitor

APRIL 15, 2022

Three credit unions have filed a federal class action lawsuit in the Southern District of New York seeking to halt the enforcement or implementation of New York’s recently passed S.B. The class the credit unions seek to represent consists of similarly situated New York holders of unsatisfied consumer debt judgments.

New York 147

New York United States Policies Compliance 147

PYMNTS

JANUARY 30, 2019

The New York Department of Financial Services (DFS) announced it has fined Standard Chartered $40 million for attempting to rig transactions in foreign exchange (FX) markets between 2007 and 2013. The DFS’ investigation discovered that traders used emails, phone calls and personal meetings to try to rig transactions.

New York 128

New York Compliance Risk Management Meeting 128

Abrigo

JUNE 27, 2023

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. The real estate market is enticing to more than just new homeowners or investors. Real estate market AML risks Real estate is a proven, traditional, and well-established marketplace.

El Paso 195

El Paso Miami United States New York City 195

FICO

JANUARY 8, 2020

At long last, fraud and compliance infrastructures are starting to converge. In the US, the use of artificial intelligence and machine learning in compliance is set to expand dramatically, per directives from the Financial Crimes Enforcement Network (FinCEN). Industry forecasts project the global TPRM market to grow from $3.2

Compliance 52

Compliance Fraud New York City Analytics 52

PYMNTS

JULY 12, 2018

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. A bill signed by Governor Andrew M.

Online 100

Online New York Lending Regulation 100

PYMNTS

JANUARY 28, 2019

As noted in this space by Karen Webster, the ban on the ban – where, now, in New York, surcharges are allowed when merchants post total prices for transactions – shows the inefficiencies of regulation that supersede card networks’ own rules governing merchant activities. In New York this month, credit card surcharges got the okay.

Cards 125

Cards New York Oklahoma Connecticut 125

PYMNTS

AUGUST 24, 2020

German Gov’t Looks Into Amazon’s Use of Its Market Position Amid Pandemic. The German government is probing Amazon for purportedly taking advantage of its market position amid the pandemic, CNBC reported. Its members include The New York Times and National Geographic , among others.

social media 152

social media Data Apple Compliance 152

PYMNTS

DECEMBER 2, 2020

The new license will allow PingPong to offer customers “a more flexible array of services,” the company said in a news release. The B2B company has offices in New York, San Francisco, Japan, Hong Kong and Hangzhou, China. PingPong says it has worked with 800,000 sellers across the globe, spanning 14 markets.

Fintech 158

Fintech San Francisco New York California 158

PYMNTS

FEBRUARY 11, 2020

Uber Money teams are also located in Palo Alto, Amsterdam, New York and San Francisco tech centers, Livemint reported. Uber CEO Dara Khosrowshahi said in a statement , “India remains an exceptionally important market to Uber and we will continue to invest in growing our local Rides business.”. Zomato was valued at $3.55

San Francisco 186

San Francisco Fintech Analytics New York 186

PYMNTS

JANUARY 23, 2019

“New and growing small businesses often need fast access to capital that supports basic needs like inventory purchases, payroll and marketing,” said Edward Siegel, CEO of Bitty Advance, in a statement.

Samsung 162

Samsung New York Branding Apple 162

CFPB Monitor

NOVEMBER 16, 2022

District Court for the Western District of Pennsylvania against New York-based Fluent, Inc.—a The lawsuit alleges that Fluent collected the personal data of Pennsylvania consumers through a series of promotional offerings on websites and thereafter sold that information to sellers and telemarketing companies (“Marketing Partners”).

Pennsylvania 78

Pennsylvania New York Marketing Compliance 78

PYMNTS

NOVEMBER 22, 2019

Richard Ashton, deputy general counsel for litigation, enforcement and system matters, said at a conference in New York that the Federal Reserve is considering an audit of tech firms’ compliance policies and governance structures. Can we look at their overall compliance management program?”. 21), citing a senior official.

Security 116

Security Policies Conference Compliance 116

PYMNTS

NOVEMBER 25, 2019

Isaacson, a lawyer, Bowdoin College professor, senior partner at Brann & Isaacson and Data & Marketing Association tax counsel, argued Wayfair’s side in the precedent-setting Supreme Court case that has small businesses struggling. States have made efforts in prior years to streamline interstate sellers’ tax compliance.

Taxes 132

Taxes South Dakota Compliance Policies 132

PYMNTS

SEPTEMBER 18, 2018

17) that the city financial center, the Abu Dhabi Global Market (ADGM), has debuted a “sandbox” for digital offerings in tandem with Abu Dhabi’s Department of Economic Development. “ While In New York, New York…. Announcements came Monday (Sept. Announcements came Monday (Sept. Startup accelerators are in place.

Fintech 166

Fintech New York US National 166

American Banker

APRIL 16, 2024

detailed how New York Community Bank grew to exceed the $100 billion threshold that triggers tougher bank requirements and set the bank on a path to market turmoil via a series of deals that were approved, in part, by the Office of the Comptroller of the Currency. Elizabeth Warren, D-Mass., and Richard Blumenthal, D-Conn.,

New York 41

New York Community Bank Community Marketing 41

American Banker

JUNE 28, 2023

So says Solidus Labs, a New York-based company that specializes in ways to monitor suspicious crypto transactions.

New York 36

New York Marketing Company cryptocurrency 36

PYMNTS

FEBRUARY 18, 2019

trillion a year, reported Mansion Global, citing data from Accuity, a global risk and compliance company. According to Unger, bad guys tend to purchase properties in cities where the housing market retains its value and typically use a shell company or a business associate to make the real estate deal. As for the U.K.,

Las Vegas 182

Las Vegas San Antonio San Diego Fort Worth 182

PYMNTS

JANUARY 7, 2020

China’s Guangdong province has launched a blockchain financing platform for small and medium-sized businesses, backed by OneConnect , a Chinese FinTech recently listed on the New York Stock Exchange, according to a press release. . ” TaxBit will use the funding to speed up customer growth, and make its products better.

Bitcoin 132

Bitcoin blockchain Taxes Austin 132

South State Correspondent

JANUARY 4, 2023

While the current growth rate needs to be left to each bank based on their capital cost, market, and risk tolerance, the general guide is that growth should be in the 3% to 5% range for this year. When offering a higher money market or CD rate, the direct damage done to cost of funds is often the least of a bank’s worries.

Community Bank 195

Community Bank Capital Lending Training 195

Insights on Business

MAY 19, 2017

In the area of regulatory compliance, however, simply keeping up with the volume and variety of new and changing regulations is high on the priority list of virtually all organizations. The OPS 2017 event was presented by the Securities Industry and Financial Markets Association (SIFMA) and this year IBM was a Platinum sponsor.

Compliance 160

Compliance Analytics Regulation Training 160

Bank Innovation

MAY 31, 2019

New York-based Grasshopper Bancorp, which opened for business to a select group of entrepreneurs and investors earlier this month, this week raised $116 million from investors, including T. Rowe Price Group, Patriot Financial Partners and Endeavour Capital Advisors.

New York 186

New York Groups Capital FDIC 186

Insights on Business

JULY 20, 2018

When IBM acquired OpenPages in 2010, it was widely recognized as a pioneer and market leader in governance, risk and compliance software. Since the acquisition in 2010, IBM has continued to drive innovation and leadership in risk and compliance and industry leaders have taken note. IBM RegTech Innovations.

Risk Management 96

Risk Management Management Compliance New York City 96

PopularBank

JUNE 10, 2021

New York, NY – June 9, 2021 – Popular Bank, a subsidiary of Popular, Inc. Popular Bank has branches in New York, New Jersey, and Florida, and provides 24/7 digital banking solutions and access to 55,000 ATMs through the Allpoint network. The firm has been analyzing and reporting on the performance of U.S.

New Jersey 98

New Jersey New York Florida Community 98

PYMNTS

JANUARY 27, 2020

Market forces (and, some would say, unabashed corporate greed) repurposed legions of former full-timers into a virtual army of self-employed free agents. It’s anybody’s guess how gig economy market dynamics will shake out at this point. New York State’s Dependent Worker Act is similar. In It for the Money .

Software 220

Software New York Taxes Compliance 220

PYMNTS

JULY 12, 2019

One of the biggest arguments in favor of federal legalization of marijuana is the opportunity for regulation to pull an industry off the black market, and into the world of compliance and transparency — ultimately promoting consumer safety. Fraud, in the herbal world, is a very common occurrence,” she told PYMNTS in a recent interview.

Retail 154

Retail Colorado Regulation Compliance 154

PYMNTS

JUNE 27, 2018

Digital money platform Uphold announced that it has reached an agreement to acquire New York Stock Exchange member JNK Securities Corp. If the deal is finalized, Uphold’s compliance footprint will be expanded, as well as its customer base and service offering.

Security 108

Security Los Angeles San Francisco Compliance 108

PYMNTS

MARCH 28, 2019

ICBA Bancard, the payment services arm of the Independent Community Bankers of America (ICBA), has partnered with Urban FT, a New York-based software company, to bring prepaid cards to community banks, the companies said in a press release. trillion by 2022. based Sunrise Banks, a $1.1

Cards 128

Cards Community Bank Community New York 128

PYMNTS

DECEMBER 13, 2018

In Rapid City, South Dakota, for example, MED5 Federal Credit Union (MED5 FCU) launched an upgraded website after collaborating with the FinTech OMNICOMMANDER , which works to provide CUs with a variety of online tools, including web design, social media and marketing services. AML Compliance Turns CUs Into Law Enforcement.

Regulation 135

Regulation South Dakota ATM New York City 135