PYMNTS

FEBRUARY 9, 2018

The world’s first ICO regulations are coming, care of Gibraltar. The rapid global proliferation of initial coin offerings has become an issue of mounting concern among regulators and central banks around the world – in particular, the growth of ICOs has fueled massive growth in the cryptocurrency market in general.

Regulation 106

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PYMNTS

NOVEMBER 16, 2020

Regulation. Tencent Holdings President Martin Lau said further regulations are needed in China to mirror a “new reality.”. As technology companies become bigger and more important to the economy, I would say more regulations to reflect the new reality are needed," Lau said, according to the report.

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Maryland Taxes Online Groups 151

PYMNTS

OCTOBER 19, 2020

Regulation. Two government officials from European nations have advocated to have watchdogs engage in preventative measures against Big Tech to reduce their strength and handle on the market, according to reports. The new regulations would also reshape the manner in which these companies collect and harness information.

Taxes 143

Taxes Compliance Regulation Google 143

PYMNTS

DECEMBER 26, 2018

The European Data Protection Board will soon decide if financial regulators around the world can freely engage in the exchange of cross-border information. The European Union’s General Data Protection Regulation (GDPR), which gives consumers more control over their private data, went into effect in May. The time is now.”.

Data 134

Data Regulation United States Compliance 134

Abrigo

JULY 13, 2023

Pig butchering scams originated in Southeast Asia and have escalated significantly in the United States. Many victims are lonely or isolated and don’t understand cryptocurrency markets. Today’s pig butchering scams usually involve investment schemes and cryptocurrency fraud. billion loss in 2022.

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Abrigo

JANUARY 17, 2024

FinCEN data shows that human trafficking in the United States takes place in a wide variety of industries—hospitality, agriculture, janitorial services, construction, restaurants, domestic work, and so on.

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PYMNTS

JUNE 29, 2020

Small- to medium-sized businesses (SMBs) have been especially hard hit, as many have pivoted quickly to enable online transactions and adhere to the regulations that often accompany them. The health crisis has brought about changes to this rule, however, and these may have long-term implications for payment standards and regulations.

How To 239

How To Payments Management social media 239

Bank Innovation

MARCH 27, 2020

In a week that saw the coronavirus pandemic amplify in the United States, the fintech sector continued to weather economic dislocation and uncertainty. But even amid this uncertainty, fintech companies began formulating strategies to help banking and consumers emerge from the crisis with better tools and solutions.

Fintech 259

Fintech United States Tools Strategy 259

PYMNTS

NOVEMBER 10, 2020

Such a move would see the United Kingdom exit the European Union and abandon the financial regulations that are in place in the region, and some FIs that have served both markets are now withdrawing to serve one or the other. customers to recipients in Asia and Europe.

Report 216

Report Fintech United States Meeting 216

PYMNTS

JULY 1, 2019

The company has been running into numerous regulatory obstacles as it moves forward with pre-compliance conversations with monetary organizations around the world. In addition, Facebook has reached out to Britain’s Financial Conduct Authority, the Bank of England, and Switzerland’s financial regulator, FINMA.

cryptocurrency 102

cryptocurrency Regulation United States New York 102

PYMNTS

JULY 5, 2018

As one can easily imagine, that ruling, and the revenue it promises, presents money-making opportunities for such firms — not only for age authentication, but also in the compliance and risk management services that can keep online gambling providers from losing money, reputation and brand value. Market Size.

United States 103

United States Compliance Risk Management Online 103

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.

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blockchain cryptocurrency Bitcoin Compliance 160

PYMNTS

SEPTEMBER 16, 2019

The requests come on top of a busy week in antitrust investigations where, as has been widely reported, a group of 50 attorneys general stood on steps of the United States Supreme Court on Monday and announced an investigation into Google’s advertising practices. GDPR Compliance Lacking. On the Continent — and Taxes in Sight.

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social media Google Taxes Arkansas 122

CFPB Monitor

APRIL 15, 2022

The credit unions allege that the change in rates – set to take effect April 30, 2022 – violates the United States Constitution’s due process and property protections and should be struck down in its entirety.

New York 147

New York United States Policies Compliance 147

PYMNTS

NOVEMBER 19, 2019

We want to thank our community and all businesses so far who have trusted Cashaa to solve their banking problems,” said Janina Lowisz, co-founder and VP of marketing, in a blog post. To make the onboarding process easier, the company also revealed that it has created a pre-compliance team. regulated partner entities.

blockchain 101

blockchain US Bitcoin United States 101

CFPB Monitor

SEPTEMBER 19, 2019

The CFPB has published a notice in the Federal Register seeking ideas on how it can use Tech Sprints to advance regulatory innovation and compliance. Small teams include participants from both the regulator and a diversity of entities to ensure the inclusion of regulatory, industry, and technology perspectives.

Innovation 60

Innovation Compliance United States Regulation 60

Insights on Business

FEBRUARY 25, 2019

In the Financial Services industry, a range of businesses including banks, insurance companies, securities trading organizations, and capital market clients are required to comply with regulations that include information governance and stringent records retention requirements.

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Meeting Industry Compliance Policies 87

PYMNTS

AUGUST 14, 2019

His worry, he said, are the areas where they have expected to see more data reporting and haven’t; as well as indications that casinos have been taking their foot off the gas pedal of late when it comes to their compliance activities. “It Mobile Gaming And Digital Currency . This includes offering sports betting through a mobile app.”.

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Compliance Las Vegas Mobile Data 163

FICO

NOVEMBER 13, 2018

Collection departments have been long accustomed to dealing with the ever-growing list of requirements from industry regulators. Creditors cannot ignore how third-party servicers treat customers, and those third parties have also come under closer scrutiny from both creditors and regulators. Industry Regulations.

Regulation 63

Regulation Management Analytics Meeting 63

PYMNTS

FEBRUARY 20, 2019

It will also help us bring more cryptocurrencies and features to more people, while helping ensure compliance with local laws and regulations.” Transparency and accuracy is essential for building trust in the market,” said BitGo CEO Mike Belshe in the press release.

Bitcoin 164

Bitcoin cryptocurrency blockchain United States 164

PYMNTS

JULY 22, 2019

Providing onboarding services in the Latin American market is both an exciting opportunity and a challenging one. And there is no shortage of interest in the region in that ability, with particular interest coming from the financial services sector, the cryptocurrency markets and in the healthcare vertical. A Diversity Of Needs.

Innovation 161

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PYMNTS

MAY 29, 2018

Companies based in the United States that contend the directive would be costly, were they to comply — costly to the tune of millions of dollars. The newswire stated the mandate in India may have a ripple effect and may push the needle toward a similar walling in of data. On the other side of the equation? That trio of U.S.

Data 101

Data United States Compliance Cards 101

PYMNTS

FEBRUARY 5, 2020

If pre-season estimates were correct, this holiday season was worth $1 trillion in the United States alone. As Afterpay enters new markets, Garg noted, there are education efforts for consumers, who may not be familiar with BNPL – or might understand the basic concept, but not in the fashion that Afterpay offers.

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Cards Millennials Regulation United States 143

PYMNTS

JUNE 26, 2019

Despite the compliance deadline being set back in 2015, many banks that offer application programming interfaces (APIs) to third-party providers and FinTech firms are still unprepared for SCA. Regulations can build trust and goodwill, though. PSD2’s impact in Europe has not gone unnoticed by regulators in other areas of the world.

California 109

California Regulation Fintech Data 109

PYMNTS

OCTOBER 10, 2019

Regulators as well as banks are searching for ways to keep launderers and other fraudsters out of online banking. A proposed change to AML laws in the United States is targeting just that, requiring firms to disclose parent companies in an attempt to weed out false shell companies. Around the Digital Banking World.

Fraud 126

Fraud Digital Banking Strategy Security 126

CFPB Monitor

OCTOBER 25, 2022

Under the settlement, Rhinebeck will pay a $950,000 civil money penalty, provide restitution to borrowers, and develop a compliance plan which includes updates to its auto policies to cap dealer markups on installment contracts purchased by the bank. According to Rhinebeck’s President and CEO Michael J.

New York 78

New York Lending Community Bank Community 78

Insights on Business

MARCH 25, 2019

As the United States increases financial pressure against Hezbollah and other sanctioned organizations, a recent conviction of a Lebanese businessman reveals the extent global terrorist networks and other criminal organizations would go through to facilitate money laundering schemes. AML and sanctions risk in every corner of the world.

Compliance 98

Compliance Taxes United States Data 98

Abrigo

AUGUST 6, 2019

The Financial Crimes Enforcement Network (FinCEN) is tasked with protecting the financial system both within the United States and internationally. At the recent NYU Law Program on Corporate Compliance and Enforcement , FinCEN Director Kenneth A. FIs must understand the industry, the markets, and the risks.

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Abrigo

APRIL 26, 2022

In 2004, the infamous Riggs Bank (Riggs) case brought political corruption to the top of compliance officers’ lists of reasons not to sleep at night. The $25 million assessment was the largest imposed by regulators at that time. BSA Rules and Regulation. BSA Rules and Regulation. BSA Rules and Regulation.

Training 195

Training Regulation System National 195

PYMNTS

AUGUST 1, 2018

Supreme Court struck down state bans on sports betting, MGM Resorts International has signed deals with the NBA and other operations that could mark the first chapter of the country’s new sports and gambling culture. First, here is a look at what MGM has done in recent days. NBA Data and Logos. Gambling Challenges.

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PYMNTS

SEPTEMBER 20, 2017

Flywire’s success has been based on a few core concentrations, said Massaro – namely pricing, with attendant analytics, which he said give indications of fair and reasonable pricing defined on a market-by-market basis in education (also healthcare). The new announcement from Europe comes after success in building its U.S.

Payments 112

Payments Study Regional United States 112

CFPB Monitor

MARCH 15, 2022

The complaint recites that prior to 2019, the Bank entered into a contractual arrangement with OppFi (Program) pursuant to which the Bank uses OppFi’s technology platform to make small-dollar loans to consumers throughout the United States (Program Loans). The DFPI is not alone in asserting a “true lender” claim.

California 78

California Innovation Utah West Virginia 78

PYMNTS

NOVEMBER 21, 2018

Far more popular — besides data mining — were less sophisticated technologies, including BRMS, which enables companies to easily define, deploy, monitor and maintain new regulations, procedures, policies, market opportunities and workflows. Large Versus Small Banks.

Data 192

Data System Technology Fraud 192

PYMNTS

JUNE 15, 2018

As of June 2017, “98 percent of the payments between the United States and China are performed in U.S. The discrepancy in standards and regulation across the BRI introduces a number of challenges, such as the absence of a unified communications framework and compliance issues,” SWIFT said. Dollars,” according to SWIFT.

blockchain 100

blockchain Case Study United States cryptocurrency 100

PYMNTS

AUGUST 1, 2019

Such experiences require payments interoperability, which can be a significant challenge due to changing technologies and regulations. Network interoperability is rare between FIs in the same market, as it allows out-of-network banks to compete for their business. What is payments interoperability? Federal Reserve created in 2015.

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Payments Cards United States System 108

PYMNTS

NOVEMBER 2, 2020

Regulation. Europe Plans To Publish Digital Services Act, Digital Markets Act Drafts. The Digital Services Act will be one of the regulations, which Vestager said will revise the eCommerce Directive and will make digital services take additional responsibility for contending with “illegal content and dangerous products.”.

Taxes 212

Taxes National Regulation Google 212

Gonzobanker

JANUARY 17, 2020

Banks are most afraid of big tech, just when these players face regulation. However, between anti-trust regulations, algorithm investigations and states focused on privacy (e.g., We are in the infant stages of integrating digital marketing and online origination. Experian recently reported.

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Customer Experience Fintech Regional Cards 127