PYMNTS

JULY 3, 2018

As startups such as DadeSystems , FitPay and Jewel Paymentech expand across devices and functions, Tipalti , AvidXchange and Emailage announce new growth for their local, national and global footprints. The Sydney office currently serves as the base of operations for the APAC region. Chargehound. AvidXchange.

National 101

National Charlotte Regional Operations 101

American Banker

JUNE 30, 2023

The reverse is true for four of the nation's largest banks. Following regulatory stress tests, three midsize institutions expect to be required to maintain larger stress capital buffers.

Capital 41

Capital Regional National Compliance 41

PYMNTS

JULY 22, 2019

“If a firm needs to digitally onboard someone and verify them, we can help that company do that fairly seamlessly,” Samer Atassi, regional director, Latin America and Caribbean for Jumio, told PYMNTS in a recent conversation. Part of that, he added, is across-the-board high standards when it comes to compliance and verification.

Innovation 161

Innovation Payments Regional America 161

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

PYMNTS

JULY 16, 2019

One of the challenges regional and community banks and credit unions face is the complexity of physical data integration in their data centers,” said Prasanna Narayan, head of product at Ondot. A key concern we hear about from customers is security and compliance,” Narayan said.

Innovation 128

Innovation Compliance User Experience Cards 128

PYMNTS

DECEMBER 9, 2019

Although the number of adults with bank accounts has been steadily rising and is up 7 points since 2012, African countries – especially in the sub-Saharan and West African regions – are trailing the rest of the world. The worldwide average is 69 percent, and in Ghana it is 62 percent. Nigeria is even lower at 44 percent.

Regional 131

Regional Compliance National System 131

FICO

JULY 23, 2020

Europe and the USA are the two regions of the world hardest hit by financial crime compliance costs. With the projected total cost of financial crime compliance across the global finance sector estimated to be $180.9

Compliance 52

Compliance Regional Analytics Software 52

Abrigo

AUGUST 22, 2019

Ongoing training is at the very heart of a satisfactory Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program in financial institutions. One option that makes it easy for BSA officers to complete required training is to attend regional meetings. Cost for these regional meetings is $100, and dates and locations are: Sept.

Training 150

Training Las Vegas Alabama Minneapolis 150

PYMNTS

FEBRUARY 25, 2020

China is looking to keep up with consumers, financial institutions (FIs) and merchants that send funds and information through online channels, and several of the country’s related regulations resemble those from regions where such transactions are now commonplace. Confronting Chinese Compliance . and the U.S.

Regulation 140

Regulation Compliance Online Data 140

Jeff For Banks

NOVEMBER 24, 2019

The bank, First National Bank of Keystone, was $1.1 Another depressed town due to the general economic malaise that bedraggled the region when the steelmaking industry moved elsewhere. And so went the birth of First National Bank of Keystone's meteoric rise. Clearly, blue-suit regulators stood out. I'm not making this up.

National 78

National West Virginia Virginia Pennsylvania 78

PYMNTS

FEBRUARY 4, 2019

Some of the highest activity has been reported in Europe, with a recent report finding that 90 percent of the region’s banks have been sanctioned for money laundering in the past decade. The United Nations Office on Drugs and Crime (UNODC) estimates the market for global money laundering is worth approximately $2 trillion per year.

How To 161

How To Regulation Compliance Meeting 161

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

PYMNTS

AUGUST 16, 2019

Although ShareChat is available in 15 regional languages, there are no plans to support English, Ankush Sachdeva, co-founder and CEO of the firm, told the reporting news outlet. Hindi, a regional language, is spoken by about half a billion people, the article said. For some reason, everyone wanted to converse in English.

social media 108

social media Capital Regional Google 108

PYMNTS

FEBRUARY 21, 2018

“We allege that BitFunder operated unlawfully as an unregistered securities exchange,” Marc Berger, director of the SEC’s New York regional office, said in the release. We will continue to focus on these types of platforms to protect investors and ensure compliance with the securities laws.”.

Fraud 102

Fraud Bitcoin New York Regional 102

PYMNTS

SEPTEMBER 11, 2019

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. Different regions have their own unique payment rails, and no two abide by the same regulatory framework. So, what’s the problem?

Payments 190

Payments Regional Operations Guidelines 190

PYMNTS

NOVEMBER 10, 2020

The central bank and several other commercial banks collaborated on a cross-border bank account offering that Pakistanis overseas can use to store rupees and foreign currencies as well as to pay bills and make other transactions in the nation. customers to recipients in Asia and Europe.

Report 216

Report Fintech United States Meeting 216

PYMNTS

SEPTEMBER 30, 2020

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. 1 to adjust their standards in compliance. This shift has been pushed further into the spotlight due to the ongoing pandemic.

Regulation 175

Regulation Data Regional Examples 175

PYMNTS

MARCH 16, 2017

An announcement Wednesday (March 15) said Tungsten’s entrance into the country makes it India’s first to provide compliance eInvoicing; the company’s users can now send and receive invoices across India and generate legal invoices for goods across eight states.

Taxes 100

Taxes Compliance Fraud Regional 100

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

MARCH 25, 2019

Consider the fact that, as noted in the most recent AML/KYC Tracker produced as a collaboration between PYMNTS and Trulioo , money laundering is estimated by the United Nations Office on Drugs and Crime to be an $800 million to $2 trillion-per-year problem, equivalent to 2 percent to 5 percent of the global GDP. A Tech and Mindset Shift.

cryptocurrency 196

cryptocurrency Compliance Fraud System 196

PYMNTS

AUGUST 6, 2019

Latin America is often considered to be the world leader in electronic invoicing thanks to government mandates, but the Asia Pacific region is quickly gaining steam in its eInvoicing efforts, too. on the benefits of an eInvoicing mandate, noting that it would address the nation’s current tax challenges.

Regional 108

Regional Taxes System Guidelines 108

PYMNTS

MARCH 25, 2019

The Netherlands, for instance, only recently implemented it because it needed to make sure that consumers’ personal data will remain protected, as payments in the region are mostly digital. To foster trust and grow customer awareness, DNB has launched a national media campaign. PSD2 compliance, licensing and consumer protection.

Regional 108

Regional Regulation Data Payments 108

PYMNTS

JULY 21, 2020

The European Union’s financial authorities are monitoring how the pandemic may be affecting banks’ and FinTechs’ compliance with rules such as the General Data Protection Regulation (GDPR) and the revised Payment Services Directive (PSD2), for example.

Mobile 229

Mobile Report America Regulation 229

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. Many community banks have an inherent strategic advantage in bringing a new product to market faster than a national bank, yet they squander their position.

Community Bank 195

Community Bank Capital Training Lending 195

PYMNTS

SEPTEMBER 5, 2017

Perhaps more concerning is the fact that researchers found the cost of compliance continues to rise, with more than two-thirds of the professionals surveyed reporting that compliance has become more expensive in the last year alone. The director said that cost of compliance was the most surprising finding from the report.

Compliance 118

Compliance Survey Training Regulation 118

PYMNTS

FEBRUARY 24, 2020

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. He described how government regulators recently chastised Alibaba for compliance troubles with its credit scoring feature, Sesame Credit. “In

Regulation 160

Regulation Policies Data Compliance 160

Abrigo

SEPTEMBER 10, 2021

The role of BSA staff was typical compliance and very task-oriented. October 26 is now nationally recognized as BSA/AML Day.) The Financial Action Task Force (FATF) has a complete resource page devoted to combatting terrorist financing and is an excellent resource to share with BSA, compliance, and FinCrime teams. soil. .

Training 195

Training Risk Management Pennsylvania Resources 195

American Banker

MARCH 3, 2016

Oversight of the four largest mortgage servicers' compliance with the national mortgage settlement is officially over, the watchdog overseeing the process said Thursday.

National 28

National Compliance Regional Regulation 28

PYMNTS

SEPTEMBER 7, 2018

In addition, the official noted that the region has “seen cases recently where AML issues have compromised the functioning and even the viability of some banks, so it is very important here to move forward.”. Monitoring money-laundering, however, is usually handled at the national level.

Regional 109

Regional Compliance Regulation Meeting 109

Independent Banker

SEPTEMBER 30, 2021

Not keeping up with a core vendor’s releases can also be costly to a community bank if it doesn’t leverage them, as releases often provide critical and important regulatory, compliance and feature function updates, says Maria Schuld, division executive, Americas Banking Solutions at FIS, which is headquartered in Jacksonville, Fla.

Community Bank 91

Community Bank Community Milwaukee Jacksonville 91

PYMNTS

OCTOBER 16, 2018

Research recently published by AsiaInspection (AI) found that businesses in the region have begun to diversify their supply chains, largely as a result of redrawn trade lines and disputes. However, the survey found only 36 percent of Chinese companies said they have felt affected by the nation’s trade dispute with the U.S.

Compliance 164

Compliance Survey United States Report 164

Abrigo

JULY 15, 2015

The transition from compliance to consulting makes sense: tax season is just that, a “season,” and nearly 60 percent of respondents to a Sageworks survey indicated they saw an increase in total revenue by adding financial services to their accounting practice.

Management 150

Management Resources Capital Taxes 150

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. The national rate is currently calculated as a simple average of rates paid by all depository institutions and branches that offer and publish rates for specific products.

FDIC 78

FDIC Capital National Regulation 78

PYMNTS

OCTOBER 28, 2019

In an interview with PYMNTS , National Retail Federation Vice President of Government Relations and Tax Counsel Rachelle Bernstein said compliance hasn’t been a huge change for very large retailers, especially since they had already been collecting in most states prior to the Wayfair ruling and already have tax compliance software.

Taxes 102

Taxes Online San Jose South Carolina 102

Abrigo

DECEMBER 13, 2019

Informal actions are generally appropriate for institutions that receive a composite rating of “3” for safety and soundness or consumer compliance. Memoranda of Understanding (MOU) – an informal agreement between an institution and the FDIC, which is signed by both parties (usually designated individual(s) in the Regional Office of the FDIC).

FDIC 195

FDIC Regulation Capital Lending 195

FICO

DECEMBER 2, 2020

In December of last year, the Malaysian National Bank, Bank Negara, issued a consultation document about their intention to allow eKYC in the applications process for a wide range of financial products. Met Central Bank compliance requirements to reduce fraud. eKYC Malaysia – digital transformation success. How FICO helps.

Survey 72

Survey Regional Compliance Fraud 72

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. Community banks, regional players, and credit unions are all in the fight of their lifetime with the need to transform their business. Mandate #3: Build a next-gen I.T.

Technology 145

Technology Regional Community Bank Community 145