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.

Payments 190

Payments Regional Operations Guidelines 190

PYMNTS

FEBRUARY 4, 2019

Failure to meet AML/KYC requirement challenges can be costly for FIs, too, with regulators issuing heavy fines for lax security practices or failure to devote sufficient resources to oversight. 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

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

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

FICO

JULY 31, 2019

These steps can help businesses in the US and other countries not only meet regulatory compliance requirements but ensure they understand and can manage the risk of their vendor and partner networks. regions, cloud)? Would there be compliance exposure in the event of a breach at the supplier? Where does the vendor operate (e.g.,

Cyber Security 70

Cyber Security Management Security Risk Management 70

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

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.) Regulatory scrutiny became ever-present, knowing that the security of their homeland was at stake. soil. .

Training 195

Training Risk Management Pennsylvania Resources 195

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

JUNE 19, 2018

Granted, “wait and see” was probably not the most highly recommended strategies going into the GDPR world, given how the European Union (EU) regulation essentially applies to every company making money in digital, not just those firms based in the EU’s 28 member nations. We always wanted security to have a seat at the table.”.

Regulation 101

Regulation eBook social media Case Study 101

PYMNTS

APRIL 30, 2018

similar regulations are already being put to the test in other regions around the world. Each EU member nation has a DPA in place to both monitor compliance and respond to potential violation complaints. The penalty for non-compliance is expected to be severe once the GDPR takes effect. Assessing Risk for SMBs.

Data 119

Data Compliance social media Regulation 119

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. Improved approval time from days to minutes, providing easy-to-use and integrated security across the customer lifecycle.

Survey 72

Survey Regional Compliance Fraud 72

PYMNTS

SEPTEMBER 24, 2019

As Cohen told Webster, conflicts arise in meeting the basic requirements of governance and compliance when it comes to payments, bank accounts and, especially, money transferred across borders. Identities, in turn, must be secured, verified and reusable. Complications arise when financial activity is so far-flung, he added.

Innovation 182

Innovation Fraud Technology Security 182

PYMNTS

JUNE 7, 2018

Security Boulevard reported this week (June 6) that in the wake of the new digital security rule taking effect, criminals were quick to use it to their advantage. A phishing scam purporting to come from Apple is the most popular that we’ve seen,” Security Boulevard said. “It That’s the same trend benefiting Google. “It

Los Angeles 107

Los Angeles Google Regulation Data 107

PYMNTS

JANUARY 6, 2020

The nation has watched many European countries go through this process over the past year, so impacts on its financial ecosystem are at least expected if firms have not yet experienced them. Preparedness helps with confident compliance . Turkish institutions.

Regulation 131

Regulation Industry Data Regional 131

PYMNTS

SEPTEMBER 22, 2017

This week, the company secured $477,000 from venture capitalists at KK Fund, based in Singapore. The company secured the investment from FOMIN, Velum Ventures, XTP1, Grupo Generaciones and Dutch Good Growth Fund, along with private investors from Colombia and Europe. million , a show of support for its small business funding platform.

Capital 152

Capital America Lending Industry 152

PYMNTS

MARCH 12, 2018

Securities and Exchange Commission issued scores – the tallies varied depending on where you got the news, but The Wall Street Journal estimated “dozens” – of requests for information and subpoenas from companies who have dipped, or are dipping, corporate toes in the initial coin offerings pool. A velvet hammer? A helping hand?

Regulation 117

Regulation Security Course blockchain 117

FICO

NOVEMBER 23, 2021

Armando Junior, general manager, risk and compliance at Dock (previous winner) . Dinesh Suresh, head, digital builds for consumer secured lending at OCBC Bank (previous winner). Dinesh holds a Bachelor of Mechanical Engineering from the National University of Singapore. by Nikhil Behl.

Meeting 52

Meeting Analytics Risk Management Management 52

PYMNTS

MARCH 29, 2016

Apple Pay’s competition in China just got a bit steeper, as Samsung has officially rolled out Samsung Pay in the region. “China UnionPay attaches great importance to the security and innovation of payment. WSJ noted that the Huawei Pay system will rely on fingerprint scanning for security.

Samsung 100

Samsung Apple Mobile Cards 100

American Banker

AUGUST 31, 2016

Swift is warning its member banks to quickly upgrade their software and security protocols for the global financial messaging system following a wave of new, recent hacks triggering more bank losses.

Compliance 44

Compliance Software System Security 44

American Banker

JUNE 3, 2016

Comments by JPMorgan Chase's Jamie Dimon have added fuel to the long-discussed idea of a national database that would make it easier for banks to vet customers for anti-money-laundering and other risks.

National 28

National Cards Cyber Security System 28

American Banker

JUNE 3, 2016

Comments by JPMorgan Chase's Jamie Dimon have added fuel to the long-discussed idea of a national database that would make it easier for banks to vet customers for anti-money-laundering and other risks.

National 28

National Cards Cyber Security System 28

PYMNTS

NOVEMBER 1, 2017

DraftKings ’ chief international officer, Jeffrey Haas, recently spoke with PYMNTS about the challenges involved in introducing fantasy sports to new markets, and which sports generate the most interest in different global regions. With this international growth, Haas has noticed distinct regional fantasy sport preferences. “In

Payments 102

Payments Regional America Marketing 102

PYMNTS

AUGUST 10, 2017

From user interface technology to security and risk management, the only constant in the financial space is that nothing stays the same for long. For example, we were the first in the Middle East region in 2006 to close the loop by sending back a text alert to the remitter that the beneficiary had collected the money.

How To 136

How To Risk Management Technology US 136

PYMNTS

JUNE 14, 2018

According to the United Nations Educational, Scientific and Cultural Organization (UNESCO), over 800,000 Chinese students pursued education abroad in 2016 – and that number is forecasted to rise. Chinese nationals took an estimated 500,000 outbound medical trips in 2016, a fivefold increase from the previous year.

Payments 108

Payments Cards National Marketing 108

NCR

AUGUST 18, 2017

Blockchain, or distributed ledger technology as it is sometimes called, is a database that is distributed across a network and cryptographically secured, such that records become immutable. Adopting blockchain technology in this area could not only reduce costs, but enhance security and efficiency. The hurdles to be overcome.

blockchain 75

blockchain Technology cryptocurrency Study 75

Jeff For Banks

JUNE 24, 2010

As I understand it, government officials (excluding regulators) want banks to lend, banks have the cash to lend, bankers are hesitant to lend, and regulators would just as soon have you hire another compliance officer and purchase a U.S. Much of the standoff revolves around real estate secured lending. Are these more reliable?

Lending 66

Lending FDIC Regulation Regional 66

Banking 2020

AUGUST 13, 2015

There’s a raft of compliance mandates to consider, along with rising challenges from a variety of threat matrices. Researchers from the University of Florida are reporting that mobile money systems in nations such as Brazil, India, Indonesia and Thailand exhibit alarming levels of vulnerabilities in the technologies used.

Mobile 40

Mobile Study Florida Innovation 40

PYMNTS

DECEMBER 10, 2019

But when transactions occur across borders, new friction points emerge, particularly around the areas of interoperability, transparency and compliance. However, not all challenges rank equally depending on the region or country.”. One is national infrastructure. In the U.S., The Interoperability Challenge — And Opportunity.

Payments 131

Payments Compliance National Fintech 131

FICO

FEBRUARY 9, 2023

There are calls for these organisations to come together in a coordinated approach to tackle what is now considered a national security threat. Unintended Consequences of PSR Regulation of APP Scams? In every economic downturn, first-party fraud tends to see a surge.

Fraud 52

Fraud social media Examples Regulation 52

FluentBanking

APRIL 18, 2020

The Admit Cards of the candidates of Dhaka city will be sent by the Institute to the Local Office/Zonal Office/Regional Office/Administration Department of the Head Office of their respective bank/financial institution. each case, for standing second in the examination by securing at least 55% marks in the aggregate.

Regulation 52

Regulation Case Study Security Management 52

PYMNTS

JANUARY 1, 2021

In other news, Miami Mayor Francis Suarez, a nonstop social media cheerleader for the notion of building a high-tech ecosystem in South Florida, publicly embraced exploring using cryptocurrency to store some government financial reserves and blockchain to secure processes such as online voting.

Miami 201

Miami Bitcoin cryptocurrency Florida 201

PYMNTS

DECEMBER 14, 2020

We stand by our record of providing upfront information and clear controls, strong internal data governance, secure infrastructure, and above all, helpful products.”. “People who use Google expect us to respect their privacy, whether they have a Google account or not,” a representative for Google said, per the report. “We

Google 132

Google social media Compliance Regulation 132

American Banker

MARCH 1, 2016

The mortgage servicer said it has received letters from the Securities and Exchange Commission regarding separate probes into its collection practices and fees.

Security 28

Security Regional National Compliance 28

American Banker

MARCH 1, 2016

The mortgage servicer said it has received letters from the Securities and Exchange Commission regarding separate probes into its collection practices and fees.

Security 28

Security Regional National Compliance 28

PYMNTS

AUGUST 5, 2019

Additionally, the compliance costs associated with processing payments have increased over time as requirements become ever more complex. Security is important, though, as the tally of major publicly reported cyberattacks rose 165 percent between 2013 and 2017.

Payments 115

Payments Compliance Operations System 115

CB Insights

MAY 8, 2018

The vehicle includes an integrated landing system, which allows the drone to securely land atop the vehicle while in motion. While recreational drones are strictly prohibited in active forest fire regions, they have proved useful when operated by the appropriate teams. Conservation.

Exercises 78

Exercises Data Technology Industry 78

Jeff For Banks

MARCH 29, 2014

It is annual report season, meaning publicly traded financial institutions are finalizing their 2013 numbers and submitting their 10k''s to the Securities and Exchange Commission (SEC). We are primarily a secured lender, with our greatest concentration of loans in Texas. In preparation for meetings, I frequently read 10k''s.

Strategy 101

Strategy Texas San Antonio Fort Worth 101