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

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

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. Check out the Tracker® to read more. About The Tracker.

Report 216

Report Fintech United States Meeting 216

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.”. In a parallel criminal case, the U.S.

Fraud 102

Fraud Bitcoin New York Regional 102

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. How to Change.

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. Progress has been made in modernizing information technology services for taxpayers,” he stated. However, further reforms are needed.

Regional 108

Regional Taxes System Guidelines 108

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

Independent Banker

JANUARY 31, 2022

This region has the kind of energy that draws people to a place and helps them and their businesses thrive. The state is growing an impressive technology roster, for example. That year, installations further south, in the region that includes Brownsville and Corpus Christi, supported an estimated 41,000 jobs and contributed about $4.6

Texas 182

Texas San Antonio Community Bank Community 182

PYMNTS

FEBRUARY 24, 2020

billion-strong, high-spending consumers and their willingness to adapt to new technologies, trends and products may represent the economy of the future for many banks and businesses, but it is notoriously difficult for firms to enter and compete in this market. Confronting the Chinese Privacy Myth . he remarked.

Regulation 160

Regulation Policies Data Compliance 160

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

SEPTEMBER 6, 2019

landed on the board, too, as alternative lending, small business banking, back-office financial management and accounts receivable technology enticed backers. Investors include the nation’s largest B2B eCommerce platform IndiaMart, while India Quotient and Axilor also participated. Aspire Financial Technologies.

Fintech 155

Fintech Capital Lending Operations 155

South State Correspondent

JANUARY 4, 2023

In addition to these technology-oriented improvements, there are also a variety of process improvements that many banks can make that are cost-free. 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.

Community Bank 195

Community Bank Capital Lending Training 195

PYMNTS

SEPTEMBER 24, 2019

The bumpy road cryptos face under scrutiny from regulators (we’re looking at you, Libra ) was a springboard into a larger discussion between Zac Cohen, general manager at Trulioo , and Karen Webster on the challenges FIs and others face when deploying new technologies. It’s difficult to guard against experts in fraud.”.

Innovation 182

Innovation Fraud Technology Security 182

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

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. Loans for small businesses are another avenue that you can advise clients to use.

Management 150

Management Resources Capital Taxes 150

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

American Banker

JUNE 22, 2016

Mortgage servicers have failed to make significant investments in technology and compliance systems, resulting in substantial harm to consumers, according to a report issued Wednesday by the Consumer Financial Protection Bureau.

Technology 40

Technology Compliance System Report 40

Abrigo

JULY 22, 2022

As large banks invest in blockchain companies and some lenders begin offering cryptocurrency rewards credit cards, more traditional institutions will join in integrating blockchain technology into their offerings, and more regulations will be clarified to protect them. Know your customer: Tips for front-line staff to support CDD compliance.

cryptocurrency 195

cryptocurrency FDIC Regulation Fraud 195

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

Gonzobanker

DECEMBER 17, 2021

From nowhere, sizable regional players are being created. Some interesting finalists would be: M&T and People’s United Old National and First Midwest Webster and Sterling Columbia Bank and Umpqua. Performance and multiples continue to be solid, outperforming most regional banks. Bank Merger of the Year.

Fintech 142

Fintech Strategy Leadership Lending 142

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. However, every group has its slowpokes and cautious movers.

Regulation 101

Regulation eBook social media Case Study 101

PYMNTS

SEPTEMBER 22, 2017

According to CapitalBay CEO and Co-Founder Ang Xing Xian, despite increasing interest in providing trade finance solutions to SMBs in the nation, there still exists a gap in available credit, with SMB suppliers forced to wait 50 percent longer to see their invoices paid compared to three years ago. Honorable Mentions. Blue Lotus Capital.

Capital 152

Capital America Lending Industry 152

FICO

NOVEMBER 23, 2021

FICO has announced its panel of independent judges for the 2022 FICO® Decisions Awards , which honor businesses achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. Armando Junior, general manager, risk and compliance at Dock (previous winner) .

Meeting 52

Meeting Analytics Risk Management Management 52

PYMNTS

JANUARY 6, 2020

Turkey announced it would be fully complying with PSD2 in mid-November, and many of the changes to its financial and technology industries will be routine — at least for the financial institutions (FIs) and businesses in markets that have already experienced these shifts. Preparedness helps with confident compliance .

Regulation 131

Regulation Industry Data Regional 131

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. Apart from significant investments in marketing, there are two critical components for the long haul: technology and working capital. Slow and steady doesn’t win the financial services race.

How To 136

How To Risk Management Technology US 136

American Banker

OCTOBER 19, 2020

Gary Cohn, former head of the Trump administration’s National Economic Council and onetime top executive at Goldman Sachs, says technological changes will continue to make it harder for smaller financial institutions to compete and force many to be sold.

Community Bank 81

Community Bank Community National Technology 81

FICO

MARCH 7, 2023

Organisations have a responsibility to foster trust in the technology they use to make decisions. The EU AI act warns of financial consequences of non-compliance could be as high as €30 million (US$33m), or 6% of global revenue – far more severe than those incurred by non-compliance of GDPR.

Regulation 52

Regulation America Compliance Fraud 52

PYMNTS

APRIL 30, 2018

similar regulations are already being put to the test in other regions around the world. The guidelines were equally prompted by rapid social media growth, globalization and technology penetration, all of which have made it easier for personal information to be accessed or exchanged. While such a move might be unprecedented in the U.S.,

Data 119

Data Compliance social media Regulation 119

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

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. “Our continued commitment to leading payments technology across the globe allows us to offer another form of mobile payment acceptance to the broadest set of merchants.”

Samsung 100

Samsung Apple Mobile Cards 100

Gonzobanker

DECEMBER 19, 2022

SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Benson Porter, Boeing Employees CreditUnion – Porter led BECU through an amazing streak of growth in the Pacific Northwest, all while building an innovative, stakeholder-driven brand respected nationally. The Smarter Bank Technology Award.

Community 216

Community Fintech Industry Innovation 216

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

FICO

DECEMBER 20, 2018

I’ll leave the speculation on the headline-grabbing technologies — your blockchains and your dancing robots — to others. Indeed, we are already starting to see signs of distress among community and regional banks that lack the advertising budgets and sophisticated digital capabilities of the big national banks.

Trends 73

Trends Lending Fraud Exercises 73

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

Over the past year or so, major banks across the world have begun investigating what blockchain technology can offer to their business, with many use cases now being piloted. It started out as the rails for cryptocurrencies like Bitcoin, but has evolved as a technology that can transform many legacy business paradigms in the banking sector.

blockchain 75

blockchain Technology cryptocurrency Study 75

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