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New Report: Banking-As-A-Service Takes Friction Out Of Remittances

PYMNTS

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
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LATAM’s Payments Innovation Renaissance

PYMNTS

“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. Opportunity, he noted, abounds. A Diversity Of Needs.

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Remembering 9/11 – A Pivotal Day for BSA/AML Professionals

Abrigo

Takeaway 2 The USA PATRIOT Act was the first legislation that criminalized terrorist financing in the United States. The role of BSA staff was typical compliance and very task-oriented. October 26 is now nationally recognized as BSA/AML Day.) Never Forget. The day that changed the world. soil. .

Training 195
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Trade Disputes Create Supply Chain Risks — And Opportunity

PYMNTS

“When importing into the United States, a series of customs laws make it illegal to import goods using a falsely labeled country of origin, sometimes equating the practice with smuggling,” the publication said. Separate reports in CFO.com also emphasized the legal risks linked to transshipments. “In some cases, U.S.

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It’s Dreadful Being a Buyer of Bank Technology

Gonzobanker

For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. unemployment rate in the United States is nothing compared to the striking 1.3% We are just scratching the surface with internal talent in some of the most critical areas of expertise.

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In Iran, Banks Tread Cautiously … If At All

PYMNTS

The nuclear deal that is in place between Iran and a number of other nations does not have the teeth it might otherwise have to help – and key to that stymied effort is the fact that Iran remains largely isolated from interacting with the global financial system. officials with direct insight into Iran’s economic landscape.

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Flywire And UnionPay Expand Cross-Border Payments Partnership

PYMNTS

The market for Chinese consumers in search of education and medical care in the United States and around the world is large – and growing. 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.

Payments 108