PYMNTS

SEPTEMBER 16, 2020

The solution comes on top of the technology firm’s array of offerings to bolster the GST compliance experience for companies in the country, according to a Wednesday (Sept. The nation isn’t the first to implement an eInvoice requirement as part of more widespread initiatives to cut reduce financial crime. 16) announcement.

Taxes 163

Taxes Compliance Software Resources 163

PYMNTS

APRIL 8, 2019

Australian financial regulators are feeling pressure to ensure financial institutions treat customers properly and have turned to artificial intelligence (AI) in an attempt to improve compliance, according to a report by the Financial Times. The trend is starting to appear nationally.

Compliance 108

Compliance Regulation Industry National 108

PYMNTS

NOVEMBER 23, 2020

While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments. But a national charter would allow for a uniformity of presence and market scope.

National 215

National blockchain Montana Lending 215

Perficient

DECEMBER 22, 2023

This mitigates the risk of customer service representatives providing incorrect information and ensures compliance with regulatory disclosures, ultimately enhancing the overall customer experience while reducing costs. Contact our experts today if you are interested in learning more about up-and-coming news in financial services.

Risk Management 221

Risk Management Compliance Fraud Regulation 221

Perficient

APRIL 2, 2021

The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the. Office of the Comptroller of the Currency (OCC). Personalization of Customer Services. Credit Decisions. Cybersecurity.

Regulation 309

Regulation Industry Risk Management Analysis 309

PYMNTS

JULY 1, 2020

The Office of the Comptroller of the Currency (OCC) said in a report this week that it will examine how the coronavirus is impacting compliance by financial institutions (FIs). As noted in this space last month, Brian Brooks, acting Comptroller of the Currency, said in letters to the National League of Cities, U.S. banking system.

Compliance 166

Compliance National Fraud Operations 166

PYMNTS

OCTOBER 16, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies. Between $800 billion and $2 trillion USD is laundered each year, according to the United Nations Office on Drugs and Crime.

Compliance 123

Compliance Fraud Study Digital Banking 123

PYMNTS

JUNE 14, 2017

Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Analysts agree that a company should work with partners, advisors and technologies that can help them manage their compliance demand across borders. The first, unsurprisingly, is regulation.

Compliance 146

Compliance Marketing Taxes Groups 146

PYMNTS

SEPTEMBER 16, 2019

Despite announcements last month that the deadline for Strong Customer Authentication (SCA) compliance will be extended , the original proposed deadline approaches next week. has not implemented regulations like GDPR or SCA, but there has been a groundswell of interest, at least from the private sector. Previous efforts for the U.S.

Compliance 130

Compliance Guidelines Regulation National 130

PYMNTS

SEPTEMBER 23, 2020

A study from the Cifas National Fraud Database found that identity theft against consumers over the age of 61 rose by 22 percent in 2019, contributing to an 18 percent increase in identity theft overall. Technologies like video onboarding and AI have shown promise in facing this threat, but each is vulnerable when deployed alone.

Technology 208

Technology Report Fraud Study 208

PYMNTS

DECEMBER 7, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from governments around the world. UK Regulations to Create New Digital Markets Unit. antitrust regulators are creating a Digital Markets Unit that will be given the duty to enforce rules applicable to Big Tech firms.

Apple 143

Apple Regulation Taxes Marketing 143

PYMNTS

JULY 2, 2018

According to John Epperson, principal at Crowe LLP , that goes to show that the current approaches to regulatory and compliance technology ( RegTech ) aren’t working. There have been substantial investments in technology by financial services organizations – in particular, a spike in RegTech investments from traditional banks.

Compliance 109

Compliance Regulation Meeting Strategy 109

CFPB Monitor

JULY 27, 2020

The OCC issued a letter last week stating that “a national bank [and a federal savings association] may provide. The letter states: Consistent with OCC regulations and guidance on custody activities, the risks associated with an individual account should be addressed prior to acceptance. The letter states that the OCC.

National 113

National cryptocurrency Risk Management Regulation 113

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. The pandemic is dramatically altering how merchants can transact, which data they can store and where they can store it, however.

Regulation 175

Regulation Data Regional Examples 175

PYMNTS

OCTOBER 5, 2020

Here’s the latest news from Google and the technology industry, which is coming under increasing scrutiny from regulatory watchdogs, trade organizations and politicians globally. Regulation. Data Activist: Big Tech Not Following Transatlantic Data Transfer Regulations. antitrust regulation. Last week, a U.S.

Data 229

Data Google Compliance Apple 229

PYMNTS

DECEMBER 13, 2018

Recently, though, many CUs have turned to technology-driven solutions to help members more efficiently communicate their needs and feedback. CUs are also actively communicating with law enforcement agencies, keeping regulators informed about suspicious activity, while receiving tips on noticeable trends that these same agencies are eyeing.

Regulation 135

Regulation South Dakota ATM New York City 135

Perficient

AUGUST 16, 2023

Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. Mr. Shan Hanes, who served as the bank’s President and CEO until its closure, joined the firm in 1993 as an agricultural loan officer and Informational Technology Officer. He was promoted to President and CEO in 2008.

United States 221

United States Kansas FDIC Risk Management 221

PYMNTS

MARCH 8, 2018

and group compliance director, explained to PYMNTS how online tools can make remote identity verification even more robust than in-person processes — and also help kick cross-border payments into higher gear. Having those compliance checks in place is crucial for a cross-border operation. Staying Compliant in Different Countries.

Compliance 101

Compliance Regulation Online Payments 101

CFPB Monitor

APRIL 25, 2022

As we will discuss, the timing of the Consent Order indicates that even when regulators permit crypto activities by financial institutions, they remain cautious, particularly as to BSA/AML compliance. In January 2021, the OCC granted Anchorage conditional approval for a national trust bank charter.

Compliance 78

Compliance Digital Banking Training South Dakota 78

Abrigo

JANUARY 30, 2024

REGISTER Takeaway 1 Banking and compliance professionals rely on ThinkBIG to elevate their understanding of industry shifts and regulatory pressures. Banking and compliance professionals rely on the annual conference to elevate their understanding of industry shifts and regulatory pressures that hammer them daily.

Conference 195

Conference Arizona Phoenix Fraud 195

PYMNTS

OCTOBER 19, 2020

Banks are typically required to establish direct links with financial institutions (FIs) in other nations to make or receive cross-border payments. New cloud-based technologies have shown much promise in securing cross-border payments and making them faster and more transparent.

Technology 193

Technology Payments Security Survey 193

PYMNTS

OCTOBER 19, 2020

Here’s the latest news from Amazon and the technology industry, which is coming under increasing scrutiny from regulatory watchdogs, trade organizations and politicians globally. Regulation. The new regulations would also reshape the manner in which these companies collect and harness information. a London news outlet, reported.

Taxes 143

Taxes Compliance Regulation Google 143

PYMNTS

FEBRUARY 17, 2020

increased regulation over content delivered online through platforms may be on the horizon. This past week, Britain’s federal government said its media regulator, known as Ofcom, would be given new oversight to monitor and regulate material posted on the web by companies such as Facebook, Google and Twitter. In the U.K.,

Regulation 140

Regulation Google Operations Company 140

Insights on Business

JULY 11, 2018

Technological innovation is a reality that is impacting every facet of society. Technological innovation is a reality that is impacting every facet of society. No area of human endeavour from retail, to transportation, to banking has not seen some form of disruptive technology replace the long-established modus operandi.

Technology 185

Technology Innovation Operations Compliance 185

Abrigo

DECEMBER 17, 2021

Takeaway 1 Strengthen your financial institution's culture of compliance through a staffing assessment. What better w ay to strengthen your financial institutions ' culture of compliance and build your use case for your senior management than through a comprehensive staffing assessment? Now is the time to be prepared. .

Compliance 195

Compliance Training Fraud Resources 195

PYMNTS

JANUARY 25, 2021

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. . A representative for the eCommerce retailer told Reuters that the company calls for an international approach in lieu of taxes levied by different nations. 21, according to the report. .

Taxes 141

Taxes Google Compliance Apple 141

American Banker

JULY 6, 2023

Long, founder and CEO of Custodia Bank, has pushed for digital-asset regulation in her home state of Wyoming. Now she's working on a national scale.

Wyoming 56

Wyoming Regulation National cryptocurrency 56

PYMNTS

JANUARY 31, 2019

the Federal Reserve’s Faster Payments Task Force published a report last April urging the nation to review the current regulatory landscape. But information about a transaction can often start out limited, degrading as funds move in the cross-border journey, said Delingpole, making KYC and AML compliance all the more difficult.

Fraud 182

Fraud Payments Compliance Regulation 182

PYMNTS

SEPTEMBER 20, 2020

If the European Union (EU) gets its way, the 27-nation bloc will have the power to split or force the sale of giant technology companies that threaten smaller rivals and their customers. Breton said regulators in Brussels are preparing a list of activities that tech companies would be required to eliminate.

Compliance 175

Compliance Regulation System Taxes 175

PYMNTS

MAY 22, 2017

That depends, says counterterrorism and cybersecurity expert Richard Clarke, on what companies, banks and regulators are willing to learn from the incident. s National Health Service. s National Health Service. After the latest worldwide cyberattack, the question remains: What’s going to change?

Regulation 116

Regulation National Online System 116

PYMNTS

MARCH 18, 2019

As such, the regulators and FIs seeking to crack down on these activities have their work cut out for them. . Approximately 2 percent to 5 percent of the world’s gross domestic product (GDP) – $800 billion to $2 trillion – is laundered each year, according to a report from the United Nations Office on Drugs and Crime (UNODC).

Compliance 181

Compliance Regulation Chicago Tools 181

Bank Innovation

AUGUST 18, 2016

Apple and three of Australia’s Big Four banks are fighting about mobile payments — and both sides are appealing to regulators for help. National Australia Bank, Commonwealth Bank of Australia and Westpac have united to fight the Cupertino, Calif.-based based giant — which is bigger than all of them combined.

Apple 150

Apple Regulation National Mobile 150

FICO

MARCH 7, 2023

Home Blog FICO Responsible AI: Are European Firms Ready for the Regulators? There are significant changes coming in Europe, which highlight getting a handle on responsible AI use, with the banking and financial services sector among those that will be most impacted by increasing regulation.

Regulation 52

Regulation America Compliance Fraud 52

PYMNTS

FEBRUARY 7, 2020

The National Payments Corporation of India (NPCI) provided the firm with permission to put WhatsApp Pay into operation in a phased manner, The Business Standard reported. . Increased adoption of mobile technology has set the stage for digital payment adoption, as has India’s broadly publicized demonetization efforts.

Mobile 267

Mobile Compliance Payments National 267

PYMNTS

JANUARY 2, 2020

The finance ministry in India passed a new regulation saying that companies with sales of more than ?50 The new regulation went into effect on Jan. RuPay is a payment network offered by National Payments Corp. The fine for non-compliance is going to be ?5,000

Cards 130

Cards blockchain Cyber Security Retail 130

PYMNTS

OCTOBER 23, 2020

Eynat Guez , co-founder and CEO of cross-border payroll technology company Papaya Global , told PYMNTS about the biggest hurdles in international payroll as working from home persists and employment regulations grow more complex. Payroll is a complex workflow that combines both the movement of money with regulatory compliance needs.

Compliance 143

Compliance Strategy Regulation Taxes 143

Abrigo

NOVEMBER 17, 2023

In assessing the true cost of fraud, Gartner, the respected technological research and consulting firm, has coined three distinct pillars of fraud costs. The race against fraudsters involves a continuous outlay of cutting-edge technologies designed to safeguard against intrusion and theft. financial s ystem.

Fraud 195

Fraud Training Trends Compliance 195