PYMNTS

FEBRUARY 22, 2019

Office of the Comptroller of the Currency (OCC), over deficiencies that the OCC identified in the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program. The OCC identified the deficiencies in the bank’s branches in New York, Los Angeles and Chicago. On Wednesday (Feb.

Compliance 108

Compliance Los Angeles New York blockchain 108

American Banker

MARCH 7, 2024

The New York bank has deployed generative artificial intelligence from Greenlite to help analysts do enhanced due diligence on clients with higher risk ratings.

Compliance 74

Compliance New York Technology 74

American Banker

JUNE 27, 2023

New York is seeking to procure a supercomputer to run artificial intelligence systems and gain a deeper understanding of the technology for more effective regulation.

New York 36

New York Regulation System Technology 36

The Paypers

JULY 12, 2021

US-based private equity firm K1 Investment Management has made a USD 120 million investment in New York-based Compliance Science , a fintech in the regulatory technology space.

Compliance 41

Compliance New York Fintech US 41

BankInovation

NOVEMBER 12, 2021

It was a diverse week for fintech funding, with hundreds of millions of dollars pouring into identity verification and buy now pay later (BNPL) technology companies and substantial investment in an automated compliance platform. million […].

New York 98

New York Compliance Fintech Security 98

Perficient

MAY 27, 2022

As the center of the American financial landscape, it is probably not surprising that New York was the first state to implement regulations specifically designed to cover cryptocurrency activity. For instance, Coinbase can only offer about half the coins available on its platform to New York customers. State Regulations.

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

PYMNTS

NOVEMBER 10, 2020

Atlanta payments encryption firm Bluefin is partnering with New York mobile payments processor PAAY to advance eCommerce security. New York-headquartered PAAY, a consumer authentication innovator co-founded in 2011 by James Ruffer and Yitz Mendlowitz, has a new security solution that aims to obliterate hacking and fraud threats.

Security 233

Security New York Atlanta Fraud 233

FICO

JANUARY 8, 2020

At long last, fraud and compliance infrastructures are starting to converge. In the US, the use of artificial intelligence and machine learning in compliance is set to expand dramatically, per directives from the Financial Crimes Enforcement Network (FinCEN). Fraud and Compliance Infrastructures Converge. Let’s dive in.

Compliance 52

Compliance Fraud New York City Analytics 52

CFPB Monitor

NOVEMBER 9, 2022

On November 9, 2022, New York Department of Financial Services (NYDFS) Superintendent Adrienne Harris announced that the NYDFS formally proposed an updated cybersecurity regulation. Require controls to prevent initial unauthorized access to technology systems and to prevent or mitigate the spread of an attack;??

Regulation 78

Regulation Compliance New York Training 78

FICO

NOVEMBER 1, 2016

Some policy leaders, like those in New York, are not deferring to the federal government to take the lead. On September 13, the New York Department of Financial Services (NYDFS) proposed first-of-its-kind cybersecurity rules covering a wide range of banks, insurers and financial services companies under its jurisdiction.

New York 40

New York Regulation Policies National 40

PYMNTS

FEBRUARY 11, 2020

In a move that bolsters its financial technology presence in India, Uber has put an Uber Money team into place in Hyderabad. Uber Money teams are also located in Palo Alto, Amsterdam, New York and San Francisco tech centers, Livemint reported.

San Francisco 186

San Francisco Fintech Analytics New York 186

PYMNTS

JULY 2, 2020

Payroll card provider Global Cash Card has reportedly lost its legal battle against the New York Department of Labor, which had imposed regulations on payroll card companies in an effort to protect employees against unfair fees. ADP Eyes Payroll Card Adoption Jump. Galileo Launches Contractor Pay Card.

Cards 208

Cards New York Capital Compliance 208

PYMNTS

JULY 12, 2018

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. A bill signed by Governor Andrew M.

Online 100

Online New York Lending Regulation 100

CB Insights

SEPTEMBER 13, 2021

The technology offers services such as blockchain forensics, anti-money laundering, and compliance monitoring, among others. Mastercard: New York-based Mastercard is a global payments company that caters to businesses, governments, financial institutions, and individual consumers across 210 countries.

Analytics 43

Analytics Technology cryptocurrency blockchain 43

PYMNTS

JANUARY 10, 2020

Illinois’s Blockchain Technology Act went into effect on Jan. The move allows for a whole new bevy of blockchain-based legal contracts, which will be able to be used for official purposes like court. . “A In other news, blockchain compliance startup Securrency has received $17.65

Illinois 131

Illinois blockchain Regulation Bitcoin 131

PYMNTS

JANUARY 28, 2019

As noted in this space by Karen Webster, the ban on the ban – where, now, in New York, surcharges are allowed when merchants post total prices for transactions – shows the inefficiencies of regulation that supersede card networks’ own rules governing merchant activities. In New York this month, credit card surcharges got the okay.

Cards 125

Cards New York Oklahoma Connecticut 125

Perficient

JANUARY 4, 2022

Bank of New York Mellon. On February 11, 2021, BNY Mellon announced the formation of a new Digital Assets unit , intended to help clients with their digital assets and cryptocurrency needs by delivering a secure infrastructure for all things digital assets. Northern Trust.

cryptocurrency 309

cryptocurrency Marketing Bitcoin America 309

PYMNTS

DECEMBER 23, 2019

Payments messaging technology provider SWIFT recently opened up its Know Your Customer (KYC) platform, the KYC Registry , directly to corporates. More than seven years of manual employee time-tracking has led to allegations of payroll fraud and abuse at the Albany County Comptroller in New York, according to local CBS news reports.

Fraud 131

Fraud Maryland Payments New York 131

PYMNTS

MAY 18, 2020

The New York payment network giant said fraud was up 17 percent at gas pumps through the end of last year through its Europay, Mastercard and Visa ( EMV ) credit card terminals that allow chip cards and smart cards.

Fraud 196

Fraud Tools Security New York 196

Payments Source

JANUARY 8, 2020

a software glitch at parking technology vendor Parkeon halted digital payments at meters in New York and other cities. So far this year, Lloyds and Clydesdale and Yorkshire Banks have had payment failures in the U.K. And in the U.S.,

New York 93

New York Payments Software Technology 93

PYMNTS

JUNE 10, 2019

Government procurement moved to the spotlight last week when New York City Comptroller Scott Stringer announced he is closely monitoring the state’s eProcurement project following reports of surging costs. And it all must be done in compliance with the law. “You’re seeing a lot of serious problems with it.”

New York City 145

New York City New York Nevada Payments 145

Independent Banker

APRIL 30, 2022

But with so much emphasis placed on customer-facing products and technologies, innovating back-office operations can fall to the bottom of the priority list. Operations play a role across multiple facets of community banking, including account onboarding, payments and transactions, fraud analysis, compliance and regulatory guidelines.

Innovation 91

Innovation Community Bank New York City Community 91

Abrigo

JUNE 10, 2020

LaFontaine failed to take sufficient action when presented with significant AML program deficiencies in the Bank’s SAR-monitoring system and the number of staff to fulfill the AML compliance role by his AMLO [AML Officer],” the document said. If you don’t have compliance from the top down, document it, and look for another job,” she says.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

JANUARY 23, 2019

Payments company Swift Prepaid Solutions and small business financier Bitty Advance are collaborating on technology to accelerate small businesses’ access to merchant cash advances.

Samsung 162

Samsung New York Branding Apple 162

Perficient

AUGUST 16, 2023

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. In 2011, Hanes put together a local investment group that purchased the bank from its former holding company, and he became President and CEO of the new bank.

United States 221

United States Kansas FDIC Risk Management 221

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

JANUARY 25, 2019

Chainalysis unveiled an anti-money laundering (AML) compliance solution for stablecoins called Know Your Transaction (KYT), the company said in an announcement. In other news, Robinhood got the green light to trade seven digital currencies — such as bitcoin and litecoin, among others — in New York state, Reuters reported.

blockchain 123

blockchain Bitcoin Security Survey 123

PYMNTS

JUNE 29, 2018

The state of California passed a new digital privacy law that provides consumers with more transparency and control over their digital data. While technology and businesses in California weren’t in support of the bill, they didn’t attempt to prevent it because the ballot initiative was even tougher, noted The New York Times.

California 100

California Data Online New York 100

PYMNTS

DECEMBER 13, 2018

Recently, though, many CUs have turned to technology-driven solutions to help members more efficiently communicate their needs and feedback. The new site aims to improve online functionality with an enhanced user experience, as well as keep MED5 FCU in compliance with the Americans with Disabilities Act.

Regulation 135

Regulation South Dakota ATM New York City 135

Insights on Business

JULY 20, 2018

When IBM acquired OpenPages in 2010, it was widely recognized as a pioneer and market leader in governance, risk and compliance software. Since the acquisition in 2010, IBM has continued to drive innovation and leadership in risk and compliance and industry leaders have taken note. IBM RegTech Innovations.

Risk Management 96

Risk Management Management Compliance New York City 96

PYMNTS

APRIL 24, 2019

In the April edition of the Payments And The Platform Economy Playbook , PYMNTS examines how regulatory compliance changes are impacting the growth of the sharing economy. The Playbook also looks at how payment services and other third-party platforms are working with shifting compliance demands to participate in the global sharing economy.

Marketing 179

Marketing Regulation Case Study Security 179

PYMNTS

JANUARY 3, 2020

In a way, the practice of payments — payments itself — is moving from the high minor leagues to the majors, and to the New York Yankees at that. Payments, of course, have always been important, but the new decade promises to be something else entirely. But in fairness, it’s going to be a big one, at least from all the signs.

Payments 209

Payments Innovation Maine Compliance 209

PYMNTS

MARCH 28, 2019

ICBA Bancard, the payment services arm of the Independent Community Bankers of America (ICBA), has partnered with Urban FT, a New York-based software company, to bring prepaid cards to community banks, the companies said in a press release. trillion by 2022. based Sunrise Banks, a $1.1

Cards 128

Cards Community Bank Community New York 128

PYMNTS

SEPTEMBER 8, 2020

He pointed to advancements in technology that allow people to tap into wages as they are earned to help alleviate financial stresses. For example, in New York state, the top marginal income tax rate is nearly 9 percent, plus another 3 percent in New York City.

Taxes 170

Taxes Los Angeles New York City New York 170

PYMNTS

OCTOBER 18, 2019

To roll out operations in the United States as it grows its supply chain business that links apparel brands with suppliers as well as factories, Singapore-based fashion technology firm Zilingo is designing a $100 million push. And it offers compliance services, auditing and predictive analytics to help firms quickly reply to trends. “We

Los Angeles 101

Los Angeles US United States Branding 101

PYMNTS

JULY 9, 2019

Facebook joined forces with technology lobbyists and government leaders to challenge privacy campaigners led by Schrems, who has a record of winning important cases against Facebook. What happens Dec. 12 could affect how hundreds of thousands of companies transfer personal data worldwide, Bloomberg and other outlets report.

United States 100

United States New York Apple Compliance 100

PYMNTS

JULY 9, 2019

Facebook joined forces with technology lobbyists and government leaders to challenge privacy campaigners led by Schrems, who has a record of winning important cases against Facebook. What happens Dec. 12 could affect how hundreds of thousands of companies transfer personal data worldwide, Bloomberg and other outlets report.

United States 100

United States New York Apple Compliance 100