PYMNTS

AUGUST 21, 2020

More than $50 billion of cryptocurrency was transferred from virtual wallets in China to other parts of the world last year, a potential violation of the nation’s strict limits on how much money can be sent abroad, according to a new report. In contrast, the report said $38 billion in cryptocurrency left Western Europe.

cryptocurrency 349

cryptocurrency Report Regional Capital 349

PYMNTS

AUGUST 23, 2018

Compliance of General Data Protection Regulation (GDPR) rules remain low across the globe, according to the latest research from Dimensional Research. Reports from the Business Information Industry Association (BIIA) on Tuesday (Aug. Reports from the Business Information Industry Association (BIIA) on Tuesday (Aug.

Compliance 184

Compliance Regulation Data Survey 184

PYMNTS

JANUARY 24, 2019

With third-party due diligence and supply chain security as increasingly critical components of organizations’ procurement operations, compliance executives are finding important positions in their firms’ purchasing processes. That’s only if analysis of that data can be done correctly, however.

Compliance 191

Compliance Risk Management Training Analysis 191

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). The pandemic has heightened risks for pretty much everyone, including U.S.

Compliance 166

Compliance National Fraud Operations 166

PYMNTS

APRIL 1, 2020

Consumer data privacy laws were making compliance difficult before a pandemic brought the world to a halt. businesses experienced at least one data breach that compromised a minimum of 1,000 records in 2019,” the report states. Are we living in those conditions now? No one is totally sure. Sixty-three percent of U.S. It’s not like U.S.

Compliance 153

Compliance Data Google Regulation 153

PYMNTS

OCTOBER 5, 2020

For more on these and other AML/KYC news items, download this month’s Tracker. All customers expressed displeasure with poor account opening experiences, with 73 percent saying they have become less tolerant of these deficiencies over the past few years. Streamlining AML And KYC Procedures Via AI.

Online 141

Online Compliance Report Study 141

PYMNTS

JULY 1, 2019

When it comes to the new and emerging legal cannabis industry – along with the closely related trade in CBD products – payments and compliance issues, as one can imagine, have tremendous importance, and companies are striving to get into the game via those angles. The news comes as it was reported in February that the U.S.

Compliance 167

Compliance Industry Payments Policies 167

PYMNTS

AUGUST 27, 2018

The initial verdicts of General Data Protection Regulation (GDPR) are in, at least in terms of compliance – or lack thereof. In news this past week, studies have shown that compliance rates are indeed low, three months in. are in compliance. There exists vulnerability in supply chains, we reported in this space last week.

Compliance 102

Compliance social media Study Data 102

PYMNTS

APRIL 26, 2019

The end of a busy week provides a chance to catch up on the biggest news from the world of digital payments and commerce – news, trackers and even fun stories you may have missed. Mueller Report Reveals Bitcoin’s Russia Connection. Welcome to the PYMNTS Weekender. We hope you enjoy. Top Stories. Visa’s Next ‘Digital-First’ Act.

Bitcoin 175

Bitcoin Apple Cards Compliance 175

PYMNTS

DECEMBER 12, 2019

JPMorgan Chase has been using artificial intelligence (AI) and machine learning to process expense reports and check them for compliance, according to Bloomberg. We’re doing 100 percent of audit[s] through a machine learning model that makes sure that, as we process travel and expense reports, they’re in alignment with our policies.”.

Report 132

Report Fraud Policies Compliance 132

PYMNTS

SEPTEMBER 23, 2020

These systems are also designed to ensure compliance with government regulations for fighting organized crime rings, with Thomson Reuters reporting there were 80,000 regulatory updates around the world in 2019 that banks must comply with or be punished with fines. About The Playbook.

Technology 208

Technology Report Fraud Study 208

Abrigo

JULY 20, 2017

Allaboutrisk.com (AAR) recognizes Sageworks as a credit risk vendor in its 2017 Risk Software Report. AAR is the global leader for online news, product and innovation information on risk, compliance, and trading. The products featured in the report include: · Credit Analysis. ALLL – Allowance for loan and lease losses.

Software 150

Software Report United States Compliance 150

PYMNTS

NOVEMBER 7, 2019

The Bank of England has told HSBC to improve compliance controls for non-fiscal factors like fraud and staff conduct, according to a report by Reuters. Samir Assaf, HSBC head of global banking and markets, shared the news with other seniors bankers on Tuesday (Nov. percent following the report. The quarter posted $4.8

Compliance 101

Compliance Fraud Taxes Regulation 101

PYMNTS

DECEMBER 18, 2018

Now comes a comic book contribution to one of the most vexing and vital issues of modern payments and commerce — fraud prevention and ID compliance. 18) that is has released a free comic and coloring book entitled “ The Adventures of ID Man and Compliance Kid.”. Compliance, too, could become a juicer in the near future.

Compliance 152

Compliance Fraud Security Course 152

PYMNTS

SEPTEMBER 13, 2019

Many firms are likely to fall afoul of compliance , especially if they want to field international transactions. 62 percent: Portion of London firms reporting a rise in GDPR requests since 2018. The potential impact may be significant. Data: 30 percent: Share of authorization requests that might be declined under SCA. $57

Compliance 156

Compliance Data Tools Management 156

PYMNTS

DECEMBER 11, 2020

In this week's news, we saw two blockbuster IPOs, arguments and stalemates over a new stimulus bill, and new data on consumers' digital shopping trends. Report: Digital Lender SoFi Eyes IPO Via SPAC. Trackers And Reports. New Data: Tracking The Consumer, Merchant Digital Shift Down Under.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

MARCH 1, 2017

News from the world of Payments as a Service solutions. These solutions also have wide-ranging applications that are changing the way consumers pay for small services, like sodas at a vending machine to more expensive items like condominium fees. In several countries – from the U.S. About The Tracker.

Compliance 100

Compliance Report Apple Mobile 100

PYMNTS

SEPTEMBER 26, 2018

A case of complacency on compliance? As noted in a report that debuted on Tuesday (Sept. 25) from Verizon Communications, full compliance with the PCI DSS (short for Payment Card Industry Data Security Standard) dropped last year, the first decline seen in six years. The headline numbers: 52.5 The headline numbers: 52.5

Compliance 134

Compliance Regional America Survey 134

PYMNTS

SEPTEMBER 25, 2019

The current regulatory climate remains in its relative infancy for this industry, so marketplace lenders are not only tasked with maintaining compliance but diligently tracking the regulatory landscape to forecast new and changing rules. In the U.S., Data Solutions For Data Problems.

Compliance 117

Compliance Risk Management Lending Regulation 117

PYMNTS

OCTOBER 30, 2020

The PYMNTS Weekender is here to catch you up on the latest news at the end of another busy work week. Visa reported fiscal Q4 results that illustrated a rally in pent-up demand, with volumes up quarter over quarter. Trackers And Reports . REPORT: Consumer Privacy Concerns Demand Regulatory Compliance. 3 election.

Technology 161

Technology Apple Payments Capital 161

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. There are also an “extremely high number” of tax rules.

Compliance 146

Compliance Marketing Taxes Groups 146

PYMNTS

DECEMBER 17, 2018

It’s been six months since the General Data Protection became law of the land, at least in the European Union, and yet the majority of companies that must be in compliance with that mandate are woefully unprepared. The report surveyed more than 200 firms across a range of industries. The time is now.”.

Report 167

Report Fraud Compliance Apple 167

PYMNTS

SEPTEMBER 25, 2020

It’s the end of another work week, and the PYMNTS Weekender is here to catch you up on the latest news. 21) after a report was leaked to the International Consortium of Investigative Journalists (ICIJ) and BuzzFeed News. Trackers And Reports. New Report: The Power Of Instant On SMBs’ Financial Health.

Maine 153

Maine social media Atlanta Massachusetts 153

PYMNTS

NOVEMBER 6, 2019

In today’s top payments news, Japan’s SoftBank reported a $6.5 Also, Fidelity National Information Services (FIS) reported Q3 results that beat expectations for adjusted earnings. Japan’s SoftBank reported a $6.5 billion loss on Wednesday (Nov. 6) with its first quarterly drop-off in 14 years. Adjusted earnings of $1.43

Report 100

Report Payments Mobile National 100

PYMNTS

FEBRUARY 12, 2020

Fenergo , a Dublin-based FinTech startup that helps other banking organizations deal with regulatory compliance, onboarding and “lifecycle management,” has raised $80 million and has a valuation of $800 million, according to a report. This round is reportedly one of the larger ones completed for an Irish FinTech.

Compliance 150

Compliance Fintech Customer Experience Industry 150

PYMNTS

OCTOBER 16, 2019

Flowhub , a cannabis retail management software vendor, has raised $23 million in its bid to automate cannabis compliance. What we are experiencing right now is an end to cannabis prohibition, and Flowhub is on the front lines of this movement,” said Sherman in a statement, according to reports.

Compliance 109

Compliance Software Retail Regulation 109

PYMNTS

MARCH 5, 2019

The Reserve Bank of India (RBI), the country’s central banking institution, has fined almost 20 lenders, including the State Bank of India and ICICI Bank, for not complying with rules on the use of worldwide payments network SWIFT, according to reports. The specific reasons for the non-compliance was not released.

Compliance 140

Compliance Fraud Guidelines System 140

PYMNTS

DECEMBER 26, 2018

Wall Street firm, was fined $10 million by the Financial Industry Regulatory Authority (FINRA) for compliance failures. According to a report in Reuters , citing FINRA and Morgan Stanley, the firm agreed to pay $10 million after FINRA contended it had lapses in compliance for more than five years from January of 2001 until April of 2016.

Compliance 134

Compliance System Policies Industry 134

PYMNTS

MARCH 27, 2019

While regulators had transparency and financial security in mind when introducing more stringent requirements for banks following the global financial crisis, financial institutions faced a sudden surge in the burden compliance. The Key To Compliance Is Data.

Compliance 116

Compliance Data Regulation Analytics 116

PYMNTS

NOVEMBER 24, 2020

Centers for Disease Control and Prevention (CDC) is finalizing its recommendations for shorter quarantine times after potential COVID-19 exposure, The Wall Street Journal (WSJ) reports. That said, the report notes that there hasn't been a study on how quarantine lengths affect peoples' willingness to abide. in October to 96.1

Compliance 186

Compliance Study Conference Report 186

PYMNTS

JUNE 9, 2020

The June Digital Identity Tracker® , explores the latest develo pments in the world of digital IDs, including how biometric technology is being leveraged to enhance AMC/KYC compliance around the world. For more on these and other digital identity news items, download this month’s Tracker. Around The Digital ID World.

Online 195

Online Report Compliance Fraud 195

PYMNTS

OCTOBER 16, 2019

The Cost of Compliance. Scandal and fraud tarnishing banks’ reputations aside, the impact that AML compliance controls have had on these banks’ bottom lines can’t be underestimated. Most financial institutions know that emerging tech and new tools can help fight fraud and money laundering, but many are still held back.

Compliance 123

Compliance Fraud Study Digital Banking 123

PYMNTS

SEPTEMBER 17, 2018

Technology adoption is at an all-time high for this industry, according to Teletrac Navman’s recent Telematics Benchmark Report: U.S. “Fleets must focus on more sophisticated use of telematics features and data for competitive advantage,” Teletrac Navman stated in its announcement of the report. Last April, the U.S.

Compliance 139

Compliance Industry Technology Data 139

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

PYMNTS

AUGUST 23, 2018

The data security requirements have wide-reaching implications for businesses across sectors, but as companies expand globally and business partners connect on digital channels, supply chains’ GDPR compliance is an increasing focus of security and compliance initiatives in the enterprise.

Compliance 119

Compliance Data social media Security 119

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. MUFG Bank said the OCC recognized improvements the bank made to its U.S.

Compliance 108

Compliance Los Angeles New York blockchain 108

Insights on Business

MAY 1, 2019

While deregulation has been a trend over the past few years, compliance monitoring and regulatory change management remains a top focus for financial institutions of all sizes. Greater availability of data, facilitated by real-time integrations makes it possible for compliance experts to monitor a wide variety of sources.

Compliance 122

Compliance Management Regulation Analysis 122