PYMNTS

NOVEMBER 9, 2020

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. million) penalty for not following a new social media law, Reuters reported, citing Omer Fatih Sayan, the deputy transport and infrastructure minister. Regulation.

Regulation 211

Regulation social media Compliance California 211

PYMNTS

MAY 16, 2019

Across the European Union (EU), technology providers and social media platforms are increasingly playing a bigger role in the Open Banking ecosystem. Meanwhile, technology companies like Microsoft are dealing with GDPR investigations of their own. Social Media Sites and Payment Innovations Under PSD2 and GDPR.

social media 161

social media Compliance Innovation Data 161

Long Lasting Ideas

AUGUST 7, 2014

The expansion of social media in the workplace and for personal use has made it vital for financial institutions to include a specific social media policy within its policies and procedures. 8 Steps to Create Your Social Media Policy. IBM Social Computing Guidelines. Social Media Policy Database.

social media 69

social media Policies How To Handbook 69

Perficient

JULY 10, 2023

Political climate, environmental issues, technology innovations, criminal activity, economic volatility/inflation, account diversity, and industry regulatory changes are just a few examples of factors that often spur reputational risk or crises. Reputational risk is convoluted.

social media 170

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PYMNTS

APRIL 7, 2017

Compliance is not just about dealing with a specific corporate action or use case. When payments are involved, compliance is a way of life, as constant as the transactions themselves, and it is complex enough an activity for some firms as to demand outsourcing to experts. She noted that WePay exists “behind the scenes.…

Compliance 100

Compliance social media User Experience Fraud 100

ForwardBanker

SEPTEMBER 24, 2018

As of March 2018, there are more than 3 billion social media users worldwide. The post Social Media Policies: Four Steps to Effectiveness appeared first on Deluxe FS. Note: Nothing in this post is legal advice and should not be construed as such. These users, and all your employees, need to know the rules.

social media 39

social media Policies Marketing Compliance 39

The Banker Technology

APRIL 16, 2018

The recent Facebook scandal over illicitly distributed personal data has thrust social media into the spotlight, but banking is a sector that faces stringent compliance over privacy. So how are US banks using social media channels to best engage customers and promote their business? Jane Monahan reports.

social media 28

social media US Compliance Data 28

Abrigo

JULY 13, 2023

A scam usually begins with online contact via social media or dating apps. Crafty scammers exploit weaknesses in fraud and anti-money laundering (AML) compliance programs such as outdated technology, human error, or inadequate monitoring systems. Navigate your BSA exam with tips from this on-demand webinar.

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PYMNTS

DECEMBER 28, 2020

Here’s the latest news from companies in the technology industry, which are coming under increasing scrutiny from officials and criticism from competitors. Facebook Turns Off Instagram, Messenger Features for Users in Europe.

Compliance 148

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ABA Community Banking

MAY 16, 2018

High rewards are accompanied by high risks Technology Compliance Compliance Management.

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PYMNTS

FEBRUARY 12, 2019

Govindacharya have asked lawmakers in India to call leaders of Google and Facebook to the country to ask them about data privacy and their compliance on tax laws, according to a report from Reuters. The group is asking a parliamentary panel on information technology to investigate the tech giants.

Taxes 108

Taxes Google social media Groups 108

PYMNTS

SEPTEMBER 17, 2020

The association said in a news release that “Emmett is a highly experienced financial services leader with a wealth of global experience in business, strategy, technology and operations, gained through his 25 years with HSBC.". In addition, government entities have become interested in “stablecoin” technology. On the heels of the U.S.

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PYMNTS

SEPTEMBER 8, 2020

In addition, the legislation would make sellers pay a third of commissions to a dedicated training fund for technology specialists each quarter. Tumusov wrote in a social media post that “lowering the commission and having the ability to bring products to users is a growth opportunity for IT developers.”.

Taxes 131

Taxes Google Apple social media 131

PYMNTS

NOVEMBER 16, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from governments and consumers around the world. As technology companies become bigger and more important to the economy, I would say more regulations to reflect the new reality are needed," Lau said, according to the report. Regulation.

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Maryland Taxes Online Groups 151

PYMNTS

JANUARY 11, 2021

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments around the world. The social media platform is taking away “Likes” and putting the emphasis on “Followers” to streamline the method through which individuals link up their favorite “Pages.”

Taxes 132

Taxes US Compliance social media 132

Abrigo

JULY 10, 2023

An example of a rising AI fraud scheme is using voice-to-text technology, such as Microsoft’s new Vall-E Text-to-Speech System. This technology can convert written words into speech that sounds like a recorded person using only three seconds of a voice recording.

Fraud 150

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PYMNTS

JUNE 25, 2018

However, for many financial services firms, RegTech’s (Regulatory Technology) potential is limited by any number of causes. Not only is regulatory oversight on the rise, but social media has emerged as a strong watchdog, too, keeping financial institutions (FIs) mindful of unchartered territory, where risks to reputation and revenues abound.

Risk Management 167

Risk Management Strategy Management Compliance 167

Social Assurance

JANUARY 11, 2021

In a recent article from Social Media Today , they shared their social media marketing predictions for 2021. Here we have broken down some of those social media trends that you should be paying attention to as a financial marketer. Social Media Stories. Facebook Pay.

social media 15

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Social Assurance

JANUARY 11, 2021

In a recent article from Social Media Today , they shared their social media marketing predictions for 2021. Here we have broken down some of those social media trends that you should be paying attention to as a financial marketer. Social Media Stories. Facebook Pay.

social media 15

social media Branding Trends Tools 15

PYMNTS

DECEMBER 10, 2018

Social media giant Facebook is looking to grow its blockchain team, according to a report. The blockchain team is a startup within Facebook, with a vision to make blockchain technology work at Facebook scale,” the ad said. “We’re We’re exploring lots of areas of interest across all facets of blockchain technology.”.

blockchain 177

blockchain social media cryptocurrency Risk Management 177

Independent Banker

OCTOBER 14, 2014

A status update on banks and social media. According to a statistic released as part of the ICBA 2014 Top 50 Community Bank Leaders in Social Media, nearly 2,500 banks have a Facebook or Twitter presence, and the numbers continue to exponentially grow. .* 140-word summary of the social media guidance.

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PYMNTS

SEPTEMBER 25, 2020

HSBC To Staff: Stay Off Bank’s Social Media Accounts . The 233,000 global staffers of HSBC Holdings Plc were told to remain off the bank’s social media sites on Monday (Sept. The 233,000 global staffers of HSBC Holdings Plc were told to remain off the bank’s social media sites on Monday (Sept.

Maine 153

Maine social media Atlanta Massachusetts 153

PYMNTS

JANUARY 9, 2019

According to Financial Times , Parakilas monitored privacy and policy compliance of software developers for Facebook for 18 months before he left in October of 2012. Back then, he had warned executives at the social media company of the potentially damaging impact of Facebook’s data sharing policies.

Apple 122

Apple social media Google Policies 122

Abrigo

NOVEMBER 17, 2023

Social media scams account for the highest losses and are higher than any other fraud typology , at a reported half-billion total loss. In assessing the true cost of fraud, Gartner, the respected technological research and consulting firm, has coined three distinct pillars of fraud costs.

Fraud 195

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Gonzobanker

AUGUST 17, 2022

Thankfully, there was still a smartphone and social media to commiserate. Then, bad grades came in right as summer party season kicked off, mom and dad took away the car and credit card, and the Venmo transfers came to a screeching halt.

Fintech 184

Fintech Lending Software Compliance 184

Social Assurance

OCTOBER 29, 2021

Social Assurance’s Marketing and Compliance Report provides an analysis of the financial services industry and explores trends for the upcoming year. Growing Utilization of Marketing and Compliance Tools and Technology. Utilizing technology is something we will see budgeted for in 2022. We’ve got you covered.

Compliance 15

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PYMNTS

AUGUST 30, 2019

Today in the payments news roundup, travel technology firm Amadeus is teaming with Visa’s CyberSource to bolster anti-fraud measures for the industry. Some of the restaurants have joined a movement with a popular social media hashtag of #logout. Amadeus Taps Visa’s CyberSource For SCA Compliance.

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PYMNTS

APRIL 27, 2020

billion by 2024, and a separate study suggested that many customers were willing to use FinTechs as well as their primary banks to receive the level of technological support they desired. This type of strategy also allows FIs to implement digital technologies at more measured paces.

Digital Banking 248

Digital Banking Tools social media Mobile 248

PYMNTS

APRIL 3, 2018

We allege that Centra sold investors on the promise of new digital technologies by using a sophisticated marketing campaign to spin a web of lies about their supposed partnerships with legitimate businesses,” Stephanie Avakian, co-director of the SEC’s Division of Enforcement, said in a statement. Their firm, Centra Tech Inc.,

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social media Fraud cryptocurrency Branding 101

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

South State Correspondent

AUGUST 31, 2022

Thus, if you are using document intelligence to review social media posts or survey results and a customer discusses “trouble opening an account,” the AI can infer that it is talking about a deposit account, not a loan or merchant credit account. This makes this technology highly affordable to banks of all sizes.

Training 448

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Insights on Business

JUNE 14, 2017

Pressures stem from a myriad of sources: competition from fintechs; unrelenting regulatory environment; associated costs of compliance (or non-compliance!); They are tech savvy, mobile and social. These banks are deploying advanced technology and becoming cognitive. Millennials are a fastidious breed.

Marketing 156

Marketing social media Millennials Customer Experience 156

PYMNTS

SEPTEMBER 16, 2019

Senate panel on efforts by social media firms to remove violent content from online platforms, the panel said in a statement. The Sept 18 hearing of the Senate Commerce Committee follows growing concern in Congress about the use of social media by people committing mass shootings and other violent acts.

social media 122

social media Google Taxes Arkansas 122

Bank Innovation

APRIL 18, 2016

‘Cloud’ used to be a scary word in banking — but as the services offered by Amazon, IBM and others grow more sophisticated, both bankers and regulators are learning to love the cloud. Banks have generally been reluctant to move important information from in-house environments to the cloud, but that could Read More.

Compliance 150

Compliance Tools Regulation social media 150

Bussman Advisory

MAY 20, 2022

Decision makers out of the Financial Service Industry will share views on current and relevant topics in the digital aaset, RegTech and compliance area. Oliver Bussmann will be speaking about ‘Digital Assets – Token Revolution in Banking’ at the ACTICO RegTech Conference in Frankfurt on July 7.

Apple 52

Apple social media Fintech blockchain 52

CFPB Monitor

JANUARY 29, 2020

One of the most important areas of consumer financial regulation today is the use of internet- or social media-based platforms to target advertising for consumer financial products. It cautions that any use of the technology should be “approached with an awareness of the risks,” and be subject to fair lending compliance measures.

Lending 130

Lending social media Compliance Regulation 130

Fintech Labs Insights

SEPTEMBER 28, 2016

Qumram launched a new solution designed to record end-to-end social media interactions via WhatsApp in a fully-compliant manner. “We are excited to reveal this extension to Qumram’s fully-compliant social media recording suite,” Qumram CEO Patrick Barnert said.

social media 12

social media San Francisco Video Compliance 12