Perficient

JUNE 30, 2022

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets – Perficient Blogs. Crypto Conference.

cryptocurrency 472

cryptocurrency Regulation Conference Taxes 472

PYMNTS

NOVEMBER 22, 2019

Ongoing security concerns have prompted the Federal Reserve to further scrutinize big tech firms that serve the banking industry, The Wall Street Journal (WSJ) reported on Thursday (Nov. The Bank Service Company Act gives financial regulators the power to audit third-party vendors that offer banking services, Ashton said.

Security 116

Security Policies Conference Compliance 116

PYMNTS

JULY 16, 2019

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.

National 187

National Security cryptocurrency US 187

PYMNTS

FEBRUARY 21, 2019

That said, IoT device creators and consumers are looking at IoT security with a higher level of scrutiny. In the February Intelligence of Things Tracker , PYMNTS examines how countries, developers and consumers are responding to increased calls for security, as well as how the IoT market is growing worldwide. Around the IoT World.

Security 180

Security Data Conference Regional 180

PYMNTS

JUNE 14, 2018

The Securities and Exchange Commission’s (SEC) leading authority on bitcoin, cryptocurrency and initial coin offerings (ICOs) has ruled that some well-known cryptocurrencies like bitcoin and Ethereum are not securities. As such, they can expect to come under the regulatory control of the SEC and relevant securities laws.

Bitcoin 159

Bitcoin Security San Francisco cryptocurrency 159

PYMNTS

JULY 16, 2018

Cryptocurrencies such as bitcoin and ether don’t pose much of a risk to global financial stability at the current time, but that isn’t stopping global regulators from creating a framework to monitor risk from cryptocurrency. The move on the part of global regulators comes as the Securities and Exchange Commission in the U.S.

Regulation 110

Regulation San Francisco Bitcoin cryptocurrency 110

PYMNTS

JANUARY 22, 2020

Separately, IBM CEO Ginni Rometty told CNBC from Davos that artificial intelligence should be subject to “precision regulation … you want to have innovation flourish and you’ve got to balance that with security.” There’s still some work to be done,” the minister said at the conference. At Davos on Wednesday (Jan.

Taxes 131

Taxes Regulation Conference National 131

PYMNTS

JUNE 28, 2018

But the recent thefts, along with other attempted and completed cyberattacks, demonstrate why payments officials in the region are expressing fresh concern about financial security there. Evidence of that comes from Swift’s Latin America Regional Conference , held earlier this month in Miami. Fraud is a Top Worry. Growing Awareness.

America 102

America Security Miami Conference 102

PYMNTS

DECEMBER 18, 2018

As retailers, payments providers and consumers prepare for the coming 5G world, there remain concerns about how well that mobile network technology will protect consumer privacy and security. 5G Security Holes? As well, the 21-page report found that 5G “security goals are underspecified,” among other problems. Government Role?

Security 143

Security Mobile Technology Cyber Security 143

PYMNTS

SEPTEMBER 20, 2019

It is very unlikely that one can totally stop people from buying Libra despite rigorous regulations.”. If [investors] think there’s the same rigor around that price discovery as there is on the Nasdaq or New York Stock Exchange … they are sorely mistaken,” Clayton said at the Delivering Alpha conference, according to CNBC. “If

Bitcoin 139

Bitcoin Regulation cryptocurrency United States 139

Bank Innovation

DECEMBER 18, 2019

As large tech and payments companies bail on Facebook’s Libra digital currency project, Federal Reserve Governor Lael Brainard Wednesday highlighted key risks that have yet to be mitigated, including the safety and security of consumer money flowing through Libra’s transaction rails.

Conference 259

Conference Security Payments Company 259

PYMNTS

SEPTEMBER 2, 2019

As the firm aims to boost its crypto investments, it hosted officials from the Treasury Department, as well as a number of Washington’s regulatory agencies, at a full-day, private conference in San Francisco in late May, according to The Wall Street Journal. But those in attendance reported that J.

Conference 139

Conference San Francisco cryptocurrency Regulation 139

PYMNTS

FEBRUARY 9, 2017

Brokers/dealers were concerned about the potential for consumers to exercise their rights under Regulation E to assert that a transaction was unauthorized up to 60 days after its settlement, despite the fact that securities settlement transactions are exempt from Reg. Beyond Securities Transactions. A Window Of Opportunity.

Security 100

Security Risk Management Conference Industry 100

PYMNTS

JUNE 11, 2018

Corporate treasurers at the Money 20/20 conference recently voiced concerns over a lack of competition in the payment card market, urging competition authorities to look at how key players dominate the space. Reports in Euromoney on Friday (June 8) said corporate treasurers attending the Money/2020 conference, most of them U.S.-based,

Cards 101

Cards Security Conference Regulation 101

Bank Innovation

FEBRUARY 23, 2018

EXCLUSIVE— While businesses and banks in the United Kingdom are moving (slowly) towards compliance with the General Data Protection Regulation, many U.S. companies are still figuring out if the regulation applies to them.

Company 225

Company Conference Compliance Regulation 225

PYMNTS

NOVEMBER 6, 2019

Facebook said it is going to enhance encryption capabilities on its Messenger communication platform, despite requests from lawmakers and regulators not to do so because of the potential result that pedophiles and criminals will be harder to track.

Regulation 113

Regulation Conference Data Report 113

PYMNTS

MAY 25, 2016

To help repair its damaged reputation, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) announced on Tuesday (May 24) that it plans to launch a new security plan to help combat ongoing bank heists. “Many of the less protected banks are in countries w[h]ere skills are really scarce,” he added.

Security 100

Security Conference Guidelines New York 100

PYMNTS

JANUARY 19, 2018

Fizzle of the Week: Cryptocurrency Regulation. The saga over bitcoin and its relationship to various regulators has become something of the payments answer to a romantic comedy. Separately, Bank of Korea Governor Lee Ju-yeol told a news conference that “cryptocurrency is not a legal currency and is not being used as such as of now.”.

Bitcoin 123

Bitcoin Regulation cryptocurrency Taxes 123

Bank Innovation

APRIL 25, 2019

. — Fintechs are having trouble facing reality when it comes to obtaining bank charters, FDIC Chairman Jelena McWilliams and Comptroller of the Currency Joseph Otting said here at the FDIC’s Fintech and the Future of Banking conference on Wednesday.

Fintech 186

Fintech FDIC Washington Conference 186

PYMNTS

FEBRUARY 14, 2018

s Chief Executive Tim Sloan said at an investor conference Tuesday (Feb. According to a report in Reuters covering comments Sloan made at the investor conference, he said the bank is open for business and that nothing much has changed for the company. Wells Fargo & Co.’s

Regulation 100

Regulation Conference Compliance Lending 100

BankInovation

OCTOBER 5, 2022

It may just be that banking-as-a-service (BaaS) providers and fintechs have grown into unique and now mature collaborators that justify updated and revised requirements from regulators. Hsu spoke at The Clearing House and Bank Policy Institute’s Annual Conference, outlining the Office of the Comptroller of […].

Exercises 97

Exercises Fintech Conference Policies 97

PYMNTS

OCTOBER 13, 2020

Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. That’s according to the U.S. In the report from the U.S. The terrorist threat, in particular, represents what the report termed “the first raindrops of an oncoming storm.”

cryptocurrency 206

cryptocurrency United States social media Regulation 206

CFPB Monitor

MARCH 8, 2017

Earlier this week, we attended the LendIt USA conference in New York City, a leading annual fintech conference, at which CFPB Director Richard Cordray and Comptroller of the Currency Thomas Curry both spoke. Kaplinsky and Scott M. ” He then discussed the CFPB’s two most recent requests for information.

Conference 74

Conference Policies New York City Data 74

PYMNTS

DECEMBER 5, 2018

The company was made aware of the attack in September, after an alert from an internal security tool. Oberg, who was at an investor conference on Wednesday, stressed that it was a singular situation that shouldn’t be compared to other massive data breaches. “Any You do expect there will be material costs associated with this.”.

Data 186

Data Conference Tools Security 186

William Mills

APRIL 21, 2016

The Mortgage Bankers Association’s National Technology in Mortgage Banking Conference and Expo was held April 3 rd through 6 th in sunny Los Angeles, California. Discussions were driven by themes that are currently transforming the mortgage industry, one being the idea of customer experience.

Conference 40

Conference Los Angeles Customer Experience Millennials 40

PYMNTS

SEPTEMBER 30, 2018

Ireland’s Data Protection Commission, which is Facebook’s lead privacy regulator in Europe, has requested more information from the company about the breach, including which EU residents might be affected. billion if regulators find the company violated the bloc’s strict new data privacy law. It could fine Facebook as much as $1.63

Data 181

Data social media Regulation Conference 181

PYMNTS

DECEMBER 23, 2020

21) following months of debate will assist financial institutions by relaxing an important small-business lending initiative’s regulations, providing deferred loan payment accounting relief and bolstering the financial position of borrowers, Reuters reported. SEC Files Lawsuit Against Ripple Over Unregistered Securities.

blockchain 210

blockchain San Francisco cryptocurrency Security 210

Abrigo

JANUARY 3, 2024

Treasury’s Financial Crimes Enforcement Network (FinCEN) recently issued a new regulation on the requirements, including how AML staff will access the information through a new federal beneficial ownership information (BOI) registry. This is in line with the current CDD regulations. Effective Jan. More is expected on this later.

Fraud 221

Fraud Regulation Report Compliance 221

Abrigo

JULY 1, 2021

company for a conference. Conference fees generally should be less than $1,000 and not recurring. You can determine the validity of this transaction by seeing if anyone else is attending this conference and paying the same amount at the same time. If it is a lone transaction, it is very likely there is no conference.

Training 370

Training Conference Community Video 370

PYMNTS

FEBRUARY 25, 2020

A “future bank” focused solely on providing regulated services for digital assets is preparing to start, according to Coindesk on Monday (Feb. Because trust companies can’t custody securities in the U.S., At the conference, ideas about digital currencies were discussed, according to Coindesk. The company was formed Jan.

NJ 130

NJ New Jersey Bitcoin blockchain 130

PYMNTS

MAY 26, 2016

Those services launched into virgin territory in terms of regulation — businesses of this kind had never quite existed before — and so the rules and regs in place did not quite manage to directly address them. But the events of the week indicate that this area is not likely to remain quite so gray forever. The Big Austin Loss .

Regulation 100

Regulation Austin San Antonio United States 100

PYMNTS

MARCH 18, 2019

Authenticating.com is working to combat identity fraud by combining different solutions to securely automate and outsource identity verification and fraud prevention as a service. Personally identifiable consumer information is encrypted end-to-end, then anonymized, de-personalized and bifurcated to ensure that the data is secure.

Fraud 108

Fraud Knowledge Base Regulation Data 108

PYMNTS

FEBRUARY 21, 2020

regulators to secure a national bank charter, in turn clearing the runway for the entity to accept consumer deposits. LendingClub management said on the conference call that buying Radius provides access to capital beyond the traditional institutional investors that have helped fund the loans.

Digital Banking 224

Digital Banking Conference Samsung Fintech 224

CFPB Monitor

SEPTEMBER 8, 2022

In remarks yesterday to The Clearing House and Bank Policy Institute Annual Conference, Acting Comptroller Hsu discussed the growth “of banking-as-a-service (BaaS),” meaning arrangements in which a nonbank offers banking services to its customers as a way of adding value to its products and services.

Fintech 146

Fintech Risk Management Conference Lending 146

PYMNTS

NOVEMBER 8, 2020

According to the release, Ripple chose DIFC for its “innovative regulations, expansive network and reputation as a leading global financial centre,” according to the release, with the two companies “aligned” in their visions for the future. According to Cointelgraph , Powell had been responding to a news conference after the Fed's Nov.

Bitcoin 155

Bitcoin blockchain Fraud Conference 155

PYMNTS

SEPTEMBER 11, 2019

Jamal El-Hindi, the deputy director of the Financial Crimes Enforcement Network (FinCEN), spoke at the 2019 Money Transmitter Regulators Association Annual Conference on Wednesday (Sept. 11) about the importance of innovation and the regulation of non-banking financial institutions (NBFI), according to a release.

social media 116

social media Compliance Innovation Regulation 116

PYMNTS

MARCH 23, 2018

News came Friday that the wild west of cryptocurrencies — where fortunes are made and lost in the blink of an eye, and where regulations are less than regular — might be well-governed by the stock market when it comes to governance. So opined the Securities and Exchange Commission’s (SEC) Director Brett Redfearn, Reuters reported.

Marketing 109

Marketing cryptocurrency Conference Security 109