PYMNTS

MAY 23, 2017

Innovation is happening at the speed of payments — which, as it turns out, can be pretty fast these days. I travel three weeks out of four to meet our stakeholders in the markets they are in — customers, agents, regulators and employees. I try to keep this to a minimum. This routine occurs no matter where I am in the world.

Innovation 190

Innovation Payments Compliance Risk Management 190

PYMNTS

JULY 26, 2019

Regardless of how, these technologies and their innovators share common goals: to accelerate and streamline cross border payments. This, of course, means faster global payments. As the pace of payments innovation accelerates, banks will face rising operational hurdles.

Innovation 160

Innovation Payments Course System 160

PYMNTS

AUGUST 20, 2018

But here’s the rub: The guilty verdict was made on the basis of A&P’s use of supply chain innovations to lower prices to consumers. Regulators didn’t destroy A&P in the end. Its failure to keep innovating in the face of new players that did was A&P’s downfall. It operated 70 factories and 100 warehouses.

Regulation 105

Regulation Online Innovation Google 105

PYMNTS

SEPTEMBER 10, 2018

Long before innovators began talking about the power of ecosystems to transform commerce, scientists spent centuries studying them under microscopes in their labs. Decomposer for innovator large or small, established or emerging. An Ecosystem By Any Other Name. Substitute producer for buyer or supplier. Consumer for the end user.

Innovation 146

Innovation Cards Payments San Francisco 146

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

DECEMBER 28, 2020

I’d written back in January that “the 2020s promise to bring about a convergence of the technology and innovations that have defined the last 10 years — to bring about new disruptions as the web shifts into higher gear, mobile becomes ever more popular and vital, homes and automobiles become hotbeds of commerce.

Maine 270

Maine Payments Policies Survey 270

PYMNTS

JANUARY 7, 2020

The financial center operates with its own legal, regulatory and tax infrastructure and traces its roots back to 2005. As reported by the Gulf Times , the Qatar Central Bank adopted new regulations in December that focus on combating money laundering and terrorist financing. Time will tell, of course.

cryptocurrency 132

cryptocurrency Bitcoin blockchain Course 132

PYMNTS

JANUARY 20, 2021

That includes anniversaries in the payments space, of course. Generally speaking, that data sharing paves the way for a streamlined banking experience, especially over online and mobile conduits, via regulated providers. Anniversaries offer a moment to pause and reflect, and look back on what’s past and what’s to come. Last week, Jan.

Data 188

Data Innovation Fintech Regulation 188

PYMNTS

OCTOBER 21, 2019

As Seedrs CEO Jeff Kelisky told Karen Webster in a recent discussion, while most people in 2009 took one look at the sputtering and shuddering economy, there was a whole class of innovators and entrepreneurs who didn’t see a nuclear wasteland where the economy used to be. They saw a greenfield waiting to be planted.

Innovation 131

Innovation Payments Apple Mobile 131

PYMNTS

JULY 5, 2019

Amazon in some ways was the victim of a race run so well that regulators are taking a second look, competitors are loudly complaining and even the courts are taking a tougher line on its business practices. So how did everyone do clearing this week’s hurdles course? Of course, we won’t undertake such experiments cavalierly.

Regulation 108

Regulation Pennsylvania Retail Report 108

Bank Innovation

FEBRUARY 18, 2019

Unless of course, you attended Finovate Europe. The conference, which took place here on February 11 to 14, saw barely a mention of Brexit amid the discussions on global and European fintech innovation. LONDON -- Brexit is an unavoidable topic in the United Kingdom these days.

Fintech 186

Fintech Conference Course Innovation 186

PYMNTS

AUGUST 8, 2018

Should this freeze come, the Big Apple would be the first major city to pretty much regulate the industry, with the obvious questions of why, how and whether growth, innovation and demand should be truncated in such fashion. Innovation fosters growth, growth fosters innovation. Does this fix the problem?

New York 101

New York New York City Regulation Industry 101

PYMNTS

JULY 11, 2017

The basis of innovation is not the desire to create something new or even the inspiration to do so. Innovation occurs where there is a problem and a person with the tools to solve it. Anyone can have a good idea,” Lowthers said; innovation is about what you do with it. PYMNTS: Where do you look for innovative ideas, and why?

Innovation 101

Innovation social media Security Leadership 101

PYMNTS

JUNE 24, 2020

The B2B firm said it works with “leading money transfer operators, mobile wallet operators and financial institutions to facilitate digital transactions without borders,” and is regulated in more than 45 countries around the world.

Payments 243

Payments Fintech Course Operations 243

PYMNTS

SEPTEMBER 27, 2018

So it is in B2B, where activity crosses borders and currencies, and where regulations shift without the benefit of regularity. Judicious decisions — who to pay and when — mean firms operate with efficiency. For these professionals, technology and financial innovations can dovetail to help decision making, sometimes even in real time.

Payments 145

Payments blockchain Course Regulation 145

NCR

APRIL 27, 2018

Many in the banking industry have recently highlighted Africa as a part of the world that has huge untapped potential for the development of innovative financial services products. Keeping up with the pace of innovation. Tanzania, for example, has permitted this for three years. However, other nations still ban the practice.

Innovation 56

Innovation Regional Regulation Mobile 56

PYMNTS

JANUARY 28, 2019

Yes, I know that for many of you, especially in California, this is old news and standard operating procedure – but hear me out. Of course, it’s not the money – after all, it’s only a dime – but it’s the extra hassle at checkout. And then regulators are forced to backtrack. Innovation by Any Other Name.

Regulation 181

Regulation Boston Cards Innovation 181

PYMNTS

AUGUST 14, 2017

The regulators in Europe piled a $2.7 I wrote a whole piece about this several weeks back, where I did a bit of my own piling onto the EU for the reality-challenged arguments behind the fine and its new regulations of Google. You don’t even need to be an antitrust expert to get that this is a baseless claim. Survival of the Fittest.

Innovation 109

Innovation Online Google Millennials 109

PYMNTS

SEPTEMBER 10, 2019

The Geneva-based, Facebook-led Libra cryptocurrency will have to adhere to stringent regulations, Reuters reported on Tuesday (Sept. Under Secretary of Terrorism and Financial Intelligence Sigal Mandelker told Geneva reporters that all cryptocurrency projects operating in the U.S.

cryptocurrency 109

cryptocurrency blockchain Meeting Regulation 109

PYMNTS

JANUARY 3, 2020

Payments, of course, have always been important, but the new decade promises to be something else entirely. As you can imagine, digital disbursements stand as one of the main areas of innovation and disruption for the practice of payments going forward. 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

AUGUST 3, 2018

Department of the Treasury report on how to encourage more FinTech, payments executives were mulling over the report, wondering if it would lead to any concrete improvements and giving their ideas to PYMNTS about how to best improve payments innovation and entrepreneurship. FinTech Improvements. Additionally, the report calls upon the U.S.

Fintech 115

Fintech United States Regulation Innovation 115

Abrigo

NOVEMBER 17, 2023

This , of course , doesn’t include fraud losses that were not filed due to the victim's embarrassment or lack of knowledge on how to report. Additionally, the human capital investment—in terms of both hiring fraud prevention experts and training existing staff—represents a significant operational expense. financial s ystem.

Fraud 195

Fraud Training Trends Compliance 195

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. It is likely that regulators will soon ask banks to come up with a plan. Pacific Time.

Conference 195

Conference Payments Fraud Data 195

PYMNTS

DECEMBER 11, 2019

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. Regulators the world over are beginning to take a closer look at the alternative and marketplace lending business model.

Fintech 144

Fintech Lending Regional Regulation 144

PYMNTS

JULY 23, 2018

Chief Operating Officer Juan Higueros told PYMNTS.com in an interview. The specter of the robot also, of course, draws in customers. That serves the dual purpose of delivering a consistent product that matches the customer’s expectations, while also increasing food safety by meeting regulations.

Innovation 100

Innovation California Examples Groups 100

PYMNTS

SEPTEMBER 20, 2018

European regulators this week continued to show their love, respect and admiration for U.S.-based Assuming that caught your attention, here’s the real story: It’s shaping up as a busy week for regulators in Europe (including Turkey, which for purposes of this article, qualifies as Europe). based tech firms operating there.

Google 124

Google social media Regulation Course 124

PYMNTS

JULY 17, 2019

“They leapfrogged all the traditional mechanisms and went straight to mobile adoption and biometrics , and that has a significant impact on how the digital identity market operates there, how people respond to it, and what their expectations are,” Cohen told Webster. Europe’s General Data Protection Regulation springs to mind.).

Course 185

Course Regional Policies Data 185

PYMNTS

JANUARY 22, 2019

Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google , which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising. 70 percent.

Payments 195

Payments Regulation Security Data 195

PYMNTS

OCTOBER 7, 2019

Securities and Exchange Commission (SEC) is seeking to “modernize” the regulation of exchange-traded funds (ETFs) in a bid to make those investment vehicles more innovative, and give them quicker entrance to the market. Crypto prices, of course, have been nothing if not volatile.

cryptocurrency 134

cryptocurrency Bitcoin Regulation Retail 134

PYMNTS

JANUARY 21, 2019

That was the day that an advocacy group, Financial Innovation Now (FIN), submitted a public comment letter to the Fed in response to its proposal to create and operate a real-time payments system in the U.S. It flew in on Dec. 14, the Friday before the week before Christmas, so you might not have noticed. Could it be better?

Payments 194

Payments System Innovation Cards 194

PYMNTS

JANUARY 15, 2019

central bank, is getting a bit worried about sharing some of the financial infrastructure with tech upstarts such as OnDeck Capital and Kabbage , a sense of caution that the newswire said puts the bank “at odds with other regulators looking to bring [those firms] into the fold.”. Reuters reported early Monday (Jan.

Fintech 148

Fintech St. Louis System Regulation 148

PYMNTS

JUNE 14, 2019

Florida governor Ron DeSantis has signed a bill that allows autonomous cars to operate on the roads without requiring a human being to be behind the wheel, according to reports. Also, there’s a requirement for a $1 million insurance policy for death, injury and property damage for cars that operate as taxis.

Florida 154

Florida San Francisco Michigan Texas 154

PYMNTS

SEPTEMBER 17, 2020

Earlier this year, as noted by PYMNTS , the bank said it “established a small in-house Innovation Lab as a way to strengthen engagement with, and understanding of, new and emerging technologies that are relevant to its policy and operational responsibilities.”

Policies 181

Policies Boston Examples ATM 181

PYMNTS

MAY 13, 2016

Of course, that’s just what comes with the territory. Of course, when the former commissioner, Bart Chilton, says bitcoin, he’s talking blockchain and all digital currencies. Because he believes there should be proper protection and regulation over them. Promoting bitcoin. So, why digital currencies? Fair point.

Bitcoin 100

Bitcoin blockchain Regulation Operations 100

Insights on Business

JULY 11, 2018

Technological innovation is a reality that is impacting every facet of society. The key technologies at play are artificial intelligence techniques and enterprise scaled automation that impact every layer of the financial crime detection process from data acquisition to operations.

Technology 185

Technology Innovation Operations Compliance 185

PYMNTS

AUGUST 14, 2019

But a delay is not really a break – it just means more time for important work to be done, and for businesses and regulators to figure out what really works in the SCA space. Operational Concerns. Of course, it’s all still a work in progress – and tied to a relatively tight deadline. SCA, slated to begin on Sept. a password).

Compliance 115

Compliance Tools Regulation Meeting 115

PYMNTS

JANUARY 28, 2020

The problem often stems from the environment in which they are operating — one that can put the brakes on innovation, even when innovation is key to thriving. But that’s not the whole story, of course. They are heavily regulated and require heavy investment,” both in terms of capital and human resources.

Fintech 169

Fintech Digital Strategies Mobile Resources 169