Bussman Advisory

JUNE 30, 2022

We offer advisory services for the executive team and in-person or virtual courses with tailored topics. The post Most prominent crypto hedge fund just defaulted on a $670m loan | EU agrees on crypto landmark regulation | The war for tech talents is only beginning appeared first on Bussmann Advisory AG.

Regulation 52

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PYMNTS

JANUARY 29, 2020

Facebook reported a 51 percent spike in its costs and expenses for the full year 2019 — that increase coming as the social media platform faces more questions from regulators and policymakers about its present and planned endeavors. 29), and reported that total costs and expenses hit some $46.71

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PYMNTS

DECEMBER 24, 2020

It all depends on how you look at it — and where you look, of course. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. And, of course, the crypto landscape extends well beyond bitcoin. Of course, it’ll take some time to get there if we do. Dollars Done Digitally. Still, a new year dawns.

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South State Correspondent

APRIL 23, 2023

Analysts, regulators, legislators, and bankers have been attributing the root cause of SVB’s failure in the past month. Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run.

Management 195

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PYMNTS

SEPTEMBER 11, 2019

The social media giant wants to move forward and launch Libra in June despite global questioning and hesitation. We are engaging in constructive dialogue with FINMA and are encouraged to see a feasible pathway for an open-source blockchain network to become a regulated, low-friction, high-security payment system.”.

Payments 182

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PYMNTS

MAY 17, 2019

EU Competition Commissioner Margrethe Vestager said breaking up social media giant Facebook would be a last resort, according to a report by Reuters. Of course it would be a remedy of very last resort. politicians and a Facebook c-founder speaking out in favor of dismantling the company. “Of

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PYMNTS

MAY 29, 2018

The latest episode had French President Emmanuel Macron telling executives from major technology companies — including Facebook, Microsoft, Intel and IBM — that innovation needs to be accompanied by tough regulations and societal contributions. “I technological might when it comes to social media, eCommerce and the digital world.

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social media US Regulation United States 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). European Investment.

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Google social media Regulation Course 124

PYMNTS

FEBRUARY 12, 2019

The panel recently summoned Jack Dorsey , CEO of Twitter, to come and talk about how to protect citizens’ rights on social media and other online platforms. With elections in the country coming up in May, social media outfits are facing more scrutiny while Prime Minister Narendra Modi campaigns for another term.

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PYMNTS

SEPTEMBER 11, 2019

Treasury official Sigal Mandelker, who serves as undersecretary of the Treasury for Terrorism and Financial Intelligence, said cryptocurrencies that operate anywhere in the United States will have to comply with regulations that target fraud. The request asks how the coin might be classified and regulated under that country’s rules.

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social media cryptocurrency Regulation United States 116

Banking 2020

DECEMBER 18, 2014

Of course, that hasn’t stopped supporters and critics alike from flooding the airwaves and social media channels with their opinions. The change in regulation as laid out in the spending bill for 2015 has to do with the area loosely described as loan swaps. Insights bailout regulation' Now, that measure is gone.

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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. Social media scams account for the highest losses and are higher than any other fraud typology , at a reported half-billion total loss. That equates to $35 billion annually.

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PYMNTS

JULY 1, 2019

As noted in this space last week, the regulator who helms Germany’s Federal Cartel Office said that cryptos – in particular, those brought by large technology firms – should be examined by regulators over antitrust concerns. In Italy, the country’s data protection regulator fined Facebook the equivalent of $1.1

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PYMNTS

NOVEMBER 1, 2018

Chinese internet group Tencent Holdings wants to expand into industries such as healthcare and connected cars as it faces tougher regulations in its home country. In September, China’s largest social media and gaming company announced a major restructuring for the first time in six years.

Industry 116

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South State Correspondent

APRIL 19, 2023

Focusing on uninsured deposit performance is a hot topic among investors, analysts, and regulators. Apply further rising rates, social media amplification of rates or risk, general sensitivity to safety, greater competition, or a credit shock to the deposit holding institution. The average life numbers shrink dramatically.

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PYMNTS

NOVEMBER 21, 2017

What’s more, it removed its social media footprint from the internet, which included shuttering its Twitter, Facebook, Reddit and Medium accounts. This isn’t the first cryptocurrency company to go under during the course of the last several weeks.

Bitcoin 118

Bitcoin social media cryptocurrency Security 118

PYMNTS

NOVEMBER 7, 2018

Earlier this month it was reported that the company wanted to expand into industries such as healthcare and connected cars as it faces tougher regulations in its home country. In September, China’s largest social media and gaming company announced a major restructuring for the first time in six years.

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PYMNTS

AUGUST 12, 2016

2015 to create a completely different kind of bank, said it is now authorized and regulated by the Financial Conduct Authority and Prudential Regulation Authority. In a blog post , Mondo, which launched in Feb. Today’s announcement means we have a banking license with restrictions. With the app, U.K.

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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. We will continue to monitor developments in this area and bring them to you as they occur.

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PYMNTS

APRIL 8, 2016

Over the course of several decades, fashion advertisers have cultivated a very particular look for the models showing off their products. The real changing factor here is social media has changed the visual dialogue,” Foyle said. “We

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PYMNTS

JUNE 19, 2018

The time for “wait and see” is running out when it comes to new European privacy regulations. Soon enough, the financial and consumer impacts of the General Data Protection Regulation (GDPR) will become clear enough that companies that took a laggard’s approach may start to feel significant pain.

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PYMNTS

APRIL 2, 2018

Here in the United States, tax season looms, of course, which may put additional pressure on cryptos. The specific directive from William Galvin, the state’s head securities regulator, commands that those firms abandon the sale of what have been termed “unregistered securities.”

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PYMNTS

AUGUST 4, 2020

For example, Phalen said they need support at the community level in the form of relaxed regulations to turn streets into outdoor cafes. And of course, they also need customers’ support. And we’re glad to see more digital advertising and using social media to drive their agendas.”. What Comes Next.

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PYMNTS

AUGUST 24, 2019

Bundled sports broadcast packages, social media and high-definition televisions allow them to enjoy games from the comfort of their living rooms. Revenue for the online sports betting market is predicted to reach $150 billion, making it likely that even more states will follow suit with regulations of their own.

Payments 161

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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.

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PYMNTS

MARCH 5, 2018

The pomp, the pageantry — and, of course, the glamour. So, for this week’s Data Dive , we thought we would hand out some “trophies” of our own — metaphorically speaking, of course. And the winners are…. Best Picture — Payments Innovation. Best Taking a Stand — DICK’S, Bank of America, Kroger, BlackRock, Delta, United (etc).

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PYMNTS

MARCH 22, 2019

Much hype and hope surrounds the adoption of cryptocurrencies — bitcoin among them as the marquee name in the space, of course — beyond the Wild West of speculative trading that exists now. Regulators are investigating whether the company overstated its investment in small business lending firm QuarterSpot.

Bitcoin 123

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PYMNTS

MARCH 13, 2019

As reported Wednesday (March 13), Spotify , the music streaming juggernaut, has filed an antitrust complaint in Europe against another tech giant with a foothold in music streaming – that would be Apple, of course. For Apple, the complaint is the first one that has come to the EU and is focused on the App Store.

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Independent Banker

SEPTEMBER 30, 2021

If you want to develop trust on social media, you need to be there when your customers need you.”. Use social media to build trust. Here are her tips for building trust on social media: 1. Hill rarely uses social posts to highlight bank products or services. That makes building the trust easier.” —Ed

Community 139

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PYMNTS

JUNE 25, 2018

The technical capabilities can be dizzying and dazzling, of course, spanning the gamut from machine learning to artificial intelligence (AI), to predictive modeling. To no surprise, the regulatory landscape is becoming ever onerous, with little room for error.

Risk Management 167

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PYMNTS

APRIL 19, 2019

That’s because Strong Customer Authentication (SCA) is on the way in September, but as has been seen with other sweeping changes mandated by regulators and impacting the very way payments are made, lots of folks are not paying attention. And perhaps more than $100 billion in lost sales. Facebook: Data as a weapon?

social media 125

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PYMNTS

AUGUST 23, 2018

Sure, the social media platform said it lost one million active users from Europe after the General Data Protection Regulation (GDPR) took effect on May 25, tightening privacy regulations and making it more difficult for online advertisers to target consumers. Don’t cry for Facebook. Compliance Trends.

Online 101

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PYMNTS

NOVEMBER 20, 2017

For banks and processors, commerce means customers, of course, transacting across time zones, business verticals and currencies. Hennessy noted that regulators at both the federal and state levels are refocusing on consumer protection. Call it connected commerce of a different stripe. It’s not just buyer and seller.

social media 124

social media Examples Regulation Management 124

PYMNTS

MAY 9, 2017

In an interview with PYMNTS’ Karen Webster, Ralf Ohlhausen, business development director at PPRO Financial, said, “From the outset, none of the banks would have been very excited about the prospect of letting third parties access their customer data, which is quite understandable of course.”

Data 135

Data Security social media Innovation 135

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. The tally stretches a bit, as more than a third of firms seek to spend at least that amount through the end of the year.

Compliance 102

Compliance social media Study Data 102

NCR

MARCH 1, 2016

That’s why some of us from Banking.com will be attending, and even actively participating in, the Bank Social Media Conference , which is set for April 7- in Newark, N.J. On the one hand, social media within retail banking is still in its infancy, yet it’s raging with innovation and experimentation (at least when budgets allow).

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PYMNTS

JANUARY 28, 2019

And last week in payments and commerce was particularly drizzly — between real money launderers making use of fake video game funds, regulatory fines and earning fumbles, all kinds of players were reaching for their umbrellas over the course of the week. And Mastercard wasn’t the only big brand feeling the sting of European regulators wrath.

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