Bank Innovation

SEPTEMBER 27, 2017

Fintechs are partnering with banks, banks are using blockchain technology, artificial intelligence, and cryptocurrency and financial regulation is still undergoing massive changes. 2017 has been a […].

Innovation 360

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PYMNTS

OCTOBER 16, 2018

In the coexisting — and sometimes colliding — worlds of FinTech and traditional financial services, a bit of collaboration often evolves. As reported by Bloomberg , the regulator at the helm of Singapore’s financials has embraced an effort to “bring together” FinTech firms and banks there.

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PYMNTS

SEPTEMBER 23, 2020

Financial crime is a pervasive threat to banks, credit unions, FinTechs and other financial institutions (FIs) the world over. Some fraudsters are even impersonating government officials and asking for personal information for stimulus payments, for example, while others are targeting cryptocurrencies. British banks spend upward of £6.7

Technology 208

Technology Report Fraud Study 208

PYMNTS

APRIL 29, 2020

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. ius noted, this is often because the heart of the cryptocurrency industry is often at odds with the nuances of regulation.

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PYMNTS

AUGUST 21, 2019

The Banking & Payments Federation Ireland said it had established a FinTech Foresight Group — further evidence of collaborations between traditional financial institutions and tech upstarts. That series will focus on global technology trends across financial services and how FinTechs and banks can work together across those efforts.

Fintech 174

Fintech Guidelines Policies Regulation 174

PYMNTS

SEPTEMBER 12, 2019

billion — 91 percent — of those penalties, while European regulators demanded $1.7 FinTechs could face these same financial pains as regulators increasingly demand that they follow the compliance rules to which FIs must adhere. The growing prevalence of cryptocurrencies is also complicating the finance sectors’ security efforts.

Fraud 189

Fraud Fintech Compliance Regulation 189

Gonzobanker

NOVEMBER 22, 2022

Well, Gonzobankers, the smart, idealist and self-declared revolutionary crypto kids just bought themselves a future of regulation — intricate, overbearing, and frustrating regulation, and regulation that the market will now demand. Welcome to adulthood, y’all. What’s Next? But please, don’t get cocky.

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Abrigo

MARCH 11, 2022

Expert insights on 10 regulatory topics that NBFIs should consider this year Review this list of what regulators are looking for in 2022 to help your NBFI pass exams with flying colors. Takeaway 3 NBFIs should review common deficiencies in AML programs that regulators are citing and fix issues before their next audit or exam.

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Abrigo

MARCH 7, 2022

Experts weigh in on regulatory hot topics for 2022 Review these 10 insights into what regulators are looking for in 2022 to help your financial institution pass exams with flying colors. Takeaway 1 Regulators have increased their focus on BSA in the first quarter of 2022, and the crisis in Ukraine will put OFAC in the spotlight.

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cryptocurrency Regulation Fraud Policies 195

PYMNTS

OCTOBER 16, 2019

The governor of the Bank of England said he doesn’t think new financial technologies (FinTechs) will cause central banks to be obsolete. The fact is that the financial system … is the most heavily regulated part of the economy. He said that regulation is an important aspect of the field.

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PYMNTS

DECEMBER 24, 2020

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. Building The (Retail) Use Cases.

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Chris Skinner

JULY 29, 2019

I have this debate often: Why governments will fail to block the emergence of cryptocurrencies such as Bitcoin Can you have decentralised exchange without centralised control? Is the world being democratised through technology? How do governments regulate a networked world? A world without money A world without government? …

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PYMNTS

DECEMBER 12, 2019

The China Securities Regulatory Commission , China’s security watchdog, is setting up a technology regulation bureau and will announce Yao Qian as its new department chief, the Chinese business publication Caijing said on Wednesday (Dec. 11), as reported by Coindesk.

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PYMNTS

OCTOBER 9, 2019

The Bank of England’s (BoE) Financial Policy Committee (FPC) has laid down a set of strict rules that Facebook’s Libra and other cryptocurrencies must follow in order to do business in Britain, Reuters reported on Wednesday (Oct. Regulations include transparency that shows economic fortitude.

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PYMNTS

JULY 21, 2020

Crypto boosters have spent the better part of the past decade promoting the idea that great fiat-currency disruptions are coming care of blockchain and literally hundreds of thousands of variations of cryptocurrency circulating in the world today. Or at least they didn’t until now. Crypto’s Path To Spendability.

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PYMNTS

FEBRUARY 13, 2019

South Korean cryptocurrency exchange Bithumb announced the launch of its own fiat-to-crypto exchange in the United Arab Emirates (UAE) with UAE-based firm Nvelop. While European blockchain technology companies saw a record year in VC investment in 2018, new data shows that they still didn’t receive as much funding as FinTech companies.

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blockchain Fintech Bitcoin cryptocurrency 128

PYMNTS

JANUARY 18, 2022

The CEO and CFO of the BitMEX cryptocurrency derivatives exchange announced today that they have reached an agreement to purchase a 268-year-old German bank in order to establish “a one-stop shop for regulated crypto products in Germany, Austria, and Switzerland.”. user ban.”.

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PYMNTS

MAY 6, 2020

Irish bitcoin ATM operator Boinnex found itself facing roadblocks from Allied Irish Banks (AIB), which shut down its account and said it didn’t want to deal with an unregulated form like cryptocurrency, according to CoinDesk. Cryptocurrency still isn’t recognized by the Central Bank of Ireland as a legitimate form of payment.

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Bitcoin cryptocurrency ATM blockchain 175

FICO

DECEMBER 17, 2020

Cryptocurrency exchange rates have skyrocketed in the past month. As digital currencies grow, criminals are taking advantage of the emerging technology. According to a recent report , the total of cryptocurrency related frauds and thefts stands at a staggering $7.69b. This includes $2.8 This includes $2.8

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PYMNTS

SEPTEMBER 6, 2018

The top of any FinTech’s to-do — and to-keep-doing — list. The age of technology is, of course, well upon us, with Software-as-a-Service (SaaS) a key conduit to making sure that at least some business operations — once the province of spreadsheets and reams of paper — can be streamlined. Take cryptocurrencies, for instance.

Compliance 133

Compliance Fintech Regulation Knowledge Base 133

CB Insights

JUNE 29, 2020

Fintech funding stalled amid the Covid-19 pandemic as investors largely pulled back. Free Download: State of Fintech q1’20. Companies braced for the long-term impacts of Covid-19 as Q1’20 was one of the worst quarters in 2 years for VC-backed fintech. What does the fintech funding landscape look like at the moment?

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Fintech Regulation cryptocurrency Policies 101

PYMNTS

MARCH 6, 2018

s exit from the bloc next year, the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region. According to news from Reuters , a document by the European Commission revealed that the law would enable the FinTech sector to grow through crowdfunding and common blockchain technology standards. “An

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PYMNTS

JULY 4, 2018

FinTech startups and big tech may provide competition for established banks that have bad loans on the books, The European Banking Authority (EBA) said on Tuesday (July 3). In addition, the EBA said banks might be burdened with old technology, Reuters reported. s exit from the bloc next year.

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PYMNTS

DECEMBER 20, 2018

Adoption of cryptocurrency by large fund managers is being hurt by the difficulty cryptocurrency exchanges and traders located in Asia are having trying to get insurance to protect against hacks and theft. Regulators have yet to develop policies over how digital tokens trading should work and who can engage in it, reported Reuters.

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PYMNTS

OCTOBER 29, 2019

The rise of blockchain technology was accompanied by that of cryptocurrencies, but innovation in blockchain technology does not mean we should speculate in virtual currencies.”. Two years ago, Chinese regulators banned cryptocurrency and trading exchanges.

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CB Insights

SEPTEMBER 13, 2021

Mastercard , a global fintech platform, acquired CipherTrace , a blockchain analytics and cryptocurrency intelligence software provider, for an undisclosed amount. The technology offers services such as blockchain forensics, anti-money laundering, and compliance monitoring, among others. Who are the parties to the deal?

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Payments Source

NOVEMBER 13, 2018

Policymakers and industry officials should join forces in creating regulations and standards for cryptocurrencies, artificial intelligence and other innovations before they become more widespread.

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Financial Technology Technology cryptocurrency Regulation 61

PYMNTS

OCTOBER 11, 2018

CipherTrace Chief Executive Officer Dave Jevans told Reuters, “the regulators are still a couple of years behind because there are only a few countries that have really applied strong anti-money laundering [AML] laws. The organization noted that digital currencies are not an effective store of value, unit of account or payment means.

Bitcoin 182

Bitcoin cryptocurrency Regulation blockchain 182

PYMNTS

DECEMBER 8, 2020

Nonetheless, Many FIs are looking to simplify and secure their onboarding procedures while also enabling customers to stay safe during the pandemic, leading them to seek out innovative technologies to do so. Brazil-based facial recognition and identification technologies provider Acesso Digital recently reported that more than 5.2

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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.

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PYMNTS

MARCH 22, 2018

In an effort to lure more FinTechs its way, France is working on a regulatory framework that would enable startups to raise funding via cryptocurrencies. The idea is to make France a global hub for ICOs, Le Maire wrote in the letter, noting it would make the cryptocurrency market — and as a result, ICOs — more legitimate.

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cryptocurrency blockchain Regulation Bitcoin 134

CFPB Monitor

JULY 17, 2019

As readers of our blog know, our consumer financial services group has been at the forefront of legal developments involving new technologies. Our Banking and Financial Services and Retail industry groups add further depth and specialized knowledge.

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PYMNTS

JANUARY 7, 2020

For a country that is striving mightily to go digital when it comes to financial services, it may be a bit curious that Qatar has seemingly put the brakes on cryptocurrencies. As reported by the Gulf Times , the Qatar Central Bank adopted new regulations in December that focus on combating money laundering and terrorist financing.

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PYMNTS

MAY 18, 2018

JPMorgan , it seems, is underway with inching into cryptocurrencies. ” The first executive named to the role is Oliver Harris, who had been at the helm of the “in residence” program for FinTech startups. .” Fortune noted that the newly-minted role will be responsible for bringing cryptocurrency projects to market.

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cryptocurrency Bitcoin blockchain Regulation 137

Bank Innovation

NOVEMBER 14, 2017

The finance landscape is witnessing some significant changes and disruptions due to fintech companies, blockchain technology, and AI. Here is a […].

Innovation 284

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PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations. community banks and small business lending.

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PYMNTS

DECEMBER 29, 2020

Whether it’s simple online purchases or banking, or more complex areas like cryptocurrency or money laundering, Trevor Wingert , a senior know your customer (KYC) and anti-fraud solutions consultant for GeoGuard , told PYMNTS that rapidly changing use cases and technology highlight gaps in the current security approaches being used.

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