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Will 5G Be Secure Enough During Early Deployments?

PYMNTS

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?

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Singapore Reforms Laws For FinTech Push

PYMNTS

Singapore is preparing for a FinTech revolution. The small nation is making a big push in support of FinTech innovation by reforming its payment laws. “It would also give MAS the flexibility to address emerging risks such as cyber security, interoperability, technology, and money laundering and terrorism financing. .

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Inside China’s Cyber, Financial Regulatory Changes And Challenges

PYMNTS

The country’s government and regulators are keeping pace with those in the European Union and the U.S. Foreign firms and regulators tend to think of Chinese laws as either too strict, wide-reaching or lax — perceptions that have failed to keep up with local regulations’ developments. “In Confronting the Chinese Privacy Myth .

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Banks and fintechs – how should they collaborate?

NCR

These financial technology, or fintech firms, have often been seen as a threat to legacy players, but there’s an increasing recognition that they can also present huge opportunities, if banks are able to effectively collaborate with them. Fintechs are more agile, higher risk tolerant and closer to what consumers want.

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FTC seeks comment on proposed amendments to safeguards and privacy rules

CFPB Monitor

The Safeguards Rule requires financial institutions to have a comprehensive information security program. The proposed rule amendment will more clearly define the requirements for such information security programs. The expansion includes “finders” or those who charge a fee to connect consumers looking for a loan to a lender.

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How RegTech is Improving Efficiency in the Financial Services Industry

SWBC's LenderHub

Regulatory technology, or RegTech, was developed in the wake of the FinTech revolution and has been continuously expanding since the financial crisis of 2008. Experts predict it will rapidly advance the regulatory landscape by offering technological compliance solutions for the highly regulated financial services industry.

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CSBS Launches Three Online Tools for the Financial Services Industry

CFPB Monitor

The creation of this portal allows financial service industry regulators across the country to compile regulatory guidance in one centralized location, making it easier for both regulators and the industry to identify and maintain best practices in their businesses.

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