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Inside China’s Cyber, Financial Regulatory Changes And Challenges

PYMNTS

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. The country’s government and regulators are keeping pace with those in the European Union and the U.S. he remarked. “I

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The Surprises Edition: Ethereum, PayPal And The Fed

PYMNTS

But that is changing as more consumers in the region are embracing digital methods and purchase channels, and the payments industry is pegged to grow ten-fold to $500 billion by 2020. banking regulators need to pick up the pace in their efforts to confront the risks FinTech companies pose to the banking sector. “We

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Banks and fintechs – how should they collaborate?

NCR

With regulations such as PSD2 likely to create both risk and opportunities for banks, being able to work in close collaboration with fintechs will be vital to success. Fintechs are more agile, higher risk tolerant and closer to what consumers want. But not all banks are ready, or even willing, to do this.

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How Tough Will New York's Bank Regulator Be?

American Banker

Maria Vullo, still stuck in limbo as acting superintendent of the New York State Department of Financial Services, is hindered from putting her mark on the agency until she gets confirmed. So a quiet guessing game is going on about how her supervisory philosophy will compare with her predecessor Benjamin Lawsky.

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Will a Cyberattack Cause the Next Big Bank Failure?

American Banker

Regulators need to start paying attention to "denial-of-system" attacks as one of the triggers that could bring down a systemically important institution.

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Can Pacific Trade Deal Be Fixed to Banks' Liking?

American Banker

Big banks were seen as winners in the Trans-Pacific Partnership, but their support for the pact is in question as a result of their treatment in a data-related provision.

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Swift Says Attacks Are "Here to Stay:" Report

American Banker

The payments messaging network Swift has told its client banks that the threat of cyberattacks "is very persistent, adaptive and sophisticated — and it is here to stay.".

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