article thumbnail

In The UK (And Beyond), Taming The Crypto Wild West Through Regulation

PYMNTS

This includes customers who meet the definition of a politically exposed person.”. In addition, any firms that carry out crypto asset related activity within the scope of the FCA’s regulations must register with the authority before conducting business. Final determination on that proposed ban could come early this year.

article thumbnail

10 NBFI AML Compliance Essentials

Abrigo

Takeaway 2 NBFIs should ensure their AML programs are sound and pass the scrutiny of FinCEN and their primary regulators. Branch networks and banking hours have been replaced with mobile banking and user experience as important decision criteria in choosing financial relationships. Regulations & Guidance Forthcoming.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Goldman Sachs OKs Subprime Applicants For Apple Card

PYMNTS

iPhone users within the range of responsible lending and regulations, per the sources. The move is said to follow the desire of the technology company to offer its clients a good user experience. Apple reportedly wanted its bank partner to create a platform that would approve the most possible U.S.

Apple 156
article thumbnail

Open Banking Meets Instant Payments At The Online Checkout

PYMNTS

Last week marked the third anniversary of PSD2 , the regulation that launched open banking in the U.K. It is definitely getting very cluttered. PayDirect is higher-converting, primarily because it just has a much better UX (user experience) than online card payments or bank transfers,” he explained. and Europe.

Online 300
article thumbnail

Innovating in the open: How the changing GRC landscape inspired IBM GRC’s latest releases in 2018

Insights on Business

Stories of improper conduct, and new regulations on data protection and privacy such as GDPR, continued to dominate the business headlines, moving from water-cooler conversation to “what about us?” Organizations in financial services and other sectors witnessed an increase in “airtime” given to risk and compliance issues at the board level.

article thumbnail

Online Gambling: Why Disbursement Options Are Not Keeping Up With Customer Expectations

PYMNTS

This definitely would be extremely good and also extremely safe for U.S. You deposit with your card and then the money goes back to the card you used, so [the method] will have a double effect of reducing potential fraud and [improving] user experience.”. “Today in Europe, we have that [and] it is working well.

Online 142
article thumbnail

The Rise Of ‘Intelligent Engagement’ In Corporate Banking

PYMNTS

And in that evolution, DeLuca explained, software has moved from systems that simply kept records or initiated transactions toward systems that deliver an enhanced, more engaging experience. FinTech firms like Bottomline have invested in user experience (UX), user interface (UI), usability and, of course, data management.