Digital Banking Fraud Guidelines Operations 
PYMNTS
SEPTEMBER 23, 2020
Banks in the EU have been racing to comply with the General Data Protection Regulation ( GDPR ) and the revised Payment Services Directive ( PSD2 ) since both measures were enacted in 2018. at least for Germany and Europe, the regulation is well-defined [for banks],” Schmidt said. Coming back to ‘What is the compliance aspect?’
PYMNTS
OCTOBER 14, 2019
Money laundering and similar forms of fraud have become more concerning for FIs as reports of cybercrime circulate globally. Recent scandals involving Deutsche Bank and Swedbank have made consumers reconsider their trust in FIs, many of which are scrambling to keep fraudsters out and bring consumers back. financial regulations work.
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PYMNTS
JUNE 26, 2020
Digital banking has become the new normal as social distancing guidelines and stay-at-home orders have drastically curbed financial institutions’ (FIs’) abilities to conduct in-branch services. Online account openings increased by more than 200 percent in April, while all mobile banking traffic rose by 85 percent.
PYMNTS
MAY 25, 2020
The ongoing COVID-19 pandemic is significantly affecting everyday life, with more than one-third of the world’s population subject to social distancing guidelines, stay-at-home orders or other regulations to prevent the virus’s spread. The risk of infection is not bank customers’ only concern during the outbreak, however.
PYMNTS
MAY 27, 2020
The ATM has emerged as one of CUs’ most important tools in this member engagement effort, in fact, with many investing in digitally-enabled ATM kiosks that provide members with on-demand videoconference consultations and a full range of digital banking services. Deep Dive: Offering An End-To-End Customer Experience Through ATMs.
PYMNTS
SEPTEMBER 28, 2020
The ongoing pandemic has caused many regulators in the MENA region to examine the digital and open banking infrastructure they have in place. The aim of doing so is to create a more robust framework for digital banking. The country’s Data Protection Law was announced in 2019 and officially came into effect in July 2020.
PYMNTS
OCTOBER 27, 2019
The announcement of the blockchain-based solution comes in the wake of Mastercard outlining guidelines for blockchain development earlier this month. Those guidelines include the need for consumer protection and regulatory compliance. This will help to lower operational costs and investigation expenses,” she told Webster.
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