PYMNTS

APRIL 16, 2019

A German markets regulator has filed a complaint with prosecutors alleging that shares of Wirecard were manipulated by someone who potentially had prior knowledge of a forthcoming damaging article written by the Financial Times , according to Reuters. . Wirecard’s stocks fell after the Jan.

Regulation 116

Regulation Marketing Compliance Fraud 116

PYMNTS

OCTOBER 29, 2018

As a result of the passage and adoption of open banking regulations, like PSD2 in Europe, banks and other financial firms are sharing data more freely than ever before. The risk of attack can be mitigated by following a sound API architectural approach, one that integrates security requirements and tools into the API itself.

Security 192

Security Fraud Tools Data 192

PYMNTS

JULY 2, 2020

The president of the Federal Financial Supervisory Authority (BaFin), Germany’s financial regulator, said the $2.1 But EY, Hufeld and regulators are facing scrutiny over how the once high-flying company managed to escape the industry’s standard accounting rules. It is plain vanilla, old-fashioned criminal behaviour,” Felix Hufeld said.

Regulation 142

Regulation Fraud Report Community 142

PYMNTS

AUGUST 1, 2019

Investigators from the Federal Reserve carried out an inspection of Amazon ’s cloud in April as Washington looks into ways to regulate companies that provide the service. People familiar with the matter said the regulators were most interested in looking at Amazon’s resiliency and backup systems.

Regulation 108

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PYMNTS

SEPTEMBER 6, 2019

percent of sharing economy platforms require new users to verify their identities by submitting identification documents online. However, it’s fairly rare for a marketplace to ask returning users to provide identity documents when they sign back into existing accounts. Regulations and Compliance. How Do Platforms Authenticate?

Security 125

Security Data Online Regulation 125

PYMNTS

JUNE 7, 2018

As financial institutions grapple with compliance costs, a finance industry organization in Asia wants regulators to allow new technologies that could help them fight money laundering. It was the second major case new CEO Matt Comyn settled with regulators in a month, following an admission of rate manipulation.

Regulation 162

Regulation Fintech Examples Industry 162

PYMNTS

FEBRUARY 17, 2020

increased regulation over content delivered online through platforms may be on the horizon. This past week, Britain’s federal government said its media regulator, known as Ofcom, would be given new oversight to monitor and regulate material posted on the web by companies such as Facebook, Google and Twitter. In the U.K.,

Regulation 140

Regulation Google Operations Company 140

PYMNTS

DECEMBER 18, 2020

The new regulations, if adopted after a comment period, would require banks and some other institutions to obtain and report the identities of parties engaging in certain digital transactions, including payments involving what are called "unhosted wallets" – effectively secret bank accounts that hold cryptocurrency.

Bitcoin 354

Bitcoin US Regulation cryptocurrency 354

PYMNTS

SEPTEMBER 2, 2020

Hufeld’s comments come one day after the Bundestag announced it plans to hold an inquiry into regulators’ failure to prevent the biggest corporate fraud since World War II. But EY has said it was provided with false documentation and suggested Wirecard may be involved in large-scale international fraud.

Regulation 175

Regulation Fraud Report Examples 175

PYMNTS

APRIL 2, 2019

Securities and Exchange Commission ( SEC ) is joining the ranks of large organizations hiring for the blockchain, The Next Web reported. The listing notes that the specialist should apply his or her knowledge of “federal securities laws to digital asset securities and crypto matters.” 24 as it climbed to as high as $4,135.60

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Bitcoin Regulation cryptocurrency blockchain 108

PYMNTS

JULY 16, 2020

German market watchdog Federal Financial Supervisory Authority, or BaFin , has come under fire for its actions in the Wirecard scandal, as the regulator reportedly failed to investigate warnings about the payments firm and instead cast more scrutiny on accusers, The Wall Street Journal (WSJ) reported.

Report 169

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PYMNTS

JUNE 5, 2020

Such solutions can “empower people to control their financial well-being,” Andrew Davies, vice president of global market strategy and financial crime risk management at financial services technology company Fiserv , told PYMNTS in a recent interview. The federal entity is charged with monitoring the U.S.

Security 174

Security Fintech Data Fraud 174

PYMNTS

NOVEMBER 8, 2016

Given the staggering volume that comes through in the banking industry, it would follow that securing those accounts would be imperative, especially in the wake of the seemingly innumerable data breaches worldwide. The notion of using an electronic document, said Clark, has been “essentially embraced globally.”

Security 186

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Abrigo

NOVEMBER 9, 2020

Sound loan administration software or systems will generate accurate, timely information in a secure environment. However, effective loan administration solutions or systems will help lenders avoid the most common documentation- and data-related deficiencies found during examinations. stay informed.

System 195

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PYMNTS

MAY 16, 2020

According to various embodiments, cash may be removed from the markets in a frictionless manner and the payment ecosystem may be improved.”. But the company wrote in the document that under the system, users could “hold digital currency with the same denomination as the local physical currency (e.g., $100

System 320

System blockchain Regional Security 320

PYMNTS

AUGUST 28, 2019

It’s hardly news that consumers (along with regulators and politicians) are becoming increasingly focused on privacy and online security. These worries regarding connected vehicles are, in a broader sense, tied into larger security issues involving the Internet of Things (IoT) — to which all those cars and trucks will connect.

Security 119

Security System Operations Report 119

PYMNTS

SEPTEMBER 11, 2019

Nicolas Dinh , chief operating officer of year-old Canadian financial startup STACK , recently spoke with PYMNTS about the key forms of fraud that nascent mobile financial services firms face and how companies can leverage security technologies and partnerships to gain customers’ trust. Partnering With Established Players.

Security 113

Security Fraud Mobile Cards 113

PYMNTS

DECEMBER 23, 2020

The road to mainstream acceptance of cryptocurrencies will still have its bumps, its potential roadblocks set in place from regulators. At the heart of it all might lie a jousting existential in nature — namely, between the companies that create and issue cryptos and the agencies that regulate them.

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cryptocurrency Security Bitcoin Regulation 234

PYMNTS

SEPTEMBER 25, 2019

And it may be the case that in the tradeoff between convenience and security, companies would do well to start looking harder into whether identity verification efforts need to be stepped up a bit, even if that means injecting friction into the equation. But raising the bar higher for fraudsters can be an effective line of defense.

How To 189

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PYMNTS

DECEMBER 5, 2018

The funding will be used to hire staff, “build out our infrastructure and secure the appropriate steps are taken to develop a regulated market for digital assets,” said ErisX Chief Executive Officer Thomas Chippas, according to Reuters. A new document shows that the U.S.

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blockchain Bitcoin cryptocurrency Analysis 166

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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PYMNTS

DECEMBER 20, 2020

21) will file documents with securities regulators to allow a special purpose acquisition company (SPAC) it created previously to raise as much as $600 million through an initial public offering (IPO), Axios reported. Softbank on Monday (Dec. Moreover, Axios reported, Softbank is moving toward creating additional SPACs.

Report 217

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PYMNTS

SEPTEMBER 22, 2016

Know Your Customer regulations can mean corporations have to wait as long as three months — yes, months — to get onboarded to a new bank. “When we look at where the market is moving, clients expect to transact globally and to trade globally, to have a cash management account in Hong Kong and an FX trading accounting the U.K.

Regulation 100

Regulation Compliance Technology Payments 100

PYMNTS

JUNE 18, 2018

China will reportedly allow payments company WorldFirst to enter its financial services market, making the U.K.-based According to Yang, WorldFirst has been asked to provide documents to support its previous application to operate in China. based company the first foreign firm to do so.

Security 101

Security Payments Operations Report 101

PYMNTS

DECEMBER 10, 2020

the ability to send secure funds to 12 countries in Africa for a reduced fee, while Volante Technologies Inc. is accelerating market convergence for the Santiago Exchange. and Europe the ability to send secure funds to 12 nations in Africa for a reduced charge. Canada, Europe and U.K. Canada, U.K. Volante Technologies Inc.,

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Perficient

FEBRUARY 29, 2024

As new regulations come into play, embedded lending is becoming increasingly prevalent, highlighting the need for banks to leverage data analytics and automation effectively while ensuring compliance with regulatory standards. Debt Collections During times of financial difficulty, considered customer communications are essential.

Trends 221

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South State Correspondent

MAY 18, 2023

At this session, one of the rules was that you could not worry about constraints – You can’t mention budget, regulation, risk, or capabilities. Tate ingests currently approved documents and provides natural language answers to our employees. Poorly structured documents cause the bulk of generative AI inaccuracies.

US 195

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PYMNTS

NOVEMBER 3, 2020

3), stock exchanges in Shanghai and Hong Kong have suspended the looming IPO (initial public offering) in Ant Group, citing regulatory changes in the financial services landscape — and summoning executives including controller Jack Ma to meet with Chinese regulators at the China Securities Regulatory Commission.

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PYMNTS

JULY 9, 2020

The case’s purported victim had become a part of a Telegram group that had marketed a blockchain smart contract that could allegedly make a digital currency called Huobi Tokens, the digital currency of the Huobi exchange. It will also contemplate a block “to comply with a law, regulation or legal order from a duly recognized U.S.

Bitcoin 160

Bitcoin cryptocurrency blockchain Report 160

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.

cryptocurrency 195

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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.

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Abrigo

JANUARY 17, 2024

Understanding local markets and the individuals your bank serves is key to knowing your customers and ultimately being able to tell when something isn’t right. “Tellers are frontline workers in the movement to end human trafficking,” said Bellino.

Training 259

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PYMNTS

OCTOBER 29, 2019

The EU is looking even further into possible antitrust violations regarding Apple , with regulators trying to find out if online sales companies were ordered to use the tech giant’s mobile payment service instead of rival services.

Apple 100

Apple Regulation Mobile Online 100

PYMNTS

DECEMBER 3, 2018

In this case, we are talking about the global market for eCigarettes. Market Growth. According to one report , the global eCigarette and vaping market will reach $47.1 That said, lax authentication measures for the online sales could provide regulators with another reason to crack down on the market.

Online 177

Online Training Security Data 177

PYMNTS

MAY 18, 2016

In a 405-page document by the United Kingdom’s Competition and Markets Authority (CMA), a number of proposals came to light that would encourage more competition and reform in retail banking.

Retail 100

Retail Regulation Comparison Tools 100

Abrigo

OCTOBER 23, 2019

The spotlight from federal and state regulators continues to shine on the use of third parties, and the pressure for those vendors to meet regulatory guidelines has greatly increased. While AWS and Azure offer great options for businesses, they are not responsible for the security of the data. Get it in writing.

Risk Management 150

Risk Management Management Security Lending 150

PYMNTS

JULY 21, 2019

and state regulators, although the dollar amount could change depending on how many people file claims, the WSJ article said. Among the biggest hacks in history, the impacted data included names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers.

Data 156

Data Exercises Security Policies 156