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.,

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Regulation Google Operations Company 140

Perficient

FEBRUARY 29, 2024

Banking institutions are responding by integrating advanced technologies, particularly artificial intelligence and data analytics, into their lending operations to enhance efficiency and adaptability. The emergence of modern alternatives to traditional credit scoring signifies a broader movement toward financial inclusion.

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Trends Industry Analytics Compliance 221

Perficient

JUNE 5, 2020

Secure software practices are at the heart of all system development; doubly so for highly regulated industries such as health-care providers. As a best-practice it is recommended to adopt automation of certain security audits, integration of compliance oversight into key development process areas (e.g. Source Code Analysis.

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Compliance Security Software System 332

PYMNTS

JUNE 5, 2020

Providing robust services via mobile channels is especially important now, as the COVID-19 pandemic has caused businesses to operate remotely and consumers to stay at home as much as possible. The need to secure open banking has only grown as financial criminals have stepped up to exploit disruptions caused by the COVID-19 pandemic, he added.

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Security Fintech Data Fraud 174

Abrigo

NOVEMBER 9, 2020

Sound loan administration software or systems will generate accurate, timely information in a secure environment. A smooth, effective loan administration process is like the defensive line against unnecessary loan losses, given that it impacts operations from the time a loan is approved until it is off the bank or credit union’s books.

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System Lending Software Risk Management 195

PYMNTS

DECEMBER 8, 2020

. Traditional bank account opening methods have long involved visits to branches and face-to-face meetings with officials in which physical identification documents are presented. Jumio said the offering can reduce operational costs by as much as 90 percent, eliminate in-person visits and paper costs, and simplify archival processes.

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PYMNTS

JANUARY 26, 2021

In other news, European FinTech SIA is partnering with WizKey to create a platform to allow credit negotiations on blockchain for banks, financial operators and funds, according to a press release. Diokno, Philippines’ Central Bank (BSP) governor in the release.

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blockchain Guidelines cryptocurrency Marketing 244

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

AUGUST 28, 2019

It’s hardly news that consumers (along with regulators and politicians) are becoming increasingly focused on privacy and online security. According to one estimate, “about 50 million internet-connected cars operate on U.S. According to the tracker, the global IoT security market is expected to increase by a 35.5

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PYMNTS

OCTOBER 17, 2019

In today’s payments news, China has allowed PayPal to operate in the country with its purchase of a majority stake in GoPay. China has allowed PayPal to operate in the country with its purchase of a majority stake in GoPay. Also, Mastercard has outlined its intentions with blockchain following its high-profile Libra Association exit.

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Operations blockchain Payments Apple 100

PYMNTS

SEPTEMBER 21, 2020

The Financial Crimes Enforcement Network ( FinCEN ) uncovered government documents on how giant financial institutions move trillions of dollars in suspicious transactions, padding their bottom line, while terrorists, drug dealers and corrupt politicians are allowed to run free.

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Report North Carolina United States New York 279

PYMNTS

JUNE 30, 2020

However, the internal document hints that the firm’s client base was significantly less sizable and the revenue from it much more uneven, per the report viewed by FT. The Commercial Affairs Department (CAD) of Singapore has been looking into the company’s Singapore operations for 16 months.

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Regulation Report Operations Payments 222

PYMNTS

MARCH 29, 2019

Unfortunately, smoothly and securely connecting employers and freelancers from around the globe is no easy task. Gig work marketplaces must tackle these concerns on top of meeting various governments’ security and compliance regulations – and do so quickly, or they’ll turn their user base away. . Global Security .

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Security Video Fraud Tools 101

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.

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Security Fraud Mobile Cards 113

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

PYMNTS

JUNE 18, 2018

Reports in the South China Morning Post on Friday (June 15) said WorldFirst is about to receive its license to operate in Shanghai, according to Shanghai Financial Services Office director Zheng Yang. According to Yang, WorldFirst has been asked to provide documents to support its previous application to operate in China.

Security 101

Security Payments Operations Report 101

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. SPACs themselves have no business operations. Softbank on Monday (Dec.

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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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Lending Meeting Groups Regulation 199

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.

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US Training Examples Data 195

PYMNTS

AUGUST 3, 2020

The paper cited documents and “Italian legal sources” in its story about the organized crime syndicate ’Ndrangheta and CenturionBet, an online gaming company based in Malta. It is unclear whether the bank knew its services were being used to skirt anti-money laundering regulations, the paper reported.

Regional 362

Regional Online Fintech Regulation 362

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. According to Khosla, normally, banks in each jurisdiction would have to aggregate documents and information about their clients manually. ” Speed and regulation rarely go hand-in-hand.

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Regulation Compliance Technology Payments 100

PYMNTS

JANUARY 30, 2018

In corporate finance, the tool could upend the status quo of supply chain management, cross-border payments, invoicing and document sharing and more. Because so many developers are deploying blockchain for the purpose of enhanced security, the executive added, “ensuring the technology is glitch-free is critical.”.

blockchain 144

blockchain Security Software Tools 144

PYMNTS

SEPTEMBER 12, 2018

regulators turn down its plan to pay back customers who purchased auto insurance they didn’t need. In June, Wells Fargo submitted the plan to regulators as part of a $1 billion settlement it reached with the CFPB and the OCC. Reuters noted that there is no deadline for when the regulators need to sign off on the plan.

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Regulation Operations Fraud National 100

Abrigo

JUNE 19, 2022

Takeaway 1 The ELE tool for CECL from the Fed is aimed at reducing the operational burden of implementation ahead of the 2023 deadline. . And while regulators said some institutions would find the ELE tool useful for CECL, they acknowledged it did not represent a preferred method of regulators or a “safe harbor” method for GAAP compliance.

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Tools Regulation Data Resources 195

PYMNTS

DECEMBER 10, 2020

the ability to send secure funds to 12 countries in Africa for a reduced fee, while Volante Technologies Inc. and Europe the ability to send secure funds to 12 nations in Africa for a reduced charge. In today’s top payments news around the world, Xoom is now offering clients in the U.S., Canada, Europe and U.K. Canada, U.K.

Payments 178

Payments Google Technology Taxes 178

Independent Banker

APRIL 30, 2022

During the pandemic, many community banks needed to change how they operated. It can clarify roles and responsibilities, encourage timely communication and help community banks operate more efficiently. He also recommends not updating the resiliency document as only a “table-top exercise.” Poring over documentation.

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Oregon Community Bank Community Meeting 91

PYMNTS

NOVEMBER 6, 2018

The standards put forth by the PCI Security Standards Council – the PCI Data Security Standards – offer a framework for ensuring data security, and they must be followed in order to avoid fines and other penalties. PCI compliance is vitally important for businesses that process credit cards. Gearing up for GDPR.

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Compliance Data Security eBook 179

PYMNTS

JANUARY 23, 2020

These guidelines warn about security interference from a third country in the supply chain of 5G networks, as well as the dangers of relying on only one vendor. The document outlining the restrictions said that the EU countries must do a risk profile of their suppliers, and put hard restrictions on those that are high risk.

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Guidelines Security Operations National 131

PYMNTS

SEPTEMBER 24, 2020

The digital methods suit remote purchasing environments and offer security features that can make it difficult for fraudsters to use stolen card details. This is far from the only significant change to how AP departments operate, and many companies are also exploring digital tools for onboarding new vendors more smoothly.

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Report Payments Tools Video 269

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

JULY 26, 2020

Avanti Financial Group said in a press release that it has received permission from the Wyoming Division of Banking to begin operating in the state as a bank as early as October and plans to offer a real-time settlement solution for corporate treasurers. SPDIs may focus on traditional assets as well.”

Wyoming 153

Wyoming cryptocurrency Regulation blockchain 153

PYMNTS

DECEMBER 9, 2020

Developing a quick, seamless and secure onboarding process for financial institutions (FIs), lending startups and other financial services providers has long posed its trials. The process involves capturing a user’s live photo to compare alongside an official document, such as an Aadhaar card, which bears a unique, 12-digit ID number.

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Video Capital Lending Security 175

PYMNTS

JUNE 19, 2019

Matt Sample, VP of Manufacturing Operations at AmerisourceBergen , commented in a release that, “the MediLedger pilot’s strength is that it’s a cross-industry effort to explore the use of a blockchain network to enable the interoperability required by the Drug Supply Chain Security Act (DSCSA) requirements in 2023.

blockchain 164

blockchain San Francisco United States Industry 164

PYMNTS

SEPTEMBER 6, 2018

The financial publication, quoting unnamed “people familiar with the matter,” said that the probe follows “revelations that employees improperly altered customer information” – including adding information such as Social Security numbers to documents without those employees’ consent.

Fraud 102

Fraud Operations Security Groups 102

PYMNTS

FEBRUARY 14, 2020

The challenges are illuminated in especially stark relief in developing economies where some of the most basic official documentation may be lacking. But, in an interview with Karen Webster, Zac Cohen, chief operating officer at Trulioo , cautioned against a “one-size-fits-all” approach to the digital identity space. The Micro Level.

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How To National Fraud Data 205

PYMNTS

SEPTEMBER 24, 2020

FIs that offer remittances must also comply with a variety of regulations intended to help ensure that terrorists and other criminals are unable to abuse the services to finance illicit operations and hide ill-gotten funds. Maintaining compliance with these important regulations can be challenging, but FIs cannot afford to slip up.

Compliance 223

Compliance Tools Fraud Regulation 223

PYMNTS

SEPTEMBER 21, 2020

The Financial Crimes Enforcement Network ( FinCEN ) uncovered government documents on how giant financial institutions (FIs) move trillions of dollars in suspicious transactions, padding their bottom lines, while terrorists, drug dealers and corrupt politicians are allowed to run free. . On Monday (Sept.

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social media Report Operations Company 297