Perficient

MARCH 30, 2023

In this blog, we wanted to share a practical solution that blockchain technology can offer financial services institutions – the ability to provide instant settlement and optimize collateral on demand. Instant delivery vs payment settlement with finality, is very close to becoming a solution blockchain can provide.

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Operations blockchain Capital Security 275

Abrigo

MAY 24, 2023

The SAFE Banking Act could bridge the state and federal cannabis banking gap Read more for the legislation's history and how it benefits financial institutions looking to profitably bank CRBs. You might also like this whitepaper, "Cannabis and financial institutions: Providing services to cannabis-related businesses."

Lending 195

Lending Fraud Operations Ohio 195

Perficient

MARCH 17, 2021

While compliance with industry-specific regulations may dictate that certain work must remain within the United States, companies within financial services, healthcare, and government can still benefit from utilizing nearshore resources strategically. Security is the highest priority when searching for a nearshore partner. Experience.

Software 508

Software Regulation Industry United States 508

Cisco

JUNE 7, 2022

The past 20 years have visibly demonstrated the impact large scale events have on market, credit, and operational risks in financial services. In between these events, a different crisis began in the US sub-prime lending market. Regulatory Agencies Step Up. Ransomware groups will continue to professionalize.

Risk Management 118

Risk Management Management Cyber Security Handbook 118

South State Correspondent

MAY 9, 2023

private and public lending markets are the world’s envy, with a wide availability of financing options for many capital seekers across the entire capital stack. We believe any change to the FDIC insurance coverage should aim to maintain and advance our credit markets. The answer lies in minimizing the agency problem in banking.

FDIC 195

FDIC Regulation Capital Management 195

Perficient

NOVEMBER 30, 2021

Recognizing that regulated and non-regulated financial institutions seek to engage in cryptocurrency and crypto asset activities, the three largest federal bank regulators, the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, recently issued a joint statement on crypto assets.

cryptocurrency 309

cryptocurrency Regulation Policies Compliance 309

CFPB Monitor

MARCH 10, 2022

The Order sets out the following national objectives with respect to digital assets: consumer and investor protection; protection of financial stability and mitigation of systemic risk; mitigation of illicit finance and national security risks; reinforcement of U.S.

FDIC 148

FDIC National cryptocurrency Leadership 148

PYMNTS

JANUARY 26, 2021

Bloomberg reported that People’s Bank of China Governor Yi Gang said regulatory agencies are, in relation to Ant, still looking into issues surrounding potential monopolies. Ant is China’s behemoth payments provider through its digital payments service Alipay. Another issue, Yi said, was that of consumer privacy.

Regulation 238

Regulation Groups Financial Technology Online 238

PYMNTS

JULY 26, 2020

The nation’s consumer protection agency is seeking input on rule changes to third-party access to individual financial records. Its purpose was to review the agency’s handling of authorized third-party access to consumer’s financial data.

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Data Google Fintech Groups 173

PYMNTS

JANUARY 15, 2021

The Office of the Comptroller of the Currency (OCC) released a finalized rule on ensuring fair access to banking services from large national banks, federal savings associations, and federal branches and agencies of foreign bank organizations, according to a press release.

United States 216

United States National Community Meeting 216

PYMNTS

DECEMBER 16, 2020

The Canadian company works in cloud services for the financial sector with more than 1,000 credit unions, banks, businesses and regulatory agencies. EU Releases First Drafts for Digital Services, Digital Markets Acts. Gojek Debuts POS System for Indonesian Merchants That Accepts Cashless Payments.

Technology 240

Technology System social media Payments 240

PYMNTS

FEBRUARY 25, 2020

When one has a credit history, it is easy to overlook if it’s working as intended, as it is a fairly invisible piece of the fabric of day-to-day financial life. A few moments in an application process, while an algorithm evaluates one’s fitness for service by scanning their credit history, is the average interaction a U.S.

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System Cards Marketing Data 233

CFPB Monitor

APRIL 14, 2022

In them, he expressed a desire to re-direct the CFPB’s attention to the needs of financial institutions used by local businesses and to make relationship banking a key priority for the CFPB.

Community Bank 78

Community Bank Community Meeting Marketing 78

PYMNTS

AUGUST 17, 2020

In today’s top news, California lawmakers propose a financial watchdog at the state level, and Germany launches an antitrust investigation into Amazon. California Proposes Financial Watchdog Agency. Plus, the Federal Reserve is working with MIT to explore the use of digital currency. Germany Launches Investigation Into Amazon.

California 148

California Massachusetts Apple Fraud 148

PYMNTS

SEPTEMBER 13, 2020

The penalty, assessed by the Personal Data Protection Commission (PDPC), the Singapore government agency responsible for personal data protection, stemmed from an incident last year when Grab’s mobile app exposed information of more than 21,500 users. It included names, vehicle license plate numbers and wallet balances of users.

Data 162

Data Groups Report Strategy 162

PYMNTS

JULY 2, 2020

The operations affected include ride-hailing services ORide and OCar, and logistics service OExpress, Bloomberg reports. The government ban happened when Lagos, the government hub of Africa’s largest economy, banned motorbike passenger service in January, according to director of marketing Osagie Alonge , Bloomberg reported.

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Operations Mobile Report Payments 198

Independent Banker

FEBRUARY 28, 2023

Illustration by The Laundry Room/Stocksy Customer data fuels efficient and effective marketing these days. From these actions, community banks receive data on their income, home address, email address, credit card debt, employer and financial products they want to learn more about.

Community Bank 129

Community Bank Community Marketing Data 129

CFPB Monitor

AUGUST 1, 2022

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space.

Financial Technology 78

Financial Technology Technology Fintech Compliance 78

PYMNTS

SEPTEMBER 11, 2019

A network to better coordinate financial innovation among federal and state regulators is being launched by the Consumer Financial Protection Bureau (CFPB) in partnership with several states, the agency said in a press release. The agency says it strives to empower consumers to take control of their economic lives.

Regulation 171

Regulation Innovation South Carolina Indiana 171

PYMNTS

MARCH 23, 2020

The Mortgage Bankers Association (MBA) is concerned that deferred and late mortgage payments due to lost jobs and reduced hours caused by the coronavirus could end up triggering a financial debacle for mortgage servicers, according to reports. The association anticipates that strains on servicers could top $100 billion. “In

National 159

National America Meeting Payments 159

PYMNTS

SEPTEMBER 30, 2020

In today’s top news in digital-first banking, global card issuing platform Marqeta debuted its Tokenization-as-a-Service (TaaS) offering, while the Bank of New York Mellon (BNY Mellon) has named a new executive for global market infrastructure. Marqeta Introduces Tokenization-as-a-Service For Card Issuers.

Marketing 130

Marketing New York Cards Conference 130

PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). A lack of safety and soundness rules will expose the financial system to significant vulnerabilities.”.

Regulation 349

Regulation National System Industry 349

PYMNTS

JANUARY 8, 2020

Advertising technology Software-as-a-Service (SaaS) firm Mediaocean has formed a blockchain partnership with Amino Payments for transparency and accountability in digital advertising, Mediaocean announced on Tuesday (Jan. The company works with over 100,000 agencies, advertisers and media companies.

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New York City blockchain Philadelphia New York 130

South State Correspondent

MARCH 28, 2024

The various programs are wide ranging, complicated, and impactful which is why now is an excellent inflection point to provide financial advisory to both your retail and commercial customers. Banks can focus on helping their retail customers obtain tax credits, rebates, and financial assistance.

America 195

America Strategy Taxes Community 195

PYMNTS

NOVEMBER 23, 2020

OCC Calls for Equal Access to Banking Services. The regulation would guarantee that everyone would have equal access to banking services provided by federal savings associations, national banks, and federal branches and agencies of foreign bank organizations. JPMorgan: Spiking COVID-19 Signals Likely Q1 GDP Slump.

Analysis 162

Analysis Digital Banking Report Regulation 162

PYMNTS

NOVEMBER 23, 2020

The rule would guarantee that everyone would have equal access to banking services offered by national banks, federal savings associations, and federal branches and agencies of foreign bank organizations, the statement indicated. Fair access to financial services, credit and capital is essential to our economy,” Brian P.

Study 170

Study Survey Regulation System 170

South State Correspondent

OCTOBER 5, 2022

New Fed Governor Phillip Jefferson made his debut speech yesterday and sounded just like all the other Fed speakers of late that much remains to be done on inflation, and he is particularly worried about wage-price inflation stemming from the tight labor market. Agency Indications — FNMA / FHLMC Callable Rates. Source: Bloomberg.

Marketing 195

Marketing Report Survey Data 195

PYMNTS

FEBRUARY 2, 2021

Financial Conduct Authority (FCA) following a four-month review led by former interim chief executive Christopher Woolard , according to a report released by the agency on Tuesday (Feb. So, it’s vital that we have a fair market that works for everyone. The buy now, pay later industry (BNPL) will now be regulated by the U.K.

Regulation 146

Regulation Industry Marketing US 146

PYMNTS

NOVEMBER 23, 2020

Financial technology company Sleek has reportedly netted $4 million in venture funding for its efforts to take on the traditional corporate services industry. According to the Enterprise Singapore website, it’s the “government agency championing enterprise development.” Singapore itself has a growing economy, with 1.4

Fintech 151

Fintech Taxes Compliance Capital 151

PYMNTS

AUGUST 18, 2019

The New York State Department of Financial Services (DFS) announced that it has granted a charter under New York Banking Law to Bakkt Trust to operate as a limited liability trust company. This is the first virtual currency trust company application approved under Superintendent of Financial Services Linda A. Lacewell. “As

Bitcoin 165

Bitcoin New York United States Leadership 165

PYMNTS

DECEMBER 11, 2019

The New York State Department of Financial Services (DFS) is proposing revised rules for the listing of new virtual currencies and will review the state’s BitLicense , the regulator announced in a press release on Wednesday (Dec. DFS Superintendent of Financial Services Linda A.

New York 132

New York Regulation cryptocurrency Meeting 132

PYMNTS

JUNE 25, 2020

The New York State Department of Financial Services (DFS), which supervises 1,500 banks and financial institutions and more than 1,400 insurance companies, has proposed a conditional licensing framework that promises to make it easier for cryptocurrency startups.

New York 240

New York cryptocurrency Regulation Innovation 240

PYMNTS

JUNE 29, 2020

Singapore’s Commercial Affairs Department (CAD), the white-collar crime unit, has been probing Wirecard’s Singapore operations for 16 months, the news service reported. “In Shares have fallen by more than 90 percent and the company has lost nearly $12 billion of market value, the report said. and the Bank of the Philippine Islands.

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Report National Examples System 141

PYMNTS

SEPTEMBER 16, 2019

A FinTech group from Kazakhstan part-owned by Baring Vostok and Goldman Sachs is structuring a London IPO that is the largest listing by a central Asian company since the global financial crisis, the Financial Times reported Monday (Sept. Payments, finance and eCommerce marketplace startup Kaspi.kz percent over three years.”.

Fintech 156

Fintech New York Innovation Marketing 156

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. Avanti made its Wyoming intentions clear in February. Brooks said.

Wyoming 153

Wyoming cryptocurrency Regulation blockchain 153

PYMNTS

SEPTEMBER 17, 2019

He was also a global leader at PayPal , providing technology-driven financial services to SMBs. “As Since then, I have built a career helping SMBs succeed financially. With the partnership, GovQuote will target state, local and education (SLED) government agencies and their supplier pool.

Virginia 134

Virginia Leadership Fintech California 134

PYMNTS

SEPTEMBER 28, 2020

An Alternative To Collections Agencies. With financial pains growing stronger, ignoring or writing off debts is no longer an option for many firms. And rather than turn to an expensive predatory lender, businesses will instead migrate the task of trying to collect on those debts to a collection agency.

social media 215

social media Capital Fintech Operations 215