PYMNTS

OCTOBER 20, 2020

against Google, joined by 11 states attorneys general, alleging the tech giant has used its dominant position in the online search market unfairly against competitors. But the issues raised by the lawsuit hint at where regulators and lawmakers will aim to restrain the tech giant — perhaps even, down the line, refashion the company itself.

Google 158

Google US United States Washington 158

PYMNTS

AUGUST 4, 2020

When the story of the coronavirus is written, when it comes to financial services, the key chapters will focus on the pace at which innovation accelerated — and where a range of players came together to create ecosystems, rather than to simply compete in zero-sum, winner-take-all bids for consumers. Ready For The Digital Shift.

Google 298

Google Digital Banking Course Branding 298

PYMNTS

JULY 28, 2020

Others include the heads of Amazon , Apple and Google. The hearing is expected to look at how those companies’ influence could stifle innovation and establish something close to a monopoly. “We know that our future success is not guaranteed, especially in a global tech industry defined by rapid innovation.

Innovation 159

Innovation Apple Google Industry 159

PYMNTS

DECEMBER 7, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from governments around the world. UK Regulations to Create New Digital Markets Unit. antitrust regulators are creating a Digital Markets Unit that will be given the duty to enforce rules applicable to Big Tech firms.

Apple 143

Apple Regulation Taxes Marketing 143

PYMNTS

AUGUST 2, 2019

Regulators’ influence over non-banks is limited, and banks are left to vet their own vendors. Bank regulations hadn’t “sufficiently modernized to accommodate cloud and other innovative technologies,” according to a U.S. Tech giant oversight is progressing despite objections from companies like Amazon, Google and Facebook.

Regulation 144

Regulation Virginia Google Capital 144

PYMNTS

SEPTEMBER 20, 2018

European regulators this week continued to show their love, respect and admiration for U.S.-based Assuming that caught your attention, here’s the real story: It’s shaping up as a busy week for regulators in Europe (including Turkey, which for purposes of this article, qualifies as Europe). Google Fine. Speaking of Google ….

Google 124

Google social media Regulation Course 124

PYMNTS

JANUARY 28, 2021

It will likely alter global markets and regulations as the financial ecosystem becomes more digitized. The use of Apple Pay, Google Pay and other digital wallets has also been on the upswing since the start of the pandemic. This change in consumer behavior is expected to remain even after vaccines are more widely distributed.

Innovation 187

Innovation Millennials Payments Mobile 187

PYMNTS

JANUARY 23, 2019

Tech giants like Facebook, Apple, Google, Twitter and Microsoft spent $64 million last year in the hopes of helping to influence regulations and combat increased scrutiny from U.S. Google spent the most at $21 million. politicians, according to a report in The Washington Post. Last year, it spent about $18 million.

Google 116

Google Washington Apple Regulation 116

PYMNTS

MARCH 2, 2020

It’s really difficult, the banking ecosystem is not fast and that’s just reality,” Jim McCarthy, industry expert and former innovation head for Visa, told Karen Webster in a recent conversation. The Headwinds Creating The Innovations Gap . According to the latest edition of the Innovation Readiness report, only 22.3

Innovation 222

Innovation Data System Mobile 222

PYMNTS

SEPTEMBER 30, 2020

Overseen by the Office of the Comptroller of the Currency (OCC), the charter would allow firms like Facebook, Google or Amazon to bypass the process by which they need to collect money transmitter licenses state by state. They argue that the OCC would oversee the new charter holders — but not as rigorously as state regulators would.

Regulation 349

Regulation National System Industry 349

PYMNTS

SEPTEMBER 8, 2020

Here’s the latest news for Big Tech’s Google , Amazon , Apple and Facebook , which are coming under increasing scrutiny from legislators and regulators the world over. Regulation. In addition, the legislation would make sellers pay a third of commissions to a dedicated training fund for technology specialists each quarter.

Taxes 131

Taxes Google Apple social media 131

PYMNTS

SEPTEMBER 15, 2016

Japan’s government is pointing the finger at Apple and Google, alleging that the two tech giants are violating the country’s anti-monopoly law. As part of the economic growth strategy for the country, Prime Minister Shinzo Abe decided to focus on investment in technology innovation.

Google 100

Google Apple Regulation Strategy 100

PYMNTS

JANUARY 21, 2021

In the bid to hasten their digital transformation, when it comes to innovation , financial institutions (FIs) may benefit from an “app store” approach as they weigh existing and new solutions. In a nutshell: If banks don’t innovate in a way that is imaginative and proactive, they will lose customers. Cohen asked. It’s unthinkable.”.

Management 303

Management User Experience Innovation Fintech 303

FICO

MAY 25, 2023

Home Blog Feed test AI Development Can’t Be Paused—But It Can Be Regulated Since Generative AI is here to stay, ChatGPT’s base grew by 9,900% in 60 days, with 1.8 Home Blog Feed test AI Development Can’t Be Paused—But It Can Be Regulated Since Generative AI is here to stay, ChatGPT’s base grew by 9,900% in 60 days, with 1.8

Regulation 52

Regulation San Diego Analytics blockchain 52

PYMNTS

NOVEMBER 30, 2020

The British government is establishing a new Digital Markets Unit tasked with enforcing laws that apply to Big Tech companies, such as Google and Facebook , authorities announced in a press release. tech companies fight increased regulation that seems likely following criticism of business practices from members of Congress.

Marketing 189

Marketing Regulation Google Innovation 189

PYMNTS

DECEMBER 9, 2019

Also, as big tech moves into the financial services industry, regulators call for more “vigilant monitoring” of its data use. Regulators Call for ‘Vigilant Monitoring’ of Big Tech’s Financial Data Use. PayPal’s Schulman: Why Payments’ Biggest Innovations Are Yet to Come. Goldman Plans to Launch Robo Advisor Next Year.

Regulation 131

Regulation Data Apple Payments 131

PYMNTS

JUNE 27, 2017

As mobile devices continue to be a pervasive force in the technology arena, so does the need for forward thinkers in the field. He also offers advice for how to innovate in the field. Here is an excerpt of the conversation: PYMNTS: How would you define your company’s approach to innovation? How could we make this better?”.

Innovation 145

Innovation System Mobile Trends 145

Bussman Advisory

DECEMBER 9, 2023

Gain insights into disruptive technologies, industry updates, and success stories from our portfolio companies. Don’t miss out on the chance to empower your team with crucial knowledge about disruptive technologies, FinTech, AI and Digital Assets! More information on www.bussmannadvisory.com.

Google 52

Google Fintech Community Course 52

PYMNTS

AUGUST 20, 2018

But here’s the rub: The guilty verdict was made on the basis of A&P’s use of supply chain innovations to lower prices to consumers. Regulators didn’t destroy A&P in the end. Its failure to keep innovating in the face of new players that did was A&P’s downfall. Lower prices. By 2015, it had closed its doors.

Regulation 105

Regulation Online Innovation Google 105

PYMNTS

NOVEMBER 21, 2019

President Barack Obama is concerned about the impact technology can have on society. “’Big, disruptive’ information technologies can sometimes be ‘dangerous,’” Obama said during a talk with Salesforce CEO Marc Benioff. He also believes that technology, in general, can overwhelm people — even the former First Lady.

social media 204

social media New York Technology Google 204

PYMNTS

MARCH 27, 2019

The company, which was started by former Google employees and is backed by the company, wants to raise $100 million. Mobvoi was Google’s first direct China investment following the exit of its search engine from the country in 2010. Mobvoi was previously valued at $300 million in a financing round that Google led in 2015.

Google 152

Google Big Data Innovation Apple 152

PYMNTS

MARCH 30, 2020

The American workforce shifted to telecommuting almost overnight, and regulators have found ways to shorten decision making that once took months and years into hours and days. Before COVID-19, Lavender noted, there were over 1 billion Google searches a day looking for medical advice.

Innovation 147

Innovation System United States Tools 147

PYMNTS

JULY 17, 2020

Facebook Inc’s top executives could be required to testify before the Federal Trade Commission (FTC) as the regulator investigates whether the California-based social media conglomerate has violated U.S. antitrust laws, sources told The Wall Street Journal. An FTC spokeswoman declined to comment. states and the DOJ.

social media 160

social media California Google Apple 160

PYMNTS

DECEMBER 17, 2019

In a move to prevent technology giants from having an unfair advantage, Japan is planning to increase regulations and demand transparency, Reuters reported on Tuesday (Dec. Japan’s decision aligns with the international direction of increased oversight of technology platforms. Google, Apple, Facebook Inc.

Guidelines 131

Guidelines Apple Google Regulation 131

PYMNTS

OCTOBER 21, 2019

However, most people assumed that was survivable, and that the new millennia — powered by the emerging, mysterious technology known as “the internet” — was going to be a great place to live. We have the end-to-end guide — and the lessons learned during the ride by the innovators who had a first-row vantage points. The list goes on.

Innovation 131

Innovation Payments Apple Mobile 131

PYMNTS

SEPTEMBER 24, 2020

Companies are reexamining how they can use cloud technologies to comply with changing security standards as digital banking volumes expand. regulators have debated how companies can team up with third-party cloud providers while adhering to regulations such as GDPR, and noncompliance can lead to high-priced consequences.

Compliance 151

Compliance Fraud Regulation Security 151

PYMNTS

OCTOBER 21, 2016

It is critical that we promote and defend competition, even in markets that are highly innovative, to ensure that small entrants aren’t squeezed out through needlessly restrictive conditions and policies,” Johnson stated in the letter. “I I strongly encourage the FTC to give this issue the close attention that it deserves.”. (R-WI),

Regulation 100

Regulation Washington Google Apple 100

PYMNTS

OCTOBER 9, 2020

Britain’s top antitrust regulator proposed Friday (Oct. 9) that the country contemplate creating a new regulatory unit whose approval would be required before any dominant technology company could make an acquisition in the country. may be entering an era of more robust regulation. Coscelli said the U.K.’s

Regulation 183

Regulation United States Marketing Conference 183

PYMNTS

AUGUST 6, 2020

Payments provider Contis has applied for the Royal Bank of Scotland (RBS) and Banking Competition Remedies (BCR) Alternative Remedies Package, two grants totaling £35 million ($46 million), which it intends to use for a variety of new, digital payment technologies for small- and medium-sized businesses (SMBs), a press release says.

Innovation 143

Innovation Cards Apple Google 143

PYMNTS

JULY 24, 2019

The Justice Department is right to be looking into Amazon’s practices as part of its antitrust review of big technology companies, Treasury Secretary Steven Mnuchin said Wednesday (July 24). . “I A broad antitrust review of big technology companies was announced by the Justice Department on Tuesday (July 23).

Retail 128

Retail US Massachusetts United States 128

PYMNTS

SEPTEMBER 10, 2018

Long before innovators began talking about the power of ecosystems to transform commerce, scientists spent centuries studying them under microscopes in their labs. Decomposer for innovator large or small, established or emerging. An Ecosystem By Any Other Name. Substitute producer for buyer or supplier. Consumer for the end user.

Innovation 146

Innovation Cards Payments San Francisco 146

PYMNTS

MAY 16, 2019

Across the European Union (EU), technology providers and social media platforms are increasingly playing a bigger role in the Open Banking ecosystem. At the same time, however, many players, like Facebook and Google , are squaring off against regulators that are looking at their data and payment policies with more scrutiny.

social media 161

social media Compliance Innovation Data 161

Cisco

NOVEMBER 15, 2022

Venmo, just like Google, has become a proper noun AND a verb. It is about opening up information to spur innovation of third-party providers to build new, added-value offerings. A new one has emerged which is partner, and it may include invest, which allows FIs to move and innovate faster without the internal challenges of buy/build.

Innovation 160

Innovation Security Innovation Strategies Data 160

PYMNTS

SEPTEMBER 26, 2016

The newspaper cited Ripple’s use of blockchain technology and the ability of two small banks, one in Canada and one in Germany, to complete cross-border online transactions in record time as an example of the latest banking innovations. While most international bank transfers take days to complete, this took just 20 seconds.

Regulation 100

Regulation Fintech blockchain Mobile 100

PYMNTS

JANUARY 3, 2020

Unanswered authentication questions and regulatory confusion have not dampened PSD2’s attractiveness for regulators outside the EU, and Turkey is among the latest to adopt the standards. All of the banks [have been] very innovative and very excited to use state-of-the-art technologies for almost 20 years.”.

Regulation 133

Regulation Fintech Innovation Marketing 133

PYMNTS

FEBRUARY 20, 2020

Financial Stability Board (FSB) Chair Randal Quarles has warned global financial regulators that they must accelerate the creation of a framework for cryptocurrency and other forms of digital money, Reuters reported on Wednesday (Feb. He sent the letter ahead of the 2020 IIF G20 Conference happening in Riyadh, Saudi Arabia this weekend, Feb.

cryptocurrency 194

cryptocurrency Meeting Conference Regional 194

Accenture

NOVEMBER 27, 2017

Connecting more than 8,000 decision makers and thought leaders across the industry, Sibos 2017 in Toronto was once again the platform where the global financial community explored the disruptions and opportunities in payments driven by innovation, technology and new business models.

Innovation 171

Innovation Conference Fintech blockchain 171