PYMNTS

SEPTEMBER 23, 2020

Senior citizens are the demographic group most vulnerable to identity fraud, as they are often not as digitally savvy as their younger counterparts nor as adept in online security best practices. Technologies like video onboarding and AI have shown promise in facing this threat, but each is vulnerable when deployed alone. billion ($8.9

Technology 208

Technology Report Fraud Study 208

Perficient

AUGUST 16, 2023

Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. Mr. Shan Hanes, who served as the bank’s President and CEO until its closure, joined the firm in 1993 as an agricultural loan officer and Informational Technology Officer. He was promoted to President and CEO in 2008.

United States 221

United States Kansas FDIC Risk Management 221

PYMNTS

FEBRUARY 25, 2019

The Conference of State Bank Supervisors (CSBS) said earlier this month that it had put in place a set of action items to standardize the national experience of FinTechs and non-bank entities. We have formed a working group of state regulators to develop the model.

Regulation 147

Regulation Fintech Community Bank Community 147

CFPB Monitor

OCTOBER 12, 2022

The Bill has drawn criticism from credit industry trade groups such as the American Financial Services Association. Among other criticisms, the trade groups assert that the Bill would impose difficult, if not impossible, compliance burdens on lenders that will result in decreased credit access and higher cost loans.

Regulation 144

Regulation District of Columbia Policies Groups 144

PYMNTS

OCTOBER 14, 2020

State Department has proposed President Donald Trump add FinTech Ant Group, which has strong ties to the Alibaba Group empire, to a list of foreign companies to which U.S. companies cannot sell certain technology, Reuters reported Wednesday (Oct. investors from taking part in the initial public offering for Ant Group.

Report 195

Report Groups United States Policies 195

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

Abrigo

MAY 8, 2024

WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. Nevertheless, understanding the technology is crucial.

Examples 221

Examples Fraud Resources Risk Management 221

PYMNTS

JANUARY 18, 2017

The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city. said Renard in the same press release.

ATM 100

ATM National New York City New York 100

PYMNTS

JUNE 14, 2019

Smart technology is unlocking supply chain efficiencies, providing emergency alerts and much more. Researchers have continued to report simple issues that trip up the tech — including failures by device manufacturers to require users to set up a PIN or passcode or failures by users to securely implement the technology.

Regulation 161

Regulation Security Technology Survey 161

PYMNTS

DECEMBER 4, 2018

The agencies tied to the joint release include the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network, the National Credit Union Administration and the Office of the Comptroller of the Currency.

Innovation 161

Innovation Regulation Compliance Idaho 161

PYMNTS

SEPTEMBER 30, 2020

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. 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

JULY 16, 2018

New rules may loom for technology providers pertaining to privacy — on a national level. In another nod toward privacy, Microsoft wants to see government regulation of facial recognition technology. Bloomberg reported that the top 10 regulated banks in the U.S. Facial Recognition’s Need for Legislation?

National 100

National California Regulation United States 100

PYMNTS

JANUARY 25, 2021

In other news, in an attack on Indian cryptocurrency exchange BuyUCoin , hacker group ShinyHunters leaked the private information of over 325,000 users, Inc42 reported. Even if their volatility lessens, cryptocurrencies face a great challenge in procuring acceptance from national governments, the report stated.

Bitcoin 261

Bitcoin cryptocurrency Data National 261

PYMNTS

DECEMBER 10, 2019

Tencent’s WeBank , which is a digital bank in China that provides loans to individuals and small businesses, will be the technical infrastructure provider for China’s national blockchain network, according to a report by Coindesk. Prominent investors in China, like Liye Group and Baiyeyuan, have invested in WeBank.

blockchain 148

blockchain Technology Bitcoin National 148

PYMNTS

MARCH 8, 2020

Tech companies want to get ahead of the law when it comes to facial recognition , seeking to restrict its use but also making sure the most severe regulations don’t come to pass, according to The Wall Street Journal. Numerous advocacy groups and leaders have called for bans. More than 60 college campuses have disavowed its use.

San Francisco 165

San Francisco Vermont Hawaii Washington 165

PYMNTS

DECEMBER 13, 2018

Recently, though, many CUs have turned to technology-driven solutions to help members more efficiently communicate their needs and feedback. CUs are also actively communicating with law enforcement agencies, keeping regulators informed about suspicious activity, while receiving tips on noticeable trends that these same agencies are eyeing.

Regulation 135

Regulation South Dakota ATM New York City 135

Bobsguide

MAY 29, 2019

Payments markets are changing drastically, forced by the hand of national and regional regulators as well as a technological advances driving at an incredible pace. Here, bobsguide speaks with Mohammed Kateeb, group chairman and. Banks and other financial institutions are sitting up to take note.

Regional 160

Regional National Fintech Regulation 160

CFPB Monitor

JANUARY 5, 2021

federal district court to block the OCC from granting a national bank charter to Figure Technologies Inc. federal district court challenging the OCC’s authority to issue special purpose national bank (SPNB) charters to non-depository fintech companies. The Conference of State Bank Supervisors (CSBS) has filed a lawsuit in D.C.

Conference 78

Conference Technology District of Columbia FDIC 78

PYMNTS

OCTOBER 21, 2020

The EBF represents the vast majority of the European banking sector through its membership, spanning 32 national banking associations from across Europe, which in turn encompass more than 3,500 banks. The banking sector has always been driven by technology, said Maniati, and the cloud can help underpin that resilience.

Data 317

Data Regulation National Examples 317

PYMNTS

NOVEMBER 1, 2018

“We need to use our collective prowess and power to protect these most vulnerable of populations, and it requires not just our industry but also nation states to be part of that,” he said. GDPR as a piece of legislation, a piece of regulation, is a great start,” Nadella said. “We

Data 217

Data Regulation Training Conference 217

PYMNTS

DECEMBER 2, 2019

Technology firms in China are framing facial recognition policies at the United Nations (UN), The Financial Times (FT) reported on Sunday (Dec. The data obtained by FT shows that Chinese tech firms are striving to expand markets for the latest facial recognition technology while advancing a global standard.

National 144

National Technology Resources America 144

PYMNTS

NOVEMBER 15, 2020

The BoE is among the global regulators looking at how to deal with digital currencies, which have become more of a clear prospect for the near future as the pandemic keeps people away from physical spaces. The shift could drastically change how customers feel about having physical money stored in banks, according to the report.

Innovation 259

Innovation National Regulation Report 259

PYMNTS

NOVEMBER 27, 2019

The National Standardization Group for Facial Recognition Technology was launched last week by Hong Kong-based SenseTime and 27 other tech companies. Its goals include developing standards for safety and accuracy, as well as supervising the fast development of the technology.

Regulation 130

Regulation National Security Technology 130

PYMNTS

DECEMBER 3, 2020

Like all regulations, the new Digital Services Act brewing in the European Union has its detractors (those who will be regulated) and its fans (those who are writing the regulations). Yet the DCP still sees the need for regulations. Somewhere in between are consumers. The DSA, now scheduled for a Dec.

Regulation 204

Regulation Google National Marketing 204

PYMNTS

AUGUST 28, 2020

As Uber Technologies Inc. seeks to reinstate its license to provide ride-hailing services in London after a suspension, the city’s transportation regulator will leave the decision up to a judge. based group, filed a lawsuit against Uber in the District Court of Amsterdam, where Uber’s European headquarters is located.

Operations 154

Operations Regulation Groups Data 154

PYMNTS

SEPTEMBER 28, 2020

A London judge reinstated Uber Technologies Inc. 's 28), ending a 10-month fight between the ride-hailing company and regulators, The Wall Street Journal reported. based group, filed a lawsuit against Uber in the District Court of Amsterdam, where Uber’s European headquarters is located. s license to operate on Monday (Sept.

Regulation 150

Regulation Groups Data Operations 150

PYMNTS

JULY 9, 2020

A new rule from the United Nations will require connected cars sold in Japan, South Korea and the European Union, among other places, to be protected against cyberattacks, The Wall Street Journal (WSJ) reported. Japan said it would begin implementing the rules next year, and South Korea plans to introduce some regulations this year.

Security 146

Security United States Guidelines Texas 146

PYMNTS

JULY 2, 2020

European regulators are investigating Google’s proposed $2.1 billion takeover of Fitbit, the San Francisco-based wearable technology maker, the Financial Times reported. Australia and the 27-nation bloc that makes up the EU are not the only watchdogs examining the proposed deal. In December, PYMNTS reported that the U.S.

Google 199

Google San Francisco Washington Regulation 199

PYMNTS

AUGUST 16, 2020

15) whether he is contemplating action against more Chinese companies, including Alibaba , a global technology company specializing in eCommerce, the president said he is considering further punitive measures against other groups, the Financial Times (FT) reported. When asked at a news conference Saturday (Aug. 15 to sell its U.S.

Company 248

Company San Francisco New Jersey Conference 248

PYMNTS

JUNE 14, 2017

Analysts agree that a company should work with partners, advisors and technologies that can help them manage their compliance demand across borders. Not only do regulations vary from jurisdiction to jurisdiction, but the consequences of non-compliance vary greatly, too. The first, unsurprisingly, is regulation.

Compliance 146

Compliance Marketing Taxes Groups 146

PYMNTS

FEBRUARY 15, 2018

He said that in his own state of Washington, state regulators have been looking at those issues for some time to determine the possibility of some sort of reciprocity or sharing of information. “It The pilot being run with those initial seven states will provide some answers for how state regulators can streamline the process.

Washington 101

Washington Regulation Conference Fintech 101

Celent Banking

JANUARY 26, 2017

The timing is also interesting, as only two weeks ago outgoing President Obama’s National Economic Council (NEC) released a new whitepaper called A Framework for FinTech. The NEC, a policy advisory unit of the White House established in 1993, proposed 10 high-level principles designed to move the US fintech industry forward. .

Regulation 100

Regulation Policies Philadelphia Fintech 100

Abrigo

JULY 23, 2021

The regulations are forthcoming, but institutions now should begin the process of performing a threat-focused risk assessment which will guide them where to focus their efforts. More recently alleged cyber-crimes including ransomware, attacks on exchanges, and mining have been attributed to DPRK controlled groups.

National 195

National Training United States Regulation 195

PYMNTS

OCTOBER 5, 2020

Here’s the latest news from Google and the technology industry, which is coming under increasing scrutiny from regulatory watchdogs, trade organizations and politicians globally. Regulation. Data Activist: Big Tech Not Following Transatlantic Data Transfer Regulations. antitrust regulation. Last week, a U.S.

Data 229

Data Google Compliance Apple 229

PYMNTS

JANUARY 7, 2021

The World Health Organization (WHO) is warning that Europe is likely entering into the “acute” phase of the COVID-19 pandemic as nations scramble to quell the latest surge in infections. The approval is the second by European regulators, who greenlighted a vaccine developed by Pfizer and Germany’s BioNTech last month.

National 195

National Regional United States Policies 195

PYMNTS

JUNE 10, 2020

The EU’s investigative unit will form a task force to examine TikTok’s activities across the 27-nation bloc following a request from a lawmaker concerned about its data collection and its security and privacy risks. EU authorities can fine companies for violations under the General Data Protection Regulation (GDPR).

Policies 253

Policies Data social media Video 253

PYMNTS

SEPTEMBER 18, 2020

In today’s top payments news around the world, Uber Technologies wants to shed a portion of its minority ownership in Didi Chuxing, and investors in a group looking to purchase the U.S. Uber Technologies wants to reduce a portion of its minority ownership of Chinese transportation company Didi Chuxing. A slice of Uber’s $6.3

US 130

US Apple Payments California 130