PYMNTS

JANUARY 7, 2021

China’s Ant Group is mulling the creation of a new consumer loan unit that would allow it to continue making loans throughout the country while complying with new Chinese banking regulations. Ant Group had planned to go public for $35 billion, which would have made it the largest IPO in market history. On Tuesday (Jan.

Groups 141

Groups Regulation Lending Operations 141

PYMNTS

SEPTEMBER 21, 2020

Ant Group , the online payment provider for China-based Alibaba Group Holding Ltd., 18), Shanghai regulators approved Ant Group’s request to proceed with its IPO share sale. Ant Group declined to comment in an emailed statement. Ant Group declined to comment in an emailed statement. On Friday (Sept.

Groups 141

Groups Capital Regulation Operations 141

PYMNTS

AUGUST 28, 2020

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. Bloomberg News reported that Transport for London (TfL) will stay neutral and let the court decide whether Uber can operate in its biggest European market.

Operations 154

Operations Regulation Groups Data 154

PYMNTS

JULY 8, 2020

Ant Group, the online payment service affiliate of China’s Alibaba Group Holding Ltd, is looking to go public as early as this year, Reuters reported. . Ant Group was launched in 2014 to provide global financial services. If the IPO moves ahead, one of the sources said it would be one of the world’s biggest listings this year.

Groups 175

Groups Report Capital Regulation 175

Payments Source

DECEMBER 29, 2020

Jack Ma’s besieged Ant Group Co. is planning to fold its financial operations into a holding company that could be regulated more like a bank, according to people familiar with the situation, potentially crippling the growth of its most-profitable units.

Regulation 165

Regulation Company Groups Operations 165

PYMNTS

MARCH 22, 2019

Thirty-four percent of businesses are using IoT in their operations, according to a recent study, and 70 percent of that group have moved beyond pilot testing to actual adoption. With increased adoption, though, comes a need for improved regulations, and both the European Telecommunications Standards Institute (ETSI) and U.S.

Regulation 189

Regulation Security Data Industry 189

PYMNTS

SEPTEMBER 14, 2020

New Chinese finance rules will force Ant Group to comply with regulations to back up any payments, lending or other finances with substantial capital, according to a report from The Wall Street Journal (WSJ). 1, and will have to apply for a license to do so. 1, and will have to apply for a license to do so.

Groups 161

Groups Company Regulation Lending 161

Perficient

APRIL 2, 2021

The agencies collectively announced a request for information (RFI) to gain input from stakeholders including financial institutions, trade associations, and consumer groups. Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. Cybersecurity.

Regulation 309

Regulation Industry Risk Management Analysis 309

PYMNTS

MARCH 9, 2020

billion, Tesco has struck a deal to sell its Malaysia and Thailand assets to entities of CP Group. The arrangement still must receive approval by regulators in Malaysia and Thailand. South Korea and Japan, and also relinquished some control of its Chinese operations as of 2011. Tesco said it plans to give back $6.52 in the U.K.

Groups 130

Groups Taxes Resources Operations 130

PYMNTS

JANUARY 20, 2020

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. The filings also indicated that interest income would be spread across operating segments.

Operations 150

Operations Capital Groups Apple 150

Cisco

OCTOBER 4, 2022

It is an update to the 2004 Operations book, and links the different processes of Architecture, Infrastructure, and Operations (AIO) into a cohesive framework for auditors to assess. In this booklet the FFIEC discusses the principles and practices for IT and operations, as well as processes for addressing risk respective to IT systems.

Operations 118

Operations Software Risk Management Management 118

PYMNTS

JULY 15, 2020

The European Securities and Markets Authority (ESMA), the European Union’s (EU) financial watchdog, plans to examine how German regulators handled oversight of Wirecard AG , the collapsed payments company that is facing a series of criminal allegations.

Regulation 141

Regulation Guidelines Groups Report 141

PYMNTS

JUNE 18, 2020

The London-based trade group for Europe’s ePayments community is waiting for the European Banking Authority , the European Union (EU) banking regulator, to provide the 27-nation bloc with an update on Strong Customer Authentication (SCA). The implementation delay gives regulators an opportunity to get it right, Rodgers said.

Groups 131

Groups Regulation Fraud Security 131

PYMNTS

JANUARY 27, 2020

Singapore is aiming to boost cryptocurrency firms by offering them a chance to apply for operating licenses. The move, called the Payment Services Act, will allow global cryptocurrency firms the chance to expand their operations. Among the firms gearing up to apply for licenses are Tokyo-based Liquid Group, Inc.

Regulation 151

Regulation cryptocurrency Payments Bitcoin 151

PYMNTS

DECEMBER 28, 2020

Large Chinese companies, including Alibaba and rivals Tencent , food delivery giant Meituan and retailer JD.com , have lost almost $200 billion in Hong Kong since regulators announced last week that they were investigating Alibaba's reported monopolistic practices, according to Bloomberg. Regulators on Sunday (Dec.

Regulation 141

Regulation Google Report Capital 141

PYMNTS

JULY 7, 2020

Now there’s the Retail Industry Leaders Association (RILA) asking for help with mandating mask guidance regulations to protect store personnel. Social media has been full of news of anti-maskers wrecking displays – and weeks ago, even attacking a store clerk because of regulations requiring them to mask up inside stores.

Retail 151

Retail Groups social media Policies 151

PYMNTS

SEPTEMBER 2, 2019

3 hearing advises that system-wide governance should be established to regulate virtual asset service providers (VASPs), CoinTelegraph reported Monday (Sept. Although regulation could make it hard for some crypto firms to continue operations, Murray said it’s not the BSA’s job to accommodate everyone. financial system.

Groups 124

Groups cryptocurrency Regulation United States 124

CFPB Monitor

JULY 7, 2022

Four leading trade groups are calling on the CFPB to rescind the recent updates to the UDAAP section of its Supervision and Examination Manual that instruct examiners to consider discrimination in connection with non-credit products and services as an unfair act or practice. Chamber of Commerce.

Groups 145

Groups West Virginia Policies Virginia 145

PYMNTS

JUNE 25, 2020

In today’s top news, Wirecard files for insolvency, and New York proposes easing regulations for cryptocurrency licenses. New York To Ease Cryptocurrency Regulations. plans to offer a Samsung Pay Card that will operate like a digital wall for customers. Wirecard Files For Insolvency, Seeks Court Protection.

New York 248

New York cryptocurrency Regulation Samsung 248

PYMNTS

FEBRUARY 25, 2019

The panel, which traces its genesis back two years, is comprised of two groups, focused separately on lending and payments, and is in turn part of CSBS Vision 2020. “As We have formed a working group of state regulators to develop the model. Our FinTech industry advisory panel did include a few community banks.

Regulation 147

Regulation Fintech Community Bank Community 147

PYMNTS

MAY 6, 2020

Cineworld operates 787 theaters in 10 countries. Richards said safety would be assured for patrons because they are operating at 20 percent of capacity, the number of people coming through could be controlled by staggering screening times and requiring online ticketing before arrival. “Can

Operations 131

Operations Washington Survey Regulation 131

PYMNTS

AUGUST 5, 2019

Ride-hailing firm Be Group in Vietnam is launching two delivery services to compete with Grab and Go-Viet, Deal Street Asia reported on Monday (Aug. Unlike Grab and FastGo, Be Group has also registered itself as a transportation business. The company’s beExpress is designed to be a delivery and postal service for eCommerce enterprises.

Groups 108

Groups Regulation Mobile Marketing 108

PYMNTS

JANUARY 20, 2020

Future Group , the Indian conglomerate headquartered in Mumbai, is downsizing its eCommerce division Retail 3.0 The layoffs affected sales, product development, marketing and ground operations and took place over the last few months, two sources said. “The percent stake in Future Group valued at ?2,500 Amazon also acquired a 9.5

Groups 101

Groups Retail Digital Strategies Analysis 101

PYMNTS

NOVEMBER 4, 2019

The IOSCO is made up of regulators across the globe, including Japan, Europe and the U.S. After an assessment, the group found that stablecoins (digital coins backed by real currency or commodities), have both benefits and potential risks. 4 statement. “Our 4 statement.

Groups 101

Groups Security cryptocurrency Regulation 101

PYMNTS

APRIL 1, 2020

Restaurants are tough businesses to operate, even in the best of times — 60 percent fail within their first year, and 80 percent within their first five. Yi said the impact of COVID-19 caught Zoku Sushi “completely flat-footed” by the nearly overnight shutdown that came to its base of operations in Midtown Manhattan.

Operations 171

Operations New Jersey Connecticut Course 171

Perficient

AUGUST 16, 2023

Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. In 2011, Hanes put together a local investment group that purchased the bank from its former holding company, and he became President and CEO of the new bank. He was promoted to President and CEO in 2008.

United States 221

United States Kansas FDIC Risk Management 221

PYMNTS

MARCH 1, 2018

The Bank of England’s chief operating officer is joining the U.K.’s s New Payment System Operator (NPSO). The Payment System Operator Delivery Group is closing to hand down operation of the nation’s payment systems to the New Payment System Operator in an effort to streamline the payment ecosystem.

Operations 100

Operations System Payments Regulation 100

CFPB Monitor

APRIL 13, 2020

Since our last blog post, the plaintiffs in the case, which consist of several industry trade groups, have responded to the defendants’ most recent motion to dismiss. They point to operational and compliance issues (and related costs) encountered as a result of trying to comply with both the new Nevada statute and existing federal law.

Nevada 78

Nevada Groups Regulation Compliance 78

PYMNTS

MAY 29, 2019

Reports in Reuters on Tuesday (May 28) said UBS expects its regulatory costs to remain high in the years ahead after a decade of more stringent regulations leading to heavier, more costly burdens on banks. “That has tied up enormous resources.” “Why is this so significant? “Why is this so significant?”

Regulation 108

Regulation Compliance Capital Resources 108

CFPB Monitor

MAY 23, 2019

The FDIC has announced that it has entered into a settlement of the lawsuit filed against it and the OCC in 2014 by a trade group and several payday lenders challenging “Operation Choke Point” — a federal enforcement initiative involving the FDIC, OCC and other federal agencies. In July 2017, the D.C. In July 2017, the D.C.

FDIC 112

FDIC Operations Policies Regional 112

PYMNTS

NOVEMBER 12, 2020

Chinese President Xi Jinping reportedly personally nixed the Ant Group double initial public offering (IPO), which had been set to be the biggest in the world, The Wall Street Journal (WSJ) reported. He used this as a springboard to critique what he perceived as too much regulation from the government.

Groups 181

Groups Regulation Report Lending 181

PYMNTS

JANUARY 22, 2021

India's central bank wants stricter regulations for big shadow lenders, according to a new report from Bloomberg. The paper comes after a speech by a top RBI official in charge of banking regulation, Bloomberg writes. The Reserve Bank of India , according to the Friday (Jan.

Regulation 272

Regulation Capital Lending Groups 272

PYMNTS

NOVEMBER 16, 2020

Regulation. Tencent Holdings President Martin Lau said further regulations are needed in China to mirror a “new reality.”. As technology companies become bigger and more important to the economy, I would say more regulations to reflect the new reality are needed," Lau said, according to the report.

Maryland 151

Maryland Taxes Online Groups 151

PYMNTS

FEBRUARY 14, 2018

government determines its best approach to cryptocurrency regulation, a commissioner with the Commodity Futures Trading Commission (CFTC) is advising crypto companies to self-regulate. The regulator could have rejected the product, but its approval wasn’t required. While the U.S.

Regulation 101

Regulation Bitcoin cryptocurrency blockchain 101

CFPB Monitor

JULY 12, 2022

However, regulators themselves have been criticized for encouraging de-risking by driving highly risk-adverse decisions by FIs, who are unwilling to take the chance and assume the compliance costs of doing business with specific customers who may in fact be “legitimate,” but whose risk profile is deemed to be high due to their group affiliation.

Regulation 78

Regulation ATM Operations Policies 78

PYMNTS

SEPTEMBER 28, 2018

Following a complaint from Citizens Advice, Britain’s competition regulator might investigate financial service and telecom companies. The group had contended that consumers were being “ripped off” if they didn’t switch providers, Reuters reported. The charity claims that customers were being overcharged by $5.2 billion annually.

Regulation 116

Regulation Groups Security Report 116

PYMNTS

APRIL 4, 2016

federal officials may still be in the early stages of assessing the nation’s alternative lending and small business finance sector, an effort that may eventually lead to regulation of an industry that has yet to face significant crackdowns. The CRBF is not the U.S.’s

Lending 100

Lending Groups Capital Regulation 100