PYMNTS

MARCH 27, 2020

While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. European Union and other regions currently fighting the pande mic. Security .

Data 199

Data Retail US California 199

South State Correspondent

APRIL 10, 2023

Nonetheless, with the recent collapse of sizeable regional banks, regulators, investors, analysts, accountants, and bankers are now scrutinizing the fair value of banks’ securities and loan portfolios. Fair Value of Loans The fair value of securities has made recent headlines with a focus on regulators, legislators, and bankers.

Community Bank 195

Community Bank Community Security Capital 195

PYMNTS

NOVEMBER 8, 2020

Now, Reuters reported Amazon is lodging a complaint with India's market regulator. The whole controversy has likely damaged Amazon's ties with Ambani, who is Asia's richest man, and the Reliance group, fast spreading in the region as a leader in eCommerce. But Future said that order is non-binding. On Saturday (Nov.

Retail 230

Retail Industry Regional Groups 230

Abrigo

FEBRUARY 8, 2024

Takeaway 2 Client fraud education at financial institutions should include takeaways that explain how to protect themselves from phishing and tips for staying secure online. While fraud detection software and robust security measures are essential, educating clients on fraud prevention is equally important.

Fraud 195

Fraud Resources social media Software 195

PYMNTS

MAY 2, 2016

When it comes to ensuring the resiliency of clearing houses that process derivatives, better checks and balances are necessary in the European Union, according to a regulatory watchdog in the region. The overarching theme is the industry must withstand its two biggest members toppling into default.

Regulation 100

Regulation Regional New York Industry 100

PYMNTS

AUGUST 3, 2020

It is unclear whether the bank knew its services were being used to skirt anti-money laundering regulations, the paper reported. ‘Ndrangheta operates from the Calabria region in Southern Italy. .” The FT added: “Since then, more than 30 people have been sentenced for mafia-related crimes linked to the case.”

Regional 362

Regional Online Fintech Regulation 362

PYMNTS

DECEMBER 4, 2018

The recommendations came from a number of trade groups, said the publication. Community and regional banks play a crucial role alongside our biggest banks in monitoring transactions across the country.”. financial system.”.

Innovation 161

Innovation Regulation Compliance Idaho 161

PYMNTS

FEBRUARY 28, 2020

In a report titled “The Dark Side of Latin America,” IntSights, which monitors cyberthreats, said Latin America is among the top regions for money laundering, done at least in part through cryptocurrency, and that such tactics are favored by organized crime.

America 217

America cryptocurrency Regional ATM 217

PYMNTS

JANUARY 8, 2019

In addition, Pakistan’s Telenor Microfinance Bank unveiled a cross-border remittance service based on Alipay’s blockchain technology, Indonesia’s KinerjaPay notched an investment of $200 million from a construction firm in the region and mobile payments are on the rise in China.

Regional 128

Regional blockchain Mobile United States 128

PYMNTS

MAY 18, 2016

Jones recently spoke with PYMNTS about how emerging “RegTech” (regulatory technology) companies — among which he classifies Trulioo — are simultaneously helping businesses securely navigate increasing regulatory hurdles while moving innovation forward. PYMNTS: You classify yourself as a RegTech company.

Innovation 100

Innovation Technology Regulation Fraud 100

PYMNTS

MAY 21, 2020

As politicians across the globe grapple with the pandemic’s continued economic fallout and the need to get stimulus funds to individuals, corporations and even local governments with speed and security, digital delivery of those dollars is likely to gain increasing traction. As reported in this space last month, the efforts are still nascent.

United States 244

United States Regional cryptocurrency Retail 244

PYMNTS

MAY 10, 2016

The only way to predict what the emerging payments trends are for today is to seek out the one group of people who has the power to control the entire market: consumers. But, of course, no two consumers are exactly alike – especially when comparing consumers across different regions of the world. How Emerging Payments Stacked Up.

Regional 100

Regional Payments Study Cards 100

PYMNTS

FEBRUARY 4, 2019

A series of regulations was established to encourage a safer, more transparent financial services environment following the 2008 financial crisis. Failure to meet AML/KYC requirement challenges can be costly for FIs, too, with regulators issuing heavy fines for lax security practices or failure to devote sufficient resources to oversight.

How To 161

How To Regulation Compliance Meeting 161

Abrigo

JULY 7, 2022

What Will Auditors and Regulators Expect with CECL Accounting? A panel of CECL accounting experts described how auditors and regulators are viewing various aspects of implementation. . Takeaway 2 Auditors and regulators don't have preconceived expectations about how CECL reserves might change for an institution.

Regulation 195

Regulation Management Video Data 195

PYMNTS

SEPTEMBER 15, 2020

To that end, Bloomberg reported at least some financial regulators from the European Union say there need to be strict controls governing central bank digital currencies in place — and Libra (among other private efforts) may present a threat to financial stability. Central bank digital coins on the Continent – but plenty of room for cash.

Boston 227

Boston Retail Meeting Maine 227

PYMNTS

FEBRUARY 20, 2020

will no longer have access to European Union data security, instead being moved by the tech giant to American jurisdiction, according to officials, according to Reuters on Wednesday (Feb. companies, is staying in the EU and will keep some of the EU’s famously stringent data protection rules, the General Data Protection Regulation.

Google 141

Google US Data Regional 141

PYMNTS

JANUARY 30, 2019

They face the challenge of offering customers a smooth onboarding process while also remaining rigorous in know your customer (KYC) efforts, taking care to remain compliant with local anti-money laundering (AML) regulations that aim to keep criminals from using legitimate operations to move money illegally. News From The AML/KYC Ecosystem .

How To 170

How To blockchain Compliance Regional 170

Chris Skinner

MAY 3, 2017

Weill, CEO of Travellers Group. Big Swinging Dickettes.” Weill himself had grown up on Wall Street, building Shearson Loeb Rhoades into the second largest securities brokerage in the USA, just behind Merrill Lynch. Then came the dream: to get a full service bank as part of the Group’s operations.

Groups 196

Groups US Operations Regional 196

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. and Summit Financial Group, Inc.

Fintech 194

Fintech Community Regional Technology 194

PYMNTS

JUNE 19, 2018

The time for “wait and see” is running out when it comes to new European privacy regulations. Soon enough, the financial and consumer impacts of the General Data Protection Regulation (GDPR) will become clear enough that companies that took a laggard’s approach may start to feel significant pain.

Regulation 101

Regulation eBook social media Case Study 101

PYMNTS

MARCH 26, 2018

In legislative news, a bipartisan bill is making its way through Congress that urges government agencies to look into using blockchain to help store and secure data. Also on the world stage — amid financial regulation coordination — the Financial Stability Board (FSB) is training its gaze on working with existing rules rather than new ones.

blockchain 102

blockchain Fintech Colorado cryptocurrency 102

PYMNTS

MARCH 4, 2019

Nordea, the biggest bank in the Nordic region, is being accused of handling millions of dollars in suspicious transactions for several years. Yle is part of a group of media companies that joined forces to look into money laundering in the Baltics tied to Russia.

Virgin Islands 116

Virgin Islands Taxes Regulation Regional 116

PYMNTS

AUGUST 14, 2019

For these transactions to run smoothly, however, communication must remain seamless and secure. A group of Nordic banks have selected Mastercard to overhaul its financial services operations for the region. The Tracker explores how smooth payment flows can offer ecosystems improved speed, security and insights.

Fintech 168

Fintech Payments Cards Regional 168

PYMNTS

JUNE 3, 2016

HP sold a majority stake in its networking equipment operation to Tsinghua Unigroup, and looks to recoup lost sales in the region that way. And in the midst of antitrust investigations, Microsoft has, along with chip giant Qualcomm, set up Chinese joint venture entities with an eye on security regulations in China.

Payments 100

Payments Samsung Apple Security 100

PYMNTS

AUGUST 1, 2018

Small businesses are essential job generators, and the major driver of economic growth and vibrancy for all regions of the country.”. It is critical that we respond to the needs and concerns of Main Street America,” said Snowe in a statement. Suggestions included that the U.S.

Policies 100

Policies Report Regulation Maine 100

PYMNTS

FEBRUARY 21, 2018

A regional government in Russia is now working with state-backed VEB, reports in CoinDesk said this week, as authorities explore how to use blockchain “to improve the quality of management decisions.”. As regulators begin to consider blockchain regulations, many have signaled a desire not to hamper innovation while doing so.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

JUNE 2, 2020

We’ve been down this road before, when, in 2017, Ant Financial Services Group struck a pact to acquire MoneyGram. regulators. In April, the World Bank said global remittances will decline by about 20 percent this year to about $445 billion, and across all regions. That deal fell apart amid scrutiny from U.S.

Regional 133

Regional US Marketing Trends 133

PYMNTS

JUNE 27, 2019

Digital enterprises are going regional and instant payments are going national (and earlier than originally scheduled). Nubank’s $10B Regional Expansion . And it seems they are track to actually meeting that goal: The firm has been in talks with SoftBank Group for a new round of funding that could actually get them there.

blockchain 147

blockchain Payments Regional America 147

PYMNTS

MARCH 11, 2019

In the wake of a slew of European money laundering scandals, deposits in the euro zone region from foreign countries dropped significantly in the latter half of 2018. However, the risks associated with non-resident deposits carry the most potential for trouble, because they are harder to regulate.

Regional 148

Regional Examples Capital Regulation 148

CFPB Monitor

FEBRUARY 10, 2021

The MOU adds to the current collaboration framework and does not replace existing MOUs between the agencies and state regulators. The agencies will also establish a working group to develop a process for sharing information securely.

Training 78

Training Compliance Meeting Leadership 78

PYMNTS

FEBRUARY 14, 2020

directive has its challenges in a world where, so far, there are no global or even regional standards as to what data can be collected to create, maintain or verify identities. The initiative will be on hold until the government enacts new laws that would safeguard data security. Cohen told Webster the U.N.’s The Micro Level.

How To 205

How To National Data Fraud 205

PYMNTS

AUGUST 29, 2018

Users in the region are able to spend and acquire Dash through their mobile phones, which comes loaded with the Dash ecosystem. In other news, the Alabama Securities Commission (ASC) is working on “Operation Cryptosweep” with the North American Securities Administrators Association, AL.com reported.

Alabama 100

Alabama Operations Bitcoin cryptocurrency 100

PYMNTS

APRIL 30, 2018

During the exchange, lawmakers raised the specter of regulating Facebook — which boasts more than 2.2 similar regulations are already being put to the test in other regions around the world. While such a move might be unprecedented in the U.S., Among the most significant GDPR components is the need for enhanced authentication.

Data 119

Data Compliance social media Regulation 119

PYMNTS

MARCH 10, 2017

Bitcoin had spent the past week climbing toward new record highs on optimism that the Securities and Exchange Commission (SEC) could soon approve a bitcoin-based exchange-traded fund. YUNBI will make efforts to build a healthy blockchain assets exchange under the regulation requirements.”.

Bitcoin 116

Bitcoin Regional blockchain Regulation 116

BankUnderground

MAY 11, 2021

When securing a mortgage, the down payment constraint is one of several different borrowing constraints that come into play. To exploit this geographic variation in exposure to HTB, we construct an HTB exposure measure using detailed data on all regulated mortgages originated in the UK from the Financial Conduct Authority. To conclude.

Marketing 119

Marketing Regional Payments Policies 119

PYMNTS

JUNE 8, 2020

“Because we think those payments are safer and secure, we might double down on P2P, for example.”. That includes a particular focus on real-time payments and the security concerns surrounding them. The P27 Nordic Payments Platform is owned by Danske Bank, Handelsbanken, Nordea, OP Financial Group, SEB and Swedbank.).

Payments 167

Payments Examples Retail Fintech 167

PYMNTS

DECEMBER 27, 2016

The world of global payments is evolving rapidly — driven by an increasingly global economy, expanding consumer buying power in regions like Asia and South America, rising adoption of digital payment methods and increasing concerns over security and transparency. Security is also important.

Payments 113

Payments eBook Regional Study 113