Draft Guidelines Clarify GDPR Scope

PYMNTS

As GDPR continues to take root, having an impact in Europe and beyond the confines of the continent, news came late last month that the European Data Protection Board has published draft guidelines that touch on the data protection regulation’s territorial scope.

UK Retail Banks Draft FinTech Alliance Guidelines

PYMNTS

banks and financial technology firms have worked together to create a set of guidelines to improve the relationship between FinTech startups and financial institutions (FIs). Top U.K.

EU Sets Guidelines To Support Sharing Economy

PYMNTS

And recently, the European Union set out guidelines about its thoughts on how the sharing economy — AKA companies like Uber, Lyft and Airbnb — should be regulated. This new set of guidelines is only advisory and has no true regulatory powers. What the commission will do is use this series of guidelines to help government legislation form a better framework so that national laws don’t violate any of the EU laws.

Hong Kong Monetary Authority Drafts Guidelines for Virtual Banks

Bank Innovation

The Hong Kong Monetary Authority has released draft guidelines for virtual banks looking to set up in the region, the South China Morning Post reported today.

EBA released final Guidelines on fraud reporting

The Paypers

(The Paypers) The European Banking Authority (EBA) has published its final Guidelines on fraud reporting under the revised Payment Services Directive (PSD2

China Issues First Guidelines For Ridesharing Industry

PYMNTS

A Cabinet document laid out the guidelines for registrations, fares, employment of drivers and how much they should get paid. Uber, which has operations in greater than 60 cities in China, was happy about the news, saying in a statement that it looks forward to working with both the national and local government in the region to put the new guidelines into practice, while Didi called the rules a milestone in China’s march to develop the ridesharing industry.

CFPB Issues Bank Account Deposit Discrepancy Guidelines

PYMNTS

The agencies said that the interagency guidelines state that the banks should “avoid or reconcile” what is credited to a customer account and how much was deposited. On Wednesday (May 18), the Consumer Financial Protection Bureau said that it, along with four other federal regulatory agencies, issued guidance covering the oversight of consumer deposit discrepancies.

New PPI Draft Guidelines – Shift in Approach?

Let's Talk Payments

For many decades, despite the government’s best efforts, a vast segment of the Indian market was underserved in terms of financial services, including basic banking services. In this context, and. Fintech Mobile Wallet Payments Asia Europe insights US

RBI Announces Guidelines for P2P NBFCs

Let's Talk Payments

In the ever so evolutionary space of FinTech, the journey of a market starts with payments and slowly moves on to lending and so on. They come in various shapes. Banking Fintech Insights Lending Loans P2P Asia Europe India insights US

How device intelligence tech can help FIs comply with key FFIEC mobile security guidelines

Mobile Payments Today

In April, the Federal Financial Institutions Examination Council released updated security guidelines for mobile banking and payments. Michael Lynch, the chief strategy officer for InAuth, highlights some important parts of the new document that banks need to keep in mind going forward

EBA unveils final guidelines on security measures for PSPs

The Paypers

(The Paypers) The European Banking Authority (EBA) has published its final Guidelines on security measures for operational and security risks of payments services under PSD2

SIMalliance offers guidelines for MNOs on authentication

The Paypers

(The Paypers) SIMalliance has published a set of guidelines to enable mobile network operators (MNOs) deploy Mobile Connect services which use an authentication application provisioned on the user`s SIM card

CFSI Proposes Data Sharing Guidelines

American Banker

The Center For Financial Services Innovation has released a framework it says is designed to spur safe data sharing between banks, fintechs and third-party data aggregators. breaking_news consumer-finance data mobile pfm apis sailthru-no-lead bank-technology

Digital Identity, (Way) Beyond The Social Security Number

PYMNTS

To that end, the National Institute of Standards and Technology (NIST) has just updated its guidelines — spanning four volumes — on digital identity services. The drafts were finalized after 74,000 unique visitors took a look and weighed in on suggestions overhauling previous guidelines (this is the third iteration and the first in four years). . We learned a lot … it was obvious that [previous] guidelines” which have worked well over the past 10 years, needed changes.

PCI Council updates guidelines for securing ecommerce transactions

The Paypers

(The Paypers) Industry body the Payment Card Industry Security Standards Council ( PCI SSC ) has updated its best practice guidelines for securing ecommerce transactions

Why India Needs to Strongly Consider Open Banking Guidelines

Let's Talk Payments

To promote the sustainable, broad-based and versatile growth of FinTech. To innovate on the distribution of banking products and services in ways that can directly impact the consumer. There are. Banking India Insights Asia FreeCharge insights Paytm

Easy-to-remember guidelines help people reduce credit card debt

CFPB

If you’re trying to cut down your credit card debt, research shows it can help to keep a short guideline in mind. Info for consumers Financial education Credit Financial empowerment Credit cards

Weighing CFPB’s HMDA resubmission guidelines

ABA Community Banking

Proposal to consider changes to guidelines adds complication Compliance Blogs Common Sense Compliance Fair Lending Mortgage/CRE Residential. 1Common Sense Compliance

Indonesia completes setting guidelines for ecommerce businesses

The Paypers

(The Paypers) The Investment Coordinating Board (BKPM ) of Indonesia has almost completed the process of setting the guidelines for ecommerce companies

European Commission to set ethical guidelines for AI

The Paypers

(The Paypers) The European Commission has presented a series of measures to put artificial intelligence (AI) at the service of Europeans and boost Europe’s competitiveness in this field

Join Sageworks and Linda Keith Wednesday February 24th for “The Cs of Credit Guidelines for Tax Return Analysis” Webinar

Sageworks

This time, Linda will be discussing "The C's of Credit Guidelines for Tax Return Analysis." When Linda Keith asks a guidelines question in Tax Return Analysis training, she generally hears different answers throughout the room, even among attendees from the same bank. To the extent your lending professionals do not agree on the guidelines, they cannot treat loan requests in a consistent manner. Should your guidelines be flexible or are they hard and fast rules?

Reserve Bank of India rules online marketplaces must comply with 2009 guidelines

The Paypers

(The Paypers) Reserve Bank of India has ruled that online marketplaces must adhere to its 2009 guidelines on settlement of payments for electronic payment transactions involving intermediaries

FCA supports guidelines on the Open Banking Fall-Back Provisions Exemption

The Paypers

(The Paypers) The Financial Conduct Authority has outlined its approach to implementing key standards under the revised Payment Services Directive

EBA launches public consultation on draft Guidelines to help PSPs comply to PSD2

The Paypers

(The Paypers) The European Banking Authority (EBA) has launched a public consultation on its draft Guidelines to ensure and monitor compliance by payment service providers (PSPs) of the PSD2

Walmart Wants Deliveries ‘OTIF’

PYMNTS

In response, Walmart is replacing the delivery time window concept with a delivery guidelines program it announced in August called “on time, in full” (OTIF). Walmart suppliers will also face monthly evaluations under the new delivery guidelines, meaning they will first begin seeing the effects of the new policy when they are invoiced at the end of September.

CFPB’s data-sharing guidelines are a boon for innovation

BankThink

While the Consumer Financial Protection Bureau was careful to note that the principles were not binding, the industry should still adopt the guidelines going forward. Data ownership Customer data Data transparency Digital banking

CFPB’s data-sharing guidelines are a boon for innovation

Payments Source

While the Consumer Financial Protection Bureau was careful to note that the principles were not binding, the industry should still adopt the guidelines going forward. Data ownership Customer data Data transparency Digital banking Payment processing

Developing refinance guidelines that work

CU Insight

Reevaluating lending guidelines, relaxing lower credit minimums, and allowing for higher loan-to-value (LTV) gives financial institutions more opportunities to bring on new borrowers. The post Developing refinance guidelines that work appeared first on CUInsight.

Guidelines for Cyber Information Sharing Released

New York's State of Mind

Is the best way to protect American citizens from cyberattacks to maximize the amount of information that companies can freely share with the federal government or should we instead place restrictions on anyone’s ability to access computer information? This question is at the forefront of the news this morning and its answer has very practical […]. Compliance General Regulatory technology Apple CISA cybersecurity

Banking groups' guidelines on data sharing are misguided

BankThink

Rather than ban screen scraping, financial institutions should improve secure account connectivity so that consumers can share data with the apps they want to use. Data security Data mining APIs Digital banking

Banking groups' guidelines on data sharing are misguided

Payments Source

Rather than ban screen scraping, financial institutions should improve secure account connectivity so that consumers can share data with the apps they want to use. Data security Data mining APIs Digital banking Payment processing

WARNO: New security clearance guidelines make it more important than ever for servicemembers to monitor their credit

CFPB

How to safeguard your credit record and avoid security clearance problems. Info for consumers Credit reports and scores Debt collection Servicemembers

Here’s what you need to know about the new FFIEC HMDA Examiner Transaction Testing Guidelines

CFPB

The Federal Financial Institutions Examination Council (FFIEC) announced new Home Mortgage Disclosure Act (HMDA) Resubmission Guidelines for all financial institutions that report HMDA data. Policy & Compliance Mortgages HMDA

Board view on OCC’s heightened risk management “guidelines”

ABA Community Banking

Where is the due process for bank directors? Management Duties CSuite Viewpoints. 1Management

5 Guidelines for social media usage in your credit union

CU Insight

There are guidelines you MUST have in place in order to stay compliant with your social media strategies, however. Marketing/Social Media Comments Complaints Encompass FFIEC Guidelines Policies Risk Managementby: Matt Wilhelm.

Best practice guidelines for data centre optimisation

Bob's Guide

By Wil Cunningham, head of WilPower IT Consulting. An ex-RBS senior IT manager and now a contractor with Lloyds Banking Group and other banks. Wil Cunningham, an independent technology consultant who oversaw RBS’s Data Centre Optimisation (EDCO) programme in Scotland and has spent the

Best practice guidelines for data centre optimisation

Bob's Guide

By Wil Cunningham, head of WilPower IT Consulting. An ex-RBS senior IT manager and now a contractor with Lloyds Banking Group and other banks. Wil Cunningham, an independent technology consultant who oversaw RBS’s Data Centre Optimisation (EDCO) programme in Scotland and has spent the

A Step by Step Guide to Business Continuity Planning

Strategically Speaking

Here are the steps to a successful Business Continuity Planning process: business continuity plan business continuity guidelinesAuthor: Eric Flick, EFlick@jackhenry.com.

Fed issues guidelines for bank boards; The problems with the CFPB

BankThink

Guidance focuses on five key traits, including overseeing risk profiles; a former Congressional aide says agency must be accountable. Morning scan SIFIs Robo-advisors Janet Yellen Federal Reserve CFPB PayPal Acorns Goldman Sachs JPMorgan Chase

Best practice guidelines for large IT implementation or integration projects

Bob's Guide

By Wil Cunningham, head of WilPower IT Consulting. An ex-RBS senior IT manager and now a contractor with Lloyds Banking Group and other banks. Wil Cunningham, an independent technology consultant who oversaw RBS’s Edinburgh Data Centre Optimisation program and has spent the last two

Credit union analytics comes of age: 9 essential guidelines

CU Insight

The report lists 10 essential guidelines. The post Credit union analytics comes of age: 9 essential guidelines appeared first on CUInsight.

Best practice guidelines for large IT implementation or integration projects

Bob's Guide

By Wil Cunningham, head of WilPower IT Consulting. An ex-RBS senior IT manager and now a contractor with Lloyds Banking Group and other banks. Wil Cunningham, an independent technology consultant who oversaw RBS’s Edinburgh Data Centre Optimisation program and has spent the last two

Protect employees with social media guidelines

CU Insight

HR expert suggests incorporating cyber bullying policies. We live in a digital world and, through the popularity of social media, personal opinions and thoughts can be shared with thousands of people instantaneously. However this platform for relaying information can transcend workplace aggression into cyber bullying.