New China Guidelines Increase Foreign Business Opportunities


The 30-page draft guidelines published by the National Development and Reform Commission (NDRC) aim to reverse a slowdown of economic growth partially caused by the U.S.

Lawmakers Call For Stricter Guidelines On NSA Data Collection


Regulation amendment data data collection Government guidelines lawmakers News NSA regulation Surveillance warrant What's HotTwo lawmakers want to pass an amendment that aims to stop a massive data collection program run by the National Security Agency (NSA).

Draft Guidelines Clarify GDPR Scope


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.

Reserve Bank Of India Provides Guidelines For Payment Systems


The Reserve Bank of India (RBI) has set forth guidelines for “on tap” authorization for various payment systems, including the Bharat Bill Payment Operating Unit (BBPOU), Trade Receivables Discounting System (TReDS) and White Label ATMs (WLAs). The Economic Times is reporting that the guidelines include the minimum amount of net worth required, among other guidelines, in an attempt to foster innovation and competition.

UK Retail Banks Draft FinTech Alliance Guidelines


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.

Facebook Seeks Clear Guidelines For Data Sharing


Facebook is asking global regulators to write new data sharing guidelines after the company was compelled to revamp its own approach to the issue, according to a report in the Financial Times.

The EU has released Guidelines for AI Ethics

Perficient Financial Servies

The European Union (EU) has officially declared AI as an important constituent of their economic growth and have put forth rules and guidelines to “trust” the AI system. It’s here.

Japan Eyes Guidelines For Regulation Of Tech Firms


In Japan, the Fair Trade Commission said last week that it has draft guidelines in place that would promote tighter regulation of larger tech firms. The guidelines would address concerns over customer data and would impact companies such as Facebook, Apple and Amazon, among others.

Auto, Tech Industries Have Competing Patent Guidelines For Autonomous Tech


Guidelines for patents on self-driving car technology and internet-enabled vehicles have put tech firms and automakers at odds, according to a report by Reuters. The guidelines by the two industries differ in the way licensing fees get calculated, and the rules for using patented tech.

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.

Fintech Business Model Spotlight: Guideline

CB Insights

The post Fintech Business Model Spotlight: Guideline appeared first on CB Insights Research. GET THE 106-PAGE FINTECH TRENDS REPORT. Download the free report to learn about the biggest trends from fintech in 2018 and ones to watch for 2019. Email. Want the full post? Become a CB Insights customer. If you’re already a customer, login here. Core Intelligence

European AI guidelines give hesitant developers green light


European Commission guidelines on the implementation of artificial intelligence (AI) and machine learning (ML) has given developers a green light and quashed industry hesitancy to experiment with new AI solutions, though care must be taken to limit the data needed to train them, say vendors

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

EU Sets Guidelines To Support Sharing Economy


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.

China Releases New Guidelines To Boost Small Business Lending


The China Banking and Insurance Regulatory Commission (CBIRC) has released new guidelines aimed at getting banks to increase lending to small businesses. According to a report in Financial Times , the new directives were announced Wednesday (March 13) as China looks to overcome financing roadblocks in an effort to get the economy growing again. Economists have pointed to a lack of financing for small and privately owned businesses as the reason for the slowdown in growth.

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

China Issues First Guidelines For Ridesharing Industry


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.

Revised HMDA Examination Guidelines Issued

CFPB Monitor

The CFPB recently posted on its website revised Home Mortgage Disclosure Act (HMDA) examination guidelines. The revised guidelines address the exemption adopted in the Economic Growth, Regulatory Relief, and Consumer Protection Act (also known as S.2155) applicable to the new HMDA data categories added by Dodd-Frank and the HMDA rule adopted by the CFPB in October 2015.

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

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

CFPB Issues Bank Account Deposit Discrepancy Guidelines


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.

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

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

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


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?

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

Digital Identity, (Way) Beyond The Social Security Number


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.

Open Banking publishes Operational Guidelines and Checklist

The Paypers

(The Paypers) The Open Banking Implementation Entity ( OBIE ) has announced the publication of its Operational Guidelines and accompanying Checklist

PSD2: Ready Or Not? Not, Says Whitepages Pro


McLain told PYMNTS that the guidelines the card schemes or PSPs offer to merchants can assist with the technical heavy lifting that can help balance security and commerce. The guidelines could help a merchant capitalize on the maximum number of exemptions that are available as part of PSD2.

OCC Issues Guidelines for Banks Subject to the CRA Requesting Designation as a Wholesale, Limited Purpose, or Special Purpose Bank

CFPB Monitor

The Bulletin rescinds and replaces an attachment to OCC Bulletin 1996-11 entitled “Community Reinvestment Act: Guidelines for Requesting Designation as a Wholesale or Limited-Purpose Institution.”

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

Establishing Cloud Reference Architecture and Best Practices

Perficient Financial Servies

Companies that do not have any guidelines on the use of cloud computing face the risk of cloud sprawl, where the proliferation of cloud instances, services and service providers grow out of control. 12 Factor App guidelines – customized to the PaaS environment.

Swift group to set guidelines for ISO 20022 migrations

Payments Source

Payments messaging standards provider Swift has established a new group to help it promote and assure smooth migration of the cross-border ISO 20022 standard. Network rules Cross border payments

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

Government of India drafts new ecommerce guidelines

The Paypers

(The Paypers) India has proposed a series of consumer safeguards that forbid ecommerce companies to influence pricing or misrepresent the quality of goods and services

Food regulator FSSAI issues guidelines for ecommerce food companies in India

The Paypers

(The Paypers) The national food regulator Food Safety and Standards Authority of India (FSSAI) has issued revised guidelines to step up scrutiny of ecommerce food companies

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.

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

HKMA issues guidelines on smart banking

The Paypers

(The Paypers) Hong Kong Monetary Authority has issued a set of guidelines on open API framework for banking sector to help lenders develop services for customers

Walmart Wants Deliveries ‘OTIF’


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.

Lawyer shares tips on handling gray areas of blockchain regulation

Mobile Payments Today

Even with FinCEN's new guidelines on cryptocurrency, there are still many gray areas. Robert A. Misiala Jr., counsel at BakerHostetler provides some clarity in a Q&A

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

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