PYMNTS

DECEMBER 17, 2019

In a move to prevent technology giants from having an unfair advantage, Japan is planning to increase regulations and demand transparency, Reuters reported on Tuesday (Dec. In September , Japan’s Fair Trade Commission announced that draft guidelines were in place that would promote tighter regulation of larger tech firms.

Guidelines 131

Guidelines Apple Google Regulation 131

PYMNTS

OCTOBER 18, 2018

In July, reports in the Financial Times said Switzerland is working to open the nation’s traditional corporate banking market to cryptocurrency companies finding it difficult to get banked, thanks to fears over anti-money laundering (AML) violations and other compliance issues. “Time is pressing,” he said.

Guidelines 213

Guidelines cryptocurrency blockchain National 213

PYMNTS

JULY 24, 2020

Open banking is often associated with the European Union (EU) almost by default as the region pushes the envelope further on regulation than anywhere, partly to encourage — but also to keep up with — imaginative FinTech innovators going to market throughout the Eurozone. FinTechs Flourishing. Similarities To The EU.

America 168

America Regional Regulation Fintech 168

PYMNTS

OCTOBER 13, 2019

Bengaluru-based Razorpay would like to work with the Reserve Bank of India (RBI) on new regulations that would make it mandatory for payments companies to comply with RBI’s entry point, technology, security, data storage and more. So far, we haven’t dealt with the regulator directly, because we were small. It is a welcome step.

Payments 140

Payments Regulation Guidelines Innovation 140

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Those interviewed by the GAO also said that guidelines would be of help in making sure lending is done efficiently.

Lending 150

Lending Fintech Data Wyoming 150

PYMNTS

FEBRUARY 3, 2020

This prospective growth can largely be attributed to the Monetary Authority of Singapore (MAS), the region’s main regulator, which announced in June 2018 that it would grant five digital banking licenses to third-party companies. What we see is an opening up of customer data as a ground-up [innovation] process led by the banks themselves.

Digital Banking 185

Digital Banking Innovation Maine Regulation 185

Bank Innovation

SEPTEMBER 21, 2017

“High-tech,” or fintech banks may be required to hold higher capital buffers and larger liquidity when entering Europe, the European Central Bank said in draft licensing guidelines today.

Fintech 249

Fintech Guidelines Capital Marketing 249

PYMNTS

SEPTEMBER 28, 2020

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. Regulators in countries like Egypt have only recently rolled out their data protection rules.

Online 151

Online Report Payments Regulation 151

Abrigo

FEBRUARY 25, 2022

Takeaway 3 Keep an eye on updates to changing markets, including cannabis and antiquit ies trading . Codified risk-based approach The AMLA codified the risk-based approach for the first time, and a thorough risk assessment is necessary to justify businesses to your regulators. ?As What to Watch.

Regulation 195

Regulation Policies Compliance Washington 195

PYMNTS

NOVEMBER 13, 2018

Alloy’s Julieann Thurlow, CEO of Reading Cooperative Bank, said, “Community banks play a special role in the lives of our customers, but we don’t have the same IT and innovation budgets as the big banks to capitalize on that relationship.” Guidelines From The UK. and MarketInvoice.

Community Bank 183

Community Bank Community Fintech Arizona 183

Perficient

AUGUST 14, 2020

Evolving Regulations – Each state has their own guidelines for managing this health crisis. To respond effectively, providers need immediate access to disparate data like bed capacity and COVID positive and COVID negative hospital staff.

System 519

System Analytics Strategy Guidelines 519

PYMNTS

MARCH 25, 2019

While plenty of countries are seeing this as an opportunity to grow, some markets are still holding out. DNB is responsible for approving PSD2 payment licenses in the Dutch market, so third parties will have to follow their guidelines if they want to continue operating in the region. PSD2 and the customer awareness problem.

Regional 108

Regional Regulation Data Payments 108

PYMNTS

DECEMBER 19, 2018

As has been reported, the Korean Bar Association has urged the government to put blockchain regulations in place. Separately, a report from New Zealand’s innovation agency, Callaghan Innovation, has said there can be growth in the country’s largest export if firms leverage blockchain. Change is 70 percent owned by McKesson.

blockchain 155

blockchain Guidelines Report Regulation 155

PYMNTS

JUNE 13, 2019

The path to the autonomous vehicle future is gaining clarity, but given all the factors involved – not only regulation and technology, but also relationships among participants, to say nothing of the massive cultural change of drivers giving up power behind the wheel – there is still a ways to go. Another challenge going forward?

Guidelines 123

Guidelines Apple Report Technology 123

PYMNTS

JANUARY 15, 2019

central bank, is getting a bit worried about sharing some of the financial infrastructure with tech upstarts such as OnDeck Capital and Kabbage , a sense of caution that the newswire said puts the bank “at odds with other regulators looking to bring [those firms] into the fold.”. Reuters reported early Monday (Jan.

Fintech 148

Fintech St. Louis System Regulation 148

PYMNTS

MARCH 6, 2018

s exit from the bloc next year, the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region. A “blueprint” that includes best practices and guidelines for setting up innovation hubs will be released by the final quarter of 2018 for regulatory “sandboxes.” exits the bloc in 2019.

Fintech 136

Fintech blockchain Maine Guidelines 136

Insights on Business

OCTOBER 16, 2018

Regulations such as the second payment services directive (PSD2) and the Open Banking project spearheaded by the UK’s Competition and Market Authority (CMA) are driving disruption in the banking value chain. Meanwhile, new competitors are entering the market and tearing up the traditional banking rule book. Embracing change.

Capital 157

Capital Tools System blockchain 157

Insights on Business

FEBRUARY 14, 2019

Massive volumes of regulations are being developed across global financial market segments. In particular, next generation governance, risk and compliance has been a key topic with sessions focused on how advanced technologies such as AI, advanced analytics and cloud deliver innovative financial services solutions.

Compliance 125

Compliance Risk Management Case Study Meeting 125

PYMNTS

MAY 30, 2018

Banks, he noted, have to be compliant with a host of extremely stringent regulations, and often across multiple jurisdictions – all with different rules. Throw into the mix consumer protection guidelines, active anti-money laundering checks and capital requirements, and things get difficult, Oosthuizen noted.

Fintech 160

Fintech Regulation Compliance Innovation 160

PYMNTS

DECEMBER 7, 2020

European Union (EU) guidelines released on Monday (Dec. These guidelines set the standard for algorithmic ranking transparency and will increase fairness in the online platform economy, which drives innovation and welfare for millions of Europeans,” Margrethe Vestager , digital chief, EU, said in a European Commission statement. .

Guidelines 217

Guidelines Google Regulation Online 217

PYMNTS

JULY 4, 2018

The news comes as the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region as the EU prepares for the U.K.’s A “blueprint” that includes best practices and guidelines for setting up innovation hubs will be released by the final quarter of 2018 for regulatory “sandboxes.”

Fintech 105

Fintech Guidelines blockchain cryptocurrency 105

PYMNTS

SEPTEMBER 8, 2016

Both vehicle marketing and GPS coordinates may be used in order for drones to best identify the vehicles that they are cleared to land on, the patent filing stated. Earlier this year, the Federal Aviation Administration (FAA) released updated regulations on the use of commercial drones in U.S.

Guidelines 100

Guidelines System Community Regulation 100

FICO

JUNE 21, 2021

With novel artificial intelligence (AI) applications multiplying like rabbits these days, it may seem like the current wave of AI innovation is all beer and skittles. Can Your AI Pass Muster with Regulators? Auditable AI Can Help Prevent Legal Challenges. In my 2020 AI predictions blog I foresaw the rise of AI advocacy groups.

Data 116

Data Groups Regulation Analytics 116

PYMNTS

JULY 15, 2016

These products are, in fact, the underpinning for pure play digital banking services offered by innovators like Chime or Green Dot. That puts these products under the rubric of Regulation Z, which Fauss says was never meant to handle deposit accounts. “The lines become very blurry,” Fauss told Webster.

Cards 100

Cards Millennials Regulation Cyber Security 100

PYMNTS

MAY 1, 2020

Financial institutions (FIs) and regulators in Singapore, the E.U. Regulators may have shifted their focuses away from these initiatives and toward making sure their customers have the financial access they need to survive the pandemic, but the long-term goals of. these programs appear to have remained the same in most markets.

Innovation 245

Innovation Regulation Digital Banking Security 245

NCR

FEBRUARY 22, 2016

Fintech startups utilize innovative technology to make financial systems more efficient, taking advantage of cloud data storage and blockchain technology. You can assure your customers that their data is safe by following a few basic guidelines. Look for cloud solutions that allow you to control how your data is stored and protected.

Innovation 40

Innovation Compliance Security Data 40

Insights on Business

MAY 6, 2019

Unlike the latter areas, fraud prevention is an area not as heavily governed by regulations or specific rules of what a financial institution should or should not allow. This is especially critical when using data proxies, which may “break” during market or financial condition changes. Expect a trend in this direction.

Fraud 102

Fraud Regulation Compliance Analytics 102

PYMNTS

JANUARY 15, 2018

With that access, the thinking goes, new market entrants can offer new services to end users, with eyes dually focused on innovation and costs. One survey (from consumer marketing firm Which? enforcement is done through the Competition and Markets Authority and by the Information Commissioner’s Office. In the U.K.,

CA 112

CA Bitcoin Data Security 112

PYMNTS

OCTOBER 13, 2016

Regulation and compliance can be a tough space for many to wrap their heads around. As technology advances, the threat to digital security and identity protection becomes greater, forcing regulations to quickly adapt. But Madhu said both regulators and the industry itself are catching onto the power digital identity has in compliance.

Compliance 100

Compliance blockchain Regulation Data 100

PYMNTS

AUGUST 19, 2016

Japan’s Financial Services Agency (FSA) announced its own plan to boost the FinTech market by making it easier for companies to collaborate with the financial technology industry. How do we maintain momentum while keeping an eye on rivals and new markets? “FinTech will have a big impact on financial services.”

Fintech 100

Fintech Mobile Guidelines System 100

PYMNTS

APRIL 6, 2018

Bicycles in their modern form became common in the early 20th century, making them a brilliant innovation that had the misfortune of showing up on the scene shortly before a slightly better one rolled out: the automobile. They have yet to crack the New York City market, where they have not been legal. and Sacramento.

Apple 100

Apple San Francisco New York Sacramento 100

FICO

MAY 24, 2022

We are committed to increasingly improving the management of social and environmental factors in our businesses and in supporting the market in the same direction, helping our customers in the transition to a less carbon-intensive economy and more resilient to the climate change impacts.”. Every financial firm will need to change.

Analytics 52

Analytics Management Regional Policies 52

NCR

NOVEMBER 21, 2016

It’s a regulatory shift that has been described as “ one of the biggest changes that the banking sector has ever faced “ The updated rules will have repercussions including more openness to new players in the payments market, as well as some significant implications in terms of fraud. The nuts and bolts of PSD2.

Fraud 40

Fraud Compliance Payments Exercises 40

Banking 2020

JANUARY 21, 2016

Regulator Benjamin Lawsky warned that “third-party firms can provide a backdoor entrance to hackers who are seeking to steal sensitive bank customer data”. It’s a potential risk that needs to be weighed against the need to get services to market quickly and effectively. Innovation.

Mobile 40

Mobile Payments Security Innovation 40

Abrigo

JUNE 12, 2023

A regulatory baseline Benefits to adopting the model money transmitter act framework Money transmitters are regulated at the state level, and the absence of a standardized licensing and regulatory framework across states can lead to consistency and challenges for money transmitters. alone, handling $6 trillion in payments.

Compliance 195

Compliance Fraud Regulation Guidelines 195

PYMNTS

NOVEMBER 9, 2020

In banking, collaboration — between the traditional players like banks and the tech savvy FinTechs bringing a slew of new apps to market — is key. there are indications that the opening of data flows between financial services companies has led to strong innovation (and demand for that innovation), and more regulation may loom.

Fintech 285

Fintech Data Regulation Innovation 285

PYMNTS

OCTOBER 6, 2017

Regulators across the globe are looking to ensure that customer and corporate data is secure, and those initiatives include outlining cybersecurity standards for payroll systems. These companies need to procure a reliable payroll partner across borders to pay their expanding workforce in other markets, she continued.

Marketing 139

Marketing Data Security Regulation 139