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

Abrigo

SEPTEMBER 11, 2023

While leaders must learn and stay informed about innovations, it’s helpful to remember in the process that they often result in life-changing improvements for our businesses and our consumers. Take the financial services industry as an example.

Risk Management 195

Risk Management Data Technology Fintech 195

PYMNTS

OCTOBER 18, 2018

At the time, Heinz Tännler, finance director of the canton of Zug in Switzerland, told reporters that the nation would clarify financial regulations on providing banking services to crypto businesses by the end of the year. “Time is pressing,” he said.

Guidelines 213

Guidelines cryptocurrency blockchain National 213

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

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

PYMNTS

MARCH 27, 2020

While open banking FinTech innovation has initially focused on opening up bank account data to third party platforms, there is another component to the initiative with major implications for the payments landscape. Their use for B2B payments, however, remains limited — but in the U.K., open banking may be able to change that.

Payments 151

Payments Innovation Security Guidelines 151

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

PYMNTS

NOVEMBER 30, 2017

Europe’s Revised Payment Service Directive (PSD2) has yet to come into effect, and some of its guidelines remain in consultation. The EU is also gearing up for additional, overlapping regulations that could confuse financial services players regarding how (and when) to become PSD2-compliant. It won’t be easy, though.

Guidelines 109

Guidelines Regulation Compliance Data 109

Abrigo

FEBRUARY 25, 2022

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 As regulators get up to speed with new FFIEC Exam Manual updates, you may need to remind them that not all groups of customers present the same risk.

Regulation 195

Regulation Policies Compliance Washington 195

Insights on Business

JANUARY 3, 2019

But while mobile devices give us great power and convenience, they also create new security and privacy challenges. Simultaneously, regulators and auditors are issuing new cybersecurity regulations and guidelines. Simultaneously, regulators and auditors are issuing new cybersecurity regulations and guidelines.

Risk Management 128

Risk Management Management Regulation Guidelines 128

PYMNTS

OCTOBER 24, 2018

When it comes to data privacy, it’s not all about General Data Protection Regulation (GDPR), and it’s not all about Europe. The aim may be to foster data privacy and protection while making sure that innovation can take place — but how to get there is open for debate, and some stakeholders want a national data-privacy law in place.

Data 122

Data US California Guidelines 122

PYMNTS

SEPTEMBER 16, 2019

has not implemented regulations like GDPR or SCA, but there has been a groundswell of interest, at least from the private sector. The “who they are” component of SCA’s identity confirmation guidelines might be the area that stands to see the most innovation. Previous efforts for the U.S. Biometrics and SCA .

Compliance 130

Compliance Guidelines Regulation National 130

PYMNTS

SEPTEMBER 11, 2019

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. One-third of companies surveyed in the Real-Time Payments Innovation Playbook planned to implement them within the next three years.

Payments 190

Payments Regional Operations Guidelines 190

American Banker

JUNE 28, 2016

Federal regulations — including the FFIEC's recent mobile security guidelines — have not kept pace with mobile innovation and the security risks users face from smartphone banking platforms.

Mobile 44

Mobile Guidelines Regulation Security 44

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

Chris Skinner

FEBRUARY 7, 2017

In the USA, there is a move by the big banks to get Washington to outlaw access to bank data based on security. guidelines currently address the unique complexity of our financial system. The only person who should access bank data is the customer, the banks bleat. Even with data access, the challenges are high.

Guidelines 150

Guidelines Washington Fintech Data 150

PYMNTS

OCTOBER 6, 2020

Keeping customers' digital payment data safe and secure is a critical part of doing business in the digital economy, and following Payment Card Industry (PCI) compliance guidelines is an effective way for firms to accomplish this. Relying on third parties to store this data also makes the auditing process easier.

Compliance 178

Compliance Meeting Payments Cards 178

NCR

FEBRUARY 22, 2016

Fintech startups utilize innovative technology to make financial systems more efficient, taking advantage of cloud data storage and blockchain technology. They want to get on the cloud, but have concerns about the security of customer data, and are afraid of violating the numerous compliance requirements they must adhere to.

Innovation 40

Innovation Compliance Security Data 40

PYMNTS

MARCH 25, 2016

To put it in terms of things, things are rocky when it comes to security, privacy and the Internet of Things (IoT). The creation of regulation and development guidelines, which have the potential to foster the creation of safer, more secure products, is a tall order.

Security 100

Security Data Innovation Examples 100

PYMNTS

MAY 1, 2020

Financial institutions (FIs) and regulators in Singapore, the E.U. have passed laws or implemented programs over the past two years to put more focus on digital banking and data security, fundamentally changing how online transactions work. with ease, control and security.”. and the U.S. Similar to the U.K.

Innovation 245

Innovation Regulation Digital Banking Security 245

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. Security may be top of mind as the firms seek to comply with the directive (security guidelines have been published by the EBA). Regulation News Closer to Home: The CFPB.

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. Rewriting Regulation. But in a space that’s constantly changing, how can anyone really keep up?

Compliance 100

Compliance blockchain Regulation Data 100

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

MARCH 2, 2020

Lawmakers in New Jersey are proposing a bill to solidify data privacy guidelines and inflict tougher limits on the tech industry, The Wall Street Journal reported on Monday (March 2). Andrew Zwicker (D-Hunterdon), chairman of the Assembly’s Science, Innovation and Technology Committee and lead sponsor of the legislation.

NJ 249

NJ New Jersey Regulation Data 249

Banking 2020

JANUARY 21, 2016

Certainly there are genuine concerns about the security of third party firms. Regulator Benjamin Lawsky warned that “third-party firms can provide a backdoor entrance to hackers who are seeking to steal sensitive bank customer data”. But are banks’ own systems likely to be any more secure? Innovation.

Mobile 40

Mobile Payments Security Innovation 40

NCR

NOVEMBER 21, 2016

One of the fundamental goals of PSD2 is to open up the European payments market to new entrants, which will mean opportunity for innovative fintech firms and payment providers. The legislation introduces and regulates two categories of third-party service providers. The nuts and bolts of PSD2. ” The fraud implications.

Fraud 40

Fraud Compliance Payments Exercises 40

Abrigo

JUNE 12, 2023

In today's interconnected world, efficient and secure money movement is crucial for individuals and businesses alike. Money transmitters like Western Union, PayPal, MoneyGram, Zelle, and many others, facilitate secure digital transactions, allowing people to send and receive funds across borders and within the U.S.

Compliance 195

Compliance Fraud Regulation Guidelines 195

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. The move follows a crackdown that saw the NYPD seize 923 e-bikes a few months ago. and Sacramento.

Apple 100

Apple San Francisco New York Sacramento 100

NCR

MAY 22, 2017

However, with so much more personal data being collected, stored and analyzed by FIs, this will inevitably raise questions about how this data is kept secure, and how banks ensure that their customers’ privacy is being respected. ” The changing regulations. Putting customers first.

Big Data 85

Big Data Data social media Fraud 85

PYMNTS

NOVEMBER 9, 2020

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. is arguably ground zero for open banking and, if investment flows are an indicator of where the FinTech-driven innovation will be, then the U.K.

Fintech 285

Fintech Data Regulation Innovation 285

FICO

SEPTEMBER 29, 2020

Across all markets, regulation moved quickly around payment holidays and moratoriums for both the consumers and SMEs. The payment holidays didn’t follow the traditional forbearance guidelines, as almost everyone qualified. Topic 1: What blind spots do you have in your customer risk and treatment profiling?

Management 87

Management Analytics Data System 87

PYMNTS

APRIL 25, 2016

With Quick Chip, consumers insert their chip card into the terminal, which automatically generates the EMV cryptogram [that secure one-time code]; the card can then be removed from the terminal while the rest of the transaction continues,” Ericksen points out. Yes, folks, that is a huge move in just three months.

Lending 100

Lending Mobile Cards Fraud 100

Insights on Business

MAY 2, 2019

IBM OpenPages with Watson on Cloud allows organizations to add acceleration and agility on top of this with provisioned high-performance, secured, and isolated environments, without compromising capability. and “ Get rid of the noise by streamlining your audit with IBM OpenPages.”. Projects can start faster and deliver value sooner.

Compliance 98

Compliance System Analytics Data 98

Tomorrow's Transactions

DECEMBER 19, 2016

As for the last few years, I’ve put together a “live five” of technology-driven changes in the secure transactions field that will have a real business impact over the coming year. The NIST guideline goes on to talk about using push notifications to applications on smart phones, which is how we think it should be done. Goodbye 2016.

Mobile 30

Mobile Retail Trends Security 30

PYMNTS

OCTOBER 6, 2017

But often, businesses prioritize security of customer data, then safeguard internal company data. Last week, Baer reported on the American Payroll Association’s Fall Forum, which focused heavily on payroll security. Regulatory guidelines may help address this issue. Companies are reasonably aware of it.

Marketing 139

Marketing Data Security Regulation 139

PYMNTS

DECEMBER 27, 2019

What has to happen now is for all the stakeholders who make up the instant disbursement ecosystem as it stands today — large corporates, financial institutions, FinTech platforms, SMBs and consumers — to work collaboratively to make truly seamless and secure instant payments experiences across verticals and use cases a reality in the next decade.

Payments 131

Payments Maine Innovation How To 131

PYMNTS

DECEMBER 17, 2019

Open Banking is making its rounds across the globe as regulators embrace financial services industry competition, and as financial services players — both banks and FinTech firms — recognize their market opportunities by embracing data sharing.

Metro 136

Metro Regional Fintech National 136