PYMNTS

JANUARY 31, 2020

Financial institutions (FIs) and merchants in the European Union (EU) have had some time to get used to both the General Data Protection Regulation (GDPR) and the revised Payment Services Directive (PSD2). Australian regulators are still deciding how Open Banking will affect FIs within their country.

Digital Banking 136

Digital Banking Guidelines Regulation Data 136

PYMNTS

MAY 20, 2020

The Eurosystem [aims to create] an integrated payments area in Europe where solutions are based on a common scheme, and Pan-European market infrastructures, such as TIPS, [bring] benefits to citizens and businesses alike,” the ECB told PYMNTS in a recent interview. Official guidelines and regulations can only go so far, however.

Payments 210

Payments Guidelines Regional Strategy 210

Perficient

JANUARY 7, 2021

They had to change the way they operate with new social distancing guidelines. The government has regulations for greenhouse gas emissions, and companies have carbon-neutral goals. No one knew what to make of it. At the same time, dealers were closing their doors temporarily to help reduce the spread.

Marketing 309

Marketing Industry Mobile Massachusetts 309

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

Abrigo

MAY 18, 2023

How to evaluate loan review processes based on their scope and depth A closer look at loan review can help your institution determine what steps to take to please regulators and streamline processes. Takeaway 2 Examining regulatory guidelines and matching up your current loan review process can help assess roles and procedures.

Lending 195

Lending Training Guidelines Policies 195

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

MAY 22, 2020

Treasury’s difficulties getting relief money to individuals, has renewed calls for the government to accelerate its FedNow national real-time payments network, still not expected to be operational until at least 2023. The Fed’s Failure. But the plight of American SMBs and consumers seems more pressing at the moment. Problem No.

Payments 344

Payments Policies Guidelines National 344

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

JULY 13, 2023

Many victims are lonely or isolated and don’t understand cryptocurrency markets. This means following regulatory guidelines, conducting thorough customer due diligence, assessing risks, and implementing a robust system to monitor and report suspicious activity. billion loss in 2022.

Fraud 195

Fraud cryptocurrency Training social media 195

PYMNTS

JANUARY 22, 2021

And that opened up an entirely new playing field for online gaming establishments now free to operate in any state that would allow them. And I’d imagine the feeling among regulators has been that an organized money laundering effort could be policed because they [the casino] would actually see it happening. Untangling Red Tape.

Online 181

Online Tennessee Regulation Michigan 181

PYMNTS

NOVEMBER 4, 2020

regulators have taken a more hands-off approach by issuing non-binding guidelines, thus allowing industry stakeholders to pave the way forward. regulators acknowledge that although there is a market and demand for open banking, the current regulatory structure prioritizes consumer protection.”.

US 171

US Boston Regulation Data 171

PYMNTS

JANUARY 30, 2019

The global economy offers a wide range of opportunities for businesses to expand their reach, and promote their brands to new markets. What’s more, companies must also work to remain compliant with the laws in place across the different regions where they operate. In the financial services market, trust is an essential component.

How To 170

How To blockchain Compliance Regional 170

PYMNTS

MAY 8, 2020

Supreme Court decision allowed sports betting in 2018 and inspired 2019 laws that govern the fledging industry in 10 states and set guidelines such as how online casinos can operate and how sports betting would be taxed. New Jersey and Pennsylvania have become two of the most important markets for U.S. million in March 2019.

Online 176

Online Industry New Jersey Pennsylvania 176

PYMNTS

JULY 23, 2020

Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. Brazilian lawmakers have been developing open banking plans since 2019, for example, outlining rough guidelines to be enacted late this year.

America 165

America Regulation Regional Tools 165

PYMNTS

AUGUST 30, 2016

The new rules make it easier for drone operators to fly drones because they no longer need to obtain a costly and time-intensive pilot’s license in order to operate the drone. Instead, operators now need to pass an aeronautical exam before they are allowed to fly. 29) at 8 a.m., 29) at 8 a.m.,

Guidelines 100

Guidelines Operations Regulation Marketing 100

Abrigo

MAY 2, 2022

Takeaway 3 Minor inconsistencies between policy and loan portfolio can be a red flag to regulators, so careful review is key. . Your policy should include what type of loans you are actively seeking and what loans you don’t have an appetite for so regulators understand your institution’s direction.

Policies 195

Policies Lending Regulation Examples 195

PYMNTS

MARCH 11, 2020

Regulators are passing stricter policies, as well as cracking down on anti-money laundering (AML), Know Your Customer (KYC) and sanctions noncompliance. The Reserve Bank of India recently released guidelines outlining an approved method that private companies could use for conducting KYC checks online by using videos.

Fraud 150

Fraud Payments Guidelines Regulation 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.

Digital Banking 185

Digital Banking Innovation Maine Regulation 185

FICO

JULY 13, 2020

Two months ago, I posted about why it is important for collections operations to adopt a forward-looking approach to debt management – basically the importance of having a clear and compelling vision. New guidelines from the FCA that call for operational resilience in collections reinforce this point. For too long.

Meeting 52

Meeting Operations Customer Experience Technology 52

PYMNTS

JULY 31, 2019

China’s banking regulation is in-flux. As watchdogs ramp up oversight of financial institutions and FinTechs, late last year the China Banking and Insurance Regulatory Commission also announced plans to relax restrictions on foreign ownership of banks operating in the country.

Lending 134

Lending Policies National Guidelines 134

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.

Regional 108

Regional Regulation Data Payments 108

PYMNTS

MARCH 27, 2019

While regulators had transparency and financial security in mind when introducing more stringent requirements for banks following the global financial crisis, financial institutions faced a sudden surge in the burden compliance. There is a silver lining, however, if financial institutions are willing to recognize it.

Compliance 116

Compliance Data Regulation Analytics 116

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

AUGUST 29, 2018

When trying to understand the new eIDAS regulations set to go officially online in the EU in September, it helps, Trulioo GM Zac Cohen told Karen Webster, to take a step back and look at the general purpose of the European Union. A Changing EU (and Landscape).

Regulation 164

Regulation Guidelines Trends Online 164

PYMNTS

MARCH 8, 2018

The infrastructure will link into 20 banks and eight electronic payment operators, with payers able to use mobile phone numbers or email addresses to make payments in the Hong Kong dollar or renminbi. Of the 29 projects, 19 completed pilot phases and have launched at market.

Guidelines 108

Guidelines Payments Fintech blockchain 108

PYMNTS

NOVEMBER 1, 2018

Regulations take shape, usually quite a bit more slowly. The Chinese government, as noted in CB Insights and elsewhere at the time, released a set of guidelines geared toward “advancing the healthy development of internet finance” and placing the industry under the purview of the China Banking Regulatory Commission.

Lending 150

Lending Guidelines Fintech Industry 150

PYMNTS

OCTOBER 14, 2019

dollar as their currency of choice on the black market, which means American banks must alter their anti-fraud and AML strategies — especially as regulatory fragmentation divides the U.S. security standards from those in markets like Europe. financial regulations work. Bad actors also tend to use the U.S.

Strategy 109

Strategy Fraud Innovation Regulation 109

Insights on Business

FEBRUARY 14, 2019

Massive volumes of regulations are being developed across global financial market segments. Next-generation GRC solutions offer the potential to ensure compliance with evolving regulations through transformative business capabilities. Some AI processes are particularly effective for specific regulations.

Compliance 125

Compliance Risk Management Case Study Meeting 125

FluentBanking

MARCH 27, 2020

Habib Bank Limited is a Pakistani owned private, commercial bank operating in Bangladesh. Vacancy Not specific Job Context Job Location: Dhaka, Bangladesh (subject to transfer to any other location within the country) Job Responsibilities To perform risk calculation & analysis exercise for market and liquidity risk management (i.e.

Guidelines 52

Guidelines Compliance Exercises Analysis 52

PYMNTS

JUNE 29, 2017

Restaurants have to follow regulations set by the food and health administrations, such as cleanliness guidelines and storing various foods at specific temperatures. Drako had founded several companies, including Barracuda Networks, and was frustrated with the lack of real-time information about his manufacturing operations.

System 193

System Austin Guidelines Texas 193

PYMNTS

JUNE 27, 2016

3. Multi-level marketing: $32 billion. As a result, he says, regulators are on “high alert” and can impose harsh penalties when financial institutions don’t follow proper risk management strategies. Caldera cites the example of Operation Choke Point — an initiative by the DOJ that investigates U.S.

Regulation 101

Regulation Guidelines Risk Management Operations 101

Abrigo

APRIL 15, 2022

ALM & Measuring Liquidity Risk at Banks and Credit Unions Regulatory agencies expect financial institutions to manage liquidity risk using processes and systems commensurate with the complexity, risk profile, and scope of operations. What events could jeopardize our operational liquidity? This is the fourth post in a series. .

Management 195

Management Meeting Risk Management Operations 195

PYMNTS

MAY 31, 2018

It’s still early — hardly minute one — in the unfolding history of the General Data Protection Regulation , but a winner is emerging that is both familiar and big: Google. To be fair, it is hardly surprising that a big operator such as Google would be looking this good this early. Take B2B, for instance.

Google 116

Google Regulation Online Data 116

Abrigo

NOVEMBER 18, 2016

Real estate is a notoriously cyclical market with fluctuations that can leave loans backed by real estate under-collateralized in the event of an economic downturn. By understanding the risks, working with regulators and implementing robust credit analysis process, community banks and credit unions can take advantage of opportunities in CRE.

Community Bank 150

Community Bank Handbook Lending Risk Management 150

PYMNTS

AUGUST 8, 2019

Apple is facing Russian scrutiny following a cybersecurity complaint that it is taking advantage of its controlling market position, Russia’s anti-monopoly watchdog told Reuters on Thursday (Aug. It further stated that Apple had guidelines allowing for limited MDM usage, but the process for getting permission was not clear.

Apple 108

Apple Guidelines Policies System 108

PYMNTS

JUNE 27, 2019

territory, in fact, is the latest example of regulators and politicians to get their hands around the sharing economy, which continues to grow even as such services are beginning to lose their novelty. And investors are still pouring capital into companies operating in the sector. What’s going on in the U.S. Sharing Backlash.

Puerto Rico 109

Puerto Rico Los Angeles San Francisco Millennials 109

PYMNTS

JANUARY 10, 2018

Hype over distributed ledger technology (DLT) has certainly led to a bump in shares for companies operating in the space — and even for some companies with seemingly no connection to the tool. The blockchain hype certainly hasn’t risen without catching the attention of regulators. But it’s not all smooth sailing. Regulatory Moves.

blockchain 101

blockchain Nebraska Bitcoin cryptocurrency 101