PYMNTS

JANUARY 30, 2019

They face the challenge of offering customers a smooth onboarding process while also remaining rigorous in know your customer (KYC) efforts, taking care to remain compliant with local anti-money laundering (AML) regulations that aim to keep criminals from using legitimate operations to move money illegally. News From The AML/KYC Ecosystem .

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PYMNTS

APRIL 16, 2020

Currencycloud is connecting regional banks to advanced FX and global payments technologies, while the firm’s founder, Nigel Verdon, is also targeting Banking-as-a-Service with his new startup, Railsbank. open banking regulations. “Ultimately, this can help speed the delivery of relief funds to more businesses.”

Data 167

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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. According to news from Reuters , a document by the European Commission revealed that the law would enable the FinTech sector to grow through crowdfunding and common blockchain technology standards. “An

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PYMNTS

SEPTEMBER 11, 2019

Different regions have their own unique payment rails, and no two abide by the same regulatory framework. Other initiatives are being spearheaded across regions. Businesses that use real-time payments are more competitive, as the technology is becoming the standard for global commerce. So, what’s the problem? What’s Changing?

Payments 190

Payments Regional Operations Guidelines 190

PYMNTS

NOVEMBER 29, 2018

As evidence that sandboxes are ever-increasingly a global phenomenon, Kuwait’s central bank put forth guidelines this week that are geared toward companies seeking to meld financial technology (FinTech) and financial services (FinServ). The sandbox, Reuters reported, has four phases.

Fintech 167

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PYMNTS

JULY 4, 2018

In addition, the EBA said banks might be burdened with old technology, Reuters reported. 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 s exit from the bloc next year.

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Insights on Business

MAY 16, 2019

Even regional banks may see dozens of individual compensation plans—and large tier-one banks may see hundreds. New regulations impacting employee compensation and incentives include the Federal Reserve Guidelines on Incentive Compensation and the Dodd–Frank Wall Street Reform and Consumer Protection Act. Rules complexity.

Management 143

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PYMNTS

JULY 16, 2018

Less abstractly, the future of the automotive industry — along with the payment and commerce tasks associated with it — depends significantly on the type of technology that ties together web-enabled cars and trucks with outside networks. What do the connections connect to themselves? A debate about those connections is heating up in Europe.

United States 130

United States Technology Guidelines Data 130

PYMNTS

APRIL 30, 2018

During the exchange, lawmakers raised the specter of regulating Facebook — which boasts more than 2.2 similar regulations are already being put to the test in other regions around the world. While such a move might be unprecedented in the U.S., Among the most significant GDPR components is the need for enhanced authentication.

Data 119

Data Compliance social media Regulation 119

FICO

DECEMBER 13, 2017

In 2017, collections professionals were being pulled in multiple directions at once by regulations, digital transformation, customer demands and new ways of working. The regulations alone — IFRS 9, GDPR, PSD2, NPLG — are enough to make remembering your day job a challenge. Regulations. Customer Trends.

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FICO

MAY 24, 2022

The European banking authority EBA guidelines on loan originations went live in June mandating phase integration with ESG risk drivers. The Australian Prudential Regulation Authority (APRA) is working on vulnerability assessments. The Monetary Authority of Singapore (MAS) has a Green Finance Action Plan.

Analytics 52

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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

PYMNTS

MAY 30, 2016

Wells told reporters that it has its own guidelines to asses whether it will lend to a business or not. “Regulators don’t make our loan decision for us,” the bank’s head of corporate and commercial banking and treasury management, Perry Pelos, told reporters.

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PYMNTS

AUGUST 19, 2016

Its ranking as the world’s second largest economy has made it a hotspot for many global banking and financial firms looking to set up regional headquarters. 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.

Fintech 100

Fintech Mobile Guidelines System 100

CFPB Monitor

MAY 10, 2019

Participating in the discussions for the Bureau were Acting Deputy Director Brian Johnson, Research, Markets, and Regulations Policy Associate Director Tom Pahl, and Director Kraninger.

Industry 68

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American Banker

NOVEMBER 10, 2016

Banks have been waiting on Justice Department guidelines on how to make their websites compliant with the Americans with Disabilities Act, but many are being advised to take action now or face lawsuits from disabled customers.

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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. and the U.S. Similar to the U.K. Similar to the U.K.

Innovation 245

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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.

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Lars Markull

JULY 1, 2020

In the past three blog posts, we have described what is driving open banking, the history of Open Banking, and the current status of Open Banking in different regions. This is at the center of most Open Banking regulations and can be achieved with the right design and guidelines. .

Risk Management 69

Risk Management Data Examples United States 69

FICO

DECEMBER 9, 2019

In highly regulated countries, like the UK, these changes should be a positive experience for people in debt. Where financial services is not so regulated, these changes will be a challenge. The UK is one of the highest leveraged regions in Europe, which leads people more vulnerable to an economic downturn. They keep borrowing.

Analytics 52

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Lars Markull

JULY 1, 2020

In the past three blog posts, we have described what is driving open banking, the history of Open Banking, and the current status of Open Banking in different regions. This is at the center of most Open Banking regulations and can be achieved with the right design and guidelines. 

Risk Management 52

Risk Management Data Examples United States 52

CB Insights

FEBRUARY 19, 2019

As AI technology advances and seeps deeper into our daily lives, its potential to create dangerous situations is becoming more apparent. AI technology could be impossible to control. Regulation will be essential. We cannot regulate technology that we cannot predict. Unpredictable behavior. Reshaping the workforce.

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Jeff For Banks

MARCH 29, 2014

Because our of technological capabilities, including worldwide free ATM withdrawals, sophisticated on-line banking capabilities, electronic funds transfer capabilities, and economical remote deposit solutions, we believe we can be the primary bank for most customers no matter where they are located. Texas Capital Bancshares, Inc.

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PYMNTS

JUNE 18, 2019

They are being asked to contribute their collective experiences in operating global, regulated payments and financial services networks to shape Libra’s charter and frame its governance structure. Facebook says that it is currently in discussions with regulators, who they claim, are eager to engage in conversations with them about it.

Payments 246

Payments Regulation blockchain cryptocurrency 246

PYMNTS

NOVEMBER 20, 2020

Separately, Senator Elizabeth Warren last month wrote a letter to the Department of Justice urging an examination and strengthening of bank merger review guidelines. And digital remains a siren call for banks of all sizes, and for regional players. If it were to go through, the deal would be the largest one in more than a decade.

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