PYMNTS

OCTOBER 19, 2018

Following the proposal of a payments regulator to be established independent of the Reserve Bank of India (RBI), the central bank has put forward a public objection. Regulation of the payment system by the central bank is the dominant international model for stability consideration,” the central bank said in a note on Friday (Oct.

Regulation 172

Regulation Payments Guidelines System 172

PYMNTS

MAY 19, 2016

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. That points to some of the limitations of technology. the National Credit Union Administration, the Office of the Comptroller of the Currency and the Federal Reserve.

Guidelines 100

Guidelines Policies National Regulation 100

PYMNTS

JUNE 13, 2018

It quickly realized that the technology it had built for its own users had become highly sought after by other FIs around the space, according to Fredrik Hedberg, Tink’s co-founder and chief technology officer. Tink’s API platform was designed to help banks and FIs prepare for the arrival of new regulations as they roll out.

Regulation 115

Regulation Guidelines Tools Data 115

PYMNTS

AUGUST 27, 2019

Under the guidelines, which cover exchanges, trading platforms and wallet providers, the regulators state businesses are not exempt from standards that tie in anti-money laundering (AML) rules, among other mandates. Separately, FINMA has approved banking licenses for the blockchain service firms Sygnum AG and SEBA Crypto AG.

blockchain 145

blockchain Regulation Payments Bitcoin 145

PYMNTS

MARCH 20, 2018

Regulators from around the world are teaming up to create a blueprint for a global FinTech “sandbox.”. According to Reuters , Britain’s Financial Conduct Authority (FCA) announced the plans for a global testing bed for new financial technology apps. So far, only 13 of the bloc’s 28 members have set up sandboxes.

Regulation 130

Regulation Fintech Regional Guidelines 130

PYMNTS

SEPTEMBER 23, 2020

Banks in the EU have been racing to comply with the General Data Protection Regulation ( GDPR ) and the revised Payment Services Directive ( PSD2 ) since both measures were enacted in 2018. FIs in Fidor’s native Germany should by now be familiar with the standards set by GDPR, PSD2 and other regulations aimed at online banking.

Compliance 225

Compliance Regulation Guidelines Security 225

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

Perficient

FEBRUARY 4, 2021

The Web Content Accessibility Guidelines (WCAG) were developed with these disabilities in mind and provide specific criteria for making a site accessible. In lieu of a specific regulation, adoption of the WCAG has become a best practice in ensuring accessible web sites.

UX 531

UX Guidelines Compliance Study 531

Abrigo

JUNE 14, 2021

In the guidelines, OFAC identifies five key components that are not unlike the BSA program requirements that financial institutions have been implementing for years. As seldom seen from the regulatory authorities, the Guidelines generally defines management as senior leadership, executives, or the board of directors. Learn More.

Compliance 370

Compliance Training Resources Policies 370

PYMNTS

MARCH 15, 2017

Naturally, investors are taking notice — though marijuana is still classified as a Schedule I narcotic by federal guidelines, and regulations in states where cannabis is legal can get complicated. On the latter point, customer loyalty software startup Baker Technologies looks to enable the growing legal cannabis industry in the U.S.

District of Columbia 101

District of Columbia Technology Guidelines Software 101

Abrigo

SEPTEMBER 11, 2023

DOWNLOAD Takeaway 1 With generative AI technology improving by the day, the question is not if the banking industry will utilize it, but when. Takeaway 3 Financial institutions should resist the hype to apply the technology to their most complex problems and be strategic as AI improves. So, what is generative AI?

Risk Management 195

Risk Management Data Technology Fintech 195

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. Japan’s decision aligns with the international direction of increased oversight of technology platforms.

Guidelines 131

Guidelines Apple Google Regulation 131

CFPB Monitor

APRIL 4, 2019

On April 2, 2019, the FDIC issued Financial Institution Letter FIL-19-2019 (the “Letter”) to remind financial institutions about certain contractual provisions and other requirements pertaining to technology service provider contracts. Defining key terms in the contracts relevant to business continuity and/or incident response.As

FDIC 68

FDIC Technology Guidelines Security 68

PYMNTS

JANUARY 23, 2020

New guidelines from the European Union (EU) allow for countries to restrict or exclude “high-risk” 5G providers from important parts of their telecom networks, according to Reuters. The news means that Chinese 5G provider Huawei Technologies could be affected. . has also expressed concern.

Guidelines 131

Guidelines Security Operations National 131

PYMNTS

JUNE 11, 2020

This is fueling a wave of interest and need for digital alternatives, many of which leverage biometric technology. The technology itself is not new — many consumers already use biometric authentication in their daily lives, with 80 percent of consumers using their fingerprints to unlock their smartphones, for example. Pennsylvania Gov.

Compliance 186

Compliance Guidelines Meeting Tools 186

PYMNTS

AUGUST 21, 2019

That series will focus on global technology trends across financial services and how FinTechs and banks can work together across those efforts. With the publication of the latest guidelines, the RBI said it had received a total of 381 comments form 69 participants spanning FinTech, banks and payment aggregators, among others.

Fintech 174

Fintech Guidelines Policies Regulation 174

PYMNTS

JULY 9, 2020

Japan said it would begin implementing the rules next year, and South Korea plans to introduce some regulations this year. wasn’t a party to the regulations, American auto makers will have to abide by the rules to sell cars in countries that have the new guidelines. And while the U.S.

Security 146

Security United States Guidelines Texas 146

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

APRIL 5, 2019

A new blockchain association has been created to promote the adoption of the technology across the European Union. In addition, it will create guidelines and specifications for blockchain and distributed ledger-based applications. This is the latest initiative by the European Commission to support the adoption of blockchain technology.

blockchain 188

blockchain Groups Guidelines Policies 188

PYMNTS

JANUARY 10, 2019

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. Looking for Exemptions.

Guidelines 173

Guidelines Compliance Fraud Cards 173

PYMNTS

OCTOBER 16, 2020

Facebook’s Ireland and United Kingdom unit has agreed to change the way Instagram works to “make it much harder for people to post an (advertisement) on Instagram without labelling it as such,” Britain’s top antitrust regulator announced Friday (Oct.

social media 212

social media Branding Guidelines Regulation 212

PYMNTS

NOVEMBER 5, 2019

SoftBank is looking to develop stricter regulations for startups in the wake of the near collapse of WeWork. It is not unusual for the world’s leading technology disruptors to experience growth challenges as the one WeWork just faced.”. The move comes after SoftBank was forced to extend a lifeline of up to $8 billion to WeWork.

Guidelines 100

Guidelines Regulation Strategy Management 100

Abrigo

JULY 13, 2023

Crafty scammers exploit weaknesses in fraud and anti-money laundering (AML) compliance programs such as outdated technology, human error, or inadequate monitoring systems. Financial institutions can tackle the threat of pig butchering scams and other investment schemes to protect their clients.

Fraud 195

Fraud cryptocurrency Training social media 195

BankUnderground

MAY 15, 2024

These models form the bedrock of revolutionary technologies like large language models (LLMs), opening up new ways for regulators, such as the Bank of England, to analyse text data for prudential supervision and regulation. Analysing text data forms a core part of regulators’ day-to-day work.

Training 68

Training Regulation Policies Data 68

PYMNTS

MARCH 18, 2020

accelerator program will consist of mentorship, education about new technologies and access to APIs, and opportunities to collaborate with SAP customers. RoadGoat uses location technology to map out around 4.3 SAP ‘s new SAP.iO Eight startups are participating in the program this spring.

Guidelines 141

Guidelines Software Regional Management 141

FICO

NOVEMBER 13, 2018

Collection departments have been long accustomed to dealing with the ever-growing list of requirements from industry regulators. Creditors cannot ignore how third-party servicers treat customers, and those third parties have also come under closer scrutiny from both creditors and regulators. Industry Regulations.

Regulation 63

Regulation Management Analytics Meeting 63

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

NOVEMBER 13, 2018

.” According to BankingTech , Alloy also said banks that are not quite “ready to begin adopting new technology” can still link up with the alliance to share findings and learn from others. Guidelines From The UK. The guidelines are being developed by the British Standards Institution, reports said last week. “We

Community Bank 183

Community Bank Community Fintech Arizona 183

CFPB Monitor

MAY 18, 2021

The Board of Governors of the Federal Reserve System recently issued and invited public comment on proposed guidelines to be used by Federal Reserve Banks to evaluate requests for master accounts and/or access to Federal Reserve Bank (Fed) financial services, in order to support a more “transparent and consistent” approach to such requests.

Fintech 78

Fintech Guidelines Policies System 78

PYMNTS

JUNE 13, 2019

The vehicle reportedly employs artificial technology that enables it to “drive autonomously for long distances on highways without maps and ‘on the fly’ to plot its course and navigate construction zones.”. Guidelines for patents on self-driving car technology and internet-enabled vehicles have put tech firms and automakers at odds.

Guidelines 123

Guidelines Apple Report Technology 123

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. The news set off a high-stakes race among today’s top global eCommerce, finance and technology players.

Digital Banking 185

Digital Banking Innovation Maine Regulation 185

PYMNTS

FEBRUARY 7, 2019

In an interview with Spencer McLain, director of global risk solutions at Whitepages Pro , this seeming bifurcation of knowledge of what’s coming with open banking, and preparedness to adapt and adopt to those changes (paper trails are still stubborn in the digital age), comes with contrasting mindsets tied to those regulations.

Guidelines 190

Guidelines Data Compliance Regulation 190

PYMNTS

APRIL 1, 2020

The March 2020 Merchants Guide To Navigating Global Payments Regulations , a PYMNTS and Ekata collaboration, demystifies these data machinations as planet Earth and its humans and businesses battle a deadly mutation (COVID-19) and seek to restore bullishness across market. Sixty-three percent of U.S. Fragmentation in U.S.

Compliance 153

Compliance Data Google Regulation 153

PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations. community banks and small business lending.

United States 174

United States Regulation cryptocurrency Cleveland 174

PYMNTS

OCTOBER 14, 2019

Just 10 percent of the suspicious transaction reports FIs file are investigated by authorities, and money launderers are utilizing new technologies to keep that percentage low. financial regulations work. banks have to analyze AML regulations before even beginning to innovate, and the rules in question change often.

Strategy 109

Strategy Fraud Innovation Regulation 109

PYMNTS

SEPTEMBER 24, 2020

After nearly a decade with no oversight, regulation, or fair competition, it’s time for Apple to be held accountable.”. The Journal reported that founding members of the new coalition also include Proton Technologies AG, trade group News Media Europe and project management software maker Basecamp.

Apple 133

Apple Exercises Guidelines Groups 133