South State Correspondent

MAY 9, 2023

In the wake of regional bank failures, one potential answer to equity shorting and bank runs is having the FDIC increase deposit insurance. The regulators are considering three options: raising the limit above $250k, raising the cap for only certain accounts (such as banks’ business accounts), or eliminating the cap entirely.

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Celent Banking

JANUARY 26, 2015

One of the major themes will be regional integration, which is another way of saying the development of cross-border markets. The AEC is well on its way to becoming a reality in 2015, with far-reaching trade agreements designed to facilitate cross-border expansion of dozens of services industries, including financial sectors.

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Regional Trends Capital Regulation 100

PYMNTS

OCTOBER 16, 2019

s competition regulator, said it has officially launched a probe into Amazon ’s investment into restaurant takeaway company Deliveroo. The industry is worth in the neighborhood of $100 billion a year. Deliveroo said it will bring its focus to other markets across Europe and the Asia-Pacific region.

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Regulation Regional Operations Marketing 108

Perficient

OCTOBER 5, 2023

Excellence in Governance: Dana- Farber Cancer Institute Leaders of the Pack- Financial Services: UBM Regional Excellence- North America: Mecklenburg County These three projects have earned the distinction of being finalists for the remarkable digital experiences they provide their visitors. Strict industry regulations posed a challenge.

User Experience 221

User Experience Regional America Tools 221

American Banker

JUNE 6, 2023

Bankers and a key government supervisor say the downfalls of multiple regional lenders reminded regulators that traditional M&A is better for the industry than failed-bank-deals.

Regional 69

Regional Regulation Industry Community Bank 69

PYMNTS

OCTOBER 6, 2020

Ayoub Jemail has been assigned the role of general manager of business development for the region, the company stated in the announcement on its website. The company stated that it is expanding in the region, seeking new business and also looking to provide more support for existing customers, such as Mashreq Bank.

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Fintech Regional Fraud Meeting 174

PYMNTS

MAY 2, 2016

When it comes to ensuring the resiliency of clearing houses that process derivatives, better checks and balances are necessary in the European Union, according to a regulatory watchdog in the region. It’s a huge market as the derivatives industry is estimated to be $550 trillion annually.

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Abrigo

MARCH 8, 2024

Bank wire fraud Introduction Bank Wire fraud has long plagued the financial industry. While previously, fraud was local or regional, today, scammers leverage technology extensively. They make fake accounts and profiles and analyze people groups, current events, and regional characteristics to appear as legitimate as possible.

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Fraud Technology Trends Training 195

PYMNTS

MARCH 27, 2020

While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. European Union and other regions currently fighting the pande mic. Security .

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PYMNTS

AUGUST 8, 2018

Specifically, the technology that will start deploying in June 2019 is called the “smart tachograph,” and the general idea behind it is to encourage better enforcement of highway and driving rules, make it harder for drivers to bypass those rules, and potentially use data to otherwise bring more efficiency and safety to the road transport industry.

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Industry Data Technology Regulation 104

PYMNTS

NOVEMBER 8, 2020

billion asset sale deal with Reliance Industries and has challenged the U.S. Amazon is currently in a legal dispute with the Indian powerhouse, which recently sold its assets to Mukesh Ambani's Reliance Industries in what Amazon contends is a violation of Future's deal with it earlier this year. On Saturday (Nov.

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Retail Industry Regional Groups 230

PYMNTS

MARCH 11, 2016

The long-anticipated report from the European Union competition watchdog will soon be released, providing everyone in the cross-border eCommerce industry an insight into any possible antitrust issues. It also could give the regulators the information necessary to make a case against companies that may be committing anti-fraud practices.

Regulation 100

Regulation Regional Analysis Fraud 100

PYMNTS

APRIL 18, 2019

EU banks and merchants also face the changes to data security, transparency and privacy that the PSD2 and GDPR regulations have marshaled across the region. As European countries and consumers move forward with data transparency, other lawmakers and regulators are seeking to do the same. Around the PSD2, GDPR World.

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Regulation Regional Compliance Data 187

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. the region. The potential impact of the crisis on open banking’s future in the region is a different story, however.

America 165

America Regulation Regional Tools 165

PYMNTS

JULY 29, 2016

According to a report , China’s Cabinet released its first rules governing ridesharing, telling local officials on Thursday (July 28) they should move full steam ahead to promote the industry made famous by Uber. A Cabinet document laid out the guidelines for registrations, fares, employment of drivers and how much they should get paid.

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Guidelines Industry Regional Operations 100

PYMNTS

DECEMBER 11, 2019

10), Craig Moore, CEO of business financing platform Beehive , not only made the case for more P2P lending in the Middle East (the company is based in the United Arab Emirates), but also gave a larger view of the FinTech situation in that region as a new decade dawns. But in a new PYMNTS interview on Tuesday (Dec. More Focus on P2P Lending.

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Fintech Lending Regional Regulation 144

PYMNTS

NOVEMBER 9, 2017

Small banks do not want to compete with the Amazons and Walmarts of the world when it comes to offering financial services for clients — and as of today, they more or less are protected from having to do so by regulations that prevent banks’ holding companies from branching too far outside of core financial services businesses.

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PYMNTS

JUNE 3, 2020

In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. It is one of the region’s fastest-growing companies, having just turned in a stellar first quarter in a region that has more complexities than any of its northern neighbors. ”

America 248

America Regional Fraud Mobile 248

Gonzobanker

MAY 23, 2023

The historic deposit runs on several niched regional banks have woken up bankers and their investors, regulators and policymakers to the threats that liquidity flows place on the entire industry. trillion or 5.5% Banks $10 billion and under have actually grown deposits in the past year!

social media 145

social media Risk Management Regional Industry 145

Abrigo

DECEMBER 4, 2015

Sageworks banking industry experts are winding down a busy year of disseminating information and facilitating discussions on regulatory changes, such as the FASB’s upcoming move to the current expected credit loss model (CECL), and on best practices for portfolio risk management and credit analysis.

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North Carolina Ohio DC Regional 150

FICO

MARCH 7, 2023

Home Blog FICO Responsible AI: Are European Firms Ready for the Regulators? There are significant changes coming in Europe, which highlight getting a handle on responsible AI use, with the banking and financial services sector among those that will be most impacted by increasing regulation.

Regulation 52

Regulation America Compliance Fraud 52

Abrigo

AUGUST 22, 2019

Training is especially important for the BSA officer, who “is expected to be fully knowledgeable about the BSA and all related regulations,” as a recent Federal Reserve Bank of Minneapolis publication noted. However, not every BSA officer can afford the time or expense of attending the major industry conferences held each year.

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Training Las Vegas Alabama Minneapolis 150

PYMNTS

MARCH 19, 2019

While the industry has expanded quickly to a large and complex scale over the years, regulatory directions keep changing and different regions have different rules.”. We hope regulators can give the industry a clear and definite timetable, and give guidance and a ray of hope for companies that stick to compliance,” Guo said.

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Regulation Regional Lending Compliance 138

PYMNTS

JANUARY 15, 2018

China steps up its regulation of cryptocurrency trading by going after online platforms and mobile apps. Citing people familiar with the matter, Bloomberg reported China’s regulators are eyeing internet-based platforms and mobile apps that provide customers with exchange-type services.

cryptocurrency 146

cryptocurrency Bitcoin Regional Regulation 146

PYMNTS

FEBRUARY 24, 2020

In Europe, the continued evolution of data policies and regulation now point toward a single market across the Continent. As reported mid week, the European Commission is planning a single European market for data , in hopes that by pooling talent, the region can compete with Big Tech in Silicon Valley and China.

Data 130

Data Marketing Taxes Regulation 130

PYMNTS

APRIL 24, 2019

Regulators want to have a greater stake in the way sharing platforms operate. Many of these regulators also now expect sharing and payment services to comply with shifting data regulations, like GDPR. A reclassification could lead to significant changes in how the mobile payment service can operate in the country.

Marketing 179

Marketing Regulation Case Study Security 179

PYMNTS

NOVEMBER 22, 2019

Ongoing security concerns have prompted the Federal Reserve to further scrutinize big tech firms that serve the banking industry, The Wall Street Journal (WSJ) reported on Thursday (Nov. The Bank Service Company Act gives financial regulators the power to audit third-party vendors that offer banking services, Ashton said.

Security 116

Security Policies Conference Compliance 116

PYMNTS

JANUARY 6, 2020

Turkey announced it would be fully complying with PSD2 in mid-November, and many of the changes to its financial and technology industries will be routine — at least for the financial institutions (FIs) and businesses in markets that have already experienced these shifts. Turkish institutions. Preparedness helps with confident compliance .

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Regulation Industry Data Regional 131

PYMNTS

MARCH 18, 2020

program will attempt to act as an idea farm for businesses involved in the travel industry, according to a press release. Software-as-a-service (SaaS) platform Hotailers allows businesses transparency when it comes to contingent worker travel and making sure bookings meet regulations, expense limits and safety guidelines.

Guidelines 141

Guidelines Software Regional Management 141

PYMNTS

FEBRUARY 24, 2020

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. The country’s government and regulators are keeping pace with those in the European Union and the U.S. he remarked. “I

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Regulation Policies Data Compliance 160

PYMNTS

SEPTEMBER 5, 2019

Colombian regulators have demanded that delivery app Rappi comply with electronic commerce laws, and has also launched an investigation into the app after receiving hundreds of customer complaints. Founded in 2015, Colombian startup Rappi employs bike-riding couriers to deliver everything from grocery orders to diapers all around the region.

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Regulation Regional America Operations 116

PYMNTS

MARCH 5, 2018

By offering QR-based digital payments, smaller retailers can achieve these goals and create greater customer stickiness with little to no investment beyond the phone they already have,” said Jorn Lambert, EVP, Digital Channels and Regions, Mastercard. In spring 2018, participating U.S. In spring 2018, participating U.S.

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Regulation Data Regional America 108

PYMNTS

OCTOBER 11, 2018

“That’s why this collaboration is focused on evolving our network and setting new industry benchmarks on predictability and transparency for our clients and their customers.”.

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Payments Compliance Regional Regulation 189

PYMNTS

MARCH 11, 2019

With a permissioned blockchain network , services can be shared between credit unions, which could improve identification authentication and compliance surrounding regulations, know your customer, lending and payments. Under the plan, credit union members would be able to access the CULedger via a digital credential dubbed MyCUID.

blockchain 160

blockchain Regulation Community Bank Regional 160

PYMNTS

AUGUST 6, 2018

Australian money managers are finding an opportunity in enterprise and small business lending as regulators crack down on the country’s traditional banking industry. Regulators are putting pressure on the banks,” he said. Regulators are also cracking down on unfair small business lending practices among top banks.

Management 100

Management Lending Regulation Industry 100

PYMNTS

AUGUST 20, 2018

By 2009, A&P had shrunk in size and became a modestly sized regional chain. Regulators didn’t destroy A&P in the end. Supporting those stores was a massive cottage industry of wholesalers and distributors that supported a huge network of fragmented food plants and suppliers. By 2015, it had closed its doors.

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Regulation Online Innovation Google 105

Abrigo

APRIL 28, 2017

Stress testing, especially for community banks, can be challenging because of the lack of specific methodologies and practices recommended by regulators. Regulators are encouraging banks to look at their commercial real estate (CRE) portfolios in greater detail. But banks need to take that first step.

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Community Bank Regulation Community Regional 150