PYMNTS

NOVEMBER 26, 2019

Regulation is perhaps the strongest driver of Lithuania’s FinTech-friendly environment. Particularly amid the continuing uncertainty surrounding Brexit, FinTechs are turning to Lithuania to retain their European footholds and operate in a country that supports their innovative ambitions. Resuming Operations.

Compliance 182

Compliance Regulation Fintech Resources 182

PYMNTS

MAY 22, 2020

Zomato, an India-based food delivery startup, is reportedly being investigated by regulators for its purchase of Uber Eats India, which could be seen as violating the nation’s anti-competitive rules, sources told MoneyControl.com. We have received similar information requests in the past on other transactions we have undertaken.

Regulation 181

Regulation Report Security Operations 181

PYMNTS

JANUARY 25, 2019

In the January PSD2 Tracker , PYMNTS examines how money movement and data flow are getting an upgrade with PSD2, as well as how the upcoming SCA regulation is bound to affect user authentication. PSD2 may have a greater effect on payments, even outside the EU, as consumers all over the globe are clamoring for more data security.

Operations 195

Operations Regulation Data Trends 195

Cisco

OCTOBER 4, 2022

In June 2021, following large cyber attacks on the United States and the resulting Executive order on Cyber security, the FFIEC released the largest update in guidance in over a decade to help financial auditors assess financial institutions. Sweeping in scope, the AIO guide is very detailed on guidance for different technologies.

Operations 118

Operations Software Risk Management Management 118

PYMNTS

JUNE 25, 2020

In today’s top news, Wirecard files for insolvency, and New York proposes easing regulations for cryptocurrency licenses. New York To Ease Cryptocurrency Regulations. plans to offer a Samsung Pay Card that will operate like a digital wall for customers. Wirecard Files For Insolvency, Seeks Court Protection.

New York 248

New York cryptocurrency Regulation Samsung 248

PYMNTS

JUNE 9, 2020

The EU enacted open banking rules in 2018, inspiring regulators worldwide to reconsider how they were transacting funds or transmitting data. The COVID-19 pandemic’s impact on daily business has generated new questions surrounding these initiatives that regulators are now scrambling to answer. and the EU. Australia and Canada.

Regulation 132

Regulation Online California Regional 132

PYMNTS

JULY 15, 2020

The European Securities and Markets Authority (ESMA), the European Union’s (EU) financial watchdog, plans to examine how German regulators handled oversight of Wirecard AG , the collapsed payments company that is facing a series of criminal allegations. ESMA said they will conclude the inquiry by the end of October.

Regulation 141

Regulation Guidelines Groups Report 141

PYMNTS

JANUARY 23, 2020

The European Union’s long-anticipated 5th Anti-Money Laundering Directive (5AMLD), which modernizes security rules to reflect the needs and threats facing today’s economy, took effect in mid-January, and its impacts are already being felt across the payments space. Fiat-focused digital wallets must also boost their security.

Fraud 157

Fraud Security Regulation cryptocurrency 157

CFPB Monitor

DECEMBER 2, 2021

As anticipated, the OCC, Federal Reserve Board, and FDIC recently approved and released the Final Rule Requiring Computer-Security Incident Notification (“Final Rule”). The Final Rule is designed to promote early awareness and stop computer security incidents before they become systemic.

Regulation 78

Regulation Report FDIC Security 78

Perficient

JUNE 5, 2020

Secure software practices are at the heart of all system development; doubly so for highly regulated industries such as health-care providers. As a best-practice it is recommended to adopt automation of certain security audits, integration of compliance oversight into key development process areas (e.g. Source Code Analysis.

Compliance 332

Compliance Security Software System 332

Perficient

FEBRUARY 29, 2024

Banking institutions are responding by integrating advanced technologies, particularly artificial intelligence and data analytics, into their lending operations to enhance efficiency and adaptability. Empowers banks with actionable insights, enabling faster and more informed decision-making processes.

Trends 221

Trends Industry Analytics Compliance 221

Celent Banking

NOVEMBER 11, 2015

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. The timing will undoubtedly put pressure on regulators to push through strong regulation. Information security.

Cyber Security 100

Cyber Security Regulation Security New York 100

CFPB Monitor

OCTOBER 6, 2016

The memo identified four areas of improvement that, unless addressed, would otherwise hamper the CFPB’s ability to accomplish its strategic objectives: Ensuring an Effective Information Security Program. In the wake of the CFPB’s data security enforcement action against Dwolla, Inc. Maturing the Human Capital Program.

Security 60

Security Management Policies Training 60

CFPB Monitor

DECEMBER 22, 2020

Additionally, service providers to banking organizations would be required to notify at least two individuals at affected banking organization customers immediately after the bank service provider experiences a computer-security incident that it believes in good faith could disrupt, degrade, or impair services provided for four or more hours.

Security 78

Security Report FDIC Regulation 78

PYMNTS

JULY 16, 2019

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.

National 187

National Security cryptocurrency US 187

PYMNTS

JUNE 5, 2020

Providing robust services via mobile channels is especially important now, as the COVID-19 pandemic has caused businesses to operate remotely and consumers to stay at home as much as possible. The need to secure open banking has only grown as financial criminals have stepped up to exploit disruptions caused by the COVID-19 pandemic, he added.

Security 174

Security Fintech Data Fraud 174

Perficient

AUGUST 16, 2023

Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. Mr. Shan Hanes, who served as the bank’s President and CEO until its closure, joined the firm in 1993 as an agricultural loan officer and Informational Technology Officer. He was promoted to President and CEO in 2008.

United States 221

United States Kansas FDIC Risk Management 221

PYMNTS

AUGUST 9, 2019

In other security news, phone numbers can provide a treasure trove of information about a consumer who is trying to open an account with an online merchant, onboard to an online service or sign up for a new banking account. Merchants are scrambling as the strong customer authentication (SCA) deadline looms. All this, Today in Data.

Security 116

Security Fraud Data Online 116

Abrigo

JANUARY 24, 2024

These failures were primarily brought on by liquidity concerns around bank stability from severely decreased values of bank security portfolios and inadequate equity to absorb the hit. On-site evaluations aren't typically an option, so bidders need to absorb and analyze this data quickly for informed decision-making.

FDIC 195

FDIC Regulation Strategy Data 195

American Banker

DECEMBER 26, 2023

JPMorgan Chase and Citigroup were among the banks that voluntarily reported new information this year about the impact of their operations on climate change. The additional disclosures came in advance of new regulations that are expected in 2024 from the Securities and Exchange Commission.

Regulation 90

Regulation Security Operations Report 90

Abrigo

JULY 10, 2023

Here are several suggestions for tightening security. Takeaway 2 Improving security questions is a good step to take to avoid text-to-speech AI fraud schemes. Takeaway 2 Improving security questions is a good step to take to avoid text-to-speech AI fraud schemes.

Fraud 150

Fraud How To social media Security 150

Perficient

JUNE 1, 2023

Generated output takes into account everything from brand voice and word and character length to fact verification, and includes up-to-date information. We also enable clients to use Writer’s snippets to follow strict compliance regulations and efficiently include disclosures in their Sales and Marketing.

Compliance 251

Compliance Industry Regulation Data 251

PYMNTS

FEBRUARY 17, 2020

increased regulation over content delivered online through platforms may be on the horizon. This past week, Britain’s federal government said its media regulator, known as Ofcom, would be given new oversight to monitor and regulate material posted on the web by companies such as Facebook, Google and Twitter. In the U.K.,

Regulation 140

Regulation Google Operations Company 140

PYMNTS

SEPTEMBER 28, 2018

Following a complaint from Citizens Advice, Britain’s competition regulator might investigate financial service and telecom companies. According to the FCA, providers have to publish the information on their websites in a consistent format. The charity claims that customers were being overcharged by $5.2 billion annually.

Regulation 116

Regulation Groups Security Report 116

PYMNTS

OCTOBER 22, 2020

In today’s top payments news around the world, Swedish peer-to-peer (P2P) lending upstart Lendify has reportedly secured $115 million of funding, while international trade platform Contour has teamed with information technology (IT) solutions firm Mphasis. Swedish Startup Lendify Closes $115M Funding Deal.

Security 134

Security Groups Payments Regulation 134

PYMNTS

MARCH 16, 2018

Through the collaborative efforts of those with backgrounds in payments and security, the Federal Reserve’s Secure Payments Task Force has published “Payment Lifecycles and Security Profiles.” They also cover security methods — and identity management controls — along with relevant laws and regulations, among other topics.

Security 100

Security Payments Boston Fraud 100

PYMNTS

SEPTEMBER 24, 2020

Staying abreast of these various compliance shifts can be costly and challenging for banks, but doing so is necessary to ensure that financial institutions’ (FIs) operations can run smoothly and ward off cyberattacks. GDPR has been a blueprint for many online data and privacy regulations rolled out around the world. EU and U.K.

Compliance 151

Compliance Fraud Regulation Security 151

Accenture

MARCH 24, 2017

With the introduction of PSD2, a new era of secure payments has begun in the European Union. The new regulation is aimed at enhanced customer protection against fraud, with stringent liability and accountability requirements and strong customer authentication features. Maintain transparency of operations of the IT systems.

Fraud 188

Fraud Security System Payments 188

Accenture

MARCH 24, 2017

With the introduction of PSD2, a new era of secure payments has begun in the European Union. The new regulation is aimed at enhanced customer protection against fraud, with stringent liability and accountability requirements and strong customer authentication features. Maintain transparency of operations of the IT systems.

Fraud 186

Fraud Security System Payments 186

Abrigo

JULY 27, 2023

Of course, banks and credit unions are highly regulated industries, and this is increasing. They must not only comply with regulations aimed at protecting the safety of the FI but also those protecting the customers/members. So, what are the other benefits of regtech for banks?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Of course, banks and credit unions are highly regulated industries, and this is increasing. They must not only comply with regulations aimed at protecting the safety of the FI but also those protecting the customers/members. So, what are the other benefits of regtech for banks?

Technology 195

Technology Fraud Compliance Regulation 195

PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. Now the company has enacted security and AML procedures, to the consternation of cryptocurrency advocates. The drivers of AML initiatives in the U.S.

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

PYMNTS

DECEMBER 23, 2020

The road to mainstream acceptance of cryptocurrencies will still have its bumps, its potential roadblocks set in place from regulators. At the heart of it all might lie a jousting existential in nature — namely, between the companies that create and issue cryptos and the agencies that regulate them.

cryptocurrency 234

cryptocurrency Security Bitcoin Regulation 234

South State Correspondent

APRIL 23, 2023

Analysts, regulators, legislators, and bankers have been attributing the root cause of SVB’s failure in the past month. Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run. A valuation is a measure of risk.

Management 195

Management Security Risk Management social media 195

Abrigo

JANUARY 24, 2024

While those payment types can provide information confirming the transfer request within minutes, settlement can take hours or days. A second fraud management and prevention consideration for credit unions is that FedNow will operate around the clock every day of the year. million stolen. Careful product design is vital.

Fraud 221

Fraud Payments Software Policies 221

PYMNTS

SEPTEMBER 6, 2019

The sharing economy is a two-way street that operates on trust between suppliers and customers, and that trust is even more important for high-value exchanges like home shares. No one wants to answer a call or have to physically submit ID documents, but how much friction is tolerable for security’s sake? Regulations and Compliance.

Security 125

Security Data Online Regulation 125

PYMNTS

APRIL 25, 2019

This is especially true in areas like the European Union, where the General Data Protection Regulation ( GDPR ) is changing how customers and corporates approach data sharing. Security and the Homesharing Platform. The company also works with several security providers to ensure users’ payments remain safe.

Security 100

Security Data Regulation Mobile 100