PYMNTS

NOVEMBER 9, 2018

percent of retailers have said they innovate to improve customer loyalty. That, in fact, is one of the main findings in the new Retail Innovation Readiness Index from PYMNTS, powered by FinTech firm AEVI. Things have changed, though, he said — one reason why that innovation finding carries such weight. “I

Innovation 174

Innovation Retail Maine Security 174

PYMNTS

OCTOBER 7, 2019

Merchants in the European Union (EU) are still wondering exactly what changes the regulation will bring when it comes to their relationships with customers. It is still a matter of debate on what exemptions, innovations and changes can be left up to national authorities — and what cannot. Around the PSD2 and GDPR world.

Regulation 134

Regulation Trends Compliance National 134

PYMNTS

DECEMBER 31, 2020

Morgan’s EMEA Head of Wholesale Payments Shahrokh Moinian, technological innovation is helping to unlock more opportunities for corporate treasurers to step up to this newfound strategic role of mitigating risk within their organizations. The other is technological innovation. i2C: Regulators Circle The Wagons On Big Tech.

Innovation 289

Innovation Payments Trends Regulation 289

PYMNTS

JANUARY 26, 2021

The main objective of this project launched together with WizKey is to support banks in managing credits, especially non-performing ones, in a standardized and secure manner in line with the indications of European regulators,” said Daniele Savarè, director of Innovation & Business Solutions at SIA, in the release.

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Perficient

JANUARY 23, 2024

The COVID-19 pandemic prompted several unprecedented shifts in society, notably impacting the workplace and necessitating the adoption of innovative technologies that facilitate collaboration and efficiency in a work-from-home (WFH) environment. This post has been updated to reflect FINRA Regulatory Notice 24-02, issued January 23, 2024.

Compliance 221

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Perficient

JANUARY 3, 2024

The COVID-19 pandemic prompted several unprecedented shifts in society, notably impacting the workplace and necessitating the adoption of innovative technologies that facilitate collaboration and efficiency in a work-from-home (WFH) environment. What’s New?

Compliance 221

Compliance Risk Management Regulation Industry 221

PYMNTS

SEPTEMBER 22, 2016

The goal is to keep FinTech companies and innovation stateside. The bill is a direct aim against losing financial innovation to the U.K.’s The U.K’s sandbox program allows firms to test new innovation, products and business ideas through a limited launch, sidestepping the full regulatory process. 22), his second of the summer.

Regulation 100

Regulation Fintech Innovation Bitcoin 100

Celent Banking

JANUARY 22, 2015

Peer to Peer (P2P) lending is one of those situations and banks have started to experiment with it, taking P2P lending to main street. Regulation is an important issue for banks to get into P2P lending and depending the country, there may be restrictions. This is why he works on 3 key issues (in order of importance): Regulation.

Maine 100

Maine Lending Regulation Risk Management 100

PYMNTS

AUGUST 20, 2018

But here’s the rub: The guilty verdict was made on the basis of A&P’s use of supply chain innovations to lower prices to consumers. The plaintiffs in the case weren’t the families living on Main Street, U.S.A., Regulators didn’t destroy A&P in the end. Lower prices. By 2015, it had closed its doors. percent to 2.7

Regulation 105

Regulation Online Innovation Google 105

Bank Innovation

MAY 26, 2017

The next big thing in financial services won’t make it very far off the ground if FIs don’t innovate with an eye towards compliance.

Compliance 300

Compliance blockchain Maine America 300

PYMNTS

JULY 16, 2019

Banks are innovating their application programming interface (API) platforms to allow for more third parties, while online merchants are prepping for a potential loss in revenue due to the security frictions that SCA might bring. Both banks and regulators are re-examining how exactly SCA will affect the financial ecosystem.

Strategy 188

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CFPB Monitor

AUGUST 15, 2018

Last week the CFPB announced an initiative to create a Global Financial Innovation Network (GFIN) with 11 other financial regulators and related organizations across the globe. Commenters can submit responses to the Bureau’s representative, Paul Watkins in the recently-established Bureau’s Office of Innovation.

Regulation 68

Regulation Fintech United States Innovation 68

Chris Skinner

JUNE 5, 2016

Our main stories of this week includes … Regulations, Innovations, Sandboxes and #RegTech So I just attended a really interesting two day meeting that covered all things blockchain, regulations, innovation and more.

Maine 150

Maine blockchain Regulation Innovation 150

PYMNTS

DECEMBER 4, 2020

Dutch antitrust regulators have launched an investigation into freedom of choice regarding payment apps and is eyeing Apple Pay’s limitations, Bloomberg reported. Although the antitrust regulator didn’t mention Apple by name, it said in a press release on Friday (Dec. A violation could result in a fine or some other penalty.

Apple 159

Apple Payments Software Regulation 159

Chris Skinner

MAY 12, 2017

He is the Chair of the European networking forum: the Financial Services Club and sits on the advisory boards of numerous companies including Innovate Finance, Moven, and Meniga. Chris Skinner: The world’s leading-edge regulatory bodies are creating lighter regulations than one required for a full banking license.

Regulation 255

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PYMNTS

JUNE 8, 2016

In a payments landscape that is ever-changing and rapidly growing, having a focus on innovation that takes that same approach is significant. As Peter Read , President of Peoples Card Services , recently pointed out to PYMNTS, needs are never static, and neither should the payments innovation aimed at addressing them.

Innovation 100

Innovation Millennials Cards Fintech 100

PYMNTS

FEBRUARY 4, 2020

Open Banking’s European success has kicked off interest in similar regulations worldwide, most notably in China, India and Singapore, where digital banking’s popularity among general consumers is rapidly rising. SCA Questions Stall Innovation. This fractured SCA’s ability to innovate, and challenges persist months after its deadline.

Fraud 144

Fraud Regulation Compliance Innovation 144

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. APIs and open banking growth. APIs are critical, as they enable further digital banking connectivity. “In

Digital Banking 185

Digital Banking Innovation Maine Regulation 185

PYMNTS

SEPTEMBER 10, 2018

Long before innovators began talking about the power of ecosystems to transform commerce, scientists spent centuries studying them under microscopes in their labs. Decomposer for innovator large or small, established or emerging. An Ecosystem By Any Other Name. Substitute producer for buyer or supplier. Consumer for the end user.

Innovation 146

Innovation Cards Payments San Francisco 146

Bank Innovation

SEPTEMBER 3, 2016

XBRL adaptation for reporting, monitoring and supervisory purposes is a broad topic that encompasses Central Banks, Regulators, Stock exchanges, individual companies (both private and public).

Fintech 258

Fintech Maine Regulation Report 258

PYMNTS

DECEMBER 28, 2020

I’d written back in January that “the 2020s promise to bring about a convergence of the technology and innovations that have defined the last 10 years — to bring about new disruptions as the web shifts into higher gear, mobile becomes ever more popular and vital, homes and automobiles become hotbeds of commerce. smaller.

Maine 270

Maine Payments Policies Survey 270

PYMNTS

OCTOBER 21, 2016

It is critical that we promote and defend competition, even in markets that are highly innovative, to ensure that small entrants aren’t squeezed out through needlessly restrictive conditions and policies,” Johnson stated in the letter. “I I strongly encourage the FTC to give this issue the close attention that it deserves.”. (R-WI),

Regulation 100

Regulation Washington Google Apple 100

Bank Innovation

JUNE 6, 2017

Moving it out of that stage, according to experts, means innovating a very specific sect of the technology, known as natural language processing (NLP). Building artificial intelligence technology into a financial system is tricky—mainly because artificial intelligence technology is still in its nascent stage.

Maine 207

Maine Innovation Technology System 207

Chris Skinner

JULY 7, 2017

Legacy economies vs. Innovation economies Chris Skinner describes how mainly Europe and North America are shaped by an ageing financial services infrastructure which was laid in place before the internet appeared and therefore needs refreshing.

America 223

America Maine Trends Innovation 223

PYMNTS

APRIL 29, 2020

Today, there remains a broad spectrum of positions that regulators and financial service providers hold when it comes to working with crypto businesses. ius noted, this is often because the heart of the cryptocurrency industry is often at odds with the nuances of regulation. As Karalevi?ius According to Karalevi?ius,

cryptocurrency 283

cryptocurrency Compliance Regulation Payments 283

Let's Talk Payments

JUNE 24, 2016

The MIF regulation (full name – “Regulation (EU) 2015/751 on interchange fees for card-based payment transactions”) came into effect at the end of 2015 and is composed of four main.

Regulation 75

Regulation Apple Maine Cards 75

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

JULY 18, 2019

The regulation is also altering banks’ end customer interactions as new players make their way to the financial stage. ING is keeping this platform approach in mind as it adapts its API developer portal to meet current regulations. payments and financial innovations. PSD2 and the dawn of the platform .

Innovation 164

Innovation Data Regulation Fintech 164

PYMNTS

MARCH 8, 2019

It’s one of the main clichés of the early 21 st century, but that doesn’t mean it’s wrong: Data is the new oil. That concern, in fact, serves as one of the main barriers that prevents financial institutions (FIs), payment service providers and other businesses from monetizing their customer data. Poorly Understood.

Data 170

Data Strategy Maine Compliance 170

Perficient

JULY 10, 2023

But, as one of the most regulated and notoriously untrusted industries, the financial services industry is among the most vulnerable to being impacted by negative digital media, driving up its vulnerability to reputational risk. Reputational risk is convoluted. Recent bank crises plead the case for risk management preparedness.

social media 170

social media Risk Management Analysis Industry 170

PYMNTS

AUGUST 14, 2017

The regulators in Europe piled a $2.7 I wrote a whole piece about this several weeks back, where I did a bit of my own piling onto the EU for the reality-challenged arguments behind the fine and its new regulations of Google. You don’t even need to be an antitrust expert to get that this is a baseless claim. Survival of the Fittest.

Innovation 109

Innovation Online Google Millennials 109

PYMNTS

JUNE 1, 2018

Consumers who get more, want more — which puts the pressure on FIs to innovate for more complex needs. Regulation is another increasingly steep challenge. 63 percent : Share of FIs that report meeting a customer need as the main driver for innovation. However, where there is opportunity, there are challenges.

Payments 109

Payments Google Meeting Innovation 109

PYMNTS

APRIL 30, 2020

The COVID-19 pandemic has caused an impact on open banking developments worldwide as regulators, financial institutions (FIs) and businesses set their sights on helping their current customers rather than future innovations. where regulators have been workshopping potential rules for several years. Seventy percent of U.S.

Regulation 188

Regulation Regional Data United States 188

PYMNTS

JANUARY 3, 2020

As well there should be — those are among the main traits set to define payments in the 2020s. As you can imagine, digital disbursements stand as one of the main areas of innovation and disruption for the practice of payments going forward. But in fairness, it’s going to be a big one, at least from all the signs. It’s happening.

Payments 209

Payments Innovation Maine Compliance 209

PYMNTS

OCTOBER 19, 2016

According to Brad Fauss, president and CEO of the Network Branded Prepaid Card Association, the recently released regulations on prepaid cards from the Consumer Finance Protection Board could be another instance of good intentions gone wrong. The updated regulations are slated to take effect Oct.

Regulation 100

Regulation Cards Digital Banking social media 100

PYMNTS

DECEMBER 17, 2020

Massachusetts regulators filed a complaint against Robinhood on Wednesday (Dec. 16) alleging that the stock-trading platform failed to protect its customers and their assets, violating state laws and regulations. Main Street SMBs Wax Optimistic On Surviving The COVID-19 Age.

Massachusetts 147

Massachusetts Bitcoin Payments System 147

PYMNTS

JUNE 16, 2019

Not only that, but “a senior regulator at the central bank wrote to chief executives this week, ordering them to tighten standards and correct ‘overly optimistic’ risk modelling.”. The main problem reportedly stems from challenger banks’ failure to support “assumptions in their stress test models,” according to the news outlet.

Metro 125

Metro Regulation Maine Report 125