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For AML, Three ‘I’s: Innovation, Interoperability … And Identity

PYMNTS

The bumpy road cryptos face under scrutiny from regulators (we’re looking at you, Libra ) was a springboard into a larger discussion between Zac Cohen, general manager at Trulioo , and Karen Webster on the challenges FIs and others face when deploying new technologies. Complications arise when financial activity is so far-flung, he added.

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Senator Mark Warner Drops New Policy Proposals For Regulating Tech

PYMNTS

Virginia Senator Mark Warner, vice chairman of the Senate Intelligence Committee, released a policy paper detailing 20 options for the government to start regulating big tech a lot more closely. In fairness to Facebook, it is far from the only target of the regulations. The Suggested Regulations. What It Targets (and Why).

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10 NBFI AML Compliance Essentials

Abrigo

Takeaway 1 NBFIs are agile and innovative and are competing head-to-head with traditional financial institutions. Takeaway 2 NBFIs should ensure their AML programs are sound and pass the scrutiny of FinCEN and their primary regulators. Stay up to date on regulations affecting NBFIs and other BSA trends. DOWNLOAD .

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Banque Misr in Egypt automates trade finance with Finastra

Bobsguide

Banque Misr extends collaboration with Finastra, selecting Fusion Trade Innovation and Fusion Corporate Channels to boost its offering and attract new customers. Ahmed Diab, Country Manager – Egypt at Finastra said, “Banque Misr is one of the leading national banks in Egypt, with a big market share of trade finance business in the region.

Regional 113
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How Airbnb Uses Payments To Stay Competitive

PYMNTS

This means localizing their services and not taking a one-size-fits-all approach when it comes to payment methods and user experiences. Their user experiences need to be easy and friction-free, no matter the churning waters in the back end.

Payments 183
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How Mexico’s Central Bank Plans To Move Payments To Digital

PYMNTS

The discussion took place as Diaz looked back at the 15 months that have passed since Banxico launched Cobro Digital (CoDi), the national digital payments platform that uses QR codes and NFC to enable users to transact with mobile devices. Information, he said, generates money in the form of additional revenues yet to be realized.

Payments 363
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Brazil’s Nubank On The Universal Pain Points Of Small Business Banking

PYMNTS

The market as a whole can benefit from the competition and innovation that open banking will provide to the industry.”. Those opportunities are particularly impactful in an era of banking where customer service and end-user experiences are often the defining factor of whether a customer is loyal or not. Europe, U.S.