PYMNTS

NOVEMBER 25, 2020

The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. Among the potential and evolving use cases: private stablecoins can conceivably be adopted as a means of payment for online purchases, peer-to-peer and micro-payments and a range of potential future.

Regulation 231

Regulation Bitcoin Cleveland Study 231

Bank Innovation

FEBRUARY 12, 2018

Citigroup is setting up an innovation lab in London. s preparation for Brexit, not to mention the new PSD2 regulation that went live some weeks earlier. The decision to set up this lab comes at the heels of U.K.’s Citigroup’s lab will employ 75 tech experts. It will be located in one of WeWork’s shared workspaces […].

Innovation 218

Innovation Regulation Digital Banking Online 218

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.

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Online Report Payments Regulation 151

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. Regulators didn’t destroy A&P in the end. Its failure to keep innovating in the face of new players that did was A&P’s downfall. Lower prices. By 2015, it had closed its doors.

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Regulation Online Innovation Google 105

PYMNTS

APRIL 21, 2020

A partnership between The University of Oxford , Saïd Business School and Mastercard will launch an online education program to teach business leaders about the strengths and perils of the modern day internet. The class, he said, was a way of ensuring that this was done with a measure of public trust.

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Course Online Leadership Analytics 246

PYMNTS

FEBRUARY 25, 2019

As regulators overseeing non-banks, our goals are clear: Ensure the safety and soundness of the financial system, protect consumers and streamline the multistate experience,” said Mark Quandahl, chairman of the CSBS Emerging Payments & Innovation Task Force, in a statement.

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Regulation Fintech Community Bank Community 147

Bank Innovation

SEPTEMBER 27, 2017

Fintechs are partnering with banks, banks are using blockchain technology, artificial intelligence, and cryptocurrency and financial regulation is still undergoing massive changes. 2017 has been a […].

Innovation 360

Innovation cryptocurrency blockchain Fraud 360

PYMNTS

FEBRUARY 6, 2020

Buy now, pay later (BNPL) company Afterpay has pushed back against the Reserve Bank of Australia’s potential regulation of its fees. Eisen also noted that the Afterpay online store directory saw 48 million referrals in the previous year, and that tech giants charged referral fees of between 10 and 15 percent.

Regulation 141

Regulation Google Policies System 141

Bank Innovation

APRIL 24, 2017

The rise of insurtech is running parallel to the rise of regtech, as financial firms and startups apply artificial intelligence, blockchain, and other technologies to the dizzying world of financial regulation.

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Regulation blockchain Fintech Technology 255

PYMNTS

MAY 7, 2020

Many are instead flocking to online gambling sites after the closure of all 989 commercial and tribal casino properties in the U.S. However, it can take a long time for online players to collect funds, unlike at casinos, where consumers can instantly collect winnings in cash. Regulatory Hurdles Trip Up Disbursement Innovation.

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Online New Jersey Pennsylvania Regulation 142

PYMNTS

OCTOBER 2, 2019

It’s not exactly high time for legal online gambling yet – that comes in early 2020, with the Super Bowl and then the NCAA college basketball tournament – but the betting season is certainly heating up on more ways than one. And that new fuel comes as the legal online and mobile gambling industry in the U.S. Payments Innovation.

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Online Houston New Jersey Innovation 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.

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Innovation Payments Trends Regulation 289

PYMNTS

DECEMBER 9, 2020

The pandemic has spurred consumers to go online for all manner of daily activities — and the fraudsters are following them. And new regulations are taking root or are on the horizon to help protect consumers, their data and how that data might be used.

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Regulation Security Data Course 234

PYMNTS

DECEMBER 27, 2019

The move signals that Big Tech companies and their acquisitions are going to be under more and more scrutiny as regulators from countries all over the world continue to open investigations. and in the supply of online convenience groceries.”. The CMA will rule on its findings by June 11. A homegrown U.K.

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Regulation Marketing Online Examples 130

PYMNTS

JANUARY 28, 2021

It will likely alter global markets and regulations as the financial ecosystem becomes more digitized. The following Deep Dive examines the interest in contactless payments among credit union members and the opportunity for the CU space to meet members’ changing payment needs through digital innovation.

Innovation 187

Innovation Millennials Payments Mobile 187

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. Meanwhile, payment service providers (PSPs) are scrambling to find ways to authenticate these customers without adding friction to online transactions. About the Tracker.

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Regulation Trends Compliance National 134

PYMNTS

AUGUST 14, 2017

There seems to be an awful lot of piling on these days on the big online platforms. 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. Then there’s Amazon.

Innovation 109

Innovation Online Google Millennials 109

PYMNTS

JULY 24, 2019

New York’s Department of Financial Services (DFS) has launched a new Research and Innovation Division that will be responsible for licensing and supervising virtual currencies. Lacewell said in a press release.

Regulation 108

Regulation Bitcoin New York Online 108

Abrigo

APRIL 19, 2016

banks incorporate “responsible innovation” as they adapt quickly to these advances, but what exactly does that mean? In a recent whitepaper (download), the regulator outlined the general approach it will take as it evaluates innovative products, services and processes that OCC-regulated banks may offer or perform.

Innovation 150

Innovation Fintech Risk Management Community Bank 150

PYMNTS

JULY 22, 2020

And in bank regulation, open banking is developing at a fast clip in Brazil, while the pandemic may have sped up the digital banking shift in many markets beyond the region. consumers who expect to do a majority of their shopping online after the pandemic. $6M: All this, Today in Data. . 23%: Share of U.S.

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Innovation Regional Data Digital Banking 130

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 Divide.

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Innovation Retail Maine Security 174

Bank Innovation

JANUARY 6, 2017

Professionals in the financial services industry are focusing their energy on regulation and data management, according to a survey from consulting firm and technology services provider Synechron.

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Regulation Industry Management Data 210

PYMNTS

JULY 12, 2018

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. A bill signed by Governor Andrew M.

Online 100

Online New York Lending Regulation 100

Bank Innovation

NOVEMBER 6, 2017

Chinese and Australian regulators are partnering up on fintech. The deal will give each country more insight into emerging fintech trends taking place in the other region, according to the regulators. […].

Regulation 207

Regulation Fintech Regional Trends 207

Bank Innovation

SEPTEMBER 8, 2017

Chinese insurance company ZhongAn Online Property and Casualty Insurance, which boasts a customer base of 500 million people, has obtained approval to open an initial public offering (IPO) on the Hong Kong stock exchange. China’s first online-only insurance company hopes that the IPO will raise as much as $1.5 billion USD.

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Company Regulation Online social media 231

PYMNTS

JANUARY 14, 2021

Saudi Arabia’s Open Banking Plan Aims To Advance Digital Innovation. SAMA is debuting an open banking policy to further digital innovation in the financial services space. The country’s central bank said the plan is for open banking to go online in the first half of next year.

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Innovation Policies Groups Payments 138

PYMNTS

MARCH 25, 2019

While that happens, the payments industry is upping its game against counterfeit goods sold online. Finally, one Western European country has decided to take a slower approach when it comes new digital payment regulation. And with the growth of the Internet of Things comes more regulatory pressure and concerns.

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Innovation Fraud Regulation Data 148

PYMNTS

DECEMBER 7, 2020

UK Regulations to Create New Digital Markets Unit. antitrust regulators are creating a Digital Markets Unit that will be given the duty to enforce rules applicable to Big Tech firms. Millions of people share creative content or advertise their small business’ goods online,” the British government said in a press release.

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Apple Regulation Taxes Marketing 143

PYMNTS

SEPTEMBER 16, 2019

“It’s challenging that the industry that was built on trust is struggling with that trust,” said Erick Schwab, co-founder of Sylo, a third-party service that authenticates online audiences. Like with all new innovations, there are going to be some hitches to it,” Cavazos said. Sylo is sponsoring the event. The 15 percent is an average.

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social media Regulation New York City Baltimore 150

PYMNTS

FEBRUARY 20, 2018

It doesn’t look like global banking regulators will be rushing to change their rules for FinTechs anytime soon. According to Reuters , traditional banks will feel the impact if FinTechs start offering services such as payments, crowdfunding, mobile banks and online trading. In fact, Britain’s Financial Conduct Authority and the U.S.

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Regulation Fintech Training Innovation 101

Abrigo

APRIL 27, 2020

The online version of the Exam Manual is being updated as of this writing. FinCEN Strengthens Commitment to Digital Innovation. The post Banking Regulators Release April 2020 BSA/AML Examination Manual Updates appeared first on Abrigo. Staying on top of alerts is more than a full-time job. learn how we can help. Learn More.

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Regulation Compliance Software Analytics 195

PYMNTS

APRIL 16, 2020

COVID-19, the panel universally agreed, for all the havoc it has wrought, may end up being the catalyst for innovation that the CU entire industry needed to really begin its next evolution in delivering on its members expectations. Innovating On A Dime. As of today, we’ve gone to 85 percent at home.

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Innovation Meeting Industry Tools 141

Bank Innovation

MARCH 30, 2018

bank said it will be switching off access to 24 million customers as the bank restructures itself as required by national regulation. Barclays customers across Europe will not be able to use their mobile banking app this weekend. The major U.K. These changes were established by the Bank of England in 2011, and is referred […].

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Online National Regulation Mobile 220

Bank Innovation

FEBRUARY 12, 2018

challenger bank Monzo is in early talks with regulators about acquiring a license for possible expansion to the United States, the company said. Monzo is still in the “very, very early stages” of these talks, for a launch that is not set for the immediate future, according to bank CEO Tom Blomfield. Blomfield told […].

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Regulation United States Company Online 218

PYMNTS

FEBRUARY 11, 2019

But since it’s the data point that most use to define the online/physical retail sales split, let’s use it to project, based on historical trends what the world looks line in twenty years. It also purchased online pharmacy PillPack , and owns Zappos and fashion eTailer Shopbop. percent of all retail sales, including auto, in 2039.

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Online Retail Mobile Branding 197

PYMNTS

FEBRUARY 5, 2018

Last month, Canada’s Competition Bureau released its final study on tech-led innovation in FinTech, offering regulators some thoughts on competition in the payments sphere, along with suggestions on where the competitive landscape could be improved. PYMNTS asked which countries might be a model and a template for innovation for Canada.

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Regulation Bitcoin Innovation Study 103

PYMNTS

OCTOBER 14, 2019

AML and the problem of innovation. Starting an innovation battle can be more difficult than expected for banks, in part because of how U.S. financial regulations work. banks have to analyze AML regulations before even beginning to innovate, and the rules in question change often.

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Strategy Fraud Innovation Regulation 109