PYMNTS

JULY 10, 2020

For several years, while state-level legalization has expanded, access to traditional banks remains an issue thanks to their status as federally regulated entities. It’s why, said Muller, payment innovators in the cannabis market must keep a macro view while targeting micro use-cases and user populations.

Innovation 210

Innovation Payments Tools Compliance 210

PYMNTS

MAY 24, 2019

The Financial Crimes Enforcement Network ( FinCEN ) is launching an initiative called the FinCEN Innovation Hours Program, as a call to private sector companies that have developed tech to fight money laundering and terrorist financing, the organization said in a release. FinCEN expects to hold events in the Washington, D.C.

Innovation 124

Innovation US Metro Washington 124

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.

Online 151

Online Report Payments Regulation 151

PYMNTS

JANUARY 15, 2021

Chaves also said the company will earmark a percentage of the proceeds to accelerate financial inclusion in the region. Founded in 1999, based in Argentina and registered in the United States, MercadoLibre is an eCommerce platform and digital payment solution that operates across Latin America. 7 and are due in 2031, Bloomberg said.

Regional 207

Regional America United States Operations 207

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

Bank Innovation

MARCH 2, 2018

The 16 registered cryptocurrency exchanges currently operating in Japan will soon form a self-regulating body, after a $530 million heist of digital coins in the region led to investor concerns, Reuters reported today.

cryptocurrency 199

cryptocurrency Regional Regulation Operations 199

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 .

Data 199

Data Retail US California 199

PYMNTS

DECEMBER 11, 2019

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. Regulators the world over are beginning to take a closer look at the alternative and marketplace lending business model.

Fintech 144

Fintech Lending Regional Regulation 144

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. By 2009, A&P had shrunk in size and became a modestly sized regional chain. Regulators didn’t destroy A&P in the end. There was one wholesaler for every 43 mom-and-pop operations.

Regulation 105

Regulation Online Innovation Google 105

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

Strategy social media Regulation Retail 188

PYMNTS

JANUARY 2, 2020

These financial institutions ( FIs) have recognized how this regulation has affected the EU financial ecosystem, and they have passed that familiarity onto the merchants and payment providers that work with them. The EU is no longer the only region looking to upgrade its data and financial protection legislation. and Turkey.

Regulation 131

Regulation California Regional Fintech 131

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

JUNE 15, 2020

Supply chain disruptions and economic volatility have elevated risk exposure for many enterprises, but for small- to medium-sized businesses (SMBs) operating globally, that risk of exposure can be catastrophic. Digitization of SMB banking has been a key driver of innovation in this arena for recent years. Balancing Local With Global.

Regional 245

Regional Operations Fintech Tools 245

PYMNTS

JUNE 5, 2020

FIs and their regulators are clinging to that vision even as they work to answer complicated questions brought about by the virus surrounding online payments, security and data privacy. Regulators are addressing what data can be shared compliantly under the General Data Protection Regulation (GDPR), for example. EU and U.K.

Regulation 131

Regulation Data Online Regional 131

PYMNTS

OCTOBER 7, 2020

The challenge of keeping a payments platform and the associated processes in line with these market innovations, the latest regulations and the evolving standards and rulebooks are significant. Both the application and the operational team support cross-border transactions,” he told PYMNTS.

Payments 229

Payments System Operations Training 229

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.

Regulation 116

Regulation Regional America Operations 116

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

PYMNTS

JANUARY 22, 2021

The company worked alongside global aviation and communications regulators, devising ways “to safely fly a lighter-than-air vehicle for hundreds of days in the stratosphere to anywhere in the world,” Westgarth said. He added that Loon developed several important technologies that could possibly pave the way for future innovations.

New York 181

New York Regional Community Software 181

PYMNTS

FEBRUARY 8, 2018

B2B payments are an instrumental component of global trade and of setting the stage for currencies to operate as global instruments of cross-border trade. Three unnamed sources told Reuters that Chinese officials are opening up its large-value payment system to operate 21 hours a day, with the ability to process payments overnight.

Innovation 111

Innovation Payments blockchain Analysis 111

NCR

APRIL 27, 2018

Many in the banking industry have recently highlighted Africa as a part of the world that has huge untapped potential for the development of innovative financial services products. Keeping up with the pace of innovation. Tanzania, for example, has permitted this for three years. However, other nations still ban the practice.

Innovation 56

Innovation Regional Regulation Mobile 56

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. The law is still ambiguous.

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

MARCH 25, 2019

The Netherlands, for instance, only recently implemented it because it needed to make sure that consumers’ personal data will remain protected, as payments in the region are mostly digital. The country was unenthused, she said, adding that the new PSD2 law is viewed as “a way of regulating activity that is in the market already.”.

Regional 108

Regional Regulation Data Payments 108

PYMNTS

SEPTEMBER 11, 2019

Currently, there are 57 real-time payments rails operating in more than 72 countries, with even more under construction. Different regions have their own unique payment rails, and no two abide by the same regulatory framework. Other initiatives are being spearheaded across regions. So, what’s the problem?

Payments 190

Payments Regional Operations Guidelines 190

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

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

JUNE 26, 2020

The new partnership will allow customers of eWallet to make transfers across over 200 countries and territories in what the release calls an “expansive network” of mobile operators and also physical locations. The issue is being addressed through numerous innovations making it cheaper and easier to send payments home.

Mobile 168

Mobile Regional Compliance Regulation 168

Bobsguide

APRIL 13, 2022

Banque Misr extends collaboration with Finastra, selecting Fusion Trade Innovation and Fusion Corporate Channels to boost its offering and attract new customers. Ahmed Essam, Head of Corporate Operations at Banque Misr said, “We selected Finastra due to the efficiency of its solutions and the team’s commitment to our business.

Regional 113

Regional Innovation User Experience Software 113

PYMNTS

NOVEMBER 18, 2019

As the movie industry goes through more changes with technological innovation, with new streaming businesses and new business models, it is our hope that the termination of the Paramount decrees clears the way for consumer-friendly innovation,” said Delrahim. In a speech on Monday (Nov.

United States 100

United States Innovation Regional Apple 100

PYMNTS

MAY 23, 2019

In the case of regulators, that means better protections for customers who are participating in the global sharing economy. In Europe, parliament recently approved a regulation for more consumer protections, one that seeks to prevent unfair trading practices within the region. How FashionPass is Innovating Clothing Rentals.

Case Study 157

Case Study Innovation Regulation Millennials 157

PYMNTS

JANUARY 16, 2020

Companies must manage increased data processing and transaction volumes for their clients, and the stress pushes many to rely on multiple banks to keep operations running smoothly. This development was driven by a regulation put into place by the country’s Competition and Markets Authority (CMA), which sought to innovate the U.K.’s

Strategy 132

Strategy Data Operations Innovation 132

PYMNTS

MAY 30, 2018

Cash remains king in the region, with about two-thirds of consumers in Latin America preferring that payment method over credit, according to estimates. In a recent interview, published by Knowledge@Wharton , he said there are about 40 companies operating in the same rough spaces as PagSeguro with annual revenue of at least $250 million.

America 109

America Regional Mobile Pennsylvania 109

PYMNTS

FEBRUARY 25, 2020

The country’s recent cybersecurity and Open Banking developments have thus been the subjects of extensive scrutiny among its own regulators, as well as among cyber and financial experts around the world. Chinese regulators are also working on regulations to shore up application programming interface (API) innovations and platform banking.

Regulation 140

Regulation Compliance Online Data 140

PYMNTS

JANUARY 6, 2020

PSD2 connects the country to online banking platforms in other compliant regions, making it important for FIs across all markets to review how the legislation could change normal banking behaviors within Turkey. The country is one of the first outside of the EU to adopt PSD2 rather than creating an open banking regulation of its own.

Regulation 131

Regulation Industry Data Regional 131

Bobsguide

JUNE 10, 2022

The incoming EMIR Refit regulation will increase sell-side and investment firms’ reporting requirements to a level where submitting new data fields and new combinations of actions and events could cause significant delays and run the risk of fines, a study from Acuiti has found.

Regulation 88

Regulation Resources Study Compliance 88

PYMNTS

AUGUST 7, 2017

United Arab Emirates (UAE) regulators are setting out to establish a framework to guide the small business (SMB) crowdfunding market, news reports on Sunday (Aug. Reports noted that regulators are aiming to promote innovation and a broadening of small business investment activity.

Regulation 105

Regulation Regional National Report 105

PYMNTS

FEBRUARY 10, 2017

The region is also home to an active and fast-growing startup scene. Brussels the third wealthiest region in terms of GDP per capita due to this number being twice as high as the European average. The city was ranked as a strong innovator by the latest edition of the Regional Innovation Scoreboard (RIS 2016).

Capital 100

Capital Regional Innovation Fintech 100

PYMNTS

JANUARY 25, 2017

In an interview with Crowdfund Insider, Tania Ziegler, research program manager at CCAF, said the upcoming report “will probe how the industry is responding to shifts in regulation and how platform operators view and address systemic risks associated with a growing market.”. credit assessment, due diligence, etc.),

America 100

America Lending Regulation Regional 100