CFPB Monitor

MAY 31, 2022

Associate Director Evangelista stressed “responsible innovation” by the cryptocurrency industry, in order to protect consumers and national security interests, as well as to combat cybercrime and other illicit financial activity. Responsible Innovation “. Responsible Innovation “.

cryptocurrency 146

cryptocurrency Innovation DC National 146

PYMNTS

MARCH 2, 2020

It’s really difficult, the banking ecosystem is not fast and that’s just reality,” Jim McCarthy, industry expert and former innovation head for Visa, told Karen Webster in a recent conversation. The Headwinds Creating The Innovations Gap . According to the latest edition of the Innovation Readiness report, only 22.3

Innovation 222

Innovation Data System Mobile 222

PYMNTS

MAY 21, 2019

Bundesbank, Germany’s central bank, said increased use of financial technology in the country could present regulators with their biggest hurdle since the financial crisis, according to a report by Bloomberg. “We

Digital Strategies 122

Digital Strategies Cards Technology Regulation 122

PYMNTS

JANUARY 22, 2020

In an interview with CNBC on the second day of the World Economic Forum , JPMorgan Chase CEO Jamie Dimon warned that sovereign debt presents a risk, saying it is among the “only” areas where financial bubbles have taken shape. More recently: Sovereign debt and high-tech initiatives, including artificial intelligence (AI).

Taxes 131

Taxes Regulation Conference National 131

Bank Innovation

MARCH 19, 2020

What is the role of innovation in response to these rapidly unfolding events? For insights into these questions, Bank Innovation and INV Fintech, its sister banking innovation services platform, will present a special Zoom meeting on […]. How will banks and startups work together?

Meeting 293

Meeting Fintech Innovation Customer Experience 293

PYMNTS

DECEMBER 31, 2020

Fast-forward to the present, and Afterpay now counts more than 11 million active customers at 63,000 retailers – and most recently reported doing $2.1 One is regulatory trends, where regulators are looking to increase competition in this field and drive innovation. "One The other is technological innovation.

Innovation 289

Innovation Payments Trends Regulation 289

PYMNTS

JANUARY 17, 2020

Critics say that stringent data protection laws like the EU’s could hinder innovation around AI, but EU officials say they want to harmonize and streamline rules in the region. Facial recognition is among the things the EU might look at regulating. The effect will be a boost to development.

Regulation 131

Regulation Regional Technology Innovation 131

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

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. Regulators also called out the tech company’s warranty terms for not covering water damage. But there is growing consensus in the U.K.

Apple 143

Apple Regulation Taxes Marketing 143

PYMNTS

MAY 11, 2018

Innovation implies a break from the conventional ways of operating a business. Ultimately, innovation is oxygen for companies in almost any vertical, as competition demands new products and services, improving customer experiences in unexpected ways. Some companies view risk management and compliance as roadblocks to innovation.

Compliance 125

Compliance Innovation Management Risk Management 125

PYMNTS

JULY 22, 2019

Others are just looking for a way to even be able to comply with KYC [know your customer] regulations as they are trying to remotely enroll unbanked consumers.”. The Latin American market isn’t going to slow down — not from an innovation standpoint, and not from a regulatory standpoint. Meeting A Dynamic Market .

Innovation 161

Innovation Payments Regional America 161

PYMNTS

MARCH 30, 2020

The American workforce shifted to telecommuting almost overnight, and regulators have found ways to shorten decision making that once took months and years into hours and days. All panel participants noted that healthcare has not been an industry focused on digital innovation — either in terms of the provision of care or in paying for care.

Innovation 147

Innovation System United States Tools 147

CFPB Monitor

SEPTEMBER 19, 2019

The CFPB has published a notice in the Federal Register seeking ideas on how it can use Tech Sprints to advance regulatory innovation and compliance. Small teams include participants from both the regulator and a diversity of entities to ensure the inclusion of regulatory, industry, and technology perspectives.

Innovation 60

Innovation Compliance United States Regulation 60

Insights on Business

FEBRUARY 23, 2019

Two years ago, they were appointing chief innovation officers to dip their toes in with proof-of-concept projects or in-house incubators. Leaders who come together across business lines and IT functions to overcome the challenges presented by siloed, legacy technologies. Three years ago, banks were looking at fintechs with a wary eye.

Innovation 125

Innovation New York City Training Case Study 125

PYMNTS

OCTOBER 17, 2017

The cross-border payments space presents a whole host of challenges for FinTech innovators to try to solve, with new solutions targeting everything from global eCommerce to international tuition payments. trillion by the end of the decade; that presents a significant opportunity in corporate payments, according to analysts.

Innovation 104

Innovation Payments Fintech Survey 104

Chris Skinner

MAY 23, 2017

The first is the Innovate Finance research into Industry Sandboxes. Commissioned by the Financial Conduct Authority (FCA), the UK regulator, the aim was to identify how Industry Sandboxes, rather than Regulatory Sandboxes, can help to create new services in finance. Here’s his presentation an summary of what’s happening.

Fintech 202

Fintech Innovation Compliance Industry 202

Bank Innovation

SEPTEMBER 6, 2017

New rule changes under discussion by European Union regulators could allow EU banks to invest more in software, allowing them to better fight against cyber attacks, as well as to keep pace with fintech firms. EU regulators are presently considering changes to banking laws that classify software as a cost, rather than an investment.

Software 273

Software Regulation Fintech Compliance 273

PYMNTS

MARCH 18, 2016

” Innovation Project 2016 — where hundreds of leaders across the payments, commerce, tech and security ecosystems joined together under one roof with one mission: navigating the balance between the leading and the bleeding edge. Especially when your talking innovations in payments. So, how did Day 2 end up?

Innovation 100

Innovation Security Industry blockchain 100

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. Absent an energy source, the ecosystem dies. Consumer for the end user.

Innovation 146

Innovation Cards Payments San Francisco 146

PYMNTS

APRIL 19, 2019

This presents a few opportunities for the profession, Jones told PYMNTS in a recent interview. The EU’s General Data Protection Regulation (GDPR) is a prime example, said Jones. Payroll and tax-related regulations are also a strategic focus for accountants handling payroll for their customers.

Innovation 154

Innovation Compliance Technology Resources 154

Insights on Business

MARCH 5, 2019

Reducing costs but appeasing regulators seems like an oxymoron, yet, many AML compliance and operations leaders are being asked to do just that. The question is, how to do this, while keeping the regulators happy? Even better, regulators have recently begun encouraging the application of these techniques.

Regulation 70

Regulation Compliance Analysis Innovation 70

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. Clear introduced its reusable identity from its Sora ID acquisition and presented it at the conference for the first time to financial services companies.

Conference 221

Conference Las Vegas Fraud Case Study 221

CFPB Monitor

AUGUST 1, 2022

The FHFA also issued a request for information (“RFI”) seeking public input on how to facilitate responsible innovation, identify barriers or challenges to implementing fintech into housing finance, support equity for homeowners and renters, and increase efficiency and effectiveness in the compliance and regulatory processes.

Financial Technology 78

Financial Technology Technology Fintech Compliance 78

PYMNTS

JULY 11, 2017

The basis of innovation is not the desire to create something new or even the inspiration to do so. Innovation occurs where there is a problem and a person with the tools to solve it. Anyone can have a good idea,” Lowthers said; innovation is about what you do with it. PYMNTS: Where do you look for innovative ideas, and why?

Innovation 101

Innovation social media Security Leadership 101

PYMNTS

APRIL 12, 2017

payments technology firm VocaLink has received approval from regulators, with the deal expected to close in the coming weeks. One of the biggest opportunities presented by VocaLink’s faster ACH payments is the ability to modernize the paper-based, analog businesses that still use checks to pay bills. “If Ditching the Paper Check.

Regulation 102

Regulation Technology Payments Marketing 102

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

PYMNTS

OCTOBER 13, 2019

Bengaluru-based Razorpay would like to work with the Reserve Bank of India (RBI) on new regulations that would make it mandatory for payments companies to comply with RBI’s entry point, technology, security, data storage and more. So far, we haven’t dealt with the regulator directly, because we were small. It is a welcome step.

Payments 140

Payments Regulation Guidelines Innovation 140

Abrigo

MARCH 7, 2022

Experts weigh in on regulatory hot topics for 2022 Review these 10 insights into what regulators are looking for in 2022 to help your financial institution pass exams with flying colors. Takeaway 1 Regulators have increased their focus on BSA in the first quarter of 2022, and the crisis in Ukraine will put OFAC in the spotlight.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

PYMNTS

APRIL 16, 2019

Among the most recent headlines, in Asia this past week, the Monetary Authority of Singapore (MAS) and the National Bank of Cambodia have signed a memorandum of understanding (MOU), that Business Times said will boost partnerships on FinTech and financial services innovation. The banks have also agreed to share data on emerging markets.

Fintech 211

Fintech San Francisco National Innovation 211

PYMNTS

JULY 27, 2017

Manufacturing identifies the highest impact policy barriers as workforce, coordination and financing, regulation and tax and trade and highlights for specific policies that have the potential to effectively accelerate and grow manufacturing in the U.S. The retailer argued that could potentially result in the creation of an estimated 1.5

Policies 111

Policies Case Study United States Boston 111

Perficient

APRIL 14, 2022

In addition to adherence to increasing privacy regulations, it will be important for insurance carriers to demonstrate responsible data custodianship and judiciously use data sets in the commerce process. . New product opportunities are being driven by innovation and market conditions. Don’t Automate a Bad Process .

Strategy 332

Strategy Tools Industry Customer Experience 332

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

Gonzobanker

FEBRUARY 1, 2023

While AOBA provides a fertile forum for buyers and potential sellers in the bank M&A space to commensurate, the crowd uses this valuable face time to also delve into discussions about the economy, strategic growth, fintech innovation, competition, and talent wars.

Arizona 145

Arizona Kansas City Industry Phoenix 145

PYMNTS

NOVEMBER 13, 2020

But in the alcohol beverage arena, unique regulations — many of which date back to the era of prohibition — have added an extra layer of complexity to the supply chain. Keeping track of invoices and the valuable data they present can be key for a business in any industry. It's all about the speed of getting systems updated.".

Industry 219

Industry Payments Retail Regulation 219

PYMNTS

JUNE 9, 2019

Reuters reported Lagarde said that technology companies’ use of big data and AI i ncreases big tech companies’ dominance in the mobile payments market, which could result in policymakers around the world rethinking how they regulate the banking system and how they ensure financial settlements are made safely and securely. “A

Industry 190

Industry Big Data Fintech Taxes 190

PYMNTS

JUNE 24, 2019

The think pieces have come in waves, as have the reactions from analysts, cryptocurrency enthusiasts and regulators — and the world waits to see exactly what Facebook and its cadre of payments and commerce players design. There will be perceptual hurdles to clear, and regulators to convince. It’s a reason to work with regulators. “We

Payments 179

Payments cryptocurrency social media Regulation 179

PYMNTS

SEPTEMBER 17, 2020

In notes on its most recent (August) meeting of the bank’s Payments System Board, the members said that “at present there is not a strong public-policy case for issuance in Australia, given that the electronic payments system in Australia compares very favorably with those in many other countries and access to cash remains good.”.

Policies 181

Policies Boston Examples ATM 181