Perficient

NOVEMBER 27, 2023

In the dynamic environment of highly regulated industries like healthcare and financial services, leaders often balance competing goals to delight customers while cutting costs. An ideal solution combines top-performing analysts with innovative AI. KNOW which gaps have the greatest impact, and the right course of action to close them.

Industry 221

Industry Regulation Compliance Data 221

PYMNTS

OCTOBER 8, 2020

As cloud technologies emerge to help financial institutions (FIs) drive digital innovation, Finastra has introduced its Fusion Payments To Go offering for small and medium-sized banks. In addition, Monese adopted Thought Machine’s cloud banking platform. Fusion Reveals Payments Platform Banks. Europe and South Africa.

Innovation 301

Innovation Technology Fintech Payments 301

PYMNTS

DECEMBER 6, 2020

Britain's highly anticipated report outlining new rules to govern Big Tech will call for establishing specific rules for certain sectors of the digital economy and major players within them, the Financial Times (FT) reported. Effective regulation] means not being afraid to try using new tools and approaches,” he said.

Regulation 170

Regulation Marketing Fintech Report 170

PYMNTS

DECEMBER 20, 2020

Alibaba billionaire Jack Ma told Chinese regulators in November that he would give portions of Ant Group , the FinTech he founded, to the country's government in what so far has appeared to be an unsuccessful effort to make peace with authorities in the country, The Wall Street Journal (WSJ) reported.

Groups 278

Groups Report Regulation Meeting 278

PYMNTS

NOVEMBER 26, 2019

In recent years, the market has gone from one struggling with high financial illiteracy and limited card acceptance, to a bright spot in Europe for FinTech innovation. Regulation is perhaps the strongest driver of Lithuania’s FinTech-friendly environment. But financial regulatory compliance can be a headache for any market.

Compliance 182

Compliance Regulation Fintech Resources 182

PYMNTS

JANUARY 18, 2018

Regulation has undoubtedly acted as a catalyst to major financial services trends in areas like small business (SMB) lending, faster payments and, most recently, open banking and collaboration with FinTechs. According to the results, banks argue that innovation, not just regulation, is behind the wheel of progress. Optimism Up.

Regulation 156

Regulation Innovation Fintech Marketing 156

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. With a nod specifically to Libra, the report noted that the digital offering could be embraced by Facebook users en masse. In a paper that debuted Tuesday (Nov.

Regulation 231

Regulation Bitcoin Cleveland Study 231

Abrigo

FEBRUARY 27, 2020

Key Takeaways FinCEN hires Digital Innovation Officer to prove commitment to innovation in BSA/AML. Abrigo embraces innovation with the introduction of artificial intelligence scenarios. Our Transparent AI is easy to explain to regulators. . Abrigo Embraces Innovation with Machine Learning Scenarios. learn more.

Innovation 195

Innovation Software United States Compliance 195

Bank Innovation

DECEMBER 7, 2017

Dubai Financial Services Authority (DFSA) has signed two new agreements with Hong Kong’s regulators to collaborate on fintech innovation. Ian Johnston, chief executive of the DFSA, […].

Innovation 225

Innovation Fintech Regulation Report 225

PYMNTS

NOVEMBER 16, 2020

A Citibank senior analyst predicted that bitcoin could reach $318,000 by December 2021 in a report written for Citibank’s institutional clients, according to CoinDesk. Thomas Fitzpatrick’s report was leaked on Twitter Friday (Nov. All we know is that price is likely to continue going up.”. Meanwhile, Binance on Monday (Nov.

Bitcoin 296

Bitcoin Regulation Innovation Security 296

PYMNTS

OCTOBER 12, 2020

No matter how innovative they are, companies still need to get paid. And not many companies this year have combined business model creativity with payments innovation more than Beautycounter. While all the innovations and the business awards are nice to have, Renfrew is most proud of her work as a beauty industry activist.

Innovation 270

Innovation New York City Denver Retail 270

PYMNTS

JULY 31, 2020

China’s State Council’s Anti-Monopoly Commission is considering investigating Alipay and WeChat Pay , two of the county’s biggest online payment and money transfer platforms, Reuters reported. Reuters reported. The mobile banking market reported 56.2 COVID-19 and its aftermath moved the country from cash to online payments.

Regulation 181

Regulation Groups Online Analysis 181

PYMNTS

MAY 27, 2020

The COVID-19 pandemic is accelerating the pace of digital innovation across the financial sector, and credit unions (CUs) are no exception. Many CUs are investing heavily in new digital technologies to help serve their members during the COVID-19 pandemic, but not all innovations are successful.

ATM 243

ATM Innovation Meeting United States 243

PYMNTS

NOVEMBER 3, 2020

As China's Ant Group readies for its IPO — the biggest ever — founder Jack Ma wanted to clarify that the company is a tech firm, not a bank, Reuters reports. Reuters writes that while Ant presents itself as a tech company, financial regulators have suggested it's under their umbrella. The classification is important for investors.

Groups 196

Groups Regulation Report Security 196

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

Bank Innovation

SEPTEMBER 20, 2017

Mexican President Enrique Peña Nieto is presenting a legislation that proposes to regulate cryptocurrency to the Mexican Senate today, according to reports. The […].

cryptocurrency 220

cryptocurrency Regulation Report Bitcoin 220

PYMNTS

FEBRUARY 16, 2017

Singapore is changing its rules on venture capital in an effort to support economic growth, reports said this week. The agency did note, however, that it will deal with “errant VC managers” on a case-by-case basis and continue to retain its powers to regulate venture capitalists.

Regulation 183

Regulation Capital Fintech Innovation 183

PYMNTS

DECEMBER 10, 2018

The statement gave a nod to “private sector innovation” that can use tech to detect and report financial crimes such as money laundering and terrorist financing. The threshold for suspicious activity reports may get a boost to $10,000 from $5,000.

Regulation 172

Regulation Fintech FDIC National 172

Bank Innovation

MAY 16, 2017

Last year, regulators in New York decided to take cybersecurity matters for financial institutions into their own hands, releasing a set of rules (which went into effect in March), requiring banks and other FIs to establish a stricter cybersecurity program.

Regulation 325

Regulation New York Data Report 325

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

DECEMBER 11, 2019

The United Kingdom’s regulator on competition and antitrust concerns has signaled that eCommerce giant Amazon’s stake in food delivery service Deliveroo may need additional examination. Reports came from CNBC Wednesday (Dec. Reports came from CNBC Wednesday (Dec. As reported, Amazon, which is based in the U.S.,

Regulation 131

Regulation Innovation Operations Report 131

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. Afterpay has a market capitalization of around $10 billion. A majority of its revenue comes from merchant fees, which comprise around 3 to 6 percent of transactions.

Regulation 141

Regulation Google Policies System 141

PYMNTS

MAY 29, 2017

but experts are beginning to question how it will impact regulation. Reports in Reuters on Friday (May 26) explored how industry players are examining the future of financial regulation as FinTech continues its disruption. Only weeks after the OCC issued that manual, reports emerged that a lawsuit was filed against the office.

Regulation 133

Regulation Fintech Conference Innovation 133

PYMNTS

SEPTEMBER 20, 2019

Google CEO Sundar Pichai said politicians should take a measured approach when thinking about regulating artificial intelligence (AI), and that many of the rules already in place would work for legislating the new technology. Pichai said he wants to have a “partnership between government and businesses.”.

Google 122

Google Regulation Training Innovation 122

PYMNTS

JANUARY 14, 2021

Bitcoin is about to get even more scrutiny by regulators, on a global stage. As reported by Reuters this week, Lagarde said at a conference sponsored by the newswire that bitcoin should be regulated — worldwide. She went on to say that “there has to be regulation. She pointed to the crypto’s use in criminal activity.

Bitcoin 152

Bitcoin Regulation Tools cryptocurrency 152

PYMNTS

JANUARY 28, 2021

It will likely alter global markets and regulations as the financial ecosystem becomes more digitized. PSCU reported that the hike in mobile wallet credit purchases among its CUs’ members was nearly 48 percent by August 2020, while mobile wallet debit purchases climbed 22 percent during the same period.

Innovation 187

Innovation Millennials Payments Mobile 187

PYMNTS

JUNE 23, 2019

BIS said that the social media firm’s recent announcement that it aims to roll out its Libra digital currency and grow into payments has focused the minds of central bankers as well as regulators, Reuters reported. As it stands, the BIS published a big tech in finance chapter in its annual report on Sunday.

Regulation 140

Regulation social media Report Innovation 140

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.

Innovation 174

Innovation Retail Maine Security 174

CFPB Monitor

MARCH 1, 2023

On February 24, 2023, the California Department of Financial Protection and Innovation (“DFPI”) released a Notice containing modifications to previously proposed regulations addressing the Consumer Financial Protection Law (“CFPL”).

California 78

California Regulation Innovation Management 78

PYMNTS

AUGUST 12, 2019

A new report has estimated that losses related to cryptocurrency thefts, scams and fraud could reach $4.3 The research also showed major shortcomings in certain crypto regulations, with cross-border bitcoin payments from U.S. The company added that this finding is significant since it’s been reported that $8.7

Report 153

Report cryptocurrency Fraud Bitcoin 153

PYMNTS

DECEMBER 8, 2020

Nonetheless, Many FIs are looking to simplify and secure their onboarding procedures while also enabling customers to stay safe during the pandemic, leading them to seek out innovative technologies to do so. Brazil-based facial recognition and identification technologies provider Acesso Digital recently reported that more than 5.2

Video 211

Video Report Meeting United States 211

PYMNTS

AUGUST 2, 2019

Regulators’ influence over non-banks is limited, and banks are left to vet their own vendors. Bank regulations hadn’t “sufficiently modernized to accommodate cloud and other innovative technologies,” according to a U.S. Treasury report last year, the WSJ said.

Regulation 144

Regulation Virginia Google Capital 144

PYMNTS

AUGUST 7, 2018

Regulators from the U.K., According to a report in Financial Times , citing the U.K. The Global Financial Innovation Network will be made up of 11 other regulators, including the U.S. According to the latest Innovation Readiness Playbook , sandbox tests are a favorite tool of top innovators.

Regulation 100

Regulation Fintech Policies Innovation 100

PYMNTS

JUNE 24, 2019

The FATF has also said crypto companies and exchanges will be registered and will be required to report suspicious transactions, and to perform checks on customers. And, as reported by Reuters, at least one cryptocurrency, Monero, has been able to hide all details of a transaction. Beyond Cryptocurrencies.

Regulation 129

Regulation social media cryptocurrency United States 129

Bank Innovation

APRIL 4, 2018

South African Reserve Bank (SARB), the country’s central bank, is laying the framework for regulating cryptocurrency by establishing a special unit to monitor developments in the space. The unit’s first task, according to a Finextra report, is to set up a proof of concept (PoC) for DLT-based interbank clearing and settlement.

cryptocurrency 186

cryptocurrency Regulation Report Bitcoin 186

PYMNTS

NOVEMBER 10, 2020

The announcement did not specify the regulations, but it did note that the approach will ensure that the CBDC meets “the same minimum standards we expect of other payment methods.”. Meanwhile, Lebanon Governor Riad Salameh announced that the country will be introducing a CBDC next year, to “restore confidence,” reported Bloomberg.

cryptocurrency 167

cryptocurrency Regulation Bitcoin Colorado 167

PYMNTS

MARCH 9, 2018

While the European Banking Authority has created a “roadmap” on how to regulate emerging FinTech services, the body is not keen on creating a unified approach to cryptocurrency regulation — at least not yet, Reuters reported.

Regulation 133

Regulation Fintech cryptocurrency Bitcoin 133