Remove Innovation Remove Regulation Remove social media Remove United States
article thumbnail

Big Tech Faces Regulation Reckoning As 2021 Dawns

PYMNTS

If 2020 was the year of streaming media, of content done a million different ways, of apps and Apple, and Google’s and Amazon’s algorithms … it was also the year of Big Tech regulation, where 2020 set the stage for a 2021 that could be seismic in changing the way companies — from Facebook to Apple to debt collectors — interact with consumers.

article thumbnail

RILA On How United States Retailers Are Responding To Changing Privacy Rules

PYMNTS

The critical question, then, is not whether retailers can comply with these rules, but how they will do so while remaining competitive, Nicholas Ahrens, vice president of innovation at U.S. Retailers also typically have more personal relationships with consumers as they deal more directly with them than regulators.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Crypto Regulation To Tighten Scrutiny On Money Laundering

PYMNTS

Amid the announcement of a new cryptocurrency – that would be Libra – the Financial Action Task Force (FATF), which operates as global regulatory firm based in Paris with a membership roster of countries such as China and the United States, has said it will boost its examination of digital currencies with an eye on money laundering.

article thumbnail

Let’s Talk About European Attitudes Toward US Tech Firms

PYMNTS

It’s beginning to feel like two kids talking smack in a high school hallway — except, in this case, billions of dollars are involved, along with issues of privacy and innovation. technological might when it comes to social media, eCommerce and the digital world. Don’t worry, though — the Americans can give as good as they get.

article thumbnail

Regulatory Tracker: Sandboxes Gain, While Cryptos Wane

PYMNTS

Here in the United States, tax season looms, of course, which may put additional pressure on cryptos. The secretary of the Commonwealth in Massachusetts has put the brakes on five initial coin offerings in that state. Although the firms had advertised across social media, none of them had registered to offer or sell securities.

article thumbnail

The true cost of fraud

Abrigo

Social media scams account for the highest losses and are higher than any other fraud typology , at a reported half-billion total loss. As overseers tighten the leash with stringent regulations aimed at protecting consumers, the cost of compliance grows. The FTC further addresses the highest losses by type of fraud scheme.

Fraud 195
article thumbnail

Banking on a Winner: Fostering innovation to compete in today’s financial environment

ZootBlog

In today’s environment, as banks manage increased regulation and competition from industry outsiders, they must operate in the same fashion. Keeping a bank in top shape means fostering innovation. An employee doesn’t need to be able to ride a Segway to address innovation. Fintech Houses. Alternative Lenders.