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

JULY 29, 2019

Ripple CEO Brad Garlinghouse and its Executive Chairman Chris Larsen penned an open letter to Congress regarding the regulations of cryptocurrencies. The Ripple founders then urged Congress to support regulation of crypto, in a way that doesn’t harm companies’ abilities to make the most out of the technology and continue to innovate.

cryptocurrency 182

cryptocurrency Regulation Taxes Policies 182

Jeff For Banks

JULY 8, 2018

Rather than searching reputable sources for how this bank or that bank innovates, I thought I would give it to you straight from the gut. Because experience tells me that bankers are struggling with innovation. At its core, innovation should solve problems. Make innovation a bank wide call to arms. What's a banker to do?

Innovation 60

Innovation Resources Taxes Leadership 60

PYMNTS

SEPTEMBER 20, 2020

If the European Union (EU) gets its way, the 27-nation bloc will have the power to split or force the sale of giant technology companies that threaten smaller rivals and their customers. Breton said regulators in Brussels are preparing a list of activities that tech companies would be required to eliminate.

Compliance 175

Compliance Regulation System Taxes 175

PYMNTS

JULY 26, 2020

“Our charter application incorporates truly novel ideas that have received detailed scrutiny from multiple regulators,” Caitlin Long , CEO and founder of Avanti, said in the release. The new banking options are largely built around blockchain technologies. Avanti made its Wyoming intentions clear in February. ”

Wyoming 153

Wyoming cryptocurrency Regulation blockchain 153

PYMNTS

SEPTEMBER 16, 2020

PSD2 and open banking regulations were forged to accelerate competition in the financial services arena, and this week, a look at the latest initiatives reveals the opportunity for new market entrants to rival incumbents in the small business banking arena. Payoneer Debuts Program For Banks. Banking and accounting for U.K.

Taxes 141

Taxes Fintech Payments Security 141

PYMNTS

AUGUST 3, 2018

For much of the world, electronic invoicing is taking off — not only for the benefits it offers, like enhanced cash flow visibility, but largely because jurisdictions are implementing eInvoicing regulatory requirements to crack down on tax evasion. Europe and Australia, too, have eInvoicing mandates in place. While the U.S.

Regulation 101

Regulation Data America Payments 101

PYMNTS

MARCH 26, 2018

The rise of RegTech is not by chance: There is an undeniable link between regulatory changes and technological innovation, and that link has a profound impact on FinTech and the financial services market. Europe is an epicenter for both regulatory shifts and FinTech innovation. Tax fraud is a massive threat of corporates.

Taxes 102

Taxes Fraud Compliance Regulation 102

PYMNTS

MARCH 14, 2019

Both corporates and banks have said Know Your Customer ( KYC ) regulations are their most pressing compliance concerns, with nearly three-quarters of businesses with more than $1 billion in revenues pointing to KYC as their top challenge. ” and an overall rise in complexity of current regulations. ” Technological Troubles.

Fraud 115

Fraud Survey Taxes Regulation 115

PYMNTS

APRIL 18, 2019

A new technology protocol announced by corporate accounting and auditing firm Ernst & Young (EY) aims to secure transactions made over public Ethereum blockchain. “Making public blockchains secure and scalable is a priority for EY,” said Paul Brody, EY global innovation leader, blockchain, in a statement.

blockchain 167

blockchain Security Tools Taxes 167

PYMNTS

MAY 29, 2018

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. technology giants. remains the No. remains the No.

social media 100

social media US Regulation United States 100

PYMNTS

JANUARY 4, 2019

A New York State politician announced the creation of what he called the nation’s first cryptocurrency task force, to “study how to properly regulate, define and use” the currency, according to a Facebook post and reports.

cryptocurrency 163

cryptocurrency New York New York City Study 163

PYMNTS

JANUARY 11, 2021

Although blockchain technology and Bitcoin, its best-known inhabitant, have been around for 10 years, the world is just now entering a seismic transition from holding account-based assets to a system that uses token-based digital assets. Hamstringing American Innovation. s ability as a country to effectively innovate.

blockchain 193

blockchain Bitcoin Regulation System 193

PYMNTS

JANUARY 16, 2019

The CBA said it will look to include smaller and mid-sized banks on the platform, with eventual additions of tax agencies and customs activities to the platform. Separately, the South Korean government has been eyeing tax breaks for blockchain in a move that looks to bring innovation to the region.

blockchain 206

blockchain Taxes Security Survey 206

PYMNTS

JANUARY 24, 2020

Government disbursements can range from child support payments and annual tax returns to pension and retirement fund payouts. Payment Challenges Stall Government Innovations . State and local government disbursements are no exception to these expectations, since many consider them to be crucial parts of their incomes.

Payments 130

Payments US Fraud Innovation 130

Abrigo

JUNE 10, 2020

The regulators don’t care what your budget is,” Luttrell says. But inadequate staffing appears in regulatory consent orders more often than many people would expect, and regulators are not sympathetic when it comes to violations as a result of underemployment in compliance. BSA Rules and Regulation. BSA Rules and Regulation.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

JANUARY 12, 2021

That flexibility is especially useful in B2B transactions where entering new markets means that suppliers and buyers may transact across borders and across currencies, where everything from compliance to tax collection issues must be considered. Technology brings the concept of flexible payments into reality.

Payments 260

Payments Compliance Technology Taxes 260

PYMNTS

MARCH 14, 2018

“The same innovations that power crypto-assets can also help us regulate them,” said Christine Lagarde in an IMF blog post Tuesday, according to CoinDesk reports. Blockchain, on the other hand, has a potential to facilitate data exchange between regulators and relevant parties to combat this threat. In the U.S.,

blockchain 129

blockchain cryptocurrency Regulation Taxes 129

Bank Innovation

MAY 11, 2017

every year in the form of digital and technological consumer goods and services, 2) huge amounts of European citizens’ data now sits on U.S. every year in the form of digital and technological consumer goods and services, 2) huge amounts of European citizens’ data now sits on U.S. So is PSD2 about payments or a U.S. — E.U.

Regulation 252

Regulation Regional Apple America 252

PYMNTS

OCTOBER 18, 2019

dollar-backed digital currencies for the payment of government taxes, fees and services. Technology is the future. If you look at five of the six largest companies in the world today, they are technology companies,” said Premier David Burt. “We In other news, Bermuda will now accept one-to-one U.S.

blockchain 101

blockchain Samsung Bitcoin Innovation 101

PYMNTS

JANUARY 7, 2020

The financial center operates with its own legal, regulatory and tax infrastructure and traces its roots back to 2005. As reported by the Gulf Times , the Qatar Central Bank adopted new regulations in December that focus on combating money laundering and terrorist financing.

cryptocurrency 132

cryptocurrency Bitcoin blockchain Course 132

PYMNTS

AUGUST 2, 2019

The technology could also be used to verify that any returned drives have undergone a “certified erase” process to remove any user data. In other news, Brazil’s Tax Authority has announced that transactions involving cryptocurrencies must now be reported to the Department of Federal Revenue ( RFB ).

blockchain 148

blockchain Fraud Data Report 148

PYMNTS

JANUARY 22, 2018

Expense management technology is now a saturated market, particularly for the small business space – which is notoriously difficult to serve, because they are too small for large, enterprise-grade solutions, but too large for consumer-specialized tools. ” What is clear, though, is that demand for T&E technologies is on the rise.

Management 116

Management Compliance Taxes Marketing 116

PYMNTS

FEBRUARY 21, 2018

According to reports, Kaliningrad governor Anton Alikhanov and VEB chairman Sergey Gorkov met with officials at the Russian Investment Forum to announce their collaboration using, according to Alikhanov, VEB’s “competence in the area of blockchain technology. In Spain, regulators are reportedly exploring how to support blockchain developers.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

OCTOBER 17, 2018

16) that it is collaborating with technology and finance partners to develop a supply chain management platform for the cannabis market, with plans to first deploy the solution in Canada before global expansion. The company announced via press release on Tuesday (Oct. billion with 13 million recreational users.

blockchain 156

blockchain Compliance Management Bitcoin 156

Independent Banker

MARCH 31, 2022

We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. Lucas White: We need to continue to differentiate community banks and educate policymakers on why tiered and proportionate regulation is necessary. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

DECEMBER 28, 2018

It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). Financial services regulations are notorious for their complexity and ever-changing demands for financial institutions and corporates, but another fuel for development in the KYC space was the FinTech community.

Compliance 186

Compliance Regulation blockchain Taxes 186

PYMNTS

DECEMBER 12, 2019

The market’s early-stage growing pains, she said, reflect the unique struggles of a market driven by competition, not regulation. “My is behind, and not because of technology constraints,” Killam said. “If regulation is both a help and a hinderance. Competition, Not Regulation. My personal viewpoint is the U.S.

Payments 181

Payments Regulation Marketing National 181

PYMNTS

OCTOBER 18, 2019

The document explained that one benefit to launching its own crypto would be the ability of collecting more information on its citizens, which could then be shared with police or tax authorities. “We

cryptocurrency 102

cryptocurrency Taxes Compliance Regulation 102

CFPB Monitor

OCTOBER 16, 2014

Klein The CFPB published for comment in today’s Federal Register a proposed policy on issuing “no-action” letters for innovative financial products or services. The proposal is part of Project Catalyst, the CFPB’s initiative for facilitating innovation in consumer-friendly financial products and services.

Policies 95

Policies Innovation Examples Data 95

PYMNTS

JANUARY 12, 2021

That flexibility is especially useful in B2B transactions where entering new markets means that suppliers and buyers may transact across borders and across currencies, where everything from compliance to tax collection issues must be considered. Technology brings the concept of flexible payments into reality.

Payments 153

Payments Compliance Technology Taxes 153

PYMNTS

SEPTEMBER 20, 2018

European regulators this week continued to show their love, respect and admiration for U.S.-based Assuming that caught your attention, here’s the real story: It’s shaping up as a busy week for regulators in Europe (including Turkey, which for purposes of this article, qualifies as Europe). so they are punishing us,” Thiel said.

Google 124

Google social media Regulation Course 124

PYMNTS

JANUARY 22, 2020

As for the mechanics: An “account aggregator” system is being created by banks, and will be regulated and licensed by the central bank. The business of an account aggregator will be entirely information technology (IT)-driven,” notes the document, which also states that no other business can be conducted by the aggregator.

Data 141

Data Payments Regulation System 141

PYMNTS

JANUARY 4, 2019

Last year, we saw some early-stage startups in the country explore innovative and creative solutions, but if you look at the quantum of the funding, it was the big players that attracted most of it,” he said. Part of the problem is a law in India stating that about a third of the money raised from angel investors must be paid as tax.

Company 162

Company Taxes Innovation Capital 162

PYMNTS

NOVEMBER 14, 2019

Time report collection, data aggregation across different formats and departments, data consolidation for processing, tax withholdings and benefits calculation must all be done, approved, and processed for on-time payroll. Technological Innovation. Faster payment technologies make payroll “faster and cheaper,” she said.

Payments 127

Payments Compliance Taxes Technology 127

PYMNTS

JANUARY 22, 2020

As for the mechanics: An “account aggregator” system is being created by banks, and will be regulated and licensed by the central bank. The business of an account aggregator will be entirely information technology (IT)-driven,” notes the document, which also states that no other business can be conducted by the aggregator.

Data 132

Data Regulation System Taxes 132

PYMNTS

NOVEMBER 2, 2020

Here’s the latest news from Google and the technology industry, which is coming under increasing global scrutiny from regulatory watchdogs, consumers and organizations. Regulation. The Digital Markets Act is a second set of regulations. UN Committee Indicates Support For Initiative To Tax Big Tech In Developing Nations.

Taxes 212

Taxes National Regulation Google 212