PYMNTS

SEPTEMBER 30, 2020

In today’s top news in digital-first banking, global card issuing platform Marqeta debuted its Tokenization-as-a-Service (TaaS) offering, while the Bank of New York Mellon (BNY Mellon) has named a new executive for global market infrastructure. BNY Mellon Names Robin Vince To Lead Global Market Infrastructure.

Marketing 130

Marketing New York Cards Conference 130

PYMNTS

JULY 12, 2018

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. A bill signed by Governor Andrew M.

Online 100

Online New York Lending Regulation 100

PYMNTS

DECEMBER 13, 2018

CUs are also actively communicating with law enforcement agencies, keeping regulators informed about suspicious activity, while receiving tips on noticeable trends that these same agencies are eyeing. Recently, though, many CUs have turned to technology-driven solutions to help members more efficiently communicate their needs and feedback.

Regulation 135

Regulation South Dakota ATM New York City 135

PYMNTS

JANUARY 30, 2019

The New York Department of Financial Services (DFS) announced it has fined Standard Chartered $40 million for attempting to rig transactions in foreign exchange (FX) markets between 2007 and 2013. The DFS’ investigation discovered that traders used emails, phone calls and personal meetings to try to rig transactions.

New York 128

New York Compliance Risk Management Meeting 128

PYMNTS

JULY 17, 2018

In one case at the state level (and it’s New York, so movement there carries much weight within the financial arena), Bloomberg reported that NY’s financial regulator is challenging what the newswire terms a “fundamental principle” on bank and FinTech relationships that brings interest rate caps into that regulator’s crosshairs.

Fintech 100

Fintech Regulation New York Management 100

Bobsguide

JUNE 25, 2022

New York, 23 June 2022: TS Imagine , a global leader in trading, portfolio and risk management solutions for capital markets, has successfully connected with Coinbase Prime, the prime broker for digital assets, to offer institutional clients a fully regulated path to trade cryptocurrencies. About TS Imagine.

cryptocurrency 88

cryptocurrency New York Regulation Risk Management 88

Abrigo

OCTOBER 23, 2014

But how can this growth be managed appropriately? CEIS Review , a New York-based bank consulting firm, highlights the shift in a recent article. Community banks certainly want to remain conservative with risks and follow regulations. According to Sageworks’ Tim McPeak, there are three keys to effective loan review.

Risk Management 186

Risk Management Management Lending Resources 186

PYMNTS

SEPTEMBER 4, 2020

Since January, the European Central Bank (ECB), which oversees the biggest European Union lenders, has eased regulations to encourage mergers and reduced the capital requirements for such transactions, the news service reported. The reason is not hard to understand. and Asian rivals.

New York 188

New York Regulation Customer Experience Report 188

PYMNTS

NOVEMBER 7, 2019

Hong Kong’s chief securities regulator is calling on the world regulators to get on the same page when it comes to Facebook’s Libra to avoid the “real risk of regulatory arbitrage.”. “If He added that even if Libra never comes to fruition, it has already put a spotlight on the crypto market. “In

blockchain 102

blockchain Bitcoin Regulation New York 102

CFPB Monitor

NOVEMBER 10, 2020

In July 2020, the Federal Financial Institutions Examination Council issued a “ Joint Statement on Managing the LIBOR Transition.” The Committee is a group of private-market participants convened to ensure a successful transition from LIBOR.).

Regulation 78

Regulation FDIC New York Lending 78

PYMNTS

JULY 15, 2020

said Revolut is its first customer for its new product, the Paxos Crypto Brokerage. According to New York-based Paxos, the API-based solution is designed to enable companies to “integrate cryptocurrency buying, selling, holding and sending capabilities into their own applications.”. Revolut made its U.S.

US 233

US cryptocurrency FDIC Compliance 233

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. They help manage and shape strategy in volatile economic and industry conditions. Regulators review them to assess safety and soundness.

Report 195

Report Risk Management Capital Data 195

PYMNTS

JANUARY 22, 2021

And as Ingo Money CEO Drew Edwards said in a recent conversation with PYMNTS' Karen Webster, it opened up a whole new world of tangled regulations as 50 different jurisdictions will attempt to put together rules to prevent online gambling sites from becoming havens for people looking to launder money. There have been advances.

Online 181

Online Tennessee Regulation Michigan 181

PYMNTS

NOVEMBER 22, 2019

Richard Ashton, deputy general counsel for litigation, enforcement and system matters, said at a conference in New York that the Federal Reserve is considering an audit of tech firms’ compliance policies and governance structures. Can we look at their overall compliance management program?”. 21), citing a senior official.

Security 116

Security Policies Conference Compliance 116

PYMNTS

AUGUST 16, 2019

Axos Bank parent company Axos Financial has rolled out out commercial banking operations across new markets in the U.S., The bank is targeting the middle-market and niche clientele, it noted. Axos Bank is also focusing on the small and medium-sized business (SMB) market. The bank announced Thursday (Aug.

Los Angeles 101

Los Angeles New York FDIC Lending 101

PYMNTS

JANUARY 22, 2021

In the Land Down Under, the ripple effects of the clash between regulators and a giant in online search (that would be Google , of course) may be such that consumers are left searching for search. According to Statista , Google has almost 90 percent market share in Australia.

Google 188

Google Texas New York California 188

PYMNTS

MARCH 28, 2018

Williams, the president of the Federal Reserve Bank of San Francisco, is reportedly being tapped to replace the retiring president of the New York Fed, but at least one watchdog has problem with that. It doesn’t help that the New York Fed branch is massive, accounting for around $2.5 The San Francisco Fed had only $568.7

San Francisco 115

San Francisco Los Angeles New York Risk Management 115

PYMNTS

AUGUST 18, 2017

Chinese regulators say they have made progress in efforts to curb the nation’s shadow banking sector, according to reports in the New York Times o n Friday (Aug. It has also increased its crackdown on risky lending practices as bad corporate debt in China rises to new levels.

Regulation 100

Regulation Policies New York Lending 100

PYMNTS

MARCH 15, 2020

The New York Department of Financial Services ( NYDFS ) sent a letter to the approximate 18 cryptocurrency firms it regulates saying they have 30 days to submit a contingency plan in the face of the coronavirus epidemic. We have a standing Crisis Management Team continually reviewing new information as it comes in.

cryptocurrency 150

cryptocurrency Bitcoin New York Regulation 150

PYMNTS

JANUARY 24, 2019

More approvals are coming in China for global banks looking for majority ownership in their local securities ventures, according to a top Chinese regulator. The regulator, for their part, can get a company “very swift” approval. It also handles China’s capital markets, an area where China wants more non-Chinese participation.

New York 156

New York Video Regulation Security 156

PYMNTS

JULY 15, 2020

While he and his friends were attending their final semester at the Yale School of Management , they had a plan. The product and marketing plan were locked early in the year. The regulations surrounding alcohol sales are complicated and strict. Mitchell will be part of the Onda marketing effort, but not a dominant presence.

Los Angeles 204

Los Angeles New York social media Retail 204

PYMNTS

NOVEMBER 30, 2020

30) and would value the New York-headquartered startup at more than $1 billion, the sources said. Some fear that innovation could suffer if regulators come down on mergers and acquisitions. The deal could close by the end of the day on Monday (Nov. Shopify teamed up with Kustomer in July to advance more efficient operations.

New York 140

New York Software Capital Regulation 140

PYMNTS

OCTOBER 2, 2018

The manipulation of cryptocurrencies is getting attention from regulators who have been warning that these digital tokens, and the exchanges they are traded on, could be vulnerable to price manipulation. The Wall Street Journal , citing the New York Attorney General Barbara D.

cryptocurrency 180

cryptocurrency New York Groups Capital 180

PYMNTS

MARCH 1, 2018

hasn’t had such regulatory pressure, signs that banks are opening up their data to third-party FinTechs are beginning to emerge, a trend partially attributed to competitive market pressures — and similar signs are popping up in Canada too. The authorities should consider the Competition and Markets Authority-type approach as in the U.K.

Marketing 100

Marketing Data New York Trends 100

PYMNTS

JANUARY 22, 2020

Below, PYMNTS examines the latest in commercial card innovation, regulation and disruption. Sabre Vice President of Product Management Becky French discussed this strategy with PYMNTS in a recent Masterclass video , noting that this collaboration has already yielded stronger cash flow and financial management practices for joint clients.

Cards 131

Cards New York Lending Strategy 131

PYMNTS

APRIL 26, 2018

Two unnamed sources told the publication that the nation’s financial regulator, the China Banking and Insurance Regulatory Commission (CBIRC), have deployed teams from local branches to commercial banks. We have to focus,” he told The New York Times last year. “If If not, the real economy will suffer.”.

Lending 122

Lending New York Regulation Report 122

PYMNTS

JANUARY 7, 2020

China’s Guangdong province has launched a blockchain financing platform for small and medium-sized businesses, backed by OneConnect , a Chinese FinTech recently listed on the New York Stock Exchange, according to a press release. . ” TaxBit will use the funding to speed up customer growth, and make its products better.

Bitcoin 132

Bitcoin blockchain Taxes Austin 132

PYMNTS

DECEMBER 26, 2018

The market had unrealistic expectations that Goldman or any of its peers could suddenly start a Bitcoin trading business,” said Daniel H. That was top-of-the-market-hype thinking.”. Last month, the head of its digital asset business, Justin Schmidt, complained that regulators were limiting what the company can do.

Bitcoin 160

Bitcoin New York cryptocurrency Marketing 160

Abrigo

OCTOBER 29, 2014

Multifamily, commercial and automotive loans are driving loan growth among banks in the Northeast, but increasing risk will draw fresh attention from regulators to ensure recent and future growth is sound, the Office of the Comptroller of the Currency said recently. • Liquidity risk management and adequacy of contingency funding plans.

Rhode Island 236

Rhode Island District of Columbia West Virginia New Jersey 236

Insights on Business

APRIL 2, 2019

The costs of running payments operations, complying with a myriad of regulations and enforcing payments standards are increasing. Exposure to operational risks, data breaches and fraud losses can rise as a consequence of adopting new payment types and channels.

Payments 125

Payments New York City Fraud New York 125

PYMNTS

JUNE 6, 2019

Waste is becoming ever more of a vice, especially among younger consumers, and now regulators. And that seems likely to create new opportunities for certain types of online merchants. News this week (June 5) from France supports those points. Now, regulators are getting into the game, as the news from France shows.

Retail 146

Retail New York Online Trends 146

PYMNTS

JANUARY 24, 2019

World leaders from countries including Japan, South Africa, China, and Germany said there should be global oversight of the technology industry, underscoring the interest internationally to regulate tech, which is an area where the U.S. She argued international oversight of how data is used is necessary.

New York 122

New York Meeting National Data 122

PYMNTS

DECEMBER 12, 2017

“New loans exceeded expectations due to strong corporate financing demand, with medium- and long-term corporate and household loans expanding sharply,” said Ciatong Fund Management Analyst Zheng Lianghai in an interview with Reuters. They have begun to address the micro-loan sector to address rising household debt levels.

Lending 100

Lending New York Regulation Survey 100

PYMNTS

FEBRUARY 5, 2020

Privacy and monetary policy issues are causing regulators to tread carefully in launching electronic currencies. Areas in California and New York are expected to be affected the most by the ban. US Economy Could Lose $10B To Chinese Travel Ban. The travel ban triggered by the coronavirus outbreak in China could cost the U.S.

San Francisco 130

San Francisco US Charlotte Payments 130

Bank Innovation

MAY 11, 2017

I sat down with the marketing team at Anthemis to discuss the opportunities and geopolitical challenges of open finance. In a way, PSD2 is a new, particularly European, kind of trade tariff. In many ways it’s the most avant garde financial regulation of our time whilst also extending a long middle finger to our American cousins.

Regulation 252

Regulation Regional Apple America 252

PYMNTS

NOVEMBER 7, 2018

According to The Wall Street Journal , Investors, which has about 150 branches in New Jersey and New York, has hired Keefe, Bruyette & Woods to advise on the potential sale. The lender had a market value of about $3.3 billion as of Tuesday (Nov. Investors paid customers a 1.39 percent stake in the bank.

New Jersey 108

New Jersey Comparison New York Lending 108

PYMNTS

NOVEMBER 6, 2019

“A company’s biggest fear is that once they establish a commerce-type relationship, they can’t maintain the end-user, and they leave the ecosystem because they now have a direct relationship with the seller,” Matt Loos, a managing director in JPMorgan’s global payment strategy and product group, told the news outlet. .

New York 103

New York Payments Fintech Report 103