PYMNTS

OCTOBER 16, 2019

The Competition and Markets Authority (CMA), the U.K.’s s competition regulator, said it has officially launched a probe into Amazon ’s investment into restaurant takeaway company Deliveroo. The company operates in 13 countries. In August, Deliveroo announced that it was going to end its operations in Germany.

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South State Correspondent

MAY 9, 2023

In the wake of regional bank failures, one potential answer to equity shorting and bank runs is having the FDIC increase deposit insurance. The regulators are considering three options: raising the limit above $250k, raising the cap for only certain accounts (such as banks’ business accounts), or eliminating the cap entirely.

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PYMNTS

OCTOBER 14, 2020

MercadoLibre , which operates platforms for buying and selling goods across Central and South America, is eyeing an investment in Brazil next year that would be even bigger than its $716 million investment this year, Bloomberg reported. However, it is not simply a technology or a regulation.

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United States America Regulation Regional 260

PYMNTS

APRIL 16, 2019

Walmart CEO Doug McMillon went on a two-day trip to Bangalore, India and said his company is committed to the Indian market, and that the country presents a huge opportunity, according to reports. McMillon was asked about the changes to India’s market, such as the regulations put in place on Feb.

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PYMNTS

JANUARY 30, 2020

But he noted branch conversions were delayed partly because of the agreement the firm reached with regulators and partly because the firm wanted to ensure it had a digital value proposition in place. Truist Chairman and Chief Executive Officer Kelly King said on a call with analysts on Thursday (Jan.

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PYMNTS

SEPTEMBER 28, 2020

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. Regulators in countries like Egypt have only recently rolled out their data protection rules.

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PYMNTS

JANUARY 6, 2020

The Central Bank of Jamaica (BOJ) has confirmed it will abide by the Principles for Financial Market Infrastructures (PFMIs). Regionally operated payment systems in Jamaica will consequently be regulated more closely. FMIs improperly regulated and governed could pose significant challenges to enhancing stability.

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PYMNTS

APRIL 30, 2020

The COVID-19 pandemic has caused an impact on open banking developments worldwide as regulators, financial institutions (FIs) and businesses set their sights on helping their current customers rather than future innovations. where regulators have been workshopping potential rules for several years. Seventy percent of U.S.

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PYMNTS

DECEMBER 11, 2019

So-called peer-to-peer (P2P) lending has certainly faced challenges in certain markets. Since launching its SME and P2P lending services — the latter involves investors found online who take part in the financing programs in hopes of healthy returns — the situation in the region has been, as Moore put it, challenging.

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PYMNTS

MARCH 14, 2019

Danske has a $230 billion scandal through its Estonian branch , and it’s retreating from the entire Baltic region, including Russia. Nordea is partially pulling out and Sweden’s banks might go as well, although Swedbank has said it’s not going anywhere and that it’s committed to the region. “It

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PYMNTS

JUNE 29, 2020

Small- to medium-sized businesses (SMBs) have been especially hard hit, as many have pivoted quickly to enable online transactions and adhere to the regulations that often accompany them. The health crisis has brought about changes to this rule, however, and these may have long-term implications for payment standards and regulations.

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Perficient

JANUARY 18, 2021

In fact, I’ve come up with 21 p redictions about 2021 – and this first set is focused on the broad market themes that will be felt by every player. . Insurance Market Sees Turbulence . Unlike the free-market approach of the last four years, the insurance market will be faced with more routine regulations. .

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PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems.

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PYMNTS

NOVEMBER 17, 2020

“Using FiDaaS, financial institutions can rapidly and dramatically expand the addressable market for their services while minimizing risk. Banks face new competitive pressures and commodification of transactional services, and they need to unlock new addressable markets and deliver new services.

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PYMNTS

OCTOBER 21, 2016

The fleet management market is estimated to grow from $9.54 According to MarketsandMarkets, the increasing need for operational efficiency is expected to be the primary driver for the fleet management market during the forecast period. When it comes to fleet management, the market is segmented into various industries.

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PYMNTS

JANUARY 18, 2017

Not only does it require a significant shift in the behavior of consumers but also a complete mindset change for banks, merchants and even regulators. KW: How do you get the consumers — who, in many of these markets, are very cash-centric — on board? Here is an excerpt of the conversation…. KP: It’s a chicken-and-egg situation.

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Marketing Regional Mobile Regulation 100

PYMNTS

AUGUST 25, 2016

Though small businesses have suffered from a gap in financing availability post-2008, the demographic continues to shape the financial markets. in particular, a cross-section of states that CEO Douglas Bystry says has its own unique demands and impacts on regional economies. A Regional Reach.

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PYMNTS

MAY 20, 2020

Making cross-border payments in the EU therefore requires interconnectivity between the regions’ various real-time payments rails. SCT Inst was developed in 2017 to establish operational guidelines by which all real-time payment rails in the EU are required to comply. Official guidelines and regulations can only go so far, however.

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PYMNTS

JULY 23, 2020

Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. the region. There were 441 FinTechs operating in Mexico in 2019, a 14 percent increase from 2018. Open Banking And Digital Readiness.

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PYMNTS

OCTOBER 7, 2020

The challenge of keeping a payments platform and the associated processes in line with these market innovations, the latest regulations and the evolving standards and rulebooks are significant. Originally a protocol for the German market, it has now been adopted by other countries, including France, Austria and Switzerland.”.

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Payments System Operations Training 229

PYMNTS

JUNE 3, 2020

Imagine if a North American company had the market share of Amazon, the payment flexibility of PayPal and the credit portfolio of Visa. In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. It now operates in 18 countries in Latin America.

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America Regional Fraud Mobile 248

PYMNTS

DECEMBER 29, 2019

Regulators approved the $3.1 billion deal after Uber guaranteed it would abide by a series of commitments designed to sustain competition in the regional market, Reuters reported Sunday (Dec. Careem will be a wholly-owned subsidiary of Uber yet operate independently with regards to branding and management. “We

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Regional Compliance Regulation Marketing 130

PYMNTS

JUNE 15, 2020

Supply chain disruptions and economic volatility have elevated risk exposure for many enterprises, but for small- to medium-sized businesses (SMBs) operating globally, that risk of exposure can be catastrophic. Indeed, for some SMBs, it already has, with economists anticipating a wave of bankruptcies and permanent SMB closures ahead.

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Regional Operations Fintech Tools 245

PYMNTS

JANUARY 7, 2021

China’s Ant Group is mulling the creation of a new consumer loan unit that would allow it to continue making loans throughout the country while complying with new Chinese banking regulations. Ant Group had planned to go public for $35 billion, which would have made it the largest IPO in market history. China TransInfo Technology Corp.

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Groups Regulation Lending Operations 141

PYMNTS

DECEMBER 16, 2019

Peer-to-peer (P2P) lending platforms have shuttered in China’s Hebei province as regulators aim to get rid of deception and inefficiency in the sector, South China Morning Post (SCMP) reported on Friday (Dec. Some 93 companies have already left the market. Investments totaling over ¥214 billion ($30.7 billion) were jeopardized.

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Leadership Regulation Regional Lending 131

PYMNTS

MAY 31, 2020

Uber has been approved by the National Economic Prosecutor’s Office (FNE), Chile’s antitrust regulator, to acquire the Chilean grocery shopping app Cornershop, according to an FNE statement. Although Chile has now granted permission, Mexico regulators still have not.

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Online Regulation Retail Regional 163

PYMNTS

SEPTEMBER 3, 2019

It’s another thing to walk the walk, especially when it comes to giving sellers the chance to gain new revenue via online marketplaces and new markets. Tsang told Webster that the firm had opened up shop in Vietnam, putting feet on the street in this emerging market for cross-border commerce. Other Markets.

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Marketing Mobile Payments Online 116

FICO

MARCH 7, 2023

Home Blog FICO Responsible AI: Are European Firms Ready for the Regulators? There are significant changes coming in Europe, which highlight getting a handle on responsible AI use, with the banking and financial services sector among those that will be most impacted by increasing regulation.

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Regulation America Compliance Fraud 52

PYMNTS

NOVEMBER 12, 2020

Morgan , the successful treasury transformation in the Asia Pacific region hinges on digitization — and not simply electronification. Corporates must look at the entire set of processes that govern operations, whether with their own clients or suppliers and with banking partners in the middle, he said.

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South State Correspondent

APRIL 19, 2023

Focusing on uninsured deposit performance is a hot topic among investors, analysts, and regulators. In this article, we will look at deposit performance data related to high balances and show how banks can dramatically increase value by restructuring relationship-based products and better-allocating marketing/sales dollars more efficiently.

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PYMNTS

JANUARY 30, 2019

The global economy offers a wide range of opportunities for businesses to expand their reach, and promote their brands to new markets. What’s more, companies must also work to remain compliant with the laws in place across the different regions where they operate. Here are some of the latest developments from the AML/KYC space.

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How To blockchain Compliance Regional 170

PYMNTS

FEBRUARY 24, 2020

billion-strong, high-spending consumers and their willingness to adapt to new technologies, trends and products may represent the economy of the future for many banks and businesses, but it is notoriously difficult for firms to enter and compete in this market. In China, there is [an] ever-shifting gray line,” Chorzempa said.

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PYMNTS

FEBRUARY 25, 2020

Chinese banking and business practices’ potential impacts are favored topics for bankers and merchants: Changes in this market often have ripple effects on global finances. Chinese regulators are also working on regulations to shore up application programming interface (API) innovations and platform banking. and the U.S.

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Regulation Compliance Online Data 140

PYMNTS

MARCH 25, 2019

While plenty of countries are seeing this as an opportunity to grow, some markets are still holding out. The Netherlands, for instance, only recently implemented it because it needed to make sure that consumers’ personal data will remain protected, as payments in the region are mostly digital.

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Regional Regulation Data Payments 108

PYMNTS

MAY 22, 2020

Treasury’s difficulties getting relief money to individuals, has renewed calls for the government to accelerate its FedNow national real-time payments network, still not expected to be operational until at least 2023. The Fed’s Failure. But the plight of American SMBs and consumers seems more pressing at the moment. Problem No.

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PYMNTS

JANUARY 31, 2020

Financial institutions (FIs) and merchants in the European Union (EU) have had some time to get used to both the General Data Protection Regulation (GDPR) and the revised Payment Services Directive (PSD2). Australian regulators are still deciding how Open Banking will affect FIs within their country.

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Digital Banking Guidelines Regulation Data 136

PYMNTS

DECEMBER 10, 2020

is accelerating market convergence for the Santiago Exchange. Volante Technologies Accelerates Market Convergence For Santiago Exchange. the cloud payments and financial messaging company, is speeding up market convergence for the Santiago (Chile) Exchange (Bolsa de Santiago). “As Canada, Europe and U.K.

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Payments Google Technology Taxes 178