PYMNTS

DECEMBER 9, 2020

The passwords, user names and Social Security numbers that once helped us prove we are who we say we are now are vulnerable or have already been compromised. And new regulations are taking root or are on the horizon to help protect consumers, their data and how that data might be used.

Regulation 234

Regulation Security Data Course 234

PYMNTS

NOVEMBER 4, 2020

Trade finance is an area of financial services that is notorious for its continued use of paper and legacy systems. trillion trade finance gap that continues to plague the global market. Trade finance players, including corporates, banks and regulators, are finally ready to embrace modernization and technology.

Regulation 234

Regulation Tools Compliance Technology 234

PYMNTS

NOVEMBER 27, 2020

Compliance with financial regulations market-to-market around the globe is increasingly automated yet relies on the same human emotion that undergirds all forms of exchange: trust. In other words, banks and financial institutions (FIs) have an obligation to make sure you are who you claim to be.

Compliance 198

Compliance Regulation Payments Study 198

PYMNTS

APRIL 16, 2019

In the April Intelligence of Things Tracker , PYMNTS explores the latest security efforts from providers to crack down on fraud, and the emerging use cases where IoT tech can be applied — if consumers are willing to give it a chance. While security concerns remain, the IoT market is continuing to expand. Meanwhile, the U.S.

Regulation 204

Regulation Data Nevada blockchain 204

Perficient

MARCH 2, 2021

On February 18, the Federal Reserve Board announced a final rule that they claim is intended to reduce risk and increase efficiency in the financial system by applying derivative netting protections to a broader range of financial institutions. major swap participants (MSPs) and major security-based swap participants (MSBSPs); 2.

Regulation 309

Regulation Security System Marketing 309

PYMNTS

NOVEMBER 16, 2020

The European Central Bank (ECB) has plans to independently investigate an incident that affected its TARGET2 real-time gross settlement system on Oct. 23 this year, which resulted in a near 10-hour outage, according to a press release. TARGET2 is the top European platform for processing larger platforms, the release stated.

System 217

System Payments Operations Software 217

Perficient

APRIL 2, 2021

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. These technologies are also used to better target marketing in retail and customize trade recommendations in wealth management. Credit Decisions. Textual analysis.

Regulation 309

Regulation Industry Risk Management Analysis 309

PYMNTS

NOVEMBER 16, 2020

Fitzpatrick, global head of CitiFXTechnicals, Citi’s market insight product, compared bitcoin’s movements to the gold market, which remained within a $20-$35 price range for 50 years before breaking out in 1971, according to CoinDesk. Thomas Fitzpatrick’s report was leaked on Twitter Friday (Nov. Meanwhile, Binance on Monday (Nov.

Bitcoin 296

Bitcoin Regulation Innovation Security 296

BankUnderground

JULY 12, 2021

Systemic risk in the bank sector is often associated with long periods of economic downturn and large social costs. In a new paper , we develop a microstructural contagion model to disentangle and quantify the different sources of systemic risk for the euro-area banking system. A new definition of systemic risk.

System 126

System Exercises Policies Regulation 126

PYMNTS

MARCH 25, 2019

Thus, IoT security is becoming an essential part of modern conversations. Bad actors are eyeing weaknesses in these systems to launch attacks, according to Steve Bunnell, former general counsel for the U.S. Department of Homeland Security (DHS) and data security and privacy practice chair of D.C.-based

Security 205

Security Data Regulation Washington 205

PYMNTS

OCTOBER 29, 2018

As a result of the passage and adoption of open banking regulations, like PSD2 in Europe, banks and other financial firms are sharing data more freely than ever before. The risk of attack can be mitigated by following a sound API architectural approach, one that integrates security requirements and tools into the API itself.

Security 192

Security Fraud Tools Data 192

PYMNTS

JULY 16, 2018

Cryptocurrencies such as bitcoin and ether don’t pose much of a risk to global financial stability at the current time, but that isn’t stopping global regulators from creating a framework to monitor risk from cryptocurrency. The move on the part of global regulators comes as the Securities and Exchange Commission in the U.S.

Regulation 110

Regulation San Francisco Bitcoin cryptocurrency 110

PYMNTS

AUGUST 5, 2019

The move was described by Kansas Federal Reserve President Esther George as the biggest infrastructure upgrade embraced by the Federal Reserve since the ACH system went online in 1972. While the private service has a large part to play in this market, she noted, the Fed’s size, scale and long history in the U.S.

System 212

System Payments Kansas Online 212

PYMNTS

AUGUST 1, 2019

Investigators from the Federal Reserve carried out an inspection of Amazon ’s cloud in April as Washington looks into ways to regulate companies that provide the service. People familiar with the matter said the regulators were most interested in looking at Amazon’s resiliency and backup systems.

Regulation 108

Regulation Washington Virginia Seattle 108

BankUnderground

NOVEMBER 24, 2022

In less than two decades, the system of market-based finance (MBF) – which involves mainly non-bank financial institutions (NBFIs) providing credit to the economy through bonds rather than loans – has both mitigated and amplified the economic effects of financial crises. 1: Money market funds. Background. 3: Margin calls.

Marketing 113

Marketing Policies US Regulation 113

Perficient

AUGUST 26, 2022

Fixed income markets have continued to change dramatically since 2002, becoming more global while an increasing percentage of trades are made on or by electronic trading platforms. Agency debt securities. Asset-backed securities (ABS). Agency pass-through mortgage-backed securities (MBS). Current Time Requirements.

Report 275

Report DC Security System 275

PYMNTS

JUNE 14, 2018

The Securities and Exchange Commission’s (SEC) leading authority on bitcoin, cryptocurrency and initial coin offerings (ICOs) has ruled that some well-known cryptocurrencies like bitcoin and Ethereum are not securities. As such, they can expect to come under the regulatory control of the SEC and relevant securities laws.

Bitcoin 159

Bitcoin Security San Francisco cryptocurrency 159

PYMNTS

NOVEMBER 2, 2018

Whether driven by regulation or market competition, the financial services sector in several jurisdictions is progressing toward open banking, interconnectivity and a freer flow of data between customer accounts and third parties. and multinational banks. and multinational banks.

Security 194

Security Data Strategy Trends 194

PYMNTS

JANUARY 7, 2019

In Ireland, reported CryptoGlobe , the Irish cabinet has approved legislation that will bring more regulation to the sector. Separately, in India, the action toward crypto regulation seems to be … inaction. Frankly, recent market movements have not given us any reason to be concerned,” she said. In the U.S.,

Regulation 151

Regulation cryptocurrency National Capital 151

PYMNTS

AUGUST 27, 2019

As reported by CoinTelegraph , Switzerland ’s Financial Market Supervisory Authority (FINMA) this week unveiled guidance on the regulatory requirements that govern payments done over blockchain. Securities Exchange and DLT. The current platform processes transactions totaling 5 billion Australian dollars ($3.4 billion) daily.

blockchain 145

blockchain Regulation Payments Bitcoin 145

Abrigo

AUGUST 6, 2019

The Financial Crimes Enforcement Network (FinCEN) is tasked with protecting the financial system both within the United States and internationally. Blanco discussed the organization’s active approach toward addressing the top financial threats to our financial system, our national security, and our communities and families.

System 264

System Las Vegas San Antonio San Diego 264

PYMNTS

MAY 29, 2019

Reports in Reuters on Tuesday (May 28) said UBS expects its regulatory costs to remain high in the years ahead after a decade of more stringent regulations leading to heavier, more costly burdens on banks. “That has tied up enormous resources.” “Why is this so significant?

Regulation 108

Regulation Compliance Capital Resources 108

Abrigo

JULY 27, 2023

For example, in the pharmaceutical industry, manufacturers can use regtech to ensure that marketing complies with FDA requirements. Of course, banks and credit unions are highly regulated industries, and this is increasing. Talk to a specialist to learn more.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

For example, in the pharmaceutical industry, manufacturers can use regtech to ensure that marketing complies with FDA requirements. Of course, banks and credit unions are highly regulated industries, and this is increasing. Talk to a specialist to learn more.

Technology 195

Technology Fraud Compliance Regulation 195

PYMNTS

AUGUST 28, 2019

It’s hardly news that consumers (along with regulators and politicians) are becoming increasingly focused on privacy and online security. roadways currently and two-thirds of all new cars will boast features and systems that connect to the internet by 2022.” Larger Issues. percent CAGR from 2019 to 2026. Fresh Moves.

Security 119

Security System Operations Report 119

PYMNTS

NOVEMBER 22, 2019

Ongoing security concerns have prompted the Federal Reserve to further scrutinize big tech firms that serve the banking industry, The Wall Street Journal (WSJ) reported on Thursday (Nov. The Bank Service Company Act gives financial regulators the power to audit third-party vendors that offer banking services, Ashton said.

Security 116

Security Policies Conference Compliance 116

Perficient

FEBRUARY 29, 2024

Going forward, banks should: Implement AI-driven systems to streamline credit decision processes, reducing decision times, and enabling faster responses to loan applications. By embracing personalization and customization, banks can strengthen their position in the market and build lasting relationships with customers.

Trends 221

Trends Industry Analytics Compliance 221

BankInovation

FEBRUARY 16, 2023

The White House in October released its blueprint for an AI Bill of Rights as more technology, data and automated systems hit the market, and guidance becomes more relevant than ever following the controversy around OpenAI’s ChatGPT.

Regulation 96

Regulation System Data Technology 96

Abrigo

FEBRUARY 9, 2024

real estate market alone. residential real estate market to launder and hide the proceeds of serious crimes with anonymity, while law-abiding Americans bear the cost of inflated housing prices,” said FinCEN Director Andrea Gacki of the N PRM. WATCH NOW Takeaway 1 Real estate money laundering is a serious issue , with a n estimated $2.3

Training 195

Training Fraud Trends Report 195

Perficient

OCTOBER 5, 2023

Finalists are evaluated by a panel of judges who are well-versed in DXP and digital marketing. Strict industry regulations posed a challenge. By implementing Acquia and adhering to security measures, UMB streamlined processes. Overcoming department-specific needs, they utilized the US Web Design System and Acquia tools.

User Experience 221

User Experience Regional America Tools 221

PYMNTS

JUNE 5, 2020

Such solutions can “empower people to control their financial well-being,” Andrew Davies, vice president of global market strategy and financial crime risk management at financial services technology company Fiserv , told PYMNTS in a recent interview. The federal entity is charged with monitoring the U.S.

Security 174

Security Fintech Data Fraud 174

PYMNTS

SEPTEMBER 30, 2020

It would instead offer payment companies a national servicing platform to replace the regime of state regulations such firms would be subject to under existing laws. Commercial companies accessing a payments charter would avoid oversight and regulations that protect the financial system and consumers,” the bank industry leaders wrote.

Regulation 349

Regulation National System Industry 349

Insights on Business

FEBRUARY 13, 2019

Gary Meshell, WW Leader Financial Services, IBM Security, opened his IBM Think 2019 talk, How Financial Services Companies Should Respond to Cyber Security Attacks with a bold assertion and truism. IBM and TD Bank jointly developed cyber security incident response solution for the financial services industry.

Cyber Security 137

Cyber Security Security Exercises social media 137

Cisco

JULY 12, 2022

As a key provider of technology for mission-critical financial system infrastructures across the globe, Cisco is held to the highest levels of scrutiny in the financial services regulatory audit chain. These systems are continually being updated with newer and better ones; however, it takes a long time to sunset the legacy technology.

Regulation 71

Regulation FDIC System Software 71

PYMNTS

JUNE 12, 2017

As digital continues to be a pervasive force in nearly everyone’s daily lives, many in international government have likely begun to wonder how and if it should be regulated. Otherwise some provider could emerge… That’s an island, and from which things could be done, relevant to security, that could destroy an entire system.

Regulation 100

Regulation Policies Groups System 100

PYMNTS

FEBRUARY 5, 2018

Last month, Canada’s Competition Bureau released its final study on tech-led innovation in FinTech, offering regulators some thoughts on competition in the payments sphere, along with suggestions on where the competitive landscape could be improved. Canada might be viewed as a different market when it comes to financial services.

Regulation 103

Regulation Bitcoin Innovation Study 103

PYMNTS

JANUARY 29, 2018

Following the theft of $530 million in NEM tokens from Coincheck last week, governments will likely call for more cryptocurrency regulation and investors may turn to peer-to-peer (P2P) methods of trading instead of centralized exchanges, Bloomberg reported.

Regulation 124

Regulation cryptocurrency Bitcoin Security 124