PYMNTS

DECEMBER 11, 2019

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. Regulators the world over are beginning to take a closer look at the alternative and marketplace lending business model.

Fintech 144

Fintech Lending Regional Regulation 144

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. Recovery Through Technology. But it’s also important to take a local approach to supporting SMBs.

Regional 245

Regional Operations Fintech Tools 245

PYMNTS

SEPTEMBER 10, 2019

That’s especially true with cross-border payments , where commerce done globally demands that firms be aware of regulations and payments preferences that are endemic to a specific country or even specific region. Infrastructure can be varied, too, in terms of technology.

Security 134

Security Payments Regional Operations 134

PYMNTS

DECEMBER 10, 2020

the ability to send secure funds to 12 countries in Africa for a reduced fee, while Volante Technologies Inc. Volante Technologies Accelerates Market Convergence For Santiago Exchange. Volante Technologies Inc., In today’s top payments news around the world, Xoom is now offering clients in the U.S., Canada, Europe and U.K.

Payments 178

Payments Google Technology Taxes 178

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.

Regulation 52

Regulation America Compliance Fraud 52

PYMNTS

APRIL 24, 2019

Regulators want to have a greater stake in the way sharing platforms operate. Many of these regulators also now expect sharing and payment services to comply with shifting data regulations, like GDPR. A reclassification could lead to significant changes in how the mobile payment service can operate in the country.

Marketing 179

Marketing Regulation Case Study Security 179

PYMNTS

JANUARY 22, 2021

The company aimed to bring internet access to remote communities and low-income areas unable to afford the technology. The company worked alongside global aviation and communications regulators, devising ways “to safely fly a lighter-than-air vehicle for hundreds of days in the stratosphere to anywhere in the world,” Westgarth said.

New York 181

New York Regional Community Software 181

PYMNTS

OCTOBER 7, 2020

The two institutions will help banks realize a shared-service approach in a bid to improve core payments technology as they contend with broader payments infrastructure changes and implementation of PSD2 and migrations to systems such as SEPA ISO.

Payments 229

Payments System Operations Training 229

PYMNTS

JUNE 5, 2020

FIs and their regulators are clinging to that vision even as they work to answer complicated questions brought about by the virus surrounding online payments, security and data privacy. Regulators are addressing what data can be shared compliantly under the General Data Protection Regulation (GDPR), for example. EU and U.K.

Regulation 131

Regulation Data Online Regional 131

PYMNTS

SEPTEMBER 5, 2019

Colombian regulators have demanded that delivery app Rappi comply with electronic commerce laws, and has also launched an investigation into the app after receiving hundreds of customer complaints. Founded in 2015, Colombian startup Rappi employs bike-riding couriers to deliver everything from grocery orders to diapers all around the region.

Regulation 116

Regulation Regional America Operations 116

Abrigo

JUNE 14, 2021

It is the organization’s responsibility to enhance its program, including all program-related software, systems, and other technology. Common root causes include: Lack of a formal OFAC SCP Misinterpretation or failure to understand OFAC regulations Facilitating transactions by non-U.S. BSA Rules and Regulation. Learn More.

Compliance 370

Compliance Training Resources Policies 370

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.

Digital Banking 136

Digital Banking Guidelines Regulation Data 136

PYMNTS

MARCH 12, 2020

But the latest initiatives reveal a growing interest in transforming internal processes, particularly among smaller banks looking to upgrade their core infrastructure and elevate small business lending operations. Integrating directly into core technology means even deeper automation, the companies noted.

Lending 194

Lending Risk Management Fintech Community 194

PYMNTS

JANUARY 30, 2019

They face the challenge of offering customers a smooth onboarding process while also remaining rigorous in know your customer (KYC) efforts, taking care to remain compliant with local anti-money laundering (AML) regulations that aim to keep criminals from using legitimate operations to move money illegally. In the U.K.,

How To 170

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. Confronting the Chinese Privacy Myth .

Regulation 160

Regulation Policies Data Compliance 160

CFPB Monitor

DECEMBER 2, 2020

Chris Chilbert will serve as the Chief Information Officer in the Bureau’s Operations Division. Before joining the Bureau, Mr. Chilbert served as Assistant Inspector General for Information Technology at the U.S. Pappalardo will serve as the Associate Director for Research, Markets and Regulations. Before joining the Bureau, Ms.

United States 78

United States Washington Regional Resources 78

PYMNTS

APRIL 16, 2020

Currencycloud is connecting regional banks to advanced FX and global payments technologies, while the firm’s founder, Nigel Verdon, is also targeting Banking-as-a-Service with his new startup, Railsbank. open banking regulations. Funding Options Unlocks Data Across 20 Lenders.

Data 167

Data Lending Regional Fintech 167

Payments Source

JULY 6, 2018

International banks are also having to adapt to a raft of regional payment and data regulations that impact their operations in certain territories significantly but in others only negligibly, according to Russell Bennett, chief technology officer of Fraedom.

Data 69

Data Regional Fintech Regulation 69

PYMNTS

SEPTEMBER 11, 2019

Currently, there are 57 real-time payments rails operating in more than 72 countries, with even more under construction. Different regions have their own unique payment rails, and no two abide by the same regulatory framework. Other initiatives are being spearheaded across regions. So, what’s the problem? What’s Changing?

Payments 190

Payments Regional Operations Guidelines 190

PYMNTS

AUGUST 20, 2018

By 2009, A&P had shrunk in size and became a modestly sized regional chain. Regulators didn’t destroy A&P in the end. There was one wholesaler for every 43 mom-and-pop operations. A&P operated 16,000 locations in all but nine states in the U.S. It operated 70 factories and 100 warehouses. at that time.

Regulation 105

Regulation Online Innovation Google 105

PYMNTS

MAY 21, 2019

IBM has bid $34 billion for the software company Red Hat , but the deal is subject to approval by EU antitrust regulators, according to a report by Reuters. Launched in 1993, Red Hat specializes in Linux operating systems, which is an open-source software, different from Microsoft Corporation’s proprietary software. Cooper Group.

Software 131

Software Regional blockchain System 131

PYMNTS

MAY 25, 2018

Among the enduring promises of computer technology is that it would give the “little guys” — all those Davids struggling to compete in a world full of corporate Goliaths — a new source of strength. They explored the advantages that financial services firms can tap into by moving some of their operations to the cloud.

Regional 109

Regional Regulation Meeting Security 109

PYMNTS

APRIL 18, 2019

The PSD2 -related regulation counts itself among a raft of those set to become law across the continent, focusing on boosting online commerce security by requiring cardholders to provide two forms of identification to verify their identities when transacting.

Fraud 148

Fraud Regulation Compliance Online 148

PYMNTS

MARCH 3, 2020

Banks looking to make the most out of these rare visits must use the latest technologies. Digital-first transformations can improve personalization and operating efficiencies, but they also bring challenges, including adoption-related costs and new avenues for fraud. Hindrances to Digital-First Implementations.

ATM 151

ATM Fraud Study Regional 151

PYMNTS

AUGUST 16, 2019

Axos Bank parent company Axos Financial has rolled out out commercial banking operations across new markets in the U.S., ” Last month Axos announced a partnership with Europe’s digital-only bank N26 in a deal that will allow N26 to launch operations in the U.S. The bank announced Thursday (Aug.

Los Angeles 101

Los Angeles New York FDIC Lending 101

PYMNTS

JANUARY 16, 2020

Companies must manage increased data processing and transaction volumes for their clients, and the stress pushes many to rely on multiple banks to keep operations running smoothly. Such technology was used 17.5 Other regions, including the U.S., Open banking is alive and thriving in the U.K., million in October 2017.

Strategy 132

Strategy Data Operations Innovation 132

PYMNTS

JULY 27, 2020

That a market is massive and emerging as a target for digitization, does not necessary mean it will be an easy target to pursue — a lesson learned the hard way by Facebook in June when regulators hit the pause button on its adding payment capabilities to WhatsApp in Brazil. It’s not at full scale yet,” Hruby said. “We’re

Mobile 153

Mobile America Regulation Regional 153

Abrigo

FEBRUARY 23, 2023

Takeaway 3 With effective technology, the bank can continue to grow its portfolio without necessarily adding staff. Technology through a trusted partner that automates those and other tasks frees up staff “for what you’re really paying for, and that’s business development,” Kirby noted. “I

Community Bank 195

Community Bank Kansas City Community Lending 195

PYMNTS

JANUARY 6, 2020

Turkey announced it would be fully complying with PSD2 in mid-November, and many of the changes to its financial and technology industries will be routine — at least for the financial institutions (FIs) and businesses in markets that have already experienced these shifts. Turkish institutions. Preparedness helps with confident compliance .

Regulation 131

Regulation Industry Data Regional 131

PYMNTS

OCTOBER 21, 2016

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. The fleet management market is estimated to grow from $9.54 billion in 2016 to $27.9 billion by 2021 at a CAGR of 23.9

Management 100

Management Marketing Regional System 100

PYMNTS

JULY 17, 2019

China represents what he termed a “world of its own,” marked by mature and advanced technology unseen anywhere else in the world. Beyond the technological advances, of course, China’s push toward a digital economy comes as the government has also digitalized the national ID card, which must be wielded by every citizen over the age of 16.

Course 185

Course Regional Policies Data 185

PYMNTS

AUGUST 8, 2018

It aims to safeguard minimum working conditions for professional drivers, increase road safety, enhance fair competition in transport, and replace older technology and standards called the digital tachograph. The smart tachograph technology aims to “eliminate driver fraud,” Provenzano said. Toll Booth Checks. GDPR Role.

Industry 104

Industry Data Technology Regulation 104

PYMNTS

NOVEMBER 18, 2019

As the movie industry goes through more changes with technological innovation, with new streaming businesses and new business models, it is our hope that the termination of the Paramount decrees clears the way for consumer-friendly innovation,” said Delrahim. In a speech on Monday (Nov.

United States 100

United States Innovation Regional Apple 100

PYMNTS

OCTOBER 8, 2019

Furthermore, according to the latest edition of PYMNTS’ PSD2 Tracker , only 40 percent of merchants operating in the European Union that are aware of SCA reported being ready as of that date. Many regulators, added Bayliss, have not yet come forward with a timeline or migration plan.

Compliance 156

Compliance Security Industry Regulation 156

PYMNTS

FEBRUARY 21, 2018

A regional government in Russia is now working with state-backed VEB, reports in CoinDesk said this week, as authorities explore how to use blockchain “to improve the quality of management decisions.”. As regulators begin to consider blockchain regulations, many have signaled a desire not to hamper innovation while doing so.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

MAY 23, 2018

In the May Digital Identity Tracker , PYMNTS examines how players from around the space are looking to safeguard consumers, from new security software to newly debuted regulations from governments around the world. The company recently released its online and physical dynamic probability scoring technology, which claims 99.99

Trends 125

Trends Strategy Minneapolis Fraud 125

PYMNTS

JULY 10, 2020

For several years, while state-level legalization has expanded, access to traditional banks remains an issue thanks to their status as federally regulated entities. Muller explained that the technology augments existing rails like eCheck and ACH to enhance data capture and transmission to complete a transaction.

Innovation 210

Innovation Payments Tools Compliance 210