PYMNTS

OCTOBER 12, 2020

billion as of a funding round from last February, and the company is one of the new kinds of financial institutions operating in the digital realms and seeking to become a traditional institution. Revolut's bank charter will be with California, but it will allow the bank to operate anywhere in the U.S., Revolut is valued at $5.5

San Francisco 268

San Francisco Wyoming US Utah 268

PYMNTS

DECEMBER 31, 2019

Specifically, manufacturers will suffer as operational systems of some of them are not suitable for external applications, and even those who potentially can preinstall local apps will have to pay sizable license fees.” ” Under Russian legislation, global streaming services like Netflix and Apple TV+ would also face restrictions.

Regulation 139

Regulation Apple US Software 139

PYMNTS

MAY 4, 2020

He will be tasked with developing strategy, direction and comprehensive success of Mastercard’s operations across 53 countries in Europe. Perez also formed partnerships with various businesses, government entities and regulators to advance ingenuity and confidence in the payment landscape.

Operations 141

Operations Regulation Regional Retail 141

PYMNTS

MARCH 27, 2019

regulators in the wake of money laundering scandals, reported the Financial Times. regulators are looking into Swedbank’s actions. Swedbank is the subject of an inquiry by U.S. In February, Sweden and Estonia announced a joint inquiry into money laundering in the Baltics.

Regulation 122

Regulation New York US Maine 122

South State Correspondent

MAY 18, 2023

This month, we rolled out “Tate,” our generative AI chatbot driven by ChatGPT that was designed to increase the productivity of our employees and allow us to become familiar with large language models. Based on the scientific method, this approach enabled us to focus on the highest risks. In these sessions, you can dream.

US 195

US Training Examples Data 195

BankUnderground

NOVEMBER 2, 2022

Operational risk is rapidly becoming one of the most important threats to the financial system but is also one of the least well understood. But they are only one part of operational risk, which includes losses from any kind of business disruption or human error, including power outages or natural disasters.

Operations 93

Operations Policies System Regulation 93

Bobsguide

JUNE 12, 2018

Early this year, in a concerted effort to clamp down on fraudulent firms operating in the cryptocurrency and blockchain market, officials at the US Securities and Exchange Commision (SEC) and the Commodity Futures Trading Commission (CFTC) teamed up. Since joining forces, the regulators have made.

Regulation 68

Regulation US cryptocurrency blockchain 68

PYMNTS

NOVEMBER 12, 2020

as well as 21 European Union (EU) countries — sent a letter to antitrust regulators asking that they throw the book at Google as fast as possible, according to a Reuters statement on Thursday (Nov. The group said it is the biggest collaboration to write to EU antitrust regulators urging a fast response. 20 by the U.S.

Google 158

Google US Comparison Washington 158

Perficient

DECEMBER 6, 2023

The objective is clear: encouraging compliance with consumer protection regulations they deem important before punitive measures are implemented broadly. Understanding current regulations is crucial to avoid legal repercussions and enforcement actions.

Industry 221

Industry Compliance Exercises Regulation 221

PYMNTS

FEBRUARY 17, 2020

increased regulation over content delivered online through platforms may be on the horizon. This past week, Britain’s federal government said its media regulator, known as Ofcom, would be given new oversight to monitor and regulate material posted on the web by companies such as Facebook, Google and Twitter. In the U.K.,

Regulation 140

Regulation Google Operations Company 140

PYMNTS

NOVEMBER 9, 2020

Regulation. EU Gears Up To Propose New Big Tech Regulations. Australian Regulator Looks Into Merger Law Changes. Foreign companies operating in Turkey that reach more than 1 million people daily have been told about some of the rules they need to comply with,” Sayan said on social media.

Regulation 211

Regulation social media Compliance California 211

PYMNTS

FEBRUARY 25, 2019

As regulators overseeing non-banks, our goals are clear: Ensure the safety and soundness of the financial system, protect consumers and streamline the multistate experience,” said Mark Quandahl, chairman of the CSBS Emerging Payments & Innovation Task Force, in a statement. “As

Regulation 147

Regulation Fintech Community Bank Community 147

TheGuardian

SEPTEMBER 23, 2023

The boss of the Bank of England’s Prudential Regulation Authority (PRA) had headed to Devon for a celebratory weekend with his wife. But rather than settling in for dinner that evening, Woods had to book an extra hotel room to use as a makeshift crisis centre after US lender Silicon Valley Bank (SVB) suddenly collapsed.

Regulation 77

Regulation US Operations Marketing 77

PYMNTS

JUNE 18, 2020

Another 59 percent said they are less likely to use cash because of the pandemic, while 54 percent told researchers they would be very likely to use a payment option when they gamble.

US 166

US Nevada Guidelines Regulation 166

PYMNTS

APRIL 1, 2020

Restaurants are tough businesses to operate, even in the best of times — 60 percent fail within their first year, and 80 percent within their first five. Yi said the impact of COVID-19 caught Zoku Sushi “completely flat-footed” by the nearly overnight shutdown that came to its base of operations in Midtown Manhattan.

Operations 171

Operations New Jersey Connecticut Course 171

Perficient

AUGUST 16, 2023

Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. Bank Closed By Regulators Almost all bank closures happen on a Friday so that regulators can work all weekend to reopen the bank on Monday. In 2019, it expanded by buying its fourth branch from a competitor.

United States 221

United States Kansas FDIC Risk Management 221

PYMNTS

JUNE 24, 2019

Amid the announcement of a new cryptocurrency – that would be Libra – the Financial Action Task Force (FATF), which operates as global regulatory firm based in Paris with a membership roster of countries such as China and the United States, has said it will boost its examination of digital currencies with an eye on money laundering.

Regulation 129

Regulation social media cryptocurrency United States 129

Perficient

DECEMBER 27, 2023

Navigating AML and OFAC Compliance Risks Regarding anti-money laundering (AML) and Office of Foreign Assets Control (OFAC) compliance risks, bank executives must navigate operational and compliance challenges tied to fintech relationships. Contact us today to discuss in depth how we can help tackle your business challenges.

Compliance 221

Compliance FDIC Regulation Fraud 221

PYMNTS

NOVEMBER 4, 2020

regulators have taken a more hands-off approach by issuing non-binding guidelines, thus allowing industry stakeholders to pave the way forward. regulators acknowledge that although there is a market and demand for open banking, the current regulatory structure prioritizes consumer protection.”.

US 171

US Boston Regulation Data 171

PYMNTS

JULY 16, 2020

will face a potential disruption of their operations. In the Digital Identity Tracker this week, PYMNTS reported that keeping patients’ medical information safe remains a priority for governments and regulators around the world — and that the pandemic is making the task even more complicated. including Facebook Inc., Alphabet Inc.’s

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Data US Regional Resources 212

BankBazaar

APRIL 19, 2023

Why did US banks collapse? The US regional banks were under pressure as concern grew among customers and investors about the financial health of the banks in the country. What have the regulators done? The US president has recently said that the perpetrators will face the consequences.

US 78

US United States FDIC Regulation 78

PYMNTS

AUGUST 27, 2019

Under the guidelines, which cover exchanges, trading platforms and wallet providers, the regulators state businesses are not exempt from standards that tie in anti-money laundering (AML) rules, among other mandates. CoinDesk reported that the exchange has targeted the DLT platform to be in place and operational by spring of 2021.

blockchain 145

blockchain Regulation Payments Bitcoin 145

PYMNTS

FEBRUARY 14, 2018

government determines its best approach to cryptocurrency regulation, a commissioner with the Commodity Futures Trading Commission (CFTC) is advising crypto companies to self-regulate. The role of the advisory committee is to advise us,” Quintenz said. “We While the U.S.

Regulation 101

Regulation Bitcoin cryptocurrency blockchain 101

The Paypers

DECEMBER 7, 2022

Cryptocurrency lending platform Nexo says it is ‘phasing out’ the US side of its operations, after unsuccessful talks with regulators.

US 36

US cryptocurrency Lending Regulation 36

PYMNTS

MARCH 4, 2020

The Financial Crimes Enforcement Network (FinCEN) has fined Michael LaFontaine, former chief operational risk officer at U.S. LaFontaine was warned by his subordinates and by regulators that capping the number of alerts was dangerous and ill-advised. 10, with new regulations for cryptocurrencies, wallets and exchanges.

US 130

US Regulation cryptocurrency Resources 130

ATM Marketplace

NOVEMBER 26, 2019

If you are planning to operate a bitcoin ATM business in the U.S., there's a lot more to consider than simply buying a kiosk and setting up shop. You need to stay compliant, both on the federal level and the state level.

ATM 100

ATM Bitcoin Compliance Regulation 100

PYMNTS

SEPTEMBER 14, 2020

has said that it was chosen to be ByteDance’s “trusted technology provider” that will take over TikTok's American operations, and Alibaba is considering an investment in Grab. Plus, new regulations in China will make Ant Group support any payments, lending or finances with substantial funds. Oracle Officially Named As TikTok’s U.S.

Technology 148

Technology Groups Payments US 148

PYMNTS

JULY 24, 2020

“While we’re certainly not the first business to require face coverings, we know this is a simple step everyone can take for their safety and the safety of others in our facilities,” Sam’s Club Chief Operating Officer Lance de la Rosa and Walmart U.S. Chief Operating Officer Dacona Smith said in an announcement.

US 148

US Leadership National Retail 148

PYMNTS

SEPTEMBER 9, 2020

operations, TikTok parent ByteDance is in talks with the American government about potential deals to steer clear of their complete sale, The Wall Street Journal reported, citing unnamed sources. operations of TiKTok is encountering an obstacle as it is not known if the programming code at the center of the app can come with the deal.

US 150

US Operations Security Software 150

PYMNTS

NOVEMBER 2, 2020

Postal Service first started using its fingerprint services to onboard the 120,000 employees it hires each year. The Postal Service operates 31,000 post offices, and 99 percent of the U.S. As facial recognition advances, tech companies are trying to get ahead of regulations.

US 191

US Washington Report Policies 191

PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Reuters quoted central bank Vice Gov. Any FinTech disruptor, when it becomes so big, represents systemic risk,” he told Webster.

US 168

US Regulation Groups System 168

PYMNTS

NOVEMBER 22, 2019

5 when Jersey City residents voted to apply more regulations to short-term rentals. Many cities across the nation are worried about how the company operates and what impact its rentals have on long-term residents. In separate news, Airbnb experienced a setback on Nov. Over 69 percent of voters cast their ballots for the measure.

US 108

US Illinois Policies Regulation 108

PYMNTS

APRIL 16, 2019

Deutsche Bank is reportedly being pressured by European regulators to trim its U.S. investment bank operations by quelling client concerns of counterparty risk at the unit. investment bank further after years of concerns that the unit is too large and too unprofitable. investment bank should shrink.

US 122

US Operations Resources Regulation 122

PYMNTS

JUNE 27, 2019

The head of Germany’s Federal Cartel Office said on Thursday (June 27) that cryptocurrency backed by large tech companies could be put under a microscope by antitrust regulators, according to a report by Reuters. He stated that crypto created by companies “could become a topic for us.”.

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Regulation cryptocurrency social media Data 108

PYMNTS

JULY 10, 2020

eateries — such as the Los Angeles area’s Spago and Wolfgang Puck at Hotel Bel-Air — are gradually reopening as social-distancing regulations ease, albeit sometimes only to allow outdoor dining. He believes some 25 percent of small U.S. restaurants will never reopen. Puck’s signature U.S.

Los Angeles 158

Los Angeles Texas US Guidelines 158

PYMNTS

OCTOBER 1, 2020

The Centers for Disease Control (CDC) has extended its No Sail Order for cruise ships operating out of U.S. Shares of the three big publicly-traded cruise ship operators – Royal Caribbean, Carnival Corp and Norwegian Cruise Line – have been severely battered. ports through Oct. and across the world.

Industry 195

Industry US Operations Survey 195

PYMNTS

JULY 6, 2020

Amazon Plans to Expand Grocery Stores Across the US. Wirecard AG’s operating performance in Europe and the Americas was far worse than previously known, according to a report from KPMG, the Netherlands-based global accounting firm, which was obtained by the newspaper. What Q1 and Q2 Are Telling Us About the Rest of 2020.

US 130

US Washington Payments Seattle 130