US regulators weigh up regional bank buffer rules
The Banker
OCTOBER 3, 2022
Rapid regional bank growth is leading some players into “too big to fail” territory, guiding regulators to consider new debt requirements. James King reports.
US Retailers Confront Data Privacy Shifts
PYMNTS
MARCH 27, 2020
While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. European Union and other regions currently fighting the pande mic. Security .
Data 
199
199 Join 50,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
US banks are failing, and the authorities seem unlikely to intervene
TheGuardian
MAY 4, 2023
Regional lenders such as PacWest and Western Alliance are not seen as systemically important and more consolidation is ahead Trading halted in shares of two more US lenders as fears of banking crisis mount Shares in two more US regional banks have been suspended. It is specific US banks that are the problem.
Los Angeles 72
72 
Today In Payments Around The World: US Halts Tariffs On French Products; China Considers More Stringent Online Oversight
PYMNTS
JANUARY 8, 2021
In today’s top payments news around the world, the United States is halting tariffs on French products, while the Cyberspace Administration of China is considering a revamp of internet oversight regulations. US Trade Representative’s Office Suspends Tariffs On French Goods.
Online 200
200 
US Lenders Cautious About Making European Loans Amid Pandemic
PYMNTS
APRIL 26, 2020
“Every bank is under the cosh of its national regulators, who in times of crisis show a huge home bias,” said Jan Pieter Krahnen, director of the Center for Financial Studies at the University of Frankfurt, according to FT. This heavily influences risk management and regional exposure, which comes at the expense of clients abroad.”.
US 143
143 
Stock market reforms aim to revitalise City of London; US regional bank shares hit again – business live
TheGuardian
MAY 3, 2023
Importantly, revising listing regulation is just one piece of the puzzle. However, caution is required as the proposals remove some key investor protections, such as the ability to vote on key transactions.
Marketing 84
84 
Dana-Farber Cancer Institute, UBM, and Mecklenburg County Shine as Acquia Engage Awards Finalists
Perficient
OCTOBER 5, 2023
Excellence in Governance: Dana- Farber Cancer Institute Leaders of the Pack- Financial Services: UBM Regional Excellence- North America: Mecklenburg County These three projects have earned the distinction of being finalists for the remarkable digital experiences they provide their visitors. Strict industry regulations posed a challenge.
User Experience 221
221 
EU Ruling Limits Personal Data Transfer To The US
PYMNTS
JULY 16, 2020
Companies will have to choose between whether to move personal data to servers in Europe or stop doing business in the region. For example, depending on how the decision is applied, the ruling could be an expensive one. Tech advocates have said the court’s ruling to prohibit data transfers to the U.S.
Data 212
212 
Explained | The current banking crisis in the US and Europe
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
78 
Perficient Named 2021 Acquia Partner of the Year for Drupal Cloud
Perficient
MARCH 10, 2022
Our engagements range from implementing Drupal websites and portals to strategizing personalization and customer journeys, including clients in regulated industries like healthcare and financial services. The Acquia Partner Awards recognize 17 outstanding partners across four global regions.
UK Google Users Will Be Under US, Not EU Privacy Protections
PYMNTS
FEBRUARY 20, 2020
companies, is staying in the EU and will keep some of the EU’s famously stringent data protection rules, the General Data Protection Regulation. Ireland, which hosts the headquarters of Google and other big U.S. Because Google is unsure whether Britain will comply with GDPR rules, Google decided to move its U.K.
Google 141
141 
US Bans Chinese Facial Recognition Tech
PYMNTS
NOVEMBER 18, 2018
The cameras are also used to track Muslims coming in and out of mosques in the western Chinese region of Xinjiang, which has led to the detention of thousands of ethnic Uighurs and other Muslim minorities in internment camps. Human rights campaigners have called it a systematic repression of Xinjiang’s 11 million Muslim Uighurs.
US 188
188 
What Asia-Pacific Can Learn From EU’s Open Banking Initiatives
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.
Regulation 188
188 
Bitcoin Daily: Binance To Launch Regional “Libra-Like” Currency; Coinbase Left 3K User Passwords Unprotected
PYMNTS
AUGUST 20, 2019
We feel that there is a general policy of refusing to accept money, but the regulator is not helping us to obtain this policy,” Bitcoin Association legal adviser Jonathon Klinger said in an interview with Globes.
Bitcoin 129
129 
First Republic plunges on expectation of seizure by FDIC
BankInovation
APRIL 28, 2023
First Republic Bank shares fell as much as 54% in extended New York trading on speculation that it would be seized by regulators, as regional US lenders are pressured by deposit drains and weakening investments.
Why Silicon Valley Bank was so important to UK tech sector
TheGuardian
MARCH 12, 2023
Founded in Santa Clara in the 1980s, in the heart of the Bay Area’s tech cluster, it was a regional bank that served the local economy. As that local economy became the engine of American growth, SVB – which collapsed on Friday – grew alongside it. Continue reading.
Regional 66
66 
21 Predictions About Digital Health in 2021: Part I
Perficient
JANUARY 18, 2021
MY PREDICTION: W e’ll see a regional provider achieve national attention – becom ing the next household name like the Mayo Clinic – as they leverage a “second opinion” virtual network into building new streams of business from outside of their geographies, thanks to Telehealth. . I expect t his scrutiny will continue. .
System 322
322 
EU Countries Push For Tech Funding To Compete With US And China
PYMNTS
MAY 28, 2018
To make sure they can compete with the United States and China, France and Germany want an EU-wide initiative that will fund innovation and research in tech startup projects across the region. According to Reuters , Europe has lagged behind the United States in developing new technologies.
US 108
108 
Alibaba Halts Vaping Component Sales In The US
PYMNTS
OCTOBER 9, 2019
Regulators continue to examine reports of disease and deaths allegedly linked to eCigarettes. In an announcement, the CDC stated that “All patients have reported a history of using e-cigarette, or vaping, products. Most patients report a history of using THC-containing products.
US 109
109 
EU Wants US Tech Giants To Pay Revenue Tax
PYMNTS
SEPTEMBER 12, 2017
They would like the EU to develop a region-wide plan to implement their proposal, and plan to present it to all 28 EU finance ministers at a meeting next week. This news is just the latest sign that European politicians and regulators are uncomfortable with the growing strength of U.S. tech giants in their countries.
Taxes 115
115 
Responsible AI: Are European Firms Ready for the Regulators?
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
52 
If You Are Tired of Being Transactional, You Need A Hedge Program
South State Correspondent
APRIL 30, 2024
There are several benefits to community banks in using a loan-level hedge program, but how does a community bank choose a safe solution? The Benefits of a Loan-Level Hedge Program First, let us consider the benefits of a loan hedging program for community banks.
Community Bank 195
195 
If You Are Tired of Being Transactional, You Need A Hedge Program
South State Correspondent
APRIL 30, 2024
There are several benefits to community banks in using a loan-level hedge program, but how does a community bank choose a safe solution? The Benefits of a Loan-Level Hedge Program First, let us consider the benefits of a loan hedging program for community banks.
Community Bank 195
195 
[Infographic] The Challenges and Benefits of Offshore, Nearshore, and Onshore Software Development
Perficient
FEBRUARY 24, 2021
Industry Regulations. Certain industries, like government or financial services, may be explicitly regulated to the U.S., Nearshore software delivery regions boast convenient geographic proximity and time zone alignment to the U.S. Industry Regulations. Nearshore Delivery Benefits. Time Zone Compatibility.
Software 294
294 
Setting boundaries: finding thresholds in bank regulation
BankUnderground
JULY 31, 2020
To make regulation proportionate, policymakers adapt regulatory requirements to the risks posed by each firm. But regulators face a trade-off between addressing systemic risks in a proportionate way and limiting regulatory complexity. If you want to get in touch, please email us at bankunderground@bankofengland.co.uk
Regulation 65
65 
Wells Fargo Names Four New Executives
PYMNTS
JULY 31, 2019
These new roles and leaders will help advance Wells Fargo’s top three priorities — focusing on our customers and team members, meeting the expectations of our regulators, and continuing the important transformation of the company,” Interim Chief Executive Officer Allen Parker said in a press release.
Community Bank 147
147 
Ripple Mulls Moving Headquarters Abroad
PYMNTS
OCTOBER 23, 2020
He noted that other regions have given similar affirmations. s FCA took a leadership role in characterizing how we should think about these different assets and their use cases,” Garlinghouse said. A “security” designation could put XRP under stringent new regulations. What you see in the U.K. is a clear taxonomy, and the U.K.’s
cryptocurrency 202
202 
In Asia, Focus On Big Tech Regs And Taxes
PYMNTS
SEPTEMBER 30, 2019
Scrutiny of tech firms is spreading across the globe, hinting at broader regulations over privacy and, possibly, bigger tax bills. Together, we are 80 percent of the region,” Indonesian Communications Minister Rudiantara told the newswire. Reuters noted this past week that such approaches would take place through a unified effort.
Taxes 133
133 
Small Banks Vow To Protect Regulations Keeping Retailers And Tech Giants Off Their Turf
PYMNTS
NOVEMBER 9, 2017
Small banks do not want to compete with the Amazons and Walmarts of the world when it comes to offering financial services for clients — and as of today, they more or less are protected from having to do so by regulations that prevent banks’ holding companies from branching too far outside of core financial services businesses.
Regulation 100
100 
The declining elasticity of US housing supply
BankUnderground
FEBRUARY 25, 2020
In a new paper , we use a rich US dataset and novel identification method to show that supply elasticities vary across cities and across time. This new lower elasticity means US house prices should be more sensitive to changes in demand than before the crisis. The 1996-2006 boom vs the 2012-2017 recovery.
US 52
52 
Technology Innovation Comes To Regulation
PYMNTS
MAY 18, 2016
Increased regulation typically brings increased consumer protection, but it can often stifle innovation especially within the Financial Technology, or FinTech, sector. If you think understanding regulatory requirements is complicated and complex in one region, try 45+ countries and jurisdictions.
Innovation 100
100 
Data Dive: And The Winner Is Edition — SMBs Worldwide, DoorDash And Gun Regulation
PYMNTS
MARCH 5, 2018
By offering QR-based digital payments, smaller retailers can achieve these goals and create greater customer stickiness with little to no investment beyond the phone they already have,” said Jorn Lambert, EVP, Digital Channels and Regions, Mastercard. It doesn’t really change anything for us. In spring 2018, participating U.S.
Regulation 108
108 
First New Community Bank In Decades Headed To US Market
PYMNTS
JANUARY 31, 2019
The bank is one of several newly proposed community banks in the region, with goals of disrupting the financial services landscape, including business and corporate banking. is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C.
Community Bank 122
122 
JP Morgan: Treasury Innovations Accelerate Digital Transformation
PYMNTS
NOVEMBER 12, 2020
Morgan , the successful treasury transformation in the Asia Pacific region hinges on digitization — and not simply electronification. Quite often, we think about digitization and we use that as a proxy for simple electronification,” Kanthadai told Karen Webster in an interview.
Innovation 295
295 Earthport Named By BNP Paribas To Provide ACH Cross-Border Payment Services
PYMNTS
OCTOBER 11, 2018
The company said its bank-grade compliance and regulation expertise also reinforces BNP Paribas’ existing risk and compliance framework, which enables BNP to provide services to new regions quickly and easily, in line with customer requirements. .
Payments 189
189 
Bonds were seen as a safe haven – but they are central to this bank crisis | Toby Nangle
TheGuardian
MARCH 20, 2023
Two regional US banks have gone to the wall, central banks on both sides of the Atlantic have been forced to provide hundreds of billions of dollars in emergency lending to shore up the financial system, and the Swiss financial group Credit Suisse has been ignominiously absorbed into the larger UBS at the behest of its regulator.
Regional 49
49 
How Outdoorsy Is Balancing Buyer, Seller Payments In The RV World
PYMNTS
DECEMBER 12, 2019
Players in the sharing economy must contend with an increasingly complex online payments ecosystem as they move into new regions and attract participants to their platforms. Fraud, Payment Regulations Are Affecting Seamless Payments. International consumers’ payment preferences are relatively similar, but local regulations are not.
Payments 137
137 
US Finance Crimes Org Calls For Private Sector Innovation
PYMNTS
MAY 24, 2019
“Technology demonstrations should highlight how these innovations work and how financial institutions might use them. metro area, as well as some regional events that focus on financial services-related innovation.”. FinCEN expects to hold events in the Washington, D.C.
Innovation 124
124 
US Dept. Of Commerce Pegs China As 2017 FinTech Leader
PYMNTS
AUGUST 2, 2016
Department of Commerce’s International Trade Administration said in its “ 2016 Top Markets Report Financial Technology ” that Asia will hold sway over other regions. Regulation is also giving a tailwind, said the report, and demographics skew toward younger and higher-income customers, relatively speaking.
Fintech 100
100 Sizzle/Fizzle: AI Soars, Toys R Us Sinks And Start-Ups Struggle
PYMNTS
SEPTEMBER 22, 2017
Toys R Us: Toys Were Us? But we think the winner of the fizzle of the week top spot has some serious consequences for all of us. Better have a very full and robust compliance department and a perfect working knowledge of AML/YC regulations. There was, of course, added pressure from carrying debt to the tune of $5 billion.
US 108
108 
Bitcoin Daily: SEC Official Proposes 3-Year Grace Period For Crypto Projects; Blockchain Live Tracks Coronavirus Spread
PYMNTS
FEBRUARY 7, 2020
The proposed rule would let a token reach a level of decentralization to allow it to pass regulations for the SEC. Finally, Catalonia, which has been fighting with Spain for independence for some time now, is also looking to be digitally independent using Blockchain, according to a report by Coindesk. 6) by Coindesk.
blockchain 158
158 
The US Government’s eInvoice Mandate: Better Late Than Never
PYMNTS
JANUARY 30, 2018
But it’s a significant milestone nonetheless that federal regulators will be required to pay suppliers via eInvoice by the end of fiscal year (FY) 2018, meaning 19 million invoices government agencies pay every year will have to be electronic. Of all the regulatory changes occurring in the U.S. government and governments in other markets.
US 106
106 
A Tale Of Two Payments Regions: UK And Germany
PYMNTS
MAY 10, 2016
But, of course, no two consumers are exactly alike – especially when comparing consumers across different regions of the world. Or as the study showed, once respondents were explained the added benefits of paying via mobile, 24 percent more consumers said they would be open to be using mobile payments, if available to them.
Regional 100
100 Citi’s Treasury Unit Embraces UK Open Banking
PYMNTS
JUNE 5, 2018
. “We see open banking as a significant development in the banking landscape in Europe and increasingly in other regions, as regulators seek to drive competition and innovation in financial services,” said Ireti Samuel-Ogbu, Citi’s head of EMEA payments and receivables, in a statement. “ Open banking in the U.K.
Regulation 162
162 
Let's personalize your content