Abrigo

JULY 13, 2023

Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. Pig butchering scams originated in Southeast Asia and have escalated significantly in the United States. billion in fraud losses in 2022.

Fraud 195

Fraud cryptocurrency Training social media 195

PYMNTS

APRIL 12, 2018

Simpson, Consumer Watchdog’s privacy and technology project director. The organization added that Facebook, which must obey the new General Data Protection Regulation (GDPR) in Europe when it goes into effect in May, should also abide by those same protections in the United States.

Regulation 101

Regulation social media United States Online 101

PYMNTS

NOVEMBER 3, 2020

The card will roll out in the United States and expand to further places at a later time. On another note, the government in Hong Kong is looking to modify the regulations for digital currency trading companies running or providing offerings in the area in the city, Coindesk reported.

blockchain 167

blockchain Bitcoin Cards United States 167

PYMNTS

DECEMBER 8, 2020

A recent survey of the 20 largest United States financial institutions (FIs) found that 20 percent still force customers to complete onboarding by visiting bank branches or speaking on the phone, with full online sign-up not allowed. Capital Float On Using Video-Based KYC To Boost Onboarding, Satisfy Regulators.

Video 211

Video Report Meeting United States 211

PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations.

United States 174

United States Regulation cryptocurrency Cleveland 174

PYMNTS

SEPTEMBER 29, 2017

The EU’s PI licensing requirements are especially stringent, with strict requirements on PI infrastructure, shareholder qualifications, Know Your Customer (KYC) and AML policies and information security programs. To date, only 10 companies have obtained the license in Luxembourg.

Security 129

Security Payments Fintech United States 129

PYMNTS

JUNE 29, 2020

Securities and Exchange Commission (SEC). Our platform utilizes proprietary technology, machine-learning capabilities, data, efficient business processes, and highly skilled and trained licensed agents, or agents, to connect consumers with health insurance carriers, or carriers, through multiple channels,” the company said in its filing.

United States 224

United States Comparison Training Analytics 224

PYMNTS

MAY 21, 2020

As politicians across the globe grapple with the pandemic’s continued economic fallout and the need to get stimulus funds to individuals, corporations and even local governments with speed and security, digital delivery of those dollars is likely to gain increasing traction. As reported in this space last month, the efforts are still nascent.

United States 244

United States Regional cryptocurrency Retail 244

PYMNTS

AUGUST 3, 2018

Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves players with only those two stark choices, according to Bruce Parker, founder and CEO of Modo , which describes itself as a “cloud-based utility” that enables payment system interoperability.

Fintech 115

Fintech United States Regulation Innovation 115

PYMNTS

APRIL 24, 2020

The show cause orders reportedly discussed the “sophistication and resulting damage of the Chinese government’s involvement in computer intrusions and attacks against the United States.” The orders, however, did not provide further detail, according to the report. The FCC provided approvals to the companies over 10 years ago.

United States 141

United States America Security Operations 141

PYMNTS

NOVEMBER 6, 2017

The Social Security number (SSN) was never meant to get this much attention. In a wide-ranging discussion, Socure CEO Sunil Madhu and PYMNTS’ Karen Webster discussed the brave new world of identity security and verification, and what those terms mean when it should be assumed that all of your data has been compromised. Think again.

Security 109

Security Data Fraud Regulation 109

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

Regulation Regional Data United States 188

PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

US 227

US Cyber Security Security National 227

PYMNTS

DECEMBER 17, 2020

Australian buy now, pay later (BNPL) company Openpay has officially rolled out in the United States. Openpay also works in the United Kingdom, New Zealand and Australia. WeDoctor's listing surfaces as Chinese regulators reportedly clamp down on web firms. BNPL Provider Openpay Launches In US.

Fintech 142

Fintech US Payments United States 142

PYMNTS

APRIL 2, 2019

The United States, with quick moves by government officials and telecommunications carriers, has moved to the front of the global 5G race, according to reports. Governments around the world are hurrying to deploy the technology, which is considered the next generation of wireless network standards. and none in China.

US 160

US Policies United States Leadership 160

PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank client preferences have moved toward self-service technologies over branch visits in recent years because of ease of use and improved convenience. FICO’s Take on Debit Security.

Cards 131

Cards Technology social media Meeting 131

Abrigo

NOVEMBER 17, 2023

In assessing the true cost of fraud, Gartner, the respected technological research and consulting firm, has coined three distinct pillars of fraud costs. The race against fraudsters involves a continuous outlay of cutting-edge technologies designed to safeguard against intrusion and theft.

Fraud 195

Fraud Training Trends Compliance 195

PYMNTS

NOVEMBER 1, 2019

The United States government is investigating China-based ByteDance Technology , the company that owns popular video app TikTok , according to Reuters. While we cannot comment on ongoing regulatory processes, TikTok has made clear that we have no higher priority than earning the trust of users and regulators in the U.S.,”

US 100

US United States social media Video 100

PYMNTS

AUGUST 18, 2019

This approval demonstrates New York’s competitiveness as a hub of innovation and leadership in emerging technologies.”. This now enables us to offer institutional-grade custody via the Bakkt Warehouse alongside the federally regulated Bakkttm Bitcoin Futures contracts.”. 16) in a press release.

Bitcoin 165

Bitcoin New York United States Leadership 165

PYMNTS

MAY 22, 2019

Amazon’s technology, called Rekognition , has been under scrutiny as critics of the service have warned of false arrests and incorrect matches. The technology has been used by law enforcement in Oregon and Florida. Securities and Exchange Commission. It has also added a web portal for people to report abuse.

Oregon 148

Oregon United States Florida Washington 148

PYMNTS

MARCH 12, 2019

Any security mishap can send customers to one of the other digital banking apps that are ready and waiting for them. In the new Digital Banking Tracker , PYMNTS examines the ways digital banking is changing as security measures grow more stringent, and challenger banks look to amass more customers. Around the Digital Banking World.

Digital Banking 209

Digital Banking Fraud United States Security 209

Abrigo

SEPTEMBER 20, 2023

Given the current economic climate in the United States, it is essential to understand the effect personal financial security has on 1 st -party fraud. And those same economic factors might lead financial institutions to curtail vital investments like anti-fraud technologies, making themselves more vulnerable.

Fraud 195

Fraud Trends Cards Software 195

PYMNTS

NOVEMBER 18, 2018

A Chinese company that develops facial recognition technology could be facing a ban in the U.S. As a result, the United Stated has banned government agencies from buying Hikvision products, and now there are rumblings that the company might be facing a ban on on importing U.S.-made made components. Still, a ban from the U.S.

US 188

US United States Video Regional 188

Abrigo

FEBRUARY 8, 2022

Takeaway 2 NBFIs should ensure their AML programs are sound and pass the scrutiny of FinCEN and their primary regulators. Takeaway 3 The FinCEN Priorities specifically state that each priority applies to NBFIs in addition to traditional financial institutions. . Stay up to date on regulations affecting NBFIs and other BSA trends.

Compliance 195

Compliance Training Regulation Fraud 195

PYMNTS

OCTOBER 10, 2019

Many want more options and control when it comes to their security. percent of customers agreed that mobile transactions would be more secure if the consumers themselves had more control over their authentication options. Regulators as well as banks are searching for ways to keep launderers and other fraudsters out of online banking.

Fraud 126

Fraud Digital Banking Strategy Security 126

PYMNTS

SEPTEMBER 4, 2018

Or will cards with cutting-edge technology win more loyalty from shoppers? Such questions are addressed in a new PYMNTS story that features an interview with Sebastien Clamagirand, general manager of secure payment and identity at NXP Semiconductors. Indeed, new payment regulations seem to be pushing payment cards toward the future.

Cards 110

Cards Payments United States Maine 110

Abrigo

FEBRUARY 27, 2020

Our Transparent AI is easy to explain to regulators. . The Financial Crimes Enforcement Network (FinCEN), along with the Federal Banking Agencies, released a joint statement in December 2018 emphasizing financial institutions’ need to embrace technology to strengthen their BSA/AML programs.

Innovation 195

Innovation Software United States Compliance 195

PYMNTS

MAY 14, 2018

The rule, of course, amended Bank Secrecy Act regulations in ways that seek to enhance transparency in reporting of ownership of legal entities. Additionally, in the United States, a labor battle at the CFPB may loom. And yet, as reported this past week, the regulators may not be up to doing the regulating.

United States 102

United States Regulation Report Course 102

CFPB Monitor

JULY 14, 2022

According to its press release , the Order outlines “the first ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology.” Protection of United States and global financial stability and the mitigation of systemic risk; c.

United States 78

United States Leadership Policies Regulation 78

PYMNTS

JUNE 26, 2019

Parents who use the app are also more secure should they become involved in a dispute that warrants judicial intervention, as the app keeps a comprehensive record of users’ messages, payments and other information – all of which are admissible in court. Expansion Plans. People are getting divorced all over world,” she said.

Management 104

Management Technology Mobile United States 104

CFPB Monitor

JULY 6, 2021

The Priorities purport to identify and describe the most significant AML/CFT threats facing the United States. Indeed, the regulated industry has been pushing for years for greater feedback and guidance from regulators and law enforcement on the usefulness of BSA filings. technology and trade secrets.

United States 78

United States Fraud Regulation Compliance 78

PYMNTS

SEPTEMBER 25, 2018

A report by the Bank for International Settlements (BIS) found that when it comes to credit done through nascent technological platforms, boons and risks are afoot. Against that backdrop, said Barron’s, “the perils of extremely risky peer-to-peer lending products being marketed as deposit-like securities became clear.”.

Fintech 172

Fintech Lending United States Regulation 172

PYMNTS

SEPTEMBER 16, 2020

But when it comes to highly regulated sectors, like financial services, that’s much more rigorous because there are many more regulations in place.”. Advanced technologies like machine reasoning can boost confidence ratings for online transactions. A Pragmatic Approach.

Online 263

Online United States Regulation Fraud 263

Gonzobanker

AUGUST 24, 2023

This decade-long crisis touches banks’ products, technologies, people, processes and the political climate. Rising interest rates depress the value of low-rate securities and loans. Banks had more than $500 billion in unrealized losses on their securities at the end of March. In an article titled Is the Banking Crisis Over?

Innovation 148

Innovation United States Industry Technology 148

PYMNTS

FEBRUARY 24, 2020

In Europe, the continued evolution of data policies and regulation now point toward a single market across the Continent. There is also a proposal for getting rid of EU regulations against anti-competitive data sharing. “We We see some platforms as gatekeepers, that is not what we want for our internal market,” Breton said.

Data 130

Data Marketing Taxes Regulation 130

PYMNTS

MAY 27, 2020

CU branches across the United States have temporarily closed to help slow the spread of contagion, forcing CUs to find new ways to engage with their members via connected technologies, from mobile devices to laptops and especially ATMs. Developments From Around The CU Ecosystem. About The Tracker.

ATM 243

ATM Innovation Meeting United States 243

Abrigo

JUNE 23, 2020

As most operations have shifted to a digital-first world due to the coronavirus pandemic, institutions have had to adjust and adapt new technologies to stay competitive and thrive during these times. Over 2,000 financial institutions are hosted in the ADC, which is independently owned by Abrigo and housed in the United States.

Software 195

Software Community Fraud Resources 195