PYMNTS

DECEMBER 16, 2020

In today’s top payments news around the world, IBM has bought Canada-based Expertus Technologies, while Gojek is rolling out its new GoBiz Plus point-of-sale (POS) offering. The technology, which is a collaboration with PT Bank Central Asia, functions as a supplement to the GoBiz retailer super app.

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Technology System social media Payments 240

PYMNTS

FEBRUARY 18, 2019

Facebook , which has been under fire for months over data scandals, expressed openness to new regulation. According to a report in Reuters citing Facebook’s public policy manager Karim Palant, the executive said the social media giant is “open to meaningful regulation.” Google in 2012 paid $22.5 Google in 2012 paid $22.5

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Regulation social media Company Google 134

Perficient

JULY 10, 2023

But, as one of the most regulated and notoriously untrusted industries, the financial services industry is among the most vulnerable to being impacted by negative digital media, driving up its vulnerability to reputational risk. Reputational risk is convoluted.

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PYMNTS

APRIL 10, 2020

“I think one of the largest reasons [insurers are still using checks] is because claim payments, the paying out of a claim, is [a] loss of money, and it is really hard for companies to focus or invest resources in a place in which you are losing money already,” Michele Schmitt, senior product manager for B2B insurance technology firm Tr?v

Mobile 198

Mobile Technology social media Customer Experience 198

PYMNTS

OCTOBER 16, 2020

Facebook’s Ireland and United Kingdom unit has agreed to change the way Instagram works to “make it much harder for people to post an (advertisement) on Instagram without labelling it as such,” Britain’s top antitrust regulator announced Friday (Oct.

social media 212

social media Branding Guidelines Regulation 212

PYMNTS

MARCH 31, 2019

Facebook CEO Mark Zuckerberg wrote an opinion piece in The Washington Post calling on regulators to take a “more active role” in making rules for how to police the internet, according to reports. “By Federal Trade Commission is gearing up to hold talks with state attorneys general about Facebook and Google ’s position in the technology space.

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PYMNTS

DECEMBER 3, 2020

regulators are eyeing complaints that Facebook is muscling out the competition in the virtual reality area, as more than 40 states gear up to file an antitrust lawsuit against the company next week. 3) that virtual reality startups are accusing Facebook of muscling out the competition in that up-and-coming technology.

Regulation 141

Regulation New York social media Apple 141

PYMNTS

SEPTEMBER 30, 2020

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. The pandemic is dramatically altering how merchants can transact, which data they can store and where they can store it, however.

Regulation 175

Regulation Data Regional Examples 175

PYMNTS

AUGUST 23, 2018

The Chinese government has a complicated relationship with cryptocurrency: While it seems to be enthusiastic about the applications of blockchain technology, the country has banned initial coin offerings (ICOs) and blocked crypto trading sites. Why WeChat? billion fund focused on the blockchain.

social media 100

social media cryptocurrency blockchain Technology 100

PYMNTS

MAY 16, 2019

Across the European Union (EU), technology providers and social media platforms are increasingly playing a bigger role in the Open Banking ecosystem. At the same time, however, many players, like Facebook and Google , are squaring off against regulators that are looking at their data and payment policies with more scrutiny.

social media 161

social media Compliance Innovation Data 161

Gonzobanker

JULY 13, 2023

Vendors need to be able to explain their AI technology to bankers in layman’s terms “An algorithm is what software engineers call something when they don’t want to explain what they did.” — Modern Adage Every vendor these days is talking about how their software has magical “AI” algorithms in it.

Technology 78

Technology Software social media Fraud 78

Abrigo

JANUARY 4, 2023

banking regulators recently warned financial institutions that dealing with cryptocurrency exposes them to an array of risks. Social media scams: The FTC reports that half of those who have reported crypto losses since 2021 said the scam began with an ad, post, or message on social media. Stay in the know.

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PYMNTS

DECEMBER 12, 2019

The China Securities Regulatory Commission , China’s security watchdog, is setting up a technology regulation bureau and will announce Yao Qian as its new department chief, the Chinese business publication Caijing said on Wednesday (Dec. 11), as reported by Coindesk.

Bitcoin 131

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Bussman Advisory

MARCH 10, 2023

The post Silicon Valley Bank is shut down by regulators | Meta exploring a new social network that could compete with Twitter | WealthTech Radar 2023 appeared first on Bussmann Advisory AG. We offer advisory services for the executive team and in-person or virtual courses with tailored topics.

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PYMNTS

JULY 17, 2020

Facebook Inc’s top executives could be required to testify before the Federal Trade Commission (FTC) as the regulator investigates whether the California-based social media conglomerate has violated U.S. antitrust laws, sources told The Wall Street Journal. billion global users. states and the DOJ.

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social media California Google Apple 160

TheGuardian

MARCH 17, 2023

Those companies include crypto outfits and venture capital firms typically opposed to the kind of government intervention they benefited from on Sunday, when regulators moved to guarantee SVB customers immediate access to their largely uninsured deposits. Continue reading.

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PYMNTS

SEPTEMBER 23, 2019

Advanced technology is increasingly raising the stakes of how CUs should operate, with members coming to expect the instant payments and slick mobile interfaces that large banks and FinTechs have made standard. Deep Dive: How CUs Leverage Social Media. Credit unions (CUs) are facing an ever-shifting financial services landscape.

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PYMNTS

OCTOBER 4, 2020

Facebook bought Instagram, the photo- and video-sharing social networking service, in 2012 for $1 billion and WhatsApp, the cross-platform messaging service, in 2014 for $19 billion. Other technology giants including Google , Amazon and Apple are also facing probes. There is no ‘it’s too hard’ defense,’” Wu told WSJ.

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Abrigo

JULY 13, 2023

A scam usually begins with online contact via social media or dating apps. Crafty scammers exploit weaknesses in fraud and anti-money laundering (AML) compliance programs such as outdated technology, human error, or inadequate monitoring systems. Navigate your BSA exam with tips from this on-demand webinar.

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PYMNTS

DECEMBER 15, 2019

In other news, Sweden’s Riksbank has put into place the public procurement of a supplier of technology to the eKrona pilot project and intends to make an agreement with Accenture, according to an announcement. The main goal of the project is to widen the bank’s understanding of the eKrona’s technological potential.

Bitcoin 133

Bitcoin blockchain Regulation social media 133

PYMNTS

JUNE 20, 2019

Unlike social media … the terms of engagement for innovations such as Libra must be adopted in advance of any launch.”. One thing he wants to do right away is to enhance the coordination between financial regulators in the country. “To separates from the European Union. To remain a dominant player we in the U.K.

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Regulation social media cryptocurrency Capital 116

PYMNTS

DECEMBER 16, 2020

The December Mobile Order-Ahead Tracker ® explores the latest digital ordering developments, including how restaurants can apply the lessons they have learned in 2020 to the post-pandemic world, the tools and technologies used to fight fraud, and fraudsters’ latest schemes to make off with customers’ cash, rewards points and valuable personal data.

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Fraud social media Mobile Trends 310

PYMNTS

JANUARY 3, 2019

You can be sure that one area of regression involves social media. New research, in fact, supports that idea — specifically, the high value that consumers attach to Facebook , and the high cost it would take to make them leave the social media platform. But that doesn’t mean consumers plan to leave Facebook anytime soon.

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social media Study San Francisco Data 186

PYMNTS

DECEMBER 13, 2018

Recently, though, many CUs have turned to technology-driven solutions to help members more efficiently communicate their needs and feedback. CUs are also actively communicating with law enforcement agencies, keeping regulators informed about suspicious activity, while receiving tips on noticeable trends that these same agencies are eyeing.

Regulation 135

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Abrigo

JULY 10, 2023

An example of a rising AI fraud scheme is using voice-to-text technology, such as Microsoft’s new Vall-E Text-to-Speech System. This technology can convert written words into speech that sounds like a recorded person using only three seconds of a voice recording.

Fraud 150

Fraud How To social media Security 150

PYMNTS

OCTOBER 14, 2019

Since the social media giant revealed its plans for Libra earlier this year, politicians, officials and regulators have all expressed concerns about the project, and how it can lead to financial instability, as well as be used for money laundering.

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social media cryptocurrency Regulation Policies 124

PYMNTS

APRIL 12, 2018

Simpson, Consumer Watchdog’s privacy and technology project director. Consumer Watchdog pointed out that Facebook’s latest breach violates its 2011 consent decree with the FTC, adding that the social media giant should be fined. On Tuesday (April 10), Senators Edward J. The past 14 years have proven this,” said Simpson.

Regulation 101

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PYMNTS

FEBRUARY 11, 2019

According to a report in Reuters , the panel is summoning Dorsey after he failed to attend a hearing in the country looking at the rights of citizens on social media. As a result, the parliamentary committee on information technology made the move to summon him to appear on February 25. “We companies operating in the country.

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social media Policies Conference Regulation 115

PYMNTS

NOVEMBER 21, 2019

President Barack Obama is concerned about the impact technology can have on society. “’Big, disruptive’ information technologies can sometimes be ‘dangerous,’” Obama said during a talk with Salesforce CEO Marc Benioff. He also believes that technology, in general, can overwhelm people — even the former First Lady.

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social media New York Technology Google 204

PYMNTS

MARCH 18, 2019

Facebook ’s stock was under pressure Friday (March 15), reaching its lowest point in three months after it announced Chris Cox, chief product officer, is leaving the social media giant. In a research report late last week JPMorgan said Cox played a critical role in creating the social media giant’s mission, value and culture.

social media 100

social media Google Strategy Report 100

PYMNTS

JANUARY 30, 2019

Pinterest , the social media operator that is gearing up to launch an initial public offering, has tapped Goldman Sachs and JPMorgan. Pinterest has been able to avoid all the controversy swirling around the other social media companies. According to the report, Pinterest may be able to raise roughly $1.5

social media 122

social media Tools Examples Regulation 122

PYMNTS

NOVEMBER 24, 2020

Everyone who is doing prepaid processing today claims that they can do credit,” he said — but when you dig deeper into the requirements of a credit-processing system and associated regulations, it’s a very different product than prepaid or debit. All About Mobile. But while some might think the mobile banking innovation trend is a U.S.-dominated

Mobile 310

Mobile social media Fintech Innovation 310

Bussman Advisory

JULY 29, 2022

The post US regulator raises concerns over Apple’s foray into short-term lending | Barclays takes stake in crypto firm Copper | Jack Ma to give up control of Ant appeared first on Bussmann Advisory AG. We offer advisory services for the executive team and in-person or virtual courses with tailored topics.

Lending 52

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Bussman Advisory

FEBRUARY 10, 2022

regulators tell banks to prepare for Russian cyberattack threat. regulators tell banks to prepare for Russian cyberattack appeared first on Bussmann Advisory AG. BlackRock planning to offer crypto trading European, U.S. We offer advisory services for the executive team and in-person or virtual courses with tailored topics.

Regulation 52

Regulation social media Fintech blockchain 52

Bussman Advisory

JUNE 30, 2022

The post Most prominent crypto hedge fund just defaulted on a $670m loan | EU agrees on crypto landmark regulation | The war for tech talents is only beginning appeared first on Bussmann Advisory AG. We offer advisory services for the executive team and in-person or virtual courses with tailored topics.

Regulation 52

Regulation social media Fintech blockchain 52

PYMNTS

JUNE 10, 2020

EU authorities can fine companies for violations under the General Data Protection Regulation (GDPR). The New York-based technology company makes the software that allows users to search the internet for photos and uses facial recognition to identify potential suspects. Authorities said there are concerns about potential misuse.

Policies 253

Policies Data social media Video 253

PYMNTS

APRIL 22, 2016

Financial Times reported on Thursday (April 21) that a number of agencies in the country, led by the People’s Bank of China, have gathered together and approved a framework for addressing the less stable (and possibly less ethical) corners of the technology-driven financial realm.

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