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. Gojek Debuts POS System for Indonesian Merchants That Accepts Cashless Payments. Plus, Bridgetown Holdings is reportedly thinking about a deal with Tokopedia.

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Technology System social media Payments 240

Perficient

MAY 27, 2022

For those wanting to start their own cryptocurrency fund, it’s important to be well informed about cryptocurrency regulations. Regulatory cryptocurrency regulations are most fluid at the state level. State Regulations. SEC Regulation. Central Bank Digital Currency (CBDC) ).

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

PYMNTS

NOVEMBER 4, 2020

Trade finance is an area of financial services that is notorious for its continued use of paper and legacy systems. Trade finance players, including corporates, banks and regulators, are finally ready to embrace modernization and technology. In such a highly complex and regulated field, change is never easy.

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Regulation Tools Compliance Technology 234

PYMNTS

NOVEMBER 25, 2020

The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. Regulators and lawmakers, however, can latch onto digital currency efforts as they must monitor and also supervise such stablecoins. In a paper that debuted Tuesday (Nov.

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Regulation Bitcoin Cleveland Study 231

PYMNTS

JANUARY 12, 2020

Wells Fargo is striving to revamp its approach to technology to ensure systems stay online, satisfy regulators and block cybercriminals, the Wall Street Journal (WSJ) reported on Saturday (Jan. He said repairing problems pointed out by regulators is his “first priority.”

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System Regulation Resources Meeting 147

PYMNTS

MAY 16, 2020

patent on a computer system that would convert physical dollars and other fiat currencies into digital versions, complete with denominations and serial numbers and recorded via blockchain. The system would then remove the paper currency from circulation. Credit card giant Visa has filed an application for a U.S.

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System blockchain Regional Security 320

PYMNTS

OCTOBER 11, 2018

Mitek Systems , the financial technology provider to banks, is pushing back from a takeover offer from Elliott Management , the hedge fund and ASG Technologies , the software company. It also wants to increase the development of Mitek’s technology that helps banks verify the identities of customers.

System 108

System Technology Management Montana 108

Abrigo

AUGUST 27, 2020

Regulators have determined there are five top hot topics that institutions should expect during their next exam. Early communication with your regulator is key to understanding the struggles and successes of managing a BSA/AML program during a global pandemic. Tap into technology to help prevent and detect financial crime.

Regulation 195

Regulation Fraud Compliance Lending 195

Abrigo

JUNE 9, 2020

Technology has enabled financial institutions to operate more quickly and efficiently, creating a better experience for customers. Rather than spending time tracking down the latest state or federal regulations, a loan documentation solution stays up-to-date on all regulatory deadlines. Learn more.

Technology 195

Technology Lending Compliance Data 195

Abrigo

AUGUST 27, 2020

Regulators have determined there are five top hot topics that institutions should expect during their next exam. Early communication with your regulator is key to understanding the struggles and successes of managing a BSA/AML program during a global pandemic. Tap into technology to help prevent and detect financial crime.

Regulation 195

Regulation Fraud Compliance Trends 195

Cisco

NOVEMBER 1, 2022

In 2017, New York Department of Financial Services (NYDFS) passed cybersecurity regulation 23 NYCRR 500, requiring all financial services companies to implement multi-factor authentication (MFA). According to the NYDFS cybersecurity regulations, there are common MFA violations that have occurred across financial service organizations.

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Regulation Security System New York 124

CFPB Monitor

NOVEMBER 9, 2022

On November 9, 2022, New York Department of Financial Services (NYDFS) Superintendent Adrienne Harris announced that the NYDFS formally proposed an updated cybersecurity regulation. The proposed regulations would create three different tiers of companies based on their size, operations, and nature of their businesses.

Regulation 78

Regulation Compliance New York Training 78

Perficient

APRIL 2, 2021

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. AI technologies, such as voice recognition and natural language processing (NLP), are being used to improve customer experience and to gain operational efficiencies. Personalization of Customer Services.

Regulation 309

Regulation Industry Risk Management Analysis 309

PYMNTS

SEPTEMBER 23, 2020

The September Preventing Financial Crimes Playbook explores the latest financial crime developments, including the growing threat of identity fraud, the onboarding and artificial intelligence (AI) systems used to curb it and how the COVID-19 pandemic is effecting fraud techniques as well as financial crime prevention efforts. billion ($8.9

Technology 208

Technology Report Fraud Study 208

PYMNTS

DECEMBER 4, 2020

4), Dutch antitrust regulators have been looking at the company – specifically into Apple’s Pay’s near-field communications (NFC) operability. NFC is the technology that enables the wireless transfer of data that in turn lets users make contactless payments, among other activities. As reported by Bloomberg on Friday (Dec.

Regulation 150

Regulation Apple Google Software 150

PYMNTS

MARCH 17, 2019

The People’s Bank of China (PBOC) announced that it is planning to steadily develop a system of rules to regulate financial technology (FinTech) in the country. However, while the technology is fine, the financial services (FinServ) offerings concern the president of Chinese financial investment platform Phoenix Finance.

Regulation 192

Regulation Fintech Phoenix Risk Management 192

PYMNTS

JANUARY 9, 2019

Many carmakers have softened their stances on driverless technology because they’re not sure if the tech is quite ready for the mainstream. The problem is that regulators are worried about the legality of such a system, because the nuances of whether it can work in an emergency are questionable.

Technology 175

Technology Las Vegas Regulation Groups 175

Abrigo

AUGUST 19, 2020

How can your transaction monitoring system detect trending COVID-19 related fraud? Whether or not your monitoring system includes a separate fraud suite, your anti-money laundering (AML) system has always detected fraud, either in the form of elder financial exploitation or other fraud typologies. Loan Origination System.

Fraud 195

Fraud System Trends Software 195

PYMNTS

DECEMBER 16, 2019

NPCI, the payment regulator governed by the Reserve Bank of India (RBI), launched real-time payments in 2016. First, UPI is an interbank transfer system. … Second, it is a real-time system. The system in India was quickly and widely adopted, and jumped from 100,000 monthly transactions three years ago to 1.15

Google 144

Google System Payments Study 144

Perficient

FEBRUARY 4, 2021

Technology maturity, opportunity cost, fast-changing regulations, delays, failed POCs, and more are roadblocks an experienced partner can help guide you through. Perficient’s Primary Functionality Lies in System Integration Services. Perficient’s Approach to AI as a Systems Integrator.

System 531

System Data Analytics Resources 531

PYMNTS

OCTOBER 19, 2018

Following the proposal of a payments regulator to be established independent of the Reserve Bank of India (RBI), the central bank has put forward a public objection. Regulation of the payment system by the central bank is the dominant international model for stability consideration,” the central bank said in a note on Friday (Oct.

Regulation 172

Regulation Payments Guidelines System 172

Abrigo

AUGUST 19, 2020

Embrace technology to help your department and institution successfully shift to remote work. How can your transaction monitoring system detect trending COVID-19 related fraud? Tap into technology to help prevent and detect financial crime. BSA Rules and Regulation. BSA Rules and Regulation. Learn more. Card Fraud.

Fraud 195

Fraud System Trends Software 195

PYMNTS

NOVEMBER 16, 2020

The European Central Bank (ECB) has plans to independently investigate an incident that affected its TARGET2 real-time gross settlement system on Oct. 23 this year, which resulted in a near 10-hour outage, according to a press release.

System 217

System Payments Operations Software 217

PYMNTS

OCTOBER 19, 2020

How Cloud Systems Accelerate And Secure Cross-border Payments. New cloud-based technologies have shown much promise in securing cross-border payments and making them faster and more transparent. The nature of international commerce regulations means that cross-border payments will almost always be more complicated than domestic ones.

Technology 193

Technology Payments Security Survey 193

PYMNTS

OCTOBER 28, 2020

"What I enjoy most is helping our customers thrive in this rapidly changing world and helping them realize their vision in a way that simplifies the adoption of new technology — capabilities that can unleash their innovation in the digital economy," said Craig Muzilla, senior vice president of Red Hat. A Permanent Shift for Payments.

Technology 182

Technology United States Innovation Video 182

PYMNTS

APRIL 16, 2019

Recently, some developers in the IoT space have been exploring the use of blockchain technology to secure connected devices, and bring transparency to transactions and data collection. Another recently introduced piece of legislation aims to protect individuals by regulating facial-recognition cameras. Meanwhile, the U.S.

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Regulation Data Nevada blockchain 204

PYMNTS

MAY 16, 2019

Jack Ma, the Chinese billionaire and founder of Alibaba, expressed concerns technology companies will be harmed by increased regulation coming out of Europe. With lawmakers and regulators around the world clamping down on technology companies, the European Union has become one of the fiercest critics of tech companies.

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Regulation Innovation Guidelines Conference 166

Insights on Business

JUNE 18, 2019

In this series of blogs, we will focus on four transformative technologies with emerging risk applications that can help banks and financial institutions grow profitability and protect the enterprise. Each technology is at the start of an enormous adoption growth curve, and has been the subject of intense discussion.

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Risk Management Technology Management Big Data 185

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

PYMNTS

AUGUST 6, 2020

These payment options consist of cloud-based software systems that connect international payment protocols via application programming interfaces (APIs), with revenues typically coming from subscription fees or per-transaction surcharges. The payments-as-a-service (PaaS) industry is projected to reach $16.7 About The Tracker.

Regulation 245

Regulation Payments Innovation Fintech 245

PYMNTS

DECEMBER 9, 2020

And new regulations are taking root or are on the horizon to help protect consumers, their data and how that data might be used. But Joe Bloemendaal , digital strategist with Mitek Systems , told PYMNTS in a recent interview that companies can prepare for regulatory changes in ways that build trust and even lead to new revenue streams.

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Regulation Security Data Course 234

PYMNTS

AUGUST 2, 2019

banking system. The Feds focused on Amazon’s resiliency and backup systems, some of the people said, describing the visit as the first of what is expected to be ongoing oversight of the tech giant. Regulators’ influence over non-banks is limited, and banks are left to vet their own vendors.

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Regulation Virginia Google Capital 144

PYMNTS

JANUARY 14, 2021

Bitcoin is about to get even more scrutiny by regulators, on a global stage. As reported by Reuters this week, Lagarde said at a conference sponsored by the newswire that bitcoin should be regulated — worldwide. She went on to say that “there has to be regulation. She pointed to the crypto’s use in criminal activity.

Bitcoin 152

Bitcoin Regulation Tools cryptocurrency 152

Perficient

JUNE 1, 2022

So far in our 6-part blog series explaining the intricacies of TRACE, we have defined TRACE reporting, detailed the prep work to be done in order to effectively report TRACE transactions , and reviewed considerations for alternative trading systems. by programming systems to delay reporting until the end of the reporting period.

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Report Security Regulation System 294

PYMNTS

APRIL 29, 2020

As he told Webster, “in many mature markets, the responses of most of these institutions have been fast and consistent, with business continuity plans established under the supervision of regulators.”. He added that “some players who were already advanced in their technology journeys are able to use cloud resources to scale quickly.

Technology 142

Technology System Meeting Resources 142

PYMNTS

DECEMBER 11, 2018

According to a report in CNBC , citing the report published by the ACCC, the government watchdog listed a series of remedies, which include creating a government agency that would be tasked with regulating how the likes of Facebook and Google publish news on their platforms.

Google 148

Google Regulation Taxes Analysis 148

The Paypers

OCTOBER 27, 2021

UK-based digital identity verification platform Shufti Pro has partnered with Open Systems Technologies to help financial institutions in mitigate identity fraud while in line with AML/KYC regulations.

System 39

System Technology Fraud Regulation 39