PYMNTS

APRIL 2, 2019

Securities and Exchange Commission ( SEC ) is joining the ranks of large organizations hiring for the blockchain, The Next Web reported. The listing notes that the specialist should apply his or her knowledge of “federal securities laws to digital asset securities and crypto matters.”

Bitcoin 108

Bitcoin Regulation cryptocurrency blockchain 108

CFPB Monitor

NOVEMBER 8, 2021

The California Department of Financial Protection and Innovation has published a fourth round of modifications to implement SB 1235 , the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances.

CA 78

CA Regulation California Compliance 78

PYMNTS

NOVEMBER 10, 2020

The announcement did not specify the regulations, but it did note that the approach will ensure that the CBDC meets “the same minimum standards we expect of other payment methods.”. Regulators are slow, and there’s a reason we’re slow,” she said, speaking at CoinDesk ’s Bitcoin for Advisors event. “We

cryptocurrency 167

cryptocurrency Regulation Bitcoin Colorado 167

CFPB Monitor

AUGUST 12, 2021

SB 1235 requires the DFPI to issue regulations implementing the specific requirements of the disclosures that must be given to recipients. Compliance with the new disclosure requirements is not required until the DFPI’s final regulations become effective. Modifications to the proposal were issued in April 2021.

CA 78

CA Regulation California New York 78

PYMNTS

OCTOBER 29, 2018

As a result of the passage and adoption of open banking regulations, like PSD2 in Europe, banks and other financial firms are sharing data more freely than ever before. The risk of attack can be mitigated by following a sound API architectural approach, one that integrates security requirements and tools into the API itself.

Security 192

Security Fraud Tools Data 192

PYMNTS

JANUARY 20, 2020

regulators have levied $126 million in fines for data violations since mid-2018, Google CEO Sundar Pichai calls for international cooperation in artificial intelligence (AI) governance and U.K. UK Regulators’ Data Violations Fines Top $126.5M. Regulators in the U.K. Regulators in the U.K.

Google 130

Google Regulation Data Boston 130

PYMNTS

JULY 24, 2019

billion IoT devices by 2025, up from 7 billion in 2018. Despite IoT’s popularity, however, security a nd privacy issues continue to make headlines. In the July Intelligence of Things Tracker™ , PYMNTS explores the latest news in IoT, including partnerships, innovations, security risks, and oversight from world governments.

Security 172

Security Regulation Industry Study 172

PYMNTS

JUNE 29, 2020

Open banking is one of the most significant emerging trends in the financial industry, allowing banks and FinTechs to share financial data in a quick, easy and secure manner across a network of platforms. Security Risks Facing Open Banking. Securing Open Banking Systems.

Security 240

Security System Fraud Data 240

PYMNTS

JANUARY 20, 2020

Regulators in the U.K. have levied €114 million ($126 million) in fines for data violations since instituting new stronger privacy mandates in mid-2018, The Financial Times reported on Sunday (Jan. The regulation is enforced by data protection divisions throughout the 28-member European Union.

Regulation 130

Regulation Data Google Report 130

PYMNTS

JANUARY 27, 2020

Regulators are looking into a possible merger between Dean Foods and Dairy Farmers of America (DFA) and its potential antitrust implications for the industry, according to a report by The Wall Street Journal. million in 2018. In November, the two entities announced they were looking into making a deal with each other.

Regulation 151

Regulation Texas America Branding 151

PYMNTS

JUNE 9, 2020

The EU enacted open banking rules in 2018, inspiring regulators worldwide to reconsider how they were transacting funds or transmitting data. The COVID-19 pandemic’s impact on daily business has generated new questions surrounding these initiatives that regulators are now scrambling to answer. and the EU. Australia and Canada.

Regulation 132

Regulation Online California Regional 132

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.” His comments came following calls by lawmakers in the U.K.

Regulation 134

Regulation social media Company Google 134

CFPB Monitor

APRIL 14, 2021

The California Department of Financial Protection and Innovation (DFPI) has issued modifications to its proposed regulations to implement SB 1235, the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances.

CA 78

CA Regulation California New York 78

PYMNTS

DECEMBER 3, 2018

According to a report in the Wall Street Journal citing cyber security specialists, the breach in which the personal information of as many as 500 million customers was exposed began in 2014, going undetected until September of 2018. The hack could hurt Marriott’s reputation at a time when it’s fighting off the likes of Airbnb.

Cyber Security 122

Cyber Security Security Cards Resources 122

TheGuardian

APRIL 13, 2023

Regulator says Carlos Abarca ‘failed to take reasonable steps’ to ensure outsourcing firm was ready to migrate accounts en masse UK regulators have imposed an £81,000 fine on a former TSB information officer over the bank’s IT meltdown in 2018 that left millions of customers locked out of their accounts.

Regulation 66

Regulation Company Data Security 66

PYMNTS

DECEMBER 26, 2018

Akli Adjaoute, CEO of Brighterion , wrote this AI-focused piece as part of our 2018 year-end eBook. . 3, 2018, the U.S. Regulators admit that legacy AML solutions failed and they are encouraging banks to implement newer, more innovative approaches in this area. “As

System 191

System Compliance eBook Examples 191

PYMNTS

MARCH 30, 2018

With fresh concerns about government regulation of cryptocurrency surfacing, Bitcoin and other digital tokens continued the recent declines in value, erasing $550 billion in value for the global cryptocurrency market since the start of 2018.

cryptocurrency 115

cryptocurrency Bitcoin Regulation social media 115

PYMNTS

MAY 13, 2019

Henrik Ramlau-Hansen, the former chair of Denmark’s financial regulator and former Danske Bank finance director, has been charged by Danish economic prosecutors. Ramlau-Hansen chaired the Financial Supervisory Authority in Denmark from 2016 to 2018. He has recused himself from the investigation.

Regulation 139

Regulation Report Capital Marketing 139

PYMNTS

DECEMBER 26, 2018

The following piece was written by Rob Eleveld, CEO of Whitepages Pro , as a contribution to our 2018 year-end eBook. . Payments 2018 was a year of accelerated disruption.

eBook 149

eBook Fraud Data Payments 149

PYMNTS

JULY 10, 2019

s Information Commissioner’s Office (ICO) investigation found that Marriott “failed to undertake sufficient due diligence when it bought Starwood and should also have done more to secure its systems,” according to Business Insider. We deeply regret this incident happened. Marriott generated about $3.6

Regulation 137

Regulation Data Security Meeting 137

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

Bitcoin Fraud Regulation social media 131

PYMNTS

JULY 2, 2018

Despite a regulation crackdown and other issues, investors have continued to fund cryptocurrency startups in 2018, with ICOs raising $11.8 This year’s surge comes as ICOs have faced stricter scrutiny from regulators like the U.S. This year’s surge comes as ICOs have faced stricter scrutiny from regulators like the U.S.

Regulation 101

Regulation cryptocurrency Fraud Analysis 101

PYMNTS

JANUARY 4, 2019

Indian tech startups had a huge year in 2018, but the way the money is being distributed has some experts concerned about the future of the country’s financial ecosystem, according to reports. Early startups were a part of 304 deals in 2018 and raised $916 million. billion in funding – the most ever. In 2017, Indian startups got $10.4

Company 162

Company Taxes Innovation Capital 162

PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. Between 2008 and 2018, approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance. The Cost of Compliance. imposed a full $23.52

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

PYMNTS

NOVEMBER 27, 2018

and Dutch regulators on Tuesday (Nov. This was not only a serious failure of data security on Uber ’s part, but a complete disregard for the customers and drivers whose personal information was stolen,” ICO Director of Investigations Steve Eckersley said in a statement. regulators. Uber was hit with a fine by U.K. Of those, 2.7

Regulation 134

Regulation Data California Security 134

PYMNTS

OCTOBER 7, 2019

Merchants in the European Union (EU) are still wondering exactly what changes the regulation will bring when it comes to their relationships with customers. Regulators in many EU countries have their own thoughts on SCA and how long it will take merchants to prepare. Around the PSD2 and GDPR world. About the Tracker.

Regulation 134

Regulation Trends Compliance National 134

PYMNTS

JANUARY 25, 2019

The General Data Protection Regulation (GDPR), which went into effect May of 2018, has had some serious repercussions on tech companies all over Europe, but especially in the U.K. The latest company to be affected may be food delivery app Deliveroo, according to a report in the Financial Times.

Data 178

Data Security social media Fraud 178

PYMNTS

SEPTEMBER 17, 2020

The site reported that 1,932 BTMs were in the world in December 2017, while there were 4,009 by the close of 2018. There, people need to change a nation's money for cryptocurrency that isn’t regulated by a government or connected with it. But they have grown in popularity in markets that are not stable.

Bitcoin 178

Bitcoin ATM Security cryptocurrency 178

PYMNTS

JANUARY 19, 2021

Fines levied under the General Data Protection Regulation (GDPR) jumped almost 40 percent in the past 12 months as European Union (EU) regulators stepped up enforcement efforts, Financial Times (FT) reported on Tuesday (Jan. More than 50 percent of those penalties were levied by Italy and Germany.

Regulation 202

Regulation Data Security Groups 202

PYMNTS

DECEMBER 27, 2018

However, an awful lot is in fact different at the dusk of 2018 than it was at the dawn. The year 2018 saw massive changes in where consumers shop, how they pay, and what goods and services they want in their carts. Yet, as 2018 was coming to a close, Facebook was hit with just a bit more bad news. The Facebook Follies.

Retail 123

Retail Online Cards United States 123

PYMNTS

FEBRUARY 25, 2019

According to a report in The Financial Times citing the Financial Conduct Authority, during 2018 there were 145 breaches reported to the Financial Conduct Authority. Data breaches at financial services companies in the U.K. jumped fivefold last year, underscoring how the industry is a prime target for hackers.

Data 139

Data Report Industry National 139

FICO

JANUARY 7, 2019

The tremendous interest in AI and machine learning drove the readership on the Fraud & Security blog in 2018. FICO are very cognizant of the impact of regulations to our business and for our clients. The post Top 5 Fraud & Security Posts 2018: AI and Machine Learning appeared first on FICO.

Fraud 74

Fraud Security Analytics Training 74

PYMNTS

JANUARY 18, 2019

Regulators in the United States have reportedly met to discuss levying fines against social media giant Facebook , a punishment that could be sizable in scope and which comes in the wake of privacy violations. The government shutdown currently underway has meant that regulators have not as of yet responded to the Friday reports.

Regulation 128

Regulation social media United States Washington 128

BankUnderground

APRIL 27, 2021

Repo transactions are vital for facilitating the flow of cash and securities around the economy. We use repo volumes data collected by the Prudential Regulation Authority on 17 banks in the gilt repo market and repo rates data from Bank of England’s Bankstats. Importance of repo markets. Table 1: Identifying sign restrictions.

Marketing 118

Marketing Policies Regulation Analysis 118

PYMNTS

SEPTEMBER 11, 2019

Fraudsters have been increasingly focused on mobile services, with one-third of all fraud attacks worldwide reportedly targeting mobile during the first half of 2018 — a 24 percent year-over-year increase. Financial services providers must run tight ships when offering mobile services, and various techniques can help keep them secure.

Security 113

Security Fraud Mobile Cards 113

PYMNTS

JUNE 24, 2020

At the time, Zopa said it raised £60 million ($67.7 million) from new and existing investors in two funding rounds since applying for the banking license in 2016, and it added several former banking executives to create a board.

Security 215

Security Capital Cards Report 215

PYMNTS

MAY 21, 2018

The regulatory gaze become more fully trained on social media as in Germany, intelligence official Hans Georg Maassen said last week that regulation may be needed for social media companies if the European Union finds that more transparency is needed. Also, in the U.K.,

social media 108

social media Regulation New York Data 108