PYMNTS

MAY 22, 2019

With fraud ramping up, regulators around the globe are starting to take a closer look at everything from typical threats to the use of new technologies, like blockchain. Regulators in regions such as Europe are changing the ways they look at cross-border transactions. Around the Smarter Payments World. About the Tracker.

Fraud 180

Fraud Payments Regulation Security 180

Abrigo

AUGUST 22, 2019

Ongoing training is at the very heart of a satisfactory Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program in financial institutions. One option that makes it easy for BSA officers to complete required training is to attend regional meetings. The one-day meetings, eligible for 5.25

Training 150

Training Las Vegas Alabama Minneapolis 150

PYMNTS

DECEMBER 19, 2019

The revised Payment Services Directive ( PSD2 ) Strong Customer Authentication ( SCA ) regulation rollout in the EU has been a little bit on the bumpy side so far. 14 of this year, and while PSD2 did, the SCA part of the regulation has been put on hold. What will that compliance look like in the in the EEA and around the world?

Compliance 102

Compliance Regulation Strategy Training 102

PYMNTS

JANUARY 30, 2019

They face the challenge of offering customers a smooth onboarding process while also remaining rigorous in know your customer (KYC) efforts, taking care to remain compliant with local anti-money laundering (AML) regulations that aim to keep criminals from using legitimate operations to move money illegally. News From The AML/KYC Ecosystem .

How To 170

How To blockchain Compliance Regional 170

PYMNTS

FEBRUARY 4, 2019

A series of regulations was established to encourage a safer, more transparent financial services environment following the 2008 financial crisis. Failure to meet AML/KYC requirement challenges can be costly for FIs, too, with regulators issuing heavy fines for lax security practices or failure to devote sufficient resources to oversight.

How To 161

How To Regulation Compliance Meeting 161

PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems.

Mobile 229

Mobile Report America Regulation 229

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

Regulation America Compliance Fraud 52

American Banker

APRIL 11, 2024

New York Community Bancorp took a massive loan-loss provision and slashed its dividend to meet tougher capital and liquidity requirements after rocketing by that asset mark. A half dozen regionals face tough questions about whether they're better prepared than NYCB, which had to be rescued.

New York 74

New York Regional Community Meeting 74

PYMNTS

NOVEMBER 10, 2020

Traditional financial institutions (FIs) may offer only money transfers made via expensive correspondent banking networks, and some customers may require assistance from several financial services providers to meet their needs. Consumers who move to the U.S.

Report 216

Report Fintech United States Meeting 216

CFPB Monitor

FEBRUARY 10, 2021

The MOU adds to the current collaboration framework and does not replace existing MOUs between the agencies and state regulators. The agencies’ supervision and enforcement staff will meet semiannually to review possible actions and resolve any conflicts with regard to what constitutes compliance and the appropriate remedy for noncompliance.

Training 78

Training Compliance Meeting Leadership 78

PYMNTS

JULY 22, 2019

“If a firm needs to digitally onboard someone and verify them, we can help that company do that fairly seamlessly,” Samer Atassi, regional director, Latin America and Caribbean for Jumio, told PYMNTS in a recent conversation. Meeting A Dynamic Market . Opportunity, he noted, abounds.

Innovation 161

Innovation Payments Regional America 161

Abrigo

FEBRUARY 23, 2023

The local decision-making and strong relationships with customers that are hallmarks of small community banks provide leaders with fresh chances to positively affect their towns, cities, and regions while growing a healthy institution. Check out our 1071 compliance resources. Worried about complying with the CFPB 1071 rule?

Community Bank 195

Community Bank Kansas City Community Lending 195

Bobsguide

JUNE 10, 2022

The incoming EMIR Refit regulation will increase sell-side and investment firms’ reporting requirements to a level where submitting new data fields and new combinations of actions and events could cause significant delays and run the risk of fines, a study from Acuiti has found.

Regulation 88

Regulation Resources Study Compliance 88

FICO

NOVEMBER 11, 2020

René is a banking and regulation professional with a decade of experience and a special interest in risk modeling, measurement and management. In 2018, he was recognized as an “Analytics Visionary” by Consumer Goods Technology. René Javier Guzmán, market & liquidity risks director at Banreservas (previous winner). by Nikhil Behl.

Meeting 52

Meeting Analytics Big Data Management 52

PYMNTS

SEPTEMBER 11, 2019

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. Different regions have their own unique payment rails, and no two abide by the same regulatory framework.

Payments 190

Payments Regional Operations Guidelines 190

CFPB Monitor

APRIL 22, 2021

The Agencies divide the new proposed Q&As on private flood insurance into three main categories: (1) mandatory acceptance (nine proposed Q&As), (2) discretionary acceptance (four proposed Q&As), and (3) general compliance (11 proposed Q&As). However, please see the following bullet point.

Policies 60

Policies Compliance Meeting Regulation 60

PYMNTS

MAY 25, 2018

So it is perhaps with a bit of irony that the eCommerce behemoth known as Amazon , via its Web Services division (AWS), has positioned itself as offering a way for local and regional financial services providers to craft new products, enter new markets and meet the regulatory requirements necessary for worldwide competition.

Regional 109

Regional Regulation Meeting Security 109

Celent Banking

MARCH 30, 2016

Last week, I participated in a Finextra webinar on the topic of “Connected Credit and Compliance for Lending Growth” with panelists from ING, Vertus Partners, Misys and Credits Vision. Cost of compliance. Changing client expectations. Competition from new entrants.

Lending 100

Lending Compliance Training Capital 100

Cisco

DECEMBER 1, 2020

This year, Cisco took it a step further, building out not only the main Security Outcomes Study, but also creating regional reports and two industry-specific analyses – Financial Services being one of the chosen verticals. A plethora of data is collected and then Cisco publishes the annual SOS detailing the analysis.

Study 73

Study Security Maine Regional 73

FICO

SEPTEMBER 16, 2020

FICO’s Integrated AML Compliance Survey has revealed that while the vast majority of banks in more than 11 countries around the Asia Pacific region believe that AI will strengthen anti-money laundering efforts, many remain unsure how to operationalize the advanced technology. Key drivers of financial crime strategy.

Survey 52

Survey Compliance Regional System 52

PYMNTS

OCTOBER 8, 2018

Understanding who one is doing business with is the first step to mitigating a myriad of risks, including non-compliance, non-payment, violated contracts and more. In today’s age of tightening Know Your Customer ( KYC ) regulations, Know Your Supplier has also become an equally important priority in B2B trade.

Regional 188

Regional Online social media Compliance 188

PYMNTS

APRIL 26, 2018

A month away, and the General Data Protection Regulation (GDPR) looms large. Many of the larger EU-based firms have been preparing for GDPR for years and have processes in place that anticipate the formal debut of GDPR and its compliance mandates. As Shakespeare wrote centuries ago (without data mapping in mind), the readiness is all.

Regulation 128

Regulation Data Compliance Examples 128

FICO

JULY 23, 2020

Europe and the USA are the two regions of the world hardest hit by financial crime compliance costs. With the projected total cost of financial crime compliance across the global finance sector estimated to be $180.9

Compliance 52

Compliance Regional Analytics Software 52

PYMNTS

MAY 29, 2018

The appeals have been rebuffed by the central bank, which said the compliance is mandatory. companies has said millions of dollars will have to be spent in the region in order to get local data centers up and running. In the past, Visa CEO Alfred Kelly stated the six-month compliance timeframe was “tough.”. That trio of U.S.

Data 101

Data United States Compliance Cards 101

Alex Jimenez

NOVEMBER 4, 2023

At the center: The center stage that largely characterized the last two years was gone, replaced instead by dedicated areas for meetings. Previously, the meeting areas were relegated to the sides of the show floor. Financial Inclusion: The need for the industry’s support of underserved populations and regions came up often.

Conference 84

Conference Meeting Trends Fintech 84

PYMNTS

AUGUST 20, 2018

Three months in, the European Union’s General Data Protection Regulation still stymies some firms seeking to comply with new rules and regulations governing data protection and privacy. Despite direct exposure to the region, they remain unaware of the GDPR requirements. FinTech Firms Eye Bank Charters.

Fintech 101

Fintech Survey Regulation Resources 101

PYMNTS

JULY 2, 2020

Mastercard and Eedenbull are broadening their existing partnership into the Asia Pacific region in a move that sees Mastercard supporting EedenBull’s commercial card platform offered to banks. ” Mastercard, EedenBull Expand Into APAC. Global Cash Card’s Legal Saga Ends. ADP Eyes Payroll Card Adoption Jump.

Cards 208

Cards New York Capital Compliance 208

PYMNTS

SEPTEMBER 7, 2018

In addition, the official noted that the region has “seen cases recently where AML issues have compromised the functioning and even the viability of some banks, so it is very important here to move forward.”. Monitoring money-laundering, however, is usually handled at the national level.

Regional 109

Regional Compliance Regulation Meeting 109

PYMNTS

OCTOBER 8, 2019

14 deadline — regulators in the majority of EEA countries formally confirmed that they would not be enforcing it, and would instead support a phased rollout of SCA. Within that window, both have laid out specific deadlines for various industry players to reach full compliance by the end of the migration period.

Compliance 156

Compliance Security Industry Regulation 156

FICO

JUNE 12, 2020

In comparison to others in the Asia Pacific region, regulation has evolved due to last year’s Royal Commission, updates to the privacy act as well as changes enacted by global bodies such as the FATF (Financial Action Task Force). Like other advanced financial sectors, Australia has a complex and evolving regulatory environment.

Fraud 52

Fraud Compliance Regional System 52

PYMNTS

JUNE 7, 2018

Now that principle applies to Europe’s General Data Protection Regulation (GDPR) – at least according to one report. The regulation requires companies to provide more transparency over how consumer data is used. For instance, the right to erasure could prove especially problematic.

Los Angeles 107

Los Angeles Google Regulation Data 107

PYMNTS

JULY 27, 2020

That a market is massive and emerging as a target for digitization, does not necessary mean it will be an easy target to pursue — a lesson learned the hard way by Facebook in June when regulators hit the pause button on its adding payment capabilities to WhatsApp in Brazil. We’re still building that up.

Mobile 153

Mobile America Regulation Regional 153

FICO

OCTOBER 25, 2021

In the global fight against money laundering, every bank shares the same top-line challenge and bottom-line reality; anti-money laundering (AML) operations are essential in combatting financial crime—and a costly compliance commitment. Digital Transformation and Modernization.

Compliance 52

Compliance Analytics System Meeting 52

PYMNTS

MAY 24, 2018

The European Union’s General Data Protection Regulation (GDPR) goes into effect on May 25, officially changing the way EU businesses handle consumer data. Its effects will likely have far-reaching consequences, too, for both EU-based companies and those that operate outside the region. What Is Personal Data, Anyway? In the U.S.,

Data 100

Data Compliance social media Operations 100

PYMNTS

OCTOBER 10, 2016

Regional and global banks are more likely to report a lack of trade financing, compared to global banks, the ICC added. ” Banks cited stringent regulations, like AML and KYC, as top barriers to trade finance expansion — 90 percent said the cost and complexity of these regulations is their top challenge in this space.

Survey 100

Survey Regulation Maine Regional 100

PYMNTS

APRIL 30, 2018

During the exchange, lawmakers raised the specter of regulating Facebook — which boasts more than 2.2 similar regulations are already being put to the test in other regions around the world. Each EU member nation has a DPA in place to both monitor compliance and respond to potential violation complaints.

Data 119

Data Compliance social media Regulation 119

Abrigo

APRIL 21, 2023

Understanding the topic and current industry trends can help institutions meet regulatory requirements for credit risk review systems consistent with safe and sound lending practices. Credits needing additional scrutiny receive targeted reviews involving deeper dives into the underwriting as well as regulatory and policy compliance.

Lending 195

Lending Risk Management Software System 195