PYMNTS

FEBRUARY 11, 2020

The Uber Money team will be geared toward putting into place new payment methods, harnessing smart routing technologies for payment gateways, using Uber artificial intelligence (AI) models for intelligent risk decisions and enabling as well as developing financial compliance tools. of India (NPCI).

San Francisco 186

San Francisco Fintech Analytics New York 186

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. Part of that, he added, is across-the-board high standards when it comes to compliance and verification.

Innovation 161

Innovation Payments Regional America 161

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. So, what’s the problem?

Payments 190

Payments Regional Operations Guidelines 190

PYMNTS

JULY 3, 2018

As startups such as DadeSystems , FitPay and Jewel Paymentech expand across devices and functions, Tipalti , AvidXchange and Emailage announce new growth for their local, national and global footprints. The Sydney office currently serves as the base of operations for the APAC region. Chargehound. AvidXchange.

National 101

National Charlotte Regional Operations 101

PYMNTS

FEBRUARY 4, 2019

Some of the highest activity has been reported in Europe, with a recent report finding that 90 percent of the region’s banks have been sanctioned for money laundering in the past decade. The United Nations Office on Drugs and Crime (UNODC) estimates the market for global money laundering is worth approximately $2 trillion per year.

How To 161

How To Regulation Compliance Meeting 161

PYMNTS

NOVEMBER 10, 2020

The central bank and several other commercial banks collaborated on a cross-border bank account offering that Pakistanis overseas can use to store rupees and foreign currencies as well as to pay bills and make other transactions in the nation. customers to recipients in Asia and Europe.

Report 216

Report Fintech United States Meeting 216

PYMNTS

MARCH 25, 2019

Consider the fact that, as noted in the most recent AML/KYC Tracker produced as a collaboration between PYMNTS and Trulioo , money laundering is estimated by the United Nations Office on Drugs and Crime to be an $800 million to $2 trillion-per-year problem, equivalent to 2 percent to 5 percent of the global GDP. A Tech and Mindset Shift.

cryptocurrency 196

cryptocurrency Compliance Fraud System 196

PYMNTS

JANUARY 1, 2021

The Office of Foreign Assets Control stated in announcing the deal: "As a result of deficiencies related to BitGo’s sanctions compliance procedures, BitGo failed to prevent persons apparently located in the Crimea region of Ukraine, Cuba, Iran, Sudan, and Syria from using its non-custodial secure digital wallet management service.

Miami 201

Miami Bitcoin cryptocurrency Florida 201

PYMNTS

DECEMBER 10, 2019

But when transactions occur across borders, new friction points emerge, particularly around the areas of interoperability, transparency and compliance. However, not all challenges rank equally depending on the region or country.”. One is national infrastructure. In the U.S., The Interoperability Challenge — And Opportunity.

Payments 131

Payments Compliance National Fintech 131

Banking Exchange

JANUARY 25, 2023

Biggest regional banks should be held to same standard as the largest national institutions, says ICBA Community Banking Feature3 Feature Retail Banking Compliance Compliance/Regulatory

Community Bank 78

Community Bank Community Compliance Regional 78

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. Cost for these regional meetings is $100, and dates and locations are: Sept.

Training 150

Training Las Vegas Alabama Minneapolis 150

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. 1 to adjust their standards in compliance. This shift has been pushed further into the spotlight due to the ongoing pandemic.

Regulation 175

Regulation Data Regional Examples 175

Independent Banker

JANUARY 31, 2022

This region has the kind of energy that draws people to a place and helps them and their businesses thrive. That year, installations further south, in the region that includes Brownsville and Corpus Christi, supported an estimated 41,000 jobs and contributed about $4.6 Here’s how four community banks are thriving in this environment.

Texas 182

Texas San Antonio Community Bank Community 182

PYMNTS

DECEMBER 16, 2020

But that increased good feeling is largely reliant on the nation not undergoing yet another round of lockdowns. And a small but still worrisome share (12 percent) expect to permanently cease operations if they have to shutter their doors in compliance with another lockdown. SMBs Have Remade Themselves Digitally .

Maine 282

Maine Survey Online Retail 282

PYMNTS

DECEMBER 9, 2019

Although the number of adults with bank accounts has been steadily rising and is up 7 points since 2012, African countries – especially in the sub-Saharan and West African regions – are trailing the rest of the world. The worldwide average is 69 percent, and in Ghana it is 62 percent. Nigeria is even lower at 44 percent.

Regional 131

Regional Compliance National System 131

Abrigo

OCTOBER 9, 2024

Without incorporating Q factors, an institution's CECL calculation might underestimate future losses, leading to compliance issues or missed opportunities to mitigate risks. For example, local economic conditions might weigh more heavily for a regional bank, while a national institution might focus on broader market trends.

Risk Management 195

Risk Management Management Compliance Data 195

Abrigo

JULY 15, 2015

The transition from compliance to consulting makes sense: tax season is just that, a “season,” and nearly 60 percent of respondents to a Sageworks survey indicated they saw an increase in total revenue by adding financial services to their accounting practice.

Management 150

Management Resources Capital Taxes 150

PYMNTS

AUGUST 4, 2019

Cryptocurrency compliance company Elliptic has released the Elliptic Data Set, which aims to identify crypto transactions associated with money laundering. A big problem with compliance, in general, is false positives. And Busan has issued a “regulation-free” zone for blockchain development by South Korea’s national government.

Bitcoin 115

Bitcoin Study Data Massachusetts 115

PYMNTS

FEBRUARY 21, 2018

“We allege that BitFunder operated unlawfully as an unregistered securities exchange,” Marc Berger, director of the SEC’s New York regional office, said in the release. We will continue to focus on these types of platforms to protect investors and ensure compliance with the securities laws.”.

Fraud 102

Fraud Bitcoin New York Regional 102

PYMNTS

MARCH 16, 2017

An announcement Wednesday (March 15) said Tungsten’s entrance into the country makes it India’s first to provide compliance eInvoicing; the company’s users can now send and receive invoices across India and generate legal invoices for goods across eight states.

Taxes 100

Taxes Compliance Fraud Regional 100

PYMNTS

MAY 22, 2017

They all hit different parts of the enterprise, too, he continued, touching accounts receivable and accounts payable, some on local and regional scales, some on a global scale. “I One of the most prominent conversations at the table is eInvoicing compliance. “There are thousands of vendors providing software capabilities.”

Compliance 104

Compliance Regulation Strategy Regional 104

PYMNTS

SEPTEMBER 5, 2017

Perhaps more concerning is the fact that researchers found the cost of compliance continues to rise, with more than two-thirds of the professionals surveyed reporting that compliance has become more expensive in the last year alone. The director said that cost of compliance was the most surprising finding from the report.

Compliance 118

Compliance Survey Training Regulation 118

PYMNTS

AUGUST 16, 2019

Although ShareChat is available in 15 regional languages, there are no plans to support English, Ankush Sachdeva, co-founder and CEO of the firm, told the reporting news outlet. Hindi, a regional language, is spoken by about half a billion people, the article said. For some reason, everyone wanted to converse in English.

social media 108

social media Capital Regional Google 108

PYMNTS

FEBRUARY 24, 2020

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. He described how government regulators recently chastised Alibaba for compliance troubles with its credit scoring feature, Sesame Credit. “In

Regulation 160

Regulation Policies Data Trends 160

PYMNTS

DECEMBER 27, 2017

A new study from the Center for Talent Innovation (CTI) found that, according to the 2015 US government’s definition of disability , a significant portion of the white-collar workforce has a physical or mental impairment that substantially limits a major life activity: 30% of a nationally representative survey of 3,570 white-collar employees.

Compliance 100

Compliance Leadership Training Innovation 100

FICO

OCTOBER 26, 2017

This article is from Michael Blicker , a senior consultant in FICO's compliance solutions group. You would think one system would be enough to manage foreign tax compliance. In 2010 the IRS (Internal Revenue Service) started to define the details of FATCA (Foreign Account Tax Compliance Act). Here’s where the trouble started.

Taxes 53

Taxes Compliance Report US 53

Abrigo

DECEMBER 13, 2019

Informal actions are generally appropriate for institutions that receive a composite rating of “3” for safety and soundness or consumer compliance. Memoranda of Understanding (MOU) – an informal agreement between an institution and the FDIC, which is signed by both parties (usually designated individual(s) in the Regional Office of the FDIC).

FDIC 195

FDIC Capital Regulation Lending 195

Abrigo

FEBRUARY 16, 2017

Vintage analysis is an allowance for loan lease losses (ALLL) calculation methodology that has been suggested as being the new minimum standard for CECL compliance. The FASB’s guidance on the Current Expected Credit Loss (CECL) model is not prescriptive and allows for a number of methodologies to be used in order to fulfill the requirements.

Analysis 150

Analysis Examples Data Regional 150

PYMNTS

AUGUST 6, 2019

Latin America is often considered to be the world leader in electronic invoicing thanks to government mandates, but the Asia Pacific region is quickly gaining steam in its eInvoicing efforts, too. on the benefits of an eInvoicing mandate, noting that it would address the nation’s current tax challenges.

Regional 108

Regional Taxes System Guidelines 108

PYMNTS

FEBRUARY 22, 2017

In a wide-ranging conversation between PYMNTS’ Karen Webster and MoneyGram EVP Grant Lines, who’s responsible for regions as diverse as Africa, Russia and Asia-Pacific, among others, both noted that gains in financial inclusion have been broad and deep, and more progress must be forthcoming.

Examples 123

Examples Regional Mobile Marketing 123

Jeff For Banks

NOVEMBER 24, 2019

The bank, First National Bank of Keystone, was $1.1 Another depressed town due to the general economic malaise that bedraggled the region when the steelmaking industry moved elsewhere. And so went the birth of First National Bank of Keystone's meteoric rise. Clearly, blue-suit regulators stood out. I'm not making this up.

National 78

National West Virginia Virginia Pennsylvania 78

PYMNTS

SEPTEMBER 6, 2019

Investors include the nation’s largest B2B eCommerce platform IndiaMart, while India Quotient and Axilor also participated. Vyapar, owed by Simply Vyapar Apps, provides invoice, accounting and inventory management solutions for small- and medium-sized businesses, focusing on tax compliance and financial management for end users.

Fintech 155

Fintech Capital Lending Operations 155

PYMNTS

SEPTEMBER 24, 2019

As Cohen told Webster, conflicts arise in meeting the basic requirements of governance and compliance when it comes to payments, bank accounts and, especially, money transferred across borders. Cohen noted that networks sprout up all the time, whether local, regional, national or international in scope.

Innovation 182

Innovation Fraud Technology Security 182

South State Correspondent

JANUARY 4, 2023

Moving all customers to digital statements, restructuring compliance reviews and employee onboarding are just some of the more popular efforts that banks are undertaking in 2023. Many community banks have an inherent strategic advantage in bringing a new product to market faster than a national bank, yet they squander their position.

Community Bank 195

Community Bank Capital Marketing Lending 195

PYMNTS

SEPTEMBER 22, 2017

According to CapitalBay CEO and Co-Founder Ang Xing Xian, despite increasing interest in providing trade finance solutions to SMBs in the nation, there still exists a gap in available credit, with SMB suppliers forced to wait 50 percent longer to see their invoices paid compared to three years ago. Honorable Mentions. Blue Lotus Capital.

Capital 152

Capital America Lending Industry 152

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. billion bank in the Mid-Atlantic region.

Fintech 193

Fintech Community Regional Technology 193

PYMNTS

OCTOBER 28, 2019

In an interview with PYMNTS , National Retail Federation Vice President of Government Relations and Tax Counsel Rachelle Bernstein said compliance hasn’t been a huge change for very large retailers, especially since they had already been collecting in most states prior to the Wayfair ruling and already have tax compliance software.

Taxes 102

Taxes Online San Jose South Carolina 102