PYMNTS

NOVEMBER 3, 2020

The Shanghai Stock Exchange is delaying Ant Group’s record initial public offering (IPO) following Jack Ma’s meeting with Chinese regulators, according to a Wall Street Journal (WSJ) report on Tuesday (Nov. Also summoned were Ant Group Chairman Eric Jing and Chief Executive Simon Hu. 2) to answer questions behind closed doors.

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Groups Regulation Meeting Fintech 169

PYMNTS

NOVEMBER 13, 2020

As government regulators in China increase tech industry oversight, Tencent said it will comply with new laws intended to curb antitrust activities and tighten FinTech acceleration, according to a Bloomberg report on Friday (Nov. The regulators are looking more closely at transaction-based platforms, Lau said, per Bloomberg.

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PYMNTS

NOVEMBER 3, 2020

One of Sweden’s largest private insurers, Folksam Group , says a data breach affected one million of its clients. The firm said it discovered the breach after an internal audit and that it has reported the breach to Swedish regulators. elections or fraudsters looking to take advantage of the pandemic’s eCommerce trends.

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Groups Data Report America 255

PYMNTS

DECEMBER 27, 2020

Financial regulators in China are moving to curb the influence of Jack Ma 's Ant Group by telling it to switch focus back to its mainstay payments business while fixing issues in personal lending, wealth management and more, The Wall Street Journal (WSJ) reports. The People's Bank of China criticized Ant on Sunday (Dec.

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Groups Regulation Payments Lending 225

PYMNTS

MARCH 22, 2019

Thirty-four percent of businesses are using IoT in their operations, according to a recent study, and 70 percent of that group have moved beyond pilot testing to actual adoption. With increased adoption, though, comes a need for improved regulations, and both the European Telecommunications Standards Institute (ETSI) and U.S.

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Regulation Security Data Industry 189

PYMNTS

MARCH 2, 2020

The California Consumer Privacy Act went into effect in January, and the European Union’s General Data Protection Regulation ( GDPR ) went into effect in 2018. The Internet Association , a trade group serving Big Tech companies, said individual states should wait for federal intervention before enacting their own laws.

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NJ New Jersey Regulation Data 249

PYMNTS

SEPTEMBER 30, 2018

Ripple , the blockchain startup, is heading up a new cryptocurrency lobbying group called Securing America’s Internet of Value Coalition. Coindesk noted that most of the members of the new lobbying group have ties to Ripple. Coindesk pointed to Coil as one example. Its founder is the former chief technology officer at Ripple.

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Groups cryptocurrency blockchain Regulation 192

PYMNTS

NOVEMBER 20, 2020

What’s next for Ant Group – and by extension, Jack Ma? . In China, the battle of the regulators versus FinTech behemoth has seemingly been joined. . As reported earlier this month , the Shanghai Stock Exchange delayed Ant Group’s record initial public offering (IPO). What might a restructuring look like? . What Lies Ahead .

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Perficient

MARCH 22, 2023

Recent headlines have highlighted the failure of SVB Financial Group, the parent company of Silicon Valley Bank (“SVB”). We’re putting this into practice and offering our predictions concerning what regulations may arise once the dust has settled. But the fault is the regulators’, right? Possible Causes of Failure 1.

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Report Regulation Capital Management 474

PYMNTS

NOVEMBER 21, 2019

A group of senators have introduced a bill that would classify Facebook’s proposed cryptocurrency Libra as a security under the law, according to a report by CNBC. The bill is called the “Managed Stablecoins are Securities Act of 2019” and was proposed by two members of the House Financial Services Committee, Reps.

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Security Regulation cryptocurrency Bitcoin 145

Perficient

NOVEMBER 8, 2024

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility. Determination process. Documentation and validation.

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Regulation Risk Management Policies Compliance 221

PYMNTS

JUNE 25, 2020

In today’s top news, Wirecard files for insolvency, and New York proposes easing regulations for cryptocurrency licenses. New York To Ease Cryptocurrency Regulations. Plus, California seeks a court order to make Uber and Lyft classify drivers as employees. Wirecard Files For Insolvency, Seeks Court Protection.

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New York cryptocurrency Regulation Samsung 248

PYMNTS

DECEMBER 27, 2020

The Chinese government’s previously announced antitrust investigation of Alibaba Group Holding Ltd. China’s State Administration for Market Regulation posted a notice on its website Thursday (Dec. The pressure was sufficient to scuttle what was expected to be a huge initial public offering by Ant Group.

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Regulation Marketing Groups Report 206

Perficient

APRIL 2, 2021

The agencies collectively announced a request for information (RFI) to gain input from stakeholders including financial institutions, trade associations, and consumer groups. Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. Cybersecurity.

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Regulation Industry Risk Management Analysis 309

PYMNTS

OCTOBER 26, 2020

Ant Group was said recently to be pondering a $280 billion minimum valuation for the double listing, a 12 percent hike from the previous amount speculated. The dual listing recently cleared its last hurdle of approval when China's top security regulator gave it the OK.

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PYMNTS

OCTOBER 22, 2020

Ant Group has won the nod from China's top security regulators for its Shanghai offering, the last hurdle to clear for the $35 billion dual listing, Reuters reports. In September , Shanghai regulators approved the listing. The listing could be the largest initial public offering (IPO). Morgan and Morgan Stanley.

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Groups Capital Fintech Regulation 175

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.

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PYMNTS

DECEMBER 2, 2020

China’s Ant Group, which owns the widely used Alipay payments app, is looking at selling its 30 percent stake in India’s Paytm as friction between the two countries grows, sources told Reuters. Reuters said Paytm, which is partly backed by Japan’s SoftBank Group Corp., Like Alipay, Paytm is a digital payments platform.

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Groups Report Regulation Fintech 179

PYMNTS

NOVEMBER 3, 2020

Jack Ma has seen his net worth plunge by $3 billion after the Ant Group double initial public offering (IPO) was suspended on Tuesday (Nov. 3) by Chinese regulators, according to a report from Business Insider , which quoted numbers from Bloomberg's Billionaire Index. 5) as originally planned. Ma also owns 4.2

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MARCH 2, 2021

The final rule amends Regulation EE (Financial Institution Netting) to apply FDICIA netting provisions to certain new entities including swap dealers. The Federal Reserve is now expanding the definition of financial institutions to include: swap dealers and security-based swap dealers; 1. What is a Financial Institution?

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Regulation Security System Marketing 309

PYMNTS

NOVEMBER 25, 2020

The Federal Ministry of Finance in Nigeria is said to be in discussions with the securities watchdog in the country to create a new digital currency and blockchain structure, Cointelegraph reported. Digital assets are reportedly seen as commodities and ruled by securities law in the country following an order on the topic earlier in the fall.

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Bitcoin blockchain Groups Security 276

PYMNTS

JANUARY 8, 2021

The FinTech group is reportedly mulling setting aside a significant number of shares for users if it goes public, but it has yet to make any final decisions, according to Bloomberg, who cited unnamed sources. Robinhood is considering selling shares directly to its users if it opts to hold an initial public offering (IPO).

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Massachusetts Fintech Millennials Retail 363

PYMNTS

JULY 31, 2019

The Block reported that the comprehensive overview is expected to follow FCA’s draft proposals released at the beginning of the year, which explained that “any token that is not a security token, or an eMoney token is unregulated.”

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Regulation cryptocurrency Bitcoin Retail 187

PYMNTS

JANUARY 7, 2021

China’s Ant Group is mulling the creation of a new consumer loan unit that would allow it to continue making loans throughout the country while complying with new Chinese banking regulations. Ant Group had planned to go public for $35 billion, which would have made it the largest IPO in market history. On Tuesday (Jan.

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Groups Regulation Lending Operations 141

PYMNTS

NOVEMBER 18, 2018

Japan’s Financial Services Agency (FSA) had a plan for crypto wallet service regulation on its meeting agenda for a recent gathering of its crypto study group, bitcoin.com reported. At the same time, the group reportedly talked about wallet risks such as wallet failures and cyber attacks.

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Bitcoin Regulation cryptocurrency Security 174

PYMNTS

FEBRUARY 20, 2020

Regulators around the world are passing new laws to make sure ad hoc workers are properly protected, and some of these rules could have sweeping implications for businesses and their freelance partners. states are developing similar regulations. However, challenges have begun to arise as the gig economy continues to expand globally.

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Security Regulation New Jersey Payments 161

Perficient

JUNE 5, 2020

Secure software practices are at the heart of all system development; doubly so for highly regulated industries such as health-care providers. As a best-practice it is recommended to adopt automation of certain security audits, integration of compliance oversight into key development process areas (e.g. Source Code Analysis.

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Compliance Security Software System 332

PYMNTS

JUNE 14, 2019

But despite intelligence of things (IoT) solutions being put to use in many cases, the field continues to be hampered by security issues. The June IoT Tracker explores the latest advancements in IoT security and new applications of smart technology. New security threats are emerging, too. Get the full scoop in the Tracker.

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Regulation Security Technology Survey 161

PYMNTS

NOVEMBER 4, 2020

China’s move to suspend Ant Group’s anticipated blockbuster initial public offering (IPO) likely came from the top echelon of the Chinese government, according to a report in the Financial Times. The suspension came just two days before shares of Ant Group were to go live on the Hong Kong and Shanghai stock markets. A collective $2.7

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Lending Groups Regulation Marketing 240

Gonzobanker

NOVEMBER 22, 2022

Well, Gonzobankers, the smart, idealist and self-declared revolutionary crypto kids just bought themselves a future of regulation — intricate, overbearing, and frustrating regulation, and regulation that the market will now demand. Welcome to adulthood, y’all. What’s Next? But please, don’t get cocky.

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Regulation blockchain Marketing Strategy 164

PYMNTS

JANUARY 31, 2021

Ripple has responded to a lawsuit against it, saying that the Securities and Exchange Commission (SEC)'s opinion that its XRP cryptocurrency is a security is false, a filing says. The SEC contests that Ripple’s digital coin counts as a security and, as such, the SEC is allowed to regulate it. The move also “threatens U.S.

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cryptocurrency Bitcoin Regulation Security 230

PYMNTS

JULY 15, 2020

The European Securities and Markets Authority (ESMA), the European Union’s (EU) financial watchdog, plans to examine how German regulators handled oversight of Wirecard AG , the collapsed payments company that is facing a series of criminal allegations.

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Regulation Guidelines Groups Report 141

PYMNTS

APRIL 9, 2020

A Travelex spokesman told the WSJ that the firm got advice from security experts on how to proceed, and have kept its investors and regulators up to date on the recovery. The Journal said they participated in an online chat with a group of hackers who claim to have hacked Travelex in January and said they had received the payment.

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Report Groups Data Cards 279

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.

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Regulation Data Security Groups 202

PYMNTS

SEPTEMBER 30, 2020

It would instead offer payment companies a national servicing platform to replace the regime of state regulations such firms would be subject to under existing laws. Commercial companies accessing a payments charter would avoid oversight and regulations that protect the financial system and consumers,” the bank industry leaders wrote.

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PYMNTS

JANUARY 21, 2021

In a big setback for Amazon , the Securities and Exchange Board of India has reportedly approved Reliance Retail ’s $3.4 billion acquisition of Future Group ’s retail assets. Amazon had called on the Indian securities board in November to investigate Future over the issue of insider trading. percent stake in Future Retail.

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Retail Regulation Groups Security 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. A couple of farm groups have expressed concern that the deal would concentrate milk buyers in different parts of the country.

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