PYMNTS

NOVEMBER 27, 2020

Compliance with financial regulations market-to-market around the globe is increasingly automated yet relies on the same human emotion that undergirds all forms of exchange: trust. In other words, banks and financial institutions (FIs) have an obligation to make sure you are who you claim to be.

Compliance 198

Compliance Regulation Payments Study 198

PYMNTS

JUNE 12, 2019

Guidelines for patents on self-driving car technology and internet-enabled vehicles have put tech firms and automakers at odds, according to a report by Reuters. The guidelines by the two industries differ in the way licensing fees get calculated, and the rules for using patented tech. Qualcomm was ordered in May by a U.S.

Guidelines 115

Guidelines Industry Technology Regulation 115

Bobsguide

MARCH 12, 2020

Despite extreme economic uncertainty, policy makers continue attempts to regulate artificial intelligence (AI) as tech vendors adapt to the latest guidelines set by the European Commission last month, calling for a European AI strategy. Legal counsels are advising small fintechs and companies.

Policies 161

Policies Guidelines Marketing Strategy 161

Perficient

FEBRUARY 27, 2025

The rise of digital banking, cryptocurrency, blockchain, and AI adoption across banking operations will prompt regulatory bodies to implement clearer frameworks and guidelines to ensure stability and consumer protection. By ensuring compliance with regulations, banks mitigate risks and maintain trust with customers and regulatory authorities.

Banking Trends 221

Banking Trends Trends Digital Banking Customer Experience 221

PYMNTS

JANUARY 18, 2022

18) that it plans to regulate cryptocurrency advertising like other financial products and ensure that promotions are “fair, clear and not misleading,” according to a Bloomberg report. 17), Spain’s market regulator enhanced controls on crypto-related ads, saying they must include a warning that investors risk losing all their money.

cryptocurrency 147

cryptocurrency Regulation social media Guidelines 147

PYMNTS

JUNE 3, 2016

And recently, the European Union set out guidelines about its thoughts on how the sharing economy — AKA companies like Uber, Lyft and Airbnb — should be regulated. The European Commission suggested that EU states should only make regulations that are in the best interest of the public, such as a safety issue.

Guidelines 100

Guidelines Regulation Innovation National 100

PYMNTS

FEBRUARY 11, 2020

Facebook CEO Mark Zuckerberg has scheduled meetings with European Union (EU) regulators ahead of an official proposal presentation to create a new framework for Big Tech, Reuters reported on Tuesday (Feb. Zuckerberg will meet with the EU’s digital regulation leaders on Monday (Feb.

Meeting 151

Meeting Regulation Guidelines Data 151

Perficient

AUGUST 14, 2020

Evolving Regulations – Each state has their own guidelines for managing this health crisis. To respond effectively, providers need immediate access to disparate data like bed capacity and COVID positive and COVID negative hospital staff.

System 519

System Analytics Strategy Guidelines 519

Bank Innovation

SEPTEMBER 21, 2017

“High-tech,” or fintech banks may be required to hold higher capital buffers and larger liquidity when entering Europe, the European Central Bank said in draft licensing guidelines today.

Fintech 249

Fintech Guidelines Capital Marketing 249

Perficient

JANUARY 7, 2021

They had to change the way they operate with new social distancing guidelines. The government has regulations for greenhouse gas emissions, and companies have carbon-neutral goals. No one knew what to make of it. At the same time, dealers were closing their doors temporarily to help reduce the spread.

Marketing 309

Marketing Industry Mobile Data 309

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. ESMA said they will conclude the inquiry by the end of October.

Regulation 141

Regulation Guidelines Groups Report 141

PYMNTS

MARCH 31, 2020

The necessity of such regulations is undeniable, however, as lagging data standards leave businesses and consumers open to fraud and boost frustration regarding the speed of digital transactions. Discussions can be further complicated by world events that change the way FIs, businesses and consumers interact. Sixty-three percent of U.S.

Regulation 154

Regulation Data US Washington 154

PYMNTS

DECEMBER 18, 2020

The paper said that prior to the approval of vaccines by regulators in the United States and the European Union, authorities had warned that fraudsters would use the opportunity to launch scams or sell stolen doses. In the United States, the FBI posted guidelines on its website for avoiding COVID-19 crime.

Report 274

Report United States social media Guidelines 274

PYMNTS

SEPTEMBER 28, 2018

In an effort to get more clarity on the regulation of digital currencies, U.S. The lawmakers are looking for the official to lay out how the agency plans to regulate digital currency in clearer terms, CNBC reported. representatives wrote to U.S. Securities and Exchange Commission (SEC) chairman Jay Clayton.

Regulation 139

Regulation San Francisco US Bitcoin 139

PYMNTS

FEBRUARY 11, 2020

Facebook CEO Mark Zuckerberg has scheduled meetings with European Union (EU) regulators ahead of an official proposal presentation to create a new framework for Big Tech, Reuters reported on Tuesday (Feb. Zuckerberg will meet with the EU’s digital regulation leaders on Monday (Feb.

Meeting 130

Meeting Regulation Guidelines Data 130

PYMNTS

OCTOBER 18, 2018

In July, reports in the Financial Times said Switzerland is working to open the nation’s traditional corporate banking market to cryptocurrency companies finding it difficult to get banked, thanks to fears over anti-money laundering (AML) violations and other compliance issues. “Time is pressing,” he said.

Guidelines 213

Guidelines cryptocurrency blockchain National 213

PYMNTS

MARCH 20, 2018

Regulators from around the world are teaming up to create a blueprint for a global FinTech “sandbox.”. Later this week we start work with interested regulators, including colleagues across Europe, the U.S. The EU’s plans for its own blueprint would also include best practices and guidelines for regulatory sandboxes.

Regulation 130

Regulation Fintech Regional Guidelines 130

PYMNTS

SEPTEMBER 23, 2020

Banks in the EU have been racing to comply with the General Data Protection Regulation ( GDPR ) and the revised Payment Services Directive ( PSD2 ) since both measures were enacted in 2018. FIs in Fidor’s native Germany should by now be familiar with the standards set by GDPR, PSD2 and other regulations aimed at online banking.

Compliance 225

Compliance Regulation Guidelines Security 225

PYMNTS

AUGUST 27, 2019

As reported by CoinTelegraph , Switzerland ’s Financial Market Supervisory Authority (FINMA) this week unveiled guidance on the regulatory requirements that govern payments done over blockchain.

blockchain 145

blockchain Regulation Payments Bitcoin 145

Perficient

JANUARY 16, 2024

Clear Policies and Procedures: Establishing clear guidelines and protocol practices is crucial in safeguarding your business. Establish clear guidelines and protocols for financial transactions, approvals, and reporting. Regularly review and update policies annually to ensure compliance with current rules and regulations.

Compliance 221

Compliance Guidelines Policies Risk Management 221

PYMNTS

MAY 22, 2020

To build TIPS, the ECB utilized the SEPA Instant Credit Transfer (SCT Inst) protocol, which establishes operational guidelines for real-time payments throughout the EU. The Fed’s Failure. But the plight of American SMBs and consumers seems more pressing at the moment. Problem No.

Payments 344

Payments Policies Guidelines National 344

PYMNTS

MAY 20, 2020

The Eurosystem [aims to create] an integrated payments area in Europe where solutions are based on a common scheme, and Pan-European market infrastructures, such as TIPS, [bring] benefits to citizens and businesses alike,” the ECB told PYMNTS in a recent interview. Official guidelines and regulations can only go so far, however.

Payments 210

Payments Guidelines Regional Strategy 210

PYMNTS

MAY 1, 2020

Financial institutions (FIs) and regulators in Singapore, the E.U. Regulators may have shifted their focuses away from these initiatives and toward making sure their customers have the financial access they need to survive the pandemic, but the long-term goals of. these programs appear to have remained the same in most markets.

Innovation 245

Innovation Regulation Digital Banking Security 245

PYMNTS

DECEMBER 8, 2020

Cybercriminals are constantly one step ahead of government regulators, developing new and inventive schemes faster than the authorities can quash them. The latest arena for money laundering is through cryptocurrency , a burgeoning market expected to be valued at $1.4 percent of the global gross domestic product (GDP). billion by 2024.

cryptocurrency 261

cryptocurrency Mobile Compliance Analysis 261

Abrigo

DECEMBER 14, 2014

Many would point to imprudent lending standards as a leading cause of the financial crisis of 2008, and in turn, financial institution regulators have since bolstered lending standards and capital thresholds as a preventive measure against a similar crisis.

Guidelines 223

Guidelines Payments Lending Capital 223

PYMNTS

OCTOBER 16, 2020

Facebook’s Ireland and United Kingdom unit has agreed to change the way Instagram works to “make it much harder for people to post an (advertisement) on Instagram without labelling it as such,” Britain’s top antitrust regulator announced Friday (Oct.

social media 212

social media Branding Guidelines Regulation 212

PYMNTS

JUNE 13, 2018

Tink’s business model previously called for partnerships with and licensing of its technology to large banks and FIs, but it debuted its API platform to the market in April. Tink’s API platform was designed to help banks and FIs prepare for the arrival of new regulations as they roll out. Connecting Banks to Customers.

Regulation 115

Regulation Guidelines Tools Data 115

PYMNTS

OCTOBER 6, 2017

Regulators across the globe are looking to ensure that customer and corporate data is secure, and those initiatives include outlining cybersecurity standards for payroll systems. These companies need to procure a reliable payroll partner across borders to pay their expanding workforce in other markets, she continued.

Marketing 139

Marketing Data Security Regulation 139

PYMNTS

JANUARY 31, 2020

Financial institutions (FIs) and merchants in the European Union (EU) have had some time to get used to both the General Data Protection Regulation (GDPR) and the revised Payment Services Directive (PSD2). Australian regulators are still deciding how Open Banking will affect FIs within their country.

Digital Banking 136

Digital Banking Guidelines Regulation Data 136

PYMNTS

SEPTEMBER 13, 2019

So far, most data issues with tech companies have been handled on a case-by-case analysis, without specific regulatory guidelines. If we want to define the market, to set out what’s acceptable and what isn’t, then what we need is not more competition enforcement. We need regulation,” she said in Copenhagen. “So

Data 108

Data Regulation Guidelines Maine 108

PYMNTS

APRIL 13, 2018

Singapore is ready for open banking, but regulators don’t want to force it on the financial services market, according to reports in Bloomberg. According to Hardoon, the nation’s banks will instead see the benefits of Open Banking in other markets and want to embrace data sharing because of them.

Marketing 100

Marketing Guidelines Regulation Data 100

Abrigo

JUNE 12, 2023

A regulatory baseline Benefits to adopting the model money transmitter act framework Money transmitters are regulated at the state level, and the absence of a standardized licensing and regulatory framework across states can lead to consistency and challenges for money transmitters. alone, handling $6 trillion in payments.

Compliance 195

Compliance Fraud Regulation Guidelines 195

PYMNTS

MARCH 22, 2019

With PSD2 becoming firmly planted in the European Union (EU), more markets are integrating the regulation into their financial systems, and prepping for changes in the ways they approach payments, data transfers and customer authentication. Customer Awareness is Key for PSD2 Adoption in the Netherlands.

Regulation 174

Regulation Data Guidelines Fraud 174

PYMNTS

NOVEMBER 9, 2020

In banking, collaboration — between the traditional players like banks and the tech savvy FinTechs bringing a slew of new apps to market — is key. there are indications that the opening of data flows between financial services companies has led to strong innovation (and demand for that innovation), and more regulation may loom.

Fintech 285

Fintech Data Regulation Innovation 285

Bobsguide

OCTOBER 16, 2018

When the Financial Stability Board (FSB) published its guidelines to national and regional regulators to encourage greater oversight into financial markets, even they couldn’t foresee the deluge of rules and compliance requirements those regulators would begin to craft. In Europe, the most.

Guidelines 115

Guidelines Report Data Regional 115

BankUnderground

JANUARY 21, 2021

But how much competition in insurance markets is there? We find competition generally works well in UK life and non-life insurance markets, despite increases in life market concentration over the past 25 years. However, competition regulators have found practices in specific markets that harm consumers.

Marketing 116

Marketing Analysis Policies Regulation 116

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Those interviewed by the GAO also said that guidelines would be of help in making sure lending is done efficiently.

Lending 150

Lending Fintech Data Wyoming 150