PYMNTS

JANUARY 4, 2017

FinTech firms operating in Indonesia and running peer-to-peer lending businesses may face new regulations from the Indonesian Financial Services Authority (OJK). What’s important is they get onto our radar because we don’t want to regulate the prudential aspects hastily.

Regulation 128

Regulation Fintech Guidelines Capital 128

PYMNTS

MAY 24, 2019

Baoshang Bank, based in Inner Mongolia, will be taken over by China’s banking and insurance regulator over critical credit risks, according to a report by Reuters. The China Construction Bank (CCB), based in Baotou, will handle the bank’s business operations.

Regulation 158

Regulation Lending Guidelines Maine 158

Abrigo

JUNE 14, 2021

In the guidelines, OFAC identifies five key components that are not unlike the BSA program requirements that financial institutions have been implementing for years. As seldom seen from the regulatory authorities, the Guidelines generally defines management as senior leadership, executives, or the board of directors. Learn More.

Compliance 370

Compliance Training Resources Policies 370

Abrigo

DECEMBER 11, 2014

In September, the Office of the Comptroller of the Currency (OCC) published final guidelines designed to “strengthen the governance and risk management practices of large financial institutions.” As regulatory, business and operating environments change, it is necessary to update risk approaches. 10, 2014 effective date.

Community Bank 207

Community Bank Community Risk Management Guidelines 207

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

Chris Skinner

MARCH 10, 2017

The Prudential Regulatory Authority (PRA) has had guidelines in place for a while around using third party processors for critical functionality, like making payments. It must not cause detriment to the entity’s clients.

Regulation 219

Regulation Exercises Guidelines Data 219

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

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

DECEMBER 18, 2020

Criminals seeking to exploit unmet demand for the COVID-19 vaccine are selling doses – many presumably fake – on the "dark web," the portion of the internet dominated by merchants who operate beyond easy reach of law enforcement agencies, the Financial Times reported on Friday (Dec.

Report 274

Report United States social media Guidelines 274

PYMNTS

MAY 22, 2020

Treasury’s difficulties getting relief money to individuals, has renewed calls for the government to accelerate its FedNow national real-time payments network, still not expected to be operational until at least 2023. But the plight of American SMBs and consumers seems more pressing at the moment. Problem No.

Payments 344

Payments Policies Guidelines National 344

PYMNTS

JULY 29, 2016

A Cabinet document laid out the guidelines for registrations, fares, employment of drivers and how much they should get paid. Didi has operations in around 400 of China’s cities and completed 1.4 The new rules issued by the Chinese government are welcome news to the ridesharing startups. billion rides last year. The company raised $7.3

Guidelines 100

Guidelines Industry Regional Operations 100

PYMNTS

MARCH 7, 2016

Banks may face tougher guidelines when it comes to how much they are required to spend to cover the risks that cyberattacks, fraud and fines pose to their operations. Basel regulations are international, voluntary guidelines for financial regulators to assure banking stability through stress tests and other measures.

Regulation 100

Regulation Guidelines Capital Operations 100

PYMNTS

AUGUST 27, 2019

Under the guidelines, which cover exchanges, trading platforms and wallet providers, the regulators state businesses are not exempt from standards that tie in anti-money laundering (AML) rules, among other mandates. CoinDesk reported that the exchange has targeted the DLT platform to be in place and operational by spring of 2021.

blockchain 145

blockchain Regulation Payments Bitcoin 145

PYMNTS

OCTOBER 18, 2018

At the time, Heinz Tännler, finance director of the canton of Zug in Switzerland, told reporters that the nation would clarify financial regulations on providing banking services to crypto businesses by the end of the year. “Time is pressing,” he said.

Guidelines 213

Guidelines cryptocurrency blockchain National 213

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

MAY 20, 2020

SCT Inst was developed in 2017 to establish operational guidelines by which all real-time payment rails in the EU are required to comply. Official guidelines and regulations can only go so far, however. This marked the first real-time payments regulatory framework in the region that addressed all EU countries.

Payments 210

Payments Guidelines Regional Strategy 210

PYMNTS

APRIL 10, 2017

New York’s financial regulator had a bold claim to offer over the weekend — she claimed that other states should use New York’s sweeping cybersecurity rules as a model for how insurers must protect their networks from hackers. New York also has clear guidelines for when and how firms have to report when there are hacks. “We

New York 110

New York Regulation Denver Guidelines 110

PYMNTS

DECEMBER 23, 2019

The Reserve Bank of India (RBI), in a move to protect the interests of consumers, has passed a regulation that says the allowable exposure of a lender to all of its borrowers should not go over Rs 50 lakh ($70,000) at any time on a peer-to-peer (P2P) platform, according to a report by Business Insider. “On

Lending 132

Lending Guidelines System Operations 132

PYMNTS

AUGUST 21, 2019

Separately, the Reserve Bank of India has published the final version of its guidelines for FinTechs under the document known as the “Enabling Framework for Regulatory Sandbox,” according to Crowdfund Insider. WhatsApp has also reportedly been in talks with Bank Mandiri, which operates as a state-owned bank that has its own digital wallet.

Fintech 174

Fintech Guidelines Policies Regulation 174

PYMNTS

NOVEMBER 9, 2020

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. regulators have taken a more hands-off approach by issuing non-binding guidelines, thus allowing industry stakeholders to pave the way forward.

Fintech 285

Fintech Data Regulation Innovation 285

Abrigo

NOVEMBER 14, 2024

Banks should regularly update their risk profiles, audit their processes, and ensure compliance with FFIEC guidelines. By being proactive, banks can safeguard themselves from regulatory penalties and ensure their operations align with evolving compliance standards. Provide timely updates in response to changes in regulations.

Compliance 221

Compliance How To Training Software 221

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. We need regulation,” she said in Copenhagen. “So Vestager was mainly trying to determine how Amazon operates with smaller companies, and whether it gives itself an advantage over them.

Data 108

Data Regulation Guidelines Maine 108

PYMNTS

JUNE 23, 2020

Developers, too, will now have the ability to challenge App Store guidelines. Getting a lot of attention out of the WWDC keynote is the upcoming version of the iPhone operating system, iOS 14, which will now allow users to pin updating widgets on the home screen, including calendar and maps mini-programs.

Apple 175

Apple Guidelines Software Conference 175

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. and the U.S. Similar to the U.K. 18, 2019, Choi continued.

Innovation 245

Innovation Regulation Digital Banking Security 245

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

JANUARY 23, 2020

New guidelines from the European Union (EU) allow for countries to restrict or exclude “high-risk” 5G providers from important parts of their telecom networks, according to Reuters. These guidelines warn about security interference from a third country in the supply chain of 5G networks, as well as the dangers of relying on only one vendor.

Guidelines 131

Guidelines Security Operations National 131

Abrigo

AUGUST 19, 2024

This includes having control over the BSA department’s operations, making necessary adjustments to the Anti-Money Laundering (AML) system, and managing staffing levels. BSA compliance officers should do their best to drive home the importance of following FFEIC guidelines before making the case for the resources they need. We can help.

Resources 195

Resources Compliance Management Training 195

PYMNTS

JUNE 18, 2020

The guidelines come as the AGA reports 621 casinos have opened in 29 states since June 12 while, others are making plans to do so. “The COVID-19 pandemic made it all the more important to advance our efforts to provide customers with the payment choice they are more comfortable with and have increasingly come to expect in their daily lives.”.

US 166

US Nevada Guidelines Regulation 166

PYMNTS

DECEMBER 17, 2019

In a move to prevent technology giants from having an unfair advantage, Japan is planning to increase regulations and demand transparency, Reuters reported on Tuesday (Dec. In September , Japan’s Fair Trade Commission announced that draft guidelines were in place that would promote tighter regulation of larger tech firms.

Guidelines 131

Guidelines Google Apple Regulation 131

PYMNTS

JUNE 29, 2017

Restaurants have to follow regulations set by the food and health administrations, such as cleanliness guidelines and storing various foods at specific temperatures. Drako had founded several companies, including Barracuda Networks, and was frustrated with the lack of real-time information about his manufacturing operations.

System 193

System Austin Guidelines Texas 193

PYMNTS

SEPTEMBER 28, 2020

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. Regulators in countries like Egypt have only recently rolled out their data protection rules.

Online 151

Online Report Payments Regulation 151

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. In the U.K.,

How To 170

How To blockchain Compliance Fraud 170

PYMNTS

NOVEMBER 4, 2020

regulators have taken a more hands-off approach by issuing non-binding guidelines, thus allowing industry stakeholders to pave the way forward. regulators acknowledge that although there is a market and demand for open banking, the current regulatory structure prioritizes consumer protection.”.

US 171

US Boston Regulation Data 171

PYMNTS

JANUARY 22, 2021

And that opened up an entirely new playing field for online gaming establishments now free to operate in any state that would allow them. And I’d imagine the feeling among regulators has been that an organized money laundering effort could be policed because they [the casino] would actually see it happening. Untangling Red Tape.

Online 181

Online Tennessee Regulation Michigan 181

PYMNTS

SEPTEMBER 16, 2020

Establishing trust is crucial for all companies that operate in the sharing economy. Ridesharing marketplaces similarly rely on trust to please the car owners and renters who use their platforms, verifying that both parties are who they say they are as well as complying with relevant regulations. . Catering To Renters’ Needs .

Taxes 230

Taxes Guidelines Meeting Security 230

PYMNTS

MAY 27, 2020

CUs are also faced with the challenge of how to adjust their operations to match new legal regulatory requirements, such as those stipulated in the CARES Act, and the Credit Union National Association (CUNA) hopes to help. About The Tracker.

ATM 243

ATM Innovation Meeting United States 243

Abrigo

MAY 18, 2023

How to evaluate loan review processes based on their scope and depth A closer look at loan review can help your institution determine what steps to take to please regulators and streamline processes. Takeaway 2 Examining regulatory guidelines and matching up your current loan review process can help assess roles and procedures.

Lending 195

Lending Training Guidelines Policies 195