PYMNTS

NOVEMBER 8, 2018

banks and financial technology firms have worked together to create a set of guidelines to improve the relationship between FinTech startups and financial institutions (FIs). The new guidelines, developed by the British Standards Institute (BSI), aim to address issues that interfere with FinTech firms and banks forming alliances.

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Guidelines Fintech Retail Financial Technology 192

PYMNTS

SEPTEMBER 11, 2020

Before the anticipated deployment of iOS 14 later in September, Apple updated its App Store guidelines on Friday (Sept. Also, Apple’s guidelines now indicate that digital one-on-one classes, such as exercise instruction, can circumvent the company for payment.

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Guidelines Apple Exercises Google 141

BankInovation

MAY 20, 2024

The Securities Exchange Commission is setting stricter guidelines on how financial institutions deal with data breaches as cyberattacks climb. The federal watchdog is looking to implement […]

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Regulation Data Guidelines Security 77

PYMNTS

SEPTEMBER 4, 2019

Facebook is asking global regulators to write new data sharing guidelines after the company was compelled to revamp its own approach to the issue, according to a report in the Financial Times. million on lobbying amid growing scrutiny by government and regulators over privacy and antitrust issues. Facebook has spent about $12.6

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Guidelines Data social media Regulation 108

Bank Innovation

FEBRUARY 6, 2018

The Hong Kong Monetary Authority has released draft guidelines for virtual banks looking to set up in the region, the South China Morning Post reported today. The authority, which will issue its final guidelines on the matter in May, is proposing that virtual banks will need to have a minimum of $38.6 million U.S., or […].

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Guidelines Regional Report Online 170

The Paypers

JULY 11, 2024

The Bank of Italy has prepared a series of guidelines for local financial institutions in the context of MiCA regulations implementations.

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Guidelines Regulation 36

The Paypers

NOVEMBER 11, 2024

The Reserve Bank of India (RBI) has announced new modifications to Know Your Customer (KYC) guidelines, with the regulator intending to optimise how financial institutions verify identities.

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Regulation Guidelines 36

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.

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Guidelines Industry Technology Regulation 115

American Banker

NOVEMBER 9, 2023

Speakers at DC Fintech Week highlighted ways forward for regulators to keep pace with artificial intelligence, such as by setting up "guardrails" before guidelines.

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Regulation DC Guidelines Innovation 85

Payments Dive

JUNE 4, 2019

Even with FinCEN's new guidelines on cryptocurrency, there are still many gray areas. Misiala Jr., counsel at BakerHostetler provides some clarity in a Q&A.

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Guidelines Regulation blockchain cryptocurrency 341

The Paypers

SEPTEMBER 18, 2023

Malta’s Financial Services Authority (MFSA) plans to change the country’s crypto guidelines to align with the EU Markets in Crypto Assets (MiCA) regulation.

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Guidelines Regulation Marketing 45

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.

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cryptocurrency Regulation social media Guidelines 147

The Paypers

JANUARY 31, 2024

The European Securities and Markets Authority ( ESMA ) has published two Consultations Papers on guidelines under Markets in Crypto Assets Regulation.

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Guidelines Regulation Security Marketing 41

PYMNTS

MARCH 2, 2020

Lawmakers in New Jersey are proposing a bill to solidify data privacy guidelines and inflict tougher limits on the tech industry, The Wall Street Journal reported on Monday (March 2). 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.

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NJ New Jersey Regulation Data 249

The Paypers

JULY 27, 2023

Canada’s financial regulator has proposed new capital and liquidity requirements for bank and insurer crypto-asset exposure.

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Guidelines Regulation Capital 69

PYMNTS

DECEMBER 3, 2019

It also clarifies the BSA guidelines when offering financial services to hemp-related businesses. The Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), FinCEN , the OCC and the Conference of State Bank Supervisors participated in issuing the definitions and guidelines.

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Regulation Guidelines FDIC Conference 137

American Banker

JULY 18, 2024

The guidance is largely unchanged from what the agencies proposed last year. It directs institutions to craft policies that consider a wide array of potential shortcomings.

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Guidelines Regulation Policies Compliance 36

American Banker

JUNE 8, 2023

Federal bank regulators issued proposed guidelines for banks and other mortgage lenders to craft policies around reconsideration of value requests. The move is the latest aimed at rooting out bias in home appraisals.

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Policies Regulation Guidelines Compliance 68

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.

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American Banker

JUNE 18, 2024

and Office of the Comptroller of the Currency issued proposals to update their bank merger review guidelines, but public comments reflect radically different attitudes from stakeholders about how high the bar to mergers should be. The Federal Deposit Insurance Corp.

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Guidelines FDIC Compliance Regulation 48

BankInovation

AUGUST 19, 2022

Federal Reserve Board guidelines on granting financial institutions access to its new payment system provide some clarity — but could discourage innovative fintechs from joining. The guidelines come as the fintech sector grows and more companies seek access to so-called “master accounts and payments services" offered by the Fed.

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Guidelines Innovation Fintech Payments 52

PYMNTS

JUNE 19, 2020

A top British financial services regulator Friday proposed new regulations that could help borrowers bracing for the end of consumer protections implemented as COVID-19 bore down on the country.

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Regulation Guidelines Maine Cards 210

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.

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Compliance Regulation Payments Study 198

Abrigo

FEBRUARY 18, 2016

This time, Linda will be discussing "The C's of Credit Guidelines for Tax Return Analysis." When Linda Keith asks a guidelines question in Tax Return Analysis training, she generally hears different answers throughout the room, even among attendees from the same bank. Should your guidelines be flexible or are they hard and fast rules?

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Guidelines Analysis Taxes Training 150

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.

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Compliance Guidelines Policies Risk Management 221

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.

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Meeting Regulation Guidelines Data 151

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.

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Regulation Guidelines Groups Report 141

American Banker

MARCH 1, 2024

The growing buy now/pay later industry requires regulations, but existing regulations for credit card lenders are not fit to the purpose. BNPL needs bespoke guidelines to protect consumers.

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Regulation Cards Guidelines Industry 41

PYMNTS

OCTOBER 19, 2018

Following the proposal of a payments regulator to be established independent of the Reserve Bank of India (RBI), the central bank has put forward a public objection. Regulation of the payment system by the central bank is the dominant international model for stability consideration,” the central bank said in a note on Friday (Oct.

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Regulation Payments Guidelines System 172

The Paypers

DECEMBER 28, 2018

(The Paypers) The national food regulator Food Safety and Standards Authority of India (FSSAI) has issued revised guidelines to step up scrutiny of ecommerce food companies.

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Guidelines Regulation Company National 53

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.

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Meeting Regulation Guidelines Data 130

PYMNTS

MAY 16, 2019

Jack Ma, the Chinese billionaire and founder of Alibaba, expressed concerns technology companies will be harmed by increased regulation coming out of Europe. With lawmakers and regulators around the world clamping down on technology companies, the European Union has become one of the fiercest critics of tech companies.

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Regulation Innovation Guidelines Conference 166

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. regulators are searching for solutions that can make the privacy landscape more cohesive, with Sen. Sixty-three percent of U.S.

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Regulation Data US Washington 154

PYMNTS

JULY 15, 2019

The Financial Action Task Force (FATF) recently released guidelines intended to increase the transparency of digital asset transactions, as regulators push for greater cryptocurrency oversight. In retail news, the legal cannabis industry is evolving in Colorado with the state’s licensed businesses.

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Regulation Colorado Data Guidelines 128

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.

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Regulation Fintech Guidelines Capital 128

The Paypers

AUGUST 28, 2024

The Superintendence of Industry and Commerce (SIC) has alleged that Worldcoin , a company that verifies identities using iris scanning, violated personal data protection guidelines in Colombia.

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Guidelines Regulation Industry Data 36

PYMNTS

MAY 19, 2016

The agencies said that the interagency guidelines state that the banks should “avoid or reconcile” what is credited to a customer account and how much was deposited. Banks, according to the guidance, must adopt policies that are governed by “fairness” as consumers make deposits that do not violate law.

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Guidelines Policies National Regulation 100