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

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. He explained that the cloud can help FIs swiftly respond to compliance and security challenges during the pandemic.

Compliance 225

Compliance Regulation Guidelines Security 225

PYMNTS

SEPTEMBER 28, 2018

In an effort to get more clarity on the regulation of digital currencies, U.S. Securities and Exchange Commission (SEC) chairman Jay Clayton. 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.

Regulation 139

Regulation San Francisco US Bitcoin 139

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

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

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

MAY 1, 2020

Financial institutions (FIs) and regulators in Singapore, the E.U. have passed laws or implemented programs over the past two years to put more focus on digital banking and data security, fundamentally changing how online transactions work. with ease, control and security.”. and the U.S. Similar to the U.K.

Innovation 245

Innovation Regulation Digital Banking Security 245

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

APRIL 3, 2019

The funds will be used for global expansion and product development, as well as a move into the security token market. The data is clear that, today, the most likely consumer loss scenario for any cryptocurrency company is hot wallet loss, due to hacking,” wrote Philip Martin, Chief Information Security Officer at Coinbase in a blog post.

Security 148

Security Bitcoin cryptocurrency Policies 148

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. Securities Exchange and DLT.

blockchain 145

blockchain Regulation Payments Bitcoin 145

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

DECEMBER 8, 2020

Cybercriminals are constantly one step ahead of government regulators, developing new and inventive schemes faster than the authorities can quash them. Some exchanges even deliberately avoid having KYC systems by obfuscating their country of origin to make it harder for regulators to impose national compliance guidelines.

cryptocurrency 261

cryptocurrency Mobile Compliance Analysis 261

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. The Committee on Payments and Market Infrastructures ( CPMI ) monitors central banks’ ability to clear and settle funds safely, efficiently and in accordance with international and domestic regulations.

Payments 210

Payments Guidelines Regional Strategy 210

PYMNTS

JULY 9, 2020

Japan said it would begin implementing the rules next year, and South Korea plans to introduce some regulations this year. wasn’t a party to the regulations, American auto makers will have to abide by the rules to sell cars in countries that have the new guidelines. And while the U.S.

Security 146

Security United States Guidelines Texas 146

PYMNTS

MAY 22, 2020

Interoperability is crucial to these large projects, as faster payments relies on secure data exchange and a dizzying array of third-party APIs to make all the necessary connections and authentications. But the plight of American SMBs and consumers seems more pressing at the moment. Problem No.

Payments 344

Payments Policies Guidelines National 344

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

In today's interconnected world, efficient and secure money movement is crucial for individuals and businesses alike. Money transmitters like Western Union, PayPal, MoneyGram, Zelle, and many others, facilitate secure digital transactions, allowing people to send and receive funds across borders and within the U.S.

Compliance 195

Compliance Fraud Regulation Guidelines 195

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). Around The Data Protection And Security World.

Digital Banking 136

Digital Banking Guidelines Regulation Data 136

PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

US 227

US Cyber Security Security National 227

PYMNTS

JUNE 13, 2018

They are increasingly being utilized to help banks prepare themselves for the impact of the General Data Protection Regulation ( GDPR ), PSD2 and other future open banking protocols, Hedberg explained. Tink’s API platform was designed to help banks and FIs prepare for the arrival of new regulations as they roll out.

Regulation 115

Regulation Guidelines Tools Data 115

PYMNTS

JANUARY 10, 2019

McLain told PYMNTS that the guidelines the card schemes or PSPs offer to merchants can assist with the technical heavy lifting that can help balance security and commerce. The guidelines could help a merchant capitalize on the maximum number of exemptions that are available as part of PSD2. Looking for Exemptions.

Guidelines 173

Guidelines Compliance Fraud Cards 173

PYMNTS

JUNE 18, 2019

Two lawmakers want to pass an amendment that aims to stop a massive data collection program run by the National Security Agency (NSA). The bipartisan amendment wants to defund the program unless the government vows that it won’t intentionally collect data of Americans, including emails, messages and browsing data, without a warrant.

Guidelines 123

Guidelines Data United States CA 123

PYMNTS

JULY 15, 2019

The rapid growth of cryptocurrency has come with closer scrutiny and a call for tighter anti-money-laundering (AML), know-your-customer (KYC) regulations. This push for regulations hasn’t come without controversy. Some think they go too far.

cryptocurrency 129

cryptocurrency Regulation Guidelines User Experience 129

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 […]

Regulation 77

Regulation Data Guidelines Security 77

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

JUNE 11, 2020

What is new is the way in which the technology is being incorporated into businesses’ broader efforts to comply with relevant AML/KYC regulations to help mitigate identity theft and fraud and the legislation being adopted to support those technologies and govern the ways they are implemented.

Compliance 186

Compliance Guidelines Meeting Tools 186

PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations.

United States 174

United States Regulation cryptocurrency Cleveland 174

PYMNTS

JUNE 3, 2016

” “We could say that, if the immediate security around SWIFT is not in order, we could cut you off. ” That statement comes just a few days after details of new security measures were released, which itself follows in the wake of a run of high-profile bank hacks. “There are pros and cons to that.

Security 100

Security Guidelines Regulation Operations 100

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

PYMNTS

FEBRUARY 7, 2019

In an interview with Spencer McLain, director of global risk solutions at Whitepages Pro , this seeming bifurcation of knowledge of what’s coming with open banking, and preparedness to adapt and adopt to those changes (paper trails are still stubborn in the digital age), comes with contrasting mindsets tied to those regulations.

Guidelines 190

Guidelines Data Compliance Regulation 190

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.”. And that is not all.

US 171

US Boston Regulation Data 171

PYMNTS

OCTOBER 13, 2019

Bengaluru-based Razorpay would like to work with the Reserve Bank of India (RBI) on new regulations that would make it mandatory for payments companies to comply with RBI’s entry point, technology, security, data storage and more. So far, we haven’t dealt with the regulator directly, because we were small. It is a welcome step.

Payments 140

Payments Regulation Guidelines Innovation 140

PYMNTS

OCTOBER 3, 2016

Because the Yahoo case was so large in scale and whether Yahoo executives acted responsibly is uncertain, it may become a test case for the SEC in shaping new guidelines. Securities and Exchange Commission to investigate the disclosure action taken by Yahoo’s executives. Yahoo claimed on Sept. This week, Sen.

Guidelines 185

Guidelines Security Data Company 185

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

PYMNTS

MAY 25, 2016

To help repair its damaged reputation, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) announced on Tuesday (May 24) that it plans to launch a new security plan to help combat ongoing bank heists. “Many of the less protected banks are in countries w[h]ere skills are really scarce,” he added.

Security 100

Security Conference Guidelines New York 100

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

Abrigo

AUGUST 19, 2024

As Hannakah Rubin, Senior Client Development Consultant at Abrigo, explained in a recent episode of Abrigo’s Ahead of the Curve podcast , the FFIEC guidelines provide some room for interpretation. However, the core requirement is that compliance officers must be able to take any necessary actions to mitigate risks. We can help.

Resources 195

Resources Compliance Management Training 195