PYMNTS

OCTOBER 14, 2020

MercadoLibre , which operates platforms for buying and selling goods across Central and South America, is eyeing an investment in Brazil next year that would be even bigger than its $716 million investment this year, Bloomberg reported. However, it is not simply a technology or a regulation.

United States 260

United States America Regulation Regional 260

PYMNTS

SEPTEMBER 21, 2020

In a bit of high-tech saber-rattling, Facebook is threatening to pull the plug on its social media platform in the European Union if a controversial decision by Irish regulators is allowed to stand. according to Metro. government.

social media 230

social media Data Metro United States 230

PYMNTS

MARCH 27, 2020

While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. European Union and other regions currently fighting the pande mic.

Data 199

Data Retail US California 199

PYMNTS

APRIL 30, 2020

The COVID-19 pandemic has caused an impact on open banking developments worldwide as regulators, financial institutions (FIs) and businesses set their sights on helping their current customers rather than future innovations. where regulators have been workshopping potential rules for several years. Seventy percent of U.S.

Regulation 188

Regulation Regional Data United States 188

PYMNTS

JUNE 5, 2020

FIs and their regulators are clinging to that vision even as they work to answer complicated questions brought about by the virus surrounding online payments, security and data privacy. Regulators are addressing what data can be shared compliantly under the General Data Protection Regulation (GDPR), for example. EU and U.K.

Regulation 131

Regulation Data Online Regional 131

PYMNTS

JULY 16, 2020

In a surprise win for privacy advocates, the European Court of Justice has ruled companies will face restrictions on storing information about European Union (EU) residents on U.S. s surveillance practices should put an end to storing personal information about Europeans, The Journal reported. servers, The Wall Street Journal reported.

Data 212

Data US Regional Resources 212

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. Under the new regulations, the units would be limited to operating in China’s Chongquing municipal region. On Tuesday (Jan.

Groups 141

Groups Regulation Lending Operations 141

PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems.

Mobile 229

Mobile Report America Regulation 229

PYMNTS

JULY 23, 2020

Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. the region. There were 441 FinTechs operating in Mexico in 2019, a 14 percent increase from 2018. Open Banking And Digital Readiness.

America 165

America Regulation Regional Tools 165

PYMNTS

MAY 31, 2020

Uber has been approved by the National Economic Prosecutor’s Office (FNE), Chile’s antitrust regulator, to acquire the Chilean grocery shopping app Cornershop, according to an FNE statement. Although Chile has now granted permission, Mexico regulators still have not.

Online 163

Online Regulation Retail Regional 163

PYMNTS

JUNE 15, 2020

Supply chain disruptions and economic volatility have elevated risk exposure for many enterprises, but for small- to medium-sized businesses (SMBs) operating globally, that risk of exposure can be catastrophic. Indeed, for some SMBs, it already has, with economists anticipating a wave of bankruptcies and permanent SMB closures ahead.

Regional 245

Regional Operations Fintech Tools 245

CFPB Monitor

DECEMBER 2, 2020

Chris Chilbert will serve as the Chief Information Officer in the Bureau’s Operations Division. Before joining the Bureau, Mr. Chilbert served as Assistant Inspector General for Information Technology at the U.S. Pappalardo will serve as the Associate Director for Research, Markets and Regulations.

United States 78

United States Washington Regional Resources 78

PYMNTS

MARCH 12, 2020

But the latest initiatives reveal a growing interest in transforming internal processes, particularly among smaller banks looking to upgrade their core infrastructure and elevate small business lending operations. The regional bank also noted growing interest among smaller FIs to embrace the bank-FinTech collaboration trend.

Lending 194

Lending Risk Management Fintech Community 194

Abrigo

JUNE 14, 2021

Common root causes include: Lack of a formal OFAC SCP Misinterpretation or failure to understand OFAC regulations Facilitating transactions by non-U.S. For further information on OFAC or the recommendations for a SCP, visit the OFAC website or OFAC Frequently Asked Questions. BSA Rules and Regulation. BSA Rules and Regulation.

Compliance 370

Compliance Training Resources Policies 370

PYMNTS

FEBRUARY 25, 2020

The country’s recent cybersecurity and Open Banking developments have thus been the subjects of extensive scrutiny among its own regulators, as well as among cyber and financial experts around the world. Chinese regulators are also working on regulations to shore up application programming interface (API) innovations and platform banking.

Regulation 140

Regulation Compliance Online Data 140

PYMNTS

FEBRUARY 24, 2020

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. The country’s government and regulators are keeping pace with those in the European Union and the U.S.

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

NOVEMBER 12, 2020

Morgan , the successful treasury transformation in the Asia Pacific region hinges on digitization — and not simply electronification. Corporates must look at the entire set of processes that govern operations, whether with their own clients or suppliers and with banking partners in the middle, he said.

Innovation 295

Innovation Regional Data Payments 295

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

NOVEMBER 25, 2019

To that end, in France a number of media enterprises — ranging from the APIG press alliance, which represents dozens of national and regional papers, to AFP and the union of magazine editors — have filed complaints with EU regulators over copyright laws. Health Records and Google.

Taxes 130

Taxes Google Data Regulation 130

PYMNTS

SEPTEMBER 11, 2019

Currently, there are 57 real-time payments rails operating in more than 72 countries, with even more under construction. Different regions have their own unique payment rails, and no two abide by the same regulatory framework. Other initiatives are being spearheaded across regions. So, what’s the problem?

Payments 190

Payments Regional Operations Guidelines 190

South State Correspondent

APRIL 30, 2024

Meet Competitive Pressures : National and larger regional banks are specifically targeting better borrowers for five, seven, ten-year fixed-rate loans. We believe that community banks should choose a path that offers the most operational flexibility. Eliminate Interest Rate Risk: Eliminate margin compression when interest rates rise.

Community Bank 195

Community Bank FDIC Community National 195

South State Correspondent

APRIL 30, 2024

Meet Competitive Pressures : National and larger regional banks are specifically targeting better borrowers for five, seven, ten-year fixed-rate loans. We believe that community banks should choose a path that offers the most operational flexibility. Eliminate Interest Rate Risk: Eliminate margin compression when interest rates rise.

Community Bank 195

Community Bank FDIC Community National 195

PYMNTS

MARCH 11, 2020

Regulators are passing stricter policies, as well as cracking down on anti-money laundering (AML), Know Your Customer (KYC) and sanctions noncompliance. A consortium of UAE banks is developing a blockchain-based platform over which they could share information about authenticated customers. Find the full story in the Tracker.

Fraud 150

Fraud Payments Guidelines Regulation 150

Abrigo

APRIL 21, 2023

Kirby “If you do it correctly, you can shrink your scope size and look at riskier portfolios,” said Kent Kirby, a retired banker with 39 years of experience in all aspects of commercial banking: lending, loan review, back-room operations, credit policy, portfolio management, and portfolio analytics. It speeds things up,” Kirby said.

Lending 195

Lending Risk Management Software System 195

PYMNTS

APRIL 24, 2019

As a result of the policy changes, CIDs will now provide more information about the laws that might have been violated, as well as specify the activities subject to the CFPB’s authority. In addition, Laura Fiene will serve as west regional director.

Policies 115

Policies Leadership Maine Regional 115

PYMNTS

APRIL 18, 2019

The PSD2 -related regulation counts itself among a raft of those set to become law across the continent, focusing on boosting online commerce security by requiring cardholders to provide two forms of identification to verify their identities when transacting. Those under €30 ($33.93

Fraud 148

Fraud Regulation Compliance Online 148

PYMNTS

JULY 17, 2019

“They leapfrogged all the traditional mechanisms and went straight to mobile adoption and biometrics , and that has a significant impact on how the digital identity market operates there, how people respond to it, and what their expectations are,” Cohen told Webster. Europe’s General Data Protection Regulation springs to mind.).

Course 185

Course Regional Data Policies 185

PYMNTS

SEPTEMBER 8, 2020

Here’s the latest news for Big Tech’s Google , Amazon , Apple and Facebook , which are coming under increasing scrutiny from legislators and regulators the world over. Regulation. The FAA’s role is to ensure that any [drone] operation is performed safely,” the FAA said in a statement to PYMNTS.

Taxes 131

Taxes Google Apple social media 131

PYMNTS

JANUARY 16, 2020

Companies must manage increased data processing and transaction volumes for their clients, and the stress pushes many to rely on multiple banks to keep operations running smoothly. This development was driven by a regulation put into place by the country’s Competition and Markets Authority (CMA), which sought to innovate the U.K.’s

Strategy 132

Strategy Data Operations Innovation 132

PYMNTS

MAY 24, 2018

The European Union’s General Data Protection Regulation (GDPR) goes into effect on May 25, officially changing the way EU businesses handle consumer data. Its effects will likely have far-reaching consequences, too, for both EU-based companies and those that operate outside the region. What Is Personal Data, Anyway? In the U.S.,

Data 100

Data Compliance social media Operations 100

Bobsguide

APRIL 13, 2022

Ahmed Essam, Head of Corporate Operations at Banque Misr said, “We selected Finastra due to the efficiency of its solutions and the team’s commitment to our business. For further information please contact: Sofia Romano. For us, Finastra is not just a company that sells software. EMEA PR Manager.

Regional 113

Regional Innovation User Experience Software 113

PYMNTS

JUNE 10, 2016

Across the European market, in general, Uber has faced an immense amount of backlash from the taxi drivers who have claimed that Uber is finding loopholes to operate outside the scope of local regulations. Beyond that, the taxi drivers have accused Uber of posing a threat to the public’s safety, a claim Uber has fought against.

New York 100

New York Regulation Operations Regional 100

PYMNTS

OCTOBER 10, 2016

Users can access news, health information and jobs sites, and data use does not count against the mobile data allowance. Operators were charging varying prices for data, and Facebook was forced to shut down the service after regulatory action was taken against operator schemes. In the U.S., The big carriers in the U.S.

Samsung 100

Samsung Regulation Mobile Regional 100

PYMNTS

AUGUST 20, 2018

Three months in, the European Union’s General Data Protection Regulation still stymies some firms seeking to comply with new rules and regulations governing data protection and privacy. Despite direct exposure to the region, they remain unaware of the GDPR requirements. Japan Eyes Cryptos, Yet Again.

Fintech 101

Fintech Survey Regulation Resources 101

PYMNTS

MARCH 3, 2020

Digital-first transformations can improve personalization and operating efficiencies, but they also bring challenges, including adoption-related costs and new avenues for fraud. Every customer interaction provides FIs with valuable information about their banking habits and financial lifestyles. Digital-First Banking’s Advantages.

ATM 151

ATM Fraud Study Regional 151

PYMNTS

JANUARY 25, 2017

In an interview with Crowdfund Insider, Tania Ziegler, research program manager at CCAF, said the upcoming report “will probe how the industry is responding to shifts in regulation and how platform operators view and address systemic risks associated with a growing market.”. credit assessment, due diligence, etc.),

America 100

America Lending Regulation Regional 100

PYMNTS

JUNE 5, 2017

Welcome to the inaugural issue of the Regulatory Tracker , where from here on out we’ll keep an eye on the rules and regulations that govern who pays what, who pays who, and where, and when. For Google, fines loom , as antitrust regulators in the European Union are targeting the firm’s shopping service.

Regulation 100

Regulation Google Survey Regional 100