Perficient

NOVEMBER 14, 2024

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility.

Regulation 221

Regulation Exercises System Fraud 221

Perficient

APRIL 2, 2021

The agencies collectively announced a request for information (RFI) to gain input from stakeholders including financial institutions, trade associations, and consumer groups. Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. Credit Decisions. Cybersecurity.

Regulation 309

Regulation Industry Risk Management Analysis 309

Perficient

NOVEMBER 21, 2024

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility.

Regulation 221

Regulation Guidelines Study System 221

PYMNTS

NOVEMBER 12, 2020

Built on the back of Regulation Crowdfunding under the Jumpstart Our Business Startups (JOBS) Act, Miventure operates as a funding portal to connect SMBs with unaccredited investors, a relatively new paradigm for SMBs used to turning to traditional banks or venture capitalists to back their companies.

Regulation 232

Regulation Capital Marketing Lending 232

Abrigo

FEBRUARY 10, 2022

Takeaway 3 Proposed changes will further define beneficial ownership and outline procedures for disclosing information. The Organization for Economic Co-operation estimates that the transferred funds uncovered in the Pandora Papers leak totaled $11 trillion. Need to Know. Sometimes, the owner and controller are the same person.

Training 195

Training Regulation Report Compliance 195

Perficient

NOVEMBER 4, 2024

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility.

FDIC 170

FDIC Regulation Risk Management Compliance 170

PYMNTS

AUGUST 6, 2020

The bulk of this value is driven by savings and operational efficiencies, as AI could cut costs for banks by reducing the human error that occurs in payments and other operations. Artificial intelligence (AI) is also driving payments innovations, with a study finding that it could add $1.2

Regulation 245

Regulation Payments Innovation Fintech 245

Perficient

NOVEMBER 8, 2024

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility. Impact assessment.

Regulation 221

Regulation Risk Management Policies Compliance 221

PYMNTS

JUNE 25, 2020

In today’s top news, Wirecard files for insolvency, and New York proposes easing regulations for cryptocurrency licenses. New York To Ease Cryptocurrency Regulations. plans to offer a Samsung Pay Card that will operate like a digital wall for customers. Wirecard Files For Insolvency, Seeks Court Protection.

New York 248

New York cryptocurrency Regulation Samsung 248

PYMNTS

MAY 22, 2020

Zomato, an India-based food delivery startup, is reportedly being investigated by regulators for its purchase of Uber Eats India, which could be seen as violating the nation’s anti-competitive rules, sources told MoneyControl.com. We have received similar information requests in the past on other transactions we have undertaken.

Regulation 181

Regulation Report Security Operations 181

Abrigo

MAY 19, 2023

Introduction How regulators define successful loan reviews Mark Twain observed, “A thing long expected takes the form of the unexpected when at last it comes.” So, let’s get a sense of what regulators specifically expect loan review to do, and let’s start with loan review systems.

System 195

System Regulation How To Lending 195

Perficient

NOVEMBER 27, 2023

In the dynamic environment of highly regulated industries like healthcare and financial services, leaders often balance competing goals to delight customers while cutting costs. Diagnosing and Correcting Process Failures Despite the billions spent yearly to digitize processes, companies often are not operating at their maximum potential.

Industry 221

Industry Regulation Compliance Data 221

Perficient

AUGUST 16, 2020

However, you may not know that there are certain rules/regulations that must be accounted for so you can remain compliant with FCC regulations. This law will apply to manufacturers, sellers, lessors, and nay business that installs manages, or operates an MLTS. RAY BUAM’S Act. What happens if you don’t act soon?

System 348

System Regulation Texas Compliance 348

Perficient

MARCH 10, 2022

Our engagements range from implementing Drupal websites and portals to strategizing personalization and customer journeys, including clients in regulated industries like healthcare and financial services. Since last year’s Partner Awards, we’ve seen how partners, brands, and businesses across the globe have adapted to new ways of operating.

Customer Experience 474

Customer Experience Innovation Regional Community 474

PYMNTS

JULY 5, 2020

The nation’s marijuana regulator has told financial institutions to treat the $500 million hemp businesses the same way they would any other businesses. Among the rules: Banks must obtain identifying information, including a copy of licenses, as they would for any customer.

US 352

US Nevada Arizona Guidelines 352

CFPB Monitor

AUGUST 12, 2022

On July 29, 2022, the New York Department of Financial Services (“NYDFS”) released Draft Amendments to its Cyber Security Regulations. The Amendments, if adopted, would further regulatory trends and impose important new requirements on covered entities. The Amendments contain three significant changes relating to ransomware.

Regulation 147

Regulation Cyber Security New York Trends 147

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

New York 221

New York Compliance Regulation Analysis 221

PYMNTS

OCTOBER 9, 2020

A government report found that airplanes have a number of digital technologies that might become susceptible to hackers and says American regulators have not put sufficient methods in place to contend with the risk, Bloomberg reported.

Report 348

Report System Regulation Technology 348

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence Perficient’s Risk and Regulatory Center of Excellence (CoE) remains at the forefront of evolving financial rules and regulations, ensuring readiness to tackle emerging challenges and safeguard financial institutions and its customers.

Compliance 221

Compliance New York Regulation Analysis 221

Perficient

DECEMBER 14, 2020

Crisis response, maintaining safe and operational working conditions, mitigating supply chain disruptions, maintaining liquidity, and deftly responding to shifts in the market have emerged as key focus areas for all businesses. Cloud Computing will be Increasingly Regulated. Cloud Marketplace Usage will Increase.

Technology 348

Technology Trends Software Resources 348

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

NOVEMBER 2, 2020

Regulation. The Digital Services Act will be one of the regulations, which Vestager said will revise the eCommerce Directive and will make digital services take additional responsibility for contending with “illegal content and dangerous products.”. The Digital Markets Act is a second set of regulations. each month.

Taxes 212

Taxes National Regulation Google 212

Perficient

MAY 15, 2023

Additionally, maintaining clear, comprehensive data systems promotes business ethics and adherence to laws and regulations enforced by regulatory bodies. Want to learn more about financial services industry-specific considerations for improving operational efficiency through data optimization?

Data 275

Data Conference New York City New York 275

PYMNTS

OCTOBER 12, 2020

The FinTech, which claims London as home, is likely to apply for a charter with the Federal Reserve Bank of San Francisco and California’s Division of Financial Institutions within the next few weeks, people with inside information told CNBC. Revolut is valued at $5.5 with interstate agreements, according to the unnamed source, CNBC reports.

San Francisco 268

San Francisco Wyoming US Utah 268

Perficient

JUNE 5, 2020

Secure software practices are at the heart of all system development; doubly so for highly regulated industries such as health-care providers. This includes static application structure, dynamic application behavior, third-party component patch/version levels, and overall deployment environment compliance with hardened operating systems.

Compliance 332

Compliance Security Software System 332

PYMNTS

APRIL 9, 2020

The cybercriminals demanded $6 million in ransom with a promise that they would not release the sensitive information of Travelex customers, including birthdates and credit card numbers. They claimed to have birthdates, credit card information and national insurance numbers and demanded the $6 million payment.

Report 279

Report Groups Data Cards 279

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

JANUARY 26, 2021

In other news, European FinTech SIA is partnering with WizKey to create a platform to allow credit negotiations on blockchain for banks, financial operators and funds, according to a press release. Diokno, Philippines’ Central Bank (BSP) governor in the release.

blockchain 244

blockchain Guidelines cryptocurrency Marketing 244

PYMNTS

NOVEMBER 1, 2020

In Apple 's annual report , the tech giant discussed the impact that various legal proceedings and new regulations around the world could have on its operations and financial conditions. Apple said that, regardless of the merit of those claims, the lawsuits can prove expensive, costing time and disrupting day-to-day management.

Apple 235

Apple Company Report Regulation 235

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

JUNE 30, 2020

Cade , the Brazilian antitrust watchdog, announced it would be reversing its decision to suspend the WhatsApp payment services partnership between Facebook and Brazilian card operator Cielo , Reuters reported.

Regulation 175

Regulation System Payments Cards 175

PYMNTS

JUNE 30, 2020

An attorney for former CEO Markus Braun indicated per the report that “the assumptions and imputations” in the outlet’s questions regarding the document were not understandable to his client and “obviously based on information taken wholly out of context.”.

Regulation 222

Regulation Report Operations Payments 222

Abrigo

APRIL 6, 2022

Takeaway 2 The change includes an obligation to inform regulators of a “notification incident” ASAP and no later than 36 hours after a reportable event occurs. Background Historically, the federal banking regulators required financial institutions to file two types of reports for certain cybersecurity incidents.

Security 195

Security Regulation District of Columbia United States 195

Abrigo

AUGUST 19, 2022

Takeaway 1 Regulators recently reminded financial institutions to have risk-based customer due diligence ( CDD ). Just as not all independent ATM owner or operator customers pose the same level of risk, not all independent ATM owner or operator customers are automatically at higher risk. Record-keeping.

ATM 195

ATM Regulation Fraud Policies 195

PYMNTS

DECEMBER 23, 2020

The road to mainstream acceptance of cryptocurrencies will still have its bumps, its potential roadblocks set in place from regulators. At the heart of it all might lie a jousting existential in nature — namely, between the companies that create and issue cryptos and the agencies that regulate them.

cryptocurrency 234

cryptocurrency Security Bitcoin Regulation 234

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. Considering t he global nature of COVID-19, regulators outside of the U.S.

Data 199

Data Retail US California 199

Chris Skinner

MAY 9, 2017

Here’s what they have to say: ABSTRACT European political leadership has set a world class example with recent consumer-focused legislative actions, such as PSD2 and the General Data Protection Regulation. These legislative acts foster innovation and drive both competition and choice in the market. accountants, Start-ups etc.…)

Fintech 303

Fintech Innovation Leadership Data 303