PYMNTS

OCTOBER 11, 2018

The People’s Bank of China has announced new anti-money laundering (AML) and counter-terrorism financing regulations for online financial institutions (FIs). China isn’t the only region dealing with these issues. According to Reuters , the new rules — which take effect on Jan.

Regulation 108

Regulation Online Bitcoin Guidelines 108

Bobsguide

MAY 29, 2019

Payments markets are changing drastically, forced by the hand of national and regional regulators as well as a technological advances driving at an incredible pace. Banks and other financial institutions are sitting up to take note. Here, bobsguide speaks with Mohammed Kateeb, group chairman and.

Regional 160

Regional National Fintech Regulation 160

PYMNTS

MAY 16, 2020

“A central entity may be a central bank which regulates a monetary supply,” the company wrote. “A A central entity may maintain exclusive rights to create or destroy currency in a region such as a nation. A central entity may be associated with a government of such a region.”.

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System blockchain Regional Security 320

PYMNTS

JANUARY 7, 2021

The World Health Organization (WHO) is warning that Europe is likely entering into the “acute” phase of the COVID-19 pandemic as nations scramble to quell the latest surge in infections. The approval is the second by European regulators, who greenlighted a vaccine developed by Pfizer and Germany’s BioNTech last month.

National 195

National Regional United States Policies 195

PYMNTS

MARCH 11, 2016

The EU regulators are set to release this data as part of their year-long investigation into potential barriers of the cross-border eCommerce ecosystem. That report is supposed to be released next week and will include details of the 28 nations in the EU. The final report is set for release early next year.

Regulation 100

Regulation Regional Analysis Fraud 100

PYMNTS

DECEMBER 5, 2017

Data management is becoming an increasingly pressing concern for most financial institutions, as bank regulations continue to shift around the globe, according to new research. Regulation over data management is similarly a rising concern for banks, with 60 percent citing achieving data requirements as their top compliance hurdle.

Regulation 100

Regulation Management Data Survey 100

PYMNTS

AUGUST 25, 2016

in particular, a cross-section of states that CEO Douglas Bystry says has its own unique demands and impacts on regional economies. But Clearinghouse CDFI can also offer interesting insight into the state of regulation of small business lending and how greater oversight may impact the SMEs that prop up their local communities.

Regulation 100

Regulation Lending Community California 100

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

Bobsguide

OCTOBER 16, 2018

When the Financial Stability Board (FSB) published its guidelines to national and regional regulators to encourage greater oversight into financial markets, even they couldn’t foresee the deluge of rules and compliance requirements those regulators would begin to craft. In Europe, the most.

Guidelines 115

Guidelines Report Data Regional 115

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. The potential impact of the crisis on open banking’s future in the region is a different story, however.

America 165

America Regulation Regional Tools 165

PYMNTS

APRIL 26, 2020

“Every bank is under the cosh of its national regulators, who in times of crisis show a huge home bias,” said Jan Pieter Krahnen, director of the Center for Financial Studies at the University of Frankfurt, according to FT. This heavily influences risk management and regional exposure, which comes at the expense of clients abroad.”.

US 143

US Regional America Lending 143

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. In talking to community bankers, here are the main reasons provided: Improved Credit Quality : Banks can stabilize the borrower’s debt service coverage ratio (DSCR).

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. In talking to community bankers, here are the main reasons provided: Improved Credit Quality : Banks can stabilize the borrower’s debt service coverage ratio (DSCR).

Community Bank 195

Community Bank FDIC Community National 195

Abrigo

DECEMBER 4, 2015

Sageworks consultants have hosted and spoken at roughly two dozen regional and national events and industry conferences attended by hundreds of banking and credit union executives, regulators and industry professionals. See upcoming regional and national events hosted or attended by Sageworks here.

North Carolina 150

North Carolina Ohio DC Regional 150

PYMNTS

MAY 20, 2020

Making cross-border payments in the EU therefore requires interconnectivity between the regions’ various real-time payments rails. This marked the first real-time payments regulatory framework in the region that addressed all EU countries. Official guidelines and regulations can only go so far, however.

Payments 210

Payments Guidelines Regional Strategy 210

American Banker

JUNE 30, 2023

The reverse is true for four of the nation's largest banks. Following regulatory stress tests, three midsize institutions expect to be required to maintain larger stress capital buffers.

Capital 41

Capital Regional National Compliance 41

PYMNTS

SEPTEMBER 20, 2020

If the European Union (EU) gets its way, the 27-nation bloc will have the power to split or force the sale of giant technology companies that threaten smaller rivals and their customers. Breton said regulators in Brussels are preparing a list of activities that tech companies would be required to eliminate.

Compliance 175

Compliance Regulation System Taxes 175

FICO

MARCH 7, 2023

Home Blog FICO Responsible AI: Are European Firms Ready for the Regulators? There are significant changes coming in Europe, which highlight getting a handle on responsible AI use, with the banking and financial services sector among those that will be most impacted by increasing regulation.

Regulation 52

Regulation America Compliance Fraud 52

PYMNTS

SEPTEMBER 30, 2019

Scrutiny of tech firms is spreading across the globe, hinting at broader regulations over privacy and, possibly, bigger tax bills. Together, we are 80 percent of the region,” Indonesian Communications Minister Rudiantara told the newswire. Reuters noted this past week that such approaches would take place through a unified effort.

Taxes 133

Taxes Regulation cryptocurrency Google 133

PYMNTS

APRIL 16, 2019

Among the most recent headlines, in Asia this past week, the Monetary Authority of Singapore (MAS) and the National Bank of Cambodia have signed a memorandum of understanding (MOU), that Business Times said will boost partnerships on FinTech and financial services innovation. The banks have also agreed to share data on emerging markets.

Fintech 211

Fintech San Francisco National Innovation 211

PYMNTS

NOVEMBER 9, 2017

Small banks do not want to compete with the Amazons and Walmarts of the world when it comes to offering financial services for clients — and as of today, they more or less are protected from having to do so by regulations that prevent banks’ holding companies from branching too far outside of core financial services businesses.

Regulation 100

Regulation Retail New York Apple 100

PYMNTS

APRIL 6, 2020

Based on information from six nations, with the inclusion of the U.K., regulators in Europe said on Monday (April 6) that Mastercard ’s plans to purchase a portion of Nets presents a sizable risk to competition on the continent. The European Commission said it had agreed to a request from the U.K., and the European Economic Area.

National 140

National Regional System Regulation 140

Jeff For Banks

NOVEMBER 24, 2019

September 1st, 1999, regulators from the Federal Deposit Insurance Corp, at the behest of the Office of the Comptroller of the Currency, descended on a small coal mining town in Keystone, West Virginia. Clearly, blue-suit regulators stood out. The bank, First National Bank of Keystone, was $1.1 I'm not making this up.

National 78

National West Virginia Virginia Pennsylvania 78

PYMNTS

DECEMBER 17, 2019

Open Banking is making its rounds across the globe as regulators embrace financial services industry competition, and as financial services players — both banks and FinTech firms — recognize their market opportunities by embracing data sharing.

Metro 136

Metro Regional Fintech National 136

PYMNTS

JULY 17, 2018

In one case at the state level (and it’s New York, so movement there carries much weight within the financial arena), Bloomberg reported that NY’s financial regulator is challenging what the newswire terms a “fundamental principle” on bank and FinTech relationships that brings interest rate caps into that regulator’s crosshairs.

Fintech 100

Fintech Regulation New York Management 100

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. The Paycheck Protection Program (PPP) disbursement fiasco, coupled with the U.S.

Payments 344

Payments Policies Guidelines National 344

PYMNTS

NOVEMBER 20, 2020

In China, the battle of the regulators versus FinTech behemoth has seemingly been joined. . That delay came following controlling shareholder Jack Ma’s meeting with Chinese regulators. The regional bank manager is apt to rely on the calculations and computations of Ant above all else. . Tall Tree’ Worth a Second Look? .

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Groups Regulation Policies Meeting 236

PYMNTS

JUNE 14, 2017

Not only do regulations vary from jurisdiction to jurisdiction, but the consequences of non-compliance vary greatly, too. Efforts to promote fair competition and boost international trade could offer some relief eventually, especially as the nation aims to harmonize its regulations with those of the European Union.

Compliance 146

Compliance Marketing Taxes Groups 146

PYMNTS

JANUARY 29, 2018

China’s rising levels of corporate debt are in the headlines again with the nation’s banking regulator reportedly introducing to lower debt levels. Regulators must keep clear heads and cannot be blindly optimistic,” the regulator stated in its report. Reports in Reuters said Friday (Jan.

National 100

National Regulation New York Regional 100

PYMNTS

JULY 16, 2020

The top court of the 28-nation bloc ruled the transfer of personal data to platforms in the U.S. Companies will have to choose between whether to move personal data to servers in Europe or stop doing business in the region. servers, The Wall Street Journal reported.

Data 212

Data US Regional Resources 212

Abrigo

AUGUST 22, 2019

Training is especially important for the BSA officer, who “is expected to be fully knowledgeable about the BSA and all related regulations,” as a recent Federal Reserve Bank of Minneapolis publication noted. One option that makes it easy for BSA officers to complete required training is to attend regional meetings. Ready to Attend?

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Training Las Vegas Alabama Minneapolis 150

South State Correspondent

APRIL 10, 2023

Nonetheless, with the recent collapse of sizeable regional banks, regulators, investors, analysts, accountants, and bankers are now scrutinizing the fair value of banks’ securities and loan portfolios. Fair Value of Loans The fair value of securities has made recent headlines with a focus on regulators, legislators, and bankers.

Community Bank 195

Community Bank Community Security Capital 195

Bobsguide

APRIL 30, 2018

National and regional interests have helped to determine the shape of financial regulations in recent years, but politicians and regulators have acknowledged the need to consider the global nature of markets when constructing them. It could be good news for financial technology providers.

Fintech 68

Fintech Regional Regulation Financial Technology 68

PYMNTS

NOVEMBER 20, 2020

News came this week that a (virtual) meeting between regulators and Big Tech – which would center on draft proposals that might impact their very operations on the Continent –has been postponed briefly from Nov. For Big Tech, there’s just a hint of a bit of a reprieve in Europe. 24 to Dec 2. As noted by Yahoo!

Policies 260

Policies Google Apple Regulation 260

PYMNTS

FEBRUARY 20, 2020

Financial Stability Board (FSB) Chair Randal Quarles has warned global financial regulators that they must accelerate the creation of a framework for cryptocurrency and other forms of digital money, Reuters reported on Wednesday (Feb.

cryptocurrency 194

cryptocurrency Meeting Conference Innovation 194

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. he remarked. “I

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

MARCH 5, 2018

By offering QR-based digital payments, smaller retailers can achieve these goals and create greater customer stickiness with little to no investment beyond the phone they already have,” said Jorn Lambert, EVP, Digital Channels and Regions, Mastercard. In spring 2018, participating U.S. In spring 2018, participating U.S.

Regulation 108

Regulation Data Regional America 108