PYMNTS

AUGUST 4, 2020

Although the 2008 financial crisis jolted the world economy, the financial conditions leading up to the disruption had been a long time coming. Lessons Learned From 2008. It’s perhaps the biggest economic difference between then and the current climate, in which a global pandemic thrust millions of workers in the U.S.

Finance 124

Finance Non-Bank Innovation Continuity 124

PYMNTS

JANUARY 15, 2021

It also said the bank’s Check Cashing Group admitted that it failed to file thousands of suspicious activity reports (SARs) as well as thousands of Currency Transaction Reports (CTRs) from 2008 to 2014. The statement from FinCEN said Capital One established the Check Cashing Group as a business unit within its commercial bank in 2008.

Fincen 107

Fincen Suspicious Activity Report (SAR) Money Laundering SARS 107

Fintech News

JANUARY 10, 2024

Bryan Tay’s sports career includes participation in the 2008 Summer Olympics, along with representing Singapore in various international swimming competitions, where he achieved multiple gold medals. He was co-founder of Boom Singapore, a fitness studio, from 2018 to 2023.

FinTech 108

FinTech Non-Bank Participant Posting 108

PYMNTS

SEPTEMBER 20, 2020

The Wall Street Journal (WSJ) reported the industry is making a stronger comeback than after the 2008 financial crisis, contrary to the predictions the pandemic could paralyze trade permanently. While most sectors have suffered from the pandemic, global trade has proved remarkably resilient.

Economy 95

Economy Shutdown Volume Research 95

PYMNTS

JANUARY 24, 2021

Iain McNicoll , Payoneer’s vice president for SMBs in the Americas, told PYMNTS in September that small companies started eyeing the digital ecosystem over 10 years ago in the midst of the 2008 financial crisis.

International Payments 125

International Payments Checks Digital Payments Innovation 125

Fintech News

SEPTEMBER 29, 2024

Founded in 2008 at Cambridge University, Featurespace has developed AI-driven algorithms that can detect complex fraud patterns in transaction data. The acquisition aims to bolster Visa’s fraud detection and risk management capabilities, which are used globally by financial institutions and businesses to safeguard transactions.

Fraud Detection 107

Fraud Detection AI Acquirers Fraud Prevention 107

Fintech News

FEBRUARY 28, 2024

Established in 2008, Home Credit Vietnam offers a wide range of loan products with over 15 million customers and a network of 14,000 point-of-sales locations, reporting a net profit of VND 1,320 billion in 2022. The transaction is set for completion in the first half of 2025, pending regulatory approvals.

Acquirers 109

Acquirers Finance Economy Consumer 109

PYMNTS

JUNE 29, 2020

EY has been auditing for Wirecard since 2008 when it was hired to conduct a special audit over allegations that there were deficiencies in the company’s financial statements, and then EY continued as the company’s regular auditor from 2009 onward.

Audit 130

Audit Risk Management Accounts Risk 130

PYMNTS

DECEMBER 18, 2020

The case in question goes back to 2008 when a Bulgarian wrestler was investigated for reportedly turning to drug trafficking. The fact that the bank let it continue until 2008, or even beyond, impeded or frustrated the detection of the money laundering activities,” the indictment read, according to Bloomberg.

Money Laundering 81

Money Laundering AML Compliance Continuity 81

PYMNTS

DECEMBER 9, 2020

Lukies said that prior to the 2008 financial crisis, regulators and the like normally left banks to their own devices, as long as they didn’t mess it up so that people couldn’t pay their bills or go shopping. Before 2008, banks were making a lot of money from a lot of things,” noted Lukies.

Innovation 122

Innovation Rules FinTech Acquirers 122

FloQast

MAY 2, 2024

The series, as well as Blood, Sweat & Balance Sheets and The FinTech Flo podcast and hours of other CPE content, are available for free on FloQademy.

Crime 101

Crime Due Diligence Advisors Agreements 101

PYMNTS

DECEMBER 23, 2020

That figure is close to banks’ losses from the 2008 sub-prime mortgage crisis. Bad student loans are a problem for Americans, with taxpayers slated to take a $435 billion hit from borrowers not repaying student loans correctly, PYMNTS writes. According to the analysis by the U.S. trillion combined will pay back around $935 billion.

CFPB 114

CFPB Consumer Financial Protection Bureau (CFPB) Government Governance 114

Finextra

AUGUST 23, 2024

Deutsche Bank has been in the process of acquiring Postbank since 2008, and has been facing trouble agreeing to a settlement with Postbank shareholders.

Settlement 59

Settlement Acquirers Process 59

PYMNTS

DECEMBER 27, 2020

PC sales worldwide peaked in 2008, with about 300 million units sold, and have declined since then to a level of about 250 million units sold annually, Reuters said — but analysts now see the figure returning to about 300 million PCs shipped per year.

Processors 112

Processors On-Demand Returns Governance 112

PYMNTS

DECEMBER 20, 2020

Reuters reported that Chinese officials last week invoked a pro-competition law for the first time since its 2008 inception to levy fines against companies such as Ma's Alibaba Group. Chinese officials have warned in recent months that the tech sector faces significant new regulation , lest companies operating within it become too powerful.

FinTech 102

FinTech Government Governance Caps 102

Fintech Finance

NOVEMBER 22, 2024

Since its founding in 2008, Trustly has seen rapid growth, partnering with over 9,000 businesses across 33 markets. These include instant payouts and SEPA Direct Debit, leveraging AIS technology to verify bank accounts and support digital mandate signatures, providing a fast and secure alternative to traditional payment methods like cards.

Transactions 97

Transactions Innovation On-Demand Instant Payments 97

PYMNTS

APRIL 6, 2020

With an idea born from the ashes of the global financial meltdown of 2008, the founders of “buy now, pay later” success story Afterpay understood then that a “…younger generation would be more apt to buy things they wanted and needed if they could use their own money and pay over time — in a way that didn’t incur revolving debt, interest or fees,” (..)

BNPL 71

BNPL Payments 71

Fintech Finance

SEPTEMBER 9, 2024

Since 2008, Inpay has helped financial institutions, corporates, NGOs and more move money across borders quickly, easily, and securely. Combining both payments into a single view will help decision-makers identify and fix inefficiencies in their current payment processes.

Cross-Border Payments 97

Cross-Border Payments Cross-Border Payments B2C 97

PYMNTS

OCTOBER 16, 2020

World-leading FinTech scaleups were born in London out of the 2008 financial crisis, and today London’s FinTech companies are innovating to respond to changing demands caused by the pandemic," she said, according to the release. London & Partners CEO Laura Citron said the U.K.'s s FinTechs have long innovated to meet challenges.

FinTech 106

FinTech Cross-Border Payments Cross-Border Innovation 106

PYMNTS

APRIL 14, 2020

Goldman Sachs ‘ new prediction is that the economic fallout from the coronavirus pandemic will end up four times worse than the recession from 2008-09, but the recovery will be swift, according to a CNBC report. All of these numbers are notably more dire than the height of the 2008 financial crisis, the bank pointed out.

Federal Reserve 69

Federal Reserve SWIFT Economy 69

PYMNTS

SEPTEMBER 21, 2020

Global trade, on the other hand, is proving strong thus far, making a bigger comeback than it did after the 2008 financial crisis, PYMNTS reported. Elsewhere in Europe, Germany's Dax saw a decline of 4 percent, its worst day since June, and bank and travel shares were down, too, according to FT.

Federal Reserve 104

Federal Reserve Fed Central Bank Advisors 104

Finextra

APRIL 10, 2024

Introduction: The Basel III regulatory framework, developed post-2008 financial crisis, aimed to for.

Posting 52

Posting 52

PYMNTS

MARCH 6, 2020

The financial crash of 2008 was predicted similarly by Sequoia, which sent an ominous email simply titled “RIP Good Times” during the depths of that recession. Sequoia, a fixture in Silicon Valley for decades, and has funded companies such as Apple, Google, Instagram, DoorDash and more for decades.

Legal 69

Legal Economy Automation Risk 69

Finextra

APRIL 10, 2024

Introduction: In the aftermath of the 2008 financial crisis, regulators implemented Basel III to for.

Posting 52

Posting Regulations 52

Finextra

JANUARY 30, 2024

From 2008 to 2022, private funds enjoyed turbocharged growth when their assets under management (AUM.

52

52

Fintech Finance

JULY 3, 2024

He was instrumental in the launch of UBank, a digital bank launched in 2008 by NAB in Australia, which by 2013 had collected five industry awards and enabled a new way for Australian consumers to interact with banking services. At the Bank of New Zealand, Stephen led the bank’s technology and digital experiences teams.

Product 98

Product Payment APIs and Integration Cross-Border Payments Cross-Border 98

PYMNTS

DECEMBER 4, 2020

However, it has been written in a way that could target a much wider range of activity and seems to be trying to stop the kind of large-scale shadow banking risk that pre-empted the 2008 financial crisis. Congresswoman Rashida Tlaib , who led the charge on the bill, has echoed that sentiment.

Stablecoins 93

Stablecoins Cryptocurrency Venmo Interoperability 93

PYMNTS

NOVEMBER 3, 2020

Airbnb was founded in San Francisco in 2008 by Chesky; Joe Gebbia, chief product officer; and Nathan Blecharczyk, chief strategy officer. Additional efforts are being planned to support hosts prior to the upcoming IPO, which is anticipated to happen before 2020 is over. . It has grown to 4 million hosts around the world. .

NOV 95

NOV Consulting Product Continuity 95

Fintech News

AUGUST 7, 2024

From 1997 to 2005, and from 2008 to 2010, Tan was with Morgan Stanley, first as an executive director and later as head of private wealth management. She started her career with ING Baring Securities in institutional equity and derivative sales before moving to Citi in 2005 as the regional head for Singapore, Malaysia, and Brunei.

Continuity 100

Continuity Governance Government Consumer 100

Fintech News

APRIL 11, 2024

His career includes serving as the Commissioner of Police for the Singapore Police Force from 1997 to 2010 and holding the presidency of INTERPOL from 2008 to 2012.

Advisors 81

Advisors Law Enforcement Laws Financial Crimes 81

PYMNTS

SEPTEMBER 24, 2020

Founded in 2008, Inspyrus provides AP automation software solution to large mid-market and enterprise customers. Regal Software, founded in 2008 and headquartered in Atlanta, Georgia, provides ERP (enterprise resource planning) connectors to more than 160 systems.

B2B 67

B2B Automation On-Demand Accounts 67

PYMNTS

MARCH 27, 2020

It’s too soon to tell how coronavirus will impact the venture capital ecosystem, but some analysts are turning to the economic crisis of 2008 to make some educated guesses. In a recent report, CrunchBase looked back at how VC investors reacted to the market downturn over a decade ago.

FinTech 72

FinTech Cross-Border Small Business Credit Cards 72

PYMNTS

JANUARY 18, 2021

Around 3,000 companies have voluntarily signed the code, which was first introduced in 2008, but numerous SMBs have still complained of payment delays beyond the 60-day target, and officials say around 23 billion pounds (about $31.3 Late payments have been a concern for some time, FT reported. FT reported.

Small Business 88

Small Business Rules Government Governance 88

PYMNTS

APRIL 8, 2020

Economists noted that the weekly claims data for unemployment being in the millions were far higher than the last high number of 700,000 during the previous 2008 financial crisis. In almost every category, the current waves of layoffs and job losses dwarf anything in recent memory. However, Mark Cabana, head of U.S.

Economy 91

Economy Non-Bank Governance Government 91

PYMNTS

MARCH 2, 2020

She added that China has historically used major events — like the 2008 Beijing Olympics and the 2010 World Expo in Shanghai — to launch surveillance tools that go beyond their original intent. The virus has killed at least 3,056 people, all but 144 in mainland China.

Law Enforcement 95

Law Enforcement Origination Laws Returns 95

PYMNTS

NOVEMBER 28, 2020

Back in 2010 after the 2008 market crash, American Express wedged in a new commercial holiday between Black Friday and Cyber Monday, dubbed Small Business Saturday. 14 already has a made-up commercial holiday: National Free Shipping Day , in effect since 2008. This year, it falls on Nov. The problem with that plan is that Dec.

Disputes 79

Disputes NOV Small Business P2P 79

PYMNTS

JULY 23, 2020

Buffett’s investments in BoA connects to the aftermath of the 2008 financial crisis, in which he made millions buying stake in BoA, purchasing preferred shares with warrants coming attached. Because of the warrants, Berkshire could buy 700 million shares in the company for around $7 a piece.

Economy 90

Economy Returns 90