PYMNTS

AUGUST 6, 2020

trillion in 2018. The Indian government has embarked on several initiatives over the years to reduce its citizens’ cash reliance, but the pandemic has had a greater impact than any of these efforts. Payments are an omnipresent part of life for corporates and consumers alike, with the United States seeing 174.2

Regulations 98

Regulations B2B Instant Payments Payments 98

The Fintech Times

NOVEMBER 12, 2024

Banking accessibility also appears to be on the rise, while foreign direct investment (FDI) levels have also grown, thanks to the launch of major digital wallets (including Apple Pay and Google Pay ), as well as various government initiatives. In September 2024, Binance Kazakhstan received a full regulatory licence from AFSA.

FinTech 59

FinTech Audit Non-Bank ISOs 59

PYMNTS

NOVEMBER 9, 2020

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. Regulation. EU Gears Up To Propose New Big Tech Regulations. Australian Regulator Looks Into Merger Law Changes.

Regulations 84

Regulations Privacy Compliance Laws 84

PYMNTS

JANUARY 20, 2020

regulators have levied $126 million in fines for data violations since mid-2018, Google CEO Sundar Pichai calls for international cooperation in artificial intelligence (AI) governance and U.K. UK Regulators’ Data Violations Fines Top $126.5M. Regulators in the U.K. Regulators in the U.K.

Governance 52

Governance Government Regulations AI 52

PYMNTS

JANUARY 31, 2019

A potential tie-up between German banks Deutsche Bank and Commerzbank should get the nod of regulators in Germany. The Wall Street Journal , citing a senior German regulator, reported the government is prepared to support a merger of the two to create one banking giant.

Regulations 63

Regulations Blocks Government Governance 63

The Fintech Times

SEPTEMBER 14, 2024

With a strong foundation in semiconductors and information technology, alongside government initiatives and a developing fintech ecosystem, Taiwan is steadily integrating digital innovation into its financial services. However, in Taiwan, cryptocurrencies are not regulated as legal tender.

Innovation 119

Innovation FinTech Payment APIs and Integration Non-Bank 119

PYMNTS

JANUARY 22, 2021

India's central bank wants stricter regulations for big shadow lenders, according to a new report from Bloomberg. 22) report, wants to prevent events like the collapse of a major financier in 2018 — which continues to have effects on the financial system even now. The Reserve Bank of India , according to the Friday (Jan.

Non-Bank 109

Non-Bank Central Bank Regulations Rules 109

PYMNTS

JANUARY 29, 2021

eCommerce giants, India is considering revising its rules after allegations surfaced that Amazon and Walmart’s Flipkart devised ways to sidestep investment regulations. India changed its foreign direct investment (FDI) rules in 2018 to stop international firms from selling goods from merchants they have a financial stake in.

Regulations 71

Regulations Rules Consulting Laws 71

VISTA InfoSec

SEPTEMBER 30, 2024

A data protection officer role is to act as a bridge between organizations, its employee, and the regulatory authorities ensuring that the handling of personal data is safe, lawful and in line with regulations like GDPR (General Data Protection Regulation). Additional Responsibilities of DPO (As seen in other Regulations) 1.

CCPA 130

CCPA Privacy Laws Data Breach 130

VISTA InfoSec

OCTOBER 21, 2024

A data protection officer role is to act as a bridge between organizations, its employee, and the regulatory authorities ensuring that the handling of personal data is safe, lawful and in line with regulations like GDPR (General Data Protection Regulation). Additional Responsibilities of DPO (As seen in other Regulations) 1.

CCPA 130

CCPA Privacy Laws Data Breach 130

PYMNTS

DECEMBER 3, 2019

If banks have additional questions regarding the Agriculture Improvement Act of 2018 (2018 Farm Bill) and its regulations, they can contact the USDA, state departments of agriculture and tribal governments.

Suspicious Activity Report (SAR) 55

Suspicious Activity Report (SAR) BSA Rules Office of the Comptroller of the Currency 55

PYMNTS

MARCH 18, 2019

It’s been a whirlwind few weeks — OK, make that months — for big tech firms as regulators look ever more closely at business tactics. Government Accountability Office, which offered a similar embrace in February of this year.

Regulations 63

Regulations Privacy Laws Encryption 63

Open Banking Excellence

SEPTEMBER 27, 2024

Half a decade ago, Mexico demonstrated its ongoing commitment to updating its financial regulation with the introduction of the Fintech Law. FinTech in Mexico Mexico introduced the Fintech Law in March 2018 as a response to the remarkable 50% growth in the number of fintech firms in the preceding two years.

Financial Inclusion 147

Financial Inclusion FinTech Laws Regulations 147

Segpay

SEPTEMBER 30, 2024

Brazil: A Broad Legal Framework Brazil, the largest country in Latin America with a population of 212 million requires multi-mode verification, combining government-issued ID checks, biometric data, and parental consent, to verify a user’s age. Companies could face severe penalties if they do not comply with regulations.

Verification 111

Verification Legal Framework Laws Regulations 111

Clearly Payments

OCTOBER 31, 2024

Market Growth : BNPL saw a 400% increase in usage globally since 2018 and is expected to grow 17% annually through 2028. Central Bank Digital Currencies (CBDCs) Overview : Central Bank Digital Currencies (CBDCs) are digital forms of a country’s national currency, issued and regulated by the central bank.

Online and Mobile Banking 98

Online and Mobile Banking RTP BNPL Debit Card 98

Finovate

NOVEMBER 18, 2024

While this revenue figure has grown 7% each year since 2018, McKinsey estimates the growth will slow to 5% per year for the next five years. While this report doesn’t mention it, countries with government-led payment schemes such as India (with UPI) and Brazil (with PIX) are also seeing a major decline in cash payments.

Global Payments 69

Global Payments Payments Trends CBDC Embedded Payments 69

PYMNTS

MARCH 12, 2019

As has been reported, the company has faced concerns over suspected money laundering, as noted in the Financial Times and elsewhere, and has been scrutinized by regulators including the Financial Conduct Authority (FCA) and in Lithuania (Revolut has a banking license in that country). In addition, she told PYMNTS that in the U.K.,

Money Laundering 59

Money Laundering Regulations Financial Crimes Authorization 59

FICO

NOVEMBER 13, 2018

Collection departments have been long accustomed to dealing with the ever-growing list of requirements from industry regulators. Creditors cannot ignore how third-party servicers treat customers, and those third parties have also come under closer scrutiny from both creditors and regulators. Industry Regulations.

Regulations 63

Regulations Issuers Accounts Mitigation 63

PYMNTS

DECEMBER 7, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from governments around the world. UK Regulations to Create New Digital Markets Unit. antitrust regulators are creating a Digital Markets Unit that will be given the duty to enforce rules applicable to Big Tech firms.

Regulations 57

Regulations Interoperability Compliance Governance 57

PYMNTS

DECEMBER 10, 2020

in 2018 before sharply decreasing to $3,869.47 billion in 2019, a larger sum than in 2017 and 2018 combined. billion in laundered money flow through cryptocurrency exchanges, up from $1 billion in 2018. The currency is well-known for its massive value fluctuations, as a single bitcoin cost just 9 cents in 2010, $313.92

AML 88

AML Cryptocurrency Money Laundering Compliance 88

Fintech News

FEBRUARY 25, 2024

2561 (2018), has enforced a continued suspension of Zipmex’s operations. Pending the Minister of Finance’s decision on the license revocation, Zipmex remains under the SEC’s oversight, obligated to comply with all applicable laws and regulations governing digital asset businesses.

Legal 117

Legal Returns On-Demand Laws 117

PYMNTS

APRIL 26, 2019

The Indian government has drafted a bill that would ban cryptocurrencies and attempt to regulate any official digital money, according to reports. . The idea is to ban the “sale, purchase and issuance of all types of cryptocurrency,” according to an unnamed government source cited by The Economic Times. .

Cryptocurrency 73

Cryptocurrency Money Laundering Governance Government 73

PYMNTS

NOVEMBER 30, 2020

The British government is establishing a new Digital Markets Unit tasked with enforcing laws that apply to Big Tech companies, such as Google and Facebook , authorities announced in a press release. The new unit, according to the government's announcement, will fall within the U.K.'s The rules are set to take effect in April.

Rules 75

Rules Laws Authorization Regulations 75

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. FIs in Fidor’s native Germany should by now be familiar with the standards set by GDPR, PSD2 and other regulations aimed at online banking.

Compliance 90

Compliance Law Enforcement Regulations Rules 90

PYMNTS

MARCH 31, 2020

The necessity of such regulations is undeniable, however, as lagging data standards leave businesses and consumers open to fraud and boost frustration regarding the speed of digital transactions. regulators are searching for solutions that can make the privacy landscape more cohesive, with Sen. Sixty-three percent of U.S.

Regulations 61

Regulations CCPA Consumer Privacy 61

PYMNTS

JANUARY 7, 2020

government agencies, closed out at high share prices on Monday (Jan. per share in July 2018. per share in July 2018. To the extent the government pursues an antitrust case, we think GOOG would be well-served to offer up some easy concessions.”. 6), according to CNBC. Alphabet was up 2.7 percent to $1,397.81

Regulations 52

Regulations Caps Government Governance 52

Fintech Finance

SEPTEMBER 23, 2024

Jim brings over 25 years of experience in banking and payments and has worked at the forefront of the Open Banking movement since 2018. As such, I am delighted to be joining the team to help further expand its offerings to central banks, regulators, market infrastructures, and financial institutions, among others.”

Continuity 98

Continuity ISO 20022 ISOs Central Bank 98

PYMNTS

JUNE 22, 2020

Apparently, a lot – if you are dealing with Chinese regulators. Ant Financial Services Group has won a green light from Chinese regulators to drop the word “financial” from its name, so it’s goodbye to Ant Financial Services Group and hello to Ant Technology, The Wall Street Journal reports. What’s in a name?

Regulations 72

Regulations Rules FinTech Technology 72

PYMNTS

AUGUST 30, 2020

government's Economic Injury Disaster Loan (EIDL) program, plagued by delays and fraud, has created attention for a firm that netted around $800 million in fees while subcontracting the work out to the nation's largest mortgage lender, The Wall Street Journal (WSJ) reported. which owns Quicken Loans as well.

Small Business 108

Small Business Governance Government Process 108

Fintech News

JULY 17, 2024

These figures underscore the immense challenge facing regulators and law enforcement agencies in their efforts to curb illicit financial flows in the crypto space. 20) of 2018 to introduce AML/CFT obligations for VASPs, with various regulatory authorities providing specific requirements within their jurisdictions. billion in 2024.

Money Laundering 107

Money Laundering Law Enforcement AML Non-Bank 107

The Fintech Times

SEPTEMBER 27, 2024

In 2021, the military overthrew the elected government of Aung San Suu Kyi and her National League for Democracy party, sparking ongoing protests and unrest. Although the government permitted microfinance companies in 2011, the number of microfinance institutions remains low.

Financial Inclusion 102

Financial Inclusion FinTech Underserved Central Bank 102

Segpay

DECEMBER 13, 2024

The rise of data privacy concerns has led to a surge in global regulations, such as the EU General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), which are drafted to protect peoples individual data protection rights. Africa and Asia show different levels of adoption with resp.

Privacy 105

Privacy Compliance CCPA Authentication 105

The Fintech Times

JANUARY 13, 2025

Since 2018, open banking technology has also helped facilitate around 400 million successful payments. Looking to the future Although new Government-ran initiatives are being introduced, the onus is also on private firms and payment providers to drive open banking adoption. More than 11.7 Meanwhile, these users make over 22.1

Cross-Border 59

Cross-Border Finance Ubiquitous Interoperability 59

PYMNTS

NOVEMBER 26, 2019

The Prudential Regulation Authority (PRA), the supervisory arm of the Bank of England (BoE), has fined Citigroup a record-breaking $56.3 million for not completing accurate returns between 2014 and 2018, according to a report by Reuters. Citigroup said it corrected the issues as soon as it became aware of them.

Returns 76

Returns Audit Regulations Authorization 76

Fintech News

FEBRUARY 25, 2024

As a result, the authorities are investigating the firm for potential fraudulent trading under the Insolvency, Restructuring and Dissolution Act 2018, alongside violations of obligations under the Financial Services and Markets Act 2022 and the Payment Services Act 2019.

Authorization 107

Authorization Laws Business Day Compliance 107

Fintech Finance

SEPTEMBER 18, 2024

Tribe’s risk management and governance frameworks were also evaluated to ensure continuous operational resilience and enterprise-wide protection of data in both digital and physical formats, along with guaranteed centralisation of information.

ISOs 98

ISOs Security Payment Security Payment APIs and Integration 98

The Fintech Times

APRIL 27, 2024

“From a practical perspective, it’s right that at the moment retailers and distributors seem to be unprepared for the regulations and for the need to ensure that there are Certificates of Compliance when they sell connected products, but that will hopefully improve over time. ” Where do APIs come into this?

API 124

API Cybersecurity Authentication Security 124