The Fintech Times

JANUARY 22, 2024

UK businesses will need to meet new standards following the Financial Reporting Council (FRC)’ s “small but important” revisions to the UK Corporate Governance Code. The post Enhanced Transparency: FRC’s Overhaul of UK Corporate Governance Code appeared first on The Fintech Times.

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Government Governance Due Diligence Audit 57

Finextra

SEPTEMBER 6, 2024

UK, US and EU among the signatories on the Council of Europe’s Framework Convention on artificial intelligence and human rights, democracy, and the rule of law.

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Government Governance AI Laws 78

The Fintech Times

MARCH 26, 2024

is calling for new laws to force domain registrars to do more to prevent scam banking ‘copycat’ websites appearing in the first place; after it revealed that over 2,000 of these suspected sites were reported in 2023. The UK government is currently consulting on new powers to seize domains used for criminal purposes.

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Government Governance Scams Non-Bank 62

PYMNTS

NOVEMBER 19, 2019

The government of India has the legal right to monitor and decrypt digital information on citizens’ devices, TechCrunch reported Tuesday (Nov. Reddy’s remarks were prompted after a lawmaker asked if the government had pried into people’s conversations on WhatsApp and other digital messaging apps. WhatsApp filed a lawsuit Oct.

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Laws Government Governance NOV 40

PYMNTS

NOVEMBER 23, 2020

government is enlisting Uber and Lyft to help provide transportation services for public agencies and employees, Reuters reports. The deal is worth up to $810 million and will be able to assist over 4 million employees of the government nationwide. government was known to spend around $200 million on transportation every year.

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Government Governance NOV Laws 78

PYMNTS

APRIL 1, 2020

Washington State Governor Jay Inslee signed a bill on Tuesday (March 31) establishing specific rules – backed by Microsoft – governing facial recognition software, according to a blog by Bill Smith, president of Microsoft. In our view, this required a legal floor of responsibility, governed by the rule of law,” Smith said.

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Laws Law Enforcement Government Governance 121

PYMNTS

DECEMBER 23, 2020

businesses and individuals to avoid storing data with Chinese companies due to the risk the country's government will demand and receive access to commercially valuable information. government and U.S. government and U.S. The federal Department of Homeland Security is urging U.S. businesses. businesses.

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Government Governance Risk Security 75

PYMNTS

JANUARY 24, 2019

Government procurement can bolster the strength of local small businesses (SMBs), and provide an example for technology adoption in areas such as eInvoicing and electronic payments. In an earlier report , law firm and lobbyist Akin Gump Strauss Hauer & Feld LLP examined some of the initiatives that the U.S. government business.”

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Cybersecurity Government Governance Risk Mitigation 61

Neopay

APRIL 22, 2024

The UK’s company law landscape underwent significant changes with the enactment of the Economic Crime and Corporate Transparency Act, effective from 4th March 2024. The post Changes to UK company law appeared first on Neopay. Here is a summary of what you need to know about the new measures.

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Laws Crime Due Diligence Law Enforcement 52

VISTA InfoSec

OCTOBER 21, 2024

To overcome these challenges, data protection laws are established. Data protection laws safeguard personal information and establish important guidelines on collection, storage, processing, sharing and disposal of personal data. and PDPA in Singapore that reflects the growing need for privacy specialists in organizations.

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CCPA Privacy Laws Data Breach 130

The Paypers

MARCH 4, 2024

The UK Government has decided to implement new measures granting law enforcement agencies increased powers over cryptocurrency assets.

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Law Enforcement Laws Cryptocurrency Government 41

PYMNTS

MAY 8, 2020

Government program subsidies and loans have been snapped up by larger companies and mid-sized chains, and banks have capped their exposure to loan programs. The prevailing sentiment, as the crisis heads into its third month, is that more innovative government programs will be necessary to provide any meaningful relief.

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Government Governance Small Business Federal Reserve 56

PYMNTS

MAY 10, 2020

According to the Consortium, the problem isn’t the income of furloughed employees; that’s protected by the government’s laws. The letter said the businesses, many operating on thin revenues already, won’t just be able to bounce back after things reopen — many will be in dangerous waters and will take more time to recover.

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Government Governance Treasury Small Business 64

PYMNTS

JULY 24, 2020

The central bank of Kenya is putting forward new legislation to govern interest rates charged for digital lenders’ loans. Online lenders will need the green light from the central bank to roll out new offerings or hike lending rates if the legislation is put into law, Quartz Africa reported.

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Central Bank Government Governance Online and Mobile Banking 63

PYMNTS

FEBRUARY 1, 2021

However, gross domestic product (GDP) will return to pre-COVID levels, in part due to government stimulus packages, by mid-2021. The CBO’s projections assume that “current laws governing federal taxes and spending (as of Jan. A new report predicts the U.S. percent to the level of GDP this year and next.

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Economy Government Governance Returns 60

VISTA InfoSec

SEPTEMBER 15, 2023

For data processed for any function under any law or judgment issued under law. Clause 6(1) empowers the Central Government to limit personal data transfer by Data Fiduciaries to specific foreign countries or territories. Clause 6(2) ensures that this provision doesn’t override stricter Indian laws governing data transfer.

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Data Breach Breach Government Governance 130

PYMNTS

SEPTEMBER 25, 2017

WeChat, the Chinese messaging app owned by Tencent, confirms it provides information about users to the Chinese government. In order to continue using the app, users must accept the privacy policy, which now states that a significant amount of data will be shared with the government in order to comply with laws and regulations.

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Government Governance Consumer Privacy 56

Fintech Review

OCTOBER 22, 2024

As digital assets become more widespread, taxation laws are being shaped and adapted to accommodate them. Governments are still grappling with how best to tax digital assets, creating regulatory hurdles and uncertainties for taxpayers globally. While some countries have clear frameworks in place, others are still playing catch-up.

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Cryptocurrency Laws IRS Regulations 97

PYMNTS

MARCH 6, 2019

The French government is going after U.S.-based In a statement to the news outlet, a Google spokesperson said the company always pays its taxes and complies with the tax laws in every country in which it operates.

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Government Governance Agreements Laws 68

Payments Source

SEPTEMBER 8, 2016

A new tool developed by the federal government may put the brakes on certain counterfeit card scams during the holidays, if law enforcement agencies can replicate the results of an initial test.

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Government Governance Law Enforcement Scams 63

PYMNTS

SEPTEMBER 15, 2016

Japan’s government is pointing the finger at Apple and Google, alleging that the two tech giants are violating the country’s anti-monopoly law. Both potentially defy Japanese law. Japan’s government has shined a light on the tech industry more recently.

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Government Governance Laws Blocks 62

PYMNTS

OCTOBER 14, 2019

Think of government spending, and the first word to come to mind might decidedly not be this one: efficient. For vendors, there are challenges, too, as they navigate government agency solicitations for products and services, and seek to bid competitively. It is going to be hard,” Landsman concurred.

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Fintech News

OCTOBER 6, 2024

In timely detection, the committee emphasizes better information sharing between government agencies and private sector gatekeepers. A key initiative to strengthen detection efforts is the development of NAVIGATE, a new whole-of-government (WOG) data-sharing platform.

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Money Laundering Law Enforcement Financial Crimes Due Diligence 117

PYMNTS

JANUARY 24, 2018

Bitcoin doesn’t necessarily have the blessing of government agencies, but what about blockchain? It seems governments are a bit more open to distributed ledger technology (DLT), though that doesn’t mean blockchain companies get a free pass with regulators. government isn’t the only jurisdiction going hot and cold on blockchain.

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Government Governance Blockchain Distributed Ledger Technology (DLT) 53

Global Fintech & Digital Assets

OCTOBER 31, 2023

Licensees, exchanges, and other market participants should prepare to comply with the listing, disclosure, capital, and other requirements that the new law imposes. The DFAL contains an exclusion for persons that contribute “only connectivity software … to a protocol governing transfer of the digital representation of value.”

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Laws Stablecoins Issuers Legal 52

PYMNTS

MARCH 21, 2018

The blockchain hype is real — just ask Long Blockchain — but governments are taking a modest, more realistic approach to the technology. In this week’s Blockchain Tracker , PYMNTS examines the latest government initiatives in the U.S. But governments are also cracking down on companies that get carried away with the blockchain hype.

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Government Governance Blockchain Federal Trade Commission 49

PYMNTS

AUGUST 23, 2019

To help advise its financial services business as one global team, Walmart has added two new global governance leaders. Rodriguez earned his bachelor’s of science in accounting from The College of New Jersey and earned his Juris doctor from Harvard Law School, where he was editor of the Harvard Latino Law Review.

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Government Governance Compliance Regulatory Compliance 59

PYMNTS

SEPTEMBER 22, 2019

Ecuador ’s government has rushed a draft privacy law to Congress after the nation was hit with a massive data breach impacting more than 20 million people. While Ecuador had been working on a data privacy law for nearly two years, the breach prompted the government to finish its work and send the draft law to parliament.

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Data Breach Laws Breach Privacy 75

PYMNTS

JULY 2, 2019

As the quickly growing lender bolsters its governance and faces scrutiny from a financial watchdog, Australia’s Afterpay Touch Group Ltd is said to be working toward bringing on a “majority independent board with an independent chair.” Afterpay’s shares were up as high as 7.6 percent on the news, Reuters reported. Afterpay notched $221.08

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Government Governance Money Laundering Audit 40

PYMNTS

APRIL 15, 2019

Governments making up the European Union have backed an initiative by the European Commission aimed at protecting Europe’s creative industries, ensuring fair compensation when the likes of Google and Facebook use their content.

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Government Governance Laws Rules 43

The Payments Association

NOVEMBER 12, 2024

Independent UK law firm Burges Salmon has announced the appointment of partner Martin Cook as the new head of the firm’s significant and fast growing Financial Services sector.

Cross-Border 88

Cross-Border Disputes Legal Laws 88

PYMNTS

FEBRUARY 21, 2018

Governments may not be too keen on bitcoin, but blockchain is another story. In fact, government authorities have begun to help fuel the proliferation of blockchain across the world. Local officials are hoping to use blockchain to improve public services and boost transparency.

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Government Governance Blockchain Central Bank 52

Fintech Finance

SEPTEMBER 20, 2024

The government has unveiled new measures to support small businesses and the self-employed by tackling the scourge of late payments, which is costing small businesses £22,000 a year on average and leads to 50,000 business closures a year. We know there’s a lot more to be done, but today we are calling time on late payers once and for all.

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Small Business Governance Government Payments 90

PYMNTS

MARCH 17, 2020

It’s one approach to a growing retail vacancy issue that local governments are getting more aggressive in trying to solve. The law opens up much more territory to these operations, which had only been permitted in areas zoned for industry.

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Government Governance Assessments Small Business 54

The Paypers

SEPTEMBER 21, 2021

The Australian Government has announced considering new laws that would tighten the regulation of digital payment services by tech giants such as Apple and Alphabet’s Google.

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Government Governance Regulations Laws 31

Fintech News

JUNE 5, 2024

Australia will introduce new legislation to amend the Credit Act, requiring Buy Now, Pay Later (BNPL) providers to hold an Australian credit license and comply with existing credit laws regulated by the Australian Securities and Investments Commission (ASIC). The new laws aim to balance consumer protection with innovation and competition.

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Regulations BNPL Product Consumer Protection 105

PYMNTS

DECEMBER 21, 2020

Russia's federal anti-monopoly service (FAS) has accused Booking.com of reportedly violating antitrust laws in the country and abusing a dominant market position, according to Reuters Monday (Dec. Under Russia's anti-monopoly law, the company could face a fine of around 1 percent to 15 percent of its annual revenue generated in the country.

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Laws Regulations On-Demand Rules 87