FICO

MAY 24, 2017

The General Data Protection Regulation (GDPR) is a wide-ranging and complex regulation intended to strengthen and unify data protection for all individuals within the European Union (EU). The regulation says: “1. The post GDPR and Other Regulations Demand Explainable AI appeared first on FICO.

Regulations 111

Regulations AI Automation Credit Risk 111

The Fintech Times

DECEMBER 9, 2024

Google has filed a legal challenge against the US Consumer Financial Protection Bureau (CFPB), the agency responsible for overseeing consumer finance, after it placed Google Payment Corp., The move follows the agencys use of a dormant legal authority revived in 2022 to oversee nonbank entities deemed to pose risks to consumers.

Consumer Financial Protection Bureau (CFPB) 75

Consumer Financial Protection Bureau (CFPB) CFPB Regulations Legal 75

Fintech Finance

SEPTEMBER 17, 2024

The work looked at various technical, legal and business case questions surrounding the development of a ‘platform for innovation’ and the main conclusions are: Such a platform, in collaboration with other important initiatives such as Open Banking, could deliver economic value and support innovation in the market.

Regulations 98

Regulations Finance Settlement Legal 98

The Fintech Times

JULY 15, 2024

In this article, Akshata Namjoshi, Kabir Kuma, and Ahlam Faouzi from KARM Legal Consultants , the emerging technologies-focused law firm, provide an in-depth analysis of the UAE’s regulatory landscape for stablecoins. A unique characteristic of FSRA’s regulatory framework is the regulation and licensing of the issuance of fiat tokens.

Stablecoins 96

Stablecoins Regulations Multi-Currency Issuers 96

PYMNTS

JANUARY 25, 2021

The prohibition is part of a larger legal reform that also bans government officials from opening accounts at foreign banks. They could become a “safe-haven asset” and used for asset diversification in investor portfolios if they can overcome volatility, regulation, trust and reputation challenges, according to the report.

Governance 104

Governance Government Bitcoin Cryptocurrency 104

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). Key Responsibilities of a Data Protection Officer 1.Monitoring

CCPA 130

CCPA Privacy Laws Data Breach 130

PYMNTS

AUGUST 11, 2020

A merchant cash advance company typically issues what effectively, though perhaps not legally, are loans to businesses based on current revenue streams and as a condition requires permission to withdraw payments directly from the merchants’ bank accounts.

Federal Trade Commission 94

Federal Trade Commission Regulations FTC Small Business 94

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.

Laws 121

Laws Law Enforcement Governance Government 121

PYMNTS

DECEMBER 9, 2020

French ski resorts are mounting a legal challenge against the government’s order to keep ski lifts closed at resorts this holiday season. In response to the closures, the French government plans to announce additional financial support for the ski industry on Wednesday (Dec.

Legal 94

Legal Authorization Economy Checks 94

PYMNTS

MARCH 2, 2020

The California Consumer Privacy Act went into effect in January, and the European Union’s General Data Protection Regulation ( GDPR ) went into effect in 2018. Retailers of all sizes will be forced to prepare for new, stricter regulations.

Privacy 99

Privacy Regulations Laws Agreements 99

PYMNTS

JUNE 11, 2020

The COVID-19 pandemic has upended the way businesses and government agencies verify their customers’, clients’ and citizens’ identities. Businesses and government entities can then use biometric data to match them with their official documents in their databases and verify their identities. Digital Innovation, Legal implementation.

AML 74

AML Legal Compliance Verification 74

PYMNTS

JANUARY 25, 2021

The RBI does acknowledge how popular cryptocurrency has become, although Indian regulators and the local government are still apprehensive and skeptical, according to Cointelegraph.

Digital Currency 127

Digital Currency Central Bank Governance Government 127

The Payments Association

DECEMBER 9, 2024

The upcoming changes in cryptocurrency regulation and its impact on payment services, focusing on the UK’s approach compared to the EU. The UK government and the FCA will further develop and implement these regulations through consultations and legal frameworks, aiming for a comprehensive rollout by 2026.

Stablecoins 88

Stablecoins Rules Consulting Regulations 88

The Fintech Times

MAY 15, 2024

In a move to bolster cybersecurity and protections for AI models against hacking and sabotage, the UK government has officially unveiled a host of new measures, which also hope to set a new global standard. Employees using the technology need to know how to do so legally and ethically.”

Cybersecurity 72

Cybersecurity AI Governance Government 72

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

Fintech News

JUNE 12, 2024

Theme 1: Establishing Optimal Governance and Interoperability Frameworks Effective governance and interoperability frameworks will be crucial for managing the complexities of cross-border payments. Another important thing is making sure payments are final and can’t be reversed, both within countries and across borders.

Cross-Border Payments 116

Cross-Border Payments Cross-Border Interoperability Payments 116

Fintech News

FEBRUARY 25, 2024

This recommendation comes after a thorough evaluation of Zipmex’s operations, highlighting concerns regarding the company’s compliance with legal financial standards and the sufficiency of its management structure. Zipmex clients seeking to recover their assets can reach out through the company’s official channels.

Legal 113

Legal Returns On-Demand Laws 113

PYMNTS

AUGUST 17, 2020

A group that says it represents 850,000 pharmacists in India wants the government to shut down Amazon’s new pharmaceutical delivery service in the country. The letter is addressed to Amazon CEO Jeff Bezos, India Prime Minister Narendra Modi and other government officials in the country.

Shutdown 100

Shutdown Legal Framework Legal Governance 100

Fintech Finance

MARCH 7, 2024

PPRO , the leading local payments platform, has announced the appointment of three new senior leaders across legal and compliance: Selene Brett as Chief Legal, Risk and Compliance Officer, Marc Kuzak as Legal Director, and Massimiliano Conte as Compliance Director. I am joining the company with a strong team.

Legal 52

Legal Compliance Risk Financial Crimes 52

Fintech News

JUNE 30, 2024

The regulator is now focusing on developing standards, market practices, and governing principles for digital infrastructure supporting tokenised assets. Morgan, MUFG Bank, and Societe Generale-FORGE, on business, governance, risk, legal, and technology considerations for a shared ledger infrastructure.

Central Bank 121

Central Bank Non-Bank Risk Participant 121

EBizCharge

JUNE 28, 2024

The question “Is it legal to charge a credit card fee?” This article will explore the legality of charging such fees as well as the pros and cons associated with them. Surcharging is legal in many states and is regulated at the state and federal levels.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52

The Fintech Times

SEPTEMBER 12, 2024

However, it is key not to forget the role of the regulator. Despite this, the UK regulator didn’t hand out any fines or punishments, prompting us to ask if tougher penalties or consequences would lead to better outcomes. Should regulators impose tougher penalties on firms that fail to comply?

Compliance 64

Compliance Regulations Financial Crimes Non-Bank 64

VISTA InfoSec

OCTOBER 26, 2023

To accomplish this, companies must adhere to specific regulations and standards. SOX establishes regulations around financial reporting, mandates internal control audits, and strengthens corporate governance. It applies to all U.S. Now let’s examine the key differences between SOC and SOX audits.

Audit 130

Audit Compliance Laws Governance 130

VISTA InfoSec

SEPTEMBER 14, 2023

If your business engages with these customers, it is subject to the EU’s General Data Protection Regulation (GDPR). This extensive data privacy regulation has an impact on many U.S. Yes, companies in the US, as well as US companies inside of the EU, are bound by the GDPR’s regulations. entities due to its extraterritorial reach.

Compliance 130

Compliance Privacy Processors Legal 130

Core

MARCH 19, 2024

City and county government institutions bear the responsibility of careful management—and protection—of public funds. Still, payment fraud is a concern in every sector, and the stakes for government organizations are especially high. The solution: robust government fraud detection mechanisms for payment systems.

Fraud Detection 52

Fraud Detection Government Governance Compliance 52

VISTA InfoSec

JULY 17, 2024

Keep your systems updated with global cybersecurity governance standards. Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must. Think about the various regulations around the world. You won’t miss any risks hiding in non-English speaking areas of your network.

Cybersecurity 231

Cybersecurity Compliance Encryption Best Practices 231

The Payments Association

NOVEMBER 12, 2024

In his new role, Martin will play an instrumental part in continuing to grow the firm’s presence in the sector and enhancing its innovative solutions to continue to support clients with every day legal needs, business critical projects and every touchpoint in between.

Cross-Border 88

Cross-Border Disputes Legal Laws 88

The Fintech Times

MARCH 26, 2024

has joined forces with the DNS Research Federation (DNSRF), an Oxford-based non-profit that does data-driven policy research on domain names and internet governance, to find out just how widespread the issue is. Despite the fact that many companies operate as both, the industry continues to self-regulate. In response, Which?

Governance 64

Governance Government Scams Non-Bank 64

PYMNTS

JANUARY 26, 2021

When it comes to the Chinese government and its regulators, it’s hard to read the tea leaves. Speaking at a World Economic Forum panel, Yi said the matter was “complicated” and what was needed was a clear legal framework. “I But it is also a major Chinese lender , and that has attracted negative attention from regulators.

Legal Framework 95

Legal Framework Regulations Central Bank Privacy 95

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

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. Other important data to consider: Regulators Open Banking Opportunities In Mexico Our optimism for Mexico’s potential is boundless. of households, while Internet penetration is 62.9%.

Financial Inclusion 147

Financial Inclusion FinTech Laws Regulations 147

Open Banking Excellence

MAY 2, 2024

Innovation and the business environment in Georgia With fintech and Open Banking, we have a chance to act as a hub to enable the flow of data and the transmission of best practices on standards and regulations. Businesses are empowered to more easily and efficiently navigate the regulator landscape. With a population of just 3.7

Interoperability 147

Interoperability Payment APIs and Integration Central Bank Cross-Border 147

VISTA InfoSec

JUNE 21, 2023

However, due to the nature of cybercriminal activity, it is crucial to react quickly and correctly to contain the incident, minimize any further damages, and protect your business from legal troubles. Be sure to familiarize yourself with state laws, which your legal counsel will be able to help with.

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

Fintech Finance

SEPTEMBER 24, 2024

The government is producing a much needed National Payments Vision and Strategy (NPV&S), that reflects its recognition of the systemic importance of payments to the UK authorities and how its leadership must give rise to a new era for payments. Prioritise initiatives and decide on investment programmes.

Cross-Border Payments 95

Cross-Border Payments Financial Inclusion Cross-Border Payments 95

The Fintech Times

MAY 11, 2024

A refreshing sentiment that stands in stark contrast to the usual grumblings elsewhere that regulations hinder innovation. In Dubai, stakeholders view regulations as a catalyst for growth and success, providing a sturdy foundation that drives the thriving developments in the fintech sector.

Regulations 59

Regulations FinTech Innovation Authorization 59

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. government. government. according to Metro.

Regulations 92

Regulations Legal Rules Economy 92

The Fintech Times

OCTOBER 18, 2024

Risk management is a necessity in fintech, as well as a legal obligation. In contrast, fintech companies must adopt a forward-looking approach that integrates KRIs with traditional key performance indicators (KPIs) to ensure robust financial governance.

Risk 108

Risk FinTech Risk Management Cybersecurity 108