The Paypers

OCTOBER 9, 2024

Singapore-based cryptocurrency exchange Crypto.com has initiated a lawsuit against the US SEC after receiving a legal threat from the regulator.

Legal 68

Legal Cryptocurrency Regulations 68

Bank Automation

SEPTEMBER 16, 2024

7, are suing Ally Financial subsidiary Detroit-based Ally Bank for: […] The post Ally faces legal battle after data breach appeared first on Bank Automation News. Plaintiff Sebastian Owens, among others in the class action suit, according to court documents filed in the District Court of Western District of North Carolina on Sept.

Data Breach 81

Data Breach Breach Legal Automation 81

Finextra

AUGUST 5, 2024

JPMorgan Chase is considering taking legal action against the Consumer Financial Protection Bureau (CFPB) over an ongoing probe into the abuse of Zelle payments by scammers.

Consumer Financial Protection Bureau (CFPB) 78

Consumer Financial Protection Bureau (CFPB) Zelle Legal CFPB 78

VISTA InfoSec

MARCH 28, 2024

Data Minimization Data minimization means collecting only the information you absolutely need to serve your customers or comply with legal requirements. For example, if you’re only shipping products, you might not need to collect customers’ birthdates unless it’s relevant for legal age verification.

Data Breach 277

Data Breach Regulatory Compliance Breach Encryption 277

Payments Dive

MAY 6, 2022

That's opened the door for young companies that are using the ACH network to facilitate cannabis payments in states where it’s been legalized. In the cannabis business, federal illegality has kept many banks and payments companies on the sidelines.

ACH Network 182

ACH Network Compliance ACH Legal 182

Payments Dive

OCTOBER 1, 2024

billion to a litigation escrow account as it battles a Justice Department lawsuit and ongoing legal case with merchants. The company added $1.5

Legal 156

Legal Accounts 156

VISTA InfoSec

OCTOBER 21, 2024

Relevant Skills of a Qualified DPO Deep understanding of Data Protection Laws, such as GDPR, CCPA, and others to ensure compliance with legal requirements. Strong communication skills to easily convey technical and legal concepts to the stakeholders, regulators, and employees. Internal vs. External DPO: Who is Better?

CCPA 178

CCPA Privacy Assessments Laws 178

Finextra

NOVEMBER 25, 2024

Just five months after BBVA distributed 3,000 ChatGPT Enterprise licenses among its employees, 83 percent have incorporated it into their work routine and have created nearly 3,000 adaptations of the tool for specific tasks, ranging from financial data analysis to help to solve legal questions from clients in less than 24 hours or provide customer (..)

AI 120

AI Legal 120

Fintech News

JANUARY 9, 2024

Despite concerns raised by the Office of the Council of State regarding the financing of this programme, they have not identified any legal impediments to the government’s plan to borrow funds for this purpose.

Central Bank 134

Central Bank Legal Government Governance 134

VISTA InfoSec

MAY 24, 2024

It helps fulfil its legal and regulatory obligations related to data protection and privacy to prevent the risk of facing legal action, regulatory fines, and sanctions for failing to safeguard customer information adequately.

PCI DSS 240

PCI DSS Small Business Assessments Compliance 240

Fintech News

JULY 28, 2024

They highlighted issues such as the merging of pension payments with severance packages, which they argue might not comply with Indonesian legal standards. Bank Commonwealth assured that it would adhere to legal requirements in compensating laid-off employees.

Legal 118

Legal Agreements Laws Acquirers 118

Fintech Finance

JUNE 21, 2024

Shieldpay , the payments partner for the legal sector, is working with KPMG Law UK (part of KPMG LLP) to provide payments services for its high value, complex client transactions. They have an innovative and ambitious approach to legal services, reflecting the changing needs of businesses and the evolution of the sector.

Laws 98

Laws Legal Mitigation Payments 98

VISTA InfoSec

APRIL 5, 2024

The road to recovery could be expensive if it involves customer complaints, internal investigation, and legal proceedings. The aftermath of a data security concern could change the landscape of your business, depending on the incident.

Best Practices 278

Best Practices Business Continuity Continuity Compromise 278

Stax

MAY 21, 2024

We’re seeing a similar trend in the legal industry, where law firms rely on case management systems to run their businesses. Legal technology handles billables, case management, and document management. Legal practice management systems improve law firms’ workflows and functionality, so they manage more cases and serve clients better.

Laws 88

Laws Legal Process Product 88

Open Banking Excellence

JULY 11, 2024

They have expertise in a range of areas, including marketing, legal, business development and more. Our programme is designed to connect FinTech founders with industry experts to support entrepreneurs on their start-up journey. Our mentors are carefully selected from our FinTech community.

FinTech 130

FinTech Legal Posting 130

VISTA InfoSec

MAY 12, 2024

Work with PCI DSS Compliant Vendors While the PCI DSS (Payment Card Industry Data Security Standard) is not a legal requirement, it is a sign that an organization or a product is up to par when it comes to combating common cyber threats. To keep your business secure, only engage with payment processors and vendors that comply with PCI DSS.

PCI DSS 276

PCI DSS Security Compromise Best Practices 276

VISTA InfoSec

OCTOBER 21, 2024

Additionally, to note not every organization is legally required to appoint a DPO, but there are specific circumstances outlined in GDPR where it becomes mandatory. Our experienced team will guide you through every step of the way from monitoring compliance to managing data protection risks, and help you avoid legal penalties.

CCPA 130

CCPA Privacy Laws Data Breach 130

VISTA InfoSec

AUGUST 22, 2023

Use beyond the original purposes requires explicit consent or legal justification. Limitation of storage: The retention of biometric data must be in line with specific purposes, requiring defined retention periods and the deletion/anonymization of data after the fulfillment of the purpose or compliance with legal requirements.

Privacy 130

Privacy Compliance Legal Best Practices 130

Fintech News

APRIL 22, 2024

Previously, the SEC has taken legal actions against unauthorised operators soliciting digital asset services within Thailand, including high-profile cases involving foreign platforms like Binance and Bybit. Unlicensed operators do not offer legal protection, increasing the risk of scams and money laundering activities.

Blocks 113

Blocks Law Enforcement Money Laundering Crime 113

Fintech Finance

DECEMBER 11, 2024

With a proven track record in transforming financial data collection across different sectors, Armalytix has developed a sophisticated platform that streamlines Source of Funds (SoF) verification, addressing long-standing challenges in legal financial processing.

Laws 81

Laws Transactions FinTech Legal 81

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 116

Legal Returns On-Demand Laws 116

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. 5 - (2 votes)

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

Fintech Finance

JULY 16, 2024

These reports take forward priority actions under the G20 Roadmap to address legal, supervisory and regulatory frictions in cross-border payments to help achieve the quantitative targets in 2027. In response to these changes, legal, regulatory and supervisory frameworks that govern PSPs have had to rapidly adapt and evolve.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Consulting Regulations 98

Fintech News

JANUARY 15, 2024

Airwallex has also faced challenges with a high-pressure culture and high staff attrition, particularly in its legal, risk, and compliance departments which saw a 14 percent staff exit in just one quarter of 2022.

Compliance 117

Compliance Money Laundering Cross-Border Legal 117

Fintech News

JANUARY 31, 2024

The DAA seeks to unite various sectors, including financial institutions, fintech companies, technology providers, and legal and regulatory experts, to address the evolving landscape of tokenised real-world assets. Featured image: Digital Assets Association Exco.

Best Practices 116

Best Practices Legal Blockchain Risk Management 116

Fintech News

MAY 15, 2024

This partnership aims to tackle inefficiencies in current payment systems, particularly in cross-border transactions, which face various legal, regulatory, and technical challenges, as well as different operating hours and time zones. Enhanced financial integrity controls, such as anti-money laundering measures, are also a focus.

Cross-Border Payments 143

Cross-Border Payments Cross-Border Federal Reserve Central Bank 143

Fintech News

APRIL 15, 2024

The investigation was led by a special committee under Temenos’ Non-Executive Chairman Thibault de Tersant and supported by legal and forensic experts from Schellenberg Wittmer Ltd, Sullivan & Cromwell LLP, and Alvarez & Marsal Switzerland LLC.

Legal 108

Legal Audit Non-Bank Research 108

VISTA InfoSec

JULY 17, 2024

Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must. Each of these sets its own rules on handling personal information safely and legally. Make sure everyone knows how to use these tools correctly. Also, pick the software that supports various languages.

Cybersecurity 231

Cybersecurity Compliance Encryption Best Practices 231

VISTA InfoSec

JUNE 26, 2024

Industries with stringent regulatory requirements, such as finance and healthcare, particularly benefit from strong cybersecurity, as compliance avoids legal penalties. Thus, due diligence in evaluating a company’s cybersecurity posture is crucial for an investor. 5 / 5 ( 1 vote )

Cybersecurity 256

Cybersecurity Due Diligence Security Breach 256

VISTA InfoSec

MAY 2, 2024

Compliance is another essential aspect, particularly for businesses in regulated industries such as healthcare, finance, and legal. Managed IT service providers are well-versed in the specific compliance requirements of these sectors and ensure that your IT systems meet the necessary legal and ethical standards.

Cybersecurity 130

Cybersecurity Legal Compliance Best Practices 130

VISTA InfoSec

SEPTEMBER 14, 2023

As per Article 4 (7) , a data controller is defined as ‘a natural or legal person, public authority, agency, or other body which, alone or jointly with others, determines the purposes and means of processing personal data.’ While not a legal requirement, this step lays the foundation for your business to ensure full compliance.

Compliance 130

Compliance Privacy Legal Processors 130

VISTA InfoSec

FEBRUARY 25, 2024

You may face legal/regulatory penalties for violating disclosure laws. Business Intelligence Email inboxes, including attachments/metadata, contracts, strategic plans, product designs/code, proprietary research, trade secrets, intellectual property like patents, and confidential memos/documents.

Data Breach 266

Data Breach Breach Multifactor Authentication Cybersecurity 266

Fintech News

MARCH 31, 2024

This amendment established a legal and regulatory framework facilitating FIs to share critical customer data, but only under strict conditions. The introduction of COSMIC—short for Collaborative Sharing of Money Laundering/TF Information & Cases—follows the amendment of the Financial Services and Markets Act in May 2023.

Financial Crimes 109

Financial Crimes Crime Money Laundering Law Enforcement 109

Fintech News

MARCH 18, 2024

According to the lender’s legal representative, this form of insurance, which covered merely 10% of the total funds, falls short of the protections promised by the platform. In response to these allegations, Modal Rakyat had reportedly pledged to respect the legal process and work towards resolving the dispute.

P2P 103

P2P Disputes Legal Underwriting 103

Payments Dive

SEPTEMBER 19, 2024

The card services company argued Wednesday that it has always been upfront with customers about fees, and was blindsided by the CFPB's legal action.

CFPB 88

CFPB Legal Card Services 88

Fintech News

MAY 27, 2024

The consultation paper is available on the SEC’s website and the central legal hub. The SEC is conducting this public hearing to address issues and challenges related to the current decree and its associated regulations. The feedback will help ensure the decree is necessary, consistent, and effectively enforced. or dpsec@sec.or.th.

Laws 116

Laws Legal Consulting Addressing 116

Fintech Finance

SEPTEMBER 17, 2024

21/2023, dated May 25th, which sets the legal framework for startups and scaleups in Portugal. This certification confirms that Akurateco meets all legal and regulatory requirements for scaleup status in Portugal. The recognition comes after the company successfully met all criteria outlined in Law No.

Legal Framework 95

Legal Framework Legal Innovation Payment Solutions 95