PYMNTS

JANUARY 22, 2021

regulators to tighten the financial reporting requirements of banks and other financial services providers. "We look forward to continuing our ongoing relationship with MoneyGram as we make this possible through real-time payments to more people around the world.". MoneyGram is in favor of a proposal by U.S.

P2P 107

P2P Cross-Border Real Time Payments Cross-Border Payments 107

Neopay

JULY 18, 2024

These technical standards are crucial as they allow supervisors to monitor institutions’ compliance with the Capital Requirements Regulation (CRR3) implementation of the latest Basel III reforms in the EU and will foster consistent and enhanced supervision.

Reporting Requirements 52

Reporting Requirements Credit Risk Risk Compliance 52

PYMNTS

OCTOBER 15, 2018

Launched in April 2017, the MSB Call Report required licensees to file by mid-May. Lambert stated that the MSB Call Report and Uniform Authorized Agent Report represent an ongoing effort by state regulators to unify reporting requirements.

Regulations 68

Regulations Privacy Reporting Requirements Laws 68

Finextra

APRIL 5, 2024

A new innovation hub will be opened in Dublin to support global financial institutions push forward with meeting environmental, social and governance (ESG) regulatory and reporting requirements.

Reporting Requirements 52

Reporting Requirements Finance Governance Government 52

Finextra

JULY 16, 2024

The European Banking Authority (EBA) today launched a consultation on draft Guidelines on reporting requirements to assist competent authorities and the EBA in performing their duties under the Markets in Crypto-assets Regulation (MiCAR).

Consulting 52

Consulting Reporting Requirements Authorization Regulations 52

The Paypers

DECEMBER 18, 2024

Broadridge Financial Solutions has partnered with the CCRI , to create an integrated platform aimed at helping European financial firms meet new sustainability reporting requirements under the MiCA regulations.

Compliance 41

Compliance Reporting Requirements Regulations 41

The Fintech Times

SEPTEMBER 23, 2024

It provides its Nasdaq AxiomSL solution to support financial and regulatory reporting requirements across 55 countries and 110 regulators. .” Servicing Latin America Nasdaq services over 50 banking and payment services clients in Latin America.

Compliance 105

Compliance Regulations Treasury Reporting Requirements 105

PYMNTS

DECEMBER 29, 2020

The deal also comes amid a shift toward “real-time compliance requirements” as tax officials around the globe seek ways to collect revenue faster, and with more transparency and a lower risk of fraud.

Compliance 85

Compliance Acquirers Near Real-Time On-Demand 85

PYMNTS

NOVEMBER 14, 2018

A new report from Deutsche Bank said this industry path is guiding banks and corporates to a new destination: real-time treasury. The report also predicted further changes in banks’ intraday liquidity reporting requirements, highlighting the need for industry standardization.

Real Time Payments 78

Real Time Payments Real Time Gross Settlement (RTGS) Liquidity Management Same Day ACH 78

PYMNTS

NOVEMBER 26, 2019

“Citi failed to deliver accurate returns and failed to meet the standards of governance and oversight of regulatory reporting, which we expect of a systemically important bank,” said BoE Deputy Governor and PRA Chief Executive Sam Woods. Citigroup said it corrected the issues as soon as it became aware of them.

Returns 76

Returns Audit Regulations Authorization 76

PYMNTS

OCTOBER 14, 2016

While banks traditionally take on the burden of compliance, Bellin said treasurers need to similarly maintain knowledge of evolving regulations; data can be a key facilitator behind compliance and reporting requirements.

Treasury 75

Treasury Treasury Management Compliance Mitigation 75

PYMNTS

SEPTEMBER 22, 2016

Separately, in the land of potential tech IPOs, Okta, the identity management startup, has been moving toward the public markets, as noted by The Wall Street Journal , and has been looking for an assistant controller who can support reporting requirements that stretch across both pre- and post-IPO environments.

Reporting Requirements 66

Reporting Requirements Continuity Posting 66

CB Insights

NOVEMBER 11, 2022

ESG reporting requirements. ESG REPORTING REQUIREMENTS. This can support firms’ reporting on progress to meet environmental, social, and governance (ESG) standards. Why it matters: ESG standards are evolving, and investors are grappling with an increasing number of reporting requirements.

API 66

API Reporting Requirements Embedded Finance Laws 66

Fintech News

OCTOBER 21, 2024

Presently only targeting large firms, compulsory reporting requirements will increasingly include a larger set of firms. Many SMEs are already required to collect sustainability information due to the trickle-down effect on the whole supply chains of larger firms.

Finance 117

Finance Blockchain FinTech Regulations 117

The Paypers

MARCH 17, 2021

Nordea Bank has selected risk and regulatory reporting solutions provider AxiomSL to support the bank’s risk and regulatory reporting requirements in Finland, Sweden, Denmark, and Norway.

Risk 41

Risk Automation Reporting Requirements 41

VISTA InfoSec

OCTOBER 26, 2023

Understanding the unique risk areas, reporting requirements, and controls of each standard can enhance compliance strategies, mitigate risks, and build a reputation for reliability and trustworthiness. Public companies must comply with SOX, while service organizations can opt for SOC to gain a competitive edge.

Audit 130

Audit Compliance Laws Government 130

The Fintech Times

APRIL 25, 2024

To start, CTCs are not universally uniform, and each jurisdiction may have varying reporting requirements and compliance processes. Rather, they should be viewed as an ongoing process, demanding a fundamental change in IT and finance strategies. This in itself is a major hurdle for businesses.

Continuity 69

Continuity Near Real-Time Compliance Authorization 69

PYMNTS

NOVEMBER 26, 2019

The central bank’s decision, Barybin explained, had everything to do with strict data sharing and reporting requirements with which SatchelPay could not keep up. During this time, the company focused on restructuring and management enhancements to ensure the company can, moving forward, comply with reporting requirements.

Compliance 73

Compliance Regulations FinTech Cross-Border Payments 73

FICO

MAY 17, 2017

It is anticipated that civil judgments and some tax liens will be removed from consumer reporting agency (CRA) data when this goes into effect, including previously reported tax liens and/or civil judgments that do not meet the new NCAP-related reporting requirements.

Assessments 84

Assessments Reporting Requirements Volume Consumer 84

PYMNTS

JUNE 14, 2017

TMF Group dubbed its tax enforcement policy as “aggressive,” while high data reporting requirements and investments in electronic reporting solutions are likely to make the country even more complex, the report predicted.

Regulatory Compliance 58

Regulatory Compliance Compliance On-Demand Regulations 58

The Fintech Times

JANUARY 25, 2024

Aside from the issues firms have reported around their financial control processes, institutions also revealed concerns about their data quality, particularly regarding meeting regulatory reporting requirements.

Process 64

Process Audit Regulatory Compliance Consulting 64

Fintech News

FEBRUARY 20, 2024

The KPMG and Elevandi data study details how tailored educational programs and simplified reporting requirements will be vital to bridging the ESG knowledge gap. The Critical Role of Education and Capacity Building An essential component of Project Savannah’s strategy involves education and capacity building among MSMEs.

Small Business 104

Small Business Credential Facilitators Verification 104

PYMNTS

OCTOBER 17, 2016

The consultation was set forth by the Department for Business, Energy and Industrial Strategy, according to reports. “The new commissioner must have the confidence and respect of the entire business community and the strength to take on large businesses where necessary,” he said in his statement.

Small Business 70

Small Business Payments Government Governance 70

Finovate

FEBRUARY 21, 2024

At the conference, the company demoed how its automated reconciliation and reporting platform conducts fully automated reconciliations, and automates legal, regulatory, and scheme reporting requirements. The platform also gives users the ability to explore and investigate data to better understand consumer and product behavior.

Reconciliation 69

Reconciliation Payments APACS Automation 69

PYMNTS

FEBRUARY 6, 2020

She also took issue with“weakened reporting requirements under the Home Mortgage Disclosure Act, allowing redlining and discriminatory lending to proliferate undetected; and abandoned the Consumer Bureau’s longstanding defense of the constitutionality of its structure as an independent watchdog.”.

CFPB 60

CFPB Consumer Financial Protection Bureau (CFPB) Rules Consumer 60

The Paypers

AUGUST 24, 2022

US-based PayPal has joined the Travel Rule Universal Solution Technology (TRUST) network in order to update its reporting requirements regarding the digital assets travel rule.

Regulatory Compliance 36

Regulatory Compliance PayPal Travel Rule Compliance 36

The Fintech Times

NOVEMBER 22, 2024

This is not only essential for our planet’s future but also empowers SMEs to stand out to customers looking for sustainable options, and to procurement teams that need this data to meet their own Scope 3 (upstream) reporting requirements.

Database 64

Database Automation Reporting Requirements FinTech 64

PYMNTS

JANUARY 30, 2019

The Panama Papers, for instance, have provided a behind-the-scenes view into the legal practices and transaction structures used by some corporations and high-profile individuals to avoid regulatory reporting requirements.

Due Diligence 74

Due Diligence Verification Money Laundering FinTech 74

The Fintech Times

SEPTEMBER 18, 2024

AutoRek , the Glasgow-based reconciliation and financial data management platform, has partnered with Capgemini , the consulting and digital transformation firm, to ensure it remains ahead of reporting requirements for clients as well as complying with regulatory changes.

Reconciliation 59

Reconciliation Payment Reconciliation Consulting Cash Management 59

The Fintech Times

AUGUST 19, 2024

The PSR will also consider the potential effectiveness of interventions that do not establish a VRP API access price, such as price transparency or reporting requirements. The PSR will evaluate different pricing approaches, including those suggested by respondents.

Continuity 59

Continuity Regulations API Reporting Requirements 59

PYMNTS

NOVEMBER 26, 2019

“Citi failed to deliver accurate returns and failed to meet the standards of governance and oversight of regulatory reporting, which we expect of a systemically important bank,” said BoE Deputy Governor and PRA Chief Executive Sam Woods. Citigroup said it corrected the issues as soon as it became aware of them.

Returns 54

Returns Audit Regulations Authorization 54

PYMNTS

DECEMBER 3, 2019

The BSA establishes recordkeeping and reporting requirements for national banks, federal savings associations, federal branches and agencies of foreign banks. It was amended to include the Patriot Act, which requires every bank to adopt a customer identification program.

Suspicious Activity Report (SAR) 55

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

Neopay

SEPTEMBER 2, 2024

With an increase in the number of reports required, it’s easy for businesses to fall behind. A Compliance Monitoring Plan can include checks to ensure that all regulatory reporting is up-to-date and accurate. This is crucial for demonstrating transparency and a commitment to compliance.

Compliance 59

Compliance Regulatory Compliance Money Laundering Assessments 59

Fintech Review

JUNE 12, 2024

This includes ensuring data privacy and security, adhering to underwriting guidelines, and meeting reporting requirements. Cultural Resistance to Change Integrating new technologies often requires a shift in organisational culture. Insurers need to navigate complex regulatory landscapes while implementing innovative solutions.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

PYMNTS

DECEMBER 17, 2019

Adam Cohen, Google’s global head of economics and competition, had concerns about the potential mandate for submitting reports regarding GAFA businesses, a government official told JT. Amazon also questioned the reporting requirement. Facebook expressed concern that some rules were stricter than those in the European Union.

Rules 52

Rules Laws Regulations On-Demand 52

PYMNTS

MAY 1, 2018

Employers need to conduct a headcount immediately to see if they’re subject to new STP reporting requirements,” he told the publication. He warned that any companies with 20 or more employees as of April 1, 2018, will have to comply with the STP requirements, even if their headcount falls below 20.

Payroll 40

Payroll Reporting Requirements Rules Regulations 40

The Fintech Times

FEBRUARY 12, 2024

The actions taken by the FSRA address failures (to the extent applicable in each case) to: follow due diligence procedures as required by the Regulations; keep records of the performance of due diligence; report required information in a complete and accurate manner; and/or submit the required annual information return.

Distributed Ledger Technology (DLT) 59

Distributed Ledger Technology (DLT) Due Diligence Innovation Procedures 59