News

Regulation
Denmark Distances Financial Reg From Banks
January 02, 2019

Denmark, still recovering from a $230 billion money laundering scandal at Danske Bank, is going to propose new ways for its financial regulator to stop being so close to the banks that it supervises, according to a report in Financial Times. Get the Full Story...

Security & Fraud
European Union Wary Of Chinese Tech
January 02, 2019

The European Union wants tougher examination of potential risks associated with Chinese tech companies, amid growing fears of cybercrimes linked to Beijing and the Chinese government. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

International
Didi Chuxing Offers Financial Services
January 02, 2019

Didi Chuxing, China’s largest ride-hailing company, has debuted a slew of financial products for workers, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Security & Fraud
Warby Parker Cyberattack Affects 198K Accounts
January 02, 2019

Online glasses retailer Warby Parker was hit by a cybersecurity attack that affected about 198,000 of its customers from late September to late November, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
US Commerce Dept Eyes AI Export Reg
January 02, 2019

New technologies face numerous tests that go beyond whether they work. Will consumers use them for daily or near-daily tasks? Are there pragmatic business models associated with them? How will they scale? Get the Full Story Complete the form to unlock this article and enjoy...

Global Payments
National Bank of Kuwait Rolls Out SWIFT gpi; UCPB Launches InstaPay Transfer Service
January 02, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes The National Bank of Kuwait’s rollout of SWIFT Global Payments Innovation (gpi) services with the help of ACI Worldwide. In addition, UCPB launched its InstaPay service in The Phillipines, and...

Security & Fraud
Equifax Faces Scrutiny As Dems Take Over The House
January 02, 2019

Equifax and the other credit-reporting companies could end up in the crosshairs of lawmakers as Democrats gain control of the House of Representatives. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Regulation
Tighter Reg Shrinks China’s P2P Lending Mkt By 50 Pct In 2018
January 02, 2019

The peer-to-peer (P2P) industry in China could see the number of players decline by as much as 70 percent in 2019, reported Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
IBM Predicts 3 Pct Retail Revenue Rise In 2019
January 02, 2019

Following a strong holiday shopping season, the IBM 2019 Retail Forecast suggests that retailers will experience a 3.04 percent rise in year-over-year revenue this year. The report indicated growth among different categories from restaurants to health and personal care, Chain Store Age reported. Get the...