Sections
bank regulation
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7.4KB2B PaymentsHow Banks Can Turn Compliance Burden Into A Data Opportunity
While regulators had transparency and financial security in mind when introducing more stringent requirements for banks following the global financial crisis, financial...
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10.6KRegulationCan PSD2 Get Past Its GDPR Problem As Deadlines Hit?
Ladies and gentlemen, it has finally arrived. From this day forward (March 14), businesses covered by the European Union’s (EU’s) Second Payment...
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4.6KBank RegulationMr. Sloan Goes To Washington
Call it a movie that features a less than-thrilled-to-have-top-billing star. Call it Mr. Sloan Goes to Washington. As has been widely reported,...
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6.1KB2B PaymentsAussie Regs Add New Criticism For Big Banks
The Australian Securities and Investments Commission (ASIC) is criticizing top Australian banks for what the regulator said is an inefficient process of...
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7.6KDigital BankingDeep Dive: How Challenger Banks Navigate Licensing Obstacles
Many challenger banks pursue charters to establish themselves as trustworthy institutions and compete directly with legacy FIs. Yet, pursuing charters can be...
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5.7KB2B PaymentsEU Parliament Eyes New Rules On Cross-Border Payment Fees
This week, the EU Parliament voted for new rules mandating that banks cut fees on cross-border euro payments for countries within and...
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2.7KPersonnelSantander Banker Tapped To Lead EBA
The European Banking Authority (EBA) announced that it has nominated José Manuel Campa as its new chairperson. The EBA said in a statement...
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3.7KB2B PaymentsFed Chairman Concerned Over Shrinking Bank Market
The U.S. banking industry is in flux, largely thanks to federal policy that has made it easier (and faster) for institutions to...
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2.8KBank RegulationRBI Boosts Regulatory Actions On Bank Lapses
Data show that the Reserve Bank of India has been stepping up actions taken against banks for regulatory lapses, as measured over...
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6.3KB2B PaymentsDoubt, Confusion, Confidence: Where Crypto Stands In B2B Payments
Cryptocurrency has come a long way since bitcoin’s emergence as an unregulated, anonymous payment technology. Perhaps the most poignant moment in this...
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3.7KRegulationTrump Admin Allows Faster Fed, OCC Bank Merger Approvals
Banks are finding it easier to merge since Donald Trump took office, and since federal regulators have revised policies to make the...
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5.2KB2B PaymentsGig Economy Money Laundering Shows Corporates’ KYC, AML Struggles
Payments messaging firm SWIFT announced on Tuesday (Feb. 12) that it will now allow corporates to join its KYC Registry in an effort...
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16.6KAlternative FinancesHow To See The Customer ‘Beyond The Credit Score’
“What’s in a name? That which we call a rose by any other name would smell as sweet.” -William Shakespeare, Romeo & Juliet...
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5.6KB2B PaymentsPlaid Expands Auth App To All US Banks
The U.K. may have been “ground zero” for Open Banking, but the collaborative model that brings together traditional financial services players and...
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4.0KRegulationFed Aims To Regulate Banks Based On Size
The Federal Reserve wants to change some of its regulations so that smaller banks don’t have to handle the same scrutiny and...
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3.9KBankingDeutsche Burdened By High Interest Rate Payments
Deutsche Bank is now paying the highest financing rates on the euro debt market as compared to other major financial institutions, which...
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5.7KSecurity & FraudAML Scandals Hamper Estonia’s Digital Society Ambitions
After being implicated in one of the largest money laundering scandals ever, Estonia is struggling to realize its dream of becoming a...
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5.3KBankingBoE Regs Find Accounting Mistakes At Metro Bank
Metro Bank is dealing with the fallout from the revelation that it misclassified a large number of commercial loans, with many predicting the...
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5.7KB2B PaymentsFirst New Community Bank In Decades Headed To US Market
The U.S. is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its...
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5.0KRegulationReports Link UK Treasury To RBS’ Small Biz Restructuring Scandal
As the fallout from Royal Bank of Scotland’s small business mistreatment scandal continues, the effects are being felt beyond the institution and...
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3.1KRegulationGovernment Shutdown Threatens Trump’s Financial Deregulation
The government shutdown, which is now the longest in modern history, is hurting President Donald Trump’s deregulation plans in the financial services...
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5.4KEarningsWells Fargo Credit Card Purchases Grow 5 Pct In Q4
A U.S. Federal Reserve asset cap on Wells Fargo will last all year instead of through the first half, said the bank’s...
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4.8KB2B PaymentsUK Says ‘No’ To Small Business Loan Regulation
The U.K. government has reportedly rejected recommendations by the Treasury Select Committee that suggested stricter regulations on bank lending to small businesses...
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9.0KInnovationDeutsche Bank: How To Make FI/FinTech Partnerships Work
David Watson of Deutsche Bank contributed the following piece as part of PYMNTS’ Masterclass series, where participants in the world of payments...
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3.2KBank RegulationDanske Fraud Case Leads To Eight Arrests In Estonia
Eight people in Estonia have been arrested in connection to Danske Bank’s money laundering scandal. According to Reuters, Estonian newspaper Postimees reported on...
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3.9KEuropeMacron, French Banks Agree Not To Raise Bank Fees
France’s major banks have agreed to freeze the fees they charge next year in an effort to stop “yellow vest” protests that...
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3.9KBank RegulationFed To Wells: Reform Or See Growth Stall
Wells Fargo won’t be allowed to grow until it hardens its risk management policies to make sure there are no more abuses...
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2.9KBank RegulationLawmakers Want To Outlaw SMB ‘Confession Loans’
U.S. Senators Sherrod Brown and Marco Rubio have called for a ban on confessions of judgement, a tactic predatory lenders use to...
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5.8KBankingWells Fires Slew Of Retail Bank District Managers
Wells Fargo has revealed that it is firing around three dozen district managers due to the retail banking scandal that happened more...
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6.9KRegulationEU Details Action Plan On Money Laundering
European Union finance ministers worked out a plan for combating money laundering and also made a deal on major bank reform on Tuesday (Dec. 4), according...
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Danske Scandal Could Disrupt Denmark Economy
The Danske Bank money laundering scandal in Denmark could potentially affect the country’s financial stability. Denmark’s largest bank is being investigated over “massive money...
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6.8KRegulationSmall Biz Complaints Get UK Bank Support
Financial Times reports that a number of banks in the U.K. have agreed to give smaller firms more power when it comes...
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10.0KArtificial IntelligenceIn The Age Of Algorithms, Will Banks Ever Graduate To True AI?
It’s the age of algorithms, but not all algorithms are the same — and not all of them constitute true AI. A...
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6.2KTaxesCannabis Cos’ $4.7B In Cash-Based Taxes Overwhelm IRS
The Internal Revenue Service (IRS) is paying $1.7 million to a Virginia company to handle “large cash payments for processing cannabis federal taxes.”...
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3.7KRegulationEU Ups Bank Supervision To Stem Money Laundering
European Union governments have reached a preliminary deal to bolster bank supervision in the hopes of preventing money laundering. According to Reuters,...
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4.2KB2B PaymentsMajor Australian Banks Don’t Want Regulatory Overhaul
Australia’s major banks aren’t in support of an overhaul to the new Banking Code of Practice. According to Smart Company, Commonwealth Bank,...
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6.4KBankingUK Retail Banks Draft FinTech Alliance Guidelines
Top U.K. banks and financial technology firms have worked together to create a set of guidelines to improve the relationship between FinTech...
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6.2KBitcoinBitcoin Daily: Hublot Unveils Bitcoin Watches; Swiss Regulator Throttles Bank Crypto Trading
Blockchain, the crypto wallet provider, plans to have an airdrop worth $125 million, Fortune reported. Through the cryptocurrency giveaway, each recipient would...
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3.1KBank RegulationFed Weighs In On Bank Liquidity Ratio (And Other) Changes
Roughly a decade on, is it time to remove some of the rules governing the financial sector that took shape in the...
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3.3KB2B PaymentsAustralia Forms Body To Handle Entrepreneurs’ Bank Disputes
Australia’s new government entity, designed to support small businesses (SMBs) claiming mistreatment by their banks, has opened its doors, reports in Smart...
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4.4KB2B PaymentsUK MPs Call For Overhaul Of Business Lending Rules
U.K. policymakers, or Members of Parliament (MPs), are slamming financial institutions (FIs) for their treatment of small business (SMB) borrowers, and are...
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11.2KSecurity & FraudHow PSD2 And Open Banking Impact Security
In the latest Digital Fraud Tracker Deep Dive, PYMNTS examines the authentication challenges posed by PSD2, GDPR and other data sharing initiatives.
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7.7KBankingFDIC To Help Banks Embrace Tech, Innovation
The Federal Deposit Insurance Corporation (FDIC) is setting up an office of innovation to encourage banks to adopt financial technology changes. FDIC...
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9.9KRegulationOCC Fines Capital One $100M Over AML Lapse
The Office of the Comptroller of the Currency (OCC) announced that it has fined Capital One $100 million due to shortcomings in...
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3.1KB2B PaymentsAktis Platform Boosts Banks’ Corporate Governance Transparency
Data intelligence firm Aktis is rolling out a cloud-based platform for banks to benchmark and analyze their market positions compared to industry...
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10.3KB2B PaymentsA Look Inside Switzerland’s Plans To Bank Crypto Businesses
The global regulatory framework of cryptocurrencies and blockchain remains either fragmented, vague or simply nonexistent. However, Swiss officials recently took steps to...
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4.5KB2B PaymentsUK To Allow More SMBs To File Bank Complaints
The U.K. government is broadening the ability of small businesses (SMBs) to lodge complaints against their banks, according to Financial Times reports...
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9.0KBank RegulationFederal Agencies Weigh In On Sharing Bank Secrecy Act Resources
Five federal agencies spoke on Wednesday (Oct. 3) on how community banks and credit unions can share resources to boost anti-money laundering (AML) efforts,...
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Fed Backs Community Bank Regulatory Overhauls
The U.S. Federal Reserve caught the attention of the financial services market this week with Fed Governor Lael Brainard’s speech Wednesday (Oct....
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3.5KSecurity & FraudTesco Bank Fined £16.4M For 2016 Cyberattack
Tesco Bank agreed on Monday (Oct. 1) to pay £16.4m in a settlement with the Financial Conduct Authority (FCA) due to a cyberattack...
