BANKING REGULATIONS

Kani Payments and Pismo Partner on Data Reconciliation, Reporting Platform
Kani Payments and Pismo Partner on Data Reconciliation, Reporting Platform
February 21, 2024  |  Partnerships

Kani Payments, a global data reconciliation and reporting platform, has formed a strategic partnership with Pismo, an issuer processing and core banking platform. This partnership extends...

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Report: Paytm Rebuts Money Laundering Claims Amid RBI Probe
Report: Paytm Rebuts Money Laundering Claims Amid RBI Probe
February 04, 2024  |  Bank Regulation

India’s banking regulator has reportedly found thousands of Paytm Payments Bank accounts created without proper identification. The Reserve Bank of India (RBI) has turned this information...

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Paytm CEO Forecasts Profitability in Under a Year
Paytm CEO Forecasts Profitability in Under a Year
December 20, 2023  |  Digital Payments

Paytm is reportedly overhauling its wealth management operations as the FinTech aims to fast-track profitability. Part of the plan also involves the Indian company hiring more than...

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Durbin Sets Sights on Frequent Flyer Rewards and Takes CCCA Battle to the Skies
Durbin Sets Sights on Frequent Flyer Rewards and Takes CCCA Battle to the Skies
October 31, 2023  |  Loyalty & Rewards

The fight over the Credit Card Competition Act (CCCA) has taken to the skies. This week, Sens. Dick Durbin, D-Ill., and Roger Marshall, R-Kan., who...

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Fed Vice Chair Michael S. Barr Calls for Stablecoin Regulation
Fed Vice Chair Michael S. Barr Calls for Stablecoin Regulation
October 27, 2023  |  Cryptocurrency

Michael S. Barr, vice chair for supervision at the Federal Reserve, addressed the increased experimentation with new payment technologies, such as stablecoins and central bank digital...

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CFPB Says Surprise Overdraft and NSF Fees Lead to $120 Million in Refunds
CFPB Says Surprise Overdraft and NSF Fees Lead to $120 Million in Refunds
October 11, 2023  |  Legal & Regulation

Surprise overdraft and nonsufficient funds (NSF) fees account for a significant portion of the refunds to consumers by companies announced Wednesday (Oct. 11) by the...

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SVB’s Collapse Cost $16 Billion, and Fed’s Watchdog Wants to Know Why
SVB’s Collapse Cost $16 Billion, and Fed’s Watchdog Wants to Know Why
September 28, 2023  |  Bank Regulation

When Silicon Valley Bank (SVB) failed this spring, it shocked the market.  But while those economic and banking sector wobbles have since largely abated, the third-largest...

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Finastra Debuts Compliance-as-a-Service to Combat Fraud
Finastra Debuts Compliance-as-a-Service to Combat Fraud
September 14, 2023  |  Fraud Prevention

Financial software firm Finastra has debuted a “Compliance-as-a-Service” solution for banks. The new tool, announced by the British company Thursday (Sept. 14) and available on Microsoft Azure, includes real-time...

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SVB Financial Pushes To Escrow $2B in Seized FDIC Funds
SVB Financial Pushes To Escrow $2B in Seized FDIC Funds
August 15, 2023  |  Legal & Regulation

Embattled lender SVB Financial, which is embroiled in a dispute with the U.S. Federal Deposit Insurance Company (FDIC), says it is losing $8.5 million a...

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