The Fintech Times

MARCH 12, 2025

The UK governments decision to scrap the Payment Systems Regulator (PSR) and merge its functions into the Financial Conduct Authority (FCA) has divided opinion across the financial sector. Ultimately, we need alignment from authorities to avoid superfluous red tape.” ” Just a logo change?

FinTech 59

FinTech Payment APIs and Integration Fraud Prevention Push-to-Card 59

Fintech Weekly

JULY 17, 2025

And second, the lack of clear limitations on SEC authority, which, according to some stakeholders, leaves the door open for continued enforcement ambiguity. When the US passed Dodd-Frank Reform after the 2008 crisis, the impact didn’t stop at US borders. To many in the space, that feels like déjà vu.

Blockchain 78

Blockchain Rules Regulations FinTech 78

Finextra

JUNE 5, 2025

Enable Accountable Authorities To ensure the reliability of digital credentials in business contexts, a robust trust framework is essential. The credibility of these credentials depends on the authority and verifiability of their issuers. Competent authorities should attest to the legitimacy of issuers.

Credential 52

Credential Payment APIs and Integration Authorization Issuers 52

Finextra

JUNE 18, 2025

Lush Decor – Thriving from a Recession Founded during the 2008 financial crisis, Jenny Jing Zhu turned a modest home décor idea into a multi-million-dollar business. External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Adaptability.

Authorization 52

Authorization Privacy Research AI 52

PYMNTS

MAY 23, 2017

trillion peak it reached in the fall of 2008 — the same time that the Great Recession was earning its place in the history books. trillion at the end of the first quarter of 2017, up $473 billion from a year ago and $50 billion above the previous 2008 record. trillion in household debt of 2008 represented 85 percent of the U.S.

Fed 43

Fed Federal Reserve Economy Credit Cards 43

The Paypers

NOVEMBER 25, 2024

The Financial Conduct Authority has imposed a GBP 40 million fine on Barclays for failing to disclose specific arrangements with Qatari entities during its 2008 capital-raising efforts.

Authorization 36

Authorization 36

PYMNTS

DECEMBER 23, 2020

According to CFPB, Discover withdrew payments from over 17,000 customers without valid authorization and canceled payments for over 14,000 customers without telling them. That figure is close to banks’ losses from the 2008 sub-prime mortgage crisis. According to the analysis by the U.S.

CFPB 114

CFPB Consumer Financial Protection Bureau (CFPB) Government Governance 114

FloQast

MAY 2, 2024

and an accomplished author, season one takes a deep dive into the life and crimes of Dawn J. You can earn CPE as you listen. Hosted by forensic accountant Kelly Richmond Pope, PhD , an accounting professor at DePaul University in Chicago (go Blue Demons!) Bennett, a financial advisor whose career took a dark turn into high-level fraud.

Crime 105

Crime Due Diligence Advisors Agreements 105

PYMNTS

MARCH 6, 2019

ABN AMRO said it wasn’t involved in the Troika scandal because the branch named was sold to Royal Bank of Scotland in 2008. “We ING spokesman Raymond Vermeulen said the bank couldn’t comment specifically, but is taking the allegations seriously.

Money Laundering 51

Money Laundering Authorization Financial Crimes Crime 51

VISTA InfoSec

MARCH 5, 2024

We will explore these changes in detail, helping you understand the processes and mechanisms for restricting physical access to cardholder data, how physical access controls manage entry into facilities and systems containing cardholder data, and how physical access for personnel and visitors is authorized and managed. PCI DSS v4.0

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PCI DSS Procedures Assessments Checks 147

PYMNTS

JULY 16, 2020

German market watchdog Federal Financial Supervisory Authority, or BaFin , has come under fire for its actions in the Wirecard scandal, as the regulator reportedly failed to investigate warnings about the payments firm and instead cast more scrutiny on accusers, The Wall Street Journal (WSJ) reported.

Money Laundering 67

Money Laundering Authorization Regulations Legal 67

Fintech News

APRIL 11, 2024

His career includes serving as the Commissioner of Police for the Singapore Police Force from 1997 to 2010 and holding the presidency of INTERPOL from 2008 to 2012. As criminals continue to innovate and evolve their methods, authorities around the world must ensure that their expertise and capabilities stay relevant. said Khoo.

Advisors 85

Advisors Law Enforcement Laws Financial Crimes 85

PYMNTS

DECEMBER 11, 2020

David Evans, chairman of Global Economics Group, said in a PYMNTS roundtable that competition authorities challenged just 2.8 percent of proposed mergers from 2008 to 2016. Some pundits have expressed concern that holding up mergers and acquisitions could stifle innovation.

Federal Trade Commission 82

Federal Trade Commission FTC Authorization Acquirers 82

PYMNTS

OCTOBER 17, 2016

Companies such as Sybenetix are working with cloud computing, AI and biometrics to develop tools that will serve the financial services industry and help them to meet the mounting regulations enforced since the 2008 banking crisis. s Financial Conduct Authority plans to collaborate with RegTech companies to “act as a catalyst for change.”.

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AI Regulations Compliance Authorization 76

PYMNTS

FEBRUARY 4, 2019

A series of regulations was established to encourage a safer, more transparent financial services environment following the 2008 financial crisis. Money laundering remains a significant problem in the financial services sector, though, despite the urgency brought about by 2008. Following a joint investigation with U.S.

AML 64

AML Money Laundering Due Diligence Fincen 64

Green.Money

JULY 12, 2019

Lonnie Passoff Founder and President Green Payment Processing www.Green.Money About the Author: Lonnie Passoff started the first-ever internet-only electronic check processing firm in 2008. If you like this or any of my other videos or articles, please make sure and share them on social media.

Advisors 52

Advisors Processors Checks Authorization 52

PYMNTS

JULY 11, 2020

What We’re Reading, Fiction: “The End of October” This novel from “The Looming Tower” author Lawrence Wright is about a pandemic. Ever since the bankruptcy of Lehman in 2008, one of the pivotal events of the financial crisis, the question of why the Fed didn’t bail out Lehman as it did other banks still remains.

Fed 68

Fed Origination Authorization 68

FICO

MARCH 26, 2018

The UK, which has had real-time payments since 2008, has seen an increase in this approach, particularly against individuals. It is easy to lay liability for this at the feet of the victims, who after all have authorized the payment, arguably without making adequate checks.

Real Time Payments 88

Real Time Payments Irrevocability Push-to-Card Payments 88

PYMNTS

MARCH 21, 2019

Based in Germany, ayCash was founded in 2008 by Hans Hezel, and it operates YesCash and Cash4Less. Earlier this month , First Data announced the launch of Authorization Optimization, a digital commerce tool that optimizes card-on-file transactions to boost revenue for merchants.

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Authorization Credit Cards Volume Transactions 49

PYMNTS

MARCH 9, 2020

The regulators involved include the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the Financial Industry Regulatory Authority (FINRA). They’ve done this in the past around the 2008 financial crisis and 9/11.

Rules 61

Rules Regulations Authorization Compliance 61

PYMNTS

DECEMBER 27, 2018

According to Bloomberg , shareholders had seen the value of their investment in Danske increase five-fold since the end of 2008. As a result, authorities in Denmark, Estonia, Britain and the United States are all investigating the scandal. Unfortunately, he doesn’t think that it likely to happen anytime soon.

Money Laundering 51

Money Laundering Non-Bank Authorization Risk 51

PYMNTS

JANUARY 11, 2021

Study author Jerry Nickelsburg wrote that while retail “struggled” even during the pre-COVID economic expansion “the current recession tripled down on that struggle.”. That’s nearly twice the drop that retail rents saw following the 2008 Great Recession. Nationwide, Moody’s Analytics estimated that effective retail rents would fall 11.1

Returns 82

Returns On-Demand Agreements Authorization 82

PYMNTS

NOVEMBER 5, 2018

Roughly a decade on, is it time to remove some of the rules governing the financial sector that took shape in the aftermath of the Financial Crisis of 2008? To that end, the Federal Reserve proposed last week that some rules be relaxed for 16 financial institutions — though the largest banks in the country are not among them. PSD2 News, Too.

Fed 51

Fed Federal Reserve Regs Rules 51

PYMNTS

APRIL 9, 2019

The letter also calls on the Financial Conduct Authority (FCA) to investigate Lloyds Chief Executive Antonio Horta-Osorio, claiming he knew about the ongoing fraud as far back as 2011, but failed to initiate an investigation. Reports in City A.M. The scam has already led to the imprisonment of several former executives.

Authorization 49

Authorization Scams Small Business Acquirers 49

PYMNTS

NOVEMBER 16, 2020

Between 2008 to 2016, he said, the competition authorities challenged only 2.8 David Evans , chairman of Global Economics Group , has noted that the DOJ and FTC look at 1,500 to 2,000 transactions each year, with teams of economists and lawyers in place examining areas of competitive concern. An overwhelming number passed muster.

FTC 115

FTC Innovation Federal Trade Commission Regulations 115

Fintech Review

MARCH 5, 2024

The Core Impact of AI and ML on the Development of Fintech Photo by Dan Cristian Pădureț on Pexels.com Robo-Advisors Robo-advisors have changed significantly since the introduction of KaChing (now known as Wealthfront) in 2008. About the author Chirag Shah, founder and CEO of Nucleus Commercial Finance and Pulse.io

AI 105

AI FinTech Advisors On-Demand 105

PYMNTS

JULY 27, 2016

Parliament’s Treasury Committee released its report on the effectiveness of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) this week, criticizing the bodies for their “inadequate” impact on curbing bank misconduct. Soon after, the bank merged with Lloyds Banking Group.

Regulations 40

Regulations Authorization Treasury B2B 40

PYMNTS

DECEMBER 18, 2019

The probe is being done by the Swedish financial supervisory authority, and on Wednesday (Dec. 18), the organization said it was looking into how the bank handled money laundering monitoring and how strong its anti-money laundering (AML) measures actually were. . It also said its measures had “increased over time.”.

AML 53

AML Regulations Money Laundering Authorization 53

PYMNTS

JULY 2, 2020

The publication noted accusations had been leveled against the firm as far back as 2008, with multiple investigations launched by Germany’s market regulator the Financial Supervisory Authority (BaFin). It wasn’t the first time the company’s financials came under scrutiny either. ” Swift Blowback.

Audit 61

Audit Authorization SWIFT Government 61

PYMNTS

AUGUST 26, 2019

The Hill reported that the 252-count indictment was unsealed after authorities arrested 14 of the defendants in the United States; 11 of them had been based in Los Angeles; the remainder are outside the United States. She worked for De Niro from 2008 until her resignation in April. The indictment was unsealed by the U.S.

Business Email Compromise 58

Business Email Compromise Romance Scams Scams Identity Theft 58

FICO

JUNE 26, 2018

Real-time payments schemes are not new – indeed Japan has had a scheme since 1973, Switzerland was the first European scheme in 1987, and the UK’s Faster Payment scheme was launched in 2008 and is currently processing payments of around £140 billion per month. This raises the prospect of increased real-time payments fraud against businesses.

Real Time Payments 63

Real Time Payments Instant Payments Irrevocable Payment Irrevocability 63

PYMNTS

MARCH 25, 2020

Bernanke helmed the Fed when it was going through the financial crisis of 2008, and the subsequent recession that followed. He is also a known authority on the Great Depression. He was the first chairman to bring the benchmark interest rate to almost zero, and he implemented other measures that have since been copied by successors.

Fed 56

Fed Federal Reserve Shutdown Economy 56

PYMNTS

APRIL 4, 2019

After hitting a peak a little north of $12 trillion in 2008, household debt began contracting in 2008 and kept falling through 2012, according to the Federal Reserve Board ’s Financial Accounts of the United States. In real dollar terms, that means mortgage debt is worth around $1 trillion less than it was at its 2008 peak. “A

Fed 46

Fed Credit Cards Underwriting Federal Reserve 46

PYMNTS

NOVEMBER 9, 2016

” He also accepted the final verdict of the Financial Conduct Authority (FCA), which found wrongdoing by the GRG in how it handled its small business customers. . “Some of our customers went through what was a traumatic and painful experience as a result of the crisis.

Small Business 55

Small Business NOV Regulations Authorization 55

PYMNTS

DECEMBER 16, 2020

There were also reports of hackers who entered chat rooms and wreaked havoc, leading the company to require passwords or authorization for users to enter. . One of the keys to helping SaaS companies stay profitable in the future is to adjust their customer strategies.

Consumer 74

Consumer Origination On-Demand Adjustments 74

PYMNTS

MAY 12, 2016

office in London, revealed that back in 2008 secretive techniques and services were being offered to clients that would allow them to conceal assets. We do not comment on our interactions with the authorities,” BSI told the FT when asked about regulators contacting the bank in response to the insider’s disclosure.

Money Laundering 41

Money Laundering Authorization Regulations Facilitators 41

PYMNTS

SEPTEMBER 3, 2018

According to a recent statement , the Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) have signed a deal “that provides a framework for cooperation and referrals between the innovation teams of each authority.”. Hong Kong and Australia — along with related groups.

FinTech 44

FinTech Online and Mobile Banking Payment APIs and Integration Authorization 44