Fintech News

OCTOBER 14, 2024

The Singapore government has blocked NTUC Enterprise ’s proposed sale of Income Insurance shares to Allianz, citing concerns over the structure of the deal. During this process, Income carried over S$2 billion in surplus, which was granted an exemption by the Ministry of Culture, Community and Youth (MCCY) to support its business continuity.

Blocks 108

Blocks Government Governance Authorization 108

The Fintech Times

FEBRUARY 5, 2024

Slow data recovery Cyber resilience is a technology backbone for business continuity. It defines companies’ ability to recover their data and restore business processes when they suffer a cyberattack or adverse IT event. However, according to respondents, every company has cyber resilience and business continuity challenges.

Ransomware 115

Ransomware Data Security Data Breach Breach 115

PYMNTS

FEBRUARY 14, 2017

has begun the process of finding a commissioner to focus on late supplier payments as small businesses continue to struggle with cash flow, but reports of the initiative were released alongside separate reports that found one government entity struggling to pay its own suppliers. Reports by The Telegraph on Sunday (Feb.

Governance 40

Governance Government Payments Small Business 40

The Fintech Times

NOVEMBER 27, 2024

While the FCA still warns that consumers who invest in cryptoassets ‘should be prepared’ to lose all of their money, due to the continuing volatility and lack of regulation surrounding the industry, consumers appear undeterred. We hope that the FCA will continue to collaborate with enterprises in the digital asset space.

Regulations 112

Regulations Stablecoins Risk Consulting 112

PYMNTS

JUNE 19, 2020

Finance reported. “Many small businesses will continue to struggle in the weeks and months to come,” Senator Ben Cardin (D-Maryland) told Yahoo. Congress must once again act urgently to support our most vulnerable small businesses through this crisis, so our economy can recover as quickly as possible after the pandemic.”.

Small Business 91

Small Business Shutdown Underserved Treasury 91

PYMNTS

NOVEMBER 16, 2020

In addition, the review will let the Eurosystem address the issues and learn from them, looking into the "robustness" of the model for business continuity, the adequacy of regular recovery tests and the efficiency of managing change and the communication protocols, according to the release.

Central Bank 86

Central Bank Interoperability Cybersecurity Settlement 86

PYMNTS

NOVEMBER 12, 2020

Government-backed loan schemes like the Paycheck Protection Program (PPP) connected vital capital to small- to medium-sized businesses ( SMBs ) in need of aid to stay afloat. And when federal funding runs dry, SMBs will continue to need financing to remain viable and thrive in a post-pandemic market. The High-Risk Perception.

Regulations 92

Regulations Credit Union Small Business Finance 92

PYMNTS

OCTOBER 29, 2020

"Our strategy, planning and execution enabled us to adjust to changing market conditions, rebound quickly from the sharp downturn COVID-19 caused during the second quarter, and deliver strong profitability for shareholders," said Ersek, adding that while macroeconomic headwinds persist, "our business continues to improve.".

Cross-Border 81

Cross-Border Adjustments Use Case B2B 81

VISTA InfoSec

SEPTEMBER 5, 2024

Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. Establishing reliable backup protocols can mitigate the impact of ransomware and ensure business continuity in times of crisis.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. Establishing reliable backup protocols can mitigate the impact of ransomware and ensure business continuity in times of crisis.

Security 130

Security Phishing Ransomware Risk Assessment 130

PYMNTS

APRIL 21, 2020

HHS said that the attack was largely unsuccessful in its objective, however, as their servers were not impacted and business continued as usual. Government authorities suspect that a foreign nation was the perpetrator, but have not revealed a motive.

AI 84

AI Fraud Prevention Cybersecurity Phishing 84

PYMNTS

APRIL 11, 2019

The Senate’s Legal and Constitutional Affairs Committee released a report earlier this week on its analysis of dispute resolution in the banking industry as the nation continues to crack down on misconduct against small businesses in the industry. The proposals have been met with some resistance, however.

Disputes 60

Disputes Small Business Legal Rules 60

PYMNTS

MARCH 19, 2020

As part of the company’s continued response, Lee said, it has created a “cross-functional crisis team” that he leads. Lee also said the firm is in close contact with the CDC, as well as other government agencies, to make sure it has the most current information to inform the decisions that it is making. Darden Restaurants, Inc.

Addressing 63

Addressing Government Governance Business Continuity 63

The Payments Association

MAY 9, 2025

While lending remains a barrier, financial enablement, such as instant onboarding, merchant services, and access to global payments, is equally important for business continuity and growth. Government initiatives like the British Business Banks programmes and the Bank Referral Scheme aim to improve outcomes, but uptake is inconsistent.

Finance 88

Finance Cross-Border Payment APIs and Integration Real Time Payments 88

PYMNTS

MARCH 18, 2020

As the coronavirus continues to spread, the hospitality industry in the U.K. UKHospitality, which represents more than 700 businesses, has urged Prime Minister Boris Johnson to implement special actions due to the “acute” economic impact on the sector. This is catastrophic for business and jobs,” she said.

Government 52

Government Governance On-Demand Business Continuity 52

PYMNTS

JUNE 29, 2020

Thanks to invoices and other AP-related documents flowing in in a variety of formats, businesses continue to face barriers to being able to easily extract vital information, integrate it into the necessary systems and obtain valuable insights from that data. ” Reforming Data Flows.

Accounts 60

Accounts On-Demand Business Continuity Addressing 60

PYMNTS

JULY 12, 2020

While the Fed favored easy terms that would increase the risk of the government losing money, the Treasury preferred a more conservative approach and capped the losses at $75 billion, sources told WSJ. “I expect that we’ll continue to have to make compromises.”.

Fed 60

Fed Treasury Federal Reserve Compromise 60

Fintech Finance

FEBRUARY 20, 2025

The third edition of Mastercards SME Confidence Index reveals that small and medium-sized businesses (SMEs) in Egypt are embracing digital payments and data-driven solutions to support their growth, enhance operational efficiency and financial resilience.

Financial Inclusion 59

Financial Inclusion Digital Payments Visa Payments 59

PYMNTS

DECEMBER 13, 2019

As businesses continue their digitization migrations, there are more ways than ever to transmit electronic data. Not all are created equal, however, and a lack of standardization has created a new source of friction in B2B payments, limiting businesses’ ability to gain insight into cash inflows and outflows. AUD [$21.29

Government 52

Government Governance Payments B2B 52

Segpay

MAY 1, 2024

The Act aims to ensure digital services’ continuity, security, and stability, particularly in critical sectors such as finance, by addressing various operational risks, such as cyber threats, system failures, and operational disruptions. Protect Consumer Interests: DORA aims to protect consumer interests.

Cybersecurity 52

Cybersecurity Compliance Procedures Risk Management 52

PYMNTS

FEBRUARY 11, 2020

That being said, our sources indicate that out-of stocks at retail for replenishment product could start within 60-to-90 days if disruptions continue beyond the next few weeks, with more significant inventory issues in seasonal product possibly by midsummer if disruptions stretch longer,” the Wells Fargo report said.

SARS 75

SARS Product Returns Business Continuity 75

PYMNTS

APRIL 29, 2020

To provide immediate cash flow for small- to medium-sized businesses (SMBs), the American Institute of CPAs (AICPA) is asking for the Federal Reserve to make a short-term accounts receivable (AR) lending facility that is federally backed, according to an announcement.

Fed 57

Fed Federal Reserve Finance Treasury 57

Finovate

DECEMBER 12, 2023

Quantivate, which provides governance, risk, and compliance (GRC) solutions for banks and credit unions, was founded in 2005. Quantivate’s flagship offering is its Business Continuity Software. Financial terms of the deal were not disclosed.

Acquirers 52

Acquirers Credit Union Risk Management Compliance 52

Global Fintech & Digital Assets

DECEMBER 11, 2023

Covered financial institutions now face heightened expectations in relation to cybersecurity governance, risk assessment, and incident reporting. Requirements related to business continuity and disaster recovery have also been included for the first time.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

PYMNTS

FEBRUARY 27, 2020

Small businesses continue to embrace digital banking. At the same time, digital banks are looking to capitalize on their growing small and medium-sized business (SMB) customer base, with open banking and bank-FinTech collaborations an important part of that strategy.

Small Business 77

Small Business Third-Party Service Provider Privacy Financial Crimes 77

PYMNTS

JUNE 9, 2020

As states begin to reopen, small businesses continue to navigate the economic landscape rocked by COVID-19 and new government policies,” NFIB Chief Economist Bill Dunkelberg said in the release. percent on a wave of 2.5 million new jobs. “As

Small Business 53

Small Business Economy Returns Business Continuity 53

Center for Payments

SEPTEMBER 1, 2023

Increased awareness encourages individuals to adopt secure payment practices and empowers businesses to prioritize investments in robust payment infrastructure. Cybercriminals continuously devise new techniques to exploit vulnerabilities in payment systems, aiming to steal sensitive financial information or disrupt services.

Payment Security 40

Payment Security Security Cybersecurity Identity Theft 40

PYMNTS

DECEMBER 30, 2019

Small businesses continue to flock to online platforms to find much-needed financing, with banks still failing to fill the demand for small to medium-sized business (SMB) loans despite economic growth in the U.S. But recent reports in the Wall Street Journal Monday (Dec.

Federal Reserve 52

Federal Reserve Small Business Non-Bank PayPal 52

The Payments Association

OCTOBER 11, 2024

By acting now, firms can mitigate operational disruption, enhance their governance, and ensure they are better equipped to protect consumers in an increasingly complex payment landscape. Such a plan outlines the steps firms must take to protect consumer funds and maintain business continuity in the event of insolvency.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Lending Front

FEBRUARY 22, 2021

When storefronts and restaurants first closed in 2020, it wasn’t clear how long government-mandated lockdowns would last. Over a year later, many business owners are still holding their breath. . With vaccines rolling out, small businesses are finally on the road to recovery. In fact, new businesses continue to form.

Small Business 52

Small Business Credit Union Economy Procedures 52

PYMNTS

JANUARY 29, 2020

We had a good quarter and a strong end to the year as our community and business continue to grow,” said Mark Zuckerberg, Facebook founder and CEO. “We But Facebook’s announcement of its cryptocurrency coin Libra stoked alarm in other governments and agencies across the world. Net income increased 7 percent in Q4 — hitting $7.34

Cryptocurrency 56

Cryptocurrency Privacy Continuity Business Continuity 56

PYMNTS

APRIL 13, 2020

Plus, Karen Webster details Main Street small business continued worries. Just as many Main Street SMBs think they will fail or that their business is at risk after PPP funds became available as did the week before the plan became known — and so may not even get in line. Amazon Puts New Online Grocery Customers On Hold.

Non-Bank 60

Non-Bank PayPal Small Business Payments 60

Global Fintech & Digital Assets

MARCH 5, 2024

The guidance continues the momentum of digital asset regulation in Hong Kong, following a raft of other rules and consultations recently published by Hong Kong regulators. All of this recent guidance aims to deliver more certainty for banks and securities firms seeking to capitalise on developments in digital assets and tokenisation.

Authorization 59

Authorization Product Due Diligence Procedures 59

PYMNTS

JANUARY 12, 2017

As payroll joins the high-tech stratosphere populated by other business processes, corporations are beginning to shift their approaches to this area. And as payroll technology continues to evolve, corporates around the globe are struggling to keep up in varying markets faced with unique changes. Geographic Focuses.

Payroll 41

Payroll Rules Data Security Service Provider 41

PYMNTS

JUNE 25, 2018

.” According to reports, Power2SME was a market leader before demonetization, closing a $38 million Series E funding round just weeks before the government’s surprise announcement that Rs 500 and Rs 1,000 notes would go out of circulation. ” Power2SME had originally planned to go public in the 2019 fiscal year.

Small Business 40

Small Business Adjustments Government Governance 40

Evolve Payment

OCTOBER 27, 2023

Table of Contents In today’s digital era, businesses continually seek efficient ways to manage their finances, especially when it comes to credit card acceptance fees. Another pitfall is the requirements that the fee is below certain thresholds also set by these governing bodies.

Credit Cards 52

Credit Cards ACH Alternative Payment Methods Caps 52

Open Banking

OCTOBER 19, 2023

Adoption of open banking continues at pace, with over 1 in 9 (11%) British consumers becoming active users, up from around 7% in December 2021. Small businesses continue to lead the way in open banking adoption, with a record high of 17% active users. For the first time, enhanced data from Pay.UK and OBL closer together.

Small Business 52

Small Business Regulations Volume Consumer 52