bank regulation

OCC Beefs Up Banking Oversight
OCC Beefs Up Banking Oversight
July 31, 2019  |  Bank Regulation

The Office of the Comptroller of the Currency (OCC) has announced that it’s going to realign about 150 staff members in two new units, the...

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China Bets On SMB Lending To Ramp Up Bank Competition
China Bets On SMB Lending To Ramp Up Bank Competition
July 31, 2019  |  B2B Payments

China’s banking regulation is in-flux. As watchdogs ramp up oversight of financial institutions and FinTechs, late last year the China Banking and Insurance Regulatory Commission...

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UK Businesses Accelerate Bank Switching
UK Businesses Accelerate Bank Switching
July 26, 2019  |  B2B Payments

Small businesses in the U.K. accelerated their bank-switching in the second quarter of 2019, with twice as many small and medium-size businesses (SMBs) taking advantage...

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China’s Bank Watchdog Goes After Supply Chain Finance Fraud
China’s Bank Watchdog Goes After Supply Chain Finance Fraud
July 23, 2019  |  B2B Payments

China’s banking regulator is introducing stricter requirements on banks and insurance institutions that provide supply chain financial solutions in an effort to curb fraud, according...

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Why ING Is Taking A Platform Approach To PSD2 And Open Banking
Why ING Is Taking A Platform Approach To PSD2 And Open Banking
July 18, 2019  |  Regulation

As the second Payment Services Directive (PSD2) brings more third parties into the European financial world, banks are seeing a shift in their relationships with...

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How PSD2 Is Changing ING Bank’s API Strategy
How PSD2 Is Changing ING Bank’s API Strategy
July 16, 2019  |  Regulation

Banks and merchants are racing to meet the Strong Customer Authentication (SCA) deadline as September 2019 approaches. Banks are innovating their application programming interface (API) ...

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Law Curbs IRS’s Power To Raid SMB Bank Accounts
Law Curbs IRS’s Power To Raid SMB Bank Accounts
July 11, 2019  |  B2B Payments

The Internal Revenue Service will have less power to raid small business bank accounts as the result of new legislation signed into law by President...

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Irish Central Bank Fines Wells Fargo 5.9M Euros
Irish Central Bank Fines Wells Fargo 5.9M Euros
July 05, 2019  |  Banking

Ireland’s central bank has fined Wells Fargo 5.9 million euros, according to a report by Reuters. The fine is the second biggest ever issued by...

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Oracle Launches AML Tool For Small Banks
Oracle Launches AML Tool For Small Banks
June 26, 2019  |  B2B Payments

Oracle is broadening availability of its Oracle Financial Services Anti-Money Laundering solution for smaller banks, the company said Tuesday (June 25). Oracle Financial Solutions announced...

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