regulations

Regulation is an abstract concept of management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context.

Source: en.wikipedia.org

Report: Paytm Denies Claims of Foreign Exchange Rule Violations
Report: Paytm Denies Claims of Foreign Exchange Rule Violations
February 05, 2024  |  Regulation

Paytm, one of India’s leading digital payments firms, is reportedly under investigation by India’s financial crime-fighting agency for potential violations of foreign exchange rules. The...

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Lawmakers Say FDIC Has ‘Moved Backwards on Innovation’
Lawmakers Say FDIC Has ‘Moved Backwards on Innovation’
February 02, 2024  |  Innovation

Three members of Congress have asked the Federal Deposit Insurance Corp. (FDIC) for information about how it will provide regulatory guidance for FinTech firms and other financial...

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Paytm Vows to Keep Digital Wallet Working Amid Regulatory Challenges
Paytm Vows to Keep Digital Wallet Working Amid Regulatory Challenges
February 02, 2024  |  Regulation

Paytm, an India-based digital payments firm, is facing uncertainty regarding its license as the Reserve Bank of India ordered it to stop accepting deposits after...

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Report: Paytm Bank Closure Was Result of Conflicts of Interest
Report: Paytm Bank Closure Was Result of Conflicts of Interest
February 01, 2024  |  Regulation

For Indian regulators, Paytm Payments Bank was apparently too close with its parent company. The Reserve Bank of India (RBI) this week announced it was suspending business at the...

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Regulator Closes Paytm’s Bank After ‘Persistent Noncompliances’
Regulator Closes Paytm’s Bank After ‘Persistent Noncompliances’
January 31, 2024  |  Regulation

India’s banking regulator ordered Paytm Payments Bank to stop conducting business. The Reserve Bank of India made the order Wednesday (Jan. 31), saying an audit...

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GenAI’s Role in Transforming Payments: Sovos Says Don’t Expect a Revolution
GenAI’s Role in Transforming Payments: Sovos Says Don’t Expect a Revolution
January 30, 2024  |  Artificial Intelligence

Eric Lefebvre, chief technology officer at Sovos, said generative artificial intelligence (AI) will transform the ways in which consumers and businesses interact with financial institutions...

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Amazon Jettisons Plans for $1.7 Billion iRobot Purchase 
Amazon Jettisons Plans for $1.7 Billion iRobot Purchase 
January 29, 2024  |  Acquisitions

Citing a tough regulatory environment, Amazon has called off its $1.7 billion purchase of iRobot. The tech giant announced Monday (Jan. 29) that its agreement...

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FTC Probes Big Tech and GenAI Partnerships’ Impact on Competition
FTC Probes Big Tech and GenAI Partnerships’ Impact on Competition
January 25, 2024  |  Artificial Intelligence

The Federal Trade Commission has begun an inquiry into investments and partnerships in the generative artificial intelligence sector. The regulator has ordered Google parent company Alphabet, Amazon, Anthropic, Microsoft and OpenAI to provide information...

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CFPB Proposes Banning NSF Fees on Declined Real-Time Payments
CFPB Proposes Banning NSF Fees on Declined Real-Time Payments
January 24, 2024  |  CFPB

The Consumer Financial Protection Bureau proposed a new rule to prevent banks and other financial institutions from charging non-sufficient funds fees on transactions declined in...

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