PayThink

Although most consumer-facing financial institutions now offer mobile applications, that doesn’t mean that they are ready for a world where smartphones are the primary point of contact with their customers, writes Rune Sorensen, a product manager at Nets.

A recent proposal to allow the government-sponsored enterprise to offer more credit in agricultural regions is deeply flawed.

Fragmented and manual AML processes pose a challenge to many institutions, contends Edmund Tribue, risk and regulatory practice leader for NTT.

As the payment industry continues to innovate and expand across borders, it increasingly will need to be mindful of data regulations requiring data localization that multiply the complexities and cost of creating a seamless data flow and user experience, Alston & Bird’s Richard Willis and Laura K. Song write.

Widespread hacks often make front-page news, while measuring the actual harms to customers when personal financial information is stolen gets little attention.

New York’s BitLicense regulation, which has resulted in only four license per year, is due for an informed revamping, argues Phil Berg, a lawyer at Otterbourg.

The freshman congresswoman will likely join the Financial Services Committee, where she could use her populist momentum to bring criticisms of the country's biggest banks even further into the mainstream.

Technology-driven systems aren’t enough to root out anti-money-laundering violations. Congress should consider creating a program that would encourage those with knowledge of illegal behavior to come forward.

Problems with the new accounting standard could be solved by modifying how reserves are calculated so that changes are more in line with industry growth.

U.S. companies have a leg up on international competition. Yet, many retailers are opting to focus on domestic customer bases, claims Steve Villegas, vice president of partner management at PPRO.