Compliance

Payment companies have lots of emerging regulations. Regtech can bring together different stakeholders to ease compliance.

Financial firms say the database is unreliable and would like to see it removed from public view. But the industry would also lose access to competitive insights that can be gleaned from the massive trove of consumer complaints.

The third conservatorship in as many business days, the $236 million CU is the latest to fall prey to taxi medallion loan problems.

The $201 million-asset CU has seen delinquencies rise from just $1.2 million at the end of 2015 to nearly $11 million at the end of March 2017.

A proposal on the agency’s overhead transfer rate would simplify how state- and federally chartered CUs pay for examinations by evenly splitting the costs of safety-and-soundness and insurance-related concerns.

Compliance, security and data analytics were the themes at this year’s New York FinTech Innovation Lab demo day.

Regulators cited "unsafe and unsound" practices at the credit union, which has assets of more than $76 million and turned a small profit in each of the last two years.

The message to banks is loud and clear: A vendor’s mistake is your mistake. You can outsource a function, but not the responsibility for mishaps.

While Morgan Stanley is high on the blockchain technology that underpins bitcoin, analysts at the investment bank are a bit more cautious when it comes to the surge in the price of the virtual currency.

IBM is set to announce new tools on Wednesday aimed at reducing the compliance burden of financial institutions and sifting through the mounds of data they collect by using Watson, its cognitive computer.