Articles with tag: occ

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inwi money launches international money transfer capability

News | Online Payments | 22 Sep 2020

inwi money has expanded its offering with the launch of an international money transfer service for its customers.

inwi money, international money transfer, WorldRemit, online money transfer, money wallet, digital payments Morocco

KB Kookmin Bank, Hashed partner for Bitcoin custody services

News | Cryptocurrencies | 11 Aug 2020

South Korea-based KB Kookmin Bank (KB) has partnered with blockchain venture fund Hashed and crypto exchange Cumberland Korea to offer Bitcoin custody services.

KB Kookmin Bank, Hashed, Bitcoin, custody services, Cumberland Korea, South Korea, blockchain, venture fund, crypto exchange, Office of the Comptroller of the Currency, OCC, banks, US, digital assets

Capital One to pay USD 80 mln fine over 2019 data breach

News | Digital Identity, Security & Online Fraud | 07 Aug 2020

Capital One Financial must pay an USD 80 million fine over issues related to a data breach in 2019 that exposed more than 106 million records of customers and credit card applicants.

Capital One Financial, data breach, fine, security, US, fraud prevention, OCC, banking, customer data

Etsy expands its payments services to seven new markets

News | Ecommerce | 06 Aug 2020

US-based ecommerce website Etsy has launched its payments platform in Israel, Malaysia, Mexico, Morocco, South Africa, Turkey, and the Philippines.

Etsy, ecommerce, launch, payments platform, Israel, Malaysia, Mexico, Morocco, South Africa, Turkey, Philippines, Etsy Payments, multiple payment options, payment methods, Apple Pay, Google Pay, PayPal, Etsy Gift Cards, credit card, Etsy Seller Protection Policy

OCC issues letter regarding banks' crypto custody services

News | Cryptocurrencies | 23 Jul 2020

US-based bank regulator OCC has posted a letter clarifying national banks’ and federal savings associations’ authority to provide cryptocurrency custody services for customers. 

Office of the Comptroller of the Currency, OCC, US, United States, national banks, federal savings associations, cryptocurrency, crypto, custody services, fintech, innovation, banking, digital assets, state banks

SoFi files application to become a national bank

News | E-invoicing, SCF & E-procurement | 10 Jul 2020

SoFi, an online lender, has filed an application for a national bank charter with the Office of the Comptroller of the Currency.

SoFi, banks, online lender, lender, Office of the Comptroller of the Currency, SoFi Bank National Association, OCC, Federal Deposit Insurance, Federal Reserve, fintechs, banking

Community Bank to acquire Steuben Trust

News | Payments General | 15 May 2020

US-based Community Bank System has received the required regulatory approvals to complete the proposed acquisition of Steuben Trust Corporation.

Community Bank, Steuben Trust, Steuben Trust Corporation, banks, Office of the Comptroller of the Currency, OCC, Federal Reserve Bank of New York, FRBNY

Morocco's Central Bank asks banks to freeze distributing dividends

News | Payments General | 13 May 2020

Bank Al Maghrib, Morocco’s Central Bank, has asked banks not to pay 2019 dividends to shareholders.

Morocco, banks, Bank Al Maghrib, Morocco’s Central Bank, coronavirus, COVID-19, loan, payments

Orange reveals Orange Money in Morocco; sets a mobile-money position in Africa, the Middle East

News | Mobile Payments | 11 Mar 2020

Orange Morocco has announced the launch of Orange Money in the kingdom, allowing users to make mobile payments and transfer money using their phones. 

Orange, launch, Orange Money, Morocco, mobile money, Africa, Middle East, mobile payments, wallet, financial transactions

NICE Actimize updates its risk management capabilities; supports OCC guidelines

News | Digital Identity, Security & Online Fraud | 02 Mar 2020

NICE Actimize has revealed it updated its fraud solutions portfolio including its Fraud Essentials, a cloud-based fraud solution. 

NICE Actimize, fraud, OCC, risk management, financial crime, fraud, financial institutions, AML, behavioural analytics, transactions, fraud detection, transactions

US fintech Varo receives regulatory approval for bank charter

News | Online & Mobile Banking | 12 Feb 2020

US-based fintech Varo has announced that the Federal Deposit Insurance Corp. has approved its application for deposit insurance.

Vero, digital bank, Office of the Comptroller of the Currency, OCC, US, North America, United States, banking licence, fintech, financial technology

Idemia to supply biometric ID cards to Morocco for online services and transactions

News | Cards | 02 Dec 2019

Idemia has announced it will supply the new biometric national ID smartcard for Morocco.

Idemia, biometrics, ID cards, Morocco, online services, transactions, e-IDs, service providers, authentication, government

inwi launches mobile money service powered by Comviva

News | Payments General | 25 Sep 2019

inwi, a Morocco-based telecom operator, has launched its mobile money service, inwi money, in partnership with Comviva’s mobiquity Money.

inwi, Morocco, mobile money, Comviva, mobile payments, merchant

Moroccos moment - the realm of new ecommerce opportunities

Voice of the Industry | Ecommerce | 25 Sep 2019

Michel Golffed, dLocal: "As Morocco begins to modernise its payments landscape, an opportunity exists for first movers who are able to build trust in the country."

Morocco, dLocal, ecommerce, Africa, marketplace, Jumia, payments, retail, emergent market, bank, bank account, digital wallet, credit card, debit card, Visa, Mastercard, fraud prevention, financial inclusion

Inwi launches mobile payments services in Morocco

News | Payments General | 06 Sep 2019

Inwi, a Morocco-based telecom operator, has launched mobile payment services to its subscribers in the country. 

Inwi, mobile payments, telecom, Morocco

Wirecard, Royal Air Maroc to integrate digital payments globally

News | Online Payments | 23 Jul 2019

Wirecard has announced that it is handling payments for online and travel agency bookings for Royal Air Maroc, Morocco’s national airline.

Wirecard, Royal Air Maroc, digital payments, Visa, Mastercard, Morocco

BMCE Bank of Africa partners with Temenos

News | Payments General | 04 Jun 2019

BMCE Bank of Africa has implemented Temenos’ T24 Transact core platform and Financial Crime Mitigation software on the cloud to support a new operation in China for corporate banking and trade finance.

BMCE Bank of Africa, Temenos, financial crime, core banking, trade finance, corporate banking, Africa, Asia Pacific, China, Morocco

MUFG Bank enters into Consent Order with the OCC

News | Digital Identity, Security & Online Fraud | 25 Feb 2019

MUFG Bank has entered into a Consent Order with the US-based Office of the Comptroller of the Currency (OCC) relating some deficiencies identified by the OCC.

MUFG Bank, consent order, the OCC, US, BSA, AML, banks, compliance, OFAC, regulations, monetary penalty

USAA Bank scrutinized by US comptroller over risk management practices

News | Digital Identity, Security & Online Fraud | 20 Feb 2019

The Office of the Comptroller of the Currency (OCC) has inspected USAA Federal Savings Bank, after the government agency found issues with how the subsidiary manages risk.

risk management, compliance, audit, security, OCC, US, banking, USAA

WaystoCap startup expands into local sales, opens offices in West Africa

News | Ecommerce | 19 Dec 2018

Morocco-based cross-border B2B ecommerce marketplace WaystoCap has expanded into logistics and local sales, and has opened two offices in West Africa.

WaystoCap, Morocco, cross-border, B2B, ecommerce, marketplace, Africa, startup