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How Singapore Is Fueling A ‘Smart Nation’

PYMNTS

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. As of 2014, the mobile phone penetration rate in Singapore was 148 percent. Startups are estimated to employ nearly 300,000 on the island nation. With an estimated population of just 5.47

National 133
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The 2014 GonzoBanker Awards

Gonzobanker

It’s time for the 2014 GonzoBanker Awards! The Third Annual Matt Taibbi Too Big to Jail Award – While the Wall Street megabanks again had a banner year of screwing their customers and the markets, the six banks that were fined $4.3 Last year, we gave Salesforce the Big Buzz award and it moved well beyond that in 2014.

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CFPB issues 2014 fair lending report

CFPB Monitor

The CFPB has issued a fair lending report covering its fair lending activities during 2014. The report states that in 2014, CFPB fair lending supervisory and public enforcement actions required institutions to provide approximately $224 million in remediation. In mortgage lending, the CFPB focused on underwriting and redlining. .”

Lending 60
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Startup Roundup: A Look At Local, National And Global Expansions

PYMNTS

As startups such as DadeSystems , FitPay and Jewel Paymentech expand across devices and functions, Tipalti , AvidXchange and Emailage announce new growth for their local, national and global footprints. Those that felt ready had invested in knowledge of local markets and tax codes, new tech and/or new vendors. Chargehound.

National 101
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Spotlight on lending: Commercial loan growth geographically

Abrigo

Nationally, the picture is a fine one. However, Q3 commercial lending is down from the beginning of 2014 (quarter ending 3/31/2014) by about $67 billion. The list identified a significant uptick in commercial and industrial lending in the South, as 7 of the 15 community banks included are located in the region.

Lending 186
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Asia Closes In On UK In Forex Market Dominance

PYMNTS

.’s share of the global currencies trading market dropped to 37.1 New data from the Bank for International Settlements (BIS) has also confirmed what analysts have been eyeing in recent months, too: Asia is rising to the top of the global FX trading market. now accounting for 21 percent of the sector. China Rises.

Marketing 100
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Emerging markets to be ‘powerhouses’ of payments evolution

NCR

The transformation of the global payments market continues to gather pace, with the emergence of a growing number of technologies offering consumers more choice than ever when it comes to choosing how they pay for goods and services. percent globally in 2014-15. percent globally in 2014-15.