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How PSD2 Will Change Lending

PYMNTS

While these regulations are aimed at increasing consumer trust by allowing them more transparency, many consumers in the region are still adjusting. The card network has partnered with Open Banking service Konsentus to add an identity and regulatory checking service to its roster of Open Banking tools and technologies.

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Payroll Cards Find Opportunity In Corporates’ Digitization Push

PYMNTS

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. Boost Bolsters BMO Harris Bank’s Biz Cards. Global Cash Card’s Legal Saga Ends. ” Mastercard, EedenBull Expand Into APAC.

Cards 208
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Regions to ‘Refresh’ Digital Offerings as Avant Comes Online

Bank Innovation

Regions Financial Corp. The Regions-Avant partnership was announced last April. is using its upcoming Avant deployment as an opportunity to “refresh” its digital offerings. “[W]e’re in the process even Read More.

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Australia Rises In Global Alt-Lending Ranks

PYMNTS

Australia is now the Asia Pacific region’s second-largest alternative finance market, largely due to a favorable regulatory climate, according to new KPMG analysis. The Australian market is quickly becoming a hotbed of alternative lending , and new analysis from KPMG suggests it has risen up in the ranks.

Lending 100
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Today In Data: Holiday Weekend Sales And SMB Lending

PYMNTS

3 billion | Amount that Amazon Lending has lent to SMBs since the program’s launch in 2011, with borrowers primarily from the U.S., 60 percent | Portion of Singapore’s national spend done through payment cards. As an added fun fact, the average Singaporean citizen has between two and six payment cards in his or her wallet.

Lending 100
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CFPB considering changes to semi-annual credit card survey

CFPB Monitor

The CFPB is seeking comments on changes to its semi-annual Terms of Credit Card Plans (TCCP) Survey. Amendments to the Truth in Lending Act made in 1988 by the Fair Credit and Charge Card Disclosure Act require the CFPB to conduct the TCCP Survey. Requiring the largest issuers to submit information about more credit cards.

Survey 78
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Hong Kong Relaxes Rules In Effort To Boost FinTech Lending

PYMNTS

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms.

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