PYMNTS

JULY 11, 2017

The basis of innovation is not the desire to create something new or even the inspiration to do so. Innovation occurs where there is a problem and a person with the tools to solve it. Anyone can have a good idea,” Lowthers said; innovation is about what you do with it. PYMNTS: Where do you look for innovative ideas, and why?

Innovation 101

Innovation social media Security Leadership 101

PYMNTS

MARCH 16, 2017

We were surprised to see businesses actively selling into markets because they had a vehicle to receive payments there, and they were actively avoiding other markets because they didn’t know how to get paid there,” Moen said of Flywire’ s conversations with companies revealing their B2B payment pain points. Time For Change.

Marketing 109

Marketing Payments Compliance Innovation 109

PYMNTS

AUGUST 7, 2020

Growing numbers of FinTechs are also forcing banks to innovate or be left behind. They are definitely more agile. They’re definitely faster. And they have fewer rules and regulations to comply with, which keeps us on our toes.”. So, there’s definitely an opportunity and a threat at the same time.”.

Payments 301

Payments Fintech Innovation US 301

PYMNTS

APRIL 12, 2017

payments technology firm VocaLink has received approval from regulators, with the deal expected to close in the coming weeks. There’s no question that the global opportunity is there — of the world’s top 50 markets, ACH payments represent 50 percent of the transactions made by consumers, businesses and governments. In the U.S.

Regulation 102

Regulation Technology Payments Marketing 102

PYMNTS

SEPTEMBER 20, 2018

The financial services (FinServ) market is, by far, ahead of other industries when it comes to blockchain innovation and adoption, according to data released this year by PricewaterhouseCoopers (PwC). The market is expected to secure 30 percent of those efforts between 2021 and 2023; at present, the U.S.

blockchain 188

blockchain Innovation Tools Survey 188

Abrigo

MARCH 24, 2021

Anti-Money Laundering Act of 2020 BSA professionals should prepare for changes as new regulations and guidance from FinCEN unfold. Takeaway 2 While the AMLA is now law, regulations, guidance, and other information still needs to be written. These include conducting studies, writing regulations, and publishing guidance.

Regulation 195

Regulation Training Study Policies 195

PYMNTS

SEPTEMBER 20, 2018

Adobe announced it has entered into a definitive agreement to acquire software company Marketo for $4.75 With nearly 5,000 customers, Marketo combines planning, engagement and measurement capabilities into an integrated B2B marketing platform. In May, it entered into a definitive agreement to acquire Magento Commerce for $1.68

CA 143

CA Customer Experience Leadership Software 143

PYMNTS

OCTOBER 23, 2018

Open Banking regulations have gotten FinTech innovators’ brains churning over how to take advantage of the troves of data that traditional banks have typically kept locked away. With regulations like PSD2 and Open Banking emerging as ways to boost financial services competition, the bank-FinTech relationship has taken center stage.

Data 177

Data System Regulation Security 177

PYMNTS

SEPTEMBER 25, 2018

The report noted that there is no internationally agreed-upon definition of what that activity might be, but for the confines of the report, it includes “all credit activity facilitated by electronic [online] platforms that are not operated by commercial banks.” China was the largest market, yet volume has declined in recent periods.

Fintech 172

Fintech Lending United States Regulation 172

PYMNTS

DECEMBER 27, 2018

However, these roles are shifting from competitor to collaborator — and from battle for market share to shared revenues amid shared resources. Brought together, FIs and FinTech firms can help one another by working together to develop innovative products that can cement relationships with firms’ end customers, both corporate and individual.

Fintech 184

Fintech How To Regulation Payments 184

PYMNTS

JULY 27, 2020

That a market is massive and emerging as a target for digitization, does not necessary mean it will be an easy target to pursue — a lesson learned the hard way by Facebook in June when regulators hit the pause button on its adding payment capabilities to WhatsApp in Brazil. This is definitely happening.

Mobile 153

Mobile America Regulation Regional 153

PYMNTS

JUNE 18, 2019

The company wants to continue to innovate payments solutions using ID and digital money technology. By solving the infrastructure problem, Token enables them to focus on service innovation and delivery earlier than the competition.”. “The Older investors like EQT Ventures and Octopus Ventures also took part in the investment.

Leadership 161

Leadership Customer Experience Innovation Capital 161

PYMNTS

JANUARY 22, 2018

Expense management technology is now a saturated market, particularly for the small business space – which is notoriously difficult to serve, because they are too small for large, enterprise-grade solutions, but too large for consumer-specialized tools. “Some observers will define the market as $10 million in the top line to $1 billion.

Management 116

Management Compliance Taxes Marketing 116

PYMNTS

MAY 7, 2020

payments market is behind that of Europe, but U.S. This definitely would be extremely good and also extremely safe for U.S. Companies like Unibet must also be aware of changing regulations regarding online betting that can limit how fast and how far firms can innovate. Regulatory Hurdles Trip Up Disbursement Innovation.

Online 142

Online New Jersey Pennsylvania Regulation 142

PYMNTS

SEPTEMBER 20, 2018

Regulations are driving the trucking and logistics industry to adopt cutting-edge technologies. Research published last year from the International Factoring Association (IFA) pointed to the trucking and freight industry as the market that uses invoice factoring solutions more than any other.

Industry 158

Industry Tools Regulation Management 158

BankUnderground

AUGUST 31, 2022

While regulators cannot be sure what risks the next decade will feature, they can be sure that the set of issues will continuously evolve. ‘The place beyond the banks’: market-based finance and non-bank financial institutions. Alina Barnett, Sinem Hacioglu Hoke and Simon Lloyd.

Policies 88

Policies Marketing System Regulation 88

CFPB Monitor

NOVEMBER 11, 2019

On November 7, 2019, the George Mason University Antonin Scalia Law School hosted an event with Brian Johnson, the CFPB’s Deputy Director, to discuss the agency, its rulemaking process, innovation programs, and goals for the near future.

Meeting 60

Meeting Analysis Innovation Leadership 60

PYMNTS

SEPTEMBER 29, 2017

As banks look to pair with FinTechs to meet the treasury needs of their corporate customers, they’re also looking towards such innovators to integrate some of those same solutions in-house. Managing liquidity and credit risk are definitely of main concern to FIs. Staying Updated.

Fintech 141

Fintech Risk Management Compliance Management 141

PYMNTS

DECEMBER 6, 2017

And, much to the relief of corporates, the continuing focus on B2B payments innovation. We are definitely seeing more innovation in the cross-border B2B space in the last two years than we have ever before,” he recently told PYMNTS. “We The evolution of blockchain-based services. Collaboration between FinTechs and banks.

Payments 183

Payments blockchain Innovation Fintech 183

CFPB Monitor

FEBRUARY 22, 2016

The CFPB has issued a final policy statement on issuing “no-action” letters (NAL) for innovative financial products or services. The policy is part of “Project Catalyst,” the CFPB’s initiative launched in November 2012 for facilitating innovation in consumer-friendly financial products and services.

Policies 60

Policies Innovation Regulation Resources 60

PYMNTS

APRIL 10, 2020

v has yet to build out support for more innovative mobile disbursement methods, but it does have the technical capacity to do so. Payment] innovation is definitely one of those things that, when it is mentioned and brought up, everybody loves the idea,” Schmitt said.

Mobile 198

Mobile Technology social media Customer Experience 198

PYMNTS

APRIL 25, 2019

The phrase “what you see is what you get” is becoming particularly relevant to the growing homesharing market. This is especially true in areas like the European Union, where the General Data Protection Regulation ( GDPR ) is changing how customers and corporates approach data sharing. Security and the Homesharing Platform.

Security 100

Security Data Regulation Mobile 100

PYMNTS

AUGUST 24, 2019

These teams are looking to mobile apps to innovate payments in a way that will revitalize purchases and the game experience. Bundled sports broadcast packages, social media and high-definition televisions allow them to enjoy games from the comfort of their living rooms. Attendance at NFL games declined from approximately 17.8

Payments 161

Payments social media Mobile Seattle 161

PYMNTS

MAY 6, 2019

Some things are easy to identify as more or less mature at the moment, though, and there are definitely phases in development that can be identified. Yet, healthcare is also an intensely regulated space, which means there are many challenges in how to move, store and secure data that — by statute — must remain private.

Regulation 198

Regulation Data Examples New York 198

CFPB Monitor

SEPTEMBER 12, 2016

.” The program included an informative discussion of the history of Section 342 of the Dodd-Frank Act, examined its effect on the industry, and provided guidance on how regulated entities might best comply with the Joint Diversity Standards issued in June 2015.

Meeting 60

Meeting Regulation Massachusetts Boston 60

PYMNTS

APRIL 3, 2018

Abele told PYMNTS’ Karen Webster that the voice assistant market is nothing if not fluid, noting the shift in competitive dynamics that has shown Amazon’s market share shifting to 70 percent from 90 percent in its battle with Google, Apple and others. The firms oriented toward innovation are not necessarily the biggest ones.

Video 100

Video Millennials Innovation Marketing 100

Insights on Business

JUNE 28, 2018

The key difference with these topics, which both play into the open banking agenda, is that they enable banks to innovate with the systems they already have in place. Through this initiative, we are already seeing the start of more a more competitive, collaborative and innovative banking industry. When one door closes, many more open.

System 130

System Innovation Industry Technology 130

Insights on Business

SEPTEMBER 18, 2016

Setting the stage for open banking, PSD2 is meant to promote innovation, where new business models emerge and leaders are born. However, the transformation of payment and commerce services is a definitive step toward establishing an open banking infrastructure everywhere. Services to Offset PSD2 IT Infrastructure Costs.

Marketing 70

Marketing Payments Compliance Security 70

PYMNTS

OCTOBER 7, 2016

Stephen Ufford , founder and CEO of Trulioo , said businesses are focused on creating efficiencies in order to have room in their roadmap for the unknown, which also means they are consuming the tools available in the market today at a faster rate. ” Ufford asked. A New Regulatory Reality.

Compliance 197

Compliance System Industry Regulation 197

FICO

JANUARY 18, 2023

The third annual State of Responsible AI in Financial Services report released today, alerting the industry to come together and self-regulate its use of AI. More than ever, I believe this year’s report sounds the alarm bell for financial services firms, signaling that the industry must come together to self-regulate its use of AI.

Analytics 52

Analytics San Diego Regulation Compliance 52

CFPB Monitor

AUGUST 1, 2018

Congressmen Luetkemeyer and Tipton assert that the FAQ is inconsistent with the definition of “deposit broker” under 12 C.F.R. The FDIC has not yet responded.

FDIC 68

FDIC Regulation Innovation Resources 68

PYMNTS

OCTOBER 19, 2017

To gain insight into KTFCU’s strategy for addressing the needs of a small member base, PYMNTS recently spoke with David Underwood, treasurer and manager of KTFCU , who explained how the credit union balances innovation and maintaining an old-school reputation. ‘A Additionally, the competition in the local market is tight.

Innovation 108

Innovation Tennessee Resources Regulation 108

Insights on Business

JULY 20, 2017

I wasn’t particularly inspired by the Wikipedia definition , so I’ll give you mine. Regulations, such as Payment Services Directive (PSD2), are forcing banks to “open up”, enabling customers to easily share data with third parties. The digital markets maker. Examples of open banking in practice. The mobile payments hub.

Fintech 181

Fintech Mobile Examples Data 181

CFPB Monitor

AUGUST 21, 2018

In seeking to harness the potential benefits that can come from data aggregation, the Treasury report firmly supports the inclusion of these market participants. The Treasury suggests that federal banking regulators take action to resolve this ambiguity. Other financial regulators should support data aggregation. to 1 p.m.

Data 84

Data Report Regulation Security 84

PYMNTS

JANUARY 3, 2020

Driven by faster phones, ingenious apps and sheer market force, the move to instant is pushing the boundaries of what’s possible with payments, opening up new worlds of risk and reward. FinTechs led this charge and fueled much of the innovation. In just three years, one word, one idea, has rewritten the payments rulebook: “instant.”

Payments 151

Payments Fraud Fintech Security 151

PYMNTS

MAY 14, 2018

Those things take time, and while it may not be impossible in the long run, replacing the QR code for payments is not a practical go-to-market strategy for a new tech. Out-of-home advertising is a $35 billion market, Darbi said, and it may hold the greatest potential for BrightCodes’ particular technology.

Retail 103

Retail Mobile Marketing Strategies Payments 103

PYMNTS

JUNE 16, 2016

Instead, Nokia has been busy snatching up startups, like the French firm Withings, to help it pivot toward a critical new market: digital health. We’ve been developing [health] technology and solutions inside Nokia, experimenting both on the regulated and unregulated side of health, to see what we can bring to the market.

Mobile 100

Mobile Lending Technology Regulation 100