PYMNTS

JULY 26, 2020

The announcement by the Consumer Financial Protection Bureau ( CFPB ) comes on the heels of a symposium it held in February which included experts from consumer groups, financial technology (FinTech) companies, trade groups, banks and data aggregators. Congress created the legislation in 2010 that created the CFPB.

Data 173

Data Google Fintech Groups 173

PYMNTS

OCTOBER 2, 2019

If there is no Tether, we lose a massive amount of daily volume — around $1 billion or more depending on the data source,” Lex Sokolin, global financial technology co-head at ConsenSys, said, according to Bloomberg. Companies that offer or sell securities to U.S. A number of U.S.

Bitcoin 141

Bitcoin San Diego cryptocurrency Security 141

PYMNTS

DECEMBER 5, 2019

This partnership will help millions of Chase customers better manage their spending, budgeting, savings and investments by allowing them to connect to and send their financial information to the more than 1,200 third-party applications on the Envestnet | Yodlee platform. consumer and community banking business of JPMorgan Chase.

Data 132

Data United States Community Bank Fintech 132

PYMNTS

APRIL 1, 2020

Customers today expect to be able to access financial services instantly, which can put pressure on CUs that need to stretch restricted technology budgets into innovative new features. CUs are also employing technologies for security and for consumer satisfaction. How USSFCU Secures Its Digital Infrastructure Makeover.

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United States Innovation Online Tools 181

PYMNTS

JUNE 20, 2016

The week is getting off on just the right foot for the folks over at Plaid Technologies, who are announcing $44 million in new funding. Or, said more simply, Plaid provides an API layer that sits between banks and FinTech innovators who want to access bank account information for what they are doing and makes the connection possible.

Technology 101

Technology San Francisco Fintech Financial Technology 101

PYMNTS

OCTOBER 11, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies to launder approximately $2 trillion annually. AML Strategies and Innovation Quirks.

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Strategy Innovation Fraud Security 123

PYMNTS

JUNE 26, 2020

Dombrovskis told the Times he will ask the 27-nation bloc’s markets supervisor to evaluate BaFin’s handling of the one-time rising star German financial technology company. “We

Regulation 152

Regulation Capital Policies Course 152

Bobsguide

MAY 25, 2022

London — May 16, 2022 — Mindtree , a global technology services and digital transformation company, and Finastra , a leading financial technology provider, today announced a partnership to bring Finastra’s Fusion Payments To Go payments technology to banks in the Nordics, the UK and Ireland, as a managed service.

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Management Payments Innovation Technology 113

PYMNTS

JULY 10, 2020

Speaking with PYMNTS, Muller highlighted the opportunity that the cannabis space has to adopt payments and other financial technologies that have leapfrogged over legacy solutions. Muller explained that the technology augments existing rails like eCheck and ACH to enhance data capture and transmission to complete a transaction.

Innovation 210

Innovation Payments Tools Compliance 210

CFPB Monitor

AUGUST 31, 2021

The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide). Financial condition and competitive market environment and client base. Legal and regulatory compliance.

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Community Bank Community Fintech Company 78

PYMNTS

FEBRUARY 25, 2019

As fraudsters get more brazen and inventive in the digital information ecosystem, many companies are realizing they can’t thwart these bad actors on their own, and must instead turn to new partnerships in their fight against fraud. A recent partnership in India aims to add further biometric security to the nation’s Aadhaar system.

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Wyoming Idaho Maryland Colorado 134

PYMNTS

JUNE 1, 2020

In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, banking and financial technology discussed one sure bet: “Digital optional” is no option as we move toward contactless commerce. Looking At Digital IDs — And Friction.

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Payments Fraud Security Technology 172

PYMNTS

SEPTEMBER 24, 2019

financial system have had some information about themselves … compromised at some point.”. Blanco said vigilance is important for everyone and that his organization will work to secure regulatory gaps that allow for illicit activities to take place. .

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Fraud Cards Fintech Compliance 178

PYMNTS

JANUARY 7, 2019

Amid that growth, many of those lenders stated they have been using alternative data in tandem with what might be termed “traditional” information as they make credit decisions. The news outlet quoted SEBI Chairman Ajay Tyagi late last month that blockchain may pose challenges for exchanges and financial firms.

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Lending Fintech Data Wyoming 150

PYMNTS

SEPTEMBER 24, 2019

“Now, helping make SWIFT Cloud Connect real, we are pleased to collaborate with Microsoft to leverage their cloud expertise and advance the frontiers of financial technology, offering a new level of service for SWIFT participants.”. Using a cloud-based solution will boost transaction speed, consistency and security.

Payments 119

Payments New York Security Operations 119

PYMNTS

JULY 15, 2020

The European Securities and Markets Authority (ESMA), the European Union’s (EU) financial watchdog, plans to examine how German regulators handled oversight of Wirecard AG , the collapsed payments company that is facing a series of criminal allegations. ESMA said they will conclude the inquiry by the end of October.

Regulation 141

Regulation Guidelines Groups Report 141

PYMNTS

JULY 30, 2020

The Salt Lake City payment processing platform has joined with Plaid, a Visa subsidiary based in San Francisco, that builds financial technology platforms to connect bank accounts and initiate automated clearing house (ACH) transfers. Plaid is connected to more than 11,000 financial institutions.

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San Francisco User Experience Cards Customer Experience 159

PYMNTS

DECEMBER 4, 2019

The internet has made it possible to communicate and transfer information,” Tao told Reuters in an interview. “So This is the latest hire for Gemini, which has brought on executives from the New York Stock Exchange (NYSE) and International Securities Exchange (ISE) over the past 18 months. These things will just take time.”.

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Bitcoin blockchain New York cryptocurrency 131

CFPB Monitor

MARCH 8, 2019

The proposed changes are informed by the FTC’s enforcement experience and are intended to keep pace with technological developments. The Safeguards Rule requires financial institutions to have a comprehensive information security program.

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Cyber Security Guidelines Security Compliance 68

PYMNTS

SEPTEMBER 26, 2018

“Just as HTTPS, SMTP and SIP enabled free borderless information sharing and communications, crypto assets and blockchain technology will enable us to exchange value and transact with one another in a similar way: instantly, globally, securely and at low cost.”

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blockchain Compliance US Financial Technology 180

Chris Skinner

MAY 12, 2017

Chris has been voted one of the most influential people in banking by The Financial Brand. He is also one of the Top 5 most influential people on BankInfoSecurity’s list of information security leaders, as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal.

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Regulation Capital Fintech Innovation 255

Insights on Business

JUNE 18, 2018

Some important financial technologies are changing the way the world is doing business and that change is now reaching the securities industry. At the SIFMA Fintech Conference this week these powerful technologies will be on display in the Big Apple. IBM keynote.

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Conference Fintech blockchain Compliance 70

PYMNTS

JANUARY 7, 2021

Creation of the new unit would be part of a much larger overhaul of the financial technology company and subject to approval by Chinese authorities, who pulled the plug on the company’s massive initial public offering late last year, according to Bloomberg. China TransInfo Technology Corp. and Contemporary Amperex Technology Co.

Groups 141

Groups Regulation Lending Operations 141

PYMNTS

NOVEMBER 15, 2017

Blackhawk Network , a global financial technology company, announced that it has expanded its partnership with eBay to provide the online marketplace with end-to-end business-to-business (B2B) gift card services. business at Blackhawk. “We

Cards 109

Cards Financial Technology Management Technology 109

PYMNTS

MAY 24, 2019

The Financial Crimes Enforcement Network ( FinCEN ) is launching an initiative called the FinCEN Innovation Hours Program, as a call to private sector companies that have developed tech to fight money laundering and terrorist financing, the organization said in a release. The meetings will usually be held on the second Thursday of the month.

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Innovation US Metro Washington 124

PYMNTS

NOVEMBER 3, 2020

3), stock exchanges in Shanghai and Hong Kong have suspended the looming IPO (initial public offering) in Ant Group, citing regulatory changes in the financial services landscape — and summoning executives including controller Jack Ma to meet with Chinese regulators at the China Securities Regulatory Commission.

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Lending Meeting Groups Regulation 199

PYMNTS

SEPTEMBER 14, 2016

House of Representatives, asking the government to establish a national policy for technology. The resolution implies that bitcoin and blockchain technology are ways to help the unbanked and empower the consumer. According to the resolution, digital currencies increase transparency and provide more secure payment authentication.

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blockchain US Regulation National 100

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet.

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Fintech Community Regional Technology 194

PYMNTS

FEBRUARY 3, 2017

As Gartner predicts, there will be nearly 21 billion connected devices by 2020, and the amount of information developed on any given day is boundless. For government institutions, perhaps the answer lies in the ability to share information in a secure fashion between individuals and institutions.

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blockchain Technology Study Policies 100

PYMNTS

OCTOBER 16, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies. According to a KPMG study , 63 percent of financial institutions use transaction monitoring based on rules and machine learning.

Compliance 123

Compliance Fraud Study Digital Banking 123

CFPB Monitor

JUNE 5, 2019

Earlier this year, Wyoming became the second state to create a financial technology (fintech) sandbox by enacting the “ Financial Technology Sandbox Act ” (Sandbox Act). Arizona was the first state to create a fintech sandbox and we will soon be publishing a blog post about Utah’s new fintech sandbox.)

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Wyoming Fintech Arizona Financial Technology 60

PYMNTS

APRIL 7, 2020

For Bottomline Technologies , the opportunity emerged with Friday’s launch of the $350 billion Paycheck Protection Program (PPP) under the CARES Act. For banks and SMBs that may have traditionally relied on physical branches to process these applications, a secure online platform can be instrumental.

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Fintech Technology Operations Company 166

PYMNTS

AUGUST 27, 2019

percent, it was only the seventh-most important priority among CUs, which are instead focusing on open banking options that offer anti-money laundering (AML), data security and instant payments technology. digital transformations reshaping CUs’ role in the financial space, and how open banking could change how CUs do business.

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Data Report Los Angeles California 122

CFPB Monitor

JULY 17, 2019

As readers of our blog know, our consumer financial services group has been at the forefront of legal developments involving new technologies. Our Banking and Financial Services and Retail industry groups add further depth and specialized knowledge.

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Fintech United States cryptocurrency Groups 60

PYMNTS

JULY 19, 2018

American Express has filed for a blockchain-based proof of payment technology, and Santander U.K. Traditional banks and other financial institutions are undergoing tremendous pressure right now to compete in an environment where they are faced with enormous scrutiny from government regulators looking to mitigate risk.

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Fintech blockchain Technology Examples 117

Insights on Business

MARCH 12, 2018

Ludwig also expects new regulatory interest in the vast expanse of emerging financial technologies and services. In both cases, AI takes enormous amounts of information and permits better informed, data-driven decisions, ultimately allowing a regulatory ecosystem to operate more efficiently and effectively.

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Groups blockchain cryptocurrency Regulation 79

PYMNTS

DECEMBER 12, 2018

That product is Plaid — a tech platform that uses application program interfaces (APIs) to securely connect a consumer’s bank account to a third-party that wishes to use the account to enable a financial services transaction. We are in inning one of a transformation.

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Fintech Capital Financial Technology Innovation 149