PYMNTS

JANUARY 14, 2021

The Clearing House's real-time payments offering, the RTP ® network, continues to gather steam with financial institutions (FIs), FinTechs and their business customers in this week's Payment Rail Innovation roundup. Pakistan Preps Instant Payment System. Wells River Savings Bank Joins The RTP Network.

Vermont 157

Vermont System Innovation Payments 157

PYMNTS

FEBRUARY 11, 2020

In a move that bolsters its financial technology presence in India, Uber has put an Uber Money team into place in Hyderabad. Uber Money in India would be reportedly based on Unified Payments Interface (UPI), the real-time payment system of the National Payments Corp. of India (NPCI).

San Francisco 186

San Francisco Fintech Analytics New York 186

PYMNTS

JUNE 29, 2020

Valdis Dombrovskis , the EU’s executive vice president of the European Commission for an Economy that Works for People, told attendees of the Digital Finance Outreach 2020 , a series of events for the 27-nation bloc on financial technology companies, that Europe must become the leader in crafting rules for digital finance.

cryptocurrency 221

cryptocurrency Regulation Bitcoin Maine 221

PYMNTS

APRIL 9, 2020

Below, PYMNTS looks at some of the other payments and financial technology companies that are either innovating on top of existing rails or looking to bypass those legacy networks altogether with entirely new solutions. Sila Raises Funding to Nix ACH. Billhop Eases B2B Card Acceptance. The company has rolled out its service in the U.K.

Fintech 209

Fintech Payments Oregon Cards 209

PYMNTS

APRIL 16, 2019

Among the most recent headlines, in Asia this past week, the Monetary Authority of Singapore (MAS) and the National Bank of Cambodia have signed a memorandum of understanding (MOU), that Business Times said will boost partnerships on FinTech and financial services innovation.

Fintech 211

Fintech San Francisco National Innovation 211

PYMNTS

NOVEMBER 14, 2017

s first new payment and clearing system in more than 40 years is up and running. was moved between accounts at two different banks (there was only one customer with two bank accounts) via RTP, the name for a new “Real-Time Payments” system set up by The Clearing House. The upgrade to the system also allows the U.S.

Payments 193

Payments Boston System New York 193

PYMNTS

JULY 1, 2019

The Bank for International Settlements ( BIS ) has announced the launch of a BIS Innovation Hub to enable central banks around the world to collaborate on financial technology solutions and innovation. There is a new economy emerging driven by changes in technology, demographics and the environment.

Innovation 155

Innovation Trends Technology America 155

PYMNTS

OCTOBER 30, 2019

The People’s Bank of China announced that it will certify 11 types of financial technology hardware and software used for digital payment and blockchain services. His comments even caused a price boost of bitcoin and blockchain stocks to the point that the Chinese state media advised people to stay levelheaded.

blockchain 101

blockchain Bitcoin Security Software 101

South State Correspondent

SEPTEMBER 20, 2023

As such, chief financial officers (CFOs) cited reducing overall business costs as the most critical strategic objective (49%). For these teams, access to technology emerged as a clear area of interest for achieving operational efficiency. Want More Information About Cash Management?

Management 195

Management Survey Industry Community Bank 195

PYMNTS

OCTOBER 16, 2019

The governor of the Bank of England said he doesn’t think new financial technologies (FinTechs) will cause central banks to be obsolete. The fact is that the financial system … is the most heavily regulated part of the economy. The Swiss National Bank is also looking into digital currencies.

Fintech 116

Fintech cryptocurrency Regulation System 116

PYMNTS

AUGUST 30, 2016

The small nation is making a big push in support of FinTech innovation by reforming its payment laws. Singapore’s financial authority said it will look to consolidate existing legislation related to payment systems, stored value facilities and remittance businesses in order to create a new combined regulatory framework.

Fintech 117

Fintech National Regulation Innovation 117

PYMNTS

SEPTEMBER 14, 2016

government seems to be accepting the positive impact that digital currencies and blockchain could have on legacy financial systems, according to Business Insider. House of Representatives, asking the government to establish a national policy for technology. A non-binding resolution was passed on Monday (Sept.

blockchain 100

blockchain US Regulation National 100

PYMNTS

FEBRUARY 25, 2019

A recent partnership in India aims to add further biometric security to the nation’s Aadhaar system. Identity Devices Sweden AB will provide a new biometric privacy platform (BPP) to Aadhaar, essentially adding a new layer of security to its online and offline authentication systems.

Wyoming 134

Wyoming Idaho Maryland Colorado 134

PYMNTS

SEPTEMBER 18, 2019

It also will discuss how to deal with potential problems and challenges that come from using digital financial technologies. Germany’s national central bank, the Bundesbank , is also in talks with officials in Berlin about the development of digital currency. The bar for regulatory approval will be high.”.

cryptocurrency 135

cryptocurrency blockchain Policies Groups 135

PYMNTS

AUGUST 30, 2016

The small nation is making a big push in support of FinTech innovation by reforming its payment laws. Singapore’s financial authority said it will look to consolidate exiting legislation related to payment systems, stored value facilities and remittance businesses in order to create a new combined regulatory framework.

Fintech 101

Fintech Cyber Security National Regulation 101

PYMNTS

NOVEMBER 21, 2019

Paris-based Ultra , which has created its own blockchain, announced that French video game giant Ubisoft will become the first major gaming system to test out payments on its blockchain for gamers. The population of the country sees these capital controls are put in place, and then they’re going to look for a way around it.

Bitcoin 130

Bitcoin blockchain Report Payments 130

PYMNTS

SEPTEMBER 14, 2016

Pivoting from concerns and risks around financial technology innovation in the banking system, the U.S. The agency regulates, supervises and charters national banks and is an independent bureau within the Treasury.

Lending 100

Lending Regulation Conference Study 100

PYMNTS

AUGUST 7, 2018

KPMG reports that investment in technology overall has touched a new high of as much as $8 billion in the second quarter of this year, and through the first half of the year, FinTech investments touched more than $14 billion from $12.2 national co-lead partner, venture capital practice. “At The way it will go? Nobody knows, not really.

Fintech 101

Fintech National Course Capital 101

Chris Skinner

MARCH 2, 2017

I was chairing a panel where Romana Kumar, Head of Global Transaction Banking for the National Bank of Abu Dhabi (NBAD), was discussing their trial of Ripple. The payments system works on sludge. Then they went to their corporate customers and said: “we’ve upgraded our payments systems and you’ll find it works faster and cheaper”.

Payments 150

Payments System Financial Technology Innovation 150

Perficient

JULY 11, 2022

Consumer advocate groups and regulators have also brought forth concerns about the ramifications of BNPL existing outside of the normal credit-reporting system. Fintech enthusiasts should also keep a close watch on Apple’s newly unveiled BNPL system, Apple Pay Later.

Fintech 474

Fintech Trends South Dakota Apple 474

Urs Bolt

OCTOBER 17, 2018

Fintech to facilitate inclusive financial system establishment in China, say experts. China could improve its regulatory technologies. For example, implemented in an appropriate way, Blockchain technologies could support the exchange of personal data for client onboarding incl. Salesperson. Smart Banking. Smart Economy.

System 28

System Fintech blockchain Innovation 28

PYMNTS

AUGUST 23, 2019

We’re proud to deepen our relationship with Phillips 66 and to leverage its powerful market presence, which has expanded nationally over the last few years,” said Jay Collins, Senior Vice President and General Manager of Small Business and Channel Partnerships at WEX in a press release.

United States 100

United States Cards Branding Payments 100

PYMNTS

AUGUST 3, 2018

Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves players with only those two stark choices, according to Bruce Parker, founder and CEO of Modo , which describes itself as a “cloud-based utility” that enables payment system interoperability. Re-examining Tradeoffs.

Fintech 115

Fintech United States Regulation Innovation 115

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. Changing AML with AI and ML.

Strategy 123

Strategy Innovation Fraud Security 123

PYMNTS

FEBRUARY 16, 2017

Analysts say easing startups’ access to venture capital follows efforts to ease companies’ access to innovative financial technologies. According to reports, the nation hosts 153 venture capital firms, citing data from Preqin, which have provided $3.5 “Nobody makes any money from these mid-term marks.

Regulation 183

Regulation Capital Fintech Innovation 183

PYMNTS

NOVEMBER 21, 2018

She continued, “Many national payment systems are benefitting from considerable innovation and change,” adding that cross-border payments “totaled 1.8 … They are at the center of the international finance system, enabling trade, investment and money transfers. times global GDP in 2016.

Payments 123

Payments Innovation National System 123

PYMNTS

APRIL 7, 2020

It’s all hands on deck as companies across industries take measures to aid the national and global response to the coronavirus pandemic. For Bottomline Technologies , the opportunity emerged with Friday’s launch of the $350 billion Paycheck Protection Program (PPP) under the CARES Act.

Fintech 166

Fintech Technology Operations Company 166

PYMNTS

OCTOBER 9, 2019

Typical sextortion scams claim to have installed malware on recipients’ systems and recorded their browsing history of adult websites and webcam footage. As the operator of the Swiss financial market infrastructure, we welcome the initiative of the SNB and the BIS to conduct more research into innovative financial technologies in Switzerland.

Bitcoin 116

Bitcoin San Francisco Taxes Compliance 116

PYMNTS

SEPTEMBER 30, 2016

banking industry a significant head-start in adopting new technologies, progress has been slowed through legislative and licensing hold-ups. The small nation made a push in support of FinTech innovation by reforming its payment laws. The report explained that regulatory issues in the U.S. “While Silicon Valley offers the U.S.

Fintech 100

Fintech Regional Policies System 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. Mobile, online and phone channels all have distinct fraud challenges and customer needs.

Compliance 123

Compliance Fraud Study Digital Banking 123

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.

Data 122

Data Report Los Angeles California 122

PYMNTS

JUNE 27, 2019

And while the continual drumbeat of announcements from various players looking to find new and inventive ways to apply distributed ledger technology to various parts of Brazil’s financial services industry has something of a tendency to stand out, digital payments and banking news in general has been coming quick and constant.

blockchain 147

blockchain Payments Regional America 147

CFPB Monitor

JULY 21, 2022

On July 13, 2022, the House of Representatives (the “House”) adopted an amendment to the 2023 National Defense Authorization Act (“NDAA”) offered by Maxine Waters (D. financial system adopt anti-money laundering procedures that can help detect and prevent the laundering of corrupt funds.”. The New Gatekeepers.

United States 78

United States Taxes Regulation Compliance 78

William Mills

APRIL 5, 2016

The Association for Financial Technology (AFT) held its 2016 Spring Summit Meeting in Orlando, Florida this year, and both Kelly Williams and I made the trip to learn more about what’s happening right now in the banking industry as well as what trends to expect in the future.

Millennials 40

Millennials Meeting Trends Florida 40

CFPB Monitor

JULY 13, 2016

While the CFPB has not yet held a public event devoted to FinTech or financial innovation, the Office of the Comptroller of the Currency (OCC) recently held a Forum On Supporting Financial Innovation in the Federal Banking System to discuss the agency’s approach to FinTech and other innovative products.

Innovation 60

Innovation Fintech Customer Experience Policies 60

PYMNTS

SEPTEMBER 22, 2020

The regulator of the nation’s banks has issued its first guidance on stablecoins , the cryptocurrency backed by traditional currency. . 21) clarified the authority for national banks and federal savings associations to hold reserves on behalf of customers who issue stablecoins. Allaire said this has been a long time coming.

cryptocurrency 345

cryptocurrency Regulation Financial Technology Meeting 345

Fintech Labs Insights

JULY 25, 2016

While many of you were busy catching Pikachu last week, you may have missed that Nasdaq, in collaboration with KBW, launched an index to track financial technology. Officially named KBW Nasdaq Financial Technology Index (KFTX) , the fund tracks 49 fintech companies, including 17 Finovate and FinDEVr alums. Fiserv (FISV).

Fintech 12

Fintech New York Guidelines Financial Technology 12