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Democratizing FinTech Development Without Compromising Compliance

PYMNTS

.’s open banking framework have grown more diverse since its launch in 2018, the initial excitement behind the regulatory initiative was its opportunity to lower barriers to market entry for new FinTechs, and to augment competition in the financial services world. Biggest Hurdles. Biggest Hurdles. ” Proliferating Market.

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Credit Karma Wants to Be in Top 3 Among Tax Filing Companies

Bank Innovation

EXCLUSIVE – It’s Credit Karma’s second tax season as a tax prep/filing company, and already about 3 million people have started using Credit Karma Tax, according to Jagjit Chawla, general manager of Credit Karma Tax. That number is three times the 1 million filers in the company’s last tax season.

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Pulling Accountants Into The Corporate Payments Innovation Fold

PYMNTS

FinTech innovation has opened the floodgates for a stream of new platforms and products designed to help small businesses and corporates more efficiently manage money and make payments. Bridging the Payments Divide. That’s because initiating a transaction isn’t just about moving and analyzing data.

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YES BANK Taps Tax Return Data For SMB Loan Underwriting

PYMNTS

India’s YES BANK is tapping into tax data to expand small business (SMB) lending. Reports in MENAFN on Friday (April 13) said the company plans to offer loans to micro, small and medium-sized businesses based on their Goods and Services Tax (GST) returns. Singapore, Germany and Hong Kong.

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Top News In Payments: Innovators Make The Visible, Invisible; EU Leaders Plan Data Use, AI Laws

PYMNTS

Today in the payments news roundup, transformative innovations in payments and commerce are making the visible, invisible. Why Invisible Will Make 2020’s Payments Innovation Roar. Innovations influenced those choices by changing the path of purchase and payment for consumers. Incoming EU Leaders Plan New AI, Data Use Laws.

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Apple Pay And A Decade Of Innovation Top Payments News This Week

PYMNTS

We have deep, data-supported dives on Apple Pay, the outlooks for payments innovation in the 2020s, web sales taxes and Amazon’s holiday shopping season news. Ten Years Of Payments Innovation And Reinvention. Lights out for the FinTech charter idea ? NRF On The Case For Revising eCommerce Sales Tax Laws.

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Fifth Third Gets a Boost from M&A in Both Banks and Fintech

Bank Innovation

Fintech partnerships paid off for Fifth Third Bank this quarter. The sale of five million shares of common stock of Worldpay resulted in a $205 million pre-tax gain. The largest gains came from the bank’s ownership stake in the payment processing company Worldpay, formerly Vantiv. of […].

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