Bank Innovation

APRIL 16, 2020

EST, Bank Innovation will host a Zoom meeting for subscribers titled “Regulators’ and Financial Institutions’ Pandemic Responses: What Do We Know, What Can We Know, and When Can We Know It?” On Tuesday at 12 p.m.

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Meeting Regulation Innovation Fintech 273

Bank Innovation

APRIL 24, 2017

Fintech has another cousin. The rise of insurtech is running parallel to the rise of regtech, as financial firms and startups apply artificial intelligence, blockchain, and other technologies to the dizzying world of financial regulation.

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Regulation blockchain Fintech Technology 255

Abrigo

DECEMBER 17, 2021

Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . Takeaway 2 When evaluating a fintech partnership, ask how the vendor will help with integration, training, and ongoing success.

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Fintech How To Innovation System 195

PYMNTS

DECEMBER 20, 2020

Chinese officials may limit the number of financial institutions to which any single FinTech platform may connect, Reuters reported, citing coverage by state media. Jiwei was speaking at a wealth management conference.

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Fintech Groups Conference Regulation 256

PYMNTS

JANUARY 18, 2018

Regulation has undoubtedly acted as a catalyst to major financial services trends in areas like small business (SMB) lending, faster payments and, most recently, open banking and collaboration with FinTechs. According to the results, banks argue that innovation, not just regulation, is behind the wheel of progress. Optimism Up.

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Regulation Innovation Fintech Marketing 156

PYMNTS

MARCH 20, 2018

Regulators from around the world are teaming up to create a blueprint for a global FinTech “sandbox.”. Later this week we start work with interested regulators, including colleagues across Europe, the U.S. The law would enable the FinTech sector to grow through crowdfunding and common blockchain technology standards. “An

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Regulation Fintech Regional Guidelines 130

PYMNTS

JANUARY 15, 2021

After having its $37 billion dual IPO pulled by Beijing, Jack Ma’s Ant Group is working fast to overhaul operations to comply with government regulations, The Wall Street Journal reported on Friday (Jan. Chinese financial regulators called Ma and his leadership team to answer questions on the eve of the company’s stock market debut.

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Regulation Groups Operations Lending 158

Bank Innovation

MARCH 17, 2016

Financial regulations in Europe can fill a library, if there was an audience for it. But I cant foresee any aficionados, so it… Read more Cracking silos between insurers and asset managers: a Fintech solution. Wilkommen y benvenuto.

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Management Fintech Regulation Capital 150

PYMNTS

DECEMBER 5, 2017

Data management is becoming an increasingly pressing concern for most financial institutions, as bank regulations continue to shift around the globe, according to new research. In its survey, Wolters Kluwer found that approximately 90 percent of banks say they have major concerns about data management. Regulatory Headaches.

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Regulation Management Data Survey 100

Bobsguide

MAY 30, 2022

To better help asset managers of European funds be prepared for the upcoming compliance requirements and regulatory disclosure obligations under the Sustainable Finance Disclosure Regulation (SFDR), global Fintech leader Broadridge Financial Solutions has launched a new Environmental, Social and Governance (ESG) reporting solution.

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Management Report Regulation Data 147

PYMNTS

JANUARY 21, 2021

In an interview with PYMNTS, Avi Cohen , co-founder and CEO of FinTech company The Floor , said boosting digital offerings and bringing new ones to market demands quick decision making as banks seek to improve user experience and user engagement. Now, he said, “innovation needs to also be incorporated internally.

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Management User Experience Innovation Fintech 303

CFPB Monitor

SEPTEMBER 8, 2022

Since the beginning of Michael Hsu’s tenure as Acting Comptroller of the Currency, bank/fintech partnerships have been a focus of OCC concern. Mr. Hsu also raised concerns about unknown risks or “nasty surprises” arising out of bank-fintech arrangements.

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Fintech Risk Management Conference Lending 146

PYMNTS

FEBRUARY 16, 2017

According to Bloomberg , the Monetary Authority of Singapore published a new consultation paper that revealed new and existing venture capitalists will no longer be subject to the same rules that apply to fund managers overall, including capital requirements and business conduct regulations.

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Regulation Capital Fintech Innovation 183

Gonzobanker

NOVEMBER 22, 2022

Well, Gonzobankers, the smart, idealist and self-declared revolutionary crypto kids just bought themselves a future of regulation — intricate, overbearing, and frustrating regulation, and regulation that the market will now demand. Welcome to adulthood, y’all. Wonderful” O’ Leary, and of course Tom and Gisele. What’s Next?

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Regulation blockchain Marketing Strategy 174

PYMNTS

DECEMBER 15, 2020

IBM has acquired Montreal-based FinTech Expertus Technologies , according to a press release , in a bid to boost its hybrid cloud and artificial intelligence (AI) tech as well as its digital payment strategies.

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Fintech Meeting Technology Payments 224

Perficient

DECEMBER 27, 2023

Navigating AML and OFAC Compliance Risks Regarding anti-money laundering (AML) and Office of Foreign Assets Control (OFAC) compliance risks, bank executives must navigate operational and compliance challenges tied to fintech relationships. Manage third-party risks, especially for relationships involving higher-risk or critical activities.

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Compliance FDIC Regulation Fraud 221

PYMNTS

OCTOBER 8, 2020

Also seen in this week’s roundup of the latest in Bank-FinTech innovations was Alacriti teaming with The Clearing House on real-time payments (RTP), while Singapore Banking-as-a-Service (BaaS) startup RootAnt concluded a seed round with $1.46 In addition, Monese adopted Thought Machine’s cloud banking platform. Europe and South Africa.

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Innovation Technology Fintech Payments 301

PYMNTS

APRIL 16, 2019

Cross-border FinTech efforts have seen increasing participation from central banks and monetary authorities. The MOU dictates that the banks will train FinTech startups with an eye on cross-border transactions. The Fed And FinTech Firms. Separately, in India, API infrastructure firm Setu said last week that it had raised $3.5

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Fintech San Francisco National Innovation 211

PYMNTS

OCTOBER 6, 2020

Singapore-based FinTech platform Nium is expanding into the Middle East, the company announced on Monday (Oct. Ayoub Jemail has been assigned the role of general manager of business development for the region, the company stated in the announcement on its website.

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Fintech Regional Fraud Meeting 174

PYMNTS

DECEMBER 16, 2020

The havoc the pandemic has wreaked on the global economy continues to have trickle-down impacts on an array of industries, not least of all the housing and property management space. According to Pay Ready CEO and Founder Lynn Musil , the current climate is not a rosy one for property managers. A Sudden Shift.

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Management Strategy Payments Fintech 181

PYMNTS

SEPTEMBER 10, 2019

Businesses that fail to comply with anti-money laundering (AML) and know your customer (KYC) regulations risk major regulator fines and irreparable damage to customer relationships when something goes wrong. Deep Dive: How FinTechs, FIs Can Arm Up Against Fraud. Not all solutions are easy to adopt, however.

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Security Fintech Fraud Compliance 185

Independent Banker

JANUARY 31, 2022

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. of bankers are either strongly interested in or already working with fintechs in digital account opening. The benefits of fintechs. By Elizabeth Judd. Quick Stat.

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Community Bank Community Fintech Risk Management 159

PYMNTS

JUNE 25, 2020

In today’s top news, Wirecard files for insolvency, and New York proposes easing regulations for cryptocurrency licenses. New York To Ease Cryptocurrency Regulations. For the launch, Samsung is linking up with Mastercard and FinTech Curve. Plus, California seeks a court order to make Uber and Lyft classify drivers as employees.

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New York cryptocurrency Regulation Samsung 248

PYMNTS

FEBRUARY 10, 2020

London FinTech startup DAG Global is going after the first merchant bank license in the U.K. Businesses managing cryptocurrencies have had a tough time maintaining relationships with legacy banks because of the perception that bitcoin-type transactions are connected to criminal behavior.

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Fintech cryptocurrency Bitcoin Regulation 205

Banking Exchange

MAY 19, 2021

Corporation is the latest regulator to respond to the rapidly growing fintech market Compliance Technology Feature3 Fintech Blockchain Feature Financial Trends Bitcoin Cryptocurrency Compliance Management Compliance/Regulatory.

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Regulation FDIC Compliance Bitcoin 78

PYMNTS

DECEMBER 21, 2018

senators has expressed concerns that FinTech startup Robinhood is not being transparent about its cash management service. Senators have sent a letter to regulators for information on how they “carefully monitor FinTechs who, intentionally or not, blur financial products for a competitive advantage.”.

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Fintech Management Regulation Security 187

PYMNTS

MAY 6, 2019

Open banking regulations like PSD2 are forcing many FIs to open up their data to third-party providers (TPPs), causing a wave of changes as its September launch date approaches. If you’re a bank where FinTechs are a big thing – like in the U.S. – Challenges and FinTech Needs. you might have two million customers.

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Fintech Data Security Software 185

PYMNTS

NOVEMBER 27, 2019

Small businesses are a growing target for bank-FinTech collaborations and data integration initiatives as financial service providers explore new use cases for open banking. In this week’s roundup of the latest B2B applications of bank-FinTech collaboration and open banking initiatives, PYMNTS looks at new data integration models.

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Fintech blockchain Data National 227

PYMNTS

SEPTEMBER 25, 2019

In the continued drive for collaboration between the FI and FinTech, between governments and financial services providers, efforts this past week focused on the Middle East and support for new initiatives. The company said that Form3 and Ebury are offering access to respective banks and FinTechs through the Form3 platform.

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Fintech Innovation blockchain Data 158

PYMNTS

JULY 17, 2018

The movement toward linkups between traditional financial institutions (FI) and FinTech firms seems an inexorable one — in the cross-selling of corporate services into consumer bases that embrace individuals and, typically, small- to medium-sized businesses (SMBs). However, looking elsewhere beyond U.S.

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Fintech Regulation New York Management 100

PYMNTS

SEPTEMBER 2, 2019

The People’s Bank of China (PBoC) is looking toward new technologies to keep a closer eye on the nation’s FinTech , blockchain and digital lending markets. Yet onlookers have noted that PBoC has been working diligently toward its own FinTech growth.

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Fintech Bitcoin cryptocurrency Lending 193

PYMNTS

OCTOBER 16, 2018

In the coexisting — and sometimes colliding — worlds of FinTech and traditional financial services, a bit of collaboration often evolves. As reported by Bloomberg , the regulator at the helm of Singapore’s financials has embraced an effort to “bring together” FinTech firms and banks there.

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Fintech Regulation cryptocurrency Innovation 188

PYMNTS

JANUARY 30, 2020

Banks and FinTechs continue to discover new opportunities in unlocking corporate clients’ financial data, with banks embracing data integration for their own product development initiatives, and FinTechs finding new ways to collaborate with each other. Mastercard Taps FinTech for Biz Card Boost.

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Data Fintech Cards Software 161

PYMNTS

FEBRUARY 15, 2018

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. That comes as Open Banking bowed in Europe last month.

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Washington Regulation Conference Fintech 101

Bank Innovation

MARCH 27, 2020

In a week that saw the coronavirus pandemic amplify in the United States, the fintech sector continued to weather economic dislocation and uncertainty. But even amid this uncertainty, fintech companies began formulating strategies to help banking and consumers emerge from the crisis with better tools and solutions.

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Fintech United States Tools Strategy 259

PYMNTS

SEPTEMBER 26, 2016

The FinTech companies are disrupting the industry and are a thorn in the side of the traditional players — banks and credit card companies. Many FinTech startups, like Ripple, are using blockchain to provide cheaper and faster services to consumers. But some banks are competing with the FinTechs. trillion in 2014 to $2.3

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Regulation Fintech blockchain Mobile 100

PYMNTS

DECEMBER 8, 2019

Firms like Google, Alibaba and Facebook could be forced to share data with banks and FinTech firms. Asset management, payments and lending are being offered by Microsoft, Amazon, eBay, Baidu, Apple, Facebook and Tencent — all which have colossal databases.

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Regulation Data Google Fintech 131