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Black Swans Are The Sandbox Of New Innovations

PYMNTS

At the time of the black swans in 2001 and 2008, it was hard to tell anything positive was coming out of them. We even created the ability to use chip cards in a USB-attached chip reader to form-fill and send EMV-like payment information to merchants across the internet. Black Swans Are the Sandbox of New Innovations.

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No Pain, No Gain? GDPR, PSD2 And The New Payments Reality

PYMNTS

Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google , which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising. 3D Secure 2.0

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Vivier Launches New Online Banking Platform

PYMNTS

Founded in 2001 and licensed in New Zealand, Vivier focuses on high-interest savings accounts that avoid the risk of market volatility. It offers customers a complete list of banking needs, such as debit cards, international money transfers and secure, low-risk loans protected against real estate.

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B2B FinTechs Diversify Funding Strategies With M&A, IPOs

PYMNTS

Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. raised $10 million from SEB Bank and Seed Capital for its commercial card technology. Funding Xchange secured $10.3 Cardlay, based in the U.K., Also in the U.K.,

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Artificial Intelligence: FIs’ Friend Or Foe?

PYMNTS

It doesn’t mask murderous intentions with a calming voice like HAL of “2001: A Space Odyssey.” When customers apply for a credit card or loan, that application can take weeks to process, said Kaplan. There are non-banks rolling out their own payment cards with far more compelling incentives to adopt.

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A Decline in Personal Savings

TrustBank

By the 1990’s, improvements in technology and further changes to securities regulations made it easier for corporate customers to access financial markets directly. This forced banks to renew their focus on middle market commercial banking and consumers. Recall the NINJA loans (No Income, No Job, Apply).

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Consumer Lending: Should Banks Do It?

Jeff For Banks

Ever since we formed our company in 2001, this has been the case. Mortgage bankers and brokers own a significant share of market (although less than prior to the 2007-08 financial crisis). And Quicken Loans is in the top 5 HMDA market share in nearly every market we analyze. We lost auto loans to the indirect market.

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