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UK Retail Banks Draft FinTech Alliance Guidelines

PYMNTS

banks and financial technology firms have worked together to create a set of guidelines to improve the relationship between FinTech startups and financial institutions (FIs). has been a hotbed of FinTech startups. In 2016, the government revealed it was committing to invest £500,000 ($656,182.50

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Top News In Payments: JPMorgan Blocks FinTechs From Passwords; Ant, Razer Join Rally For Singapore eBank Licenses

PYMNTS

In today’s top payments news, JPMorgan blocks FinTechs from accessing customers’ passwords, and Ant Financial and Razer throw their hats into the ring for one of Singapore’s five available digital banking licenses. JPMorgan Ups Security By Blocking FinTechs From Passwords. Why Turkish Banks Are Bullish On PSD2.

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SEC to hold fintech innovation public forum

CFPB Monitor

The Securities and Exchange Commission has announced that it will host a public forum in Washington, D.C. on November 14, 2016 to discuss financial technology innovation in the financial services industry.

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Faster Payments, Open Banking Should Keep Treasurers On High Alert

PYMNTS

While financial services (FinServ) innovations often emerge with built-in security measures, new market trends — including faster payments and open banking — are introducing new security threats to corporate treasury departments, according to cybersecurity company BioCatch. The tactic is relatively simple.

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Alt-Lending Conglomerate TruFin Lands $97M In IPO

PYMNTS

just secured more than $97 million through an initial public offering. The firm is the holding company for an array of FinTech companies operating in supply chain finance, invoice finance and the dynamic discounting market. An alternative lending conglomerate based in the U.K.

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Small Firms Demand Higher Speed, Lower Costs In Global Payments

PYMNTS

Small businesses (SMBs) are rarely early adopters of new financial technology (FinTech). However, with business owners and entrepreneurs often taking a page out of their personal lives as consumers, the eventual adoption of emerging solutions is an inevitable part of FinTech innovation. In the U.K.,

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Uncovering The Value Proposition In FinTech Innovation

PYMNTS

The biggest value propositions for companies, so far, among these tools, have been faster payments, a better banking experience, a deeper insight into business health via data analytics and payments security. This problem is what Bottomline has been focusing on, what it calls “unified corporate payments,” for 2016 and beyond, DeLuca said.