Remove 2016 Remove Financial Technology Remove Security Remove Technology
article thumbnail

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). In 2016, the government revealed it was committing to invest £500,000 ($656,182.50 USD) a year into financial technology companies.

article thumbnail

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

PYMNTS

JPMorgan Ups Security By Blocking FinTechs From Passwords. JPMorgan CEO Jamie Dimon voiced his fears of the risks from data sharing back in a 2016 shareholder letter. Plus, Indonesia is planning to implement flat-rate fees for certain digital wallet transactions.

Fintech 133
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Alt-Lending Conglomerate TruFin Lands $97M In IPO

PYMNTS

just secured more than $97 million through an initial public offering. We intend to deliver value by taking advantage of current market disruptions and new financial technologies, while keeping a focus on the distribution of niche lending products.”. An alternative lending conglomerate based in the U.K.

Lending 122
article thumbnail

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.

Payments 141
article thumbnail

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. The forum will be open to the public and webcast live on the SEC’s website.

article thumbnail

Small Firms Demand Higher Speed, Lower Costs In Global Payments

PYMNTS

Small businesses (SMBs) are rarely early adopters of new financial technology (FinTech). Only a few years ago, small businesses lagged in global payments technology uptake. The launch for SMBs certainly reflects the game of catch-up that firms often play, following consumers’ payment and technology adoption habits.

Payments 151
article thumbnail

FinovateSpring 2016 Live Blog – Day 2

William Mills

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 2016. Banks are not experts in IT, so now they can leverage plug-and-play technology functionality. Corezoid is advocating for a “process focused” view of bank technology, by use of APIs. This is a very sophisticated fraud detection technology! ^SR.

Video 40