PYMNTS

DECEMBER 28, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of Capitulation . The year 2016 was the year of capitulation by FinTechs to the traditional banking industry.

Payments 128

Payments eBook Fintech Regulation 128

PYMNTS

NOVEMBER 8, 2018

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). The new guidelines, developed by the British Standards Institute (BSI), aim to address issues that interfere with FinTech firms and banks forming alliances.

Guidelines 192

Guidelines Fintech Retail Financial Technology 192

PYMNTS

DECEMBER 14, 2018

When PYMNTS asked cross-border payments experts at the end of last year what they thought the driving trend would be for the industry in 2018, the consensus was all about collaboration , particularly between banks and FinTech firms. “The modern-day client expects a seamless transaction experience,” he said.

Fintech 192

Fintech Payments Innovation Regulation 192

PYMNTS

SEPTEMBER 25, 2018

When it comes to FinTech firms and lending, might it be that what we don’t know could hurt us? A report by the Bank for International Settlements (BIS) found that when it comes to credit done through nascent technological platforms, boons and risks are afoot. China was the largest market, yet volume has declined in recent periods.

Fintech 172

Fintech Lending United States Regulation 172

Celent Banking

JANUARY 26, 2017

The timing is also interesting, as only two weeks ago outgoing President Obama’s National Economic Council (NEC) released a new whitepaper called A Framework for FinTech. The NEC, a policy advisory unit of the White House established in 1993, proposed 10 high-level principles designed to move the US fintech industry forward.

Regulation 100

Regulation Policies Philadelphia Fintech 100

Chris Skinner

FEBRUARY 8, 2017

Innovate Finance, which represents 300 UK fintech companies, says venture capital investment fell from $1.2bn (£970m) in 2015, to $783m last year. There were 1,436 fintech deals globally, attracting $17.4bn in investment, Innovate Finance says, with China outpacing the US for the first time. But globally, investment rose 10.9%.

Fintech 150

Fintech Capital Innovation US 150

PYMNTS

DECEMBER 29, 2016

FinTech Continues Its Disruption. In a recent interview with PYMNTS, Mike Galarza, founder and CEO of AP automation firm Entryless, touted 2016 as the year that corporates stopped relying on banks. “As One thing’s for certain: Corporate banks everywhere need to embrace technology. But Banks Continue To Thrive.

Security 181

Security Fintech Boston Fraud 181

PYMNTS

JUNE 17, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

Google 142

Google National Fintech Regulation 142

PYMNTS

JUNE 24, 2020

Visa and the Dutch FinTech TerraPay said they plan to develop and deliver “payment solutions to drive financial inclusion and cashless transactions for domestic payments and global remittances.”. That’s up from $601 billion in 2016. “Interoperability is key to a digitally connected payments ecosystem.”. .”

Payments 243

Payments Fintech Course Operations 243

PYMNTS

JUNE 15, 2018

The cost of technology has lessened, though, opening the door for SMEs to bring bits and bytes to supply chains – lessening reliance on manual processes and invoices of the paper kind, thus eliminating errors. Using technology would cut costs that come in tandem with anti-fraud efforts. The tech is licensed by a U.S.

Fintech 115

Fintech Compliance Software Taxes 115

PYMNTS

SEPTEMBER 27, 2017

The FinTech space is hoping to address these challenges head-on, targeting the paper and manual-based processes of trade finance transactions though innovations like blockchain. The survey polled more than 515 banks and 1,336 companies across 103 countries, finding that FinTech innovators can, indeed, help address the $1.5

Fintech 128

Fintech Survey Lending United States 128

PYMNTS

AUGUST 2, 2016

In looking ahead at the near-term emergence of FinTech markets, the U.S. Department of Commerce’s International Trade Administration said in its “ 2016 Top Markets Report Financial Technology ” that Asia will hold sway over other regions. Payment services, with … 17.6 percent, insurance services at 7.7

Fintech 100

Fintech US Big Data Trends 100

PYMNTS

MARCH 8, 2019

FinTech news, it was reported that consumers in the U.K. That not only demonstrates the power of digital technology, but also signals that traditional financial institutions in the country face tremendous pressure to “maintain their relevance in the face of FinTech competition,” according to a new report from App Annie.

Fintech 130

Fintech Mobile Report Trends 130

PYMNTS

SEPTEMBER 18, 2019

Open banking FinTech startup Bud is reportedly laying off up to one-fifth of its staff just months after announcing a $20 million fundraise, The Telegraph reported on Monday (Sept. It is part of a growing population of open banking startups looking to develop solutions around new regulations in Europe and the U.K.

Strategy 178

Strategy Fintech Groups Software 178

CFPB Monitor

FEBRUARY 13, 2017

The FTC has sent its annual letter to the CFPB reporting on the FTC’s activities related to compliance with the Equal Credit Opportunity Act and Regulation B. In January 2016, the FTC issued a report warning that certain uses of big data consisting of consumer information may implicate various federal consumer protection laws.

Report 68

Report Big Data Lending Survey 68

Chris Skinner

MARCH 17, 2017

On Wednesday the American Office of the Comptroller of the Currency (OCC)* followed up on its promise last December to introduce a national bank charter for Fintech bank startups by issuing a white paper on how to apply for a licence, the evaluation process and what will be involved. See OCC Issues Responsible Innovation Framework.

Apple 307

Apple Innovation Fintech United States 307

PYMNTS

FEBRUARY 9, 2017

2016 was a big year for the industry, with some of the largest names in alternative finance faltering, the industry as a whole taking a wait-and-see approach to regulation and its ongoing expansion as new market entrants continued to filter in. When it comes to regulation, “we welcome that,” he said.

Innovation 100

Innovation Fintech Regulation Lending 100

Celent Banking

JUNE 15, 2016

Hosted by the European Banking Association and Finextra, EBAday attracts payments professionals from leading financial institutions and technology providers. ” Sessions focused on the dilemma facing the payments industry – enhancing existing payment models while preparing for alternative payments and technology.

Payments 100

Payments blockchain Technology Security 100

PYMNTS

MAY 30, 2016

And to make sure that everyone starts off 2016, Part II on the same footing, we thought we would bring you a few of the top trending stories, as well as hot data/research topics, that will give you a head start on that all-important planning for 2016 and beyond. Store Front Business Index: Main Street USA, A-OK? Are SMBs Ready For EMV?

Trends 100

Trends Retail Fraud Mobile 100

PYMNTS

JULY 22, 2016

It’s even more surprising given that 2016 could be the year that regulation begins to really kick in for these lenders — in the U.S., Accounts Receivable Management. ezyCollect. Australian startup ezyCollect is looking to help the nation nix its newfound reputation as taking the most time in the world to pay outstanding invoices.

Lending 100

Lending Regulation Big Data Risk Management 100

CFPB Monitor

OCTOBER 10, 2016

On October 13, 2016, the Brookings Institute will hold an event in Washington, D.C. titled: “ How to make fintech work for all Americans.” ” Among the questions to be addressed are whether “regulation and policy inhibit innovation and skew benefits toward the well-to-do.”

Fintech 60

Fintech FDIC Policies Washington 60

PYMNTS

JANUARY 11, 2018

percent in 2016. plan to expand lending activity, and even as they collaborate with FinTechs, analysts warn that FIs haven’t yet been able to address the $1.5 “Common concerns, such as KYC, are also being allayed by technology.” “Common concerns, such as KYC, are also being allayed by technology.”

Fintech 126

Fintech Lending Trends Operations 126

CFPB Monitor

SEPTEMBER 29, 2016

on November 14, 2016 to discuss financial technology innovation in the financial services industry. The panels will discuss issues such as blockchain technology, automated investment advice or robo-advisors, online marketplace lending and crowdfunding, and how they may impact investors.

Innovation 60

Innovation Fintech Washington blockchain 60

PYMNTS

JANUARY 9, 2018

INTRUST Bank recently announced it is also taking part in the trend of collaborating with FinTechs. In July 2017, the Federal Deposit Insurance Corporation (FDIC) held a meeting with a group of community bankers which told officials about the competitive pressures they’re facing from FinTechs.

Community Bank 131

Community Bank Community Fintech Lending 131

PYMNTS

OCTOBER 11, 2018

CipherTrace Chief Executive Officer Dave Jevans told Reuters, “the regulators are still a couple of years behind because there are only a few countries that have really applied strong anti-money laundering [AML] laws. By contrast, crypto hedge funds comprised 16 percent of new hedge funds last year and a much smaller 3 percent in 2016.

Bitcoin 182

Bitcoin cryptocurrency Regulation blockchain 182

PYMNTS

FEBRUARY 24, 2020

billion-strong, high-spending consumers and their willingness to adapt to new technologies, trends and products may represent the economy of the future for many banks and businesses, but it is notoriously difficult for firms to enter and compete in this market. Confronting the Chinese Privacy Myth .

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

JANUARY 17, 2020

We have a deep dive into real-time payments and news on Visa ‘s FinTech play with Plaid and insight into buy now, pay later (BNPL). FinTech Play, Wrapped In Plaid. Wells Fargo is aiming to refresh its approach to technology to ensure systems stay online, block cybercriminals and satisfy regulators.

Fintech 100

Fintech New York City New York Mobile 100

Accenture

FEBRUARY 28, 2017

The payments landscape is changing fast due to new disruptive technologies such as open APIs, distributed ledger technology, cloud, Apple/Samsung/…Pay, and customers’ expectations are changing for seamless and faster payments. Faster Payments will process 1.65bn txns, 15% higher than 2016 (1.4bn txns). External/Open APIs.

Payments 150

Payments Bitcoin Samsung Fraud 150

Accenture

FEBRUARY 28, 2017

The payments landscape is changing fast due to new disruptive technologies such as open APIs, distributed ledger technology, cloud, Apple/Samsung/…Pay, and customers’ expectations are changing for seamless and faster payments. Faster Payments will process 1.65bn txns, 15% higher than 2016 (1.4bn txns). External/Open APIs.

Payments 150

Payments Bitcoin Samsung Fraud 150

Celent Banking

OCTOBER 17, 2016

I’ve finally recovered from a hectic week in Geneva, where I met with over 40 banks, technology companies, and consulting firms to discuss what’s happening in global transaction banking. The fall conference season is a business time for us in the industry research business.

blockchain 100

blockchain Conference Compliance Technology 100

Chris Skinner

APRIL 11, 2017

I blogged recently about American banks beating up the regulators to stop account access via APIs. I heard this in various White House meetings in 2016, and assumed all banks and bank people felt the same way. Citi’s head of FinTech Policy, Andres Wolberg-Stok, got in touch to clarify the true situation.

US 299

US Policies Washington New York 299

PYMNTS

OCTOBER 16, 2017

.” The Fed found that small business lending at community banks actually declined in 2016, while SMB lending at big banks increased over the same period. Competition from FinTechs in the near future, the report added, is sure to increase pressure at small banks, too. They’re not fully bankable,” the CEO said.

Community Bank 110

Community Bank Community Fintech Lending 110

PYMNTS

DECEMBER 14, 2018

Facebook, for example, has faced controversy since consumers learned that it allowed Cambridge Analytica to harvest information from approximately 87 million profiles without consent during the 2016 presidential election. financial services sector as consumers embrace digital technology for the banking and retail industry.

Payments 180

Payments Regulation Data Security 180

PYMNTS

JUNE 12, 2017

Strategic Treasurer and Bottomline Technologies recently published a joint report on the B2B payments landscape: B2B payments + WCM Strategies. As more banks and bank accounts must be managed and new currencies and regulations come into play, the complexity faced by corporates with their payments operations grows.”. Payments Rails.

Fintech 150

Fintech Survey Cards Payments 150

PYMNTS

APRIL 30, 2018

Now, it’s true that some companies — including some very big names across many important sectors of the economy — are taking measured steps and experimenting with blockchain tech — aka distributed ledger technology (DLT) — in the support of use cases that address tough problems. And to learn. Take Goldman Sachs and Marcus.

Fintech 183

Fintech blockchain Lending Digital Banking 183

CFPB Monitor

JUNE 8, 2016

On June 9, 2016, the FTC will host a “ FinTech forum on marketplace lending ,” the first in a forum series described by the FTC as “exploring emerging financial technology and its implications for consumers.”

Lending 60

Lending Fintech California Survey 60

CFPB Monitor

MARCH 16, 2017

A Democratic congressman has raised concerns about potentially discriminatory lending practices used by fintech companies that extend credit to small businesses, calling on the CFPB “to vigorously investigate whether [such fintech companies] are complying with all anti-discrimination laws, including the Equal Credit Opportunity Act.”

Lending 68

Lending Fintech Regulation Data 68