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.

Fintech 188

Fintech Regulation cryptocurrency Innovation 188

Bank Innovation

DECEMBER 13, 2016

This was a big year for fintech, with new regulations, new startups, and new technologies displayed across events like Sibos and Money20/20, making it clear that the progress of fintech can’t really be stopped. It’s almost time to wave goodbye to 2016. But how will it continue? That’s the real Read More.

Fintech 150

Fintech Regulation Technology Regional 150

PYMNTS

AUGUST 3, 2018

Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves players with only those two stark choices, according to Bruce Parker, founder and CEO of Modo , which describes itself as a “cloud-based utility” that enables payment system interoperability. FinTech Improvements.

Fintech 115

Fintech United States Regulation Innovation 115

PYMNTS

FEBRUARY 20, 2018

19) that they had inked a deal to collaborate and support FinTech initiatives called the Cooperation Arrangement on Financial Technology Innovation (FinTech Arrangement). According to a press release , the two organizations will support each other’s efforts via the FinTech initiatives LabCFTC and FCA Innovate.

Fintech 115

Fintech Regulation Innovation Financial Technology 115

Celent Banking

FEBRUARY 28, 2017

The Products entries for 2017 fall broadly into four sub-categories: Payments Product — for launching the best consumer or business payments product. Product Innovation — for demonstrating the ability to launch multiple innovative products. Open Banking — for the most impressive API strategy and results so far.

Innovation 100

Innovation Lending Boston Trends 100

Celent Banking

FEBRUARY 28, 2017

The Products entries for 2017 fall broadly into four sub-categories: Payments Product — for launching the best consumer or business payments product. Product Innovation — for demonstrating the ability to launch multiple innovative products. Open Banking — for the most impressive API strategy and results so far.

Innovation 100

Innovation Lending Boston Trends 100

PYMNTS

JANUARY 26, 2021

MobileCoin complements the privacy-focused app in that it is “more resistant to surveillance,” according to a 2017 Wired report. In other news, European FinTech SIA is partnering with WizKey to create a platform to allow credit negotiations on blockchain for banks, financial operators and funds, according to a press release.

blockchain 244

blockchain Guidelines cryptocurrency Marketing 244

PYMNTS

JANUARY 26, 2017

B2B payments have a reputation for being slow to innovate , though the last couple years has challenged that notoriety. Still, according to the latest Mercator Advisory Group report on FinTech disruption, B2B payments will have to wait a bit longer to see true change from these innovations. B2B Payments Outlook.

Innovation 100

Innovation Payments Regulation Fraud 100

PYMNTS

MAY 6, 2019

The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial Services can move forward with a suit that looks to derail national bank charters for FinTech companies. The national licenses would let FinTechs lend money and paychecks to consumers. lakh (roughly $1.6 In the U.K.,

National 165

National Fintech New York Exercises 165

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

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. According to the banks that have linked with FinTech firms, such guidelines would help relationships between the parties.

Lending 150

Lending Fintech Data Wyoming 150

PYMNTS

DECEMBER 27, 2018

It may be conventional wisdom to assume that banks and FinTech firms are on opposite ends of the financial services spectrum, where large, asset-rich, traditional financial institutions (FIs) stand in stark contrast to small, bootstrapped tech upstarts, competing for clients’ attention and spend. The Strategy of Process.

Fintech 184

Fintech How To Regulation Payments 184

Chris Skinner

MAY 28, 2017

With the move to less regulation in … Money Sandboxes Research I recently had exposure to two industry reports that are worth bringing to your attention. The first is the Innovate Finance research into Industry Sandboxes. Here’s how it went ….BANK:

Bitcoin 171

Bitcoin cryptocurrency Industry Regulation 171

PYMNTS

AUGUST 2, 2016

In looking ahead at the near-term emergence of FinTech markets, the U.S. According to the report, China will be the biggest export market for payments next year; Japan will be the biggest exporter for FinTech overall. Payment services, with … 17.6 percent, insurance services at 7.7 percent and online borrowing at 5.6

Fintech 100

Fintech US Big Data Trends 100

PYMNTS

DECEMBER 11, 2019

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. Regulators the world over are beginning to take a closer look at the alternative and marketplace lending business model.

Fintech 144

Fintech Lending Regional Regulation 144

PYMNTS

JANUARY 11, 2021

Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). The FinTech startup has already created several financial services products, including cryptocurrency and stock trading, savings wallets, junior accounts and rewards. The company added bitcoin, ether and litecoin in 2017. 11) that having a U.K.

cryptocurrency 216

cryptocurrency Leadership Bitcoin Fintech 216

CB Insights

JUNE 28, 2017

Despite their role as fintech companies’ watchdog, there is a desire among global regulators to foster innovation and partner with new startups in the fintech space, says Jeffrey Bandman, formerly of the Commodities Futures and Trading Commission (CFTC). However, he acknowledged a … Continued.

Regulation 35

Regulation Innovation Fintech Company 35

PYMNTS

AUGUST 14, 2018

In technology, innovation, of course, is as critical as oxygen, fueling the “next big thing” and boosting top and bottom lines. And, according to Cipher , a data insights firm based in the United Kingdom, in FinTech, the patent race is one that is seeing some clear winners, among them large tech firms, with traditional banks trailing.

Fintech 189

Fintech Course America Examples 189

PYMNTS

MARCH 4, 2017

The B2B payments industry is finally beginning to hustle when it comes to technological innovation. And as traditional financial institutions (FI) begin to recognize the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. .

Innovation 191

Innovation Data Fintech Exercises 191

PYMNTS

SEPTEMBER 18, 2019

The delicate balance between bank-FinTech competition and collaboration continues to teeter in the U.S. In a market without Open Banking regulations, FinTechs continue to enter in to the market, collaborating with bank partners to offer their own financial services — which often compete directly with other financial institutions.

Fintech 144

Fintech Payments Meeting Capital 144

PYMNTS

DECEMBER 30, 2016

Analysts continue to flesh out their predictions for payments and FinTech in 2017, but one can never truly know the exact direction an industry will take. Today, 58 percent of SMBs already have international customers, while 72 percent plan to grow their international customer base by 2017.

Industry 125

Industry Trends Capital Payments 125

PYMNTS

DECEMBER 29, 2016

So, what can corporates expect from their banks in 2017? FinTech Continues Its Disruption. Traditional banks have continued their sloth-like pace in FinTech adoption, added Galarza, which has led corporates to seek innovative services from non-bank players. “In But Banks Continue To Thrive.

Security 181

Security Fintech Boston Fraud 181

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

FEBRUARY 13, 2019

The company noted that it still needs to gain approval from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market, which issued regulations for crypto exchanges last summer. times increase from 2017, and a 329 percent or 4.3 times increase from 2017, and a 329 percent or 4.3

blockchain 128

blockchain Fintech Bitcoin cryptocurrency 128

PYMNTS

OCTOBER 17, 2017

The cross-border payments space presents a whole host of challenges for FinTech innovators to try to solve, with new solutions targeting everything from global eCommerce to international tuition payments. The October 2017 X-Border Receivables Report , released last week, outlines just how vast the cross-border payments market is today.

Innovation 104

Innovation Payments Fintech Survey 104

CFPB Monitor

FEBRUARY 20, 2019

The Conference of State Bank Supervisors (CSBS) announced last week that it has agreed to implement 14 recommendations made by its Fintech Industry Advisory Panel (Advisory Panel). It has 33 fintech company members that engage with the CSBS Emerging Payments and Innovation Task Force and other state regulators.

Fintech 68

Fintech Conference Survey Regulation 68

PYMNTS

APRIL 30, 2018

It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. Blockchain. Marketplace lending. Blockchain.

Fintech 183

Fintech blockchain Lending Digital Banking 183

NCR

JANUARY 17, 2017

Given the prevalence of financial services across the globe – in both emerging and developed markets – the disruption opportunity for fintech startups is massive. As fintech startups battle it out to get their share of the business, the drive for innovation is spreading well beyond traditional tech hubs and basic banking products.

Fintech 40

Fintech Trends Industry Compliance 40

PYMNTS

FEBRUARY 8, 2018

China’s renminbi (RMB) is one global currency that is pushing its international standing, but new data from SWIFT released earlier this month found 2017 was a mixed year for the currency. RMB usage made up 1.61 RMB usage made up 1.61 Today China’s payments landscape is a very dynamic one,” he said.

Innovation 111

Innovation Payments blockchain Analysis 111

Bank Innovation

OCTOBER 18, 2017

EXCLUSIVE- APIs and open banking might be becoming more integral to financial institutions, but it doesn’t seem like banks are really working to push innovation in that space That’s according to Bank Innovation’s annual State of Banking Innovation for 2017, where none of the survey’s 151 respondents (the majority of whom are bankers) indicated that (..)

blockchain 273

blockchain Innovation cryptocurrency Online 273

PYMNTS

MARCH 4, 2017

The B2B payments industry is finally beginning to hustle when it comes to technological innovation. And as traditional financial institutions (FI) begin to view the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. .

Innovation 100

Innovation Data Fintech Exercises 100

PYMNTS

MARCH 19, 2019

online lender LendingClub — raised $220 million in funding in 2017, led by Singapore sovereign fund GIC, as well as CMIG Leasing and South Korean fund manager Simone Investment Managers. The situation of the industry shows that the one-size-fits-all rule will definitely curb innovative businesses.”.

Regulation 138

Regulation Regional Lending Compliance 138

PYMNTS

NOVEMBER 2, 2020

Nets was purchased by Hellman & Friedman in 2017 and has since scaled its core payments business both organically and by strategic acquisition. The 2019 deal hit an antitrust snag in April when European regulators said the purchase disrupts competition. Nexi beat back competition from U.S. firm Global Payments to acquire Nets. .

Payments 215

Payments Regulation Groups Innovation 215

PYMNTS

OCTOBER 19, 2016

According to Brad Fauss, president and CEO of the Network Branded Prepaid Card Association, the recently released regulations on prepaid cards from the Consumer Finance Protection Board could be another instance of good intentions gone wrong. The updated regulations are slated to take effect Oct. About The Tracker.

Regulation 100

Regulation Cards Digital Banking social media 100

Bank Innovation

APRIL 7, 2017

Fintechs are becoming more entrenched into the financial ecosystem, with the majority of banks now firmly on the side of collaboration, rather than conflict. More than 80% of financial incumbents anticipate developing more partnerships with fintechs in the next five years, according to PwC’s 2017 Global Fintech Report.

Fintech 268

Fintech Report Online Compliance 268

Bank Innovation

MAY 24, 2017

The OCC’s decision to issue charters specific to fintech could have profound effects for the financial industry—but will those lead to positive or negative changes? Opinions on this remain divided among the DLT devotees.

Fintech 170

Fintech US Industry Company 170

NCR

APRIL 13, 2017

The coming months are set to be a busy time for the payments industry, as 2017 is expected to be a game-changing year as a range of new providers and technologies come to the fore. The post “Record breaking”: What 2017 holds for the UK payments market appeared first on Banking.com. Open banking increases access.

Marketing 72

Marketing Payments Metro System 72