PYMNTS

AUGUST 3, 2020

DayTek Capital , an Australian challenger bank known for its prepaid “Infinity” card, has been granted a banking license by the country’s Securities and Investments Commission, a report from AltFi says. In 2018, Volt was the first neobank to get a RADI, the report notes. Banks emigrated from the U.K.

Capital 154

Capital ATM Analytics Report 154

PYMNTS

JULY 8, 2016

And Bank of England just joined their corner, stating that the final regulation should be amended. The rule will come in to effect in 2018 and is designed to increase the banks’ financial strength, as well as measure their capital against the total assets of the firm.

Capital 100

Capital Regulation Maine Marketing 100

PYMNTS

DECEMBER 17, 2018

Australian challenger bank Judo Capital has chosen VERMEG , a leading banking and insurance software solution company, to meet its Australian Prudential Regulation Authority (APRA) reporting requirements as it pursues its full banking license. “Regulatory reporting is an essential function for Judo.

Capital 116

Capital Compliance Report Software 116

PYMNTS

MAY 13, 2019

Henrik Ramlau-Hansen, the former chair of Denmark’s financial regulator and former Danske Bank finance director, has been charged by Danish economic prosecutors. Ramlau-Hansen chaired the Financial Supervisory Authority in Denmark from 2016 to 2018. He has recused himself from the investigation.

Regulation 139

Regulation Report Capital Marketing 139

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. billion of venture capital invested in the sector across 2,304 deals, a 148 percent or 2.5 Bithumb has certainly been busy.

blockchain 128

blockchain Fintech Bitcoin cryptocurrency 128

PYMNTS

JUNE 7, 2019

Europe’s Financial Stability Board said Friday (June 7) that higher bank capital requirements put on the books during the financial crisis will remain. When the banks were required to increase their capital back in 2010 they argued it would hurt their ability to keep up their lending pace. In January the U.K.

Capital 100

Capital Lending Regulation Meeting 100

PYMNTS

DECEMBER 26, 2018

Eight credit unions closed in 2018, and they affected an estimated 14,000 people with a collective £25 million in savings. In a letter to firms earlier in the year, the Bank of England’s prudential regulation arm said some credit unions collapsed because of “involved fraud committed by either members of staff or directors.”

Regulation 134

Regulation Capital Lending Policies 134

PYMNTS

JANUARY 4, 2019

Indian tech startups had a huge year in 2018, but the way the money is being distributed has some experts concerned about the future of the country’s financial ecosystem, according to reports. Early startups were a part of 304 deals in 2018 and raised $916 million. billion in funding – the most ever. In 2017, Indian startups got $10.4

Company 162

Company Taxes Innovation Capital 162

PYMNTS

DECEMBER 28, 2018

Though FinTech has, in many ways, heated up the competition with banks, traditional financial institutions (FIs) widely began to realize in 2018 that their best strategy to remain competitive in today’s financial services landscape is often to collaborate with (not against) those FinTech firms. Visa Acquires Longtime Partner Fraedom.

Innovation 184

Innovation Fintech Payments Management 184

PYMNTS

JULY 2, 2018

Despite a regulation crackdown and other issues, investors have continued to fund cryptocurrency startups in 2018, with ICOs raising $11.8 This year’s surge comes as ICOs have faced stricter scrutiny from regulators like the U.S. This year’s surge comes as ICOs have faced stricter scrutiny from regulators like the U.S.

Regulation 101

Regulation cryptocurrency Fraud Analysis 101

PYMNTS

JULY 8, 2019

As the regulator said at a Lisbon conference, “The optimal size of the banking sector is hard to gauge, but it seems clear, though, that the European banking sector is still too large. That fine comes in the wake of five breaches spanning 2014 to 2019, and also touches on the bank’s failure to report capital positions. As many as 1.6

System 108

System Regulation Capital Report 108

Abrigo

AUGUST 2, 2017

15, 2018, at the earliest, bankers and their advisors have been researching requirements of the updated standard, determining what data will likely be needed and exploring possible methodologies for their calculations of the allowance for loan and lease losses (ALLL). Capital was selected as the answer by 39 percent of respondents.

Capital 150

Capital Survey Resources Community 150

Insights on Business

JANUARY 25, 2019

Looking at the top five blog entries of 2018, we see that using technology to meet the ever-increasing scale and rate of regulatory change is top of mind for financial service organizations. As Marc Andrew’s notes in his blog, Demystifying AI for risk and compliance , in 2018, we saw AI tackle exhausting regulatory requirements.

Marketing 79

Marketing blockchain Compliance Innovation 79

PYMNTS

OCTOBER 16, 2020

billion in venture capital investments between January and September 2020, according to a press release from London & Partners emailed to PYMNTS. Global investments are below the levels of pre-pandemic days, but London FinTechs have surpassed their 2018 venture capital totals of $2.3 billion in investments.

San Francisco 265

San Francisco Fintech New York City Data 265

BankUnderground

APRIL 27, 2021

While our analysis does not examine changes in repo market during the Covid crisis, we find there was been a sharp deterioration, and then improvement, in the functioning of repo markets secured by sterling UK government bonds, or ‘gilt’ repo (Chart 1) over the period from 2014 to 2018. Table 1: Identifying sign restrictions.

Marketing 106

Marketing Policies Regulation Analysis 106

PYMNTS

NOVEMBER 26, 2019

The Prudential Regulation Authority (PRA), the supervisory arm of the Bank of England (BoE), has fined Citigroup a record-breaking $56.3 million for not completing accurate returns between 2014 and 2018, according to a report by Reuters.

Report 191

Report Capital Regulation Meeting 191

PYMNTS

NOVEMBER 11, 2020

The State Administration for Market Regulation — China’s regulator — said on Tuesday (Nov. The decree from Chinese regulators followed the suspension of Ant’s initial public offering (IPO) in Shanghai and Hong Kong. 2), China’s central bank and regulators outlined new rules for digital micro-lending. Last Monday (Nov.

Regulation 207

Regulation Marketing Groups Lending 207

PYMNTS

MARCH 22, 2019

The Financial Supervisory Authority (FSA) in Norway said that several banks didn’t make sufficient anti-money laundering assessments in 2018, according to a report by Reuters. The FSA released its annual report on Friday (March 22) listing all the banks that had been inspected, but it didn’t say which institutions had the issues.

Regulation 139

Regulation Regional Maine Report 139

PYMNTS

JANUARY 25, 2021

In today’s top payments news around the world, India’s central bank wants stricter regulations for big shadow lenders, while global foreign direct investment (FDI) dropped last year and the pandemic will continue to impact it this year. The central bank of India wants more stringent regulations for large shadow lenders.

United States 217

United States Regulation Payments Lending 217

PYMNTS

SEPTEMBER 28, 2016

Capital, capital everywhere — but, for big U.S. As reported earlier this week, the Federal Reserve is boosting capital requirements for the biggest U.S. banks as part of a new series of rules that take effect in 2018. bank investors, the old Seinfeld punchline: “No dividends for you!”. For the bigger banks.

Capital 100

Capital Strategy America Policies 100

PYMNTS

FEBRUARY 10, 2020

regulators, including the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). Thus far, the regulators have not raised any red flags.”. The PRA advised banks in 2018 to “act in a prudent manner” when it comes to crypto assets.

Fintech 205

Fintech cryptocurrency Bitcoin Regulation 205

PYMNTS

NOVEMBER 26, 2019

The Prudential Regulation Authority (PRA), the supervisory arm of the Bank of England (BoE), has fined Citigroup a record-breaking $56.3 million for not completing accurate returns between 2014 and 2018, according to a report by Reuters.

Capital 136

Capital Regulation Meeting Resources 136

PYMNTS

JULY 8, 2020

The Chinese financial services company was valued at $150 billion in a 2018 fundraising round. At the time, Credit Suisse and China International Capital Corp. Also in January, Ant was reportedly seeking a wholesale digital banking license in Singapore , with a capital commitment of $100 million.

Groups 175

Groups Report Capital Regulation 175

PYMNTS

JANUARY 9, 2020

The increased regulatory and capital requirements for China’s P2P lenders should continue to put pressure on the sustainability of business models across the sector in 2020, leading to further industry contraction,” said Katie Chen, director for non bank financial institutions at Fitch Ratings, told the South China Morning Post Tuessday (Jan.

Lending 131

Lending Regulation Capital Industry 131

PYMNTS

SEPTEMBER 4, 2020

Since January, the European Central Bank (ECB), which oversees the biggest European Union lenders, has eased regulations to encourage mergers and reduced the capital requirements for such transactions, the news service reported. The reason is not hard to understand. and Asian rivals.

New York 188

New York Regulation Customer Experience Report 188

PYMNTS

JULY 29, 2019

Proposed regulations would give small businesses in California the nation’s most extensive set of truth-in-lending protections for small business borrowers. . In 2018, California began the journey of establishing lending transparency for small businesses in the state. The comment period for the proposed regulations extends to Sept.

Lending 182

Lending California Comparison Regulation 182

Jeff For Banks

JANUARY 24, 2015

Prediction : The Federal Reserve''s Comprehensive Capital Analysis and Review (CCAR) and its complementary Dodd-Frank Act Stress Testing (DFAST) will meet its intended purpose, to better ensure financial institutions have sufficient capital during times of economic duress. In other words, what''s your well capitalized?

Capital 60

Capital Analysis Regulation Strategy 60

PYMNTS

FEBRUARY 14, 2018

The bank is aiming to get its capital levels to around 10 percent during the next two or three years, noted Reuters. Three board members are on track to be replaced by April and a fourth by the end of 2018. It’s never as fast as I would like, but it’s absolutely occurring.”

Regulation 100

Regulation Conference Compliance Lending 100

PYMNTS

DECEMBER 1, 2019

A source told the Financial Times that Zopa will receive the funds from an entity linked to IAG Capital Partners, a U.S.-based It was given a year to raise regulatory capital, and prove it was financially strong enough to become a bank. based fund, and its U.K. investment vehicle Silverstripe. since its inception.

Digital Banking 142

Digital Banking Capital Regulation Lending 142

PYMNTS

FEBRUARY 14, 2020

Its digital wallet was introduced in October of 2018, enabling users to do things like pay bills, send money internationally and share or transfer money with people they know. Almoayed has helped Moven to deal with rules and regulations for banks in the area. STC Pay also has a partnership with Western Union.

Regional 222

Regional Google Financial Technology Capital 222

PYMNTS

JANUARY 27, 2020

Other than online search, talks between the two groups will likely also focus on whether the Android operating system is another example of potential monopolistic control by Google , as well as the ideal allocation of investigatory labor among federal and state regulators. Thus far, U.S. As of last year, attorneys general from 48 U.S.

Google 130

Google Puerto Rico District of Columbia Meeting 130

PYMNTS

JULY 23, 2019

billion in a new funding round led by the venture capital firm Sequoia Capital. . What they’ve accomplished in achieving both rapid growth and strong unit economics is rare for a company this complex and so early on,” Sequoia Capital partner Roelof Botha said in an email to reporters.

Capital 146

Capital America Regulation Innovation 146

PYMNTS

JULY 24, 2020

Open banking is often associated with the European Union (EU) almost by default as the region pushes the envelope further on regulation than anywhere, partly to encourage — but also to keep up with — imaginative FinTech innovators going to market throughout the Eurozone. Similarities To The EU.

America 168

America Regional Regulation Fintech 168

CFPB Monitor

APRIL 5, 2017

On March 30, Director Cordray gave his annual speech to the United States Chamber of Commerce’s 11th Annual Capital Markets Summit. His prepared remarks focused on the CFPB’s role in adopting regulations. He trumpeted the CFPB’s promulgation of detailed regulations for the mortgage industry.

Regulation 68

Regulation United States Lending Capital 68

PYMNTS

NOVEMBER 18, 2018

Visa , American Express and Mastercard are among the payment companies that are the subject of an inquiry by Brazilian regulators. Bloomberg reported that Visa said it was cooperating with the Brazilian regulators that launched the inquiry in October. earlier in 2018.

Regulation 173

Regulation Payments Meeting Strategy 173

PYMNTS

MARCH 12, 2019

Chinese regulators continue to crack down on shadow and alternative lending: Their latest target is the pawn shop financing space, which is often used by small businesses for quick capital. The inclusive financing division of the China Banking and Insurance Regulatory Commission (CBIRC) is said to be drafting the new regulations.

Regulation 109

Regulation Lending Capital Report 109

PYMNTS

DECEMBER 14, 2018

In other news, “blockchain developer” is the number-one position in LinkedIn’s 2018 U.S. California-based hedge fund Pantera Capital has revealed that it might have to issue refunds to its backers after the U.S. Emerging Jobs Report.

blockchain 155

blockchain Bitcoin Report San Francisco 155