PYMNTS

DECEMBER 29, 2020

“Though the industry moved to enable interoperability of mobile wallets in 2018, this is limited to only P2P payments, and is yet to be expanded to both merchant and agent interoperability and even to work seamlessly at P2P,” according to the draft of the Kenya National Payments System 2021-2025 report.

National 160

National Policies Mobile Payments 160

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

CFPB Monitor

MARCH 21, 2019

The New York Department of Financial Services has filed a memorandum of law opposing the OCC’s motion to dismiss the NYDFS’s second lawsuit seeking to block the OCC’s issuance of special purpose national bank (SPNB) charters to fintech companies. section 5.20(e)(1))

Fintech 68

Fintech National Regulation New York 68

PYMNTS

MAY 22, 2020

The think tank’s founding members encompass financiers, policymakers, regulators and technologists in addition to select firms such as Cypherium. The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. .

Regional 161

Regional Bitcoin cryptocurrency National 161

PYMNTS

MAY 22, 2020

The think tank’s founding members encompass financiers, policymakers, regulators and technologists in addition to select firms such as Cypherium. The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. .

Regional 140

Regional Bitcoin cryptocurrency National 140

CFPB Monitor

MAY 19, 2022

The Department alleges that 100% of the loans to Connecticut residents originated on the Platform from June 2018 to August 2021 either contained a Lender Tip or a Solo Tip. Consumers are encouraged to offer a Lender Tip in an amount up to 12% of the loan amount and a SoLo Tip of up to 9% of the loan amount.

Connecticut 78

Connecticut Operations Fintech Regulation 78

PYMNTS

NOVEMBER 21, 2017

financial institutions (FIs) have been advised to comply with the EU’s Revised Payment Service Directive (PSD2) regulations despite Brexit, but the U.K. has its own Open Banking initiatives coming into force in 2018, too. As the U.K. ’s entrepreneurs are struggling in today’s financial services climate.

Fintech 115

Fintech Millennials Meeting Innovation 115

PYMNTS

FEBRUARY 24, 2020

The country’s government and regulators are keeping pace with those in the European Union and the U.S. Foreign firms and regulators tend to think of Chinese laws as either too strict, wide-reaching or lax — perceptions that have failed to keep up with local regulations’ developments. “In he remarked. “I

Regulation 160

Regulation Policies Data Compliance 160

CFPB Monitor

JANUARY 19, 2022

federal district court in December 2020 seeking to block the OCC from granting a national bank charter to Figure Technologies Inc. The lawsuit represented the CSBS’s third challenge to the OCC’s authority to issue special purpose national bank (SPNB) charters to non-depository fintech companies or to uninsured deposit-taking fintechs.

Technology 78

Technology National FDIC Fintech 78

CFPB Monitor

FEBRUARY 22, 2019

Earlier this month, the Conference of State Bank Supervisors (CSBS) filed a brief opposing the OCC’s motion to dismiss [link to blog] the second lawsuit filed by CSBS to stop the OCC from issuing special purpose national bank (SPNB) charters to fintech companies. And this may be the primary purpose behind CSBS’s request….”.

Fintech 68

Fintech New York Regulation Conference 68

PYMNTS

MAY 19, 2019

Wong was in charge from 2007 until 2018. The National Credit Union Administration was named as Municipal Credit Union’s conservator, Linda Lacewell, the state’s acting financial services superintendent, told Reuters. million worth of New York State Lottery tickets with the money he embezzled.

New York 181

New York Security Customer Experience Innovation 181

Insights on Business

MARCH 5, 2019

Reducing costs but appeasing regulators seems like an oxymoron, yet, many AML compliance and operations leaders are being asked to do just that. The question is, how to do this, while keeping the regulators happy? Even better, regulators have recently begun encouraging the application of these techniques.

Regulation 70

Regulation Compliance Analysis Innovation 70

PYMNTS

JANUARY 6, 2020

will be expected to open their platforms and application programming interfaces (APIs) to smaller FinTechs and third-party players in ways that comply with PSD2, potentially including SCA. Turkish regulators and government officials spent less time deliberating whether they wanted to implement PSD2 and more considering how to integrate it.

Regulation 131

Regulation Industry Data Regional 131

PYMNTS

APRIL 29, 2019

“Most of the decline [in optimism] was concentrated in assessments of current conditions in the national economy, but future economic prospects remain at the same level as last quarter,” explained University of Michigan Institute for Social Research’s Associate Professor Dr. . Beyond the U.S. ,

Lending 168

Lending Michigan Community National 168

CFPB Monitor

DECEMBER 20, 2018

Vullo, who has served as Superintendent since 2016, has been an aggressive regulator. In September 2018, she made a public announcement stating that the DFS intended to pursue what appeared to be a disparate impact theory arising out of indirect auto finance transactions. Also in September, Ms.

New York 60

New York National Regulation Fintech 60

PYMNTS

DECEMBER 5, 2019

Which has created an opportunity for FinTech players worldwide — but also perhaps a series of unseen risks for Indian consumers. But where banks don’t provide, FinTech innovators rush to fill a vacuum. And, according to Wall Street Journal reports, in 2018 U.S. The Less Consumer Friendly Side of FinTech Lending.

Lending 131

Lending Fintech Regulation Report 131

PYMNTS

FEBRUARY 19, 2019

months in the first half of 2018, from 5.6 The average merger review time at the Office of the Comptroller of the Currency (OCC) declined between 2016 and 2018, too, reports in The Wall Street Journal said. Reports said Powell noted that looser community bank regulations may help keep branches open.

Marketing 108

Marketing Community Community Bank Industry 108

PYMNTS

FEBRUARY 21, 2018

The latest news from the country comes from its government: Chief FinTech Officer of the Monetary Authority of Singapore, Sopnendu Mohanty, said the central bank is about two years out from being able to assess the impact of its current blockchain project, Ubin. United States.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

DECEMBER 27, 2019

With the possible exception of FinTechs that stand to gain from customer defections and perhaps some legacy banking competitors, no one is rooting against the CUs. That help is forthcoming, as in the case of the Central Bank of Ireland , which is changing regulations to favor more CU lending with higher limits. Digital Unison.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

PYMNTS

DECEMBER 30, 2019

Fifty-four countries now have active real-time payment programs, up from 40 countries in 2018. Heavily regulated industries bedevil firms with their multitude of compliance requirements. Find more real-time expansion efforts by FinTechs in the News and Trends section. Bursari Helps Public Schools Adopt Faster Payments.

Payments 130

Payments System Maine Fintech 130

PYMNTS

SEPTEMBER 11, 2019

In addition, passporting can help companies expand services across nations. Last week, money transfer company B2B Pay said it plans to become a regulated financial institution and is raising money to pursue licensure. The company had received an account information service provider license from Danish authorities in 2018.

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

PYMNTS

OCTOBER 21, 2016

Banks may not like it, but the demand is here for faster payments — from businesses, consumers and regulators alike. While they’re apprehensive about the technology, financial institutions are facing pressure to adopt real-time payments capabilities to meet that demand and to comply with new regulations.

Payments 100

Payments Regulation Compliance National 100

PYMNTS

DECEMBER 6, 2017

Collaboration between FinTechs and banks. That includes the ability of faster payments initiatives to address corporate, cross-border transactions in addition to consumer, national transactions, he said. That’s where FinTech comes in. The evolution of blockchain-based services.

Payments 183

Payments blockchain Innovation Fintech 183

PYMNTS

APRIL 30, 2018

National Small Business Week is this week in the U.S., But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too. and finance experts are celebrating with new data on the state of the entrepreneurial community.

Taxes 144

Taxes America National Community 144

Abrigo

DECEMBER 20, 2021

Community financial institutions must take note and evaluate their AML program and correct any deficiencies. Inadequate staffing will not be tolerated, and regulators will not care about your budgetary constraints. The AML Act of 2020 will more than likely overhaul the 2018 CDD rule with stricter beneficial ownership requirements.

Resources 195

Resources Texas Analysis System 195

PYMNTS

AUGUST 7, 2018

Traditional institutions are picking up steam in their efforts to collaborate with alternative financiers and FinTech firms, largely viewed as a way to spin the competition into allies and upgrade their lending services without the burden of in-house R&D. However, the Federal Reserve ‘s latest analysis of the U.S.

Lending 100

Lending Survey National Trends 100

PYMNTS

FEBRUARY 24, 2017

Possibly even a couple of other continents by 2018. In the international market, the past few weeks have also seen a number of propositions and efforts by various global governments, financial regulatory bodies and other organizations to work toward bitcoin regulation. and Minneapolis. “By

Bitcoin 194

Bitcoin St. Louis Las Vegas cryptocurrency 194

PYMNTS

NOVEMBER 22, 2017

The Asia-Pacific region is a rising star in FinTech innovation, but this week, the blockchain spotlight landed on Singapore as more distributed ledger initiatives from the private and public sectors took major steps forward. The nation’s excitement over distributed ledger technology (DLT) cannot be ignored.

blockchain 134

blockchain Fintech Innovation Report 134

PYMNTS

JULY 27, 2018

solidified their reputations as having progressive views on data security and ownership with the PSD2 and GDPR regulations that came into effect earlier this year. That doesn’t mean enhanced data privacy, security and sharing aren’t in the cards for the nation’s financial services space, though. Europe and the U.K.

Data 102

Data US Trends California 102

CB Insights

FEBRUARY 20, 2018

Earlier this year, US regulators blocked what would have been a massive $1.2B Fintech: 2017 Year-in-Review & 2018 Trends. In the briefing we’ll highlight 2017 trends and explore what’s ahead for fintech in 2018, looking across payments, wealth management, insurance, and more.

US 42

US United States Minneapolis Regulation 42

PYMNTS

DECEMBER 14, 2018

Among those agencies, alphabetically speaking: the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the Financial Crimes Enforcement Network (FinCEN) and the National Credit Union Administration.

Compliance 148

Compliance Innovation FDIC Examples 148

PYMNTS

MARCH 12, 2019

On Monday (March 11), reports in Reuters revealed three of the nation’s largest traditional banks — including RBS — are now collaborating on a new project aimed at linking small business customers to physical “hubs.” But there is another trend disrupting small business banking in the U.K., published late last year.

Metro 139

Metro Community Industry National 139

Fintech Labs Insights

SEPTEMBER 21, 2020

The UK-based independent fintech industry group attracted 100 entries resulting in 22 finalists across 8 categories, 8 category winners and one overall champion. Customers: Shell, KLM, United Nations, Toyota, SITA, Lloyds Register and a range of technology startups. Founded: 2018. 10M July 2019 $3M July 2018 $400k Aug 201.

Innovation 15

Innovation Fintech blockchain Capital 15

CFPB Monitor

MAY 16, 2019

The Office of the Comptroller of the Currency (OCC) has opened its own “sandbox” through a Proposed Innovation Pilot Program (Program) designed to promote its innovation initiatives, add value through proactive supervision, and continue its objective to lead fintech innovation expansion. The OCC Program.

Innovation 68

Innovation Tools Fintech National 68

PYMNTS

AUGUST 6, 2018

Apple got pushed out of the number-two spot in terms of smartphone shipments for the Q2 of 2018, according to market research firm International Data Corporation (IDC). Authorities have reportedly taken notice — regulators in-nation have been moving to limit the markets Ant can pursue. percent decline year over year. “It

Apple 100

Apple Samsung Cards Marketing 100

Insights on Business

OCTOBER 17, 2018

Ten speakers on stage at Sibos 2018. In today’s financial services industry, issues ranging from new regulations to unforeseen competitive pressures are placing ever-growing pressure on traditional banking institutions to move toward open banking models. A playlist of IBM videos at Sibos (will be updated daily during the event).

blockchain 110

blockchain Video Compliance Meeting 110

PYMNTS

JANUARY 31, 2020

Mastercard ’s drive to scale digital payments across the ecosystem has led the payments network to find new ways to help FinTechs participate. Amazon’s last official update was in April of 2018, when it reported more than 100 million members in the program. 29), has Penn National Gaming Inc.

Cards 131

Cards Technology social media Meeting 131