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

JULY 23, 2020

Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. This steady march toward online banking tools has played a key role in how Brazil’s regulators are structuring its open banking rules.

America 165

America Regulation Regional Tools 165

Abrigo

MARCH 11, 2022

Expert insights on 10 regulatory topics that NBFIs should consider this year Review this list of what regulators are looking for in 2022 to help your NBFI pass exams with flying colors. Takeaway 3 NBFIs should review common deficiencies in AML programs that regulators are citing and fix issues before their next audit or exam.

Regulation 195

Regulation cryptocurrency Policies Management 195

PYMNTS

JULY 25, 2017

Protecting digital identities is all about keeping up — keeping up with new technology, new regulations and, of course, bad actors. . Meanwhile, Precise Biometrics is hoping to prevent biometrics fraud with a new mobile security suite. With new technology and capabilities comes new regulation. Around the Digital Identity World.

Security 101

Security Report Regulation Course 101

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. British challenger bank Revolut has submitted a banking license application to the U.K.

cryptocurrency 216

cryptocurrency Leadership Bitcoin Fintech 216

PYMNTS

JULY 29, 2019

The debit card was introduced early in 2018 in Europe. Glint Pay is an agent of Sutton Bank , and all of the accounts are regulated by the Federal Deposit Insurance Corporation. Banks aren’t necessarily a secure place for your money,” he said. Glint Pay was started by entrepreneur Jason Cozens. “We percent transaction fee.

Cards 191

Cards Colorado Denver Fintech 191

PYMNTS

JULY 5, 2018

The vast majority of traditional financial institutions (FIs) plan to increase their collaborative efforts with the FinTech world, according to a PwC report published last year. The two-sided benefits of a bank-FinTech collaboration are certainly beneficial to FinTech firms like additiv.

Compliance 109

Compliance Fintech Marketing Security 109

PYMNTS

NOVEMBER 7, 2019

Hong Kong’s chief securities regulator is calling on the world regulators to get on the same page when it comes to Facebook’s Libra to avoid the “real risk of regulatory arbitrage.”. “If In 2018, the crypto world was seen to be of marginal importance to the global financial system.

blockchain 102

blockchain Bitcoin Regulation New York 102

PYMNTS

SEPTEMBER 11, 2019

Fraudsters have been increasingly focused on mobile services, with one-third of all fraud attacks worldwide reportedly targeting mobile during the first half of 2018 — a 24 percent year-over-year increase. Financial services providers must run tight ships when offering mobile services, and various techniques can help keep them secure.

Security 113

Security Fraud Mobile Cards 113

Abrigo

MARCH 7, 2022

Experts weigh in on regulatory hot topics for 2022 Review these 10 insights into what regulators are looking for in 2022 to help your financial institution pass exams with flying colors. Takeaway 1 Regulators have increased their focus on BSA in the first quarter of 2022, and the crisis in Ukraine will put OFAC in the spotlight.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

PYMNTS

NOVEMBER 16, 2020

FinTech with a focus on small businesses secures a restricted banking license. Recognise, a subsidiary of Britain's City of London Group , has been awarded a restricted banking license by regulators in the U.K., Recognise was created in 2018 with a mandate to serve small and medium-sized businesses.

Security 141

Security Samsung Resources Management 141

PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems.

Mobile 229

Mobile Report America Regulation 229

PYMNTS

APRIL 30, 2019

Cross River Bank, a company that provides banking services for FinTechs, has partnered with payments processor and tech provider RS2 Software to provide an improved payment and digital banking experience for its customers, the companies announced. RS2 builds payment solutions for upwards of 14 million merchants.

Digital Banking 179

Digital Banking Payments Software Fintech 179

PYMNTS

APRIL 30, 2018

According to a Crunchbase article published in February of 2018, investments in blockchain and blockchain-related startups (excluding initial coin offerings, or ICOs) were already 40 percent of what they were in 2017. billion in 2018 from $945 million in 2017 and will grow more than 80 percent year over year to reach $9.7 And to learn.

Fintech 183

Fintech blockchain Lending Digital Banking 183

CB Insights

FEBRUARY 20, 2020

In 2018, companies from 31 countries and 19 categories — spanning payments, digital banking, insurance, and more — made it onto the CB Insights 2018 Fintech 250 list. Below, we dive into where the Fintech 250 Class of 2018 startups are now. GET THE 102-PAGE q4 2019 FINTECH TRENDS REPORT. Phone number.

Fintech 80

Fintech US Lending Cards 80

PYMNTS

JANUARY 22, 2019

Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google , which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising.

Payments 195

Payments Regulation Security Data 195

PYMNTS

JANUARY 20, 2021

Generally speaking, that data sharing paves the way for a streamlined banking experience, especially over online and mobile conduits, via regulated providers. In terms of scale, openbanking.org reports that 300 FinTechs and providers have joined the ecosystem, and more than 2.5 million in 2018 to roughly 6 billion in 2020.

Data 188

Data Innovation Fintech Regulation 188

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 Confronting the Chinese Privacy Myth .

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

JULY 4, 2018

The B2B payments market is already enjoying a solid year, thanks to some of the biggest names in payments and FinTech taking a solid stance in the space. Among a flurry of regulatory changes in the payments market, t he Global Data Protection Regulation (GDPR) made a quiet — but long-lasting — impact. GDPR Trips Up Businesses.

blockchain 102

blockchain America Tools Payments 102

PYMNTS

MAY 19, 2019

Wong was in charge from 2007 until 2018. Regulators are working to ensure the funds of credit union members are protected and that services at the credit union aren’t impacted by the problems. As FinTechs and the big banks pour millions of dollars into digital offerings, credit unions are rushing to catch up.

New York 181

New York Security Customer Experience Innovation 181

CFPB Monitor

AUGUST 13, 2018

A portion of the Treasury’s report entitled “ A Financial System That Creates Economic Opportunities, Nonbank Financials, Fintech, and Innovation ,” focuses on payments. ( See our legal alert for a discussion of other portions of the Treasury’s report.). On September 20, 2018, from 12 p.m. Current payment methods. Recommendations.

Report 60

Report Fintech Payments Regulation 60

PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations.

United States 174

United States Regulation cryptocurrency Cleveland 174

PYMNTS

JULY 26, 2017

At the end of the year, a new regulation called the second Payment Services Directive (PSD2) will officially take effect, requiring banks, credit unions, financial institutions and FinTech companies across the continent to change the way they conduct business. The update comes nearly a decade after the first regulation took effect.

Regulation 110

Regulation Fintech Data Security 110

PYMNTS

DECEMBER 14, 2018

They must deliver services that customers and clients demand while securing their personal data. In this month’s Deep Dive, PYMNTS examines how data can improve customers’ experiences, and how regulations can keep their data safe. Other data-focused regulations also went into effect this year. More Data, More Innovation.

Payments 180

Payments Regulation Data Security 180

CFPB Monitor

JUNE 5, 2019

Earlier this year, Wyoming became the second state to create a financial technology (fintech) sandbox by enacting the “ Financial Technology Sandbox Act ” (Sandbox Act). Arizona was the first state to create a fintech sandbox and we will soon be publishing a blog post about Utah’s new fintech sandbox.)

Wyoming 60

Wyoming Fintech Arizona Financial Technology 60

PYMNTS

DECEMBER 27, 2018

Open banking, bank APIs and data sharing flourished in 2018, with small business and corporate financial services squarely in the path of this financial services trend as banks and FinTechs consider new ways to enhance business payments, accounting, treasury and financial management. Yet the trend isn’t without its complications.

Customer Experience 191

Customer Experience Survey Trends Data 191

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

DECEMBER 26, 2018

Open banking didn’t just kick off via PSD2 regulations across Europe and the U.K. Rather, banks around the globe began to understand the potential value in opening up customer data to third-party players, and with more bank APIs emerging in 2018, the year saw a surge in data sharing. based banking analyst in August.

Data 175

Data Regulation America Security 175

PYMNTS

JANUARY 20, 2020

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. Africa’s working-age population is anticipated to go up to nearly one billion by 2030, up from 705 million in 2018, according to the African Development Bank.

Operations 150

Operations Capital Groups Apple 150

PYMNTS

DECEMBER 28, 2018

It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). Financial services regulations are notorious for their complexity and ever-changing demands for financial institutions and corporates, but another fuel for development in the KYC space was the FinTech community.

Compliance 186

Compliance Regulation blockchain Taxes 186

CFPB Monitor

AUGUST 21, 2018

The report raises a number of issues with screen scraping while promoting the benefits of application programming interfaces (APIs) “that allow for the inclusion of robust security features, greater transparency and access controls for consumers, improved data accuracy, and more predictable and manageable information technology costs.”

Data 84

Data Report Regulation Security 84

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

Insights on Business

OCTOBER 15, 2018

The aim of this directive is to promote a secure API economy, lower transaction costs and encourage innovation. To help with the security and standardization of APIs, the UK government has already mandated the nine largest banks to create a working group and define common standards.

Payments 96

Payments Security Fintech Examples 96

PYMNTS

JANUARY 20, 2020

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. Africa’s working-age population is anticipated to go up to nearly one billion by 2030, up from 705 million in 2018, according to the African Development Bank.

Capital 131

Capital Groups Apple Operations 131

PYMNTS

JUNE 26, 2019

Despite the compliance deadline being set back in 2015, many banks that offer application programming interfaces (APIs) to third-party providers and FinTech firms are still unprepared for SCA. Regulations can build trust and goodwill, though. Banks Competing with FinTechs. Merchant partners are also getting up to speed.

California 109

California Regulation Fintech Data 109

PYMNTS

JUNE 6, 2018

Months after rolling out a crypto trading platform , Circle Internet Financial Ltd said it has had early talks with regulators about obtaining a banking license in the U.S. To enable its customers to trade securities, for example, Circle is reportedly seeking to register with the U.S. to transfer money at no cost. this summer.

US 100

US California United States New York 100

Insights on Business

MAY 25, 2018

Transformative technologies like cloud, AI, security, quantum, and blockchain were all discussed, in theory and in practice. Think about that in the context of your branch, the on-boarding process, your KYC practices, your security, your payments system. " – @BrettKing #fintech #RFS2018 pic.twitter.com/iM1p92PV1U.

Technology 93

Technology Training Customer Experience blockchain 93