PYMNTS

DECEMBER 20, 2018

Morgan Stanley wants to make it easier to acquire new tech from startups as well as pick up the pace of collaboration amid concerns from FinTechs that partnering with big banks can be slow and expensive. Morgan Stanley also rolled out a portal that employees can use to test technology, noted Reuters. “We

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PYMNTS

DECEMBER 20, 2018

From cash to digital, from plastic cards to mobile wallets, from cash registers at the front of restaurants to tablets brought to tables (redefining the concept of “dine and dash”) — the way we pay shifts along with the availability of technology, and tech shifts as commerce demands new features.

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PYMNTS

JUNE 22, 2020

Apparently, a lot – if you are dealing with Chinese regulators. Ant Financial Services Group has won a green light from Chinese regulators to drop the word “financial” from its name, so it’s goodbye to Ant Financial Services Group and hello to Ant Technology, The Wall Street Journal reports.

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Regulation Groups Fintech Technology 181

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.

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PYMNTS

SEPTEMBER 26, 2016

The newspaper cited Ripple’s use of blockchain technology and the ability of two small banks, one in Canada and one in Germany, to complete cross-border online transactions in record time as an example of the latest banking innovations. But some banks are competing with the FinTechs. trillion in 2014 to $2.3 trillion in 2019.

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Regulation Fintech blockchain Mobile 100

PYMNTS

AUGUST 29, 2019

The twist is, that gap in small business banking innovation led external FinTechs to step in and today, small business banking is a highly competitive, and highly innovative, area of financial services. In India, Visa recently announced a partnership with FinTech Open to introduce new small business banking services. Now, the U.S.

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Fintech Innovation Lending Digital Banking 173

PYMNTS

DECEMBER 12, 2019

The China Securities Regulatory Commission , China’s security watchdog, is setting up a technology regulation bureau and will announce Yao Qian as its new department chief, the Chinese business publication Caijing said on Wednesday (Dec. 11), as reported by Coindesk.

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Bitcoin Fraud Regulation social media 131

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.

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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.

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Fintech Lending United States Regulation 172

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.

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Fintech Payments Meeting Capital 144

PYMNTS

MARCH 8, 2019

FinTech news, it was reported that consumers in the U.K. In fact, in 2018, they did so more than seven times a week via mobile banking apps. The “ State of Mobile 2019 ” shows how apps are taking more command when it comes to global payments and commerce, and how various digital payment technologies can combine to spark larger trends.

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Fintech Mobile Report Trends 130

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.

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Marketing blockchain Compliance Innovation 79

PYMNTS

JANUARY 18, 2019

For short sellers – those who bet that stocks will fall rather than rise – amid Chinese FinTechs , this week has led to big gains. As reported by Bloomberg , a selloff was sparked on Friday among small cap stocks that belong to FinTechs. There are always company-specific considerations at hand when investors bet on or against a stock.

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Fintech Online Groups Lending 133

PYMNTS

JULY 4, 2018

FinTech startups and big tech may provide competition for established banks that have bad loans on the books, The European Banking Authority (EBA) said on Tuesday (July 3). In addition, the EBA said banks might be burdened with old technology, Reuters reported. s exit from the bloc next year.

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Fintech Guidelines blockchain cryptocurrency 105

PYMNTS

MARCH 6, 2018

s exit from the bloc next year, the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region. According to news from Reuters , a document by the European Commission revealed that the law would enable the FinTech sector to grow through crowdfunding and common blockchain technology standards. “An

Fintech 136

Fintech blockchain Maine Guidelines 136

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.

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Regulation cryptocurrency Policies Management 195

CFPB Monitor

SEPTEMBER 17, 2018

Tomorrow, September 18, the Senate Banking Committee will hold a hearing , “Fintech: Examining Digitization, Data, and Technology.” Topics expected to be discussed include data privacy and the Treasury Department’s recent fintech report. In January 2018, the House Financial Services Committee held a hearing on fintech issues.

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Fintech Regulation Data Innovation 68

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

AUGUST 15, 2018

Last week the CFPB announced an initiative to create a Global Financial Innovation Network (GFIN) with 11 other financial regulators and related organizations across the globe. Develop a “global sandbox” for business to consumer (B2C) or business to business (B2B) firms to trial and scale new technologies in multiple jurisdictions.

Regulation 68

Regulation Fintech United States Innovation 68

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.

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cryptocurrency Regulation Fraud Policies 195

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.

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Fintech Conference Survey Regulation 68

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.

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blockchain Bitcoin Regulation New York 102

PYMNTS

MAY 22, 2018

At the top of the list, according to reports, is incoming FinTech disruption, legislation like PSD2, market shifts stemming from Brexit and more. Among the speakers was Graham Taylor, Vodafone’s assistant treasurer, who emphasized the potential for PSD2 regulations to have a profound impact on corporate cash management and payments.

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Fintech Conference Survey Management 122

Insights on Business

MAY 25, 2018

Core to the discussion was how we build platforms: how we make fundamental shifts in our technology, processes, people and ultimately our markets to deliver better customer experiences, build skilled workforces, and solve industry-wide challenges. " – @BrettKing #fintech #RFS2018 pic.twitter.com/iM1p92PV1U. " #RFS2018.

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Technology Training Customer Experience blockchain 93

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.

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Fintech US Lending Cards 80

PYMNTS

JANUARY 11, 2018

According to new research from Magilla Loans , which offers an anonymous search engine data for both home and business loans, a survey of mortgage and business lenders found plans to originate more than half a trillion dollars’ worth of loans in 2018. “Common concerns, such as KYC, are also being allayed by technology.”

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Fintech Lending Trends Operations 126

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.

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Compliance Fintech Marketing Security 109

CFPB Monitor

NOVEMBER 12, 2018

In August 2018, Arizona began accepting applications for its regulatory sandbox that “enables a participant to obtain limited access to Arizona’s market to test innovative financial products or services without first obtaining full state licensure or other authorization that otherwise may be required.” and Sweetbridge NFP, Ltd.,

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Arizona Fintech blockchain New York 60

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.

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Fintech blockchain Lending Digital Banking 183

PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank client preferences have moved toward self-service technologies over branch visits in recent years because of ease of use and improved convenience. Kobe Bryant’s VC Firm Holds More Than $2B in Assets .

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Cards Technology social media Meeting 131

NCR

FEBRUARY 9, 2018

While there are all sorts of suggestions for what banks will need to look out for in 2018, one factor that they may need to pay particularly close attention to is the rise of a new type of competitor – one that will already be familiar to most customers. The post Is 2018 the year for big tech in banking?

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Google Examples Branding Technology 73

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.)

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Wyoming Fintech Arizona Financial Technology 60

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.

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blockchain America Tools Payments 102

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

FEBRUARY 3, 2020

This prospective growth can largely be attributed to the Monetary Authority of Singapore (MAS), the region’s main regulator, which announced in June 2018 that it would grant five digital banking licenses to third-party companies. The news set off a high-stakes race among today’s top global eCommerce, finance and technology players.

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Digital Banking Innovation Maine Regulation 185

PYMNTS

JANUARY 1, 2019

Gerhard Oosthuizen, CTO of Entersekt , contributed the following piece as part of PYMNTS’ 2018 year-end eBook. The moment it got really serious, they said, the regulators would step in and kill it. As 2018 rolled along, bitcoin dipped. How can you compare payment rails with a technology that plays no role in moving money?

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Bitcoin Payments Conference cryptocurrency 168

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. What does this mean?

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Regulation Compliance Analysis Innovation 70