PYMNTS

MARCH 17, 2019

The People’s Bank of China (PBOC) announced that it is planning to steadily develop a system of rules to regulate financial technology (FinTech) in the country. China has become an emerging FinTech market due to its expanding middle class, rapid digitization and electronic payments adoption.

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Regulation Fintech Phoenix Risk Management 192

PYMNTS

JANUARY 29, 2019

Financial technology startups were able to raise $39.57 On Monday (January 28) Acorns , the FinTech that helps users invest spare change, announced a Series E found of funding that gives it a valuation of $860 million, pushing it nearer to unicorn status. FinTechs brought in $11.89 In the U.S. billion, also a record.

Fintech 184

Fintech Capital Financial Technology Report 184

PYMNTS

AUGUST 28, 2019

In China, the central bank has said that it will offer up a three-year development plan for the domestic FinTech sector. The reports state that the FinTech firms in that country “should take the approach of [Chinese president] Xi Jinping’s socialism with Chinese characteristics in the new era as the guide.”

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Fintech Analysis Guidelines Data 172

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.

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Lending Fintech Data Wyoming 150

Let's Talk Payments

NOVEMBER 17, 2019

MEDICI and Open Financial Technologies together released an in-depth 40+ page report on Banking-as-a-Service on October 11, 2019, at the Singapore FinTech Festival. Read more

Report 52

Report Financial Technology Fintech Technology 52

PYMNTS

DECEMBER 17, 2018

A financial technology company called B-Social has raised £3.2 The FinTech is aiming for a bigger U.K. launch in February of 2019. “We We recognise that almost all financial transactions are inherently social,” B-Social CEO Nazim Valimahomed said. “We

Fintech 176

Fintech Groups Lending Financial Technology 176

CFPB Monitor

FEBRUARY 28, 2019

on March 14, 2019. The notices indicate that each of the groups “will discuss policy issues related to financial technology and other trends and themes in consumer finance.”. All of the meetings are scheduled to take place at the same time, thus suggesting that the groups will hold a combined meeting.

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Meeting Groups Washington Community Bank 68

PYMNTS

JANUARY 17, 2019

Financial technology services company WEX is going to acquire Discovery Benefits (DBI) , an employee benefits administrator, the company announced on Thursday (Jan. The transaction will close in Q1 of 2019, and is subject to regulatory approvals and the expected closing conditions.

Fintech 162

Fintech Taxes Technology Financial Technology 162

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

CFPB Monitor

NOVEMBER 20, 2019

The Task Force on Financial Technology of the House Financial Services Committee has scheduled a hearing entitled “ Banking on Your Data: The Role of Big Data in Financial Services ” on November 21, 2019. The scheduled witnesses include: Ms.

Big Data 60

Big Data Financial Technology Data Technology 60

CB Insights

NOVEMBER 21, 2019

While deals and dollars slowed to Canadian startups in the first half of 2019, early-stage startup activity suggests that there’s more to the story. GET THE ENTIRE 41-PAGE CANADA VC REPORT H1 2019. Canadian VC-backed companies saw funding drop 13% in H1 2019 compared to H1 2018. The 2019 Canadian fintech market map.

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Fintech Marketing US Technology 93

Jack Henry

DECEMBER 28, 2018

With rapid-fire changes in how we invest, borrow and save; how financial institutions control risk; and how financial institutions (FIs) analyze data and control lending, the financial technology, or fintech, market is bringing significant disruption to the $8.5 financial services industry. trillion U.S.

Industry 60

Industry Trends Lending Financial Technology 60

CFPB Monitor

JULY 25, 2019

Linda Lacewell, the recently confirmed Superintendent of the New York Department of Financial Services , detailed in a recent interview that she will prioritize fintech and consumer protection. These changes indicate that NYDFS will compete with the FTC and the CFPB to be the leading regulator in the fintech space.

Innovation 60

Innovation Fintech New York Policies 60

CB Insights

APRIL 22, 2020

GET THE 102-PAGE State of fintech REPORT. Nearly 50% of 2019 funding was concentrated in 83 mega-rounds ($100M+) totaling $17.2B. Below, we dig into how the financial difficulties that many SMBs face could impact fintech companies (especially B2B fintech startups). Download the free report for all the details.

Fintech 87

Fintech Lending Online Examples 87

PYMNTS

JULY 26, 2020

The announcement by the Consumer Financial Protection Bureau ( CFPB ) comes on the heels of a symposium it held in February which included experts from consumer groups, financial technology (FinTech) companies, trade groups, banks and data aggregators.

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Data Google Fintech Groups 173

PYMNTS

DECEMBER 4, 2019

Accounts payable FinTech Finexio has announced $2.5 “Having the financial support and domain expertise of senior financial technology and banking executives will help us execute our vision even more rapidly, with the added benefit of experience, perspective and long-term relationships,” he added.

Fintech 130

Fintech Payments Financial Technology Industry 130

PYMNTS

JUNE 29, 2020

“We cannot lift the restrictions without reassuring ourselves that the firm has been able to satisfy all our concerns, for example that all clients’ money is safe,” the Financial Conduct Authority (FCA) said in a statement. “We We hope to be able to issue an update soon.”. authorities.

Taxes 223

Taxes Report Financial Technology Digital Banking 223

PYMNTS

SEPTEMBER 24, 2019

The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth A. Blanco, gave a speech at the 2019 Federal Identity (FedID) Forum and Exposition on Tuesday (Sept. 24), to talk about digital identity today, how safe it is and what the agency is doing to protect it against financial crimes, according to prepared remarks. .

Fraud 178

Fraud Cards Fintech Compliance 178

CFPB Monitor

JANUARY 9, 2020

The CFPB announced ACFIN’s creation last September, in conjunction with finalizing revisions to its trial disclosures and no-action letter policies and its proposal to create a new fintech sandbox policy.

Utah 78

Utah South Carolina Tennessee Arizona 78

PYMNTS

JUNE 25, 2020

Boost Payment Solutions , a global provider of B2B payment technologies, announced a strategic collaboration with BMO Harris Bank on Thursday (June 25). The New York-based financial technology company has teamed with BMO Harris Bank to deliver integrated, automated processing for its corporate card customers.

Payments 130

Payments United States Chicago Cards 130

PYMNTS

JUNE 8, 2020

Founded in 2005, the FinTech AffiniPay now processes over $6 billion annually on behalf of 150,000 professionals, according to a news release announcing the appointment. Porter nabbed the 2016 EY Entrepreneur of the Year Award in the Financial Technology category for the Central Texas region. For its part, Newton, Mass.-based

Industry 130

Industry Payments Austin Boston 130

PYMNTS

NOVEMBER 3, 2019

FinTech company SPEZA announced that it will be able to accept China’s Digital Currency Electronic Payment (DCEP), the world’s first sovereign digital currency. And just last week, the People’s Bank of China announced that it will certify 11 types of financial technology hardware and software used for digital payment and blockchain services.

blockchain 101

blockchain Software Fintech Maine 101

PYMNTS

JANUARY 17, 2020

percent in 2019, the lowest growth rate in the country since 1990. Far Point Acquisition — which focuses on financial technology deals —said it would buy Global Blue, a payments company based in Switzerland, for $2.6 China Posts Worst Slowdown In Nearly Three Decades. China’s economy grew by 6.1 Alphabet Market Cap Hits $1T.

Marketing 130

Marketing Fraud Payments Apple 130

PYMNTS

MAY 27, 2020

CEO Anthony Noto told CNBC’s “Squawk on the Street” that the FinTech company’s investing platform has seen a significant uptick in user numbers since January. Since then, it has expanded its financial products to offer personal and mortgage loans. In 2019, it launched SoFi Invest and SoFi Money, a cash management account.

Samsung 131

Samsung San Francisco National Millennials 131

CFPB Monitor

JULY 15, 2021

GreenSky partners with banks to offer a consumer financing and payments program in which GreenSky provides point-of-sale financial technology and payments technology, and performs origination and servicing activities. The consent order requires GreenSky to refund or cancel up to $9 million in point-of-sale loans and pay a $2.5

Company 78

Company Training Fintech Online 78

PYMNTS

FEBRUARY 15, 2019

challenger banking market saw a flurry of venture capital (VC) activity this week, as FinTech firms aim to disrupt small business (SMB) financial services (FinServ). Open Financial Technologies. India’s Open Financial Technologies raised $4.6 Chainalysis also plans to open an office in the U.K

Capital 122

Capital cryptocurrency Operations Financial Technology 122

Independent Banker

MAY 31, 2022

Both Fintel Connect and Finzly are about democratizing access to best-in-class fintech solutions, so banks don’t have to rely on expensive, complex, difficult-to-deploy solutions. Anderson: Bank business models need to … focus both on providing a great experience for customers and opening pathways to continuous innovation.

Community Bank 146

Community Bank Community Maryland US 146

PYMNTS

JANUARY 16, 2020

To that end, Far Point Acquisition – which operates as a “blank check” company that focuses on financial technology deals – said on Thursday (Jan. The announcement comes on the heels of Visa’s announcement that it would buy FinTech firm Plaid for $5.3

Payments 100

Payments Taxes Groups Fintech 100

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. The only direction now is scale, scale, scale!

Fintech 195

Fintech Community Regional Technology 195

CFPB Monitor

JANUARY 25, 2021

Per the Utah Department of Financial Institutions website, Rakuten Bank America’s application for a Utah ILC charter was received on July 26, 2019 and remains pending. . Rakuten’s first FDIC deposit insurance application was filed in July 2019, and was withdrawn in March 2020. based bank, Rakuten Bank America.

FDIC 78

FDIC Utah America Financial Technology 78

PYMNTS

JANUARY 3, 2020

JPMorgan Ups Security By Blocking FinTechs From Passwords. The downside of data sharing has come full circle as JPMorgan Chase aims for enhanced protection by stopping FinTech apps from accessing the passwords of clients. 52 Monday Conversations About Payments In 2019. Who Won 2019’s Race For The Consumer’s Whole Paycheck.

Payments 108

Payments Samsung America Trends 108

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. Visa Tests B2B Connect.

blockchain 134

blockchain Fintech Innovation Report 134

Fintech Labs Insights

DECEMBER 7, 2020

At FintechLIVE , we maintain a list of 21st-century fintech unicorns* updated monthly (full list here ). But we achieved a new milestone surpassing the $1 TRILLION-mark in total valuation among the 120 public and private financial technology companies. Full Fintech Unicorn list (values as of 2 Dec 2020). Ant Technology.

United States 15

United States Fintech Portland Oregon 15

CFPB Monitor

SEPTEMBER 24, 2020

The launch of this program follows the “One Company, One Exam” pilot conducted in 2019 – 2020. Earlier in the year, the CSBS released a report tracking its progress on initiatives to streamline state licensing and supervision of financial technology companies, informed by recommendations of the CSBS Fintech Industry Advisory Panel.

Regulation 60

Regulation Payments cryptocurrency Conference 60

PYMNTS

APRIL 10, 2020

Apple Pay’s usage rate declined modestly from 2019 and to an even greater extent from late 2017, when it peaked at 6.9 Usage of Walmart Pay declined to an even greater degree since 2019, from 4.5 There are a lot of unknowns, Burkhart said, but trendlines are certainly emerging, particularly in financial services. percent to 3.3

Mobile 170

Mobile Payments Cards Branding 170

PYMNTS

DECEMBER 4, 2018

driven by economic strength, government policy and continued efforts among the financial technology (FinTech) and financial services (FinServ) communities to introduce new tools for entrepreneurs — to make running their businesses easier, more efficient and more profitable.

America 125

America social media National Policies 125

PYMNTS

OCTOBER 16, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies. Between $800 billion and $2 trillion USD is laundered each year, according to the United Nations Office on Drugs and Crime.

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Compliance Fraud Study Digital Banking 123