Payments Source

JANUARY 12, 2021

billion acquisition of terminal and payments technology provider Ingenico last February marked the most notable payments transaction in 2020, according to the annual mergers and acquisitions data of the financial technology industry report from investment bank Berkery Noyes. Worldline's $10.9

Report 67

Report Fintech Financial Technology Industry 67

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

AUGUST 12, 2020

Mastercard is expanding its Accelerate financial technology (FinTech) portfolio and is adding 11 companies to its Start Path startup engagement program, according to a Wednesday (Aug. The company said its efforts recognize “the important role FinTechs play in the world’s rapid digital transformation.”. 12) announcement.

Fintech 163

Fintech Innovation cryptocurrency blockchain 163

Payments Source

JULY 20, 2020

Business models and adaptability will determine the success — or failure — of financial technology companies as they deal with fallout from the coronavirus outbreak.

Fintech 106

Fintech Financial Technology Technology Company 106

Fintech Labs Insights

DECEMBER 7, 2020

As the year (finally) winds down, it’s not too late to take in a fintech event with 6 coming up this week and next. While most conferences are waiting for more info on COVID and vaccines before committing to 2021 dates, we will keep you up-to-date on all the events, virtual and hopefully the other kind on our Fintech Conference Calender.

Conference 15

Conference Fintech Digital Strategies Financial Technology 15

PYMNTS

JANUARY 21, 2021

Globe Telecom’s financial technology division, Globe Fintech Innovations of the Philippines, notched $175 million in additional venture funding in January. Globe Fintech, which is called Mynt, is said to be now looking for more funding — and aiming to get a valuation in excess of $1 billion. TransferWise, a U.K.

Policies 149

Policies Payments Groups Bitcoin 149

PYMNTS

OCTOBER 1, 2020

In today’s top payments news around the world, the United Kingdom may clamp down on late payments to suppliers, while South Korean FinTech Kakao Pay is reportedly gearing up for an initial public offering (IPO). It is working with over 20 financial institutions to create the service. Korean FinTech Kakao Pay Preps For IPO.

Payments 130

Payments Fintech Google Financial Technology 130

American Banker

JULY 20, 2020

Business models and adaptability will determine the success — or failure — of financial technology companies as they deal with fallout from the coronavirus outbreak.

Fintech 75

Fintech Financial Technology Technology Company 75

Independent Banker

FEBRUARY 29, 2020

“Today’s technology environment opens the door to a world of opportunity for community bankers.”. Welcome to Independent Banker’s ICBA LIVE 2020 issue! As a child, the concept of the year 2020 seemed so far-fetched. In addition to attending ICBA LIVE 2020, I’ll be traveling to La Jolla, Calif., Where I’ll be this month.

Community Bank 155

Community Bank Community Technology Customer Experience 155

CFPB Monitor

NOVEMBER 16, 2020

The joint virtual office hours will be held on December 2, 2020. The CFPB announced ACFIN’ s creation last year, in conjunction with finalizing revisions to its trial disclosures and no-action letter policies and its proposal to create a new fintech sandbox policy. Requests must be received by November 23, 2020. .

Colorado 78

Colorado South Carolina Tennessee Utah 78

PYMNTS

AUGUST 19, 2016

The Future Of FinTech? Japan’s Financial Services Agency (FSA) announced its own plan to boost the FinTech market by making it easier for companies to collaborate with the financial technology industry. “FinTech will have a big impact on financial services.” Making Startups Thrive.

Fintech 100

Fintech Mobile Guidelines System 100

PYMNTS

JANUARY 17, 2020

Far Point Acquisition — which focuses on financial technology deals —said it would buy Global Blue, a payments company based in Switzerland, for $2.6 The second full week of 2020 is in full swing. Only two weeks into 2020, mergers and deal-making in payments, specifically within digital payments and FinTech, are sizzling.

Marketing 130

Marketing Fraud Payments Apple 130

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).

United States 15

United States Fintech Portland Oregon 15

PYMNTS

OCTOBER 22, 2020

A major provider of financial technology to banks, Mitek Systems said its digital identity verification software will now incorporate near-field communication (NFC) technology as well. Mitek, a top developer of digital identity verification and mobile check deposit technology, announced on Thursday (Oct.

Technology 134

Technology Comparison Security Customer Experience 134

CFPB Monitor

JANUARY 9, 2020

The CFPB and Utah AG’s Office have announced that they will hold the first joint office hours as part of the American Consumer Financial Innovation Network (ACFIN). The joint office hours will be held on January 30, 2020 in Salt Lake City, Utah.

Utah 78

Utah South Carolina Tennessee Arizona 78

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

CFPB Monitor

JANUARY 13, 2020

Governor Newsom’s proposals are part of his 2020-2021 proposed budget. Establishing a new Financial Technology Innovation Office. million Financial Protection Fund and 44 positions in 2020-21, growing to $19.3 Governor Cuomo’s proposals are part of his 2020 State of the State agenda. California.

CA 78

CA California New York Regulation 78

CFPB Monitor

JULY 15, 2021

The Federal Reserve, FDIC, and OCC have released proposed guidance for banking organizations on managing risks associated with third-party relationships, including relationships with financial technology-focused entities such as bank/fintech sponsorship arrangements.

Risk Management 78

Risk Management Management FDIC Compliance 78

PYMNTS

OCTOBER 30, 2019

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. In other news, the Korea Internet & Security Agency (KISA) announced that it plans to support blockchain-related projects in 2020 with 10.5

blockchain 101

blockchain Bitcoin Security Software 101

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.

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FDIC Utah America Financial Technology 78

PYMNTS

MARCH 2, 2020

It’s one of the themes explored in the February 2020 Digital-First Banking Tracker® , done in collaboration with NCR Corporation. We’ve all heard that millennials, for example, think of bank branches as a vestiges of another century with little relevance to their financial lives. Is that what people really want?

ATM 191

ATM Millennials Retail Video 191

CFPB Monitor

JANUARY 12, 2021

The DFPI is “preparing to open a new Office of Financial Technology Innovation that will engage with new industries and consumer advocates to encourage consumer friendly innovation and job creation in California. To enable the DFPI to carry out its plans, the DFPI is expected to significantly expand its staffing this year.

Exercises 127

Exercises California Innovation Financial Technology 127

Banking 2020

NOVEMBER 30, 2015

Banking institutions must engage with emerging financial technology (FinTech) companies or risk being left behind by an industry that is currently undergoing one of the largest transformations ever seen. Sink or swim. Banks are at a crossroads with payments.

Fintech 40

Fintech Innovation Industry Meeting 40

CFPB Monitor

SEPTEMBER 8, 2020

Ballard Spahr to hold webinar on this legislation on September 29, 2020. We previously wrote about California Governor Newsom’s 2020-2021 Budget and an accompanying trailer bill that would rename the Department of Business Oversight (“DBO”) and significantly increase its ability to oversee financial services providers in the state.

California 78

California Innovation Regulation Report 78

PYMNTS

JUNE 18, 2019

to fully embrace real-time payments for both B2B and B2C activity,” Bottomline Technologies Vice President of Product Management and Strategic Solutions Jessica Cheney told PYMNTS in a recent interview , pointing to the previous rollout of Same-Day ACH and an acceleration of FinTech innovation in the country.

US 119

US Massachusetts Tools Payments 119

PYMNTS

NOVEMBER 21, 2016

billion was invested in FinTech startups in Q3 2016 , calculated KPMG and CB Insights in their most recent Pulse Of Fintech report. Researchers agreed that this shows a continually high level of interest in the financial technology and innovation space among investors, despite the overall drop in VC funding. 83% of U.S.

Strategy 100

Strategy Lending Capital America 100

PYMNTS

OCTOBER 28, 2020

It is also why CO-OP is purposefully investing in its ecosystem of products and financial technology services that will help CUs close some of those digital and payments gaps he spoke of. But the competition to provide effortless, frictionless tools for members’ everyday spend and the rest of their financial lives is heating up.

Payments 151

Payments Fraud Innovation Tools 151

Social Assurance

NOVEMBER 15, 2019

This week, the inaugural Flyover Fintech conference was held at the University of Nebraska–Lincoln’s Nebraska Innovation Campus. The goal of this conference was to bring together entrepreneurial innovators, financial services leaders and key policymakers to the center of everything fintech. Key Takeaways. Send Me Updates.

Conference 12

Conference Fintech Nebraska Software 12

Independent Banker

FEBRUARY 24, 2016

Three ways millennials could accelerate FinTech trends in 2016. When it comes to finance, millennials are a generation known to be conservative in spending and distrustful of financial institutions. Thus, it’s not shocking that millennials are a driving factor in the growing financial technology, or FinTech, movement.

Millennials 70

Millennials San Francisco Bitcoin cryptocurrency 70

William Mills

FEBRUARY 7, 2017

Key trends in this year’s report include the continued evolution of payments technology, increased adoption of self-service and innovative branch automation technology, and further enhancements to mobile banking – all converging as part of an overlying strategy to improve the customer experience. Download the full report here.

Report 40

Report social media Customer Experience Industry 40

CFPB Monitor

NOVEMBER 22, 2022

That Order directed the Secretary of the Treasury to issue a report assessing how the entry of large technology firms and other non-banks into consumer finance markets has affected competition.

Fintech 78

Fintech Report Data Lending 78

PYMNTS

JUNE 27, 2019

The goal is to become one of the most valuable financial technology startups in the world as it eyes a region-wide expansion and seeks a valuation between $8 billion and $10 billion, according to reports in Recode. While Nubank is far from a household name in the U.S., And, according to Nubank, it’s just getting started.

blockchain 147

blockchain Payments Regional America 147

Lex Sokolin

AUGUST 25, 2020

Some of you are working on building a new Fintech company, using the leverage of Silicon Valley to remake an economic order under new rules. Software companies are realizing that monetizing through financial products can double or triple their total addressable market. Whereas Fintech is a bridge?—?trying Bain and Andreessen.

Community 52

Community Fintech US cryptocurrency 52

CFPB Monitor

JULY 21, 2022

Of course, the sweeping AML Act of 2020 was passed because it also was tucked into the massive defense spending authorization bill for that year—so backers of BSA/AML expansion appear to be reverting to tactics which previously bore fruit.

United States 78

United States Taxes Regulation Compliance 78

Lex Sokolin

OCTOBER 21, 2020

Thus the current Fintech obsession with Buy-Now-Pay-Later companies like Klarna and Affirm ( going public ), which lever up these marketplaces with credit. According to Ball, over 50 million games have been built, of which 20 have more than a *billion* plays, and developers will earn $250 million from the platform in 2020.

Community 52

Community Video blockchain Maine 52

Banking 2020

DECEMBER 3, 2015

Financial services organisations in China are expected to shine a light for the rest of the world when it comes to innovation in the banking sector in the coming years, with the primary drivers being non-traditional companies that are looking to develop new payment solutions and platforms. ”

Innovation 40

Innovation Payments Lending Financial Technology 40

Fintech Labs Insights

APRIL 4, 2017

The company’s Japanese arm landed a major partnership today with China-based Tencent Financial Technology, the parent company of WeChat Pay services. InComm’s POSA technology leverages WeChat Pay-issued barcodes to enable users to make payments at the point of sale at more than 50,000 retail locations in Japan.

Atlanta 14

Atlanta Retail Financial Technology Technology 14