CFPB Monitor

NOVEMBER 16, 2020

The CFPB and the Colorado AG’s Office have announced they will hold joint virtual office hours as part of the American Consumer Financial Innovation Network (ACFIN). The joint virtual office hours will be held on December 2, 2020. Requests must be received by November 23, 2020. . CFPB Director Kathleen L.

Colorado 78

Colorado South Carolina Tennessee Utah 78

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

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

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

JANUARY 21, 2021

Globe Telecom’s financial technology division, Globe Fintech Innovations of the Philippines, notched $175 million in additional venture funding in January. The company, which is headquartered in London, is anticipated to blow past 2020’s valuation of $5 billion by the time it files in the U.K. TransferWise, a U.K.

Policies 149

Policies Payments Groups Bitcoin 149

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

PYMNTS

JUNE 8, 2020

I look forward to working with the Paytronix team to bring its industry-leading innovation, including contactless ordering for table service … to markets around the globe,” said Porter. Porter nabbed the 2016 EY Entrepreneur of the Year Award in the Financial Technology category for the Central Texas region.

Industry 130

Industry Payments Austin Boston 130

PYMNTS

OCTOBER 9, 2020

Company Co-Founder and Partner Dana Settle told Bloomberg that Greycroft plans to use the fresh funds to invest in retail-oriented businesses, although it's also interested in working with health technology, financial technology and grocery-related businesses. Salesforce Ventures . The SPAC Attack.

San Francisco 196

San Francisco Capital United States Big Data 196

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). The remainder of the Sandbox Act is effective January 1, 2020.

Wyoming 60

Wyoming Fintech Arizona Financial Technology 60

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

PYMNTS

DECEMBER 18, 2020

financial executives found that 91 percent were investing in financial technologies intended to help with newly remote operations. The firms were especially interested in deploying automated and advanced learning technologies. Such modernizations could help financial departments process invoices more quickly and easily.”.

Payments 160

Payments Cards Report Tools 160

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

Fintech Labs Insights

DECEMBER 7, 2020

Fintech & Financial Services Event Calendar (full calendar here ). Shift Money is partnering with the Singapore FinTech Festival to connect 60,000 attendees worldwide in one massive financial technology conference to discuss the future of payments, insurance, lending & blockchain. 16: Fintech Junction (virtual).

Conference 15

Conference Fintech Financial Technology Digital Strategies 15

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

PYMNTS

OCTOBER 28, 2020

No one is considering innovations that they want to get around to “someday.”. “In It’s pushing CUs to build out their innovation roadmaps based on the data they have about what their members want, need and are seeking. In these COVID times, we've seen that the concept of just talking about doing lots of things has gone away,” he said.

Payments 151

Payments Fraud Innovation Tools 151

PYMNTS

JANUARY 24, 2020

As is laid out in the January 2020 PYMNTS Disbursements Tracker ®, instant money and alternative payment options are transforming everything from medical claims to how we license images and video. Mastercard teamed up with Galileo Financial Technologies to do the same for freelancers. Now, Please.

Video 132

Video User Experience Payments Study 132

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

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. However, total investment in these startups — venture capital, in addition to angel, hedge fund and mutual fund investment and more — topped $17.8

Strategy 100

Strategy Lending Capital America 100

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

PYMNTS

AUGUST 19, 2016

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.” The Future Of FinTech?

Fintech 100

Fintech Mobile Guidelines System 100

Independent Banker

FEBRUARY 24, 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. Innovation in payments.

Millennials 70

Millennials San Francisco Bitcoin cryptocurrency 70

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

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. Key reasons for this include innovations in the technology industry that offer significant opportunities to financial firms.

Fintech 40

Fintech Innovation Industry Meeting 40

Social Assurance

NOVEMBER 15, 2019

Nebraska Innovation Campus. 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.

Conference 12

Conference Fintech Nebraska Software 12

PYMNTS

JANUARY 15, 2021

Speaking with PYMNTS in a recent interview, Sinead Fitzmaurice , CEO of TransferMate , explained that 2020 was a "game of two halves.". The need to remove friction points is not just a 2020, pandemic-driven need," she said. This has been around for decades.". Finding The New Normal.

Payments 183

Payments Data Tools System 183

Banking 2020

OCTOBER 30, 2015

22, German financial technology provider Number26 rolled out a new program to turn retail outlets into dual-purpose banking hubs. It’s a safe bet that in the near future we’re going to see many more such innovations. So if banks can become other things, why can’t other things—like, say, the post office—become banks?

Community 40

Community United States Survey Millennials 40

PYMNTS

DECEMBER 10, 2019

The seven CUs are Access, Affinity, Assiniboine, Innovation, Prospera, Servus and Steinbach. Cambrian CU will start offering Google Pay later this month and additional credit unions will be added in 2020, the CCUA said.

Google 131

Google Cards Regional System 131

Lex Sokolin

AUGUST 25, 2020

Some of you reading this are heads of innovation at investment banks, pushing forward institutional change. We continue to be enamored with the technology’s ability to create all this stuff on an open source chassis without any traditional financial technology. Humor can highlight dissonance, hypocrisy, and injustice.

Community 52

Community Fintech US cryptocurrency 52

PYMNTS

DECEMBER 13, 2018

Emergent Technology, the financial technology company, announced Thursday (Dec. In a press release , Emergent Technology said that by acquiring Interpay, it will extend the operations of its digital payments business, Emergent Payments, into 70 emerging markets. Terms of the deal were not disclosed.

Technology 108

Technology Taxes Regional America 108

CFPB Monitor

NOVEMBER 22, 2022

Unlike the CFPB which has often given more emphasis to the potential consumer risks of financial technology-related advancements than the potential consumer benefits, the Treasury report takes a more even-handed approach.

Fintech 78

Fintech Report Data Lending 78

Gonzobanker

DECEMBER 19, 2022

Let’s see how this new scale allows for big investments in future innovation. Since taking the reins at MSUFCU in 2015, Clobes has more than doubled the size of the credit union, started a successful service organization (the Reseda Group), built an innovation center (The Lab), and started development of a new digital platform (Nextly).

Community 216

Community Fintech Industry Innovation 216

Fintech Labs Insights

SEPTEMBER 24, 2020

This week we look at Monit , a Boston-based startup innovating in our favorite sector, small biz banking. Funding : $750k per Crunchbase (as Signal Financial Technology). Related: Watch 31 Fintech Demos Named “Best of Show” at Finovate in the Past 16 Months (Sep 2020). Business model : Primarily B2B2C.

Fintech 15

Fintech Boston Tools Innovation 15

PYMNTS

JANUARY 2, 2017

With Phase 2 of the faster payments transition looming, what other technologies could hold promise in the space? In the January issue of the tracker, PYMNTS spoke with Dr. David Evans about the “Kim Kardashian of financial technology” — blockchain — and what to expect from other faster payments technologies.

Retail 123

Retail Millennials blockchain Mobile 123

Fintech Labs Insights

SEPTEMBER 24, 2020

This week we look at Monit , a Boston-based startup innovating in our favorite sector, small biz banking. Funding : $750k per Crunchbase (as Signal Financial Technology). Related: Watch 8 Fintech Startups Pitch at Innovate Finance Pitch360 Finals. Monit explainer (3 minutes). Business model : Primarily B2B2C.

Boston 15

Boston Fintech Tools Innovation 15

Banking 2020

JANUARY 20, 2016

Financial technology innovation is driving and shaping how consumers interact with banks and businesses. Sephora then leveraged this data to create personalized product recommendations, yielding an 8x rate of growth vs the previous year, and a 71% increase in average in-store basket size. Bringing it all together.

Mobile 40

Mobile Millennials Bitcoin Security 40

PYMNTS

JULY 31, 2018

financial technology efforts. In addition, there is increased lawmaker attention to promote innovation among non-bank providers of new payments and payment-related technology, and more consumer concern about online and data security. States, too, need to pull their weight to promote FinTech innovations, the report said.

Fintech 194

Fintech Security US United States 194

Independent Banker

MAY 31, 2022

Such was the case for 2020 accelerator alumni Fintel Connect and Finzly. Anderson: Bank business models need to … focus both on providing a great experience for customers and opening pathways to continuous innovation. But sometimes, unexpected business opportunities arise.

Community Bank 146

Community Bank Community Maryland US 146