CFPB Monitor

SEPTEMBER 22, 2020

We are delighted to share the news that Ballard Spahr has been named a finalist for the 2020 LendIt Fintech Top Law Firm Industry Award. The award is presented to a law firm that has demonstrated deep expertise, commitment to clients, and the fostering of a deeper understanding of fintech.

Fintech 78

Fintech Industry National Groups 78

PYMNTS

JANUARY 18, 2018

Regulation has undoubtedly acted as a catalyst to major financial services trends in areas like small business (SMB) lending, faster payments and, most recently, open banking and collaboration with FinTechs. According to the results, banks argue that innovation, not just regulation, is behind the wheel of progress. Optimism Up.

Regulation 156

Regulation Innovation Fintech Marketing 156

PYMNTS

NOVEMBER 27, 2020

Compliance with financial regulations market-to-market around the globe is increasingly automated yet relies on the same human emotion that undergirds all forms of exchange: trust. In other words, banks and financial institutions (FIs) have an obligation to make sure you are who you claim to be. Seeing’ Identity More Clearly With AI, ML.

Compliance 198

Compliance Regulation Payments Study 198

PYMNTS

NOVEMBER 3, 2020

The Shanghai Stock Exchange is delaying Ant Group’s record initial public offering (IPO) following Jack Ma’s meeting with Chinese regulators, according to a Wall Street Journal (WSJ) report on Tuesday (Nov. Some critics have pointed to the fact that Ant just changed its name in 2020 from Ant Financial. The IPO is expected to raise $34.4

Groups 169

Groups Regulation Meeting Fintech 169

PYMNTS

OCTOBER 6, 2020

Singapore-based FinTech platform Nium is expanding into the Middle East, the company announced on Monday (Oct. FinTech across the Middle East is also set to grow at a compounded annual growth rate of 30 percent, and expected to raise over $2 billion in venture capital funding by 2020.".

Fintech 174

Fintech Regional Fraud Meeting 174

Perficient

JUNE 30, 2022

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets – Perficient Blogs. Legislative Initiatives.

cryptocurrency 472

cryptocurrency Regulation Conference Taxes 472

Perficient

DECEMBER 27, 2023

Navigating AML and OFAC Compliance Risks Regarding anti-money laundering (AML) and Office of Foreign Assets Control (OFAC) compliance risks, bank executives must navigate operational and compliance challenges tied to fintech relationships. Manage third-party risks, especially for relationships involving higher-risk or critical activities.

Compliance 221

Compliance FDIC Regulation Fraud 221

PYMNTS

OCTOBER 16, 2018

In the coexisting — and sometimes colliding — worlds of FinTech and traditional financial services, a bit of collaboration often evolves. As reported by Bloomberg , the regulator at the helm of Singapore’s financials has embraced an effort to “bring together” FinTech firms and banks there.

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Fintech Regulation cryptocurrency Innovation 188

BankInovation

OCTOBER 1, 2020

The Federal Deposit Insurance Corporation (FDIC) has taken steps to promote fintech partnerships and diversity and inclusion within the financial services industry, both internally at the FDIC and among the institutions it regulates, FDIC Chairwoman Jelena McWilliams said during the LendIt Fintech USA 2020 conference Wednesday.

FDIC 98

FDIC Fintech Innovation Conference 98

Gonzobanker

JANUARY 17, 2020

Well GonzoBankers, the gang is back to work and we are all headed face-first into 2020 – a year with more uncertainty than most about how things will turn out. So, to get your Gonzo executive brains warmed up for a new year, I offer you 20 important banking realities for 2020 to guide your strategic execution efforts: 1.

Customer Experience 126

Customer Experience Fintech Regional Cards 126

PYMNTS

FEBRUARY 15, 2018

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. That comes as Open Banking bowed in Europe last month.

Washington 101

Washington Regulation Conference Fintech 101

PYMNTS

NOVEMBER 29, 2018

As evidence that sandboxes are ever-increasingly a global phenomenon, Kuwait’s central bank put forth guidelines this week that are geared toward companies seeking to meld financial technology (FinTech) and financial services (FinServ). As previously reported, Saudi Arabia has trained sights on FinTech as well, specifically in Riyadh.

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Fintech Guidelines Mobile Training 167

PYMNTS

JANUARY 14, 2019

Vietnam wants to be a cashless society, according to a report in Financial Times , but bank regulations are hindering the country’s ability to do so. The government recently set a goal to reduce cash transactions in urban households in half by 2020.

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Regulation Payments Compliance Maine 123

PYMNTS

FEBRUARY 7, 2020

As he said, the patient and provider information that is required to satisfy regulations for healthcare disbursements is increasingly being collected, stored and disseminated digitally. As long as we are in a digital environment, then [payments] look a lot like the rest of FinTech or treasury banks or the gig economy,” he told Webster. “I

Payments 164

Payments Data System Security 164

BankInovation

OCTOBER 5, 2020

Banks are being challenged to meet the evolving payments needs of their fintech clients. During a Sibos panel today, “Friction or fiction: Compliance in a real-time world,” bank executives from JPMorgan Chase, Citibank and HSBC discussed the challenges inherent in facilitating payments for fintechs. “We

Meeting 97

Meeting Fintech Payments Compliance 97

PYMNTS

JUNE 21, 2019

s $9 billion FinTech sector in the face of Brexit, Reuters reported. The Governor’s promise to go further by opening (the BoE) balance sheet and access to the payments system could further cement London’s role as a key international FinTech hub,” said Margaret Doyle, a partner and the chief of financial services insights at Deloitte.

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Fintech System cryptocurrency Payments 134

CFPB Monitor

NOVEMBER 16, 2020

On December 9-10, 2020, the Conference on Consumer Finance Law and the Program on Financial Regulation & Technology at George Mason University’s Scalia Law School is sponsoring a webinar that will examine emerging issues in the areas of fintech and consumer finance. The full webinar agenda is available here.

Fintech 78

Fintech social media Big Data Conference 78

Payments Source

OCTOBER 2, 2020

Senate hangs in the balance in the upcoming election, with the outcome determining the direction of laws and regulations that can have a profound impact on financial services, technology, fintech and payments innovation. Control of the U.S.

Fintech 108

Fintech Regulation Innovation Technology 108

PYMNTS

SEPTEMBER 2, 2020

Last month, Bloomberg News reported if Nuvei’s application to go public gets the green light from regulators, it could be the largest Canadian technology IPO of 2020. The lead underwriter for the offering is Goldman Sachs Canada in cooperation with book managers Credit Suisse Securities Canada Inc, BMO Nesbitt Burns Inc.

Payments 229

Payments Fintech Security Technology 229

CB Insights

JUNE 29, 2020

The first quarter of 2020 was difficult for the financial services sector. Fintech funding stalled amid the Covid-19 pandemic as investors largely pulled back. Free Download: State of Fintech q1’20. Below, we answer some of our readers’ most pressing questions from the webinar on the state of fintech.

Fintech 101

Fintech Regulation cryptocurrency Policies 101

CFPB Monitor

OCTOBER 26, 2022

The cross-complaint explains that “[b]ecause DFPI did not submit its ‘true lender doctrine’ to the APA’s rule making process, it is invalid as an ‘underground regulation’ and cannot be enforced.” violated the rulemaking requirements of the APA and is therefore invalid.”.

Regulation 78

Regulation California Meeting Innovation 78

BankInovation

OCTOBER 1, 2020

The Federal Deposit Insurance Corporation (FDIC) has taken steps to promote fintech partnerships and diversity and inclusion within the financial services industry, both internally at the FDIC and among the institutions it regulates, FDIC Chairwoman Jelena McWilliams said during the LendIt Fintech USA 2020 conference Wednesday.

FDIC 52

FDIC Fintech Innovation Conference 52

PYMNTS

JANUARY 8, 2021

The Cyberspace Administration of China is considering a revamping of internet oversight regulations, rules that have not been updated in more than 20 years, according to a Reuters report on Friday (Jan. The plan to revise cyberspace regulations comes at a time when China is stepping up the scrutiny of tech giants.

Online 171

Online Regulation Maine National 171

FICO

DECEMBER 13, 2019

The guiding ethos of fintech (and really any industry portmanteau ending in ‘tech’) is move fast and break things. The most prominent villain for fintech companies is regulation. And when fintechs and challenger banks aren’t constrained by regulation (as they mostly are in the U.S. A Prediction for the 2020s.

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Regulation Fintech Lending Branding 52

BankInovation

NOVEMBER 5, 2020

While election officials continue to count votes in key battleground states, Bank Innovation editors revisited the 2020 election implications on fintech issues like bank charters, open banking and public credit reporting.

Fintech 98

Fintech Innovation Report Payments 98

PYMNTS

DECEMBER 9, 2019

Also, as big tech moves into the financial services industry, regulators call for more “vigilant monitoring” of its data use. Goldman Sachs is planning to launch digital wealth management services in 2020 for clients with “significantly lower” investment capital than traditional customers.

Regulation 131

Regulation Data Apple Payments 131

PYMNTS

NOVEMBER 27, 2019

The story he told PYMNTS was one of FinTech’s global impact, and how the contributions of SMBs are being recognized for their importance. As all that happens, companies such as Emirates NBD are working more closely with FinTech firms, among other partners, Munyuki said. However, that’s changing.

Fintech 167

Fintech Regional Regulation ATM 167

PYMNTS

JANUARY 28, 2020

They are heavily regulated and require heavy investment,” both in terms of capital and human resources. “It If it’s the latter — or some combination of the latter — that means working with FinTechs or other financial services players that are not traditional FIs. But that’s not the whole story, of course.

Fintech 169

Fintech Digital Strategies Mobile Resources 169

Bank Innovation

DECEMBER 24, 2019

Financial technology startups will enter the next decade with a little more street cred than the last time around. Nearly 60 upstarts focusing on financial services — from Stripe Inc. to Chime Inc. to Plaid Inc. — have garnered valuations of more than $1 billion in recent years, according to CB Insights.

Financial Technology 332

Financial Technology Technology Innovation Strategies Apple 332

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. Below is a breakdown of all 300 sessions, less the demos and sales pitches. You have never heard so many intelligent people sound not so smart.

Conference 221

Conference Las Vegas Fraud Case Study 221

PYMNTS

JANUARY 2, 2020

Banks and FinTechs in the European Union have settled into a period of harmony with the revised Payment Services Directive (PSD2). These financial institutions ( FIs) have recognized how this regulation has affected the EU financial ecosystem, and they have passed that familiarity onto the merchants and payment providers that work with them.

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Regulation California Regional Fintech 131

Payments Source

DECEMBER 31, 2019

With fintech firms seemingly stuck in neutral in their efforts to gain banking charters, alternative state licensing options could get another look in 2020.

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Fintech FDIC Regulation 87

PYMNTS

JULY 24, 2020

Open banking is often associated with the European Union (EU) almost by default as the region pushes the envelope further on regulation than anywhere, partly to encourage — but also to keep up with — imaginative FinTech innovators going to market throughout the Eurozone. FinTechs Flourishing. Similarities To The EU.

America 168

America Regional Regulation Fintech 168

PYMNTS

DECEMBER 9, 2020

All of these new FinTechs and digital innovators are changing the landscape as the role of payments rapidly shifts in the broader financial services arena. But fast-forward to 2020, and the world is a very different place. “Clearly there's regional saturation, which leads to consolidation.”. Banks Let Themselves Get Left Behind.

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Innovation Fintech Payments Regulation 306

PYMNTS

DECEMBER 16, 2019

I’ve connected a few of the dots from over the last decade that I believe will shape how the world will evolve in the 2020s, as well as the role of payments in driving that change. 2020 Trendline One: Rapid Acceleration Of Cash To Digital Payments. 2020 Trendline Two: The Rise Of On-Call Commerce.

Payments 180

Payments Innovation Cards Google 180

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

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