Remove 2021 Remove Financial Technology Remove Fraud Remove Security
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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Jeremy Allaire , CEO of financial technology firm Circle , told PYMNTS that digital currencies are ready to transition from speculation to become more broadly adopted in everyday commerce. . Keeping An Eye On Fraud.

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 FinTech Collaborations and Frameworks Gain Steam in Asia

PYMNTS

The statements were contained in the PBOC’s FinTech Development Plan 2019-2021. As the site reported, the plan states that stronger FinTech risk controls should be in place, and adds that FinTech can help improve the quality of financial services through the country.

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Why Digital Marketplaces Must Anticipate Shoppers’ Needs

PYMNTS

By 2021, close to 90 million – or 86.5 The company recently filed paperwork with the Securities & Exchange Commission (SEC) to go public on the New York Stock Exchange. billion – of funds were lost to card fraud in 2018, up from $1.4 And some marketplaces in Asia are growing their services through tie-ups. billion in 2017.

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Fintech Trending: P2P, EMV, NFC, NLP… OMG

Fintech Labs Insights

Though usage remains low, Mastercard reported this week that it has seen an overall decrease in fraud since the EMV change. The company reports that between April 2015 and April 2016, retailers who have transitioned to EMV experienced a 54% decrease in counterfeit fraud. TRILLION in annual purchases via mobile 5 years from now (2021).

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Treasury report on bank/fintech relationships includes recommendations for CFPB supervision of non-bank installment lenders and data aggregators

CFPB Monitor

The report was issued in response to President Biden’s July 2021 Executive Order on promoting competition. 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.

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The 2022 GonzoBanker Awards

Gonzobanker

In December, the founder and CEO of Crypto Exchange company FTX was arrested in the Bahamas (yah, don’t ask) and charged with fraud and conspiracy. In 2021, there were more than 120 fintech IPOs in the U.S., Newman also architected 25 business acquisitions from 2000 through 2021. Now that’s what you call a change of momentum.

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The 2023 GonzoBanker Awards

Gonzobanker

We remember his architecting the legendary Bank of America and Security Pacific merger on the West Coast. The John Lovitz “Yeah My Wife Morgan Fairchild Award” – goes to fellow pathological liar and now former OCC Chief Financial Technology Officer Prashant Bhardwaj. The Monty Python “Biggus Dickus” Award – goes to Sen.

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