PYMNTS

DECEMBER 8, 2019

Firms like Google, Alibaba and Facebook could be forced to share data with banks and FinTech firms. Asset management, payments and lending are being offered by Microsoft, Amazon, eBay, Baidu, Apple, Facebook and Tencent — all which have colossal databases.

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PYMNTS

SEPTEMBER 10, 2019

Also, the new iPhones and the rest of Apple ’s fall lineup of devices will finally get their introduction when Tim Cook and company hit the stage today. What Apple Fans Are Expecting from Today’s iPhone Event. How FinTech Apps Can Ace Security. Stripe Expands European Presence.

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Apple New York City Payments New York 108

PYMNTS

OCTOBER 1, 2019

Amsterdam FinTech startup bunq is expanding into 22 additional countries after successful launches in Austria, Germany, Italy, Spain, France, Ireland and Belgium, TechCrunch reported on Tuesday (Oct. The company also now accepts Apple Pay and Google Pay in France, Germany, Spain, Italy, Belgium and Ireland. .

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Fintech Guidelines Cards Groups 116

PYMNTS

MAY 30, 2018

Banks, he noted, have to be compliant with a host of extremely stringent regulations, and often across multiple jurisdictions – all with different rules. And, he noted, banks and FinTechs are going to need time to negotiate their relationships with each other, and with consumers the world over. Why Banks Need FinTechs.

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Fintech Regulation Compliance Innovation 160

Let's Talk Payments

JUNE 24, 2016

The MIF regulation (full name – “Regulation (EU) 2015/751 on interchange fees for card-based payment transactions”) came into effect at the end of 2015 and is composed of four main.

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Regulation Apple Maine Cards 75

Insights on Business

DECEMBER 10, 2017

The dominant story is that fintech startups and banks are better off as friends than foes. Fintech, once seen as a disruptor, is now becoming a mainstream and also a collaborating partner. Consumers have been conditioned by Google and Apple to see that banking services can be much more accessible and convenient from a mobile device.

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PYMNTS

FEBRUARY 5, 2020

The Merchants’ Guide to Navigating Global Payments Regulations , powered by Ekata, dives deep into this complex and unsettled topic, from possible abrupt retail impacts to long-term open banking repercussions. The General Data Protection Regulation (GDPR) turns two in May, and just like a toddler, it’s messing things up­ (for some).

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Google Data Regulation social media 288

PYMNTS

AUGUST 6, 2018

Apple Vs. Huawei. Apple , by all accounts, had a very good week last week. This might have made it pretty easy to overlook the tiny grey rain cloud the floated by: The Chinese phone manufacturer Huawei sold more phones than Apple did in the last quarter. Meanwhile, Apple shipped 41.3 Party hats all around.

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PYMNTS

NOVEMBER 11, 2018

Moves on the part of Amazon and Google to enter the financial services market is prompting European financial regulators to mull whether or not the tech companies need to be supervised. including Amazon, Google, Facebook, and Apple have been entering the financial services market by supporting digital payments and launching other services.

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Google Regulation Apple Taxes 173

PYMNTS

JANUARY 21, 2021

In an interview with PYMNTS, Avi Cohen , co-founder and CEO of FinTech company The Floor , said boosting digital offerings and bringing new ones to market demands quick decision making as banks seek to improve user experience and user engagement. Now, he said, “innovation needs to also be incorporated internally. “Can Cohen asked.

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PYMNTS

JANUARY 3, 2020

Unanswered authentication questions and regulatory confusion have not dampened PSD2’s attractiveness for regulators outside the EU, and Turkey is among the latest to adopt the standards. FinTechs Struggle With Higher Standards. They can also be more discerning regarding third-party companies and FinTechs. He pointed to the U.K.,

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PYMNTS

AUGUST 21, 2020

But the payments and eCommerce industries saw plenty of news as well, from Apple reaching a $2 trillion valuation to the U.S. Here’s what they discussed: Apple $2 Trillion Triumph. Apple this week officially went where no firm has gone before, as its market capitalization tipped over the $2 trillion mark.

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Let's Talk Payments

SEPTEMBER 25, 2017

Japan FinTech Summit Week “Fin/Sum,” organized by FSA (regulator), banks, Nikkei, and the FinTech Association of Japan, was great learning for me – I met some great people. Japanese people are.

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Fintech Report Regulation US 106

PYMNTS

NOVEMBER 13, 2019

That trust factor was higher than Apple and Facebook, but lower than Amazon. “If The delicate balance between bank-FinTech competition and collaboration continues to teeter in the U.S. According to research from Accenture , FinTech startups threaten to take a $280 billion piece of banks’ payment revenue pie by 2025 – worth 15 percent.

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Google Fintech Apple Survey 161

PYMNTS

JULY 29, 2016

Apple sorta fizzled, but the markets don’t seem to have noticed. Not having such a good week, other than Apple, were FinTech IPOs. If you’re a millennial, the FinTech world is literally beating a path to your front door. Apple’s stock took a 6 percent uptick since performance wasn’t as bad as analysts thought.

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Apple Millennials Mobile Fintech 100

PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Any FinTech disruptor, when it becomes so big, represents systemic risk,” he told Webster. Reuters quoted central bank Vice Gov.

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PYMNTS

OCTOBER 11, 2018

“It’s an apples-to-oranges comparison,” he told PYMNTS about the regulatory approach toward open banking in Europe versus the U.S. One of the biggest challenges is the number of financial regulators in the U.S. One of the biggest challenges is the number of financial regulators in the U.S. In the U.S.,

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US Regulation Data Security 190

Jeff For Banks

MAY 7, 2016

Recent news of Prosper scaling back and OnDeck Capital's ongoing losses has taken a little shine off of the FinTech apple. Recently a former bank director and active bank stock investor asked me about the rise of FinTechs and how it impacts community banks. FinTechs have yet to earn it. FinTechs want them.

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Community Bank Community Fintech FDIC 60

PYMNTS

FEBRUARY 14, 2019

The Financial Stability Board (FSB), a global finance regulator, warned that the proliferation of eCommerce giants like Facebook, Amazon, Alibaba and Apple in the financial sector is expected to continue and will disrupt the industry, according to a report. Apple Pay , especially, has been expanding at a rapid pace.

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Industry Apple Samsung Lending 108

American Banker

SEPTEMBER 7, 2023

Rohit Chopra, the director of the Consumer Financial Protection Bureau, wants to ensure that Big Tech firms are not unfairly excluding smaller fintechs from innovating on their platforms.

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Google Apple Mobile Payments 45

PYMNTS

FEBRUARY 21, 2020

Earlier this week, a FinTech took the leap into the full spectrum of financial services, perhaps paving the way for future mashups. FinTech has bought a bank, and it shows how digital-first firms can broaden their scale and reach with cross-pollination across financial offerings. To be the bank, buy the bank.

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Digital Banking Conference Samsung Fintech 224

PYMNTS

NOVEMBER 19, 2019

No matter what, one of the biggest challenges in crafting a successful program is dealing with compliance and regulations, Geeslin said. For instance, with the recent launch of the Apple Card , Apple has sent a signal that they seek to offer a better user experience than banks. Near-Term Challenges.

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Cards Apple Data Innovation 140

PYMNTS

SEPTEMBER 2, 2019

There are a lot of possibilities here, and both Facebook and the Association plan to work with regulators to help address all of their concerns before Libra will be ready to launch. On the other hand, “terrible idea” is just about the nicest descriptor regulators in the U.S. Tim Cook, CEO of Apple. Al Kelly, CEO of Visa.

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Payments Apple New York City Retail 205

PYMNTS

MARCH 2, 2020

i2c is known for partnering with a number of financial institutions (FIs), FinTech firms and governments using what it calls its “agile” processing technologies and API techniques. i2c recently said it would support Apple Pay for Najm prepaid card holders. He fostered community relations and helped grow revenue.

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Regional Apple Policies Compliance 132

PYMNTS

SEPTEMBER 17, 2019

And an increased number of banks are swapping their own regulators for Office of the Comptroller of the Currency (OCC) oversight. Pre-sales for of the new iPhone from Apple are coming out ahead of expectations and topping last year’s pre-orders for the same time period. Banks Scrapping Regulators For Friendlier OCC Oversight.

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Payments Taxes Regulation Tools 100

PYMNTS

NOVEMBER 9, 2018

American Express is said to have formed a joint venture with Lianlian Group, a FinTech company in the country, to get a payment network up and running. American Express has up to 15 months to create its clearing network, per regulators in the country. Lianlian counts PayPal and Apple among its strategic partners.

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Cards Groups Apple Operations 188

PYMNTS

AUGUST 3, 2020

Throughout the six-plus-hour grilling, the stock prices of Amazon, Apple, Facebook and Google were all up — and stayed that way throughout the day. Between the close of business on Tuesday and end of day on Friday, though, Barron’s reported that Alphabet, Apple, Amazon and Facebook collectively added $370 billion to their market caps.

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Apple Google Online Maine 234

PYMNTS

JANUARY 20, 2020

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. Africa’s eCommerce volume is expected to reach $75 billion by 2025, and economic output in FinTech is anticipated to add $150 billion by 2022 to its GDP.

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PYMNTS

APRIL 15, 2019

Specifically, who knows what dangers — for banks, at least — lurk in shadow banking, as FinTechs emerge to nibble at market share? The Question of Regulation. FinTechs the More Immediate Threat? Who knows what dangers lurk in the shadows? financial system amid the rise of alternative lenders. The Lengthening Shadows.

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Lending United States Survey System 175

Lex Sokolin

DECEMBER 16, 2020

SPACs are like that, but for Fintech companies. Fintech-like. It turns out that it is pretty hard to get people to care about hard-to-understand investments, and it is hard to get regulators to change their minds about consumer protection around the world all at once. It is hard to do the apples-to-apples math on this, honestly.

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Fintech Capital Company Data 52

Lex Sokolin

DECEMBER 16, 2020

SPACs are like that, but for Fintech companies. Fintech-like. It turns out that it is pretty hard to get people to care about hard-to-understand investments, and it is hard to get regulators to change their minds about consumer protection around the world all at once. It is hard to do the apples-to-apples math on this, honestly.

Fintech 52

Fintech Capital Company Data 52

PYMNTS

AUGUST 28, 2020

The eCommerce giant opened its first brick-and-mortar Amazon Fresh grocery store , and it also launched Amazon Halo , a fitness wearable designed to take on the Apple Watch. Blair said the launch of Amazon Halo represents a move into a market that Apple has heretofore dominated.

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Payments Apple Los Angeles social media 157

PYMNTS

OCTOBER 22, 2020

Former Apple chief design officer Jony Ive is set to consult with Airbnb on hiring and future products, alongside his independent design firm LoveFrom. Investors Say FinTech Valuations Are High, But Not Overheated. Jony Ive Joins Airbnb To Drive Product Design. Report: Overcoming Cross-Border Invoice Complexities.

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cryptocurrency Payments Bitcoin Capital 142

NCR

MARCH 7, 2018

Initially, a wave of fintech startups were viewed as posing the main threat, but more recently, it has been suggested that it is the bigger tech players – the likes of Google, Facebook and Apple – that may pose the biggest challenge. But now one key regulator in the US has suggesting this could change.

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Regulation Retail Community Bank Community 53

PYMNTS

JANUARY 20, 2020

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. Africa’s eCommerce volume is expected to reach $75 billion by 2025, and economic output in FinTech is anticipated to add $150 billion by 2022 to its GDP.

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Capital Groups Apple Operations 131

Bank Innovation

MAY 11, 2017

company owned servers and 3) regional jurisdictional data, payments and identity infrastructure is inevitable and the most effective way to manage those threats is by giving would-be-global European firms a competitive edge in the form of regulation. understand that 1) massive amounts of European capital flow to the U.S. It’s both.

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Regulation Regional Apple America 252

PYMNTS

OCTOBER 17, 2017

An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956. But, as SoFi and now Square have demonstrated, the interest is there, and the FinTechs aren’t going away.

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Industry Fintech FDIC Community Bank 108