Abrigo

MARCH 7, 2022

Experts weigh in on regulatory hot topics for 2022 Review these 10 insights into what regulators are looking for in 2022 to help your financial institution pass exams with flying colors. Takeaway 1 Regulators have increased their focus on BSA in the first quarter of 2022, and the crisis in Ukraine will put OFAC in the spotlight.

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cryptocurrency Regulation Fraud Policies 195

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

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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US Regulation Groups System 168

South State Correspondent

OCTOBER 26, 2023

In this article, we detail our thoughts and the trends we saw last week in Las Vegas from a banking perspective in hopes of giving you the flavor and insight from the conference without you having to walk 10 miles per day and listen to endless vendor pitches. It’s a whirlwind of education, deal-making, eating, and hugging.

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Conference Las Vegas Fraud Case Study 221

Chris Skinner

FEBRUARY 3, 2017

Curating the daily news yesterday, I was surprised to see an article published by Wharton Business School that irritated me. Snyder, chief innovation officer at venture capitalist firm Safeguard Scientifics and a senior fellow at Wharton’s Mack Institute for Innovation Management. million banking jobs by 2025.

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Innovation Millennials ATM Data 150

CFPB Monitor

AUGUST 13, 2018

A portion of the Treasury’s report entitled “ A Financial System That Creates Economic Opportunities, Nonbank Financials, Fintech, and Innovation ,” focuses on payments. ( See our legal alert for a discussion of other portions of the Treasury’s report.). Current payment methods. Our observations. Noting the complexity in the U.S.

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Report Fintech Payments Regulation 60

PYMNTS

APRIL 30, 2018

It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. Blockchain. Marketplace lending. Blockchain.

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Fintech blockchain Lending Digital Banking 183

PYMNTS

MARCH 29, 2017

With the Article 50 letter proffered by May, the formal process is under way. And amid the back-and-forth over just how Brexit will shape up over the next few years, the European Banking Federation (EBF) has nudged regulators in the U.K. The British FTSE Index was down 0.4 percent in the morning on Wednesday, with German DAX up 0.4

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Fintech National Regulation Capital 100

South State Correspondent

OCTOBER 28, 2022

Gartner focused on technology infrastructure, while Money 20/20 was around fintech and payments. cyber, infrastructure, and regulation. AI, payments, data, and other aspects of innovation are dropping behind the scenes. Small Idea – Policy and Regulations are Lagging But Are Going in Banking’s Favor. It is closer to five.

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Conference Technology Las Vegas Trends 195

Gonzobanker

AUGUST 24, 2023

In an article titled Is the Banking Crisis Over? In the first half of 2023, nearly half of the “checking accounts” opened in the United States were opened by digital banks and fintechs. Every management fad has a life cycle, and the innovation fad is on its last legs. Banks need to stop playing innovation charades.

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Innovation United States Industry Technology 148

Gonzobanker

JUNE 7, 2023

Mix in the added drama of regulators condemning the banking-as-a-service model, and there’s added risk. As the researchers at the Financial Health Network in a 2020 report put it: “As our aging population grows and financial challenges continually evolve, so too will the need for inclusive fintech solutions.

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Los Angeles Fintech Digital Banking Tools 133

Bank Innovation

MAY 11, 2017

This is the third part of a series of five articles. 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. Care to elaborate?

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Regulation Regional Apple America 252

Chris Skinner

JUNE 25, 2017

I was going to blog about something different, when I spotted this article in The Financial Times about Klarna gaining a banking license over the weekend (thanks to Pascal Bouvier). For me personally, it’s a day I’ve been looking forward to for a long time,” he said of Monday’s decision by Swedish regulators to give Klarna a banking licence.

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Fintech Online National Regulation 205

PYMNTS

APRIL 20, 2017

s challenger bank landscape is spreading since regulators have welcomed new competition into the retail banking space. Market entrants are looking to disrupt across a range of segments of the banking industry, but SME finance has become a popular target for these innovators. These challenger banks aren’t just disrupting the U.K.’s

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Compliance Innovation social media Lending 110

Jessica Ellerm

MARCH 31, 2016

And well, nothing could ring truer in the world of fintech and banking disruption. In the fintech trenches, where new ideas are being bought to life, everything is an unknown quantity. Our customers are ultimately the people that make the fintech cause a reality – it’s not just about us. Not all innovation does this.

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PYMNTS

JANUARY 1, 2019

The moment it got really serious, they said, the regulators would step in and kill it. When did we start organizing tracks at FinTech conferences on the basis of individual technologies rather than industry challenges and opportunities? I see the same back-to-front thinking in articles and closed-forum discussions.

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Bitcoin Payments Conference cryptocurrency 168

Bank Innovation

MAY 9, 2017

This is the first of a series of five articles on Open Finance in Europe. Much of the conversation at the minute oscillates between incumbents’ ability to deploy them effectively and what it means for the fintech world as product manufacturers. What is an API and why does everyone seem to be talking about them recently?

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Data Trends Industry Examples 191

Gonzobanker

AUGUST 7, 2018

Tuesday, July 31, 2018, may go down in history as Fintech Day in the United States. Treasury Department released a 222-page report titled A Financial System That Creates Economic Opportunities: Nonbank Financials, Fintech, and Innovation , and the OCC announced it would consider charter applications from fintech companies.

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Data Report Fintech United States 60

William Mills

JUNE 16, 2016

But bigger than that, we began getting caught up in this world of “fintech” long before it became the latest overnight sensation, which – by the way – has actually been more than 10 years in the making. What the heck is fintech and why do we care? 2) The fintech tide still rising. 3) Tighter regulation is happening.

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Fintech Industry User Experience US 40

William Mills

JUNE 16, 2016

But bigger than that, we began getting caught up in this world of “fintech” long before it became the latest overnight sensation, which – by the way – has actually been more than 10 years in the making. What the heck is fintech and why do we care? 2) The fintech tide still rising. 3) Tighter regulation is happening.

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Fintech Industry User Experience US 40

Jessica Ellerm

MAY 20, 2017

To give you some idea of what these issues are, here are just a few startling superannuation stats for the uninitiated, that are well worth putting your fintech opportunity hat on and considering. According to the Productivity Commission , in 2014-15, Australians paid about $12 billion in fees to APRA-regulated funds.

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Fintech Management Industry Trends 89

Abrigo

FEBRUARY 23, 2022

Would you like other articles like this in your inbox? Furthermore, given the rise of fintech firms chasing the SMB segment, borrowers have alternative sources of funding. That adds to the pressure on financial institutions to innovate the small business loan process.

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Lending Community Bank Community Analysis 195

PYMNTS

JULY 13, 2017

One of the main issues that most have had with the digital currency is that because of a lack of a central authority, it can be tough to regulate. dollar,” says a WSJ article authored by Northwestern University law professor John McGinnis and Boies Schiller & Flexner lawyer Kyle Roche. “It Overseas, we’re seeing the U.K.

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Bitcoin cryptocurrency Maine Regulation 101

PYMNTS

MARCH 1, 2017

Needless to say, banks are feeling the pressure on all fronts to get their capabilities aligned with what the innovators around them are already providing. Managing costs and finding revenue opportunities within a low-interest rate environment is a huge challenge for banks, many of which can’t afford to take on the cost of innovation.

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Payments System Fintech Regulation 100

Lars Markull

MAY 8, 2018

I speak with early stage FinTech founders and project owners on a daily basis. FinTech wasn’t sexy when I started at figo in 2014 but is surily now for many people. This is beneficial and supportive for FinTech, as banking has been an industry where most of the people have a long track record inside the industry.

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How To Industry Fintech Trends 40

PYMNTS

JANUARY 31, 2018

For years, throughout the volatility of cryptocurrency values, some industry experts have assured investors and innovators that blockchain is the disruptor in which the market should place its faith. Alas, there is no such thing as a sure bet, especially in the world of FinTech. Possible) Scammers Emerge.

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blockchain Bitcoin cryptocurrency New York 124

South State Correspondent

JUNE 13, 2022

In this article, we explore why and how banks are starting to incorporate the “velocity of risk” into their risk management practices. The result is an unrealistic view of risk that deceive both management and the regulators into believing the bank has a solid risk plan when in fact, they do not. Optimizing Risk.

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Risk Management Examples social media Management 195

Fintech Labs Insights

MAY 24, 2017

This article was first published on FinTech Futures on May 18th 2017. Adding to our stellar line up of leading women in FinTech , we speak to Alex Foster about how she has become Head of Insurance & Finance Sector & Post Trade Services at BT, and what she would suggest if you were just starting out as a woman in tech.

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Fintech How To Study Technology 24

Insights on Business

SEPTEMBER 8, 2016

Late last year, I read an article in the Financial Times that said there were three possible reasons for the turmoil in the worldwide banking industry: a blip induced by excessive regulation, a return to normal after an exceptional pre-crisis boom, or the slow death of banking. And it’s a much needed influx of innovation.

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Study social media Compliance Operations 70

PYMNTS

JANUARY 15, 2018

With that access, the thinking goes, new market entrants can offer new services to end users, with eyes dually focused on innovation and costs. For other firms, such as FinTechs or telecommunications companies, “they must coordinate and provide access to multiple different interfaces or protocols.”.

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CA Bitcoin Data Security 112

Gonzobanker

DECEMBER 20, 2018

We’ve simultaneously disdained and feared the fintechs, artificial intelligence and blockchain consortia. Hats off to Greg for taking a $600 million credit union to a $5 billion innovator over his 25 years at the helm. Another example of sincerity and innovation making an impact on local communities. Bank Sale of the Year.

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Fintech Conference Innovation Community 105

NCR

JULY 14, 2017

Giving the entire global population access to banking services will require a collaborative effort spanning various channels and financial systems, from the most familiar to the most innovative. One significant trend that ensures cash will remain part of the debate around financial inclusion is innovation in the self-service channel.

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ATM Industry Conference Bitcoin 80

PYMNTS

SEPTEMBER 5, 2019

Regulators recently announced plans to take a closer look at the early wage access industry, but as demand among the workforce for such FinTech solutions continues to rise, experts are encouraging lawmakers to get on board with a new normal of payroll. Regulators Step In. Defenders Weigh In.

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Regulation Lending New York Fintech 122

Insights on Business

MARCH 12, 2019

review of the capital requirements for market risk regulations, namely the Fundamental Review of the Trading Book (FRTB). The deadline for the proposed effective date was pushed from 2019 to 2022, and local regulators around the world have still not mandated when or if FRTB will become mandatory for their respective jurisdictions.

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Capital Regulation Strategy Operations 79

Tomorrow's Transactions

FEBRUARY 5, 2016

This issue happens to have a very interesting article on the digitisation of banking, a subject of great current interest. The article goes on by noting that banks do not seem to be making as much of new technology as they might and that “what may prove to be more serious is the determination to cling to time-honoured procedures”.

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blockchain Regulation Technology Operations 30

Jeff For Banks

JANUARY 10, 2016

Jerry Reeves, President & CEO of Sturdy Savings Bank of Cape May Court House in New Jersey and current Chairman of the NJ Bankers Association , penned an article The Golden Age of Banking in the NJBA's winter 2016 edition of New Jersey Banker magazine. Because regulators would approve no one else. Why the rigid criteria?

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US Leadership New Jersey NJ 60

FICO

OCTOBER 26, 2021

As an article in CU Insight put it, “When credit unions misidentify or overlook their actual best members, they fail to value them correctly, and lack good insight into their behaviors and preferences. But the reality is that credit unions are still competing for customers in the same market as big banks and FinTechs.

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Analytics Community Branding Data 52