CFPB Monitor

JULY 29, 2020

The New York Department of Financial Services (DFS) has filed its opening brief with the Second Circuit in the OCC’s appeal from the district court’s final judgment in DFS’s lawsuit challenging the OCC’s issuance of special purpose national bank (SPNB) charters to non-depository fintech companies. .

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CFPB Monitor

APRIL 27, 2020

The OCC has filed its opening brief in its appeal to the Second Circuit from the district court’s final judgment in the lawsuit filed by the New York Department of Financial Services (DFS) seeking to block the OCC’s issuance of special purpose national bank (SPNB) charters to non-depository fintech companies.

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PYMNTS

MARCH 29, 2017

With the Article 50 letter proffered by May, the formal process is under way. firms might trade with EU member nations. firms might trade with EU member nations. 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.

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The Financial Brand

FEBRUARY 8, 2023

This article NCUA Chief Targets Rate & Liquidity Risks as Credit Unions Reframe Competitive Strategies appeared first on The Financial Brand. The National Credit Union Administration chairman discusses new regulations, worrisome lending trends, fintechs and more in a wide-ranging interview.

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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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Lars Markull

JUNE 6, 2020

EU countries), bank transfers relied on different national standards. Fintech challenges with IBAN. Expanding to another country can be challenge for any type of company, but regulation makes it often a little harder for companies offering Financial Services. Firstly, consumers were reluctant to use an IBAN form another country.

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South State Correspondent

OCTOBER 28, 2022

Gartner focused on technology infrastructure, while Money 20/20 was around fintech and payments. cyber, infrastructure, and regulation. Small Idea – Policy and Regulations are Lagging But Are Going in Banking’s Favor. This regulation looks more onerous for everyone but seems to be in most banks’ domain and skill sets.

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CFPB Monitor

FEBRUARY 22, 2019

Earlier this month, the Conference of State Bank Supervisors (CSBS) filed a brief opposing the OCC’s motion to dismiss [link to blog] the second lawsuit filed by CSBS to stop the OCC from issuing special purpose national bank (SPNB) charters to fintech companies. And this may be the primary purpose behind CSBS’s request….”.

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Lex Sokolin

DECEMBER 31, 2020

A Year in Financial Models, Fintech Valuations, Super Apps, Big Tech, Decentralized Finance, the Multiverse, Pandemic, Revolution, Crypto Art, and the Nature of the Universe Hi Fintech futurists — You should be out partying! A cute little article about $90MM from order flow. Is Ant Financial the best Fintech in the world?

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Lex Sokolin

DECEMBER 31, 2020

A Year in Financial Models, Fintech Valuations, Super Apps, Big Tech, Decentralized Finance, the Multiverse, Pandemic, Revolution, Crypto Art, and the Nature of the Universe Hi Fintech futurists — You should be out partying! A cute little article about $90MM from order flow. Is Ant Financial the best Fintech in the world?

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Fintech Bitcoin blockchain Google 52

PYMNTS

AUGUST 23, 2018

China’s National Fintech Risk Rectification Office sees the moves as “targeted clean-up measures to maintain financial order and social stability,” according to reports. News came this week that Jinse, an information service that is backed by Node Capital, was among the accounts impacted in the freeze.

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Abrigo

DECEMBER 20, 2021

Would you like other articles like this in your inbox? If your CDD program is not intact, now is the time to tighten things up and watch for new regulations. and CDD will be top of regulators' minds for some time. How to Establish Quality Fintech Partnerships. CDD is widely considered the fifth pillar of BSA. Learn More.

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PYMNTS

JULY 22, 2019

But, Atassi said, Latin America is also a challenging region to take on as a whole because nation-by-nation and vertical-by-vertical, the situation on the ground can vary quite widely in terms of infrastructure, consumer interest and regulatory prerogatives. Opportunity, he noted, abounds.

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Innovation Payments Regional America 161

Lars Markull

JUNE 6, 2020

EU countries), bank transfers relied on different national standards. Fintech challenges with IBAN. Expanding to another country can be challenge for any type of company, but regulation makes it often a little harder for companies offering Financial Services. Firstly, consumers were reluctant to use an IBAN form another country.

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Fintech US Regulation Examples 40

BankUnderground

AUGUST 23, 2023

Many BNPL products are exempt from regulation because they do not charge interest on repayments. Typically these products are provided by newer fintech firms, for whom BNPL makes up most or all of their lending. Typically these products are provided by newer fintech firms, for whom BNPL makes up most or all of their lending.

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Survey Groups Regulation Data 83

Jessica Ellerm

FEBRUARY 25, 2016

On Wednesday Australia’s Prime Minister Malcolm Turnbull and Treasurer Scott Morrison jointly announced the launch of a new fintech advisory panel, bringing together bankers and fintech leaders alike, and tasking its members with the job of making Australia the leading force in financial technology within the APAC region.

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PYMNTS

JANUARY 31, 2018

Alas, there is no such thing as a sure bet, especially in the world of FinTech. Cointelegraph released a similar article this week, highlighting hacks, a lack of government protection and hurdles for top use cases, like smart contracts, all standing in the way of blockchain making good on its promises. Possible) Scammers Emerge.

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American Banker

APRIL 15, 2016

Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms. American Banker readers share their views on the most pressing banking topics of the week.

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South State Correspondent

MAY 2, 2022

Unfortunately, there are many problems with sales funnels, and in this article, we will show why banks should be thinking in terms of “Growth Loops” instead. Your bank might have introduced a new product, but very few banks go back and try to improve an existing product unless forced to by the regulators or changes in technology.

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PYMNTS

SEPTEMBER 17, 2018

The battle over FinTechs and national banking charters is about to get a bit more heated. The suit is one alleging that the OCC does not have the authority to provide such licenses under the FinTech charter that has been proposed. The banking sector, argues the suit, is more efficiently regulated at the state level.

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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. For some banks, the amount of gas station and convenience store loans is about equal to loans to US businesses that are owned by foreign nationals. Optimizing Risk.

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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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Gonzobanker

DECEMBER 20, 2018

We’ve simultaneously disdained and feared the fintechs, artificial intelligence and blockchain consortia. PNC made a Gonzo move with a national digital expansion in 2018 with the unique idea of building a small number of branches in target metro markets like Kansas City and Dallas. Banks Leveraging Fintechs Award.

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NCR

JULY 14, 2017

In a February 2016 report , Pew Research Center revealed that, while there is an ongoing “digital divide” between wealthier and poorer nations, there has been a “vast increase” in smartphone ownership in emerging economies in recent years.

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ATM Industry Conference Bitcoin 80

Tech and Finance

FEBRUARY 27, 2019

It also has a regulator that takes a far more active role in promoting consumer interests vs. banks than the Fed does. See Kevin Wack’s article in The American Banker. The links below go to the Fed comments page, and to the six articles I have written on this, which provide a fairly quick overview of the issues.

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NCR

NOVEMBER 21, 2016

In October 2015, the European Parliament passed the revised Payment Services Directive (PSD2), with EU member states given two years to make the required changes in national legislation to comply with the new rules. The legislation introduces and regulates two categories of third-party service providers. ” The fraud implications.

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Lex Sokolin

OCTOBER 14, 2020

The clearest formulation on this topic comes in the article The Fifth Era of Recorded Music , from Bill Rosenblatt. Peerless Lending Lending Club represents an era of Fintech credit. You and I still bank at the financial incumbent for 80% of our needs, and send 5% into a Fintech digital lender for experimentation.

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Tomorrow's Transactions

SEPTEMBER 26, 2016

From Blockchain and the Auditing Revolution – Real Time Audit within the Capabilities of Blockchain | Fintech Schweiz Digital Finance News – FintechNewsCH. These are regulated financial institutions, not the mafia. The link to the article is removed from Google search results but the article is still there.

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Gonzobanker

DECEMBER 20, 2019

There is an understanding that technology and fintech are going to cause radical change, but the how, how big and when are still very unclear. Most Egregious Fintech Valuation – Chime , which went fromone funding round at $1.5 Niche Payments Acquisition Award – Goes to City National Bank for its acquisition of FilmTrak.

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Idaho Conference Data Marketing 148

Gonzobanker

DECEMBER 19, 2017

FinTech threats and distractions. Heavy-handed regulators. While the darling of FinTech conferences, this divestiture seems primarily driven as a means of Customers delaying the $10 billion Durbin hit and maintaining quarterly EPS expectations from the Street. Oh, by the way, that Fintech darling of two years ago Lending Club?

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PYMNTS

SEPTEMBER 13, 2017

In an article appearing on ForConstructionPros.com , Botta listed “choosing the cash versus accrual method of accounting, converting from accrual basis to cash basis, understanding the limitations on vehicle depreciation expense and properly tracking your work in process” as the top four culprits. .”

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Gonzobanker

DECEMBER 19, 2016

Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare. Mergerama Region of the Year – The Midwest: Huntington-First Merit, Chemical-Talmer, Old National-Anchor … the list goes on. Is it in the water? Or the need to take market share in a slowest growth region?

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Gonzobanker

DECEMBER 22, 2015

We don’t know what Los Alamos National Bank’s marketing department was drinking when it designed the customized water bottle labels, but we’re giving them big points for creativity. Regulator Award. Deluxe for its article titled, “Checks Are Dead, Does This Still Count As News?” Click to enlarge. ‘It

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Community Bank Apple Community Technology 60

Fintech Labs Insights

MARCH 4, 2020

I don’t believe they need to be regulated as a bank as long as they facilitate the big three products under one UI: deposits (e.g., Leading USA digital small business banks ranked by our proprietary FAB score (Fintech Attention Barometer, see note 1) . Press: 34 articles in past 2 years (10 in ’20, 23 in ’19, 1 in ’18).

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Digital Banking San Francisco UX Austin 15

CB Insights

JANUARY 4, 2018

At the Future of Fintech Conference , Jonathan Larkin of Quantopian, Christina Qi of Domeyard, and Andy Weissman of Union Square Ventures discussed algorithmic training and the hedge fund of the future , and openly discussed the lack of need for MBAs. Its customers include National Instruments, Hitachi, and Comcast. Series A round.

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Software Compliance Training Google 75

CB Insights

OCTOBER 31, 2019

Today, the bots are still being used across industries like fintech, healthcare, sales and CRM, retail, and even law — and they’re having important, though quiet, effects. Fintech: Contract review & bill negotiation. Fintech: Contract review & bill negotiation. Table of Contents. Get the full report.

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PYMNTS

JANUARY 25, 2018

More than half of companies surveyed by SWIFT and Dow Jones Risk & Compliance last year said they plan to invest in RegTech in the coming years, and most agree that technology has enabled a greater ability to remain compliant with key regulations surrounding anti-money laundering , Know Your Customer and more. In the U.S., In the U.K.,

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