Chris Skinner

MAY 1, 2017

Now I don’t want to get into politicks, as that’s not my job, but I do want to point to an interesting article on TechCrunch by Nik Milanovic (@NikMilanovic) that illustrates the issue well. Back in December, I picked up on this new Office of the Comptroller of the Currency (OCC) Ruling to issue national FinTech bank charters.

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America Fintech National Regulation 211

CFPB Monitor

JANUARY 9, 2019

federal district court in October 2018 by the Conference of State Bank Supervisors (CSBS) to stop the OCC from issuing special purpose national bank (SPNB) charters to fintech companies. That lawsuit was dismissed for failing to establish an injury in fact necessary for Article III standing and for lacking ripeness for judicial review.

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Fintech Regulation New York National 60

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. . DFS is entitled to nationwide relief.

Fintech 88

Fintech New York Regulation National 88

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

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

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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Fintech New York National Regulation 97

Insights on Business

DECEMBER 7, 2017

Two years ago I wrote an article on the 6 biggest trends in FinTech. In a landscape where new technology arises, gets implemented and goes mainstream in a heartbeat, I wanted to cover five of the most impactful trends currently impacting the FinTech industry today: 1. Artificial Intelligence and Machine Learning.

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Trends Technology Fintech blockchain 145

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.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

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

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

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

PYMNTS

MARCH 26, 2019

They had been struggling ever since the Financial Times published articles earlier this year alleging false accounting and fraudulent practices from the firm’s Asia-Pacific office. Market regulators in the country imposed a temporary ban on short sales of Wirecard stock in an attempt to stabilize the market.

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Fintech Marketing Regulation Report 122

CB Insights

AUGUST 23, 2017

While financial services customers don’t need to be reminded that there are 117 articles embedded in the new regulations and a host of new requirements for banks to meet, we’ve done the heavy lifting to analyze one of the most important new rules affecting fintech: XS2A, or the “Access to Account” rule.

Regulation 28

Regulation Fintech Meeting Payments 28

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 142

PYMNTS

APRIL 30, 2018

According to a Crunchbase article published in February of 2018, investments in blockchain and blockchain-related startups (excluding initial coin offerings, or ICOs) were already 40 percent of what they were in 2017. Supporters say that’s not a bad thing, since investors tend to value ad platforms like Google over regulated banks.

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Fintech blockchain Lending Digital Banking 183

Chris Skinner

DECEMBER 3, 2019

In an interesting article by Dave Weisberger on Coindesk, there … The post The Case for a Bitcoin ETF appeared first on Chris Skinner's blog.

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Bitcoin US blockchain Regulation 295

PYMNTS

JUNE 29, 2020

A number of British FinTech firms have suspended services following the FCA’s restrictions on Wirecard, leaving hundreds of thousands of accounts blocked, the news service reported. We hope to be able to issue an update soon.”. He has denied any wrongdoing, posted bond and was released.

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Taxes Report Financial Technology Digital Banking 223

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. Wharton Business School is one of America’s Ivy League Universities up there with Yale and Harvard. It should be publishing informed insights but this post was more of a headline grabber from Scott A. They won’t.

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Innovation Millennials ATM Data 150

Jeff For Banks

FEBRUARY 27, 2016

According to a recent American Banker article , WSFS Financial Corporation struck a deal with Zenbanx, a Silicon Valley-based neobank, mobile only player. Arkadi was a frequent speaker on the FinTech rubber chicken circuit, being viewed as a visionary industry disruptor. Why do FinTech firms rush to banks? I suppose he was.

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Fintech Kansas Community Bank Capital 60

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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Fintech New York Regulation Conference 68

Chris Skinner

MAY 2, 2017

I was inspired to think more about the legacy challenge in the legacy economies when I saw this article by the inimitable Anna Irrera (she’s worth following if you’re on twitter). I know I’ve made this point often but banks are run by bankers when they really should be balanced with technologists, as they are FinTech firms.

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System Survey Software Fintech 286

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

Independent Banker

OCTOBER 31, 2021

We connect community bankers, fintech and regulators as part of this product development. We recognize that maintaining your ongoing focus on innovation takes a tremendous investment of time and resources, so we hope these articles support you in taking that creative leap.

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Innovation Strategies Strategy Innovation Community Bank 186

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.

Strategy 31

Strategy Trends Branding Lending 31

Let's Talk Payments

AUGUST 19, 2016

The purpose of this article is to highlight the issues of a consumer who wants to invest in digital currencies like bitcoin and how can the regulator achieve the twin.

Regulation 40

Regulation cryptocurrency Bitcoin US 40

Disruptive Finance

OCTOBER 7, 2016

Bank of Lithuania, the country’s central bank and regulator, has signed a memorandum of understanding with UK-based payments and fintech start-up Revolut.

Fintech 81

Fintech Regulation Payments 81

Chris Skinner

FEBRUARY 5, 2017

A summary of the main blogs of the week … The Semantic Regulator (#RegTech Rules) A bank has to make a regulatory change every 12 minutes. I guess that’s because there are a lot of FinTech startups focused on the B2B2C structures like Leveris, Thought Machine, Solaris, RailsBank, ClearBank, CBW and more. That’s some task.

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Regulation Millennials Conference Maine 150

PYMNTS

MARCH 22, 2018

In an effort to lure more FinTechs its way, France is working on a regulatory framework that would enable startups to raise funding via cryptocurrencies. On the flip side, countries like Switzerland, the Cayman Islands and Gibraltar have embraced cryptocurrency and have created their own regulations to lure the startups to their countries.

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cryptocurrency blockchain Regulation Bitcoin 134

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?

Fintech 52

Fintech Bitcoin blockchain Google 52

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?

Fintech 52

Fintech Bitcoin blockchain Google 52

Banking 2020

JUNE 12, 2015

Articles via Business Standard, American Banker, Credit.com, Wall Street Journal. Fintech party may attract crashers: While big banks have been hit hard by regulations in the past, they have likely seen the worst of them. Below are interesting stories the Banking.com staff has been reading over the past week.

Fintech 40

Fintech Customer Experience Regulation Survey 40

The Financial Brand

NOVEMBER 26, 2023

This article Will Federal Guidance Have ‘Chilling Effect’ on Banking-as-a-Service? Federal regulators don’t love BaaS. This article Will Federal Guidance Have ‘Chilling Effect’ on Banking-as-a-Service? appeared first on The Financial Brand. appeared first on The Financial Brand.

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Branding Regulation Banking Trends FDIC 27

CFPB Monitor

AUGUST 5, 2021

The amendments include an anti-evasion provision under which a purported agent or service provider is deemed a “lender” subject to Title 9-A, Article 2 of Maine Revised Statutes. Article 2 contains a licensing requirement and rate and fee limits for consumer loans. SP 205/LD 522 added a new Part 7 to Article 2.

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Maine Illinois Operations Payments 78

PYMNTS

SEPTEMBER 20, 2017

million USD), the news article read, noting revenue rose 133.5 Chinese companies, especially FinTechs, are beginning to turn to overseas public offerings to raise new capital. Analysts say the trend is the result of tightened regulations at home, especially those impacting alternative lending startups. million yuan ($94.9

United States 100

United States Fintech Maine Study 100

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

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.

Fintech 40

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.

Fintech 40

Fintech Industry User Experience US 40