PYMNTS

FEBRUARY 19, 2019

The government is gearing up to roll out a digital payments system that will be operated by the central bank, enabling citizens of Mexico to make and receive payments via a smartphone without any fees. The payment system, called CoDi, is slated to launch in March. Mobile phones will become banks.”.

Fintech 173

Fintech System Mobile Payments 173

PYMNTS

NOVEMBER 26, 2020

With regulators cracking down in China, FinTech leaders are scrambling for capital and trying to plan their futures, Bloomberg reported Wednesday (Nov. And those lending in multiple provinces would have to have 5 billion yuan in registered capital at a minimum. The report said Alibaba has used such practices, among other companies.

Industry 152

Industry DC Regulation Washington 152

PYMNTS

JUNE 25, 2019

Collaborating with FinTechs means FIs can create innovative tools and consumer-facing features, but it also throws the established banking world into flux. They are [already] being challenged by a lot of the FinTechs and the larger technology companies.”. Open Banking and the Customer Service Shift.

Fintech 122

Fintech Customer Experience Data User Experience 122

PYMNTS

JULY 5, 2018

The vast majority of traditional financial institutions (FIs) plan to increase their collaborative efforts with the FinTech world, according to a PwC report published last year. The two-sided benefits of a bank-FinTech collaboration are certainly beneficial to FinTech firms like additiv.

Compliance 109

Compliance Fintech Marketing Security 109

PYMNTS

FEBRUARY 24, 2017

B2B FinTech startups came close to hitting the $100 million investment mark this week, with funding rounds in the U.S., The most lucrative players are operating in the SME finance space, with a small business banking startup landing more than a quarter of the funding. Soundtrack Your Brand. Alt-Lending. B2B FinServ.

Fintech 109

Fintech Capital Lending blockchain 109

PYMNTS

NOVEMBER 4, 2020

regulators have taken a more hands-off approach by issuing non-binding guidelines, thus allowing industry stakeholders to pave the way forward. regulators acknowledge that although there is a market and demand for open banking, the current regulatory structure prioritizes consumer protection.”.

US 171

US Boston Regulation Data 171

Gonzobanker

FEBRUARY 23, 2022

However, if BaaS is ever going to enhance shareholder value, bankers need to ensure they have the strategic focus, operational savvy, and execution commitment to do it right. Rather than viewing fintechs as competitors to be feared, bankers should look at them as a means to benefit financially from BaaS.

Community Bank 118

Community Bank Strategy Risk Management Fintech 118

PYMNTS

OCTOBER 23, 2020

For brands and merchants — from the largest marquee names in luxury retail to the smallest shops to artisans peddling handcrafted wares — going direct to consumer (D2C) has never been more urgent. Those merchants want to be paid in a wide range of local currencies, and in some cases may be operating from highly regulated countries.

Payments 187

Payments Branding Trends Online 187

PYMNTS

AUGUST 7, 2019

Without a regulatory mandate, many in the financial services and FinTech space believe that competition will — and already has — nudged the industry toward embracing data integrations across platforms and service providers in the name of better banking experiences. Bank participation is key to promoting open banking in the U.S.,

Fintech 181

Fintech Strategy Resources Payments 181

PYMNTS

APRIL 2, 2019

Grupo Flor said that, in the first week of the trading desk’s operation, it facilitated “several million dollars’ worth of trades.” At the same time, a lack of logistics and B2B service providers compliant with state regulations, and familiar with the products, is also a rising concern for industry players.

Fintech 176

Fintech Compliance Industry California 176

PYMNTS

DECEMBER 29, 2020

The CBK’s latest policy document outlines proposals on tap that could change the way FinTechs and mobile payments firms operate. The central goals include open infrastructure, consumer protection, regulation and more. The public is invited to comment on the report through Jan. million people use M-Pesa.

National 160

National Policies Mobile Payments 160

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. The Bank Regulator Working for Merchants Award!

Fintech 194

Fintech Community Regional Technology 194

PYMNTS

FEBRUARY 21, 2018

To tackle this issue, companies are looking to infuse AI with a bit of humanity, help consumers better connect with computer-operated services and offer improved insights. With the approval in place, the company is now able to fully operate in the PSD2 scheme. Meanwhile, Emma Technologies LTD has celebrated an AI milestone.

Digital Banking 163

Digital Banking Fintech Software Operations 163

PYMNTS

OCTOBER 31, 2018

With cannabis legalization expanding around the globe, marijuana-targeting FinTech startups are a growing breed, too. “As California moves to a regulated and licensed system, there is a long tail of retailers and brands in the industry that need to be connected,” said Craft Ventures Co-founder David Sacks in a statement.

Retail 122

Retail Compliance blockchain Branding 122

PYMNTS

JUNE 28, 2019

The FinTech firm will also serve as the consumer credit card issuer for the AA and the bank’s U.K. s Automobile Association and a Bank of Ireland branded card. (It However, the bank put the credit business up for sale with a larger strategy to divest some of its operations. FinTech startups increased 57 percent to $1.6

Cards 100

Cards Charlotte Fintech Innovation 100

PYMNTS

NOVEMBER 1, 2018

FinTech innovation is often a layered process, taking existing infrastructures and processes, and developing new tools to improve upon them. These markets have similar challenges to the legal marijuana sector: products that are regulated, expire and have unique needs in terms of compliance and shipping.

Taxes 122

Taxes California Regulation Innovation 122

PYMNTS

MARCH 4, 2017

And as traditional financial institutions (FI) begin to recognize the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. . How can banks stay competitive while still cooperating with FinTechs?

Innovation 191

Innovation Data Fintech Exercises 191

PYMNTS

SEPTEMBER 29, 2017

PingPong Financial Group , a Chinese FinTech company, has received a Payment Institution (PI) license from the government of Luxembourg. was issued the license by Minister of Finance Pierre Gramegna of Luxembourg, making it the first Chinese FinTech company to establish European offices in the country. Japan and now Luxembourg.

Security 129

Security Payments Fintech United States 129

PYMNTS

JANUARY 30, 2019

The global economy offers a wide range of opportunities for businesses to expand their reach, and promote their brands to new markets. What’s more, companies must also work to remain compliant with the laws in place across the different regions where they operate. At the same time, however, expanding overseas comes with unique risks.

How To 170

How To blockchain Compliance Regional 170

PYMNTS

JUNE 17, 2019

Purdue is said to lead product development for the brand and become chief product officer, according to reports. As for Bó, the company is operating as a distinct unit from the legacy operations of RBS and created on a technology stack that is new.

Digital Banking 101

Digital Banking Maine Report Operations 101

PYMNTS

JANUARY 22, 2019

Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google , which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising. 70 percent.

Payments 195

Payments Regulation Security Data 195

PYMNTS

JANUARY 7, 2021

Formation of the new division would reportedly be one element of a broader overhaul of the FinTech firm, and would be subject to approval by Chinese authorities. Ant Group was co-founded by Jack Ma, who also helped start the online commerce firm Alibaba. British Watchdog FCA Says Pandemic Could Flatline 4,000 Financial Services Firms.

Survey 172

Survey Payments Groups Data 172

PYMNTS

DECEMBER 31, 2020

As much as a click from the Kardashians helped spread the brand awareness and jump-start his company, Molnar said, as a spending trend among young consumers set the stage for BNPL's success. One is regulatory trends, where regulators are looking to increase competition in this field and drive innovation. These are not easy issues.”.

Innovation 289

Innovation Payments Trends Regulation 289

PYMNTS

NOVEMBER 23, 2020

While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments. Blockchain and a bank charter might do much to boost financial inclusion.

National 215

National blockchain Montana Lending 215

PYMNTS

NOVEMBER 19, 2019

Among the biggest debates is how to construct and operate the best card program possible – a decision that served as the foundation for a new PYMNTS interview with Jim Geeslin, head of strategy for Elan Financial Services , an agent credit card issuer. Branding matters, too, especially when outsourcing. Near-Term Challenges.

Cards 140

Cards Apple Data Innovation 140

CB Insights

AUGUST 2, 2018

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. get the 86-page fintech report.

Cards 71

Cards Fintech UX Strategy 71

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. A brand-name investor isn’t just there for prestige.

Fintech 52

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. A brand-name investor isn’t just there for prestige.

Fintech 52

Fintech Capital Company Data 52

Accenture

SEPTEMBER 22, 2019

An obvious reason is the inroads they’re making into the market, both domestically and globally: recent Accenture research finds that digital-only banks operating in the UK could amass a total of 35 million customers globally within the next 12 months, up from 13 million today. Regulation. Why are they doing so well?

Innovation 150

Innovation Metro Apple Marketing 150

PYMNTS

MARCH 4, 2017

And as traditional financial institutions (FI) begin to view the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. . How can banks stay competitive while still cooperating with FinTechs? It loves modern technology.

Innovation 100

Innovation Data Fintech Exercises 100

PYMNTS

SEPTEMBER 26, 2018

Ether, for instance, seems to have dropped in value, just as many organizations that had previously raised funds in Ether via ICO “cash out” so as to finance their operations and pay for expenses, Bloomberg said. It’s another gap in the market giving rise to FinTech firms addressing this issue. This week, U.S.

Management 164

Management cryptocurrency blockchain Regulation 164

PYMNTS

JUNE 15, 2020

Express Company, a joint venture between American Express and LianLian DigiTech, a Chinese FinTech services company, is expected to begin processing transactions later this year. Senate Committee To Consider Telehealth’s Future. It’s why, Karen Webster says, that the shift to a pandemic-fueled shift to digital 3.0 Here’s why.

Guidelines 131

Guidelines Payments Digital Banking Company 131

PYMNTS

SEPTEMBER 13, 2017

We all know the lure of China’s consumers for retailers and merchants of all stripes and sizes operating across the globe. Enter PingPong Global , which makes it easier for SMBs, manufacturers and global brands to collect cross-border payments from customers across eCommerce marketplaces as ubiquitous as Amazon, Wish and NewEgg.

San Francisco 101

San Francisco Compliance Regulation Branding 101

Gonzobanker

DECEMBER 19, 2022

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. In 2021, there were more than 120 fintech IPOs in the U.S., Acquisition of the Year: Bank Acquiring a Fintech. Oh, what a mere 12 months can do.

Community 216

Community Fintech Industry Innovation 216

PYMNTS

JULY 21, 2020

It’s issuing Mastercard-branded payment cards that will allow consumers to pay with cryptocurrency reserves. “We’ve We work with partners like Wirex — custodial digital wallets operated by companies that are offering this program to consumers in a compliant manner.”. The Broader Blockchain Horizon.

cryptocurrency 318

cryptocurrency blockchain Bitcoin Examples 318

Insights on Business

APRIL 28, 2017

At the same time, regulators in many countries also have relaxed regulations to encourage innovation in the banking industry. Some of the most important elements mentioned by analysts and professionals can be divided into four models: Digital bank brands: Many established, full-service banks find it difficult to appeal to millennials.

Digital Banking 171

Digital Banking User Experience Branding social media 171

FICO

DECEMBER 14, 2016

Despite consumer confusion and high levels of market fragmentation, the payments landscape is going to get a lot messier–– brand-specific payment apps seem to be the next big wave—before any kind of front runner(s) emerge. Prediction: Fintechs will not keep acting like carefree start-ups. It’s great being a fintech start-up.

Mobile 40

Mobile Fintech Payments Regulation 40