FICO

DECEMBER 13, 2019

The guiding ethos of fintech (and really any industry portmanteau ending in ‘tech’) is move fast and break things. The most prominent villain for fintech companies is regulation. And when fintechs and challenger banks aren’t constrained by regulation (as they mostly are in the U.S. Brand protection.

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Regulation Fintech Lending Branding 52

The Financial Brand

SEPTEMBER 30, 2021

The post Will Regulators ‘De-Bank’ Challengers, Neos, Cryptos & Fintechs? appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Signs point to stricter rules for how nonbanks can use banking terms in their apps and marketing, complicating banking-as-a-service deals.

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Regulation Fintech Banking Trends Analysis 38

PYMNTS

MAY 6, 2019

The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial Services can move forward with a suit that looks to derail national bank charters for FinTech companies. The national licenses would let FinTechs lend money and paychecks to consumers. In the U.K.,

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National Fintech New York Exercises 165

PYMNTS

JULY 21, 2020

s FinTech sector. Independent Panel To Review UK’s FinTech Sector. s FinTech sector is planning a review of the industry to identify opportunities for growth. Second-quarter earnings reports from Coca-Cola and PepsiCo show the two iconic brands must make big modifications to what was seen as an impervious business.

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Fintech Groups Payments Mobile 140

PYMNTS

AUGUST 14, 2019

In Southeast Asia, FinTech InstaReM recently released a new platform of its own. The platform, which relies on InstaReM’s existing global digital ecosystem that supports payments and remittances, enables companies to more easily issue branded cards without having to obtain multiple licenses. Deep Dive: The Road to Real-Time Payments.

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The Financial Brand

SEPTEMBER 8, 2021

Given the burgeoning role of fintechs and big techs in banking, legislators and analysts are raising the call for more regulations. The post Regulators’ Revenge: Fintechs’ Success Spurs Calls for More Oversight appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Regulation Fintech Banking Trends Analysis 25

PYMNTS

OCTOBER 19, 2016

According to Brad Fauss, president and CEO of the Network Branded Prepaid Card Association, the recently released regulations on prepaid cards from the Consumer Finance Protection Board could be another instance of good intentions gone wrong. The updated regulations are slated to take effect Oct. About The Tracker.

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PYMNTS

FEBRUARY 23, 2017

The Series B round is the largest-ever venture capital investment into an Australian FinTech startup, according to reports. According to AirTree Ventures Managing Partner Craig Blair, the investment round represents “a coming of age in the FinTech sector in Australia.”

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Fintech Capital Lending Branding 100

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.

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The Financial Brand

JULY 2, 2023

This article What Bank & Fintechs Must Know About Washington’s New Guidance on Partnerships appeared first on The Financial Brand. Does your bank have or is it contemplating a relationship with a fintech? Get to know banking regulators' new guidance on the subject.

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Fintech Washington Branding Regulation 32

The Financial Brand

AUGUST 31, 2021

The post Bank Regulators Set Risk Guidance for Fintech Partnerships appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Framework takes into account all from funding to management depth to business recovery strength to lead to good choices by community banks.

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Regulation Fintech Community Bank Banking Trends 24

Chris Skinner

MAY 12, 2017

Further to my recent trip to Pakistan Business Recorder (their version of The Financial Times) interviewed me in depth about what is happening in FinTech. Chris has been voted one of the most influential people in banking by The Financial Brand. We are seeing big changes to encourage innovation.

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PYMNTS

NOVEMBER 12, 2020

urged antitrust regulators to act fast in enforcement toward Google. as well as 21 European Union (EU) countries — sent a letter to antitrust regulators asking that they throw the book at Google as fast as possible. Report: Strategic Payment Investments Give FIs, FinTechs Innovative Payment Options. and Canada.

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Google Payments Regulation Branding 193

PYMNTS

NOVEMBER 3, 2020

Eighty-one percent of consumers in one recent study said that trusting brands was a major factor in determining whether they would interact with them, for example. This figure includes new users of online banking platforms or money management FinTechs, services that are covered under U.K. Open Banking, Privacy And Consumer Trust.

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Study Data Regulation Digital Banking 192

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. Earlier this month, China debuted drafts for new rules for eCommerce companies, with the goal of trying to cut down on monopolistic power, PYMNTS reported.

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PYMNTS

FEBRUARY 19, 2019

The report noted that banking systems embedded on mobile phones are popular in emerging markets, including in China, India and Kenya , driven in part by private-sector FinTechs. “Mobile phones will become banks.”. It’s not clear whether a state system in Mexico will be easy to use.

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Fintech System Mobile Payments 173

PYMNTS

JULY 19, 2018

It’s no secret that banks and FinTechs are collaborating at a rate faster than ever before. The need is there for a comprehensive approach for risk management, which in turn means that both FinTechs and FIs need a strong, consistent strategy and roadmap from the very start of collaborations.

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Fintech Risk Management Big Data Management 107

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.

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Compliance Fintech Marketing Security 109

South State Correspondent

OCTOBER 28, 2022

Gartner focused on technology infrastructure, while Money 20/20 was around fintech and payments. Almost every bank and brand we spoke with will increase their investment in these two areas for 2023. cyber, infrastructure, and regulation. Small Idea – Policy and Regulations are Lagging But Are Going in Banking’s Favor.

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The Financial Brand

JUNE 2, 2021

Acting chief at the national banking regulator wants to end fragmented views on financial innovation and has made CRA reform a top priority. The post New OCC Chief Targets Fintech/Banking Deals & Crypto for Scrutiny appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Fintech Banking Trends Analysis National 43

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.”.

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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 $20 million funding round for Australian alternative lending platform Prospa has set a record, according to reports, as the largest FinTech venture capital funding in the country. Soundtrack Your Brand.

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Fintech Capital Lending blockchain 109

PYMNTS

NOVEMBER 13, 2019

The branding will reflect the financial institutions and not Google. 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

APRIL 30, 2018

Anyone in a regulated industry — and that’s just about all of them — are also plenty dubious about using cryptocurrencies as the processing rails for supporting those pilots and incorporating them into their longer-term plans should their pilots show promise. And to learn.

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Fintech blockchain Lending Digital Banking 183

PYMNTS

MAY 3, 2020

One of Britain’s largest banks, Bó had been positioned to compete with FinTechs like Monzo and Revolut. Instead, RBS said Friday (May 1) that it would “wind down Bó as a customer-facing brand” in only a half-year since the neo bank was rolled out to the public.

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Branding Resources Digital Banking Regulation 181

Gonzobanker

FEBRUARY 23, 2022

In this emerging landscape, financial institutions, often community banks, frequently “rent” their charter to financial technology firms (fintechs) that serve a specific consumer group as a means to grow non-interest income. While customer relationships are being redefined by fintechs, there will always be a place for community banking.

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Community Bank Strategy Risk Management Fintech 133

PYMNTS

APRIL 2, 2019

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. In the B2B trading space, marijuana companies can struggle to mitigate the risk of product quality or in buyer-supplier relationships, for instance.

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The Financial Brand

JANUARY 28, 2020

Fintech awareness and usage have increased exponentially on a global level, but use in North America continues to lag due to outdated regulations. The post Fintech Adoption in North America Lags Global Acceptance appeared first on The Financial Brand.

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America Fintech Regulation Branding 33

The Financial Brand

JANUARY 19, 2022

The post Will Biden’s Regulators Totally Redefine Bank Mergers in 2022? appeared first on The Financial Brand - Banking Trends, Analysis & Insights. A convergence of new leadership in federal banking agencies and significant changes to bank merger policies promise major upheaval.

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Regulation Leadership Banking Trends Analysis 33

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.,

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The Financial Brand

APRIL 28, 2021

The post Big Techs in Finance Will Test Regulation and Policy Levers appeared first on The Financial Brand. Traditional banks feel like new competitors can do as they like but finding regulatory fairness will be harder than many realize.

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Policies Regulation Branding Google 35

Jeff For Banks

FEBRUARY 27, 2016

Arkadi was a frequent speaker on the FinTech rubber chicken circuit, being viewed as a visionary industry disruptor. So its brand didn't blow away its buyer, Capital One, either. See the table from SNL Securities regarding various features of online accounts from FinTech and banks alike. Why do FinTech firms rush to banks?

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Fintech Kansas Community Bank Capital 60

PYMNTS

APRIL 7, 2020

Plus, regulators in Europe ruled that Mastercard’s plans to acquire part of Nets violate antitrust protections. regulators in Europe said on Monday (April 6) that Mastercard’s plans to purchase a portion of Nets presents a sizable risk to competition on the continent. Fed Plans New Facility For SMB PPP Loans.

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Payments Survey Fintech Regulation 130

Gonzobanker

JUNE 7, 2023

Mix in the added drama of regulators condemning the banking-as-a-service model, and there’s added risk. Bonus complication: Any brand would struggle to win over the trust of an audience that may have used the same account for decades. Here, there are existing fintech tools developed for older adults. life expectancy was 76.1

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PYMNTS

JUNE 26, 2019

Despite the compliance deadline being set back in 2015, many banks that offer application programming interfaces (APIs) to third-party providers and FinTech firms are still unprepared for SCA. Regulations can build trust and goodwill, though. Banks Competing with FinTechs. Merchant partners are also getting up to speed.

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PYMNTS

OCTOBER 22, 2018

Despite the rise of FinTech firms and challenger banks hoping to offer small businesses (SMBs) a better banking experience, large traditional financial institutions (FIs) continue to hold the dominant position in the SMB financial services (FinServ) space. Yet, the report also shows the limitations of the U.K.’s

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Fintech Maine Survey Regulation 155

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!

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