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Today In Payments Around The World: Visa Debuts Europe FinTech Partnership Program; Payments Canada Teams With Mastercard’s Vocalink 

PYMNTS

Visa Unveils FinTech Partnership Program In Europe. FinTech Partner Connect will “support new ways for businesses and consumers to seamlessly and securely pay, get paid, send money and more,” according to a representative for the company in an email announcing the effort. Plus, Railsbank has closed a $37 million funding deal.

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Vice Chair Barr outlines Federal Reserve’s near-term priorities

CFPB Monitor

To achieve the safety and soundness of banks and stability of the financial system, Barr intends to focus on mitigating evolving risks through regulatory capital reform, resolution planning for large banks, and revisiting the criteria used by the Fed to analyze and approve large bank mergers.

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Scale Matters … But Smart Matters More

Gonzobanker

A recent round of bank merger announcements and the marquee Capital One/Discover deal illustrate this mantra’s popularity. It’s very hard for regulated banks and credit unions to gain any meaningful efficiencies under $1 billion in assets. It appears nothing else matters but the urgency to get big and get there fast.

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A Year in Financial Models, Fintech Valuations, Super Apps, Big Tech, Decentralized Finance, the…

Lex Sokolin

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! Is Ant Financial the best Fintech in the world? Or rather, you should be inside, partying. Runner up?—?

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A Year in Financial Models, Fintech Valuations, Super Apps, Big Tech, Decentralized Finance, the…

Lex Sokolin

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! Is Ant Financial the best Fintech in the world? Or rather, you should be inside, partying. Runner up?—?

Fintech 52
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California Legislature Passes AB-1864 Setting the Stage for the “Department of Financial Protection and Innovation” and the California Consumer Financial Protection Law

CFPB Monitor

This simply restates authority already given under the CFPA to enforce the CFPA or regulations issued under it for such entities. the “CFPA”). California Consumer Financial Protection Law. AB-1864 also includes the California Consumer Financial Protection Law (“CCFPL”). CCFPL: New Registration Requirements.

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What’s Next For Payments In The Next Decade: The Seven 2020 Trendlines

PYMNTS

Instead of going to the gym, they’re climbing on their Peloton bikes or exercising in front of their Magic Mirrors with trainers and others who are part of those digital fitness communities. And Big Tech (Amazon, Google) and FinTech (PayPal) players top the list of those who would like to enable it.

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